"This new form of existence, with its mass psychology and social dependence
on the fluctuation of markets and wages, produced an individual who was unstable, insecure, and suggestible.
He was aware that his life depended on boards of directors and captains of industry, and he supposed, rightly or wrongly, that they were chiefly
motivated by financial interests. He knew that, no matter how conscientiously he worked, he could
still fall a victim at any
moment to economic changes which
were utterly beyond his control. And there was nothing
else for him to rely on.
Moreover, the system of moral and political education prevailing in Germany had already done its utmost to permeate everybody with a spirit of dull obedience, with the belief that every
desirable thing must come
from above, from those who
by divine decree sat on
top of the law-abiding citizen,
whose feelings of personal
responsibility were overruled by a rigid sense of duty.
No wonder, therefore, that it was
precisely Germany that fell a prey to mass psychology, though she is by no means the only nation threatened by this dangerous germ. The influence
of mass psychology has spread
far and wide."
Carl Jung, Civilization in Transition,
Intraday I reported that the Sprott Physical Silver Bullion Trust has launched its anticipated follow on offering. Details are here.
The cup and handle
formation continues its pace, despite
the fiscal cliff jitters designed to make the people
more malleable to the 'grand bargain.'