Re: Being labeled a nut by Gerald Celente….
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THE “GREAT RECESSION”
The “Great Recession,” as it will become known by 2007, will maintain its grip for at least a generation. Consumer bankruptcy filings,
running at about 1.55 million in 2003, will more than double, home foreclosures will skyrocket, businesses of all sizes will collapse and government debt will soar as the income stream from tax sources shrink. Trends Journal®, January 2004.
We were a lone voice. No one in the trend forecasting field, on Wall Street, in the government or the media was predicting a “Great Recession” — much less giving it the name it would be known by and calling the date it would arrive. As we monitored ongoing events, we found no evidence obliging us to reverse our prediction, even though that stand came at a high financial and professional price. With people making money and the economy looking deceptively strong, we found ourselves persona non grata, ignored or ridiculed as gloom-and-doomers.
Trend Lesson: When the accumulated data force a conclusion that runs counter to popular opinion and perceived wisdom, its essential to stick to your guns.
A case in point: back in 2009, pop lar opinion and the perceiv d wisdom was that recovery was on the way. But the accumulated data indicated a cover up, not a recovery. The collapsing economy was being propped up by giant pillars made of paper money, printed out of thin air and backed by nothing. But just as before, a majority, egged on by the media and the government, dismissed the hard facts because the big lie was more comfortable. “In the simplicity of their minds, people more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but would be ashamed to resort to large-scale falsehoods. It would never come into their heads to fabricate
colossal untruths, and they would not believe that others could have such impudence. Even though the facts which prove this to be so may be brought clearly to their minds, they will still doubt and continue to think that there may be some other explanation.”
— Adolph Hitler, Mein Kampf
You have to look at the data for what they are and where they lead, not for where you want them to take you. You need to make decisions independent of popular opinion, possibly sacrificing short-term gain with an eye toward the long-term outcome. It could be a matter of professional or financial survival. But easier said than done! Ignoring popular opinion takes courage. Admitting that what you thought you knew may be wrong and acquiring the ability to consider views, analyses and facts that run counter to personal convictions takes even more courage.