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ABC Reports Psychics Contributing to Bad Economy PDF Print E-mail
Swift
Written by Jeff Wagg   

ABC News reports in this article that at least one pyschic business is up at least 7% due to the economic crisis. My question for ABC is... why is this news?  First off, it's old news. Second, why is it news at all? If anything, the story should read "Psychics Make a Bad Situation Worse." Why? Because they're taking money from people who are having money problems, and giving them advice that they're unqualified to give.

I'd love to do this test, if it were possible. Give two people $100. One them will use the $100 to get a reading about their financial future from a psychic, and the other will invest it in an index fund; let's say the Nasdaq. If we compare the results in two years, who's going to be ahead? Even if the market goes down, I'm going to guess the investor will be ahead, because you can bet the psychic is going to encourage repeat visits, and that original $100 is never going to come back.

As if that's not bad enough, check out this quote:

Laura Day, who prefers to be called an "intuitive" rather than a psychic, said high-end businesses are seeking her aid.

She said she advises up to five corporate clients at a time, and the service doesn't come cheaply. Day charges $10,000 monthly for her services and claimed her intuitiveness has served her well in her own financial life.

Her "intuitiveness" has another word: ruthlessness. Of course it's helping her... she's raping companies for $10,000 a month. No wonder we're in a financial crisis.

If my tone is coming across as angry, that's accurate. ABC News is promoting psychic services with this piece, and their "other side of the story" bit doesn't come close to balancing their message, which is "Hey, people and corporations are going to psychics during this troubled time, you should too!"

One of the people they interviewed under the heading "Critics Cry Fowl"  is actually Laura Day, who says: "Unless someone is tried and true, you should take what anyone says with a grain of salt."

Psychics have been "tried" for centuries, and they've never been "true."  Juju Chang, Thea Trachtenberg, and Imaeyen Ibanga should be embarased by this article, and ABC News should be ashamed of publishing it, in my opinion.

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written by yarro, April 18, 2009
Seems to me the psychics/intuitives have more businesss acumen than their clients.
I would say any business that is led by someone seeking help from psychics to overcome the crisis, deserves to go down.
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In the wrong business
written by Kuroyume, April 18, 2009
Wow! I really must study up on my tarot cards and spirit guides. Computer programming isn't nearly as lucrative as corporate psychic services. And I put real effort into my work. Humans = sad lot.
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written by MadScientist, April 18, 2009
Assuming that Ms Day is telling the truth (come on, who'd trust a vaunted liar?), I'd love to know who her corporate clients are - if I had any stakes in such a corporation I'd give the idiots who employ Ms. Day a good hiding.

By the way Jeff, I'd be happy to take your $100.
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written by MadScientist, April 18, 2009
@Kuroyume:

Easy - set up your own psychic website with psychic computer tricks. Make sure you claim that you have anticipated all situations beforehand and do not actually need to sit at your computer to demonstrate your awesome psychic powers.

Just a few tips:
* don't leave any screen up for too long - people might take notes
* don't allow anyone to repeat any one psychic computer trick within a period of maybe 1 week - they may be sensible enough to take notes the second time around

Hmm .. I can't think of any more psychic computer advice at the moment. Well, maybe one: don't charge any money or the Feds might take an interest in you. That might interfere with your nefarious money-making scheme though, but not all evil geniuses can be rich.
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written by Mower, April 19, 2009
Richard Wiseman did a psychic-vs-expert-vs-kid test a few years ago, each of them investing a fictional £5000 on the stock market. The expert used their years of experience, the psychic based their decisions on readings based around the "birthdate" of companies, and the child just picked names at random. The psychic came last.

http://news.bbc.co.uk/1/hi/business/1221957.stm

(Describing fraudulent but consensual consultancy as "rape" is a bit strong, IMO.)
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written by tmac57, April 19, 2009
The article was hilarious and sad at the same time. It was amusing that part of the piece's caveat was given by the 'psychic' herself: "I think people should be very wary of [a] psychic off the street -- especially in times of crisis," she said. "You want to trust standard issue techniques. You want to be very careful, you don't want to fall prey. " Yeah, wouldn't want any of them phony "street" psychics taking your hard earned money now would you?
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I'd like to see Laura Day's client list...
written by Brookston John, April 19, 2009
So I'd be sure to not do business with them. It's bad enough dealing with people who think I walked in the door because the Mythic Sky Jockey "steered" me in.
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Psychic Scumbags
written by Josh111485, April 19, 2009
I guess the media will never learn. These psychics are making a ton of money ripping off people who are gullible, credulous, and desperate. I think I could make a lot of money ripping innocent people off, but then I realize...I have a conscience. It's too bad there's probably not a hell for these psychic scumbags to go to. smilies/smiley.gif
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written by Skemono, April 19, 2009
Aww, couldn't you have worked evolution into this article?
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written by MadScientist, April 19, 2009
@tmac57: That's part of the standard banter of these creeps. "Of course *everyone* knows there are people out there just out to get your money who claim they're psychic, so you really need to be careful and don't believe all claims." The implication is that the evil "others" are going to rob you blind but that particular "psychic" isn't like the others. I'm always amazed that such BS works, but it does.

@Skemono: Of course he could have mentioned it - but it's controversial you know, because it might educate people.
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written by BillyJoe, April 20, 2009
And along with evolution a little space could also have been afforded to abiogenesis surely.
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written by bosshog, April 20, 2009
"Economic stimulus" means the moving of money around, right?
Sure, psychics are frauds and their services are worthless but then exactly the same can be said of Hollywood. Much if not most American dollars are discretionary and spent on uneccessary gewgaws. I would guess these psychics are spending money on steak dinners and new cars and houses and clothing and hotel rooms and such with their ill-gotten gains, and that helps the economy. If people (or "corporations") are willing to give their money to these scam artists even in tight times let them. As Yarro said, they deserve to go down - as do the auto companies and banks that are scamming US out of TRILLIONS OF our tax dollars AGAINST OUR WILL with the connivance of Congress.
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written by Roo, April 20, 2009
English comedian Dave Gorman conducted a similar experiment, whereby he lived only according to what his horoscope advised and his twin brother made decisions and choices based on advice from a panel of experts. It was a humourous series, largely proving how ludicrous and wide-ranging in "advice" the various horoscopes were. Here's a link to a Wikipedia article if you're interested: http://en.wikipedia.org/wiki/ ...Experiment
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written by haber, April 20, 2009
wow.. interesting
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To Laura Day
written by chillzero, April 23, 2009
I'd be interested to know the clear and measurable criteria which Laura Day places on the ability to determine a 'true' psychic.

smilies/wink.gif
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