"There are invisible rulers who control the destinies of millions. It is not generally realized to what extent the words and actions of our most influential public men are dictated by shrewd persons operating behind the scenes.
The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country."
Edward L. Bernays, Propaganda
"It's not just America. The whole world has sort of turned muddy. By and large, the world is increasingly run by ignoramuses, wackos and psychotics. This was long before Donald Trump. But we've got more crazy people running the world now than ever.
I thought once Hillary called those people 'deplorables' it was all over. She was dead from that moment. She lost millions of votes on that by criticizing people who were considering an alternative to her.
I don't think that Robert Mueller is all there. I more than think; I know more. The bottom line is they had the investigation. If I were the press, I would start writing about what the Democrats need to do. And if I were the Democrats, I'd start talking about what they are going to do to make America a better place for most people.
I think it's the one reason a guy like Donald Trump ran. They understood where he was coming from. That Trump is just a blowhard. They laughed at him. They knew Trump doesn't know what he's talking about. But Trump wasn't the same old big smile and a lot of good words. The Democrats have been going around saying, 'We're for the people, we're for the little guy.' And all they do is run to Wall Street for money. And the one guy that didn't, Sanders, was sabotaged by the Democratic National Committee.
If I were the Democrats I would stop worrying about Donald Trump and start talking to the American people about jobs and health care.
What did these hacked messages from the DNC say, anyway? It was about cutting off money for Sanders. Everything that was leaked showed that the Democratic Party was working against the one guy who wasn't running on campaign funds from the big corporations."
Seymour Hersh
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| And now for the Corporatist Captiol News... |
“The speed of communications is wondrous to behold. It is also true that speed can multiply the distribution of information that we know to be untrue.”
Edward R. Murrow
“Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it.”
Laurence J. Peter
Gold was hit today as expected for the options expiration, and the large open interest and short position held by the Banks.
The Dollar pretty much moved sideways.
Stocks were iffy, again as expected given the over-enthusiasm and lowballing of risks in the market yesterday.
Wash and rinse.
At some point this year I think they are going to plunge, and it could be pretty breath-taking in its scope.
There are not many favorable things to say about the economic news, and financial news reporting today, or any news or politicians or very important people for that matter, so I won't say much at all. Power corrupts because it attracts corruptible people.
I mean, what can you say when your news is being delivered by Rita Skeeter, Effie Trinket, and the most biggest internet news aggregator site is run by a corporatist Baghdad Bob.
Well, there you are. Seems like a good day for corporal works of mercy and prayer.
We *might* see gold get hit again, once or twice tomorrow and Monday. And we have an FOMC meeting next week, at which they are widely expected to cut their benchmark rate by 25 basis points.
I came in with a pretty good stock index short I put on very late yesterday, and took it off intraday when it looked like stocks had dropped as much as they would, given the usual afternoon stick save. That was a nod to the likely hit on my gold position.
I will be looking to add to an existing gold position next week sometime, assuming that the antics become exhausted and the Banks have taken their pound of flesh. And not because they don't want more; they want it all, and would take it if they could get away with it.
I am adding an update of the three major twists on the current chart formation in gold that looks like a 'consolidation pattern.' The patterns are all still active, but I like the symmetrical triangle best.
Let's see if any of this holds up.
Have a pleasant evening.
