Is the West going broke? In this interview we spoke with financial forecaster Martin Armstrong, founder of Armstrong Economics, about the growing global sovereign debt crisis, war spending, Europe, Japan, the US dollar, gold, bonds, and the future of financial markets. Armstrong explains why he believes the global bond sell-off could continue, why Japan or Europe could become the first major sovereign debt domino, why he remains more bullish on the US dollar than many expect, and when he sees gold potentially turning higher. He also discusses escalating geopolitical tensions involving Russia, Ukraine, NATO, Iran and Israel, the impact of war on government finances, the rise of AI and autonomous warfare, and why his computer models point toward major financial and political turning points ahead. Is the current debt-driven economic system approaching a global reset? Martin Armstrong shares his outlook on what investors should be watching next.
🗓️ Recording date: August 31, 2026

📖 Chapters
00:00 Intro
01:11 – Russia, Ukraine & the Risk of a Wider War
03:29 – Why September Could Be a Major Turning Point
04:01 – The Decline of Political Unity in the West
09:44 – Russia, Ukraine, Iran & Israel: Can Peace Be Achieved?
11:33 – Nuclear Weapons: Are They Still a Deterrent?
13:36 – Can the US & Europe Afford Their Military Commitments?
16:25 – Regime Change, Putin & the Russia-West Conflict
19:47 – The Global Bond Sell-Off: What Breaks First?
20:47 – Why Europe May Be More Vulnerable Than the US
24:48 – Why the US Dollar Could Actually Strengthen
27:06 – Dubai, Oil & the “3D Chess” Being Played
28:46 – Could Japan Trigger the Global Debt Crisis?
32:29 – Why the Dollar May Not Collapse
36:34 – Outlook for Gold
40:33 – Is the Stock Market Actually Overvalued?
41:53 – The AI ​​Bubble vs. the Dot-Com Bubble
43:31 – AI, Drones & the Future of Autonomous Warfare
45:07 – 2027 Turning Point