https://fred.stlouisfed.org/series/SAUN ... categoriesJohn wrote: So what happened to: "Saudi Arabia is starting to come apart, and with
its unscheduled rapid disassembly, the Industrial Age will come to an
end"?
This chart from the Federal Reserve Bank of St Louis shows non-oil GDP growth in Saudi Arabia going from 5% when I first started using that phrase in the signature line to zero. This lowering of GDP to zero and below will be seen in countries closer to the core as the collapse spreads inward.
I wanted to leave the main theme of the dark age collapse process in the signature line. In addition to Saudi Arabia starting to come apart, the collapse has spread inward such that "The core of Europe is coming apart and with that, the Industrial Age is coming to an end" would also be appropriate, etc.
So taking the mention of Saudi Arabia out separates the wheat from the chaff before I begin the transition "to a post industrial age way of life".
To summarize, this is it:
This is a summary of my view since the GD forum was started by John in September 2008.
In 2008, I believed a new Great Depression had started which would last for many decades.
In 2011, I modified this belief to a new Dark Age. The reason for this was the world's leaders failed to address the problems that became evident in 2008 and made them worse to the point that they became irreversible.
Now in 2018, I believe this is the right time to prepare for a new Dark Age. In a nutshell, that means transitioning to a post industrial age way of life. The question of timing is important mainly because before the Dark Age fully manifests, the wealth of the periphery is being drained out toward the capital cities of the hegemon. The collapse of Carillion versus the new records in the US stock indices illustrates this very starkly.
Higgenbotham » Wed Jan 16, 2013 4:47 pm
The way I see the dark age process, it is initiated by the internal actions of the hegemon (the US in this case) but the symptoms first show up mostly in the periphery. The Middle East (Syria), Africa (Mali), and the edges of Europe (Greece), Russia (Siberia) and the US (Detroit) have been slowly breaking down toward chaos. This will spread inward toward the capital cities of the hegemon (Washington DC and New York in this case) as the hegemon continues to suck resources out of the periphery at a more frenzied pace. We have moved into the frenzied pace stage as many parts of the world have been sucked dry and the US has abdicated them and moved on to areas that are closer to the core, including China and its own citizens. This is where things begin to get dangerous. Once the capital cities of the hegemon break down, then the dark age will have begun. While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently. Once they collapse, the periphery will be relieved of pressure and things should improve somewhat for a limited period of time.
Now the giant sucking sound is reaching the core of Europe (Carillion is headquartered in Wolverhampton, England).