As a result of the numerous bubbles to which we have been exposed I am reminded of Boom Bust Echo the book which claimed so much of what has occurred in North America could have been predicted through demographics.

Perhaps this book deserves greater credit than what it was given since the demographics of the Baby Boom which I will also call the Baby Bubble (the first bubble). It is this bubble combined with a growing and prosperous nation that set the stage for all of the other bubbles.

Keynesian or not, bad government has failed to understand the impact of this first bubble. Without this first bubble, we would not have had the social revolution bubble which saw kids from prosperous families challenging the establishment. Governments answer by the military intervention of shooting its own kids on its own college campuses and slow down the social revolution bubble.

Prosperity continued but the first trampling of citizens rights during this cycle had occurred and because of the countries extreme prosperity, oppressive government action could be overlooked ... North Americans could enjoy the promise land, a corrupt president had been impeached, expansion continued and the standard of living was on the rise.

The conservatism bubble followed led by the moral majority and trickle down economics which could remain effective because the baby bubble was peaking allowed the economic prosperity to continue. Unfortunately continued expansion of plants sowed the seeds of an overcapacity bubble we are currently struggling to deal with, while the tech bubble began to form as the next great "solution". It should be noted a good Keyneseist would have been a more effective administration since although Keynes was a proponent of the type of stimulus government is currently feeding us he sought a steadier growth line and would have accumulating surpluses instead of cutting taxes during our trickle down years.

On the foreign front, the US who did not enter WWII until the provocation called Pearl Harbour became known as the world super power with its attacks on Hiroshima and Nagasaki. Emboldened by success they establised the state of Israel and for the first time were quick to support an "ally" protecting democracy in Korea and provoking the cold war bubble (burst by expending much of what should have been saved to support Keynesian economics as the baby bubble was winding down).

The intervention bubble first challenged by Viet Nam but likely to be ending courtesy of Iraq/Afghanistan included forays into Saudi, Iran, Iraq, Jordan, Central America, the far east was ending as British colonialism was winding down.

As the first boomers reached retirement all was well, but with that the beginning of the end of the over capacity bubble growth opportunities would be scarce so attention was turned towards maintaining capacity in what has been called the housing bubble, a period in which extraordinarily low interest rates (thanks to Mr. Greenspan who's thinking was flawed) were used to allowed continued expansion despite dwindling demand due to demographics and natural downsizing as the boomers became empty nesters of significantly smaller families.

Thanks to the "success" of the trickle down years the de/anti-regulation bubble was born and further flawed thinking by Mr. Greenspan resulted in the weapons of financial destruction bubble which has put the western world on the brink of economic, financial and social collapse.

Sadly governments that interfere in the governments of other countries, take military action against college students, build an enormous military industrial complex, may have been complicit in the taking down of the twin towers while its citizens stand apathetic and complacent have created the scariest bubble of all ... the "trust your government bubble" ... when that bubble will burst I do not know, but its impact will be far worse than anything humanity has yet to experience.

orgy