1 00:00:00,160 --> 00:00:05,719 What you have to understand here is that we have in twenty twenty four an 2 00:00:05,799 --> 00:00:12,080 awful lot of problems politically around the world, and that sort of uncertainty is 3 00:00:12,160 --> 00:00:18,079 what provides the underlying base for gold. And I mean just look at New 4 00:00:18,199 --> 00:00:23,600 York City. It's an absolute disaster. You've got rats were actually running around 5 00:00:23,719 --> 00:00:28,760 openly on the streets. It's a lot of criminals. Yeah, I mean, 6 00:00:28,839 --> 00:00:34,560 they've cut the police spending down by five point six billion dollars. You're 7 00:00:34,640 --> 00:00:40,439 listening to Carrie let'sa's Financial Survival Network where you get valuable information you just can't 8 00:00:40,479 --> 00:00:46,479 find anywhere else to thrive in today's trying times. You need the Financial Survival 9 00:00:46,479 --> 00:00:52,119 Network now more than ever. Go to Financial Survivalnetwork dot com and get your 10 00:00:52,240 --> 00:01:02,560 free newsletter and gift. Financial Survival Network now more than ever. And welcome. 11 00:01:02,759 --> 00:01:07,040 You are listening to and watching the Financial Survival Network. And I'm Kerrie 12 00:01:07,120 --> 00:01:11,040 Lut's your host. It's December eighth. We've got one of your most favorite 13 00:01:11,079 --> 00:01:15,159 popular guests, hunt Martin Armstrong. We're going to change things a little bit. 14 00:01:15,719 --> 00:01:19,480 Of all the guests I have on Marty, you by far receive the 15 00:01:19,519 --> 00:01:25,239 most questions. I try to ask them, but sometimes I miss them and 16 00:01:25,280 --> 00:01:27,959 then people get upset with me. So I decided we're going to change it 17 00:01:29,040 --> 00:01:32,040 up a little bit. We're just going to do a Q and A from 18 00:01:32,319 --> 00:01:34,120 many of our listeners out there, and then I got a couple for you. 19 00:01:34,560 --> 00:01:38,519 But we're going to start off with this one and from my friend from 20 00:01:38,599 --> 00:01:44,680 the land down under. Please ask mister Armstrong to give his interpretation of what 21 00:01:44,840 --> 00:01:49,280 the US debt clock is trying to convey. He has a picture attached. 22 00:01:49,319 --> 00:01:52,359 We're not going to bother with that, but it shows a dollar supply at 23 00:01:52,359 --> 00:01:57,799 a negative number but still diminishing, and links it to the dollar silver gold 24 00:01:57,920 --> 00:02:04,239 ratio. What's going on in that situation? Thanks in advance? Well, 25 00:02:04,319 --> 00:02:10,159 I mean the real value of gold. It goes up, like for example, 26 00:02:12,240 --> 00:02:15,719 gold at bottomed in nineteen seventy six one hundred dollars. It rose about 27 00:02:15,759 --> 00:02:22,560 four hundred by December seventy nine, but the last six weeks it went from 28 00:02:22,560 --> 00:02:29,039 four hundred to eighty seventy five. Why because that's when Russia invaded Afghanistan. 29 00:02:30,439 --> 00:02:36,759 The real mover of gold is not inflation or you know this this kind of 30 00:02:36,800 --> 00:02:42,919 propaganda all the time. It's when confidence in government collapses. That's what we're 31 00:02:42,960 --> 00:02:47,680 really facing at this point. Twenty twenty four is going to be the year 32 00:02:47,680 --> 00:02:53,639 from political hell. It's not just the US. I mean you look around. 33 00:02:53,879 --> 00:02:58,520 You've got elections everywhere. Russia, the head of the EU is up, 34 00:02:58,560 --> 00:03:02,159 but you got British elections coming. I mean it's like you're going to 35 00:03:02,199 --> 00:03:07,479 take whatever politics there is, put it in a jar, shake it and 36 00:03:07,039 --> 00:03:12,360 you know, and pour it out. It's just crazy everywhere. Yeah, 37 00:03:12,479 --> 00:03:15,919 yeah, and we're gonna I got a question for you later about the Argentine 38 00:03:15,960 --> 00:03:23,000 election here. Next question is China seems to be trends more grafying or more 39 00:03:23,120 --> 00:03:30,159 graphing into an Asian tacatopia, which I think means dystopia if my bookb serves 40 00:03:30,199 --> 00:03:34,520 me correct. Question by twenty thirty two, is China going to look like 41 00:03:34,599 --> 00:03:40,000 a technocratic empire worse than an Orwellian Big Brother nightmare? Is truth going to 42 00:03:40,120 --> 00:03:46,919 end up more stranger and more dangerous than fiction? No? Not really. 43 00:03:46,680 --> 00:03:51,599 What we're what are computer is showing. Oh yeah, you just shut that 44 00:03:51,639 --> 00:03:57,680 thing off. What our computers are actually showing is that for twenty thirty two, 45 00:03:58,199 --> 00:04:02,719 we're looking at all government mints basically changing, and that that applies to 46 00:04:02,800 --> 00:04:08,960 China as well. So it's not that I mean a lot of the propaganda 47 00:04:09,199 --> 00:04:16,759 about China. I mean I can tell you most of the actual problems there. 48 00:04:16,800 --> 00:04:24,439 With the banking et cetera. China warned its provinces and the banks not 49 00:04:24,480 --> 00:04:28,920 to borrow in dollars they were doing. Soca's interest rates were cheap, and 50 00:04:28,959 --> 00:04:32,680 they said, do not do that. They did not act as an authoritarian. 51 00:04:33,120 --> 00:04:36,680 They probably should have, and just think we outlawed it, but they 52 00:04:36,759 --> 00:04:42,079 didn't. So that's why you have banks failing, et cetera. But you 53 00:04:42,120 --> 00:04:46,839 know, the people in China are not about to go back to communism or 54 00:04:46,879 --> 00:04:49,480 anything like that. The same thing in Russia. They've all had enough of 55 00:04:49,560 --> 00:04:54,560 that stuff and once you give them a taste of freedom. I mean, 56 00:04:54,560 --> 00:04:59,319 there's a lot of billionaires in both Russia and China. They're not communists anymore. 57 00:05:00,800 --> 00:05:02,399 I was talking along, you know, congressman, and he says, 58 00:05:02,439 --> 00:05:05,560 oh, you know, China's communists. I said, you understand what communism 59 00:05:05,680 --> 00:05:10,680 even is. You know, the government owns every day. I said, 60 00:05:10,759 --> 00:05:14,639 you know, it's a it's a question of saving face. You know, 61 00:05:14,959 --> 00:05:18,560 they still call it the communist party, that's not communism. But if they 62 00:05:18,639 --> 00:05:21,800 changed the name of the party, then they'd have to take down the picture 63 00:05:21,839 --> 00:05:26,879 of mal you know, and wrong and take them all the money too, 64 00:05:27,000 --> 00:05:33,839 right, yeah, you want it would be a major psychological announcement that sorry, 65 00:05:34,079 --> 00:05:40,319 for fifty some years we were wrong. So it's just opened up. 66 00:05:40,600 --> 00:05:46,360 I mean, you people from freely travel and you got private ownership and everything, 67 00:05:46,959 --> 00:05:50,000 and it's they just kept the name. That's it. But you know, 68 00:05:50,040 --> 00:05:57,279 you're looking at China's economy got into a lot of trouble, mainly because 69 00:05:57,319 --> 00:06:00,879 they went very draconian with the whole COVID stuff. Uh, you know, 70 00:06:01,000 --> 00:06:08,319 locking people down. And when you do that, the the GDP collapses. 71 00:06:08,360 --> 00:06:13,040 People can't go to work. Uh you have uh, you know a portion 72 00:06:13,160 --> 00:06:16,319 of the class that that have lost their homes because they couldn't work and they 73 00:06:16,319 --> 00:06:21,600 couldn't make payments. You know. So a lot of these politicians, not 74 00:06:21,959 --> 00:06:27,360 just in China but also throughout America and Europe are beginning to realize what they 75 00:06:27,360 --> 00:06:31,079 did was serious. Uh. And then you and I warned about it too. 76 00:06:31,360 --> 00:06:35,800 Yeah. Look, it's you know, the inflation we have here is 77 00:06:36,680 --> 00:06:43,399 because of shortages. It's not speculation. So raising interest rates is not going 78 00:06:43,439 --> 00:06:46,720 to make you know, going to make it rain or anything else. It's 79 00:06:46,839 --> 00:06:49,680 uh, that's why the Fed's kind of like in a between a rock and 80 00:06:49,720 --> 00:06:54,560 a hard place. I mean it can it sees the inflation, yes, 81 00:06:54,920 --> 00:07:00,920 and then you can manipulate the CPI down to pretend it's not there. But 82 00:07:00,000 --> 00:07:03,399 the reality is is that you still go to stores. And I just went 83 00:07:03,439 --> 00:07:06,759 to the store the other day and there were stuff that wasn't there. Yeah, 84 00:07:08,240 --> 00:07:11,360 I see it, I see it. And what is there is being 85 00:07:11,399 --> 00:07:15,240 shoplifted in places like La and San Francisco. You know. I went into 86 00:07:15,279 --> 00:07:21,519 a CVS. I was out in La and everything was under lock and key. 87 00:07:21,519 --> 00:07:25,959 I wanted a bottle of eye drops. They were like twenty bucks. 88 00:07:26,319 --> 00:07:30,279 I had to wait fifteen minutes for a salesperson to come. I went to 89 00:07:30,319 --> 00:07:34,519 the same CVS down the street from me in Florida. All the racks are 90 00:07:34,600 --> 00:07:39,240 open. You can get almost whatever you want there. They have locked up 91 00:07:39,279 --> 00:07:42,399 some high value items. I will say that when I was able to get 92 00:07:42,439 --> 00:07:47,079 the same drops pick them up myself. No greater contrast than that of next 93 00:07:47,160 --> 00:07:51,519 question, how far will dold fall in this cycle? Some are predicting a 94 00:07:51,600 --> 00:08:00,759 drop of fourteen fifty to fifteen hundred US before really taking off timeframe us how 95 00:08:00,800 --> 00:08:03,639 far is it going to drop? Will it go to fourteen fifty to fifteen 96 00:08:03,720 --> 00:08:09,519 hundred in what time frame? That's a bit extreme, But what we're really 97 00:08:09,639 --> 00:08:16,120 looking at is I'm hoping to see a pullback in gold going into January. 98 00:08:16,439 --> 00:08:22,040 We were only talking basically a few weeks ahead. If we get a low 99 00:08:22,079 --> 00:08:26,000 in January, then gold would be in a position to rise for most of 100 00:08:26,040 --> 00:08:28,519 the year. If you get a new high end January, then it's the 101 00:08:28,600 --> 00:08:35,000 opposite. But what you have to understand here is that we have in twenty 102 00:08:35,039 --> 00:08:41,399 twenty four an awful lot of problems politically around the world, and that sort 103 00:08:41,440 --> 00:08:46,840 of uncertainty is what provides the underlying base for gold. And I mean, 104 00:08:46,399 --> 00:08:52,639 just look at New York City. It's an absolute disaster. You've got rats 105 00:08:52,639 --> 00:08:58,159 were actually running around openly on the streets. It's a lot of criminals. 106 00:08:58,720 --> 00:09:03,519 Yeah, I mean they've cut the police spending go down by five point six 107 00:09:03,639 --> 00:09:07,879 billion dollars and they go, oh, well, we're going to tax congestion 108 00:09:09,080 --> 00:09:13,440 and cars driving around to clean the air. Meanwhile, they cut the budget 109 00:09:13,600 --> 00:09:18,039 for sanitation, so you get clean air, but dirty streets, and there's 110 00:09:18,120 --> 00:09:22,720 no congestion anymore because nobody's working in the place. The buildings are more than 111 00:09:22,759 --> 00:09:28,879 half empty. I think a third are occupied now and twenty percent of the 112 00:09:28,919 --> 00:09:33,759 space is vacant, but the rest of it is just on Karen maintenance. 113 00:09:33,039 --> 00:09:37,240 All right, And this ties in with the next question. You answered the 114 00:09:37,279 --> 00:09:41,120 other question about precious metals when they'll start moving, So we need to look 115 00:09:41,279 --> 00:09:46,600 for January whether it makes a new high or low. If we carry the 116 00:09:46,639 --> 00:09:50,279 trend now, it looks like it could be hitting a low there. But 117 00:09:50,639 --> 00:09:54,679 Martin, you moved to Florida because your models said it would be the best 118 00:09:54,720 --> 00:09:58,000 state going forward. People are moving to Florida in Texas. But what five 119 00:09:58,080 --> 00:10:03,200 states did your mom? I'll say will fare the best in the coming years. 120 00:10:03,720 --> 00:10:09,120 And he says we need multiple state choices instead of simply reciting the states 121 00:10:09,159 --> 00:10:13,279 we are all moving to. We're going to publish a report on that and 122 00:10:13,440 --> 00:10:18,200 do a more detailed look because we get an awful lot of people that want 123 00:10:18,200 --> 00:10:24,559 to know. Florida is still number one, I can tell you, mainly 124 00:10:24,679 --> 00:10:33,799 because Texas is getting inundated with all the illegal aliens moving across and even places 125 00:10:33,879 --> 00:10:39,080 like Austin and things like this that used to be really nice. You're starting 126 00:10:39,120 --> 00:10:43,279 to get you know, rising crime and things of that nature. And I 127 00:10:43,480 --> 00:10:46,279 was just out and Austin. A lot of them said, you, I 128 00:10:46,279 --> 00:10:50,320 think I'm going to move to Florida now. And I said, well, 129 00:10:50,519 --> 00:10:52,919 jig bo, go to the east coast place. You know, I mean 130 00:10:52,960 --> 00:10:58,679 the traffics, you're already doubled here. I mean it's to get to Florida. 131 00:10:58,679 --> 00:11:03,639 They get to swim. Yeah. I Ten is about the worst interstate 132 00:11:03,720 --> 00:11:11,399 highway on the planet, and that's what connects Texas and Florida eventually. Yeah. 133 00:11:11,960 --> 00:11:16,480 And that's a follow up to that to which five countries did your model 134 00:11:16,879 --> 00:11:20,879 say would fare the best going ahead? Uh? Short term, basically, 135 00:11:20,919 --> 00:11:28,480 it's still largely than in the United States. What you have to understand is, 136 00:11:28,919 --> 00:11:31,480 I know a lot of people get you know, worked up over the 137 00:11:31,639 --> 00:11:35,320 debt and things of this nature, but we also have the largest economy. 138 00:11:35,679 --> 00:11:41,159 And the main issue is is that we our economy is a consumer based economy. 139 00:11:41,960 --> 00:11:48,080 Compare it to Germany. Germany is a mercantile type. In other words, 140 00:11:48,240 --> 00:11:52,960 they manufacture things and want to sell it to somebody. Else. You 141 00:11:52,000 --> 00:11:56,919 look at the net worth of the average German, it's less than an Italian 142 00:11:58,080 --> 00:12:01,360 because they keep your taxes very high, afraid of inflation, things of that 143 00:12:01,480 --> 00:12:07,200 nature. So they really suppressed their own people. And that mercantile model was 144 00:12:07,440 --> 00:12:13,279 is like from the eighteen hundreds. You know. In contrast, China has 145 00:12:13,399 --> 00:12:18,480 looked at both models, and if you pay attention, you will see China 146 00:12:18,639 --> 00:12:24,360 is trying to mimic the consumer based from the United States. They understand what 147 00:12:24,679 --> 00:12:28,360 made the United States the biggest economy in the world, and that was the 148 00:12:28,480 --> 00:12:35,480 whole issue. So China is trying to develop its own consumer based economy, 149 00:12:35,840 --> 00:12:43,159 you know, this soak road, things of this nature, and so US 150 00:12:43,240 --> 00:12:50,399 is still number one. Mexico is actually you know, pretty you know, 151 00:12:50,519 --> 00:12:56,720 it's been pretty interesting to a lot of people because they did not do the 152 00:12:56,720 --> 00:13:03,639 the draconian COVID lot down stuff. A lot of people went there mainly because 153 00:13:03,639 --> 00:13:09,519 they didn't have to be vaccinated to go for a simple vacation. Uh. 154 00:13:09,559 --> 00:13:13,039 And so you have an awful lot of people also moving towards Mexico, and 155 00:13:15,399 --> 00:13:18,679 so I think you know, you also, you know, you have others 156 00:13:18,759 --> 00:13:26,360 going down to like Uruguay and you're beginning to see, like, you know, 157 00:13:26,519 --> 00:13:31,679 Argentina overthrowing the left. You're saying the same thing down in Brazil, 158 00:13:33,720 --> 00:13:39,360 So there is a shift. I mean, you've had this leftist idea in 159 00:13:39,440 --> 00:13:45,399 South America for such a long time and it's done nothing but suppress the people. 160 00:13:46,759 --> 00:13:50,879 I mean, Argentina used to be one of the richest countries in the 161 00:13:50,919 --> 00:13:56,279 world. Don't realize that turn of the century. Yeah, yeah, I 162 00:13:56,320 --> 00:14:05,399 mean then in comes the Commune stuff, the Marxist agenda, and they basically 163 00:14:05,480 --> 00:14:11,879 wiped out the economy and people have never advanced since. Yeah, and only 164 00:14:11,919 --> 00:14:16,519 the buildings. The architecture is magnificent there and Buenosari's, but they're living off 165 00:14:16,559 --> 00:14:20,679 their capital from one hundred years ago. So as long as you raised Argentina, 166 00:14:20,879 --> 00:14:28,279 I'd have a question for you. With the Millie's avowal to eliminate the 167 00:14:28,320 --> 00:14:35,000 central bank, and I guess to dollarize the economy, is it going to 168 00:14:35,120 --> 00:14:43,720 work? And in this day and age we truly control monetary growth and actually 169 00:14:45,320 --> 00:14:50,919 make an economy grow. No, I mean I just did a piece on 170 00:14:52,000 --> 00:14:56,879 that. Pegging to the dollar is not going to be a great idea because 171 00:14:56,919 --> 00:15:01,679 what when you peg it's different than a fixed exchange rate, for example in 172 00:15:01,799 --> 00:15:07,960 the Bretton Woods to his sixt exchange rate. But you didn't import influences from 173 00:15:09,000 --> 00:15:16,399 other countries. When you peg a currency like to the dour. If the 174 00:15:16,480 --> 00:15:20,399 Doer raises, you know, we raise interest rates, they're raised there as 175 00:15:20,399 --> 00:15:28,480 well. If we have inflation, it's immediately exported to them hostage. They're 176 00:15:28,480 --> 00:15:31,159 held hostage. Yeah, it's not the same thing. And a lot of 177 00:15:31,200 --> 00:15:37,480 these politicians they don't really understand there. You know, there are three monetary 178 00:15:37,559 --> 00:15:46,159 systems, sixth rate, pegging, and a floating rate. Milton Friedman's idea 179 00:15:46,200 --> 00:15:50,480 of a floating rate, which you've first raised in nineteen fifty three, was 180 00:15:50,519 --> 00:15:56,720 that it would be a check in balance against the politicians. You know, 181 00:15:56,879 --> 00:16:02,399 I knew, Milton, you know personally. I mean, I think the 182 00:16:02,519 --> 00:16:07,240 problem with it is that the assumption that the politicians would actually ever be responsible 183 00:16:07,279 --> 00:16:15,960 and is kind of a not realistic. I mean, this is why the 184 00:16:15,000 --> 00:16:22,039 FED in trouble if the FED raises interest rates. Back in the thirties, 185 00:16:22,120 --> 00:16:27,000 the US government had to balance budget. So the idea, okay, fine, 186 00:16:27,039 --> 00:16:33,039 we can raise interest rates to affect demand or lower them, and we 187 00:16:33,039 --> 00:16:37,159 were the demand. But now the government is the biggest borrower in the system. 188 00:16:37,360 --> 00:16:41,399 If the Fed raises interest rates to get us to stop spending so much, 189 00:16:41,960 --> 00:16:48,200 it has it only increased the suspending government. No politicians goes down OLG. 190 00:16:48,360 --> 00:16:52,879 The Fed raised interest rates so they wanted to spend less. Let's cut 191 00:16:52,879 --> 00:17:00,639 the budget and will never happen. But yeah, this is my own personal 192 00:17:00,720 --> 00:17:03,200 favorite question, and we got probably fifty or sixty, but we can't go 193 00:17:03,279 --> 00:17:08,039 through all of them. Also, could you ask Martin if he has studied 194 00:17:08,079 --> 00:17:15,480 specifically the cycle of moral corruption as a as a social phenomena. Are we 195 00:17:15,599 --> 00:17:18,920 anywhere near the top or do we have room to grow to new heights? 196 00:17:19,359 --> 00:17:25,480 Here in Europe? Seems like they are empty to this does first language. 197 00:17:25,519 --> 00:17:29,640 They empty the gates of They opened the gates of hell, and no single 198 00:17:29,720 --> 00:17:41,759 evil has remained down. This is part of why civilization collapses at the end. 199 00:17:41,359 --> 00:17:48,000 You get this complete corruption because you know, government is keep trying to 200 00:17:48,039 --> 00:17:55,799 survive and as a result, it just you know, it just it just 201 00:17:55,880 --> 00:17:59,680 basically is like a cancer to eat of them apart. I mean, take 202 00:17:59,759 --> 00:18:03,519 like what they did the Trump in New York, all right, saying that 203 00:18:04,079 --> 00:18:11,799 oh he overvalued his assets all right to get and he had a disclaimer, 204 00:18:11,039 --> 00:18:15,119 don't rely on my numbers. It's a guest in it. Yeah, But 205 00:18:15,640 --> 00:18:21,160 the point is is that it's so absurd. You go to a bank, 206 00:18:21,920 --> 00:18:25,920 the bank has its own appraisers. You can put me on whatever you think 207 00:18:25,920 --> 00:18:27,960 it is. The bank's going to say, well, we think it's only 208 00:18:29,039 --> 00:18:33,519 this. So what they're doing to Trump it's saying, well, we think 209 00:18:33,920 --> 00:18:37,039 the value should have been this, even though you paid off the loan doesn't 210 00:18:37,079 --> 00:18:42,480 matter, all right. The problem is once you create that precedent, they 211 00:18:42,519 --> 00:18:47,039 can go down the line and start going after every company in New York City, 212 00:18:47,640 --> 00:18:52,079 every company on the big board. Everybody puts values down. Yeah, 213 00:18:52,079 --> 00:18:57,720 there's a cost basis, but then there's a market basis. And the bank 214 00:18:57,720 --> 00:19:02,839 doesn't want to know what you pay for Trump Tower thirty years ago when they're 215 00:19:02,880 --> 00:19:06,400 going to collateralize it. They want to know what it's worth today. So 216 00:19:06,920 --> 00:19:10,920 give them a number. They're going to get an appraiser to come up with 217 00:19:10,960 --> 00:19:15,839 a number, or their MBAs will do a spreadsheet and then you like haggle 218 00:19:17,279 --> 00:19:19,960 and then you agree on a value. And that's the way these loans take 219 00:19:21,039 --> 00:19:25,400 place. So they valuedd it less than half what he did, they still 220 00:19:25,440 --> 00:19:30,400 made the loan, so obviously they weren't relying on any purported false representation. 221 00:19:30,519 --> 00:19:34,480 I'm going back to my days as a lawyer, and there's no damage. 222 00:19:34,599 --> 00:19:38,599 But sometimes it doesn't matter if there's damage or not. If there's fraud, 223 00:19:40,359 --> 00:19:45,279 you don't want it in the system. But nonetheless, specifically, they were 224 00:19:45,400 --> 00:19:52,640 not relying on this anyway. So the moral corruption cycle, is there any 225 00:19:52,720 --> 00:19:56,079 limit to it? When does it crash? When society no? I mean, 226 00:19:56,480 --> 00:20:02,880 we're starting to get into the crash mode. You take this twenty twenty 227 00:20:02,880 --> 00:20:07,279 four election we have here in the States. I don't care who wins either 228 00:20:07,440 --> 00:20:12,920 side, they're both going to say it's rigged. So you're looking at a 229 00:20:14,039 --> 00:20:22,079 situation now where this this election in particular, it's just not going to be 230 00:20:22,160 --> 00:20:27,119 accepted by either side. Doesn't matter. You had yellow restarting it back in 231 00:20:27,160 --> 00:20:32,319 twenty sixteen, Oh Putin and Putin? Did I really won? All this 232 00:20:32,359 --> 00:20:37,759 other kind of stuff, and then you know twenty twenty election. I mean, 233 00:20:37,920 --> 00:20:41,319 this it's just building. You can see it. So I mean for 234 00:20:41,480 --> 00:20:48,960 the United States, for the Biden administration to even allow these these lawsuits against 235 00:20:49,000 --> 00:20:56,039 Trump, it shows you something is significant. Normally, you charge somebody like 236 00:20:56,160 --> 00:21:02,440 that, their credibility goes down. Yeah, this is going up. He's 237 00:21:02,880 --> 00:21:10,200 forty seven percent higher than any other Republican on the field. So that is 238 00:21:10,319 --> 00:21:17,640 kind of showing you the collapse and confidence in government itself. Then you had 239 00:21:17,720 --> 00:21:19,880 Argentina, you know, say oh, well that's a good idea, we 240 00:21:19,920 --> 00:21:25,920 should criminally charge my opponent. Brazil tried the same thing with b you know, 241 00:21:26,440 --> 00:21:30,279 bars Andoa. But I mean, you end up in a situation once 242 00:21:30,359 --> 00:21:37,279 you do that, there is no there's no going back. It's the same 243 00:21:37,359 --> 00:21:42,839 thing you know, they were they had to go and impeach Trump. Okay, 244 00:21:42,880 --> 00:21:47,200 far don't you realize. Okay, you do that, when it's your 245 00:21:47,359 --> 00:21:51,400 turn, they're going to come after you for the same thing. You know, 246 00:21:51,759 --> 00:21:55,640 so they're going after Biden. I mean to me, it's just an 247 00:21:56,079 --> 00:22:00,839 I've worked on Capitol Hill. I can't imagine how stupid these people really are. 248 00:22:02,880 --> 00:22:07,680 They'd really think we'll will impeach Trump. They just look at that immediate 249 00:22:07,799 --> 00:22:12,759 election. They don't look at what that means long term. You start doing 250 00:22:12,799 --> 00:22:17,759 this, the other side are going to start doing it. It's that's just 251 00:22:17,920 --> 00:22:22,440 that's Washington. Yeah, you know, Mark Twain said truth is stranger than 252 00:22:22,480 --> 00:22:29,119 fiction. Fiction is limited by the imagination, and truth isn't. And that's 253 00:22:29,119 --> 00:22:33,880 a third classic example. So here along those lines, this is a good 254 00:22:33,960 --> 00:22:40,319 question too. History has proven the power corrupts from the fifth grade all monitor 255 00:22:40,400 --> 00:22:44,079 to the pope. As long as humans are in the equation, how will 256 00:22:44,119 --> 00:22:48,799 we ever find an equitable and fair system? Kim wrote that, And I 257 00:22:48,799 --> 00:22:52,920 would just point out that once upon a time, the US system was born 258 00:22:53,039 --> 00:23:00,680 from exactly what they're saying there, and we had a relatively I don't want 259 00:23:00,680 --> 00:23:03,680 to say it wasn't perfect by any stretch, but it functioned, and it 260 00:23:03,759 --> 00:23:08,240 functioned for the benefit of most people as long as you weren't in an excluded 261 00:23:08,319 --> 00:23:14,880 class like slaves. Well, even then you have to understand, if you 262 00:23:15,000 --> 00:23:22,119 really look at even the slavery issue, it began really with Britain trying to 263 00:23:22,160 --> 00:23:26,799 make money, and if you stole an apple, they would basically say, 264 00:23:26,839 --> 00:23:30,359 okay, fine, you got five years and they would sell you to a 265 00:23:30,440 --> 00:23:34,759 plantation in America. Yeah, all right, They put you in an auto 266 00:23:34,880 --> 00:23:38,319 ship, send you over here, and that was your sentence. You didn't 267 00:23:38,319 --> 00:23:45,960 sit in a jail cell, and that was basically that's what the Constitution outlaws, 268 00:23:45,000 --> 00:23:51,160 and that your servitude, right. But and you had Ben Franklin saying, 269 00:23:51,240 --> 00:23:55,279 how would you like it if we picked up our rattlesnakes, put them 270 00:23:55,319 --> 00:24:00,519 in a bag and sent them to you. So it was actually after the 271 00:24:00,599 --> 00:24:08,720 American Revolution that the Dutch started bringing the Africans over because Britain was still doing 272 00:24:08,799 --> 00:24:15,319 the same thing, you know, with its so called criminals. But that's 273 00:24:15,359 --> 00:24:21,720 when Australia became the penal colony, right, so the American wasn't taking the 274 00:24:21,839 --> 00:24:25,519 criminals from Britain anymore, so they you know, they shipped them off to 275 00:24:25,599 --> 00:24:33,839 Australia. But all this even if you look at the the interesting thing about 276 00:24:34,079 --> 00:24:45,079 slavery is before eighteen fifty five, congressmen they never got a salary. They 277 00:24:45,160 --> 00:24:48,400 got to you know, they were paid on a per diem basis. That 278 00:24:48,599 --> 00:24:51,559 was it, and they know what he meant for maybe a few weeks of 279 00:24:51,599 --> 00:24:56,559 the year. So in eighteen fifty five the whole issue over slavery began, 280 00:24:57,400 --> 00:25:04,000 and to get people to vote in their favor against slavery in Kansas, etc. 281 00:25:06,000 --> 00:25:12,960 They promised annual salaries to the politicians. So the first annual salary starts 282 00:25:14,039 --> 00:25:18,559 in eighteen fifty five. It's been downhill ever since. Absolutely once they're there, 283 00:25:18,960 --> 00:25:26,599 that's the problem. I mean, I've investigated many different types of governments, 284 00:25:26,559 --> 00:25:33,799 and I would say the best one I ever encountered was the city of 285 00:25:33,920 --> 00:25:41,920 Genoa. It had the rich basically were the rulers. But what it was 286 00:25:42,119 --> 00:25:52,640 was very interesting, and the does are like president would be appointed and after 287 00:25:52,799 --> 00:25:56,400 that that family couldn't be the doze again, all right, for like about 288 00:25:56,440 --> 00:26:03,000 twenty five years or so, so they would never because it wasn't a permanent 289 00:26:03,119 --> 00:26:07,799 position. They would be the doze for up to two years and then have 290 00:26:07,960 --> 00:26:14,440 to return, so they would never pass a law against themselves. And so 291 00:26:14,680 --> 00:26:21,319 everything was more or less legitimate at that time. And it's only with Marxism 292 00:26:21,400 --> 00:26:26,720 where you get into this rich versus poor stuff. As long as the general 293 00:26:26,799 --> 00:26:33,119 law basically was looking at it from a competitive standpoint against Venice and Florence, 294 00:26:33,680 --> 00:26:40,319 everybody benefited. It wasn't class warfare. It was warfare general against Florence, 295 00:26:41,119 --> 00:26:47,799 and so everybody in the whole city benefited. But the whole the real key 296 00:26:48,599 --> 00:26:52,400 was that these there were term limits. That was it one time in and 297 00:26:52,680 --> 00:26:56,000 out, and you can't come back, and that family would not be you 298 00:26:56,079 --> 00:27:00,680 know, we would have to get into Q again. You know, they 299 00:27:00,880 --> 00:27:06,400 say that the United States Senate is the most exclusive nursing home in the world, 300 00:27:06,559 --> 00:27:11,599 right, Oh, pretty much? Yeah, I mean it's I mean, 301 00:27:11,640 --> 00:27:17,680 I mean I knew Arlen Spector who basically did the magic bullet theory on 302 00:27:18,559 --> 00:27:22,200 Kennedy. They lived a few doors away from me when I was back in 303 00:27:22,359 --> 00:27:26,880 Jersey, and I just remember, you know, him talking about the Middle 304 00:27:26,920 --> 00:27:30,279 East. All these guys are dictators, they've been there for thirty five years. 305 00:27:30,319 --> 00:27:32,759 So I turned to Ireland. I said, isn't that about it? 306 00:27:32,799 --> 00:27:37,839 As long as you've been in the Senate too. Yeah, well you know 307 00:27:37,960 --> 00:27:41,759 I was elected, I will so were they. Yeah, just rigged election 308 00:27:42,000 --> 00:27:49,640 the same thing. But the whole key is once they're on that side of 309 00:27:49,799 --> 00:27:59,279 the table and they become our enemy, it's then always against us. The 310 00:27:59,440 --> 00:28:03,000 key is there has to be term limits, as I saw in general, 311 00:28:03,960 --> 00:28:08,440 then you're never going to pass a law that you yourself would be it would 312 00:28:08,480 --> 00:28:17,200 be applied to you in two years. So it was much more responsible and 313 00:28:17,519 --> 00:28:22,680 was done basically as I said, like to benefit the city against another one. 314 00:28:23,759 --> 00:28:30,160 And that's what we have to return to once you have any kind of 315 00:28:30,160 --> 00:28:34,000 a career politician. I mean, and I've dealt with governments around the world, 316 00:28:34,920 --> 00:28:40,920 and I don't see any difference because once they get in there, it's 317 00:28:41,079 --> 00:28:45,519 always them against us all the time. It's universal. You got to take 318 00:28:45,599 --> 00:28:51,839 this central bank digital currency stuff. Why are they pushing it because I've been 319 00:28:52,000 --> 00:28:56,359 flat out right told, oh, we'll increase our taxation by at least thirty 320 00:28:56,400 --> 00:29:03,000 five percent, because whatever you paying taxes, they figure there's another twenty five 321 00:29:03,079 --> 00:29:07,039 percent you didn't tell them about. Yeah, and so that's why they want 322 00:29:07,039 --> 00:29:11,079 to eliminate cash. If you and your wife go out to dinner and you 323 00:29:11,240 --> 00:29:17,559 hired the sixteen year old girl next door to watch the kids, then oh 324 00:29:17,680 --> 00:29:19,440 my god, you paid her. She didn't pay any taxes. How much 325 00:29:19,480 --> 00:29:22,599 did you give her? Where's our fifty percent? I mean, this is 326 00:29:22,680 --> 00:29:26,319 what these people think about. This is what they come up dreaming up these 327 00:29:26,440 --> 00:29:33,279 ideas. All right, so we got one here. Does mister Armstrong have 328 00:29:33,400 --> 00:29:40,160 any confidence in the Iraqi dinar? That's fat a scam running since the war? 329 00:29:40,400 --> 00:29:45,079 Right? Yeah? Look, I mean most of these things, like 330 00:29:45,359 --> 00:29:49,160 he takes the Ukraine, you take all of them. I mean, they're 331 00:29:49,799 --> 00:29:57,599 they're they're just propped up regimes. At this point, there's no real economy 332 00:29:57,720 --> 00:30:03,559 that's honest and trust worthy, which is really what is the backing behind the 333 00:30:03,640 --> 00:30:07,920 currency. You take the Euro. I mean, when they were creating the 334 00:30:08,039 --> 00:30:12,119 Euro, they even came to me. I sat down with them, and 335 00:30:14,200 --> 00:30:18,039 they were putting out the propaganda that everybody would be paying the same interest rate. 336 00:30:18,799 --> 00:30:22,960 And I said, look, that's not going to happen unless you consolidate 337 00:30:23,039 --> 00:30:29,200 the debts. And I know, you know, because I was negotiating with 338 00:30:29,319 --> 00:30:36,480 them, and you know, Colwen in Germany knew if he allowed the German 339 00:30:36,559 --> 00:30:41,160 people to vote, they would voted against it joining the Euro. So he 340 00:30:41,319 --> 00:30:47,359 put Germany in the Euro. And what he did was he insisted there'd be 341 00:30:47,440 --> 00:30:52,039 no consolidation of the debt because he felt the Germans would go nuts if you 342 00:30:52,200 --> 00:31:00,240 were basically absorbing the debt of Greece, in Italy, etc. So that's 343 00:31:00,319 --> 00:31:04,680 why they told me, look, we just have to get the Euro through 344 00:31:04,960 --> 00:31:10,599 and we'll worry about the consolidation the debt later. And that was nineteen ninety 345 00:31:10,640 --> 00:31:15,480 eight. I mean, he's still waiting. We're still waiting exactly. Yeah, 346 00:31:15,960 --> 00:31:19,799 And that's why the euro, you know, was supposed to destabilize the 347 00:31:19,960 --> 00:31:26,200 Dour and all this other kind of nonsense can't happen because the fund manager, 348 00:31:26,759 --> 00:31:30,000 if he's going to invest in Europe, he still has to buy the debt 349 00:31:30,160 --> 00:31:37,960 of each individual country. And that's no different than you know, looking at 350 00:31:37,000 --> 00:31:41,759 all the states in the US. Each one has a different credit rating. 351 00:31:41,480 --> 00:31:45,720 And that's why I said, look, the Euro's not gonna this is not 352 00:31:45,839 --> 00:31:51,279 going to work, you know. And but they were selling it to people 353 00:31:51,519 --> 00:31:55,359 like, oh, it's going to you know, de thrown the dour or 354 00:31:55,680 --> 00:32:00,279 you know, there is no net federal debt for you know, he can't 355 00:32:00,279 --> 00:32:02,759 pick up the phone and say, yeah, buy me ten billion dollars worth 356 00:32:02,759 --> 00:32:07,359 of European debt. It can't happen. You got to go, Okay, 357 00:32:07,440 --> 00:32:09,480 do I want Germany? Do I want Italy? What about France? What 358 00:32:09,599 --> 00:32:14,880 are they doing? And you're still back on the same issue as like the 359 00:32:14,960 --> 00:32:22,039 fifty states that we have. Correct, all right, So how do you 360 00:32:22,200 --> 00:32:27,720 see the relationship between the US dollar and the Swiss frank in the coming years? 361 00:32:27,839 --> 00:32:30,599 Is it just more of the same pretty much? Yah? I mean, 362 00:32:31,960 --> 00:32:40,720 Swiss is losing a lot of its foundation and what made Switzerland great most 363 00:32:40,759 --> 00:32:49,759 people will realize. But I mean when when Hitler came to power, of 364 00:32:49,920 --> 00:32:54,279 what they did. They passed a law that everybody had to have their bank 365 00:32:54,359 --> 00:32:59,599 accounts off shore was illegal and it had to be in Germany. And that 366 00:32:59,759 --> 00:33:02,440 was because of the hyperinflation. Everybody moved money out of the country, et 367 00:33:02,480 --> 00:33:10,720 cetera. So effectively what Swiss did, that's when they passed their Secrecy Act. 368 00:33:13,680 --> 00:33:20,400 It was a response to Hitler. And that's what made Switzerland Swiss. 369 00:33:21,279 --> 00:33:24,680 You know, during wars they were neutral. That was a place that even 370 00:33:24,880 --> 00:33:28,640 you know, heads this state could have put their money and not worry about. 371 00:33:29,519 --> 00:33:34,400 And now look at it. It's so they put sanctions on on Russia. 372 00:33:34,559 --> 00:33:40,000 They confiscated private assets of Russians because this was the agenda. You know. 373 00:33:40,680 --> 00:33:45,359 Once they did that, they lost their new triality. They lost everything. 374 00:33:45,799 --> 00:33:50,880 Yeah, all right, will the FD I see default on saving his 375 00:33:50,960 --> 00:33:53,920 accounts, bank deposits, CDs, et cetera. When the default when the 376 00:33:54,039 --> 00:33:59,599 US defaults on its treasury notes? If yes, when where do you put 377 00:33:59,640 --> 00:34:06,240 your money for safe keeping? Well, what you're really looking at is is 378 00:34:07,759 --> 00:34:15,400 uh, this movement towards the CBDC H and at that point that's when that's 379 00:34:15,519 --> 00:34:20,440 how you do kind of default. To some degree, I would be concerned. 380 00:34:22,599 --> 00:34:25,159 I mean, these people are kind of ruthless, and the worse it 381 00:34:25,280 --> 00:34:30,079 gets for them, the more draconian they will become. I wouldn't put it 382 00:34:30,199 --> 00:34:36,480 past them from even making it so that, you know, just kind of 383 00:34:36,679 --> 00:34:43,599 I think what Trudeau did in Canada was a trial balloon for them when he 384 00:34:43,920 --> 00:34:49,360 when he froze the accounts of anybody that donated to the truckers, not just 385 00:34:49,480 --> 00:34:55,039 the truckers, but anybody that even donated to them, and so effectively, 386 00:34:55,199 --> 00:35:01,039 what you could do, and what they've been looking at is that even Christine 387 00:35:01,079 --> 00:35:06,519 mcguard said there will be controls on it, they could actually, you know, 388 00:35:06,719 --> 00:35:08,800 simply say well, we don't like Trump and you can't donate any money 389 00:35:08,840 --> 00:35:15,400 in the Trump you know, and they could do that by saying outlawing buying 390 00:35:15,480 --> 00:35:24,800 gold. And keep in mind that this is about power. They know the 391 00:35:24,960 --> 00:35:31,760 system is collapsing and as because of that, they get more and more draconian. 392 00:35:34,199 --> 00:35:44,800 So the problem with the debt default, all right, you can see 393 00:35:44,880 --> 00:35:52,719 the stupidity like the Neo cos they're bashing China over Taiwan et cetera. Okay, 394 00:35:52,440 --> 00:35:58,559 but uh, China is the largest holder of you with debt. They've 395 00:35:58,559 --> 00:36:02,519 been selling billions every month because they know if we're going to actually go to 396 00:36:02,639 --> 00:36:07,519 war, as some of these people are out here saying, you know, 397 00:36:07,599 --> 00:36:12,960 we'll be in war with trying to within five years, they cannot possibly hold 398 00:36:13,000 --> 00:36:19,280 any US debt. You don't buy the debt of the guy that's that's trying 399 00:36:19,320 --> 00:36:28,719 to shooting help. That's why I mean that there's just no coherent strategy anymore. 400 00:36:29,239 --> 00:36:34,199 It's like each little group is just pursuing their own agenda. You got 401 00:36:34,239 --> 00:36:38,679 the climate zelts out there, who oh, we have to shut down all 402 00:36:38,800 --> 00:36:44,840 fossil fuels heating, and now they're talking about cutting out uh oh, air 403 00:36:44,920 --> 00:36:53,880 conditioning causes it. And I really think that they've now created another lab type 404 00:36:55,039 --> 00:37:02,480 virus that's going after people's pets. There's a sudden, massive, mysterious virus 405 00:37:02,599 --> 00:37:07,880 that's killing dogs and nobody knows where it came's from. That's crazy, first 406 00:37:07,960 --> 00:37:14,599 time in history, all right, So it's and it's a respiratory thing the 407 00:37:14,639 --> 00:37:20,360 same similar to like culds it. So, I mean, look, there's 408 00:37:20,639 --> 00:37:28,440 nothing that these people is off the table. These climate people, they have 409 00:37:28,639 --> 00:37:35,800 no idea. You shut off fossil fuels, die off, a mass die 410 00:37:35,880 --> 00:37:39,159 off. Yeah, and you don't want air conditioning, you don't want heating. 411 00:37:40,440 --> 00:37:45,880 You know, do you understand how civilization is even functioned? I mean 412 00:37:46,239 --> 00:37:52,320 you're looking at massive, massive civil unrest and civil wars over this kind of 413 00:37:52,360 --> 00:37:55,800 stuff. I mean, like I say, these people don't understand I think 414 00:37:55,880 --> 00:38:00,159 what they're really even saying. You go to some of these several countries, 415 00:38:00,199 --> 00:38:04,519 if they have no gasoline or something like that, they came and feed their 416 00:38:04,599 --> 00:38:12,400 families. It is, and there's nobody that seems to be looking at any 417 00:38:12,440 --> 00:38:19,079 of this stuff. And you had just had John Kerry often Dubai saying that 418 00:38:19,159 --> 00:38:23,079 air conditioning is your problem, all right, So you want to end all 419 00:38:23,199 --> 00:38:27,880 the oil so that kills the Middle East there, and now you want to 420 00:38:27,920 --> 00:38:30,440 say they can't have air air conditioning. I mean, i've you know, 421 00:38:30,519 --> 00:38:36,320 we have an office in UAE. They can me ninety degrees at midnight. 422 00:38:38,280 --> 00:38:42,480 And now you don't want any air conditioning and you want to get it, 423 00:38:43,079 --> 00:38:46,880 you know, kill all energy. I mean you know, hello, you 424 00:38:47,079 --> 00:38:52,519 think this is the Middle East war, Wait till you see what happens it's 425 00:38:52,639 --> 00:38:57,639 nuts, really crazy, all right. A couple more questions I think we 426 00:38:57,800 --> 00:39:02,320 covered, like really a lot of terror ory here here. No, this 427 00:39:02,440 --> 00:39:07,199 one's a little a little confusing. But if gold was used as an absolute 428 00:39:07,280 --> 00:39:12,760 basis for currencies, why wouldn't it work once the price is established for gold, 429 00:39:12,920 --> 00:39:17,800 anytime a government printed currency above its growth and GDP, the currency price 430 00:39:17,880 --> 00:39:23,440 would adjust downward. In theory, I guess, well, that's exactly what 431 00:39:23,599 --> 00:39:29,559 happened with Brenton Woods. And they fixed gold at thirty five dollars, but 432 00:39:29,639 --> 00:39:34,400 they kept printing money. It was actually the Vietnam War that broke Brenton Woods. 433 00:39:35,199 --> 00:39:43,519 Yeah, doesn't butter the problem with anything a gold standard or fixed exchange 434 00:39:43,639 --> 00:39:49,840 rate or whatever. The economy is a business cycle. There are times that 435 00:39:49,920 --> 00:39:53,360 it goes up and then times it goes down, all right, And when 436 00:39:53,639 --> 00:39:59,559 you go down, the currency rises in purchasing power they call, you know, 437 00:39:59,679 --> 00:40:05,559 the flight to cash, all right, So and then in a boom, 438 00:40:06,119 --> 00:40:08,840 you know, the assets are rising and the currency goes down. So 439 00:40:09,679 --> 00:40:15,159 you can't really fix anything because one you'd have to eliminate the business cycle, 440 00:40:15,239 --> 00:40:19,079 which is what marsh was trying to do, and you just can't do that. 441 00:40:19,440 --> 00:40:23,119 It's impossible. It is because weather's involved in it. I mean, 442 00:40:24,159 --> 00:40:29,000 if there's a shortage, drought and we's going to go up in price, 443 00:40:29,079 --> 00:40:32,840 it can't be the same price all the time. So you have to understand 444 00:40:34,000 --> 00:40:37,719 also a lot of these people that talk about going back to a gold standard, 445 00:40:37,320 --> 00:40:43,599 you have to change the entire political system. How the democrat going to 446 00:40:43,639 --> 00:40:46,199 be able to run is say we'll voote for me and I'll and I'll give 447 00:40:46,199 --> 00:40:50,280 you X, Y and z. He can't do that anymore. It's gonna 448 00:40:51,000 --> 00:40:55,000 where's the food stamp money going to come from? Yeah, it's it's it's 449 00:40:55,039 --> 00:41:02,239 a lot more complicated than simply go you a gold black currency. It's it's 450 00:41:02,400 --> 00:41:07,719 never worked. Did they have always failed because there is a business cycle? 451 00:41:07,159 --> 00:41:12,519 Yeah, all right, and now that we have socialism with Marxism in there, 452 00:41:12,920 --> 00:41:16,920 they don't know how to run otherwise. All right, last question here. 453 00:41:16,960 --> 00:41:21,480 I really appreciate your patience with these, but I thought some of them 454 00:41:21,519 --> 00:41:27,719 were quite good. So, putting aside the fear mongers with their frequent dollar 455 00:41:27,880 --> 00:41:31,880 apocalypse and sometimes gold hype, at what date should we be holding a very 456 00:41:32,039 --> 00:41:39,920 minimal amount to no dollars and no US treasuries. Well, I would be 457 00:41:40,599 --> 00:41:46,119 very concerned about the US treasury side. Okay, stay short term, and 458 00:41:46,960 --> 00:41:52,920 I would say after, you know, after the elections, after twenty twenty 459 00:41:52,000 --> 00:41:58,960 four, things are going to get a lot different. It looks like we're 460 00:41:58,960 --> 00:42:05,800 heading towards war. And my sources have been pretty pretty damn good. Really, 461 00:42:07,039 --> 00:42:12,320 these people are trying to create war before the election, and the neo 462 00:42:12,480 --> 00:42:16,159 cons this is their fifteen minutes in the sun. That's why they hate Trump 463 00:42:16,280 --> 00:42:22,960 so much. Because Trump started immediately firing John Bolton and all these people. 464 00:42:22,840 --> 00:42:25,880 We didn't go to war when he was president. We had no new wars. 465 00:42:27,000 --> 00:42:31,079 That must have been a great disappointment to the military industrial complex. Yeah, 466 00:42:31,119 --> 00:42:36,639 well you had John Bolton immediately. You know when I mean, I 467 00:42:36,719 --> 00:42:42,599 will say this. I went to dinner at Mari Largo with Trump back in 468 00:42:42,800 --> 00:42:47,679 March of twenty twenty when he was still president, and I met so many 469 00:42:49,000 --> 00:42:52,719 you know, heads to stay around the world. He was actually the first 470 00:42:52,760 --> 00:42:58,639 time he and one of them ever really impressed me. He said that he 471 00:42:58,760 --> 00:43:02,760 wanted to pull the troops out of Afghanistan because he said he was sick and 472 00:43:02,840 --> 00:43:08,480 tired of writing letters to families to say your son died for a godden country. 473 00:43:09,159 --> 00:43:16,199 And his words were, He's just what are we doing there? They've 474 00:43:16,239 --> 00:43:21,440 been fighting over borders for a thousand years. What difference are we going to 475 00:43:21,559 --> 00:43:25,960 make now. You had John Bolton immediately come out like, oh my god, 476 00:43:27,159 --> 00:43:30,480 you know, we can't leave Afghanistan. These people want more all the 477 00:43:30,599 --> 00:43:37,440 time. If there were ten Russians in Canada, he would advocate invading Canada. 478 00:43:37,760 --> 00:43:42,280 I don't know what it is with these people. I know some of 479 00:43:42,360 --> 00:43:47,079 them, and they're just lose normal. They looked normal on the outside, 480 00:43:47,159 --> 00:43:53,519 but once they start talking right, well, they This theory they have is 481 00:43:54,119 --> 00:44:00,480 that they talked themselves into like oh, Sadam Hussein was a dictator, and 482 00:44:00,599 --> 00:44:06,920 Assad and Kadafi and you go into the if we go in and we overthrow 483 00:44:07,079 --> 00:44:10,920 these people, they think they're going to get a ticker tape parade and the 484 00:44:12,039 --> 00:44:17,280 people will cheer for being you know, freed. They think this of Russia, 485 00:44:17,840 --> 00:44:21,880 that the Russians will cheer, you know, if we take out Putin. 486 00:44:22,280 --> 00:44:28,239 You know, you're they're just complete nuts. And you know you had 487 00:44:28,400 --> 00:44:34,360 John McCain there at Maidan in Ukraine. Yes, overthrow your government. America 488 00:44:34,480 --> 00:44:39,039 is behind you will support you. Can you imagine if Putin came to Washington 489 00:44:39,239 --> 00:44:45,199 and did the same thing overthrow Biden, you know will support you. I 490 00:44:45,280 --> 00:44:51,360 mean, that would be so outrageous. Nuts it is, It's just completely 491 00:44:51,440 --> 00:44:54,320 nuts. So, I mean, after twenty four I would be very concerned 492 00:44:54,320 --> 00:44:59,960 about government debt. The dour is probably still going to remain king up until 493 00:45:00,159 --> 00:45:07,039 maybe twenty seven, twenty eight, because as war happens, the capital concentrates 494 00:45:07,079 --> 00:45:12,440 here. But that's also why you see real estates still going crazy. In 495 00:45:12,599 --> 00:45:17,039 Florida is still going up. Besides, you have the migration from the Blue 496 00:45:17,079 --> 00:45:22,800 States to the Red States. In addition, I mean, we have offices 497 00:45:22,880 --> 00:45:30,199 around the world. Everybody knows about Florida, and basically, you know, 498 00:45:30,400 --> 00:45:36,800 you're looking at a lot of capital still coming in. I spoke to, 499 00:45:37,079 --> 00:45:40,000 you know, realtors that I know locally, and they say houses that are 500 00:45:40,079 --> 00:45:45,000 one to five million dollars. People are just paying cash, snapping them up. 501 00:45:45,360 --> 00:45:49,760 Yeah, there's no mortgage rates. They don't care about that. Yeah, 502 00:45:49,880 --> 00:45:52,039 go ahead, raise the interest rates. They're trying to get money off 503 00:45:52,159 --> 00:45:57,920 the grid. That's really what the issue is. So you see, gold 504 00:45:58,000 --> 00:46:01,400 has been rising, stop market was rising with it. That's what I've been 505 00:46:01,679 --> 00:46:08,559 telling people. You're understand since twenty eleven, since we started talking. Yeah, 506 00:46:08,719 --> 00:46:12,840 I mean, you know, I don't know if these people just ever 507 00:46:13,159 --> 00:46:19,800 looked at charts historically or why. But I mean we put out a chart 508 00:46:19,920 --> 00:46:22,800 on our site, you know, with the interest rates in the stock market 509 00:46:22,840 --> 00:46:27,800 during trumpshears. You know, when you know Trump was there, the stock 510 00:46:27,920 --> 00:46:30,880 market was when they called the Trump rally, but the Fed was raising inter 511 00:46:31,000 --> 00:46:37,000 strates the whole time. They didn't talk about that. It's you have to 512 00:46:37,079 --> 00:46:40,320 look at this thing, you know, objectively, and stop with all the 513 00:46:40,440 --> 00:46:45,840 myths and nonsense. But you know, as I've said before, you know, 514 00:46:46,079 --> 00:46:51,199 the US government was bankrupt in eighteen ninety six. JP Morgan had to 515 00:46:51,280 --> 00:46:54,000 lend one hundred million in goald to bail it out. By World War one, 516 00:46:54,639 --> 00:46:59,519 US was already the financial capital world. By World War two, we 517 00:46:59,639 --> 00:47:02,639 ended up with seventy six percent of the world gold reserves. Why it was 518 00:47:02,760 --> 00:47:07,119 World War one and two they sent all the money here. You know, 519 00:47:07,400 --> 00:47:09,360 you got tanks going down the streets, blowing up banks. You're not going 520 00:47:09,400 --> 00:47:14,519 to leave your money there. Appaholt was flight. It was the same thing 521 00:47:14,599 --> 00:47:20,440 that I said that about Switzerland. Because of the hyperinflation, people move their 522 00:47:20,519 --> 00:47:24,840 money out of Germany and we're you know, parking money everywhere else, you 523 00:47:24,960 --> 00:47:29,159 know. And that's why Hitler came in and said it's against the law to 524 00:47:29,280 --> 00:47:34,480 having an account outside the country. Right. It was the capital flight because 525 00:47:34,559 --> 00:47:38,239 of the hyperinflation. Gotcha all right? Well that is it. Really appreciates 526 00:47:38,280 --> 00:47:44,840 you spending this time with us, Martin and answering these questions. Remember martin 527 00:47:44,960 --> 00:47:49,719 site is Armstrong Economics dot com. Make sure you go to a site sign 528 00:47:49,840 --> 00:47:55,599 up for his regular missives. They come out regularly and we read them all 529 00:47:55,639 --> 00:48:01,559 the time, and sign up for his private blog as well. Very reasonable 530 00:48:01,679 --> 00:48:07,440 fee fifteen bucks a month, totally worth it. Hey, got any questions, 531 00:48:07,719 --> 00:48:12,519 any more questions, shoot them off to kl at Carrie LUTs dot com 532 00:48:13,239 --> 00:48:16,559 and well that's it, Martin. Always a pleasure. Thank you so much. 533 00:48:16,960 --> 00:48:20,880 Well, thank you, it's great to see you see again next time. 534 00:48:21,159 --> 00:48:25,760 Thanks for listening to Carrie Letz's Financial Survival Network, your solution to today's 535 00:48:25,920 --> 00:48:31,320 trying times. For the latest, go to Financial Survivalnetwork dot com. Financial 536 00:48:31,440 --> 00:48:35,559 Survival Network now more than ever