Official X Account for Martin Armstrong, Founder of Armstrong Economics and the Economic Confidence Model. Also, follow AE: @StrongEconomics
Joined July 2011
- Tweets 2,784
- Following 1
- Followers 55,466
- Likes 246
626 Photos and videos
Pinned Tweet
WEC For the Next Generation on Saturday, July 25.
Tickets Available!
How the world, its economies, and civilization are all connected.
armstrongeconomics.ticketspi…
4
9
70
18,096
Mark Carney's call for aligning with the EU reveals more about his ideological alignment than any strategic necessity. He told Trump that Canada is not for sale, mainly because he has already sold it to merge with the EU.
39
94
341
8,829
All the Gulf States have massive debts. If they can't sell the oil, they can't service the debt. It looks as though Iran is trying to create a sovereign debt crisis. Everybody's talking about the Strait of Hormuz and oil prices. But the bigger issue is the debt. That creates the banking crisis.
20
126
555
15,410
Iran sent more missiles and drones to Dubai than they did to Israel. They knew it was the new Switzerland.
When the Swiss froze money of Russians, Money started moving away. It's one thing to freeze the assets of a country. But, most of the assets that are frozen, of this 300 billion, are private assets, houses, yachts that have nothing to do with the government.
When I say Switzerland shot itself in the head, it's no longer neutral.
6
38
260
7,826
Eventually, the sovereign debt crisis that we have is percolating. The US will be the last to fall. I just did a report for our institutions, but we lowered the price to $500, for everybody. There is a general misconception that the Middle East is flush with cash. That's just not the case. During COVID, oil went down to $6.50 and the Gulf states ended up borrowing extensively.
10
39
285
11,057
We're at the stage now where we're going into a sovereign debt crisis. A lot of people keep talking about, "Oh, the dollar is going to crash." We have the biggest economy, and to service the debt is less of a crisis here than it is in Japan, Europe or even China, for that matter.
17
38
258
34,341
The one thing my computer has taught me over the years that war only comes when the economy turns down. When everybody's fat and happy, you don't worry about war.
9
33
216
5,156
It's always the same hatred towards people with money, which is based on jealousy. Taxing the rich will not solve any of these problems. Their argument that taxing the rich raises the lower class is total bullshit. This has just never happened, not even once in history.
All it does is crush economic growth, force the builders and innovators out of the country, and deposit the money into a government machine that consumes everything and produces nothing.
Jun 12
Elon Musk just became the world's first trillionaire. This needs to be a wake up call.
51
76
363
13,053
Ukraine is the most corrupt nation in Europe. The EU itself threatened to freeze funding over corruption. The IMF demanded reforms. 38 Ukrainian politicians appeared in the Pandora Papers. And Ursula calls their "hard work on reforms" worthy of EU membership. What reforms? For whom?
Jun 12
Today, the European Union took a major step forward.
All Member States agreed to open the first accession negotiations cluster with Ukraine and Moldova.
At the first Intergovernmental Conference on Monday, we will open the cluster on fundamentals; the backbone of the accession process.
It covers the core values and principles on which the EU is built, from the rule of law to strong democratic institutions.
This is a recognition of the determination, courage and hard work shown by both countries in advancing reforms, even in the face of immense challenges.
And a signal that the EU’s offer of peace, stability and opportunity is unmatchable.
Enlargement is a strategic choice.
By bringing our nations closer together, we strengthen peace, security and prosperity across our continent.
In a world marked by growing uncertainty, a larger European Union is in our common interest.
Enlargement remains one of the EU’s greatest success stories and our best investment in our shared future.
66
168
472
22,507
STUDENTS 50% OFF!
UPDATE ON THE UPCOMING "UNDERSTANDING THE WORLD ECONOMY" CONFERENCE FOR THE NEXT GENERATION!
Students can now receive 50% OFF admission. Simply select “Student” during registration and complete the required field. The discount will be applied automatically at checkout. No coupon code is required.
armstrongeconomics.ticketspi…
4
7
40
3,722
The resignation of Healey (UK Defence Secretary) exposes a much deeper problem. Britain is no longer debating how much it wants to spend. Britain is confronting the reality of how much it can afford. As we move deeper into the sovereign debt crisis unfolding across the Western world, more governments will face this same dilemma. They will discover that geopolitical ambitions are ultimately constrained by economic reality, and economic reality is becoming increasingly difficult to ignore.
17
78
414
10,300
Britain is trying to maintain global military commitments on an economy that has been steadily weakening for years. Governments always expand obligations during periods of prosperity and then discover during economic decline that they cannot afford the promises they have made.
John Healey resigns Live: Starmer dealt defence blow as investors react bit.ly/4fFtUqN
6
21
146
7,116
Britain’s economic condition is far worse than many appreciate. Government debt has climbed above £3 trillion, exceeding 100% of GDP. Interest payments on that debt have become one of the largest items in the national budget. The tax burden is at its highest level in decades, yet the government still cannot balance the books.
Economic growth has been stagnant for years. Productivity growth has virtually disappeared. Manufacturing continues to shrink as a percentage of the economy while energy costs remain among the highest in the industrialized world. Britain now spends more servicing debt than it does on many essential public services.
34
100
454
18,737
This is the moment she has stated that Russia is too big and needs to be broken up. She personally hates Russians, not much different from Zelensky. She represents why there can NEVER be any peace with Russia as long as she is in power.
136
277
1,289
35,900
She is one of the most incompetent world leaders I know of.
Jun 11
France, Germany propose 'stripping' top EU diplomat Kallas of her powers: Report
ift.tt/CpquQhz
12
35
220
7,313
Washington wants the public to believe this is about national security. China’s greatest crime is not that it has a military. Every major power has a military. China’s greatest crime is that it competed too well.
10
42
149
4,440
Japan is expanding defense spending. The Philippines is increasing military cooperation with the United States. Taiwan is rapidly expanding missile production. China continues building carriers, destroyers, submarines, and long-range missile capabilities. Every nation claims it is acting defensively. History shows that when everyone is preparing for war defensively, the risk of conflict rises dramatically.
9
38
237
10,578
This is why military planners throughout Asia are becoming increasingly concerned. China is not simply building ships. It is building the capability to operate far from home for extended periods of time.
9
15
75
3,925
The Taiwan issue is not simply about reunification.
Taiwan sits at the center of what military planners call the First Island Chain, a series of islands stretching from Japan through Taiwan and the Philippines. Since the end of World War II, this chain has effectively limited China’s direct access to the broader Pacific.
Control of Taiwan would fundamentally alter that equation. Military analysts have openly acknowledged that China’s navy is steadily expanding beyond the First Island Chain and increasingly operating in waters once dominated almost exclusively by the United States and its allies.
5
28
133
5,551
The May CPI report demonstrates that inflation has not disappeared. It merely changed form. The energy sector is once again dictating economic reality. As we move deeper into a Panic Cycle year, geopolitical events are becoming increasingly important drivers of economic activity.
6
16
104
4,458
We have a clash of self-interests where Netanyahu is being criticized there by his opposition that he has achieved nothing including no regime change or the people rising up. This makes Netanyahu anti-peace or he has to admit failure. In the USA, there are the midterms and if Trump does not end this before, he looks like a failure. These two elections are on a collision course.
6
22
126
5,212