Here's what he said about the West's reaction to Russia's actions: “This is just complete madness. At this stage, they are going to completely bring down the world economy. There is Apple and all these companies; there are more than 300 American companies in Russia. Their assets will be seized. All of them are now in a panic and are trying to leave the country, and the same will happen with China. This is madness. This is real madness and you just shouldn't do it. I cannot believe that these governments heeded such advice. This is truly a disaster. What creates world peace is not nuclear weapons. Essentially, this is an economic issue. As long as everyone benefits, you won't bite the hand that feeds you. If you start cutting off trade on both sides, you will destroy the global economy. This is what ensured world peace after World War II.”
Armstrong sees "a major problem with the military cycle in early 2023." He said that he hoped that it would not come to a nuclear war.
In addition, the analyst expects inflation to remain high. Therefore, he advises people to buy whatever they think they will need in the future, because it will never cost less and may not be available in the future. Food is at the top of his list. With possible cyberattacks and power outages, it also makes sense to keep cash, he said. Armstrong expects inflation to average 25% in 2024, and he sees the price of all commodities rising, including gold and silver.