Latest / Financial Survival Network / The World According to Martin Armstrong -- WW3 Explained (Part V) #5928
Transcript
- 0:00You just take all these wars. I mean, does Ukraine really think that
- 0:06it can destroy all of Russia? I mean it's absurd. And the same
- 0:10thing. You look in the Middle East. Does Amas think that they're going
- 0:13to really wipe out Israel and the role the Jews are going to leave the
- 0:16Middle East? I mean, what's your end goal here? Yeah? There
- 0:20is. You know, you can't get to the piece because nobody will talk
- 0:25to each other. You're listening to Carrie Lutz's Financial Survival Network, where you
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- 0:48now more than ever. And welcome you are listening to and watching the Financial
- 0:56Survival Network on your ows. Terry Lutz, Well, we've got in our
- 1:00extremely popular series The World according to Martin Armstrong. Martin Armstrong is back for
- 1:06installment number five, and boy do we have a lot to talk about here,
- 1:11Marty. Oh, we do live in interesting times and that's a curse
- 1:15in the Chinese Confucian system, right, Yeah, so interesting times endless wars.
- 1:23It seems like the military industrial complex, the neo cons can just never
- 1:29have enough wars going on in the world at any given time. Well as
- 1:34you know, I know some of them, and my opinion is that communism
- 1:42just fell by itself because it was effectively inefficient, and they, you know,
- 1:49basically, I think, just regret that and continue. They don't want
- 1:56to admit that communism collapsed. I mean, billionaire Chinese and Russians, et
- 2:01cetera. I mean, you wouldn't have it under communists or regime. The
- 2:06government owns everything. And I think when this kind of all started when cruise
- 2:12chefs said we will bury you, and they, you know, all rallied
- 2:16up together, all right, Well, we'll put you know, democracy around
- 2:21the world. Of course, their version of democracy is really totalitarianism anyhow,
- 2:25But as Mark Twain said, if voting really mattered, they wouldn't let us
- 2:30do it, you know. So I think that you know that they are
- 2:38just constantly pushing for war because they never got to fight it, you know,
- 2:44to end democracy, I mean to end you know, the communist state.
- 2:49It just collapsed. And speaking of communism being inherently inefficient because from an
- 2:57economic standpoint, the price functions not allowed to function. The pricing mechanism isn't
- 3:02allowed to function. It's set by smart people who know better than the market,
- 3:08and that leads to the inefficiency malinvestment kind of kind of like what the
- 3:14Federal Reserve does with interest rates. Right, But China is encountering the very
- 3:21same thing now as the former Soviet Union, right. Yeah, you you
- 3:27know when China opened up, you know, I was invited there after ninety
- 3:34seven and I went, you know, for the nine in the Asian charity
- 3:40crisis. So I think I was the first Westerner they invited in, and
- 3:47I would ended up in this room actually answering questions about capitalism versus communists,
- 3:57like they were monitoring there were two and forty nine varieties of tea, and
- 4:00they were monitoring absolutely everything in the country, but they were not interfering.
- 4:06And I had to answer questions like, well, why is this tea selling
- 4:11for like a dollar here but five dollars over there? I said, well,
- 4:14where does it come from? Oh? Here? I said, well,
- 4:16first you have transportation costs. They go, oh yeah, okay,
- 4:21you got to get it there. You know, communism if it was a
- 4:26dollar in one place, it's a dollar everywhere, even if of course it's
- 4:29ten dollars to get it there. You know, that's why the whole thing
- 4:32just really collapsed. Plus, you know, you were not allowed to think
- 4:40or create something, so any innovation was largely in weapons or things of that
- 4:46nature. They never developed a consumer economy. You know. That's the famous
- 4:51nineteen fifty nine kitchen debate of Nixon and krush Chefs, showing all the innovations
- 4:59in the American kitchen that did not exist in Russia. But so I think,
- 5:04you know, that's these people were just against communism, but they ended
- 5:11up hating the very people that are there rather than what the system was.
- 5:17So I mean, even when when Reagan came to office, the neocons were
- 5:24against him for meeting with Gorbachev. You know, they actually came out and
- 5:28said, oh, you could never trust to Russian you know, and you
- 5:32know it with NATO invited Russia to join. That's why there was the coup
- 5:39against Gorbachov. And that's when Yeltsin is throwing the tank and the whole thing
- 5:44in ninety one collapse. But so, I don't know, I just see
- 5:47that these people are regret that they never got to fight, you know,
- 5:53the great fight with Communism, and so it's just endless wars forever. I
- 5:59guess they'd never sun su that every war is won or lost before the first
- 6:03shot is fired, exactly, and won the war. But it wasn't enough
- 6:08for them, No, it wasn't. And you know it's I mean,
- 6:12just you have to look at this stuff like giving long range messiles to Ukraine.
- 6:17That's not for the front line, that's to attack Russia. What could
- 6:21go wrong? They always wanted to escalate everything. You know. I have
- 6:29some friends in Israel and they're starting to wonder if Israel is just a vassal
- 6:33state, you know, of the US. And you know, because a
- 6:39lot of people don't believe that, you know this, this attack was totally
- 6:44surprised, you know, Harber wasn't either, right, No, absolutely not.
- 6:49I mean it even that all come out that the US had broken the
- 6:55code, they knew everything. And then there was a big set investigation on
- 7:00it, you know, because you know, alleging that FDR new and it
- 7:05concluded, well, we're not sure if he knew or not, and hey,
- 7:10well we just learned. Look, we learned things over time through improved
- 7:15technology. And through people fessing up when they no longer have anything to lose.
- 7:20We just found out that the magic bullet in JFK's assassination wasn't so magical
- 7:27after all. No I knew Orle inspector who came up with that little theory
- 7:33lived about three doors from me on the beach down in New Jersey, and
- 7:38when I asked him about that, he would just smiling up or not reply
- 7:42yeah, well you plead the fifths. Yeah, but yeah, Like that's
- 7:46the thing like news today. Like I think the news was always controlled,
- 7:51but now you can see it's controlled, and you can deconstruct, you can
- 7:56drill down. Like there's a service that I subscribed to looks pretty good called
- 8:01bround dot News, and they show every single publication that's carrying the story on
- 8:07the right, on the left, they even say who owns these publications?
- 8:13And you get a view of the news that you never really could get before.
- 8:18When Walter Cronkite got up there, his word was was literally the law.
- 8:24It was like God was speaking to you and nobody questioned it. And
- 8:28now I challenge you to find the news reporter that someone doesn't challenge or everyone
- 8:35doesn't question. Well, yeah. I mean, look, this is basically
- 8:39exactly how they brought about the communist revolution. You know, they just you
- 8:46know, they controlled the press, that was it. And look, thirty
- 8:50years ago, I would say they least pretended to be honest. Now they
- 8:56don't really care. It's in your face. It's like, yeah, so
- 8:58what what are you going to do about it? You know? Yeah?
- 9:01I mean even like going after Trump? What's happened since then? Argentine?
- 9:07Is it? Oh that's a good idea. So now they're criminally your opposition.
- 9:11Brazil is doing going after Bols. I mean, this is now going
- 9:15to start spreading. Doesn't putin do things like that? Has it? He
- 9:20like off the opposition or just tossed them in jail? I mean what other
- 9:24countries do that? You green? Yeah? Right, and uh, you
- 9:31know it's becoming an alarming worldwide trend of militarizing or weaponizing. Well you called
- 9:39it. I thought you summed it up well when you called it. The
- 9:43Department of just Us reminded me of George Carlin who said it's all a big
- 9:48club and you're not in it, and that's pretty much it. It's it's
- 9:52look, they they've always done this to some degree. I mean I had
- 10:00at an executive VP of I think he was with the New York Post and
- 10:05they put him in prison for eighteen months, and he explained to me how
- 10:09it actually works. He says, the government will call and say, we
- 10:13have a favor. We want you to kill the story or spin it this
- 10:18way or whatever. If you don't, they come after you personally, and
- 10:24they put him in jail. I think for eighteen months. Were the absurd
- 10:30hiring someone to work at the Post who didn't show up a no show job
- 10:37than that the government runs on no show jobs exactly. I mean, it's
- 10:43just absurd, absolutely absurd. I mean I've been to Brussels where you know,
- 10:50these guys get salaries, but then they actually get an extra couple hundred
- 10:56euro if they show up and you'd see them in the morning going over and
- 11:01they slide their card in and then they tear around a leave so they get
- 11:05the extra two hundred. I mean it was just like, you know,
- 11:09do you steal all the soap out of the bathroom there as well? You
- 11:13know, probably do. I wouldn't put it past them. Eight So,
- 11:18you know, fighting the cycle, like that's what central Bank's purpose is to
- 11:24fight the cycle that's been occurring for thousands of years. Right, we have
- 11:28first we have speculation, then it becomes excessive, a bubble occurs. But
- 11:37before you could print money, we only had one bubble at a time.
- 11:41We couldn't have multiple bubbles. It's futile to fight the cycle, isn't it.
- 11:46Most of the time these cycles are accelerated by government itself. They're always
- 11:54trying to eliminate the business cycle, which is what Coral Marks was all about.
- 12:00He didn't like the boom and bust, so he thought, if he
- 12:03took all the assets away from everybody, like Klaus Schwab, you'll own nothing
- 12:07but be happy that that would terminate the business cycle. And it did not,
- 12:15because the business cycle includes everything, war, climate, you name it.
- 12:20I mean, there's a book out eleven to seventy seven BC. I
- 12:24mean, when you know the climate turned bed up north, all these people
- 12:31invaded the south and wiped out most of the civilizations. I mean the Egyptians
- 12:35survived, but they wiped out most of the Bronze Aid civilizations. They called
- 12:41them to see people, they know where they came from, but they were
- 12:45all driven south because of climate. I mean the same thing has come out
- 12:48now about you know, why did you know Attila the hun invade Europe.
- 12:54There was a massive strout over there, so they moved. You know,
- 12:56most of these types of things or are caused by that. So climate's always
- 13:03been changing. It's you know, this propaganda, Oh, we we've created
- 13:09warming since the global you know, development of the industrial you know, revolution
- 13:16is absolutely absurd. I mean, it was far warmer back during the Roman
- 13:22period. Yeah, that's true. We had and we had the Middle Aged
- 13:26mini Ice Age and the Medieval warming period. Nobody can explain that. Yeah,
- 13:31they're just cycles that always take place. And you can read you know,
- 13:39basically John Adams complaining about how cold it was in the seventeen hundred.
- 13:43It's that the ground was frozen two feet deep and they couldn't even plan anything.
- 13:50So, uh, cycles. We got to see a crash in October
- 13:54here, what's what's the system saying? What's Socrates saying? Well, yes,
- 13:58we have changes here going into your ends, that's for sure. We're
- 14:05not looking at a massive crash in like the stock market like some of these
- 14:11people were talking about. For you know, like nineteen twenty nine. You
- 14:16have to really look at the fundamentals behind those charts and nineteen twenty nine.
- 14:24Basically, first of all, it was most of the money it was all
- 14:30over here because of World War One, right, and that had the Auto
- 14:35Revolution, so it was kind of like a dot com bubble, and all
- 14:37the foreign money was here to begin with, and so they were just blurging.
- 14:43Then when Europe got into trouble, they started pulling the money back out.
- 14:48That creates the crash here nineteen thirty one, all of Europe defaults.
- 14:54Britain went into a moratorium. Eventually came out, but you know, you
- 14:58can buy a lot of their bonds eBay, you know, and frame them
- 15:01up if you want. We used to have a whole bunch of them to
- 15:03remind us what happens to government debt. It always the faults. So you
- 15:09know, it was different back then. You know, the dour went up
- 15:13dramatically. That's why Roosevelt even confiscated gold because the dower had gone up so
- 15:20high, because nobody wanted the assets. They were just looking to park money,
- 15:24and so he confiscated the gold and then you know devalued. The dour
- 15:31took gold from twenty dollars in the sixty seven cents to thirty five, so
- 15:35you know that was a rise in the dour at that point. And then
- 15:39put all the Europe is the faulting. So we have to look at these
- 15:45things. This current situation is the opposite. You have to really say,
- 15:50okay, fine, you want to sell all your stocks and go buy you
- 15:54know Biden's latest issue of bonds when he just you know, sent another one
- 15:58hundred million dollars over to Ukraine, and and and now the fight Israel as
- 16:04well. Uh, I mean it, Our problem today is government that they're
- 16:15they're coming in with CBDCs because in their view, they would collect thirty five
- 16:23percent more in taxes if paper money was eliminated and everybody had to be on
- 16:30on the books. Uh, And they take to collect thirty five percent more
- 16:34in taxes. That's what they estimate the underground economy is. You know.
- 16:40So you know, when you hire that sixteen year old girl next door to
- 16:44watch the kids while you and your wife go out, where's her taxes?
- 16:48You know, Uh, it's just absurd. You know, you find one
- 16:52hundred dollars bill in a parking lot, where's there fifty percent? You know
- 16:56it's mutatum. So d dollars and the bricks currency. I mean, is
- 17:03this a question of the like Mark Twain said, rumors of my death are
- 17:07greatly exaggerated. Oh absolutely. I mean, look, the strengths behind the
- 17:15dour has nothing to do with gold, has nothing to do with the government.
- 17:19All these emerging markets when they borrow money, where do they have to
- 17:23go? New York City? New York is basically it's the financial capital of
- 17:29the world. London used to be. Well in Miami now the financial capital.
- 17:36Well, yes, they're they're moving in all to get to Miami,
- 17:38for sure. Yeah, but you know, the brigs are not in a
- 17:45position to replace the door. Is China going to fund all these and you
- 17:51know, and emerging markets and lend money and you know their backing system is
- 17:56not going to handle that. You know, there's nobody there to replace the
- 18:02financial markets of the United States, So the deepest in the world. And
- 18:06until you know, that's what the strength behind the dollar really is. And
- 18:14we have to understand that. It's you know, even when we get into
- 18:19this war stuff, they're fighting over borders and this is also antiquated and ridiculous.
- 18:26Yeah, this is the twenty first century and we're acting like it's medieval
- 18:30times here. Yeah, I mean that's why Adam Smith even wrote wealth of
- 18:36a Nation. Why because he was It was a retort against the French physiocrats.
- 18:41They said, the wealth of a nation is its agriculture, and therefore
- 18:45that started the empire building. The more land you have, the richer the
- 18:49nation is. And Smith said, no, wealth of the nation. If
- 18:53you made a a saddle in London and you sold it to somebody in France,
- 19:00you still game on with gold. So it wasn't just agriculture. But
- 19:04these people fight over borders that are absurd and they're arbitrary. Meaningless, the
- 19:11border that they're fighting over is arbitrary, and the one that they want is
- 19:15arbitrary. You know, you could go back to biblical times so well you
- 19:21know, hey, all this land was submerged at some point, so I
- 19:25who learned it? Then? Yeah, it's you just take all these wars.
- 19:30I mean, does Ukraine really think that it can destroy all of Russia?
- 19:36I mean it's absurd. And the same thing. You look in the
- 19:37Middle East, there's a mass think that they're going to really wipe out Israel
- 19:41and the role the Jews are going to leave the Middle East. I mean,
- 19:45what's your end goal here? Yeah, there isn't you know, you
- 19:48can't get to the peace because nobody will talk to each other. All right,
- 19:53So hey talking about about what's happening in the world here, the endless
- 20:00wars, the fighting, the cycle, all of this. So the dollar
- 20:04is here until something dramatically goes wrong and it doesn't exist and it can't be
- 20:11used anymore. But when we look at China, who seem to be the
- 20:15successor to the US, the place is imploding. Their real estate market,
- 20:21it's hit the skids. More distressing than their real estate market is the quality
- 20:26of the infrastructure that they have built since since the country opened up. You
- 20:33know, when you go on those highways, they're like they're a mess.
- 20:37I mean, we have defective infrastructure in the West and in the US plenty
- 20:41of it, but they have like zero standards or they adhere to zero standards.
- 20:47Just do a search for Tofu drag construction and you see that the country
- 20:51is literally falling apart. It it seems Martin. Yes, look, they
- 20:56have their problems, and it's a learning curve more or less. But what
- 21:00I would say in Chinese defense is they have looked at the economic model,
- 21:07and they've seen what made the United States great. It was a consumer market.
- 21:14They look at Germany. Fine, Germany's the largest economy in Europe,
- 21:19but the average German has less net worth than an Italian. Why because they're
- 21:23so afraid of inflation that they kept their taxes so high. And their model
- 21:32was mercantileism. We build something to sell to somebody else whereas the United States,
- 21:40it's a consumer based economy. So that's why everybody wanted to sell stuff
- 21:45here from Japan, toyotas and BMW's, etc. So China is moving in
- 21:52that direction. They understand the difference and they're trying to create a consumer based
- 22:00economy there. I mean it's going to take time, all right, not
- 22:04right now, but not happening. Yeah, but they least understand what Germany
- 22:11does not. Yeah, that's going to be I mean you're talking about fifteen
- 22:17to twenty years, but it will replace the United States in that sense.
- 22:22All right. What's your take on Elon Musk. We were talking about control
- 22:27of the media, and I don't know his agenda, but he certainly shined
- 22:32a bright spotlight on government manipulation of social media, of websites, of news
- 22:41to the point where cases going to the Supreme Court. I don't have any
- 22:45great confidence in the Supreme Court. Like I always said, if your last
- 22:48hope is that the Court's going to do the right thing, then you're out
- 22:52of hope. But we see it. It's coming up here. It's going
- 22:56to be they're going to be really hard pressed to uphold the government's right and
- 23:03these businesses right to control information at the behest of the business and at the
- 23:08behest of the government. What's your take on musk No, Look, I
- 23:12think he's he has actually served a very important purpose, kind of like get
- 23:19Edward Snowden in that way that you know, changing the our view of things.
- 23:26Uh, the government has gone far out of control with you know,
- 23:33controlling social media and all this stuff. It's largely because they know that this
- 23:41is imploding on them. They're they're they're getting desperate. As of January first,
- 23:48an American cannot go to Europe without being preapproved. And what they're going
- 23:55to do is put in looking at what's your politics. Oh, you protested
- 24:00against COVID, No, you can't come to Europe. You know, we're
- 24:06they're moving more and more towards this. You know, you know what they
- 24:10were calling social credit scores. And this is all what our computer has been
- 24:17forecasting that we're looking at the collapse of these republican forms of government by twenty
- 24:23you know, after twenty thirty two, they are just simply desperate at this
- 24:30stage. You know, it's I see it more or less like Joseph Stalin.
- 24:37You know, he became so paranoid and it wasn't good enough that he
- 24:41controlled everybody. He was like, what did you think? What are you
- 24:45thinking about? Are you a possible enemy? And a friend who grew up
- 24:51in East Germany and when the wall foul, his father when got a Stasi
- 24:56file and he so all his friends who are actually riding on them and get
- 25:00home and they started punching holes in the wall, pulling out microphones. And
- 25:07to this day and his father refuses to ever talk to anybody other than family.
- 25:11But I mean, that's what you're looking at. Why put microphones in
- 25:15people's houses? Oh what are you talking about? Are you a possible threat?
- 25:21This is where we're going. Well, they don't even have to put
- 25:22the microphone in anymore. They got this. Oh yeah, now that's very
- 25:26true. They can track you and then say you're they know everything at this
- 25:33stage in the game. So this is really very quite serious because you know,
- 25:37these people are Government is not there for you, they're there for them.
- 25:42Yep. We have to understand that the biggest problem with government is that
- 25:51the flaw that our founding fathers put in with the lack of term limits,
- 25:56because once they are there, they are on that side of the fence,
- 26:02and then they always look at us as the enemy as simple as that,
- 26:07you know, our digital ideas, and we got to try, where are
- 26:11they going or what are they going to do now? If they Yeah,
- 26:15the best form of government I ever saw in all the studies that I've done
- 26:19this was the city of Genoa. The head of state, like the president
- 26:25of the Doge, rotated on an annual basis among the rich families. And
- 26:30but he was only there for you know, being because he was there for
- 26:33one year and in that family wouldn't get control again for another twenty five years.
- 26:38Nobody would pass the law that was detrimental to the people you know on
- 26:42the street, and was more of a competitive thing of Genera against Florence and
- 26:52Venice, so everybody benefited. It wasn't this rich versus poor thing, which
- 26:59was also started by you know, by Mars. I mean, look,
- 27:04there are people that have different talents. Somebody can be a brain, another
- 27:10person be a quarterback. You know, what you earn is based upon how
- 27:15many people in that field are there, right, the value? So going
- 27:21back to Musk, So besides his influence on Twitter, which I mean,
- 27:26if he wanted to spend forty four billion to recavoc, I guess it was
- 27:30money well spent. But what about his other enterprises and the effect you see
- 27:37AI for instance, which I knew you've been involved in for decades, but
- 27:41now it's really hitting the mainstream. The electric vehicle, not so much EV's
- 27:47for EV's sake, but the marriage of the automobile and AI and all this
- 27:52technology. And then is SpaceX. Basically the guy owns space, he's controlling
- 28:02space. What what do you make of him? His influence on the economy,
- 28:08on society, you know, his significance historical when we look back,
- 28:15Oh, I think it's gonna be important. You know AI, he's been
- 28:19around. I mean, we were developing that in the early seventies. So
- 28:26people have to understand that there there's always been this theory that and it really
- 28:33comes from people that are, I would say, don't believe in God or
- 28:37something of that nature. They think that our brain is just a supercomputer and
- 28:44consciousness comes simply by dumping a lot of information into it. So this is
- 28:51the theory in computing that are you create a neural net to keep putting everything
- 28:55in it, and someday it just wakes up and says, oh, wow,
- 28:59look it's me, and I don't like you. You know, that's
- 29:04very nice. I've I've been don't look, I've even been a keynote speaker
- 29:11to American Hackers Convention. I don't see that it's ever possibly taking place.
- 29:21I don't see U a program evolving as to his self consciousness, et cetera.
- 29:27So I think that that is kind of absurd. AI can certainly outproduce
- 29:34a human being because it can look at everything. I mean, this chap
- 29:41you know, yeah, Prograham that they put out that that's not really a
- 29:45I oh you know you you ask your question and just goes out and search
- 29:51it. Oh, and comes back, Oh, what's lady got God's Dog's
- 29:53name? Oh it's you know whatever. It's not making a conscious decision,
- 30:00it right, and it is learning in a sense that the more people that
- 30:04they opened it up for free, because the more people that started asking questions,
- 30:10it was expanding its knowledge base. But it's not making a conscious decision.
- 30:15Gee, I don't like you because of the tower your hair. It
- 30:23doesn't do that and it can't reach that kind of level. But AI,
- 30:29as far as you know, replacing like a judge, I think yes,
- 30:33it could. Or about mortgage underwriters, yeah, I mean black and white,
- 30:38Okay, that's it. Did you whereas these people come in with these
- 30:44theories like Trump, Oh, well, the fourteenth Amendment says insurrection and nobody
- 30:49in an insurrection can be president. Well, that was written for the Civil
- 30:53War, and so then you change the definition of all these people going in
- 30:59to Capitol Hill taking selfies. They were never charged with insurrection, but they
- 31:04want to charge Trump with insurrection. You know, I mean, it's all
- 31:08political. It's how you manipulate all this stuff. Going after the head of
- 31:14Argentina. Oh, he manipulated the market because he told people not to say
- 31:19pesos. I mean, you know, so therefore he should be a criminal
- 31:26and charged with the but in prison. I mean, this is absurd.
- 31:32But this is the problem we have. AI. I think is important.
- 31:37You know, it will certainly help things going forward and by eliminating a lot
- 31:45of the nonsense back and forth. But it's not something that's going to suddenly
- 31:51wake up and say, gee, I'm going to destroy the world, you
- 31:55know, I'm gonna yeah, yeah, well, you know, it's a
- 32:00new technology. It's just like a lot of smashing the looms in England because
- 32:07they thought they would be out of a job, you know, and so
- 32:10fighting technology doesn't really work. It's here. Certainly there are jobs that are
- 32:15going to be eliminated by it though, right, oh yeah, of course.
- 32:20I mean look when trains came, they eliminated you know, the horse
- 32:24and buggies. You know, cars came. They that was the death knell
- 32:28to the horse and buggy. You know. It actually was the economist,
- 32:34the Austrian economist Shompitter, who called it these are waves of creative destruction,
- 32:39meaning that whatever the technology is previously is destroyed and is replaced by a new
- 32:46one. So cars replaced the horse and buggy. Okay, this is how
- 32:52it functioned. He calls it basically the waves of creative destruction, and I
- 32:58think that's a very good title for it. Just the cycle of life right,
- 33:02Yeah. I mean it's you go off and then okay, fine,
- 33:07you create something else. But the difference between AI and a human is AI
- 33:15doesn't really have an imagination, right. It's the person who says, gee,
- 33:21you know, if there's nobody here that bakes bread, maybe I should
- 33:23open up a store and and maybe make it and I can sell things.
- 33:29That's why communism failed. They eliminated that, so there was no advancement,
- 33:34and the advanced MANONI comes from from individuals. You know, he's doing a
- 33:39lot of my research at Princeton University. And I knew this professor that knew
- 33:45Einstein, and he shocked me one day. He says, you remind me
- 33:49of Einstein. I said, what said, I'm not brilliant or into physics
- 33:53and he said, no, no, no, he said the number one
- 33:58thing that Einstein said is curiosity. And if you're not curious, you don't
- 34:02discover anything. He says, you're curious about what makes the economy work.
- 34:07When he explained to me, it's it doesn't matter what the field is.
- 34:13If there has to be curiosity. If you're not curious, you're not going
- 34:16to discover anything. Right, That's what Einstein always said. It was his
- 34:22curiosity that led him down to discover things. Curiosity and desire, desire to
- 34:30improve your leg your family, whatever, those two things together are really unstoppable
- 34:35force. I think we're going to leave it at that. Today, Martin,
- 34:37we covered a lot of territory. Make sure you go over to Armstrong
- 34:42Economics dot com. Sign up for Martin's newsletter. It's must reading. You
- 34:49get it regularly. And hey, go over to Financial Survival Network dot com.
- 34:54And I might be splitting this interview up into two pieces. You'll be
- 35:00able to get the second half. And Martin really appreciate you coming on.
- 35:04We will talk to you again. If you've got a question from Martin,
- 35:07email Katy l at Carrie Lutz dot com. We'll get you an answer.
- 35:09Martin, we'll talk to you again real soon. Well, thank you for
- 35:13inviting me. Take care of yourself over there. Thanks for listening to Carrie
- 35:16Letz's Financial Survival Network. Your solution to today's trying times from the latest go
- 35:22to Financial Survivalnetwork dot com. Financial Survival Network need more than ever