{"id":318148,"date":"2022-09-25T11:30:51","date_gmt":"2022-09-25T15:30:51","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=318148"},"modified":"2022-09-25T01:02:18","modified_gmt":"2022-09-25T05:02:18","slug":"banking-crisis-will-start-in-europe-martin-armstrong","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2022\/09\/banking-crisis-will-start-in-europe-martin-armstrong\/","title":{"rendered":"Banking Crisis Will Start in Europe \u2013 Martin Armstrong"},"content":{"rendered":"

by Greg Hunter, USA Watchdog<\/a>:<\/em><\/p>\n

\"\"<\/p>\n

Legendary financial and geopolitical cycle analyst Martin Armstrong says nothing is going to get better by the end of 2022, and he is still forecasting \u201cchaos\u201d coming in 2023. Armstrong says the plunge in the stock market last week is all because of \u201cextreme uncertainty.\u201d Armstrong predicted a stock market crash two months ago and contends, \u201cIt\u2019s not over.\u201d<\/span><\/p>\n

Europe is in big financial trouble with Russian natural gas turned off as a retaliation from the sanctions. Armstrong explains, \u201cIn Europe, I believe they are actually deliberately doing this, and this is Klaus Schwab\u2019s \u2018Great Reset.\u2019 They know they have a serious problem. They lowered rates to below 0% in 2014. They just started raising interest rates. Meanwhile, you ordered all the pension funds throughout Europe to have more than 70% in government bonds. Then they took it negative. All the pension funds are insolvent. Europe is fiscal mismanagement on a grand scale. There is no way it can sustain itself, and we are looking at Europe breaking apart.\u201d<\/p>\n

TRUTH LIVES on at\u00a0https:\/\/sgtreport.tv\/<\/a><\/p>\n

So, could Europe suck the rest of the world down the tubes? Armstrong says, \u201cOh, absolutely. Europe is the problem. . . . The crisis in banking will start in Europe. . . . The debt is collapsing. They have no way to sustain themselves. The debt market over there is undermining the stability of all the banks. You have to understand that reserves are tied to government debt, and this is the perfect storm. Yes, the (U.S.) stock market will go down short term. We are not facing a 1929 event or a 90% fall here. . . . Europeans, probably by January of 2023, as this crisis in Ukraine escalates, anybody with half a brain is going to take whatever money they have and get it over here.\u201d<\/p>\n

So, where is smart money going to go? Armstrong says, \u201cStocks are like gold, it is on the same side of the table and is opposite government debt. People are not going to be buying government debt. They are going to be looking at anything in the private sector. . . . People are buying whatever they can to get off the grid.\u201d<\/p>\n

Armstrong says governments are borrowing and spend huge amounts of money. The Fed will keep raising interest rates to fight inflation, but Armstrong says, \u201cRaising interest rates will only make things worse. We have supply shortages, and raising rates will not fill the gaps.\u201d<\/p>\n

Armstrong has never been more positive on buying gold. Why? Armstrong explains, \u201cWe are looking at a sovereign debt default. This is what\u2019s going on. This is why Biden will spend whatever he wants because he knows he doesn\u2019t have to pay it back. Eventually, this is what\u2019s going to happen. This is Schwab\u2019s agenda.\u201d<\/p>\n

Armstrong has predicted \u201c2023 will be the year from Hell.\u201d Armstrong says, \u201cCivil unrest will only get worse\u201d this year, and he is predicting we will have full blown war next year. Armstrong contends Democrats are desperate and will do things like granting illegal aliens citizenship so they can vote in the mid-term elections.<\/p>\n

In closing, Armstrong says, \u201cSomething is going to spark a collapse in government again. It\u2019s going to be something, I think, in Europe where they do something drastic because they have no other choice. . . . They need war as the excuse for the defaults of all the government debt.\u201d<\/p>\n

Read More @ USAWatchdog.com<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

by Greg Hunter, USA Watchdog: Legendary financial and geopolitical cycle analyst Martin Armstrong says nothing is going to get better by the end of 2022, and he is still forecasting \u201cchaos\u201d coming in 2023. Armstrong says the plunge in the stock market last week is all because of \u201cextreme uncertainty.\u201d Armstrong predicted a stock market […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[138596],"_links":{"self":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/318148"}],"collection":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/comments?post=318148"}],"version-history":[{"count":0,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/318148\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/media?parent=318148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/categories?post=318148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/tags?post=318148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}