Goldseek Radio, Released on 4/23/23

Head of Armstrong Economics, Martin Armstrong, draws parallels between the current economic crisis and those of the past.

0.20 – Domestic credit appears to be drying-up.
1.00 – Auto repos are increasing.
2.12 – Corporate debt bubble and related defaults.
2.50 – Bank crisis in the EU?
4.15 – Economic crisis requires leadership.
6.01 – Sovereign debt defaults possibly first in the EU.
11.01 – The inflation theme remains strong.
13.45 – The greenback may be the last fiat domino to fall.
17.20 – Precious metals, real-estate and tangible assets are essential investments amid similar economic quagmires.
20.11 – A rare economic cycle could be unfolding, with ominous implications.
24.01 – Beware sovereign debt and the financial sector.
25.00 – Martin suggests reading: Herbert Hoover’s Memoirs, free online: https://hoover.archives.gov/research/ebooks

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. He published a book in 2019 called Manipulating the World Economy.