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Fourth Turning Accelerating Towards Climax
FOURTH TURNING ACCELERATING TOWARDS CLIMAX
“At some point, America’s short-term Crisis psychology will catch up to the long-term post-Unraveling fundamentals. This might result in a Great Devaluation, a severe drop in the market price of most financial and real assets. This devaluation could be a short but horrific panic, a free-falling price in a market with no buyers. Or it could be a series of downward ratchets linked to political events that sequentially knock the supports out from under the residual popular trust in the system. As assets devalue, trust will further disintegrate, which will cause assets to devalue further, and so on. Every slide in asset prices, employment, and production will give every generation cause to grow more alarmed.” – Strauss & Howe – The Fourth Turning
I’ve been writing articles about the Fourth Turning for over a decade and nothing has happened since its tumultuous onset in 2008, with the global financial collapse, created by the Federal Reserve and their Wall Street co-conspirator owners, that has not followed along the path described by Strauss and Howe in their 1997 book – The Fourth Turning.
Like molten lava bursting forth from a long dormant (80 years) volcano, the core elements of this Fourth Turning continue to flow along channels of distress, long ago built by bad decisions, corrupt politicians and the greed of bankers. The molten ingredients of this Crisis have been the central drivers since 2008 and this second major eruption is flowing along the same route. The core elements are debt, civic decay, and global disorder, just as Strauss & Howe anticipated over two decades ago.
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A TOTALITARIAN SOCIETY HAS TOTALITARIAN SCIENCE
A TOTALITARIAN SOCIETY HAS TOTALITARIAN SCIENCE
The government, the press, the mega-corporations, the prestigious foundations, the academic institutions, the “humanitarian” organizations say:
“This is the disease. This is its name. This is what causes it. This is the drug that treats it. This is the vaccine that prevents it.
“This is how accurate diagnosis is done. These are the tests. These are the possible results and what they mean.
“Here are the genes. This is what they do. This is how they can be changed and substituted and manipulated. These are the outcomes.
“These are the data and the statistics. They are correct. There can be no argument about them.
“This is life. These are the components of life. All change and improvement result from our management of the components.
“This is the path. It is governed by truth which science reveals. Walk the path. We will inform you when you stray. We will report new improvements.
“This is the end. You can go no farther. You must give up the ghost. We will remember you.”
We are now witnessing the acceleration of Official Science. Of course, that term is an internal contradiction. But the State shrugs and moves forward.
The notion that the State can put its seal on favored science, enforce it, and punish its competitors, is anathema to a free society.
For example: declaring that psychiatrists can appear in court as expert witnesses, when none of the so-called mental disorders listed in the psychiatric literature are diagnosed by laboratory tests.
For example: stating that vaccination is mandatory, in order to protect the vaccinated (who are supposed to be immune) from the unvaccinated. An absurdity on its face.
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What Happens After A Mega Corporation Raises Its Workers’ Wages
What Happens After A Mega Corporation Raises Its Workers’ Wages
Earlier today, McDonalds announced that it would become the latest company to raise hourly pay for 90,000 workers by more than 10% and add benefits such as paid vacation for its restaurant workers. Specifically, starting in July, MCD will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S. The increase will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. Finally, McDonald’s also will enable workers after a year of employment to accrue up to five days of paid time-off annually.
With this announcement, McDonalds joins the following companies which have likewise raised minimum wages in recent months:
- WalMart
- Aetna
- Gap
- Ikea
- Target
- TJ Maxx
Surely this is great news for the workers of these above companies, as some of the massive wealth accrued by corporate shareholders may be finally trickling down to the lowliest of employees, right? As it turns out, the answer is far from clear.
As the following WSJ story released overnight, here is what happens when mega-corporations such as WalMart and McDonalds, whose specialty are commoditized products and services and have razor thin margins, yet which try to give an appearance of doing the right thing, raise minimum wages. They start flexing their muscles, and in the process trample all over the companies that comprise their own cost overhead: their suppliers and vendors.
Take the case of WalMart: the world’s biggest retailer “is increasing the pressure on suppliers to cut the cost of their products, in an effort to regain the mantle of low-price leader and turn around its sluggish U.S. sales.”
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