Turley Blog

Recently I read these prophetic words: “Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land with severe distress that could involve questions of class, race, nation and empire. Yet this time of trouble will bring seeds of social rebirth; Americans will share regret about recent mistakes….” This was written in 1997 in “The Fourth Turning” by Strauss/Howe. Precise predictions of events 10 years prior, demands my attention, enticing me to read on... because this has happened before…

Here are 5 Significant Perspectives from Resolve Lending, Inc. out of “The Fourth Turning.”

1. Crisis mood: Strauss/Howe have an amazing historical philosophy which is not linear, but seasonal or cyclical. Each generation can be roughly seen as four seasons: spring, summer, fall, and winter. Guess which one we are in now? No SPF needed.

2. Political and economic trust will implode: 2006-7 started the fourth turning; it is now winter – prepare well, look back through history and remember… “This has happened before".

3. Yet this time of trouble will bring seeds of social rebirth: Spiritual Awakenings happen every one hundred years. “In 1995, the Nobel laureate economist Robert Fogel declared that ‘to understand political trends and future economic development, one must understand the cycles of religiosity in American history and the reform movements they spawn.” – It’s fascinating how spiritual revival and money are intricately intertwined.

4. Real hardship will beset the land: The Churchillian quote comes to mind, “the further one can see back, the further one can see forward.”

5. Americans will share a regret about recent mistakes: “Mr. O'Neal, the man considered most responsible for Merrill Lynch's disastrous foray into risk-taking, told me in an interview last year that in the fall of 2007, when he saw that the firm's problems were insurmountable, he had a deal to sell Merrill to Bank of America for around $90 a share.” – WSJ /11-5-09 My question has always been which world class board of directors (BofA or Merrill) was dumber? BofA for offering $90 or Merrill’s for not taking it. Merrill was forced to sell for about 90% less then they thought 12 months later.

Strauss/Howe say, “America’s next rendezvous with destiny will begin in roughly ten years (05-07) and end in roughly thirty years.” (2025)

In the meantime rates are beyond amazing,

Jeff