Ray, I don’t disagree with your analysis per se at all, its historically accurate except for one thing, that is it describes everything that happens in the cycles you describe…but not of an actual and genuine paradigm change which is the most rare but the most inclusively progressive phenomenon in human history. Beyond “garden variety” paradigm changes there are what I refer to as mega-paradigm changes of which there has probably only been three in human history

1) the emergence of self awareness from the paradigm of self survival ONLY and so the reality of ethics,

2) the initial and ongoing invention of tools and

3) the change from tribal nomadic hunting and gathering to homesteading, urbanization and agriculture.

I assert that the fourth mega-paradigm change will be from the current monetary paradigm for the creation and distribution of all new money (which hasn’t changed since the first day of the third mega-paradigm change above) of Debt ONLY via the strategic integration of Monetary Gifting into the Debt Only system utilizing the same method the banks and the government use today to create new money, namely equal debits and credits that sum to zero, with a 50% Discount/Rebate policy at retail sale. Love to discuss this and the rest of its policy framework with you.