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Our society has entered a fourth turning (consisting of the twenty-year periods leading up to and out of it immediately.)......I think the fourth turning started -- probably, if I were to date it now -- in 2008....
We are sort of hobbling along in kind of a low-earth orbit, with continued high unemployment and excess capacity -- not just in the United States, but around the world. And, of course, all the rules of economic policy seem broken and lie in fragments on the floor. People are wondering what the heck do we do in this new era.
I am nervous. I am nervous about the future right now. I think we have a lot more deep issues, deep crises to save in the economy. I am also very nervous about what I see geopolitically.
We cannot possibly afford the government we have promised ourselves. And, that will be a painful process of deleveraging, and it is not just deleveraging the explicit debt that we have already actually formally borrowed, it is all the implicit debt. And, I think we will deal with it, because we have no other choice.
But, my point is this: No one simply solves a terrible problem on a sunny day when they can afford at least for the time being to look the other way. Problems like that are faced when people have no other choice, and it is a really grim day. And, it is white-knuckle time and horrible things are happening with markets around the world, or horrible things are happening, at least historically, we have seen that geopolitically around the world. And, that is when people are forced to act.
Originally posted by Happy1
reply to post by surrealist
He seems to be just aiding and abetting the new world order - new age religion disorder.
That is going to be the new Bretton Woods, the new World Bank, the IMF, the United Nations, right?.... That is going to be a whole new global infrastructure that will set the stage for the next first turning, an era suddenly of surprising social stability and general optimism about the future,.