Christians celebrate this as “Holy Week,” but it also applies to everyone else if you’re talking about the economy and the world situation as “Wholly Weak.” Of course, if people wanted to turn things around, they could start demanding the Economic Democracy Act, and it’s still not too late:
• The Usual Economic Paradox. Perhaps it should surprise no one but the experts, but under Keynesian economics it is not unusual to have an economy in ruins and a rising stock market. This is because the real economy runs on the production, distribution, and consumption of marketable goods and services, while today’s stock market runs on the production, distribution, and consumption of money and credit. Since Keynesian economics is based on what used to be called “magic” — the belief that the symbol is the thing and that you can change the thing by manipulating its symbol — and real magicians seem to be somewhat scarce these days, it is only to be expected that the stock market shows results that indicate a thriving economy, when reality is very much different. Of course, adopting the Economic Democracy Act would put the primary economy of marketable goods and services and the secondary economy of symbols back in their proper places, but the experts haven’t figured that out yet.
|Yes . . . but it's all on paper . . .|
• Another Dire Dollar Warning. Despite the prevalence of magical thinking among the experts, once in a while some of them realize that not everything is the way it should be. There is Breitbart’s John Carney, who thinks the U.S. Dollar may be in trouble after almost a century of government manipulation. News flash: the dollar may be the strongest world currency (arguably), but being the strongest weakling in a world of weaklings does not make it actually strong. It only mean’s it’s the least weakest. Adopting the Economic Democracy Act would go a long way toward solving the problem, but nobody seems to think of that.
Other Warnings? Mohamed el Erian, and of course “Powell’s Curve,” are also evidently flashing warning signals, as if the reality around them wasn’t already doing so. Naturally, even the experts who claim to see the writing on the wall advocate the same things that have been tried and failed before, although the common sense of the Economic Democracy Act. would do a lot to correct matters.
• European Economic Woes. Given that the real world religion is Keynesianism, the fact that the European economy is deteriorating as consumer and citizen demands keep rising and governments keep insisting on failed Keynesian solutions should surprise no one — but it does. Frankly, money manipulation can only carry things so long before the bubble bursts and things come crashing down. Of course, implementing the Economic Democracy Act would get things back on course, but nobody is thinking about that.
|You don't think it's could get out of hand, do you?|
• Attack of the Killer Canadian Pigs. If the feral pig problem in the United States wasn’t bad enough, the country is now facing an invasion by killer Canadian pigs. We’re not exactly sure why the respective governments just don’t lift all hunting restrictions on wild pigs. Hunters managed to get rid of millions of buffalo in a couple of decades, so pigs can’t be that much more difficult, especially with modern technology and lots of hungry people. The fact that China may still be having a pork shortage suggests that maybe it would be profitable to sell hunting trips to crazy rich Asians and let them slaughter all they want at $10,000 per head or something. Maybe it could even create a positive balance of payments — there are a LOT of feral pigs. Pig safaris might be another option.
|The economy is under control|
• Sorry Swiss. Credit Suisse is very, very, very sorry for cheating its shareholders by engaging in shady financial deals.
• The “Everything Problem”. The experts are starting to see that “everything” is wrong with the U.S. economy . . . but still fail to question their basic assumptions. The situation is like someone who keeps hitting himself on the head with a hammer and is willing to do anything to stop the pain except stop hitting himself on the head with a hammer. And why not try the Economic Democracy Act? Because it’s not Keynesian, of course, and without Keynesianism, the world wouldn’t be in the shape it is today . . . oh, wait. . .
|There is absolutely nothing to worry about.|
• The Wobbly Economy. In another surreal analysis, the fact that the artificially maintained stock market is starting to slow down is telling the so-called experts that the economy might not be hunky-dory. The Economic Democracy Act would solve the problem, although then we’d have other problems . . . like finding enough bad news to report.
• Better Balance Sought. In light of the information coming how of the “jobs market” the Federal Reserve is seeking a “better balance” between bad and worse. The presumed Keynesian tradeoff between inflation and employment — which only exists because Keynes declared that inflation wasn’t “real” until after full employment has been reached — has dictated economic policy since the end of World War II and means that the twin goals of reaching full employment and keeping down inflation are impossible because contradictory. All this contradictory juggling would be unnecessary if the Economic Democracy Act was enacted, but then they’d have more good news to report, and good news is bad news.
|You really got my got!|
• California Gets Her Goat. Just when you thought it couldn’t get any worse, a little girl in California has been criminally prosecuted for trying to get out of a contract to sell her pet goat to be slaughtered. Forget about all that garbage about contracts coming under civil, not criminal law and contracts being voidable at the will of a minor. A state representative bought the goat at auction and he will only be satisfied by bringing the full force of law and the might of the state to bring a nine-year-old girl to justice for the ultimate crime of preventing his barbecue.
• The Old Grind Not So Bad? Many of the workers who quit their dull and boring jobs during the COVID pandemic are now wishing they had them back again. You know what we’re going to say. If we had the Economic Democracy Act, people would not worry about gaining sufficient income to live as they wanted.
• Greater Reset “Book Trailers”. We have produced two ninety-second “Book Trailers” for distribution (by whoever wants to distribute them), essentially a 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 new 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 email@example.com 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.
• Blog Readership. We have had visitors from 20 different countries and 39 states, provinces, and territories in the United States and Canada to this blog over the past week. Most visitors are from the United States, India, Brazil, Canada, and France. The most popular postings this past week in descending order were “Binary Banking Theory, V: Fractional Reserve Banking,” “News from the Network, Vol. 16, No. 13,” “Social Justice IV: The Characteristics of Social Justice,” “Thomas Hobbes on Private Property,” and “America’s Kryptonite.”
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.