Fourth Turning - The Shadow of Crisis Has Not Passed: Part Two

By: The Burning Platform | Wed, Feb 11, 2015
Print Email

In Part One of this article I laid the groundwork of the Fourth Turning generational theory. I refuted President Obama’s claim that the shadow of crisis has passed. The shadow grows ever larger and will engulf the world in darkness in the coming years. The Crisis will be fueled by the worsening debt, civic decay and global disorder. I will address these issues in this article.

Consequences Just Ahead


Debt, Civic Decay & Global Disorder

The core elements propelling this Crisis – debt, civic decay, and global disorder – were obvious over a decade before the financial meltdown catalyst sparked this ongoing two decade long Crisis. With the following issues unresolved, the shadow of this crisis has only grown larger and more ominous:


Debt

US National Debt 1980-2019

Total Credit Market Debt

"To honor these obligations we could (a) raise all federal taxes, immediately and permanently, by 57%, (b) cut all federal spending, apart from interest on the debt, by 37%, immediately and permanently, or (c) do some combination of (a) and (b)."

The level of taxation and/or Federal Reserve created inflation necessary to honor these politician promises is too large to be considered feasible. Therefore, these promises, made to get corrupt political hacks elected to public office, will be defaulted upon.

S&P Stock Buybacks

Total margin Debt versus GDP


Civic Decay

Labor Force Participation

Real Median Household Income

Share of Global Wealth

"The Party seeks power entirely for its own sake. We are not interested in the good of others; we are interested solely in power, pure power."

NSA Worldwide Surveillance Center in Utah

SWAT Raid Facts

Ron Paul Quote

Trens in American Public Schooling

"The more corrupt the state, the more numerous the laws."Tacitus – The Annals of Imperial Rome


Global Disorder

Demostrations

Baltic Dry Index

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."Ludwig von Mises

Japanese Government Debt/GDP

Greek National Debt to GDP

The dominoes are beginning to fall. The initial spark in 2008 has triggered a series of unyielding responses by those in power, but further emergencies and unintended consequences juxtapose, connect and accelerate a chain reaction that will become uncontainable once a tipping point is reached. The fabric of society is tearing at points of extreme vulnerability, with depression, violence and war on the foreseeable horizon. Mr. President, the shadow of crisis has not passed. The looming shadow of crisis grows ever larger and darker by the day as this Crisis enters the most dangerous phase, where the existing social order will be swept away in a torrent of carnage and ferocious struggle. We are not a chosen people. We are not immune from dire outcomes. There are evil men wielding power and influence over our nation and their actions could lead to tragic consequences. The future course of our country hangs in the balance, as Strauss & Howe so forebodingly warned in 1997:

"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."The Fourth Turning – Strauss & Howe

In Part Three of this article I’ll examine how the seeds of this Crisis were planted during the resolution of the previous Crisis.

 


 

The Burning Platform

Author: The Burning Platform

The Burning Platform

Copyright 2013-2017 © The Burning Platform

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com