The Secret of Immense Wealth
Divesting for unlimited riches and
success
By David L. Hunter
Published by Local Group
Copyright © 2003
· Foreword
· Crack-up Boom!
· The Secret behind Wall Street
· What have they done to Humanity?
· Magic Numbers
· Divest rather than Invest
· The Missing Piece
· Pressing the Button
· Business Manifesto
· Surround Yourself with Crocodiles
· Now is the Time
·
References
Foreword
The
Secret of Immense Wealth reveals how you can escape losses and death by
divesting from the earthbound world. You will learn relevant facts about the
earthbound world so you will know exactly what to divest from and what to
retain. The Secret of Immense Wealth
provides you with this information in a clear and concise form. The best way to
profit from The Secret is to read it
carefully from start to finish at least once. This is because later knowledge
is dependent on earlier knowledge. Once you read and fully understand The Secret, you will know how to move
into an exciting future of secure riches.
Crack-up Boom!
The evolution of money has not fully
played out its course. Money as a medium of exchange has evolved from several
commodities to just two. Historically speaking, various commodities were used
as money including beads, shells, hoes, tobacco and so on. Throughout the
millennia citizens functioning in the marketplace have chosen gold and silver
as the two primary forms of money. This is due to the superior qualities of gold
and silver compared to all other money commodities. Gold and silver are highly
desirable, durable, divisible and portable.
These two forms of money would have
competed with each other until one or the other won out to become the sole
money commodity. However, this has not happened due to State intervention in
the marketplace. The State, meaning the political power of government, has
interdicted the natural market process of the evolution of money. In 1913, the
At this point the US dollar became 100%
fiat currency, meaning it is simply paper tickets redeemable in paper tickets.
The State-banking establishment was able to counterfeit this currency to a
limited degree since 1913. But going on a 100% fiat standard in 1971 allowed
the government nearly unlimited power to counterfeit money. The only check on
monetary expansion was foreign currency prices. But even this was overcome by
encouraging other nations to expand their money supply through inflationary
measures.
The
The State realized that citizens might
forgo US dollars in favor of a more stable currency. Thus the State enacted legal
tender laws requiring citizens to accept dollars for all debts public and
private. And the State outlawed the use of gold for decades. Fortunately this
ban on gold was repealed.
In essence, the State has replaced a
legitimate free-market currency, i.e., gold, with a worthless paper currency,
i.e., Federal Reserve Notes. The State then confiscated circulating gold from
the citizenry and stashed it in vaults like
A similar pattern has occurred in most
other nations including
People might wonder what is wrong with
a fiat money standard. This is especially true for admirers of John Maynard
Keynes and his successors. Keynesians admit that the long-range prognosis for
fiat money is grim. But they say as did Keynes, “In the long run we’re all
dead.”
A fiat money standard is problematic
for several reasons. First, counterfeiting by the State-banking cabal simply
redistributes wealth. Real wealth does not consist of money; it consists of
goods and services. Simply pumping more dollars into the economy does not
increase real wealth because aggregate goods and services remain unchanged. What
happens is that people who get this counterfeit money first—such as
politicians, government employees, bankers and their allies—can acquire goods
and services at existing prices using this counterfeit money. As the
counterfeit money circulates throughout the economy, the market adjusts to this
worthless paper money by devaluing the dollar, which is reflected in higher
prices for goods and services. So in effect the first people who use this
counterfeit money are subsidized by everyone else who pays higher prices for
goods and services.
Another problem of counterfeit money is
that it finances wasteful ventures such as unprofitable businesses, unsound
stock-market speculations, get-rich-quick schemes and the most destructive
entity of all: the
Regarding the welfare State, its
tremendous growth in
Fiat money is debt money and it has
created a debt Establishment. Millions of Americans are saddled with personal
debt and they go deeper into debt each year to purchase consumable goods. The
American government also is saddled with debt. In fact, fiat money is created
from debt, which means if everyone paid off his or her debt, the fiat money
supply would vanish. That is why the Establishment fears deflation, which is
the contraction of the money supply. It is also the reason why the
Establishment promotes debt in the form of credit cards, debit cards, loans,
mortgages and so on.
Also, fiat money makes business
calculations exceedingly difficult. Entrepreneurs have to make financial
projections to ensure that their present expenditures will be profitable in the
future. This is difficult even with a sound currency that retains its value.
But with the State constantly manipulating the money supply and thus altering
the value of money, entrepreneurs have to predict the future value of money and
prices. In essence, they have to guess what bureaucrats will do. It is
difficult to predict the actions of consumers. But try to predict the actions
of consumers plus government bureaucrats and thus the future value of money and
prices. Market entrepreneurs who succeed in business despite the unnatural
distortions in the money supply and price level are truly heroic.
Finally, State control over money
provides illicit power for the government to dominate political opposition.
Most people who criticize the State utilize government money to finance their
actions. But the State can easily corral its enemies using government agencies
such as the Internal Revenue Service and the Securities and Exchange
Commission. If you fight government tyranny with government money, odds are
good that you will end up in a government penitentiary.
The above conditions arise from State
counterfeiting. This culminates in an unnatural economy that penalizes genuine
producers while rewarding statists and their
supporters. What happens in effect is the State superimposes an artificial
economy over a natural free-market economy. Restrictions, distortions and
misallocations abound. Chaos, unemployment and poverty ensue. Great business
producers are prosecuted while iniquitous State leaders are praised. The
economy continues its rollercoaster ride of ups and downs until a severe market
crash occurs.
Rather than allowing natural
free-market forces to clean up the mess caused by State intervention, the State
counterfeits even more money after a market crash in hopes of alleviating the
financial disaster. But this can lead to hyperinflation whereby the State
counterfeits money at ever-increasing rates. Once the State resorts to
hyperinflation, it continues this process until citizens’ savings are wiped
out, business calculations are impossible, the dollar is worthless and the
citizenry resorts to barter or scrambles to find an alternative currency.
If the above scenario sounds like
hyperbole or it sounds improbable, remember that it has occurred over and over
throughout history. Hyperinflation has devastated many nations including
The Secret behind Wall Street
Wall Street is located in
J. P. Morgan, Paul Warburg and a few
other people worked diligently to establish a central bank in
A secret reason many of Wall Street’s
wealthiest investors—from J. P. Morgan to Warren Buffet—grew rich was due to an
artificially created money supply. This does not mean all successful investors
profit only because of State counterfeiting. But the financial industry as a
whole mushroomed as a result of fiat money, further enriching the better
investors.
Remember that individual savings is the
fuel for economic growth because this finances legitimate business ventures.
When the State-banking cabal inflates the money supply, recipients of this easy
money become wild-eyed with hopes of making a killing in the stock market.
Instead of saving and investing money in sound business ventures, they are
inclined to take risks in hopes of huge payouts. These investors funnel money
into unsound business ventures and hope for a dramatic rise in market
valuation.
When the market finally adjusts itself
from the misallocations caused by fiat money, the unsound and unprofitable
business ventures are eliminated. This happened during the Great Depression of
1929 and more recently when the technology sector collapsed in March 2000. The
bottom line is that investors, entrepreneurs and businesspeople that get caught
up in the euphoria of easy money typically end up broke.
A bull market signifies rising stock
prices while a bear market signifies falling stock prices. A bull market occurs
when there is an increase in the money supply. This increase comes from the
Fed, which pumps counterfeit money into the economy. As stock prices rise, the
owners of inflated stocks enjoy an increased market valuation. They benefit as
the State artificially inflates the money supply. By understanding the Fed’s
actions—i.e., knowing when the Fed is expanding or contracting the money
supply—insightful investors can predict the collapse of the stock market and
liquidate their holdings accordingly. By converting their stocks into
non-depreciating assets such as precious metals, rare collectibles or real
estate, they can survive a market collapse unharmed while ordinary investors
are wiped out.
The secret behind Wall Street is that
State counterfeiting enabled it to mushroom in size beyond what the natural
free market would have allowed. And shrewd investors, especially investors
allied with the Fed, know how to forecast market upsurges and collapses to
profit greatly while averting losses.
This is why people like J. P. Morgan
and his associates survive market collapses while ordinary people lose their
shirt and pants. Morgan and his associates understand the nature of fiat money
and how it affects financial markets. They act on this knowledge to make major
gains while averting major losses. People who lack this knowledge cannot
compete against these financially savvy people. In the world of investing,
ignorance is not bliss.
What have they done to Humanity?
The Fabian Society understood that the
key to converting the world to socialism is gradualism. The Fabians did not try
to foist socialism onto the public all at once. They realized the public would
reject socialism if the public fully understood it. Instead, they gradually
introduced socialism into society. Thus very few people complained or even
understood that socialism was overtaking society.
This same principle of gradualism was
employed by statists worldwide in their drive to
subvert humanity. Statists have gradually transformed
man from a volitional being into a quasi slave animal. They have gradually bred
out competitive individualistic genes while expanding the gene pool of
passivity, conformity and obedience. They have done this using several
techniques.
First, the State has hired social
intellectuals to justify the need for external authorities and centralized
controls. Through repetition, this justification of the State encourages
citizens to forgo self-guidance and self-reliance in favor of relying on the
State and its leadership.
Second, the State has corrupted laws so
much that citizens are not sure which activities are legal and which activities
are illegal. With subjective laws and politicized justice, it becomes hard to
determine if one’s actions are legal or illegal. This provides an incentive for
citizens to seek authorization from authorities before taking action. And this
inherently puts the authorities in a position of power and control over
citizens.
Third, the State has replaced a free
market economy with a welfare State. Government regulation of the economy takes
away decision-making power from entrepreneurs and businesspeople while putting
that power in the hands of politicians and bureaucrats. Citizens have become
pawns of the State and receive directives from a central governing authority.
Citizens are rewarded with special privileges if they follow those directives.
People who disobey the authorities end up broke, in prison or dead.
Fourth, the State has taken over money,
thereby enabling itself to control everyone’s financial moves through
government agencies including the Internal Revenue Service and the Securities
and Exchange Commission. State control of money enables government bureaucrats
to monitor citizens’ activities and direct their actions by manipulating the
tax code. Citizens who attempt to fight the State using government money end up
in prison or worse.
Fifth, the State has taken over
education and made it compulsory for everyone. It should be no surprise that
everyone must learn the State’s version of truth, history, the social sciences
and more. This is a shrewd move because the State seizes children while they
are young and indoctrinates them until adulthood. After all those years of
State indoctrination, most citizens unknowingly serve the State. They simply do
not know any other way of life.
Sixth, the State considers itself to be
the rightful owner of each citizen’s life and can thereby dispose of each
citizen as it sees fit. For example, the State has sent young men and women to
fight and die in wars started by the State. Also, the State forces citizens
into numerous compulsory acts. These include filling out census forms, filling
out tax forms, submitting tax payments, being a court witness, serving on a
jury, wearing seatbelts, enduring a twelve-year sentence of compulsory
education and more.
Seventh, the State taxes the citizenry
directly and indirectly. This gives citizens no choice whether they want to
support the State or not. The State taxes all citizens directly in the form of a panoply of taxation: income tax, sales tax, capital gains
tax, payroll tax, corporate tax, luxury tax, gas tax, alcohol tax, tobacco tax,
property tax, inheritance tax and more. The State indirectly taxes all citizens
by counterfeiting money. This in essence enables the State to purchase whatever
it wants while citizens pay for this in the form of higher prices of goods and
services. Politicians cleverly point a finger at “greedy” businesspeople for
raising their prices. Meanwhile those politicians quietly counterfeit money by
the trillions of dollars or pounds or marks or francs or yen.
All these actions by the State converge
to displace individual volition and personal initiative with subservience and
the quest for authorization. The milieu is such that people are rewarded for
being sacrificial animals while they are penalized for self-directed action.
This is reinforced by public opinion, which condemns the successful independent
person like Michael Milken or Martha Stewart as
criminally baneful while praising political value destroyers like Rudolph
Giuliani or James B. Comey as heroic protectors of
the populace.
The means are many; the end is
singular. Man the volitional, conceptual being has gradually transmogrified
into a quasi serf animal that exists to serve the State. Sadly, most people are
not aware of this situation. That is the metaphorical message interwoven
throughout The Matrix movie: breakout or you will perish in the
State-controlled matrix.
Magic Numbers
Ultimately there is no escaping the law
of cause and effect. This law can be temporarily circumvented by coercive acts
of the State, but reality always asserts itself. In the case of State
subversion of money and humanity, there will be an effect. We have already seen
a prelude to the result of State meddling: a collapsed stock market and
depressed economy along with the partial collapse of
The first date to observe is 2010. This
is the estimated date when a crack-up boom of money will occur. State
counterfeit money will be recognized for what it is: worthless. And the
inherent insolvency of the State will be known by the general public. This will
drive the citizenry to embrace a sound, specie-backed currency such as the
Liberty Dollar or a competing currency to replace today’s worthless Federal
Reserve Notes.
An analysis of the factors contributing
to the imminent market collapse and crack-up boom is available in a Local Group
publication titled Extreme Investing.
That publication reveals events and dates with as much specificity as possible
for long-range predictions. The point is not to focus on exact dates far out
into the future but to focus on events and trends along with their underlying
causes. As new information becomes available regarding the pending monetary
crises, readers can adjust the estimated dates.
Having general knowledge of the future
is helpful in establishing a framework for investing and business calculations.
It can also help you avoid severe losses in the event of bankruptcies, bank
runs and the meltdown of money. Knowing how and when to transfer money into
tangible assets and back into money can help you retain your wealth during a
severe economic crisis.
The second date to observe is 2013.
This is the estimated date of recovery from the economic collapse. Survival
pressures will drive each citizen to shake off the evils of statism.
Each citizen will independently breakout of a serf mode and break into a
self-guidance mode. The insanity of central ruling authorities will be seen for
what it is: ludicrous. This will occur not due to scholarly treatises or
eloquent orators. This will occur as each citizen struggles with financial
survival.
At this point the corpus of regulatory
laws and politicized justice will become ineffectual. Citizens will become like
pioneers who take control of their own destiny rather than looking to external
authorities for guidance and survival. Realizing that external authorities have
bankrupted the economy and society, individual citizens will recapture the
spirit of early
But again, the exact dates are not as
important as the general trends. By understanding historical and current
trends, you can know in principle future trends. Barring an unprecedented event
in the future, we will witness past and present trends continuing into the
future. And roughly one decade from now—around 2013—we could witness a
fundamentally different society: a free-market economy utilizing specie-backed
currency and sound banking practices.
Divest rather than Invest
If the above predictions unsettle you, there
is something you can do to avert the pending disaster. What can you do? You can
divest rather than invest. What exactly does this mean?
Starting today you can divest from the
earthbound world rather than invest in it. The natural tendency when mired in
today’s culture is to invest in the earthbound world. After all, this is the
only civilization that exists on earth. People can easily rationalize
supporting the government, becoming buddies with politicians, befriending
government bureaucrats, joining the bevy of fiat money recipients, lobbying for
special privileges and seeking government subsidies. Millions of people become
wealthy this way, so why not you too?
By now you know the underlying dynamics
of the earthbound world. More importantly, you know the future of those
irrational dynamics—a grim future to be sure. At best there will be a financial
meltdown. At worst there will be an East-West nuclear cataclysm that converts
billions of people to dust.
Whatever the outcome, you can avert the
guaranteed losses by divesting from the earthbound world. You can bypass
negative consequences that will result from State intervention during the
twentieth century. Divesting from the earthbound world is the key to physical,
psychological, financial and material well-being.
As explained in The Next Phase publication, you do not need to give up everything.
While many things on earth belong to the earthbound world, not everything does.
Only irrational elements on earth belong to the earthbound world. Those irrational
elements include cowardice, hypocrisy, dishonesty, mysticism, subjective laws,
biased justice, fiat money, statism, coercion,
initiatory force and value destruction. Divesting from these and other
irrational elements will enable you to avoid the coming wave of destruction. In
contrast, the supremely rational elements on earth include courage, integrity,
honesty, reason, reality, objective laws, valid justice, specie-backed
currency, laissez-faire capitalism, principled businesses, hard sciences, mathematics,
tonal music, heroic literature and romantic love. These are eternal and can be
embraced for your permanent benefit and the benefit of your loved ones.
Identifying which elements are rational
and which elements are irrational will help you survive this transitional
period of history. You can jettison irrational elements while embracing
rational elements and incorporate them into your life. The more you do this—the
more you integrate with factual reality—the stronger you will become as a
person and the more secure your life will be. You will in effect put nature’s
survival mechanism to work for you—always enhancing your power, prosperity,
health, love and happiness.
The Missing Piece
Most people are willing to accept
incremental improvements that are introduced into society. Small-scale
improvements do not threaten anyone; nor do they threaten the established
worldview. Conventional approaches to
politics, economics, business and other endeavors can carryon with minimal
interruption. Almost no one complains about small improvements because these do
not threaten anyone. In fact, most people knowingly benefit from incremental
improvements in communication, transportation, commerce, construction, medicine
and so on.
However, when an all-encompassing new
paradigm is introduced into society, it will encounter tremendous resistance. A
fundamentally new approach implies pervasive change and consequently people
feel threatened. This is because most people perceive change to be difficult,
unsettling and risky. In reality, a totally new paradigm does threaten the
established worldview and accustomed practices. Most people will instinctively
fight the new paradigm because they fear losing their familiar routine and
status in the existing paradigm. As history has shown, people would rather bury
the new paradigm and ostracize its originator than accept and implement the new
paradigm.
The crucial factor that determines if a
new paradigm will get implemented or abandoned is independent confirmation. If
for instance someone presents a new paradigm to the world and no one
independently investigates and confirms it, that new paradigm will languish in
obscurity—possibly forever. Yet if someone presents a new paradigm to the world
and at least one other person independently investigates and confirms it, that
new paradigm will overtake the culture, society or civilization—possibly within
a few years. Once again, the crucial factor is independent confirmation.
An example of this can be seen in the
ancient world when it was believed that the earth was stationary and celestial
bodies orbited the earth. Aristotle championed this geocentric concept and
religious thinkers utilized it to justify mystical concepts of Heaven above,
earth in the center and Hell below. In fact, the Church Fathers based Christian
theology on this geocentric cosmology.
Yet Aristarchus
of Samos performed strikingly original mathematical
calculations and determined that the Sun does not revolve around the earth; the
earth and planets revolve around the Sun. Aristarchus’
claim profoundly clashed with the established worldview of antiquity. Not
surprisingly, Aristarchus was banished from society
and his cosmological discoveries were destroyed.
That would have been the end of the
story for Aristarchus and his heliocentric cosmology.
As long as no one else investigated his work and independently confirmed its
validity, his work would have remained unknown to the world. And in fact, his
heliocentric cosmology remained unknown for 1700 years. The only surviving
remnant of Aristarchus’ brilliant work is an excerpt
contained in Archimedes’ book The Sand-Reckoner,
which Copernicus read. Copernicus went ahead and investigated Aristarchus’ heliocentric concept and was able to
independently confirm its validity.
This independent confirmation of Aristarchus’ cosmology revolutionized western civilization.
This act of confirmation was so powerful that the mighty Roman Catholic Church
lost its monopoly of power over western civilization. Church authorities
persecuted anyone suspected of promulgating the heliocentric concept. They
banned and burned books that espoused the heliocentric concept. Yet Copernicus
confirmed Aristarchus’ valid cosmology and nothing
henceforth could stop it.
The result was sweeping change
throughout western civilization. The Roman Catholic Church lost its mystical
grip over humanity, the cumbersome Ptolemaic system collapsed and the West
moved into the Age of Enlightenment. Aristarchus needed
Copernicus to ensure that his brilliant discovery would sweep planet earth. Aristarchus’ genius opened up the entire universe to
mankind and Copernicus played a vital role.
Another example of confirmation can be
seen in the life of Isaac Newton. His discoveries in mathematics and physics
are outstanding. He quietly discovered the mechanics of the universe including
the force that keeps everything together. And like Aristarchus,
he backed up his assertions with mathematical proofs.
Then in 1682 Edmond Halley visited
Isaac Newton to inquire about elliptical orbits. Halley had been unable to
prove the existence of elliptical orbits, so he asked
Halley asked to see
The publication of the Principia
fundamentally changed the scientific worldview.
A contemporary example of confirmation
can be seen with Neo-Tech. The Neo-Tech matrix has been under development since
the 1970s and came into fruition in the 1980s. It gave birth to Zonpower in the 1990s yet today in 2003 the Neo-Tech/Zon paradigm has still not taken root in society. And in
fact it will not take root in society until someone independently investigates
and confirms the validity of Neo-Tech/Zon.
The Neo-Tech/Zon
paradigm is radically different from the universally accepted worldview. Thus
the public ignored it and its founder was imprisoned. Moreover, the authorities
destroyed the original Neo-Tech publishing company. Like Aristarchus,
that should have been the end of the story for Neo-Tech.
However, in the 1990s an obscure
organization named Local Group began researching Neo-Tech and Zonpower. After years of extensive research and testing,
Local Group has independently confirmed the validity and value of Neo-Tech/Zon. That independent confirmation is clarified in a July
2003 publication titled The Next Phase. And that independent
confirmation is the missing piece of the Neo-Tech/Zon
puzzle. Without that missing piece, Neo-Tech/Zon
could not be fully implemented on planet earth.
Now that Local Group has independently
confirmed the validity and value of the Neo-Tech discoveries, they will sweep
the world. Neo-Tech/Zon will replace mysticism with
reality, poverty with prosperity and human death with human immortality. That
clean-sweep action can happen quickly—possibly within a few years.
Having thousands or millions of
enthusiastic Neo-Tech adherents is not enough to secure the Neo-Tech/Zonpower revolution. What is needed is confirmation of
Neo-Tech/Zon by an independent agent. Local Group is
that independent agent. And with Local Group’s independent confirmation of
Neo-Tech, all the fists and guns and jails on earth cannot stop the clean-sweep
riches guaranteed by Neo-Tech/Zon.
For example, on
Jackbooted thugs were commissioned to
freeze bank accounts, put a lien on deeds and confiscate movable property—all
the while stepping on the face of the Local Group founder. After that, those
thugs planned to imprison him for tax “crimes”. That of course would have been
the end of Local Group…and possibly Neo-Tech.
Knowing what was at stake, Local Group
refused to allow the authorities to banish Neo-Tech and Zonpower.
Therefore, Local Group developed and implemented an unorthodox strategy to
ensure it would prevail. This strategy was implemented in 1995 and it stymied
the authorities along with their hired thugs who proved unable to stop Local
Group on
Will Local Group go public with its
findings? Will you meet the founder of Local Group? He was banned from public
speaking since 1996, banned from publishing houses since 1997 and banned from portions
of cyberspace since 1998. You have never seen or heard him before. Will he
finally speak in public? If so, what would he tell you? You do not want to miss
this one.
Pressing the Button
Will Local Group reveal The Next Phase publication to the world?
How will people react to such a bold statement that Neo-Tech has been
independently confirmed?
It matters not what people think or
say; only evidence, facts and proof matter. Can six billion people be wrong?
Yes they can. The great majority of people have always held erroneous beliefs
about life. They believe in unsustainable concepts including a supernatural
being, Heaven, Hell, an afterlife, messiahs, devils, ghosts,
astrology, psychics, UFOs and other mystical claptrap. Billions of people are
continually wrong on many fronts. This is partially their own
fault for unsound thinking and partially the leadership’s fault for subverting
the minds of citizens through compulsory education.
Regardless of people’s beliefs, life on
earth will never be the same. The independent confirmation of Neo-Tech means
breaking the spell of mysticism that has gripped planet earth for the last 3000
years. And by breaking that spell, parasitical rulers can never again assemble
a web of illusions to entrap the masses.
As revealed in a publication titled Freedom for the Masses, everyone will be
free. And with The Next Phase
publication, universal freedom could materialize within the next few years. A
rational, prosperous and safe world is coming.
Whether Local Group releases The Next Phase publicly or privately
does not make much difference. This watershed publication sounds the victory
bell for freedom, prosperity and longevity everywhere on earth. Will Local
Group press the button to release The
Next Phase in cyberspace? Stay tuned…
Business Manifesto
What is a business manifesto? It is a
declaration of the profound virtue of business. It reveals that business is the
singular source of human wealth. Business always has been and always will be
the source of human wealth. Many businesses come and go but the concept of
business is eternal.
Politicians, bureaucrats, lawyers,
social intellectuals, professors, media pundits, environmentalists, socialists
and criminals routinely attack business. These people and their backers often
consider business to be a necessary evil.
The classical economists including Adam
Smith (1723-1790) and David Ricardo (1772-1823) were the first free-market
economic thinkers. Yet they originated the labor theory of value that enabled
later economists to undermine free markets and business. Thinkers including
John Stuart Mill (1806-1873) and Karl Marx (1818-1883) used the labor theory of
value to cripple business. These intellectuals declared that the products of
business should be distributed according to the needs of society as determined
by political leaders. They justified the social distribution of business
production based on the labor theory of value. Not surprisingly, Mill died as a
socialist and Marx died as a communist.
If embraced, Menger’s
economic tenets could have led to a proper free-market economy where business
is free to produce and exchange goods without interference from the State. Thus
business could have uplifted Western civilization to astonishing heights of
prosperity and well-being starting early in the twentieth century. But alas, Menger was ignored and forgotten. His interventionist
opponents won the battle for man’s mind. Socialism, communism and welfare statism prevailed, which prevented the rise of
laissez-faire capitalism.
The few advocates of Menger’s
This manifesto reveals that the State
does not produce wealth. Instead, the State consumes and destroys wealth. The
State is a net drain on business and human life. Everyone could live
prosperously without the State. No one could live prosperously without
business, which is the voluntary production and exchange of goods and services.
How could people live without the State? Contrary to Plato’s political
teachings, citizens do not need leaders operating through fraud and coercion to
rule them. A government constitutionally limited to protecting individual rights
through law courts, police forces and a national military is legitimate.
A self-serving political State is not.
Business is the most efficient provider
of food, clothing, shelter, cars, computers, telephones, televisions, radios,
appliances, medicine, entertainment and so on. Business
keeps everyone alive and it increases the well-being of everyone. Islamic
terrorists, who do not grasp the virtue of business, attacked the
To be sure, not everyone who engages in
business is a saint. People can make mistakes or commit crimes, but that can
happen in government and religion and academia as well as in business. Business
needs to be set free from the shackles of the State. That will happen when the
public finally understands who the real benefactor of society is: business.
Below are ten points that constitute this
Business Manifesto
1. The starting point for business and
the free market is the free mind. Citizens must be free to think and act on
their thoughts. People need to be free in the realm of consciousness before
they can produce in a business capacity. The free mind, free markets and free
businesses are interdependent.
2. All government regulations and
controls need to be abolished. Government regulations arise from spurious
intellectual doctrines originated by Immanuel Kant (1724-1804), Johann Fichte (1762-1814) Georg Hegel
(1770-1831), Karl Marx, Max Weber and their genre. American intellectuals
studied at
3. If someone is defrauded by business,
that person can seek redress. A pretext for regulating business is to prevent
business from harming consumers. Yet no amount of regulatory controls can
prevent wrongdoings. If a person is going to commit a wrongdoing, he will
disregard regulatory controls. Instead of arbitrary regulations that attempt to
prevent business wrongdoings, consumers should take responsibility for their
own actions according to the saying caveat
emptor or “buyer beware”. However, if a consumer is defrauded, he or she
can seek redress from the business or in a court of law.
4. Corruption in business increases in
direct proportion to the amount of regulatory controls that are imposed upon
it. Most citizens and politicians believe the answer to society’s problems is more
government controls. However if that were true, the world would be a safe and
prosperous place by now because there is a plethora of government controls in
place. Yet we are at war, we endure credible terrorist threats and we are in a
prolonged recession marked by high unemployment. More government controls are
not the answer. The answer consists of abolishing government controls so
business is free to produce and exchange goods and services. Everyone will
benefit.
5. Private property, private ownership
of the means of production and the free market are requisites if the populace
is to experience abiding prosperity. There is no circumventing this fact.
Nation after nation throughout the twentieth century has utilized socialism and
communism and welfare statism with dismal results.
Economic stagnation and impoverishment occurs wherever the free market is
suppressed. Those rare times when private ownership of the means of production
was fully implemented marked the greatest productivity and wealth upsurges in
history.
6. Depriving citizens of full private
ownership of the means of production will lead to economic stagnation and the
consumption of the accumulated wealth of civilization. This will culminate in
mass poverty. An inescapable fact of reality reveals that private production is
the prime generator of wealth. If private production is curtailed then
consumption must be curtailed or else consumption will exceed production.
Either case will result in the impoverishment of the populace.
7. Fiat currency such as Federal
Reserve Notes needs to be replaced with specie-backed currency such as money
redeemable in gold or silver. Fiat money facilitates inflation, which makes
business accounting increasingly difficult. Inflation also deters savings while
encouraging reckless spending. Every argument for inflation promulgated by
economists from John Maynard Keynes to John Kenneth Galbraith (1908- ) to Paul Krugman (1953- ) is fallacious and destructive. Inflating
the money supply is tantamount to counterfeiting money, which is harmful if
done by the State or by individual citizens. The results are the same:
increased prices and the destruction of money. A sound, specie-backed currency
that is non-inflatable is a requisite for a free market and a free society.
8. Goods and services comprise real
wealth. Money does not comprise real wealth because money is only a medium of
exchange. Increasing the money supply will not increase the wealth of a nation.
It will merely transfer wealth from genuine producers to people closely aligned
with government. Thus pumping one dollar or one trillion dollars into the
economy will not increase aggregate wealth. However, it will devalue the dollar
while driving up the unit cost of goods and services. Plus it will facilitate the
transfer of goods from people who earned wealth to people who have not.
9. Savings is the cornerstone of
business expansion and economic growth. Savings increases the pool of real
funding that makes possible business formation and expansion. Any act that
punishes savings—such as inflating the money supply—harms capital formation and
business development and thus should be avoided. Too many citizens are lured by
the siren song of unearned wealth. Social intellectuals cleverly advocate
schemes that offer wealth without effort. Politicians and bureaucrats implement
those schemes. Yet the end result is the same: increased statism,
chaos and poverty. There is no escaping the law of cause and effect. Savings
and production is the basis of wealth creation. Anything that deters savings
and production will cripple business and thus reduce real wealth.
10. Genuine business heroes and
heroines including Hetty Green, Jay Gould, John D.
Rockefeller, Henry Ford, J. Paul Getty, Lillian Vernon, Leona Helmsley, Martha Stewart, Bill Gates and Michael Dell
should be praised for their efforts of raising everyone’s standard of living.
These and similar people have unique entrepreneurial abilities that enabled
them to not only uplift their fellow man but uplift future generations of
citizens worldwide. Instead of vilifying and prosecuting them, we should honor
them by putting their images on money and erecting statues as a tribute to
their greatness.
Surround Yourself with Crocodiles
World-famous investor Warren Buffet has
a preference for businesses that are surrounded by crocodiles. This means
Warren Buffet prefers to invest in businesses that have a high barrier to
entry. Perhaps the business in question possesses proprietary knowledge or
special skills or enjoys an economy of scale that enables low prices, all of
which deter upstart competitors. This situation is known as a natural monopoly
and is completely ethical. Contrast a natural monopoly with political
protection that uses government force to prevent competitors from entering a
market. That condition is known as a State-created monopoly and is unethical
because it utilizes coercion.
The point is to discover a business
opportunity you can implement that has a high barrier to entry. This way you
can generate wealth for years or decades with little fear of being put out of
business by upstart competitors. Achieving a natural monopoly is difficult,
which is probably why so few exist. But if you can find one and buy it or start
your own, you can be financially secure for years or decades into the future.
John D. Rockefeller earned a natural
monopoly in oil by purchasing his competitors and paying them with Standard Oil
stock. Bill Gates earned a natural monopoly in software by having the Windows
operating system installed in 90% of computers. How can you surround yourself
with crocodiles to make your business venture impregnable? Figure this out and
you can build yourself a secure fortune.
Now is the Time
Now is the time to achieve human
immortality on earth. All we have to do is establish the conditions necessary
for free minds and free markets. The rest will take care of itself through Adam
Smith’s invisible hand of self-interest. Market entrepreneurs will work to
satisfy the marketplace. And fortunately, consumers want to look and feel
younger. This will culminate in youth rejuvenating products. And these will
increase the desire for an extended lifespan—from 75 years to 100 years to 125
years and so on.
The time to act is now while we are
alive and healthy. If we do not move toward human immortality now, we will
succumb to nature as we age and expire. Nature is uncompromising, but
consciousness is the only entity that can override and control nature. We see
consciousness controlling nature for example at the Hoover Dam and at Fermilab. It is now time that we direct consciousness to
extend human lifespan indefinitely. How can we do this? First we need to divest
from the earthbound world. Then we need to establish societal conditions that
are conducive to free minds, free markets and free businesses. The unfettered
marketplace will take care of the rest. Adam Smith’s invisible hand will clean
sweep aging and death through free-market dynamics.
Will youthful immortality reach you in
time to save your life? Will youthful immortality reach your loved ones in time
to save their lives? Will we be the first immortal generation on earth? If so,
it will not happen through an act of God or government. It will happen as each
citizen abandons earth’s irrational civilization and steps into a rational
civilization marked by free minds, free citizens, free markets and free
businesses. We have the knowledge; now all we need to do is take action.
References
1. Extreme Investing published by Local Group (9,300 words)
2. Extreme Wealth published by Local Group (4,500 words)
3. Freedom for the Masses published by Local Group (3,300 words)
4. The Next Phase published by Local Group (5,000 words)
5. The Only Way Out published by Local Group (3,300 words)
6. Tipping
the World published by Local Group (10,800 words)
