With George Noory
Live Nightly 1am - 5am EST / 10pm - 2am PST
Economic Breakdown Cycles - Shows

Coast Insider

Not a member? Become a Coast Insider and listen to the show 24/7
Advertisement

Coast Insider

Not a member? Become a Coast Insider and listen to the show 24/7
Advertisement

Last Show Recap

Economic Breakdown Cycles

Author Phil Siracusa shared his chilling first-person account of experiencing a demonic haunting that surrounds him wherever he goes - known as the 'Horsefly case.' In the second hour, he was joined by psychic medium and paranormal investigator, Karissa Fleck, who is the lead investigator on the case. Open Lines followed in the final hour of the program.

Upcoming Shows

Sun 09-06  Other Side Messages/ ET Encounters Mon 09-07  Financial Outlook/ Cryptozoology Tue 09-08  Candidate Timetraks Wed 09-09  World Instability/ Telepathy & NDEs Thu 09-10  TBA
Fri 09-11  Border Patrol Tales/ Open Lines

CoastZone

Sign up for our free CoastZone e-newsletter to receive exclusive daily articles.

Economic Breakdown Cycles

Show Archive
Date: Sunday - October 12, 2008
Host: Ian Punnett
Guests: Howard Bloom

Author Howard Bloom talked about the cycles of economic collapse since the 1600s and how the present financial crisis may be solved. Regarding these recurring financial meltdowns that hit society, Bloom said "Every time it happens, the world is absolutely convinced that it has never seen anything like it before. And every single time, the world is wrong." He detailed such events as the "Tulip Boom" which crippled Holland's economy in 1637 and the "Soap and Cotton Revolution" that did the same to England's financial market in 1873.

Bloom explained how his research has revealed that these meltdowns occur approximately every seventy years and form a distinct pattern, which he called a "techno cycle." This cycle sees a new technology or energy source begin to emerge, then it skyrockets and the country behind it becomes an economic superpower. Following that, the technology becomes old and the market is satiated and, soon thereafter, the economy of the country once on top of the boom crashes. While that crash is going on, the next big technological burst is "bubbling up under the surface" and the cycle is beginning anew.

Looking at solutions to the current economic crisis, he noted "usually new technologies involve opening vast new frontiers, but frontiers are not always literal." One such emerging field was what he called the "cyber world," citing the remarkable sales of mini laptops and "smart phones." The other key area where Bloom foresees a technological boom is alternative energy, specifically "solar power harvested in space." He stressed that America, with its homegrown solar panel development and strong space presence, has the lead right now, but warned "we're letting it lapse because of a failure of imagination." Ultimately, Bloom mused, such forward thinking is "what makes new frontiers out of old emptinesses."

Bumper Music

Bumper music from Sunday October 12, 2008

Advertisement