2024-2043: Fire luck

Fire can be understood as fire, war,

Fire overcomes metal, a financial crisis is inevitable 2024-2028

War, war, world war is inevitable 2022-2025

Are you ready for war?

In the past 100 years of history, there have been three world wars, each lasting about 4 years, and five financial wars, each lasting 3-5 years.

World War I

1914/7/8 to 1918/11/11

Europe, Pacific, Mediterranean, Africa, Middle East, Asia

World War II 1931/9-/8 to 1945/9/2

Europe, Asia, East Asia, Africa, Pacific, Mediterranean

World War III1950/5/25-1953/7/27

North Korea

World War IV

2022/2/24  Eastern Russia and Ukraine

2023/10/7 Palestine and Israel

There have been five global financial crises in the past 100 years.

Since the end of World War I, there have been six global financial crises, as follows:

1. Financial crisis from 1929 to 1939: The Great Depression

With the stock market crash on Wall Street in October 1929, a devastating economic depression swept across almost all industrialized countries and lasted for a decade in some countries. During the Great Depression, the highest unemployment rate in the United States reached 25%, and the unemployment rate in Germany, Australia and Canada was close to 30%. The US economy hit bottom in 1933, and industrial output fell to 65% of the pre-recession level.

2. 1973-1975: Economic crisis triggered by the oil crisis

In October 1973, the Fourth Middle East War broke out. In order to strike Israel and its supporters, the Organization of Arab Petroleum Exporting Countries announced an oil embargo on the United States and other countries, and at the same time joined other oil-producing countries to raise oil prices, which led to the outbreak of the oil crisis. This crisis triggered the most serious economic crisis since World War II in major industrial countries. Industrial production in the United States fell by 14%, and industrial production in Japan fell by more than 20%.

3. 1980s: Latin American Debt Crisis

Since the 1960s, Latin American countries have taken on large amounts of foreign debt to develop domestic industries, with the total amount of foreign debt exceeding $300 billion in the early 1980s. In 1982, Mexico announced that it was unable to repay its foreign debt, triggering a "debt crisis" that shocked the world. The debt problem seriously hindered the economic development of Latin America. In 1988, the per capita GDP of Latin American countries was only $1,800, falling back to the level of the 1970s.

4. 1990s: Japan’s bubble economy collapses

In 1990, Japan's real estate and stock markets began to fall catastrophically after several years of excessive growth. As assets shrank across the board, Japan experienced a long period of deflation and economic recession for 10 years. In the mid-1990s, Japan's economic growth stagnated.Entering the "zero growth phase".

5. 1997-1998: Asian Financial Crisis

As the United States raised interest rates and the dollar appreciated, exports from Asian countries whose currencies were pegged to the dollar continued to decline. In July 1997, as Thailand announced that the Thai baht would adopt a floating exchange rate system, currencies in Asian countries generally depreciated and a financial crisis broke out. In this crisis, Indonesia, Thailand and South Korea were the countries that suffered the most. The GDP of the three countries shrank by 83.4%, 40% and 34.2% respectively in two years.

6. 2007-2011: US subprime mortgage crisis and global financial crisis