Makes sense, if the universe can be chopped up that way. If "what is true" overlaps enough with your social situation and you aren't good at lying, it might not make sense. I suppose the Litany of Gendlin was not meant to be universally applicable.
Take an example: coming out to a homophobic friend. Now, I'm gay - due to conditioning, I may feel bad about "I am straight" being false. Owning up to being gay won't make ""I am straight" is false" any worse, cause it's already true. This is the limit of the Litany of Gendlin, because my homophobic friend doesn't know I'm gay. So "X thinks I am straight" is true, not false, and owning up to it WILL make it worse, because it changes my friend's belief from true to false (and then they will act upon that belief).
—Eugene Gendlin