Tag Archives: Wall Street

Top 10 Craziest Conspiracy Theories About the ILLUMINATI

Top 10 Craziest Conspiracy Theories About the ILLUMINATI

Will robots rule the stock market?

By Stuff They Don’t Want You to Know via YouTube

Is it possible that the future of the world’s stock markets will be decided by increasingly intelligent software programs?

Hindsight Bias

via Unnatural Acts that can improve your thinking

“The mind that makes up narratives about the past is a sense-making organ. When an unpredicted event occurs, we immediately adjust our view of the world to accommodate the surprise.”–Daniel Kahneman

Hindsight bias is the tendency to construct one’s memory after the fact (or interpret the meaning of something said in the past) according to currently known facts and one’s current beliefs. In this way, one appears to make the past consistent with the present and more predictive or predictable than it actually was. When a surprise event occurs and you say “I knew it all along,” you probably didn’t. Hindsight bias may be kicking in.

Hindsight bias accounts for the tendency of believers in prophecies and psychic predictions to retrofit events to past oracular claims, however vague or obscure (retroactive clairvoyance). For example, after the Challenger space shuttle disaster that killed seven U.S. astronauts on January 28, 1986, hindsight bias was used by followers of Nostradamus to claim that he had predicted it in the following verse:

D’humain troupeau neuf seront mis à part,
De jugement & conseil separés:
Leur sort sera divisé en départ,
Kappa, Thita, Lambda mors bannis égarés.

From the human flock nine will be sent away,
Separated from judgment and counsel:
Their fate will be sealed on departure
Kappa, Thita, Lambda the banished dead err (I.81).

Of course, to make the obscene retrodiction complete, Nostradamus’s minions would have to speculate that teacher-astronaut Christa McAuliffe was pregnant with twins to make nine the total in the “flock.” The belief that one can predict the future is often due to little more than the power of hindsight bias.

Hindsight bias also seems to account for the tendency of many people to think they can explain events that weren’t predicted after the events have happened. It is unacceptable to many people to think that major events like a respected Wall Street investment manager running a Ponzi scheme that cost people perhaps as much as $50 billion wasn’t predictable. If only somebody had paid attention to this and that detail, Bernard Madoff could never have pulled it off. What is true is that a major impact event like this can be easily explained after the fact. The explanations may satisfy people and lead them to believe that they now understand how such an event happened, but there is no way to know whether collecting many facts and using them to explain what occurred will help prevent a similar event from happening in the future.

Why do we engage in hindsight bias? There are several reasons.

MORE . . .

Why Do Conspiracists Lie?

If conspiracists truly believe in their cause(s), why is it they must lie about, or distort, the truth?

via hoax-slayer.com

Detailed Analysis

This image depicts a large group of airline pilots marching in full uniform at an unidentified street protest. Each pilot in the picture is holding a placard that features a photograph apparently meant to illustrate “chemtrails” in the sky. The scene depicted in the image implies that the pilots are protesting against these supposed “chemtrails”.

The picture shows a real protest along with real marching pilots. However, they are certainly not protesting “chemtrails” nor in any way endorsing the absurd conspiracy theories surrounding the supposed existence and causes of such chemtrails. In fact, as the following source image illustrates, the pilots were protesting much more down-to-earth issues such as pilot pay and working conditions.

A September 29, 2011 Forbes article about the protest notes:

Hundreds of uniformed pilots, standing in stark contrast to the youthful Occupy Wall Street protesters, staged their own protest outside of Wall Street over the past couple of days, holding signs with the picture of the Hudson river crash asking “What’s a Pilot Worth” and others declaring “Management is Destroying Our Airline.” This comes after pilots at United asked a federal judge to halt the merger with Continental, arguing that the whole thing is proceeding too quickly.

The original picture can be seen in a 28 September 2011 Daily Mail article along with following caption

United: Over 700 Continental and United pilots, joined by additional pilots from other Air Line Pilots Association (ALPA) carriers, demonstrate in front of Wall Street on Tuesday

The altered picture apparently originated from image website Dees Illustration Studio, which features a Political Satire section that hosts a number of similarly altered images, including other chemtrail pictures. It is unclear how or by who’s hand the image escaped from this original context and began circulating online.

Some readers might be wondering what the supposed “chemtrails” shown on the fake placards actually are. According to various paranoid conspiracy theorists, chemtrails are visible evidence that governments or big companies are secretly and deliberately dumping poisons into the earth’s atmosphere for their own nefarious purposes. Some theorists claim the poisons are dumped to make sure that citizens are chronically ill and therefore more easily controlled by governments or more likely to have need of expensive pharmaceutical products. Other suggest that the chem dumping is a clandestine operation to delay global warming. Several other, equally wacky, conspiracy theories have been suggested as possible causes of the trails.

In reality, the supposed chemtrails are just contrails. Contrails are condensation trails that form behind jet aircraft when they burn fuel in the upper troposphere. An in depth discussion about chemtrail conspiracy theories is available on the Skeptic’s Dictionary website.

Read More: Faux Image – Pilots Protesting Chemtrails


Debunked: ChemTrails and ChemClouds

A very high quality copy of this video and a link to the 1905 book “Cloud Studies” is available at: http://tinyurl.com/7ezxt5n. Feel free to download the video and re-post on video sharing websites.

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