The seventies were tumultuous, but its a pretty good bet that the 2020s will be even more so. From Charles Hugh Smith at oftwominds.com:
So what’s changed? Everything, but mostly beneath the surface churn of circus and theater.
2023 is echoing 1973 in potentially consequential ways.. It’s not just one year, of course; the entire era from 2019 echoes the era that started in 1969, when the second-order effects of postwar policies finally started kicking in.
Consider these similarities / echoes:
1. Major shifts in global capital and trade flows that attracted little notice start to matter in terms of currency valuations, inflation, monetary and fiscal policy and geopolitics: check.
2. After decades of modest inflation, inflation not only rises but is sticky rather than transitory: check.
3. Major shifts in the power structure of global oil markets: check.
4. Cultural and social shifts become divisive, reaching destructive extremes: check.
5. A global superpower is ensnared in a hot war in which the other side is supplied by a superpower rival: check.
6. Political scandals upend the cozy arrangements of political elites: check.
7. A new wave of geopolitical rivalries arise between allies and rivals alike: check.
8. Stock and bond markets keep rallying like nothing’s changed, but since things have changed, each rally fails: check.
STRAIGHT LINE LOGIC 