The 5th Wave: Our Decentralized Future

Winter (2020-2036) ← You are Here? [Altucher Confidential] September 01, 2022 [WEBSITE]( | [UNSUBSCRIBE]( Though pain is certainly coming… Those prepared for it could have the single-greatest opportunity of their lifetimes to grow massive, life-changing, perhaps even dynastic wealth. [Hero_Image] The 5th Wave: Our Decentralized Future By Chris Campbell [Urgent] Analyst Issues Rare “All-In” Buy Alert For Tiny Stock [Click here for more...]( [This might be the biggest miracle of modern medicine that you or I will ever witness…]( Breakthrough new research shows that one company is on the verge of fixing one of the biggest health problems in America today. And no, I’m not talking about cancer, heart disease, Alzheimer’s or anything else you’d expect… The disease I’m talking about affects a staggering 58 million American adults, or about 1 in 4 adults in this country. [Click Here Right Away For Details On This Urgent Buy Alert.]( [Chris Campbell] CHRIS CAMPBELL His name was Edward R. Dewey. As the chief economic analyst in the Department of Commerce in the 1930s (under Hoover), Dewey set out to investigate the cause of the Great Depression. To do so, he interviewed some of the world’s top economists. He was unimpressed. Dewey’s conclusion was that nobody knew anything -- especially not the economists. Except… maybe… a behavioral economist named Chapin Hoskins. Hoskins suggested that there was a tendency for certain business behaviors to repeat at regular intervals. They were so regular, in fact, that they had forecasting value. Dewey was intrigued by this idea -- that the economy ran in predictable cycles -- and set off studying it deeper. Soon after, FDR took over and Dewey left the Department of Commerce and, embracing this change of pace, fell deep down the cyclical rabbit hole. Dewey didn’t just notice cycles in the economy. He discovered cycles everywhere: in animal breeding patterns, sunspots, diseases, weather, and much more. He produced data sets of everything he could find. He found that Arizona tree rings have a 16.66 year cycle. The consumption of cheese has a 4-year cycle. The price of iron pipe fittings in Milwaukee also appears to happen in regular intervals. To his astonishment, he began to notice patterns within the patterns, too. The number of lynx pelts collected in Canada was absurdly correlated to the rise and fall of the local snowshoe rabbit population, heart-disease rates in New England, and chinch-bug populations in Illinois. From the outside looking in, he might’ve seemed like a madman. [IMG 1] While some took his theory to be a science of prophecy, others accused him of being a collector of coincidences. He pushed back on both of them. As he told a New Yorker writer named John Brooks in 1962, “People try to make a religion of cycle study . . . either a religion or a crackpot fad. Actually, it’s neither one. If I’m right, it’s an emerging science.” The Faint Smell of God It took a while for science to embrace cycle theory. Perhaps it does smell too much of God. The scientist’s unwavering belief in strict causation is repulsed by the idea that human societies could be driven wholly by preordained cycles. Of course, everyone knows that cycles exist. Weather cycles. Business cycles. Hype cycles. Rises and falls of nations and superpowers. Political cycles. Fashion cycles. Experts have no qualms with those. It’s the idea of a unified cycle -- one cycle to rule them all -- that has nettled their nerves. They jeer at guys like Bill Erman, a market-timing analyst, who promotes his system Ermanometry. Erman believes that the market is a natural system, no different than the ant hill, the beehive, or the spider web. Ants, bees, and spiders don’t plan to build perfect mounds, hives, and webs. It is an instinctual process. Similarly, “Mankind is unconsciously constructing a geometrically perfect market.” While we don’t take Ermanometry, or any cycle theory, as gospel… There are things about cycle theory worthy of consideration. Biden’s Plan to Confiscate Your Cash? [Click here for more...]( On March 9, President Biden quietly signed Executive Order 14067. This Order could pave the way for Democrats holding onto power in 2024. In fact, they could control America indefinitely. A former advisor to the CIA and Pentagon believes this order could allow for legal government surveillance of all US citizens; total control over your bank accounts and purchases; and the ability to silence all dissenting voices for good. To protect your freedom and your wealth, [see his dark warning now.]( Our Decentralized Future Joseph Barbuto is an economic futurist who uses Long Wave Theory. His main thesis is that, despite all contrary appearances, we’re headed toward a decentralized future. And, he says, long standing economic cycles prove it. The theory of economic long waves, if you’re not familiar, was created by a Soviet economist named Nikolai Kondratieff. Kondratieff was tasked by Stalin to study the capitalist system. He did as he was told and noticed something interesting: capitalist systems go through cycles. Kondratieff returned to Stalin and told him that the capitalist system was going to collapse. Stalin, of course, was pleased to hear this. But, Kondratiev added, it will come back stronger than ever. Unlike Marx, who believed that capitalism was a long march toward total collapse, Kondratiev came to the conclusion that capitalism was an evolutionary cycle, prone to (roughly) half-century boom and bust cycles, always coming back stronger. Stalin didn’t like that last part, so he sent Kondratieff to Siberia where he was shot to death by his goons. Economist Joseph Schumpeter, who coined the phrase “creative destruction,” came to believe that Kondratiev’s long wave theory is the single-most important tool in economic forecasting. He took to heart Kondratiev’s revelation that capitalism is a complex, dynamic and cyclical evolutionary system. These cycles are, in Schumpeter’s words, a process of “industrial mutation that continuously revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.” Winter Isn’t Coming… It’s Here. Building on Kondratiev’s work, Barbuto believes we’re currently entering the Winter phase, not unlike how The Fourth Turning authors believe our time is the fourth cycle: Crisis. Spring (1949-1966) Summer (1966-1981) Fall (1981-2020) Winter (2020-2036) ← You are Here. Winter sounds bad, but there’s a silver lined tunnel with a light at the end of it. (How’s that for blending metaphors?) Though pain is certainly coming… Those prepared for it could have the single-greatest opportunity of their lifetimes to grow massive, life-changing, perhaps even dynastic wealth. Fortunes are made and lost in downturns. It’s also when a disproportionate amount of discoveries and inventions are produced, to be applied on the next upswing. What will be the discoveries that provide the most returns? Well, according to Barbuto, if historical cycles are any indication, we’re in the midst of moving from Mass Production (4th wave) to Decentralized Production (5th Wave.) This next wave integrates and transcends the past 100 years of innovation, putting a focus on what else we can achieve with the Internet, smartphones, computers, 3D (and 4D) printing, molecular manufacturing, cryptocurrency, nanotech, virtual reality, biotech, stem cells, micro-grids, quantum computing, and more. How to prepare? A.] Stay out of debt. B.] Don’t use leverage. C.] Diversify into next-gen technologies. D.] Hedge your bets. The most refreshing thing about Barbuto is his long-term optimism: “Creative destruction is driving the next renaissance,” he says, “but it means the end of ‘central planning.’” And… “I don’t have faith in people who are pessimistic. I have faith in 7 billion people coming together on the Internet and finding solutions to every issue. I don’t know about you, but these days whenever I have a problem I can find the solution pretty quickly online.” Leveraging the world’s genius is our greatest asset moving forward. And decentralization is the best way to do it. [Ed. note: As you know, we’ve been tracking the “decentralized money” trend for a long while now. Tomorrow, in our Early Stage Crypto Investor (ESC) research service, we’ll introduce a new crypto recommendation that we believe will not only benefit long-term from Ethereum's major upcoming upgrade -- The Merge -- but could also benefit Bitcoin and become a hedge against them both. The best of all worlds. (And it’s currently sitting below 25 cents.) Our weekly reports, reserved for members, is the only way to learn about it. [Click here to see if ESC is right for you.]( Until tomorrow, [Chris Campbell] Chris Campbell For Altucher Confidential Strange 2021 Prophecy Rapidly Coming True [Click here for more...]( America’s #1 Futurist George Gilder is telling American’s to “brace yourself” for the coming $16.8 trillion revolution. This same revolution could redefine millions of jobs and radically transform the way just about every major corporation does business. It could even change the way you get paid, save and invest for retirement. [And, says George, it could make you exceedingly rich — click here to see why.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. 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