Gold had a little bounce today. Silver, not so much.
There is intraday commentary on why I think this is happening now as it is. It its titled An Almost Perfect Storm of Incompetence and Felony.
Incompetence is probably much too kind an interpretation.
The decisions that these public servants are making are not so often out of well intentioned ignorance and ideological blindness, as a former Fed Chairman seems to suggest. That is what I call the CEO-defense. Rather they are made as a price of power and privilege, and selfish betrayal of trust.
See who is getting the sinecures in the financial sector, and the enormous fees for speeches after their ‘public service,’ all out of proportion to their real value. And then you may understand why there is no reform, and no sustainable recovery.
This post was published at Jesses Crossroads Cafe on 09 NOVEMBER 2015.
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