All of this talk of dethroning the dollar is right on time. Yes,
April was the target and we should be very careful here for this
April/May period is critical on a global basis. As for the BRICS
displacing the dollar in the trade as so many are saying, this only
PROVESthey are just putting out biased claims
being anti-dollar with pure sophistry. This reveals that they do
not understand anything about the economy, trade, or international
finance.
Yes, the Euro elected a Monthly Bullish Reversal (Buy Signal).
However, it MUST exceed 11100 on a monthly closing basis to suggest
the euro can advance further on a sustained basis. If the Euro
exceeds intraday the February high, then a monthly closing below
108 would warn we may be looking at the war and the flight to the
dollar would unfold. I would expect that capital controls would be
introduced by the end of the year.
They have been buying gold
NOTbecause they are bullish – but because they
must sell US bonds for in times of war the US will just default on
all bonds held by China. I think it is time to get your head out of
the sand and open your eyes. This is not about dollars and gold.
This is about preparing for World War III."
Martin Armstrong's comments on Euro
Posted by junkie on 12th of Apr 2023 at 04:57 pm
Martin Armstrong's comments on Euro and Gold "
All of this talk of dethroning the dollar is right on time. Yes, April was the target and we should be very careful here for this April/May period is critical on a global basis. As for the BRICS displacing the dollar in the trade as so many are saying, this only PROVESthey are just putting out biased claims being anti-dollar with pure sophistry. This reveals that they do not understand anything about the economy, trade, or international finance.
Yes, the Euro elected a Monthly Bullish Reversal (Buy Signal). However, it MUST exceed 11100 on a monthly closing basis to suggest the euro can advance further on a sustained basis. If the Euro exceeds intraday the February high, then a monthly closing below 108 would warn we may be looking at the war and the flight to the dollar would unfold. I would expect that capital controls would be introduced by the end of the year.
They have been buying gold NOTbecause they are bullish – but because they must sell US bonds for in times of war the US will just default on all bonds held by China. I think it is time to get your head out of the sand and open your eyes. This is not about dollars and gold. This is about preparing for World War III."
armstrongeconomics.com
Cannot believe this guy is
Posted by tgo5043 on 12th of Apr 2023 at 06:41 pm
Cannot believe this guy is still around. I remember him writing from prison 20 years ago. He was calling for the apocalypse then too. Lol
Sensationalism sells!
Posted by pkrsek on 12th of Apr 2023 at 07:20 pm
Sensationalism sells!