Nice historic ref:
In my opinion, a student of cycles will ultimately be forced to become a student of history, and visa-versa – or be left with no understanding of the potential consequences of either.
The stoking of Islamic anger and the intentional manipulation of its mob psychology by various imams and mullahs, (over tasteless 5 month old cartoons of the Prophet Muhammad), and ESPECIALLY with the spreading of such venom to additional countries every day, is reminiscent of the "30 Years War" that consumed most of Europe in the early 17th century.
In 1618, three representatives of the Roman Catholic Hapsburg emperor were thrown from the highest windows of the Hradcany Castle in Prague, by a group of protestant nobles who were enraged by the forced closure of their protestant churches.
The three representatives survived, but only because of landing in a gigantic dung heap far below the windows, which allowed for their escape and return to the emperor with a full report of the heresy of the protestant nobles.
The act of attempted murder inflamed the emperor and subsequently, sparked the "30 Years War."
Initiated in Bohemia, it quickly spread to Austria, Sweden, Poland, France, and the Netherlands.
Ten million people were to die in that war, which was about a quarter of the population of Europe. The unintended consequence was finalized in the Treaty of Westphalia, resulting in a Europe of newly sovereign states, who were then free to adopt the religion of their choice.
And within a world like this, being experience now over a cartoon, Iran’s demand to be free to make nukes, a post US Iraq being a downhill slide in anarchy, the middle east lying about the size of the oil reserves, Russia gone back to central rule, the triple Us deficits with no real fundamental hope of do anything but growing, Us consumers totally out of saving and derivative on everything, how can the readers listen to the sell everything gold advisors. Reactions can and will happen. They can and will be wild. However keep firmly in mind that this bull market is set in cement. It is not mature, and it could and will explode upward anyway for an exogenous reason just when you do not expect it.
Best regards,
Kenny |
