Legendary financial and geopolitical cycle analyst Martin Armstrong is back with a new round of predictions, and they are not going to make life easy for President Elect Trump.
Armstrong says, “Our computer has been projecting that we are going into a depression in some areas and a recession in other areas.”
” A depression most likely in Europe and a recession in the United States up until 2028. . . . At my November conference, everybody was celebrating after Trump won. I stood up and told my clients, ‘I’m sorry, Trump is not going to have a blissful administration, and he’s not going to prevent the economic decline.’ (Please remember, Armstrong predicted Donald Trump would win in a landslide many months before the November 2024 Election.)
Armstrong goes on to say, “We have a serious, serious problem on a global scale…”
“The sovereign debt crisis is really going to start percolating in 2025. It’s probably going to reach a major crisis by 2026 and 2027. Why? They have dictated all these banks and pension funds . . . 70%, generally, must be invested in government bonds. . . . They say it’s ‘safe,’ but it’s the worst debt possible. . . .
So, if the government goes into a sovereign default, what happens? You wipe out the banking system and the pensions.”
Does Armstrong think the governments around the world are going to go into a sovereign default? Armstrong says,
“Oh yeah. How does a government default? We are in this Ponzi Scheme. They have to keep selling new debt to pay off the old debt. . . . When you can’t sell the new debt, that’s when the default happens because you can’t pay off the old debt.”
Armstrong still likes physical gold, too. […]
— Read More: www.zerohedge.com
