Martin Armstrong, CEO of Armstrong Economics, discusses his economic confidence model based on business cycles. Topics include investing in physical gold and silver, global economic predictions, political turmoil, debt crisis, and the decline of democratic values.
Declaration of climate emergency may lead to centralized power for addressing climate change.
Debt defaults could trigger wars and shift to new global reserve currency.
Corruption and power concentration threaten republic-based governments' stability.
Deep dives
Implications of National Climate Emergency Declaration
The White House considers declaring a national climate emergency, potentially granting Biden extensive powers akin to COVID control. This move could pave the way for increased governmental authority and influence centralization in addressing climate change concerns, mirroring recent events using COVID as a pretext for power expansion.
Economic Implications of Debt Default
The conversation delves into the dire consequences of debt default by major countries, maneuvered through the instigation of wars. The intent could be to facilitate a shift to a new global reserve currency, with IMF's digital currency poised to replace traditional currencies post-default events.
Future of Governments and Civil Unrest
Projections suggest impending collapses of republic-based governments due to embedded corruption and power concentration issues in political systems. Term limits and accountability deficits in power structures are seen as critical contributors to systemic governmental failures.
Preparing for Split and Economic Uncertainty
Amidst escalating civil unrest and projections of potential national splits, investing in tangible assets like land and precious metals such as gold emerges as a prudent strategy for individuals anticipating economic turbulence and seeking to secure their financial positions.
Historical Parallels and Societal Shifts
The discussion draws parallels from historical events like the fall of Rome and how single events can trigger significant societal shifts. Acknowledgment of cultural diversity and autonomy in governance mechanisms becomes pivotal amidst signals of societal fragmentation and power struggles.
He is CEO of Armstrong Economics and is the developer of the economic confidence model based on business cycles which is best known for calling the crash of 1987.