Unemployment, the hotel you didn't know you owned, and the 72 year cycle

More "Green Shoots", huh? Unemployment insurance checks starting to run out:

WASHINGTON — Xernna Nieves, her four children and her sister, Sara, have for the past eight months lived in a single, cramped hotel room just outside of Atlanta.

(Credit: McClatchy Newspapers)

Nieves, her sister and the two youngest children, both girls, sleep four to a bed. The boys, 15 and 12, sleep on the floor. In such close quarters, "We're getting on each others' nerves," Nieves said.

After nearly two years without a job, about the only thing that Nieves, 41, a former accounting worker, can count on is her unemployment insurance check; a $330-a-week lifeline that pays the rent, fills her gas tank and feeds her family when their $300-a-month food-stamp benefit runs out in mid month.

Barring any further action from Congress, however, Nieves' "lifeline" will be cut at the end of June.

That's when she's slated to join hundreds of thousands of jobless workers nationwide who've exhausted their maximum 99 weeks of unemployment benefits and face life with no meaningful income. ...

Next up, via Mish, on the hotel chain you now own:



Maybe Ms. Nieves should ask to stay at the Red Roof Inn.


And Randall Hoven over at American Thinker predicts the collapse of entitlement spending in two years:

What we have here is the failure of the unfree market. That means the failure of Greece. And the other PIGS (Portugal, Italy, Greece, Spain). And Europe. And it means the U.S., too. It even includes the Great Recession. The modern welfare state is collapsing around us.

If you had believed in the 72-Year Rule, you would have seen this coming. The 72-Year Rule says the lifetime of any social order or governing paradigm is about 72 years. For example, how long was it from the adoption of our original Constitution (1789), which sanctioned slavery, to the Civil War (1861)? Call it 72 years. And from then until the New Deal in 1933? Another 72 years. How about from the Bolshevik Revolution (1917) to the fall of the Berlin Wall (1989)? That would be 72 years again.

Do you know when the first Social Security check was issued? January 31, 1940. If my guess is right, Social Security has maybe two more years left.

Generally, the modern welfare states were born in the 1930s. So the 72-Year Rule says the modern welfare states will collapse and/or turn into something else in the 2002-2012 time frame.

Kinda makes you believe in the 72-Year Rule, doesn't it? ...

For those that haven't read The Fourth Turning, by economic historians William Strauss and Neil Howe, those authors make a similar case, though on an 80 year generational cycle.