12/1 Daily Commentary

I sold the ZSL at 11.90 waiting on a final rally in silver to 29+.
I don't own any common stock, preferred stock, bonds, or other instruments for any more than brief periods.  All of these instruments reflect and sustain the current financial system operating throughout the world.  Last month I made good money shorting silver and crude and buying the dollar.  Last month I sold most of my gold and silver, having enjoyed a 4-fold increase over the prior 6 years.  I also have scaled back my trading.  This blog only gets a couple of updates daily because in my mind I am short-term bullish and long-term ultra-bearish stocks and commodities.   My forecast of the stock market uses I1 to create an ascending triangle with an eventual upside breakout to cap this orgasm of fiat manipulation.

I have a philosophical discussion point.  Historically people have posited good with virtues and evil with vices.  To me virtues are sustainable, life-supporting habits that benefit not only the individual possessing them but the whole society.  Conversely vices are addictions that require ever-increasing doses in order to derive pleasure.  Vices are destructive to the individual and to the whole society.  If I subject most people with stresses they will eventually break down into vice and dishonest behavior because most people have no fundamental beliefs.  The existence of a demon underlying these behaviors has been with humanity since at least Moses.  Debt is one of the devil's tools and is insidious and relentless.  It has ruled mankind on a logarithmic spiral for over 70 years in the U.S., 50+ years for most of the remaining nations, and individual societies periodically throughout history.  It has destroyed virtuous behavior and rendered thrift obsolete.  Governments started the cycle and individuals caught on, corporations are now predominantly focused on short-term results, and consumer spending accounts for the vast bulk of western economic activity.  Governments, corporations, and individuals are riddled with corruption.  Polishing each other's shoes is now an acceptable economic model with debt the grease that keeps the engine going.  This worldwide evil is now reaching a crescendo, sustained by the incredible leverage of post-crisis government and central bank actions.  The Fed runs out of gas by June.  I'm betting March will be the turning point.