1929-Style Crash Coming? 4 Steps For Dealing With Doomsday Prophecies

Friday, February 14, 2014

Here they go again. The self-anointed prophets of doom are trying to scare us as they make a name for themselves. Their egotistical aims are base, their analyses are false and their methods are despicable. Yet, their message of the disaster that will befall nonbelievers inevitably gains new disciples time and again.

Fear mongers know that it’s easier to frighten people than to entice them. Yelling, “Free money!” in a bank causes people to pause and say, “What’s the catch?” Yelling “Fire!” in a theater causes people to scream and panic. Likewise, yelling “1929 is here!” in the stock market ignites fear – plus (and this is the plan), it causes people to beat a path to the guru’s mountaintop, seeking to gain the wisdom that Wall Street and the notorious “They” are hiding from the world.

Here’s how to deal with such doomsday prophecies…

This article is published on Forbes.com


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