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🚨US ECONOMY AT RISK? 💥
The 1970s and today are starting to look very similar.
Back then the world faced an oil shock, Middle East war, a weakening dollar, rising unemployment and surging inflation all at once.
Oil exploded from $3 to $40.
Gold ran from $35 to $850.
Stocks went sideways for years.
That era became known as stagflation. High inflation with a weak economy.
Now look at today.
Look at 1970 inflation chart and inflation 2014 till now. ( Right photo) It looks almost the same.
Energy prices rising.
Middle East WAR
Oil surging fast
Debt at record highs.
History never repeats exactly, but it often rhymes.
Smart people pay attention.
They don't ignore the history 👀