However, to believe that one must ignore several important differences, with perhaps the biggest difference being that we've maxed out our national credit card.
We're in total uncharted territory, and those who are wise will do their best to prepare for a difficult future.
I remember saying in the past we could be headed towards a perfect repeat of the 1930’s: severe economic malaise and increased economic extremism that only has one final result: a general world war. And the world now—unlike the late 1930’s—still has several thousand operational nuclear weapons that could be launched and reach their targets in 30 minutes or less at minimum. Yikes.