Latest / Financial Survival Network / Exclusive Forecasts to 2032 - Martin Armstrong #6419

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Exclusive Forecasts to 2032 - Martin Armstrong #6419 · Financial Survival Network

• 0:00
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• 0:27
  Speaker 2: Welcome. This is Financial Survival Network. I'm your host, Cary Lutz.
• 0:31
  Speaker 2: Martin Armstrong is with us today, and we're going to
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  Speaker 2: get some predictions and a lot of other upcoming info
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  Speaker 2: that you're probably not aware of. Martin, good to see you.
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  Speaker 3: Well, thank you for inviting me, Cary.
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  Speaker 2: What's coming up for 2027 and what's coming up after that,
• 0:52
  Speaker 2: we're going to be doing an update on for the
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  Speaker 2: World Economic Conference that will occur in November. This book
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  Speaker 2: will be updated to the 2027 edition, so keep your
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  Speaker 2: eyes open for it. So, Martin, what's coming up here?
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  Speaker 2: What do we expect for the coming year, and what
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  Speaker 2: do we expect up to 2032? Well, our....
• 1:19
  Speaker 3: At least for the last year, our computer's been projecting
• 1:23
  Speaker 3: August of 26. And what's really been happening here is
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  Speaker 3: that it's very interesting how events tend to materialize around
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  Speaker 3: these targets that the computer puts out a year in advance.
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  Speaker 3: And I think what it comes down to is that
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  Speaker 3: these are pressure points, right? And that forces essentially the governments, whatever,
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  Speaker 3: is in focus to respond. So here we have really,
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  Speaker 3: you've got three very critical elections. September, October, and November.
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  Speaker 2: All right.
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  Speaker 3: September is going to be the election in Russia. And Well,
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  Speaker 3: everybody's paying attention to Iran and the Strait of Hormuz.
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  Speaker 3: They're not paying attention to what Zelensky is doing in Russia.
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  Speaker 3: He has come out publicly and even said that he's
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  Speaker 3: attacking everything inside Russia he can to try and influence
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  Speaker 3: the September elections. And you've got to be an idiot.
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  Speaker 3: Or he's doing this deliberately because attacking refineries in Moscow, etc.
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  Speaker 3: You know, these elections, he's going to swing in the
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  Speaker 3: direction of their hardliners. All right. And Putin's been primarily
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  Speaker 3: the only reasonable guy in the ballpark here. And He
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  Speaker 3: even said before that nuclear weapons were off the table.
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  Speaker 3: Whereas you get Medev and these other people behind it
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  Speaker 3: keep talking about pushing the button. So something did happen here.
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  Speaker 3: Zelensky basically, deliberately, it appears, creating this shift towards more
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  Speaker 3: of a hardline attitude in Russia. You're seeing that they
• 3:47
  Speaker 3: did get the Kremlin to change the definition of what
• 3:52
  Speaker 3: they're doing. So it's no longer a special operation to
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  Speaker 3: protect the Donbass from Ukraine. Now it actually says we
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  Speaker 3: are essentially in war with Ukraine. So... It looks as
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  Speaker 3: though the September elections, all I can say is that
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  Speaker 3: I think that Zelensky is doing this deliberately because all
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  Speaker 3: you see now is all the, in Europe and even
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  Speaker 3: now the intelligence agency in the U.S., they've shifted their forecast.
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  Speaker 3: first they were saying we would be at war with Russia,
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  Speaker 3: that Russia would go into Europe by 2029. All of
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  Speaker 3: a sudden now they're saying in weeks. So all I
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  Speaker 3: can say is it looks like this is deliberate because
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  Speaker 3: economically you're looking at, I don't really, you know, the
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  Speaker 3: computer does not really give a long-term forecast that looks
• 5:19
  Speaker 3: very positive for Europe. Whether the EU will even survive
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  Speaker 3: past 2029 is debatable.
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  Speaker 2: So that's prediction number two.
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  Speaker 3: Because you're getting all this tension between them. You have,
• 5:37
  Speaker 3: you know, Italy saying, you know, Maloney coming out and
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  Speaker 3: saying that they shouldn't be giving all this money to Ukraine.
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  Speaker 3: The economic collapse of Europe is quite astonishing. The economic
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  Speaker 3: growth of Italy is down to 0.5%. Germany is down
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  Speaker 3: to 0.8%. I mean, we never even got to those
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  Speaker 3: levels in a Great Depression. And you're looking at this
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  Speaker 3: as a real serious problem in that a lot of
• 6:24
  Speaker 3: people don't understand that as you go into war, interest
• 6:30
  Speaker 3: rates rise. So then they saw the Treasury effectively stepping
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  Speaker 3: up to try and bail out Japan. And, of course,
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  Speaker 3: the dollar haters say, oh, this is the U.S. trying
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  Speaker 3: to protect the 30-year bond because the U.S. is going,
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  Speaker 3: you know, is in terrible trouble. The U.S. is the,
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  Speaker 3: you know, look at our growth rate compared to everybody else.
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  Speaker 3: All right. And the U.S. will be the last one standing.
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  Speaker 3: The real problem here is, yes, fine, you know, Besson's
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  Speaker 3: trying to prevent the interest rates from rising. He won't
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  Speaker 3: be successful. But, you know, I've been a trader for decades.
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  Speaker 3: And what happens is, is that Japan is in the
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  Speaker 3: worst position of all of them. They get the highest
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  Speaker 3: debt-to-GDP ratio. And most of the holdings of treasuries in
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  Speaker 3: Japan are by corporates, not the government. And they use
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  Speaker 3: it as a hedge against their own government. All right.
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  Speaker 3: So what's happening here is that if Japan got into
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  Speaker 3: a crisis mode of default, Fine, they would have to
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  Speaker 3: sell some treasuries, granted, but that's not the issue. Once
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  Speaker 3: one country defaults, gets in that position, it'd be like
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  Speaker 3: Greece in 2010. The traders immediately say, who's next?
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  Speaker 2: Cascading defaults.
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  Speaker 3: Just read Herbert Hoover's memoirs for 1931. the same thing happened.
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  Speaker 3: When one country defaults, it spreads like a contagion. And
• 8:44
  Speaker 3: he said in his memoirs, he says, Capitol acted like
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  Speaker 3: a loose cannon on the deck of a ship in
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  Speaker 3: the middle of like a hurricane. He said it was
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  Speaker 3: shooting off in every which direction so fast they couldn't
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  Speaker 3: form a committee quick enough to figure out where it
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  Speaker 3: was going next. That's what we're facing. Okay, this has
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  Speaker 3: been You know, everybody's all U.S. debt, but we have
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  Speaker 3: the largest economy, okay? We are still capable of servicing it.
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  Speaker 3: That's not the case in Europe. I mean, as you know,
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  Speaker 3: I was called in to when they were forming Muro. And,
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  Speaker 3: you know, I just get called in when it comes
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  Speaker 3: to currency. I've been doing this since the 70s. It
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  Speaker 3: was the first one really forecasting anything to do with currency.
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  Speaker 3: And I told them that they wanted to create a
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  Speaker 3: currency to compete with the dollar, which actually was the
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  Speaker 3: proposal of the United States at the Plaza Accord in 1985.
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  Speaker 3: It was the U.S. that was saying, telling them to
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  Speaker 3: create the euro to compete with the dollar because that's
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  Speaker 3: when the dollar went up so high it was affecting trade.
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  Speaker 3: That's when the British pound went down to virtually par
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  Speaker 3: in the summer of, you know, in 1985. So, In
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  Speaker 3: creating the Euro, the big problem was Hermann Kohl. And
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  Speaker 3: before he died, he admitted that if he allowed the
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  Speaker 3: German people to vote on joining the Euro, he would
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  Speaker 3: have lost seven to three. So the Germans were never
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  Speaker 3: allowed to vote so much for democracy. He took Germany
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  Speaker 3: in the EU. into the Euro unilaterally. So he assumed
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  Speaker 3: that the German people would be against a consolidation of
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  Speaker 3: the debt. They would see it as a bailout for
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  Speaker 3: Greece and Italy, etc. So he said no consolidation. And
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  Speaker 3: I was told that At that time. And I said, look,
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  Speaker 3: this is not going to work. This is ultimately will fail.
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  Speaker 3: And so they told me back then, we just have
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  Speaker 3: to get the euro through. We'll worry about the debt later. OK,
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  Speaker 3: here we are. Same thing. All right.
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  Speaker 2: Now it's later. Now it's later.
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  Speaker 3: And they won't do anything until it crashes. I mean,
• 11:44
  Speaker 3: because everybody that I dealt with, you know, 20 years ago,
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  Speaker 3: they're all gone and retired by now. So you got
• 11:52
  Speaker 3: to constantly re-educate people in government. That's what I find frustrating.
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  Speaker 3: Because you can say, I mean, I've been dealing with
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  Speaker 3: them for such a long time. They always go in,
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  Speaker 3: they try to manipulate the currency. Defect trade. That's what
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  Speaker 3: the Plaza Accord was. We moved, you know, I warned you,
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  Speaker 3: you've moved the dollar down 40%, which is what they
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  Speaker 3: were saying. Yes, you can sell more widgets, but you're
• 12:23
  Speaker 3: devaluing everything else in the country by 40%. So they're
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  Speaker 3: going to sell the stock market, the bonds, that became
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  Speaker 3: the 87 crash. These people never know what the hell
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  Speaker 3: they're doing.
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  Speaker 2: Okay. So is another crash coming here in the next year?
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  Speaker 3: Well, you're going to get a correction initially with the
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  Speaker 3: stock market, but that's largely on the interest rate side.
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  Speaker 3: You've had people talking about a crash. And they've been
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  Speaker 3: saying that for, what, a year and a half? Biggest
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  Speaker 3: crash in history, whatever. They've been dead wrong. Why? Because
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  Speaker 3: they're just looking at charts domestically. Oh, it went up
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  Speaker 3: like 1929. In 1929, the U.S. had a balanced budget.
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  Speaker 3: You sold the stock. You bought the dollar. The dollar
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  Speaker 3: at that point in time was essentially gold. It was
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  Speaker 3: Roosevelt in 1934, which, you know, pegged the dollar to
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  Speaker 3: gold at 35. But in 33, he confiscated the gold.
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  Speaker 3: So this is a completely different set of facts. OK,
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  Speaker 3: you're not going to sell your stock and run and
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  Speaker 3: buy government bonds and the dollar when everybody's saying that's
• 13:55
  Speaker 3: where the problem is. I mean, let's get your facts
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  Speaker 3: straight here. As you know, we have offices in Dubai.
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  Speaker 3: And I can tell you that Iran sent more missiles
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  Speaker 3: and drones at Dubai than they did Israel. Why? Because
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  Speaker 3: Dubai is essentially kind of replaced Switzerland. When the Swiss
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  Speaker 3: were confiscating money, saying, you know, all this nonsense that, um, Oh,
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  Speaker 3: you know, they have 300 billion of Russian assets. That's
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  Speaker 3: not government. If you pick up the rug and look,
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  Speaker 3: it's houses, yachts. It's like, Oh, you knew Putin. That's
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  Speaker 3: good enough. We're stealing all your money. Um, so the
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  Speaker 3: smart money has left Switzerland, you know, um, French get
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  Speaker 3: in there, oh, you don't like Americans? We're just going
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  Speaker 3: to confiscate all assets belonging to Americans. I mean, this
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  Speaker 3: is basically what you're doing. So the money left and
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  Speaker 3: went to Dubai and Singapore. So I can tell you
• 15:16
  Speaker 3: in Dubai, everybody is there. And they built an AI facility,
• 15:24
  Speaker 3: spent about $ 30 billion there. everybody's there, OpenAI, Amazon, you
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  Speaker 3: name it, all right? So they attacked that. They didn't
• 15:34
  Speaker 3: destroy it, but they did take it offline for about
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  Speaker 3: a week. We couldn't even send money to our staff
• 15:43
  Speaker 3: there because the banking system went down, all right? So
• 15:50
  Speaker 3: you have to understand Iran is playing 3D chess. And
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  Speaker 3: the press doesn't get it. And I'm not even sure
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  Speaker 3: the governments do. Iran is one of the higher educated countries.
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  Speaker 3: They're Persian.
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  Speaker 2: They're not Arab.
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  Speaker 3: What's with the Strait of Hormuz? It's not shutting it down. Oh,
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  Speaker 3: that's just going to put up or that's not going
• 16:29
  Speaker 3: to create a crisis in the United States as the 1970s. Okay.
• 16:36
  Speaker 3: We are now self-sufficient. It's driving. Yeah. Oil price is up, yes.
• 16:44
  Speaker 3: So you're paying more for gasoline, but we don't have shortages.
• 16:50
  Speaker 3: You don't have people lying. I mean, I remember the 70s.
• 16:53
  Speaker 3: Me too. You could only get gasoline every other day,
• 16:58
  Speaker 3: odd and even plate numbers, and you got two bucks.
• 17:02
  Speaker 3: I had to go out and buy a Ford Pinto
• 17:05
  Speaker 3: station wagon just to be able to get to work.
• 17:09
  Speaker 3: Something that would last for a couple days on two bucks.
• 17:12
  Speaker 3: That was about it.
• 17:13
  Speaker 2: The car's got 10 miles to a gallon back.
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  Speaker 3: Yeah. So what this is really about is attacking Dubai
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  Speaker 3: rather than Israel. You're affecting the financial markets. This is
• 17:34
  Speaker 3: their objective. You know, people think that the Middle East
• 17:38
  Speaker 3: is flush in cash. They've got all this oil. Sounds nice.
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  Speaker 2: All right.
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  Speaker 3: Not true. Oil went down during COVID to $ 6.
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  Speaker 2: 50 a barrel.
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  Speaker 3: The Gulf states couldn't survive. They barred extensively. They now
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  Speaker 3: have national debts like everybody else. So, shutting down the
• 18:02
  Speaker 3: Straits of Hormuz. And they were attacking some of the refineries.
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  Speaker 3: What does that mean? It means if they can't sell oil,
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  Speaker 3: they default on their loans. All right. That leads right
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  Speaker 3: to London, et cetera. All right. So that's why I
• 18:24
  Speaker 3: say they're playing 3D chess here. People are like, oh,
• 18:28
  Speaker 3: oil prices. Well, they've come down, so we're okay. That's
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  Speaker 3: not the issue. All right? They understand what they're doing here.
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  Speaker 3: And second of all, as I said, you get three elections.
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  Speaker 3: Russia in September, Netanyahu in October, and U.S. in November.
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  Speaker 3: If you remember your history, or those are too young
• 18:56
  Speaker 3: to remember back then, but in 1979, okay, They took
• 19:01
  Speaker 3: the hostages, American hostages at the embassy. What did they do?
• 19:07
  Speaker 3: They kept them there until the election. As soon as
• 19:14
  Speaker 3: Ronald Reagan won, they released them.
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  Speaker 2: All right.
• 19:19
  Speaker 3: They know how to play the game. Anybody that thinks, oh,
• 19:24
  Speaker 3: you got a peace deal. Oh, it's off. It's back. Look, they're,
• 19:29
  Speaker 3: They know they're in the driver's seat playing with these elections.
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  Speaker 3: They're just dragging it out. It's the same thing as 79.
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  Speaker 2: Okay.
• 19:41
  Speaker 3: They know that they have a shot at affecting Netanyahu
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  Speaker 3: in Israel. And you can see what's happening with Trump.
• 19:54
  Speaker 2: All right.
• 19:55
  Speaker 3: The polls have gone dramatically against him. The likelihood is
• 20:01
  Speaker 3: that the Democrats will take the House. Not the Senate,
• 20:07
  Speaker 3: but we'll end up with a divided government. Then what happens?
• 20:13
  Speaker 3: Trump's agenda is going to be blocked every which way
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  Speaker 3: from Sunday. They're going to start a whole bunch of investigations.
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  Speaker 3: You're looking at the next two years of just chaos, really.
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  Speaker 3: They'll probably move for impeachment. Of course, the trial for
• 20:30
  Speaker 3: impeachment's in the Senate, so it's not going to go anywhere.
• 20:34
  Speaker 3: But and make headlines and all this. And meanwhile, while
• 20:39
  Speaker 3: you're doing all this, nobody's going to be paying attention.
• 20:42
  Speaker 3: The economy is going down on a global recessionary and
• 20:47
  Speaker 3: it's not going to bottom until about 28. Right.
• 20:50
  Speaker 2: All right.
• 20:51
  Speaker 3: So number four, you'd have to understand what the hell
• 20:56
  Speaker 3: is going on here. It's much more complicated.
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  Speaker 2: What about the stock market to, For the coming year,
• 21:05
  Speaker 2: what are you seeing here?
• 21:06
  Speaker 3: You'll get a retest of support, but the stock market's
• 21:10
  Speaker 3: going up into 2032. Why has it been making new highs?
• 21:15
  Speaker 3: When everybody said, oh, the crash of this century is coming,
• 21:19
  Speaker 3: all this nonsense.
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  Speaker 2: All right.
• 21:22
  Speaker 3: I can tell you, you know, look, we've got offices
• 21:25
  Speaker 3: everywhere from Beijing to Dubai. And we deal with probably
• 21:32
  Speaker 3: more institutions than anybody. And when you start creating this
• 21:38
  Speaker 3: sort of stuff and they understand the risks in Russia,
• 21:42
  Speaker 3: you know, with Russia and the EU and, you know,
• 21:47
  Speaker 3: and NATO, et cetera, the Middle East, I've warned before,
• 21:52
  Speaker 3: and they don't listen to me, but I've warned them
• 21:54
  Speaker 3: that they're going to face four fronts. All right. You
• 21:59
  Speaker 3: got the Middle East, Zelensky is definitely trying to create
• 22:04
  Speaker 3: World War III in Europe. North Korea is now flexing
• 22:08
  Speaker 3: its muscles. So the South is saying they need to
• 22:11
  Speaker 3: take charge of their military, etc. And then when Trump
• 22:19
  Speaker 3: went to meet with Jing in Beijing, you had Macron
• 22:25
  Speaker 3: go in advance. He told Jing at that stage, that
• 22:32
  Speaker 3: europe will not participate in any war outside their own
• 22:36
  Speaker 3: territory so that cut off the middle east but he
• 22:41
  Speaker 3: also said they will not interfere with taiwan he basically
• 22:48
  Speaker 3: gave him the green green light to take it so
• 22:51
  Speaker 3: when trump got there that's what jing put on the
• 22:55
  Speaker 3: table where do you stand all right um They're not
• 23:00
  Speaker 3: going to come out and say publicly. But when Trump left,
• 23:04
  Speaker 3: what did he say? I recommend the chip companies move
• 23:09
  Speaker 3: to America.
• 23:11
  Speaker 2: All right.
• 23:11
  Speaker 3: So you're going to have Southeast Asia. You've got North
• 23:17
  Speaker 3: Korea is flexing its muscles against the South. Japan is
• 23:23
  Speaker 3: worried more about China now. And.
• 23:29
  Speaker 3: You got the Middle East and you got Europe. And
• 23:33
  Speaker 3: I've said numerous times, how can you defend on four fronts?
• 23:40
  Speaker 3: You can't.
• 23:42
  Speaker 2: All right.
• 23:44
  Speaker 3: So, look, I've been to China, seen the Great Wall
• 23:52
  Speaker 3: or whatever. And I remember in the hotel, I asked
• 23:58
  Speaker 3: the guy, the concierge, I said, is there a good
• 24:00
  Speaker 3: Japanese restaurant nearby? Man, it was like, I just called
• 24:05
  Speaker 3: his mother a name.
• 24:06
  Speaker 2: Um, yeah, I know.
• 24:11
  Speaker 3: He said, you'll be lucky if you can find anything
• 24:14
  Speaker 3: around here. We don't, yeah. You can see the resentment
• 24:18
  Speaker 3: was still there from world war two. Um, I was like, sorry,
• 24:24
  Speaker 3: didn't mean to ask about a Japanese restaurant in.
• 24:29
  Speaker 2: Beijing.
• 24:30
  Speaker 3: But I mean, this is what you get. Europe is
• 24:37
  Speaker 3: the same way. I don't know if it's the language
• 24:42
  Speaker 3: that keeps people divided. Because if you look at the
• 24:46
  Speaker 3: United States, I mean, I've said this when they were...
• 24:53
  Speaker 3: creating the URL. I said, you people don't understand what
• 24:56
  Speaker 3: made America great. I said, it was discrimination. They said, Oh,
• 25:00
  Speaker 3: how could you say that? I said, cause it was fair.
• 25:03
  Speaker 3: Whoever was last off the boat didn't get the job
• 25:07
  Speaker 3: until they spoke English.
• 25:08
  Speaker 2: All right.
• 25:10
  Speaker 3: Um, and so you ask an American, what are you today? Oh,
• 25:13
  Speaker 3: I'm half Irish, half German, whatever, which you don't see
• 25:16
  Speaker 3: over there. I mean, yeah, there's always some exception, but, um,
• 25:22
  Speaker 3: Everybody's intermarried here. To me, it was once the language
• 25:27
  Speaker 3: was the same, then you got the intermarriage. But, you know,
• 25:34
  Speaker 3: I can tell you, you still get these resentments. You
• 25:38
  Speaker 3: think a French girl is going to bring a German
• 25:40
  Speaker 3: guy home to her father and he's going to say,
• 25:43
  Speaker 3: you do know what they did to us. So it's...
• 25:50
  Speaker 3: I don't see... war as subsiding. It looks as though
• 25:56
  Speaker 3: we'll probably start to escalate from 27. And maybe even
• 26:02
  Speaker 3: extend in some different areas into 29 to 30. But again,
• 26:09
  Speaker 3: this is not the same thing as World War I
• 26:12
  Speaker 3: or II, where you're facing like, you know, just Hitler,
• 26:16
  Speaker 3: one enemy. This is more like brush fires. So you've
• 26:21
  Speaker 3: got China resolving an old grudge with Taiwan. You got
• 26:29
  Speaker 3: North Korea resolving a grudge with South. Israel and Iran.
• 26:33
  Speaker 3: These are not things that you can solve. It's not
• 26:35
  Speaker 3: like we're playing Monopoly. I'll give you a boardwalk for
• 26:50
  Speaker 3: a park place. You know, this is, these are grudges.
• 26:55
  Speaker 3: Some are cultural, some are religious, but it's, you know,
• 26:59
  Speaker 3: you take Israel and Iran, that's my God against your God.
• 27:04
  Speaker 3: How do you resolve that? I don't see that as,
• 27:11
  Speaker 3: you know, a peace is basically just a, a, you know,
• 27:20
  Speaker 3: basically just a pause. It's not like a permanent, it's
• 27:25
  Speaker 3: not a permanent thing.
• 27:27
  Speaker 2: It's between wars.
• 27:30
  Speaker 3: Yeah, it's, we've had people, staff in Kiev and in
• 27:37
  Speaker 3: Donetsk and Ukraine. The two would never even talk to
• 27:41
  Speaker 3: each other. The hatred is just, it's just there. We
• 27:48
  Speaker 3: had a conference in Athens. The one from Kiev refused
• 27:52
  Speaker 3: to fly back the quickest way simply because the plane
• 27:57
  Speaker 3: stopped in Moscow. And like, you don't have to talk
• 28:03
  Speaker 3: to anybody.
• 28:05
  Speaker 2: No.
• 28:06
  Speaker 3: I mean, so these are just, we don't understand that
• 28:15
  Speaker 3: so much here.
• 28:15
  Speaker 2: Just, Just the Hatfields and the McCoys, and nobody remembers
• 28:21
  Speaker 2: them anyway. So what about the dollar for the next
• 28:26
  Speaker 2: year and, you know, foreseeable future?
• 28:30
  Speaker 3: Look, the dollar is going to be the last one standing.
• 28:36
  Speaker 3: I know all these people, they hate the dollar. But look,
• 28:42
  Speaker 3: when you got tanks running down the streets, you don't
• 28:46
  Speaker 3: leave your money there. The U.S. was virtually bankrupt in 1896.
• 28:51
  Speaker 3: It was World War I that made the United States
• 28:57
  Speaker 3: the financial capital. That wiped out London. By the end
• 29:02
  Speaker 3: of World War II, the U.S. had 76% of the
• 29:05
  Speaker 3: entire world official gold reserves. When you've got wars going
• 29:13
  Speaker 3: on in Asia, Japan, We've got major institutions in Japan.
• 29:19
  Speaker 3: They're moving their money. This is why the stock market's
• 29:22
  Speaker 3: been making new highs. Why you got all these people
• 29:25
  Speaker 3: saying the crash of the century. They don't understand international capital.
• 29:31
  Speaker 3: Same thing from Dubai and Europe. They see wars coming.
• 29:35
  Speaker 3: You know, I was just talking... to, you know, to
• 29:42
  Speaker 3: people in Germany that I know. A year and a
• 29:46
  Speaker 3: half ago, they would say, yeah, okay, fine. I understand
• 29:49
  Speaker 3: what you're saying. Whether they really believe me was questionable.
• 29:54
  Speaker 2: All right.
• 29:55
  Speaker 3: Now it's like, shit, you're right. It's in the air.
• 30:01
  Speaker 3: They can't deny the feeling of war.
• 30:04
  Speaker 2: So is this a full-scale panic taking place now globally
• 30:09
  Speaker 2: or pre-panic?
• 30:11
  Speaker 3: It's still pre. I think when that first... My concern
• 30:17
  Speaker 3: is this, is that... And this is what I've warned
• 30:21
  Speaker 3: them in Europe. If we look objectively at... How governments respond.
• 30:35
  Speaker 3: Europe has a passion for capital controls. World War II,
• 30:40
  Speaker 3: they weren't even allowed to buy gold. Okay. This is
• 30:44
  Speaker 3: what happens. They're pushing for their CBDCs. Yeah. Why? That's
• 30:51
  Speaker 3: the easiest way to clamp down on capital controls. You
• 30:58
  Speaker 3: shut down paper money, which is on their agenda. And
• 31:06
  Speaker 3: as soon as that happens, if they're really smart, they're
• 31:11
  Speaker 3: going to do that, push the CBDC extremely fast before
• 31:19
  Speaker 3: the first bullet goes. But you've got these neocons and
• 31:25
  Speaker 3: intelligence agencies, even the U.S., the neocons there, Like I said,
• 31:30
  Speaker 3: all of a sudden they shifted their forecast from Russia
• 31:38
  Speaker 3: will take Europe by 29 to now just weeks. So
• 31:45
  Speaker 3: it seems as though what they're doing is they're... I
• 31:50
  Speaker 3: think that shift has come because of the September elections
• 31:54
  Speaker 3: in Russia. So.
• 32:00
  Speaker 3: Look, Zelensky is a puppet, but also a rogue puppet.
• 32:11
  Speaker 3: Trump lifts some of the sanctions on Russia so they
• 32:16
  Speaker 3: could export oil to help the world and lower prices.
• 32:21
  Speaker 3: What does Zelensky do? No way. And starts attacking all
• 32:24
  Speaker 3: the refineries. He's created a shortage of of refined products
• 32:32
  Speaker 3: in Russia. There's gas lines like we had in the 70s. Okay?
• 32:37
  Speaker 3: He knows what he's doing. You know, this is not,
• 32:42
  Speaker 3: you know, what do you think? I'm going to wipe out,
• 32:44
  Speaker 3: going to attack Moscow, and then you'll fall to your
• 32:47
  Speaker 3: knees and say, forgive us, okay, and raise the white flag?
• 32:51
  Speaker 3: I mean, you've had a.
• 32:55
  Speaker 3: One of their top military. It's in the press. It
• 32:59
  Speaker 3: came out and actually said Moscow will fall. You really
• 33:05
  Speaker 3: think that is possible? I mean, I've spoken to military
• 33:09
  Speaker 3: and you, if Washington was about to fall, they're pushing
• 33:13
  Speaker 3: the button. I hate to tell you they're going to
• 33:15
  Speaker 3: push that button.
• 33:16
  Speaker 2: Yeah.
• 33:18
  Speaker 3: Um, so what are we playing with here? Just a
• 33:21
  Speaker 3: bunch of complete idiots. Um, I don't know. I mean,
• 33:25
  Speaker 3: what I've heard in discussions, I don't even want to
• 33:29
  Speaker 3: talk to them anymore, honestly. But, you know, the excuse is, oh,
• 33:33
  Speaker 3: Russia would never push the button because they know it
• 33:38
  Speaker 3: would blow back on them.
• 33:41
  Speaker 2: Yeah, mutually assured destruction. Mad.
• 33:44
  Speaker 3: Look, if you're about to destroy Moscow, they're pushing the button.
• 33:48
  Speaker 3: What do you got left, anyhow? You know, it's... I
• 33:52
  Speaker 3: don't know. I don't know how these people can come
• 33:54
  Speaker 3: up with such crazy ideas. And the neocons are, it's
• 34:02
  Speaker 3: just a broken record. You know, they said about Saddam Hussein, oh,
• 34:06
  Speaker 3: remove him, we'll win. And you can look it up.
• 34:10
  Speaker 3: Dick Cheney said a matter of weeks, eight years.
• 34:13
  Speaker 1: Afghanistan.
• 34:15
  Speaker 3: Afghanistan. They didn't win, okay? Same thing with Iran. Oh,
• 34:20
  Speaker 3: we take out the Ayatollah, we win in a day.
• 34:23
  Speaker 3: Not happening. I've heard the same nonsense. Look, Vietnam, you
• 34:31
  Speaker 3: got Robert McNamara's apologies on YouTube.
• 34:35
  Speaker 2: I know it well.
• 34:37
  Speaker 3: And he said... You know, very sorry, 58,000 Americans died.
• 34:43
  Speaker 3: It was just a civil war. They thought Russia was involved.
• 34:46
  Speaker 3: They weren't. And so this is where we're at. I mean,
• 34:52
  Speaker 3: I don't see anything but war on the horizon. Economically,
• 34:59
  Speaker 3: these governments are, look, they've been borrowing without any intention
• 35:07
  Speaker 3: of paying anything back. aggressively since World War II. Now,
• 35:15
  Speaker 3: a three-year-old with a pocket calculator can figure that out.
• 35:20
  Speaker 2: All right.
• 35:22
  Speaker 3: Eventually what happens, you're constantly rolling the debt. So the
• 35:27
  Speaker 3: percentage of the national debt that just goes to interest
• 35:33
  Speaker 3: is rising. We had our interest expenditures exceed military for
• 35:38
  Speaker 3: the first time.
• 35:41
  Speaker 2: Interest on interest, right?
• 35:42
  Speaker 3: Yes, because you never pay anything off. So what happens
• 35:47
  Speaker 3: is that the interest consumes all expenditure. So suddenly you
• 35:54
  Speaker 3: can't sell the new debt to pay off the old
• 35:59
  Speaker 3: when confidence declines.
• 36:01
  Speaker 2: Yeah.
• 36:03
  Speaker 3: And this is really what I said. Besson at least
• 36:07
  Speaker 3: understands that. If Japan falls, it's going to be a
• 36:13
  Speaker 3: contagion and they're going to say who's next. And there
• 36:17
  Speaker 3: goes Europe. So it's, look, this is, I don't see
• 36:24
  Speaker 3: any major political shifts until probably 2032. But you're looking
• 36:33
  Speaker 3: at most likely Europe will break up. The EU will fail.
• 36:39
  Speaker 3: by 29, you're seeing the stress already between these countries.
• 36:46
  Speaker 3: And because they didn't consolidate the debt, it's just an agreement.
• 36:50
  Speaker 3: So they're not really tied to each other that way.
• 36:56
  Speaker 3: And to put it in plain terms, what I warned
• 37:01
  Speaker 3: them that it would fail is that a single currency
• 37:06
  Speaker 3: is not your answer. We have a single currency, but
• 37:14
  Speaker 3: every state pays a separate interest rate depending upon their
• 37:19
  Speaker 3: credit rating. So if California went bust, what would happen?
• 37:24
  Speaker 3: The traders are going to go, who's next? Oh, Illinois.
• 37:29
  Speaker 3: It's got nothing to do with the feds, but this
• 37:32
  Speaker 3: is Europe. There is no federal debt.
• 37:36
  Speaker 2: So it As far as states go here, do we
• 37:39
  Speaker 2: see any states going bust or do we just have
• 37:43
  Speaker 2: bailouts from the federal government?
• 37:46
  Speaker 3: No, you're looking at serious problems. New York, Mandami is
• 37:52
  Speaker 3: just completely out of his mind. But, I mean, California,
• 37:58
  Speaker 3: I think Newsom's at least realizing that taxing billionaires sounds great.
• 38:08
  Speaker 3: But what they don't get is that they're a billionaire
• 38:12
  Speaker 3: on paper. It's not cash in a bank. All right,
• 38:16
  Speaker 3: so you float a company like Amazon or whatever. You
• 38:19
  Speaker 3: keep a percentage so you have control. If you now say, oh,
• 38:25
  Speaker 3: we're just going to tax them 5%, they have to
• 38:28
  Speaker 3: sell stock to pay that tax. When you're cutting it
• 38:31
  Speaker 3: thin to begin with, that means they lose control of
• 38:34
  Speaker 3: their company. All right. This is why they've had, you know,
• 38:39
  Speaker 3: leaving California. California is the number one state everybody's fleeing from.
• 38:45
  Speaker 3: And they get ruthless. I mean, they were trying here
• 38:49
  Speaker 3: in Florida that if you fled California, you earned your
• 38:55
  Speaker 3: pension there. But now you move to Florida and there's
• 38:58
  Speaker 3: no income tax. They're like, well, you earned it while
• 39:01
  Speaker 3: you were here. So you got to pay taxes in California.
• 39:04
  Speaker 2: That's what they do in New York. Yeah.
• 39:08
  Speaker 3: Look, my accountant told me he had somebody else who
• 39:12
  Speaker 3: sold his business, went to retire, moved to Florida. But
• 39:18
  Speaker 3: his wife kept going back to New York to see
• 39:21
  Speaker 3: her friends. They tracked her telephone and said she spent
• 39:26
  Speaker 3: enough days in New York and then taxed him in Florida.
• 39:30
  Speaker 2: They've been doing that game for a long time.
• 39:32
  Speaker 3: Look, this is, they're desperate for money. And Oregon said
• 39:38
  Speaker 3: this is why so many people and institutions and, I mean,
• 39:42
  Speaker 3: Goldman Sachs is, you know, they're leaving New York. They're
• 39:47
  Speaker 3: setting up exchanges and taxes to basically gut New York City.
• 39:56
  Speaker 3: And look, you get these people like Mandame and it's like,
• 39:59
  Speaker 3: oh yes, this idea will work wonderful. Did you ever
• 40:02
  Speaker 3: open up a book to say, hasn't it been tried before?
• 40:06
  Speaker 3: Did it work?
• 40:07
  Speaker 2: They tried it on the Mayflower. Anyway, we're going to
• 40:11
  Speaker 2: wrap now, but get the book. The next installment is
• 40:16
  Speaker 2: coming out shortly. And armstrongeconomics.com, go there, sign up for Socrates,
• 40:24
  Speaker 2: highly recommended.
• 40:26
  Speaker 1: Thanks for listening to Cary Lutz's Financial Survival Network, your
• 40:30
  Speaker 1: solution to today's trying times. For the latest, go to financialsurvivalnetwork.com.
• 40:36
  Speaker 1: Financial Survival Network, now more than ever.