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Robert Prechter, President of Elliott Wave Worldwide, has written about a new research that is a marriage of sociology and economics in his guide, "The Wave Principle of Human Social Conduct and the New Science of Socionomics" (1999). In the guide he predicted a negative social temper change era evidenced by worry, xenophobia, pessimism, conservatism, thrift, saving and a common retrenchment. A waning instead of a waxing. He is also on document saying the Higher Depression began in 2000 with the dot com bust and might last into 2016. He also predicts a ninety%25 fall in most asset prices and thirty%25 furthermore unemployment price. Finally, he states that world war 3 started 09/11/2001.
The insidious virus is now in full replication mode. Politicians see the infection spreading but rather of attempting to deal with it, they perpetuate it with much more of the exact same. With unemployment levels skyrocketing and debt growing, the politicians decide to create new concursos. The people who do these jobs go off of unemployment but their extremely wage is nonetheless paid by other tax payers! These jobs cost cash and create small. In addition, the individuals who do these work become dependent on the very method that gave them the work in the initial place. A vicious cycle begins as the individuals who function for the authorities become permanent perpetuators of the BGV illness!
At this stage the BGV germs are circulating all via the body politic. The infection is serious. Financial debt and unemployment are high. Individual independence is in hazard. There is no development in the economy. Opportunities are few and innovation is null. So what do the politicians do? They inquire to increase taxes once more! This is comparable to an endless loop in the worst pc virus. A loop is a piece of computer code that repeats itself more than and over until some situation is lastly met to stop it. But with an additional rise in taxes, there is no exit to the loop as it repeats again and once more while performing much more damage every time it runs through. The affected person, already contaminated with a severe situation of BGV, will not survive if the loop continues to operate.
A democrat politician such as Barack Obama will say some thing such as "The rich require to pay their honest share". This is the entry stage of BGV. Taxes then get raised. At this stage the BGV bug takes hold. Individuals will naturally attempt to stop giving their difficult earned cash to the authorities. They may attempt to put it in tax shelters. So, a new government company requirements to be produced in order to monitor the financial activity of citizens. A certain quantity of independence is misplaced as this new agency tells individuals how and where they can make investments their cash.
Once again, the report reminds the nation that there are numerous individuals who have still not returned to job-looking for, and consequently they are not counted in the information.
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