The article presents a chronicle and causes of the global financial crisis. It contains an analysis of the influence of the crisis on Poland and a trend of Polish business cycle. The article presents a theory of Kondratiev large business cycles. Based on the calculations and opinions of economists, authors attempted to predict the global cycle in the context of globalization. The paper contains also the cycles by the year 2060, which were described by the economists after Kondratiev's death. The relation between the Kondratiev cycles and technological systems in the historical perspective is also presented there. The article ends with the conclusion that authors predict, for next few years, a slower activity of investing founds, bankruptcy of big companies and higher development of new technologies after 2015.