Tag Archives: debts

Influential economist Martin Armstrong gives some answers to the direction the West and global governments are going

Important Takeaways:

  • “West’s Governments Need War” Warns Martin Armstrong “Because Their Debts Are No Longer Sustainable”
  • Martin Armstrong is one of the most influential economists of our times. Someone called him the “Forecaster”, because that was the title of the biopic film that helped make his activities known throughout the world.
  • Those of Martin Armstrong are not just “predictions”, as his reflections are based on the compendium of precise mathematical formulas and analytical skills. We interviewed him to try to understand the current geopolitical context. From the crisis of Western democracies to the birth of the BRICS front, to arrive at profound reflections on the risk of a military conflict on a global scale, Armstrong interprets real-time data thanks to his diachronic “vision” and a decades-long effort of research and analysis. Armstrong’s work allows us to connect knowledge of the past to critical factors of the present time. For all these reasons, Armstrong’s analyzes are precious for understanding the present and orienting ourselves towards a future that appears full of unknowns and pitfalls.
  • Fukuyama advocated the end of history. Huntington spoke of a clash of civilizations. Is it possible to imagine a third way?
    • Our greatest threat is centralized control; that is what doomed communism. I agree with Huntington that the clash of civilizations will be based upon cultures and religion mainly because of centralized attempt to impose a unified culture.
  • With the birth of the BRICS, is it possible to talk about a multipolar option? What are the limits that you see in this geopolitical dimension?
    • The birth of the BRICS was caused by these people we call the neocons who engaged in ethnic racism and targeted Russia by removing them from the world economy under SWIFT. This woke up many in the world, realizing that the dollar was now being weaponized and was no longer a monetary instrument exclusively. Nations began to realize if they did not conform to the commands of Washington, then they too could be removed from SWIFT. Thus, they have divided the world economy bringing to an end globalization.
  • Now, we invite you to make some reflections on the geo-economic dimension. The global capitalist system is based on the indebtedness of sovereign states. Is this a sustainable situation? Who will pay the bill in the end?
    • The sovereign debt crisis that we face has appeared often throughout history. It is unsustainable because governments act in their own self-interest and will always expand debt to retain power. Historically, these systems collapse when they issue new debt to pay off the old, and no one is there to buy the new debt. Once they can no longer continue to borrow new money, then inevitably, they collapse.
  • Is it still possible to avoid a large-scale world conflict?
    • It is unlikely that we can avoid world war. Governments need war because their debts are no longer sustainable. They will use the war as the excuse for defaults – as was the case for WWII. They will create Bretton Woods II with the IMF digital currency as the reserve.
  • Pope Francis has been talking about a piecemeal Third World War for years. From your point of view, is what the Holy Father claims can be shared? What are the main weapons of this possible Third World War?
    • I believe we have a third world war that will begin piecemeal with the Middle East, Iran vs Israel, Europe vs Russia, north Korea vs Japan and South Korea, China vs Taiwan. But they will eventually merge together.

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