Coffee and a Mike Martin Armstrong #1231
Oct 15, 2025
Martin Armstrong, a renowned economist and founder of AE Global Solutions, engages in a thought-provoking discussion. He dives into the intriguing concept of silver backwardation and explores gold's resistance levels. Armstrong also warns about Europe's financial fragility amid rising capital controls and geopolitical tensions. He critiques the reliance on Bitcoin as a safe haven and draws parallels to historical capital restrictions. With insights on wealth taxes and potential risks of conflict, he offers a comprehensive view of today's economic landscape.
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Precious Metals Fueled By Geopolitics
- Silver is in backwardation, signaling a near-term physical shortage versus futures contracts.
- Gold's rally is driven mainly by geopolitical risk, not inflation, so peace narratives can reverse gains.
CBDC Push Enables Capital Controls
- Europe plans to phase out physical cash and push CBDCs, enabling tight capital controls and account reporting.
- Such measures could block movement of assets including gold and potentially clamp down on Bitcoin.
Euro's Structural Debt Flaw
- Europe faces sovereign-debt contagion risk because the euro unified currencies without consolidating debt.
- That structural flaw makes banks vulnerable and increases systemic crisis probability similar to 1931 defaults.