History Lessons - The Worst Is Yet to Come

"Those who think our unhinged president’s recent mania about a murder two decades ago that never happened represents his moral nadir have missed the lesson of his life: There is no such thing as rock bottom. So, assume that the worst is yet to come."

George F. Will, June 1 2020


"The government is the potent omnipresent teacher. For good or ill it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."

Louis D. Brandeis


“Now we are witnessing a transformation: a true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, that we are not going to be judged.”

Czeslaw Milosz, The Discreet Charm of Nihilism


"I see. So they talk, pray, march, plead, petition and what do they get?  Cossacks, prison, flogging, police, spies, and now, after today, they will be shot.  Is this God's will?  Are these His methods?  Make war on your own people?  How long do you think they're going to stand there and let you shoot them? YOU ask ME who's responsible? YOU ask?"

Count Witte to Tsar Nicholas II


“Hate obscures all distinctions.”

C. S. Lewis

Stocks were on a tear today. The Nasdaq is reaching for its previous highs, and a new blow off top.

Gold and silver were hit very hard, in the general pattern of in the markets ahead of a Non-Farm Payrolls report.

Gold held at the support level of its trading channel. Let's see what happens for the rest of the week.

The house accounts of the major players are taking gold contracts.

The real Comex physical market in Hong Kong is very low on inventory.

The New York inventory is a joke.

Where is the rule of law here? Where are those vocal defenders of the Constitution?

And it is not yet even July. But things are proceeding as one might expect.

Don't join in. Remember whom it is that you serve, and how.

The madness serves none but itself.

Have a pleasant evening.