This year will be much colder for Europe than the last three. It will also be cold in the USA. We are in a global cooling period and all the data we have in our computer system warns that the earth is turning cold not warm. This will manifest in a commodity boom in agriculture as shortages send food prices higher. We will see the first peak in prices come 2024 after the lows are established on this cycle.
Every time the climate has warmed, that has been the great advances in civilization. I have warned that when the temperature has risen, that is when civilization expands – not declines. When the planet turns cold, that is when everything goes into decline. Global cooling results in a reduction in the population and a rise in disease mostly caused by an increase in famine.
Reprinted with permission from Armstrong Economics.