Thom Hartmann: Why The Crash of 2016 Will Happen...

[thomhartmann]

The next big financial crisis is already on its way.

The Big Picture with Thom Hartmann on RT TV & FSTV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[Initech]

1. Until we start holding the billionaire criminals accountable for their crimes...

This will be another case of "same shit, different day". How big does the Koch Brothers fortune have to get before prosecutions happen? 50 billion? 100 billion? 200 billion? Until we start prosecuting these greedy fucking scumbags, they'll dangle economic recovery over our heads in the same manner that a jockey dangles a carrot in front of a horse (or the way Lucy holds the football in front of Charlie Brown). Fuck this "crash of 2016" bullshit. We can prevent this one now that we know who is responsible.

[BelgianMadCow]

2. careful now, Thom. Before you know it, you're into Kondratiev waves (long cycles)

The Soviet economist Nikolai Kondratiev (also written Kondratieff) was the first to bring these observations to international attention in his book The Major Economic Cycles (1925) alongside other works written in the same decade.[3][4] Two Dutch economists, Jacob van Gelderen and Samuel de Wolff, had previously argued for the existence of 50 to 60 year cycles in 1913. However, the work of de Wolff and van Gelderen has only recently been translated from Dutch to reach a wider audience.[citation needed]

Kondratiev's ideas were not supported by the Soviet government. Subsequently he was sent to the gulag and was executed in 1938.

https://en.wikipedia.org/wiki/Kondratiev_wave

These waves could very well be linked to the generational phenomenon you speak of. I find it interesting to see, for example, that the world reacts angrily yet with a lot of moderation to the NSA spying. But the Germans (I'm speaking of the people) much less so. Simply because they have not forgotten yet what the Stasi state looked like.

Also, when the largest economy and (given the military backing for its foreign policy) the most powerful one has to monetize (buy up) its own debt to the tune of 85 billion per month, I think your prediction of a crash is a safe bet.

Personally, I've been thinking "winter is coming" for years now, here's a link that speaks about the "seasons" in Kondratiev cycles: http://kondratieffwavecycle.com/kondratieff-wave/

[Heather MC]

3. Well this explains the massive money hoarding of the wealthy 1%

too bad no one is listening and the wrong people are in power
we are screwed