“Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault line of an earthquake. All you know in advance is something about the molten ingredients of the climax, which could include the following:
Economic distress, with public debt in default, entitlement trust funds in bankruptcy, mounting poverty and unemployment, trade wars, collapsing financial markets, and hyperinflation (or deflation)
Social distress, with violence fueled by class, race, nativism, or religion and abetted by armed gangs, underground militias, and mercenaries hired by walled communities
Cultural distress, with the media plunging into a dizzying decay, and a decency backlash in favor of state censorship
Technological distress, with cryptoanarchy, high-tech oligarchy, and biogenetic chaos
Ecological distress, with atmospheric damage, energy or water shortages, and new diseases
Political distress, with institutional collapse, open tax revolts, one-party hegemony, major constitutional change, secessionism, authoritarianism, and altered national borders
Military distress, with war against terrorists or foreign regimes equipped with weapons of mass destruction”
The Fourth Turning – Strauss & Howe – 1997
September 2015 marks the seventh anniversary of this Fourth Turning Crisis. The economic, social, cultural, ecological, political, and military distress propagates by the minute as the globe is besieged by economic turmoil, increased human suffering, and endemic corruption of the political and ruling classes. The Federal Reserve/Wall Street created global economic implosion was the spark which catalyzed this fourth Crisis period in U.S. history in September 2008. Neil Howe in a 2012 essay assessed the beginning of this Fourth Turning and why 9/11 was not the catalyst:
“Pending stunning new developments, I believe the catalyst occurred in 2008. It’s a date that is looking better and better as time goes by. The year 2008 marked the onset of the most serious U.S. economic crisis since the Great Depression. It also marked the election of Barack Obama, which could yet turn out to be a pivotal realignment date in U.S. political history. In fact, if I had to give the catalyst a month, I would say September of 2008. The global Dow was in free fall. Banks were failing. Money markets froze shut. Business owners held their breath.
9/11 will go down as one of the more famous crisis precursors in American history. A crisis precursor is an event that foreshadows a crisis without being an integral part of it. Other such precursors in American history include the Stamp Act Rebellion (1765), or Bleeding Kansas (1856), or perhaps the Red Scare (1919).”
The initial spark has triggered a chain reaction of unyielding responses by those in power, including: handing $700 billion of taxpayer funds to the Wall Street bankers whose reckless pervasive greed and fraudulent derivative products caused the worldwide conflagration, 0% interest rates for the last seven years, a quadrupling of the Federal Reserve balance sheet to $4 trillion through QE to infinity, government stimulus spending which increased the national debt from $10 trillion to $18 trillion in seven years, ongoing $600 billion annual deficits, using fraudulent accounting to disguise the insolvency of the Too Big To Fail Wall Street banks, and a conscious choice by corrupt politicians and captured government regulators to not prosecute one criminal banker.
None of these initial responses have solved any of our pervasive problems or averted further emergencies. Not only haven’t these responses resolved the intractable economic conundrums facing the world, but they have exacerbated the next round of monetary disasters rapidly approaching. Strauss and Howe predicted the initial catalyst event would not worsen into a full-fledged catastrophe because the powers that be would find a way to avert the initial danger and stabilize the situation “for a while”. The key point was those benefiting from the existing corrupt world order would do whatever it took to temporarily forestall a calamity which would result in their downfall, loss of power, and ultimate imprisonment. They have successfully delayed the regeneracy phase of this Fourth Turning by turning on the monetary debt spigot full throttle.
It is highly unlikely we will have a resolution to this Crisis period for at least another ten years, so if you think the worst is over you are badly mistaken. If the climax is somehow accelerated like the Civil War, it will likely result in bloody wars, with a horrific death toll. The five year lull can be viewed as the world passing through the eye of an immense hurricane. There will always be ebbs, flows and lulls within a 20 year long Crisis, as seen in previous Fourth Turnings.
The Boston Tea Party catalyst spark occurred in December 1773, but the fireworks didn’t get going until 1775 and the regeneracy Declaration of Independence event in 1776. The Civil War Fourth Turning had no lulls. The catalyst election of Abraham Lincoln to the regeneracy event of the First Battle of Bull Run was only nine months. The acceleration did not allow for cooler heads to prevail. The result was ghastly death and destruction. The 1929 Stock Market Crash catalyst was followed by a three year lull until FDR’s election and New Deal programs marked the regeneracy.
In my previous four part article FOURTH TURNING – THE SHADOW OF CRISIS HAS NOT PASSED – PART FOUR written early in 2015 I attempted to explain generational theory, provided evidence we are still early in this Crisis, pondered the potential clash between the citizens and our debased, dysfunctional, captured government, and contemplated the kind of war which will thrust the world through the gate of history towards an uncertain future. The misconceptions regarding generational theory and the Fourth Turning keep a vast swath of otherwise lucid thinkers from understanding the implications of generational mood changes which drive the cyclical nature of history. The cognitive dissonance and normalcy bias of most Americans blinds them to the lessons of history and leaves them vulnerable to the winter that has beset the nation.
The Fourth Turning is not a prophecy or some Nostradamus like predictions. It’s a logical theory based upon the average time span of a long human life and the four phases of that life: childhood, young adulthood, mid-life, and old age. The interaction of generations during their phases of life is what produces the profound mood changes throughout history. The dramatic events during the course of antiquity are less important than how society responds to them. The reaction is substantially determined by the season of the saeculum and the generational mood that aligns with that season. We’ve entered the Winter season, with bitterly cold days ahead and intense blizzard-like conditions forecast for the next decade.
The Rest Of The Story Here