In the 46-minute video shown below, Greg Hunter interviewed economist and cycles analyst Martin Armstrong on April 21. At about the 38-minute mark, Martin discusses the poor condition of European banks and says, “Honestly, there’s probably not many of them that will survive the next 30 to 60 days.”
When asked if he is forecasting another banking crisis, he replied, “It’s still ongoing which may not really reach a peak until mid-May.” He then clarified he is referring to European banks and added, “The U.S. is not so bad.”
Prior to making those comments, he explained the value of currencies are not based on the money supply, but on the public’s confidence in their government and warned that the U.S. dollar might start collapsing by 2022 or so if the American people start losing confidence in our government. He added, “That’s when things are going to get absolutely crazy.”
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
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