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The Beginning of Sorrows

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Published : October 15th, 2020
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Category : GoldWire
“Only the unlimited accumulation of power could bring about the unlimited accumulation of capital.” 

Hannah Arendt, The Origins of Totalitarianism 

"I warn you, as I have warned you before, that those who join in this lawlessness will not inherit the kingdom of God.   The fruit of the Spirit is love, joy, peace, patience, kindness, generosity, faithfulness, gentleness, and self-control."

 Galatians 5:21-22

"Maintaining silence about a dirty truth is another way of lying, a common practice in high places."

 Michael Parenti

"The secret of a great success for which you are at a loss to account is a crime that has never been exposed, because it was so well done and hidden." 

 Honoré de Balzac,Le Père Goriot

Stocks were struggle to digest the irrational exuberance, when Treasury Secretary Mnuchin announced that there is unlikely to be any stimulus package anytime soon.

Why should there be?   All the people that matter to the elite have already been amply rewarded for their financial crimes and craven service to injustice.  Only those who are lost in darkness will still listen to them.

The Dollar slumped, and gold and silver rallied.

Wax on, wax off.

This is the cycle of the con game.

Not the sophisticated schemes you may imagine, or see in novels and movies. 

Rather they are like street cons: simple, brazen, thuggish. 

They are just embellished with fine words and payoffs.

There will be a stock market option expiration on Friday.

Have a pleasant evening.

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