Iran Bombs UAE to Trigger Financial Meltdown – Martin Armstrong
https://rumble.com/v79n2kg-iran-bombs-uae-to-trigger-financial-meltdown-martin-armstrong.html Legendary financial and geopolitical cycle analyst Martin Armstrong warned in early February “This is When Volatility Kicks In.” At the time, oil was around $63 a barrel, and now it $95 a barrel. Armstrong says, “The ramifications are quite extensive. . .. It’s not going to be over quickly. That’s what our computer forecasted from the beginning. I said this when I first came on about it. Computer says, sorry, this is not going to be an in and out situation like Venezuela. It will be dragged out.” One of the most frightening new pieces to the puzzle is UAE (United Arab Emirates). According to Armstrong, “I don’t think people appreciate what is there. UAE became more or less Switzerland after the Swiss confiscated money from Russians. They said you knew Putin, so we are just taking all your money. . .. The money started to move to Dubai and Singapore. That’s why the Iranians attacked there. We have offices there. Everybody is there. . .. They damaged this short term, and I can tell you the banking system went down for a week. We could not even send money to our staff to get them the hell out. . .. (This is one of the reasons gold sold off. Armstrong told me that people needed liquidity.) All the cables that connect the banking system from the East to the West run through the Strait of Hormuz. . .. People look at the Middle East and think they are flush with cash. They have no idea they are in a debt crisis. Iran understands this–attacking the refineries and the infrastructure of the Gulf States. What happens? You cut off their ability to sell oil. That creates a debt crisis. . .. Iran bombed UAE more than Israel. . .. Washinton does not grasp this. I have yelled at them, and I think it goes in one ear and out the other. This is much more serious, and if they succeed in creating a debt crisis, that will filter into the banks. Then the banks start getting into trouble. This does more than send oil up and put pressure economically on Europe and the United States. This is the key to a banking crisis.” Armstrong says this Iran war will last the rest of 2026, and gasoline prices in the US could hit $9 a gallon. Armstrong says, “We are at a point where governments collapse. . .. What we are facing is a sovereign debt crisis globally. International debt reached $353 trillion last month. It doesn’t stop. They don’t pay off debt. They just roll it over. This will come to a crisis because interest payments keep rising. Our interest expenditure exceeds military.” In closing, Armstrong is still a buyer of gold, silver, food and holding some cash. Armstrong says the US dollar is not going to be replaced as the world reserve currency anytime soon. This might be a reason why Warren Buffett is holding a record $400 billion in cash.
Iran Bombs UAE to Trigger Financial Meltdown – Martin Armstrong https://rumble.com/v79n2kg-iran-bombs-uae-to-trigger-financial-meltdown-martin-armstrong.html Legendary financial and geopolitical cycle analyst Martin Armstrong warned in early February “This is When Volatility Kicks In.” At the time, oil was around $63 a barrel, and now it $95 a barrel. Armstrong says, “The ramifications are quite extensive. . .. It’s not going to be over quickly. That’s what our computer forecasted from the beginning. I said this when I first came on about it. Computer says, sorry, this is not going to be an in and out situation like Venezuela. It will be dragged out.” One of the most frightening new pieces to the puzzle is UAE (United Arab Emirates). According to Armstrong, “I don’t think people appreciate what is there. UAE became more or less Switzerland after the Swiss confiscated money from Russians. They said you knew Putin, so we are just taking all your money. . .. The money started to move to Dubai and Singapore. That’s why the Iranians attacked there. We have offices there. Everybody is there. . .. They damaged this short term, and I can tell you the banking system went down for a week. We could not even send money to our staff to get them the hell out. . .. (This is one of the reasons gold sold off. Armstrong told me that people needed liquidity.) All the cables that connect the banking system from the East to the West run through the Strait of Hormuz. . .. People look at the Middle East and think they are flush with cash. They have no idea they are in a debt crisis. Iran understands this–attacking the refineries and the infrastructure of the Gulf States. What happens? You cut off their ability to sell oil. That creates a debt crisis. . .. Iran bombed UAE more than Israel. . .. Washinton does not grasp this. I have yelled at them, and I think it goes in one ear and out the other. This is much more serious, and if they succeed in creating a debt crisis, that will filter into the banks. Then the banks start getting into trouble. This does more than send oil up and put pressure economically on Europe and the United States. This is the key to a banking crisis.” Armstrong says this Iran war will last the rest of 2026, and gasoline prices in the US could hit $9 a gallon. Armstrong says, “We are at a point where governments collapse. . .. What we are facing is a sovereign debt crisis globally. International debt reached $353 trillion last month. It doesn’t stop. They don’t pay off debt. They just roll it over. This will come to a crisis because interest payments keep rising. Our interest expenditure exceeds military.” In closing, Armstrong is still a buyer of gold, silver, food and holding some cash. Armstrong says the US dollar is not going to be replaced as the world reserve currency anytime soon. This might be a reason why Warren Buffett is holding a record $400 billion in cash.
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