Summary
Phil assembles cycle history resources: Fred Harrison’s Daily Mail interview (rare mainstream coverage); Dr. Michael Hudson’s 2006 Harper’s Magazine article (still the best piece on the forthcoming crash); Ed Dodson’s “Brief History of Money, Credit and Banking.” He draws parallels: cryptocurrency in 2021 parallels Florida land boom (1920s); derivatives/easy credit (1980s); mid-cycle banking bailout (2001/02). Stock market at new highs, property “hot,” crypto as the “new new thing” — second half of cycle underway in Australia.
Key Claims
- Dr. Michael Hudson’s 2006 Harper’s article is “the best piece ever written about what was about to happen” re: 2008 crash. — confidence: high
- Cryptocurrency in 2021 parallels the Florida land boom of the 1920s. — confidence: high
- The second half of the Australian real estate cycle has started: new stock highs, “hot” property, crypto mania. — confidence: high