600 years of human history has shown that the average lifespan of a global reserve currency is equal to a “saeculum” – or “human lifetime” – of about 80-90 years, broken down into four 20-year generations. The best-selling book, “The Fourth Turning,” goes through history and demonstrates this 4-phase evolution:
First generation: High – This is an era when institutions are strong and society is confident about where it wants to go. America’s most recent First Turning was the post-World War II American High, beginning in 1946 and ending with the assassination of President John F. Kennedy.
Second generation: Awakening – This is an era when institutions are attacked in the name of personal and spiritual autonomy. People suddenly tire of social discipline and want to recapture a sense of personal authenticity. America’s most recent Awakening was the “Consciousness Revolution,” which spanned from the campus and inner-city revolts of the mid-1960s to the reelection of Ronald Reagan.
Third generation: Unraveling – This is an era when institutions are weak and distrusted, while individualism is strong and flourishing. America’s most recent Unraveling was the Long Boom and Culture War, beginning in the mid-1980s and ending in the late 2000s.
Fourth generation: Crisis – This is an era in which institutional life is destroyed and rebuilt in response to a perceived threat to the nation’s survival. America’s most recent Fourth Turning began with the stock market crash of 1929 and climaxed with the end of World War II.
6 comments:
the article is written by a company that sells metals. coincidence?
Could be but fractional banking in America is just a pyramid scheme, like bernie madoff. Just look on the back of your federal reserve notes
Market up today following a normal hiccup.
Even Social Security is a Pnzi scheme!!
When the dollar collapses,you cant eat metals so what good would they be?
I wonder if Bitcoin is the N W O currency hardly noticed?
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