Anton,
"If I understand your term 'cosmic time' correctly, then black holes are much older than the 14 billion years of light-emitting objects: the heavier, the older they are."
In general I would agree with this statement. There is no method to actually determine the age of a BH. For example, an IMBH could have a recent origin from the merging of two or more less massive BHs or it could be quite old. I would say that most SMBHs are old.
"As to fairy tales..."
You should read the third reference from my essay, I think you would really enjoy it. Here a copy of the reference and the link: [3] American Scientist, September-October 2007,聽Volume 95, Number 5, Modern Cosmology: Science or Folktale?, by Michael J. Disney, http://www.americanscientist.org/issues/pub/2007/9/modern-cosmology-science-or-folktale
"So I find it hard to learn and use the lingo of the present paradigm without succumbing to the same errors."
I meant that in response to your statement: "I admit that I haven't understood you essay completely because my knowledge of GR is very limited."
GR is fundamental. IMO, it has some misinterpretations that have lead to incorrect understanding in cosmology and BH theory. These misinterpretations are what I'm exposing in my theories.
"I had no other choice but to try to re-invent physics, starting from the assumption that QM and relativity theory describe the engineering principles of a self-creating universe."
You've done a more than admirable job in presenting an alternative. But, my essay would be more comprehendible with a better understanding of GR. How do you know if your lack of GR knowledge hasn't caused you to omit something from your theory? That's all I was implying.
Dan