Never believe anything until it is officially denied

“Never believe anything until it is officially denied.” IFO first heard that back in the 1960s, when the British government was attempting to deal with the disastrous after-effects of their Socialistic failures.

They had instituted currency controls and super-high taxes and nationalized everything that wasn’t nailed down, but they just couldn’t figure out how to get back on their feet, economically speaking. They were “still” suffering food shortages. The despised “rich” were losing their fine homes, but amazingly no one was getting richer. Except for the government people, but that’s another story.

Eventually, rumors began to swirl that the British government was going to devalue their pound – once the strongest currency in the world representing the strongest country in the world. The Government issued a strong denial – “We are not devaluing the British pound!”

A day to two later, they did exactly that.

Kind of like President Nixon, who explained many times why wage and price controls were a bad thing and he’d never do it. This, in the face of rising calls for him to impose such controls.

A day or two later, he did exactly that.

As we said, “Never believe anything until it is officially denied.”

Now, this saying has to do with something the government says will not do. How about assurances that there is no danger to us from nuclear fallout floating over the ocean from Japan? We’ll just have to find out, won’t we?

Medically, IFO’s regimen has always been lots of Vitamin C and kelp (iodine) tablets, in addition to all the other stuff we take to avoid various possible maladies. We’ll be fine, just fine.

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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2 Responses to Never believe anything until it is officially denied

  1. Michael Morrison says:

    Very profound advice!
    You are more interested in IFO than UFO but I first started giving credence to the Roswell story when, on the 50th anniversary, the feral government presented still ANOTHER version and denial.
    Each denial has been of not only that ETs landed, or crashed, or were shot down, but of the government’s own previous statement(s).
    As I write, this moronic and vicious federal government, specifically the Obama administration, has just started killing people in Libya, the THIRD MUSLIM country our … well, not really my government has insisted we hate and must destroy.
    Governments do far more harm than good.

    • Wow – Never noticed that. Maybe there’s more to Roswell than we thought?

      Also, love your construction “feral government” – how apt! We may plagiarize the phrase, if you don’t mind!

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