Investor Presentaiton

What Happened in 1971? (Cont'd) Electricity prices skyrocketed after decades of productivity-driven deflation Source: Peter Schmidt (@The92ers) on Twitter 6 Cost of Electricity (Data from Energy Information Administration & Census Department) -Electricity Cost ▲ 1971 -Population 14 cent Lkw - hr 12 10 8 Look at all that deflation - nothing could be worse! (Bernanke) Population (millions) 350 Population 300 250 200 Electricity Cost 150 0 0 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 32 100 50 O

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