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Thread: The Five Stages of a Country's Life

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    The Five Stages of a Country's Life

    http://www.zerohedge.com/news/2012-1...gns-life-cycle

    And from the same fellow, Ray Dalio:

    http://www.zerohedge.com/news/ray-da...-machine-works

    inevitability of his findings that "in all deleveragings, in the end
    they print money."
    A very educational set of references which, among other things, proves that the new demographic's faith that they are actually different is just so much BS.

    They are the same as the failures who preceded them and will fail for the same reasons.

    History really does repeat because there are always people who don't bother to learn about it or understand it. And they end up running things.

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    Agravan (11-12-2012),Captain Obvious (11-12-2012)

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    That was pretty good, but would have been excellent with real-life examples.

    Especially the stage 5 - in terms of successes and failures.
    my junk is ugly

    "Can't see the forest for the trees,
    Can't smell their own shit on their knees"


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    Damn, that's a book.

    I will in time though, I'm a few beers into the upcoming MNF game.
    my junk is ugly

    "Can't see the forest for the trees,
    Can't smell their own shit on their knees"


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    Like what he's saying about cycles in the State, likely fits the business cycle, where his backgrounds seem to lie, it certainly fits the company I'm working at. And there are some parallels with the Tytler Cycle of History:



    There is no progress.


    But I started reading Dalio's paper and balk at a couple things right off the bat:

    "The economy is like a machine. At the most fundamental level it is a relatively simple machine, yet it is not
    well understood....

    "An economy is simply the sum of the transactions that make it up."

    It's not simple and not the sum of it's parts but the transactions, interactions, exchanges result in the generation of wealth. Rather we go in circles because economies, societies, states are too complex and dynamic for us to understand.

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