Remembering Ed Schultz, Kind Of - This Is the World That We Live In Now

"The next moment a hideous, grinding speech, as of some monstrous machine running without oil, burst from the big telescreen at the end of the room. It was a noise that set one's teeth on edge and bristled the hair at the back of one's neck. The Hate had started. As usual, the face of Emmanuel Goldstein, the Enemy of the People, had flashed on to the screen...

Before the Hate had proceeded for thirty seconds, uncontrollable exclamations of rage were breaking out from half the people in the room. The self-satisfied sheep-like face on the screen, and the terrifying power of the Eurasian army behind it, were too much to be borne: besides the sight or even the thought of Goldstein produced fear and anger automatically...

To keep them in control was not difficult. A few agents of the Thought Police moved always among them, spreading false rumours and marking down and eliminating the few individuals who were judged capable of becoming dangerous; but no attempt was made to indoctrinate them with the ideology of the Party. It was not desirable that the proles should have strong political feelings.

All that was required of them was a primitive patriotism which could be appealed to whenever it was necessary to make them accept longer working-hours or shorter rations. And even when they became discontented, as they sometimes did, their discontent led nowhere, because being without general ideas, they could only focus it on petty specific grievances. The larger evils invariably escaped their notice...

The essential act of the Party is to use conscious deception while retaining the firmness of purpose that goes with complete honesty. To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just so long as it is needed, to deny the existence of objective reality and all the while to take account of the reality which one denies, all this is indispensibly necessary."

George Orwell, 1984

Gold and Silver Holdings of Trusts and Funds - Price Manipulation: The Thing Speaks For Itself

Dangerous leverage in the gold markets seems to be pressing the ready supply of physical gold, even prompting withdrawals and redemptions from the trust and funds on relatively small price swings, as opposed to the silver market where supply is adequate.

If there is a dislocation in the physical gold market, which some have suggested as a possible outcome, then res ipsa loquitur. 'the thing speaks for itself'. 

There should be little surprise or debate with regard to the negligence of the regulators of the markets and those engaging in price manipulation including the Fed, the SEC, and the CFTC. 

The market price manipulators have been too long free to act with near impunity, much as Bernie Madoff had been able to do before his own price manipulation scheme toppled over, with the regulators and the Banks turning a blind eye to systematic fraud.

Stocks and Precious metals Charts - Risk On! - Running With the Devil

"Maintaining the status quo of falling real wages and rising inequality by offshoring jobs to low cost countries like China, who then lend money back to the US, also risks pushing down growth rates.  We made a deal with the devil long ago; now he's here, and he wants his due."

Luke Gromen


“There can be few fields of human endeavor in which history counts for so little as in the world of finance.  Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present.”

John Kenneth Galbraith, A Short History of Financial Euphoria


"There is a tide in the affairs of men, which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries.  On such a full sea are we now afloat.  And we must take the current when it serves, or lose our ventures."

William Shakespeare, Julius Caesar

The Non-Farm Payrolls Report came in about as expected on the headline numbers, but short on wage growth.   Stagnant wages—  who could have seen it coming.

It makes you wonder what sorts of jobs are being added.

The US tariffs on China took affect at midnight.  And China responds in kind.

So the trade war has begun.

And they bought it, with stocks up steadily, and gold, silver and the US Dollar all lower, if only a bit.

Gamble, gamble.

Next week may tell us about the precious metals, now that the short term noise is past.

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

Have a pleasant weekend.

The Deadly Spiral of Corporate Crime and the Rise of Government By Organized Money

"Last year Simon & Schuster released The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives by the Pulitizer Prize winning journalist at ProPublica, Jesse Eisinger. If you read nothing else this summer, you should read this book followed by Nomi Prins’ Collusion: How Central Bankers Rigged the World.

The two books provide Americans with a comprehensive understanding of how the Justice Department, Federal regulators, a growing number of Federal judges and the central bank of the United States known as the Federal Reserve have been corrupted by corporate influence. To a large degree, they now serve their corporate masters, not the American people."

Pam and Russ Martens, Judge Lewis A. Kaplan, “The Chickenshit Club,” and Spiraling Corporate Crime


"How worried should the government be if a punishment causes a company to go out of business? Should regulators worry about the cashiering of innocent employees? What about customers, suppliers, or competitors? Should they fret about financial crises? From this rather innocuous mention, the little notion of collateral consequences would blossom into the great strangling vine that came to be known after the financial crisis of 2008 by its shorthand: “too big to jail.” Prosecutors and regulators were crippled by the idea that the government could not criminally sanction some companies—particularly giant banks—for fear that they would collapse, causing serious problems for financial markets or the economy.

Today’s Department of Justice has lost the will and indeed the ability to go after the highest-ranking corporate wrongdoers.”

Jesse Eisinger, The Chickenshit Club


"Central banks and institutions like the IMF and the World Bank are overstepping the boundaries of their mandates by using the flow of money to control global markets and dictate economic policy both at the domestic and global level. These public institutions have become so dependent on funding from private banking and the revolving door between the two worlds is so smooth that public and private banks are effectively working toward the same goals."

Nomi Prins, How Central Banks Rigged the World

Fear of collateral damage that harms innocent people and the economy is just the cover story and a means to provide a rationale for those who are reluctant to participate in this terrible erosion of justice and the violation of oaths.

The reason why corporate crimes are not adequately prosecuted, the reason why the powerful can break the law with near impunity, the reason why the regulators turn a blind eye to increasingly egregious violations of the public trust, is the oldest reason in the world— the corrupting power of Big Money on people in positions of public trust.

And the greatest enabler is the us vs them, red vs blue partisan politics driving by richly funded propaganda that drives people to vote with their emotions rather than to think for themselves.   This has always existed, but now it is predominant.  Opioids are not the only addiction that people turn to in their frustration and despair.   People become addicted to propaganda, and the emotions it stimulates to stop the pain of thinking.

It is time to wake up, and stop rewarding those who are getting rich and powerful by manipulating you.  It is time to stop wallowing in media outlets and internet sites that are just propaganda platforms for demagogues and the powerful few.

People go mad in herds, but come back to their senses one at a time.  It is time to wake up and start thinking for yourself again.

The power, at least for now, is in our refusal.

 Shun them.   Refuse to patronize or serve them.  Stop the flow of money that feeds them,  and the corruption will die of itself.

"For twelve years this Nation was afflicted with hear-nothing, see-nothing, do-nothing Government. The Nation looked to Government but the Government looked away. Nine mocking years with the golden calf and three long years of the scourge! Nine crazy years at the ticker and three long years in the breadlines! Nine mad years of mirage and three long years of despair! Powerful influences strive today to restore that kind of government with its doctrine that that Government is best which is most indifferent.

For nearly four years you have had an Administration which instead of twirling its thumbs has rolled up its sleeves. We will keep our sleeves rolled up.

We had to struggle with the old enemies of peace--business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.

They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob."

Franklin D. Roosevelt, The Second New Deal, 31 October 1936