Tag Archives: amerocan economy

Worshiping False Idols

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Natural law has preeminence over any principle derived out of human intellect.  This presents a problem for mainstream economists. The best sources of natural law are largely off limits to to academics. The ideal sources of natural law are found in ancient writings. The very best sources for Americans are the Old and New Testaments. Natural law is modeled in the stories contained in both books. When modern day activities parallel the stories in these books, it is easily noticed that there are common outcomes. Persons of antiquity thought very deeply and constantly looked for meaning. Now that knowledge has largely been reduced to letters, deep thinking is not that commonplace. People and institutions are observed according to how they are defined and not how they function. Packaged ideas are the norm. People and institutions are seen in terms of how we would like them to be and not according to the way they really are.

In democracy based governments citizens do not behave as modern thinkers insist they do. In these types of systems ordinary people are charged with controlling their various governments. What actually happens when leaders and representatives are elected? Citizens relinquish control and give it to those they have elected. The assumption is made that the motives of elected officials are pure as driven snow. This is complete fantasy. The practice of worship is not restricted to giving respect to and acknowledging a deity.  Humans are far more likely to worship each other than a supreme being. Leaders and representatives are worshiped as if they are in charge of providing essence to the population.  In the ancient writings this is called worshiping false idols.  Believing or not believing in God is a personal issue. One thing is certain. No living thing on earth is divine. The folly of worshiping false idols is constantly demonstrated throughout ancient writings.

Still mankind is prone to seek essence from higher powers. Higher powers are assumed to be possessed by all who govern whether elected or appointed. There may be no harm in denying the existence of a supreme being. There is great harm in deeming various individuals and institutions as being substitutes for a supreme being. Natural law guarantees that great harm will follow the practice of worshiping false idols. I will paraphrase the words of a very insightful person, Roy Masters. “Wherever you place your faith, there you unwittingly surrender your soul.”

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.

Fantasy Free Economics recommends the following blogs.

Woodpiler Report Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts

The Stock Market is Rigged

I just want to go on record as saying the stock market is rigged. Since I don’t have a job, I am free to tell the truth. When the crash comes, the art of not knowing will be called into service by all who could possibly be held accountable. At any other time in history, rigging such a huge market would be impossible. It is possible to day and it is ongoing.

Dismiss this if you wish but I encourage you to wake up and think about what is going on. You might say “I have no money in the stock market, so why should I care?” My answer to you is that a stock market crash, which is coming will cost you everything you own because it will literally destroy the whole economy. The stock market’s rigging changes the way corporations function and it changes the way corporate insiders get paid. You have heard complaints that corporate officers are overpaid. Their salaries are not even a fraction of the money they make. The big money comes from running the price of their stocks into the stratosphere independently of earnings and and economic issues.The easy money is made by running up stock prices, so who needs to innovate.

This one thing is the biggest cash cow in the history of the world. In twenty years or so, this kind of thing might be explained in text books of economic history. Whether you realize it or not, the money is all coming out of the public’s pockets.

The rigging of the stock market has its roots when the Reagan administration first tampered with the financial markets. There is no conspiracy. It is a wink and nod system. Others wonder at the bizarre trading dynamics they see day after. Hedge fund managers who use trading tools that evolved out of observing free markets go broke and commit suicide. Hardly a soul will admit to being played for a sucker.

In the current era, goosing the stock market is the highest priority of government policy. It will and has destroyed the economy. The only thing keeping the entire economy afloat is the stock market itself. The tail can wag the dog for only so long, Virtually all of any growth in consumer spending since 2008 has come from driving up asset prices. Right now, the American economy is like a boxer who has taken a hard shot to the liver. For a short while, he continues to box but faints and falls to the canvass due to too little oxygen to the brain.

So, when will the stock market crash? It can happen anytime because the damage to the economy is so great that all of the tricks in the world are not enough to keep it afloat.

Chances are, somebody well respected will come out and say something like “Who are we kidding, the stock market is rigged, get out now while you have a chance.”