Interview: Two Years of Food Supply Required

In the world of economics, there is always a lot to unpack and analyze, especially when it comes to the state of the global economy. Recently, legendary financial and geopolitical cycle analyst Martin Armstrong provided some insights on the current economic situation in the United States and around the world in an interview with Greg Hunter on USAWatchdog.

Armstrong’s data indicates that the Biden economy is not faring well and warns that the financial system is on the brink of collapse. He believes that the US government could default on its debt as early as 2027, especially if countries start pulling back on buying US debt. This predicament is not unique to the US, as Europe and Japan are also facing similar challenges. Armstrong suggests that governments might use war as an excuse to default on debt, which could have catastrophic effects on pensions and the economy overall.

Related:  Confidence Crisis in Germany's Housebuilding Sector

In light of these grim predictions, Armstrong recommends that individuals start preparing by ensuring they have at least two years’ worth of food supply, not just because prices are expected to rise, but also due to potential shortages. He emphasizes the need to be prepared for any drastic measures governments may take to survive in times of crisis.

Armstrong also touches on the declining approval ratings of the US government and Congress, highlighting the lack of faith people have in their leaders. He notes that gold and silver prices are on the rise as people seek alternative assets in times of political and economic uncertainty. Armstrong predicts a new rally in gold and silver prices and warns of an impending war that could lead to higher long-term interest rates and a shift in the global economic landscape.

Related:  What Climate Change Deniers Fail to Acknowledge

Looking ahead, Armstrong predicts a recession starting around May 7th and lasting until 2028, with GDP falling and inflation rising—a recipe for a stagflation economy. These insights from Armstrong provide valuable information for investors and individuals looking to navigate the tumultuous waters of the current economic climate.

To delve deeper into Armstrong’s analysis and predictions, check out the full 54-minute interview on Join Greg Hunter as he dives into Armstrong’s insights and previews his upcoming “Mid-Year Seminar” in London, scheduled for May 24 & 25 for 5.4.24. Stay informed and stay ahead of the curve with the Extreme Investor Network.

Source link