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Following Ukraine’s recent drone attack on Russia’s capital, tensions have escalated between the two nations. How might Russia retaliate, and what does this mean for the ongoing conflict in Europe? In this episode, Financial Sense speaks with Martin Armstrong, a well-known international forecaster, market strategist, and author of numerous books—including The Cycles of War published in 2020. In that book, Martin forecasted the beginning of a new war cycle starting in 2022 that could escalate to an all-out international conflict by 2026. Today, we receive an update from Martin on his outlook, including his thoughts on the upcoming presidential election between Harris vs Trump, and much more.
Since we began speaking with Martin Armstrong after the 2009 financial crash, he has accurately predicted several major events. He correctly forecasted that the U.S. stock market would continue its bull run, reaching very specific targets—even the exact levels we’re seeing today—years in advance. Against consensus, he predicted Brexit, Donald Trump’s election victory, and a new commodity bull market driven by shortages in the 2020s. Most notably, as we focused on today, he anticipated a major escalation in the war cycle starting in 2022—the year the Russia-Ukraine conflict began—and he continues to stand by that original forecast from his 2020 book. He suggests that this conflict will become increasingly international in scope over the next couple of years, leading not only to inflation but also to stagflation.
