You bomb apparently a hospital and kill an estimated 500 people you get higher oil prices over night as WTI and Brent are both up over $3 early today.
WTI hit a high so far of $88.57 and Brent touched $93 with gold higher nearly $22.
Meanwhile, Bloomberg is reporting Health Care insurance policies cost $24,000 a year, up 7% from last year’s 1% increase in what they are calling a post-pandemic move in our view that resembles the typical move after bureaucratic imposed rent ceilings or controls are undone.
Human nature wants to make up for lost time. See Mr. Powell’s favorite gage of inflation these days, service inflation, one of his and his accomplices biggest gift to America.
"Voice or no voice, the people can always be brought to the bidding of the leaders. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in any country."
- Hermann Goering, German military commander and Hitler's designated successor
For those who remember the days and months that followed 9/11, there is an unnerving feeling of déjà vu about the Hamas attacks on Israel.
“The same shocking images of carnage and grief dominating the news. The same disbelief that anyone could be so hateful, so monstrous, so evil as to do this to another human being. The same outpourings of support and unity from around the world. The same shared fear that this could easily have happened to us or our loved ones.
“Now once again the drums of war are sounding on the world stage, not that they ever really stopped. Israel is preparing to invade Gaza, the Palestinians are nearing a humanitarian crisis, and the rest of the world is bracing for whatever blowback comes next.
Here in the United States, as we approach the 22nd anniversary of the USA Patriot Act on October 26, we’re still grappling with the blowback that arises from allowing one’s freedoms to be eviscerated in exchange for the phantom promise of security.
“Here are a few lessons that we never learned or learned too late.” Source
When the Patriot Act hit Hollywood went berserk railing against phone tapping and what became then a whole host of unknown future other spying mechanism on a way too trusting public.
Look at Hollywood now. Just not too deep or too long. It will turn one’s stomach. Hollywood helped sire the current repressive state.
