[Errant]

I don't know what will trigger the second and final phase of what's surely to be much worse economical and likely violent times ahead. Agree, nothing every repeats "exactly" the same. However all through history, you can see the same cycles repeated over, and over.

"Two things in the universe are infinite, human stupidity and space, and I'm not sure about space" - Einstein, last century.

Certainly it doesn't have to be repeated again. We have the knowledge and technology to break the cycle. Will we? Hell no...

We'll use the knowledge and technology to ensure "great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be" - Yeshua Messiah, 2000 years ago.

[catnipman]

Neither China nor the EU are doing well right now. Both are extremely shaky. The collapse could come in the form of the “perfect storm when the U.S. economy, the Chinese economy, and the EU economy all tank at the same time. That would produce a worldwide depression the likes of which has never been seen before, and the destruction to societies will be like nothing seen since the fall of the Roman Empire.