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.
"massive unemployment and a major war due to a new technological paradigm" sounds scary -
Unfortunately you have missed a very large part of the human entity out of your argument and you seem to be arguing about labor and "computer automation and robotics"
While i can understand how that gels in a standard economic equation -{i.e what you learn from school and Uni} you have left out the a few of the benefits dear Anony -
I will break it down like this: < there is nothing secret in what i say i've been saying the same thing for years, and Ive watched it happen.
1. humans are a product of their fundamental input and output information ,
2. you might want to call this "reality", but its easier to call it "faith"
3. here is a hint , get a chart and overlay the equation of when information was the most distributed against your up and down economic Cycle -
4. you might find an interesting thing.
you see the Matrix was of course a comedy - when humans understand the least in the proportional amount , the world "seems" better - some of that becomes actual self fulfilling prophecy - {just like the dollar note in your hand has perceived value -}
this is why "money is only a confidence game" - you need to go and speak to some of the people that "Rule the world" - ...{all free of course} and some homework....
why do we have wars?
when was the last major war? where information played a part and what was the result ?
also when was the last major "Western" war in which a "western country" fought another "Western country" < can you remember it? < tell me about iti look forward to this interesting discussion we are going to have. 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.
ok - that's all wrong , the only successful "export of inflation" is now with fewer and fewer hands unfortunately for .. well i guess the people with the "wealth" - it is not "loans in the Developing world" that is soaking up QE it is pure recycling of notes and treasuries, you need to look into Japan to understand this, - nothing is being managed - the financial world ended in 2008 - its over it ended i call this "opportunity land" that we are living in , if you can't understand that , then perhaps i can't make you understand , everything that many people would have called "reality" ended in 2008, you might want to look at it like a plane with both engines cut off - this is called gliding. Do i think that it will cause a major war? - i was 60 40 towards that - now i'm 80 20 against , i'd say not a chance - should have happened by now .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.