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Der Untergang - The Madness Serves None But Itself

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Published : October 21st, 2020
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Category : GoldWire
“Everyone thinks of changing the world, but no one thinks of changing themselves.”

Leo Tolstoy 

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." 

Rudiger Dornbusch 

"Reasoning is no use; facts that contradict personal prejudices can simply be disbelieved — indeed, the fool can counter by criticizing them, and if they are undeniable, they can be just pushed aside as trivial exceptions.  We shall never again try to convince a fool by reason, for it is both useless and dangerous." 

 Dietrich Bonhoeffer

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."Charles Mackay

Stock futures did another overnight pop, and afternoon flop.

Gold and silver rose along their support lines, and the Dollar continued lower.

 Netflix slipped its growth estimates after the close.

The stimulus, the election, and vaccine questions are three significant exogenous economic factors. 

John Oliver's discussion of the World Health Organization from his Sunday night show is interesting.

We are in the midst of the hysteria I had forecast.    QAnon is the latest face of it.

It seems almost ordinary, because it came on so slowly, and over such a relatively long period of time.

Its resolution may come more quickly, and leave many wondering what happened, and what they were thinking.

Most will move on, but some will stubbornly seek justification in stubborn denial.

Have a pleasant evening.


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