Hurry up and DIE, already: a post on gold

  Gold sucks:  it's clear.

  However, what's levitating gold above 1300, aside from credulous longs?  Why haven't we finally dived below 1100?

  Simple:  fear of a debt crunch.  If we get a bond-market rout, then the Fed will have to countervail the deflation with sustained QE, thus providing gold (ostensibly) with a bid.  This is the only reason I can see for gold not already vaporizing.

  Hence, one way to bet on a debt crunch is to bet on gold longs, but really, if the Fed has supreme credibility, gold may still fail:  it's just too high, given where we are.  Wow, you can still lose if you win...  anyway, that's my thesis, and so perhaps we have speculators picking up gold on the dips to hedge their rate-sensitive stuff...  I don't know.

  Gold remains a long-term SELL till GDX breaks 2008 lows:  just my opinion.



  

Zizek, "ethical consumers", and consciousness

  A friend sent me a great Zizek video:

https://www.youtube.com/watch?feature=player_embedded&v=hpAMbpQ8J7g

  In this video, Zizek examines what impels the "ethical consumerism" movement and its inherent contradictions.  However, I would like to go a step back and try to think about WHY such a movement exists, in the first place:

  Consciousness is contagious:  people learn and intuit from each other, whether they like it or not, at a subconscious level.  The extremely perceptive can sense their subconscious' manipulations, but most don't, and this allows many people to "think" they truly have an idea, opinion, or identity when, in fact, they merely react to their personal aggregate consciousness.

  The consciousness of the overt injustive inherent in Western crony-capitalism began to emerge in the 1990's in the US, co-incident with the first major recession since Reagan and a structural-shift in White employment and incomes, and as more and more Americans became losers, not winners, in the US, this movement gained more legitimacy throughout the country.  In fact, the astute billionaires behind Obama cynically used this sentiment to impose the ultimate Fabian Socialist, Obama, as the MD of Sales and Marketing for USA, Inc.

  Today, consciousness of class and deprivation have hit fever pitch, and so more than ever, "spending" has become a "form" of resistance for the irrelevant classes...  unfortunately, though, as Zizek argues, they're playing in a fixed game, and the bets have already been made (hint:  the irrelevant classes lose, again).

  "Ethical Consumerism" is not only intellectually lazy, but it also diverts energy from more productive efforts, such as reorganizing communities, repairing the broken spirit of Americans, and imposing universally moral ethical and social norms on society rather than contrivances to prop-up materialism and the rent of the ruling class.

EU deposit wealth tax aka "negative rates"

I told you the EC had a plan for the EU.

1) crisis
2) bail-out, but those contingencies, fat tails, costs... how to avoid an Ireland?
3) Avoid Ireland with bank union and...
4) WEALTH TAX ACROSS THE BANKING UNION

DONE:  yields saved, markets saved, speculators smashed...  the end

another 30m US citizens

1) higher wages / wage bump for workers / inflation

2) more tax revenue as slave wealth is kept legal and domestic vs exported

3) total annihilation of non-elite white political relevance

It's funny how the White Race committed suicide in the West:  perhaps it subconciously revolted against the intolerably hypocrisy and deplorable ethics of its society by importing slave-labor to undermine itself, just as Rome did with its own mercenaries.

In fact, DARPA is run by an immigrant...  female, of course.

The White Race hates itself.  I can't see it any other way.

It needs therapy.

Keystone XL : FUBAR

  I told you it wasn't going to happen.

http://epa.gov/compliance/nepa/keystone-xl-project-epa-comment-letter-20130056.pdf

  Key insight:  the EPA wants the CO2 emissions from oilsands E&P sequestered or off-set before seriously considering Keystone XL.  This is a big deal.

Your very, very negative NPV

  The top researchers working for the government are very smart.  Well, they don't FORMALLY work for the government, but their grant funding is FROM the government, and their research is secret.

  In fact, they've already modeled your life, your community, and the entire nation under a variety of scenarios with various stochastic boundary conditions and shocks.

  The conclusion:  you need to die and not have children.  Hence, free abortions, birth-control, and a focus on accelerating the "end".

  Taxes will reach Swedish levels in the US, especially against wealth, but that still won't work to stop the panic amongst the populace:  the ruling class will NEVER share ANYTHING with the lower classes (would you share your super-model wife and coke stash?), and as technology improves and the masses become more physically impotent against DARPA death machines, they have less and less incentive to do so.

  The gulf between rich and poor will not only widen, but the distribution of rich and poor will necessarily become more and more skewed, as technological disruption leads to only a handful of IP oligarchs having any wealth, at all.

  Ask:  why has GitMo not been shut down?  Simple:  "domestic terrorists" will be sent there, alongside Jihadists and whatnot from Absurdistan.

  There is only one hope:  a change in culture.  You see it happening in the eccentric regions of society, but it is occuring:  a repudiation of hedonism and materialism.  Why, the "nofap" movement even made NY Magazine, this week!

  We are living in the end-times of Materialism:  prepare for the techno-Middle Ages.

  Trend:  new "religion" revival, materialism fatigue, secular humanism implosion.



  

Paralysis

Obama is paralyzed by domestic political opposition.  The market remains a hard sell till otherwise.