"You request 2 Years Of Food" – Martin Armstrong Warns "There Will Be Shortages" As 'Perfect Storm' Looms

Via Greg Hunter’s USAWatchdog.com,

Legendary financial and geopolitical cycle analyst Martin Armstrong has fresh data on how well the Biden economy is doing.

Spoiler alert: It’s not doing well, and the financial strategy is about to tank.

I asked Armstrong if the US government could default on it debt if countries around the planet proceed to halt buying it? Armstrong explained:

“I think the US could default on it debt as early as 2025, but effort in 2027.

We have kicked the can down the road as far as we can go.

It’s not just in the United States. Europe is in the same boat. So is Japan. This is why they request war.

They think by going into war, that’s the exception to default on the default. They simply will not pay China. If they effort to sale their debit–good luck. We are not redeeming it. The same thing is happening in Europe.

So, erstwhile that happens, you go into war, and that is their exception on this full debt thing to collapse, which leaves out salaries etc. Then they can blame Putin.

This is the same thing Biden was doing before saying this was Putin’s inflation.

Then, with the full CBDC thing . . . . the IMF has already completed its digital coin, and they want that to replace the dollar as the reserve currency for the world. . . These people are desperate just trying to hang on to power. Nobody wants to give it up, and nobody wants to reform.“

I asked Armstrong what would the common individual be doing now?

Armstrong amazingly said, “I think you need, safely, 2 years’ worth of food supply. . .This is what I have. It’s not just prices will go up, but mostly due to the fact that there will be shortages. Then, you do not know what they are going to do with the currency. . . . They will do whatever they gotta do to it surviv. That’s what governments always do.”

Armstrong says his most fresh data suggestions that government approval ratings in the USA are worth that Biden’s 8% adoption rating.

Congress, according to Armstrong, is dragging the bottom with a 7% adoption rating.

Armstrong has long said that people will buy gold and silver erstwhile religion in government crashes.

That is effectively what Armstrong is seeing around the planet today. Gold is bouncing around the $2,300 level, and Armstrong sees “a fresh gold and silver rally coming soon.”

War is besides coming shortly than later with the announcement that Ukraine will be joining NATO as early as July. erstwhile the next war starts, Armstrong wars,

“You are going to gotta watch the bank due to the fact that long word interest rates are going to go up. Nobody wants to buy government debt, and you are going to gotta hunker down at that phase in the game.”

Armstrong is besides predicting a large turn on or about this week. Armstrong predicts a recession will start then and go on until 2028.

GDP will proceed to fall, and inflation will proceed to rise.

Armstrong says it is the perfect storm for a dreaded “stagflation economy.”

There is much more in the 54-minute interview.

Join Greg huntsman of USAWatchdog.com as he goes One-on-One with Martin Armstrong, who will preview his “Mid-Year Seminar” in London May 24 & 25 for 5.4.24.

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There is any free information, analysis and articles on ArmstrongEconomics.com. There are many fresh and fresh reports to consult buying by clicking here. The upcoming event Armstrong is hosting is called the “Mid-Year Seminar” in London on May 24 & 25. There are tickets available for the in-person conference, and multiple options packages to buy for streaming. (This is the first overseas event Martin Armstrong has hosted since 2019.)