What we're witnessing today bears a striking resemblance to the historic oil shocks of the past, and the ripple effects may well replicate the stagflation that defined the 1970s.

Most people fail to grasp just how precarious the current landscape has become — a full-blown crisis may already be in motion.

Compared to the 1970s, our starting point is far more dangerous: sovereign debt has ballooned to historic levels, asset prices are stretched beyond reason, and stock market valuations have reached extremes last seen during the dot-com era.

Should this conflict and energy crisis persist, what lies ahead could be a catastrophic convergence — the kind of supply-side devastation seen in the 1970s colliding head-on with the financial system implosion of 2008, all at once.

The window for complacency has closed.

The stakes have never been higher, and the vast majority of investors remain dangerously exposed to what's coming.