Panel 1: Again, Moore & Gibbons mirror a comment in the dialogue with the imagery in the panel, as Veidt talks of how “…atomic deadlock guided [humanity] downhill…” even as Veidt makes his way down the expansive staircase that leads to the main floor of his fortress.
Panel 2: Veidt continues to descend the stairs, with Rorschach and Nite Owl now following, and this descent is mirrored in his dialogue as he comments upon how the rising political tensions ran parallel to the descent of the costumed adventurers’ public approval.
Panel 3: Veidt’s commentary of how he understood that the esteem with which costumed adventurers were perceived would reach bottom by the late 1970s is mirrored by him reaching the bottom of the stairs.
Panel 5-7: Veidt’s grim outlook of where the world was heading – to a point where the past, present, and future of humanity would be wiped out – is mirrored by the transition, visually, from inside Karnak, with Veidt, Bubastis, Rorschach, and Nite Owl, to the wind-swept and desolate setting outside on the Antarctic plain.
The final piece of dialogue in Panel 7 – “…as if it had never been…” – transitions directly to