03/16/12 The Gold Coast, Australia – It doesn’t matter where you go, Fellow Reckoner…it doesn’t matter how far you wander or for how long you travel…you can’t escape the world improver brigade. Whether we like it or not, they are here to protect us from the horror of having to make our own decisions. And there’s an opening for one in every village.
We’ll get to that in a second. First, out regular beat…
Stocks were up again yesterday. The Dow rose another 60 or so points, pushing it to gains of over 2% for the week. Gold, meanwhile, languishes around $1,660 per ounce. It’s back to where it was a couple of months ago.
And the markets are up because…because…
And gold is down because…because…
Well, we don’t know. And we don’t believe anyone who tells us they do. Vigilant Reckoners appreciate that completion of the above sentence requires of the author a profound sense of delusion, arrogance…or both.
As it happens, almost none of the tools required for a deeper understanding of the events unfolding in the world are to be found in the daily news. By definition, the news simply reports on things that have already occurred. Think of it as a kind of running data stream of digits and statistics, the unfolding pages of history, clumsily recorded and with a meaningful delay.
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