Reckless Disregard - Complacently Into the Storm

IMG Auteur
Published : February 15th, 2020
287 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : GoldWire

"Most Americans are certainly aware a deadly coronavirus broke out in China and has spread around the world, including to the U.S.   Far fewer Americans know the Trump White House’s war on 'the administrative state' (really on those parts of the federal government that don’t serve concentrated wealth and power or that punish the working and lower classes) has rolled back the federal government’s ability to respond effectively to pandemics.

Trump has slashed funding for the federal Centers for Disease Control and Prevention and its infectious disease research.   For 2020, he proposes cutting the CDC budget by $1.3 billion, 20% below the previous year’s level, raising serious concerns among public health experts about the nation’s capacity to protect the citizenry against a deadly contagion."

Paul Street

"It is not possible to found a lasting power upon injustice, perjury, and treachery. These may, perhaps, succeed at first, and limp along on hope for awhile with a flourishing appearance.  But time betrays their weakness, and they eventually fall into ruin of their own designs."


"Be not deceived, for God is not mocked. Whatever a man sows, so shall he reap."

Galatians 6:7

Stocks were weak most of the day, but managed to ride buying programs into the green in the last twenty minutes of trading.

Pretty confident programs, buying into a three day weekend with black swans a-swirling.

Gold finished higher as did silver.

Gold is pushing fairly hard against that breakout treandline resistance.

At some point I expect it just might get some traction against all this pressing down, and moving somewhat briskly higher.

The Dollar is overbought.

Madness. All of it.

May God have mercy on us for our selfishness and pride.

Have a pleasant weekend.

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Boomer Elegy
04 AprGypsy
Good Grief James ! You and I are of the same generation, lived absolute opposite lives yet ~ almost ~ came to the same conclusion. I was raised Ba...
Ayn Rand's Hymn To Money
02 Aprgfs543
Thank you, Professor Fekete, for an outstanding tribute to honest money.
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
26 MarJ.
We will have to wait and see. It all comes down to demand. The current glut of supply will probably take a couple of years to clear. After that,...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
22 Marrokdok25
J - surely James' point is that shale oil is fundamentally uneconomic, in the past and certainly in the present. If and when the wheels of industry...
Things Have Changed
18 MarMr. Gnawbone
I enjoyed this article JHK, I been long expecting and have lived a full and beautiful life, but I raised my children to prepare and they are doing ...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
16 MarJ.
JHK - sometimes I wonder if you understand economics. Oil is cheap 'because' demand is down, and supply is way up. So, energy inputs to the ec...
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
15 MarThemis0
I suspect Hillary, or her clone, is waiting in the Dem wings.
Like WTF? Gold Crashes with Stocks!
15 MarThemis
What I don't see in this article is a differentiation between the price of paper and physical gold, which I believe to be decoupling.
Most commented articlesFavoritesMore...
World PM Newsflow