Capitalism will Cra$h with or without Corona by 2028

Dear Vivienne,

  • Theoretically, the momentum in the business cycle is sufficient to push the land market back to life once people get back to work. This, coupled with the volume of cash-and-credit now being pumped out by the world’s governments, will sustain the progress of the business cycle to the point where house prices will peak in 2026. That will precipitate the financial crash within the following two years – by 2028 – creating the conditions for a terrible collapse.
  • Empirically, we can compare this pandemic with what happened in 1920, at the end of a world war. The Spanish flu pandemic killed 50 million people (some estimates put it at 100 million). This was far, far worse than the current situation. And yet, what happened?
    • A new economic cycle began in 1920.
    • Rents and land prices rocketed up in the UK, despite the fact that the cost of BUILDING new dwellings went down.
    • The Florida land boom was a particularly notorious case of land speculation: people paying fortunes for sand dunes…

…and the outcome was the mid-cycle recession in 1929. The most notorious example was the Wall Street crash in that year. So, just 9 years after the Spanish flu catastrophe, there was a terrible economic recession.

My conclusion: one way or another, the global economy today will head for the collapse that I have long been forecasting. Which means that there is one way only to forestall the worst: begin the planning to introduce One-World Rent.

Fred

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Fred Harrison – is a British author, economic commentator and corporate policy advisor, notable for his stances on land reform and belief that an over reliance on land, property and mortgage weakens economic structures and makes companies vulnerable to economic collapse. He is acknowledged as having predicted the 2008 subprime mortgage crisis, laying it out in his books as early as 1997.

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  1. Great post and beautiful picture!

    Best,
    Jeffrey

    Comment by Jeffrey Jordan on 14/04/2020 at 3:56 pm

  2. Thanks Vivienne!

    Best,
    Jeffrey

    Comment by Jeffrey Jordan on 17/04/2020 at 1:28 pm

  3. Great post, thank you 🙏🏻 👍🏻!!

    Comment by Lilly on 17/04/2020 at 4:47 pm

  4. Dear Vivienne, really incredible to hear your point of view and I agree with everything that you said completely. I found your poem deeply affecting because it was as if you were talking about me and all of my character defects. Cynics- ego hiding a parasite, envy and people that hate other people. This lockdown has been the happiest time I’ve had in years because I haven’t had to see anyone or be apart of the world at all, I don’t want it to end! I think I’m anti-capitalist because I find your views incredible and I don’t think I could disagree with any of them, but as a person I’ve probably got a lot more in common with a politician than I do with you. Politicians are awful people, chasing all the wrong things and doing nothing to make the world a better place… But I think it stems from a spiritual malady, a hole in the sole that they’re trying to fill with all of this self-serving stuff and I think that that hole in the soul is one of the afflictions of capitalism. Definitely the case with me. Not really sure what I’m trying to say, I just found it very affecting and your poem made me feel sad.
    Much love to you and Andreas

    Comment by Anonymous on 17/04/2020 at 5:05 pm