Do you tend to live within assumptions from which to derive happiness and security?
Do you tend to believe the U.S. Govt and Military take care of the population and protect it?
Do you tend to believe the CIA seeks out intelligence for your safety and protection?
Do you tend to believe the big banks are deeply committed to capital formation, healthy lending practices, which help to fortify the U.S. Economy and to create jobs?
Do you tend to believe the financial markets are fair, seek equilibrium, and are self-correcting?
Do you tend to believe the regulatory bodies do their jobs and enforce the rules of fair play?
A PhD. Economist and Market analyst said this:
“[…] People typically do not acknowledge correct forecasts.
They might not comprehend them. They might be angry over not foreseeing them on their own, or the dynamics at work. They might wish to ignore them, since personal loss was suffered.
People tend to live within assumptions from which to derive happiness and security.
They tend to believe the U.S. Govt and U.S. Military take care of the population and protect it. They tend to believe the police forces and the FBI protect us. They tend to believe the CIA seeks out intelligence for national protection. They tend to believe the big banks are deeply committed to capital formation, healthy lending practices, which help to fortify the U.S. Economy and to create jobs, even good jobs. They tend to believe the financial markets are fair, seek equilibrium, and are self-correcting. They tend to believe the regulatory bodies do their jobs and enforce the rules of fair play.
Most of these assumptions and beliefs are not correct.
A predatory element has been fostered among the leadership classes, evident in the financial markets, in recent years.
A crime syndicate has taken control and taken root.
The Black Monday event in 1987 awakened me to look for additional hidden factors. The Clinton glory years were a study in crime.
Most people do not respect correct forecasts. They resent them and the person who posts those forecasts. They resent past losses from not seeing the same phenomena, from not avoiding the pitfalls that seem so clear in hindsight. Competent and correct forecasts are the opposite of unseen pitfalls. People resent others who implicitly point out their failings and losses associated with the wrecked investments.
Curiously, many people will continue on the same path, out of inertia and dedication to an assumption pathway.
Many subscribers told me that the housing market had been solid for generations and would never collapse, the ultimate inflation hedge.
They did not comprehend the mortgage bond corruption, the MERS title database corruption, the duplicate income flow on bonds.
They lost their equity and hate the forecaster, who himself avoided the pitfall, sold his house long ago, and bought Gold & Silver (generally speaking).
Most people resent the correct forecasts, since they are committed to their communities, to their businesses, to their pension plans.
They are more hostages than participants.
They resent the correct forecasts, and the new forecasts, because it places a billboard in front of them which highlights their poorly planned lives, deeply entrenched in a failed system, perhaps even a captive or worse, a disenfranchised person without employment any longer.
They do [not] appreciate [the] exposure of their shortcomings and faulty thought process, if not even somewhat beneficiaries of a worthless education.
Several times, [I have] heard that such a position behind a forecast could not be true, or else all they learned in college would be false.
My response has been that no Economics or Finance courses are offered on corruption.
Even my favorite graduate school professor who teaches about bank derivative mathematics refused to offer an additional perspective in his advanced class on the effect of derivative valuation with introduced corruption.
He is a great teacher and fine man, a tremendous professional influence on my education and career, but one must wonder what he thought of the London Whale story, and if reminded of the Jackass conversation.” -By Jim Willie, GoldenJackass.com
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