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domo

The Mega Rolling Top

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I think western civilisation has really been on a long term rolling top where the quality of those tops decreases over time. Let me explain... The top in western industrial growth and might was really in the 1800s, the industrial revolution, also the peak of our empire and the top in terms of monetary soundness (gold standard). Then the establishment of the fed in 1914 really market some kind of sea change in that area. Then the top in living conditions seemed to come in the late 60s, households could survive on one income back then without getting into masses of debt. We then had a downturn in the 70s and everything from the early 80s onward was an epic debt fueled, socialist nightmare (although you could argue that debt and the monetary system have displayed this deterioration since the early 1900s). The peak in good mood occurred with the stock market bubble top in 2000, which has since deflated in real terms. Western societies attitude has really changed for the more politically negative and conservative and fiscal policy has become massively reckless and suicidal in an environment of amazing complacency. Then the credit bubble continued to expand all through to 2007. To me the last innings have been played out, I really followed this stuff from early 2006, and every interim peak (may 2006, feb 2007) the bears would think it must finally be over. But its just so OBVIOUS now. There are some minor bubbles still to deflate but I think we have passed PEAK FINANCE. The thing which has really been holding the subtle profound deterioration of western society together.

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I think western civilisation has really been on a long term rolling top where the quality of those tops decreases over time. Let me explain... The top in western industrial growth and might was really in the 1800s, the industrial revolution, also the peak of our empire and the top in terms of monetary soundness (gold standard). Then the establishment of the fed in 1914 really market some kind of sea change in that area. Then the top in living conditions seemed to come in the late 60s, households could survive on one income back then without getting into masses of debt. We then had a downturn in the 70s and everything from the early 80s onward was an epic debt fueled, socialist nightmare (although you could argue that debt and the monetary system have displayed this deterioration since the early 1900s). The peak in good mood occurred with the stock market bubble top in 2000, which has since deflated in real terms. Western societies attitude has really changed for the more politically negative and conservative and fiscal policy has become massively reckless and suicidal in an environment of amazing complacency. Then the credit bubble continued to expand all through to 2007. To me the last innings have been played out, I really followed this stuff from early 2006, and every interim peak (may 2006, feb 2007) the bears would think it must finally be over. But its just so OBVIOUS now. There are some minor bubbles still to deflate but I think we have passed PEAK FINANCE. The thing which has really been holding the subtle profound deterioration of western society together.

Oh yes - the great global leveling has begun!

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how in gods name is this a 'socialist' nightmare? are you saying that bush and the neo-cons are socialist?

They certainly are.

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I think western civilization has really been on a long term rolling top where the quality of those tops decreases over time.

I think your time-line is probably close to the mark domo. I would add the "oil factor" to it and suggest that without the discovery of American oil and its subsequent exploitation, western civilization could well have been trumped long ago. The ability of a barrel of oil to do the work of thousands of men has been the only thing sustaining us over the last 100 years IMO. World oil discovery peaked in the 1960's and American production peaked in the early 1970's, since then it has grown ever more expensive. 1970 saw us walking on the moon, flying in supersonic passenger jets and using home computers but it's been all downhill since then. No moon bases or flights to Mars, the concord's day is over and it wasn't superseded. Computers are faster now but are still just the same basic technology.

I think it's obvious we're well past the zenith and I think personally we have been privileged to live through one of the best times in recorded history.

Future generations will look back on our time with wonder and confusion.

circa 3008

"What did those ancients do with all those valuable hydrocarbons that they found under the surface of the earth mummy?"

"They burned them Dear"

"BURNED THEM!!!"

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I think western civilisation is a bit older than our current financial system.

Confusing the two is something Wall Street and their lackeys in the media do all the time.

The demise of institutions such as Bear Sterns is not the end of the western world. In fact it might actually be its salvation.

Edited by up2nogood

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What I mean is that, say society progresses in waves, as a wave of progress comes along it peaks in real terms (ie 1800s) then there'a a kind of momentum of apparent growth while the underlying structure deteriorates. When the Roman empire collapsed and that structure gave way, it made way for a massive new period of expansion after the Dark ages.

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Guest mattsta1964
how in gods name is this a 'socialist' nightmare? are you saying that bush and the neo-cons are socialist?

Yes

They are

They are certainly NOT free market capitalists. The Republican Party today is much more akin to socialism, welfare programmes, big government, intrusive big brother type authortariansim.

McCain is hated by many of the old school Republicans because he is ABSOLUTELY NOT conservative.

America is NOT a free market capitalist society. It is a corporate militarist oligarchy. The nearest political idealology is fascism, authortarian government backed by corporate power and the military industrial complex.

It is PURE FEKKN EVIL actually

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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