Analyst Martin Armstrong Predicts Economic Downturn and Shortages

Armstrong's Take on the Biden Economy

Renowned financial and geopolitical cycle analyst, Martin Armstrong, has recently shared his insights on the current state of the Biden economy. His analysis paints a grim picture, suggesting that the financial system is on the brink of collapse.

Potential US Debt Default

Armstrong was asked about the possibility of the US defaulting on its debt if countries around the world cease their purchases. His response was that a default could occur as early as 2025, or more likely in 2027. He believes that this issue is not confined to the United States, but is also a problem for Europe and Japan. In his view, these countries may resort to war as an excuse to default on their debts.

Implications of Debt Default and War

Armstrong suggests that if these countries go to war, it would serve as a justification for a debt default, which could lead to the collapse of pensions among other things. He also mentions the Central Bank Digital Currency (CBDC) and the International Monetary Fund's (IMF) completed digital coin, which they hope will replace the dollar as the world's reserve currency. Armstrong perceives these actions as desperate attempts by those in power to maintain their positions without implementing necessary reforms.

Armstrong's Advice for the Common Person

When asked about what the average person should be doing in the current situation, Armstrong advised stocking up on a two-year supply of food. He cited not just rising prices, but potential shortages as the reason for this. He also warned of possible changes to currency as governments strive to survive.

Government Approval Ratings and Precious Metals

According to Armstrong's latest data, government approval ratings in the USA are at an all-time low, with Congress at a mere 7%. He has long held the belief that when faith in government plummets, people turn to gold and silver. This is a trend he is currently observing, with gold hovering around the $2,300 mark and a new rally for gold and silver predicted in the near future.

War and Economic Predictions

Armstrong also warns of an impending war following the announcement of Ukraine's potential NATO membership as early as July. He cautions that this will lead to an increase in long-term interest rates as the demand for government debt decreases. Additionally, Armstrong predicts a recession starting this week, lasting until 2028, with falling GDP and rising inflation - a perfect storm for a stagflation economy.

More Insights from Armstrong

More of Armstrong's insights can be found in a 54-minute interview with Greg Hunter of USAWatchdog.com. Armstrong will also be hosting a "Mid-Year Seminar" in London on May 24 & 25.

Donations and Further Information

Donations to USAWatchdog.com can be made here. Free information, analysis, and articles are available on ArmstrongEconomics.com. There are also numerous new and recent reports available for purchase. Tickets for Armstrong's upcoming "Mid-Year Seminar" in London are available for purchase, with various packages for streaming the event.

In conclusion, Martin Armstrong's predictions paint a bleak picture for the global economy, with potential debt defaults, wars, and shortages on the horizon. What are your thoughts on his predictions? Do you agree or disagree? Share this article with your friends and let us know your thoughts. Don't forget to sign up for the Daily Briefing, every day at 6pm.