InTransit: 13 November 2011

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.

. . . .

leave now, if you are enjoying the nice little dream... it will end soon anyway, turn on the TV, Plug in the remote control, Vote ... For... The Best Candidate in...american idol... ... ...and exit this page....
- - - - - - - - - - - - - - - - - - - - - - - - -

To be Promethean is a life long process
Define truth Create yourself
and never die..
and you'll always be in my heart little one.

Awaken...
This Life; This Is Your Life,
.... And The Hour is Late

Awaken

(Advanced Graphical Representation of 99.9 of The Masses Level of Interest When I Tell Them That if They Buy Silver, Food, and Other Supplies VERY SOON, They Just Maybe Will Survive The Inevitable Collapse of The Dollar, Riots, Massive Food Shortages, and Countless Unforeseeable Mass Tragedies That They Have Been Too Busy Watching American Idol With a Gas Pump Lodged Up Their Ass To Save This Country's Freedom; Freedom People Once Fought and Died To Protect. PS Don't Tell Me I Didn't Warn You. If You Ask For Food I'll Give You a Bullet in Your Head... SPEAK OUT SPREAD THE WORD and if this page has benefited you, Please Donate. Lastly remember... prepare now ---> stand a fighting chance to survive ---> 2-4 years things will get better...i promise

Saturday, November 19, 2011

ECB verses Fed, Super Committee, inflation

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"When referencing the automatic spending "cuts" scheduled to be enacted if the super committee fails to come up with an alternative, I inadvertently said 1.2 billion rather than 1.2 trillion. The numbers are just so large its hard to keep track. The amazing thing though is that 1.2 trillion over 10 years is so small that its like using a Dixie cup to bail water from a sinking ocean liner.".

Schiff Report Video Blog Nov 18th 2011
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Thursday, November 17, 2011

News Bulletin - 1135GMT update

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Largest Currency Broker Warns of 2008-like Crisis

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http://www.spotmex.com

http://blogs.wsj.com/marketbeat/2011/11/16/oanda-to-clients-stay-out-of-curre...

Oanda, one of the largest online currency trading platforms for retail investors, has some unusual advice for its customers: Stay out of the market.

"We are encouraging our clients not to trade right now, but to watch the market carefully," said Michael Stumm, president and chief executive at Oanda, in an interview.

Oanda this week sent an email to its clients, advocating that they move to the sidelines and watch the markets tussle over each new headline out of Europe.

Oanda had over 29,000 U.S. clients at the end of the first quarter, the most of any retail broker, according to the most recent data available from research firm Aite Group.

The brokerage stands to lose revenue if customers heed its warning and trading volume falls. Online trading platforms like Oanda earn money on the spreads between the offering and asking prices in each transaction.

But if Oanda clients stay in the market and lose big, they'll walk away for good, Stumm said.

"We want them to be with us for the long term," he said.

Currencies have swung wildly and unpredictably over the last few weeks as European leaders have struggled to agree on a comprehensive fix for the continent's debt crisis. On Wednesday, the euro traded at $1.3495, up from a one-month low of $1.3429 hit earlier in the day.

"Our analogy is that if there is a storm brewing, you don't go out in a sailboat if you are an amateur sailor," Stumm said. "If you are a real professional and have weathered multiple storms, then it might be a lot of fun, and you might get a lot out of it. ... And I think the same holds true for the forex markets."

It's too soon to say whether clients are heeding Oanda's advice, said Dean Popplewell, the company's chief currency strategist.

Currency traders say they are fielding more calls from clients of all types looking for additional guidance on hedging and investment strategies.

"Companies are taking a much closer look at all of their risks," said Jack Spitz, managing director of foreign exchange, financial markets and derivatives at National Bank in Toronto. "They are spending much more time doing due diligence about tail risks and currency volatility."

That volatility, Stumm said, is "generally not good" for retail clients.

During the financial crisis in 2008, Oanda saw a substantial drop in trading activity as clients, disappointed by losses or overcome by fear, withdrew from the market.

Oanda is seeing parallels to 2008. Volatility also surged just before the 2008 recession, cautioned Oanda analysts.

This week, seeing no end to the European debt crisis, and the currency market tumult it was causing, Oanda hit "send" on its cautionary email.

-- Stephen L. Bernard contributed to this post.

Category:

News & Politics

License:

Standard YouTube License

111117 - Germany Ready to Cede Some Sovereignty

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This Hyper Report is sponsored by
GOFOODS at http://mk1322.mygofoods.com
Please visit.

Source Links for Today's Items:

Merkel Says Germany Is Ready to Cede Some Sovereignty to Save the Euro
http://www.bloomberg.com/news/2011-11-16/merkel-says-germany-ready-to-cede-so...

Forget About Italy and Greece, Spain Next on Agenda
http://www.cnbc.com/id/45322644

Fed Now Largest Owner of U.S. Gov't Debt-Surpassing China
http://www.cnsnews.com/news/article/fed-now-largest-owner-us-gov-t-debt-surpa...

22 Signs That The Thin Veneer Of Civilization That We All Take For Granted Is Starting To Disappear
http://theeconomiccollapseblog.com/archives/22-signs-that-the-thin-veneer-of-...

U.S. Boosts Estimate of Auto Bailout Losses to $23.6 Billion.
http://www.detnews.com/article/20111114/AUTO01/111140434/1361/U.S.-boosts-est...$23.6B

TSA Puts Off Safety Study of X-ray Body Scanners
http://www.propublica.org/article/tsa-puts-off-safety-study-of-x-ray-body-sca...
http://www.hc-sc.gc.ca/hl-vs/iyh-vsv/life-vie/airport-scanners-aeroports-eng.php

The content contained in the Hyper Report is provided for informational purposes only. Use the information found in these videos as a starting point for conducting your own research and before making any investing decisions. All stories are sourced and assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information.

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