Wednesday, October 6, 2010

ETR: The Noblest Expression of the Human Spirit

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Wednesday October 6, 2010

"All truths are easy to understand once they are discovered; the point is to discover them."

Galileo Galilei

The Noblest Expression of the Human Spirit
By Alexander Green

Here's a riddle.

What is the secret of eloquence, the standard of virtue, the basis of moral authority, the object of philosophy, the most formidable power on earth, the noblest expression of the human spirit, and beauty itself?

Thoreau said it was better than money, love, or fame. The New Testament proclaims it the basis of personal freedom (John 8:32). Schopenhauer observed that it is first ridiculed, then violently oppressed, then accepted as self-evident.

The answer, of course, is truth. Yet you'll notice that the supply often exceeds demand.

The other day, for instance, a friend forwarded me a political e-mail filled with dubious accusations and misstatements of fact. You would think a message that is unsigned, printed in three colors, and written in ALL LARGE CAPS might engender a bit of skepticism. Yet it resonated with him so strongly that he eagerly accepted it.

We all want to believe that we are in possession of the truth. Even when we're uncertain, we like to feel that we're evaluating information rationally and will surely recognize the truth when we see it.

But as Winston Churchill observed, "Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened."

We all walk around with a picture in our heads that we believe reflects the world as it truly is. We depend on this image. It governs our thoughts, feelings, and behavior.

But is it accurate?

With today's radio, cable TV, and Internet, you can watch, read, or listen to whatever kind of news pleases you, and indulge your political, social, and scientific theories, whether sophisticated or naive, extremist or pedestrian, grounded in reality or so far out you're floating in the asteroid belt.

It's called selective exposure. Rather than dealing with the unpleasant sensation of having our beliefs tested, we simply steer clear of information that contradicts what we think we know. We carefully select the messages we consume.

As a result, we're not just arguing over what we should be doing. We're arguing over what is happening. We're no longer just holding different opinions. We're holding different facts.

Why 99% of Americans Refuse to Acknowledge the Coming Disaster...

Pick up any newspaper... Flip on any television channel... Listen to just about any recent statement from the U.S. Government... And you'll get the same message...

"Things are getting better!"

Most Americans are so shellshocked by the most recent credit crisis that they lap it up. They are so desperate to repair the damage... that they aren't thinking straight. They put too much trust in Wall Street analysts and big name brokerage funds. They expect the government to bail them out should things get too bad. They hang on every word the media says, giving in to the comfort of it. And they end up digging themselves deeper into a pit of debt and uncertainty.

But the truth is, things are not getting better.

Find out what we're doing about it here.

We don't have time to investigate everything ourselves, of course. So we rely on conventional wisdom and the opinions of others. We draw generalities from specific circumstances. We accept things we hear or read if they sound credible -- and especially if they appeal to our personal prejudices. As we grow older, we even forget or misremember our own experiences.

We are creatures of culture too, brought up to accept certain narratives about how the world is.

Yet these preconceptions harden and make us resistant to opposing points of view. They prevent us from opening our eyes... or our minds. And out of politeness or political correctness, we are reluctant to ask questions or voice dissent. We fall back on what is generally accepted rather than doing the heavy lifting and thinking for ourselves.

And that should make us consider from time to time whether our version of reality -- our truth -- is correct.

Social scientists observe that what we believe -- what we accept as true -- is highly dependent on our upbringing and the society we live in. We are all caught in a web of cultural context.

Postmodernists and deconstructionists have taken this to extremes, claiming that there is no such thing as objective truth, only culturally based worldviews and opinions, none any more valid than another.

What a depressing thought, for what are we all pursuing if not objective truth? Yet Oxford biologist Richard Dawkins effectively skewers the postmodern position in River Out of Eden.

"Show me a cultural relativist at thirty thousand feet," he says, "and I'll show you a hypocrite. Airplanes built according to scientific principles work.... Airplanes built according to tribal or mythological specifications don't. If you are flying to an international congress of anthropologists, the reason you will probably get there -- the reason you don't plummet into a ploughed field -- is that a lot of Western scientifically trained engineers have got their sums right."

It is not possible to thoroughly investigate every claim we accept. But not all modes of knowing are equal. In fact, most of our beliefs are derived in one of three ways.

The first is tradition. These are beliefs that are handed down from grandparents to parents to children and so on. The problem here, of course, is that if a particular fact or story or folk remedy was in error to begin with, it's as untrue today as it was originally, no matter how many generations have passed it along.

The second source is authority. If a teacher, public official, or expert tells us something is true, we're more inclined to accept it. This can be a valid shortcut. But, regardless of their credentials, experts are often mistaken. Just because information comes from someone important, it doesn't guarantee its reliability.

The third source of belief is reason and evidence. Here we are on firmer ground. Historians use documents, letters, and photographs to piece together the past. Judges base their opinions on physical and circumstantial evidence, eyewitness testimony, and well-confirmed facts. Scientists construct hypotheses, test them by observation and experiment, share their methods, and offer the results for confirmation or rejection.

Scientists -- like historians and judges -- are far from perfect and their claims are always subject to revision. Yet the scientific method -- with its double-blind methodology and rigorous peer-review process -- is based on a fine understanding of human fallibility. It is designed to weed out erroneous conclusions.

In 1989, for example, Martin Fleischmann, then one of the world's leading electro-chemists, and Stanley Pons announced their discovery of cold fusion, nuclear fusion near room temperature. But their results could not be replicated and their "discovery" was soon dismissed for lack of evidence.

The success of science in the modern era has given it a powerful aura. Indeed, some have tried to make it the unquestionable authority and final arbiter of truth and knowledge.

That's a mistake.

Scientists are just as egotistical, ambitious, and biased as the rest of us. Even the peer-review process can fall prey to ideological conflicts and personal vendettas.

Science has plumbed the depths of the ocean, the hinterlands of space, and the recesses of the atom. It has increased our understanding of life immeasurably. But it has not told us why we're here or given us the answer to life's meaning.

Science does an excellent job of telling us what is. It cannot tell us what ought to be.
That is left for historians, theologians, and philosophers. Some important truths we have to discover for ourselves.

[Ed. Note: Alexander Green, Investment Director of The Oxford Club, has more than 20 years of experience as a research analyst, investment advisor, financial writer, and portfolio manager. He is the author of The Secret of Shelter Island: Money and What Matters, as well as the editor of "Spiritual Wealth," an e-letter about the pursuit of the good life available only to members of The Oxford Club. You can read the latest issue, and find out more about the Club, by clicking on and viewing "A Personal Invitation by Alexander Green."

Alex is an expert panelist with the Liberty Street League, ETR's exclusive club based on the principles of self-determination and self-responsibility. The League is dedicated to helping members take advantage of under-the-radar, off Wall Street, wealth-building opportunities, including precious metals, Internet businesses, fine art, commodities, real estate, and much more.

As a member, the League will also help you keep your money safe from the prying eyes of the government and financial organizations that don't have your interests at heart. For a limited time we've postponed instituting the lifetime membership fee for this exclusive club – but not for long. Go here to find out all about this special, only valid until 5:00 PM Eastern on October 25, here.

You Don't Need Much to Start an Internet-based Import/Export Business

The Internet has made doing business so much easier in so many markets and niches. And that includes importing products from China for pennies on the dollar and selling them online at a mark-up of 200, 300, even 500 percent or more...

  • You don't need a huge amount of start-up capital. In fact, you can get started with as little as $50 or so... and start making deals almost immediately...

  • You don't need a storefront, employees, or equipment. It's just you, your computer, and your Internet connection...

  • You don't need to quit your day job -- yet. You can do Internet import/exporting "on the side" at first. And once your business takes off, you can go full-time.

This really could be one of the greatest professions in the world. And ALL you need to get started is the insider knowledge you'll get from The China Wholesale Trader.

"Michael's article about how to become what you want to be, in which he said to just do it... was very motivating. I always had a passion for the tabla (an Indian musical instrument). Now I will start learning it immediately."

Malik Kapadia

The Secret of the "Off-Market" Deal

Thanks to the economic "crunch heard 'round the world," in certain situations today, people with insider connections are getting a hold of excellent properties at HUGE discounts... much as 50% below the established market value... and often with double-digit rental yields, too.

We call these situations "off market" deals... and until now they've been "off limits" to the average investor.

But there's a RED HOT opportunity shaping up today, and I'd like to invite you to the inside...

Simply click here (and turn your speakers on) to listen to my full presentation.

Today's Words That Work: Voluble

Voluble(VOL-yuh-bul) -- from the Latin for "flowing easily" -- means fluent, glib, or talkative.

Example (as used by Jim Newton in a Los Angeles Times review of Making Our Democracy Work: A Judge's View by Stephen Breyer): "Practical and gentle, Breyer stands in stark contrast to his more voluble counterpart, Justice Antonin Scalia...."


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