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Fourth Turning Economics

Fourth Turning Economics

“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe 

Image result for total global debt 2019

The quote above captures the current Fourth Turning perfectly, even though it was written more than a decade before the 2008 financial tsunami struck. With global debt now exceeding $250 trillion, up 60% since the Crisis began, and $13 trillion of sovereign debt with negative yields, it is clear to all rational thinking individuals the next financial crisis will make 2008 look like a walk in the park. We are approaching the eleventh anniversary of this crisis period, with possibly a decade to go before a resolution.

As I was thinking about what confluence of economic factors might ignite the next bloody phase of this Fourth Turning, I realized economic factors have been the underlying cause of all four Crisis periods in American history.

Debt levels in eurozone, G7, US and Germany

The specific details of each crisis change, but economic catalysts have initiated all previous Fourth Turnings and led ultimately to bloody conflict. There is nothing in the current dynamic of this Fourth Turning which argues against a similar outcome. The immense debt, stock and real estate bubbles, created by feckless central bankers, corrupt politicians, and spineless government apparatchiks, have set the stage for the greatest financial calamity in world history.

 …click on the above link to read the rest of the article…

Discretion in the Hands of Every Government Agent = Tyranny

There has been an interesting case of an American Muslim woman who had her phone seized by border guards as she returned home to the United States from a trip to Switzerland. The guards just seized her phone and she had to file a lawsuit to get it returned after 120 days. Meanwhile, they refuse to confirm or deny that a copy of her phone was made and shared with any other agency. This is part of the problem with the rule of law – there is none! Government agents can do whatever they desire and it is always your burden to hopefully find a judge who will at least acknowledge you have any rights at all.

Most people will never think of various crimes by the British that led to the American Revolution. Then there was the No Taxation Without Representation slogan. But the act that perhaps began the Revolution was illegal search and seizure.

Otis-James

The legal case that became the seminal beginning of the American Revolution was Entick v. Carrington and Three Other King’s Messengersreported at length in 19 Howell’s State Trials 1029. This case was the start of the American Revolution and was also based upon an abuse of the king’s agents. The action, dated November 1762, was for trespassing and interfering with the plaintiff’s dwelling by breaking open his desks and boxes and searching and examining his papers.

George III (b 1738; 1760-1820) became king in 1760. In February 1761, Parliament enacted the Writs of Assistance that was challenged in court in Boston, Massachusetts. These were writs that empowered every agent to do as they liked and were no different from how agents act today at their discretion. The Writs of Assistance allowed the king’s agents to search anything they suspected.

…click on the above link to read the rest of the article…

The Supreme Court Just Created a Full-Blown Police State – The End of the USA Cannot Be Far Behind

US Supreme Court

The Supreme Court ruling in Utah v Strieff awarded the police total freedom to stop any citizen, at any time, to do whatever they desire. The Supreme Court determined that the “poisonous fruit” of a police officer’s stop of a citizen can be used against them at trial. This has wiped out, in reality, any constitutional protection you thought you had. This is a sad day for the United States, for the Supreme Court has officially created a full-blown police state and clearly has no intention of honoring why this nation began the entire American Revolution —  to prevent illegal searches that allowed the king to look for anything he could use to prosecute citizens.

The Supreme Court ruled that even though the officer had initially violated a person’s rights (in other words, the Constitution) the officer’s conduct was “at most negligent” and the result of “good-faith mistakes.” This language is a wink and nod to the police who only have to claim they made a mistake that was not intentional and they walk free. We have witnessed police outrageously murder citizens, but the police officers involved are usually not charged. Now, with this decision, the United States has become exactly as Ukraine stood before the people revolted.

A friend of mine from Ukraine came to the states before the last revolution. When they would see a police officer, they would tense up and try to avoid them at all costs. At home, the police were the criminals. They would shake you down, abuse you, and there was simply no rule of law. The Supreme Court, as of yesterday, has committed suicide.

Otis-James

…click on the above link to read the rest of the article…

Legal Reform – Learning From the Mistakes of the Past

Legal Reform – Learning From the Mistakes of the Past

Kings_Bench_(1808)

Typically, the first thing society addresses which sparks a revolution is the abuse of justice. Shakespeare’s famous quote about the first thing we do is kill all the lawyers is not actually about lawyers. You have to understand the context. Private individuals were not allowed to have lawyers in those days – only the king. It was not until the American Revolution that the Constitution gave you a right to counsel, which the Supreme Court has effectively taken away giving you court appointed counsel working for the court who have achieved a near perfect conviction rate of 99%. Court appointed lawyers are a joke to put it mildly. They are paid $90 and hour generally compared to $600-$1,000 for private lawyers. Shakespeare’s famous quote comes from a rebellion:

DICK: The first thing we do, let’s kill all the lawyers.

Cade: Nay, that I mean to do.

Henry The Sixth, Part 2 Act 4, scene 2, 71–78

Therefore, Shakespeare’s phase had nothing to do with killing general lawyers, it was the king’s PROSECUTORS who were corrupt. Jake Cade led the second Tax Revolt in England after the Black Death and the king’s “lawyers” (prosecutors) were the ones aggressively seizing homes and prosecuting people wrongly at that time. Hence, history repeats and all the Constitutional precautions have been eliminated by the Supreme Court.

Otis-James

The legal case which became the seminal beginning of the American Revolution was Entick v. Carrington and Three Other King’s Messengersreported at length in 19 Howell’s State Trials 1029, was the start of the American Revolution also based upon abuse of the king’s agents. The action, dated November 1762, was for trespassing and interfering with the plaintiff’s dwelling by breaking open his desks and boxes and searching and examining his papers.

…click on the above link to read the rest of the article…

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