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  1. I stumbled upon a new word, cognitive dissonance, while viewing the History Channel's "The Prophets of Doom" discussion series (timecode 20:09 - 21:09). Can one of you call in and bounce this off Stefan? I'm too shy. Apparently it is a inverse relationship between one's mindset and impending danger. So people living 5 miles from a potential dam break, are very concern but those living next to the dam are in complete denial of the impending danger and thus a very optimistic and unconcerned. This sounds like the U.S. citizens who are unconcerned about the seriousness of an impending financial failure. A worker at my workplace allegedly and negligently added motor oil to the transmission fluid in a minibus. He carries himself without any embarrassment or concern about what he did (the whole transmission and torque converter needs to be rebuilt or replaced.) Sure sign of cognitive dissonance. Recalling incidents in the past, I can identify many cases of cognitive dissonance among in people in my past. This to me seems to be the "human nature" of the species. Procrastinate, unconcern yourself with problems that need your immediate attention until the water dam of problems reaches a breaking point. Look at the U.S. debt. The Federal Reserve (aka Central Bank) Is going to buy $10 billion less bonds per month starting in February. (China, Japan and other countries own a fraction of the U.S. debt of $17 trillion but by far the Central Bank owns the rest.) The whole economics is held in place because global suppliers of goods to the U.S. are still willing to accept the U.S. dollar as payment. Thoughts anyone?
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