"Another cause of today’s instability is that we now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation.
These are free of political controls and social responsibility and have largely monopolized power in Western Civilization and in American society.
They are ruthlessly going forward to eliminate land, labor, entrepreneurial-managerial skills, and everything else the economists once told us were the chief elements of production.
The only element of production they are concerned with is the one they can control: capital."
Professor Carroll Quigley, Oscar Iden Lecture Series 3, 1976
"Money is power. And those who control the money, if they have the will for it, can use it as a means to incredible power, to create debt, and to control it, thereby controlling the debtors, both as individuals, as communities, as regions, and whole nations.
This is the story of global trade deals, the Dollar, and the foul marriage between politics, money, and central banking. The more discretion and secrecy that is granted to those who create money and debt, the more vulnerable is the freedom of the people."
Jesse, 4 May 2015
"Far be it from any of us to be of those simple ones who are taken in that snare which is circling around us! Far be it from us to be seduced with the fair promises in which Satan is sure to hide his poison! Do you think he is so unskillful in his craft, as to ask you openly and plainly to join him in his warfare against the Truth?
No; he offers you baits to tempt you. He promises you civil liberty; he promises you equality; he promises you trade and wealth; he promises you a remission of taxes; he promises you reform. This is the way in which he conceals from you the kind of work to which he is putting you.
He scoffs at times gone by; he scoffs at every institution which reveres them. He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods. Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."
John Henry Newman, The AntiChrist
Stocks dumped again today, but managed to rally off the lows into the close.
The Dollar rallied and VIX moved higher.
Gold and silver were hit and did not recover off their lows nearly as much as stocks.
Tomorrow we will hear what the Fed has to say about their policy moves with rgard to tapering, and their projection of inflation and rates.
Since this market is the Fed's Frankenstein monster, their words may carry some impact.
There will be a stock option expiration on Friday.
Have a pleasant evening.
