It is going to get crazy

The billionaires club is not completely about making money and rigging markets. Unreformed economics only recognizes the profit motive as an incentive. Power is a stand alone incentive. Power is easily turned into profit and profit is easily turned into power. In quantum physics light can either be a wave or a particle. Light is a wave when no one is observing and a particle if its activities are being observed. Profit and power have a similar relationship. When talking about billions of dollars, it is hard to have one without the other.

In today’s world, it is hard to become a billionaire without enough power to control government. There is nothing better for guaranteeing a long flow of accelerated income than enough political power to use government to force the general population to buy a product of service.

Power is never given up voluntarily. In coming days absolutely no effort or technique will be spared. Expect the use of force because it is likely to be used. Those who are above the law will use their positions as long as they are in fact still above the law.  After that they will use ever tool they can come up with because they have no limits.

There are signs the establishment is falling apart. The faster the financial markets reset, the greater is the chance the country will survive. Americans actually are resourceful when they control their own time and energy.

From the top, expect the things criminals are likely to do, including assignations, starting wars and economic terror. Do you remember the days before TARP? The public was literally scared into cooperation, and pretty much became docile. Efforts to control access to information and public opinion will be ongoing and relentless.

From the bottom expect civil disobedience, riots and antisocial behavior. Do not expect anything intellectual out of the public. There is not enough capacity in that respect to be helpful. Even college educated Americans are ignorant of anything meaningful. Stupidity is as thick as gray paint on a WWI battleship. Americans won’t know what hit them and will act like a bunch of yellow jackets after their nest has been hit with a stick.

As of today, Americans in general are messiah seeking, thinking the presidential candidates really do love them and thinking of them as special. The candidates have their own agendas which are unrelated to the wants and needs of their constituents.

The best the public will do in this situation is trade masters. The public will find a new master. The billionaires club will regroup. The public will serve both.

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.
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