QUESTION: Mr. Armstrong; Your Global Market Watch picked the high in bonds perfectly and called it a major high. I have to say, the system you have created monitoring everything is an incredible teaching tool. I can see what you are saying. There is a major global trend that politicians cannot alter and that is why communism fell and socialism is falling now. Do you believe we can advance this time around when it crashes and burns?
ANSWER: Believe it or not, I am an eternal optimist; foolish at times. I gave up trying to help behind the curtain because I came to witness how politics works. You can tell a politicians to do this or there will be a crash. They will not listen for a simple reason. No politician can run for office saying, “Vote for me, I saved your job.” You would ask, “How do I know I would have lost it?” Politics is about winning. It is far better to run for office by promising change but never delivering. The political situation is simple. They like the crisis for then they launch investigations to get the guy who caused it. They will never prevent it, for that does not have the same impact at the polls.
Society goes through these convulsions roughly every 309 years or so. They build in intensity and that is what we now face — the Sixth Wave. On the cyclical time line, we are at the point where the collapse of Rome came about with the Sixth Wave back then.
Before that, there was the Minoan Collapse.
This is the third major wave. Either we go into a Dark Age, as took place after the last two groups, or we advance. I would like to think we can do this and reform the way things work. Maybe I am just wrong and we will fail. I realize the only way to take that one giant leap for humankind is if the PEOPLE understand why we never advance and say enough is enough.
So the more people we can move to understand the business cycle and DEMAND change, the better chance we have of taking a leap forward instead of backwards.
The ECM will still exist. We cannot alter that. The volatility (intensity) we can influence perhaps. Of course, the Minoan collapse was instigated by one of the largest volcanic eruptions in history — Thera (Santorini). The fall of Rome came with climate change when everything turned down much colder and resulted in the invasions of the barbarians who were migrating South.
These groups of Six Waves tend to coincide with the collapse in the energy output of the sun. The climate change we are heading into is by no means global warming, it is back down to record cold. That is not good in the least for civilization.