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Title: Great Depression II, You Ain’t Seen Nothing Yet
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URL Source: http://www.marketoracle.co.uk/Article33917.html
Published: Apr 2, 2012
Author: James_Quinn
Post Date: 2012-04-02 19:01:14 by Capitalist Eric
Keywords: None
Views: 7608
Comments: 14
Watching pompous politicians, egotistical economists, arrogant investment geniuses, clueless media pundits, and self- proclaimed experts on the Great Depression predict an economic recovery and a return to normalcy would be amusing if it wasn’t so pathetic. Their lack of historical perspective does a huge disservice to the American people, as their failure to grasp the cyclical nature of history results in a broad misunderstanding of the Crisis the country is facing. The ruling class and opinion leaders are dominated by linear thinkers that believe the world progresses in a straight line. Despite all evidence of history clearly moving through cycles that repeat every eighty to one hundred years (a long human life), the present generations are always surprised by these turnings in history. I can guarantee you this country will not truly experience an economic recovery or progress for another fifteen to twenty years. If you think the last four years have been bad, you ain’t seen nothing yet. Hope is not an option. There is too much debt, too little cash-flow, too many promises, too many lies, too little common sense, too much mass delusion, too much corruption, too little trust, too much hate, too many weapons in the hands of too many crazies, and too few visionary leaders to not create an epic worldwide implosion. Too bad. We’ve experienced horrific Crisis periods three times in the last 250 years and winter has arrived again exactly as forecasted by Strauss & Howe in 1997. The linear thinkers will continue to predict a recovery that never arrives. We have awful trials and tribulations, dreadful sacrifices of blood and treasure, and grim choices awaiting our country over the next fifteen years. Linear thinkers will scoff at such a statement as they irrationally view the world as a never ending forward progression towards a glorious future. History proves them wrong. We stand here in the year 2012 with no good options, only less worse options. Decades of foolishness, debt accumulation, and a materialistic feeding frenzy of delusion have left the world broke and out of options. And still our leaders accelerate the debt accumulation, while encouraging the masses to carry-on as if nothing has changed since 2008. Sadly, millions of lemmings want to believe they will not drown in the sea of un-payable commitments. Truth is a scarce resource on the planet today. “Sometimes people don't want to hear the truth because they don't want their illusions destroyed.” - Friedrich Nietzsche Entire populations taking comfort in their illusions transcends centuries. This is because all humans are driven by their emotions and react to events and danger in a predictable manner depending on their stage of life. Strauss & Howe in their 1997 opus - The Fourth Turning -utilized decades of studying generational dynamics to anticipate when our next Crisis would arrive and what core elements would precipitate it: “The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could involve questions of class, race, nation and empire. The very survival of the nation will feel at stake. Sometime before the year 2025, America will pass through a great gate in history, commensurate with the American Revolution, Civil War, and twin emergencies of the Great Depression and World War II.” - Strauss & Howe - The Fourth Turning The American people are mentally ensnared by their decades of indoctrination from propagandists in government and on Wall Street, spoon fed to them by the corporate mainstream media. Many are afflicted with the diseases of normalcy bias and cognitive dissonance. Normalcy bias refers to a mental state people enter when facing a disaster. It causes people to underestimate both the possibility of a disaster occurring and its possible effects. The American people are mentally incapable of accepting the facts of our impending economic collapse. They somehow are able to convince themselves these facts as normal: Anyone with an ounce of critical thinking skill would conclude our current situation is far from normal. We’ve become a cognitive dissonant nation. We convince ourselves the best way to solve a debt problem is to create more debt. We believe we are made safer by attacking foreign countries. We have convinced ourselves it makes sense for Too Big to Fail Wall Street banks that create systematic financial risk to get even bigger, after their fraudulent frenzy of greed virtually crashed our economic system. We actually believe the two party political system offers us a choice, when both parties genuflect to Wall Street, gratify corporate special interests, fight never ending wars, and spend money they don’t have. We choose to believe government statistics that claim inflation is running at 3%, when our everyday reality attests it to be 10%. We trust the Federal Reserve to maintain price stability even though their policies have resulted in a 97% depreciation in the U.S. dollar since 1913. We believe the future will be bright, even though 60% of workers have less than $25,000 in total savings. In the ultimate example of cognitive dissonance the majority of Americans scorned and ridiculed the young people being beaten, maced and arrested for protesting the rampant criminality of the Wall Street 1%ers while supporting a billionaire banker bailout, 0% interest rates that punish senior citizens and savers while encouraging further debt accumulation, and not be outraged that not one criminal banker has gone to jail. They somehow are able to observe the data in the table below and still believe that America offers equal opportunity to everyone. Americans have thus far been unable to deal with the reality of our desperate circumstances. They remind me of people who see the ocean recede from the shoreline and curiously venture out where the sea had flowed to pick up trinkets and pretty shells with no sense of what is truly happening. The deadly 20 foot high tsunami headed their way will be a complete shock when they are swept away in a torrent of bad debt and worthless currencies. We are about to enter phase two of this Fourth Turning Crisis still in denial and terribly unprepared for the frightful trials that await our nation. It’s not as if it hasn’t happened before, just like clockwork. William Strauss and Neil Howe were able to document turnings in Anglo-American history dating back to the 15th century. The life cycles of human beings and the moods of generations at different stages of their lives are consistent across time, resulting in predictable responses to events during a particular time frame. Fourth Turnings are a time of Crisis, danger and vulnerability. The Crisis periods in modern history are as follows: Using a seasonal analogy, the Crisis is the wintry bitter dark era, where deadly blizzards rage and the citizens are pushed to the brink. In retrospect the three previous American Crisis periods seem easy to predict, but one year prior to their onset NO ONE could have predicted the epic sacrifices and horrific casualties of war to follow. In 1772 there were few people expecting America to declare independence and fight an eight year war for independence. In 1859 virtually no one expected the election of Abraham Lincoln as president and an ensuing war that would kill 700,000 American men. In 1928 no one imagined the stock market losing 89% of its value, an eleven year depression, and a world war resulting in over 60 million deaths. History is only logical in afterthought. The mystery of forethought is where we find ourselves today. In a recent article, Neil Howe provided insight into why he believes the current Fourth Turning began in 2008, sixty-two years since the end of the Depression/WWII Crisis, which was sixty-four years after the Civil War Crisis, which was sixty-six years after the American Revolution Crisis: “I believe the catalyst occurred in 2008. The year 2008 marked the onset of the most serious U.S. economic crisis since the Great Depression. It also marked the election of Barack Obama, which could yet turn out to be a pivotal realignment date in U.S. political history. In fact, if I had to give the catalyst a month, I would say September of 2008. The global Dow was in free fall. Banks were failing. Money markets froze shut. Business owners held their breath.” - Neil Howe - Dating the Fourth Turning Howe uses the term catalyst to describe the trigger or event that initiates the Crisis. Strauss and Howe determined that a Crisis progresses through four stages during its life cycle, as described below: We have countless valleys to cross and mountains to ascend before reaching our ultimate destination. There are no guarantees the outcomes will be positive or that the nation as we know it will even exist. It is certain that in twenty years the social order of this country will not resemble what exists today. The transformation could be positive or negative, depending upon whether we make the right choices during this Crisis. “The nation could be ruined, its democracy destroyed, and millions of people scattered or killed. Or America could enter a new golden age, triumphantly applying shared values to improve the human condition. The rhythms of history do not reveal the outcome of the coming Crisis; all they suggest is the timing and dimension.”
Poster Comment: Watching pompous politicians, egotistical economists, arrogant investment geniuses, clueless media pundits, and self- proclaimed experts on the Great Depression predict an economic recovery and a return to normalcy would be amusing if it wasn’t so pathetic. Hmmm... Sounds like Baghdad Bri-bri.
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#2. To: Capitalist Eric (#0)
The Prococols of the Learned Elders of Zion st*l*="color: rgb(0, 0, 0); ">
#5. To: whyofcourse, Capitalist Eric (#2)
The Prococols of the Learned Elders of Zion? Really? LOL! Are you trying to deny that the world world wide financial picture is Charlie Foxtrot? Mainly by DESIGN? Or dat it was dem ebil JOOOOS what done it? Really? I DESPISE the WOG bubblehead bitch erica, but I love the TRUTH more. erica is spot on about the economy, it's the one place she is almost always correct imo. She's still a useless WOG twat, but TRUTH is the TRUTH no matter who speaks it.
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Before starting on it, I will remind you that I have already spoken about it earlier by way of a hint when I said that the sum total of our actions is settled by financial issues, particularly, the question of large amounts of money.
But running a State organization is very expensive so it is still necessary to obtain the funds required for it. It will therefore enter into elaborate and open discussions on how to find the right balance on questions of taxation.
From this we conclude that the best kind of taxation will be a progressive tax on property. In this manner the tax will be paid without overly stressing or ruining anybody because it will be a percentage of the value of their property.
The rich must be aware that it is their duty to place part of their superfluous wealth at the disposal of the State since the State guarantees them security of possession of the remainder of their property and the right of honest gains. I say ‘honest’ because our determination over who-owns-what will do away with the need for robbery in the standard legal sense.
We Shall Destroy Capital
Quite apart from this, a tax on capitalists can be used to diminish the growth of wealth in private hands. Lately we have been concentrating wealth into private hands as a way of taking it away from the Goyim government. This reduces their strength because that strength comes from their State finances.
Transfer documents must be presented within a week at the local treasury office with notifications of the given name, surname and permanent place of residence of the former and the new owner of the property.
This transfer document must include a definite sale-price amount, which exceeds the ordinary necessary expenses of buying and selling, and this will be subject to payment of a stamp duty based on a fixed percentage of the property value.
We Cause Depressions
On no account should any more than the required reserve be kept in State Treasuries. Money exists to be circulated, and any kind of stagnation of money works against the best interests of the State machinery. Money is the lubricant of this machinery and a stagnation of the lubricant may stop the regular working of the mechanism.
These loans burdened the finances of the State with the payment of interest and made them the bonded slaves of these capitals... The concentration of money invested in industry in the hands of capitalists, who have taken that money out of the hands of small investors, has drained away all the juices of the peoples and also the States alongside them...
The available supply of money ought to correspond with the growth of population and therefore children also must absolutely be counted as consumers of currency from the day of their birth. The subject of money supply is a material question for the whole world.
Gentile States Bankrupt
The first irregularity, as we shall point out, consists of their drawing up of a single annual budget which grows year after year owing to the following cause: this budget is consumed within half the year; they then demand a budget to put things right, and they use this up in three months, after which they ask for a supplementary budget. All this ends with a liquidation budget.
But, as the budget of the following year is drawn up in accordance with the sum total of the previous year’s budgets, the annual departure from the normal reaches as much as 50 per cent in a year, and so the annual budget is trebled in ten years.
Thanks to such methods allowed by the carelessness of the Goy States, their treasuries are empty. The period of borrowing which follows has swallowed up what remains, and brought all the Goy States to bankruptcy.
Foreign loans are leeches and there is no possibility of removing them from the body of the State until they fall off of themselves or the State flings them off. But the Goy States do not tear them off; they go on in persisting in putting more on to themselves so that they must inevitably perish, drained by voluntary blood-letting.
Tyranny of Usury
The right to issue interest-bearing bonds will be given exclusively to industrial companies who have no difficulty in paying interest out of their profits. Whereas the State does not make profits on borrowed money like these companies, for the State borrows to spend and not to use in operations.
This measure will stop the stagnation of money, parasitic profits and idleness. These things were useful for us when we were among the independent Goyim, but are not desirable under our own rule.
The favorite courtiers who replaced the rulers in the sphere of ceremonial affairs were placed there by our agents, and every time gave satisfaction to short-sighted minds by promises that future economics and improvements were foreseen... Economics from what? From new taxes? These are questions that might have been, but were not, asked by those who read our accounts and projects.
Replies to Comment # 2. You can add this one too: The Prococols of the Learned Elders of Zion
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