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May 27, 2020 | Global Debt Default

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

QUESTION: Dear Martin,

I do not speculate on whether the current situation has been orchestrated intentionally or not. This to me sounds more like the case for 9/11 you often described. They knew in advance that a “pandemic” could come any time, and they took advantage of the very first virus spreading around as the perfect excuse to put things into motion.

Indeed, a coordinated action to push the reset button on the world economy and hence a global default on debts seems a plausible plan of action by the ruling classes. You restart with an operating system upgrade, clean the air, create mass surveillance with the excuse of an invisible threat, and impose a new social contract. Authoritarian playbook 101.

My question however is, how would in practice a global coordinated debt default unfold? Could you elaborate in some detailed causes and consequences, please.

SB

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May 27th, 2020

Posted In: Armstrong Economics

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