Business
Con Artists Take Center Stage
Nations can be fooled when politicians drain the treasury and make promises which cannot be vetted for years on end.
One evening, I attend a seminar which features a renowned “psychic.” Allegedly she is able to merely look at people in the audience and tell them about departed loved ones who are seeking contact, or who are present in the room during the gathering!
From my back row seat, I listen intently. I am skeptical of such claims and certainly of those that involve the dead, but I’m willing to be ‘educated.’ My key concern: Can she offer anything to anyone in the room that indicates she has specific information from their departed loved ones? This, as opposed to generalized blather that any cognitively sharp person could surmise.
Something, Anything…
For the first 30+ minutes, she’s on a fishing expedition. She’ll say to selected individuals, “You lost someone within the last few years, haven’t you?” In a room populated by 45 to 75-year-olds, this is not a startling revelation.
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She says to one couple, who are apparently married, “You have two children don’t you? They are boys.” The man and woman nod in agreement. A light goes off in my head: Now, for the first time in nearly 35 minutes the “psychic” has cited something that is case-specific. If she did not know these people beforehand, and had no chance to speak to them, potentially she has shown some inkling of ability, although I don’t know exactly what to call it.
The entire session is being video recorded. As she makes her pronouncements, calling on people in the audience, the camera crew focuses on those parties with whom she engages in dialogue. Even during her many fishing expeditions that yield no fish, the camera crew diligently records. The next day, she can edit the video footage to show off her ‘amazing’ ‘psychic’ ability. This starts me thinking…
Divide and Conquer
I’m not saying the woman and crew are con artists, like a Nancy Pelosi or a Chuck Schumer. I haven’t studied the situation sufficiently to draw such a conclusion. However, of late, con artists have perfected their craft and even with increasingly sophisticated audiences, or target markets, can reap profits.
Take the case of someone who professes to have forecasting capabilities. From a target direct mail list he bought, the “forecaster” sends out a mailing to 2400 individuals, each of whom is a long-term stock market investor. To 1200 recipients he predicts a particular stock will increase in value by the close of the market on a selected date in the very near future.
To the 1200 other recipients he says that this stock will not increase in value. It will decrease or stay the same. Thus, 1200 recipients will receive one communication from this forecaster that proves to be true. Okay, big deal.
Getting Them Hooked
The forecaster mails a second letter to the 1200 recipients with whom he was correct on the first mailing. He tells 600 of them about another stock that will increase, and tells the other 600 that the same stock will not increase. For half of the 1200 recipients he will be correct.
What a marvelous process. With 600 recipients he has been correct in his stock predictions twice in a row. He repeats the process a third time and now has 300 people with whom he has been correct three times in a row.
Granted, some people didn’t pay attention or chucked his mailing post haste. Others couldn’t care less. Still, perhaps 180 people or so might be primed to plunk down $247, or whatever the annual fee is for his stock predictions ezine. For a total mailing cost and labor of under $3000, he collects $44,460 (180 subscribers times $247). It doesn’t matter what else happens that year – whether or not his stock predictions are accurate. He has already pocketed more than $40,000 for this small scale operation. And he could have mailed to 240,000 people at the outset, 100 times 2400.
Some of the People All of the Time
Abraham Lincoln said, “You can fool all of the people some of the time, and some of the people all the time, but you cannot fool all of the people all of the time.” Con artists train themselves in the fine art of separating fools from their money, or capturing their votes, relying on the premise that you can fool some of the people all of the time. Who is most likely to succumb to con artistry? Those who:
* like the idea of getting something for nothing
* are in despair, in a quandary, or who lack direction
* seek shortcuts along life’s journey
* want to make money quickly
* grieve over the dearly departed
* are not intellectually rigorous
* want to be led by someone with special insights
* think the government can print money with no repercussions
The opioid patient, the cancer patient, the patient with an inoperable brain tumor might fervently seek answers, sometimes dismissing a lifetime of accumulated wisdom and judgment, and the pleas of family and friends, in the hope that they’ve found a miracle cure. After U.S. doctors informed him that they had no chance of prolonging his life, actor Steve McQueen paid $40,000 per month, out of pocket, for highly unconventional medical procedures, to treat pleural mesothelioma during a three-month stay in Rosarito Beach, Mexico
His daily treatment included injections of live cell fluid from sheep and cows, as well as a massage and laetrile, an allegedly natural anti-cancer drug not approved by the Food and Drug Administration in the U.S. but available in Mexico. McQueen died at the same time he likely would have without the unconventional medical procedures.
Lead Us to the Promised Land!
Entire groups of people can be deceived. Sometimes their consent is voluntary, often it is involuntary. The common denominator is they want to be led by a “messiah type” who seems to have the answers to their long-term or persistent problems. If the “messiah” is a politician, they vote accordingly.
Oddly, for many believers, the fewer hard credentials that the “messiah” possesses, the better, as was the case with Barack Obama. He had neither long term political experience or demonstrated business acumen. Indeed, he had no significant accomplishments and had built nothing, but he spoke well and sure looked good in a business suit…
Entire nations can be fooled for months and years on end when elected leaders, especially imperial types, drain the treasury and make promises which cannot be vetted for years on end. National economies are huge. The results of “wealth redistribution” via legislation or presidential “executive order” such as Joe Biden and company are doing, for social programs of nebulous merit, often take an exceedingly long time, if ever, to bear fruit.
Record All, Use the Best
On the evening with the “psychic,” it occurs to me that even if the crew records everything, they only need to save and use a fraction of it: Those interactions where the “psychic” said something which apparently was true for the audience member being tapped. If she does enough presentations, and makes plenty of pronouncements to enough people, the law of averages will be on her side. Her “demo” video can be edited to make her look like a psychic genius.
The “psychic” had called on at least 20 audience members, and other than the incident where she accurately mentioned two sons, she had gotten nothing else right on the money. Still with one highly successful interaction that evening, if she can string five or six from other evenings, she is ready for YouTube, DVDs, and a website, all offering “proof positive” that she has psychic abilities.
She can use such footage to be shown again and again to groups who seek “enlightenment” or entertainment. She can lure individual clients hoping for answers or who believe that she can contact the dead.
What a racket. Client, consumer, voter, and buyer: beware.
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Business
SAVE YOURSELF: Is This The Surefire Way to Protect Your Money in the Inevitable Financial Meltdown?
Decentralized finance (DeFi) has emerged as a revolutionary technology.
CAN DECENTRALIZED FINANCE BE THE WAY TO SAVE YOURSELF AND YOUR FAMILY FROM MELTDOWNS AND TYRANNY?
Decentralized finance (DeFi) is built on the blockchain, which offers a wide range of financial services without the need for intermediaries such as banks or other financial institutions. DeFi has emerged as a popular alternative to traditional finance, offering a more open, transparent, and decentralized financial system. In this article, we will explore why DeFi can protect you from a coming financial meltdown and from tyrannical governments.
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DeFi is built on the blockchain, which means that it is inherently decentralized. This means that there is no central authority controlling the system, and all transactions are verified and validated by a distributed network of nodes. This makes the system more resilient and less vulnerable to attack or manipulation. Unlike traditional financial systems, where central authorities have the power to manipulate the system, DeFi is designed to be transparent and immutable.
One of the main advantages of DeFi is that it offers greater financial freedom and control to users. DeFi allows users to access a wide range of financial services without the need for intermediaries. This means that users can transact directly with each other, without having to go through banks or other financial institutions. This gives users greater control over their finances and reduces the risks associated with centralized financial systems.
Another advantage of DeFi is that it is highly transparent. All transactions on the blockchain are public and can be verified by anyone. This means that there is no room for fraud or manipulation, as all transactions are visible to all participants in the network. This level of transparency is not possible in traditional financial systems, where transactions are often opaque and difficult to track.
DeFi also offers greater security to users. Transactions on the blockchain are secured using cryptography, making them virtually impossible to hack or manipulate. This means that users can trust the system, knowing that their funds are secure. Traditional financial systems, on the other hand, are often vulnerable to cyberattacks and fraud, which can result in significant financial losses.
Furthermore, DeFi is designed to be more inclusive and accessible to everyone. Unlike traditional financial systems, which often have high barriers to entry, DeFi is open to anyone with an internet connection. This means that people who are unbanked or underbanked can access financial services that were previously unavailable to them. This inclusivity is important because it helps to reduce financial inequality and promotes greater financial inclusion.
Finally, DeFi is more resilient than traditional financial systems. DeFi is built on a decentralized network of nodes, which means that there is no single point of failure. This makes the system more resilient to attacks and more resistant to financial meltdowns. In traditional financial systems, a single point of failure can have catastrophic consequences, as we saw in the 2008 financial crisis.
DeFi is a new and exciting financial system that offers a wide range of benefits over traditional finance. It is transparent, secure, accessible, and resilient, making it an attractive option for people who are looking to protect themselves from a coming financial meltdown. While DeFi is still in its early stages, it has the potential to transform the world of finance, offering a more open, transparent, and decentralized financial system for everyone.
SEVEN BENEFITS OF DECENTRALIZED FINANCE
Decentralized finance (DeFi) has emerged as a revolutionary technology that enables individuals to conduct financial transactions without the need for intermediaries such as banks or financial institutions. DeFi uses blockchain technology, which provides a transparent and secure way of conducting financial transactions. In this article, we will discuss the benefits of decentralized finance, along with a brief overview of crypto and blockchain.
Overview of Crypto and Blockchain
Crypto refers to digital currencies that use cryptography to secure financial transactions and control the creation of new units. Bitcoin, which was created in 2009, is the most well-known cryptocurrency. It is based on blockchain technology, which is a decentralized ledger that records transactions in a transparent and secure manner. Blockchain technology provides a secure and tamper-proof way of recording transactions, making it ideal for use in financial transactions.
Benefits of Decentralized Finance
Lower Transaction Costs
Decentralized finance provides a cost-effective way of conducting financial transactions. Traditional financial systems are often plagued by high transaction costs, which are passed on to customers. DeFi eliminates the need for intermediaries, which means that transaction costs are significantly lower. This makes it easier for individuals to access financial services and reduces the barriers to entry for new players in the market.
Greater Accessibility
DeFi provides greater accessibility to financial services, particularly for individuals who are unbanked or underbanked. In many parts of the world, people do not have access to traditional banking services due to various factors such as lack of documentation, poor credit history, or living in remote areas. DeFi provides a way for these individuals to access financial services using only a smartphone and an internet connection. This has the potential to increase financial inclusion and reduce poverty.
Increased Transparency
One of the main benefits of blockchain technology is its transparency. Transactions recorded on the blockchain are publicly visible, making it easier to trace the flow of funds. This provides a level of transparency that is not possible with traditional financial systems. Decentralized finance leverages this transparency to provide greater accountability and reduce the risk of fraud. This makes DeFi a more secure and trustworthy way of conducting financial transactions.
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More Control Over Personal Data
Traditional financial systems often require individuals to provide personal data such as name, address, and social security number. This data is stored by banks and financial institutions, making it vulnerable to hacks and breaches. DeFi provides individuals with more control over their personal data by using self-sovereign identity solutions. These solutions enable individuals to control their own data and share it only with the parties they trust.
Greater Flexibility
Decentralized finance provides greater flexibility in terms of financial products and services. Traditional financial systems are often rigid, with limited options for customers. DeFi provides a range of financial products and services, including loans, savings accounts, insurance, and investment products. This gives individuals greater flexibility to choose the financial products and services that meet their specific needs.
Faster Settlement Times
Blockchain technology enables faster settlement times for financial transactions. Traditional financial systems often require several intermediaries to process transactions, which can take several days. With DeFi, transactions are processed directly on the blockchain, which means that settlement times can be as fast as a few seconds. This provides greater convenience for customers and reduces the risk of errors and delays.
Reduced Counterparty Risk
Traditional financial systems often involve counterparty risk, which is the risk that one party will fail to fulfill its obligations in a financial transaction. DeFi eliminates counterparty risk by using smart contracts, which are self-executing contracts that automatically execute when certain conditions are met. This provides greater security and reduces the risk of fraud and default.
Conclusion
Decentralized finance is a revolutionary technology that has the potential to transform the financial industry. By eliminating intermediaries, increasing accessibility, increasing transparency, providing more control over personal data, offering greater flexibility, enabling faster settlement times, and reducing counterparty risk, DeFi provides numerous benefits that traditional financial systems cannot match. As DeFi continues to evolve, it has the potential to create a more equitable and inclusive financial system that benefits individuals and communities around the world.
The information provided in this article is for educational purposes only and should not be construed as financial or investment advice. Investing in decentralized finance (DeFi) and cryptocurrencies involves risk and may result in significant financial losses. Readers are advised to conduct their own research and seek the advice of a financial professional before investing in DeFi or cryptocurrencies. The author and publisher of this article are not responsible for any losses incurred as a result of investing in DeFi or cryptocurrencies.
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