Global Economic Meltdown: Long-Wave Economic Cycles: Myth or Reality
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About this ebook
The looming economic crisis confronting the world in 2012 is massive and has the potential to severely cripple the global economic system. With each passing day, the economic drama gets elevated with more suspense and uncertainty.
However, with the start of the new millennium, major corporations are building the foundations and infrastructure of an incredible new technological civilization. Very similar activities were taking place at the beginning of the 20th Century, with major corporations setting the stage for enormous technological development and discoveries throughout the entire 100-year period. K-wave theory can help us to understand the economic and financial implications of these vast historic developments, as well as the creative/destructive nature of capitalism. As an economic philosophy and long-term strategy, it appears to be useful for long-term analysis as we examine and witness the rise and fall of the global economic system.
This "Special Report" clarifies some of the issues of an impending world economic collapse and the emergence of the vast implementation phase of the Information Age Revolution.
Khafra Om-Ra-Seti
Khafra K Om-Ra-Seti is the author of World Economic Collapse: The Last Decade and The Global Depression (1994), Bubble Markets and Boom & Bust Cycles: Paradigm Revolutions in the Information Age (2002), and coauthor of Black Futurists in the Information Age: Vision of a 21st Century Technological Renaissance (1997) and author of Capoeira: A Tale of Martial Arts Mastery, Mysticism and Love. In his first novel (sci-fi book), Khafra explores many of his ideas, philosophies and deep interests in the martial arts and African mysticisms. In Capoeira, Khafra combines facts with fiction in a unique story of a Hero’s Journey to achieve mastership in the martial arts. The story spans the course of African history as a timeless metaphor of spiritual evolution and regeneration.
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Global Economic Meltdown - Khafra Om-Ra-Seti
SUPER-LONG ECONOMIC CYCLES
The long wave cycle theory was popularized by the Russian agricultural economist Nikolai Dimitriyerick Kondratieff (1892-1938), who began publishing his theories in economic journals during the 1920s. He published Long Economic Cycles in 1928, which brought together the central hypothesis and critical ideas of his belief in super-long economic cycles. He based his statistical data on the capitalistic free market system, which eventually created some problems for him with the ruling communist elite of the Soviet Union.
Kondratieff’s book was published one year prior to the October 1929 stock market crash, and his theories indicated that a downward wave was in motion prior to the Great Depression of the 1930s. The beginning of the Roaring 20s carried the inflationary spiral to its last peak, and the 1930s produced the last phase (of deflation and depression) of the downward wave.¹ According to Kondratieff ‘s theory, a long wave cycle will last from 45 to 60 years (K-wave cycle), with the average being 54 years. The statistical data he compiled covered a period of 140 years which represented two and one-half cycles. Each completed cycle was broken into two phases: a rising wave and a downward wave. Each phase averaged roughly 25 to