Generational Dynamics Forum - New Site

Higgenbotham wrote:

John wrote:

John wrote: > "This is not politics, this is math.”

Higgenbotham wrote: > If what Mr Padilla is saying is true, perhaps he could point to
> where the non-existent inflection point is in the continuous debt
> equation as a function of time which necessitated that he utter
> those words at this exact point in time. Oh, so maybe it IS
> politics.

Bloomberg just replayed a Padilla interview from 18 months ago:

Padilla wrote: > Puerto Rico has never defaulted.
> Puerto Rico will never default.
> It's impossible to default, because the government
> would have to close first.

That is hilarious. Put monkeys in charge of flying airplanes and this is what you get.

John wrote:

John wrote: > "This is not politics, this is math.”

Higgenbotham wrote: > If what Mr Padilla is saying is true, perhaps he could point to
> where the non-existent inflection point is in the continuous debt
> equation as a function of time which necessitated that he utter
> those words at this exact point in time. Oh, so maybe it IS
> politics.

Bloomberg just replayed a Padilla interview from 18 months ago:

Padilla wrote: > Puerto Rico has never defaulted.
> Puerto Rico will never default.
> It's impossible to default, because the government
> would have to close first.

John wrote: > "This is not politics, this is math.”

Higgenbotham wrote: > If what Mr Padilla is saying is true, perhaps he could point to
> where the non-existent inflection point is in the continuous debt
> equation as a function of time which necessitated that he utter
> those words at this exact point in time. Oh, so maybe it IS
> politics.

Padilla wrote: > Puerto Rico has never defaulted.
> Puerto Rick will never default.
> It's impossible to default, because the government
> would have to close first.

John wrote:"This is not politics, this is math.”

John wrote:

gerald wrote: > John your statement "As I've been writing for years, nationalism
> and xenophobia are increasing in country after country as the
> World War II survivors die off, as the generational Crisis era
> deepens." raises an interesting question. Maybe you have an answer
> or maybe no one has thought about it in your context of
> generations. The issue is the cycle of "hard" and "soft" money.

> Does the money cycle correspond with generational cycles, is it
> influenced by it, or is it different and caused by other issues?
> China has gone through several cycles of hard (specie) and paper
> money ( I think four, over the last thousand years or so, and I
> guess they are now maybe going on their fifth ) Rome and ancient
> Greece devalued their money ( coinage ) over many
> generations. Spain devalued theirs as their empire collapsed. The
> US has also greatly devalued it's money since FDR. The devaluation
> of money by governments is the cause of many problems in the
> world. Money devaluation is basically caused by governments
> spending or promising more then their tax base can afford, and the
> easiest way to pay for this is by destroying the value of it's
> money.

> This money cycle appears to be independent of generational
> cycles. It could be short as a few years, such as the assignats of
> France https://en.wikipedia.org/wiki/Assignat during the
> revolution, or long - hundreds of years - as with Roman coinage
> https://www.google.com/search?q=devalua ... a=X&ei=Xw-
QVeP0IYOpNsizrcAK&ved=0CE4QsAQ&dpr=1#imgrc=FdIBQs4jWo-BPM%3A

> Thoughts?

Assignats were part of the generational cycle of financial
crises.

** The bubble that broke the world
** http://www.generationaldynamics.com/pg/ ... 071009.htm

I've never looked at debt crises in Roman times.

Generational financial crises are not caused by devaluation of
currency, although that may end up being part of a crisis.
Generational financial crises are caused by the securitization of
debt, whether by a certificate issued to secure ownership of a future
tulip, or a synthetic subprime-backed security.

gerald wrote: > John your statement "As I've been writing for years, nationalism
> and xenophobia are increasing in country after country as the
> World War II survivors die off, as the generational Crisis era
> deepens." raises an interesting question. Maybe you have an answer
> or maybe no one has thought about it in your context of
> generations. The issue is the cycle of "hard" and "soft" money.

> Does the money cycle correspond with generational cycles, is it
> influenced by it, or is it different and caused by other issues?
> China has gone through several cycles of hard (specie) and paper
> money ( I think four, over the last thousand years or so, and I
> guess they are now maybe going on their fifth ) Rome and ancient
> Greece devalued their money ( coinage ) over many
> generations. Spain devalued theirs as their empire collapsed. The
> US has also greatly devalued it's money since FDR. The devaluation
> of money by governments is the cause of many problems in the
> world. Money devaluation is basically caused by governments
> spending or promising more then their tax base can afford, and the
> easiest way to pay for this is by destroying the value of it's
> money.

> This money cycle appears to be independent of generational
> cycles. It could be short as a few years, such as the assignats of
> France https://en.wikipedia.org/wiki/Assignat during the
> revolution, or long - hundreds of years - as with Roman coinage
> https://www.google.com/search?q=devalua ... jWo-BPM%3A

> Thoughts?