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Sunday, November 9, 2008

All of this has happened before and it will happen again. Part 1

"All of this has happened before and it will happen again." Is dialog from the re-imangined version of my favorite show Battlestar Galactica, which is in the middle of it's fourth and final season. Can't wait until it returns January 16, 2009.

The phrase, first spoken by the Cylon known as Leoben, has become a re-occurring theme throughout the show as sort of a religious conitation. It is not quite clear as of it's meaning yet, but I suspect it will be revealed by the shows finale. The meaning for me is that history repeats itself.

History does for sure repeat itself. Maybe not in the same exact circumstance, but in similar patterns. What has happened to the economy after the mortgage meltdown has happened before and it will happen again. Similar instances have taken place throughout history and undoubtly will happen again. I am sure that some new craze will be on the horizon soon.

We will be taking a look at all the bubbles and crashes through the years. Some that were not so long ago that we have quickly forgotten. I will tell my own story as well, and reflect on how history seems to come full circle. Mainly because of us repeating the same patterns. "All this has happened before and it will happen again." is spoken by the Cylons, who are robots, but who indeed is more human. I guess being human can destine us to repeat the same things over and over again and not learn from our mistakes.

Here is what we will be looking at:

1. The Tulip and Bulb Craze.

2. The South Sea Bubble.

3. The Florida Real Estate Craze.

4. The Great Depression.

5. The Crash of 1987.

6. The Asian Crisis.

7. The Dotcom Crash.

Part 2 The Tulip and Bulb Craze.

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