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June 5, 2024 | The Economic Decline of Europe With Rising Interest Rates?

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.


Via Veneto

I have returned from a two-week tour of Europe covering the UK, Germany, and Italy. Europe is in dire straights. I have stay on the Via Veneto since my parents took me there back in 1964/65. It was the 5thy Abenues of Rome. The street was lined with sidewalk cafes out of probably 30, only 3 remain. There was once a restaurant that overlooked Trajan’s Forum that I ate with my parents back then. Ever since, I have eaten dinner there for over 40 years. This time it too was gone. The damage that COVID unleashed by stupid politicians listening to people like Fauci and self-anointed experts at various universities in London, has undermined the European economy dramatically. Then throw in the nonsense of NET ZERO climate change and comingle that with the insanity of the American Neocons who blew up Nord Stream, imposed sanctions on Russia that have backfired on Europe, and it is understandable why European political are beating the war drums for they desperately need a distraction otherwise the people will be storming their palaces and dragging them out to the streets in old fashion revolutions for their sheer stupidity.


All government become arrogant and die by their own hand. Like Rome, the barbarians were only able to invade with success when it had weakened its own economy. History repeats because humanity never learns. Kazuhiro Haraguchi, the former Japanese Minister for Internal Affairs, has become the first major politician to apologize to the unvaccinated for the tsunami of deaths occuring among the vaccinated population. There have been a major protest with serious numbers of Japanese citizens that took to the streets demanding action against the crimes against humanity perpetrated by globalist organizations such by World Health Organization (WHO) and World Economic Forum (WEF) during the pandemic. There is NO data available as to the long-term effects of MNRA vaccines. Since people like Bill Gates proclaims that MNRA will bring the cost of vaccines forwn to $2, they have successfully destroyed all the benefits of vaccines created over the past 200 years and this is playing into our computer projection for the decline in population. Maderna is bragging how they have blended COVID-19 with the Flu Shot. This is just instance and governments are up for sale to the highest bidder.

China Holding US Debt

Normally, when you enter a recession, interest rates decline because people stop investing and begin to save for a future that is uncertain. However, our brilliant Neocons have been trying to create World War III and they have yet to win a single war they have launched since World War II. Threating China over Taiwan may sound noble in the headlines and on CNN, but China has been the largest holder of US debt. It is now declining in CRASH MODE and rightly so. You do not lend money to your enemy who want to kill you. China sold $53 billion during the first quarter 2024 and they continue to be net sellers. With Biden spending like a drunken sailor. governments default when they are in these Ponzi schemes and are unable to sell new debt to pay off the old. China is in a 14 years decline and rightly so. This means that the US Treasury will need to find other buyers for its debt and in the process, rates will rise the more than keep beating the war drums.


ECM Wave 2020 2028 Pi

The Recession has begun and it will he hardest felt in Europe. Today, Buden was forced to close the border. He was getting plummeted by fellow Democrats ahead of the election. The Sanction of Russia and Biden recent decree to cut off all energy from Russia will fulfill what our computer has been forecasted that we are looking at STAGFLATION meaning economic growth declines, but inflation continues to rise due to shortages and the most braindead people in the White House probably in US history.

Here are the timing arrays for the UK and the core of the European economy – Germany. We are in a declining mode into 2026 and waging war to retain power may look good on paper, but they will not be able to blame Putin for everything. It is down and dirty from here on out.

Germany GDP Y 6 4 24Britain UK GDP Y 6 4 24



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June 5th, 2024

Posted In: Armstrong Economics

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