Auguries — Scientism
September 14, 2012
Kevin Michael Grace

Gold was up (at press time) $33.50 (+1.9%) for the week to $1,772.80, and silver was up $4.21 (+13.8%) to $34.69. GoldCore attributed September 14 the rises to gold’s good friend Bernancus Magnus. “Bernanke’s announcement of further money printing and ultra-loose monetary policies saw gold and silver surge in all currencies…. Bernanke [has] embark[ed] on QE3 or what would be better described as ‘Currency Debasement 3’… The scale of the open-ended monetary commitments suggests the Fed is worried about another Great Depression and an economic collapse.”

The great Thomas Szasz died this week after a lifetime devoted to truth. He was what James Burnham would have called a Machiavellian; that is, he sought to describe the world as it is, not as some would like it to be. Szasz was a master of the aphorism, which he said was “either a half-truth or a truth and a half.” One of his best: “In the animal kingdom, the rule is, eat or be eaten; in the human kingdom, define or be defined.”

Read more about gold prices.