Big Money and the Organizational Suicide of the Democratic Party

The Democratic Party is a good example of an ongoing organizational suicide.

They are internally focused, preoccupied with form but tone deaf and tactically inept, and so given over to cynicism that they can no longer communicate effectively with anyone outside of their own declining circles and enclaves.

They cannot change enough to grow and prosper without shedding the policies which have led them to a sweeping loss of public offices.

But such change would threaten the current leadership in the seats of power to which they jealously hold tight, not for the sake of long standing principles or the benefit of their constituent bases, but out of unabashed cynical self-interest and a commitment to personal enrichment

When the public once again clearly and loudly showed their desire for change, the Democratic leadership did their best to stifle and thwart it, and reaffirm their allegiance to the status quo and business as usual.

And even now they seem committed to a strategy of pivoting towards corporate wealth and high earning professionals, while offering an endless stream of hysteria and fear, wrapped with a bow of identity politics and phony sympathy.  

Their brand is to be 'the lesser of two evils.'

After an electoral disaster they may have learned something, but they are willing to do nothing about it, remaining firmly in denial.   Why?  Because they hope that they can win by making the other guy fail more miserably than themselves without having to change their ways.

They are caught in a credibility trap.

Caution on strong language.

Related: Democrats can’t win until they recognize how bad Obama’s financial policies were

Stocks and Precious Metals Charts - Ship of Fools

"If I speak in the tongues of men or of angels, but do not have love, I am only a resounding gong or a clanging cymbal. If I have the gift of prophecy and can fathom all mysteries and all knowledge, and if I have a faith that can move mountains, but do not have love, I am nothing. If I give all I possess to the poor and give over my body to hardship that I may boast, but do not have love, I gain nothing.

Love is patient, love is kind. It does not envy, it does not boast, it is not proud. It does not dishonor others, it is not self-seeking, it is not easily angered, it keeps no record of wrongs. Love does not delight in evil but rejoices with the truth. It always protects, always trusts, always hopes, always perseveres."

1 Cor 13:1-7

Stocks finished off mixed, but Wall Street can say 'mission accomplished' because the SNAP IPO was taken to market in such a way to whet the appetites of the many.

Gold and silver were hit in a rather clumsy and obvious manner this week, but seem to have recovered reasonably well.

On the Comex at least, March is a much more active contract for silver than for gold.

We will be having another Non-Farm Payrolls next week, and a likelihood according to the number of a rate increase at the March FOMC meeting.

Please remember God's creatures, and the poor among us.  For their life is hard, and we are called to show them mercy.   And to not judge others harshly in our foolish pride, but as we would wish it for ourselves, if we were but wise, and not given over to the sin that makes us blind.

Have a pleasant weekend.

Stocks and Precious Metals Charts - Snappity Doo Dah

SNAP came out last night at $17, and hit $24 in open trading today.

This will tickle the fancy of investors, and whet their appetite for overpriced new era stock bets. Like Uber for example.

I had a call from a friend last night, asking for recommendations to put money into the markets. Not in any particular area or segment. Just a place to put some savings to make a lot of money.

Fait accompli.

Gold and silver took a hit today on US dollar strength. The driver for the US Dollar is the general consensus, now around 90%, that the Fed with raise in their March meeting.

Silver in particular was smashed lower in a calculated bear raid in today's futures trading.

The Comex silver deliveries are more active in March than they are for gold. I have included that data below.

Have a pleasant evening.

Stocks and Precious Metals Charts - Oh SNAP! - Wall Street's Trousered Apes Celebrate National Pig Day

"What I have called the trousered ape and the urban blockhead may be precisely the kind of man they really wish to produce. The differences between us may go all the way down. They may really hold that the ordinary human feelings about the past or animals or large waterfalls are contrary to reason and contemptible and ought to be eradicated. They may be intending to make a clean sweep of traditional values and start with a new set."

C.S. Lewis, The Abolition of Man


Ashes. Ashes!
We all fall down.

Nursery Rhyme

All the bearish types who bet on a sell off on a lack of details from Donnie got smoked this morning, as stocks went on a tear higher.

Talk about exceeding a very low bar.   I think the markets were afraid that Il Douché would take off his shoe and start pounding it on the podium.

Ah, but the SNAP IPO is pricing this evening, and at a couple of dollars above the 'expected price' at $17. It will start openly trading tomorrow. There is a lot of interest in their big underwriter Goldman, among others, seeing it 'pop' and close higher tomorrow to flush out the pan. And there are other IPOs lined up to follow if this one flies. Uber, among others perhaps.

I am not sure that markets will start selling off next week, but I was pretty sure they would not start selling off before now, all things being equal and considered.

This is one bent financial system, and Donnie is no reformer by all indications so far.  But there are so few of them these days.  It is very fashionable for the elite to embrace their inner swine.

So was this a high note today, or just another stop along the way of making America great again? And what will things be like when we finally face the music?

I suspect that this is just another cycle in the series of financial bubbles and busts which we have been enjoying since the 1990's, when it was declared that greed is good, and being a nation led by shameless pigmen had its compensations, at least for those who count.

Well, the future will certainly not be boring.

Happy National Pig Day.

Have a pleasant evening.

Stocks and Precious Metals Charts - Mardi Gras - Laissez le Bon Temps Rouler

"Peace I leave you, my peace I give to you;  not as the world gives do I give it to you. So do not let your heart be troubled— do not let it be afraid."

John 14:27


"Let us feel what we really are— sinners attempting great things. Let us simply obey God's will, whatever may come. He can turn all things to our eternal good. Easter day is preceded by the forty days of Lent, to show us that they only who sow in tears shall reap in joy."

J. H. Newman

Another interesting day in The Recovery™ as the US Dollar remained steady at the close, gold was hit in a series of little cheap shots, stocks were weak, and the VIX rose once again.

The Donald speaks to the professional politocrats in Washington this evening.

Snapchat IPO should be getting its final pricing tomorrow, and be out trading on March 2.  I hear the voice of a fat lady singing.

There was a serious problem with Amazon's cloud computing services today, that caused problems across a wide range of platforms on the East coast of the US.   I had trouble getting my email from this site today for most of the afternoon.

Have a pleasant evening.