Gold, Silver & Hyperinflation From a Central European Perspective

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Gold, Silver & Hyperinflation From a Central European Perspective

Postby Gold Silver » 31 March 2017

https://www.youtube.com/watch?v=YOnVWTS_2ug


Junius Maltby Channel reading of the eye opening and phenomenal article by By Peter Fröhlich: http://www.silverdoctors.com/headline...
Noun - normalcy bias (sociology) The normalcy bias, or normality bias, is a mental state people enter when facing a disaster. It causes people to underestimate both the possibility of a disaster and its possible effects, because it causes people to have a *bias* to believe that things will always function the way things *normally* function. This may result in situations where people fail to adequately prepare and, on a larger scale, the failure of governments 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, it never will occur. It can result 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. The phenomenon of disbelieving one's situation when faced with grave and imminent danger and/or catastrophe. As in overfocusing on the actual phenomenon instead of taking evasive action, a state of paralysis.

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