“One day, we will have to stand before the God of history. And we will talk in terms of things we've done. And its seems to me that I can hear the God of history saying, 'That was not enough. For I was hungry, and you fed me not. I was naked, and you clothed me not. I was devoid of a decent sanitary house to live in, and you provided no shelter for me. And consequently, you cannot enter the kingdom of greatness.'" Martin Luther King
"People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right. The sensitivity of the poor to injustice is a trivial thing compared with that of the rich."
John Kenneth Galbraith
"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."
Ephesians 6:12
Stocks caught what might be best described as a 'dead cat bounce' today.
Gold and silver were sold lower for the option expiration on the Comex.
The supply of physical gold available for immediate delivery continued to drift lower.
The US Dollar finished higher.
The Atlanta Fed has raised its estimate of 2Q GDP to 4.7%, which suggests that the Fed will stick to its new plan to have four interest rate increases this year. They will most likely contribute to the break in the economy by their actions and willful disregard for the cracks in its foundations.
Need little, want less, and love more. For those who abide in love abide in God, and God in them.
Without love, none will be able to withstand what may come.
This is worth watching if you wish to obtain a better understanding of the dimension and sources of problems in US healthcare.
This may be surprising if all you have been given is the usual misdirection and scapegoating of victims that is the mainstay of the moneyed interest in defending their abusive privileges. And unfortunately, people fed on their steady stream of well crafted slogans presented by impressive but phony experts, and media figures, and bought and paid for politicians, will absorb and repeat these slogans without thinking all too often.
If you have recently had a major encounter with the US healthcare system you will understand this implicitly. After seven years of fighting a major illness in the family, I have gained a great deal of insight into what is going on, from almost every aspect including financial and logistic and structural.
And for the most part Steven Brill is correct in his diagnosis. Unfortunately he is not quite there in his prescription for change. Change is difficult, especially for those who are deeply immersed in things as they are.
If not, and you do not get it yet, if you cannot get past all the misdirection and spin put forward by the Big Pharma and Big Healthcare and Big Insurance monopolists, then you have something in store that may shock and surprise you, when you finally encounter it close up. It is ugly, resembling a carny game or control fraud.
I am no fan of Obamacare. Yes it did do one or two things right, but on the whole it is a bastard child of the Heritage Foundation, and a 'shifting of the deck chairs on the Titanic' that was crafted and promoted by the perpetrators of the problem itself.
At the core of the US healthcare system is the corrupting power of big money, unrestrained by law and in too few hands. It's corrupting influence has been spreading like a virus through almost every system that we have.
And too many people have thrown up their hands, for a variety of good and not so good reasons, and said that change is impossible.
Like any broken system there are many 'angels' who work tirelessly in it, trying to do good with compassion and dedication. We were lucky to have found quite a few, and we treasured what they did, and thanked God for them.
But there were too many who went along to get along, and the worst, those toxic few, those ghouls, who just wallowed in it for their own advantage without regard for their patients as human beings.
It is wrong to demand that anyone make a martyr of themselves. That is too much to require. But many do without thinking. People need support and protection to speak out for these kinds of big changes, since the stakes are so high, and the darkness at the top is so powerful, and vindictive. And most profound organizational corruption flows from the top down.
Like too many corrupt organizations, what well-intentioned participants can say and do to right wrongs and expose injustice is strictly limited, bound by a career destroying rule of omerta about as unforgiving as in a proper criminal organization.
Since this video was made, Charlie Rose was exposed for what he is, and some of the abuses of power, and was fired. He was a child of and mouthpiece for a thoroughly rotten, amoral system of money and power above all.
"'What dost thou see, lone watcher on the tower
Is the day breaking? comes the wish'd-for hour?
Tell us the signs, and stretch abroad thy hand
If the bright morning dawns upon the land.'
'The stars are clear above me, scarcely one
Has dimm'd its rays in reverence to the sun;
But yet I see, on the horizon's verge,
Some fair, faint streaks, as if the light would surge.'"
Charles Mackay, The Watcher On The Tower
“Whatever has been hidden will be revealed, and what is concealed will be uncovered and brought to light."
Luke 8:17
"I think caution in US equities is advisable, and it may be time to take some profits off the table, especially if we get the kind of initial drop and breakdown with a failure to recover that I had been discussing with examples from history yesterday. I'll let you know if I see a major tsunami warning, but even now caution is advisable."
Jesse, Wednesday 20 June 2018
It was a risk off day in the US markets, which were roiled by new prohibitions against Chinese investment in key technologies companies in the US. The concern here is the propensity for China to 'borrow' US intellectual property. And a valid concern it is.
Stocks dropped down to key support, and then bounced back weakly in the last half hour. These support levels reached today need to hold especially on a retest after a modest rally. If not, then we have some support at markedly lower levels.
The markets are favored in the sense that a market break or crash in June is not likely.
Gold and silver participated in no flight to safety. And tomorrow is an option expiration for the precious metals on the Comex. What a surprise.
Gold inventories showed a slight decline.
Need little want less and love more. For those who abide in love abide in God, and God in them.
Let us pray for those whose hearts are hardened against His grace and loving kindness by greed, fear, and pride, and the seductive illusion and crushing isolation of evil.
We pray that we all may experience the three great gifts of our Lord's suffering and triumph: repentance, forgiveness, and thankfulness. And in so doing, may we obtain abundant life, and with it the peace that surpasses all understanding.
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