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God and Mammon

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Published : August 08th, 2022
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Category : GoldWire
"You either belong wholly to the world or wholly to God.  If people would do for God what they do for the world, what a great number would go to Heaven.  Our greatest cross is the fear of crosses.

Envy follows pride; whoever is envious is proud.  Envy comes to us from Hell; the devils having sinned through pride, sinned also through envy, envying our glory, our happiness.  Why do we envy the happiness and the goods of others?  Because we are proud; we should like to be the sole possessors of talents, riches, of the esteem and love of all the world!

Everything is good and precious in God’s sight when we act from the motives of adoration and of love. Christ tells us that even offering someone a glass of water would not go unrewarded. You see, my children, that although we may be poor, we can still easily give alms.

How good is our God!  When we are no longer able to come to Him, He comes to us.  We are each of us like a small mirror, in which God searches for His reflection.

If you pray and love, that is where happiness lies.  It is always springtime in the heart that loves God."

John Vianney, Curé of Ars

“Sometimes people hold a core belief that is very strong.  When they are presented with evidence that works against that belief, the new evidence cannot be accepted. It would create a feeling that is extremely uncomfortable, called cognitive dissonance.  And because it is so important to protect the core belief, they will rationalize, ignore and even deny anything that doesn't fit in with the core belief.”

Frantz Fanon

"Le secret des grandes fortunes sans cause apparente est un crime oublié, parce qu' il a été proprement fait."    (The secret of great returns which are difficult to explain is a crime that has not yet been discovered because it has been carefully executed.)

Honoré de Balzac, Pere Goriot

"The real collapse of our currency began when it became evident that certain industrial circles were more powerful than the government."

Adam Fergusson, When Money Dies: The Nightmare of the Weimar Collapse

The VIX and Dollar dumped, and gold and silver shot higher.

Gold is now up to some serious resistance in the short term.

Stocks had another ranging day, finishing slightly higher to unchanged.

The markets are waffling ahead of tomorrow's Non-Farm Payrolls report.

And that is just another indication of what a Fed-driven mispriced market we have. 

I could not find enough conviction to take any serious position ahead of the report, so we'll just have to see what happen.

Daisy is responding remarkably well to treatments and is settling in to her new environment.

Have a pleasant evening.



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