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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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- {Picture taken on bus, of a crow rescued and released 6 days after} ___________________________________________________________________________________________________________________ bare skinless paws they traveled far dreaming of a pleasant closure willing ready to die rocks liquifying blowing away dry ash shattered claw and fang marks eroding on his own Sisyphus boulder would be the only remainder of a life spent dying to live the universe is wise its students will only see flaming hot paw prints as Phoenix rose forever thankful his soul penetrating glance his wisdom cross referencing foresight this ones life death not guaranteed and a Herculean purpose as Phoenix traveled up passing Hells' exit entering Hells' entrance This Hell Too Belongs To Him He Brings With Him Influence and Metamorphosis
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Friday, December 2, 2011
Capital Account: Max Keiser on Financial Apartheid, Germany 4.0, and Gol...
As the eurozone crisis continues, could the options on the table include a German takeover? A leaked document from Germany's foreign ministry reportedly reveals the country may be preparing for a new European fund that will be able to take over the economies of struggling eurozone countries. Meanwhile, we know regulators have been trying to figure out what happened to the $600 million dollars missing from customers of MF global. And they now suspect at least some of that cash may not be missing, it may be gone. Regulators suspect it may have been used to cover trading losses at the firm that has, of course, now declared bankruptcy. The question remains as to whether more customers will react like Gerald Celente who we talked to this week and created a new interpretation of what MF really stands for. And from working on Wall Street to Occupying Wall Street, we'll talk to Max Keiser on his evolution from broker to leader of the so-called global insurrection against banker occupation. And with 75,000 layoffs expected on Wall Street, will we see more bankers join the fight?
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