Monday, 31 December 2012

Larry Edelson: The Mayans Were Right … So fasten your seatbelts for 2013

Larry Edelson

The Mayans were right. They never predicted the end of the world on 12/21/12. Those predictions were the antics of doomsayers and others hell bent on frightening you. The Mayans predicted a turn in the major cycles impacting the world, and the beginning of a new era. And to that degree, I think they were spot on.
I say this because my work on economic cycles tells me the same thing; namely that we are now about to pass through the eye of the hurricane of what will be the biggest and nastiest financial storm of all time … and the back wall of that hurricane is about to hit in 2013.
I’ve studied the K-wave in detail … the Juglar economic cycle … the Kitchen cycle … the Kuznets cycle … and even the War cycles …
And all of them start ramping up in 2013, and will exert their influence for years to come, converging upon the economy in a way that hasn’t been seen since the period from 1841 to 1896, a period in U.S. history …
— That was characterized by 14 distinct recessions and SEVEN major financial panics.
— Included the longest and steepest depression in U.S. history, from 1873 to 1896. And …
— Where three of the ten deadliest wars in U.S. history occurred: The Civil War, the Spanish-American Wars, and U.S. Indian wars.
So fasten your seatbelts. The relative calm you’ve seen in the markets over the last 12 to 18 months is nearly over and the next phase of the financial crisis is just about here.

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