“But at the same time, it is as necessary for me to be as vigorous in condemning the conditions which cause persons to feel that they must engage in riotous activities as it is for me to condemn riots. I think America must see that riots do not develop out of thin air. Certain conditions continue to exist in our society which must be condemned as vigorously as we condemn riots. But in the final analysis, a riot is the language of the unheard.”
— M L King, Jr — Stanford University, April 14, 1967
Archive for May, 2020
Sunday, May 31st, 2020
Friday, May 8th, 2020
“No one has ever taken this kind of jackhammer to the economy in such a brief time and shut it down. We just don’t understand whether this is going to take a year or ten years to work out of. Therefore, the prudent thing right now is to hunker down, minimize discretionary spending, build up liquidity, get into cash, and buy gold. There’s no playbook that will tell you where we’re going. We’ve violated all the rules of economic life and monetary rationality that have ever been created over the last centuries.”
— David Stockman — InternationalMan.com