InTransit: Behind the Scenes: Ron Paul Discusses "Audit the Fed" Hearing

YOU HAVE TRAVELED FAR YOUNG JEDI

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YOU HAVE TRAVELED FAR YOUNG LION
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Normalcy bias

From Wikipedia, the free encyclopedia

The normalcy bias, or normality bias, refers to a mental

state people enter when facing a disaster. It causes people to

underestimate both the possibility of a disaster occurring and

its possible effects. This often results in situations where

people fail to adequately prepare for a disaster, and on a

larger scale, the failure of the government to include the

populace in its disaster preparations. The assumption that is

made in the case of the normalcy bias is that since a disaster

never has occurred then it never will occur. It also results in

the inability of people to cope with a disaster once it occurs.

People with a normalcy bias have difficulties reacting to

something they have not experienced before. People also tend

to interpret warnings in the most optimistic way possible,

seizing on any ambiguities to infer a less serious situation.

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Define truth Create yourself
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and you'll always be in my heart little one.

Awaken...
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.... And The Hour is Late

Awaken

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Wednesday, October 5, 2011

Behind the Scenes: Ron Paul Discusses "Audit the Fed" Hearing

On Tuesday, October 4th, 2011, the Domestic Monetary Policy & Technology Subcommittee, chaired by Congressman Ron Paul (TX-14), held a hearing entitled ""Audit the Fed: Dodd-Frank, QE3, and Federal Reserve Transparency." Congressman Paul shares his thoughts on what discoveries were made as a result and what the next steps are in guaranteeing a full audit of the Federal Reserve.

For more information on the hearing, including witness testimony, visit:
http://financialservices.house.gov/Calendar/EventSingle.aspx?EventID=262034

To stay up to date on this and other financial services issues, follow:
http://twitter.com/#!/FinancialCmte
https://www.facebook.com/GOPFinancialServices