Ford/Carter II

Gerald Ford was President after Nixon resigned. Ford was President during a time of stagflation brought on, in part, by a failed wasteful war in Vietnam. Heroin was a major problem in the US because the CIA was smuggling it into America from Southeast Asia and soldiers who served in Vietnam got hooked over there. Inflation spiraled out of control in the wake of Vietnam and dropping the gold standard for a "floating" currency and the petrodollar scheme.

Carter came along and implemented a bunch of failed policies and reforms as inflation spiraled. He became the face of the failure of the US economic system and half baked ideas about solving America's ongoing problems. Carter was associated with Three Mile Island for example, because he was a nuclear engineer.

The Trump/Biden pair is basically Ford/Carter II. The Biden administration is a bad, incompetent joke. Trump was basically incapable of doing anything he claimed to want to do.

Carter had numerous embargoes against the USSR as a result of their self-destructive invasion of Afghanistan. Now Biden and the puppet governments of the EU have self-destructive sanctions on Russia in the wake of their invasion of Ukraine. Commodity prices are taking off.

People will actually be riding bicycles and driving small cars soon, just like in the 1970s. I filled up my Element yesterday--the price per tank is already tickling $50 with gas under $5 a gallon--that tank price is en route to $75 and $100. That'll crush mom and pop working America pretty handily. That will also crush sales of $60,000 SUVs and $80,000 pick up trucks. Who is buying those things? I see numerous new Toyota 4-Runners driving around in my area--they start at $40K. People are going that far into debt for a car? It's crazy.

Commodities can inflate across the board, but then nothing else can, which probably means another financial implosion like 2008. This time will be much worse, though.