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September 9, 2020 | World Has Gone Mad

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.

COMMENT: Hello Martin
I listened to your video today about how Socrates predicts civil unrest. It was very informative when you said that the majority of governments are failing and have deficits. In Scotland the first minister may call for a referendum for independence which the media says 56% of the population are in agreeance with. I don’t think so for some reason! Scotland’s economy is based on our oil production and to be honest our economy is declining. It all makes sense that the government is imposing lockdowns left right and centre to hide the fact that our economy is on its knees. When the furlough ends is when the panic really begins. There are a lot of people living in a bubble and think governments are there to protect the citizens.
thank you for your unbiased analysis
all the best
m

REPLY: I have been in discussions and trust me, they are aware that lifting the restrictions means they have a very serious problem. There are proposals that all past rents must be forgiven. If people have to pay back rents, this will simply be an untenable position. But that means landlords lose revenue and when mortgaged, that means they too can’t pay. This is one giant mess that can burden the economy and create a decline into 2022.

Then we have the majority are just sheep. They wear their masks and surrender all rights today and those of their children into the future. They are incapable of waking up and think the government really cares. They will be the ones with a devastating blow that will come all at once.

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September 9th, 2020

Posted In: Armstrong Economics

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