Latest / Man in America Podcast / Martin Armstrong: The Central Banks are in TROUBLE—is CBDC Slavery Their Only Hope?

Transcript

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

• 0:13
  Speaker 1: 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 it seems like it's just gotten more and more difficult to make sense of everything. Everything has become fragmented and and is just kinda burst into a million pieces. Even the the so called MAGA movement, which, you know, back around the election or, you know, let alone, you know, 2020 seemed so united.
• 0:43
  I'm seeing this movement is being splintered into a thousand different pieces. There's, like, the there's I I wouldn't get into it, but I it's just that it's so difficult to try to make sense of what's going on. And then you start bringing in the Middle East and Israel and Iran and Europe and the the banking system. And I find that when you try to piece all these things together, they don't fit, or at least it's not a puzzle that I can understand. And so joining us today is Martin Armstrong, someone that has really built his entire career off of looking at these puzzle pieces and seeing exactly where they fit in.
• 1:21
  But what's interesting is that he has a unique tool. It's the ability to understand and analyze the currency flow. And that's what we'll get into this this discussion today, how you can look at what's happening in the world and understand so much of why things are happening just through looking at the flow of currency. But you can't just under it's not just you understand what's currently happening. You can understand what's coming next.
• 1:47
  And that's what's really made a name for, you know, for Martin Armstrong is his ability to predict what comes next by looking at currency patterns, look at the rise and fall, looking back into history and seeing what are the cycles that we've been seeing, and where are we at in these cycles, and what's coming next. So if you're not familiar with Martin Armstrong, I highly recommend you go look him up and watch some other interviews with him to give you more background. But he's he really, really is an absolute 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, world leaders, you know, speaking at the BIS conferences. So he has a pretty unique perspective on global affairs.
• 2:29
  And in this interview, he'll be sharing a lot of that perspective and understanding how to make sense of this absolutely insane world around us. So enjoy the interview with Martin Armstrong. So you've heard me talk about macrobiotic seasonal eating, how aligning your diet with the seasons and eating real local food can transform your health. But what do you do when your body's out of balance? That is where sweet wheat comes in.
• 2:53
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• 3:44
  And if you wanna dive deeper into this topic and understand how sweet wheat supports macrobiotic principles, go watch my recent full interview with the Brightcore founder, Kim Bright. It'll change the way you think about your food. Just click the link below to check it out. Mister Armstrong, it's always an honor to have you on the show. Thank you so much for making time for us today.
• 4:04
  Speaker 2: Always a pleasure to see you.
• 4:06
  Speaker 1: Thank you. Thank you. So as usual, there's nothing to talk about. There's world peace. There's no world hunger.
• 4:15
  There's no conspiracies. But in all seriousness, though, you're someone that I consistently find that when I listen to what you had to say about certain regions and 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 gold outflows of the gold coming into America from Europe, and everyone's speculating of all the different reasons. Like, are they is it going to Fort Knox and all this? But you made it very simple.
• 4:49
  War is coming to Europe, and the wealthy people know that, and there's capital flight happening. And if you look at where things are at right now, just on the the entire world, it just feels like the whole world is like, a powder keg, and and and the fuse is lit, and everyone's looking and saying, okay. When's it when's it gonna actually how fast is the fuse gonna go? Because if you look at Middle East, Iran, and Israel, you look at The US getting pulled into that, you look at even what's happening, you know, currently here with this there's this fire, out in Idaho, I think it is, and there's the the first responders are being sniped by somebody that that they, you know, that they I guess, they they claim to have caught him and know who he is, and there's all kinds of things that make it sound really fishy to me. Is this some sort of false flag operation?
• 5:35
  What's the next thing coming from this? It just there's just so much happening. You've got Chinese nationals being arrested for sneaking in agroterrorism. Right? You know, blight, viruses that are you know, that would that would wipe out crops.
• 5:48
  And so, anyway, with all this going on, how do you make sense of of where we're at and and where we're going?
• 5:59
  Speaker 2: 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 few months, Athens overthrows their tyrants and democracy's born. George Washington is is in you know, inaugurated 1789. The French oh, that's a good idea.
• 6:26
  Yeah. And they do their revolution. It's almost as if there's something in the air or the water or whatever you wanna call it. I don't know. But you just go down the line.
• 6:41
  And wherever there were old grievances, they all seem to come up at the same time. So, like, in Thailand, all of a sudden, you see a border dispute rising up between them and Cambodia. You know, Pakistan, India, it's, you know, China, Taiwan, it's North Korea, South Korea. I mean, it's it's wherever there had been a dispute. It's like, yeah, we, you know, is those those bastards that get them again.
• 7:15
  You know? I I don't know what it is, but it it just seems to me like it's some sort of contagion. That when you start seeing something in one region, it it spreads to others. And, I mean, the reasons are different historically, but you have, really, you have philosophical issues. For example, that was Khrushchev, we will bury you, you know, where, you know, you have, you know, the communism is gonna, you know, beat out capitalism.
• 7:55
  So it's more of a philosophical thing, not economic, where he's not going to benefit from it per se. You know, then you have conquest. I mean, that was like Alexander the Great, you know, Julius Caesar. It's also why Japan went into Manchuria to get, you know, tangible assets, energy, things of that nature, which they didn't have. So you have these primary issues.
• 8:29
  I mean, I did a report. So you have the the other thing is basically the worst of them all is, unfortunately, what we're seeing in The Middle East is religion. Because there historically, there's just no solution to it. It it's it's very deeply rooted. You know, you had so many different things throughout history.
• 9:04
  In the Byzantium, you had them coming up with against anybody that worshiped an icon. You know, you have Protestant versus Catholic, the Protestant Reformation, which still has 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?
• 9:30
  It's because we won the war. As in which war are we talking about? You know? And they said, oh, we we defeated Prussia because they were Protestant Bavarian Catholic. So that's what you really see here.
• 9:45
  And the danger of the Middle East one, what makes it a completely different category. I hope Israel, you know, contains itself. You take out the Ayatollah. That's more or less like a protestant assassinating the pope. You know, it's about about 30% on average of these other countries, Egypt, Jordan, etcetera, and even Saudi Arabia are so Shiite.
• 10:19
  Alright? So it's not all one Sunni country or something like that. There's differences. That's been my argument against Bill Crystal and the neocons. Back in the nineties, told me, oh, if we take out Saddam Hussein and Assad out of Syria and Gaddafi will bring peace to the Middle East.
• 10:41
  I said, you have your mind. You know, this is tribal. Okay? They don't see themselves as all Iraqis or Syrian or whatever. And to a large extent, you needed dictators.
• 10:54
  Why? Because they prevented everybody from killing each other, really. Otherwise, there were always gonna be, you know, internal, you know, civil wars. You know, Sunni versus Shiite versus Kurd. You know?
• 11:10
  Yeah. And, you know, Drew's I mean, we we've heard it all over constantly. You know? And you can look at Tony Blair's apology, which is on YouTube. And he said, you know, taking out Saddam Hussein, we thought we would be freeing them from the oppression of a of Saddam.
• 11:31
  And he said, we didn't realize we'd be subjecting them to more sectarian violence. You you ended up with ISIS cutting off people's heads and stuff. I mean, this is the problem. They they judge others by themselves. You know, why wouldn't they want peace?
• 11:53
  Because it's religion. You know, wake up. Don't you understand the differences here? And so this idea I mean, general Wesley Clark, you look on YouTube, his speech 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 connected Iraq? They said, no. This has just been their new kind of agenda. Remove these dictators. And they told him they were gonna go in and and conquer seven countries.
• 12:32
  And he disagreed with them. So he heard the same thing that I heard, you know, that I heard it back in the nineties, you know, from Bill Crystal whose father Irving started the the neocon movement. And what a lot of people don't realize is that I mean, I grew up there in the Philadelphia area. Netanyahu Netanyahu went to school there. Alright?
• 13:02
  And he used to hang out with the Crystal family. His father taught there, so did, you know, Bill Bill's father, Irving, at Penn State. So the problem was that, you know, he is a dyed in the heart, you know, in the wool neocogn. And so if you look at this, it's it's I I believe there was a there was basically a no confidence motion brought against him, and he won simply by by two votes. And had he been removed, this would be you wouldn't see war.
• 13:53
  Okay? So the very next day is when he attacked. So from the neocon perspective, they needed him. Because they they all lost. You had Dick Cheney even endorsing Camilla.
• 14:11
  They were, you know for all my sources, were really behind the assassination attempts of of Trump. And I was in Berlin at a meeting in May of last year, and I they said, really think Trump's gonna win? I said, the computer says he's gonna win hands down. I'm sorry. I said, but I know these neocons.
• 14:37
  I've been to dinner with these people. Alright? I think they're I told them I think they're gonna assassinate them. And it's, oh, come on. You know?
• 14:47
  So I was in conspiracy theory. And then after that, they go, holy shit. You really know these people. Right? You guys I've been to dinner with them.
• 14:54
  Okay? You don't see a warm light in their eyes. You really just don't.
• 14:59
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• 16:10
  There are probably some Iranian cells. I mean, you you it's it's no, you know, kind of secret that the Iranians, the Chinese, the Russians, you know, have issues with America. Like, it's okay. But youth when you say that the neocons are behind that, do you think that it was a lot of these neocons here, but also, do you think that the Israel was involved? You mentioned Netanyahu.
• 16:33
  Right? Do you think that that
• 16:34
  Speaker 2: I don't know if Israel was involved. I do know that, they did everything they possibly could just to prevent him from, you know, coming to power. I mean, I don't see, you know, Putin is doing it. Putin understands that dealing with Trump is far better than dealing with with the rest of them. Trump understood after the first time.
• 17:08
  And as you know, I was used to be part of the vetting process for who wants to be present. They would send me in, they explained how the world economy really works. And then it was more or less saying, do you think they're smart enough to understand? And then I was told to go in and meet with for sure. They said, this one's different.
• 17:28
  I said, what's different? And he said, oh, no. He's really stupid. And I was shocked. And I said, why would you make somebody a stupid president?
• 17:38
  And I was told he's got the name so we can win. And I was asked to be in the to take the chief economic adviser in the White House at that time. And I said, no. Sorry. As I own my own company.
• 17:54
  Sorry. You know, people don't understand what the real gig is down there. Why are these heads of Goldman Sachs come and take these positions? Because to take the position, you can't have a conflict of interest. So you must sell your stock, because you must sell the stock to take that position in government.
• 18:16
  It's tax free. So you get to sell half a million dollars or a few $100,000,000 worth of stock that you had tax free. You're there for a couple years. Oh, I have a headache. Sorry.
• 18:30
  I gotta leave. You know? You know? So it that's the way Washington really works. Everybody, you know, graces everybody else's hand.
• 18:40
  And so I said, sorry. Not interested. And, you know, I knew other people, Steve Moore, who Trump had offered a position on the Federal Reserve. Steve would have been very good and immediately start attacking his family, you know, and he withdrew his name. This is you know, Washington is very, very nasty.
• 19:08
  It's you know, and they don't care about anything. Look at some of the Supreme Court justices. Oh, some girl that oh, I think he wanted to rape me in high school. And then it turns out she never even went there. You know?
• 19:26
  It it's it's just not incorrigible, I mean, what they do. It it's all about power and what and whatever. But so the neocons, this is you know, when they got there, they I know I won't mention the names, but I know who they are, and they picked the cabinet. Alright. They stuck in John Bolton.
• 19:54
  They stuck in all these people because I was actually asked. Alright. So I know who was doing it. So this time when Trump went in, he picked his cabinet before he got to Washington. That was a shot across the bow.
• 20:09
  You're not gonna do this to me again. You know, every person they stuck in there was basically stabbing Trump in the back from John Bolton, you name it. And look at the Biden administration. You had three people. You had Garland who brought all the charges against Trump.
• 20:31
  You had Victoria Newland who's handing out sandwiches in Ukraine in Maidan. And then you also had John McCain standing on the stage over there. Overtory of government, we stand with you. I mean, and Blinken, who's the one who divided the world economy by putting sanctions on Russia, and then threatened China. If you help them, we'll do this to you.
• 20:58
  Really? You know? You people want war. You have to sell debt. They own 10%.
• 21:04
  Okay? How are you going to do this? They they have they don't understand the world economy at all. That's why they used to send me in to see if there was a label with these people. They don't understand that we are all connected.
• 21:18
  We really are. Whatever happens in Europe does impact us here. For example, The Just US was virtually bankrupt. JPMorgan had to lend a 100,000,000 in gold to the to the treasury in 1896. It was World War one and two that made The United States the financial capital world.
• 21:43
  All the money came here. So it's not something that our domestic politicians said, gee, if we do this, we'll be the the biggest in the world. Never happened. It was Europe blowing itself up, you know, twice, no less. And I think a third time is gonna be a charm, I guess.
• 22:00
  I don't but this is the real problem. And you have these people that gravitate to power. You have these three people, Garland, Victoria Nuland, and Blinken, all claiming they're from the Ukraine area, all claiming their families were persecuted by Russians. How do you get three people from the same region? Historically, in the Biden administration?
• 22:34
  It you know, it's more than slick. It's you know, they're really weaseling their ways into these things. And they they, you know, they bring us into war. I mean, it was blinking. They ended up creating bricks.
• 22:47
  Once you put sanctions on Russia, 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 care anymore.
• 23:03
  But they're very arrogant. They're very they only see their immediate issue. That's my real problem with these neocons. It's they don't ever look at the ramifications and like, okay. Fine.
• 23:25
  They took out Saddam Hussein. Did anybody anticipate ISIS? No. You know? Alright.
• 23:32
  What are they doing now? Oh, well, we take out Iran. Then what? What happens then? They have these sleeper cells all over the place.
• 23:41
  If you turn into a religious war, you're gonna see civil wars in all the major cities of Europe, and in America. Don't you understand what you're doing? You know, they only look at their own, you know, personal agenda. That's it. That's the and, you know, look, I've dealt with these people for a long time.
• 24:00
  Bill Crystal even spoke at one of our conferences back in the nineties. So I know at least know what I'm talking about. Alright. Sounds speculation.
• 24:11
  Speaker 1: Well, so talking about America, I know that I've had a lot of conversations with you with you before about the future of America, and really the 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 that aren't as familiar with you or your work, can you just give us the the quick overview of what does it mean when Martin Armstrong's models predict something that happens? Like, what what are these models?
• 24:44
  Speaker 2: Basically, my father was a a lawyer. I didn't wanna become a lawyer. I studied laws. Yeah. Alright.
• 24:50
  Fine. He pushed me into computers. And so I did the whole nine yards. I did the engineering, the software, whatever. So in the seventies, I basically I I wanted to go back to trading, really.
• 25:04
  I just enjoyed the trading in the 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 and to monitor everything. And as we ended up, ironically, as the biggest in the world because of currency. People ask me all the time, how did you ever do all this? It was, you know, my old assistant used to have one of those stick men with the holding the sign on her desk.
• 25:51
  The same shit happens. Happen to have had a client, Walter Zengerle, who is a senior VP at Franco National Bank. And fortunately, back in, like, 1964, my father took the family to Europe for the summer. And so we traveled all over. So that actually taught me about currency that I have you know, we had to change currency every time we crossed the border back then.
• 26:24
  And so Franklin National Bank was the bank that started Mastercard. And it was the first bank that failed in 1974. And it failed because of a a 10% move in the Italian lira. Mhmm. And he knew I understood currency.
• 26:46
  He said, would you come take a look at this? I think we have a problem. So after that, pretty much everything that had anything to do with currency, said, get that guy that did that one. You know? So I started getting dragged into all these things, performing the g five in 1985.
• 27:09
  So we had clients all over the world because currency was was number one, really, for major multinationals as well as governments. So I, you know, got to meet Margaret Thatcher, you know, etcetera. We had a client in Lebanon. It was one of the the major banks there. And they said they found a ledger that they've written down the Lebanese 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 data because it came out and said the country's gonna fall apart in eight days. And I called the client.
• 27:53
  I said, look. This date has got to be bad. You know? And he calmly said, well, what currency would you recommend? I said, well, it says the Swiss franc.
• 28:03
  Eight Eight days later, the civil war began. Then I saw we had a client in Saudi Arabia who was one of the biggest shippers in The Gulf. And he called me and says, Iraq's gonna start attacking shipping in The Gulf tomorrow. What do you think gold's gonna do? I said, tell me a war's gonna start?
• 28:21
  He says, yeah. So by the time 1998 comes, we were I stood up in in London. We had a conference there in June, and the computer was saying Rush was gonna collapse. So that became long term capital management, etcetera. That's when the CIA came into us.
• 28:49
  It was like, alright. We've been following you guys for a long time. They want me to go build a model for them. I said, look. We'll run any study you want, but I'm not gonna go down there and build something in some bunker for you.
• 29:02
  And they said, no. We have to own it. I said, well, it's not for sale. So that ended up starting my confrontation with government pretty much after that. But they were all into it.
• 29:16
  I mean, we were dealing with a company in Geneva with Granadex, and we're getting all kinds of requests for studies on platinum and, oh, weird weird stuff. I said, what's the grain company? What with all this? And went to lunch with one of the heads of the top three banks, and I asked him. I said, what do you do about Granadex?
• 29:36
  I'm getting all kinds of strange requests. And he says, Marty, you don't know who they are? I said, no. You know? He says, oh, they're fun for the KGB.
• 29:45
  I said, oh, okay. Thank you. You know? And, I mean, Geneva, I believe, is the reason they came in with know your client. I mean, I'd be asked to go we have a client wants to give you a few 100,000,000 to manage.
• 30:05
  They you go over there, and there's a curtain between you and the other guy, and you can't see who it is. I said, no. This doesn't feel right. You know? I I actually ended up managing money for Qaddafi three times, and they were all involved in this.
• 30:23
  I mean, I met a bunch of guys that came in, looked like they were Irish, red hair, etcetera. They were trading markets to to make money to buy arms, and they were the counter revolutionary army for Iran against the ayatollah back then. They all are involved. Every intelligence agency. This is how they make money.
• 30:51
  You heard of IRAKontra. You know? They make money to to fund things that they can't go to to the congress or they don't want public, what they're actually doing. They're trading markets to do it. So we kinda ended up you know, shit just happens.
• 31:09
  I mean, it we ended up in a position where, again, called in by governments around the world. And and it's it's always the currency that causes it. It's when they're forming the euro, they they came to me. I had met with them in '98. It's a '87 crash.
• 31:33
  I mean, you name it. It's it's I've just been in the middle of absolutely every one of them. And it was my reflection is is because we did currency. And what the model did, I began to see that if you know there's a war coming, you start to move your money in advance. And so for 09/11, the SEC used our stuff to look for who was buying puts on airlines a few days before.
• 32:09
  The terrorists were doing stuff like that. So it, you know, it it it's pretty widespread, really. It's so I've been in I mean, the Hamas attack on October 7, the defense stocks all started moving a week in advance. Somebody always knows. I don't care what you what country you're talking about.
• 32:34
  Somebody always, always knows. And, I mean, I've studied it. I had a team. We put together the largest foreign exchange database. They worked at the in London at the Royal Newspaper Library.
• 32:56
  They had every newspaper back to pretty much inception, and they're taking down quotes on everything, and then we put it into the computer. You can look on our site. We've published a a dollar index back in 1900. So you can see what the dollar really has done to wars, etcetera. And even with the Roman coins, we all knew that Rome fell.
• 33:28
  The question was, how? Was it like a $7.47 coming in for a landing, or was it like a waterfall and just falls apart? But it turned out the the the waterfall just collapsed in just eight years. But we took all the coins, and we had them, you know, basically, you know, checked for the metal content, and then we put out charts on that. And you can see it's just a waterfall that just incredible.
• 33:57
  But so my my, I guess, desire was I knew history. History. And really was like, why do civilizations rise and fall? And so I would say that was the driving force to put this data together to actually see what how things really do function. And you do have to go back, you know, hundreds of years.
• 34:30
  You can't just look for the last six months. You know? It's and when you do, you it comes out and you begin to see, you know, why wars happen, etc. You know, their economic reasons or philosophical reasons, religious reasons. And how do you solve different ones?
• 34:54
  But then you have ethnic issues. That's like Ukraine. They just hate you, you know, Russians period. And that goes back, not correctly, but, you know, they blame the Russians for, you know, the the starvation of Ukrainians. But they don't want to admit the fact that Keganovich was the guy from Kyiv.
• 35:23
  He was Jewish, and he was Stalin's right hand man. And when he said, because they confiscated all the land, you know, communism, and then it's like putting somebody in DMV in charge of planning stuff, you know, didn't work out very well. So to to pretend that communism was actually working, they stole the food from Ukraine. And most serious people look at this. And since he was born in Kyiv and Ukrainians were even more ruthless against the Jews than the than the Germans, they many people believe that it was a retribution for the persecution of the Jews that they had pulled off.
• 36:18
  And who knows what the real motive was, but, you know, that's basically what a lot of people assume. But he was Jewish, and he was born in Kyiv, and he was the one in charge taking all the food. So it wasn't really even a Russian. And Stalin wasn't Russian. He was from from Georgia anyhow.
• 36:36
  Alright? So I can tell you in Russia, there's always been a question is who's who's actually Russian? You know? So, you know, you have just a lot of different ethnic groups and and all part of one country. And, I mean, even if you look at Rome, you know, what there was an emperor Philip the first around February.
• 37:09
  And they call him Philip, you know, the first the Arab, because he was born over in Syria. He becomes the the emperor of Rome. So you you you see that people, you know, the emperors that were no longer adjusted to, you know, from Rome or Italy or something like that. They came from different places, Spain, whatever. So they had pretty much the same sort of issue.
• 37:34
  Who's really Roman? Are they you have Roman citizenship, but you're not bloodline Roman? You know? So, I mean, this is the way history is. And Russia was not not much different from that perspective.
• 37:49
  Many different ethnic groups. And that is what has sparked the debates in Russia for a long time. Who's really Russia?
• 38:00
  Speaker 1: And so looking at at America and and what your models are telling us, like so Trump is he you know, he's come out. He has this masterful ceasefire, peace to the Middle East, peace to America. America's entering into a golden age, and there's a lot of rhetoric and discussion about that. But when I look around, and I also just gauge my own gut feeling, America seems like it's teetering on the edge of 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 some period of just grand prosperity and and peace.
• 38:36
  Actually, it seems almost the opposite. But what are you seeing? Like, what are your models showing you for what, say, the next five years in America could potentially look like?
• 38:50
  Speaker 2: It looks as though we're in this period of a political revolution, where, as I said, you know, we've seen this many times throughout history. Rome overthrows its king Athens goes, that's a good idea. We overthrow monarchy. Francis, that's a good idea. This time, it's religion.
• 39:15
  I mean, I'm not religion. It's more of a republic that they tell us we live in a democracy, but we do not. We're never asked any relevant question. Shall we go to war with Russia? Yes or no?
• 39:32
  Nobody asks us. They just do whatever they wanna do. And it was Mark Twain who said if voting really mattered, they wouldn't let us do it. You know? So it it unfortunately, we have republics tend to be the most corrupt form of government, period.
• 39:56
  You have I mean, just look in in Europe, and, you know, the they're they're talking about the kickbacks between Ursula and Pfizer. You know, people are demanding that really she should step down. This is the problem with the republic. They you know, I could run for office and say whatever you wanna hear. Vote for me.
• 40:24
  I'll save the whales. I'll make sure it doesn't rain on Thursdays. You know, whatever you want me to say. Alright? Then I get there, and I go, congratulations.
• 40:35
  And this is how it works. Alright? The ideas are made up in the backroom, and then just look at the the the votes. They're damn party line. You're told how to vote.
• 40:49
  Alright? They don't represent us. It takes somebody with courage to stand up against it. And then what they do to them is the speaker of the house has way too much power. He decides who's gonna be on what committee.
• 41:07
  If you don't play ball, you don't get on any committee. You can't make a motion on the floor. All motions must come through a committee. So they they have ways of of of basically shutting you down. And I've seen this over the years.
• 41:26
  And John Banner, basically, when he was speaker of the house, he couldn't deliver the there were about 80 people in the party that were elected. They refused to go along with him, but there were enough of them that they could stand up. And so what he did, he started removing anybody that supported him from any financial committee. You know? And this is the way Washington works.
• 41:59
  You know, when I brought this up, I would they can't he the speaker can no longer do that. I said, oh, okay. Fine. He changed the rules again. So, unfortunately, I think we're looking at the demise of this type of system.
• 42:19
  And it's it's pervasive. It's everywhere. It's I would like to see if, you know, the computer showing this is coming to a head, you know, by around 2032. And after that, my hope is that we move more towards a direct democracy. Kind of like I know people go, oh, well, you know, that that can be bad.
• 42:45
  You know? No. Just look at Switzerland. They they come up with a referendum, and it has to have so many signatures before people will vote on it. And I think that's a much better way of going about some things.
• 43:02
  And they they tend to take the arguments against democracy from from some of the the Greek philosophers that were against democracy, but they they felt that the average person on the street was too too stupid to to know what he was voting on. And this is the attitude that they look at us at. And so they they get to do what the hell they they wanna do anyhow. And they really don't know how things function globally. If they did, they wouldn't be calling me in a different you know, I get called into all these crises, and, like, I told you not to do this.
• 43:52
  You know? You know, I just sent a letter out to Trump, for example. It's always the same scenario. And you, as an individual, your parent tells you don't stick your finger in that candle. It's gonna hurt.
• 44:14
  You still do it. Now you you felt 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 collective memory. You know, all these crisis comes in and somebody steps up, oh, this is the solution. I've never yet heard. And I've been dealing with them for over forty years. A simple question.
• 44:44
  Has anybody tried this before? Did it work? Never asked. Never. And look.
• 44:54
  This is it became, I guess, pretty famous after the eighty seven crash because I was called in for the g five, and they were saying they were gonna lower the dollar by 40% so they could sell more widgets offshore. Sounds nice. This is what I mean. They do not know what they're talking about. I wrote a letter to the president.
• 45:16
  I said, if you do this, you're gonna cause a crash in two years. Oh, why? Because you sold a third international debt to the Japanese. You're now gonna say you're gonna lower the dollar by 40%. You're gonna sell.
• 45:28
  Why would they sell? Because they're gonna lose money. You you know? So I got called into the '87 crash. You can look at the Brady Commission report.
• 45:41
  At the very end, the best I could get them to say, we think foreign exchange has something to do with it. That's it. They're never gonna blame the government. Alright? But you lower the dollar by 40% so you can sell more widgets.
• 45:57
  You're valuing US assets to everybody else in in stocks, real estate, whatever, from the foreign perspective, they lose money. You know, I was in London in 1985 when the pound fell down to par. Yeah. I mean, the Brits thought Americans were crazy. We're everybody's in there buying property, and they're, oh, it's at the highest price.
• 46:28
  They're creating no. It was the fact that the the pound had fallen from $2.40 to to par. Okay? I even went into British Airways. And I guess the Concorde was was flying back then.
• 46:44
  I asked him, I said, how many tickets could I buy? They looked at me like one. I said, how many, you know, open ended, you know, tickets can I buy in the Concorde? It will cost me $1,000. You know, they gave me like 25.
• 46:58
  I said, Oh, very fine. I'll take them. And they looked at me like I was crazy. But then I went to get on the Concorde. Is completely full with Americans.
• 47:08
  Because when it started, it was 3,000, basically. And it was more than a first class ticket out of New York City. So it was really expensive. But when the pound fell from $2.40 to to par, it was so cheap. It was cheaper than a first class ticket.
• 47:27
  And I got on there, and everyone it was full of Americans. Everyone this is really a great deal, isn't it? I said, yeah. It is. But they don't understand currency.
• 47:41
  Speaker 1: Hey, folks. I've got a quick but really important update. So right now, DC politicians are trying to kill the very tax credits that are helping bring manufacturing back from China and putting American workers on the job. These credits are fueling US energy independence, rebuilding our supply chains, and hitting the Chinese Communist Party where it hurts. And look.
• 48:01
  This isn't theory. It's actually happening. We're talking real factories, real jobs right here on American soil. But if they repeal these credits, we're gonna lose millions of jobs. We got over a trillion dollars from our economy, and we hand China a massive win.
• 48:17
  So here's the deal. President Trump, don't let congress pull the plug on America's comeback. Stam firm. Protect the energy tax credits. Keep putting America first.
• 48:30
  Speaker 2: And if you understand currency, this is is it it changes everything. In the seventies, the Germans were pricing their cars in Deutsche Mark. Okay? So from the American perspective, you could buy a German car driving around for two years, and you'd sell it for more than what you paid for. Because pricing it in Deutsche Mark to Americans, as the dollar is going down, it was always going up in value.
• 49:03
  So that's what gave Germany the, you know, the image that their cars were the best. Alright? And if you understand the currency side, it it's very, very simple. I mean, with Toyota, etcetera, the Japanese, I help them. I said, look.
• 49:27
  You wanna compete against the Germans? This is how we do it. We price it in dollars and take the currency home to manage. Okay? And that's how Japan beat Germany.
• 49:40
  Then I got I got called in by the Germans. They go, would you do this for us? And we did to Japanese. Yeah. Okay.
• 49:46
  Fine. You know, you know, when you're getting into currency moves at twenty, thirty, 40% in a couple of years, it changes everything. Absolutely everything. I was involved with all the takeover boom in the eighties, and people didn't understand, you know, they made the movie Wall Street, you know. Yeah.
• 50:09
  And they didn't understand what we were doing. I went back out of all the courage pubs in England. Okay. I said, alright. Fine.
• 50:20
  And we borrowed the money in Swiss franc. So you borrow in a currency that's gonna decline against the asset. We're making more money on the currency moves than we were on the assets. So this is why I just we got dragged into everything globally. It was we understood currency as a model with tracking capital flows.
• 50:48
  And what I noticed when I was in Geneva, for example, we were all dealing with the OPEC money in the early eighties. Then the you started to see the the capital started shifting to Japan. And Japan then peaked in 1989 at the end of the decade. But the money was flowing there, but also the talent. So some of the best brokers I knew in Geneva had moved to Tokyo.
• 51:22
  So I could see, for example, even when Greece got in trouble in 2010, the traders go, oh, okay. Who's next? Oh, Spain. They start attacking those currencies. Alright?
• 51:37
  This is the way capital really works. So the model, basically, that I developed track capital flows internationally, so I could see where it's going next. And I never intended it to predict wars, but then began to see that, you know, the terrorists were definitely using, events to make money to fund the next ones.
• 52:13
  Speaker 1: And what's it what what are you seeing with the capital flows in America? Because you say that these, you know, these capital flows predict what's coming. So with where things are at right here, stock market's at all time high. There's all these interesting things happening, but what are you seeing? Like, what's the money doing, like, big money doing in America, right, where we still have the dollar, the World Reserve currency, all this is still relevant here.
• 52:38
  But you see people, you know, Jamie Dimon, for instance, selling off massive amounts of his stocks. You see Berkshire Hathaway sitting in, if I'm not mistaken, their largest cash position in history. So what are these signs telling you about, you know, life home in America?
• 52:56
  Speaker 2: Most of those, they really do not understand the global, implications. They're just looking at this from, oh, it's an all time high, like, pull out the charts from 1929. It all depends. You get war going on in Europe, which they are pushing very hard. Then you gotta be out of your mind to keep anything there.
• 53:22
  What will happen is Europe always puts in capital controls. Just look at the charts from World War one. What did they do? They shut down all the stock markets. So you couldn't sell anything, and your money will get trapped.
• 53:40
  This is what what they routinely do. The dollar, about 70% of dollars are paper dollars are outside the country. Why? Because The United States is the only country that has not canceled its currency. Even Canada canceled its thousand dollar bills.
• 54:04
  It's it's high denomination. Europe routinely they're they're very socialistic. So they routinely cancel their currency, Britain, all of them. So you can't have a few 100,000 in cash and stuff it in in a safety deposit box. It's something worthless.
• 54:23
  Alright? It forces you to come out. And then they go, oh, really? Where'd you get this from? You know?
• 54:29
  Did you pay your taxes? So the the problem with Europe is definitely that they are looking at this from a a they want war because they're they're seriously in trouble. And I I dealt with them. Anyways, try and shut this off here. But when they were forming the euro, I explained, look.
• 55:09
  You have to consolidate the debt. They were saying, oh, everybody will pay the same interest rate. I said, all this is bullshit. Not gonna work. Alright.
• 55:18
  We have a single currency. You got 50 states. They all pay different rates according to their to their credit rating. Alright? You're comparing it to the federal government only.
• 55:29
  Alright? And to do that, you have to consolidate the debt, create a European federal debt. Alright? And Hermit Cole was against that. He's he didn't allow the Germans to vote to go into the euro, and he even admitted before he died that he acted like a dictator.
• 55:51
  And he said if he allowed the Germans to vote, he would have lost seven to three. So the the problem with the euro is that it has never been able to compete with the dollar. And we're we're reaching that point right now where we saw it in Greece. When one member gets in trouble, it turns into a contagion that affects everybody else. So if California went down, we wouldn't be, you know, panicking and selling federal debt.
• 56:26
  You know? You might sell Utah or Washington State or something like that, but you're not gonna go sell federal. So the problem with Europe is that one gets in trouble, they can take down all of us. And they know this. When I warned them, they said, look.
• 56:47
  We understand. They said, we just have to get the euro through so you could create the bureaucracy first. And they said, we'll worry about the debt later. Here we are twenty six years later. They haven't done anything.
• 57:01
  Alright? So the problem that we're facing here is that they need war. And the main reason they need war is because it's a cascade of of absolute errors. You about 70% of pension funds must have government debt. A default government debt, you lose all your pension funds.
• 57:34
  The bank reserves must have government debt. Now they get they can hold debt of all the members. So they you get one member in trouble, and everybody's gonna say, oh, which bank has the biggest holding? You know? And start shorting that bank.
• 57:51
  This is the only capital act. And an example of this, the German hyperinflation. What really caused it was in December 22, the German government confiscated 10% of everybody's assets. You're hearing Ursula saying talking about the same thing. Unused money we can, you know, to fund the war.
• 58:20
  Alright? Go ahead. Watch what happens to Europe. Because Germany did that in December 22, capital fled like crazy. They started moving accounts to every other currency but Germany.
• 58:37
  So the hyperinflation in stores in '23. It had nothing to do with printing money. It had the fact that they confiscate 10% of your assets in the bank. I think if they did that today, you're gonna go, should leave the rest of 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 bank account. He was trying to bring back all the money.
• 59:14
  Matt, you couldn't have a a foreign bank account without government permission. Then what happened? Switzerland decides and creates the numbered account secrecy system in 1934. So it's all connected. So when you lose confidence in the government state, the capital will flee.
• 59:43
  And that's what's been coming over here already. Alright. One, paper dollars are being held in Russia. They're being held in China, because they know, one, they're a hedge against their own governments. But two, they won't be canceled.
• 1:00:01
  They can't hold euros. They won't even hold Canadians. Alright? So that's part of the reserve currencies of The United States. You have these people talking about all the debt, the debt really.
• 1:00:20
  Okay. The interest that we are spending to keep rolling the debt is currently at 1.9% of GDP. You want to run into bricks? Okay, who's the highest? Brazil eight and a half percent.
• 1:00:43
  We are the strongest because we also have the largest economy. And we have a consumer based economy. So everybody's got price their Toyotas, the BMWs in dollars to sell them here. Okay? So all this talk about all the debt is gonna take the dollar down.
• 1:01:08
  Very nice. Capitalization of New York Stock Exchange by itself is worth more than all of the exchanges of your combined. People have no concept that The United States as a phone manager, I can pick up the phone and say by funding, you know, $10,000,000,000 worth of treasuries. I can't do that with your I still have to say, gee, I went Germany, I went France, I still make the same decisions as if the euro never existed because they never consolidated. So there's a lot more to this than meets the eye.
• 1:01:51
  And you get these people domestically, all the debt, all the Fed. Look, central banks, I talked to many of them. Alright. The central banks are in trouble. Why?
• 1:02:07
  Because the issue of really, the the whole issue here about the how do we, know this philosophy that we can the governments in control and and manage everything. It's just it's a crack. I mean, what do we want me to say? I mean, it Keynesian economics was was established back in the thirties. US had a balanced budget.
• 1:02:45
  So yes, you raise interest rates and lowered interest rates affected us directly. Alright. Today, the government's the biggest borrower in the room. So they cannot control inflation. If he raises interest rates to stop inflation, the government interest expenditures go up.
• 1:03:05
  So we're in a different ballgame. And you can see it and understand it when you step back and look at the whole world. And you get these people that are just myopic. They only look at the Fed. What's the Fed gonna do to us next?
• 1:03:26
  That's very nice. I did a book back in in '86. We hope to republish republish it it eventually. It was called the greatest bull market in history. It taught me a lot because I I had to read all the newspapers for the bull market into '29 and the bear market.
• 1:03:47
  What were they talking about? What were they thinking about? And the psychology was completely opposite of what we hear today. Interest rates were rising all the way into '29. And stock market rose.
• 1:04:04
  Why? They said that proved there was still a demand for money. So it's still bullish. Interest rates declined, went from 6% to 1% in the Great Depression. Market fell 90%.
• 1:04:21
  Didn't help. Alright. O seven to o nine, interest rates went down. Didn't help. Interest rates decline in recessions and depressions.
• 1:04:32
  It does nothing. Why? Very simple. If you think the stock market's gonna double, you'll pay 20%. If you don't think it's gonna go up 1%, you're not gonna borrow at 1%.
• 1:04:49
  Alright? It's it's a matter of perception. So you're gonna look on our side and publish call money rates back to 1899. And in 1929, that was the lowest level of interest rates. Why?
• 1:05:09
  Not the biggest. Because of its capital concentration. Same thing in 1989 in Japan. All the capital was coming to The United States because, first of all, World War one. Alright?
• 1:05:27
  So it it it came here, and then they saw the auto boom, which kinda like the .com bubble. You know? So then everybody wanna be, you know, part of the, oh, this is the big boom, industrial revolution, blah blah blah. Alright? So the money was here.
• 1:05:49
  Ford has made a ton of money on this because the dollar was going up. The current the same thing happened in 1989 in Japan. Alright. Yen was going up. Stock market's going up.
• 1:06:03
  So as a foreign investor, I made more than the Japanese did. Because I benefit also on the currency. Alright. So that's, I mean, understanding, stepping back and looking at the world economy. You know, we have, you know, I would make decisions.
• 1:06:27
  We had to make decisions where what countries, you know, a company should set up operations, things of this nature. That's how I got to meet Margaret Thatcher. I happen to have known her personal economic adviser, sir Alan Walters. And she had heard this rumor that there's this guy sending companies to Britain. You know?
• 1:06:51
  And he goes, yeah, that's Marty. There is a guy. You know him? He says, yeah. I wanna meet him.
• 1:06:58
  So I went to go meet her. She even spoke at one of our conferences, and I think it was '96 or something. And explained to her, I said, look, I was putting all the the companies that needed skilled labor, like auto manufacturers in Britain. And she said, why? I said, in Germany, the social cost on top of paying somebody the very same wage that I would in in Britain, alright, is 40% higher.
• 1:07:34
  And she says, really? I said, yes. Very socialistic. And this is I'll give you an example. I was called in by one of the the largest telecommunication companies in Germany.
• 1:07:54
  I was in London. I got a phone call. We need you here at the at the board meeting first thing in the morning. I said, what's up? They said, you'll find out when you get here.
• 1:08:06
  I get there. They point our firm adviser to the pension fund. Then everybody's resigning. I said, what the hell is going on here? You know, is this a Harry Carey meeting or something?
• 1:08:17
  You know? And they wanted to lay off 20% of their workforce. The German government initially said, okay. Then at the last minute, oh, that's not fair. You can't pick and choose.
• 1:08:34
  You have to make this offer. I think it was 150,000 to give up your job voluntarily. Alright? So what happened, the people that knew they could get a job across the street took the $150 left. They got stuck with the very people they wanted to fire.
• 1:08:51
  Alright? So the chairman, he says, you know, he he's, likewise, took the $150 left. I said, why? He says, I'll never get a job again if my name is associated with this company, which is gonna go down the tubes. Alright.
• 1:09:09
  And I told this story to a board member, and I got called in by the, you know, the IMF. And I said, you know, look, governments, you can't do this kind of stuff. And I've always, you know, taken my high road with this and tried to do it, you know, straighten it out. And I was actually surprised. But she said to me, she says, you're discovered this also in Greece.
• 1:09:39
  That's what happened. I said, human nature. Okay? If somebody knows they can get a job across the street, they're gonna take the money and leave. The guy that doesn't think he can, he's not gonna take the money and leave.
• 1:09:52
  You know, you can't just come up, oh, that's not fair. Equality, all this, you know, complete BS. They don't understand human nature. This is the problem between you had Russian communism versus Chinese. Alright.
• 1:10:14
  They were actually two different philosophies. Stalin was a paranoid. You know, he was worried about what you thought. Okay. So that's his great purge.
• 1:10:28
  In China, it was more of the the tall poppy syndrome. We don't care what you say in your private house, what you think, but if you stick your head up against you know, above everybody else, it's getting cut off. Right? So that was pretty much the the two different, I would say, versions of communism. And when you step back and look at this, this is why China boomed and Russia didn't.
• 1:10:59
  Because China didn't get involved in changing the human nature of people. Whereas in Russia, I mean, met people that grew up in East Germany, and they were taught in school that if your parent ever said anything against the state, to report them because the state is really your parent. You know, this kind of shit. It's, you know, so psychologically, psychologically, it was different. We have one client when Germany was unified, and he was gonna open a plant in in the East.
• 1:11:36
  And I warned him. I said, listen. You know, this is not gonna work out for you. And he says, no. No.
• 1:11:41
  You don't understand. German ethic. I sorry. These people have never had to work. He didn't listen to me.
• 1:11:49
  Opened up his plant. Maybe about three months later, called the guy, you know, I should've listened to you. It takes three Eastern you know, Germans to do the work of one. I said they never had to. You know, you have to understand the human nature that Stalin really undermined.
• 1:12:10
  China didn't do that. So it's was different type of of philosophy per se. But that's why China boomed very rapidly. It's, you know, its economy is, you know, about to exceed United States, Russia? No.
• 1:12:32
  So it it's human nature that that does this. It's it's what it is that I knew a professor at Princeton University, and he said to me that he he said, you remind me of Einstein. I said, what? You know, he says, you're curious. And he said, Einstein had said, without curiosity, you discover nothing.
• 1:13:08
  And then he understood what he's talking about. Said, because I'm not physics or something like that. You know? And he says, no. You're curious.
• 1:13:15
  You're trying to figure out what makes it tick. He says, that's what Einstein did. It's just a different field. And when I thought about what he was saying, he's correct. That's what communism basically stopped.
• 1:13:31
  You weren't allowed to be curious. You know, that's Nixon's kitchen debate with Khrushchev in 1959. See all this? This is what the private sector created. Nobody in government is gonna sit there and go, gee, wouldn't it be nice to have a machine to wash dishes so I don't have to do it every day?
• 1:13:49
  They're not doing it. Alright? So they're not going to see that. And that's what he explained to me. He said, if you're not curious, you will never discover anything, and and progress society will be killed.
• 1:14:08
  And it's right, it's it doesn't matter what the field is. Alright. I'm certainly no Einstein, when it comes to, you know, quantum mechanics and stuff like that. But no matter what the field is, if you're not curious, you can't discover something you already know. So that's what the computer really does.
• 1:14:34
  I saw the capital flows and how it moves back and forth. So most central banks will, you know, contribute to us because they wanna know too what the hell is going on. So we track the the international capital flows, and it shows both markets as well as geopolitical events. Because, obviously, if you do know you're going to invade a country, you're gonna move your money accordingly. And, you know, with that Bank of Lebanon, they saw the money moving.
• 1:15:19
  They probably knew about their rumblings for civil war. They weren't coming to me for that forecast. They were coming to me for the timing. So it wasn't like, oh, you're gonna go in the civil war. Oh my god.
• 1:15:34
  Really? You know, they already knew that. And like I said, very calmly, so what currency would you recommend? And I was like, You know? Because they already knew they could see it on the ground.
• 1:15:48
  And people are moving money, etcetera. Like, we talked about with Germany, you know, moving money outside because of hyperinflation stuff. But that's what what will happen. You undermine the confidence, and the capital will move. And the biggest risk you have right now is that Europe is desperate for war.
• 1:16:14
  And the more that they keep beating these war drums, the more capital that is moving over here. So a lot of our our clients had, you know, gold reserves that said, you better get out there. Because when that first bullet is shot, just look at what they did in World War one. They shut down all the exchanges. You won't get it out.
• 1:16:38
  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 digital currencies over there. Once they do a digital currency, that's it. You're shut down. You already had Spain come out and said you can't take more than $3,000 out of an account without or €3,000 out of an account without permission from the government.
• 1:17:08
  It's cash. They're they're scared to death of the money fleeing. And then you have Ursula over there saying, oh, to 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.
• 1:17:31
  You know, it they I've they respond like a cornered animal, and they will fight tooth and nail. I've seen the internal memos of NATO when the money was going to to climate change. They're worried. And how do we remain relevant? They may remain relevant by constantly saying, oh, Russia's gonna invade Europe.
• 1:18:04
  Putin doesn't wanna invade Europe. What's what's he gonna get out of it? You know? Look into France, and they're say, oh, thank you. You're gonna pay our pensions now?
• 1:18:16
  You know? That's about it. There's no gold. There's no energy. There's no tangible asset worthwhile going in.
• 1:18:26
  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.
• 1:18:49
  And even the issue against the Jews, you have to understand that there was it was called the Jewish conspiracy. They viewed that communism was a Jewish conspiracy issue. You had Marx. You had Trotsky. Alright.
• 1:19:15
  Laine wasn't Jewish, but they saw it as that's why they they went after really the Jews. The the Bundestat and the right side that went fire blamed you on a communist. Okay. He was Dutch, but it was to beat up this to justify going into Russia because they're communist. But Russia has been I mean, even Margaret Thatcher, you're gonna find on on YouTube.
• 1:19:53
  She gave a speech. Russia is the richest country in the world from natural resource perspective. They've got oil, diamonds, gold, timber. You name it, they have it. The estimates are about $75,000,000,000,000 in natural resources.
• 1:20:13
  This is why you had Napoleon try to conquer it. You had Hitler try, and and this is why, you know, I've been told that they call the Macron in France the petite Napoleon. And they they really think that if they conquered Russia, Europe would then rise again like the Roman Empire. Richest country in the world. US will be the subservient vassal state beneath their feet.
• 1:20:50
  This is you know, you know, look, know, the goal had the same kinda, you know, attitudes. It's been these ethnic hatreds. They go back centuries. When what happened happened was you had after World War two, the CIA wanted Europe to band together and create the European community. They funded it.
• 1:21:26
  The problem was the Gaul, and they had to threaten taking away the Marshall Plan funds from France to get him to fund Avery. He agreed to take the the Germans, but not the British. Why? Because, basically, you know, France, lost to the Brits at Waterloo. I mean, this goes on forever, really.
• 1:21:55
  Speaker 1: I mean, it seems like it's it's just the same cycle of history over and over and over again. Corrupt governments, you know, you know, millennia old battles between tribes and races and regions, and it's just it's just the human condition. We feel like America's been here for so long, but it's just a baby in the whole timeline of mankind.
• 1:22:18
  Speaker 2: And Yeah. It's this is why, you know, FDR tried to get us into World War two, and it took Pearl Harbor to do it. Congress wouldn't issue a declaration of war. Americans were not interested. Because everybody that came here was to get away from that shit, really.
• 1:22:41
  And I saw a documentary. He was in Boston trying to justify sending troops to to help Britain. And Boston's mostly Irish. They said, you really expect us to send our boys over there to defend the Brits after what they did to Ireland? You know?
• 1:22:59
  This this was, you know, this was pretty much the issue. So it that that's what you get. I mean, Britain wasn't allowed to join the EU until after De Gaulle died. I mean, I I was a keynote speaker at the BIS conference in in Paris. So I had to sit at the head table with all the heads of the central banks there of Europe, and the table starts speaking English.
• 1:23:30
  And the French sitting next to me, he was absolutely beside himself. This Paris should be speaking French. But everybody, you know, the Italian didn't know German, the German didn't, you know, the one language everybody knew was English. I've encountered the same thing in in China. Between Japanese and and Chinese, they speak English to each other and nothing outside of that.
• 1:23:58
  But he was absolutely livid. I mean, he was like, oh, it was you know, they that even when France joined the euro, you can go on eBay and maybe buy one, but the rule was that nobody was allowed to issue a coin celebrating France's loss at Waterloo. Belgium finally did, but as a commemorative issue that wasn't for circulation. It comes in a little card. And Belgium basically did it because they didn't like the French anyhow.
• 1:24:38
  The goal said that Belgium was created by the English to annoy the French. So, I mean, these disputes have gone back and forth, I mean, for such a long period of time. That's why I say it's it seems to be more of a contagion. It's like everybody starts you know, somebody gets mad at you know, that's a good idea. I remember them.
• 1:25:04
  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 did that come from?
• 1:25:15
  You know? It's like Pakistan, India. I mean, right, they at least split, you know, religion. But it's it's pervasive. It's it's always the same thing.
• 1:25:30
  And I think we have to understand that this is the world we live in. And it's it's not, you know, as black and white as you might think. And we're often on the receiving end. And so just be mindful that some of these guys, oh, they're selling their stuff because they think the market's overvalued. They're looking at it internationally.
• 1:26:03
  If you goes into war, that capital is coming here. Alright? US is the only place you can park up. All that kind of money. As I said, the New York Stock Exchange by itself is worth more than the all the exchanges of Europe combined.
• 1:26:23
  The IPO of of Home Depot was more than all all the IPOs of Europe for ten years. You have no concept of of how oppressed Europe really is. And it's all this social socialistic ideas. And, I mean, I've lived there. And, you know, I was in Zurich, and they have you can go shopping only one night.
• 1:26:59
  State's open till 07:00. That's it. And you you ask, well, why can't you be open, like, so you go after work, and you're gonna rush out and buy everything within two hours before closes. You know, and, you know, all you Americans think about is just, you know, money. And that's that's the attitude you get.
• 1:27:20
  I said, well, it's not, you know, you have three shifts. The third shift comes in, runs it at night. It's not the same people having to stay for fourteen hour days. You know? But then I just don't get it that way.
• 1:27:34
  They really don't. It's
• 1:27:36
  Speaker 1: No. The the whole thing just seems like a mess. Well, Martin, I actually I have to wrap up because I I have another show to record, very shortly here. But, I wanna bring up your website before we we do, sign off your it's armstrongeconomics.com. Wealth of of information on there.
• 1:27:56
  And, you know, I I appreciate you coming and just sharing these these these thoughts because it's you said it's not black and white. It's so far from being black and white. It's layers upon layers of complexity. It's just it's so hard to make sense of.
• 1:28:11
  Speaker 2: Just, you know, everybody will act out of their own self interest.
• 1:28:16
  Speaker 1: Yeah. That's human nature for sure. Yes.
• 1:28:20
  Speaker 2: 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 for World War one. They did it for World War two. This is just the way it is. I mean, if you're over there, you're gonna I better get out of here because I'm not sure the bank's still gonna be there when, you know, when the bombs finish.
• 1:28:43
  You know? It's it's interesting times that we live in. That's for sure. Oh, certainly. Keeps us on our on our toes.
• 1:28:53
  Speaker 1: That is true. That is true. Well, Martin, thank you for giving us an hour and a half of your time today. I I really appreciate it. Thank you for doing what you're doing.
• 1:29:02
  Speaker 2: Well, I hope it, you know, opens the door a little bit so you can see a crack on the other side.
• 1:29:08
  Speaker 1: Yeah. Well, the key is that we're all curious, and that's that's what's what's gotten us here is we're we're curious about these things.
• 1:29:15
  Speaker 2: You don't discover anything unless you are curious. Yeah. You can't discover what you know.
• 1:29:21
  Speaker 1: Exactly. Well, Martin, thank you again. Take care.
• 1:29:24
  Speaker 2: Well, thank you. Take care of yourself. See you again.
• 1:29:27
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