16 July 2019

In the Garden of Beasts: Killing the Unfortunate, the Mentally Ill, and the Other For the God of the Market


'Life Unworthy of Life'
"The perpetrators were scholars, doctors, nurses, justice officials, the police and the health and workers’ administration.

The victims were poor, desperate, rebellious or in need of help. They came from psychiatric clinics and childrens hospitals, from old age homes and welfare institutions, from military hospitals and internment camps."

Commemorative Tablet at Tiergartenstraße 4, Berlin


“Evil when we are in its power is not felt as evil, but as a necessity, or even a duty. Sin is not a distance, it is a turning of our gaze in the wrong direction.

Human beings are so made that the ones who do the crushing feel nothing; it is the person crushed who feels what is happening. Unless one has placed oneself on the side of the oppressed, to feel with them, one cannot understand.

Power is as pitiless to the man who possesses it, or thinks he does, as it is to its victims; the latter it crushes, the former it intoxicates. The truth is, no one really possesses it."

Simone Weil


"As everything in what used to be called creation becomes a commodity, human beings begin to look at one another, and at themselves, in a funny way, and they see price tags. There was a time when people spoke, at least occasionally, of 'inherent worth'— if not of things, then at least of persons.

It is sometimes said that since everything is for sale under the rule of The Market, nothing is sacred. Does anyone doubt that if the True Cross were ever really discovered, it would eventually find its way to Sotheby's? The Market is not omnipotent— yet. But the process is under way and it is gaining momentum."

Harvey Cox, The Market as God


"The stronger must dominate and not mate with the weaker, which would signify the sacrifice of its own higher nature.  Only the born weakling can look upon this principle as cruel, and if he does so it is merely because he is of a feebler nature and narrower mind; for if such a law did not direct the process of evolution then the higher development of organic life would not be conceivable at all.

The struggle for the daily livelihood leaves behind in the ruck everything that is weak or diseased or wavering; while the fight of the male to possess the female gives to the strongest the right, or at least, the possibility to propagate its kind.  And this struggle is a means of furthering the health and powers of resistance in the species. Thus it is one of the causes underlying the process of development towards a higher quality of being.

Since the inferior always outnumber the superior, the former would always increase more rapidly if they possessed the same capacities for survival and for the procreation of their kind; and the final consequence would be that the best in quality would be forced to recede into the background.  Therefore a corrective measure in favour of the better quality must intervene.  Nature supplies this by establishing rigorous conditions of life to which the weaker will have to submit and will thereby be numerically restricted; but even that portion which survives cannot indiscriminately multiply, for here a new and rigorous selection takes place, according to strength and health."

Adolf Hitler, Mein Kampf


"Those who are at present so eager to be reconciled with the world at any price must take care not to be reconciled with it under this particular aspect: as the nest of The Unspeakable. This is what too few are willing to see."

Thomas Merton


“Religion used to be the opium of the people. To those suffering humiliation, pain, illness, and serfdom, religion promised the reward of an after life.

But now we are witnessing a transformation: a true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, that we are not going to be judged.”

Czeslaw Milosz, The Discreet Charm of Nihilism

Most people are unaware or simply overlook the actions of the German government that began in 1939, in which the State, with the active cooperation of the medical and legal professions, began the systematic murder of people who were physically and mentally inferior, undesirable and a drain on resources better used by the superior ones, at least according to the harsh but necessary judgement of the State.

It was this decision, and its willing acceptance by the thought leaders and intellectuals of the day, along with the sociopaths of all classes, in defining who had the right to live based on their ability to serve the State according to its needs, that laid the groundwork for the death of compassion, and the murder of over ten million people.

Once the State has the power to say who is or is not a worthy human being, no one is safe.  The mentally and physically disabled, the depressed, the vagrants, the elderly, those of mixed races, homosexuals, and those who irritate the powerful.

We do not often hear about Aktion T4, the euthanasia program, because the weakest have little or no constituency, and are sometimes overlooked because others think that their own causes, or their own pain, is more significant than the least of these.

It was the professional class, the doctors and the lawyers, who willingly sanctioned the murder of the innocents in Germany. And for that great crime against God and Man, which almost no one protested against, the country was brought low and laid to ruin.  

It is a terrible trap to think that we today are so different, so exceptional, that we are not capable of permitting the same thing to happen all over again.   After all, we are only doing what is necessary, what is required by The Market, backed up by made up statistics and clever propaganda designed to make the reasonably successful feel superior to the unfortunate.

And to make the unfortunate, the different, and the others appear to be vermin to be controlled and then exterminated, as an unjust economic drain on the nation.

They sanctify the rich, no matter how they made their fortunes, and demonize the unfornate, no matter what the cause of their poverty, which is the law of the god of the darkness of this world.

And this is how the madness begins.   Look, don't turn away.   See what you are becoming.

In their desire to escape the pain and complexity of being human, men can make themselves into beasts, one step at a time. And then there is hell on earth.

Aktion T4 was the name used after World War II for Germany's "Euthanasia programme" during which physicians killed thousands of people who were "judged incurably sick, by critical medical examination".

The programme officially ran from September 1939 until August 1941, but continued unofficially until the end of the Nazi regime in 1945.

During the official stage of Action T4, 70,273 people were killed, but the Nuremberg Trials found evidence that German and Austrian physicians continued the murder of patients after October 1941 and that about 275,000 people were killed under T4.

More recent research based on files recovered after 1990 gives a figure of at least 200,000 physically or mentally handicapped people killed by medication, starvation, or in the gas chambers between 1939 and 1945.

The name T4 was an abbreviation of "Tiergartenstraße 4", the address of a villa in the Berlin borough of Tiergarten which was the headquarters of the Gemeinnützige Stiftung für Heil- und Anstaltspflege, bearing the euphemistic name literally translating into English as Charitable Foundation for Curative and Institutional Care.

This body operated under the direction of Reichsleiter Philipp Bouhler, the head of Hitler's private chancellery, and Dr. Karl Brandt, Hitler's personal physician. This villa no longer exists, but a plaque set in the pavement on Tiergartenstraße marks its location.



This dialogue is taken from the transcripts of Sophie Scholl's interrogation, before she was tried and executed for her dissent and act of conscience in 1943 in Munich.



"The inability to identify with others was unquestionably the most important psychological condition for the fact that something like Auschwitz could have occurred in the midst of more or less civilized and innocent people.

What is called 'fellow traveling' (collaboration) was primarily business interest: one pursues one’s own advantage before all else and, simply not to endanger oneself, does not talk too much. That is a general law of the status quo."

Theodor Adorno

15 July 2019

Stocks and Precious Metals Charts - Wehret den Anfängen - Indicators Flashing Red


"To reduce a complex argument to its bare bones, since the Depression, the twin forces of managed democracy and Superpower have opened the way for something new under the sun: 'inverted totalitarianism,' a form every bit as totalistic as the classical version but one based on internalized co-optation, the appearance of freedom, political disengagement rather than mass mobilization, and relying more on “private media” than on public agencies to disseminate propaganda that reinforces the official version of events.

It is inverted because it does not require the use of coercion, police power and a messianic ideology as in the Nazi, Fascist and Stalinist versions (although note that the United States has the highest percentage of its citizens in prison — 751 per 100,000 people — of any nation on Earth). According to Wolin, inverted totalitarianism has 'emerged imperceptibly, unpremeditatedly, and in seeming unbroken continuity with the nation’s political traditions.'

The main objectives of managed democracy are to increase the profits of large corporations, dismantle the institutions of social democracy (Social Security, unions, welfare, public health services, public housing and so forth), and roll back the social and political ideals of the New Deal. Its primary tool is privatization [and deregulation].

Chalmers Johnson, Inverted Totalitarianism: A New Way of Understanding How the U.S. Is Controlled


“Be the person that your dog thinks you are.”

George Eliot aka Mary Ann Evans

This is what they call the 'dog days' of summer market trading.

Even the spokesmodels pom-poms were drooping today along with volumes, although they did manage a 'new highs' exclamation after the close.

And yes, stocks were marginally higher on light volumes.

Gold and silver were pretty much unchanged as the Dollar and Bonds moved a tad higher.

What is the old saying of Jesse Livermore? 'Never short a dull market.'

Citibank turned in lackluster results today, with profits based largely on one timers and cost cutting. The banking sector was a drag all day, although Citi managed to gain some ground finally. Go figure.

Gold continues to wind within a symmetrical triangle. Stocks continue to drift higher on lazy algo pumping.

The darkness continues to spread and gain force, as the unspeakable slowly becomes customary, and then finally acceptable.   If you to wish to never see that madness again, then wehret den anfängen, stop it in the beginning. 

I have included two charts immediately below that suggest that a global recession is on the horizon.

I was busy with people working here all day.  I really don't like to have anyone come over and do these things, but sometimes you just have to do it.

I had not expected them to come today, but they called early this morning and said they had a cancellation so would I like to have them come over.   It was ok with me.  I like to get these things done and over.

But besides directing traffic,  I did manage to keep busy with many little things that have been on my 'to do' list, now that most of the big things have been done.

But as you well know, when working outside in this kind of heat and humidity it does not take long before the thought of an ice cold glass of tonic water and lime on ice becomes an almost irresistible attraction.

Need little, want less, love more. For those who abide in love abide in God, and God in them.

AC /on.

Have a cool and pleasant evening.




12 July 2019

Stocks and Precious Metals Charts - Dear Mr. Powell - Art Imitates Life— Life Imitates High School


"Thus the elements are in place: a weak legislative body, a legal system that is both compliant and repressive, a party system in which one (I would in 2019 now say either) party, whether in opposition or in the majority, is bent upon reconstituting the existing system so as to permanently favor a ruling class of the wealthy, the well-connected and the corporate, while leaving the poorer citizens with a sense of helplessness and political despair, and, at the same time, keeping the middle classes dangling between fear of unemployment and expectations of fantastic rewards once the new economy recovers.

That scheme is abetted by a sycophantic and increasingly concentrated media; by the integration of universities with their corporate benefactors; by a propaganda machine institutionalized in well-funded think tanks and conservative foundations; by the increasingly closer cooperation between local police and national law enforcement agencies aimed at identifying terrorists, suspicious aliens and domestic dissidents."

Sheldon Wolin, Inverted Totalitarianism


"The truth is that we were so spiritually and morally bankrupt that we could not even see some of those lines: we stepped over them blindly. Other times we saw the lines alright, but we wanted to cross them... It wasn’t God who was dead. We were."

Ray A., Practice These Principles


“Oh where is the noble face of modesty, or the strength of virtue, now that blasphemy is in power and men have put justice behind them, and there is no law but lawlessness, and none act with fear of the gods?”

Euripides, Iphigenia in Aulis


“Religion used to be the opium of the people. To those suffering humiliation, pain, illness, and serfdom, religion promised the reward of an after life.
But now we are witnessing a transformation: a true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, that we are not going to be judged.”

Czeslaw Milosz, The Discreet Charm of Nihilism

Not to put too fine a point on it, we are a people addicted to greed, pride, and power. And like all who have been caught in such a devilish web, we are going to end this, badly.

Stocks rose to new highs, based on the pandering of the Federal Reserve to the moneyed interests.

It is, after all, the fashionable thing to do, since everyone who is anyone is doing it, from the liar-in-chief to the lowest creatures of the beltway and the corporate media.  En vogue.

Fed Chair Powell now owns this latest asset bubble, to the same extent that his predecessors going back to Greenspan at least owned theirs.

I would not put all the blame on the Fed, although the wiseguys are likely to pick them as the scapegoats.

I think we are long past the time when illusions could be dismissed as wishful thinking or as acts of naive desperation.   Men truly go mad in herds, and come to their senses slowly, one at a time.  And some, in their stubborn pride, never will.

There is little doubt in my mind that US stocks are forming a blow off top. The timing is going to be problematic as it always is.

What will trigger the next decline? Likely candidates are the FOMC meeting when they cut the interest rate, and the Street sells the news.

Or the upcoming earnings season, which begins next week, and the many surprises and realities that will be coming out of the dark.

Or some exogenous international event, political or economic, that sends the algos scurrying towards the exits.

But, while the music continues, the financiers and their creatures will keep dancing.   For who could have seen it, whatever it is, coming?

Have a pleasant weekend.





11 July 2019

Stocks and Precious Metals Charts - Risk On, Kind Of


“A system of morality which is based on relative emotional values is a mere illusion, a thoroughly vulgar conception which has nothing sound in it and nothing true.”

Socrates

Socrates would have made a good critic of the theories of modern currency.

It was a risk on day in the markets, although one might not expect it given the general results in the major US Stock indices.

The Dow Industrials cracked through the 27,000 barrier quite handily. The SP 500 closed a fraction below 3,000, the Nasdaq was off a bit, and the broader market as measured by the Russell 2000 declined.

There appeared to be some distinction between appearance and reality.

All in all, a fairly typical day in 21st century America.

The discussion is revolving around the Fed, and what they will do next.

Smells like teen spirit.
"May God the Father and Christ Jesus our Lord give you grace, mercy, and peace."

1 Timothy 1:2
Have a pleasant evening.


10 July 2019

Stocks and Precious Metals Charts - The Mask of Agamemnon - Deliberate Lies and Mispricing of Risks


"At the root of America's economic crisis lies a moral crisis: the decline of civic virtue among America's political and economic elite.  A society of markets, laws, and elections is not enough if the rich and powerful fail to behave with respect, honesty, and compassion toward the rest of society and toward the world."

Jeffrey Sachs


"Of this Logos the Word being eternal, men have proven to be uncomprehending, both before they hear and once they have heard it. For although all things happen according to this Word, they are like the uneducated who first experience words and deeds such as when I distinguish each thing according to its essence and show how it is.

And as for the rest, they are as unaware of what they do when they are awake, as they are when they are asleep."

Heraclitus


“I believe order is better than chaos, creation better than destruction. I prefer gentleness to violence, forgiveness to vendetta.  On the whole I think that knowledge is preferable to ignorance, and I am sure that human sympathy is more valuable than ideology.  I believe that in spite of the recent triumphs of science, men haven't changed much in the last two thousand years; and in consequence we must try to learn from history.  History is ourselves.

I believe in courtesy, the ritual by which we avoid hurting other people's feelings, by satisfying our own egos.  And I think we should remember that we are all part of a great whole, which for convenience we call nature.   All living things are our brothers and sisters."

Kenneth Clark, Civilisation


The broken wall, the burning roof and tower
And Agamemnon dead.

W. B. Yeats, Leda and the Swan


“Each day we are becoming a creature of splendid glory, or one of unthinkable horror.”

C. S. Lewis

Lies seem to be coming more and more easily to and prevalent among the ruling elite, and their enablers and acolytes in the professional class.  And it is therefore no surprise that hatred and irrationality are also in the air.

It will get worse before it gets better. If history is any guide, may God forgive us, this will end in blood.

Pray for each other, that you do not lose your way in this madness.

Stocks were soaring to new highs today, and gold rose sharply, off of the rather dovish testimony of Fed chair Powell.

His rationale for cutting rates in such a 'strong economy' is trade risks. Although he did note correctly that despite the apparent improvements, wages still remain sub-par.

Gold rallied smartly, up $20 to the upper bound of the consolidation pattern in which it is currently coiling.

If it breaks out to the upside it could be rather impressive.

I am stunned, and I hear little talk about it, at the lack of withdrawals from the Comex Hong Kong warehouses, much less the NY ones.

Hong Kong has been an active supplier of physical gold to Asia for some time.

Something momentous is happening behind the scenes. I am almost certain of this.  It will of course be brought to light, eventually.   But it will not be acknowledged readily by those who draw power from this rotten system.  This is the credibility trap.
"The truth has to be melted out of our stubborn lives by suffering.  Nothing speaks the truth, nothing tells us how things really are, nothing forces us to know what we do not want to know except pain."

Aeschylus, The Oresteia
Do not allow yourself to be swayed back and forth by those snakes and vipers who prey upon the innocent for a living, and lead them into destruction, for gain, and too often just for sport.

And remember me in your prayers, as I remember you.

Have a pleasant evening.





09 July 2019

Stocks and Precious Metals Charts - Dog Days Afternoon


"The press of the United States?  It is a parasitic growth that battens on the capitalist class.  Its function is to serve the established by moulding public opinion, and right well it serves it.

I know nothing that I may say can influence you.  You have no souls to be influenced. You are spineless, flaccid things.  You pompously call yourselves Republicans and Democrats.  There is no Republican Party.  There is no Democratic Party. 

There are no Republicans nor Democrats in this House.  You are lick-spittlers and panderers, the creatures of the Plutocracy.

You talk verbosely in antiquated terminology of your love of liberty, and all the while you wear the scarlet livery of the Iron Heel.”

Jack London, The Iron Heel

Now are the dog days of our discontent.

The markets were largely unchanged today, stepping back and forth from one foot to the other.

They wait with bated breath to hear the pronouncements of the Fed Chair on Wednesday and Thursday to the Congress.

Have a pleasant evening.