On Top Of The Stock Market Crash

With the stock market collapsing more today, this is a great day for me with respect to my investments. As I have written previously, I have been aggressively taking out short positions for over a year in anticipating a severe economic depression. I am absolutely sure all financial assets are going to plummet. While my investing approach may seem extreme, I feel completely safe with it. I am already ahead almost 50% for the year.
So, where do I get my confidence? I know for a fact that human beings do not just behave like herd animals. Human beings actually are herd animals. From birth we are all trained to be members of herds and sub herds. All through school, children are encouraged to establish all sorts of arbitrary loyalties. By the time kids are grown, individual thought is all but extinguished. None of this is done consciously. It is all instinctive behavior. Humans both deny acting on instinct and are unaware they are doing so. Only a handful of others and I have enough awareness to see that society is governed by herd dynamics and not individuals reasoning individually. Am I happy knowing that I am a herd animal? No, but I am not going to let that stand in the way of my making a profit.
Other analysts believe policy decisions are made using reason and intellect. I correctly study human behavior in terms if herd dynamics. For example, I know when the Federal Reserve makes a decision; it is always based on compulsions that are dictated by herd instinct.
Lonestar Card Lonestar Card is a song I wrote and recorded as Curbside Jimmy a number of years back with the Curbside Jug Band. If you listen very carefully to the bass, you will discover that it is a Jug. The jug was played by the late Gator Ron Ramey, who was the probably best jug player who ever lived. The the jug is prominent at the very end of the song. Lonestar Card celebrates the welfare system in Texas of which so many Texans are very proud.

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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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