Re: Higgenbotham's Dark Age Hovel
Posted: Sun Apr 13, 2025 2:22 pm
John wrote: Wed Dec 16, 2020 1:37 pm Here are the two major Generational Dynamics predictions:
You do not have to "believe" in Generational Dynamics or any religion
- World War III, most likely with China.
- Global financial crisis.
to consider these predictions valid.
There were two world wars in the last century, plus massive additional
wars on several continents, and there have been massive wars in every
region in every century for millennia. So it's 100% certain that
there will be multiple crisis wars in this century.
If you don't believe that, then you must believe in your own religion
-- that the problem of war has been "solved." Maybe you'd be like the
believers in the historial fantasy in 1929 when the US led the world
in signing the Kellogg-Briand Pact, which outlawed war and made war
illegal. Frank Kellogg earned the Nobel Peace Prize in 1929 for his
work on the Peace Pact. Maybe Xi Jinping is looking forward to
getting his own Nobel Peace Prize.
It's like "La Belle Époque." There were two world wars in the last
century, plus massive wars on every continent, and there have been
massive wars on every continent in every century for millennia, but
everyone believes their own fantasies and nobody believes that war is
even possible until it starts. Then they ruefully wish that they had
taken even some simple steps to prepare.
https://www.thoughtco.com/the-belle-epo ... ge-1221300
So the prediction of multiple world wars and crisis wars does not
require any religious belief. It is based entirely on millennia of
history, and the "religious" belief would be that there would be no
world wars.
The prediction of a global financial crisis is, once again, based on
millennia of history. You don't have to believe in any religion to
recognize a series of international bubbles and financial crises that
occurred at regular intervals: the 1637 Tulipomania bubble, the South
Sea bubble of the 1710s-20s, the bankruptcy of the French monarchy in
the 1789, the Panic of 1857, and the 1929 Wall Street crash. We're now
overdue for the next one. If you don't like those examples, there are
plenty of other examples that you can research in every country in
every century throughout history.
Once again, for you to believe that there won't be a global financial
crisis then you'd have to have a "religious" belief that global
interlocking debt can increase indefinitely. There actually is a
religion that holds this belief. That religion is called Modern
Monetary Theory (MMT), which says that an infinite amount of money can
be printed and debt can be accumulated, and it will never have to be
paid back. This is a great religion, but it has no basis in reality,
or in history.
However, I would like to commend "tim", whose predictions have been
consistent with history and reality.