Latest / Financial Survival Network / The Cycles of Power & Economics with Martin Armstrong # 6229

Transcript

The Cycles of Power & Economics with Martin Armstrong # 6229 · Financial Survival Network

• 0:00
  Speaker 1: And where I got out of Congress was that we
• 0:05
  Speaker 1: can't do that because we'd have to lay off fifty
• 0:07
  Speaker 1: thousand people. So it's never about what's right or wrong
• 0:11
  Speaker 1: or about the people. Government is not Santa Claus. They're
• 0:15
  Speaker 1: not here to protect you. They could care less. This
• 0:18
  Speaker 1: is all about than retaining power. That's it.
• 0:21
  Speaker 2: You are listening to Carrie let'sa's Financial Survival Network where
• 0:25
  Speaker 2: you get valuable information. You just can't find anywhere else
• 0:29
  Speaker 2: to thrive in today's trying times. You need the Financial
• 0:32
  Speaker 2: Survival Network now more than ever. Go to Financial Survivalnetwork
• 0:37
  Speaker 2: dot com and get your free newsletter and gift. Financial
• 0:41
  Speaker 2: Survival Network now more than ever.
• 0:48
  Speaker 3: And welcome you are listening to and watching the Financial
• 0:52
  Speaker 3: Survival Network.
• 0:53
  Speaker 4: I'm your host, Carrie Letz. Martin Armstrong is with us.
• 0:56
  Speaker 3: Now we're going to be talking about Trump's first two weeks,
• 1:00
  Speaker 3: the tariffs, what is happening, the inevitable recession? Isn't inevitable?
• 1:06
  Speaker 3: And is there anything that can be done? Are the cycles?
• 1:10
  Speaker 3: The cycles rule? And that's it. Bartie. It's great to
• 1:13
  Speaker 3: have you back on the show. So quite quite a
• 1:16
  Speaker 3: show for the past two weeks.
• 1:18
  Speaker 1: Huh oh yeah, very interesting the Chinese curse. Right, maybe
• 1:22
  Speaker 1: we live in interesting times.
• 1:24
  Speaker 3: Especially if you're an FBI agent where you work for
• 1:28
  Speaker 3: the Department of Justice.
• 1:30
  Speaker 4: You got real interesting times there. Huh.
• 1:33
  Speaker 1: Well, they from the getting what you know, they deserve. Actually,
• 1:36
  Speaker 1: and I don't know, it's people have to understand about
• 1:43
  Speaker 1: government agencies. The same thing applies to NATO et cetera.
• 1:48
  Speaker 1: I mean it just take NATO as an example, and
• 1:50
  Speaker 1: they were created when there was communists and communism failed.
• 1:54
  Speaker 1: We really don't need NATO anymore, all right, And I've
• 1:57
  Speaker 1: seen the internal memos. How do we remain relevant? The
• 2:01
  Speaker 1: only way they remain relevant is by scaring the hell
• 2:05
  Speaker 1: out of everybody. Oh, Russia's going to come in, Ukraine falls,
• 2:09
  Speaker 1: They're going to take the rest of Europe. I mean,
• 2:11
  Speaker 1: it's just so send us money. They got to keep
• 2:15
  Speaker 1: their jobs. That's what this is all about. And every
• 2:18
  Speaker 1: agency is the same. I've said before. Back in the eighties,
• 2:23
  Speaker 1: you know, after the eighty seven you know crisis, the
• 2:27
  Speaker 1: crash there, the SEC was blaming the CFTC. SEEFTC was
• 2:31
  Speaker 1: BLAMINGCC you know, and I said, look, we should just
• 2:35
  Speaker 1: merge the two. And I said, everybody has one regulator
• 2:41
  Speaker 1: and where I got out of Congress was that we
• 2:46
  Speaker 1: can't do that because we'd have to lay up fifty
• 2:49
  Speaker 1: thousand people. So it's never about what's right or wrong
• 2:53
  Speaker 1: or about the people. Government is not Santa Claus. They're
• 2:57
  Speaker 1: not here to protect you. They could care less. This
• 3:00
  Speaker 1: is all about them retaining power.
• 3:02
  Speaker 4: That's it. I don't think they're.
• 3:04
  Speaker 1: All these agencies that you're going to see those going
• 3:07
  Speaker 1: into it's going to be the same thing.
• 3:08
  Speaker 3: Yeah, you think does is going to fail because right now,
• 3:12
  Speaker 3: as of last night, it looks like they eliminated the USAID,
• 3:16
  Speaker 3: which has been a deep state slush fund for over
• 3:21
  Speaker 3: sixty years. In fact, it was started by Kennedy during
• 3:24
  Speaker 3: the Cold War and it's really outlived its usefulness. But
• 3:29
  Speaker 3: now we find out they're funneling money, laundering money all
• 3:33
  Speaker 3: over the planet. They're feeding the prosecutors that were waging
• 3:39
  Speaker 3: law fair against Trump. They were doing it the Wuhan lab.
• 3:44
  Speaker 3: They funded Bill Crystal, I mean, the immigrants coming in,
• 3:49
  Speaker 3: the illegal alien invasion. They've been financing that. So it
• 3:55
  Speaker 3: looks like they're finished now maybe it's the first of
• 3:58
  Speaker 3: a lot more. I mean, Marty, can they really cut
• 4:01
  Speaker 3: a trillion dollars off the budget.
• 4:03
  Speaker 1: Oh they could, so will they be assassinated and trying
• 4:06
  Speaker 1: to doce it?
• 4:10
  Speaker 4: Yeah? I mean yourselves.
• 4:13
  Speaker 1: Look just look at the testimony. A day before nine eleven,
• 4:18
  Speaker 1: you had Rumsfeld. I think it was some two trillion
• 4:22
  Speaker 1: dollars was missing from the Pentagon budget, right missing, he
• 4:26
  Speaker 1: testified before Congress. Oh this is outrageous. I promise we'll
• 4:31
  Speaker 1: start an investigation. You know tomorrow. What happens the plane
• 4:35
  Speaker 1: to hit the Pentagon hit the very room where all
• 4:39
  Speaker 1: the records were. Oh, so sorry, we can't do that now,
• 4:43
  Speaker 1: I mean, how you know? And they still say the
• 4:48
  Speaker 1: Pentagon can't account for trillions of dollars? How you know?
• 4:54
  Speaker 4: Did they failed the last seven audits? Right?
• 4:57
  Speaker 1: Yeah? I mean, look the irs comes in the audit.
• 4:59
  Speaker 1: You're this is all I can't account for that. I
• 5:02
  Speaker 1: don't think you're going to remain in business very law.
• 5:07
  Speaker 4: You'll be gone.
• 5:08
  Speaker 1: Yeah, they'll lock you up, they'll you know, shut your
• 5:11
  Speaker 1: things down. You can't have SYLG.
• 5:14
  Speaker 4: You know.
• 5:14
  Speaker 1: Sorry, I didn't have time to do my accounting. You know,
• 5:18
  Speaker 1: the excuses for them are substantially different. For us, we
• 5:23
  Speaker 1: would be looking at jail time.
• 5:27
  Speaker 3: Yeah, well, maybe some of them. Are you know there's
• 5:31
  Speaker 3: purges taking place at the FBI and the DOJ. And
• 5:35
  Speaker 3: based on your personal experience with these these agencies, I'm
• 5:41
  Speaker 3: sure you're taking a little happiness in that.
• 5:45
  Speaker 1: People don't understand how it works. I mean, they're up
• 5:49
  Speaker 1: for sale. And in my case, I went to this
• 5:55
  Speaker 1: reverse profer or. They're telling you why you should take
• 5:58
  Speaker 1: a deal. Admit, Oh, we know, we didn't take any money.
• 6:03
  Speaker 1: I mean, no shit, Okay, how do you get a
• 6:06
  Speaker 1: billion dollars out of the bank and nobody knows where
• 6:08
  Speaker 1: it is. It's impossible, all right, you had to wire
• 6:11
  Speaker 1: it out. They didn't get it out of one dollar bills,
• 6:13
  Speaker 1: you know, But they're paid for it by the banks.
• 6:19
  Speaker 1: That's it, you know, the bank stole the money you
• 6:25
  Speaker 1: any reason. In my case, I met with my clients.
• 6:30
  Speaker 1: I said, you have to sue the bank. They did,
• 6:34
  Speaker 1: then they put a gag order on me to prevent
• 6:36
  Speaker 1: them from helping my own clients. Yeah, I mean, it
• 6:40
  Speaker 1: all to protect the bank, you know. And it's then
• 6:44
  Speaker 1: the bank gets to pleate guilty. Nobody goes to jail,
• 6:48
  Speaker 1: no fines, nothing, no fine, just return the money that
• 6:52
  Speaker 1: the stole. When I asked the lawyer in New York.
• 6:57
  Speaker 1: I said, you know, how come no bank wherever goes
• 6:59
  Speaker 1: to jail. Quite frankly, he said, you don't ship where
• 7:02
  Speaker 1: you eat.
• 7:03
  Speaker 3: Uh And and you know, the Southern District has always
• 7:07
  Speaker 3: been the focal point.
• 7:10
  Speaker 1: It's one of the most corrupt in the country. You
• 7:14
  Speaker 1: can even google us versus Zicatello. The judge gets caught
• 7:19
  Speaker 1: changing the transcripts. Now, if you or I changed court records,
• 7:24
  Speaker 1: it's a jail sentence.
• 7:28
  Speaker 3: As attorney, certify the accuracy of what you're producing in
• 7:33
  Speaker 3: New York State.
• 7:34
  Speaker 1: And the Second Circuit simply says, we know this is
• 7:39
  Speaker 1: a practice in the Southern District in New York. It's
• 7:43
  Speaker 1: rather unique. We suggest that they stop, but we don't
• 7:47
  Speaker 1: think we have the power to order judges to obey
• 7:50
  Speaker 1: the law. I mean, you just can't make up this stuff,
• 7:55
  Speaker 1: you know, as a Trump walked into with that. The
• 8:00
  Speaker 1: judge wasn't even a judge. He was a prosecutor acting
• 8:03
  Speaker 1: as a judge. How does he get the most important
• 8:06
  Speaker 1: case in New York City history as an acting judge.
• 8:12
  Speaker 3: I mean, it just you can't make the difference. The
• 8:17
  Speaker 3: difference is that Trump won, you know, he beat them
• 8:21
  Speaker 3: all how did he do it?
• 8:23
  Speaker 1: When he won the election? They were really scrooge. But
• 8:28
  Speaker 1: I could tell you what they were saying in DC.
• 8:30
  Speaker 1: They brought all this stuff against him. Oh if we
• 8:34
  Speaker 1: make him a fill and no, we will vote for him.
• 8:36
  Speaker 1: This is what they really believed.
• 8:38
  Speaker 4: And the opposite effect.
• 8:41
  Speaker 1: Yeah, it's you know, even in my case. I did
• 8:48
  Speaker 1: a conference in twenty eleven because they wanted to do
• 8:51
  Speaker 1: this movie and I was told you'd be lucky if
• 8:53
  Speaker 1: twenty five people show up. Anymore. We had over a
• 8:56
  Speaker 1: thousand people and I was shot and I asked him,
• 9:00
  Speaker 1: I said, what why did you come? I said, was
• 9:02
  Speaker 1: really stunned, and they said I wanted to make sure
• 9:06
  Speaker 1: it was really you. Anybody can put it on this thing,
• 9:10
  Speaker 1: just says Martin Ormstrong. I said, boor, you guys really
• 9:13
  Speaker 1: don't trust government, do you? It is in no way,
• 9:16
  Speaker 1: But you know, I never thought of it from that perspective.
• 9:19
  Speaker 4: It was like Marty, Yeah, you're a beacon.
• 9:23
  Speaker 3: I mean I see the comments pop up on YouTube,
• 9:26
  Speaker 3: and you know they're controlled opposition. You know, don't just
• 9:31
  Speaker 3: say this stuff. They're still but evidently you have a pass.
• 9:36
  Speaker 3: Now they're through with you. They're onto other things. I
• 9:39
  Speaker 3: guess right, well, I think that.
• 9:43
  Speaker 1: It's it's gotten down to the point they just want
• 9:45
  Speaker 1: to know what the computer says anymore. Before it was
• 9:50
  Speaker 1: like we want the code. Now I'm not giving you
• 9:53
  Speaker 1: the code. And I think they thought that they could
• 9:57
  Speaker 1: just you know, yeah, you know, it's first of all,
• 10:02
  Speaker 1: you give them the code, that's the only thing you have. Yeah,
• 10:06
  Speaker 1: then what good are you afterwards? And then you know,
• 10:09
  Speaker 1: you end up in the ditch.
• 10:11
  Speaker 4: Do you have any regrets?
• 10:12
  Speaker 1: No, I mean I think everything worked out the way
• 10:17
  Speaker 1: it was supposed to work out. You know, my lawyer,
• 10:22
  Speaker 1: Richard Oltman, they went after their lawyers to remove them,
• 10:26
  Speaker 1: and his parting words to me was you should have fled.
• 10:31
  Speaker 1: I said, what you should have went to England. They
• 10:35
  Speaker 1: would have had to put on a real case to
• 10:37
  Speaker 1: get you back. And it says New York is just
• 10:41
  Speaker 1: forget it. They practiced law their way. It's different than
• 10:45
  Speaker 1: the rest of the country. That's why when they charged
• 10:48
  Speaker 1: Trump up there, I said the same thing, He's going
• 10:50
  Speaker 1: to get to see what New York really is. It's
• 10:53
  Speaker 1: just successful.
• 10:54
  Speaker 4: You know.
• 10:56
  Speaker 3: You know, your case, Marty Ryan reminds me a lot
• 10:59
  Speaker 3: of the Jason you know. Yeah, that they pulled on
• 11:03
  Speaker 3: you is exactly what they did to them.
• 11:08
  Speaker 4: Holding him with no charges. Yeah, holding him.
• 11:12
  Speaker 3: You know, guy's a cop, is a licensed FFL dealer.
• 11:16
  Speaker 4: I mean this article just appeared. It was nauseating.
• 11:20
  Speaker 3: They raided his house seven times marty and he was
• 11:25
  Speaker 3: charged with a misdemeanor trespassing. He never went in to
• 11:29
  Speaker 3: the Capitol building. He was on the West Lawn after
• 11:33
  Speaker 3: they opened the gates up, the guards. The police opened
• 11:35
  Speaker 3: the gates up, and he just walked over there and
• 11:38
  Speaker 3: took pictures. They confiscated his video and the things that
• 11:43
  Speaker 3: these j sixers went through is identical to your your
• 11:48
  Speaker 3: journey here.
• 11:50
  Speaker 1: Look, I've seen them. You wouldn't believe what they do.
• 11:54
  Speaker 1: I mean, there is several months your trials with people
• 12:03
  Speaker 1: in jail for conspiracy to murder. The judge. They prosecuted
• 12:12
  Speaker 1: I think two or three mafia families and after the
• 12:17
  Speaker 1: first one, the judge goes, oh, yes, I know this case.
• 12:19
  Speaker 1: This is where we don't have a body and nobody
• 12:21
  Speaker 1: knows actually who did it? Right? Correct? They just give
• 12:24
  Speaker 1: a theory. All they did was find in his car
• 12:30
  Speaker 1: at the airport. They don't have a body. They didn't
• 12:34
  Speaker 1: know if he really left or not. And they came
• 12:37
  Speaker 1: up with three different theories for each mafia family why
• 12:40
  Speaker 1: they would like to have killed them. And you just
• 12:46
  Speaker 1: go down the line. I mean people think, oh, well,
• 12:49
  Speaker 1: they can listen to my phone calls. I have nothing
• 12:52
  Speaker 1: to hide. Oh really, what they do is they you
• 12:55
  Speaker 1: you're on the phone, say bring me honey, pick up
• 12:59
  Speaker 1: a you know, pizzas on the way home. That's a
• 13:02
  Speaker 1: code word for keys of cocaine. In my vast years
• 13:06
  Speaker 1: of experience, this is what goes on. They just lie
• 13:09
  Speaker 1: about absolutely everything. They don't need anything.
• 13:15
  Speaker 4: So how do we add is Trump?
• 13:18
  Speaker 3: Uh basically, how does he clean up the judicial system?
• 13:23
  Speaker 3: If we don't fix that, then nothing else really matters here.
• 13:27
  Speaker 3: I mean, look, they're judges that put the j sixers
• 13:32
  Speaker 3: in prison. You know, it was just shocking. They've denied
• 13:38
  Speaker 3: every single motion that they made, and you know, even
• 13:43
  Speaker 3: to the point where they wouldn't allow their lawyers from
• 13:45
  Speaker 3: out of state to represent them. So people were forced
• 13:49
  Speaker 3: to either use the public defender, which is just like saying,
• 13:53
  Speaker 3: just take me away to jail, or spend hundreds of
• 13:56
  Speaker 3: thousands of dollars on local council there. And look, I've
• 14:01
  Speaker 3: been in a lot of cases. It's like there's never
• 14:04
  Speaker 3: an issue as long as a lawyer is in good
• 14:06
  Speaker 3: standing to have him admitted prohac vice. It's called you know, right.
• 14:12
  Speaker 4: And they wouldn't do it. I mean, it was so
• 14:14
  Speaker 4: corrupt there. And only.
• 14:19
  Speaker 1: You can you can deal with this is that one.
• 14:22
  Speaker 1: No prosecutor should be allowed to indict anybody. It should
• 14:27
  Speaker 1: go to a committee. The committee has to vote to indict,
• 14:32
  Speaker 1: because what happens is that prosecutor indicts you finds out
• 14:38
  Speaker 1: that you're innocent. And there are numerous cases like this
• 14:42
  Speaker 1: in Boston and they awarded a jury over one hundred
• 14:45
  Speaker 1: million dollars to a family because they prosecuted somebody they
• 14:49
  Speaker 1: knew was innocent and he died in prison. Really all right,
• 14:56
  Speaker 1: and it probably becomes they will not admit a mistake
• 15:02
  Speaker 1: because then their personal career is affected. And court appointed
• 15:10
  Speaker 1: lawyers absolutely worthless, worthless. They are just paid to do
• 15:15
  Speaker 1: whatever the government says. And you know, look, General Flynn,
• 15:26
  Speaker 1: he's got out a documentary the same thing. You do
• 15:29
  Speaker 1: not hire a law firm from the same city. Why
• 15:38
  Speaker 1: in my case I was had Tender green Blatt in
• 15:41
  Speaker 1: New York. They're all talking about how the judges acting illegally,
• 15:46
  Speaker 1: and I said, well, file a motion to recuse. Oh
• 15:49
  Speaker 1: we can't do that. Why oh, because the rest of
• 15:52
  Speaker 1: the judges will prejudice our firm. So, in other words,
• 15:57
  Speaker 1: because of your firm, I can't get good representation. Frank
• 16:03
  Speaker 1: Watron hired a firm, you know, Kecker out of San
• 16:08
  Speaker 1: Francisco to defend him in New York. Then that firm
• 16:13
  Speaker 1: made a motion to recuse. We had the same judge
• 16:17
  Speaker 1: and went up to the to to recuse the guy.
• 16:22
  Speaker 1: The judge is Richard Owen. You can also google that.
• 16:26
  Speaker 1: The things that he ended up with, you know, hint dementia.
• 16:29
  Speaker 1: He would forget who the heck I was.
• 16:33
  Speaker 3: Hey, I'll never forget the first time I went into
• 16:37
  Speaker 3: federal court, you know, as an attorney, and there's a
• 16:40
  Speaker 3: guy ahead of me arguing emotion and he says to
• 16:45
  Speaker 3: the judge, judge, this is the law in this case.
• 16:49
  Speaker 3: And the judge looks at him, and he takes off
• 16:51
  Speaker 3: his glasses and he stares at him for a minute
• 16:54
  Speaker 3: and he says, young man, in this courtroom, I.
• 16:57
  Speaker 4: Am the law. Yeah.
• 16:59
  Speaker 3: This is It's like, oh my goodness, man, this is
• 17:02
  Speaker 3: like a different world than I'm used to. You know,
• 17:05
  Speaker 3: there's no you know, federal judges appointed for life, and
• 17:11
  Speaker 3: they take that very seriously, which means they're all carried
• 17:14
  Speaker 3: out in a box. That's how they leave the Federal bench. Look, it's.
• 17:22
  Speaker 1: My case is probably a record. If I went up
• 17:26
  Speaker 1: to the Supreme Court again, two justices would have to
• 17:30
  Speaker 1: retuce Satima's side of my word was on my case
• 17:34
  Speaker 1: and Kagan. Kagan was the Solicitor General when I finally
• 17:38
  Speaker 1: got to the Supreme Court. She's the one that told
• 17:41
  Speaker 1: New York you better release this guy. I'm not going
• 17:44
  Speaker 1: to argue. How are you keeping somebody in prison on
• 17:47
  Speaker 1: an eighteen month statue for seven years? We're not charges.
• 17:53
  Speaker 1: So she had she ordered, I'm not going to argue
• 17:56
  Speaker 1: for you. They had to release. That was it. If
• 18:00
  Speaker 1: I never got to the Supreme Court, they would have
• 18:02
  Speaker 1: simply let me die in a cell. That's just the
• 18:05
  Speaker 1: way you were kid. Wow, when your lawyer in New
• 18:10
  Speaker 1: York tells you be careful when you walk into your cell,
• 18:15
  Speaker 1: always turn the light on before you go in, I said, why,
• 18:19
  Speaker 1: because they will try to kill you. They put baby
• 18:23
  Speaker 1: oil in the light bulb you go into the cell.
• 18:27
  Speaker 1: They locked the door, You turn on the light and
• 18:29
  Speaker 1: explosi you and burned the desk. I said, oh, that's
• 18:32
  Speaker 1: very nice. I mean it's ruin Epstein just where they
• 18:38
  Speaker 1: put him. I knew there's nobody that is going to
• 18:41
  Speaker 1: have any possibility of bringing those people on to the
• 18:46
  Speaker 1: stand to testify. Bill Clinton, et cetera. Not going to happen.
• 18:52
  Speaker 4: It's days were dumb going this.
• 18:53
  Speaker 1: If he was guilty or not, there was never going
• 18:55
  Speaker 1: to be a trial for that guy. Never.
• 18:58
  Speaker 3: So let's talk investing gold, stock market cryptos because Trump
• 19:04
  Speaker 3: seems to be in love with cryptocurrencies.
• 19:10
  Speaker 1: Look, Trump, I, in all honesty, is living in an
• 19:17
  Speaker 1: ancient world. His tariffs, all this stuff. It's back with
• 19:24
  Speaker 1: the old economic theories that you know, we put on
• 19:31
  Speaker 1: towers to protect domestic jobs. Cryptocurrency, sorry, it's not economically feasible.
• 19:42
  Speaker 1: All right. He seems to have been bought into this
• 19:46
  Speaker 1: all this nonsense. And some of you want to let
• 19:49
  Speaker 1: him know. The bitcoin is actually created by the intelligence agencies.
• 19:53
  Speaker 1: There's a white paper on it that was put out
• 19:55
  Speaker 1: in nineteen ninety six, so we know where there was
• 20:00
  Speaker 1: never any fictional Japanese guy they created it. I mean,
• 20:07
  Speaker 1: if some guy created blockchain. Why isn't he out there
• 20:10
  Speaker 1: were suing for you know, hundreds of millions of dollars
• 20:13
  Speaker 1: for for rights. I mean it's uh, it was created
• 20:18
  Speaker 1: by it came out basically the NSA, and the whole
• 20:23
  Speaker 1: purpose of it is it's been governments, you know, a
• 20:29
  Speaker 1: long time dream. I hand you one hundred dollar bill,
• 20:33
  Speaker 1: they don't know where it came from. I give you
• 20:35
  Speaker 1: one hundred bitcoin, you know where I got it from?
• 20:37
  Speaker 1: And everybody else down the line? Did everybody pay their
• 20:41
  Speaker 1: taxes on the you know, they went, you know, ten
• 20:45
  Speaker 1: percent every time it trained you do a transaction that
• 20:49
  Speaker 1: original one hundred dollar bill, after ten people they had
• 20:52
  Speaker 1: they own one hundred percent of them.
• 20:54
  Speaker 3: Yeah, so all right, so stock market, he said, sixty
• 21:00
  Speaker 3: five thousand by twenty thirty two, you're sticking with that.
• 21:04
  Speaker 1: Yeah, Look, when it was twenty we said we're going
• 21:09
  Speaker 1: to know. Our first target was forty we rostic.
• 21:12
  Speaker 4: I remember forty five. What you happen? You said between
• 21:15
  Speaker 4: twenty two and twenty four.
• 21:18
  Speaker 1: What you have to understand is that sixty five thousand
• 21:24
  Speaker 1: forecast is not just the stock market. You're also forecasting
• 21:31
  Speaker 1: the purchasing power of the of the currency. You know
• 21:36
  Speaker 1: if the currency drops by fifty percent value, all right,
• 21:40
  Speaker 1: you're in eighty thousand. Because everything has a international value
• 21:46
  Speaker 1: to it. And so we have to understand that we're
• 21:53
  Speaker 1: in a in a cycle and nobody's been able to
• 21:59
  Speaker 1: ever beat the business cycle. I mean that was marked
• 22:02
  Speaker 1: his idea. Keynes also came up with it will smooth
• 22:05
  Speaker 1: it out. Arthur Burns, who was the FED chairman when
• 22:10
  Speaker 1: Brenton Woods collapsed, he came out and said, look, the
• 22:14
  Speaker 1: business cycle always wins, all right. Paul Voker put out
• 22:21
  Speaker 1: a book, Rediscovery the Business Cycle in seventy eight. Paul
• 22:25
  Speaker 1: came out. I even spoke to him. He says, look,
• 22:28
  Speaker 1: your model is correct. I agree, there's an an eight
• 22:32
  Speaker 1: year business cycle because everything's involved in it, from war
• 22:37
  Speaker 1: to climate, you name it, fiscal mismanagement by government. But
• 22:43
  Speaker 1: we have to understand that the crash that is coming
• 22:47
  Speaker 1: is going to be in the debt markets. It's government.
• 22:53
  Speaker 1: It's not going to be the stock market. Everybody keeps
• 22:56
  Speaker 1: looking at oh a sockomart is going to crash like
• 22:59
  Speaker 1: it did in in nineteen twenty nine. U has had
• 23:02
  Speaker 1: to balance budget, right, we don't have that today. This
• 23:07
  Speaker 1: is why the central banks are in trouble, pot raises
• 23:11
  Speaker 1: interest rates to try and fight inflation and creates more
• 23:15
  Speaker 1: Why because basically the government is the biggest bart win
• 23:18
  Speaker 1: a room. So we have a trillion dollars and interest
• 23:21
  Speaker 1: expenditures this year, then next year you got to pay
• 23:25
  Speaker 1: interest on that trillion besides the debt. It just multiplies, right,
• 23:32
  Speaker 1: you know, the debt were more than double by the
• 23:35
  Speaker 1: time we get to there.
• 23:37
  Speaker 3: Okay, So your concept of like passing out like stock
• 23:41
  Speaker 3: investment certificates to cash out the debt, is that viable?
• 23:47
  Speaker 4: Can that be done?
• 23:48
  Speaker 1: Yeah? Sure, that's the only way to get out of this.
• 23:51
  Speaker 4: But that's the market will blast off, right.
• 23:57
  Speaker 1: Well, yeah, look, you got thirty four ty dollars in
• 24:00
  Speaker 1: government debt. That's just in the US, all right. If
• 24:06
  Speaker 1: that wasn't there and they could only invest in the
• 24:10
  Speaker 1: private sector, your mortgage rates would be a lot lower
• 24:15
  Speaker 1: because you're competing with the government, crowding out, and the
• 24:18
  Speaker 1: government's going to you know, a bank is going to say, well,
• 24:21
  Speaker 1: they're triple a, why should I give it to you
• 24:24
  Speaker 1: at the same rate. You gotta give me a premium
• 24:26
  Speaker 1: to give you a mortgage, all right, They're competing with
• 24:31
  Speaker 1: everybody small businesses, homeowners, et cetera. You eliminate that government debt.
• 24:39
  Speaker 1: That money would then be freely invested privately. It won't
• 24:43
  Speaker 1: be just all the stock market, but in real estate
• 24:45
  Speaker 1: et cetera. Everything will benefit. You'll create more jobs.
• 24:49
  Speaker 4: So it just you're printing more money or how does
• 24:52
  Speaker 4: this work? Exactly?
• 24:55
  Speaker 1: Well, Actually, if we had printed the money instead of barrow,
• 25:01
  Speaker 1: the debt would be at least half what or we're
• 25:04
  Speaker 1: at now. Why mainly because when you borrow it, you're
• 25:10
  Speaker 1: paying interest on it, and it's just multiplying, all right,
• 25:15
  Speaker 1: at eight percent, you double your your the debt within
• 25:19
  Speaker 1: less than less than ten.
• 25:20
  Speaker 4: Years interest on all right.
• 25:23
  Speaker 1: Yeah, it's it's complicated.
• 25:26
  Speaker 4: You know.
• 25:28
  Speaker 1: They basically borrowed rather than printing because of an old theory.
• 25:36
  Speaker 1: And these are the theories that go back to when
• 25:39
  Speaker 1: we were on a gold standard, et cetera.
• 25:42
  Speaker 4: If we.
• 25:44
  Speaker 1: Effectively just borrow the money, we're taking money out.
• 25:48
  Speaker 4: Of the system. All right.
• 25:52
  Speaker 1: But if you had a one hundred dollar you know
• 25:57
  Speaker 1: e bond and you went to the bank in the sixties,
• 26:00
  Speaker 1: say kenya, I borrow fifty dollars against the answer was no,
• 26:04
  Speaker 1: it was illegal. So after Bretton woods. Debt is now
• 26:09
  Speaker 1: just money that pays interest. You went trade futures, you
• 26:12
  Speaker 1: can post t bills. There's no distinction between them. So
• 26:18
  Speaker 1: the old theory of it's less inflationary to borrow than
• 26:22
  Speaker 1: the print doesn't work anymore. And now it's more inflationary
• 26:25
  Speaker 1: because now you're just creating money that pays interest, and
• 26:31
  Speaker 1: then the other central banks hold it as their reserves.
• 26:35
  Speaker 1: So then what you know, at times more and half
• 26:38
  Speaker 1: of the the interest expenditures that we have made go
• 26:42
  Speaker 1: outside the country, so it doesn't even stimulate the domestic economy.
• 26:48
  Speaker 1: You know, the economy has grown, it's evolved, and nobody
• 26:53
  Speaker 1: seems to have paid attention. Yeah, they just still keep
• 26:59
  Speaker 1: operating under these old theories. And that's my concern with Trump.
• 27:07
  Speaker 1: You know, he doesn't realize. I mean there's even made
• 27:11
  Speaker 1: comments that, oh, we want to lower dollar so we
• 27:15
  Speaker 1: can reduce the trade deficit. Fine, I've been calling that.
• 27:19
  Speaker 1: I can't tell you how many crises over that same
• 27:22
  Speaker 1: stupid statement. All right, Yes, I warned them when they
• 27:29
  Speaker 1: did that in nineteen eighty five. They're going to stand
• 27:31
  Speaker 1: up and Pasi courts ay're gonna lower the dollar by
• 27:34
  Speaker 1: forty percent. I wrote to President Reagan, I s you
• 27:37
  Speaker 1: do this, you're gonna create a crash within a couple
• 27:39
  Speaker 1: of years. That was the eighty seven crash. Why they
• 27:44
  Speaker 1: sold a third in national debt to Japan. Now you're
• 27:47
  Speaker 1: gonna stand up there and say, well, we're going to
• 27:49
  Speaker 1: lower the value of the dollar by forty percent. You're
• 27:51
  Speaker 1: they're gonna sell, They're gonna lose money, all right. So
• 27:58
  Speaker 1: when you talk about lowering the value of the dollar
• 28:03
  Speaker 1: to help the trade deficit, you're only looking at one aspect.
• 28:07
  Speaker 1: What about all the money that has come in real estate,
• 28:10
  Speaker 1: stock market, debt, market from overseas. You lower the dollar,
• 28:17
  Speaker 1: they lose money, they sell and they leave, right. You know,
• 28:21
  Speaker 1: it's not just what you can sell. How many more
• 28:23
  Speaker 1: widgets to somebody else? You know, it is so asinine,
• 28:31
  Speaker 1: you know, it's hard to imagine how such stupidity and
• 28:35
  Speaker 1: government exists. Yeah, I mean, these people shouldn't be remotely
• 28:41
  Speaker 1: close to any legislation that creates anything to do with the.
• 28:45
  Speaker 4: Economy, that's for sure.
• 28:47
  Speaker 3: So one final question gold silver, Where you know record
• 28:53
  Speaker 3: high gold prices? Now, are we going over three thousand,
• 28:57
  Speaker 3: five hundred?
• 28:58
  Speaker 4: Where is it it? Look?
• 29:02
  Speaker 1: Gold goes up mainly because of geopolitical issues. The big
• 29:09
  Speaker 1: problem with gold immediately is that as the dour goes up,
• 29:15
  Speaker 1: gold goes down. All right, So what counter acts that
• 29:21
  Speaker 1: is war. If you look at gold went from one
• 29:27
  Speaker 1: hundred nineteen seventy six to four hundred December seventy nine,
• 29:30
  Speaker 1: but it went from four hundred to eighty seventy five
• 29:32
  Speaker 1: in the last six weeks. Why all right, because that's
• 29:38
  Speaker 1: my rush invaded Afghanistan.
• 29:40
  Speaker 4: Right I remember?
• 29:41
  Speaker 1: All right, so you have to understand that Europe is
• 29:45
  Speaker 1: being of war drums. Europe is in serious economic trouble.
• 29:53
  Speaker 1: I was just actually this morning, I was on a
• 29:57
  Speaker 1: zoom call for Europe and they're basically saying, look, everybody
• 30:03
  Speaker 1: knows they can feel it in their in their in
• 30:06
  Speaker 1: their gut. This is going to collapse, you know. They
• 30:12
  Speaker 1: they can't keep the union going. Uh. There's there's people
• 30:16
  Speaker 1: are blaming each other. The climate change was nonsense. Germany,
• 30:22
  Speaker 1: which is the biggest uh economy for the EU, won
• 30:27
  Speaker 1: the US bull up ward nord Stream one, warpstream two
• 30:32
  Speaker 1: is there, all right, Uh, but the Germans have voluntarily
• 30:36
  Speaker 1: cut it off because we have to do sanctions against Russia.
• 30:41
  Speaker 1: All right, Climate change you know, because of the Japanese
• 30:46
  Speaker 1: nuclear accident. Merkel goes, oh, no nuclear plants, that's dangerous,
• 30:52
  Speaker 1: So no nukes, no coal. She puts up all these
• 30:55
  Speaker 1: windmills that don't create anything, all right. And so Germany
• 31:04
  Speaker 1: has been the quarterstone of the EO economy. It is
• 31:09
  Speaker 1: actually shrunk by three percent. So it's between COVID and
• 31:14
  Speaker 1: all this stuff. You put so many small businesses out
• 31:17
  Speaker 1: of out of work. This is not working, all right.
• 31:23
  Speaker 1: And unfortunately, what you're looking at is is as Europe
• 31:29
  Speaker 1: begins to crumble, that capital is going to flow to
• 31:33
  Speaker 1: the US and push the dollar up again, as it
• 31:38
  Speaker 1: did with World War one world War two. So we
• 31:41
  Speaker 1: have to pay attention here. Gold will eventually go up.
• 31:47
  Speaker 1: We still see it, you know, going up to like
• 31:49
  Speaker 1: five thousand. You know, when you look further out, it's
• 31:54
  Speaker 1: just a function of the value of the purchasing value
• 31:58
  Speaker 1: of the dollar itself. Uh, even the bricks. A little
• 32:04
  Speaker 1: over fifty percent of the world population is now under
• 32:07
  Speaker 1: the bricks. Why because basically our neo cons only look
• 32:12
  Speaker 1: at war. They's threatened to take They took Russia out
• 32:16
  Speaker 1: of the Swift system, and that red flag to everybody
• 32:20
  Speaker 1: else if we don't do as the United States says,
• 32:24
  Speaker 1: they'll take us out. So then China, China, which held
• 32:29
  Speaker 1: ten of the debt you have blinking out there saying
• 32:34
  Speaker 1: if you help, Russia will do this to you. Smart guy,
• 32:38
  Speaker 1: I mean to they create their chip system and that's it.
• 32:42
  Speaker 3: Yeah, all right, Well, I think we covered a lot there,
• 32:47
  Speaker 3: all of you out there. My book with Martin is
• 32:51
  Speaker 3: going to be published, hopefully the next two or three weeks.
• 32:54
  Speaker 3: If you're interested, shoot me an email kl at Kerrie
• 32:58
  Speaker 3: LUTs dot com, or go to Financial Survival Network dot
• 33:02
  Speaker 3: com and sign up for.
• 33:04
  Speaker 4: Your free newsletter.
• 33:05
  Speaker 3: You'll automatically get a couple of chapters for free, and
• 33:08
  Speaker 3: make sure you go to Marty's site Armstrong Economics dot
• 33:12
  Speaker 3: com sign up for his daily missives. It's must reading,
• 33:17
  Speaker 3: and Marty it's if nothing else, it's going to be
• 33:19
  Speaker 3: interesting for the next four years. We'll see what happens next.
• 33:23
  Speaker 1: Well, I'm fortunately going into a worldbie session and it's
• 33:29
  Speaker 1: not going to bottom until twenty twenty eight. But it's
• 33:31
  Speaker 1: more than just Trump. This is an economic decline, probably
• 33:36
  Speaker 1: led by more than Europe than anybody else.
• 33:40
  Speaker 4: Most likely makes a lot of sense. We'll talk to
• 33:43
  Speaker 4: you again soon, be well.
• 33:44
  Speaker 1: Be well, Thanks a lot, nice to see you over there.
• 33:47
  Speaker 2: Take care, Thanks for listening to carry Letz's Financial Survival Network,
• 33:51
  Speaker 2: your solution to today's trying times. For the latest, go
• 33:55
  Speaker 2: to Financial Survivalnetwork dot com. Financial Survival Network now more
• 34:01
  Speaker 2: than ever,