Episode
Martin Armstrong: Expect ‘Dragged-Out’ War in Iran, Much Higher Oil Prices & $10,000 Gold
- Podcast
- Palisades Gold Radio
- Published
- Mar 7, 2026
- Duration seconds
- 2819
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Summary
Stijn Schmitz welcomes Martin Armstrong to the show. Martin Armstrong is CEO & Chairman of Armstrong Economics Ltd. In this wide-ranging interview, Armstrong provides deep insights into global geopolitical and economic dynamics, focusing on current international tensions, monetary systems, and future economic trends. Armstrong argues that the current geopolitical landscape is far more complex than many analysts understand, particularly regarding conflicts in the Middle East and potential global tensions. He emphasizes that the neoconservative movement has significantly influenced US foreign policy, often without fully comprehending the long-term consequences of their actions. He specifically critiques interventions in Iraq, Iran, and other regions, suggesting that these actions frequently create more instability than they resolve. Regarding the global monetary system, Armstrong believes significant changes are coming. He suggests that gold is increasingly being viewed as a neutral asset by countries like China, who are accumulating it as a hedge against potential conflicts. While he doesn’t anticipate a traditional gold standard, he sees gold playing a crucial role in international trade settlements, potentially rising to $10,000 by 2032. Armstrong is particularly critical of current government debt strategies, predicting a potential sovereign debt crisis. He argues that governments historically default through various mechanisms, including war, currency devaluation, or simply refusing to honor previous debt. The United States’ reserve currency status, he explains, stems not just from government policy but from its robust consumer economy and deep financial markets. Looking forward, Armstrong sees continued geopolitical uncertainty, rising oil prices, a…