The meaning of history

What is the meaning of history? None! It is the reason we will never learn from history. History is about the success and destruction by the hands of the powerful. We will never learn its dynamics.

Hitler, Napoleon, Stalin & Co. pursued power to its catastrophic end. The French Revolution, the British and Roman Empires sought growth to the ultimate collapse. The Church of Rome during the Dark Ages, Greenspan, A. Burns in the 1970s, and Bernanke witnessed immense destruction of wealth. Their power was useless in avoiding disaster. They caused it.

People go to Yale, Princeton, and Harvard to study … what, why? To become powerful and amass wealth. If we knew, if we understood the meaning of history, we would not have had the problems humanity has had throughout the millennia – and now. They write learned dissertations. The outcome is disaster. Why? Because they do not have a clue on how the world works.

If they knew, we would live in a static, wonderful existence without problems – now and forever. However, nothing stands still. The economy grows faster, then slows down, sometimes severely, to correct the excesses. Why, in spite of all the money we spend to educate the pundits, do these awful oscillations keep coming? Because they do not know. They do not have a clue of what and why events unfold.

The Great Depression, the inflationary 1970s with their frequent recessions, the technology and housing bubbles, credit crises, the recent convulsions. Why? Because all the knowledge gained in premier schools is used with the sole purpose of achieving power. Moreover, power is achieved with class struggle and destruction of the weakest. This is what creates “progress”, some say.

Why is humanity staggered with disasters? Because we do no not know. What we study is used to win the fight. The fight makes our knowledge of history useless. Because we do not know the players. The constant of history is imbalance, inequality, instability. These wild seminal oscillations cannot be predicted or controlled. Only the winning power group will eventually convince us things are under control. Under their control.

To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

George Dagnino, PhD
Editor, since 1977