Martin Armstrong, owner of Armstrong Economics and expert in economic predictions, shares his insights on global economic trends and geopolitical tensions. He critiques the rising distrust in governments, linking it to populist movements and free speech issues. Armstrong clarifies the nuances of tariffs, citing historical examples, and emphasizes the media's role in shaping market perceptions. He also highlights gold's significance as a safe haven during unstable times, particularly in light of increasing global tensions.
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insights INSIGHT
Global Anti-Government Sentiment
People worldwide are increasingly fed up with their governments for various reasons.
This represents a collective global uprising against governments due to progressive agendas and inaction.
insights INSIGHT
Misleading Media on Tariffs
Media sensationalizes market corrections and trade tensions to incite panic.
Tariffs historically have not caused economic collapses but have been used as negotiation tools.
question_answer ANECDOTE
Toyota US Plant Productivity Anecdote
Toyota's US plant productivity exceeded that in Japan, surprising Japanese executives.
Former union workers converted American plants to higher productivity without union issues.
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In 'The Great Crash, 1929', John Kenneth Galbraith provides a detailed historical account of the events leading up to the stock market crash of 1929 and its aftermath, the Great Depression. The book explores the speculative excesses, economic imbalances, and policy mistakes that contributed to the crisis. Galbraith emphasizes the importance of understanding these historical events to prevent similar economic disasters in the future.
Tom welcomes back Martin Armstrong from Armstrong Economics to explore current global economic trends, geopolitical tensions, and market reactions. Armstrong discusses how governments worldwide are facing declining trust due to progressive agendas, citing examples like Germany's shift toward far-right parties and Europe's struggles with migration.
Armstrong highlights the cyclical nature of political movements, referencing Trump's 2016 victory as a starting point for this global anti-government sentiment. He also touches on free speech restrictions, drawing parallels between historical financial suppression in Europe and today's broader censorship trends.
Regarding U.S.-China trade tensions, Armstrong explains that tariffs are often misunderstood, citing historical context from the 1930s to show they don't cause economic collapses but can lead to trade wars. He critiques media coverage for sensationalism, particularly Bloomberg's recent claims about market corrections, arguing these panic-inducing narratives mislead investors.
Armstrong also delves into Trump's policies, questioning his understanding of general economic and suggesting that lower corporate taxes could boost competitiveness. However, he warns against blaming Trump for broader economic declines, which he attributes to global trends rather than individual leaders.
The discussion shifts to gold's role as a safe haven during geopolitical instability, with Armstrong emphasizing its historical correlation with war and political uncertainty.
Time Stamp References:0:00 - Introduction0:35 - News & Keeping Up5:07 - Confidence in Gov't8:35 - Objectivity & Markets18:17 - Trump Rhetoric & China21:52 - CPI Lies & Obligations23:13 - Trade Negotiations?29:39 - Comparative Advantage39:10 - China & Real Reasons43:30 - Bond Markets & China?46:34 - Trump & Jerome Powell52:55 - Trump Policy Outlook57:30 - U.S. Income Tax1:00:00 - European Depression1:02:10 - Trump Reforms & Peace?1:13:44 - Gold Recent Strength1:16:51 - Gold & Safety Flight1:18:24 - Wrap Up
Guest Links:Website: http://armstrongeconomics.comTwitter: https://x.com/strongeconomicsFacebook: https://facebook.com/martin.armstrong.167Amazon Book: https://tinyurl.com/ybtrslr9
Martin Armstrong is the Owner and Researcher for the website Armstrong Economics. He is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.
At age 13, Armstrong began working at a coin and stamp dealership in Pennsauken, New Jersey. After buying a bag of rare Canadian pennies, he became a millionaire in 1965 at the age of 15. He continued to work on weekends through high school, finding the real-world exciting, for this was the beginning of the collapse of the gold standard. Martin became captivated by this shocking revelation that there were not just booms and busts, but also peaks and valleys that would last centuries.
Armstrong progressed from gold coin investments to following commodity prices for precious metals. In 1973, he began publishing commodity market predictions as a hobby, and in 1983 Armstrong began accepting paid subscriptions for a forecast newsletter.
"In Armstrong's view of the world where boom-bust cycles occur like clockwork every 8.6 years, what matters is his record as a forecaster. He called Russia's financial collapse in 1998, using a model that also pointed to a peak just before the Japanese stock market crashed in 1989. These days, as the European sovereign-debt crisis roils markets worldwide, he reminds readers of his October 1997 prediction that the creation of the euro "will merely transform currency speculation into bond speculation," leading to the system's eventual collapse."
His Website Armstrong Economics offers a unique perspective intended to educate the public and organizations on the global economic and political environment's underlying trends.
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