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The Big Lie: Nazi Propaganda

By the time Nazism arose in Germany in the 1930s, anti-Semitism was nothing new — not by a long shot. The J­ewish people had suffered a long history of prejudice and persecution. And although Nazis perpetuated centuries-old lies, this time those lies would have their most devastating effects. Like never before, anti-Semitism was manifested in a sweeping national policy known as “the Final Solution,” which sought to eliminate Jews from the face of the Earth.

To accomplish this, Adolf Hitler and his minister of propaganda, Joseph Goebbels, launched a massive campaign to convince the German people that the Jews were their enemies. Having taken over the press, they spread lies blaming Jews for all of Germany’s problems, including the loss of World War I. One outrageous lie dating back to the Middle Ages claimed that Jews engaged in the ritual killings of Christian children and used their blood in the unleavened bread eaten at Passover [source: Landau]. (more…)

Lesson for Traders

bus-stop

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You are driving down the road in your car on a wild, stormy night,when you pass by a bus stop and you see three people waiting for the bus:
1. An old lady who looks as if she is about to die.
2. An old friend who once saved your life.
3. The perfect partner you have been dreaming about.

Which one would you choose to offer a ride to, knowing that there could only be one passenger in your car? Think before you continue reading.

This is a moral/ethical dilemma that was once actually used as part of a job application. You could pick up the old lady, because she is going to die, and thus you should save her first. Or you could take the old friend because he once saved your life, and this would be the perfect chance to pay him back. However, you may never be able
to find your perfect mate again.
YOU WON’T BELIEVE THIS…………………

The candidate who was hired (out of 200 applicants) had no trouble coming up with his answer. He simply answered: ‘I would give the car keys to my old friend and let him take the lady to the hospital. I would stay behind and wait for the bus with the partner of my dreams.’

Sometimes, we gain more if we are able to give up our stubborn thought limitations. 

And the lesson for traders?  Our stubborn thinking about what the market ought to do or should do can keep us from seeing what the market is doing.

Never forget that it may be best to get out of our own way and “think outside the charts.”  In so doing, we may just be able to find the best answer among several difficult choices.

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