Category Martin Armstrong
Interview: You Need Two Years Worth of Food
Posted originally on May 11, 2024 By Martin Armstrong
Click here to watch my latest interview on USAWatchdog.
Commentary from Greg Hunter:
“Legendary financial and geopolitical cycle analyst Martin Armstrong has new data on how well the Biden economy is doing. Spoiler alert: It’s not doing well, and the financial system is about to tank. I asked Armstrong if the US government could default on its debt if countries around the world continue to stop buying it? Armstrong explained, “I think the US could default on its debt as early as 2025, but probably in 2027. We have kicked the can down the road as far as we can go. It’s not just in the United States. Europe is in the same boat. So is Japan. This is why they need war. They think by going into war, that’s the excuse to default on the debt. They simply will not pay China. If they try to sell their debt–good luck. We are not redeeming it. The same thing is happening in Europe. So, once that happens, you go into war, and that is their excuse on this whole debt thing to collapse, which wipes out pensions etc. Then they can blame Putin. This is the same thing Biden was doing before saying this was Putin’s inflation. Then, with the whole CBDC thing (central bank digital currency) . . . . the IMF has already completed its digital coin, and they want that to replace the dollar as the reserve currency for the world. . . . These people are desperately just trying to hang on to power. Nobody wants to give it up, and nobody wants to reform.”
I asked Armstrong what should the common person be doing now? Armstrong surprisingly said, “I think you need, safely, two years’ worth of food supply. . . .This is what I have. It’s not just prices will go up, but mainly because there will be shortages. Then, you do not know what they are going to do with the currency. . . . They will do whatever they have to do to survive. That’s what governments always do.”
Armstrong says his most recent data suggests that government approval ratings in the USA are worse that Biden’s 8% approval rating. Congress, according to Armstrong, is dragging the bottom with a 7% approval rating. Armstrong has long said that people will buy gold and silver when faith in government crashes. That is exactly what Armstrong is seeing around the world today. Gold is bouncing around the $2,300 level, and Armstrong sees “a new gold and silver rally coming soon.” War is also coming sooner than later with the announcement that Ukraine will be joining NATO as early as July. When the next war starts, Armstrong warns, “You are going to have to watch the bank because long term interest rates are going to go up. Nobody wants to buy government debt, and you are going to have to hunker down at that stage in the game.”
Armstrong is also predicting a big turn on or about May 7th of next week. Armstrong predicts a recession will start then and go on until 2028. GDP will continue to fall, and inflation will continue to rise. Armstrong says it is the perfect storm for a dreaded “stagflation economy.”
There is much more in the 54-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Martin Armstrong, who will preview his “Mid-Year Seminar” in London May 24 & 25 for 5.4.24.”
Interview Martin Armstrong on GoldSeek
Posted 0riginally on May 5, 2024 By Martin Armstrong
On the ECM and Why
Posted originally on Apr 22, 2024 By Martin Armstrong
Argentina Posts First Surplus in Over a Decade
Posted originally on Apr 15, 2024 By Martin Armstrong
It took President Javier Milei of Argentina a mere two months to push his nation into a surplus. The Economy Ministry declared that the government posted a $589 million surplus, the first surplus in recent memory. Western media has been silent about Milei’s victory as his policies are pushing the nation back on the path of capitalism, whereas the West insists on continually moving toward socialistic policies.
Milei has pushed forth an emergency package in an attempt to balance the budget and introduced an austerity package worth around $1.4 trillion. He famously slashed government agencies that contribute nothing to the economy. Every public employee on payroll for less than a year has been terminated. He is aiming to reduce government by 34% overall. Transfers to local government have ceased.
He has called his measures a form of “shock therapy” for Argentina’s economy. Milei agreed to devalue the nation’s peso from around 350 to 800 pesos per USD. He has eliminated quotas on imports and exports and removed the licensing that was difficult to obtain. There is a temporary rise in taxes for non-agricultural trade that brings it on par with industry standards. Transportation and energy subsidies have been eliminated.
The Western media has only supported stories criticizing Milei for being a right-wing fanatical, the Donald Trump of Argentina. No one wants to report that his policies are effective and the improvements have been immediate. This man was brave enough to stand in front of the crowd at Davos and criticize them for their flawed ideologies. “The main leaders of the Western world have abandoned the model of freedom for different versions of what we call collectivism,” Milei said to a hostile crowd at Davos. “We’re here to tell you that collectivist experiments are never the solution to the problems that afflict the citizens of the world—rather they are the root cause.”
He said there was no one better to testify to this sentiment than the people of Argentina, who saw their nation fall after adopting collectivism/socialism. He believes unrestrained free market capitalism is the only way to end poverty and cited that the Industrial Revolution marked the first time the global economy truly saw growth. He said that collectivism has become fashionable in the West in recent years, but his nation had been declining for 80 years due to this illogical idea.
Those in charge want us to believe that capitalism equates to greed while collectivism is seen as a form of social justice but, of course, requires the money of others. Free enterprise is under constant attack, and Milei is one of the only world leaders fighting for its existence. “Social justice is not just. It doesn’t contribute to the general well-being,” Milei said to Davos, citing that socialism is “intrinsically unfair” and forces the state to attack the people for taxes. “Can any of us say that they voluntarily pay taxes?” he asked the crowd.
This is the first time Argentina has had a surplus in over a decade. Some may not realize how drastic these changes have been for the nation and undoubtedly proof that reregulation is efficient. Allowing the market to operate freely is the only logical option. The public sector is an absolute drain on a nation’s resources, and slashing tens of thousands of needless jobs and dozens of cabinets has helped Argentina in the short and long-term.
Imagine Waking from an 8-Year Coma – Reflections from the Last ECM Wave
Posted originally on Apr 16, 2024 By Martin Armstrong
The year 2015 was not long ago, and yet the entire world economy has changed. Central banks mismanaged monetary policy through arbitrarily low interest rates and continuous printing to appease the bigger issue—fiscal policy. Fiscal policies are all but nonexistent in most of the modern world, and government spending has become one of the largest threats to the global economy. The COVID lockdown pushed these issues into overdrive, and world leaders usurped power that they have refused to relinquish.
This is a global issue. Canada’s opposition leader Pierre Poilievre has highlighted how much has changed within one ECM cycle, as the last major turning point hit in 2015, and asked Parliament to imagine they had awoken from an 8-year coma.
Eight short years ago, Canada boasted one of the strongest middle classes in the modern world, surpassing that of America. Taxes were actually declining in Canada, falling faster than at any other time in the nation’s history. Crime had decreased by -25%, and people felt safe in their hometowns. The immigration system was efficient, the borders were closed, and there was no migrant crisis. Housing was affordable, costing less than half of what it does today. The nation had a balanced budget.
Poilievre mentioned that there were global conflicts at the time in Syria, Afghanistan, and even Ukraine but none of them were causing inflation at home. Prime Minister Harper had much different policies in place.
Inflation is now rampant, and even after hitting a 40-year high in 2023, it remains 50% above the 2% central bank target. Canada’s economy is shrinking per capita and is expected to have the worst OECD growth of all 40 member countries for the next five years. There is a massive housing crisis in Canada, surpassing that of America, and homelessness is on the rise. The Canadian borders are open, migrants are encouraged to come to the nation despite the lack of housing, and millions of unvetted migrants are now within Canadian boundaries. Taxes are rapidly rising as Trudeau supports World Economic Forum initiatives like carbon taxes and reducing fossil fuels at the expense of the people. Canada has sent a fortune to Ukraine and continues recklessly spending on initiatives that in no way benefit Canadians.
Poilievre is on Trudeau’s tail. It is no wonder that nearly half of Canadians wish to elect a new leader in 2024 instead of 2025. Trudeau is losing his grip over the Canadian people who have become disgruntled with the unsustainable cost of living, rising crime, and increasingly tyrannical government.
It is incredible how much can change within one wave of the ECM. I can assure you that the world will be a very different place by the next one.
We are TOO Stupid to Vote
Posted originally on Apr 16, 2024 By Martin Armstrong
Aristotle believed that after Pericles died in 429 BCE, the demos continually appointed charismatic demagogues who damaged Athenian democracy. The three main Greek philosophers were against Democracy because the people were too stupid and uneducated. This is where we had even John Kerry claiming Trump’s election was because of “populism,” and this must be prevented.
Once again, the United Nations discourages individualism with this same philosophy that we are too ignorant to understand what they know. As Sir Huxley wrote when forming the United Nations, “unrestricted individualism is equally erroneous.” So much for human rights. We should have no right to vote, and in reality, these people claim to be defending democracy against autocracy when, in fact, we do not live in a democracy at all. They call Russia an autocracy when, in fact, we have no right to vote if we should go to war. We are too ignorant to know what to do in life.
There is an all-out assault on Democracy, and it is not from Trump. Here is Klaus Schwab, who is the poster child for authoritarian government and the suppression of human rights. We are too stupid to be allowed to vote since we are beneath the level of intelligence of those who know better. When Trump was elected, that is when Democracy became Populism – and that was not acceptable.
Interview on Interest Rates
Posted Apr 14, 2024 By Martin Armstrong
The Middle East – The Coming War of Wars
Posted Apr 14, 2024 By Martin Armstrong
QUESTION: Many people who are Jewish and Christian would love to destroy the Dome of the Rock. We hear Christian zealots pushing this event to bring about the Second Coming and Armageddon. Does Socrates show anything on this subject?
Do you plan an update on your Middle East War Report? It’s been almost ten years, and 2024 is here.
IW
ANSWER: I have visited the Dome of the Rock and paid my respects. Jerusalem is the crossroads of three major religions – Jewish, Islam, and Christian. Disputes over specific locations abound throughout the city. There has been a long-running and undeclared war between two of Israel and Iran – the Middle East’s most implacable foes. I am deeply concerned that 2024 was the target year for this confrontation to burst to the surface. The October 7th Hamas/Iran attack on Israel was the beginning.
To the Jews and Christians, this is known as the Temple Mount, while the Muslims call it the Dome of the Rock. It contains a huge rock that the Jewish tradition says is that this is where Abraham was told to sacrifice his son. To the Muslims, the rock is the spot from which the Prophet Muhammad was taken up into heaven for an encounter with God (an event known as the Miʿrāj). Thus, it is the same rock, symbolizing the clash between these religions.
There are some Christian Zealots who want to destroy the Dome of the Rock to force the Second Coming and Armageddon. Yet there are also far-right Jewish Zealots advocating the destruction of the Dome of the Rock to pave the way for building a Jewish temple. The initial construction of the Dome of the Rock was undertaken by the Umayyad Caliphate on the orders of Abd al-Malik back during the Second Fitna (691–692AD). It was constructed on top of the very site of the Second Jewish Temple, which had been constructed in c. 516AD to replace the destroyed Temple of Solomon was reconstructed by Herod the Great, the Jewish King of Judea from 37/6BC to 4/1BC. It was that Temple that the Romans destroyed in 70AD.
It was only after the Six-Day War was over by June 10th, 1967 (1967.441) that Israel’s capital city, Jerusalem, was reunited. For the first time in 19 years, the Old City was open to believers of all faiths, and Jews could access their holiest sites. I was fortunate to have visited everywhere in the late 1970s. Cyclically, that was precisely on time under the model.
It was 51.6 years right on target from the Six-Day War that the negotiations began, and within two months, on March 25, 2019, then President Donald Trump signed the Proclamation on Recognizing the Golan Heights as Part of the State of Israel. It was then, from May 3rd to 6th, that the Gaza–Israel clashes began (May 2019) also on time.
Israel allowed Jews to pray on the Temple Mount. The Jews have been praying at the base of the Temple Mount, where the old Temple Wall still remains. Jordan, the custodian of the Dome of the Rock, demanded that the government cease Jewish prayer on the mount. The Israeli government avoided formally addressing these silent prayers. They occur on the eastern side of the Dome of the Rock/Temple Mount, albeit without traditional Jewish prayer items such as tallit, tefillin, or siddur.
Our computer has been projecting a rising confrontation and has targeted 2024 as the key turning point. I also reported on that in the February 13th, 2023 post in the last update. Yes, I will update this.
Centinel2012 