3 ms·
> oil crisis If the basic stuff that runs the world (energy and chemical feed stock) doubles in price two separate times in the space of 7 years, you just migh
by JJMcJ 6y ago
> oil crisis
If the basic stuff that runs the world (energy and chemical feed stock) doubles in price two separate times in the space of 7 years, you just might expect tough times.
Interest rates lower than inflation, gold and silver not keeping pace with inflation either, general economic stagnation.
Not a good time, no it wasn't.
- Lammy 6y ago> you might expect tough times Unless your currency is the one the oil is required to be priced/sold in worldwide, maybe. Sounds like a great time to have USD to me.
- JJMcJ 6y agoIt wasn't. There is more to life than currency speculation. Basically everything doubled in price in 1973/1974, and again in 1979/1980.