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We are already living through both World War 3 and a 1929-style economic depression, but unlike their historical precedents, these crises are unfolding in slow motion over 15+ years instead of the 1-2 year timeframes of the past. The 2008 financial crisis marked the beginning of our extended depression period, creating prolonged effects like asset bubbles, monetary distortions, and social breakdown through the opioid crisis and COVID-19, rather than the immediate economic devastation of 1929. Similarly, current global conflicts from Gaza and Ukraine represent the early stages of World War 3, but in a distributed form involving multiple flashpoints, hybrid warfare, cyber attacks, and proxy conflicts rather than direct military confrontation between major powers. 3 replies
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