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Jay Powell's International Silver String Submarine Band

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Published : January 14th, 2022
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Category : GoldWire
"Easy money, sudden fortunes, increasingly powerful political machines and blatant corruption transformed much of the nation; and the Senate, as befits a democratic legislative body, accurately represented the nation.  Corporation lawyers and political bosses, not constitutional orators, were the spokesmen for this roaring era."

John F. Kennedy, Profiles in Courage

"The abuse of buying and selling votes crept in and money began to play an important part in determining elections.  Later on, this process of corruption spread to the law courts.  And then to the army, and finally the Republic was subjected to the rule of emperors."

Plutarch, The Roman Republic

 

"The desire to gain wealth and the fear to lose it are our chief breeders of cowardice and propagators of corruption." 

William James, Varieties of Religious Experience

“Government has coddled, accepted, and ignored white collar crime for too long.  It is time the nation woke up and realized that it's not the armed robbers or drug dealers who cause the most economic harm, it's the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most.  They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives.” 

Harry Markopolos

Stocks slumped again today after yesterday's save.

Gold and silver declined, but managed to take back some of the losses. 

The Dollar chopped sideways.

The VIX climbed higher.

Weakness permeates the markets' underpinnings.

Slowly, gradually, and then all at once.

Have a pleasant evening.


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