etc
Inactive
Scary stuff.
The scariest is the observation that each cycle ends with a major war, lately a global war.
In a way, the FRS declared a war against the world with the policy of the "dollar", or the Federal Reserve Note acting as the reserve currency, allowing us to have a higher standard of living than the rest of the world.
Now the pendulum is swinging back. The FRN is losing its status that it should have never had in the first place, versus silver standard.
http://www.resourceinvestor.com/News/2005/8/Pages/The-Kondratieff-Winter-Is-Upon-Us.aspx
Briefly, the Kondratieff Wave was developed by a Russian economist named Nickolai Kondratieff (1892-1938) whom Stalin later sent to Siberia to ‘count the birch trees’. The major premise is that “capitalist economies displayed long wave cycles of boom and bust ranging between 50-60 years in duration.”
. . .
Second, this is the first cycle that has occurred on a purely fiat money system so the central banks and particularly the Federal Reserve have the capability of prolonging the cycle by printing money.
DAVID DESLAURIERS: What part of the Kondratieff cycle are we in presently - is winter approaching?
IAN GORDON: We’re in the winter because the peak in the big autumn stock market is always a signal that you’ve entered winter. The big bull market in stocks, bonds and real estate always occurs in the autumn. The previous autumn was the 1921-1929 experience and this autumn was the 1982-2000 experience.
. . .
IAN GORDON: I’m absolutely convinced that the cycle itself is an inflation/deflation cycle so that when the cycle starts at the beginning of spring, inflation is very benign - there is no inflation so this started in our present cycle in 1949, then you go into the summer; summer is always the inflationary part of the cycle because there’s always been a war in the summer - the War of 1812, the U.S. Civil War in the second summer, WWI in the third summer and the Vietnam War in the fourth summer.
