Martin Armstrong: The Central Banks are in TROUBLE—is CBDC Slavery Their Only Hope?

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Episode Transcript

Speaker 1 (00:13):
Welcome to Man in America, a voice of reason in a
world gone mad. I'm your host,Seth Holehouse. So as we look
around the world today, it itseems like it's just gotten more
and more difficult to make senseof everything. Everything has
become fragmented and and isjust kinda burst into a million

(00:34):
pieces. Even the the so calledMAGA movement, which, you know,
back around the election or, youknow, let alone, you know, 2020
seemed so united.
I'm seeing this movement isbeing splintered into a thousand
different pieces. There's, like,the there's I I wouldn't get
into it, but I it's just thatit's so difficult to try to make

(00:54):
sense of what's going on. Andthen you start bringing in the
Middle East and Israel and Iranand Europe and the the banking
system. And I find that when youtry to piece all these things
together, they don't fit, or atleast it's not a puzzle that I
can understand. And so joiningus today is Martin Armstrong,
someone that has really builthis entire career off of looking

(01:17):
at these puzzle pieces andseeing exactly where they fit
in.
But what's interesting is thathe has a unique tool. It's the
ability to understand andanalyze the currency flow. And
that's what we'll get into thisthis discussion today, how you
can look at what's happening inthe world and understand so much

(01:37):
of why things are happening justthrough looking at the flow of
currency. But you can't justunder it's not just you
understand what's currentlyhappening. You can understand
what's coming next.
And that's what's really made aname for, you know, for Martin
Armstrong is his ability topredict what comes next by
looking at currency patterns,look at the rise and fall,
looking back into history andseeing what are the cycles that

(02:00):
we've been seeing, and where arewe at in these cycles, and
what's coming next. So if you'renot familiar with Martin
Armstrong, I highly recommendyou go look him up and watch
some other interviews with himto give you more background. But
he's he really, really is anabsolute genius, and what he's
done is extremely impressive.And and as you'll see in this
conversation, he's, you know,consulting the central banks,

(02:21):
world leaders, you know,speaking at the BIS conferences.
So he has a pretty uniqueperspective on global affairs.
And in this interview, he'll besharing a lot of that
perspective and understandinghow to make sense of this
absolutely insane world aroundus. So enjoy the interview with
Martin Armstrong. So you'veheard me talk about macrobiotic

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click the link below to check itout. Mister Armstrong, it's
always an honor to have you onthe show. Thank you so much for
making time for us today.

Speaker 2 (04:04):
Always a pleasure to see you.

Speaker 1 (04:06):
Thank you. Thank you. So as usual, there's nothing to
talk about. There's world peace.There's no world hunger.
There's no conspiracies. But inall seriousness, though, you're
someone that I consistently findthat when I listen to what you

(04:28):
had to say about certain regionsand and war, that you're ahead
of most people. Even when, yeah,I think we're we're last time
we're talking about all the goldoutflows of the gold coming into
America from Europe, andeveryone's speculating of all
the different reasons. Like, arethey is it going to Fort Knox
and all this? But you made itvery simple.

(04:49):
War is coming to Europe, and thewealthy people know that, and
there's capital flighthappening. And if you look at
where things are at right now,just on the the entire world, it
just feels like the whole worldis like, a powder keg, and and
and the fuse is lit, andeveryone's looking and saying,
okay. When's it when's it gonnaactually how fast is the fuse

(05:09):
gonna go? Because if you look atMiddle East, Iran, and Israel,
you look at The US gettingpulled into that, you look at
even what's happening, you know,currently here with this there's
this fire, out in Idaho, I thinkit is, and there's the the first
responders are being sniped bysomebody that that they, you
know, that they I guess, theythey claim to have caught him
and know who he is, and there'sall kinds of things that make it

(05:32):
sound really fishy to me. Isthis some sort of false flag
operation?
What's the next thing comingfrom this? It just there's just
so much happening. You've gotChinese nationals being arrested
for sneaking in agroterrorism.Right? You know, blight, viruses
that are you know, that wouldthat would wipe out crops.
And so, anyway, with all thisgoing on, how do you make sense

(05:53):
of of where we're at and andwhere we're going?

Speaker 2 (05:59):
Historically, these things seem to be a contagion.
And, like I've said before,like, Rome overthrew its its its
king in May. And within a fewmonths, Athens overthrows their
tyrants and democracy's born.George Washington is is in you

(06:22):
know, inaugurated 1789. TheFrench oh, that's a good idea.
Yeah. And they do theirrevolution. It's almost as if
there's something in the air orthe water or whatever you wanna
call it. I don't know. But youjust go down the line.
And wherever there were oldgrievances, they all seem to

(06:45):
come up at the same time. So,like, in Thailand, all of a
sudden, you see a border disputerising up between them and
Cambodia. You know, Pakistan,India, it's, you know, China,
Taiwan, it's North Korea, SouthKorea. I mean, it's it's

(07:06):
wherever there had been adispute. It's like, yeah, we,
you know, is those thosebastards that get them again.
You know? I I don't know what itis, but it it just seems to me
like it's some sort ofcontagion. That when you start
seeing something in one region,it it spreads to others. And, I

(07:31):
mean, the reasons are differenthistorically, but you have,
really, you have philosophicalissues. For example, that was
Khrushchev, we will bury you,you know, where, you know, you
have, you know, the communism isgonna, you know, beat out

(07:54):
capitalism.
So it's more of a philosophicalthing, not economic, where he's
not going to benefit from it perse. You know, then you have
conquest. I mean, that was likeAlexander the Great, you know,
Julius Caesar. It's also whyJapan went into Manchuria to

(08:17):
get, you know, tangible assets,energy, things of that nature,
which they didn't have. So youhave these primary issues.
I mean, I did a report. So youhave the the other thing is
basically the worst of them allis, unfortunately, what we're

(08:39):
seeing in The Middle East isreligion. Because there
historically, there's just nosolution to it. It it's it's
very deeply rooted. You know,you had so many different things

(09:01):
throughout history.
In the Byzantium, you had themcoming up with against anybody
that worshiped an icon. Youknow, you have Protestant versus
Catholic, the ProtestantReformation, which still has

(09:21):
Ireland split. But as I've said,I've been in Bavaria when they
say, oh, tomorrow's a holiday.And what's the holiday? We beat
the you know?
It's because we won the war. Asin which war are we talking
about? You know? And they said,oh, we we defeated Prussia
because they were ProtestantBavarian Catholic. So that's

(09:43):
what you really see here.
And the danger of the MiddleEast one, what makes it a
completely different category. Ihope Israel, you know, contains
itself. You take out theAyatollah. That's more or less

(10:03):
like a protestant assassinatingthe pope. You know, it's about
about 30% on average of theseother countries, Egypt, Jordan,
etcetera, and even Saudi Arabiaare so Shiite.
Alright? So it's not all oneSunni country or something like
that. There's differences.That's been my argument against

(10:27):
Bill Crystal and the neocons.Back in the nineties, told me,
oh, if we take out SaddamHussein and Assad out of Syria
and Gaddafi will bring peace tothe Middle East.
I said, you have your mind. Youknow, this is tribal. Okay? They
don't see themselves as allIraqis or Syrian or whatever.

(10:51):
And to a large extent, youneeded dictators.
Why? Because they preventedeverybody from killing each
other, really. Otherwise, therewere always gonna be, you know,
internal, you know, civil wars.You know, Sunni versus Shiite
versus Kurd. You know?
Yeah. And, you know, Drew's Imean, we we've heard it all over

(11:14):
constantly. You know? And youcan look at Tony Blair's
apology, which is on YouTube.And he said, you know, taking
out Saddam Hussein, we thoughtwe would be freeing them from
the oppression of a of Saddam.
And he said, we didn't realizewe'd be subjecting them to more

(11:35):
sectarian violence. You youended up with ISIS cutting off
people's heads and stuff. Imean, this is the problem. They
they judge others by themselves.You know, why wouldn't they want
peace?
Because it's religion. You know,wake up. Don't you understand

(11:57):
the differences here? And sothis idea I mean, general Wesley
Clark, you look on YouTube, hisspeech from 02/2007. After
09:11, he went to the Pentagon,and he was told they were going
into Iraq.

(12:18):
And he said, have you connectedIraq? They said, no. This has
just been their new kind ofagenda. Remove these dictators.
And they told him they weregonna go in and and conquer
seven countries.
And he disagreed with them. Sohe heard the same thing that I

(12:38):
heard, you know, that I heard itback in the nineties, you know,
from Bill Crystal whose fatherIrving started the the neocon
movement. And what a lot ofpeople don't realize is that I
mean, I grew up there in thePhiladelphia area. Netanyahu

(12:58):
Netanyahu went to school there.Alright?
And he used to hang out with theCrystal family. His father
taught there, so did, you know,Bill Bill's father, Irving, at
Penn State. So the problem wasthat, you know, he is a dyed in
the heart, you know, in the woolneocogn. And so if you look at

(13:25):
this, it's it's I I believethere was a there was basically
a no confidence motion broughtagainst him, and he won simply
by by two votes. And had he beenremoved, this would be you

(13:50):
wouldn't see war.
Okay? So the very next day iswhen he attacked. So from the
neocon perspective, they neededhim. Because they they all lost.
You had Dick Cheney evenendorsing Camilla.

(14:11):
They were, you know for all mysources, were really behind the
assassination attempts of ofTrump. And I was in Berlin at a
meeting in May of last year, andI they said, really think
Trump's gonna win? I said, thecomputer says he's gonna win

(14:33):
hands down. I'm sorry. I said,but I know these neocons.
I've been to dinner with thesepeople. Alright? I think they're
I told them I think they'regonna assassinate them. And
it's, oh, come on. You know?
So I was in conspiracy theory.And then after that, they go,
holy shit. You really know thesepeople. Right? You guys I've

(14:53):
been to dinner with them.
Okay? You don't see a warm lightin their eyes. You really just
don't.

Speaker 1 (14:59):
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(16:04):
much as the the kind of thenarrative they're pushing is
that a lot of theseassassination attempts go back
to Iran, which is probably true.
There are probably some Iraniancells. I mean, you you it's it's
no, you know, kind of secretthat the Iranians, the Chinese,
the Russians, you know, haveissues with America. Like, it's
okay. But youth when you saythat the neocons are behind

(16:25):
that, do you think that it was alot of these neocons here, but
also, do you think that theIsrael was involved? You
mentioned Netanyahu.
Right? Do you think that that

Speaker 2 (16:34):
I don't know if Israel was involved. I do know
that, they did everything theypossibly could just to prevent
him from, you know, coming topower. I mean, I don't see, you

(16:54):
know, Putin is doing it. Putinunderstands that dealing with
Trump is far better than dealingwith with the rest of them.
Trump understood after the firsttime.
And as you know, I was used tobe part of the vetting process
for who wants to be present.They would send me in, they

(17:15):
explained how the world economyreally works. And then it was
more or less saying, do youthink they're smart enough to
understand? And then I was toldto go in and meet with for sure.
They said, this one's different.
I said, what's different? And hesaid, oh, no. He's really
stupid. And I was shocked. And Isaid, why would you make
somebody a stupid president?

(17:38):
And I was told he's got the nameso we can win. And I was asked
to be in the to take the chiefeconomic adviser in the White
House at that time. And I said,no. Sorry. As I own my own
company.
Sorry. You know, people don'tunderstand what the real gig is

(17:59):
down there. Why are these headsof Goldman Sachs come and take
these positions? Because to takethe position, you can't have a
conflict of interest. So youmust sell your stock, because
you must sell the stock to takethat position in government.
It's tax free. So you get tosell half a million dollars or a

(18:23):
few $100,000,000 worth of stockthat you had tax free. You're
there for a couple years. Oh, Ihave a headache. Sorry.
I gotta leave. You know? Youknow? So it that's the way
Washington really works.Everybody, you know, graces
everybody else's hand.
And so I said, sorry. Notinterested. And, you know, I

(18:46):
knew other people, Steve Moore,who Trump had offered a position
on the Federal Reserve. Stevewould have been very good and
immediately start attacking hisfamily, you know, and he
withdrew his name. This is youknow, Washington is very, very

(19:07):
nasty.
It's you know, and they don'tcare about anything. Look at
some of the Supreme Courtjustices. Oh, some girl that oh,
I think he wanted to rape me inhigh school. And then it turns
out she never even went there.You know?
It it's it's just notincorrigible, I mean, what they

(19:30):
do. It it's all about power andwhat and whatever. But so the
neocons, this is you know, whenthey got there, they I know I
won't mention the names, but Iknow who they are, and they

(19:50):
picked the cabinet. Alright.They stuck in John Bolton.
They stuck in all these peoplebecause I was actually asked.
Alright. So I know who was doingit. So this time when Trump went
in, he picked his cabinet beforehe got to Washington. That was a
shot across the bow.
You're not gonna do this to meagain. You know, every person

(20:12):
they stuck in there wasbasically stabbing Trump in the
back from John Bolton, you nameit. And look at the Biden
administration. You had threepeople. You had Garland who
brought all the charges againstTrump.
You had Victoria Newland who'shanding out sandwiches in

(20:35):
Ukraine in Maidan. And then youalso had John McCain standing on
the stage over there. Overtoryof government, we stand with
you. I mean, and Blinken, who'sthe one who divided the world
economy by putting sanctions onRussia, and then threatened

(20:55):
China. If you help them, we'lldo this to you.
Really? You know? You peoplewant war. You have to sell debt.
They own 10%.
Okay? How are you going to dothis? They they have they don't
understand the world economy atall. That's why they used to
send me in to see if there was alabel with these people. They

(21:15):
don't understand that we are allconnected.
We really are. Whatever happensin Europe does impact us here.
For example, The Just US wasvirtually bankrupt. JPMorgan had
to lend a 100,000,000 in gold tothe to the treasury in 1896. It

(21:39):
was World War one and two thatmade The United States the
financial capital world.
All the money came here. So it'snot something that our domestic
politicians said, gee, if we dothis, we'll be the the biggest
in the world. Never happened. Itwas Europe blowing itself up,
you know, twice, no less. And Ithink a third time is gonna be a

(21:59):
charm, I guess.
I don't but this is the realproblem. And you have these
people that gravitate to power.You have these three people,
Garland, Victoria Nuland, andBlinken, all claiming they're
from the Ukraine area, allclaiming their families were

(22:20):
persecuted by Russians. How doyou get three people from the
same region? Historically, inthe Biden administration?
It you know, it's more thanslick. It's you know, they're
really weaseling their ways intothese things. And they they, you

(22:42):
know, they bring us into war. Imean, it was blinking. They
ended up creating bricks.
Once you put sanctions onRussia, then it was a warning to
the rest of the world. You know?You do what we tell you to do or
we're this is what will happen.And so they created bricks to
say, go ahead. We don't careanymore.

(23:03):
But they're very arrogant.They're very they only see their
immediate issue. That's my realproblem with these neocons. It's
they don't ever look at theramifications and like, okay.

(23:24):
Fine.
They took out Saddam Hussein.Did anybody anticipate ISIS? No.
You know? Alright.
What are they doing now? Oh,well, we take out Iran. Then
what? What happens then? Theyhave these sleeper cells all
over the place.
If you turn into a religiouswar, you're gonna see civil wars

(23:44):
in all the major cities ofEurope, and in America. Don't
you understand what you'redoing? You know, they only look
at their own, you know, personalagenda. That's it. That's the
and, you know, look, I've dealtwith these people for a long
time.
Bill Crystal even spoke at oneof our conferences back in the
nineties. So I know at leastknow what I'm talking about.

(24:09):
Alright. Sounds speculation.

Speaker 1 (24:11):
Well, so talking about America, I know that I've
had a lot of conversations withyou with you before about the
future of America, and reallythe future of the world, and
what your models are showing.And so I wanna dig in that. But
before we do, when when I say,what are your models showing or
Socrates, can for people thataren't as familiar with you or
your work, can you just give usthe the quick overview of what

(24:34):
does it mean when MartinArmstrong's models predict
something that happens? Like,what what are these models?

Speaker 2 (24:44):
Basically, my father was a a lawyer. I didn't wanna
become a lawyer. I studied laws.Yeah. Alright.
Fine. He pushed me intocomputers. And so I did the
whole nine yards. I did theengineering, the software,
whatever. So in the seventies, Ibasically I I wanted to go back
to trading, really.

(25:04):
I just enjoyed the trading inthe markets, So I thought, gee,
I know how to write a program.When I do this, I wrote a
program to be able to trade andto monitor everything. And as we

(25:31):
ended up, ironically, as thebiggest in the world because of
currency. People ask me all thetime, how did you ever do all
this? It was, you know, my oldassistant used to have one of
those stick men with the holdingthe sign on her desk.

(25:51):
The same shit happens. Happen tohave had a client, Walter
Zengerle, who is a senior VP atFranco National Bank. And
fortunately, back in, like,1964, my father took the family

(26:14):
to Europe for the summer. And sowe traveled all over. So that
actually taught me aboutcurrency that I have you know,
we had to change currency everytime we crossed the border back
then.
And so Franklin National Bankwas the bank that started
Mastercard. And it was the firstbank that failed in 1974. And it

(26:37):
failed because of a a 10% movein the Italian lira. Mhmm. And
he knew I understood currency.
He said, would you come take alook at this? I think we have a
problem. So after that, prettymuch everything that had
anything to do with currency,said, get that guy that did that

(26:58):
one. You know? So I startedgetting dragged into all these
things, performing the g five in1985.
So we had clients all over theworld because currency was was
number one, really, for majormultinationals as well as

(27:19):
governments. So I, you know, gotto meet Margaret Thatcher, you
know, etcetera. We had a clientin Lebanon. It was one of the
the major banks there. And theysaid they found a ledger that
they've written down theLebanese pound every day back
into the nineteenth century.

(27:39):
Could we make a model? I said,sure. We'll put it in, see what
the heck comes out. I put it in,and I thought there was
something wrong with the databecause it came out and said the
country's gonna fall apart ineight days. And I called the
client.
I said, look. This date has gotto be bad. You know? And he
calmly said, well, what currencywould you recommend? I said,

(28:01):
well, it says the Swiss franc.
Eight Eight days later, thecivil war began. Then I saw we
had a client in Saudi Arabia whowas one of the biggest shippers
in The Gulf. And he called meand says, Iraq's gonna start
attacking shipping in The Gulftomorrow. What do you think
gold's gonna do? I said, tell mea war's gonna start?

(28:21):
He says, yeah. So by the time1998 comes, we were I stood up
in in London. We had aconference there in June, and
the computer was saying Rush wasgonna collapse. So that became

(28:44):
long term capital management,etcetera. That's when the CIA
came into us.
It was like, alright. We've beenfollowing you guys for a long
time. They want me to go build amodel for them. I said, look.
We'll run any study you want,but I'm not gonna go down there
and build something in somebunker for you.
And they said, no. We have toown it. I said, well, it's not

(29:06):
for sale. So that ended upstarting my confrontation with
government pretty much afterthat. But they were all into it.
I mean, we were dealing with acompany in Geneva with Granadex,
and we're getting all kinds ofrequests for studies on platinum
and, oh, weird weird stuff. Isaid, what's the grain company?

(29:28):
What with all this? And went tolunch with one of the heads of
the top three banks, and I askedhim. I said, what do you do
about Granadex?
I'm getting all kinds of strangerequests. And he says, Marty,
you don't know who they are? Isaid, no. You know? He says, oh,
they're fun for the KGB.
I said, oh, okay. Thank you. Youknow? And, I mean, Geneva, I

(29:53):
believe, is the reason they camein with know your client. I
mean, I'd be asked to go we havea client wants to give you a few
100,000,000 to manage.
They you go over there, andthere's a curtain between you
and the other guy, and you can'tsee who it is. I said, no. This
doesn't feel right. You know? II actually ended up managing

(30:16):
money for Qaddafi three times,and they were all involved in
this.
I mean, I met a bunch of guysthat came in, looked like they
were Irish, red hair, etcetera.They were trading markets to to
make money to buy arms, and theywere the counter revolutionary

(30:38):
army for Iran against theayatollah back then. They all
are involved. Every intelligenceagency. This is how they make
money.
You heard of IRAKontra. Youknow? They make money to to fund
things that they can't go to tothe congress or they don't want

(30:58):
public, what they're actuallydoing. They're trading markets
to do it. So we kinda ended upyou know, shit just happens.
I mean, it we ended up in aposition where, again, called in
by governments around the world.And and it's it's always the

(31:20):
currency that causes it. It'swhen they're forming the euro,
they they came to me. I had metwith them in '98. It's a '87
crash.
I mean, you name it. It's it'sI've just been in the middle of
absolutely every one of them.And it was my reflection is is

(31:46):
because we did currency. Andwhat the model did, I began to
see that if you know there's awar coming, you start to move
your money in advance. And sofor 09/11, the SEC used our
stuff to look for who was buyingputs on airlines a few days

(32:07):
before.
The terrorists were doing stufflike that. So it, you know, it
it it's pretty widespread,really. It's so I've been in I
mean, the Hamas attack onOctober 7, the defense stocks
all started moving a week inadvance. Somebody always knows.

(32:31):
I don't care what you whatcountry you're talking about.
Somebody always, always knows.And, I mean, I've studied it. I
had a team. We put together thelargest foreign exchange
database. They worked at the inLondon at the Royal Newspaper

(32:54):
Library.
They had every newspaper back topretty much inception, and
they're taking down quotes oneverything, and then we put it
into the computer. You can lookon our site. We've published a a
dollar index back in 1900. Soyou can see what the dollar
really has done to wars,etcetera. And even with the

(33:22):
Roman coins, we all knew thatRome fell.
The question was, how? Was itlike a $7.47 coming in for a
landing, or was it like awaterfall and just falls apart?
But it turned out the the thewaterfall just collapsed in just
eight years. But we took all thecoins, and we had them, you

(33:47):
know, basically, you know,checked for the metal content,
and then we put out charts onthat. And you can see it's just
a waterfall that justincredible.
But so my my, I guess, desirewas I knew history. History. And
really was like, why docivilizations rise and fall? And

(34:15):
so I would say that was thedriving force to put this data
together to actually see whathow things really do function.
And you do have to go back, youknow, hundreds of years.
You can't just look for the lastsix months. You know? It's and
when you do, you it comes outand you begin to see, you know,

(34:39):
why wars happen, etc. You know,their economic reasons or
philosophical reasons, religiousreasons. And how do you solve
different ones?
But then you have ethnic issues.That's like Ukraine. They just

(35:01):
hate you, you know, Russiansperiod. And that goes back, not
correctly, but, you know, theyblame the Russians for, you
know, the the starvation ofUkrainians. But they don't want
to admit the fact thatKeganovich was the guy from

(35:22):
Kyiv.
He was Jewish, and he wasStalin's right hand man. And
when he said, because theyconfiscated all the land, you
know, communism, and then it'slike putting somebody in DMV in
charge of planning stuff, youknow, didn't work out very well.

(35:44):
So to to pretend that communismwas actually working, they stole
the food from Ukraine. And mostserious people look at this. And
since he was born in Kyiv andUkrainians were even more
ruthless against the Jews thanthe than the Germans, they many

(36:09):
people believe that it was aretribution for the persecution
of the Jews that they had pulledoff.
And who knows what the realmotive was, but, you know,
that's basically what a lot ofpeople assume. But he was
Jewish, and he was born in Kyiv,and he was the one in charge

(36:30):
taking all the food. So itwasn't really even a Russian.
And Stalin wasn't Russian. Hewas from from Georgia anyhow.
Alright? So I can tell you inRussia, there's always been a
question is who's who's actuallyRussian? You know? So, you know,
you have just a lot of differentethnic groups and and all part

(36:54):
of one country. And, I mean,even if you look at Rome, you
know, what there was an emperorPhilip the first around
February.
And they call him Philip, youknow, the first the Arab,
because he was born over inSyria. He becomes the the

(37:16):
emperor of Rome. So you you yousee that people, you know, the
emperors that were no longeradjusted to, you know, from Rome
or Italy or something like that.They came from different places,
Spain, whatever. So they hadpretty much the same sort of
issue.
Who's really Roman? Are they youhave Roman citizenship, but

(37:39):
you're not bloodline Roman? Youknow? So, I mean, this is the
way history is. And Russia wasnot not much different from that
perspective.
Many different ethnic groups.And that is what has sparked the
debates in Russia for a longtime. Who's really Russia?

Speaker 1 (38:00):
And so looking at at America and and what your models
are telling us, like so Trump ishe you know, he's come out. He
has this masterful ceasefire,peace to the Middle East, peace
to America. America's enteringinto a golden age, and there's a
lot of rhetoric and discussionabout that. But when I look
around, and I also just gauge myown gut feeling, America seems

(38:24):
like it's teetering on the edgeof chaos. And I I don't wanna be
a Debbie Downer and, you know,whatnot, but it it doesn't seem
like we're entering into someperiod of just grand prosperity
and and peace.
Actually, it seems almost theopposite. But what are you
seeing? Like, what are yourmodels showing you for what,
say, the next five years inAmerica could potentially look

(38:47):
like?

Speaker 2 (38:50):
It looks as though we're in this period of a
political revolution, where, asI said, you know, we've seen
this many times throughouthistory. Rome overthrows its
king Athens goes, that's a goodidea. We overthrow monarchy.

(39:11):
Francis, that's a good idea.This time, it's religion.
I mean, I'm not religion. It'smore of a republic that they
tell us we live in a democracy,but we do not. We're never asked
any relevant question. Shall wego to war with Russia? Yes or

(39:31):
no?
Nobody asks us. They just dowhatever they wanna do. And it
was Mark Twain who said ifvoting really mattered, they
wouldn't let us do it. You know?So it it unfortunately, we have
republics tend to be the mostcorrupt form of government,

(39:54):
period.
You have I mean, just look in inEurope, and, you know, the
they're they're talking aboutthe kickbacks between Ursula and
Pfizer. You know, people aredemanding that really she should
step down. This is the problemwith the republic. They you

(40:17):
know, I could run for office andsay whatever you wanna hear.
Vote for me.
I'll save the whales. I'll makesure it doesn't rain on
Thursdays. You know, whateveryou want me to say. Alright?
Then I get there, and I go,congratulations.
And this is how it works.Alright? The ideas are made up

(40:41):
in the backroom, and then justlook at the the the votes.
They're damn party line. You'retold how to vote.
Alright? They don't representus. It takes somebody with
courage to stand up against it.And then what they do to them is
the speaker of the house has waytoo much power. He decides who's

(41:05):
gonna be on what committee.
If you don't play ball, youdon't get on any committee. You
can't make a motion on thefloor. All motions must come
through a committee. So theythey have ways of of of
basically shutting you down. AndI've seen this over the years.

(41:26):
And John Banner, basically, whenhe was speaker of the house, he
couldn't deliver the there wereabout 80 people in the party
that were elected. They refusedto go along with him, but there
were enough of them that theycould stand up. And so what he

(41:47):
did, he started removing anybodythat supported him from any
financial committee. You know?And this is the way Washington
works.
You know, when I brought thisup, I would they can't he the
speaker can no longer do that. Isaid, oh, okay. Fine. He changed
the rules again. So,unfortunately, I think we're

(42:12):
looking at the demise of thistype of system.
And it's it's pervasive. It'severywhere. It's I would like to
see if, you know, the computershowing this is coming to a
head, you know, by around 2032.And after that, my hope is that

(42:36):
we move more towards a directdemocracy. Kind of like I know
people go, oh, well, you know,that that can be bad.
You know? No. Just look atSwitzerland. They they come up
with a referendum, and it has tohave so many signatures before
people will vote on it. And Ithink that's a much better way

(42:58):
of going about some things.
And they they tend to take thearguments against democracy from
from some of the the Greekphilosophers that were against
democracy, but they they feltthat the average person on the

(43:20):
street was too too stupid to toknow what he was voting on. And
this is the attitude that theylook at us at. And so they they
get to do what the hell theythey wanna do anyhow. And they
really don't know how thingsfunction globally. If they did,

(43:45):
they wouldn't be calling me in adifferent you know, I get called
into all these crises, and,like, I told you not to do this.
You know? You know, I just senta letter out to Trump, for
example. It's always the samescenario. And you, as an

(44:07):
individual, your parent tellsyou don't stick your finger in
that candle. It's gonna hurt.
You still do it. Now you youfelt that suck over is hot.
Okay. You don't do it again.Government is incapable of that
because it changes all the time.

(44:28):
So there is no collectivememory. You know, all these
crisis comes in and somebodysteps up, oh, this is the
solution. I've never yet heard.And I've been dealing with them
for over forty years. A simplequestion.
Has anybody tried this before?Did it work? Never asked. Never.

(44:51):
And look.
This is it became, I guess,pretty famous after the eighty
seven crash because I was calledin for the g five, and they were
saying they were gonna lower thedollar by 40% so they could sell
more widgets offshore. Soundsnice. This is what I mean. They

(45:12):
do not know what they're talkingabout. I wrote a letter to the
president.
I said, if you do this, you'regonna cause a crash in two
years. Oh, why? Because you solda third international debt to
the Japanese. You're now gonnasay you're gonna lower the
dollar by 40%. You're gonnasell.
Why would they sell? Becausethey're gonna lose money. You
you know? So I got called intothe '87 crash. You can look at

(45:38):
the Brady Commission report.
At the very end, the best Icould get them to say, we think
foreign exchange has somethingto do with it. That's it.
They're never gonna blame thegovernment. Alright? But you
lower the dollar by 40% so youcan sell more widgets.
You're valuing US assets toeverybody else in in stocks,

(46:03):
real estate, whatever, from theforeign perspective, they lose
money. You know, I was in Londonin 1985 when the pound fell down
to par. Yeah. I mean, the Britsthought Americans were crazy.
We're everybody's in therebuying property, and they're,

(46:26):
oh, it's at the highest price.
They're creating no. It was thefact that the the pound had
fallen from $2.40 to to par.Okay? I even went into British
Airways. And I guess theConcorde was was flying back
then.
I asked him, I said, how manytickets could I buy? They looked

(46:48):
at me like one. I said, howmany, you know, open ended, you
know, tickets can I buy in theConcorde? It will cost me
$1,000. You know, they gave melike 25.
I said, Oh, very fine. I'll takethem. And they looked at me like
I was crazy. But then I went toget on the Concorde. Is
completely full with Americans.

(47:08):
Because when it started, it was3,000, basically. And it was
more than a first class ticketout of New York City. So it was
really expensive. But when thepound fell from $2.40 to to par,
it was so cheap. It was cheaperthan a first class ticket.
And I got on there, and everyoneit was full of Americans.

(47:31):
Everyone this is really a greatdeal, isn't it? I said, yeah. It
is. But they don't understandcurrency.

Speaker 1 (47:41):
Hey, folks. I've got a quick but really important
update. So right now, DCpoliticians are trying to kill
the very tax credits that arehelping bring manufacturing back
from China and putting Americanworkers on the job. These
credits are fueling US energyindependence, rebuilding our
supply chains, and hitting theChinese Communist Party where it
hurts. And look.
This isn't theory. It's actuallyhappening. We're talking real

(48:04):
factories, real jobs right hereon American soil. But if they
repeal these credits, we'regonna lose millions of jobs. We
got over a trillion dollars fromour economy, and we hand China a
massive win.
So here's the deal. PresidentTrump, don't let congress pull
the plug on America's comeback.Stam firm. Protect the energy

(48:25):
tax credits. Keep puttingAmerica first.

Speaker 2 (48:30):
And if you understand currency, this is is it it
changes everything. In theseventies, the Germans were
pricing their cars in DeutscheMark. Okay? So from the American
perspective, you could buy aGerman car driving around for
two years, and you'd sell it formore than what you paid for.

(48:55):
Because pricing it in DeutscheMark to Americans, as the dollar
is going down, it was alwaysgoing up in value.
So that's what gave Germany the,you know, the image that their
cars were the best. Alright? Andif you understand the currency

(49:16):
side, it it's very, very simple.I mean, with Toyota, etcetera,
the Japanese, I help them. Isaid, look.
You wanna compete against theGermans? This is how we do it.
We price it in dollars and takethe currency home to manage.
Okay? And that's how Japan beatGermany.

(49:40):
Then I got I got called in bythe Germans. They go, would you
do this for us? And we did toJapanese. Yeah. Okay.
Fine. You know, you know, whenyou're getting into currency
moves at twenty, thirty, 40% ina couple of years, it changes
everything. Absolutelyeverything. I was involved with

(50:01):
all the takeover boom in theeighties, and people didn't
understand, you know, they madethe movie Wall Street, you know.
Yeah.
And they didn't understand whatwe were doing. I went back out
of all the courage pubs inEngland. Okay. I said, alright.
Fine.
And we borrowed the money inSwiss franc. So you borrow in a

(50:24):
currency that's gonna declineagainst the asset. We're making
more money on the currency movesthan we were on the assets. So
this is why I just we gotdragged into everything
globally. It was we understoodcurrency as a model with

(50:46):
tracking capital flows.
And what I noticed when I was inGeneva, for example, we were all
dealing with the OPEC money inthe early eighties. Then the you
started to see the the capitalstarted shifting to Japan. And

(51:07):
Japan then peaked in 1989 at theend of the decade. But the money
was flowing there, but also thetalent. So some of the best
brokers I knew in Geneva hadmoved to Tokyo.
So I could see, for example,even when Greece got in trouble

(51:28):
in 2010, the traders go, oh,okay. Who's next? Oh, Spain.
They start attacking thosecurrencies. Alright?
This is the way capital reallyworks. So the model, basically,
that I developed track capitalflows internationally, so I
could see where it's going next.And I never intended it to

(51:56):
predict wars, but then began tosee that, you know, the
terrorists were definitelyusing, events to make money to
fund the next ones.

Speaker 1 (52:13):
And what's it what what are you seeing with the
capital flows in America?Because you say that these, you
know, these capital flowspredict what's coming. So with
where things are at right here,stock market's at all time high.
There's all these interestingthings happening, but what are
you seeing? Like, what's themoney doing, like, big money
doing in America, right, wherewe still have the dollar, the

(52:35):
World Reserve currency, all thisis still relevant here.
But you see people, you know,Jamie Dimon, for instance,
selling off massive amounts ofhis stocks. You see Berkshire
Hathaway sitting in, if I'm notmistaken, their largest cash
position in history. So what arethese signs telling you about,
you know, life home in America?

Speaker 2 (52:56):
Most of those, they really do not understand the
global, implications. They'rejust looking at this from, oh,
it's an all time high, like,pull out the charts from 1929.
It all depends. You get wargoing on in Europe, which they
are pushing very hard. Then yougotta be out of your mind to

(53:21):
keep anything there.
What will happen is Europealways puts in capital controls.
Just look at the charts fromWorld War one. What did they do?
They shut down all the stockmarkets. So you couldn't sell
anything, and your money willget trapped.
This is what what they routinelydo. The dollar, about 70% of

(53:49):
dollars are paper dollars areoutside the country. Why?
Because The United States is theonly country that has not
canceled its currency. EvenCanada canceled its thousand
dollar bills.
It's it's high denomination.Europe routinely they're they're
very socialistic. So theyroutinely cancel their currency,

(54:13):
Britain, all of them. So youcan't have a few 100,000 in cash
and stuff it in in a safetydeposit box. It's something
worthless.
Alright? It forces you to comeout. And then they go, oh,
really? Where'd you get thisfrom? You know?
Did you pay your taxes? So thethe problem with Europe is

(54:37):
definitely that they are lookingat this from a a they want war
because they're they'reseriously in trouble. And I I
dealt with them. Anyways, tryand shut this off here. But when

(55:04):
they were forming the euro, Iexplained, look.
You have to consolidate thedebt. They were saying, oh,
everybody will pay the sameinterest rate. I said, all this
is bullshit. Not gonna work.Alright.
We have a single currency. Yougot 50 states. They all pay
different rates according totheir to their credit rating.

(55:25):
Alright? You're comparing it tothe federal government only.
Alright? And to do that, youhave to consolidate the debt,
create a European federal debt.Alright? And Hermit Cole was
against that. He's he didn'tallow the Germans to vote to go
into the euro, and he evenadmitted before he died that he

(55:48):
acted like a dictator.
And he said if he allowed theGermans to vote, he would have
lost seven to three. So the theproblem with the euro is that it
has never been able to competewith the dollar. And we're we're
reaching that point right nowwhere we saw it in Greece. When

(56:13):
one member gets in trouble, itturns into a contagion that
affects everybody else. So ifCalifornia went down, we
wouldn't be, you know, panickingand selling federal debt.
You know? You might sell Utah orWashington State or something
like that, but you're not gonnago sell federal. So the problem

(56:35):
with Europe is that one gets introuble, they can take down all
of us. And they know this. WhenI warned them, they said, look.
We understand. They said, wejust have to get the euro
through so you could create thebureaucracy first. And they
said, we'll worry about the debtlater. Here we are twenty six

(56:59):
years later. They haven't doneanything.
Alright? So the problem thatwe're facing here is that they
need war. And the main reasonthey need war is because it's a
cascade of of absolute errors.You about 70% of pension funds

(57:27):
must have government debt. Adefault government debt, you
lose all your pension funds.
The bank reserves must havegovernment debt. Now they get
they can hold debt of all themembers. So they you get one
member in trouble, andeverybody's gonna say, oh, which
bank has the biggest holding?You know? And start shorting

(57:50):
that bank.
This is the only capital act.And an example of this, the
German hyperinflation. Whatreally caused it was in December
22, the German governmentconfiscated 10% of everybody's

(58:12):
assets. You're hearing Ursulasaying talking about the same
thing. Unused money we can, youknow, to fund the war.
Alright? Go ahead. Watch whathappens to Europe. Because
Germany did that in December 22,capital fled like crazy. They

(58:33):
started moving accounts to everyother currency but Germany.
So the hyperinflation in storesin '23. It had nothing to do
with printing money. It had thefact that they confiscate 10% of
your assets in the bank. I thinkif they did that today, you're
gonna go, should leave the restof it there? You know?

(58:53):
You're gonna move it. Alright?This is why in 1933, when Hitler
comes to power, what did he do?He issued a law that was against
the law to have a foreign bankaccount. He was trying to bring
back all the money.

(59:14):
Matt, you couldn't have a aforeign bank account without
government permission. Then whathappened? Switzerland decides
and creates the numbered accountsecrecy system in 1934. So it's
all connected. So when you loseconfidence in the government

(59:39):
state, the capital will flee.
And that's what's been comingover here already. Alright. One,
paper dollars are being held inRussia. They're being held in
China, because they know, one,they're a hedge against their
own governments. But two, theywon't be canceled.

(01:00:01):
They can't hold euros. Theywon't even hold Canadians.
Alright? So that's part of thereserve currencies of The United
States. You have these peopletalking about all the debt, the
debt really.
Okay. The interest that we arespending to keep rolling the

(01:00:26):
debt is currently at 1.9% ofGDP. You want to run into
bricks? Okay, who's the highest?Brazil eight and a half percent.
We are the strongest because wealso have the largest economy.

(01:00:49):
And we have a consumer basedeconomy. So everybody's got
price their Toyotas, the BMWs indollars to sell them here. Okay?
So all this talk about all thedebt is gonna take the dollar
down.
Very nice. Capitalization of NewYork Stock Exchange by itself is

(01:01:16):
worth more than all of theexchanges of your combined.
People have no concept that TheUnited States as a phone
manager, I can pick up the phoneand say by funding, you know,
$10,000,000,000 worth oftreasuries. I can't do that with
your I still have to say, gee, Iwent Germany, I went France, I

(01:01:37):
still make the same decisions asif the euro never existed
because they never consolidated.So there's a lot more to this
than meets the eye.
And you get these peopledomestically, all the debt, all
the Fed. Look, central banks, Italked to many of them. Alright.

(01:02:03):
The central banks are introuble. Why?
Because the issue of really, thethe whole issue here about the
how do we, know this philosophythat we can the governments in

(01:02:26):
control and and manageeverything. It's just it's a
crack. I mean, what do we wantme to say? I mean, it Keynesian
economics was was establishedback in the thirties. US had a
balanced budget.
So yes, you raise interest ratesand lowered interest rates

(01:02:48):
affected us directly. Alright.Today, the government's the
biggest borrower in the room. Sothey cannot control inflation.
If he raises interest rates tostop inflation, the government
interest expenditures go up.
So we're in a differentballgame. And you can see it and

(01:03:14):
understand it when you step backand look at the whole world. And
you get these people that arejust myopic. They only look at
the Fed. What's the Fed gonna doto us next?
That's very nice. I did a bookback in in '86. We hope to
republish republish it iteventually. It was called the

(01:03:36):
greatest bull market in history.It taught me a lot because I I
had to read all the newspapersfor the bull market into '29 and
the bear market.
What were they talking about?What were they thinking about?
And the psychology wascompletely opposite of what we
hear today. Interest rates wererising all the way into '29. And

(01:04:03):
stock market rose.
Why? They said that proved therewas still a demand for money. So
it's still bullish. Interestrates declined, went from 6% to
1% in the Great Depression.Market fell 90%.
Didn't help. Alright. O seven too nine, interest rates went

(01:04:26):
down. Didn't help. Interestrates decline in recessions and
depressions.
It does nothing. Why? Verysimple. If you think the stock
market's gonna double, you'llpay 20%. If you don't think it's
gonna go up 1%, you're not gonnaborrow at 1%.

(01:04:49):
Alright? It's it's a matter ofperception. So you're gonna look
on our side and publish callmoney rates back to 1899. And in
1929, that was the lowest levelof interest rates. Why?
Not the biggest. Because of itscapital concentration. Same

(01:05:17):
thing in 1989 in Japan. All thecapital was coming to The United
States because, first of all,World War one. Alright?
So it it it came here, and thenthey saw the auto boom, which
kinda like the .com bubble. Youknow? So then everybody wanna

(01:05:38):
be, you know, part of the, oh,this is the big boom, industrial
revolution, blah blah blah.Alright? So the money was here.
Ford has made a ton of money onthis because the dollar was
going up. The current the samething happened in 1989 in Japan.

(01:05:59):
Alright. Yen was going up. Stockmarket's going up.
So as a foreign investor, I mademore than the Japanese did.
Because I benefit also on thecurrency. Alright. So that's, I
mean, understanding, steppingback and looking at the world
economy. You know, we have, youknow, I would make decisions.

(01:06:27):
We had to make decisions wherewhat countries, you know, a
company should set upoperations, things of this
nature. That's how I got to meetMargaret Thatcher. I happen to
have known her personal economicadviser, sir Alan Walters. And
she had heard this rumor thatthere's this guy sending

(01:06:49):
companies to Britain. You know?
And he goes, yeah, that's Marty.There is a guy. You know him? He
says, yeah. I wanna meet him.
So I went to go meet her. Sheeven spoke at one of our
conferences, and I think it was'96 or something. And explained
to her, I said, look, I wasputting all the the companies

(01:07:12):
that needed skilled labor, likeauto manufacturers in Britain.
And she said, why? I said, inGermany, the social cost on top
of paying somebody the very samewage that I would in in Britain,
alright, is 40% higher.

(01:07:34):
And she says, really? I said,yes. Very socialistic. And this
is I'll give you an example. Iwas called in by one of the the
largest telecommunicationcompanies in Germany.

(01:07:54):
I was in London. I got a phonecall. We need you here at the at
the board meeting first thing inthe morning. I said, what's up?
They said, you'll find out whenyou get here.
I get there. They point our firmadviser to the pension fund.
Then everybody's resigning. Isaid, what the hell is going on
here? You know, is this a HarryCarey meeting or something?

(01:08:17):
You know? And they wanted to layoff 20% of their workforce. The
German government initiallysaid, okay. Then at the last
minute, oh, that's not fair. Youcan't pick and choose.
You have to make this offer. Ithink it was 150,000 to give up

(01:08:38):
your job voluntarily. Alright?So what happened, the people
that knew they could get a jobacross the street took the $150
left. They got stuck with thevery people they wanted to fire.
Alright? So the chairman, hesays, you know, he he's,
likewise, took the $150 left. Isaid, why? He says, I'll never

(01:09:01):
get a job again if my name isassociated with this company,
which is gonna go down thetubes. Alright.
And I told this story to a boardmember, and I got called in by
the, you know, the IMF. And Isaid, you know, look,
governments, you can't do thiskind of stuff. And I've always,

(01:09:24):
you know, taken my high roadwith this and tried to do it,
you know, straighten it out. AndI was actually surprised. But
she said to me, she says, you'rediscovered this also in Greece.
That's what happened. I said,human nature. Okay? If somebody
knows they can get a job acrossthe street, they're gonna take

(01:09:46):
the money and leave. The guythat doesn't think he can, he's
not gonna take the money andleave.
You know, you can't just comeup, oh, that's not fair.
Equality, all this, you know,complete BS. They don't
understand human nature. This isthe problem between you had

(01:10:11):
Russian communism versusChinese. Alright.
They were actually two differentphilosophies. Stalin was a
paranoid. You know, he wasworried about what you thought.
Okay. So that's his great purge.
In China, it was more of the thetall poppy syndrome. We don't

(01:10:32):
care what you say in yourprivate house, what you think,
but if you stick your head upagainst you know, above
everybody else, it's getting cutoff. Right? So that was pretty
much the the two different, Iwould say, versions of
communism. And when you stepback and look at this, this is

(01:10:55):
why China boomed and Russiadidn't.
Because China didn't getinvolved in changing the human
nature of people. Whereas inRussia, I mean, met people that
grew up in East Germany, andthey were taught in school that

(01:11:16):
if your parent ever saidanything against the state, to
report them because the state isreally your parent. You know,
this kind of shit. It's, youknow, so psychologically,
psychologically, it wasdifferent. We have one client
when Germany was unified, and hewas gonna open a plant in in the
East.
And I warned him. I said,listen. You know, this is not

(01:11:39):
gonna work out for you. And hesays, no. No.
You don't understand. Germanethic. I sorry. These people
have never had to work. Hedidn't listen to me.
Opened up his plant. Maybe aboutthree months later, called the
guy, you know, I should'velistened to you. It takes three
Eastern you know, Germans to dothe work of one. I said they

(01:12:01):
never had to. You know, you haveto understand the human nature
that Stalin really undermined.
China didn't do that. So it'swas different type of of
philosophy per se. But that'swhy China boomed very rapidly.

(01:12:23):
It's, you know, its economy is,you know, about to exceed United
States, Russia? No.
So it it's human nature thatthat does this. It's it's what
it is that I knew a professor atPrinceton University, and he

(01:12:49):
said to me that he he said, youremind me of Einstein. I said,
what? You know, he says, you'recurious. And he said, Einstein
had said, without curiosity, youdiscover nothing.
And then he understood what he'stalking about. Said, because I'm

(01:13:11):
not physics or something likethat. You know? And he says, no.
You're curious.
You're trying to figure out whatmakes it tick. He says, that's
what Einstein did. It's just adifferent field. And when I
thought about what he wassaying, he's correct. That's
what communism basicallystopped.
You weren't allowed to becurious. You know, that's

(01:13:34):
Nixon's kitchen debate withKhrushchev in 1959. See all
this? This is what the privatesector created. Nobody in
government is gonna sit thereand go, gee, wouldn't it be nice
to have a machine to wash dishesso I don't have to do it every
day?
They're not doing it. Alright?So they're not going to see
that. And that's what heexplained to me. He said, if

(01:13:59):
you're not curious, you willnever discover anything, and and
progress society will be killed.
And it's right, it's it doesn'tmatter what the field is.
Alright. I'm certainly noEinstein, when it comes to, you
know, quantum mechanics andstuff like that. But no matter

(01:14:20):
what the field is, if you're notcurious, you can't discover
something you already know. Sothat's what the computer really
does.
I saw the capital flows and howit moves back and forth. So most

(01:14:44):
central banks will, you know,contribute to us because they
wanna know too what the hell isgoing on. So we track the the
international capital flows, andit shows both markets as well as
geopolitical events. Because,obviously, if you do know you're

(01:15:05):
going to invade a country,you're gonna move your money
accordingly. And, you know, withthat Bank of Lebanon, they saw
the money moving.
They probably knew about theirrumblings for civil war. They
weren't coming to me for thatforecast. They were coming to me

(01:15:27):
for the timing. So it wasn'tlike, oh, you're gonna go in the
civil war. Oh my god.
Really? You know, they alreadyknew that. And like I said, very
calmly, so what currency wouldyou recommend? And I was like,
You know? Because they alreadyknew they could see it on the
ground.

(01:15:48):
And people are moving money,etcetera. Like, we talked about
with Germany, you know, movingmoney outside because of
hyperinflation stuff. But that'swhat what will happen. You
undermine the confidence, andthe capital will move. And the
biggest risk you have right nowis that Europe is desperate for

(01:16:11):
war.
And the more that they keepbeating these war drums, the
more capital that is moving overhere. So a lot of our our
clients had, you know, goldreserves that said, you better
get out there. Because when thatfirst bullet is shot, just look

(01:16:32):
at what they did in World Warone. They shut down all the
exchanges. You won't get it out.
So the Europeans, I tell them,look. You better have an account
outside because capital control,they will come down, and this is
why they're moving for digitalcurrencies over there. Once they

(01:16:55):
do a digital currency, that'sit. You're shut down. You
already had Spain come out andsaid you can't take more than
$3,000 out of an account withoutor €3,000 out of an account
without permission from thegovernment.
It's cash. They're they'rescared to death of the money
fleeing. And then you haveUrsula over there saying, oh, to

(01:17:17):
fund the war, we can, you know,seize private unused assets.
Unused. I mean, this is nuts,but governments do the same
thing all the time.
You know, it they I've theyrespond like a cornered animal,

(01:17:39):
and they will fight tooth andnail. I've seen the internal
memos of NATO when the money wasgoing to to climate change.
They're worried. And how do weremain relevant? They may remain
relevant by constantly saying,oh, Russia's gonna invade

(01:18:00):
Europe.
Putin doesn't wanna invadeEurope. What's what's he gonna
get out of it? You know? Lookinto France, and they're say,
oh, thank you. You're gonna payour pensions now?
You know? That's about it.There's no gold. There's no
energy. There's no tangibleasset worthwhile going in.

(01:18:26):
Alright. You had Hitler.Alright. It was to control all
the York. But Hitler, you know,you know, the other side of him
was basically, you know,compensated all the art things
of this nature.

(01:18:49):
And even the issue against theJews, you have to understand
that there was it was called theJewish conspiracy. They viewed
that communism was a Jewishconspiracy issue. You had Marx.

(01:19:10):
You had Trotsky. Alright.
Laine wasn't Jewish, but theysaw it as that's why they they
went after really the Jews. Thethe Bundestat and the right side
that went fire blamed you on acommunist. Okay. He was Dutch,

(01:19:33):
but it was to beat up this tojustify going into Russia
because they're communist. ButRussia has been I mean, even
Margaret Thatcher, you're gonnafind on on YouTube.

(01:19:53):
She gave a speech. Russia is therichest country in the world
from natural resourceperspective. They've got oil,
diamonds, gold, timber. You nameit, they have it. The estimates
are about $75,000,000,000,000 innatural resources.

(01:20:13):
This is why you had Napoleon tryto conquer it. You had Hitler
try, and and this is why, youknow, I've been told that they
call the Macron in France thepetite Napoleon. And they they
really think that if theyconquered Russia, Europe would

(01:20:39):
then rise again like the RomanEmpire. Richest country in the
world. US will be thesubservient vassal state beneath
their feet.
This is you know, you know,look, know, the goal had the
same kinda, you know, attitudes.It's been these ethnic hatreds.

(01:21:06):
They go back centuries. Whenwhat happened happened was you
had after World War two, the CIAwanted Europe to band together
and create the Europeancommunity. They funded it.
The problem was the Gaul, andthey had to threaten taking away

(01:21:34):
the Marshall Plan funds fromFrance to get him to fund Avery.
He agreed to take the theGermans, but not the British.
Why? Because, basically, youknow, France, lost to the Brits
at Waterloo. I mean, this goeson forever, really.

Speaker 1 (01:21:55):
I mean, it seems like it's it's just the same cycle of
history over and over and overagain. Corrupt governments, you
know, you know, millennia oldbattles between tribes and races
and regions, and it's just it'sjust the human condition. We
feel like America's been herefor so long, but it's just a

(01:22:16):
baby in the whole timeline ofmankind.

Speaker 2 (01:22:18):
And Yeah. It's this is why, you know, FDR tried to
get us into World War two, andit took Pearl Harbor to do it.
Congress wouldn't issue adeclaration of war. Americans
were not interested. Becauseeverybody that came here was to
get away from that shit, really.

(01:22:41):
And I saw a documentary. He wasin Boston trying to justify
sending troops to to helpBritain. And Boston's mostly
Irish. They said, you reallyexpect us to send our boys over
there to defend the Brits afterwhat they did to Ireland? You
know?
This this was, you know, thiswas pretty much the issue. So it

(01:23:09):
that that's what you get. Imean, Britain wasn't allowed to
join the EU until after DeGaulle died. I mean, I I was a
keynote speaker at the BISconference in in Paris. So I had
to sit at the head table withall the heads of the central
banks there of Europe, and thetable starts speaking English.

(01:23:30):
And the French sitting next tome, he was absolutely beside
himself. This Paris should bespeaking French. But everybody,
you know, the Italian didn'tknow German, the German didn't,
you know, the one languageeverybody knew was English. I've
encountered the same thing in inChina. Between Japanese and and

(01:23:52):
Chinese, they speak English toeach other and nothing outside
of that.
But he was absolutely livid. Imean, he was like, oh, it was
you know, they that even whenFrance joined the euro, you can
go on eBay and maybe buy one,but the rule was that nobody was

(01:24:16):
allowed to issue a coincelebrating France's loss at
Waterloo. Belgium finally did,but as a commemorative issue
that wasn't for circulation. Itcomes in a little card. And
Belgium basically did it becausethey didn't like the French
anyhow.

(01:24:38):
The goal said that Belgium wascreated by the English to annoy
the French. So, I mean, thesedisputes have gone back and
forth, I mean, for such a longperiod of time. That's why I say
it's it seems to be more of acontagion. It's like everybody

(01:24:59):
starts you know, somebody getsmad at you know, that's a good
idea. I remember them.
They did this to us. Well, yeah,don't know. It all just seems to
to rise. So so all of a sudden,you see Thailand and Cambodia.
You know, where the hell didthat come from?
You know? It's like Pakistan,India. I mean, right, they at

(01:25:20):
least split, you know, religion.But it's it's pervasive. It's
it's always the same thing.
And I think we have tounderstand that this is the
world we live in. And it's it'snot, you know, as black and
white as you might think. Andwe're often on the receiving

(01:25:46):
end. And so just be mindful thatsome of these guys, oh, they're
selling their stuff because theythink the market's overvalued.
They're looking at itinternationally.
If you goes into war, thatcapital is coming here. Alright?

(01:26:09):
US is the only place you canpark up. All that kind of money.
As I said, the New York StockExchange by itself is worth more
than the all the exchanges ofEurope combined.
The IPO of of Home Depot wasmore than all all the IPOs of

(01:26:31):
Europe for ten years. You haveno concept of of how oppressed
Europe really is. And it's allthis social socialistic ideas.
And, I mean, I've lived there.And, you know, I was in Zurich,

(01:26:55):
and they have you can goshopping only one night.
State's open till 07:00. That'sit. And you you ask, well, why
can't you be open, like, so yougo after work, and you're gonna
rush out and buy everythingwithin two hours before closes.
You know, and, you know, all youAmericans think about is just,

(01:27:16):
you know, money. And that'sthat's the attitude you get.
I said, well, it's not, youknow, you have three shifts. The
third shift comes in, runs it atnight. It's not the same people
having to stay for fourteen hourdays. You know? But then I just
don't get it that way.
They really don't. It's

Speaker 1 (01:27:36):
No. The the whole thing just seems like a mess.
Well, Martin, I actually I haveto wrap up because I I have
another show to record, veryshortly here. But, I wanna bring
up your website before we we do,sign off your it's
armstrongeconomics.com. Wealthof of information on there.

(01:27:56):
And, you know, I I appreciateyou coming and just sharing
these these these thoughtsbecause it's you said it's not
black and white. It's so farfrom being black and white. It's
layers upon layers ofcomplexity. It's just it's so
hard to make sense of.

Speaker 2 (01:28:11):
Just, you know, everybody will act out of their
own self interest.

Speaker 1 (01:28:16):
Yeah. That's human nature for sure. Yes.

Speaker 2 (01:28:20):
That's human nature, and you're you know, when that
first bullet starts to fly,you're gonna see them coming
over here. They they did it forWorld War one. They did it for
World War two. This is just theway it is. I mean, if you're
over there, you're gonna Ibetter get out of here because
I'm not sure the bank's stillgonna be there when, you know,

(01:28:41):
when the bombs finish.
You know? It's it's interestingtimes that we live in. That's
for sure. Oh, certainly. Keepsus on our on our toes.

Speaker 1 (01:28:53):
That is true. That is true. Well, Martin, thank you
for giving us an hour and a halfof your time today. I I really
appreciate it. Thank you fordoing what you're doing.

Speaker 2 (01:29:02):
Well, I hope it, you know, opens the door a little
bit so you can see a crack onthe other side.

Speaker 1 (01:29:08):
Yeah. Well, the key is that we're all curious, and
that's that's what's what'sgotten us here is we're we're
curious about these things.

Speaker 2 (01:29:15):
You don't discover anything unless you are curious.
Yeah. You can't discover whatyou know.

Speaker 1 (01:29:21):
Exactly. Well, Martin, thank you again. Take
care.

Speaker 2 (01:29:24):
Well, thank you. Take care of yourself. See you again.

Speaker 1 (01:29:27):
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