America will emerge stronger -- Current Economic Crisis...it is just a standard event in the larger economic cycles

Today media, wall street and main street is going crazy these days talking about the current economic cycle being the end of times and harbinger of fundamental changes to how the world is going to be in 21st centure.

However if we take a step back then we will be able to see that this is just a part of larger boom abd bust cycle of the world economy that runs over ~80. Since most of us alive do not remember from personal memory 80 year cycles it is easy to think that this is a unique event that will change the world forever. Be it 1930 great depression or 1850+ civil war or 1770s independence war, just this nation has seen siginificant changes happening every 80 plus years that changes its face for the coming generation.

While in each of the past major cycles, people at the time thought that this cycle will bring the doom of this nation, American nation has risen each time stronger with brighter future than before and I do not think that this time is going to be any different. ... stay tuned for my next blog on why I think so.