December 20, 2024 | Now is the Time to Stockpile Cash

COMMENT: Marty, I don’t know how your computer does it, but it called for high in stocks, gold, and a coming recession. At the WEC, you said rates would decline into 2025, but not dramatically, because of the war. You also said the dollar was not dead. You said Trump would not have clear sailing when everyone seemed to assume a bull market from here. Thank you for teaching me to see the world as a whole. Your WEC for the Next Generation is a spectacular idea. My kids will be enrolled.

HB

ANSWER: The Fed knows it is trapped. Raising interest rates no longer stops inflation because the government is the elephant in the room, and politicians will NEVER reduce spending based on Fed rate hikes. I do not know what it will take to have mainstream media stop publishing the BS that is confusing the nation and sending us cascading into this brick wall.

I will do a short video update for those who attended the WEC for the year-end. We are entering dangerous territory and heading into a very dark recession here, but there is a depression in Europe as we head into 2028. Be prepared for sovereign defaults in 2025.  I am shocked at how many central banks are quietly starting to use the ECM.

At this stage in the game, stockpile CASH regardless of where you are – USA, Europe, Canada, Asia, or South America. We are headed into a period of deflation, but also one where the risk of banking problems based on the sovereign debt crisis will begin to unfold into 2028. Remember, the US dollar will be the LAST to fall.

Martin Armstrong December 20th, 2024

Posted In: Armstrong Economics

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