NO ONE GETS OUT OF HERE ALIVE

“The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to plan our way there. The Fourth Turning will try our souls – and the saecular rhythm tells us that much will depend on how we face up to that trial. The saeculum does not reveal whether the story will have a happy ending, but it does tell us how and when our choices will make a difference.”  – Strauss & Howe – The Fourth Turning

As we wander through the fog of history in the making, unsure who is lying and who is telling the truth, seemingly blind to what comes next, I look to previous Fourth Turnings for a map of what might materialize during the 2nd half of this current Fourth Turning. After a tumultuous, harrowing inception to this Crisis in 2008/2009, we have been told all is well and are in the midst of an eleven-year economic expansion, with the stock market hitting all-time highs.

History seemed to stop and we’ve been treading water for over a decade. Outwardly, the establishment has convinced the masses, through propaganda and money printing, the world has returned to normal and the future is bright. I haven’t bought into this provable falsehood. Looking back to the Great Depression, we can get some perspective on our current position historically.

Continue reading “NO ONE GETS OUT OF HERE ALIVE”

This Is The Same Pattern The Fed Followed Before The Great Depression

From Brandon Smith

federal reserve great depression pattern

There is immense confusion surrounding July’s Federal Reserve meeting and the rather insane aftermath that has been spurred on in the trade war. The Fed’s latest rate decision of a mere .25 bps cut was seen as “disappointing”, this was then followed by Jerome Powell’s public statements making it clear that this was only a mid-year “adjustment”, and that it was not the beginning of a rate cutting cycle and certainly not the beginning of renewed QE. This shocked the investment world, which was expecting far more accommodation from the Fed after 7 months of built up expectations that the central bank was about to unleash the stimulus punch bowl again.

Continue reading “This Is The Same Pattern The Fed Followed Before The Great Depression”

FOURTH TURNING ECONOMICS

“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe

Image result for total global debt 2019

The quote above captures the current Fourth Turning perfectly, even though it was written more than a decade before the 2008 financial tsunami struck. With global debt now exceeding $250 trillion, up 60% since the Crisis began, and $13 trillion of sovereign debt with negative yields, it is clear to all rational thinking individuals the next financial crisis will make 2008 look like a walk in the park. We are approaching the eleventh anniversary of this crisis period, with possibly a decade to go before a resolution.

Continue reading “FOURTH TURNING ECONOMICS”

Could the Great Depression Have Been Prevented?

Guest Post by Martin Armstrong

It was not socialism that saved capitalism, it was a shift in the understanding of money itself. George Warren convinced Roosevelt to devalue the dollar and end AUSTERITY, as Germany imposes on Europe today, which reversed the economy.

Continue reading “Could the Great Depression Have Been Prevented?”

WINTER OF OUR DISCONTENT MEETS FYRE FESTIVAL

“When a condition or a problem becomes too great, humans have the protection of not thinking about it. But it goes inward and minces up with a lot of other things already there and what comes out is discontent and uneasiness, guilt and a compulsion to get something–anything–before it is all gone.” ― John Steinbeck, The Winter of Our Discontent

Image result for winter of our discontent Image result for fyre festival

Sometimes I wonder about strange coincidences. In an email exchange with Marc (Hardscrabble Farmer) in the Fall, he mentioned he had begun reading Steinbeck’s Winter of Our Discontent and planned to write an article about it. Coincidentally, I had just bought a used copy of the same novel at Hooked on Books in Wildwood. I didn’t plan on buying it, but I’ve read most of Steinbeck’s brilliant novels and felt compelled by the title and our national state of discontent to select it from among the thousands of books in the store.

Marc had posted his Steinbeck-esque article in December, but I didn’t read it until I had finished the novel. Marc’s perspective on the value of money and his diametrically opposite path from Ethan Hawley, the discontented anti-hero of Steinbeck’s final novel, was enlightening and thought provoking. I’m sure it impacted my consciousness as I wrote this article.

Continue reading “WINTER OF OUR DISCONTENT MEETS FYRE FESTIVAL”

America’s 1% hasn’t had this much wealth since just before the Great Depression

Via Marketwatch

It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style.

New research says America’s ultra-rich haven’t held as much of the country’s wealth since the Jazz Age, those freewheeling times before the country’s finances shattered. “U.S. wealth concentration seems to have returned to levels last seen during the Roaring Twenties,” wrote Gabriel Zucman, an economics professor at the University of California, Berkeley.

Continue reading “America’s 1% hasn’t had this much wealth since just before the Great Depression”

2019 FROM A FOURTH TURNING PERSPECTIVE

“An impasse over the federal budget reaches a stalemate. The president and Congress both refuse to back down, triggering a near-total government shutdown. The president declares emergency powers. Congress rescinds his authority. Dollar and bond prices plummet. The president threatens to stop Social Security checks. Congress refuses to raise the debt ceiling. Default looms. Wall Street panics.” – The Fourth Turning – Strauss & Howe

Image result for budget impasse trump schumer

Strauss and Howe wrote their book in 1996. They were not trying to be prophets of doom, but observers of history able to connect events through human life cycles of 80 or so years. Using critical thinking skills and identifying the most likely triggers for crisis: debt, civic decay, and global disorder, they were able to anticipate scenarios which could drive the next crisis, which they warned would arrive in the mid-2000 decade. The scenario described above is fairly close to the current situation, driven by the showdown between Trump and the Democrats regarding the border wall.

It has not reached the stage where all hell breaks loose, but if it extends until the end of January and food stamp money is not distributed to 40 million people (mostly in urban ghettos) all bets are off. The likelihood of this scenario is small, but there are numerous potential triggers which could still make 2019 go down in history as a year to remember.

Continue reading “2019 FROM A FOURTH TURNING PERSPECTIVE”

THE FOURTH TURNING & WAR OF THE WORLDS

Image result for fake news cnn Image result for illegal immigrant invasion

Image result for bomb hoax Image result for fourth turning war

“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe

The paragraph above captures everything that has happened, is happening, and will happen during this Fourth Turning. It was written over two decades ago, but no one can deny its accuracy regarding our present situation. The spark was a financial crash. The response to the financial crash by the financial and governmental entities, along with their Deep State co-conspirators who created the financial collapse due to their greed and malfeasance, led to the incomprehensible election of Donald Trump, as the deplorables in flyover country evoked revenge upon the corrupt establishment.

Continue reading “THE FOURTH TURNING & WAR OF THE WORLDS”

The Depression Playbook

Authored by Jeff Thomas via InternationalMan.com,

A crash is coming, and it may be terrific… The vicious circle will get in full swing and the result will be a serious business depression. There may be a stampede for selling which will exceed anything that the Stock Exchange has ever witnessed…Wise are those investors who now get out of debt.

— Roger Babson, September, 1929

In the run-up to the 1929 crash, which heralded in the Great Depression, many pundits claimed that the new highs in the market signified that the business cycle had been “repealed.”

Stocks had never enjoyed such a bull market before, and this led many to believe that “the sky’s the limit.” All over the US, people put all the money they could find into stocks. Then, wanting to buy more, they bought on margin. Then, wanting still more, they borrowed privately to buy on margin – a double-dip into debt.

Continue reading “The Depression Playbook”

THIS DAY IN HISTORY – Dust storm sweeps from Great Plains across Eastern states – 1934

Via History.com

On this day in 1934, a massive storm sends millions of tons of topsoil flying from across the parched Great Plains region of the United States as far east as New York, Boston and Atlanta.

Continue reading “THIS DAY IN HISTORY – Dust storm sweeps from Great Plains across Eastern states – 1934”

WINTER IS COMING (PART THREE)

“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 

Image result for swirling fog game of thrones

In Part One of this article I laid out the reasons for Gray Champions arising to meet challenges during crisis periods in history. In Part Two of this article I assessed the configuration of Gray Champions throughout the world and the potential impact on the course of this Fourth Turning.

The swirling fog of confusion enveloping the globe as the high lords of the universe play their game of thrones has even the most critical thinking individuals baffled by the course of events. The desperation and blatant lawlessness of the Deep State players in their endeavor to preserve their hegemony over the course of global affairs is palpable with every attack, false flag, accusation, and ratcheting up of their propaganda media machine.

Like Game of Thrones, the behind the scenes machinations, subterfuge, and deceptions taking place outside the purview of the common folk are designed to only benefit the rich and powerful players undertaking these traitorous actions. Open warfare will not happen until it is thought to be in the best interests of those manipulating the levers of society and the narrative produced by their perpetual propaganda media machine. But, in the end, it will be the innocent common people who will suffer the consequences, while the lords reap the riches, glory and power.

Continue reading “WINTER IS COMING (PART THREE)”

WINTER IS COMING (PART TWO)

“Don’t think you can escape the Fourth Turning the way you might today distance yourself from news, national politics, or even taxes you don’t feel like paying. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted. The Fourth Turning necessitates the death and rebirth of the social order. It is the ultimate rite of passage for an entire people, requiring a luminal state of sheer chaos whose nature and duration no one can predict in advance.” – Strauss & Howe – The Fourth Turning

 

Click to visit the TBP Store for Great TBP Merchandise

In Part One of this article I laid out the reasons for Gray Champions arising to meet challenges during crisis periods in history. We are ten years into this Crisis and I have been pondering where we go from here. The plot line of the Game of Thrones has opened my eyes to the fact there isn’t just one Gray Champion during a Fourth Turning. During the Civil War, Jefferson Davis and Robert E. Lee were Transcendental prophet generation representatives of the Confederacy. Abraham Lincoln and William Tecumseh Sherman were Gray Champions of the Union.

These were men who would do anything to further their cause, from ordering thousands of men to their deaths on Cemetery Ridge, to burning down cities, to suspending the writ of Habeas Corpus, and seceding from the Union. They were destined to brandish their terrible swift swords in achieving total indisputable victory. But, we know only one side could win.

During the World War II/Great Depression crisis FDR is known as the Gray Champion who took drastic measures on the economic front with his New Deal and sent 16 million young men into battle on a scale never seen in history. Douglass MacArthur commanded many of those men in battles to the death across the Pacific. What is less discussed is the fact Winston Churchill and Joseph Stalin were also members of the Missionary prophet generation and were the Gray Champions of their nations.

Continue reading “WINTER IS COMING (PART TWO)”

WINTER IS COMING

“Summer will end soon enough, and childhood as well.” – George R.R. Martin, Game of Thrones

Image result for winter is coming game of thrones

“Reflect on what happens when a terrible winter blizzard strikes. You hear the weather warning but probably fail to act on it. The sky darkens. Then the storm hits with full fury, and the air is a howling whiteness. One by one, your links to the machine age break down. Electricity flickers out, cutting off the TV. Batteries fade, cutting off the radio. Phones go dead. Roads become impassible, and cars get stuck. Food supplies dwindle. Day to day vestiges of modern civilization – bank machines, mutual funds, mass retailers, computers, satellites, airplanes, governments – all recede into irrelevance.

Picture yourself and your loved ones in the midst of a howling blizzard that lasts several years. Think about what you would need, who could help you, and why your fate might matter to anybody other than yourself. That is how to plan for a saecular winter. Don’t think you can escape the Fourth Turning. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted.” – Strauss & Howe The Fourth Turning

I’m always a little behind when it comes to popular TV, especially when the shows are on premium cable channels. Being cheap, I’ve refused to pay for any premium cable channels, plus I’ve spent much of my life on baseball fields and in hockey rinks, rather than watching TV. When my kids recently signed up for HBO Now, I finally got to watch The Sopranos, eleven years after its final episode aired. Now I’m finally able to watch Game of Thrones, after it has been on the air for seven seasons. In the opening episodes I was impressed by the theme which permeates the series. Numerous characters stated “Winter is Coming”. I was immediately struck by the parallels with the Fourth Turning theory about the cyclical nature of our world.

Continue reading “WINTER IS COMING”

WE ARE ALL WE HAVE

Guest Post by Hardscrabble Farmer

My grandmother and her siblings grew up in the middle of The Great Depression. She used to tell me stories about growing up and there were lessons baked in those stories.

They never had money, but they never went hungry.

They stuck together as a family and lived in a tight knit community.

The men all had skills that allowed them to earn enough to purchase the things they couldn’t raise or make for themselves: carpentry, plumbing, hunting, fishing.

The women all had huge gardens and knew how to preserve food for the Winter.

Continue reading “WE ARE ALL WE HAVE”

THE UNBEARABLE SLOWNESS OF FOURTH TURNINGS (PART TWO)

In Part 1 of this article I provided the background regarding the phases of Fourth Turnings and where we stand nine years into this period of crisis. I will now ponder what could happen during the remainder of this Fourth Turning.

“History offers no guarantees. Obviously, things could go horribly wrong – the possibilities ranging from a nuclear exchange to incurable plagues, from terrorist anarchy to high-tech dictatorship. We should not assume that Providence will always exempt our nation from the irreversible tragedies that have overtaken so many others: not just temporary hardship, but debasement and total ruin. Losing in the next Fourth Turning could mean something incomparably worse. It could mean a lasting defeat from which our national innocence – perhaps even our nation – might never recover.” – Strauss & Howe – The Fourth Turning

The most important point to comprehend is the death of the existing social order always occurs during the course of a Fourth Turning. Thus far, those constituting the Deep State hierarchy have fended off their demise. They are utilizing every tool at their disposal to retain their wealth, power and control. As their mass media propaganda machine falters, they have redoubled their rigging of financial markets to promote a narrative of economic recovery, while further enriching themselves and their cronies.

It is clear they have reached the peak of financial manipulation, money printing, and artificial interest rate suppression. The narrative is faltering. Their last and final option to retain power is war. As their “everything bubble” (stocks, bonds, real estate) inevitably implodes, civil and/or global military conflict will be utilized to distract the populace from their Deep State domestic disasters.

Continue reading “THE UNBEARABLE SLOWNESS OF FOURTH TURNINGS (PART TWO)”

THE UNBEARABLE SLOWNESS OF FOURTH TURNINGS

“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 

This Fourth Turning was ignited suddenly in September 2008 as the housing bubble, created by the Federal Reserve and their criminal puppeteer owners on Wall Street, collapsed, revealing the greatest control fraud in world history. A crisis mood was catalyzed as the stock market dropped 50%, unemployment surged to highs not seen since 1981, foreclosures exploded, and captured politicians bailed out the criminal bankers with the tax dollars of the victims.

The mood of the country darkened immediately as average Americans flooded their congressmen’s websites and phone lines with a demand not to bailout the felonious Wall Street banks with $700 billion of TARP. But they ignored their supposed constituents and revealed who they are truly beholden to.

Continue reading “THE UNBEARABLE SLOWNESS OF FOURTH TURNINGS”