“The even larger problem is that there is a kind of chronic complacency that has been rotting American liberalism for years, a hubris that tells Democrats they need do nothing different, they need deliver nothing really to anyone – except their friends on the Google jet and those nice people at Goldman.
The rest of us are treated as though we have nowhere else to go and no role to play except to vote enthusiastically on the grounds that these Democrats are the ‘last thing standing’ between us and the end of the world.
It is a liberalism of the rich, it has failed the middle class, and now it has failed on its own terms of electability.”
Thomas Frank, Liberals Put Trump In the White House
“Those powerful few who use public and private resources to twiddle the markets in the short term, and quite a few other data metrics as well, are giving their brethren who were caught offsides by last night’s election a chance to square up and get ready. That’s what they do.
They bought the SP 500 futures for stocks, and sold paper gold and silver for the metals.
And they wished to send all the rest of us a message – vote all you like, but we are still in control.”
Jesse, Credibility Trap: Deny and Defy
‘There are too many things we do not wish to know about ourselves.’
James Baldwin, The Fire Next Time
Audacious!
There was intraday commentary on the huge swing in gold from last night to this afternoon here.
There was also some commentary about the surprising sweep for Trump in the elections last night here.
The swing in the US dollar was equally impressive as you can see in the first chart below.
And of course, I have updated my tracking chart of the Imperial Presidents. lol
This post was published at Jesses Crossroads Cafe on 09 NOVEMBER 2016.
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