Latest / Financial Survival Network / Martin Armstrong's Socrates 2024 Election and Economic Forecasts #5993

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Martin Armstrong's Socrates 2024 Election and Economic Forecasts #5993 · Financial Survival Network

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I mean our computer not only is a forecast you know pretty much every election
0:05
correctly, but long term trends and things of this nature. And we have
0:11
published back at even nineteen eighty seven that the twenty sixteen election would be the
0:16
first time a third party could possibly win, but that ended up being trunk.
0:21
You were listening to Carrie Leutz's Financial Survival Network, where you get valuable
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information you just can't find anywhere else to thrive in today's trying times. You
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need the Financial Survival Network now more than ever. Go to Financial Survivalnetwork dot
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com and get your free newsletter and gift. Financial Survival Network now more than
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ever. And welcome you are listening to and watching the Financial Survival Network.
0:53
I'm your host, Harry Lutz and markin Armstrong is back with us again.
0:58
We've got some election forecast to provide you with as well as what the markets
1:03
are doing, what they'll continue to do. Marty, it's great to have
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you back on the show. So oh and by the way, if you
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want to find his work and sign up to his email list, it's Armstrong
1:15
Economics dot com. And if you want to send us an email, it's
1:18
kl at Carrie luds dot com right when we last spoke. We don't usually
1:23
get into politics on this show. It's a family show, after all,
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and we don't want the little kiddies to be offended. But hey, it's
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obvious Trump is now the nominee unless the courts say otherwise. My personal opinion,
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I don't think the courts will whether they think he should be there or
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not. At this point, They're just going to go with the flow.
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What is Socrates saying about this next election twenty twenty four, Well, it's
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very interesting because the computer's never been wrong on his political forecast, and since
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nineteen eighty five. The only time I mean it even you know, correctly
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forecasts Brigton. The only time there was maybe something interesting was the Bush Gore
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election. It did show that Gore should have won, and of course the
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Supreme Court David the Bush after the fact, when the votes were actually counted,
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it did show that Gore would have won. I mean very you know,
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it was a very tight race, but it would have won. So
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it makes me wonder about rigging elections things of that nature. And what I've
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seen with its forecast for twenty twenty four, and I put it on our
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site. I have never seen the computer project something like this, Like I
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said, since nineteen eighty five. Usually the elections are fairly you know,
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you're looking at like fifty three. I mean, no president has won sixty
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percent other than Fdr. Richard Nixon did, and you had John Johnson after
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the Kennedy assassination, which was more or less I think a sympathy vote.
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Other than those three elections, everybody in modern times it's been like fifty three
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fifty four. I think Obama got fifty one, you know, like that.
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So this year's model is showing like sixty one percent for Trump versus thirty
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seven percent, so that you know, out of six models, four are
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all basically showing a Republican victory. The other ones are showing okay, democratic
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victory. But again it's like fifty one percent, so I've thought, I
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mean, when you look at the confidence in government, there was a study
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just that came out in Europe which has got a lot of the politicians a
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little upset, you know, that was on phone with some of them over
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there. It showed the confidence in the European government is thirty that hot,
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huh. I mean it's even in Germany now, they're they're very concerned about
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the AfD is going to win everything. I mean just five years ago over
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they were far right Nazis, you know, and people are just getting fed
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up with the oldest, you know, craziness climate change. I mean,
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you've seen major protests over there from Netherlands and German farmers bars or up in
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arms, and you can't blame them. I mean, but you know,
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even Ursula's our own party is starting to back away from her because they're realizing
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this is is this whole climate change is a disaster and the whole idea of
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net zero doesn't you know, isn't even practical to begin with. So uh,
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I think these policies, Uh, if if you look at Trump objectively,
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what does he stand for. He stands for against uh CBDCs, he's
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against climate change, and he's against war. So it's kind of you know,
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sounds like a winning blackhorn to me. Yeah, I mean, it's
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forget who it is. I mean, if that's the issue really for the
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election, I can see what the computers, you know, are beginning to
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project. But I mean you have you know, ol Chorros putting out this
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this thing. You know, we're showing a painted glass or the bull and
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forty seven dollars next to it, you know, which is clearly a an
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implication basically that you know, to assassinate Trump because a couple of weeks before
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he put out, oh, the only way to stop Trump is to put
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him in prison. I guess he find them maybe read our block and I
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put on Eugene Debs, who they put in prison. Uh, and he
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was still able to run for president and uh for the election, and that
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Wilson didn't like him and he took you know, you look at the facts
6:31
back then. He just stood up and said to resist, you know,
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a war. And Wilson, one of them is thrown in prison. Uh,
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and they did on their sedition, you know. I mean so free
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speeches depends upon you know, it's the eye of the beholder, you know.
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You know, we've been dealing with these you know issues for a long
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time, so you know, there's just too much it's state. Honestly,
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I can't personally see what you know, how can they allow Trump to even
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win? Yeah, those three agendas, you know, and I think Soros
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is little veiled threat is probably very real because they have no other shot.
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And looking at our computer. I'm like, oh my god, I've never
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seen it like this, so you're not. You know, it's not my
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personal opinion here, I've just never seen it, you know, project anything
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that drastic. It's like they can't even fix it, right. It sounds
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like a margin that's too high to fix. Yeah, I mean, look,
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there's scheme about letting all the people in through the border. I encountered
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that before. You know, I've told you in the past. I had
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the mandate from Hong Kong to negotiate with the Australian government when it was going
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to be handed back to China. They knew I knew the Australian government.
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So I met with the former Prime Minister Paul Kitty, and I wanted to
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buy an island. No, I said, look, let this, you
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know, let them come in and we'll take the upper left hand corner of
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Australia. There's really nobody there. No, uh. And it just got
8:33
very frustrating. And I said, I've got a blank check here, I
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can pay off your national debt. What's the problem. And I assumed I
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couldn't think him anything. I said, is this racist? And I said
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no. He said, they're fleeing communism and if they come here, they
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will vote conservative. And he was a labor government. Really, that's what
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they were. They would not allow them to come in because they were afraid
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it would change the politics of the country. And that's what this is all
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about. They're letting all these people that they think is just simply from South
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America. And I suggest watching Cage in the Nightmare at the Border, the
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Chinese are coming coming hands of thousands. They're not going to people are concerned.
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They're not going to liberal right, who knows what they're going to vote
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for. But I mean the point is that these people think they're all from
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South America and they're not. If you look at rfk's documentary Nightmare at the
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Border, ninety five percent of the people were from Middle East and Africa and
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they weren't from South Americas. That he met one couple from Peru. That
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was it. But you know, so, you know, look, intelligence
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is not required to be in government discouraged, you know, yeah, pretty
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much, I mean it. I mean, I've I've met probably more heads
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of stated over the years than anybody, but something really changed. I mean
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I was good friends with Margaret Thatcher and uh, you know it was called
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in by Reagan, you know, back in the g five days and stuff.
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I mean there were people that actually you could have an intelligent conversation with.
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I mean today I don't know anybody that I could. I mean that's
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I mean, not Trudeau, not Urshela, you know, not Biden.
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You know, I mean with Biden, I have to bring a napkin to
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wipe to drool from his mouth, you know. But I mean it's something
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seriously is has gone wrong. And uh, they're just people behind all these
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puppets that pull the strings and and that's really what's our major problem. They're
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all compromised. I mean, Klaus Schwab is Look, Ursula was on the
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board of Schwabs Trudeau, who is basically one of his pet you know,
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projects of young leaders. You have Soros involved, who's basically funding a lot
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of the Democratic elections. They put up money for the Colorado thing to get
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Trump off the off the ballot. I mean, this is an agenda of
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a group of people that are clearly have something other than our best interest at
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heart. Well that's for sure, that's for sure. All right. So
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let's talk about markets. So we talked about gold last time. You said,
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if gold goes down in January, it'll go up for the year.
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If it goes up, then it'll go down for the year. What's your
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forecast saying now, pretty much the same thing. I mean, January I've
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said it was a major, major turning point for this year. You got
12:13
the stock market going up. It looks like we make a January high backlall
12:18
for you at least a couple of months, maybe into May. Our major
12:24
model turns May seventh. If that is a low, then you're looking at
12:30
it turning back up after that. But I think it was confidence collapsing,
12:37
and you have all these people running around saying, oh, the stock market
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is in a crash, blah blah blah. All these people would look at
12:45
is the old charts from nineteen twenty nine, and they have no idea what
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the fundamentals were behind all these issues. You know, you had World War
12:56
One took place, I mean, and then World War Two all the capital
13:01
concentrated in the United States. That's what made nineteen twenty nine. You've had
13:05
all this money that came here basically to hide from World War One, and
13:11
then we had you know, kind of like a dot com bubble. It
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was automobiles and boom, you know, and so it's the same thing happens
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in like in Tokyo in eighty nine, the m was coming up, all
13:24
the capital was concentrating there, and so then you get you get these you
13:31
know, sort of bubbles at that point. And if you look at the
13:35
three stock market indexes, the NASDACK, the S and P five hundred in
13:39
the Dow, and the natsdack's more detail U S and P is tends to
13:46
be more domestic institutional type stuff, and the Dow is more of the showcase
13:56
for international. Like we said before, you know, when the Japanese came
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do they did buy they bought Rock Fellas Center. They don't go down and
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buying mom and pop houses for two hundred grand. Uh, they buy the
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trophies. And so when the Dow is leading, that's showing you that big
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foreign money is still coming in. And we've got these neocons creating war on
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every front possible. So yeah, uh, you know, from Asia to
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the Middle Eightiest to to to Europe, and I mean I've read clients in
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in Tokyo that have woken up, and you know, when you got North
14:41
Korea shooting missiles off over you know testing you know, uh, they've come
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to the conclusion and they better have some money in the United States. And
14:52
and so you're seeing you know, real estate still rising, uh in selected
14:58
areas, the stock market making new highs. I think you're going to see
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a high here in January. The then have back offs at least for a
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couple of months. But this is is basically showing what we're dealing with.
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It's as things get chaotic around the world, the capital runs over here.
15:20
It's hard to evade the United States with you know, you need a you
15:24
know, a flotilla to get here or or an illegal immigrant invasion, right
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pretty much, Yeah, but you have you know, there's just a lot
15:37
going on that way. And honestly, I don't our computer keeps projecting war.
15:45
But you know, as I've said on your show before, I mean
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I mean our computer not only as a forecast you know, pretty much every
15:52
election correctly, but long term trends and things of this nature. And we
16:00
published back at even nineteen eighty seven that the twenty sixteen election would be the
16:04
first time a third party could possibly win, but that ended up being Trump
16:08
is neither a Republicans or the Democrats. He really was. Then for twenty
16:15
twenty it's a you know, extremely tight. But twenty four it said,
16:21
you know, that could be the last election in the United States and that
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nobody's going to accept it from either side. Twenty eight might not even take
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place. Now these are forecast the computer has put out back in nineteen eighty
16:36
five. So having to live through this and see how it actually unfolds,
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it's like, you know, wow, you know, I it's not my
16:45
personal opinion. It's about being pro Trump against Trump or ending out. It's
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just this is the way it is. And I mean even Nigro Farage came
16:56
and spoke at our twenty tie nineteen convention in Rome. He says, of
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course, I'm here. Is there anyone forecast that Brexit would win. I
17:08
mean, all the polls that breaks was on how to lose. I mean
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they did the same thing with Hillary. So I mean, these things are
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there's I think, driven mostly by the combination of what's happening in the world
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economy and the real issue here is they know they're going to default. I've
17:37
been warning and meetings here honestly for fifty years. This is not going to
17:41
work out. And end well, and they've always argued, well where the
17:48
government were different, how governments collapse, and this has been the standard model
17:57
for throughout centuries, all right, and you can see it unfolding now.
18:04
You have the neocons running off lasting China all the time, you generals coming
18:10
out saying we're going to be in war with China within two to three or
18:14
five years whatever. Why would China then buy our debt? You know?
18:22
And too smart? They are the largest holder of you as dat now if
18:26
they stop buying, all right, how governments collapse is that you issue new
18:32
debt and nobody buys it, so you can't pay off the old. That's
18:38
when it all comes crashing down. And we're coming to that area, how
18:44
cuick and that I would say, we're honestly it could be less than two
18:52
years really, So what they're really looking at here, that's what this CBDC
19:00
stuff is about. And people have to understand, all right, China and
19:07
the bricks they're going to do with direct CBDC so the government will actually control
19:12
it directly. The US government cannot do that, the FED can't do it.
19:22
It would be an unconstitutional all a Fourth Amendment, legal search and seizure
19:26
and stuff like that. So what they're doing is they're using the test model
19:34
that they ran on COVID, and people don't understand. I mean, if
19:41
you look at a case, it's McGray versus Harris, the Supreme Court case,
19:47
and I suggest reading a woman you know, said that, oh,
19:53
well, I have a right to an abortion, so the government should pay
19:56
for it. And then and the Supreme Court said, no, the Constitution's
20:03
negative. It's not positive. So it's a restraint upon government. It's not
20:08
a right that you actually have. So if you look at the First Amendment
20:14
says the government shall not ask any law. So what did they do?
20:18
They turned into big tech. You can do whatever you want, so Facebook
20:23
can con censor you on YouTube. Can you have no constitutional rights to free
20:30
speech? That's a misnomer. The government cannot take it away from you,
20:37
but everybody else can. So that's what they're doing with the CBDCs. The
20:44
top banks you're already queuing up to create these digital dollars, they will be
20:52
the ones that actually issue the coins. The FED will then cancel the currency,
20:57
and they will be the monitors, all right, because the FED can't
21:03
do it legally, So if they see something in your account. Oh,
21:08
this looks strange. They're already required to file a suspicious activity report, so
21:15
then they'll go to them. So oh, hey, carry, let's just
21:19
did this all right, and then that's fine. Then the government can go
21:25
in. You know, it's a tip. But the government would have to
21:29
do issue with search warrant to go after you for the same thing. That's
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the difference. So the banks, you're doing the same thing, is like
21:37
Facebook and everything else when they did with their First Amendment issues. Now the
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banks, you're going to do it for the CBDCs, and so the Fed
21:48
will not be issuing ACBDC And you have to understand this, it will be
21:52
indirect not direct. Now once they do that. Uh, Like I said,
22:00
I've been in meetings for years and and or nothing but the same nonsense
22:07
all the time. And they never assume that the government is ever a problem.
22:14
It's always us. So they think that eliminating paper money and then we
22:22
go to these you know, digital dours and whatever, then what happens is
22:30
that will eliminate the underground economy. They really think they're going to get thirty
22:34
five percent more in taxes. This is the number I've been told they believe
22:40
this. This is Look, this is what There are no mirrors in Washington
22:45
or Brussels. They never look at themselves and this is what is really behind
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this all right. Now, what I would think, I mean, I've
22:59
seen these people know they're great taking. I mean, it's a complete nonsense.
23:03
Really, if they took everybody's assets. Okay, then you're talking about
23:10
the military, all right, Why would the military then defend the government.
23:15
Yeah, you know, you can't do that and it would be unconstitutional.
23:21
Anyhow, when a confiscated gold went up to the Supreme Court and you read
23:26
those cases, you still have the same number of dollars. You didn't lose
23:33
anything, all right, that was their interpretation. It could have been clamshells
23:38
or gold or whatever, but you still got the same amount of dollars in
23:42
your account, so you didn't lose anything. So what they're going to do,
23:48
in my opinion, is that they're going to be selectively defaulting. So
23:56
by starting these wars, they were just default on China. They're not going
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to pay that debt, and anybody that opposes us as it will just default
24:04
on it. And that you know, part of what they'll do. China
24:08
has their debt that they defaulted on. That England settled it when they negotiated
24:15
the handover Hong Kong, but we never settled it with the US. So
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we'll just tender our debt to we'll just cancel it out right. Yeah,
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I mean, this is the nonsense that you know they're not going to pay
24:30
it. I mean, that's simple as that. China is a fool for
24:33
even buying anything at this point. Like I said, it would be like
24:38
you know, me pointing an empty gun at you and said, would you
24:42
lend me one hundred dollars so I can buy some bots to shoot you?
24:48
So then the dollar, So the dollar then loses its reserve status, currency
24:53
status? Is that what's going to happen? Well, you have the reason
24:57
that dollar is the reserve is because of nothing that the government does. It
25:03
has to do really with the economy, all right. Uh, the US
25:08
economy is a consumer based economy, and that's what you know China is trying
25:14
to copy the United States. The other type of economy is like what Germany
25:19
did. It's the old mercantile model from like the eighteenth century. We build
25:25
stuff and we sell to everybody else. But if you look at at the
25:30
statue, you'll see a German. The average German has less net worth than
25:34
an italianate. They keep their taxes high, et cetera. So you know,
25:42
they're more interested in building BMW's and Mercedes and selling them to the world.
25:48
You know, that's it. So the US is what is made the
25:53
US the major economy is that it's everybody needs to sell something here, you
26:03
know, if if the Japanese need to sell the toyotas, et cetera.
26:07
All right, so what you're you're looking at here is once they put in
26:15
the sanctions against Russia that undermined the world economy. That was the first blow
26:25
because you started, you know, dividing it. So China starts setting up
26:29
its chip system and then it started getting more countries to to go on that
26:34
line. So the dollar will not be the most the exclusive settling currency.
26:45
But from an economic standpoint, look, you know, uh, trying to
26:52
add really nothing. After communism, you know, finally fell, Japan was
26:56
wiped out after World War Two. Germany was it's the people that may get
27:03
you know, an economy, all right, So Japan and Germany rose to
27:07
the top. Why because the people were very hard producing that. You know,
27:14
you get these people that just talk about oh, precious metals, that's
27:17
it. No, I'm sorry. You look at at Russia. They're the
27:21
richest nation in the world from a natural resource perspective. In nineteen seventeen,
27:27
they had the largest gold reserves of any country on the on the face of
27:32
the earth. But if they don't have an economic system that allows people freely
27:38
to develop things, it doesn't matter. So, I mean, that's the
27:45
real thing about the United States. And I think you know, listen to
27:48
the speech of the head of Argentina at Davos. It was absolutely correct,
27:55
and he was trying to warn you know, the West, you're following the
28:00
path that brought us down right, all right, Archentina was one of the
28:04
richest countries in the world at the time and they fell from the top ten
28:10
to number one forty. Yeah, his speech is very, very good,
28:15
and a lot of people at Davos didn't like it. But all right,
28:19
so we had a little bit of a power failure there. My generator has
28:23
tipped on. So going back to Europe and you know, we're going to
28:29
have these regional I guess currencies. There won't be a master reserve currency like
28:36
the dollar. Now, is that how it's going to shape out? Well,
28:38
I think you'll end up with with two. I mean, the IMF
28:42
is creating their own coin and they're trying to you know, replace the dollar.
28:49
But again, I don't think they understand what makes a reserve currency to
28:53
begin with. You know, they you know that they think they can just
28:59
decreate and and that's just not going to be the case. So I would
29:03
say that I'm not really a hundred percent sure that that that's going to work
29:11
out very well for them. But what I would look at is you're definitely
29:15
creating, uh, you you bifurcated the world the economy because of the sanctions
29:22
against Russia, and so China is is going to be going toe to toe
29:30
with the US as far as uh, you know, creating it its network
29:33
and redeveloping it's it's soak road, et cetera. So as time goes out,
29:42
the US is uh, it is definitely declining. Once they, like
29:51
I said, once they did the sanctions against the Russia and took them out
29:55
of the swift, that was that was it, you know. And I
29:59
should point out when Nurushia went into crimea back in twenty fourteen, Obama went
30:04
to Swift and wanted to have a removed, and Swift refused and said,
30:10
you're not going to turn the world monetary system into a weapon. So what
30:12
did they do? They replaced the head of Swift in twenty nineteen and Biden
30:18
goes in says remove Oh, okay, fine, whatever you want to do.
30:22
So now the Swift system is no longer the world system. Simple as
30:27
that. You know, they committed their own suicide, right all right,
30:33
So looking ahead here, so because of the loss of faith in the government,
30:41
we'll see higher stock prices. You're thinking there's more money flows into it
30:48
from all of all. Yeah, I mean I know a lot of people
30:53
like look at twenty nine and keep saying the stock market's going to craft.
30:57
Actually look at this, Oh right, fine, that's what I mean.
31:00
They don't understand the fundamentals behind any of this. And just ask yourself,
31:07
are you willing to sell all your stocks today and all your private assets and
31:12
go buy bonds from Biden? I mean, that's the real solution. What
31:18
these people were saying that there would be some giant crash, it's the opposite.
31:25
The crash is coming in the government in which case the amount of money
31:32
in government debt globally is at least ten times that in the private sector.
31:38
Yeah, so the smart money has been moving out. I mean it's I'm
31:44
still getting at least three calls a week. You want to sell your house?
31:48
No, thank you? You know where am I going to go to?
31:49
Chicago? You know? I mean, so the market is not died
31:56
down over here. Then you also have the internal migration within the country,
32:02
and you get people fleeing all the Blue states moving to the Red States.
32:07
And as that happens, then and the Blue states are sure and revenue do
32:14
and instead of reforming, theyjors raised taxes. Uh, you just had bezos
32:19
from you know, Amazon moved to Miami. I mean, I can tell
32:24
you myke you know, I moved here seven years ago. And back then,
32:31
my lawyer said that if I died when I lived in New Jersey,
32:35
tell your family to drag your body across the river before they tell anybody,
32:38
you know, because you know you're They take half of what you earn while
32:46
you're living, and then when you die to one the other half. It's
32:52
ridiculous, you know, And so so many people have just been leaving.
32:58
I mean, we held conferences in Hong Kong. I had to give them
33:02
the jersey ten percent. Why you know, what'd you do for me?
33:06
You the only thing you ever give me is parking tickets and stuff, you
33:10
know, in private parking lots so less. So you know, it's I
33:19
think that's where we're really going here. It's it's, uh, the confidence
33:24
in government is collapsing, and as I said, their own study in Europe
33:30
showed it's down to thirty percent. When you're looking at confidence collapsing like this,
33:37
you're not going to buy the debt. Yeah, and that's the sovereign
33:42
debt crisis. When China no longer continues to buy the debt and is a
33:46
net seller, how do you then raise money to pay off the list tranche
33:53
of debt that's expiring. That's when governments collapse. That's how it happens.
34:00
Hey, So inflation, we're looking to get more inflation in the coming year
34:07
or is it going to back off or re emerge. No, We're we're
34:13
looking at an economic recession after May into twenty eight. But that's going to
34:22
be met with still rising inflation because we're looking at you know, this type
34:27
of inflation is more like the seventies when OPEC raised the price of oil,
34:34
it was a cost push inflation, so we ended up with stagflation. This
34:42
is the same thing once they did that. COVID nonsense locking us down.
34:46
I mean I got email us from farmers they had to kill thirty some thousand
34:51
chickens because one they couldn't buy the food to get it in, and two
34:54
they couldn't get anybody to pick up the chicken. This issach on the market.
34:58
It's ridiculous. Yeah, what do you do? And so I mean
35:01
these people are honestly, those in government are just there's nobody there with half
35:08
of brains or maybe even ten percent of one if they if they had it,
35:14
they left long ago, right. Look, I mean I know a
35:19
lot of people. I mean I had a one who I became friends with
35:25
was the chief of staff for the House Spanking Committee, and I he was
35:31
going to retire, and I said, why are you doing that? Retiring
35:35
early? He said, I can't take it here anymore. I got to
35:37
get out. I said, we really could use people like you're still here
35:42
in the next few years. He's not sorry, not interested. I know
35:46
six other politicians leaving, all saying the same thing. You know, I
35:52
just want to get out of here before the roof caves in. They'd get
35:57
there like multi million dollar pension, lifetime health insurance. Hey, one final
36:02
question, Martin. So when everything blows up, how are they going to
36:06
keep paying all these benefits, all these pensions, all the promises, social
36:10
security, medicare. Because, like Margaret Thatcher said, your good friend,
36:16
eventually the problem with socialism is eventually run out of other people's mind. That's
36:23
what we're That's what's happening. If you look at the data from the IRS,
36:29
you know, and the top taxpayers are all moving to the Red states.
36:36
Here at Florida, we have no no income tax, state income tax.
36:39
You go to California thirteen and a half. Oh, you know,
36:44
it's it's you know, it's just economically not feasible. And so at this
36:53
stage in the game, what happened I think is that they're going to they
36:57
need war as a diversion. So what I have heard on war is that
37:05
they may started even this summer. Really and look, these people just they're
37:15
they're insane. But the scuttle but is that, well, no present has
37:21
ever lost an election during war. So we start the warship Biden gets re
37:25
elected. Others are saying, well, they're afraid that Trump gonna win,
37:32
so if they start a war before he gets in, then he can't get
37:36
out of it. So I would be very concerned. You're you're going to
37:43
see these people, uh, connive some sort of a war, you know,
37:49
in the summer, probably maybe July. Uh. I mean, it's
37:57
this is what they're doing all and they need this diversion because government is collapsing.
38:06
They're not going to be able to fund all these social programs, as
38:08
you find it out, and then they blame everything, like when inflation started,
38:15
they were calling, oh, it's Putin's inflation, you know. And
38:21
they need a diversion because they are not willing to admit that since World War
38:27
Two, all they've ever been doing is borrowing every year with no intention of
38:30
ever paying it off. As we've said, right now, we got interest
38:35
payments at a trillion dollars. When Ronald Reagan came to power, the national
38:40
debt hit a trillion and everybody freaked out. Then well now we've got an
38:45
inru out payment annually at a trillion dollars. So these people little things like
38:50
police and fire protection and ambulances. Those are social programs to them, just
38:57
like any other social program, and they're there to be cut and to be
39:02
done with as they see fit it. It'll be interesting to see if you
39:06
can't pay the cops how things turn out. In any event, been a
39:13
pleasure as always, Martin. Make sure you go to Martin's site, sign
39:16
up for his newsletter Armstrong Economics dot com. Link at the show to notes
39:22
right here, and Martin, we'll talk to you again in another couple of
39:27
months and see how this thing has unwound. Well. Nice to see Gary,
39:30
and stay warm on your side of the state. Thanks for listening to
39:35
carry Letz's Financial Survival Network your solution to today's trying times. For the latest,
39:42
go to Financial Survivalnetwork dot com. Financial Survival Network now more than ever.