Happiness is Getting Robbed Blind

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Guns001-Casey You save money and you get no interest because the Federal Reserve is giving unlimited amounts of free money to international banks. Who needs to pay you 5% to borrow the money you struggled to accumulate? Then they will get your principle because you have been herded into IRAs. Stocks are a big part of IRAs. When the stock market collapses, IRA holders will be the last to sell because they will not want to pay any penalties involved. Then when banks start failing government won’t be able to fund the FDIC. Savers will be given stock in the failing bank instead. Why? That will be deemed the only solution possible.

There you have it. It will work out just like our old joke from the 70s. Wow, and back then it was only a joke.

Today Americans have the highest self esteem of any group of people in history with the possible exception to the Nazi’s prior two and during the first years of WWII. Those of us who have studied natural law understand that unreasonably high self esteem turns people into slaves to anyone who knows how to manage how they feel about themslves. What is a feel good mechanism to one person is a behavior management tool someone else.

Americans do not mind losing money on their investments as long the loss occurs on the advice of an expert. When the collapse comes, don’t be surprised at folks when they take the attitude that Bernanke, Yellen and Powell did their best but it was just more than they could handle. As losses accumulate,it may very well be “We know you tried. Thanks for your service.”

The truth is that there never has been a chance of Fed policy doing anything but rob the poor and give their money to the rich. Since the incipient days of central economic planning when it was mandated in the Full Employment Act of 1978, wealth and income has been steadily transferred from the bottom of the food chain to the top.

But, who cares. Americans will still have their self esteem.

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

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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.
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