Martin Armstrong was the subject of the 2015 documentary, ‘The Forecaster,’ about the shockingly accurate forecasting system that he developed, called the Economic Confidence Model and about how he was imprisoned for eleven years, seven of which were for contempt, for refusing to turn over his model to the CIA and to Wall Street.
Armstrong joins Greg Hunter and the first interesting observation he makes is about why the US dollar hasn’t hyperinflated into oblivion yet. He suggests it’s because Federal Reserve Chairman, Jerome Powell isn’t really going along with the World Economic Forum’s climate hoax Green New Deal agenda, which Armstrong suggests also means that Powell will eventually be replaced by a dutiful climate hoaxer, like everyone else Joe Biden has installed as his agency heads.
Armstrong describes the post-COVID economy, with the complete collapse of the bond market in Europe as the biggest financial disaster in human history. “Everything we know – the whole Keynesian Model – has collapsed…What institution is going to buy a bond from Europe with a negative interest rate? Pension funds need 8% to break even. You have bankrupted all the pension funds over there. It is a complete disaster. This is the greatest financial crisis in human history, and people don’t understand what is going on…Watch Europe. It’s the canary in the coal mine for the next big crash.”
Armstrong doesn’t believe that the Globalist elites will succeed in transforming the US into a Communist utopia “but they are going to destroy the country in the process” and Shanghai will become the world economic center.
His proprietary computer program has been predicting these events for years. He continues “I am not exaggerating. This is going to be the greatest financial debacle in human history. Nobody – but nobody – has attempted to collapse an economy to re-‘Build Back Better’. Nobody! These people are out of their minds, who think you can actually do that. They’re delusional. They think that they can control the economy…You can’t do this. This is why Communism fails. You cannot create an economy and manage it with a central authority…
“But as bad as it is, with Biden, etc., Biden cannot impose these rules nationally. They can in Britain, France, Germany, etc. We have 50 states, the 50 states are independent and have their own sovereignty…Biden cannot put in an order that everyone must be vaccinated. He’s trying to apply pressure to all the…businesses to do it, because he can’t. He also can’t put in national decrees of the nature to shut the economy down.
“So that’s the difference between the US and Europe. In France, Macron can shut down the entire country and impose 6 months in prison if you don’t get vaccinated. Biden cannot do that here. This is why you’re still seeing the stock market holding up, despite it looks like it should crash and you have capital still moving in this direction. So right now, the US is still the safe haven in the world, simple as that.”
Armstrong does not see a major stock market crash, like in ’09 or 1929. “If the stock market was going to crash in that magnitude, that means capital flees equities and goes to bonds. Do you really think major institutions are going to run and buy government bonds at this stage in the game?
He feels that the perceived inflation of the dollar is actually about the COVID lockdown-caused supply chain disruptions and the Biden administration’s kneecapping of the petroleum industry. He talks about how any tangible asset (gold, silver, real estate, etc) is a good bet in the coming financial reset.
As for cryptocurrencies, he believes that as soon as the governments are ready to launch their own digital currencies, they will confiscate everybody else’s, because they will not tolerate competition and it’s all about the tax revenue.