“People with advantages are loathe to believe that they just happen to be people with advantages. They come readily to define themselves as inherently worthy of what they possess; they come to believe themselves 'naturally' elite; and, in fact, to imagine their possessions and their privileges as natural extensions of their own elite selves.”
C. Wright Mills
"Back in 1941, Franklin Roosevelt set down his understanding of American political history, in which there were two schools of political belief. 'The liberal party believed in the wisdom and efficacy of the will of the great majority of the people, as distinguished from the judgement of a small minority of either education or wealth.'
What Roosevelt could not foresee was a party system in which the divide fell not between the few and the many, but between the small minority of education and the small minority of wealth. Enlightened technocrats on one side, and resentful billionaires on the other. Get that great majority back together, and they would be unstoppable."
Thomas Frank
"Manipulation can only go so far, especially when gold is reverting to its primary function which is as a currency in its own right or as means to substantiate existing currencies."
Richard Henley Davis
"Propaganda is the executive arm of the invisible government."
Edward Bernays
The story stocks in the SP 500 and the NDX were ripping higher today, with the big cap teach stocks going parabolic.
Gold and silver were under pressure much of the day, but managed to bounce back a bit into the close.
Silver in particular finished almost unchanged.
The Dollar was unchanged, short of the 93 handle.
There will be a Non-Farm Payrolls report on Friday that could move the markets.
Have a pleasant evening.
