[Verse 1] Nineteen seventy-three arrived with thunder OPEC squeezed the spipes, sent prices under pressure Four times higher crude hit every nation Balance sheets went red across creation Money flowing out like broken levees Uncle Sam's accounts showed growing deficits heavy [Chorus] Oil shock leads to debt shock, that's the chain External red ink drives the borrowing game Vulnerability creeps when rates fluctuate Growth stumbles hard when the bills accumulate Remember the sequence: shock, deficit, borrow, break The Great Divide of seventy-three's economic quake [Verse 2] Canada felt the tremor, imports costlier Current account bleeding, reserves got lostier Had to tap the markets, foreign capital calls Suddenly dependent on external financial walls When your wallet's empty but the bills keep mounting Every interest hike leaves your future discounting [Chorus] Oil shock leads to debt shock, that's the chain External red ink drives the borrowing game Vulnerability creeps when rates fluctuate Growth stumbles hard when the bills accumulate Remember the sequence: shock, deficit, borrow, break The Great Divide of seventy-three's economic quake [Bridge] Before this year, the golden age was humming Bretton Woods stable, prosperity was coming Then crude petroleum rewrote the rulebook External balance became a different outlook Interest rate sensitivity climbed the ladder When your debts are foreign, volatility matters [Verse 3] Global architecture cracked along the seams Developing nations watched their surplus dreams Turn to borrowing sprees in petrodollar markets Bankers pushed the loans with ambitious targets But higher rates ahead meant payment troubles Regime shift complete, prosperity in rubbles [Chorus] Oil shock leads to debt shock, that's the chain External red ink drives the borrowing game Vulnerability creeps when rates fluctuate Growth stumbles hard when the bills accumulate Remember the sequence: shock, deficit, borrow, break The Great Divide of seventy-three's economic quake [Outro] From energy crisis to financial fragility The year that changed our economic agility Shock, deficit, borrow, break - don't forget the stakes
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