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Why do we listen to people who said they never saw the financial crisis coming?

Asheron
Asheron Posts: 1,229 Forumite
edited 28 April 2010 at 10:49PM in Debate House Prices & the Economy
Why do we still listen to the people who said they never saw the financial crisis coming? to find out what's coming next ?

Why don't we listen to some of the people who predicted this crisis ?
  • Bob Chapman
  • Alex Jones
  • Gerald Celente
  • Lindsay Williams
Because right now they are saying..........
  1. We are going to loose our Pensions
  2. A double dip is coming
  3. We are still in Recession
  4. Depression is 100% guarenteed
  5. Currency crisis
  6. World War
  7. Food Shortages
  8. Riots
  9. Protect Wealth with Gold and Silver
But yet the Mainstream Media, are saying everything is going to be fine, go back to sleep, go back to paying taxes.
As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    100 people make 100 predictions

    some turn out to be correct

    how do we choose in advance which are the correct ones?

    hindsight is of course always 20-20
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • CLAPTON wrote: »
    100 people make 100 predictions

    some turn out to be correct

    how do we choose in advance which are the correct ones?

    hindsight is of course always 20-20



    Lift up the rug & see how much dirt has been swept under it?
    Not Again
  • nembot
    nembot Posts: 1,234 Forumite
    Simply put, people don't want to read about bad times.

    In years gone by, one way to bring down the powers that be, was to predict their downfall. The same rings true today and it's probably a good thing they don't print too much negativity from a bearish viewpoint.

    I think the situation could be far worse than it is, so far we've done okay.
  • Degenerate
    Degenerate Posts: 2,166 Forumite
    I'd just like to point out that actually these latest problems were predicted by many eminent mainstream economists at the outset of the Euro-zone. The imminent crunch has also been foreseen on the horizon by numerous commentators for the last 18 months or so, in the wake of Lehman. Among them myself and several other "bulls" in this forum. So I wouldn't give too much credence to Asheron's tin-foil-hat economists or their other predictions on that basis.
  • Harry_Powell
    Harry_Powell Posts: 2,089 Forumite
    CLAPTON wrote: »
    100 people make 100 predictions

    some turn out to be correct

    how do we choose in advance which are the correct ones?

    hindsight is of course always 20-20


    Even a broken clock is right twice a day.
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
  • purch
    purch Posts: 9,865 Forumite
    edited 29 April 2010 at 10:33AM
    Why do we still listen to the people who said they never saw the financial crisis coming? to find out what's coming next ?

    I don't know why :)


    P.S. You should note that there are many people who did predict the 'financial crisis' who are not predicting that we will 'loose' (sic) our pensions, have a world war, riots, have a depression, plague of locusts etc etc.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    purch wrote: »
    I don't know why :)


    P.S. You should note that there are many people who did predict the 'financial crisis' who are not predicting that we will 'loose' (sic) our pensions, have a world war, riots, have a depression, plague of locusts etc etc.

    Predicting things which, over a long enough time are going to happen, is not hard. Economic crashes, wars, plagues, famines, and plagues of locusts, and even frogs falling out of the sky happen. Mostly, people just get through them. Predicting they will happen is a near sure thing. Predicting when they will happen is a hard thing. Personally, I hope they will not happen for a couple of centuries.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • Nosht
    Nosht Posts: 744 Forumite
    Nostradamus.


    N.
    Never be afraid to take a profit. ;)
    Keep breathing. :eek:
    Just because I am surrounded by FOOLS does not make me wise. :j
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