Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Eiro-group Review –The power of trading education - 4th Dec 20
Early Investors set to win big as FDA fast-tracks this ancient medicine - 3rd Dec 20
New PC System Switch On, Where's Windows 10 Licence Key? Overclockers UK OEM Review (5) - 3rd Dec 20
Poundland Budget Christmas Decorations Shopping 2020 to Beat the Corona Economic Depression - 3rd Dec 20
What is the right type of insurance for you, and how do you find it? - 3rd Dec 20
What Are the 3 Stocks That Will Benefit from Covid-19? - 3rd Dec 20
Gold & the USDX: Correlations - 2nd Dec 20
How An Ancient Medicine Is Taking On The $16 Trillion Pharmaceutical Industry - 2nd Dec 20
Amazon Black Friday vs Prime Day vs Cyber Monday, Which are Real or Fake Sales - 1st Dec 20
The No.1 Biotech Stock for 2021 - 1st Dec 20
Stocks Bears Last Chance Before Market Rally To SPX 4200 In 2021 - 1st Dec 20
Globalists Poised for a “Great Reset” – Any Role for Gold? - 1st Dec 20
How to Get FREE REAL Christmas Tree 2020! Easy DIY Money Saving - 1st Dec 20
The Truth About “6G” - 30th Nov 20
Ancient Aztec Secret Could Lead To A $6.9 Billion Biotech Breakthrough - 30th Nov 20
AMD Ryzen Zen 3 NO UK MSRP Stock - 5600x, 5800x, 5900x 5950x Selling at DOUBLE FAKE MSRP Prices - 29th Nov 20
Stock Market Short-term Decision Time - 29th Nov 20
Look at These 2 Big Warning Signs for the U.S. Economy - 29th Nov 20
Dow Stock Market Short-term and Long-term Trend Analysis - 28th Nov 20
How To Spot The End Of An Excess Market Trend Phase – Part II - 28th Nov 20
The Gold Stocks Correction is Maturing - 28th Nov 20
Biden and Yellen Pushed Gold Price Down to $1,800 - 28th Nov 20
Sheffield Christmas Lights 2020 - Peace Gardens vs 2019 and 2018 - 28th Nov 20
MUST WATCH Before You Waste Money on Buying A New PC Computer System - 27th Nov 20
Gold: Insurance for Prudent Investors, Precious Metals Reduce Risk & Preserve Wealth - 27th Nov 20
How To Spot The End Of An Excess Market Trend Phase - 27th Nov 20
Snow Falling Effect Christmas Lights Outdoor Projector Amazon Review - 27th Nov 20
4 Reasons Why You Shouldn't Put off Your Roof Repairs - 27th Nov 20
Further Clues Reveal Gold’s Weakness - 26th Nov 20
Fun Things to Do this Christmas - 26th Nov 20
Industries that Require Secure Messaging Apps - 26th Nov 20
Dow Stock Market Trend Analysis - 25th Nov 20
Amazon Black Friday Dell 32 Inch S3220DGF VA Curved Screen Gaming Monitor Bargain Deal! - 25th Nov 20
Biden the Silver Bull - 25th Nov 20
Inflation Warning to the Fed: Be Careful What You Wish For - 25th Nov 20
Financial Stocks Sector ETF Shows Unique Island Setup – What Next? - 25th Nov 20
Herd Immunity or Herd Insolvency: Which Will Affect Gold More? - 25th Nov 20
Stock Market SEASONAL TREND and ELECTION CYCLE - 24th Nov 20
Amazon Black Friday - Karcher K7 FC Pressure Washer Assembly and 1st Use - Is it Any Good? - 24th Nov 20
I Dislike Shallow People And Shallow Market Pullbacks - 24th Nov 20
Small Traders vs. Large Traders vs. Commercials: Who Is Right Most Often? - 24th Nov 20
10 Reasons You Should Trade With a Regulated Broker In UK - 24th Nov 20
Stock Market Elliott Wave Analysis - 23rd Nov 20
Evolution of the Fed - 23rd Nov 20
Gold and Silver Now and Then - A Comparison - 23rd Nov 20
Nasdaq NQ Has Stalled Above a 1.382 Fibonacci Expansion Range Three Times - 23rd Nov 20
Learn How To Trade Forex Successfully - 23rd Nov 20
Market 2020 vs 2016 and 2012 - 22nd Nov 20
Gold & Silver - Adapting Dynamic Learning Shows Possible Upside Price Rally - 22nd Nov 20
Stock Market Short-term Correction - 22nd Nov 20
Stock Market SPY/SPX Island Setups Warn Of A Potential Reversal In This Uptrend - 21st Nov 20
Why Budgies Make Great Pets for Kids - 21st Nov 20
How To Find The Best Dry Dog Food For Your Furry Best Friend?  - 21st Nov 20
The Key to a Successful LGBT Relationship is Matching by Preferences - 21st Nov 20
Stock Market Dow Long-term Trend Analysis - 20th Nov 20
Margin: How Stock Market Investors Are "Reaching for the Stars" - 20th Nov 20
World’s Largest Free-Trade Pact Inspiration for Global Economic Recovery - 20th Nov 20
Dating Sites Break all the Stereotypes About Distance - 20th Nov 20

Market Oracle FREE Newsletter

FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

Perfect Storm - This Fourth Turning has Over a Decade of Continuous Storms to Come

Politics / Social Issues Jul 17, 2017 - 05:39 AM GMT

By: James_Quinn


Several weeks ago I had to drive west on the Pennsylvania Turnpike to pick up my son after his sophomore year at Penn State. I’ve made this trip a dozen times over the last few years, since this is my second son attending Penn State, with a third starting in the Fall. It’s a tedious, boring, protracted, four hour trek through the rural countryside of the Keystone State. During these trips my mind wanders, making connections between the landscape and the pressing issues facing the world. I can’t help but get lost in my thoughts as the miles accumulate like dollars on the national debt clock.

More often than not I end up making the trip in the midst of bad weather. And this time was no different. The Pennsylvania Turnpike is a meandering, decades old, dangerous, mostly two lane highway for most of its 360 mile span. Large swaths of the decaying interstate are under construction, as the narrative about lack of infrastructure spending is proven false by visual proof along the highways and byways of America.

The real infrastructure crisis is below ground in urban shitholes where 100 year old water and sewer pipes fail on a regular basis, but bankrupt Democrat politicians divert their steadily declining tax revenues to bloated pensions of government lackeys. Infrastructure spending is only interesting to politicians if they can name it after themselves and have a ribbon cutting ceremony. Replacing water and sewer pipes before they explode isn’t sexy, so it won’t be done.

A winding two lane highway, with a speed limits of 70 mph, and jam-packed with 18 wheelers driven by sometimes sleepy and often aggressive truckers already leads to a pressure packed few hours. Add rain to the mixture and you ratchet up the blood pressure. Ramp that up to torrential downpours and heavy fog and you’ve got white knuckles, strained neck muscles and an occasional prayer regarding that big rig crawling up your ass. I was lucky enough to be faced with torrential rains and fog for the first two hours of the trip. I was tense, cautious, concerned and careful.

The way I felt during that treacherous drive is how I feel about the course our country and world is facing as the precarious and perilous portion of this methodical, but ultimately bloody Fourth Turning, reaches its climax. Since the election of Donald Trump in November, it feels like dark storm clouds have been gathering just over the horizon. I supported Trump for president and was among the few who believed the silent majority (aka deplorables) in flyover country were not being taken into account by the corrupt liberal mainstream media rigged polls.

I was elated that Hillary Clinton was not going to be my president. Trump’s rhetoric regarding illegal immigration, repealing and replacing Obamacare, cutting taxes, reducing spending, reversing our interventionist military adventures, cutting government red tape, and keeping the Supreme Court from going further left, was music to my ears. I found his relentless assault upon the fake news media and left wingers to be extremely entertaining during the campaign and have continued to be amused by his pugnaciousness and daily tweet storm launched against CNN and the rest of the fake news media.

The focus of my writings and blog over the last nine years has been on the economic issues which imperil the future for my children and the children of millions of other hard working Americans. Trump’s accomplishments thus far include filling the vacant Supreme Court slot with a conservative judge, backing out of TPP, backing out of the Paris Accord, reducing illegal immigration through enforcement of existing laws, and reversing numerous Obama executive orders.

As someone who concentrates on fiscal issues, I’ve been disappointed with many of Trump’s cabinet selections, failure to lead on the Obamacare repeal and replace efforts, lack of progress on tax cuts, unwillingness to address the $200 trillion of unfunded welfare liabilities, inability to make progress with his wall, and his seeming capture by the military industrial complex.

Trump’s victory has prompted an all-out assault from the violent left wingers funded by George Soros and spurred on by the unrelenting fake news media outlets. They will stop at nothing to discredit and destroy Trump’s presidency. Violence on left wing campuses across the country, where they have safe spaces to burn and destroy, has begun to be met by Trump supporters willing to fight back when confronted.

The relentless fake news propaganda spewed by MSNBC, CNN, NYT, Washington Post and the rest of the left wing media incited a radical lefty to try and slaughter dozens of Republican congressmen. The false narrative of right wing violence has been obliterated, as left wing domestic terrorists are intent on creating a civil war in order to violently overturn the legal outcome of a fair election.

Trump’s non-interventionist bombast during the campaign has proven to be empty promises as Deep State neo-con operatives, on the behest of the military industrial complex, have gained control of Trump’s foreign policy agenda. Missiles have been launched into Syria based upon a false flag gas attack blamed on Assad’s forces. Trump continues to arm supposedly moderate rebels (aka Al Qaeda) attempting to overthrow the Assad regime.

More American troops continue to be sent to Iraq and Afghanistan. Is this 2003 or 2017? I’m sure we’re on the verge of winning this time. Provoking Russia through NATO aggression, war games, and missile placements is being ramped up. Aggravating relations with China by contesting their claims to the South China Sea islands and openly supporting Taiwan has the potential to create dire unintended consequences. Or maybe they are intended consequences. Coming conflict with North Korea and their fourth largest military in the world appears imminent.

Neo-cons are thrilled with their success thus far. Whenever Trump shows even the hint of compromise with Putin or lack of interest in starting World War III, the doddering old fool McCain and his lapdog Graham are rolled out to condemn Trump’s cowardice. According to the neo-cons Putin is a diabolically evil enemy intent on ruling the world. In reality, he is just as evil as every other world leader. The slimy liberal politicians continue to use the false Russia narrative as a cudgel to beat Trump into submission. The Deep State game plan is to block Trump’s domestic agenda of replacing Obamacare, cutting taxes, and building the wall.

The true controllers of our world know when presidents are under assault by their opponents and can’t achieve domestic success, they turn to military interventionism as a way to rally the masses utilizing false patriotism. With the corporate media flogging the Deep State approved war propaganda, they are attempting to force the president into military conflict, benefiting their military industrial complex partners. The non-critical thinking, easily manipulated populace, is putty in the hands of the propaganda machine and is soon foaming at the mouth for blood. Half the country actually believes Vladimir Putin interfered in our election to benefit Trump. Not a shred of proof has been presented and never will.

I’ve spent the last nine years operating an anti-establishment website, with the purpose of trying to pull back the curtain on the Deep State operatives in the government, military, Wall Street, mainstream media and central banking. I’ve written so many articles revealing the falsity of government generated unemployment, inflation, and GDP propaganda, the criminal activities of Wall Street bankers, the treasonous actions of the Federal Reserve, the seditious activities of corrupt spineless politicians, the false flags provoked by the military industrial complex, and the contemptible propaganda peddled by the corporate media, that I’ve reached the burnout phase. I’ve grown tired of writing the same article every month discrediting government falsehoods.

When I watch supposed financial “journalists” mouth the Federal Reserve and BLS false narrative of inflation running “dangerously” below 2%, when I know for a fact prices over the last year are higher by 9% for gasoline, 8% for natural gas, 8% for heating oil, 20% for copper, 16% for wheat, 5% for corn, 16% for pork, 11% for beef, at least 10% for health insurance, 4% for college tuition, 3% for autos, 4% for apartment rents (to all-time highs), and 14% for home prices, I am no longer outraged.

If the citizens of this country can’t figure out they are being screwed and lied to by the government, another article from me isn’t going to help. The real cost of living for the average American is rising 5% to 10%. The one cost the Deep State has thoroughly under control is the wages of average working Americans. They’ve successfully kept real wage increases in negative territory for two decades.

I hear talking heads on the boob tube every day blathering about the “strong” jobs market and either truly believing the bullshit shoveled by the BLS every month or just mouthing the words written by their corporate media bosses. Only an utter moron would believe you really have a 4.4% unemployment rate when 102 million out of 255 million working age Americans aren’t working. For the math challenged, that’s 40% not working, hovering near all-time highs. That number was 35% at the beginning of this century. And it’s not due to Boomers retiring, as the percentage of men 25 to 54 years old not working is at record highs and the percentage of Americans over 55 working has soared. The percentage of teenagers not working is also at record highs.

In addition, 26 million of the 153 million employed Americans are working part time for low wages and minimal benefits. Almost 10 million Americans declare themselves self-employed (aka selling crap on Ebay, blogging, writing the next great novel). Another 8 million Americans hold multiple jobs. Then we get to the fact 21 million non-producing people are working for the government, getting paid from the tax dollars generated by those working for companies producing something. When it is all said and done, there are approximately 94 million full-time workers in private industry paying taxes to support 102 million non-workers and 21 million government workers. In what world does this represent a strong job market?

What passes for a financial journalist today can’t seem to utilize critical thinking skills to connect the dots of a failing economic system, dependent upon an ever accelerating level of debt. The miniscule downturn in consumer debt in 2009, barely perceptible on the chart below, almost collapsed the worldwide financial system. As you can see, the pitiful economic growth achieved since 2009 has been artificially produced through the issuance of $1.2 trillion of debt in eight years – most of it in the form of subprime student loans and subprime auto loans. For some perspective, it took from 1950 until 1995 (45 years) to generate the first $1.2 trillion of consumer debt, and then from 1995 until 2007 (12 years) to generate the next $1.2 trillion.

It is duplicitous for supposedly highly educated central bankers, financial “experts”, and journalists to pretend inflation is under control and jobs are plentiful when the evidence of economic contraction is everywhere. GDP, even using a fake inflation adjuster is still in the toilet, running below 2% when everyone knows 68% of it is generated by consumer spending. A record number of retail store closings and retail bankruptcies is baked in the cake for 2017, worse than the recession of 2009.

Restaurant sales have been falling for sixteen straight months. Auto companies have leased or loaned a car to every person in America that can fog a mirror and scratch an X on a lease or loan document. Auto sales are starting a multi-year decline as loans go bad in record numbers. Should that be shocking when the average financed amount has risen to $29,000 and the average loan term now exceeds 67 months – both record highs.

At least 25% of all student loans are in default. The taxpayer is going to be on the hook for hundreds of billions in loan losses. The heavily indebted millennials with lousy jobs are not boosting the economy by spending money they don’t have. They can’t buy houses and are stuck living in their parent’s basements. Broke Boomers are being forced to work in retirement and restrict their spending since they saved virtually nothing for their retirement years. Gen Xers are caught in the middle, supporting their kids and their aging parents. It’s the perfect storm.

So even though I and numerous other thoughtful, honest bloggers (Zero Hedge, Jesse, Hussman, Martenson, Stockman, Charles Hugh Smith, Denninger, and dozens of others) have documented the dire circumstances facing the nation, central bankers at the behest of their Deep State masters, have engineered the stock markets and high end real estate markets to all-time highs, as their looting and pillaging scheme accelerates.

My frustration and disillusionment with a world gone mad has begun to affect my mental state. I’m losing my sense of outrage which has driven me to write for the last nine years. It isn’t worth the expended energy when it will change nothing. I’m resigned to the inevitability of economic collapse. It’s just a matter of when. Bloggers and writers who make a living at it, must write daily articles of doom to generate page views. Since no one can reliably predict the timing of the collapse, I’ve grown tired of reading and writing the same old shit.

The analogy between driving on the Pennsylvania Turnpike during bad weather and my mental state is useful in understanding where I see things headed. There is danger lurking around every bend in the road. Construction zones suddenly appear forcing you to change course in an instant. Aggressive drivers tailgating and weaving in and out of traffic create havoc. Sleep deprived truckers let their big rigs drift into your lane, with no room for you to maneuver away.

When you enter the three separate tunnels through Blue Mountain and its brethren, you feel claustrophobic as if the walls are closing in and there is no way to escape. During torrential downpours I’ve navigated during multiple journeys to and from Penn State, the pure terror of not being able to see 50 feet ahead while hydroplaning on a flooded roadway with an 18 wheeler in the lane next to you is hard to describe.

The road directly ahead is blanketed in the fog of uncertainty. Anyone declaring they know what will happen in the near future with any level of certainty should be regarded with suspicion. But if you have studied history, you realize people never learn the lessons of history, so they will always create and encounter the same problems and make the same mistakes. Human nature has not changed down through the annals of antiquity.

The desire for wealth and power by sociopaths, delusions of grandeur among the rich, tendency of human beings to act in a herd like manner leading to bubbles and busts, and an overall ignorance of the masses, are constants across the millennia. Those at the top of the chain utilize mass media propaganda tools to control the minds of the many, but their hubris eventually leads to their downfall.

“Anyone who studies present and ancient affairs will easily see how in all cities and all peoples there still exist, and have always existed, the same desires and passions. Thus, it is an easy matter for him who carefully examines past events to foresee future events in a republic and to apply the remedies employed by the ancients, or, if old remedies cannot be found, to devise new ones based upon the similarity of the events. But since these matters are neglected or not understood by those who read, or, if understood, remain unknown to those who govern, the result is that the same problems always exist in every era.” – Machiavelli

My apathy in trying to predict when the next financial catastrophe or world war will happen is driven by my belief we are in the midst of a two decade long Fourth Turning period of crisis which began with the financial storms hitting in September 2008. What I’ve come to realize is how slowly Fourth Turnings progress. They proceed at their own pace.

There is an initial death defying event, followed by what appears to be actions taken to alleviate the crisis, lulling the masses into thinking all is well. It’s a false sense of comfort. GDP has grown by a pitiful 30% since 2009, while it grew by 60% from the bottom during the Great Depression. Do you hear highly paid mainstream media shills providing that interesting data point?

The deaths of 65 million people followed the initial lull during the last Fourth Turning. We are currently in another lull (or eye of the hurricane), with an intensification of storms over the horizon. No “solutions” introduced since 2008 have solved anything. They have just exacerbated the debt problems, guarantying the next financial crisis will be devastating and global in nature.

Every Fourth Turning has involved earth shattering levels of violence and war. It is highly doubtful we will avoid a similar or worse fate. Fourth Turnings are resolved in blood, tears, atrocities, courage and the actions of heroes. The narrative of rainbows leading to a pot of gold for the American empire will soon be confronted with lightning bolts of reality.

Just as you can be experiencing a relaxing drive along the Pennsylvania Turnpike in bright sunshine, you can turn on the weather report and find out blizzard warnings have been issued for the road ahead. Many of the drivers are oblivious to the warnings as they never listen to weather reports. Many hear the warnings but ignore them, preferring to live in denial. Others recklessly speed up and try to outrun the storms. Very few heed the warnings and get off the road for the safety of shelter. The weather can change in an instant. Sunshine dissipates rapidly as a winter blizzard engulfs the countryside, paralyzing the economy, overwhelming modern technology, exposing weaknesses, and creating havoc on the roadways as the unprepared pile up in a devastating crash.

“Reflect on what happens when a terrible winter blizzard strikes. You hear the weather warning but probably fail to act on it. The sky darkens. Then the storm hits with full fury, and the air is a howling whiteness. One by one, your links to the machine age break down. Electricity flickers out, cutting off the TV. Batteries fade, cutting off the radio. Phones go dead. Roads become impossible, and cars get stuck. Food supplies dwindle. Day to day vestiges of modern civilization – bank machines, mutual funds, mass retailers, computers, satellites, airplanes, governments – all recede into irrelevance.

Picture yourself and your loved ones in the midst of a howling blizzard that lasts several years. Think about what you would need, who could help you, and why your fate might matter to anybody other than yourself. That is how to plan for a saecular winter. Don’t think you can escape the Fourth Turning. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted.” – Strauss & Howe The Fourth Turning

This Fourth Turning has over a decade of continuous storms to come. We will not recognize this country when the climax is reached. It could be far worse country or a revitalized nation. The outcome will depend upon the actions we take as individuals and as a country. Cheering for your side in today’s political side shows, meant to distract you from focusing on the true enemies of freedom, is a worthless exercise. Turn off the TV and think for yourself. The generational dynamics and darkening mood will drive the reaction to events as they unfold over the next decade. Batten down the hatches and prepare to navigate through the deadly storms bearing down upon the nation.

Join me at to discuss truth and the future of our country.

By James Quinn

James Quinn is a senior director of strategic planning for a major university. James has held financial positions with a retailer, homebuilder and university in his 22-year career. Those positions included treasurer, controller, and head of strategic planning. He is married with three boys and is writing these articles because he cares about their future. He earned a BS in accounting from Drexel University and an MBA from Villanova University. He is a certified public accountant and a certified cash manager.

These articles reflect the personal views of James Quinn. They do not necessarily represent the views of his employer, and are not sponsored or endorsed by his employer.

© 2017 Copyright James Quinn - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

James Quinn Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules