What’s astonishing about the wild fluctuations of the stock market this week is that people (the so-called experts) think it is not a sign that something is wrong with the system and that the Economic Democracy Act isn’t necessary:
• Come, Thou Long-Awaited Rate Cut. It is anticipated that the “long awaited rate cut” by the Federal Reserve” will “open up the jawb market.” First, of course, there is that interesting concept of a jawb market. Exactly how does that work? Do you go down to the jawb market and order six of one and half a dozen of another type of jawb? Then there is the idea that having a jawb is the only legitimate way of gaining an income. The alternative is to become a government dependent directly, instead of indirectly via jawb creation. Should we get into whether the Federal Reserve should be manipulating interest rates, in Keynesian economics the “price of money.” These questions and more could easily be answered by adopting the Economic Democracy Act.
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| Henry "I Don't Have to Pay No Stinkin' Dividends" Ford |
• Nikkei Plunges and Recovers. The Japanese stock market plunged, then recovered. Everyone panicked, then relaxed. No one seems to remember that stock market crashes have often been preceded by wide swings in the stock market. They forget (or never knew) that stock prices these days are often not a reflection of the value of the companies the ownership of which they represent. It was bad before Dodge v. Ford Motor Company (204 Mich 459; 170 NW 668 (1919)), but it is totally bizarre today. How to solve it? Adopt the Economic Democracy Act.
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| "I don't know, but listen to me, anyway." |
• Working Class Prediction. This has to be the prize-winning news item of the week. An economist made predictions of how “the working class” would fare if J.D. Vance becomes Vice President (translation: if Trump is re-elected). Why is this a prize-winner? The economist began by stating, “It’s impossible to know what life would be like for working class Americans under Vance as vice president.” She then proceeded to predict all the bad things that would happen. Here’s the surprise: they’ll happen regardless of who is elected Vice President. It’s the way the system is currently structured. The solution? Adopt the Economic Democracy Act and we can ask how the owning class would fare.
• Another Non-News Item. This one almost got to be the prize-winning news item of the week. A professional gambler (i.e., stock market analyst or economist) said the recent stock market fluctuations are “about more than weak economic data.” Gosh. Do you suppose it could be about the way the system is arranged that allows gambling to run the financial markets rather than data or results. That is the idea behind the Economic Democracy Act.
• The R-Word (Again). Economists’ and politicians’ fun with what Keynes called “re-editing the dictionary” to manipulate the economy to maintain the political status quo continues. The so-called experts are once again worried that the U.S. economy is about to fall into a “recession,” which is the word they came up with to replace the scary word “depression.” What’s the difference? There isn’t one. It’s all in how you manipulate the definitions of your metrics and measurements. That’s the whole deal of Keynesian economics, which is directed toward maintaining the status quo of power and wealth. That is why the Economic Democracy Act is the most dangerous things to those concerned with keeping things exactly the way they are.
• It’s the Fed’s Fault (Again). The experts are expressing a degree of unanimity unequaled since the last time there was someone else to blame for their mistakes. It seems it’s the Federal Reserve’s fault that we are on the verge of a recession because they won’t do what the gamblers and those who rely on them want them to do. News flash: it’s not the Federal Reserve’s fault. It’s the fault of those who have been misusing the Federal Reserve and the rest of the financial system since it’s inception. The answer? Adopt the Economic Democracy Act.
• Greater Reset “Book Trailers”. We have produced two ninety-second “Book Trailers” for distribution (by whoever wants to distribute them), essentially minute and a half commercials for The Greater Reset. There are two versions of the videos, one for “general audiences” and the other for “Catholic audiences”. Take your pick.
• The Greater Reset. CESJ’s book by members of CESJ’s core group, The Greater Reset: Reclaiming Personal Sovereignty Under Natural Law is, of course, available from the publisher, TAN Books, an imprint of Saint Benedict Press, and has already gotten a top review on that website. It can also be obtained from Barnes and Noble, as well as Amazon, or by special order from your local “bricks and mortar” bookstore. The Greater Reset is the only book of which we’re aware on “the Great Reset” that presents an alternative instead of simply warning of the dangers inherent in a proposal that is contrary to natural law. It describes reality, rather than a Keynesian fantasy world. Please note that The Greater Reset is NOT a CESJ publication as such, and enquiries about quantity discounts and wholesale orders for resale must be sent to the publisher, Saint Benedict Press, NOT to CESJ.
• Economic Personalism Landing Page. A landing page for CESJ’s latest publication, Economic Personalism: Property, Power and Justice for Every Person, has been created and can be accessed by clicking on this link. Everyone is encouraged to visit the page and send the link out to their networks.
• Economic Personalism. When you purchase a copy of Economic Personalism: Property, Power and Justice for Every Person, be sure you post a review after you’ve read it. It is available on both Amazon and Barnes and Noble at the cover price of $10 per copy. You can also download the free copy in .pdf available from the CESJ website. If you’d like to order in bulk (i.e., ten or more copies) at the wholesale price, send an email to publications@cesj.org for details. CESJ members get a $2 rebate per copy on submission of proof of purchase. Wholesale case lots of 52 copies are available at $350, plus shipping (whole case lots ONLY). Prices are in U.S. dollars.
• Sensus Fidelium Videos, Update. CESJ’s series of videos for Sensus Fidelium are doing very well, with over 155,000 total views. The latest Sensus Fidelium video is “The Five Levers of Change.” The video is part of the series on the book, Economic Personalism. The latest completed series on “the Great Reset” can be found on the “Playlist” for the series. The previous series of sixteen videos on socialism is available by clicking on the link: “Socialism, Modernism, and the New Age,” along with some book reviews and other selected topics. For “interfaith” presentations to a Catholic audience they’ve proved to be popular, edging up to 150,000 views to date. They aren’t really “Just Third Way videos,” but they do incorporate a Just Third Way perspective. You can access the playlist for the entire series. The point of the videos is to explain how socialism and socialist assumptions got such a stranglehold on the understanding of the role of the State and thus the interpretation of Catholic social teaching, and even the way non-Catholics and even non-Christians understand the roles of Church, State, and Family, and the human persons place in society.
Those are the happenings for this week, at least those that we know about. If you have an accomplishment that you think should be listed, send us a note about it at mgreaney [at] cesj [dot] org, and well see that it gets into the next “issue.” Due to imprudent and intemperate language on the part of some commentators, we removed temptation and disabled comments.
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