Armstrong Economics Blog/Understanding Cycles
Re-Posted Nov 5, 2017 by Martin Armstrong
QUESTION: Dear Mr. Armstrong, I had stopped watching TV a decade ago. Then one late night in August 2015, for no particular reason, I switch on some Swedish channel, and voila! I see The Forecaster. It shattered me… I’m your faithful follower ever since. If anyone deserves a Nobel in Economics – or Peace – it is you, Sir. I hope that day will come.
Now, I have a few questions for you. The problem of overpopulation; what is the future for struggling, abandoned Ukraine; is there an end for the Russian Empire? If you will have time and wish to comment any of these, I will greatly appreciate your thoughts. Many thanks for your shared generosity, Sir.
All the best to you and your family,
ANSWER: Nature has its way of solving overpopulation. Viruses constantly mutate and antibiotics cannot fight a virus. It was the Black Death which wiped out 50% of the population of Europe on average. It has always been cyclical. Then we have war, which also thins the herd. Cycles will take care of that issue.
Ukraine will survive. Its biggest problem is corruption. You can change the head of state, but the body remains. You will see another revolution as the economy turns down and again they will overthrow the establishment.
All empires die. Both Russia and the United States will not look the same 50 years from now. The global economy is shifting toward China. They will become the financial capital of the world after 2032.
The world will survive. It will just keep on going. The politics changes and everyone gets their 15 minutes of fame. Sweden used to also be a great power against Russia