Acceptable Alternatives To The Truth

Acceptable Alternatives To The Truth  PDF Version

In explaining economics and politics, I have a complete advantage over all others who are doing the same thing, simply because I do not believe lies. That is not an unfair advantage. Anyone else can do the same thing. In politics, although the truth is in everyone’s tool box it is never used. Any politician who tells the truth is at an immediate disadvantage.

When talking about politics I start by knowing I am not hearing the truth regardless of its source. All communication in politics is focused on getting results or advancing an agenda. Others who believe they are hearing the truth, even out of their favorite suportees mouths, are generally wrong in their assessments from the outset.

That is in fact the case with mainstream economics. Study mainstream economics if you want to be highly adept at understanding a system that does not apply to or even exist in the real world.

John Kenneth Galbraith was a brilliant 20th century economist. Sure he was a liberal but he was an absolute master at observing what was going on in the world of economics, that was out of the visual field of everyone else. His solutions were misguided but his observations were right on

.In his classic 1950’s book, The Affluent Society, he introduced the term conventional wisdom. Today that term is used constantly but the gravity of its meaning has become lost. Conventional wisdom works out to be an alternative to the truth the vast majority of the time. Conventional wisdom is not what is true. It is a belief system the majority are comfortable with.

Policy is always based on conventional wisdom rather than what is factual or even logical. Often it is a means of adopting a lie,hoping it works or for the best, because the truth is too troubling to look at.

What is today’s conventional wisdom? Probably the biggest is the insistence by virtually everyone is  that the stock market is in a bubble created by investors bidding stocks up. It is quite unsettling to entertain the idea that we don’t have a bubble but a political agenda that provides affirmative action for stock prices. Bubbles burst. Political agendas fail but they don’t bust. What are political agendas? Political agendas are what politically powerful people convince congress that government should do.

I doubt that I am alone among economists as seeing QE and fiscal stimulus as not only unnecessary but completely destructive. The fact is that you cannot get paid as an economist unless you advance the conventional wisdom the modern discipline is based on. For that reason, the conventional wisdom that stimulus is needed and even that the Federal Reserve is an important necessary institution are standards that are

 

What conventional wisdom comes down to is a reasoning of choice that displaces the truth. The popular ideas that circulate in the echo chambers, both liberal and conservative, are bits and pieces of conventional wisdom that morph into sound bites. So, when does anything other than conventional wisdom enter the national dialog. That happens when suffering caused by policies based on yesterdays conventional wisdom begin failing.

 

Patriotism Completely Explained

Patriotism Completely Explained  PDF Version

Here is the first definition of patriotism that turns up on a DuckDuckGo search. With this definition in mind, countless U.S. citizens plus even more from other lands, enemies and foes have died in wars,….had bombs dropped on them…. and many are buried in graveyards where only patriots are allowed to be buried. Internments in a special graveyard is a patriot’s reward. Being honored as a veteran is another reward. Proclaiming oneself as Patriot Joe or Patriot Bill gains the eyes and ears of other citizens and exalts the professed patriot in the eyes of others.

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History’s Greatest Evolution

History’s Greatest Evolution  PDF Version

Of all that has taken place in mankind’s history, which of those things have had the greatest positive influence over the quality of human life?

It is my observation that this phenomenon occurred between  the end of the dark ages and the early part of Britain’s industrial revolution. Two developments occurred almost simultaneously.

First it was discovered that more could be accomplished  by people in groups when each one pursued his own goals independently as opposed to working under a leader in pursuing a common goal.

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New Global Crime Syndicate

New Global Crime Syndicate  PDF Version

Here are some thoughts.
The Republicans have got all three branches.
This is highly dangerous. This is because all three branches are controlled by lobbyist
Trump won by a big margin. This happened in 1972 when Nixon beat McGovern or when Johnson defeated Goldwater in 1972. Even in those elections, one party did not control both parties Look how that turned out. In politics, a mandate equals a license to steal.

I began exposing the criminal nature of everyday government in 2018. Some are now beginning to notice. I notice that Michael Franzese has been making these kinds of points on his YouTube channel. Should he not know a crime syndicate when he sees one? The Deep State may not have been displaced but only re-arranged, kind of like when a mob boss gets killed. The mob doesn’t quit, there is just new leadership. It can h actually be the same old mob with just a realignment within the power structure.

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A Nations Of Fools (repost)

What we have in the United Sates is a multitude of fools. What is a fool other than one who bases his life on things that are not  true because the truth is too daunting? What is meaningful to a fool? Why that would be entertainment and engaging in mindless fantasy. Politics comes down to seeking political messiahs and virtue signaling. The role of citizen in a democracy, is to take authority over government and leaders. American citizens do just the opposite.

As unpleasant as they are, here are the facts.

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Gifts to Billionaires Begin 250th Birthday USA

Gifts to Billionaires Begin 250th Birthday USA. PDF Version

I am telling you. We live within the realm of an eternal power struggle. Human beings are used to it, so much so that they don’t notice. Whoever wins a U.S. presidential election is global king of the mountain. However, the competition continues.

When Trump was elected in 2016, his first order of business was the passage of the Gifts to Billionaires Infrastructure Act. Who noticed that? Americans were to busy patting themselves on the back while shouting Make America Great Again. Secondly, he took serious measures towards preventing the Chinese from subsidizing American consumers. In return for unwittingly giving up precious freedoms, “patriots” got the wall and lots of patriotic rhetoric.

Trumps first initiative this time around in 2024 is a two hundred fiftieth  birthday party for the nation. While Americans are doing happy dances shouting MAGA and hanging on every word their leader speaks, Gifts to billionaires and income transfers the bottom to the top will go on unchallenged.

Folks, this is politics. It is brutal. Once again, ordinary citizens will be joyfully promoting their own poverty by following their chosen Judas goat to slaughter.

Progress as a nation comes from programs that require principles of differed gratification. Let me know if anyone notices Donald Trump suggesting anything of that nature.


How to Make a Fortune in the Stock Market

How to Make a Fortune in the Stock Market PDF Version

Before I get started, let me say unequivocally, this won’t work well if started today. It will work flawlessly after stocks take catastrophic losses in the coming days., Don’t start this in the immediate timeframe!

In 1973, I got my dream job as a retail broker, working for Merrill Lynch. I was the youngest person ever hired as such in the local office. I was hired mostly because of the enormous knowledge I had already accumulated at the young age of 23. I did not do well as a retail broker and only lasted 6 years. I was a miserable salesman, which I still am today. However, it all proved to be an invaluable experience.

1973 and 1974 were periods of a tremendous bear market, The world was coming to an end in the mind of many. It was a tough time, It seemed any stock anyone bought any stock, enormous losses followed,

I had made friends with someone else’s client, whose name was Frank. He was an old guy who set in the board room day after day watching the market. His own broker, thought of him as a pest.

One day as the market was crashing to its final low, Frank, handed his broker a list of stocks and said, “buy these.” He kept buying for about 30 days. I asked Frank what type of upside target he was looking for. Frank answered saying, none, I only buy, I never sell, I lost touch with Frank, but I can’t imagine how much money those stocks were eventually worth.

 


Anyone who accumulates stocks throughout their lifetime is going to make huge profits. On the chart above, it is easy to see that it is best to buy at the bottom of a bear market. About every 40 or so years, the market resets. It is best not to begin one of these programs at the top of a stock market bubble.

That being said, regularly buy stocks over time, Even random selections, if made consistently will pay off over time. The approach I teach is to consistently add positions off of the new high list. Stocks that rise parabolically are on that list Buying off the new high list optimizes your chance of owning true winners and goes a long ways towards, eliminating those which fall short.

Do not over analyze your selections.  Basic fundamentals are fine. You can’t get enough information to make much difference. Instead, ask some simple questions like. Doe this company have genuine utility to society? Could one of their products end up being a part of society? Make up your own questions.

I am 75 and have been trading since I was 19. I have never known a case where this system has been tried without generating Stellar results.


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Remember the Stock Market

In May 2021, I published the following article.
The Stock Market Is All There Is

The essence is that when the stock market collapses, the economy is over. I am posting the link, because there is no point in my re-writing the article. The fact is that for the last 40+ years, the stock market has been driving the economy higher, rather than it being the other way around as would be normal. As long as asset prices move higher, GDP rises. Great idea, but unfortunately central planning always destroys, even if it takes years for the damage to accumulate. Well, the damage has accumulated beyond the point of no return. Keynes, commented to this kind of logic by stating that “in the long run we will all be dead”. Keynes is now dead as are his cohorts.  Those of us who are still alive are experiencing the adverse effects of Keynes’s policies, of which his critics were warning.

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An Early Goodbye

An Early Goodbye. PDF Version

Who knows what the future holds? It is no secret that I have been extremely sick for at least 6 years. I am at the point where mortality is seriously knocking at my door. Back in 2022, after my original site was purposefully destroyed, I restarted it under the jamesquillian.com URL and began a second one fantasyfreeadvantage.com.. At that point, I promised a loyal reader, that I would continue posting, even if only he, and my family ever read it. Today, neither blog has achieved the level of vibrancy it had prior to being purposefully destroyed, However, my comeback has been substantial, so i am happy I have followed the path I have.

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Theft by Stimulus

Theft by Stimulus PDF Version

I used to joke about visiting prisons to teach thieves legal ways to steal money. That way they wouldn’t get locked up again and taxpayers would not have to support them behind bars.

Economic stimulus is a euphemistic term for theft. To know this, it is not necessary to go through volumes and volumes of  economic dogma. Any theory or approach that is used by government to stimulate the economy can be debunked in a few sentences without even knowing the specifics of the dogma being used. The current round of theft began after Reagan took office in 1980. The United States has experienced at least thirty seven consecutive years one kind of stimulus or another.

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