Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Grey Champion Assumes Command of America's Fourth Turning Crisis - Part 1

Politics / US Politics Nov 20, 2016 - 05:31 AM GMT

By: James_Quinn

Politics

At each of these great gates of history, eighty to a hundred years apart, a similar generational drama unfolded. Four archetypes, aligned in the same order - elder Prophet, midlife Nomad, young adult Hero, child Artist - together produced the most enduring legends in our history. Each time the Grey Champion appeared marked the arrival of a moment of "darkness, and adversity, and peril," the climax of the Fourth Turning of the saeculum. - The Fourth Turning - Strauss & Howe


In September 2015 I wrote a five part article called Fourth Turning: Crisis of Trust. In Part 2 of that article I pondered who might emerge as the Grey Champion, leading the country during the second half of this Fourth Turning Crisis. I had the above pictures of Franklin, Lincoln, and FDR, along with a flaming question mark. The question has been answered. Donald J. Trump is the Grey Champion.

When I wrote that article, only one GOP debate had taken place. There were eleven more to go. Trump was viewed by the establishment as a joke, ridiculed by the propaganda media, and disdained by the GOP and Democrats. I was still skeptical of his seriousness and desire to go the distance, but I attempted to view his candidacy through the lens of the Fourth Turning. I was convinced the mood of the country turning against the establishment could lead to his elevation to the presidency. I was definitely in the minority at the time:

Until three months ago the 2016 presidential election was in control of the establishment. The Party was putting forth their chosen crony capitalist figureheads - Jeb Bush and Hillary Clinton. They are hand-picked known controllable entities who will not upset the existing corrupt system. They are equally acceptable to Goldman Sachs, the Federal Reserve, the military industrial complex, the sickcare industry, mega-corporate America, the moneyed interests, and the never changing government apparatchiks. The one party system is designed to give the appearance of choice, while in reality there is no difference between the policies of the two heads of one party and their candidate products. But now Donald Trump has stormed onto the scene from the reality TV world to tell the establishment - You're Fired!!!

The linear thinking supporters of the status quo are flabbergasted and outraged by Trump's popularity. The ruling classes never anticipate the mood shift of the peasants as they look down on the masses from their gated estates and penthouse suites. The country is looking for someone who can tear down the entire fetid, corrupt, rotting structure. The onset of phase two of this Crisis in 2016 will produce a populace more desperate, less trusting of the establishment and likely to turn towards someone like Trump, in despair. - Fourth Turning - Crisis of Trust (Part Two)

Strauss and Howe wrote their prophetic tome two decades ago. Their prognostications have played out exactly as they prophesied. They did not know which events or which people would catalyze this Fourth Turning. But they knew the mood change in the country would be driven by the predictable generational alignment which occurs every eighty years. Our regeneracy is now solidly under way.

"Soon after the catalyst, a national election will produce a sweeping political realignment, as one faction or coalition capitalizes on a new public demand for decisive action. Republicans, Democrats, or perhaps a new party will decisively win the long partisan tug of war. This new regime will enthrone itself for the duration of the Crisis. Regardless of its ideology, that new leadership will assert public authority and demand private sacrifice. Where leaders had once been inclined to alleviate societal pressures, they will now aggravate them to command the nation's attention. The regeneracy will be solidly under way." - Strauss & Howe - The Fourth Turning

Linear thinking pundits, politicians, businessmen, bankers, bureaucrats, and citizens fail to grasp the cyclical nature of history. They think themselves progressives, falsely believing humanity and history move forward in a straight line. Nothing could be further from the truth. This is why they throw hissy fits when their predictions and beliefs are thrown into disarray by events and mood changes in the country.

The linear thinking establishment is losing their proverbial minds over Trump's landslide electoral victory, they never saw coming. They're flabbergasted, angry, and living in denial as history tracks a path it travels every eighty years or so. As the Greatest Generation departs this earth, there are few left who lived through the last Fourth Turning. That's why the living generations are always surprised when another predictable crisis arrives. We never seem to learn the lessons of history.

Perpetual progress is a myth. Average American households haven't seen economic progress in decades. Education continues to deteriorate, as the young become progressively dumber. Well-paying goods producing jobs have been shipped overseas, replaced by low paying, no benefits service jobs. Government is corrupt, inept, and discredited. Our culture is degraded, decadent, depraved, and despoiled.

Progress has devolved into regression. We've entered our saecular Winter and there is no turning back. It arrived with ferocious blizzard like conditions in 2008, and had been in a debt induced lull until this election. A bitter fierce wind has begun to whip across the plains and black swirling clouds portend a tempestuous future. As the gathering storm looms, the Grey Champion appears on the mountaintop.

"Americans have always been blind to the next turning until after it fully arrives.

Most of today's adult Americans grew up in a society whose citizens dreamed of perpetually improving outcomes: better jobs, fatter wallets, stronger government, finer culture, nicer families, smarter kids, all the usual fruits of progress. Today, deep into the Third Turning, these goals feel like they are slipping away. Many of us wish we could rewind time, but we know we can't - and we fear for our children and grandchildren.

Many Americans wish that, somehow, they could bring back a saecular spring now. But seasons don't work that way. As in nature, a saecular autumn can be warm or cool, long or short, but the leaves will surely fall. The saecular winter can hurry or wait, but history warns that it will surely be upon us.

We may not wish the Grey Champion to come again - but come he must, and come he will." - The Fourth Turning - Strauss & Howe

To those who have never read the book or understand generational theory, they are appalled I would declare Donald Trump as the Grey Champion. They interpret the word "champion" as having a positive connotation. It has nothing to do with whether the Grey Champion is a good person, moral person, or likeable person. It doesn't even have to be one person. Ben Franklin and Samuel Adams, both from the Prophet generation, are considered the Grey Champions of the American Revolution Fourth Turning. One was a diplomat who used his guile and cunning to propel the revolution forward. The other was a firebrand, in the mold of our current Donald Trump.

In most cases the Grey Champions are not revered or glorified until decades after the Crisis is resolved. Lincoln was and still is despised by just about everyone living south of the Mason Dixon line. Outraged businessmen attempted to convince Smedley Butler to lead a coup against FDR. Large swaths of Americans believe he is responsible for creating our welfare state and the unfunded liabilities which are playing a large part in this current Fourth Turning. The unintended consequences of decisions made in previous Fourth Turnings often become the catalysts for the next crisis.

The Grey Champion or Champions are Prophet Generation leaders who command respect due to their age, attitude and warlike demeanor. They were born shortly after the previous Great War Crisis and became the narcissistic young crusaders during the Awakening, driven achievers during the midlife Unraveling, and principled moralists summoning great deeds during the next Crisis.

They tend to inspire through their words and rhetoric, rather than through grand deeds. They are human beings, and as with all humans, they exhibit both positive and negative traits. Prominent positive traits include being principled, resolute and creative. Detrimental traits include being narcissistic, presumptuous, and ruthless. The Grey Champion arrives when the situation looks grim and the people need a jolt of courage to meet the frightful challenges ahead.

One afternoon in April 1689, as the American colonies boiled with rumors that King James II was about to strip them of their liberties, the King's hand-picked governor of New England, Sir Edmund Andros, marched his troops menacingly through Boston. His purpose was to crush any thought of colonial self-rule. To everyone present, the future looked grim.

Just at that moment, seemingly from nowhere, there appeared on the streets "the figure of an ancient man" with "the eye, the face, the attitude of command." His manner "combining the leader and the saint," the old man planted himself directly in the path of the approaching British soldiers and demanded that they stop. "The solemn, yet warlike peal of that voice, fit either to rule a host in the battlefield or be raised to God in prayer, were irresistible. At the old man's word and outstretched arm, the roll of the drum was hushed at once, and the advancing line stood still." Inspired by this single act of defiance, the people of Boston roused their courage and acted. Within the day, Andros was deposed and jailed, the liberty of Boston saved, and the corner turned on the colonial Glorious Revolution.

"Who was this Gray Champion?" Nathaniel Hawthorne asked near the end of this story in his Twice-Told Tales. No one knew, except that he had once been among the fire-hearted young Puritans who had first settled New England more than a half century earlier. Later that evening, just before the old priest-warrior disappeared, the townspeople saw him embracing the 85-year-old Simon Bradstreet, a kindred spirit and one of the few original Puritans still alive. Would the Gray Champion ever return? "I have heard," added Hawthorne, "that whenever the descendants of the Puritans are to show the spirit of their sires, the old man appears again." - The Fourth Turning - Strauss & Howe

The old man has appeared again. Just as he appeared eighty years after the glorious revolution behind the breastworks on Bunker Hill, providing spiritual inspiration to the farmer militia. The greying peer of Samuel Adams and Ben Franklin was just playing his role in the generational alignment which occurs every eighty years like clockwork. As the hour of darkness, adversity and peril arrives, the virtuous, fiery and unrepentant Gray Champion(s) appear through the fog of history like an apparition.

As the clock counted down to 1860, seventy-nine years after the climax of the previous Crisis, ideologues, warriors and righteous politician Grey Champions like John Brown, William Tecumseh Sherman, Robert E. Lee and Abraham Lincoln stepped into the breach, as the terrible swift sword felled over 700,000 citizens.

Seven decades later as financial markets collapsed, the world sank into a global depression, with world war just over the horizon, a moralistic no-nonsense prophet generation leader arose to lead his nation towards their rendezvous with destiny. As ancestral generations entered the constellation that reoccurs every eighty years, elder warriors FDR, Douglas MacArthur, and Winston Churchill appeared to revive the spirits of their countrymen and fight the scourge of fascism.

No one can make the argument these three Crisis leaders were likeable. In fact, their personalities were grating and they were detested by friends and foes alike. What they did was ignore protocol, feelings, and minutia, to focus on the only thing that mattered - prevailing at all costs.

The previous two Grey Champion leaders - Lincoln and Roosevelt - are still reviled by many Americans, as they were by millions during their time. Unconstitutional policies and executive actions during the gloomy ambiguous days of the Civil War, Great Depression, and World War II left a long lasting impression on the country and play a major role in our current crisis.  Both centralized power with the Federal government, drastically weakening the power of the states. Both set the country on a path towards increased taxation, spending and waging war.

Lincoln and FDR were elected Grey Champions, but Lincoln only received 39.9% of the popular vote in a four way race, while FDR won in a landslide with 57% of the vote over Hoover. It was clear Lincoln didn't have a mandate, as Southern states began seceding after his election.  Lincoln's support in the North was halfhearted at best.

Lincoln captured only 55% of the vote in the 1864 election, with only northern states voting. His cabinet of rivals despised him. They plotted against him, actively opposed his policies, and gloried in his failures. After four grim years of slaughter and failure, he was assassinated just as his armies' attained victory. To this day he is still despised by liberty minded states' rights proponents.

Even though FDR won landslide popular vote victories in 1932 and 1936, his detractors and adversaries were numerous. FDR's confiscation of gold, antagonism toward big business, and dictatorial style, convinced a number of wealthy businessmen to approach General Smedley Butler to lead a coup against FDR and install a fascist regime to run the country. His New Deal "make work" projects and socialist policies were widely scorned by free market capitalists, as they prolonged the Great Depression.

No one can assert Lincoln or FDR united all Americans in a common cause. Grey Champions are not universally adored or defended. They aggravated societal pressures that had been ignored or deferred by their predecessors. Compromise was not an alternative for these men. They were going to lead in a confrontational style suited to the times, using unyielding principles to vanquish their enemies. Grey Champions have a particular set of personality traits making them well suited to lead during a Crisis. They have the facility to overlook the complexities of life and focus on one simple imperative: society must prevail.

In Part Two of this article I will assess the prospects of success for our new Grey Champion - Donald J. Trump and why this Fourth Turning is about to turn nasty.

Join me at www.TheBurningPlatform.com to discuss truth and the future of our country.

By James Quinn

quinnadvisors@comcast.net

James Quinn is a senior director of strategic planning for a major university. James has held financial positions with a retailer, homebuilder and university in his 22-year career. Those positions included treasurer, controller, and head of strategic planning. He is married with three boys and is writing these articles because he cares about their future. He earned a BS in accounting from Drexel University and an MBA from Villanova University. He is a certified public accountant and a certified cash manager.

These articles reflect the personal views of James Quinn. They do not necessarily represent the views of his employer, and are not sponsored or endorsed by his employer.

© 2016 Copyright James Quinn - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

James Quinn Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in