Watch the video above to see my most up-to-date interview with Greg Hunter of USA Watchdog.
Commentary from Greg Hunter:
Legendary monetary and geopolitical cycle analyst Martin Armstrong says nothing goes to get higher by the top of 2022, and he's nonetheless forecasting “chaos” coming in 2023. Armstrong says the plunge within the inventory market final week is all due to “excessive uncertainty.” Armstrong predicted a inventory market crash two months in the past and contends, “It’s not over.” Europe is in large monetary bother with Russian pure gasoline turned off as a retaliation from the sanctions. Armstrong explains, “In Europe, I consider they're truly intentionally doing this, and that is Klaus Schwab’s ‘Nice Reset.’ They know they've a significant issue. They lowered charges to beneath 0% in 2014. They simply began elevating rates of interest. In the meantime, you ordered all of the pension funds all through Europe to have greater than 70% in authorities bonds. Then they took it unfavourable. All of the pension funds are bancrupt. Europe is fiscal mismanagement on a grand scale. There isn't any means it might maintain itself, and we're taking a look at Europe breaking up.” So, might Europe suck the remainder of the world down the tubes? Armstrong says, “Oh, completely. Europe is the issue. . . . The disaster in banking will begin in Europe. . . . The debt is collapsing. They don't have any technique to maintain themselves. The debt market over there's undermining the steadiness of all of the banks. You need to perceive that reserves are tied to authorities debt, and that is the proper storm. Sure, the (U.S.) inventory market will go down quick time period. We aren't dealing with a 1929 occasion or a 90% fall right here. . . . Europeans, in all probability by January of 2023, as this disaster in Ukraine escalates, anyone with half a mind goes to take no matter cash they've and get it over right here.” So, the place is wise cash going to go? Armstrong says, “Shares are like gold, it's on the identical facet of the desk and is reverse authorities debt. Persons are not going to be shopping for authorities debt. They'll be taking a look at something within the non-public sector. . . . Persons are shopping for no matter they'll to get off the grid.” Armstrong says governments are borrowing and spend large quantities of cash. The Fed will preserve elevating rates of interest to struggle inflation, however Armstrong says, “Elevating rates of interest will solely make issues worse. We now have provide shortages, and elevating charges won't fill the gaps.” Armstrong has by no means been extra constructive on shopping for gold. Why? Armstrong explains, “We're taking a look at a sovereign debt default. That is what’s occurring. For this reason Biden will spend no matter he needs as a result of he is aware of he doesn’t need to pay it again. Ultimately, that is what’s going to occur. That is Schwab’s agenda.” Armstrong has predicted “2023 would be the 12 months from Hell.” Armstrong says, “Civil unrest will solely worsen” this 12 months, and he's predicting we may have full blown conflict subsequent 12 months. Armstrong contends Democrats are determined and can do issues like granting unlawful aliens citizenship to allow them to vote within the mid-term elections. In closing, Armstrong says, “One thing goes to spark a collapse in authorities once more. It’s going to be one thing, I believe, in Europe the place they do one thing drastic as a result of they don't have any different selection. . . . They want conflict because the excuse for the defaults of all the federal government debt.”
