“Sometimes people hold a core belief that is very strong. When they are presented with evidence that works against that belief, the new evidence cannot be accepted. It would create a feeling that is extremely uncomfortable, called cognitive dissonance. And because it is so important to protect the core belief, they will rationalize, ignore and even deny anything that doesn't fit in with the core belief.”Frantz Fanon"Certainly there were many others as reprehensible and irresponsible as those who played the leading roles. The German people were the victims. The battle, as one who survived it explained, left them dazed and inflation-shocked. They did not understand how it had happened to them, and who the foe was who had defeated them."Adam Fergusson, When Money Dies: The Nightmare of the Weimar Collapse
June is a big, active month for gold on the Comex.
And today was the option expiration for the precious metal June contracts.
Le voilà, comme prévu.
What else might we have expected? Honesty? Price discovery? A market clearing price between users and suppliers?
These are markets that have been willfully overwhelmed and misdirected by speculation. There are no fundamentals in The Bucket Shop, just what is essentially full time market rigging, with little to no product changing hands between long term investors and suppliers.
These are markets that have been willfully overwhelmed and misdirected by speculation. There are no fundamentals in The Bucket Shop, just what is essentially full time market rigging, with little to no product changing hands between long term investors and suppliers.
And similarly, like healthy nourishment in a snack cake, so there is still little to no recovery in The Recovery™.
When the reckoning for this protracted folly and organized plunder finally comes, they will all be so amazed.
It is so very modern to think that things are just as we say they are, because we say so. And nowhere is this psychosis more apparent than in modern economics and money.
It is the ultimate tyranny of selfishness and egoism, and will last as long as the masters can keep extending their power and their will, crushing all dissent and all others in their path,
And then comes the downfall, the sickening plunge, and the moment of terrible lucidity when the music stops. And the illusion dies.
Have a pleasant evening.
