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US FED policies were set with a veil of misinformation - part 5  

2011-11-20 13:07:56|  分类: Economics (Unto |  标签: |举报 |字号 订阅

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Imagine your Eskimo friend came to town to pay you a visit. Being a good host, you decide to invite him over for a dinner. He is served an omelette with chicken and vegetable filling. Your friend asks what that yellowish food is made of because he has never eaten nor seen an egg in his life.

You and I know that an egg is semi-spherical on one side and oval on the other end. But you roll up a piece of cardboard into a cylinder and place the egg on one end of the cylinder with the semi-spherical shape of the egg facing up. Imagine, the cylinder covers up the oval end of the egg and shows the Eskimo only the semi-spherical end.

Now if you ask him to guess what the shape of an egg is, will he say that it is spherical like a ping-pong ball or like some other shape?

Without seeing the oval end of the egg, his is not able to deduce the real shape of an egg. You have influenced his opinion by giving only half the visual information you want him to see and then steer his decision towards what you want him to have. In this experiment, you have successfully steered his deduction to think that the egg is spherical. You did the trick with a piece of cardboard.

The veil of misinformation[1] is what someone intentionally does to show you only a set of information to favor his line of argument and hide the drawbacks from you. Inevitably, your decision will be influenced to favor that line based on the set of information presented. Thus, one needs to be careful when presented with overwhelmingly unbalanced information. So be extra careful when you received overwhelmingly lop-sided information.

In real life, rarely someone will tell you the honest full set of uncensored information with its both set of pros and cons. The pros set of information supports the argument while the cons against it. Given both sets of information, you have a fifty-fifty chance either to favor or against an argument.

Summing up, the veil of misinformation says someone needs not to cheat or lie to you to influence your thought to favor his motive.

Please recall all the speeches given by Alan Greenspan. It is all muddled and is very difficult for anyone to decipher what he is trying to convey. Why?

This is because Alan Greenspan is playing the veil of misinformation to its hilt. So does, Ben Benanke, Wall Street, CEO’s of all listed companies, the Oval Office, Congress and the news media.

 



[1] Please read chapter 1, ‘The veil of misinformation’ of the book, “7 Deadly Management Behaviors – CEO edition” by the same author, published by Eloquent Books, ISDN 978-1-60860-327-5.

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