by Martin Armstrong, Armstrong Economics:
QUESTION: I want to apologize and thank you. I thought you were just a Trump supporter, but your warning that his tariffs can send the world into a depression demonstrated not just that I was wrong but that you are a genuinely impartial and independent voice in the wilderness. Here in Europe, for the last six months, the newspapers have presented Trump as the devil with no hope whatsoever. Everything you warned here about our economy with climate change and warmongering is correct. The migrant crisis combined with the economy turning down, you warned, would lead to rising civil unrest here as well. With the wave of layoffs in the auto industry, the German economy is in crash mode, as you had forecast.
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A friend of mine has followed you since the 1980s. He has been telling me you were the most honest man he ever encountered, and everything you do is to try to steer the world through this chaos into 2032. I can see by your actions that he has been correct. Somehow, we have to get our leaders to listen.
Where do you see Germany headed now on your timeline?
HG
ANSWER: Unfortunately, it has been preordained that we are headed into a recession in some areas and a depression in others, especially in Europe. Trump will be blamed, as Herbert Hoover was, but in both cases, the trends were preordained. Trump, with the bad advice he has been given regarding tariffs, is likely to end up destroying the Republican Party and the implosion we are witnessing in the Democrats.
The core foundation of the entire European economy is Germany, its richest nation. As they used to say about America, if it catches a cold, the rest of the world suffers pneumonia. They say that behind the headlines of “Deutschland,” it has been structured on the automobile, which has also given rise to dubbing it “Autoland.” German cars have long been regarded as the best in the world. Indeed, Europe’s most prosperous business engine has been relying on automobiles, and the climate change agenda has been like you kill a vampire – driving a stake through the heart.
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