Tom welcomes back to the show, Martin Armstrong. Martin discusses his economic confidence model and his study of historic economic patterns. Studying all the historic booms and busts, he developed a model around investor expectations. Every inflatio…
Tom welcomes back to the show, Martin Armstrong. Martin discusses his economic confidence model and his study of historic economic patterns. Studying all the historic booms and busts, he developed a model around investor expectations. Every inflation wave is different, and this one won't be fixed by raising rates. This one is based on shortages and not a speculative boom. They don't want to admit that the lockdowns started the collapse in the supply chain. There is no economic understanding with politicians as they all operate with blinders.
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We're going to see more unrest in Third World countries due to energy costs. People will vote from their recent experience. When Trump became elected, populism became the enemy. Politicians are threatened by nationalism. The truth is, most of them hate democracy. The heads of the E.U. are appointed and governments in that union are subservient. It doesn't really matter who gets elected. These people would love to impose a similar system here in North America.
The causes of hyperinflation are usually fairly complex. For Germany in 1922 they couldn't repay their reparations, so they confiscated 10 percent of everyone's assets for a bond. However, this action caused citizens to rapidly diversify out of the state currency. Usually, hyperinflations are the result of a loss of confidence. He describes how the capture of a Roman emperor created a loss of confidence in the government and began the debasing of the currency.
He discusses his model and how it's indicating a shift in the types of government from Republics to more direct democracies around 2032. Republics represent their own self-interest, and that eventually is their downfall. He expects another collapse around 2032.
Time Stamp References:
0:00 - Introduction
0:38 - Economic Confidence Model
8:40 - Malice or Stupidity?
10:20 - Power Cycles & Davos
16:05 - Debt & Owning Nothing
17:38 - Russia & Putin's Ratings
20:10 - Society & Religions
22:18 - Historic Hyperinflations
30:42 - The Problem with Debt
35:47 - MMT - The Road Ahead?
37:43 - Ukraine Outcome?
44:40 - Soros & China/Russia
50:00 - The Coming Shift
53:58 - CBDCs and Control
55:38 - Manias and Bubbles?
58:46 - The Gold Cycle & Assets
1:04:14 - Housing Markets
1:05:03 - Censorship
1:07:06 - Wrap Up
Talking Points From This Episode
- Inflationary pressures are being caused by supply chain disruptions.
- Expect further unrest due to energy costs.
- The historic causes of hyperinflations.
- Why governments will move from Republics to more direct democracies.
Guest Links:
Website: http://armstrongeconomics.com
Twitter: https://twitter.com/strongeconomics
Facebook: https://www.facebook.com/martin.armst...
Amazon Book: https://tinyurl.com/ybtrslr9
Source: https://www.youtube.com/watch?v=9wKxTdofnJQ
