I’m excited when people get away from looking at the current crisis in comparison with 1995, and start viewing the longer trends at play, ones that take decades to unfold.

Check out this graphic by Charles Hughes Smith, in which he sees considerably larger patterns of wages, credit, and energy.

1. Peak oil, or the depletion cycle/end-game of the global economy’s complete dependence on inexpensive, readily available petroleum/fossil fuels.

2. The cycle of credit expansion and contraction (approximately 60-70 years), which is now beginning the transition from unsustainable credit expansion (bubble) to renunciation of debt (credit collapse) and global depression.

3. The generational cycle (4 generations or approximately 80 years) of American history which leads to nation-changing social, political and economic upheaval. (The American Revolution: 1781 +80 years = Civil War, 1861 +80 years = 1941, World War II + 80 years = 2021)

4. The 100+ year cycle of price inflation and stagnation of wages’ purchasing-power which began around 1901 is now reaching the final stage of widespread turmoil, shortages, famine, war, conflict and crisis.