"Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.
When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!
Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out."
Andrew Jackson, Taken from the original minutes of the Philadelphia bankers meeting from Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels
"Both religion and socialism thus glorify weakness and need. Both recoil from the world as it is: tough, unequal, harsh. Both flee to an imaginary future realm where they can feel safe. Both say to you, be a nice boy. Be a good little girl. Share. Feel sorry for the little people. And both desperately seek someone to look after them—whether it be God or the State.
A thriving upper class accepts with a good conscience the sacrifice of untold human beings, who, for its sake, must be reduced and lowered to incomplete human beings, to slaves, to instruments... One cannot fail to see in all these noble races the beast of prey, the splendid blond beast, prowling about avidly in search of spoil and victory; this hidden core needs to erupt from time to time, the animal has to get out again and go back to the wilderness.”
Friedrich Nietzsche
"The LameStream Media is the dominant force in trying to get me to keep our Country closed as long as possible in the hope that it will be detrimental to my election success. The real people want to get back to work ASAP. We will be stronger than ever before!"
Donald J. Trump, March 25, 2020
The stimulus bill was held up today, in part because a section was written badly, and then as various GOP Senators were using this delay to object to the amount of money being given to the unemployed. As you know, they are very concerned that giving money to unemployed people might make them lazy.
Bernie Sanders weighed in, and said if these Senators do not drop this constant objecting about unemployment, that he would personally put a hold on the bill until stricter standards are placed on the massive corporate bailouts. Ouch.
Oh well, such are the times.
The stock markets tried to make it two days in a row with another up day, Alas, it was not to be, although the spokesmodels were pleasuring themselves throughout the morning with talk of a second day of 'the biggest stock market rally since 1933.'
And the pundits were urging the public to
buy, buy, buy.
Gold remains in a very odd situation.
The premium of the gold futures over the spot market is the largest that we have seen in a very, very long time, since the late 70's early 80's, which were indeed exciting times for gold.
I have included a chart of this below.
Word of a 'fail to deliver' on physical in NY has been rampant, although the fingers are being point at— wait for it— the coronavirus.
Funny, since the stores of gold supposedly in the Comex warehouses right now are so vast.
Silver has been in a strong rally mode, briefly tagging the 15 handle today before falling back a bit.
Tomorrow will be an option expiration for the metals on the COMEX.
The behavior of the LBMA and the COMEX have been what one might expect from such august establishments of secrecy and privilege.
One can only wonder.
Have a pleasant evening.
