From Chapter 1, Meta Modern Era by Shri Mataji Nirmala Devi
#25 The Age of Transformation
In the Puranas, the modern times we are living in are called Kali Yuga, the Age of Confusion and Conflict. Yugas are periods of time, thousands of years long, that occur in a cyclic or spiral progression. Dwapara Yuga is the second age, when people begin to lose some of the great qualities they had in the first or Golden Age, and Kali Yuga (modern times) marks the lowest point of moral and spiritual consciousness in each cycle. It is followed by Krita Yuga, the age of transformation or actualisation of spiritual experience, which leads finally to Satya Yuga, the age of truth or reality, in which the Golden Age returns and all man’s faculties of spirituality begin to manifest themselves in their full glory once again.
Thus, according to the Puranas, humanity has great hope of enjoying Satya Yuga, which will give peace, harmony and divine love.
If we tally the description of Kali Yuga in the Puranas with very obvious observations of the present state of our society, it seems to me that the worst period of Kali Yuga started during the first quarter of this century (pre-1925). It is almost unbelievable how culture and thought have completely changed in such a short space of time, particularly in the West. In Kali Yuga, all traditional values are more and more undermined and destroyed and there is great moral confusion. ... ...
However, about twenty years ago, marking the very first stirring of a new Satya Yuga, the transitional age called Krita Yuga started manifesting itself. Krita Yuga is a unique period of spiritual ascent, as the all pervading divine power, called as Parama Chaitanya in Sanskrit, has become active at the level of ordinary human existence. ... ...
Krita Yuga is also a very blissful era for those who are genuinely earnest seekers of truth. In Krita Yuga, there are unique opportunities for self-transformation and, with their ascent, these seekers will achieve a very high state of spirituality.