2034 when the 78 cycle predicts this current global crisis to bottom.
ha ha ha .
just forget that -
Hey "birdbrain" (your avatar and your DunningKruger effect behavior), click on the link in the quote below and read the details to correct your ignorance:
Side note, Martin Armstrong's 78 year (i.e. 3 x 26 year human maturity generations) real estate cycle predicts that bottom in 2033. I wrote that the 26 year downhill portion of this cycle
appears to repeatably correspond with massive unemployment (and a major war) due to a new technological paradigm, e.g. the early 1900s destruction of cottage industry by mass production and now the destruction of menial labor by the personal computer automation and robotics. In the 1700s, it was agricultural technology disruption of employment. The masses delay their adjustment to the new skills with debt and socialism, which thus causes the resultant financial crisis to drag on longer and be more severe.
And this "Crisis" is not Global its "Western" , its just that the West expanded to touch a lot of the globe with a debt money system, that worked by expansion of effective "capital" based on a singluar directional information system(s).
http://www.mpettis.com/2012/06/11/what-is-globalization/#comment-18964Why i pull up your factually inccorrect comment , and why it is important to correct you , is becasue many nations are going to walk away with a lot of the GPD of the world in an effective "transfer of wealth", the same could be said for Cryptocurrency -
There is a transfer of wealth from people don't work (Western debt-funded consumption) to those who do work (the poor in the developing world who are slaving away). However this transfer is done in the context of debt funding for fixed capital (real estate & infrastructure) investment in the developing world, as the developing world is massively short the dollar with dollars bond issues and dollar loans soaking up a lot of the QE from the west, since interest rates are negative in the west. Thus the bankers manage and own the transfer in the macro perspective.
that is not to say i'm saying; "The West , give up on it" , that's not what i'm saying , i'm saying a 78 Cycle can't predict the Internet multidimensional effect on information and it didn't predict the Television.
It sure did predict the technological revolutions that cause the massive unemployment, which cause the socialism to sustain a generation who can't make the shift to the new skills. See my link in the quote of myself above for the proof.
Be careful. I know more than you think I do. It will be revealed in onion layers as you make a public display of your arrogant ignorance, as I have done to numerous others in these threads.