Gold Rising Because it Protects Against Government – Martin Armstrong
Legendary geopolitical and financial analyst Martin Armstrong continues to be bullish on America. Armstrong contends, “The U.S. economy has been the only thing holding up the world. People do not realize what is the difference between the U.S. vs. the rest of the world? China respects it, and they are starting to move in the proper direction. . . . The United States has the biggest consumer market, which is why everybody wants to sell here. China now realizes the mistake. China is going to turn inward and try and develop its own consumer market.”
Things are not looking good for the long term viability of the euro. Armstrong says, “Because Europe is a basket case, the likelihood of the euro going to completely fall apart is actually quite high. What did the euro do? It basically replaced 28 currencies. So, the diversity has been shot.”
Armstrong also points out, “Gold has been rallying right along with the U.S. stock market. This is what I said all along. Eventually, towards the end, they have to align. Why? Because at that stage of the game, it’s us against government. So, tangible assets rise.”
Armstrong says global debt is what you need to watch. Armstrong further contends, “Debt is a real problem. . . . People need to realize the problem is in government and not in the private sector. Interest rates will start to rise, and that is what we are looking for going out of the year 2020. You also have all this crazy stuff going on in Congress. . . . Real hatred has developed. It’s incredible. Before, if whoever you voted for lost, you accepted it and moved on. I mean people don’t accept it anymore. So, what is this stuff ‘Trump is not my President’?
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