In this episode Max Keiser and co-host, Stacy Herbert, present a New Year's special featuring outrageous predictions, bloopers and Berlusconi's 2012 Bunga Bunga Guide to finance. They look back to some 2010 predictions that came true in 2011 and look at the future of European bank runs, rising US treasury yields and the Jim Rogers - Marc Faber Chinese showdown.
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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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Tuesday, January 3, 2012
Keiser Report: Outrageous Predictions for 2012 (E230)
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