www.armstrongeconomics.com
QUESTION:
Hi Martin
I’ve been following your blog for some years now, its the first thing i
check why I wake up daily. I feel I get a better perspective of the
world around me reading your blogs rather than browsing news sites.
There are so many questions on which I would love to hear your opnion.
I’m an IT consultant here in the UK and fed up of politicians going
after hard working folks. Its always the middle class that gets squeezed
between low and high income earners. My question is which country in
your opinion is the best amongst the lot where you would move. UK, I
feel, will get bad under Boris and taxes have already started to go up.
Europe is clearly down and US would also follow suit once Trump is gone.
If you had to pick one country in Asia, Europe and Americas and finally
in any part of the world, which one would it be? I’m originally from
India so would be easier for me to move there. Is it Australia, New
Zealand, Switzerland? or there is no place to hide 🙂
Thanks in advance.
R
ANSWER:
All
governments in the West are going to be raising taxes dramatically.
They will NEVER reform and step back. That means they would have to
change the very power structure of government. We are looking at the
expansion of separatist movements and probably armed conflicts post-2020
into 2032. You will see separatist movements even in the United States.
So you have to look at the region and be very specific.
It is very hard to pinpoint a place at this stage in the game. The
USA will be better than the other Anglo-Saxon countries, but that may
last only until 2024 at best. Southeast Asia will be OK, but keep in
mind it has already seen protests against foreigners in places like
Singapore.
Bottom line — this is not going well and we are looking at a global political crisis developing over the next 12 years.
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