1 00:00:00,240 --> 00:00:04,759 I mean our computer not only is a forecast you know pretty much every election 2 00:00:05,000 --> 00:00:11,160 correctly, but long term trends and things of this nature. And we have 3 00:00:11,279 --> 00:00:16,879 published back at even nineteen eighty seven that the twenty sixteen election would be the 4 00:00:16,920 --> 00:00:20,839 first time a third party could possibly win, but that ended up being trunk. 5 00:00:21,039 --> 00:00:25,679 You were listening to Carrie Leutz's Financial Survival Network, where you get valuable 6 00:00:25,679 --> 00:00:31,160 information you just can't find anywhere else to thrive in today's trying times. You 7 00:00:31,320 --> 00:00:37,880 need the Financial Survival Network now more than ever. Go to Financial Survivalnetwork dot 8 00:00:37,880 --> 00:00:44,640 com and get your free newsletter and gift. Financial Survival Network now more than 9 00:00:44,679 --> 00:00:53,079 ever. And welcome you are listening to and watching the Financial Survival Network. 10 00:00:53,079 --> 00:00:57,960 I'm your host, Harry Lutz and markin Armstrong is back with us again. 11 00:00:58,280 --> 00:01:03,000 We've got some election forecast to provide you with as well as what the markets 12 00:01:03,040 --> 00:01:07,519 are doing, what they'll continue to do. Marty, it's great to have 13 00:01:07,560 --> 00:01:10,640 you back on the show. So oh and by the way, if you 14 00:01:10,640 --> 00:01:15,239 want to find his work and sign up to his email list, it's Armstrong 15 00:01:15,439 --> 00:01:18,560 Economics dot com. And if you want to send us an email, it's 16 00:01:18,640 --> 00:01:23,280 kl at Carrie luds dot com right when we last spoke. We don't usually 17 00:01:23,280 --> 00:01:26,439 get into politics on this show. It's a family show, after all, 18 00:01:26,920 --> 00:01:33,920 and we don't want the little kiddies to be offended. But hey, it's 19 00:01:34,359 --> 00:01:40,519 obvious Trump is now the nominee unless the courts say otherwise. My personal opinion, 20 00:01:40,560 --> 00:01:44,000 I don't think the courts will whether they think he should be there or 21 00:01:44,040 --> 00:01:47,040 not. At this point, They're just going to go with the flow. 22 00:01:47,480 --> 00:01:53,200 What is Socrates saying about this next election twenty twenty four, Well, it's 23 00:01:53,319 --> 00:02:00,680 very interesting because the computer's never been wrong on his political forecast, and since 24 00:02:00,799 --> 00:02:07,280 nineteen eighty five. The only time I mean it even you know, correctly 25 00:02:07,400 --> 00:02:16,159 forecasts Brigton. The only time there was maybe something interesting was the Bush Gore 26 00:02:16,919 --> 00:02:22,639 election. It did show that Gore should have won, and of course the 27 00:02:22,719 --> 00:02:28,280 Supreme Court David the Bush after the fact, when the votes were actually counted, 28 00:02:28,400 --> 00:02:30,680 it did show that Gore would have won. I mean very you know, 29 00:02:30,719 --> 00:02:35,400 it was a very tight race, but it would have won. So 30 00:02:36,039 --> 00:02:42,479 it makes me wonder about rigging elections things of that nature. And what I've 31 00:02:42,560 --> 00:02:46,199 seen with its forecast for twenty twenty four, and I put it on our 32 00:02:46,319 --> 00:02:53,080 site. I have never seen the computer project something like this, Like I 33 00:02:53,120 --> 00:03:00,400 said, since nineteen eighty five. Usually the elections are fairly you know, 34 00:03:00,680 --> 00:03:06,319 you're looking at like fifty three. I mean, no president has won sixty 35 00:03:06,400 --> 00:03:17,599 percent other than Fdr. Richard Nixon did, and you had John Johnson after 36 00:03:19,240 --> 00:03:23,080 the Kennedy assassination, which was more or less I think a sympathy vote. 37 00:03:23,680 --> 00:03:28,599 Other than those three elections, everybody in modern times it's been like fifty three 38 00:03:28,800 --> 00:03:31,960 fifty four. I think Obama got fifty one, you know, like that. 39 00:03:32,520 --> 00:03:38,280 So this year's model is showing like sixty one percent for Trump versus thirty 40 00:03:38,360 --> 00:03:45,319 seven percent, so that you know, out of six models, four are 41 00:03:45,360 --> 00:03:53,560 all basically showing a Republican victory. The other ones are showing okay, democratic 42 00:03:53,680 --> 00:04:00,800 victory. But again it's like fifty one percent, so I've thought, I 43 00:04:00,800 --> 00:04:06,800 mean, when you look at the confidence in government, there was a study 44 00:04:08,319 --> 00:04:13,560 just that came out in Europe which has got a lot of the politicians a 45 00:04:13,599 --> 00:04:15,839 little upset, you know, that was on phone with some of them over 46 00:04:15,879 --> 00:04:23,079 there. It showed the confidence in the European government is thirty that hot, 47 00:04:23,279 --> 00:04:30,120 huh. I mean it's even in Germany now, they're they're very concerned about 48 00:04:30,160 --> 00:04:34,639 the AfD is going to win everything. I mean just five years ago over 49 00:04:34,680 --> 00:04:40,959 they were far right Nazis, you know, and people are just getting fed 50 00:04:41,079 --> 00:04:46,879 up with the oldest, you know, craziness climate change. I mean, 51 00:04:46,920 --> 00:04:53,839 you've seen major protests over there from Netherlands and German farmers bars or up in 52 00:04:54,000 --> 00:04:57,279 arms, and you can't blame them. I mean, but you know, 53 00:04:57,839 --> 00:05:02,399 even Ursula's our own party is starting to back away from her because they're realizing 54 00:05:02,439 --> 00:05:10,519 this is is this whole climate change is a disaster and the whole idea of 55 00:05:10,560 --> 00:05:15,800 net zero doesn't you know, isn't even practical to begin with. So uh, 56 00:05:16,519 --> 00:05:23,480 I think these policies, Uh, if if you look at Trump objectively, 57 00:05:23,639 --> 00:05:28,720 what does he stand for. He stands for against uh CBDCs, he's 58 00:05:28,759 --> 00:05:33,480 against climate change, and he's against war. So it's kind of you know, 59 00:05:34,480 --> 00:05:39,560 sounds like a winning blackhorn to me. Yeah, I mean, it's 60 00:05:39,800 --> 00:05:43,680 forget who it is. I mean, if that's the issue really for the 61 00:05:44,199 --> 00:05:47,319 election, I can see what the computers, you know, are beginning to 62 00:05:47,399 --> 00:05:56,480 project. But I mean you have you know, ol Chorros putting out this 63 00:05:56,480 --> 00:06:00,720 this thing. You know, we're showing a painted glass or the bull and 64 00:06:00,800 --> 00:06:05,319 forty seven dollars next to it, you know, which is clearly a an 65 00:06:05,360 --> 00:06:12,399 implication basically that you know, to assassinate Trump because a couple of weeks before 66 00:06:12,560 --> 00:06:15,240 he put out, oh, the only way to stop Trump is to put 67 00:06:15,319 --> 00:06:17,800 him in prison. I guess he find them maybe read our block and I 68 00:06:17,839 --> 00:06:23,600 put on Eugene Debs, who they put in prison. Uh, and he 69 00:06:23,720 --> 00:06:27,879 was still able to run for president and uh for the election, and that 70 00:06:27,959 --> 00:06:31,040 Wilson didn't like him and he took you know, you look at the facts 71 00:06:31,079 --> 00:06:35,000 back then. He just stood up and said to resist, you know, 72 00:06:35,079 --> 00:06:41,199 a war. And Wilson, one of them is thrown in prison. Uh, 73 00:06:41,319 --> 00:06:45,759 and they did on their sedition, you know. I mean so free 74 00:06:45,800 --> 00:06:49,560 speeches depends upon you know, it's the eye of the beholder, you know. 75 00:06:51,519 --> 00:06:55,439 You know, we've been dealing with these you know issues for a long 76 00:06:55,519 --> 00:07:00,600 time, so you know, there's just too much it's state. Honestly, 77 00:07:00,759 --> 00:07:09,040 I can't personally see what you know, how can they allow Trump to even 78 00:07:09,079 --> 00:07:15,879 win? Yeah, those three agendas, you know, and I think Soros 79 00:07:16,040 --> 00:07:23,600 is little veiled threat is probably very real because they have no other shot. 80 00:07:23,680 --> 00:07:27,639 And looking at our computer. I'm like, oh my god, I've never 81 00:07:27,720 --> 00:07:30,120 seen it like this, so you're not. You know, it's not my 82 00:07:30,240 --> 00:07:38,079 personal opinion here, I've just never seen it, you know, project anything 83 00:07:38,160 --> 00:07:43,160 that drastic. It's like they can't even fix it, right. It sounds 84 00:07:43,199 --> 00:07:49,040 like a margin that's too high to fix. Yeah, I mean, look, 85 00:07:49,079 --> 00:07:57,279 there's scheme about letting all the people in through the border. I encountered 86 00:07:57,279 --> 00:08:03,480 that before. You know, I've told you in the past. I had 87 00:08:03,480 --> 00:08:09,160 the mandate from Hong Kong to negotiate with the Australian government when it was going 88 00:08:09,199 --> 00:08:13,079 to be handed back to China. They knew I knew the Australian government. 89 00:08:13,120 --> 00:08:22,319 So I met with the former Prime Minister Paul Kitty, and I wanted to 90 00:08:22,360 --> 00:08:24,959 buy an island. No, I said, look, let this, you 91 00:08:26,000 --> 00:08:28,879 know, let them come in and we'll take the upper left hand corner of 92 00:08:28,920 --> 00:08:33,799 Australia. There's really nobody there. No, uh. And it just got 93 00:08:33,879 --> 00:08:35,360 very frustrating. And I said, I've got a blank check here, I 94 00:08:35,360 --> 00:08:43,919 can pay off your national debt. What's the problem. And I assumed I 95 00:08:43,360 --> 00:08:48,720 couldn't think him anything. I said, is this racist? And I said 96 00:08:48,799 --> 00:08:54,639 no. He said, they're fleeing communism and if they come here, they 97 00:08:54,679 --> 00:08:58,480 will vote conservative. And he was a labor government. Really, that's what 98 00:08:58,559 --> 00:09:03,919 they were. They would not allow them to come in because they were afraid 99 00:09:03,960 --> 00:09:09,000 it would change the politics of the country. And that's what this is all 100 00:09:09,039 --> 00:09:13,559 about. They're letting all these people that they think is just simply from South 101 00:09:13,600 --> 00:09:18,600 America. And I suggest watching Cage in the Nightmare at the Border, the 102 00:09:18,720 --> 00:09:24,200 Chinese are coming coming hands of thousands. They're not going to people are concerned. 103 00:09:24,240 --> 00:09:28,480 They're not going to liberal right, who knows what they're going to vote 104 00:09:28,519 --> 00:09:31,799 for. But I mean the point is that these people think they're all from 105 00:09:31,840 --> 00:09:39,679 South America and they're not. If you look at rfk's documentary Nightmare at the 106 00:09:39,720 --> 00:09:46,919 Border, ninety five percent of the people were from Middle East and Africa and 107 00:09:48,039 --> 00:09:52,240 they weren't from South Americas. That he met one couple from Peru. That 108 00:09:52,360 --> 00:09:58,960 was it. But you know, so, you know, look, intelligence 109 00:10:00,120 --> 00:10:05,440 is not required to be in government discouraged, you know, yeah, pretty 110 00:10:05,519 --> 00:10:11,399 much, I mean it. I mean, I've I've met probably more heads 111 00:10:11,399 --> 00:10:16,799 of stated over the years than anybody, but something really changed. I mean 112 00:10:16,840 --> 00:10:22,159 I was good friends with Margaret Thatcher and uh, you know it was called 113 00:10:22,200 --> 00:10:26,240 in by Reagan, you know, back in the g five days and stuff. 114 00:10:26,679 --> 00:10:31,639 I mean there were people that actually you could have an intelligent conversation with. 115 00:10:31,840 --> 00:10:39,200 I mean today I don't know anybody that I could. I mean that's 116 00:10:39,320 --> 00:10:43,840 I mean, not Trudeau, not Urshela, you know, not Biden. 117 00:10:43,080 --> 00:10:46,639 You know, I mean with Biden, I have to bring a napkin to 118 00:10:46,759 --> 00:10:52,840 wipe to drool from his mouth, you know. But I mean it's something 119 00:10:52,000 --> 00:10:58,919 seriously is has gone wrong. And uh, they're just people behind all these 120 00:11:00,039 --> 00:11:07,200 puppets that pull the strings and and that's really what's our major problem. They're 121 00:11:07,240 --> 00:11:13,000 all compromised. I mean, Klaus Schwab is Look, Ursula was on the 122 00:11:13,039 --> 00:11:18,200 board of Schwabs Trudeau, who is basically one of his pet you know, 123 00:11:18,279 --> 00:11:26,080 projects of young leaders. You have Soros involved, who's basically funding a lot 124 00:11:26,120 --> 00:11:31,519 of the Democratic elections. They put up money for the Colorado thing to get 125 00:11:31,799 --> 00:11:37,240 Trump off the off the ballot. I mean, this is an agenda of 126 00:11:37,279 --> 00:11:45,200 a group of people that are clearly have something other than our best interest at 127 00:11:45,200 --> 00:11:48,960 heart. Well that's for sure, that's for sure. All right. So 128 00:11:48,039 --> 00:11:52,600 let's talk about markets. So we talked about gold last time. You said, 129 00:11:52,159 --> 00:11:56,840 if gold goes down in January, it'll go up for the year. 130 00:11:56,279 --> 00:12:01,600 If it goes up, then it'll go down for the year. What's your 131 00:12:01,639 --> 00:12:07,440 forecast saying now, pretty much the same thing. I mean, January I've 132 00:12:07,480 --> 00:12:13,320 said it was a major, major turning point for this year. You got 133 00:12:13,360 --> 00:12:18,320 the stock market going up. It looks like we make a January high backlall 134 00:12:18,399 --> 00:12:24,919 for you at least a couple of months, maybe into May. Our major 135 00:12:24,000 --> 00:12:30,000 model turns May seventh. If that is a low, then you're looking at 136 00:12:30,039 --> 00:12:37,759 it turning back up after that. But I think it was confidence collapsing, 137 00:12:37,399 --> 00:12:41,919 and you have all these people running around saying, oh, the stock market 138 00:12:41,000 --> 00:12:45,440 is in a crash, blah blah blah. All these people would look at 139 00:12:45,519 --> 00:12:48,879 is the old charts from nineteen twenty nine, and they have no idea what 140 00:12:48,960 --> 00:12:56,320 the fundamentals were behind all these issues. You know, you had World War 141 00:12:56,399 --> 00:13:01,240 One took place, I mean, and then World War Two all the capital 142 00:13:01,360 --> 00:13:05,519 concentrated in the United States. That's what made nineteen twenty nine. You've had 143 00:13:05,559 --> 00:13:11,080 all this money that came here basically to hide from World War One, and 144 00:13:11,120 --> 00:13:15,000 then we had you know, kind of like a dot com bubble. It 145 00:13:15,039 --> 00:13:20,240 was automobiles and boom, you know, and so it's the same thing happens 146 00:13:20,600 --> 00:13:24,759 in like in Tokyo in eighty nine, the m was coming up, all 147 00:13:24,840 --> 00:13:31,000 the capital was concentrating there, and so then you get you get these you 148 00:13:31,080 --> 00:13:35,879 know, sort of bubbles at that point. And if you look at the 149 00:13:35,000 --> 00:13:39,159 three stock market indexes, the NASDACK, the S and P five hundred in 150 00:13:39,200 --> 00:13:46,519 the Dow, and the natsdack's more detail U S and P is tends to 151 00:13:46,559 --> 00:13:56,279 be more domestic institutional type stuff, and the Dow is more of the showcase 152 00:13:56,360 --> 00:14:01,200 for international. Like we said before, you know, when the Japanese came 153 00:14:01,480 --> 00:14:05,720 do they did buy they bought Rock Fellas Center. They don't go down and 154 00:14:05,879 --> 00:14:09,320 buying mom and pop houses for two hundred grand. Uh, they buy the 155 00:14:09,639 --> 00:14:18,240 trophies. And so when the Dow is leading, that's showing you that big 156 00:14:18,399 --> 00:14:24,240 foreign money is still coming in. And we've got these neocons creating war on 157 00:14:24,360 --> 00:14:31,000 every front possible. So yeah, uh, you know, from Asia to 158 00:14:31,039 --> 00:14:37,120 the Middle Eightiest to to to Europe, and I mean I've read clients in 159 00:14:37,120 --> 00:14:41,840 in Tokyo that have woken up, and you know, when you got North 160 00:14:41,919 --> 00:14:48,240 Korea shooting missiles off over you know testing you know, uh, they've come 161 00:14:48,279 --> 00:14:52,519 to the conclusion and they better have some money in the United States. And 162 00:14:52,519 --> 00:14:58,799 and so you're seeing you know, real estate still rising, uh in selected 163 00:14:58,840 --> 00:15:03,600 areas, the stock market making new highs. I think you're going to see 164 00:15:03,600 --> 00:15:07,240 a high here in January. The then have back offs at least for a 165 00:15:07,279 --> 00:15:13,240 couple of months. But this is is basically showing what we're dealing with. 166 00:15:13,399 --> 00:15:20,879 It's as things get chaotic around the world, the capital runs over here. 167 00:15:20,679 --> 00:15:24,320 It's hard to evade the United States with you know, you need a you 168 00:15:24,320 --> 00:15:31,519 know, a flotilla to get here or or an illegal immigrant invasion, right 169 00:15:31,960 --> 00:15:37,519 pretty much, Yeah, but you have you know, there's just a lot 170 00:15:37,600 --> 00:15:43,799 going on that way. And honestly, I don't our computer keeps projecting war. 171 00:15:45,320 --> 00:15:48,799 But you know, as I've said on your show before, I mean 172 00:15:48,039 --> 00:15:52,960 I mean our computer not only as a forecast you know, pretty much every 173 00:15:52,159 --> 00:15:58,799 election correctly, but long term trends and things of this nature. And we 174 00:16:00,159 --> 00:16:04,720 published back at even nineteen eighty seven that the twenty sixteen election would be the 175 00:16:04,759 --> 00:16:08,679 first time a third party could possibly win, but that ended up being Trump 176 00:16:08,840 --> 00:16:15,600 is neither a Republicans or the Democrats. He really was. Then for twenty 177 00:16:15,679 --> 00:16:19,919 twenty it's a you know, extremely tight. But twenty four it said, 178 00:16:21,039 --> 00:16:25,960 you know, that could be the last election in the United States and that 179 00:16:26,120 --> 00:16:30,120 nobody's going to accept it from either side. Twenty eight might not even take 180 00:16:30,159 --> 00:16:36,480 place. Now these are forecast the computer has put out back in nineteen eighty 181 00:16:36,519 --> 00:16:41,720 five. So having to live through this and see how it actually unfolds, 182 00:16:41,799 --> 00:16:45,559 it's like, you know, wow, you know, I it's not my 183 00:16:45,720 --> 00:16:52,000 personal opinion. It's about being pro Trump against Trump or ending out. It's 184 00:16:52,039 --> 00:16:56,519 just this is the way it is. And I mean even Nigro Farage came 185 00:16:56,559 --> 00:17:03,440 and spoke at our twenty tie nineteen convention in Rome. He says, of 186 00:17:03,440 --> 00:17:08,839 course, I'm here. Is there anyone forecast that Brexit would win. I 187 00:17:08,880 --> 00:17:12,079 mean, all the polls that breaks was on how to lose. I mean 188 00:17:12,400 --> 00:17:18,599 they did the same thing with Hillary. So I mean, these things are 189 00:17:19,119 --> 00:17:26,440 there's I think, driven mostly by the combination of what's happening in the world 190 00:17:26,519 --> 00:17:37,240 economy and the real issue here is they know they're going to default. I've 191 00:17:37,240 --> 00:17:41,759 been warning and meetings here honestly for fifty years. This is not going to 192 00:17:41,839 --> 00:17:48,680 work out. And end well, and they've always argued, well where the 193 00:17:48,720 --> 00:17:57,279 government were different, how governments collapse, and this has been the standard model 194 00:17:57,599 --> 00:18:03,799 for throughout centuries, all right, and you can see it unfolding now. 195 00:18:04,759 --> 00:18:10,920 You have the neocons running off lasting China all the time, you generals coming 196 00:18:10,920 --> 00:18:14,480 out saying we're going to be in war with China within two to three or 197 00:18:14,519 --> 00:18:19,079 five years whatever. Why would China then buy our debt? You know? 198 00:18:22,319 --> 00:18:26,559 And too smart? They are the largest holder of you as dat now if 199 00:18:26,599 --> 00:18:32,799 they stop buying, all right, how governments collapse is that you issue new 200 00:18:32,839 --> 00:18:38,519 debt and nobody buys it, so you can't pay off the old. That's 201 00:18:38,559 --> 00:18:44,720 when it all comes crashing down. And we're coming to that area, how 202 00:18:44,759 --> 00:18:52,480 cuick and that I would say, we're honestly it could be less than two 203 00:18:52,559 --> 00:19:00,960 years really, So what they're really looking at here, that's what this CBDC 204 00:19:00,160 --> 00:19:07,160 stuff is about. And people have to understand, all right, China and 205 00:19:07,200 --> 00:19:12,119 the bricks they're going to do with direct CBDC so the government will actually control 206 00:19:12,160 --> 00:19:22,720 it directly. The US government cannot do that, the FED can't do it. 207 00:19:22,720 --> 00:19:26,400 It would be an unconstitutional all a Fourth Amendment, legal search and seizure 208 00:19:26,440 --> 00:19:34,000 and stuff like that. So what they're doing is they're using the test model 209 00:19:34,079 --> 00:19:41,400 that they ran on COVID, and people don't understand. I mean, if 210 00:19:41,440 --> 00:19:47,000 you look at a case, it's McGray versus Harris, the Supreme Court case, 211 00:19:47,799 --> 00:19:53,480 and I suggest reading a woman you know, said that, oh, 212 00:19:53,519 --> 00:19:56,039 well, I have a right to an abortion, so the government should pay 213 00:19:56,119 --> 00:20:03,200 for it. And then and the Supreme Court said, no, the Constitution's 214 00:20:03,279 --> 00:20:07,559 negative. It's not positive. So it's a restraint upon government. It's not 215 00:20:08,119 --> 00:20:14,079 a right that you actually have. So if you look at the First Amendment 216 00:20:14,160 --> 00:20:18,680 says the government shall not ask any law. So what did they do? 217 00:20:18,200 --> 00:20:23,359 They turned into big tech. You can do whatever you want, so Facebook 218 00:20:23,400 --> 00:20:30,559 can con censor you on YouTube. Can you have no constitutional rights to free 219 00:20:30,559 --> 00:20:37,359 speech? That's a misnomer. The government cannot take it away from you, 220 00:20:37,640 --> 00:20:44,839 but everybody else can. So that's what they're doing with the CBDCs. The 221 00:20:44,880 --> 00:20:52,440 top banks you're already queuing up to create these digital dollars, they will be 222 00:20:52,480 --> 00:20:56,880 the ones that actually issue the coins. The FED will then cancel the currency, 223 00:20:57,599 --> 00:21:03,599 and they will be the monitors, all right, because the FED can't 224 00:21:03,640 --> 00:21:08,079 do it legally, So if they see something in your account. Oh, 225 00:21:08,400 --> 00:21:15,799 this looks strange. They're already required to file a suspicious activity report, so 226 00:21:15,839 --> 00:21:18,960 then they'll go to them. So oh, hey, carry, let's just 227 00:21:19,000 --> 00:21:25,160 did this all right, and then that's fine. Then the government can go 228 00:21:25,240 --> 00:21:29,000 in. You know, it's a tip. But the government would have to 229 00:21:29,079 --> 00:21:33,400 do issue with search warrant to go after you for the same thing. That's 230 00:21:33,440 --> 00:21:37,359 the difference. So the banks, you're doing the same thing, is like 231 00:21:37,440 --> 00:21:42,480 Facebook and everything else when they did with their First Amendment issues. Now the 232 00:21:42,519 --> 00:21:48,000 banks, you're going to do it for the CBDCs, and so the Fed 233 00:21:48,640 --> 00:21:52,839 will not be issuing ACBDC And you have to understand this, it will be 234 00:21:52,920 --> 00:22:00,559 indirect not direct. Now once they do that. Uh, Like I said, 235 00:22:00,599 --> 00:22:07,440 I've been in meetings for years and and or nothing but the same nonsense 236 00:22:07,480 --> 00:22:12,839 all the time. And they never assume that the government is ever a problem. 237 00:22:14,839 --> 00:22:22,960 It's always us. So they think that eliminating paper money and then we 238 00:22:22,079 --> 00:22:30,400 go to these you know, digital dours and whatever, then what happens is 239 00:22:30,440 --> 00:22:34,559 that will eliminate the underground economy. They really think they're going to get thirty 240 00:22:34,559 --> 00:22:40,759 five percent more in taxes. This is the number I've been told they believe 241 00:22:40,839 --> 00:22:45,599 this. This is Look, this is what There are no mirrors in Washington 242 00:22:45,680 --> 00:22:52,640 or Brussels. They never look at themselves and this is what is really behind 243 00:22:52,759 --> 00:22:59,240 this all right. Now, what I would think, I mean, I've 244 00:22:59,359 --> 00:23:03,359 seen these people know they're great taking. I mean, it's a complete nonsense. 245 00:23:03,440 --> 00:23:10,920 Really, if they took everybody's assets. Okay, then you're talking about 246 00:23:10,960 --> 00:23:15,400 the military, all right, Why would the military then defend the government. 247 00:23:15,920 --> 00:23:21,680 Yeah, you know, you can't do that and it would be unconstitutional. 248 00:23:21,759 --> 00:23:26,720 Anyhow, when a confiscated gold went up to the Supreme Court and you read 249 00:23:26,759 --> 00:23:33,039 those cases, you still have the same number of dollars. You didn't lose 250 00:23:33,079 --> 00:23:37,599 anything, all right, that was their interpretation. It could have been clamshells 251 00:23:38,119 --> 00:23:42,200 or gold or whatever, but you still got the same amount of dollars in 252 00:23:42,240 --> 00:23:48,640 your account, so you didn't lose anything. So what they're going to do, 253 00:23:48,720 --> 00:23:55,359 in my opinion, is that they're going to be selectively defaulting. So 254 00:23:56,319 --> 00:24:00,079 by starting these wars, they were just default on China. They're not going 255 00:24:00,119 --> 00:24:04,400 to pay that debt, and anybody that opposes us as it will just default 256 00:24:04,440 --> 00:24:08,839 on it. And that you know, part of what they'll do. China 257 00:24:08,880 --> 00:24:15,200 has their debt that they defaulted on. That England settled it when they negotiated 258 00:24:15,279 --> 00:24:19,960 the handover Hong Kong, but we never settled it with the US. So 259 00:24:21,559 --> 00:24:26,119 we'll just tender our debt to we'll just cancel it out right. Yeah, 260 00:24:26,160 --> 00:24:30,480 I mean, this is the nonsense that you know they're not going to pay 261 00:24:30,519 --> 00:24:33,880 it. I mean, that's simple as that. China is a fool for 262 00:24:33,920 --> 00:24:38,279 even buying anything at this point. Like I said, it would be like 263 00:24:38,440 --> 00:24:42,680 you know, me pointing an empty gun at you and said, would you 264 00:24:42,720 --> 00:24:45,200 lend me one hundred dollars so I can buy some bots to shoot you? 265 00:24:48,240 --> 00:24:53,319 So then the dollar, So the dollar then loses its reserve status, currency 266 00:24:53,359 --> 00:24:56,960 status? Is that what's going to happen? Well, you have the reason 267 00:24:57,000 --> 00:25:03,960 that dollar is the reserve is because of nothing that the government does. It 268 00:25:03,039 --> 00:25:08,359 has to do really with the economy, all right. Uh, the US 269 00:25:08,400 --> 00:25:14,640 economy is a consumer based economy, and that's what you know China is trying 270 00:25:14,680 --> 00:25:19,440 to copy the United States. The other type of economy is like what Germany 271 00:25:19,480 --> 00:25:25,759 did. It's the old mercantile model from like the eighteenth century. We build 272 00:25:25,799 --> 00:25:30,799 stuff and we sell to everybody else. But if you look at at the 273 00:25:30,920 --> 00:25:33,839 statue, you'll see a German. The average German has less net worth than 274 00:25:34,039 --> 00:25:42,480 an italianate. They keep their taxes high, et cetera. So you know, 275 00:25:42,559 --> 00:25:47,960 they're more interested in building BMW's and Mercedes and selling them to the world. 276 00:25:48,119 --> 00:25:53,799 You know, that's it. So the US is what is made the 277 00:25:53,920 --> 00:26:03,359 US the major economy is that it's everybody needs to sell something here, you 278 00:26:03,400 --> 00:26:07,279 know, if if the Japanese need to sell the toyotas, et cetera. 279 00:26:07,720 --> 00:26:15,599 All right, so what you're you're looking at here is once they put in 280 00:26:15,680 --> 00:26:23,640 the sanctions against Russia that undermined the world economy. That was the first blow 281 00:26:25,640 --> 00:26:29,319 because you started, you know, dividing it. So China starts setting up 282 00:26:29,319 --> 00:26:34,119 its chip system and then it started getting more countries to to go on that 283 00:26:34,200 --> 00:26:44,480 line. So the dollar will not be the most the exclusive settling currency. 284 00:26:45,200 --> 00:26:52,000 But from an economic standpoint, look, you know, uh, trying to 285 00:26:52,119 --> 00:26:56,720 add really nothing. After communism, you know, finally fell, Japan was 286 00:26:56,759 --> 00:27:03,400 wiped out after World War Two. Germany was it's the people that may get 287 00:27:03,720 --> 00:27:07,920 you know, an economy, all right, So Japan and Germany rose to 288 00:27:07,960 --> 00:27:14,039 the top. Why because the people were very hard producing that. You know, 289 00:27:14,119 --> 00:27:17,839 you get these people that just talk about oh, precious metals, that's 290 00:27:17,880 --> 00:27:21,640 it. No, I'm sorry. You look at at Russia. They're the 291 00:27:21,799 --> 00:27:27,680 richest nation in the world from a natural resource perspective. In nineteen seventeen, 292 00:27:27,680 --> 00:27:32,759 they had the largest gold reserves of any country on the on the face of 293 00:27:32,799 --> 00:27:38,640 the earth. But if they don't have an economic system that allows people freely 294 00:27:38,720 --> 00:27:45,640 to develop things, it doesn't matter. So, I mean, that's the 295 00:27:45,720 --> 00:27:48,319 real thing about the United States. And I think you know, listen to 296 00:27:48,440 --> 00:27:55,880 the speech of the head of Argentina at Davos. It was absolutely correct, 297 00:27:55,920 --> 00:28:00,240 and he was trying to warn you know, the West, you're following the 298 00:28:00,279 --> 00:28:04,039 path that brought us down right, all right, Archentina was one of the 299 00:28:04,160 --> 00:28:10,440 richest countries in the world at the time and they fell from the top ten 300 00:28:10,519 --> 00:28:15,519 to number one forty. Yeah, his speech is very, very good, 301 00:28:15,279 --> 00:28:19,400 and a lot of people at Davos didn't like it. But all right, 302 00:28:19,559 --> 00:28:23,000 so we had a little bit of a power failure there. My generator has 303 00:28:23,079 --> 00:28:29,480 tipped on. So going back to Europe and you know, we're going to 304 00:28:29,519 --> 00:28:36,319 have these regional I guess currencies. There won't be a master reserve currency like 305 00:28:36,359 --> 00:28:38,559 the dollar. Now, is that how it's going to shape out? Well, 306 00:28:38,599 --> 00:28:42,680 I think you'll end up with with two. I mean, the IMF 307 00:28:42,799 --> 00:28:48,079 is creating their own coin and they're trying to you know, replace the dollar. 308 00:28:49,000 --> 00:28:53,240 But again, I don't think they understand what makes a reserve currency to 309 00:28:53,240 --> 00:28:57,799 begin with. You know, they you know that they think they can just 310 00:28:59,240 --> 00:29:03,640 decreate and and that's just not going to be the case. So I would 311 00:29:03,680 --> 00:29:11,039 say that I'm not really a hundred percent sure that that that's going to work 312 00:29:11,079 --> 00:29:15,720 out very well for them. But what I would look at is you're definitely 313 00:29:15,799 --> 00:29:22,279 creating, uh, you you bifurcated the world the economy because of the sanctions 314 00:29:22,319 --> 00:29:30,160 against Russia, and so China is is going to be going toe to toe 315 00:29:30,240 --> 00:29:33,720 with the US as far as uh, you know, creating it its network 316 00:29:33,839 --> 00:29:42,079 and redeveloping it's it's soak road, et cetera. So as time goes out, 317 00:29:42,160 --> 00:29:51,240 the US is uh, it is definitely declining. Once they, like 318 00:29:51,279 --> 00:29:55,319 I said, once they did the sanctions against the Russia and took them out 319 00:29:55,400 --> 00:29:59,599 of the swift, that was that was it, you know. And I 320 00:29:59,599 --> 00:30:04,160 should point out when Nurushia went into crimea back in twenty fourteen, Obama went 321 00:30:04,240 --> 00:30:10,319 to Swift and wanted to have a removed, and Swift refused and said, 322 00:30:10,319 --> 00:30:12,799 you're not going to turn the world monetary system into a weapon. So what 323 00:30:12,920 --> 00:30:18,880 did they do? They replaced the head of Swift in twenty nineteen and Biden 324 00:30:18,960 --> 00:30:21,920 goes in says remove Oh, okay, fine, whatever you want to do. 325 00:30:22,200 --> 00:30:27,920 So now the Swift system is no longer the world system. Simple as 326 00:30:27,960 --> 00:30:33,359 that. You know, they committed their own suicide, right all right, 327 00:30:33,480 --> 00:30:41,359 So looking ahead here, so because of the loss of faith in the government, 328 00:30:41,920 --> 00:30:48,160 we'll see higher stock prices. You're thinking there's more money flows into it 329 00:30:48,200 --> 00:30:53,279 from all of all. Yeah, I mean I know a lot of people 330 00:30:53,359 --> 00:30:56,960 like look at twenty nine and keep saying the stock market's going to craft. 331 00:30:57,160 --> 00:31:00,400 Actually look at this, Oh right, fine, that's what I mean. 332 00:31:00,440 --> 00:31:07,799 They don't understand the fundamentals behind any of this. And just ask yourself, 333 00:31:07,799 --> 00:31:12,519 are you willing to sell all your stocks today and all your private assets and 334 00:31:12,559 --> 00:31:18,920 go buy bonds from Biden? I mean, that's the real solution. What 335 00:31:18,960 --> 00:31:25,200 these people were saying that there would be some giant crash, it's the opposite. 336 00:31:25,880 --> 00:31:30,759 The crash is coming in the government in which case the amount of money 337 00:31:32,000 --> 00:31:37,440 in government debt globally is at least ten times that in the private sector. 338 00:31:38,559 --> 00:31:44,799 Yeah, so the smart money has been moving out. I mean it's I'm 339 00:31:44,839 --> 00:31:48,400 still getting at least three calls a week. You want to sell your house? 340 00:31:48,759 --> 00:31:49,680 No, thank you? You know where am I going to go to? 341 00:31:49,839 --> 00:31:56,960 Chicago? You know? I mean, so the market is not died 342 00:31:56,079 --> 00:32:02,839 down over here. Then you also have the internal migration within the country, 343 00:32:02,920 --> 00:32:07,440 and you get people fleeing all the Blue states moving to the Red States. 344 00:32:07,720 --> 00:32:14,759 And as that happens, then and the Blue states are sure and revenue do 345 00:32:14,920 --> 00:32:19,839 and instead of reforming, theyjors raised taxes. Uh, you just had bezos 346 00:32:19,880 --> 00:32:24,839 from you know, Amazon moved to Miami. I mean, I can tell 347 00:32:24,880 --> 00:32:30,440 you myke you know, I moved here seven years ago. And back then, 348 00:32:31,079 --> 00:32:35,440 my lawyer said that if I died when I lived in New Jersey, 349 00:32:35,480 --> 00:32:38,200 tell your family to drag your body across the river before they tell anybody, 350 00:32:38,720 --> 00:32:46,599 you know, because you know you're They take half of what you earn while 351 00:32:46,599 --> 00:32:52,559 you're living, and then when you die to one the other half. It's 352 00:32:52,680 --> 00:32:58,480 ridiculous, you know, And so so many people have just been leaving. 353 00:32:58,559 --> 00:33:02,039 I mean, we held conferences in Hong Kong. I had to give them 354 00:33:02,079 --> 00:33:06,480 the jersey ten percent. Why you know, what'd you do for me? 355 00:33:06,880 --> 00:33:09,960 You the only thing you ever give me is parking tickets and stuff, you 356 00:33:10,000 --> 00:33:19,039 know, in private parking lots so less. So you know, it's I 357 00:33:19,039 --> 00:33:24,720 think that's where we're really going here. It's it's, uh, the confidence 358 00:33:24,759 --> 00:33:30,319 in government is collapsing, and as I said, their own study in Europe 359 00:33:30,400 --> 00:33:37,079 showed it's down to thirty percent. When you're looking at confidence collapsing like this, 360 00:33:37,519 --> 00:33:42,279 you're not going to buy the debt. Yeah, and that's the sovereign 361 00:33:42,319 --> 00:33:46,319 debt crisis. When China no longer continues to buy the debt and is a 362 00:33:46,359 --> 00:33:53,519 net seller, how do you then raise money to pay off the list tranche 363 00:33:53,559 --> 00:34:00,359 of debt that's expiring. That's when governments collapse. That's how it happens. 364 00:34:00,799 --> 00:34:07,279 Hey, So inflation, we're looking to get more inflation in the coming year 365 00:34:07,440 --> 00:34:13,840 or is it going to back off or re emerge. No, We're we're 366 00:34:13,880 --> 00:34:22,599 looking at an economic recession after May into twenty eight. But that's going to 367 00:34:22,639 --> 00:34:27,679 be met with still rising inflation because we're looking at you know, this type 368 00:34:27,679 --> 00:34:34,320 of inflation is more like the seventies when OPEC raised the price of oil, 369 00:34:34,960 --> 00:34:42,760 it was a cost push inflation, so we ended up with stagflation. This 370 00:34:42,880 --> 00:34:46,159 is the same thing once they did that. COVID nonsense locking us down. 371 00:34:46,800 --> 00:34:51,320 I mean I got email us from farmers they had to kill thirty some thousand 372 00:34:51,400 --> 00:34:54,320 chickens because one they couldn't buy the food to get it in, and two 373 00:34:54,440 --> 00:34:58,360 they couldn't get anybody to pick up the chicken. This issach on the market. 374 00:34:58,679 --> 00:35:01,320 It's ridiculous. Yeah, what do you do? And so I mean 375 00:35:01,360 --> 00:35:08,000 these people are honestly, those in government are just there's nobody there with half 376 00:35:08,039 --> 00:35:14,119 of brains or maybe even ten percent of one if they if they had it, 377 00:35:14,320 --> 00:35:19,400 they left long ago, right. Look, I mean I know a 378 00:35:19,440 --> 00:35:25,360 lot of people. I mean I had a one who I became friends with 379 00:35:25,400 --> 00:35:31,840 was the chief of staff for the House Spanking Committee, and I he was 380 00:35:31,880 --> 00:35:35,679 going to retire, and I said, why are you doing that? Retiring 381 00:35:35,679 --> 00:35:37,800 early? He said, I can't take it here anymore. I got to 382 00:35:37,840 --> 00:35:42,679 get out. I said, we really could use people like you're still here 383 00:35:42,800 --> 00:35:45,800 in the next few years. He's not sorry, not interested. I know 384 00:35:46,000 --> 00:35:52,079 six other politicians leaving, all saying the same thing. You know, I 385 00:35:52,159 --> 00:35:57,639 just want to get out of here before the roof caves in. They'd get 386 00:35:57,639 --> 00:36:02,079 there like multi million dollar pension, lifetime health insurance. Hey, one final 387 00:36:02,159 --> 00:36:06,800 question, Martin. So when everything blows up, how are they going to 388 00:36:06,880 --> 00:36:10,760 keep paying all these benefits, all these pensions, all the promises, social 389 00:36:10,840 --> 00:36:16,440 security, medicare. Because, like Margaret Thatcher said, your good friend, 390 00:36:16,679 --> 00:36:22,960 eventually the problem with socialism is eventually run out of other people's mind. That's 391 00:36:23,000 --> 00:36:29,199 what we're That's what's happening. If you look at the data from the IRS, 392 00:36:29,760 --> 00:36:34,079 you know, and the top taxpayers are all moving to the Red states. 393 00:36:36,360 --> 00:36:38,679 Here at Florida, we have no no income tax, state income tax. 394 00:36:39,039 --> 00:36:44,199 You go to California thirteen and a half. Oh, you know, 395 00:36:44,360 --> 00:36:53,079 it's it's you know, it's just economically not feasible. And so at this 396 00:36:53,199 --> 00:36:57,400 stage in the game, what happened I think is that they're going to they 397 00:36:57,440 --> 00:37:05,280 need war as a diversion. So what I have heard on war is that 398 00:37:05,920 --> 00:37:15,280 they may started even this summer. Really and look, these people just they're 399 00:37:15,679 --> 00:37:21,280 they're insane. But the scuttle but is that, well, no present has 400 00:37:21,320 --> 00:37:25,320 ever lost an election during war. So we start the warship Biden gets re 401 00:37:25,400 --> 00:37:31,639 elected. Others are saying, well, they're afraid that Trump gonna win, 402 00:37:32,880 --> 00:37:36,519 so if they start a war before he gets in, then he can't get 403 00:37:36,519 --> 00:37:43,920 out of it. So I would be very concerned. You're you're going to 404 00:37:43,960 --> 00:37:49,559 see these people, uh, connive some sort of a war, you know, 405 00:37:49,719 --> 00:37:57,639 in the summer, probably maybe July. Uh. I mean, it's 406 00:37:57,679 --> 00:38:06,320 this is what they're doing all and they need this diversion because government is collapsing. 407 00:38:06,840 --> 00:38:08,880 They're not going to be able to fund all these social programs, as 408 00:38:08,920 --> 00:38:15,679 you find it out, and then they blame everything, like when inflation started, 409 00:38:15,719 --> 00:38:21,280 they were calling, oh, it's Putin's inflation, you know. And 410 00:38:21,320 --> 00:38:27,400 they need a diversion because they are not willing to admit that since World War 411 00:38:27,559 --> 00:38:30,880 Two, all they've ever been doing is borrowing every year with no intention of 412 00:38:30,920 --> 00:38:35,599 ever paying it off. As we've said, right now, we got interest 413 00:38:35,599 --> 00:38:40,039 payments at a trillion dollars. When Ronald Reagan came to power, the national 414 00:38:40,119 --> 00:38:45,079 debt hit a trillion and everybody freaked out. Then well now we've got an 415 00:38:45,119 --> 00:38:50,920 inru out payment annually at a trillion dollars. So these people little things like 416 00:38:50,960 --> 00:38:57,000 police and fire protection and ambulances. Those are social programs to them, just 417 00:38:57,159 --> 00:39:01,440 like any other social program, and they're there to be cut and to be 418 00:39:02,440 --> 00:39:06,840 done with as they see fit it. It'll be interesting to see if you 419 00:39:06,880 --> 00:39:13,519 can't pay the cops how things turn out. In any event, been a 420 00:39:13,519 --> 00:39:16,320 pleasure as always, Martin. Make sure you go to Martin's site, sign 421 00:39:16,400 --> 00:39:22,199 up for his newsletter Armstrong Economics dot com. Link at the show to notes 422 00:39:22,280 --> 00:39:27,039 right here, and Martin, we'll talk to you again in another couple of 423 00:39:27,079 --> 00:39:30,440 months and see how this thing has unwound. Well. Nice to see Gary, 424 00:39:30,519 --> 00:39:35,639 and stay warm on your side of the state. Thanks for listening to 425 00:39:35,800 --> 00:39:42,360 carry Letz's Financial Survival Network your solution to today's trying times. For the latest, 426 00:39:42,440 --> 00:39:49,119 go to Financial Survivalnetwork dot com. Financial Survival Network now more than ever.