Latest / Financial Survival Network / Exclusive Post-Election Forecast - Martin Armstrong #6181

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Exclusive Post-Election Forecast - Martin Armstrong #6181 · Financial Survival Network

• 0:00
  Speaker 1: You can look up and you'll see NATO is basically
• 0:03
  Speaker 1: the retirement home for Neo konnt YEA, and they were
• 0:07
  Speaker 1: out there trying to raise one hundred billion dollars to
• 0:11
  Speaker 1: keep the war going with Russia if Trump is elected.
• 0:15
  Speaker 2: You were listening to Carrie Letz's Financial Survival Network, where
• 0:19
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• 0:23
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• 0:26
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• 0:31
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• 0:35
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• 0:38
  Speaker 3: Ever, And welcome. You are listening to and watching the
• 0:46
  Speaker 3: Financial Survival Network. I'm your host, Carrie Letz. The election's over,
• 0:50
  Speaker 3: we're going to have on Martin Armstrong, who had been
• 0:54
  Speaker 3: basically almost a year ago, been saying Trump was going
• 0:58
  Speaker 3: to win. The models showed over a sixty percent chance,
• 1:02
  Speaker 3: record low approval ratings for the current administration, and we
• 1:07
  Speaker 3: wanted to have Martin on because a lot of things
• 1:11
  Speaker 3: are going to flow from this. Wanted to get your
• 1:13
  Speaker 3: opinion Martin on what's going to happen next again. You
• 1:17
  Speaker 3: find his work over at Armstrong Economics dot com. Sign
• 1:21
  Speaker 3: up for his daily missives. I never miss him, Martin.
• 1:26
  Speaker 3: Great to have you on so well. It looks one
• 1:29
  Speaker 3: prediction you made, neither side would believe that the other
• 1:32
  Speaker 3: one if they won. There's no denying that Trump won
• 1:36
  Speaker 3: this election. There's no allegations of widespread vote tampering, although
• 1:41
  Speaker 3: I'm sure there's plenty because it's as American as apple pie.
• 1:45
  Speaker 3: But they're still finding other reasons. I mean, the left
• 1:50
  Speaker 3: is in complete meltdown mode now, isn't it. Yeah, I
• 1:55
  Speaker 3: mean there they basically are, you know, kind of denying it.
• 2:01
  Speaker 3: They mainly because I think if you really step back
• 2:05
  Speaker 3: and look at what the left did, they could not believe,
• 2:10
  Speaker 3: you know, criminally charging Trump and all these things. They
• 2:14
  Speaker 3: thought he was unelectable, and you know that was their downfall.
• 2:22
  Speaker 1: You know, they just kept this nonsense up and rather
• 2:27
  Speaker 1: than looking at what the the state of the economy
• 2:32
  Speaker 1: and economics really is. I mean, our computer's just never
• 2:37
  Speaker 1: been wrong. And because it doesn't do the polls, it's
• 2:41
  Speaker 1: not asking people, gee, who are you going to vote
• 2:43
  Speaker 1: for next week or whatever, it's just looking at the economics.
• 2:47
  Speaker 1: And uh, even you take go back to the Great Depression,
• 2:54
  Speaker 1: you know, Herbert Hoover had nothing to do with the
• 2:58
  Speaker 1: UH with a great crash. She had just been elected,
• 3:01
  Speaker 1: all right, and then in thirty two he gets only
• 3:04
  Speaker 1: you know, thirty nine percent. Whoever's there is always blink.
• 3:09
  Speaker 1: That's pretty much the way it goes. So it's not
• 3:13
  Speaker 1: necessarily that you know what they did or one way
• 3:16
  Speaker 1: or the other. But with the the other thing, which
• 3:22
  Speaker 1: I'll be revealing more at the conference, is that this
• 3:25
  Speaker 1: was the thirty fourth year after the fall to Berlin Wall.
• 3:31
  Speaker 1: That's when the socialism in the West should start to collapse,
• 3:35
  Speaker 1: and that's what we're watching. It will take until probably
• 3:40
  Speaker 1: about twenty thirty seven to complete the entire cycle. But look,
• 3:47
  Speaker 1: if you look at China, you look at Russia, Eastern Europe,
• 3:51
  Speaker 1: nobody wants to go back to this sort of stuff.
• 3:54
  Speaker 1: But in the West, you know, you have Stammer over there.
• 3:57
  Speaker 1: You know, in Britain locking up twelve year old kids
• 4:02
  Speaker 1: because they criticized the government. I mean, this is nonsense.
• 4:07
  Speaker 1: They think that they can just dictate to people and
• 4:11
  Speaker 1: you're going to jump and just ask how high. But
• 4:16
  Speaker 1: the real downside with this whole thing is that this
• 4:22
  Speaker 1: was a major coup attempt. I would say that I
• 4:28
  Speaker 1: was told from the beginning of the year that they
• 4:32
  Speaker 1: would not allow somebody else on the ticket with Biden,
• 4:36
  Speaker 1: and that he was not going to be the candidate.
• 4:39
  Speaker 1: He would step down after the Republican Convention. And back
• 4:45
  Speaker 1: then there were two camps buying for power, which was
• 4:49
  Speaker 1: Michelle Obama and Hillary. But the neocons really wanted Camillo
• 4:55
  Speaker 1: because she's just another placeholder and her VP is the same.
• 5:00
  Speaker 1: I mean, come on, you know, and so they just
• 5:04
  Speaker 1: you know, smile and say whatever they need to say,
• 5:07
  Speaker 1: read the que cards, and we'll sign whatever's put in
• 5:10
  Speaker 1: front of them. And that's what the neocons wanted. Now
• 5:14
  Speaker 1: they are quite upset because but these people have I
• 5:20
  Speaker 1: know some of them, I've had dinner with them. You
• 5:22
  Speaker 1: look them in the eyes and honestly, you don't even
• 5:25
  Speaker 1: see a warm light. I don't know what it is.
• 5:29
  Speaker 1: They were psychologically damaged in the fifties when we had
• 5:33
  Speaker 1: air raids and we had a height underneath their desks
• 5:36
  Speaker 1: in school or something, you know. But I mean, even
• 5:40
  Speaker 1: Robert mc namarr, if you look on YouTube, he with
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  Speaker 1: the neukon took us into Vietnam and he did an
• 5:48
  Speaker 1: apology before he died. He said, we were wrong. We
• 5:51
  Speaker 1: thought Russia was involved and it was just a civil war.
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  Speaker 1: That's very nice, Will. Fifty eight thousand Americans died because
• 5:57
  Speaker 1: you were wrong. And they've done the same thing with
• 6:01
  Speaker 1: every war, you know, it's it. They've never won a
• 6:05
  Speaker 1: single one yet since World War Two, and they've been
• 6:09
  Speaker 1: trying to get us into a war with Russia. That Ukraine.
• 6:15
  Speaker 1: You know, I speak to Ukrainians and I can tell
• 6:18
  Speaker 1: you that there was a coup against Zelensky on May
• 6:23
  Speaker 1: seventh and then he fired as his uh head of
• 6:27
  Speaker 1: the bodyguards, and his bodyguard's really now American squat because
• 6:33
  Speaker 1: he Ukrainians would basically kill him. But the ones I
• 6:39
  Speaker 1: talked to, they said if he was on fire, they
• 6:41
  Speaker 1: wouldn't urinate on him until he was dead. They just
• 6:45
  Speaker 1: see him as a puppet of the West, you know,
• 6:49
  Speaker 1: because there was a piece deal and then bars Johnson
• 6:52
  Speaker 1: hopped on the plane went over there and no, you're
• 6:54
  Speaker 1: not allowed to sign. So you know they see that
• 6:58
  Speaker 1: Ukraine is is just it's a it's a proxy, no
• 7:03
  Speaker 1: different than has Baba is a proxy for Iran. You know.
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  Speaker 1: They just take orders from a central place, and that's
• 7:09
  Speaker 1: what's been going on why. You know, Zelenski's supposed to
• 7:15
  Speaker 1: be defending his territory, well with him, why did he
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  Speaker 1: invade Ukraine and allow Russia to even take more territory
• 7:22
  Speaker 1: in Ukraine? It was they did that to try and
• 7:26
  Speaker 1: desperately get putent to attack anything in NATO. So they
• 7:31
  Speaker 1: can call him the aggressor. It's just esthetic. But my
• 7:37
  Speaker 1: concern now with the election is that the neocons are
• 7:43
  Speaker 1: afraid of Trump. I mean, he's basically said that he's
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  Speaker 1: going to stop all of these wars. Uh, that's what
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  Speaker 1: people really want.
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  Speaker 3: Uh.
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  Speaker 1: I did speak with the RFK, and you know even
• 7:56
  Speaker 1: he was anti war, which is why I was kind
• 7:59
  Speaker 1: of arguing the two of them should get together anyhow.
• 8:02
  Speaker 1: But I mean, this is it. So what have been
• 8:06
  Speaker 1: neo cons done. You can look up and you'll see
• 8:10
  Speaker 1: NATO is basically the retirement home for neo kons, and
• 8:15
  Speaker 1: they were out there trying to raise one hundred billion
• 8:18
  Speaker 1: dollars to keep the war going with Russia if Trump
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  Speaker 1: is elected. They couldn't raise all the money. But you
• 8:26
  Speaker 1: know here you have them also trying to open up
• 8:31
  Speaker 1: in Asia. You know what's NATO doing over there?
• 8:35
  Speaker 2: All?
• 8:36
  Speaker 1: Right? What people have to understand is that this is
• 8:40
  Speaker 1: part of that oh you know, one World government agenda
• 8:44
  Speaker 1: that that comes from the WEF and everybody else there.
• 8:49
  Speaker 1: They think that the UN can can become the peacemakers,
• 8:52
  Speaker 1: solve these bores, uh, and then would be elevated the IMF,
• 8:58
  Speaker 1: who already has its digital currency on the boards. I've
• 9:03
  Speaker 1: spoken about that, and to replace the dolar and the
• 9:08
  Speaker 1: World Bank, and NATO is expecting to be the new
• 9:15
  Speaker 1: defense department for the world. It's I mean, if even
• 9:20
  Speaker 1: if you look at the eight points from Schwab and
• 9:24
  Speaker 1: it's twenty thirty plan in there is that the United
• 9:26
  Speaker 1: States will lose all its power and the military will
• 9:31
  Speaker 1: be handed to you win. I mean, these people are
• 9:34
  Speaker 1: just crazy. But you know, when one thing I learned
• 9:39
  Speaker 1: a long time ago, it's not what you think, it's
• 9:41
  Speaker 1: what they think that you have to pay attention to.
• 9:45
  Speaker 1: Is you might think it, Yeah, I mean it's it's
• 9:49
  Speaker 1: it's insane. I certainly wouldn't even advocate something like that,
• 9:55
  Speaker 1: but that doesn't mean that's other people.
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  Speaker 3: Won't, so so they're stuck with him. Now. He's got
• 10:03
  Speaker 3: to end the war in Ukraine. Prato. I mean, that's
• 10:09
  Speaker 3: first on the agenda, and already the Palestinians are saying, hey,
• 10:15
  Speaker 3: we want we want peace, we want peace just to
• 10:18
  Speaker 3: you know, let us let us survive Hamas. You know,
• 10:22
  Speaker 3: they're willing to give the all of a sudden the hostages.
• 10:26
  Speaker 3: It's kind of like a repeat of Reagan when he
• 10:29
  Speaker 3: came into once.
• 10:30
  Speaker 1: Yeah, when Reagan came in, I ran suddenly gave up
• 10:33
  Speaker 1: all of the hostages there too. You know, that's a
• 10:38
  Speaker 1: reflection that they understand the difference between Trump versus Biden
• 10:43
  Speaker 1: or Camilla and it you know, this is the way
• 10:47
  Speaker 1: it goes. But it's people also have to understand that
• 10:51
  Speaker 1: it's not really just the personality that you're voting for.
• 10:55
  Speaker 1: It's a whole entourage behind it. Can know you're not
• 11:00
  Speaker 1: voting really for her ideas or anything else. It's it's basically, uh,
• 11:07
  Speaker 1: you know, a vote for her was I vote for
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  Speaker 1: Lincoln and the rest of them, the still controlled foreign policy,
• 11:15
  Speaker 1: et cetera.
• 11:16
  Speaker 3: Yeah, you know, she.
• 11:20
  Speaker 1: I've said, you know, people were like kind of shocked,
• 11:22
  Speaker 1: But I mean Hillary would have made a better president,
• 11:24
  Speaker 1: not that I agree with her opinions, but that she
• 11:30
  Speaker 1: is not somebody that allows others to walk all over
• 11:35
  Speaker 1: she's more authoritarian. Now, if she agreed with them, that
• 11:39
  Speaker 1: same thing would happen. But Camilla is like, oh, okay, fine,
• 11:43
  Speaker 1: you know, no problem. That's the whole issue with her.
• 11:49
  Speaker 1: And as I said, this thing was set up from
• 11:53
  Speaker 1: the beginning that the debate with Biden was unprecedented and
• 12:00
  Speaker 1: if you never have a presidential debate before people were
• 12:03
  Speaker 1: even nominated, And one well seasoned Democrat that I know
• 12:11
  Speaker 1: even said to me after that debate, well, now the
• 12:14
  Speaker 1: rest of the world sees what we've seen for two years.
• 12:18
  Speaker 1: I mean, it's a shame. But they stuck him up there.
• 12:21
  Speaker 1: They kept everybody off the ballot so nobody else could
• 12:25
  Speaker 1: interfere with their agenda. He would step down. And then
• 12:31
  Speaker 1: because they had already raised over one hundred million bucks,
• 12:34
  Speaker 1: they just handed it to Camilla. They couldn't hand it
• 12:36
  Speaker 1: to Hillary or Michelle. So you know she had She
• 12:42
  Speaker 1: was all over the media everywhere before the Democratic Convention. So,
• 12:48
  Speaker 1: I mean, this whole thing was was ragged from the beginning.
• 12:52
  Speaker 1: But their biggest problem was they, you know, with all
• 12:55
  Speaker 1: these criminal charges and nonsense, you know, calling January sixth
• 13:02
  Speaker 1: though an insurrection without weapons, you know, ridiculous, It's it's
• 13:08
  Speaker 1: really absurd and and but unfortunately you have a lot
• 13:13
  Speaker 1: of Democrats that are still all caught up in this.
• 13:19
  Speaker 1: Jamie Raskin in particular, even sent a letter to Trump, well,
• 13:23
  Speaker 1: you didn't file this paper, so maybe you're not legitimate.
• 13:27
  Speaker 3: Uh, they're not. They're not going to try that, are they.
• 13:32
  Speaker 1: No. I don't think so. But what I am hearing
• 13:36
  Speaker 1: is that they are planning on a very very large
• 13:39
  Speaker 1: protest in UH in January, and they they wanted to
• 13:44
  Speaker 1: be significant enough that he would be forced to call
• 13:47
  Speaker 1: out the UH National Guard so they can call him
• 13:51
  Speaker 1: a dictator. I mean, you know, it's.
• 13:54
  Speaker 3: Not gonna work. It's not gonna work because people are broken.
• 13:58
  Speaker 3: The left is broken. Now maybe they'll recover in time
• 14:03
  Speaker 3: for inauguration, but right now they're they're uh, they're just
• 14:08
  Speaker 3: a big wet mess here, Martin.
• 14:10
  Speaker 1: You know, these ideas have been tried so many times
• 14:15
  Speaker 1: and they have failed. Uh Stammer is just taking control
• 14:19
  Speaker 1: of Britain and pushing all this stuff in and his
• 14:22
  Speaker 1: his approval rating is plummeted by more than fifty percent.
• 14:28
  Speaker 1: People are not interested in this. America was supposed to
• 14:33
  Speaker 1: be the land of opportunity, and here you come here,
• 14:36
  Speaker 1: and you know, they keep saying, oh, the rich, the rich,
• 14:40
  Speaker 1: the rich. Well, people don't even look at it. The
• 14:43
  Speaker 1: definition of the rich, you know, in the Great Depression
• 14:46
  Speaker 1: was five million dollars. That was an awful lot of
• 14:48
  Speaker 1: money back then, when when a Cadillac with six hundred bucks,
• 14:51
  Speaker 1: you know, and today what is the definition of rich?
• 14:58
  Speaker 1: They went to two hundred and fifty thousand, But then
• 15:00
  Speaker 1: they made it householding. Come so, if you and your
• 15:04
  Speaker 1: wife earned one twenty five apiece, guess what you're it?
• 15:08
  Speaker 3: And you're like lower middle class in New York City
• 15:10
  Speaker 3: if you make in two point fifty.
• 15:13
  Speaker 1: Barely stammer his definition of the riches. Anybody has the savings.
• 15:20
  Speaker 1: I mean, it's just gotten to be so ridiculous that
• 15:26
  Speaker 1: our computer shows that this was thirty four years from
• 15:30
  Speaker 1: the fall of the Berlin Wall. This is where finally
• 15:35
  Speaker 1: socialism Marxist agenda in the West should start to decline.
• 15:41
  Speaker 1: It will be it should be collapsed completely by twenty
• 15:45
  Speaker 1: thirty seven. But just look at people that are Eastern Europe,
• 15:51
  Speaker 1: China and Russia. There's no way they're interested in going
• 15:55
  Speaker 1: back to communism.
• 15:58
  Speaker 3: So what what is next in store for the US?
• 16:02
  Speaker 3: For the dollar, for gold, especially the stock market inflation.
• 16:09
  Speaker 3: What can Trump really do? We've got thirty four trillions
• 16:12
  Speaker 3: worth of debt, We've got hundreds of trillions more in
• 16:17
  Speaker 3: unfunded mandates. I mean, are we expecting too much here?
• 16:21
  Speaker 1: Look, I'm you know, I'm arguing, and you can tell
• 16:24
  Speaker 1: you your viewers to send letters to Trump. I mean,
• 16:29
  Speaker 1: the way out of this is actually not that difficult.
• 16:32
  Speaker 1: What you do is you is your coupons and you
• 16:36
  Speaker 1: swap the debt like I would do to bail out
• 16:39
  Speaker 1: a company. You do it debt to equity swap. Here,
• 16:43
  Speaker 1: you would issue a coupon for your a thirty year
• 16:46
  Speaker 1: bond year holding. They take that to mer Lynch or
• 16:49
  Speaker 1: whatever broger are you're using, and then you can buy
• 16:51
  Speaker 1: either securities shares or corporate debt. They then take the
• 16:58
  Speaker 1: coupon and then the Treasury redeems it end of the debt. Okay,
• 17:03
  Speaker 1: we then also have to prohibit any borrowing in the future,
• 17:09
  Speaker 1: but we can, you know, take thirty four trillion and
• 17:12
  Speaker 1: inject it into the private sector where it belongs. Interest
• 17:16
  Speaker 1: rates will come down because it's the government out there
• 17:21
  Speaker 1: competing with you for money, and they are the biggest
• 17:24
  Speaker 1: Borrower in the room.
• 17:26
  Speaker 3: So your org down effect, right, the crowding out effect. Yeah.
• 17:30
  Speaker 1: And I had worked on all of this back in
• 17:32
  Speaker 1: the nineties with Dick Army and Bill Archer back back then,
• 17:38
  Speaker 1: and I was asked if to take some security to
• 17:44
  Speaker 1: redesign it to make it a wealth fund, and I did.
• 17:48
  Speaker 1: I said, okay, fine, this is how we do it.
• 17:51
  Speaker 1: People submit their track records. I said, I want a
• 17:55
  Speaker 1: live track record for ten years. And the Democrats wouldn't
• 18:01
  Speaker 1: vote for because they said when they got in they
• 18:03
  Speaker 1: wanted to change the fund managers. I said, I don't
• 18:07
  Speaker 1: care who they voted for. You're giving this on the
• 18:11
  Speaker 1: track record. You know, maybe the guy didn't even vote.
• 18:13
  Speaker 1: I don't care about that. But had we done that,
• 18:18
  Speaker 1: that down back then was only fifty five hundred, had
• 18:22
  Speaker 1: we converted that to a wealth fund, so security would
• 18:27
  Speaker 1: be most people are paying more in so security taxes
• 18:33
  Speaker 1: than they are an income tax, that wouldn't be there.
• 18:37
  Speaker 1: I mean, so there are ways to do this, but
• 18:41
  Speaker 1: you're talking about the bureaucrats. All they're feeding it to trough.
• 18:47
  Speaker 1: You're paying for their grand children to go to college.
• 18:50
  Speaker 1: And it look, we can straighten this out if we
• 18:55
  Speaker 1: you know, really give it a shot. Trump has at
• 19:00
  Speaker 1: least come out and said he wanted to eliminate the
• 19:02
  Speaker 1: income tax, but it's putting on towers and replace. I mean,
• 19:08
  Speaker 1: that would help, but as I said, when you go
• 19:12
  Speaker 1: down the line, you'll see a lot of people are
• 19:16
  Speaker 1: paying more in security than they are in income tax.
• 19:21
  Speaker 1: So we have to deal with the debt problem. If
• 19:24
  Speaker 1: we can do that, we can really straighten out and
• 19:28
  Speaker 1: really then do make America grat again.
• 19:31
  Speaker 3: So is there the will to do it because the
• 19:35
  Speaker 3: banks don't really want us to do that. The banks
• 19:38
  Speaker 3: want to see debt go up and up forever, right,
• 19:42
  Speaker 3: even though it's eventually going to destroy everything, including them.
• 19:46
  Speaker 3: But this is how they make their money, right.
• 19:49
  Speaker 1: Well, yes, but that's also starting to come to an end.
• 19:53
  Speaker 1: Is the problem here is to be a primary dealer,
• 19:58
  Speaker 1: you have to sign on and agreed to by so
• 20:00
  Speaker 1: much debt, then you get to resell it. If you
• 20:05
  Speaker 1: can't sell it, you're stuck with it. So it's the
• 20:08
  Speaker 1: banks that would be stuck with it. Our interest expenditures
• 20:12
  Speaker 1: this year about a trillion dollars. You know, just in
• 20:16
  Speaker 1: five years they're going to be over three to five trillion.
• 20:20
  Speaker 1: The banks don't have enough capital themselves because they have
• 20:25
  Speaker 1: to guarantee to buy this debt in advance. That's not
• 20:29
  Speaker 1: going to happen. So we're at the point where the
• 20:32
  Speaker 1: banks themselves are not going to be able to handle it.
• 20:35
  Speaker 3: Okay, So it's in everybody's interest, and we need something
• 20:41
  Speaker 3: innovative here, out of the box thinking, which we haven't had,
• 20:45
  Speaker 3: you know, in our country in quite a while, have we.
• 20:50
  Speaker 1: Look, I'm a trader, and the problem is most of
• 20:54
  Speaker 1: the academics are all left this. You know. In fact,
• 20:59
  Speaker 1: once Central Bank it told one of the major companies
• 21:02
  Speaker 1: and uh this, look, I can't talk to you. You
• 21:05
  Speaker 1: call Armstrong and it was very interesting. I got on
• 21:08
  Speaker 1: the phone. Is look, I'm only calling you because they said,
• 21:11
  Speaker 1: you know, uh, it's I have no respect for academics.
• 21:14
  Speaker 1: This is great because I'm not an academic, I said,
• 21:21
  Speaker 1: a trader. You know, I've seen it live, what happens.
• 21:25
  Speaker 1: You know, I'm non theory.
• 21:28
  Speaker 3: So this is basically good for everyone because I think,
• 21:33
  Speaker 3: correct me if I'm wrong. You got you got better
• 21:35
  Speaker 3: sources than I do. But Trump understands that we're we're
• 21:39
  Speaker 3: really coming to the end here. Something major has got
• 21:42
  Speaker 3: to be done. Yes.
• 21:45
  Speaker 1: Look, one thing about Trump is that he understands debt
• 21:50
  Speaker 1: and uh, he understands bankruptcy et cetera. You know, all right, fine,
• 21:57
  Speaker 1: you know people always been there. Look you he's sell
• 22:00
  Speaker 1: me with a least experience and he's at least been
• 22:04
  Speaker 1: through that, so he knows what it is and you're
• 22:08
  Speaker 1: just looking at it from a government side. I mean,
• 22:13
  Speaker 1: what has been interesting. I've been getting more calls probably
• 22:17
  Speaker 1: from foreign governments about what happens now about Trump. It's
• 22:23
  Speaker 1: very interesting because they too, particularly in Europe, they were
• 22:30
  Speaker 1: so sold on this idea that that Camilla was going
• 22:33
  Speaker 1: to win. Even you know, the the Economist magazine in London,
• 22:38
  Speaker 1: which is I think couldn't possibly walk a straight line.
• 22:43
  Speaker 1: Oh we're endorsing you know, Camilla. You know it's look,
• 22:48
  Speaker 1: you even had, you know, Dick Cheney endorsing Camilla. That's
• 22:52
  Speaker 1: proof that the neocons were there.
• 22:56
  Speaker 3: You know, I knew there are several reasons. I knew
• 22:59
  Speaker 3: it was over the botched assassination attempts could only build
• 23:05
  Speaker 3: build support for them. But when I saw the Washington
• 23:09
  Speaker 3: Post refrain from endorsing Camilla and pledged to never endorse
• 23:15
  Speaker 3: another presidential candidate. Look, who controls the Washington Post write
• 23:22
  Speaker 3: a certain three letter agency that begins with C. The Grahams,
• 23:27
  Speaker 3: Drothy Graham, They were CIA assets, Woodward and Bernstein. I
• 23:32
  Speaker 3: don't know if they're assets or they're just dupes. I'll
• 23:35
  Speaker 3: assume they're genuinely good hearted, kind hearted, misguided libs and
• 23:39
  Speaker 3: they're dupes. But who who did Watergate? And whenever that
• 23:44
  Speaker 3: agency leaks, who do they leak to The Washington Post
• 23:49
  Speaker 3: and Jeff Bezos. The rumor is, although now it's been
• 23:53
  Speaker 3: wiped from the Internet and I can't find it, but
• 23:55
  Speaker 3: that the CIA's venture capital fund was one of the
• 23:59
  Speaker 3: early investors in Amazon and the biggest customer of Amazon
• 24:04
  Speaker 3: Web Services, the most profitable division, or perhaps the only
• 24:08
  Speaker 3: profitable division of Amazon. So they seem to have capitulated
• 24:14
  Speaker 3: ahead because they knew what was coming.
• 24:17
  Speaker 1: Well, I can tell you that I've known journalists over
• 24:22
  Speaker 1: the years, and one of the very senior guy that
• 24:26
  Speaker 1: had one of the top three newspapers in New York,
• 24:28
  Speaker 1: and he explained how it really works. He says, the
• 24:32
  Speaker 1: government will call you and say we have a saber.
• 24:37
  Speaker 1: We want you to spend this story this way, or
• 24:39
  Speaker 1: kill it or whatever. It is. If you do not,
• 24:43
  Speaker 1: they come after you personally. Well let's see your taxes, etc.
• 24:49
  Speaker 1: You know, Snowden was giving his information to a journalist
• 24:54
  Speaker 1: in California who suddenly drove himself into a tree and died,
• 24:59
  Speaker 1: all right, giving it to the Guardian in London.
• 25:02
  Speaker 3: A lot of bad drivers and those journalists they have
• 25:04
  Speaker 3: a lot of one car accidents hitting trees and uh yeah,
• 25:09
  Speaker 3: freet beams. You know.
• 25:12
  Speaker 1: Even the movie they did on me, the Forecaster, it
• 25:16
  Speaker 1: was a German funded by German TV, and the somebody
• 25:22
  Speaker 1: broke into their offices over there stole what they thought
• 25:26
  Speaker 1: was the film, but they had a backup. I mean
• 25:30
  Speaker 1: that was in Germany, they did it. I mean it's
• 25:35
  Speaker 1: and even if you look at the film and there
• 25:39
  Speaker 1: there's a guy named Olover Brown who worked for the
• 25:42
  Speaker 1: Er of Prisons at the time or he had had
• 25:47
  Speaker 1: done so, and in there he said the FBI showed
• 25:50
  Speaker 1: up at his house the day before to try and
• 25:53
  Speaker 1: intimidate him not to be in a movie.
• 25:56
  Speaker 3: Unbelievable.
• 25:57
  Speaker 1: Well, how did they know when the movie crew was
• 26:00
  Speaker 1: even going to go there? Unless they were illegally tapping somebody?
• 26:04
  Speaker 3: Loving it and I love conspiracy theories because they're not
• 26:07
  Speaker 3: really theories. The term conspiracy theorist was created by that
• 26:11
  Speaker 3: certain three letter agency to discredit critics of the Warren
• 26:16
  Speaker 3: Commission and the investigation of JFK's assassination. Let's get to
• 26:22
  Speaker 3: something Trump mentioned, which parallels something that you and I.
• 26:26
  Speaker 3: As I'm putting together our book, my conversations, my decade
• 26:31
  Speaker 3: long conversations with the Master Forecaster, I came across it
• 26:36
  Speaker 3: where you said there shouldn't even be an income tax,
• 26:39
  Speaker 3: and lo and behold. Two three weeks ago, Trump says,
• 26:43
  Speaker 3: let's get rid of the income tax. You had a column,
• 26:49
  Speaker 3: you know, one of your eblasts about that very topic.
• 26:53
  Speaker 3: How would that work? Could we just do it on
• 26:55
  Speaker 3: a tariff's and a consumption tax? And is there any
• 27:00
  Speaker 3: possible way Martin to get this done? Because the worst
• 27:04
  Speaker 3: days of just about everybody's life out there generally start
• 27:08
  Speaker 3: in April first, and they end around April sixteenth, when
• 27:13
  Speaker 3: you have to like try to put all this stuff together,
• 27:15
  Speaker 3: unless you're like me and I do extensions periodically. But
• 27:19
  Speaker 3: that's the worst time of the year.
• 27:22
  Speaker 1: Yeah, I mean, look, it's I actually debated Steve Forbes,
• 27:28
  Speaker 1: and back then it was Governor Florio of New Jersey
• 27:33
  Speaker 1: at Princeton University. And Florio was known that, you know,
• 27:36
  Speaker 1: if it moved, tax it, and if it died, take
• 27:38
  Speaker 1: it would take whatever's left you out. And so I
• 27:45
  Speaker 1: was taking the middle ground between Steve he wanted the
• 27:49
  Speaker 1: flat tax, and Florio, which really like I said, tax everything.
• 27:54
  Speaker 1: And I turned to him and I said, you know,
• 27:57
  Speaker 1: you're borrowing from the poor and you don't even have
• 28:01
  Speaker 1: the dignity to pay him interest. What were you talking about,
• 28:05
  Speaker 1: I said, because everybody waits for the refund check. So
• 28:08
  Speaker 1: you're taking their money from the from the lower echelon,
• 28:12
  Speaker 1: from the poor, and you don't even paying him interest.
• 28:15
  Speaker 1: And he had no way to come back.
• 28:18
  Speaker 3: If there is none, there is no there is argument.
• 28:23
  Speaker 1: Look, Dick Army was for the flat tax, Bill Archer
• 28:28
  Speaker 1: was for the retail sales tax. I was the one
• 28:31
  Speaker 1: shuffling back and forth between the two. I finally gave up.
• 28:36
  Speaker 1: You know, I was sitting in Dick Army's office and
• 28:38
  Speaker 1: he said, more, do you know cycles I said yes,
• 28:41
  Speaker 1: And he said if we don't we you know, I
• 28:44
  Speaker 1: can't agree to the retail sales tax because we won't
• 28:48
  Speaker 1: be able to repeal the sixteenth Amendment, and when the
• 28:51
  Speaker 1: Democrats get back in, you'll know what, you know, what
• 28:54
  Speaker 1: will happen.
• 28:55
  Speaker 3: We'll have boats.
• 28:56
  Speaker 1: And I said, Dick, you're right, and I just kind
• 28:58
  Speaker 1: of gave up at that point. So we're not going
• 29:02
  Speaker 1: to get the sixteenth Amendment, you know, repeat, because the state,
• 29:07
  Speaker 1: the states, you're all going to have that. So what
• 29:08
  Speaker 1: we can do is basically just eliminate the income taxes.
• 29:14
  Speaker 1: We don't need it, stop the borrowing, all right, get
• 29:19
  Speaker 1: rid of the debt, as I said with the cube
• 29:21
  Speaker 1: on issue, all right. And then when you do that,
• 29:25
  Speaker 1: you then have to take security and turn it into
• 29:28
  Speaker 1: wealth bund because it's all stuffed in there with the debt.
• 29:32
  Speaker 1: And we don't need taxes when taxes were only necessary
• 29:39
  Speaker 1: historically because money was gold and silver coin, so the
• 29:43
  Speaker 1: king had to get some backed in order to spend. Yes, okay,
• 29:47
  Speaker 1: now it's just paper, all right. There's no reason for
• 29:51
  Speaker 1: us to be borrowing our own paper or to even be,
• 29:55
  Speaker 1: you know, imposing taxes to get some of the paper back.
• 29:59
  Speaker 1: It's not necessary.
• 30:01
  Speaker 3: Are we just prompt? Do we just print? The difference
• 30:03
  Speaker 3: is that.
• 30:04
  Speaker 1: It yes, it is far less over seventy percent of
• 30:09
  Speaker 1: the national debt at times has been a cumulative interest.
• 30:13
  Speaker 3: Yeah.
• 30:14
  Speaker 1: I mean, if we had just printed the money we needed,
• 30:19
  Speaker 1: we wouldn't be anywhere close to a thirty four trillion
• 30:23
  Speaker 1: dollar deficit and you wouldn't have the inflation. We have
• 30:26
  Speaker 1: this idea that printing is inflationary versus borrowing is nonsense.
• 30:32
  Speaker 1: That was back during the Brenton Woods days. If you
• 30:37
  Speaker 1: had a need bond, you went to the bank and
• 30:39
  Speaker 1: you say can I borrow? And it was illegal. You
• 30:42
  Speaker 1: couldn't bar against government debt. So after nineteen seventy one
• 30:46
  Speaker 1: you went trade futures. You can buy T bills, Fannie
• 30:49
  Speaker 1: May's whatever, Postmas collateral with the broker, all right, so
• 30:54
  Speaker 1: you can borrow. It's money that pays interest. That's it.
• 30:57
  Speaker 1: There's no difference between printing it and borrowing it, other
• 31:01
  Speaker 1: than if you borrow what you pay injuries, whereas your
• 31:03
  Speaker 1: printed you don't. So it would be less inflationary today
• 31:07
  Speaker 1: to print than to borrow. And let's just look at
• 31:12
  Speaker 1: this realistically. Get rid of the debt, stop the borrowing.
• 31:17
  Speaker 1: We won't have the interest expenditures. And look over fifty
• 31:21
  Speaker 1: percent of the interest that we spend goes out of
• 31:24
  Speaker 1: the country and China owns ten percent of the national debt,
• 31:29
  Speaker 1: so two hundred billion of the interesting this year goes
• 31:34
  Speaker 1: to China.
• 31:35
  Speaker 3: And also you're looking at, you know, the banking system
• 31:42
  Speaker 3: becoming unsustainable as a result of this.
• 31:46
  Speaker 1: Yeah, I mean it's like I said, a primary dealer
• 31:50
  Speaker 1: has to it gets that license, but it must guarantee
• 31:53
  Speaker 1: to buy a certain amount of the debt. And you're
• 31:57
  Speaker 1: this level of debt is exceeding the cap fertalization of
• 32:01
  Speaker 1: the primary dealers. They're not going to be able to
• 32:05
  Speaker 1: keep this system going. And look at the federal budget.
• 32:09
  Speaker 3: What we're paying out money for half of it's wasted, right,
• 32:12
  Speaker 3: I mean, I think any normal person could agree. We
• 32:15
  Speaker 3: got I did a chat GPT search, give me the
• 32:18
  Speaker 3: top one hundred agencies I could get rid of and
• 32:21
  Speaker 3: nobody would even notice it. And half those names, Martin,
• 32:25
  Speaker 3: I didn't even know they existed. I had no idea
• 32:28
  Speaker 3: they were an entity, and you could replicate the same
• 32:30
  Speaker 3: exact thing on the state level. This is to require
• 32:34
  Speaker 3: like a revolution at paradigm shift in thinking, isn't it.
• 32:38
  Speaker 1: Look when I lived in New Jersey, every little hamlet
• 32:41
  Speaker 1: had a chief of police and a police force because
• 32:44
  Speaker 1: they used it to raise money. Here in Florida, we
• 32:48
  Speaker 1: have the police forces for the county and so you know,
• 32:53
  Speaker 1: I was driving down the you know, park boulevard. I
• 32:56
  Speaker 1: wasn't paying attention because nobody was on the road. He is, all,
• 32:58
  Speaker 1: you're doing fifteen or third. I'm sorry, I wasn't very
• 33:03
  Speaker 1: paying attention and it took my licensees. You never had
• 33:07
  Speaker 1: a ticket, I said, no, Well, here, I don't want
• 33:09
  Speaker 1: to be the first one to give you one. I mean,
• 33:12
  Speaker 1: that would never take place in New Jersey. New Jersey.
• 33:15
  Speaker 1: They would have called out the swat team, figured it
• 33:17
  Speaker 1: out how to be a fake name. I mean Jersey.
• 33:22
  Speaker 1: They would give you a parking ticket in a private
• 33:24
  Speaker 1: parking lot if you were slightly over the line, and
• 33:27
  Speaker 1: it was just ridiculous. They used it to raise money.
• 33:32
  Speaker 1: And that's the big difference I see, you know, from
• 33:36
  Speaker 1: Florida versus New Jersey. I mean, New Jersey was horrible.
• 33:41
  Speaker 3: But no income tax in Florida, so automatically of the
• 33:46
  Speaker 3: budget is less than half of the budget of New
• 33:48
  Speaker 3: York State with three or four million more people, which
• 33:53
  Speaker 3: is a pretty mean feat.
• 33:56
  Speaker 1: Yeah. Look, you have a lot of retire people down here,
• 34:01
  Speaker 1: so that's good because they keep that check against government.
• 34:05
  Speaker 1: They can't raise the taxes on them too much. And look,
• 34:10
  Speaker 1: this is why you know Florida is the number one
• 34:13
  Speaker 1: stay everybody's moving to. Yeah, California is the number one
• 34:17
  Speaker 1: state people were leaving.
• 34:19
  Speaker 3: Funny, And the weather in California is actually better than
• 34:22
  Speaker 3: the weather in Florida. The beaches are better in Florida,
• 34:25
  Speaker 3: for sure, but the actual year round weather, a dryness,
• 34:28
  Speaker 3: all that, it's better generally in California. So don't tell
• 34:32
  Speaker 3: me it's the weather why people come here in stead
• 34:34
  Speaker 3: in California.
• 34:36
  Speaker 1: Well, you know, people are leaving there, So what does
• 34:39
  Speaker 1: Newsom do. Oh, let's put an exit a tax to
• 34:42
  Speaker 1: punish them.
• 34:42
  Speaker 3: For leaving, like New Jersey. New Jersey's had one. Yeah,
• 34:46
  Speaker 3: it's got to be unconstitutional. No one's ever challenged it. Well,
• 34:50
  Speaker 3: it's going to be interesting to see what happens here.
• 34:53
  Speaker 3: Will things really change or will they just go on
• 34:56
  Speaker 3: the way they did? Kind of Trump's first term, I
• 34:59
  Speaker 3: think he knew who all the players are. The other
• 35:02
  Speaker 3: thing is he's going to hit the ground running, you know,
• 35:06
  Speaker 3: all those executive orders, immigration and everything else he plans
• 35:10
  Speaker 3: to do. He's going to walk into the White House
• 35:12
  Speaker 3: with them. It's not like he's going to have to
• 35:14
  Speaker 3: try to figure out, well, what should I do first?
• 35:17
  Speaker 3: Who should I appoint to this? Who should I appoint
• 35:19
  Speaker 3: to that? You know, it might be the best thing
• 35:21
  Speaker 3: that ever happened for the country that the suspicious way
• 35:25
  Speaker 3: in which the twenty twenty election you know, took place
• 35:30
  Speaker 3: and proclaimed the winner, making him have two unconsecutive terms,
• 35:36
  Speaker 3: might make him way more effective than if he had
• 35:39
  Speaker 3: just continued on a second term. Yes.
• 35:41
  Speaker 1: Well, also, I can tell you because you know, I
• 35:45
  Speaker 1: used to be part of the wedding process for picking
• 35:47
  Speaker 1: presidents and I would send me in, I would meet them, Okay,
• 35:50
  Speaker 1: and I know because I've been there. You take Bush Junior.
• 35:56
  Speaker 1: He did not pick Dick Cheney. But you know the
• 35:59
  Speaker 1: deep state that picked the cabinet, they did the same
• 36:02
  Speaker 1: thing that Trump. They said, oh, you know, you're not
• 36:05
  Speaker 1: a politician. We have to give confidence to the world,
• 36:08
  Speaker 1: and we need people with experience in here. They put
• 36:11
  Speaker 1: in John Bolton. You know, even Trump said, you know,
• 36:15
  Speaker 1: fired him. He says he wanted to start World War
• 36:17
  Speaker 1: three because they shot down an unmanned drone.
• 36:25
  Speaker 3: Drunes are one hundred dollars a piece now less than
• 36:27
  Speaker 3: one hundred dollars, so that's really worth going to war for.
• 36:32
  Speaker 1: Yeah, I mean it's it's uh, look, I've known these people.
• 36:37
  Speaker 1: I knew Bill Crystal even spoke at our conferences. His
• 36:40
  Speaker 1: father started the old Neocon movement, and you know his
• 36:44
  Speaker 1: his stick was to uh he wanted to remove Saddam
• 36:48
  Speaker 1: Husane uh Kadaffi and Asade out of Syria and get
• 36:53
  Speaker 1: rid of these dictators who will bring democracy to the
• 36:56
  Speaker 1: Middle East and create pieces that you're out of your
• 36:58
  Speaker 1: mind I dream.
• 37:00
  Speaker 3: Yeah.
• 37:00
  Speaker 1: I mean, look, it's the same thing with Russia. It's
• 37:04
  Speaker 1: regime change all the time that they're interested in and
• 37:08
  Speaker 1: sticking in their puppets to run something.
• 37:11
  Speaker 3: Well, they got their regime change this time. Martin. Hey,
• 37:14
  Speaker 3: going to see you tomorrow Friday, on November eighth, at
• 37:19
  Speaker 3: your conference in Orlando. I'll have the link in the
• 37:24
  Speaker 3: show notes. Sign up for the conference if you haven't
• 37:26
  Speaker 3: done it already. If any of you out there are
• 37:28
  Speaker 3: going to be there, send me an email kl Carrie
• 37:32
  Speaker 3: at Carrie LUTs dot com. I'll buy you a drink. Martin.
• 37:35
  Speaker 3: Will see you tomorrow. Be well.
• 37:37
  Speaker 1: Oh, thanks a lot, It's always good to see you.
• 37:40
  Speaker 1: Take care of yourself there.
• 37:41
  Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 37:45
  Speaker 2: solution to today's trying times. For the latest, go to
• 37:49
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,