ckaihatsu wrote:Hmmmm, interest rates have been at 1% or lower for *decades* now, so I really don't think that there's much *at stake*. We're not in an era of intense international dynamism, like the 20th century that you referenced.
Neither can there really be a 'major economic meltdown', because prevailing rates of industrial productivity are such that *deflation* is the norm, as the video indicates, rather than the *inflationary*, turbulent, competitive scenario that *you* have in mind.
The rich are making their money through *finance*, buttressed / funded mostly by government funds, as you noted.
Breathing a little easier now?
Let me say again, Straus & Howe predicted this is 1997, In 2 books "Generations" & "The Fourt Turning". Their theory is the human history goes in cycles of about 80 years duration. That is 4 generations. Because each generation raises the next, it influences how it turns out. Some oare over protected and some under protected, for example. We are in the mist of a 4th Turning, which means a time of massive change. The last example of the 4th Turning began in Oct. 1929 and ended in 1945 or '46. In 1929 the national mood was, "I've got mine, you need to get yours", in 1946 the mood was, "if we all work together, we can do anything (even send men to walk on the moon).
. . . This 4th Turning began sometime in 2008 ansdwill end sometime near 2028. In 2008 the national mood was again, "I've got mine, you need to get yours", in 2028 the mood will be more like, "if we all work together, we can do anything, (even reduce carbon emissions to almost zero).
. . . But, that is just in America. Straus abd Howe claim it now extends to the whole world.
. . . All 4th Turnings see massive changes and, in the past, always saw a big war. In the US they were the Revolutinary War, the Civil War, and WWII. In England before the American Colonies leaving the Empire, it was The Glorious Revolution of 1688.
In France the French Revolution was an example of a 4th Turning.
So yes, this is a time of troubles and massive changes.