
Prior to the United States entering World War One Great Briton's supply line from the US were being devastated by German submarines, U-boats. The Germans attempted to only attack ships that were carrying munitions. There was a passenger liner, the Lusitania, which was supposed to set sail for the UK from New York. The German embassy fearing the passenger liner would steam into danger attempted to warn the American public away from traveling on the Lusitania by putting a notice in news papers. Many papers would not run the warning, though many did.

This next one may not be considered a conspiracy theory now, simply history, but if you would have told someone in 1928 what would happen a few years later they would have thought you were nuts. I am referring to the gold confiscation of 1933. From the origins of this country until the great depression gold coins had always been money and for much of that history the ultimate form of money. In 1928 near the peak of a credit created boom, the thought that it would be necessary, or legal, for the government to take gold coin and bullion from all American citizens would have been met with great skepticism. That said for one paying attention to the cracks forming in the financial system it would not have been beyond the realm of reason. The average banker, trader, economist or financial journalist of the late 1920’s could not be depended on for giving proper investment guidance leading up the the great depression and eventual gold confiscation. On the other hand what would now be termed an economic conspiracy theorist would likely have given better advice.
Finally a perfect example of entities ignoring economic signs and the ranting of a ‘conspiracy theorist’. In this instance the entities are entire nations instead of individuals and it was the leader of France that was reading the tea leaves. Charles de Gaulle the president of France warned the world that the United States would not be able to fulfill its obligations agreed to under the Bretton Woods System and redeem US dollars for gold. France and a few other countries acted on these fears and began to redeem their dollars for gold. As a result of American officials placating fears with assertions that dollars were as good as gold, many nations, probably against their best judgment, did not get their hands on as much gold as possible prior to the slamming of the gold window.
I chose three examples that are simply parts of our American history but at one point would have been thought of as impossible. They also would have fit our current definition as a conspiracy theory. The truth in each of these cases was put forth to the public in different forms, from various sources, and was also denied by the highest levels in government. Simple steps could have been taken in each case that would have prevented heartache or worse to those that heeded the warnings of “conspiracy theories”. The steps that could have been taken include not traveling on an ocean liner, removing your gold from safe deposit boxes, and central banks redeeming dollars for gold. In retrospect these actions were obvious but certainly wouldn't have been if you were taking your advice from the US government.
We should not allow making educated guesses on future events overwhelm us nor should we become overly committed to a theory that is not supported by events as they happen. That said using current events, all available information, as well as history as a guide to make educated guesses on the path of the economy and government action in the future is a sound strategy. I will certainly make every attempt to do so and I hope you do the same. I also hope you continue to read and my tests my theories with the events of the future.
Let’s take back the term Conspiracy Theory and use it as a technique to best deal with a very uncertain economic future, at least until we can believe what is being presented to us from the government and financial media. We may be waiting a while.
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