Hi, I'm 100% certain on 'THE' and "FUTURE". THE is pretty clear in the photo and even clearer in person. I am about 70% sure the next word is 'OF'. The O is faint but I'm pretty sure its an O and not a D and the second letter is either an F or an E and there seems to be a small gap to the next mark..
The word 'THE' does seem to have another letter very close to before it (looks like another T to me). This is barely further than the distance of the T to the H so it could be a continuation of the same word ending in THE or TTHE....but I can't think of anything.
The other thing to note is the letter spacing is irregular in the words, some are obviously closer together than others so it may be the gap between the word next to THE and THE is simply small?