Latest / UK Column Radio / Martin Armstrong on where the world is heading | Jerm Warfare
Transcript
- 0:30Speaker 1: My name is Jim. This is Jim Wilfare the Battle
- 0:33Speaker 1: of Ideas Modern I'm strong. Thank you for joining me
- 0:37Speaker 1: in the trenches.
- 0:39Speaker 2: It was Winston Churchill who actually said, in time of war,
- 0:44Speaker 2: truth is so precious that it needs a bodyguard of
- 0:47Speaker 2: lies to protect it. And that's the world we live
- 0:53Speaker 2: in today. You're in the midst of war and each
- 0:59Speaker 2: government is always going to say they're winning, and that's
- 1:06Speaker 2: just the way it is.
- 1:08Speaker 1: That's an interesting comment, though, I mean, is anybody winning.
- 1:15Speaker 2: Not really, It's I you know, as I've said before,
- 1:23Speaker 2: I was part of the vetting process and I was
- 1:30Speaker 2: be sent in to meet people who wanted to run
- 1:34Speaker 2: for president to explain how the world economy really worked.
- 1:39Speaker 2: Because I was one of the first head international hedge
- 1:42Speaker 2: fund managers, so I had to deal with internationally. But
- 1:46Speaker 2: it was a vetting process and I'd get back and
- 1:49Speaker 2: they would say, do you think he's smart enough to
- 1:51Speaker 2: handle it? And then in ninety nine I was asked
- 1:56Speaker 2: to go meet with Bush Junior and they said, oh,
- 1:59Speaker 2: this one's different. He's really stupid. And I said, excuse me,
- 2:05Speaker 2: because it was one hundred and eighty degrees opposite of
- 2:08Speaker 2: what we were doing, And I asked, why would you
- 2:14Speaker 2: make somebody stupid president, and they said, he's got the name,
- 2:17Speaker 2: so we can win. So they picked the cabinet. They
- 2:22Speaker 2: picked Dick Cheney, et cetera. All right, and that's where
- 2:26Speaker 2: I draw the line. And ever since then, if you
- 2:30Speaker 2: look at world leaders, they're not competent. They don't want
- 2:37Speaker 2: somebody who's going to tell them not to do something. It's,
- 2:44Speaker 2: you know, what we called a deep state. And people think, oh,
- 2:50Speaker 2: Republican versus Democrat. They move in both parties. And I
- 2:58Speaker 2: mean the last actual war that we had it was
- 3:03Speaker 2: World War Two. Everything after that has been orchestrated by
- 3:10Speaker 2: these neocons, and they're all like police actions or whatever.
- 3:16Speaker 2: And as long as they can claim some immediate threat,
- 3:19Speaker 2: they don't have to go to Congress. So you can
- 3:24Speaker 2: look on YouTube. You'll see Robert McNamara, who was a
- 3:28Speaker 2: neocon and took us into Vietnam. Before he died, he
- 3:33Speaker 2: did a video and he apologized. He said that they
- 3:40Speaker 2: thought Russia was involved, was standing behind Vietnam. He says,
- 3:45Speaker 2: we were wrong. It was just a civil war. They
- 3:50Speaker 2: have lost every single war since. And you can look
- 3:58Speaker 2: at Tony Blair's apology for Iraq. He said the same thing.
- 4:05Speaker 2: You know, all the intelligence was wrong, there was no
- 4:07Speaker 2: weapons of mass destruction. They always lie about everything. And
- 4:12Speaker 2: then he said, we had no idea that removing Saddam
- 4:16Speaker 2: would turn into a sectarian war isis and stuff like that.
- 4:23Speaker 2: This is the problem these people. And look, I've been
- 4:29Speaker 2: to dinner with some of them. My view is they
- 4:35Speaker 2: do not think beyond the end of their nose. It's like, well,
- 4:42Speaker 2: we just got to take out Saddam, Okay, do they
- 4:47Speaker 2: have no plan for afterwards? You're seeing this playing out
- 4:52Speaker 2: in Iran. It's the same script. They use all weapons, uh,
- 5:00Speaker 2: you know, going to threaten the world. It's always the
- 5:02Speaker 2: same thing. They do that to get around Congress. And
- 5:10Speaker 2: it's strategic. Uh. And so because the Constitution says only
- 5:16Speaker 2: Congress can declare a war. So as long as it's
- 5:19Speaker 2: not a war, it's a police action or something or
- 5:25Speaker 2: an eminent threat, then they don't have to go to Congress.
- 5:29Speaker 2: When they circumvent the entire constitution.
- 5:32Speaker 1: I suppose. My question is at what point does this
- 5:36Speaker 1: solways say, stop being a slow blead and become a
- 5:40Speaker 1: full on collapse.
- 5:41Speaker 2: Well, probably the the shock is going to come mainly
- 5:47Speaker 2: from the Iran War. There's a I would call it
- 5:54Speaker 2: the illusion of wealth that people think that the Middle
- 5:58Speaker 2: East is just rich, but they're actually in a serious
- 6:06Speaker 2: debt crisis. Oil had gone down to six hours and
- 6:10Speaker 2: fifty cents during COVID, so they borrowed extensively, but they
- 6:15Speaker 2: did not pay back all right, So now they're like
- 6:19Speaker 2: the rest of the Western you know, Japan, United States, Europe,
- 6:24Speaker 2: et cetera. These people have been borrowing money since World
- 6:33Speaker 2: War Two with no intention of paying anything back. And
- 6:38Speaker 2: what I've warned about is that it's starting to come
- 6:42Speaker 2: to a head that since you don't pay off the
- 6:46Speaker 2: debt and you're constantly rolling it becomes like a Ponzi scheme,
- 6:53Speaker 2: and eventually the cost of rolling it, you know, crowds
- 6:58Speaker 2: out everything else. So you're seeing the interest expenditures in
- 7:02Speaker 2: the United States will exceed military expenditures. So it's it's
- 7:12Speaker 2: not a conspiracy theory, it's just masss suppose that, I mean,
- 7:19Speaker 2: they cannot pay off the debts, and you know, typically
- 7:26Speaker 2: you end up in a situation like there was what
- 7:32Speaker 2: created really the Great Depression, US stock market crash. I mean,
- 7:40Speaker 2: it's you can crash the stock market at best, that
- 7:44Speaker 2: will give you a recession, all right. It's the debt market,
- 7:49Speaker 2: which is the bulk of where money is actually invested,
- 7:54Speaker 2: pension funds, et cetera.
- 7:56Speaker 1: Rights wis.
- 7:59Speaker 2: When you crack the debt market, that's when you get
- 8:04Speaker 2: the real crisis. And in nineteen thirty one, and I
- 8:11Speaker 2: would recommend reading Herbert Hoover's memoirs for nineteen thirty one.
- 8:15Speaker 2: It's free online, and he talks about how capital acted
- 8:19Speaker 2: like a loose cannon on the deck of a ship
- 8:21Speaker 2: in the middle of a hurricane, all right, shooting off
- 8:25Speaker 2: in every which direction so fast they couldn't find out
- 8:28Speaker 2: where it was going next. All of Europe basically defaulted
- 8:32Speaker 2: on his debt permanently, South America, most of Asia. You
- 8:38Speaker 2: can buy a lot of their bonds. They look very
- 8:41Speaker 2: pretty if you want to frame them up off of eBay.
- 8:47Speaker 2: War is the way they get out of it, because
- 8:50Speaker 2: then the government changes, Oh, we're not going to pay
- 8:54Speaker 2: the debts of the last corrupt government, all right, even
- 8:58Speaker 2: the United States and then the Constitution it said that
- 9:04Speaker 2: they would honor the debts of the Continental Congress. They
- 9:08Speaker 2: never did, all right. That defaulted on that too, So
- 9:12Speaker 2: that it's standard. War goes hand in hand with default,
- 9:19Speaker 2: and probably the catalyst that may shock everybody is people
- 9:27Speaker 2: don't understand what I Ran is really doing. Okay, attacking
- 9:38Speaker 2: ships in the golf is one thing. They were attacking,
- 9:42Speaker 2: also refineries. If you UAE just asked the United States
- 9:52Speaker 2: for a swap line, okay, and this is the problem
- 9:59Speaker 2: that you're cutting off their ability to sell oil, then
- 10:04Speaker 2: they can't make their debt payments. Okay. So you have
- 10:09Speaker 2: a sovereign debt crisis in the Middle East that I
- 10:15Speaker 2: would say Iran understands and is deliberately trying to instigate.
- 10:23Speaker 2: I mean, that's their neutron bomb, so to speak, you know,
- 10:30Speaker 2: and Iraq is probably in the worst position. They took
- 10:38Speaker 2: loans from China and signed contracts. If they default, China
- 10:43Speaker 2: takes over their oil and they've China's been doing that
- 10:47Speaker 2: in Africa, many different places. That's their strategy, and they've
- 10:52Speaker 2: done it in Iraq. So the sovereign debt crisis is
- 11:01Speaker 2: probably going to heat up a lot more starting in
- 11:04Speaker 2: twenty seven, and you're going to see country's default using
- 11:12Speaker 2: war as an excuse. This is why the EU needs
- 11:16Speaker 2: war with Russia. They can't pay their debts, and eventually
- 11:23Speaker 2: what will happen is everything's interlaced in Europe. Pension funds
- 11:33Speaker 2: in most states must have government debt, so you go
- 11:40Speaker 2: into default. People are losing their pensions. People don't realize
- 11:45Speaker 2: how all interconnected this really is, and they will be
- 11:51Speaker 2: picking up their pitchforks and storming the parliaments all right
- 11:55Speaker 2: in Europe. So this is why NATO and the EU
- 12:04Speaker 2: they're standing behind Ukraine. Ah, they need the excuse to
- 12:08Speaker 2: go into war with Russia.
- 12:10Speaker 1: So Europe is wanting a world war.
- 12:16Speaker 2: Look, they think maybe the third time is a charm.
- 12:22Speaker 2: I can tell you I've been saying on various podcasts
- 12:26Speaker 2: for the last couple of years. My sources from behind
- 12:32Speaker 2: the scenes have been saying that particularly mcrome, who they
- 12:37Speaker 2: call the Batite Napoleon, has been keeping his eye on Russia,
- 12:45Speaker 2: pushing to descending troops in Ukraine, et cetera, offering to
- 12:50Speaker 2: replace the United States with a nuclear umbrella to protect
- 12:54Speaker 2: your rope. Why Russia has is the richest country in
- 13:01Speaker 2: the world from a natural resource perspective. They have about
- 13:05Speaker 2: seventy five trillion dollars in natural resources still in the ground.
- 13:10Speaker 2: So McCrone thinks that they can conquer Russia using Ukraine
- 13:18Speaker 2: to weaken it, get all the Russian assets, and then
- 13:26Speaker 2: Europe will rise again from the ashes and lead the world.
- 13:31Speaker 2: Seventy five trillion will be twice the size of the
- 13:34Speaker 2: US national debt, and the US will be this fledgling
- 13:39Speaker 2: colony that it should have remained. This is the attitude.
- 13:43Speaker 2: This is also why they call him the petit Napoleon. Now,
- 13:47Speaker 2: people initially were saying, oh, that's a conspiracy theory. Well,
- 13:54Speaker 2: earlier this year NATO came out, the head of NATO,
- 13:58Speaker 2: and what did the roots say. If you think you
- 14:02Speaker 2: can conquer Russia without the United States, you're dreaming. So
- 14:08Speaker 2: he has come out publicly and confirm what I've been
- 14:13Speaker 2: hearing for the last two years.
- 14:16Speaker 1: So you are suggesting that Europe's implosion will be fairy
- 14:21Speaker 1: sudden rather than drawn out.
- 14:25Speaker 2: Yes, I don't see the EU even lasting much beyond
- 14:29Speaker 2: twenty thirty. Actually, you know this is why they went
- 14:34Speaker 2: after you know, Victor in Hungary. But I did a post. Look,
- 14:43Speaker 2: they went they sent in EU people to count the
- 14:47Speaker 2: vote in the Scottish referendum to make sure they didn't separate.
- 14:52Speaker 2: They went after Barcelona and in Italy to me sure
- 15:00Speaker 2: that he because he wanted to separate, to get him
- 15:05Speaker 2: out of out of politics, they interfered in the Romanian
- 15:09Speaker 2: election election to prevent them from leaving. This is their strategy.
- 15:14Speaker 2: They interfere in every election that would go against them.
- 15:22Speaker 2: And now once they got rid of Victor, Ursula actually
- 15:31Speaker 2: stood up and said it's time to change the system
- 15:35Speaker 2: that no single country can block them. To create the
- 15:40Speaker 2: EU to assure people wouldn't become What is doing is
- 15:47Speaker 2: they said it would require a unanimous vote, so no
- 15:52Speaker 2: individual country could be oppressed by another one. She's removing
- 15:57Speaker 2: that because that's what Victor was doing. He was preventing
- 16:03Speaker 2: war with Russia and going into Ukraine.
- 16:08Speaker 1: Then I suppose the segue is obviously the relationship with
- 16:14Speaker 1: multiplarity in bricks. And you've criticized the dedollarization process.
- 16:23Speaker 2: Yes, it was. Look it was set in motion when
- 16:31Speaker 2: Blincoln and Secretary of State removed Russia from Swift Okay,
- 16:39Speaker 2: Once they did that, that was a geopolitical move. That's
- 16:45Speaker 2: what created bricks. Because he had the audacity to even
- 16:50Speaker 2: threaten China that if you help Russia in this war
- 16:55Speaker 2: with Ukraine, will do the same to you. That's what
- 16:57Speaker 2: I mean. These people do not think be on the
- 17:00Speaker 2: end of their nose. These things were all powerful, therefore
- 17:04Speaker 2: we always win. Not true, okay, but most of the people, fairly,
- 17:15Speaker 2: they just listen to the propaganda. Oh, the Petro Dour. Look,
- 17:23Speaker 2: that was a conspiracy theory they floated in nineteen seventy
- 17:27Speaker 2: four because when Brenton Woods broke and the doer went
- 17:33Speaker 2: up and set it down, they said, oh, well, now
- 17:36Speaker 2: it's backed by oil not gold. It was all bullshit too, okay.
- 17:42Speaker 2: If you just google it up, what percent of the
- 17:46Speaker 2: world economy is energy, It's less than ten percent. What's
- 17:52Speaker 2: the real backing of the Dour? It's the US has
- 17:56Speaker 2: the largest consumer based economy, So Germany's got to sell
- 18:01Speaker 2: US Mercedes and it's BMW's in dours, okay. Japan's gotta
- 18:07Speaker 2: sell us Toyotas in dollars. On top of that, the
- 18:15Speaker 2: United States is the financial capital Britain was before World
- 18:20Speaker 2: War One. You can go on eBay and you'll see it.
- 18:24Speaker 2: Even China issued bonds and British pounds, okay, because that's
- 18:29Speaker 2: where you had to go to raise money. Today it's
- 18:32Speaker 2: New York, so all the emerging markets, they issue debt
- 18:38Speaker 2: in dollars. China warned all the provinces do not borrow
- 18:43Speaker 2: in dollars. They did. That became a debt crisis over there.
- 18:48Speaker 2: All right. It's basically it's got nothing to do with
- 18:55Speaker 2: swift or anything else. It's the US is the largest
- 19:02Speaker 2: consumer economy that everybody's got to sell into, the same
- 19:06Speaker 2: as Rome. Okay, it became more beneficial to be part
- 19:12Speaker 2: of the Roman Empire because you got to sell things
- 19:16Speaker 2: from London to you know, to Syria. It was more
- 19:21Speaker 2: like a common market. That was the benefit of remaining inside.
- 19:28Speaker 2: So it's the world economy that really is the backing
- 19:32Speaker 2: of a currency. It's not gold, oil, uh, you know,
- 19:37Speaker 2: anything else you can have. I mean, Russia's got is
- 19:41Speaker 2: the richest country in the world. The why isn't the
- 19:43Speaker 2: rubled's reserve currency. Saudi Arabia has got all the oil.
- 19:48Speaker 2: Why aren't they the reserve currency? All right, they don't
- 19:51Speaker 2: have the economies. You got to sell your stuff. That's
- 19:57Speaker 2: that's what makes the economy and the dour basically the
- 20:01Speaker 2: place where you have to go for now, that's going
- 20:04Speaker 2: to change, I mean, after twenty thirty two will probably
- 20:08Speaker 2: move to China, but for now it's the dollar.
- 20:13Speaker 1: Interesting enough, you've also suggested that the pound might break
- 20:17Speaker 1: parity by around twenty twenty seven. What do you mean
- 20:20Speaker 1: by that?
- 20:23Speaker 2: Basically, you have Starmer has been a complete disaster economically,
- 20:34Speaker 2: and even Europe. If you look at the GDP growth
- 20:39Speaker 2: of the EU, it's one point five percent, It's nearly
- 20:46Speaker 2: half out of the United States. Look at it from
- 20:52Speaker 2: another perspective, add up the cost of government as a
- 20:56Speaker 2: percent of GDP Europe is virtually fifty So every euro
- 21:06Speaker 2: that's created fifty percent of it goes to bureaucrats. In
- 21:10Speaker 2: the United States is thirty five. The larger the government gets. Okay,
- 21:17Speaker 2: it's kind of like you hire a maid to take
- 21:19Speaker 2: care of your house. She doesn't bring in income, all right,
- 21:25Speaker 2: she costs you something. That's why they call them public servants,
- 21:30Speaker 2: because they produce nothing but red tape regulation and they
- 21:36Speaker 2: lower the economic growth of any country.
- 21:40Speaker 1: When you speak about Europe, though, just for clarity, do
- 21:42Speaker 1: you include the UK.
- 21:46Speaker 2: Generally? Yes, but the EUS got its own problems. I mean,
- 21:54Speaker 2: as you know, I was friends with Margaret Thatcher, and
- 22:00Speaker 2: back then I could talk to heads of state. They
- 22:05Speaker 2: were intelligent I don't know any of them today that
- 22:10Speaker 2: I want to have sit down and have a drink with.
- 22:15Speaker 2: But Maggie knew. She even said the whole idea of
- 22:19Speaker 2: the Euro, and they staged a coup against her to
- 22:23Speaker 2: push her out because they wanted it. They thought, oh,
- 22:26Speaker 2: the Euro was going to be this great thing. They
- 22:29Speaker 2: wanted to surrender the pound, all right, and they stuck
- 22:37Speaker 2: Major stuck the pound in the ERM preparing to go
- 22:41Speaker 2: to the Euro. And that's when Soro's attacked it because
- 22:45Speaker 2: he overvalued it all right, to make Britain look strong,
- 22:50Speaker 2: so overvalued against the Deutsche Mark. Because I had advised
- 22:57Speaker 2: Satchert not to do it. I got called when the
- 23:03Speaker 2: pound was getting attacked and I said, look, you overvalue.
- 23:07Speaker 2: You got to devalue the pound. I was told John
- 23:13Speaker 2: Major promised during the election not to devalue the pound.
- 23:21Speaker 2: So I swear to God what I told him was this.
- 23:24Speaker 2: I said, okay, fine, I know how politics works. Say
- 23:30Speaker 2: you're going to allow the pound to float to seek
- 23:33Speaker 2: its own level. It's the same thing, but you didn't
- 23:38Speaker 2: declare it. Okay, So this is the problem that Britain is.
- 23:47Speaker 2: You have this starmer insanity about the economy. You cannot
- 23:56Speaker 2: possibly have social justice economic efficiency at the same time.
- 24:06Speaker 2: You know, it's physically impossible. So they're following the same
- 24:13Speaker 2: path as Russia and China did and communism collapsed.
- 24:20Speaker 1: But basically Europe needs award, doesn't it doesn't necessarily want it.
- 24:26Speaker 2: Oh, it needs it. They this is the problem. Same thing.
- 24:31Speaker 2: You look at Iran Israel, Net and Yahoo's up for election.
- 24:41Speaker 2: He needs a victory otherwise he's going to be voted out,
- 24:45Speaker 2: so they basically go with this. You don't change horses
- 24:51Speaker 2: in the middle of a stream, all right, So as
- 24:54Speaker 2: long as you're in war, you will win. And that's
- 24:57Speaker 2: what these people have always bank their political you know,
- 25:03Speaker 2: theories on it. So the problem we have with the
- 25:08Speaker 2: Iran war is the same thing. You know, Trump's got
- 25:15Speaker 2: trapped in it by Net and Yahoo. He's been trying
- 25:19Speaker 2: to get the hell out of it, but he's got
- 25:24Speaker 2: midterm elections coming up and he's making a mess of it.
- 25:32Speaker 2: So it's it's all about retaining power. And that's what
- 25:40Speaker 2: really is that at stake in any political election.
- 25:46Speaker 1: Your war cycle model called twenty twenty three is the
- 25:51Speaker 1: start of aggression and six as a pendic cycle and yeah,
- 25:57Speaker 1: we are.
- 25:58Speaker 2: It's probably going to escalate more towards the UH from
- 26:02Speaker 2: June on, I think. And the computer's been forecasting basically
- 26:10Speaker 2: world War three, but different from the sense of World
- 26:14Speaker 2: War one er two. And it's showing that we're looking
- 26:19Speaker 2: at confrontations around the world, not necessarily one single entity
- 26:26Speaker 2: that we're fighting. So you're seeing China versus Taiwan, North
- 26:33Speaker 2: Korea versus to South Thailand versus Cambodia, UH, Pakistan versus
- 26:41Speaker 2: you know, India and Afghanistan. It's it's all over, uh, everywhere, UH.
- 26:51Speaker 2: And a lot of it has got Like take Iran
- 26:57Speaker 2: for example, it's Netanya who's been saying they're developing nuclear
- 27:10Speaker 2: weapons and they'll have it in two weeks. And he's
- 27:13Speaker 2: been saying that since two thousand and three. Okay, he's
- 27:18Speaker 2: testified before Congress swore that Netanya who he swore that
- 27:27Speaker 2: Satim Hussein had weapons of mass destruction and we've got
- 27:31Speaker 2: to stop them immediately. It's always the same story with him.
- 27:40Speaker 2: You look at Zelensky, it's the same thing. I've got
- 27:43Speaker 2: videos of Zolensky before he was president, standing on stage
- 27:49Speaker 2: as a comedian talking about confiscating the assets of Russians
- 27:55Speaker 2: and Jews. All right, he married a Christian girl, his
- 28:01Speaker 2: children are baptized, all right. Only when he became president
- 28:08Speaker 2: did he suddenly say, oh, I'm Jewish. Why to deflect
- 28:13Speaker 2: the fact that he was hanging out with basically all
- 28:17Speaker 2: the neo Nazis pretending to be Christian like sorrows same thing. Okay,
- 28:26Speaker 2: you know he Zelenski doesn't care about Ukraine. He just
- 28:33Speaker 2: hates Russians. We've had two employees there, one in Kiev
- 28:38Speaker 2: and one in dun Esku. It wouldn't even talk to
- 28:40Speaker 2: each other, all right. With net Yahoo, it's just personal
- 28:48Speaker 2: hatred of Iran. So it's sound like, you know, playing
- 28:53Speaker 2: Monopoly or something. I'll give you park plays for a boardwalk.
- 28:56Speaker 2: You know, this is just personal hatred.
- 29:02Speaker 1: Now, you were talking about Trump earlier. Do you think
- 29:05Speaker 1: the neo cons might attempt to assassinate him or even vance?
- 29:14Speaker 2: No, I think they did initially, but he's doing what
- 29:21Speaker 2: they want. At this stage in the game, They're going
- 29:28Speaker 2: to have a real problem because what Netna who has
- 29:33Speaker 2: done is this is the first time the majority of
- 29:39Speaker 2: both the Democrats on Capitol Hill and the people are
- 29:44Speaker 2: anti Israel. He's lost the support of Israel in the
- 29:50Speaker 2: United States, whereas before they walked on water, now they don't.
- 29:56Speaker 1: Would you say there's a relationship between the Near Contons,
- 30:03Speaker 1: the World Economic Forum, the deep State?
- 30:10Speaker 2: Yeah, I mean, look, the deep state is basically unelected
- 30:14Speaker 2: people that want to run foreign policy everything. I mean,
- 30:20Speaker 2: that's why I said in ninety nine, that's where I
- 30:23Speaker 2: draw the line. They are the ones that picked Bush's cabinet.
- 30:30Speaker 2: They're the ones that's stuck in Cheney. I was even
- 30:33Speaker 2: asked to be Chief Economic Advisor. I declined. And ever since,
- 30:43Speaker 2: if you look at every administration, Clinton's, Obama, Obama wanted
- 30:50Speaker 2: to go into Syria, it's always the same story. You
- 30:56Speaker 2: had Bill Crystal, who I knew. You know, he was
- 31:02Speaker 2: so anti Trump that his magazine Weekly Standard collapsed, all right,
- 31:08Speaker 2: because he was anti Trump because he's a Neocon. His
- 31:11Speaker 2: father started it. And Trump back then was talking about peace,
- 31:17Speaker 2: anti war, et cetera. I think they used net and
- 31:21Speaker 2: Yahoo to get him in with this Iran war, and
- 31:28Speaker 2: they told him it was the same thing as Venezuela.
- 31:32Speaker 2: We take out we kill the Ayatola day one, and
- 31:35Speaker 2: the government will collapse and you win in an hour.
- 31:40Speaker 2: And I think that's why he went in. I do
- 31:45Speaker 2: not think he expected where we're at, and now he
- 31:50Speaker 2: can't get out.
- 31:51Speaker 1: Yeah. So do you think Trump has made a mistake, oh,
- 31:55Speaker 1: eral judgment?
- 31:56Speaker 2: Yes?
- 31:58Speaker 1: Do you think he knows it?
- 32:00Speaker 2: Yes? I think he does. Now. Look, he tried to
- 32:05Speaker 2: do his these five you know, and he didn't even
- 32:09Speaker 2: bring net Yahoo to the table. There's a debate in
- 32:18Speaker 2: the United States. People are very upset the fact that
- 32:22Speaker 2: net Yahoo went into the situation room. No foreign head
- 32:26Speaker 2: of state has ever gone in there to pitch a war. Ever,
- 32:33Speaker 2: they won't. You know. Trump has tried to play down
- 32:37Speaker 2: said no, it was my decision because he doesn't want
- 32:40Speaker 2: to admit publicly that he was manipulated by net Yahu.
- 32:44Speaker 2: And like to people in the CIA have even said
- 32:49Speaker 2: you cannot trust Israeli intelligence. It's always skewed to their favor.
- 32:56Speaker 1: Is Trump smart or is he just a blocket?
- 33:06Speaker 2: He is smart, But I think he has a character flaw,
- 33:11Speaker 2: and that is that because he was always I think belittled.
- 33:21Speaker 2: Oh you're not saying it was daddy's money, that sort
- 33:24Speaker 2: of thing. I think that's why he wanted to become president,
- 33:27Speaker 2: to say I did this, not daddy, but and I
- 33:33Speaker 2: think what the neocons are doing is that knowing once
- 33:40Speaker 2: they got him in, he doesn't like to admit that
- 33:43Speaker 2: he made a mistake, and he always feels that he
- 33:48Speaker 2: has to win. So I think as part of the
- 33:53Speaker 2: background and a character issue that they're using against them,
- 33:57Speaker 2: That's what I can see.
- 34:00Speaker 1: You also speak about gold, and you mentioned it earlier
- 34:03Speaker 1: and right now would you say that we're in a
- 34:08Speaker 1: traditional bull market or in a panic mode.
- 34:12Speaker 2: Or what now? We're still in the long term bull market.
- 34:16Speaker 2: I mean the computer, you know, I stood up and said, look,
- 34:21Speaker 2: we're gonna go will go down for a couple of
- 34:24Speaker 2: months into April, and the computer is absolutely correct. People
- 34:30Speaker 2: have to understand that they were or why is gold
- 34:35Speaker 2: going down in the middle of war when from a
- 34:41Speaker 2: couple of things, One, Russia was selling gold because it's
- 34:45Speaker 2: sanctions and needing cash, all right. Two we have offices
- 34:51Speaker 2: in UAE, I can tell you because I don't think
- 34:57Speaker 2: it ever made the news, but with Iran actually sent
- 35:06Speaker 2: more missiles and drones against UAE than they did you
- 35:09Speaker 2: with Israel. Why Because Dubai basically has become the replaced Switzerland.
- 35:21Speaker 2: That's where all the money was moving to. All right,
- 35:26Speaker 2: they attacked the AI systems there a project and most
- 35:34Speaker 2: people do not realize, but Amazon open AI, they're all there. Okay.
- 35:43Speaker 2: When they attacked it, the banking system in UAE went
- 35:49Speaker 2: down for seven days. My staff, you know, I couldn't
- 35:55Speaker 2: even get the money. All right, this was the problem, right,
- 36:00Speaker 2: And most people also don't realize if I ran really
- 36:09Speaker 2: was at the stage of completely capitulating. If I were them,
- 36:17Speaker 2: I would take the underground. The cables that go in
- 36:22Speaker 2: in the straits are harmoose. Down with me. Most people
- 36:27Speaker 2: don't realize. But the Internet banking system, all the cables
- 36:32Speaker 2: connecting east and west go through the straits are harmose.
- 36:37Speaker 2: They lie right there on the bottom. I would have
- 36:41Speaker 2: sent in divers and I would have planted bombs there.
- 36:47Speaker 2: And okay, this is really what you want, boom, You know,
- 36:53Speaker 2: if they have a lot more capability than people suspect,
- 37:03Speaker 2: I would say, with the uranium that they do have,
- 37:09Speaker 2: if they couldn't send a nuclear bomb per se, they
- 37:17Speaker 2: certainly could do you know, dirty bombs. Put it in
- 37:23Speaker 2: a container like a briefcase or whatever, and take it
- 37:25Speaker 2: over to televivive and push the button. So I mean,
- 37:30Speaker 2: there's a lot more that, and we have to respect
- 37:36Speaker 2: the problem here is that Netanyahu his objective regime change.
- 37:45Speaker 2: So you're talking about not a negotiated settlement per se,
- 37:53Speaker 2: all right, you do this, I'll do that. He wants
- 37:57Speaker 2: the death penalty. When you're talking about complete capitulation, the
- 38:05Speaker 2: death of a Islamic republic, that government. Everything's on the table.
- 38:13Speaker 1: Gold dollar, US stocks all rising together as what you
- 38:20Speaker 1: point out as a key signal. And I think you've
- 38:24Speaker 1: also noted that most people think that a strong dollar
- 38:27Speaker 1: is bad for gold.
- 38:29Speaker 2: It's capital flows. People don't understand this, they really don't,
- 38:35Speaker 2: and neither most people in government. That's why I end
- 38:38Speaker 2: up getting called in a lot. But if you look
- 38:43Speaker 2: at the United States, JP Morgan had to bail out
- 38:48Speaker 2: the US treasure as virtually bankrupt in eighteen ninety six.
- 38:53Speaker 2: It was World War one and two that made the
- 38:57Speaker 2: United States the financial capital of the world. As Europe
- 39:02Speaker 2: is blowing itself up, all the capital fled to the
- 39:06Speaker 2: United States. People don't understand even what nineteen twenty nine
- 39:12Speaker 2: was about. It's the same thing as Tokyo nineteen eighty nine.
- 39:17Speaker 2: All right. It's capital concentration, all right, So you have
- 39:24Speaker 2: excess capital coming from all these countries into the United States.
- 39:30Speaker 2: That's what made nineteen twenty nine so big, all right.
- 39:36Speaker 2: It's different from a normalable market that was Tokyo. The
- 39:41Speaker 2: same problem. All the capital was rushing into Tokyo. The
- 39:45Speaker 2: yen was going up with the stock market, et cetera.
- 39:50Speaker 2: So a foreigner is going to make money when the
- 39:55Speaker 2: currency's rising and the investment's rising. If the investment doubles
- 40:01Speaker 2: in price but the currency drops fifty percent, you didn't
- 40:05Speaker 2: make any money. You know. We have to look at
- 40:10Speaker 2: this from an international perspective. Okay, So why does the
- 40:15Speaker 2: dour go up, gold go up, and the stock market
- 40:19Speaker 2: That is capital concentration. That happens because everybody else is
- 40:24Speaker 2: blowing themselves up. All right. You got to put your
- 40:28Speaker 2: money someplace, you know, during World War one and two,
- 40:32Speaker 2: you got tanks running down the street blowing up banks.
- 40:35Speaker 2: You really want to leave your money there, you move it,
- 40:40Speaker 2: all right. So some people buy gold, some people buy stocks.
- 40:45Speaker 2: Institutions that will tend to buy more on the stock side.
- 40:52Speaker 2: So just look at the bull market, all right. The
- 40:57Speaker 2: Dow was leading when the down leads. That's the big
- 41:02Speaker 2: international capital. Okay. They don't buy the startups and stuff
- 41:08Speaker 2: like that. That's retail, all right. So when the Nasdaq
- 41:13Speaker 2: then starts going and people say, oh, it's sock market's
- 41:17Speaker 2: going to crash eighty percent, they don't know the first
- 41:21Speaker 2: thing about anything. All right. If the sock market's going
- 41:27Speaker 2: to crash eighty percent, then that means you're going to
- 41:32Speaker 2: buy government bonds and the governments are in trouble at
- 41:38Speaker 2: this point. Come on, you know this isn't You can't
- 41:42Speaker 2: pull out the charts from twenty nine and say the
- 41:45Speaker 2: same thing is going to happen. You don't know what
- 41:48Speaker 2: facts made that development. Okay, So when capital is concentrating,
- 41:57Speaker 2: because in the war with Europe, et cetera, the smart
- 42:03Speaker 2: money has been leaving. We have a lot of clients
- 42:09Speaker 2: in Europe, major institutions, we told them, and so you
- 42:16Speaker 2: saw a lot of them moving their gold from London
- 42:20Speaker 2: and Switzerland to New York and Singapore. Why simply because
- 42:26Speaker 2: Europe goes into war, you get capital controls. You'll never
- 42:31Speaker 2: get it out.
- 42:33Speaker 1: How does cbdc's being approved, which and you've referred to
- 42:42Speaker 1: it as a digital gooleg how does that influence the
- 42:45Speaker 1: collapse of Europe? I mean, how quickly does this all roll.
- 42:49Speaker 2: Out, largely because, first of all, constitutionally, it cannot be
- 42:55Speaker 2: done in the United States. So that's why you see
- 42:59Speaker 2: stable coins. Individual banks can issue a stable coin backed
- 43:06Speaker 2: by US Treasury bonds. That's the same scheme that Abraham
- 43:12Speaker 2: Lincoln did to fund the Civil Wars back then, a
- 43:15Speaker 2: bank was allowed to issue currency against the bonds that
- 43:18Speaker 2: it held. The FED cannot and has come out even
- 43:22Speaker 2: publicly and said they cannot do a CBDC. Why because
- 43:31Speaker 2: they would need a search warrant to look at your account,
- 43:36Speaker 2: all right. Europe doesn't have that problem. Europe is a
- 43:44Speaker 2: Marxist you know, Wonderland basically, I mean part of the
- 43:50Speaker 2: reason the dollars also the reserve currency. Seventy percent of
- 43:57Speaker 2: the paper dollars are held outside the United States. Why,
- 44:02Speaker 2: because everybody knows. The United States has never canceled its
- 44:06Speaker 2: paper currency. Europe routinely does. Even the UK. You got
- 44:13Speaker 2: an old twenty pound note, you know, you go to
- 44:19Speaker 2: a currency, Oh sorry, we can't do that, it's no
- 44:22Speaker 2: longer valid. You got to go to the central bank.
- 44:26Speaker 2: Europe routinely cancels its currency. Why if you had a
- 44:32Speaker 2: couple hundred thousand euros in your safety deposit box. They
- 44:35Speaker 2: cancel that currency and say here, we got the new ones.
- 44:38Speaker 2: Even Switzerland does this. You can google it and see
- 44:41Speaker 2: all the new notes versus the old ones. All right,
- 44:44Speaker 2: it forces you to bring that money to out. Okay,
- 44:49Speaker 2: I got a couple hundred thousand and the old ones.
- 44:53Speaker 2: Give me the new ones. Oh where'd you get this?
- 44:57Speaker 2: Did you pay taxes? Can you prove you pay tax
- 45:00Speaker 2: is on this? This is how they do it, you know.
- 45:04Speaker 2: So Europe is trying to move to a CBDC for
- 45:07Speaker 2: two reasons. One, so they don't have to cancel the
- 45:11Speaker 2: currency anymore, and they want every penny they can get
- 45:16Speaker 2: their hands on. And secondly, it's it is a gulag.
- 45:23Speaker 2: It's the ultimate means of preventing capital flight. The whole
- 45:32Speaker 2: reason bitcoin became popular was because of China. The Chinese
- 45:41Speaker 2: figured that they could buy bitcoin in China, sell it
- 45:44Speaker 2: in New York and they got their money out. It
- 45:47Speaker 2: didn't go through the banks. Eventually, you're gonna look this
- 45:52Speaker 2: up to the central Bank called in all the bitcoin
- 45:58Speaker 2: people when they realized it was being used to circumvent regulations.
- 46:04Speaker 2: That's why the cryptos have been a favorite of money laundering.
- 46:12Speaker 2: A lot of the big volume has been largely just
- 46:15Speaker 2: money laundering, moving it from one place to another to
- 46:18Speaker 2: circumvent the central banks. But Europe is looking to do
- 46:22Speaker 2: this as soon as possible. Once they do it, you're
- 46:30Speaker 2: probably going to see the war afterwards, because they want
- 46:33Speaker 2: to prevent money from fleeing.
- 46:36Speaker 1: And that'll include banning gold and bitcoin.
- 46:40Speaker 2: They have done that before. They banned silver. They banned gold.
- 46:45Speaker 2: You couldn't buy it. During World War Two. A lot
- 46:49Speaker 2: of the Europeans, what they were doing were buying gold
- 46:53Speaker 2: stocks in New York because they couldn't buy gold. So,
- 47:00Speaker 2: I mean, the capital always finds a way around around
- 47:04Speaker 2: the you know, the red light. Let me go this
- 47:06Speaker 2: corner of that corner, you know, to circumvent it.
- 47:10Speaker 1: Meanwhile, there's a dragon that's sleeping.
- 47:14Speaker 2: Yes. Look, we have offices in China. H When we
- 47:27Speaker 2: were opening there, the guy that was running our office
- 47:33Speaker 2: there was called in by the head of security for China.
- 47:38Speaker 2: We were all kind of, you know, like, oh my god,
- 47:40Speaker 2: what's going on. He probably, you know, needed some diapers
- 47:46Speaker 2: at that point. You know, he got there and met
- 47:51Speaker 2: with the actual head. So it wasn't just some bureaucrat.
- 47:56Speaker 2: He got there and they said, so, you know mister Armstrong, Yes,
- 48:04Speaker 2: so what does he say about China? You know, back
- 48:12Speaker 2: in ninety seven when there was the Asian currency crisis,
- 48:19Speaker 2: I was the first person from the West to be
- 48:22Speaker 2: called in and you know, by the Bank of China.
- 48:25Speaker 2: I went and met because I wanted to go. You know,
- 48:27Speaker 2: I thought I would have to listen to a bunch
- 48:29Speaker 2: of bureaucrats. I went because I wanted to go see
- 48:33Speaker 2: the Great Wall. So I thought, okay, fine, I'm going
- 48:36Speaker 2: to have to listen to some bureaucrats, but I get
- 48:39Speaker 2: to go see things that I wouldn't otherwise be allowed to.
- 48:45Speaker 2: I got there and then I understood why they called me.
- 48:50Speaker 2: And rather than somebody from Harvard, they were all traders.
- 48:55Speaker 2: China had sent these people out and they worked on
- 48:59Speaker 2: the dealing day of New York, Tokyo, and London, and
- 49:02Speaker 2: then went back to run the Central bank. And actually,
- 49:10Speaker 2: when I got back, people from the FED and the
- 49:12Speaker 2: US Treasury called, gee, what was it like. You're the
- 49:15Speaker 2: first person to go there. And I took the knife,
- 49:18Speaker 2: stuck it in their back and I turned it. I said,
- 49:20Speaker 2: very interesting. They only hire people with experience. China has
- 49:30Speaker 2: looked at the United States, and they've looked at Europe.
- 49:35Speaker 2: They see Europe as nothing more than another Marxist regime
- 49:39Speaker 2: that failed. They looked at the United States and they
- 49:43Speaker 2: understood what makes the United States the reserve currency, the
- 49:48Speaker 2: consumer based economy. As I said, so what is China
- 49:54Speaker 2: doing re establishing the sink, you know, the soilk Road.
- 49:59Speaker 2: They are trying to build a consumer based economy. They're
- 50:05Speaker 2: in everywhere from Iraq to South America, and they're doing
- 50:12Speaker 2: it quietly while US is bombing the hell out of everybody.
- 50:17Speaker 2: They're over there offering money. Okay, here's a contract, and
- 50:22Speaker 2: that's why our computer does show that they will become
- 50:26Speaker 2: the financial capital of the world after twenty thirty two.
- 50:30Speaker 2: What does that mean though US will most likely break up.
- 50:35Speaker 2: You're seeing that not just the US. You're looking at Canada, Europe. Look,
- 50:45Speaker 2: the reason Russia collapse and China is a centralized government
- 50:53Speaker 2: which becomes dictorial historically always fails. All right, I was
- 51:01Speaker 2: just up in Canada. I did a speaking engagement in
- 51:06Speaker 2: Alberta and then over to BC. You're looking at the
- 51:12Speaker 2: West splitting from the East, unquestionable. All right, Alberta is
- 51:21Speaker 2: the most productive province. The East is all Marxists and
- 51:31Speaker 2: exploits Alberta for the money. They are so highly regulated.
- 51:40Speaker 2: If you're a lawyer and you've got a degree in
- 51:43Speaker 2: Nova Scotia, you can't practice in Newfoundland. We're in the
- 51:48Speaker 2: United States, you can, all right. Each province acts as
- 51:53Speaker 2: if it's got protective orders, tariffs. It thinks of this nature.
- 52:01Speaker 2: Each one is trying to, you know, is very Marxist
- 52:05Speaker 2: in that sense. The ultimate example, and carniis basically destroying Canada.
- 52:17Speaker 2: All right. But here you have alberta major producer in oil,
- 52:25Speaker 2: et cetera. Because of the woke climate change agenda, there's
- 52:35Speaker 2: no pipelines from Alberta to the East. So the East
- 52:41Speaker 2: actually has to import oil like Europe because they can't
- 52:46Speaker 2: even get it from the west. This is how insane
- 52:50Speaker 2: everything's becoming. Europe is very divided, same as the United States,
- 52:58Speaker 2: left versus right. Their fight over each other, back and forth. Oh,
- 53:02Speaker 2: you're wrong, I'm right. This it's it's that's what you
- 53:09Speaker 2: saw in Rome during the third century, once they started
- 53:15Speaker 2: fighting amongst each other. All right. There were nineteen emperors
- 53:21Speaker 2: between twenty thirty five, all right, and twenty sixty and
- 53:31Speaker 2: that internal conflict, all right, is why Persia decided to
- 53:38Speaker 2: invade and then the Celts. Once you have a country
- 53:44Speaker 2: that's no longer unified and fighting amongst each other, they
- 53:49Speaker 2: tried to go in when Russia was going through the
- 53:53Speaker 2: Russian you know revolution, United States and others were there
- 53:58Speaker 2: trying to support in divide. You know, it's a civil war.
- 54:02Speaker 2: Now it's our shot to get a piece of the action. Uh,
- 54:07Speaker 2: this is standard. So I mean, all you're gonna do
- 54:13Speaker 2: is pick up a history book and you'll see.
- 54:16Speaker 1: Where do we fitt in? Where does Africa fitt in?
- 54:21Speaker 2: Uh? Largely you're looking at the north blowing itself up. Okay,
- 54:29Speaker 2: so Africa and South America will rise from you know, yeah,
- 54:38Speaker 2: pretty much. Yeah. But I mean, you know, everything that
- 54:47Speaker 2: made Europe so great has been destroyed with regulations and
- 54:54Speaker 2: all this crazy stuff in the United States is going
- 54:57Speaker 2: into the same you know direction. Uh, and you had
- 55:04Speaker 2: you know, California. Because Trump's elected, we want to separate.
- 55:08Speaker 2: So in other words, if you don't approve of the president,
- 55:12Speaker 2: then you want to separate. I mean, this is pretty
- 55:17Speaker 2: much the end of the American Empire.
- 55:21Speaker 1: As we've known it and the West.
- 55:25Speaker 2: In the Yes, this is what the computers showing. It's uh.
- 55:29Speaker 2: Europe will not win this war against Russia. Napoleon and
- 55:37Speaker 2: Hitler both lost because they had too many fronts. I've
- 55:45Speaker 2: worn them. I said what I would do on the
- 55:47Speaker 2: opposite side, tie your ass up in Iran, make you
- 55:53Speaker 2: bleed you to death with all your use, all your missiles,
- 55:56Speaker 2: et cetera, as we were doing with Ukraine against Russia.
- 56:02Speaker 2: All right, then Russia goes in completely takes Ukraine, which
- 56:12Speaker 2: they've never tried. They were only going after Dombas, trying
- 56:17Speaker 2: to take Taiwan. North Korea goes into the South, and
- 56:20Speaker 2: what are you going to do? Can you fight that
- 56:23Speaker 2: many wars on that many fronts? Can't? So, I mean,
- 56:30Speaker 2: if you really want to mess around, it's not so
- 56:35Speaker 2: hard because these neocons don't think past the end of
- 56:40Speaker 2: their nose. All they care about is a single war
- 56:45Speaker 2: and they have no strategy. Just like I said with Iraq,
- 56:51Speaker 2: or we just got to remove Saddam, what afterwards We'll
- 56:56Speaker 2: worry about that later. There's no strategy.
- 57:03Speaker 1: Famous Afghanistan.
- 57:05Speaker 2: Yes, absolutely, they've lost every single one because they're arrogance.
- 57:13Speaker 2: Is we are the biggest military. Therefore we automatically win.
- 57:17Speaker 2: And they have not proven that to be correct even once.
- 57:23Speaker 1: How how can they be turned around? I mean, Kenneth,
- 57:30Speaker 1: I don't think so.
- 57:35Speaker 2: But a lot of the people are now beginning to
- 57:37Speaker 2: realize that the biggest problem we have are these forms
- 57:44Speaker 2: of republican governments. They're the worst. I'm hoping more that
- 57:51Speaker 2: we go to a direct democracy where we are asked
- 57:58Speaker 2: the question, shall we go to war with Iran? Yes
- 58:01Speaker 2: or no? All right, nobody asks us about anything. Vietnam
- 58:11Speaker 2: eighteen old enough to get drafted. You weren't old enough
- 58:15Speaker 2: to even have a drink. That was twenty one, and
- 58:19Speaker 2: that's when you had to be twenty one to vote.
- 58:22Speaker 2: But that's democracy, that's tyranny. That's not democracy, all right.
- 58:28Speaker 2: Take Europe. It was deliberately designed to prevent democracy. Ursula.
- 58:38Speaker 2: She's appointed by the heads of the states, not even
- 58:42Speaker 2: voted in parliament. She's never stood for an election, not
- 58:47Speaker 2: even a dog catcher. I mean, she's just a dictator.
- 58:52Speaker 2: And she has the audacity to call putin the dictator
- 58:56Speaker 2: or victor. They at least stood for an election. She
- 59:00Speaker 2: never has. This is what people, I think more and
- 59:07Speaker 2: more people are going to see this and what our
- 59:11Speaker 2: computer's showing is post twenty thirty two. This is the
- 59:17Speaker 2: end of republics and hopefully we go to an actual
- 59:21Speaker 2: democracy closer to Switzerland in the sense that at least
- 59:25Speaker 2: they have a referendum shall we do this, yes or no?
- 59:30Speaker 2: And the people actually vote. We're not, you know, we're
- 59:34Speaker 2: just the dirt beneath their feet, basically, we're you know,
- 59:43Speaker 2: we're just you know, basically economic slaves. Here's a gun,
- 59:47Speaker 2: go kill somebody, and that's it, and you know, there's
- 59:56Speaker 2: just you know, it's time for a change. And that's
- 1:00:00Speaker 2: what I think. The more this gets to be understood,
- 1:00:06Speaker 2: the more that you know, these crazy wars keep going
- 1:00:09Speaker 2: and this Iron Iran war is a complete disaster, all right,
- 1:00:18Speaker 2: and as that comes to the surface, all right, more
- 1:00:24Speaker 2: and more people are going to demand political change globally.
- 1:00:28Speaker 2: I mean, that's where we're going.
- 1:00:30Speaker 1: Martin. How can my audience follow your work and your insights.
- 1:00:37Speaker 2: You can go to Armstrong Economics dot com. We try
- 1:00:41Speaker 2: to keep it open. We're not actually blocked anywhere, and
- 1:00:47Speaker 2: we can get it in China as well as in Russia.
- 1:00:52Speaker 2: We don't sell advertising, and you don't have to put
- 1:00:55Speaker 2: in your email or anything. It's it's completely open source modern.
- 1:01:01Speaker 1: I'm strong. Thank you for joining me in the trenches.