USA Watchdog, Released on 8/24/24

“We are in a period of great uncertainty. . .. When people are uncertain, they don’t spend. They save. That’s what happens in a depression and a recession. . .. So, if you have no confidence in the future because of all this crazy stuff going on, what do you do? You don’t borrow, and you pull back and say let me see what is going to happen.”

On Trump winning in November, Armstrong says, “Look, the computer says Trump should win. I don’t know how the hell they allow that to happen. They have to trap Trump into a war or they kill him, one or the other. These people are unconscionable. . .. We are looking at serious civil unrest regardless of who wins in November. Neither side is going to accept it.”

On gold at $2,500 an ounce, Armstrong says it’s not about inflation, it is about the fear of a US debt default. This is why central banks are buying. Armstrong says, “If there is a big war, the US will default on it’s debt. . .. I am very concerned they will start WWIII before the end of the year and maybe by September.”

Link to the original article: https://usawatchdog.com/a-period-of-great-uncertainty-martin-armstrong/

Martin Armstrong is a world renown economist and the creator of the Economic Confidence Model. He is the founder of Armstrong Economics – a public service and blog for the average person to comprehend the global economy and for professionals to access the most sophisticated international analysis possible.