Martin Armstrong: The Gold Standard is Garbage (Video)
Martin Armstrong: The Gold Standard is Garbage Video by Palisade Radio
Tom welcomes a new guest to the show, Martin Armstrong. Martin discusses his computer programming background and financial experience trading along with his A.I. approaches to generating unbiased economic reports.
He discusses the failing European politics and economics and why their global agendas are becoming an enormous burden on the world. The critical issue today is faith in government and the consequences when this collapses. People in Europe are hoarding cash, which is driving the ECB to implement a digital currency.
Martin believes the real agenda during this election is between Trump and globalist plans like Agenda 2030. The United States still has the largest economy and is still able to support it’s bonds. However, debt problems in Europe are quite severe, and they can no longer raise rates. This is why European interests are promoting a “Great Reset” and the idea of “You’ll own nothing, and you will be happy.” They want to eliminate all debts and, in doing so, will destroy pensions. They plan to replace these pensions with Universal Basic Income.
He discusses why pegging anything to the business cycle is problematic, including gold. You can’t fix something and then have inflation because that leads to a massive divergence between exchange rates and reality.
He discusses how the lockdowns have been devastating on the middle class and even worse for the lower classes. Many can’t work from home, but they still have bills to pay. He says, “They are using the Coronavirus as an excuse to crush the economy.”
Politicians around the world are all repeating the same talking points. He says, “These ideas will fail as they have never worked in history… Once they have unleased these policies, things can only get worse.”
He outlines why green energy is impractical to supply all the world’s energy needs. Modern economic policies create untold effects and imbalances across many sectors. He remains concerned that unrest and instability between nations could lead to wars after 2024.
As more people question what is occurring and government confidence is lost, we can recover quicker.
Time Stamp References:
0:00 – Introduction
0:46 – Martin’s Background
8:25 – A.I. Reporting
10:20 – The Money Cycle
15:16 – Europe & U.S. Dollar
19:01 – Gold Peg Problems
23:40 – Bond Bubbles
28:50 – The Great Reset
32:36 – Growing Civil Unrest
35:06 – Gold vs. Government
44:13 – Ongoing Risks & War
50:02 – Wrapup
Talking Points From This Episode
– European economic situation
– Globalist European restructuring plans
– Impact of the lockdowns
– Unrest, Aristocracy, and War