Bailouts Have Already Started

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Forty plus years of central economic planning guarantee a severe economic depression. Stimulus is only a word. No genuine stimulus occurs. Stimulus is a euphemism for lobbyist inspired government spending. Fancy explanations will emerge but what I just wrote is the root cause of the coming depression. Tampering with the economy, especially the financial markets guarantees an economic collapse. This is the least popular explanation so it will be replaced with countless volumes of fancy explanations. That happens when the truth is unappealing.

Bailout number one are the tariffs. Interest rates are so low and so much borrowing has been done at under the market level rates that a return to market driven rates would break the back of government as well as preferred private borrowers who have borrowed mountains of money at no cost at all. When government and favored borrowers are over extended high inflation will bury debt and pass the cost on to the general population.

There is already panic in the financial markets but there is no crash. This is because equities are getting unlimited organized support. Anytime there is weakness in the market the level of organized support for the stock market is increased. This could continue until the entire economy collapses but eventually stock prices will give way.

I believe bailouts will be announced prior to the time in at which market is down as little as ten percent, possibly even less. I have speculated in the past about what the nature of bailouts will be but it doesn’t have to play out exactly that way. I suspect central banks will come together and announce that they are buying stocks outright to save the world. You and all others will be expected to do their patriotic duty and absorb the losses of all who have borrowed heavily and spent unwisely. That doesn’t mean it won’t be explained that it is all for your benefit. One war or another may very well be started as a means of diverting attention. However it plays out, bailouts are coming. I believe it will be very early on. If it takes a while, tap you foot. Bailouts will be announced.

Are there any facts at hand? Yes, there are the kind main street economics disregards. Those facts are the known existence of incentives. What do we know about incentives? In the absence of counter influences people act on them. For decades government has been used primarily as a means of rigging markets and extracting wealth out of the large population. This is the primary tools of top down socialism. The balance of power in the country favors all who will want to be bailed out. Is there anyway the group that has high jacked the government and now uses it as a marketing and life enhancing tool, is not going to find a way to use government to bail them out of their losses? Just be ready.

The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.

7 thoughts on “Bailouts Have Already Started

  1. Jean Dolphin

    Considering your topic

    A bailout money is not a money that is naturally generated because is not from production. For instance, if you have a company that doesn’t not produce or does not produce to make a profit and I bail you out. That money is not naturally generated because is not from something you sell to make it. Naturally that cannot happen all the times because it is against the law of nature.

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  2. Jean Dolphin

    What do I mean is that if I work I get pay then that money is naturally generated. If you have a company that produces goods and services and I buy goods and services from you, that more money is naturally generated. If I don’t work I get money and your business does not produce any goods and services and get money. That money is not naturally generated. It is like generating money from thin air with no fundamental. All that I mean real money that is from production.

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  3. Fantasy Free Economics Post author

    The world has never had a stable currency for any length of time. Early on money tended to be something portable and divisible like gold coins. Even that was tampered with politically. What is done to money politically is more important than what actually constitutes money. There is nothing intrinsically wrong with fiat money. Fiat money issued by governments of stable societies would be fine except that pleas are constantly made to government to increase the money supply. The Austrians have a lot to say about this. I am still not real clear on what you are trying to find out, There is nothing in the world that automatically constitutes money.

    Reply
    1. Fantasy Free Economics Post author

      I am not exactly sure what question you want me to answer or if I have an answer. I generally see two sources for money. There is the kind of money work generates and with that what can be borrowed based on the realistic assumption that it will likely be repaid. Then there is money that is accessed through political power. This is the kind provided through monetary policy. Politically derived money is used to exploit and fleece those whose only source of money is work.

      Reply

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