Stock Market Scheme of Things 2/10/25 Through Spring/Summer PDF
Last February I posted the following. It has been my most read article for 2023 and right on the money as to content.
Stock Market Scheme of Things 02/23/2024 Thru Spring
Here it is February again so here we go again. For years I have been posting the same images, showing a reoccurring pattern that only a totally manipulated market could generate.
Views: 2
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.
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Living in the Presence of Evil.PDF Version
Before reading, it might be good to examine the definition of evil – as the word is used in common language , as well as some more sophisticated thoughts on the subject by Scott Beck who is the well – known author of “The Road Less Traveled.”
Merriam Webster- Definition of Evil.
Dr. Scott Peck, Psychiatrist On Causes of Evil
Mostly in this blog, I discuss economics, politics and natural law – in terms of how it applies to these subject areas. I am not a prophet or an avatar. However, I am a mystic. My method is not to rely only on things that can be seen , touched, felt and watched. I heavily consider influences we can’t see. One time I heard a man give an answer when asked what made him certain that there was a spiritual world. His reply was, “I can feel the presence of guidance and influence that is outside the physical realm.” Most people can accept that they don’t know they can. Replacing what is real in life with fantasy diminishes one’s ability to interact with the cosmos, so to speak. This is not the same as clairvoyance, for which I have no solid insight. Continue reading
Views: 59
New Dynamics Corporate America.PDF Version
Early in life, most Americans remember the phrase, “the consumer is king.”. This concept began to change in the 1950s. John Kenneth Galbraith, in his book The Affluent Society. coined the term “conventional wisdom”. He explained how what is perceived to be true continues to be deemed to be true long after it is no longer true. Conventional wisdom is that the consumer is king. The consumer is no longer king in the U.S. economy.
In the fifties, Galbraith noticed a change. Sophisticated advertising techniques developed. Demand for goods and services, which had previously sprung up in the hearts of buyers was taking a back seat. Corporations were then creating demand for their products and services by virtue of increasingly sophisticated advertising. The 1950s were only the beginning of the practice of manipulating the public mindset Continue reading
Views: 709
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.
Views: 27
There is no reason to enslave Americans. Why? Americans are the world’s most prolific consumers and for the most part docile to a fault. In today’s society hurting someone’s feelings often brings greater consequences than armed robbery.
Freedom should not be taken for granted however. Your freedom depends upon you maintaining your propensity to spend. Notice what happens when Americans show signs of spending less. A law is passed to force them to buy products or services. Or, interest rates are kept so low that no return on savings is possible. The best option then is to spend since rates are so low. Borrowing and spending seem reasonable. War is another option.
Americans are safe from slavery as long as they are valued highly as consumers. If consumer spending declines watch out because your value as a slave increases relative to your value as a consumer.
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Is human nature good or evil? For the purpose of studying economics it doesn’t matter. All we need to do is observe behavior without putting a value on it in terms of good or bad. How can we expect people to behave in the economic arena? To find this out we have to observe them and what we see will be correct. Living things are self serving and this allows them to survive. Human beings are no exception.
Public policy ends up being based on the way we would like others to behave and ignores the fact that each person will be self serving no matter what. Another way to look at this is that each individual sees himself as special but expects those in the public eye to act selflessly. It doesn’t work that way. It never has and never will. Why do so many laws work to the determent to the individual? Obama Care is a good example because the lobbyists who wrote the bill were self serving just as they should be expected to be.
Those who are grounded in religion should not be offended at this approach. Economics is the study of secular world behavior. Profits, messiahs and avatars offer an alternative.
From Mark 12:17
“”Then Jesus said to them, “Give back to Caesar what is Caesar’s and to God what is God’s.” And they were amazed at him.””
This statement is too often taken to serve as a justification for taxing citizens in a a country until they cannot see. What it really means is that the spiritual world is completely non-attached to the secular world. Economics studies behavior as it occurs in the secular world and within the laws of dominance and subservience.
Religion offers an escape form the system. Personally I have accepted the offer but that doesn’t change the nature of the secular world.
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