What you have to understand here is that we have in twenty twenty four an
awful lot of problems politically around the world, and that sort of uncertainty is
what provides the underlying base for gold. And I mean just look at New
York City. It's an absolute disaster. You've got rats were actually running around
openly on the streets. It's a lot of criminals. Yeah, I mean,
they've cut the police spending down by five point six billion dollars. You're
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free newsletter and gift. Financial Survival Network now more than ever. And welcome.
You are listening to and watching the Financial Survival Network. And I'm Kerrie
Lut's your host. It's December eighth. We've got one of your most favorite
popular guests, hunt Martin Armstrong. We're going to change things a little bit.
Of all the guests I have on Marty, you by far receive the
most questions. I try to ask them, but sometimes I miss them and
then people get upset with me. So I decided we're going to change it
up a little bit. We're just going to do a Q and A from
many of our listeners out there, and then I got a couple for you.
But we're going to start off with this one and from my friend from
the land down under. Please ask mister Armstrong to give his interpretation of what
the US debt clock is trying to convey. He has a picture attached.
We're not going to bother with that, but it shows a dollar supply at
a negative number but still diminishing, and links it to the dollar silver gold
ratio. What's going on in that situation? Thanks in advance? Well,
I mean the real value of gold. It goes up, like for example,
gold at bottomed in nineteen seventy six one hundred dollars. It rose about
four hundred by December seventy nine, but the last six weeks it went from
four hundred to eighty seventy five. Why because that's when Russia invaded Afghanistan.
The real mover of gold is not inflation or you know this this kind of
propaganda all the time. It's when confidence in government collapses. That's what we're
really facing at this point. Twenty twenty four is going to be the year
from political hell. It's not just the US. I mean you look around.
You've got elections everywhere. Russia, the head of the EU is up,
but you got British elections coming. I mean it's like you're going to
take whatever politics there is, put it in a jar, shake it and
you know, and pour it out. It's just crazy everywhere. Yeah,
yeah, and we're gonna I got a question for you later about the Argentine
election here. Next question is China seems to be trends more grafying or more
graphing into an Asian tacatopia, which I think means dystopia if my bookb serves
me correct. Question by twenty thirty two, is China going to look like
a technocratic empire worse than an Orwellian Big Brother nightmare? Is truth going to
end up more stranger and more dangerous than fiction? No? Not really.
What we're what are computer is showing. Oh yeah, you just shut that
thing off. What our computers are actually showing is that for twenty thirty two,
we're looking at all government mints basically changing, and that that applies to
China as well. So it's not that I mean a lot of the propaganda
about China. I mean I can tell you most of the actual problems there.
With the banking et cetera. China warned its provinces and the banks not
to borrow in dollars they were doing. Soca's interest rates were cheap, and
they said, do not do that. They did not act as an authoritarian.
They probably should have, and just think we outlawed it, but they
didn't. So that's why you have banks failing, et cetera. But you
know, the people in China are not about to go back to communism or
anything like that. The same thing in Russia. They've all had enough of
that stuff and once you give them a taste of freedom. I mean,
there's a lot of billionaires in both Russia and China. They're not communists anymore.
I was talking along, you know, congressman, and he says,
oh, you know, China's communists. I said, you understand what communism
even is. You know, the government owns every day. I said,
you know, it's a it's a question of saving face. You know,
they still call it the communist party, that's not communism. But if they
changed the name of the party, then they'd have to take down the picture
of mal you know, and wrong and take them all the money too,
right, yeah, you want it would be a major psychological announcement that sorry,
for fifty some years we were wrong. So it's just opened up.
I mean, you people from freely travel and you got private ownership and everything,
and it's they just kept the name. That's it. But you know,
you're looking at China's economy got into a lot of trouble, mainly because
they went very draconian with the whole COVID stuff. Uh, you know,
locking people down. And when you do that, the the GDP collapses.
People can't go to work. Uh you have uh, you know a portion
of the class that that have lost their homes because they couldn't work and they
couldn't make payments. You know. So a lot of these politicians, not
just in China but also throughout America and Europe are beginning to realize what they
did was serious. Uh. And then you and I warned about it too.
Yeah. Look, it's you know, the inflation we have here is
because of shortages. It's not speculation. So raising interest rates is not going
to make you know, going to make it rain or anything else. It's
uh, that's why the Fed's kind of like in a between a rock and
a hard place. I mean it can it sees the inflation, yes,
and then you can manipulate the CPI down to pretend it's not there. But
the reality is is that you still go to stores. And I just went
to the store the other day and there were stuff that wasn't there. Yeah,
I see it, I see it. And what is there is being
shoplifted in places like La and San Francisco. You know. I went into
a CVS. I was out in La and everything was under lock and key.
I wanted a bottle of eye drops. They were like twenty bucks.
I had to wait fifteen minutes for a salesperson to come. I went to
the same CVS down the street from me in Florida. All the racks are
open. You can get almost whatever you want there. They have locked up
some high value items. I will say that when I was able to get
the same drops pick them up myself. No greater contrast than that of next
question, how far will dold fall in this cycle? Some are predicting a
drop of fourteen fifty to fifteen hundred US before really taking off timeframe us how
far is it going to drop? Will it go to fourteen fifty to fifteen
hundred in what time frame? That's a bit extreme, But what we're really
looking at is I'm hoping to see a pullback in gold going into January.
We were only talking basically a few weeks ahead. If we get a low
in January, then gold would be in a position to rise for most of
the year. If you get a new high end January, then it's the
opposite. But what you have to understand here is that we have in twenty
twenty four an awful lot of problems politically around the world, and that sort
of uncertainty is what provides the underlying base for gold. And I mean,
just look at New York City. It's an absolute disaster. You've got rats
were actually running around openly on the streets. It's a lot of criminals.
Yeah, I mean they've cut the police spending go down by five point six
billion dollars and they go, oh, well, we're going to tax congestion
and cars driving around to clean the air. Meanwhile, they cut the budget
for sanitation, so you get clean air, but dirty streets, and there's
no congestion anymore because nobody's working in the place. The buildings are more than
half empty. I think a third are occupied now and twenty percent of the
space is vacant, but the rest of it is just on Karen maintenance.
All right, And this ties in with the next question. You answered the
other question about precious metals when they'll start moving, So we need to look
for January whether it makes a new high or low. If we carry the
trend now, it looks like it could be hitting a low there. But
Martin, you moved to Florida because your models said it would be the best
state going forward. People are moving to Florida in Texas. But what five
states did your mom? I'll say will fare the best in the coming years.
And he says we need multiple state choices instead of simply reciting the states
we are all moving to. We're going to publish a report on that and
do a more detailed look because we get an awful lot of people that want
to know. Florida is still number one, I can tell you, mainly
because Texas is getting inundated with all the illegal aliens moving across and even places
like Austin and things like this that used to be really nice. You're starting
to get you know, rising crime and things of that nature. And I
was just out and Austin. A lot of them said, you, I
think I'm going to move to Florida now. And I said, well,
jig bo, go to the east coast place. You know, I mean
the traffics, you're already doubled here. I mean it's to get to Florida.
They get to swim. Yeah. I Ten is about the worst interstate
highway on the planet, and that's what connects Texas and Florida eventually. Yeah.
And that's a follow up to that to which five countries did your model
say would fare the best going ahead? Uh? Short term, basically,
it's still largely than in the United States. What you have to understand is,
I know a lot of people get you know, worked up over the
debt and things of this nature, but we also have the largest economy.
And the main issue is is that we our economy is a consumer based economy.
Compare it to Germany. Germany is a mercantile type. In other words,
they manufacture things and want to sell it to somebody. Else. You
look at the net worth of the average German, it's less than an Italian
because they keep your taxes very high, afraid of inflation, things of that
nature. So they really suppressed their own people. And that mercantile model was
is like from the eighteen hundreds. You know. In contrast, China has
looked at both models, and if you pay attention, you will see China
is trying to mimic the consumer based from the United States. They understand what
made the United States the biggest economy in the world, and that was the
whole issue. So China is trying to develop its own consumer based economy,
you know, this soak road, things of this nature, and so US
is still number one. Mexico is actually you know, pretty you know,
it's been pretty interesting to a lot of people because they did not do the
the draconian COVID lot down stuff. A lot of people went there mainly because
they didn't have to be vaccinated to go for a simple vacation. Uh.
And so you have an awful lot of people also moving towards Mexico, and
so I think you know, you also, you know, you have others
going down to like Uruguay and you're beginning to see, like, you know,
Argentina overthrowing the left. You're saying the same thing down in Brazil,
So there is a shift. I mean, you've had this leftist idea in
South America for such a long time and it's done nothing but suppress the people.
I mean, Argentina used to be one of the richest countries in the
world. Don't realize that turn of the century. Yeah, yeah, I
mean then in comes the Commune stuff, the Marxist agenda, and they basically
wiped out the economy and people have never advanced since. Yeah, and only
the buildings. The architecture is magnificent there and Buenosari's, but they're living off
their capital from one hundred years ago. So as long as you raised Argentina,
I'd have a question for you. With the Millie's avowal to eliminate the
central bank, and I guess to dollarize the economy, is it going to
work? And in this day and age we truly control monetary growth and actually
make an economy grow. No, I mean I just did a piece on
that. Pegging to the dollar is not going to be a great idea because
what when you peg it's different than a fixed exchange rate, for example in
the Bretton Woods to his sixt exchange rate. But you didn't import influences from
other countries. When you peg a currency like to the dour. If the
Doer raises, you know, we raise interest rates, they're raised there as
well. If we have inflation, it's immediately exported to them hostage. They're
held hostage. Yeah, it's not the same thing. And a lot of
these politicians they don't really understand there. You know, there are three monetary
systems, sixth rate, pegging, and a floating rate. Milton Friedman's idea
of a floating rate, which you've first raised in nineteen fifty three, was
that it would be a check in balance against the politicians. You know,
I knew, Milton, you know personally. I mean, I think the
problem with it is that the assumption that the politicians would actually ever be responsible
and is kind of a not realistic. I mean, this is why the
FED in trouble if the FED raises interest rates. Back in the thirties,
the US government had to balance budget. So the idea, okay, fine,
we can raise interest rates to affect demand or lower them, and we
were the demand. But now the government is the biggest borrower in the system.
If the Fed raises interest rates to get us to stop spending so much,
it has it only increased the suspending government. No politicians goes down OLG.
The Fed raised interest rates so they wanted to spend less. Let's cut
the budget and will never happen. But yeah, this is my own personal
favorite question, and we got probably fifty or sixty, but we can't go
through all of them. Also, could you ask Martin if he has studied
specifically the cycle of moral corruption as a as a social phenomena. Are we
anywhere near the top or do we have room to grow to new heights?
Here in Europe? Seems like they are empty to this does first language.
They empty the gates of They opened the gates of hell, and no single
evil has remained down. This is part of why civilization collapses at the end.
You get this complete corruption because you know, government is keep trying to
survive and as a result, it just you know, it just it just
basically is like a cancer to eat of them apart. I mean, take
like what they did the Trump in New York, all right, saying that
oh he overvalued his assets all right to get and he had a disclaimer,
don't rely on my numbers. It's a guest in it. Yeah, But
the point is is that it's so absurd. You go to a bank,
the bank has its own appraisers. You can put me on whatever you think
it is. The bank's going to say, well, we think it's only
this. So what they're doing to Trump it's saying, well, we think
the value should have been this, even though you paid off the loan doesn't
matter, all right. The problem is once you create that precedent, they
can go down the line and start going after every company in New York City,
every company on the big board. Everybody puts values down. Yeah,
there's a cost basis, but then there's a market basis. And the bank
doesn't want to know what you pay for Trump Tower thirty years ago when they're
going to collateralize it. They want to know what it's worth today. So
give them a number. They're going to get an appraiser to come up with
a number, or their MBAs will do a spreadsheet and then you like haggle
and then you agree on a value. And that's the way these loans take
place. So they valuedd it less than half what he did, they still
made the loan, so obviously they weren't relying on any purported false representation.
I'm going back to my days as a lawyer, and there's no damage.
But sometimes it doesn't matter if there's damage or not. If there's fraud,
you don't want it in the system. But nonetheless, specifically, they were
not relying on this anyway. So the moral corruption cycle, is there any
limit to it? When does it crash? When society no? I mean,
we're starting to get into the crash mode. You take this twenty twenty
four election we have here in the States. I don't care who wins either
side, they're both going to say it's rigged. So you're looking at a
situation now where this this election in particular, it's just not going to be
accepted by either side. Doesn't matter. You had yellow restarting it back in
twenty sixteen, Oh Putin and Putin? Did I really won? All this
other kind of stuff, and then you know twenty twenty election. I mean,
this it's just building. You can see it. So I mean for
the United States, for the Biden administration to even allow these these lawsuits against
Trump, it shows you something is significant. Normally, you charge somebody like
that, their credibility goes down. Yeah, this is going up. He's
forty seven percent higher than any other Republican on the field. So that is
kind of showing you the collapse and confidence in government itself. Then you had
Argentina, you know, say oh, well that's a good idea, we
should criminally charge my opponent. Brazil tried the same thing with b you know,
bars Andoa. But I mean, you end up in a situation once
you do that, there is no there's no going back. It's the same
thing you know, they were they had to go and impeach Trump. Okay,
far don't you realize. Okay, you do that, when it's your
turn, they're going to come after you for the same thing. You know,
so they're going after Biden. I mean to me, it's just an
I've worked on Capitol Hill. I can't imagine how stupid these people really are.
They'd really think we'll will impeach Trump. They just look at that immediate
election. They don't look at what that means long term. You start doing
this, the other side are going to start doing it. It's that's just
that's Washington. Yeah, you know, Mark Twain said truth is stranger than
fiction. Fiction is limited by the imagination, and truth isn't. And that's
a third classic example. So here along those lines, this is a good
question too. History has proven the power corrupts from the fifth grade all monitor
to the pope. As long as humans are in the equation, how will
we ever find an equitable and fair system? Kim wrote that, And I
would just point out that once upon a time, the US system was born
from exactly what they're saying there, and we had a relatively I don't want
to say it wasn't perfect by any stretch, but it functioned, and it
functioned for the benefit of most people as long as you weren't in an excluded
class like slaves. Well, even then you have to understand, if you
really look at even the slavery issue, it began really with Britain trying to
make money, and if you stole an apple, they would basically say,
okay, fine, you got five years and they would sell you to a
plantation in America. Yeah, all right, They put you in an auto
ship, send you over here, and that was your sentence. You didn't
sit in a jail cell, and that was basically that's what the Constitution outlaws,
and that your servitude, right. But and you had Ben Franklin saying,
how would you like it if we picked up our rattlesnakes, put them
in a bag and sent them to you. So it was actually after the
American Revolution that the Dutch started bringing the Africans over because Britain was still doing
the same thing, you know, with its so called criminals. But that's
when Australia became the penal colony, right, so the American wasn't taking the
criminals from Britain anymore, so they you know, they shipped them off to
Australia. But all this even if you look at the the interesting thing about
slavery is before eighteen fifty five, congressmen they never got a salary. They
got to you know, they were paid on a per diem basis. That
was it, and they know what he meant for maybe a few weeks of
the year. So in eighteen fifty five the whole issue over slavery began,
and to get people to vote in their favor against slavery in Kansas, etc.
They promised annual salaries to the politicians. So the first annual salary starts
in eighteen fifty five. It's been downhill ever since. Absolutely once they're there,
that's the problem. I mean, I've investigated many different types of governments,
and I would say the best one I ever encountered was the city of
Genoa. It had the rich basically were the rulers. But what it was
was very interesting, and the does are like president would be appointed and after
that that family couldn't be the doze again, all right, for like about
twenty five years or so, so they would never because it wasn't a permanent
position. They would be the doze for up to two years and then have
to return, so they would never pass a law against themselves. And so
everything was more or less legitimate at that time. And it's only with Marxism
where you get into this rich versus poor stuff. As long as the general
law basically was looking at it from a competitive standpoint against Venice and Florence,
everybody benefited. It wasn't class warfare. It was warfare general against Florence,
and so everybody in the whole city benefited. But the whole the real key
was that these there were term limits. That was it one time in and
out, and you can't come back, and that family would not be you
know, we would have to get into Q again. You know, they
say that the United States Senate is the most exclusive nursing home in the world,
right, Oh, pretty much? Yeah, I mean it's I mean,
I mean I knew Arlen Spector who basically did the magic bullet theory on
Kennedy. They lived a few doors away from me when I was back in
Jersey, and I just remember, you know, him talking about the Middle
East. All these guys are dictators, they've been there for thirty five years.
So I turned to Ireland. I said, isn't that about it?
As long as you've been in the Senate too. Yeah, well you know
I was elected, I will so were they. Yeah, just rigged election
the same thing. But the whole key is once they're on that side of
the table and they become our enemy, it's then always against us. The
key is there has to be term limits, as I saw in general,
then you're never going to pass a law that you yourself would be it would
be applied to you in two years. So it was much more responsible and
was done basically as I said, like to benefit the city against another one.
And that's what we have to return to once you have any kind of
a career politician. I mean, and I've dealt with governments around the world,
and I don't see any difference because once they get in there, it's
always them against us all the time. It's universal. You got to take
this central bank digital currency stuff. Why are they pushing it because I've been
flat out right told, oh, we'll increase our taxation by at least thirty
five percent, because whatever you paying taxes, they figure there's another twenty five
percent you didn't tell them about. Yeah, and so that's why they want
to eliminate cash. If you and your wife go out to dinner and you
hired the sixteen year old girl next door to watch the kids, then oh
my god, you paid her. She didn't pay any taxes. How much
did you give her? Where's our fifty percent? I mean, this is
what these people think about. This is what they come up dreaming up these
ideas. All right, so we got one here. Does mister Armstrong have
any confidence in the Iraqi dinar? That's fat a scam running since the war?
Right? Yeah? Look, I mean most of these things, like
he takes the Ukraine, you take all of them. I mean, they're
they're they're just propped up regimes. At this point, there's no real economy
that's honest and trust worthy, which is really what is the backing behind the
currency. You take the Euro. I mean, when they were creating the
Euro, they even came to me. I sat down with them, and
they were putting out the propaganda that everybody would be paying the same interest rate.
And I said, look, that's not going to happen unless you consolidate
the debts. And I know, you know, because I was negotiating with
them, and you know, Colwen in Germany knew if he allowed the German
people to vote, they would voted against it joining the Euro. So he
put Germany in the Euro. And what he did was he insisted there'd be
no consolidation of the debt because he felt the Germans would go nuts if you
were basically absorbing the debt of Greece, in Italy, etc. So that's
why they told me, look, we just have to get the Euro through
and we'll worry about the consolidation the debt later. And that was nineteen ninety
eight. I mean, he's still waiting. We're still waiting exactly. Yeah,
And that's why the euro, you know, was supposed to destabilize the
Dour and all this other kind of nonsense can't happen because the fund manager,
if he's going to invest in Europe, he still has to buy the debt
of each individual country. And that's no different than you know, looking at
all the states in the US. Each one has a different credit rating.
And that's why I said, look, the Euro's not gonna this is not
going to work, you know. And but they were selling it to people
like, oh, it's going to you know, de thrown the dour or
you know, there is no net federal debt for you know, he can't
pick up the phone and say, yeah, buy me ten billion dollars worth
of European debt. It can't happen. You got to go, Okay,
do I want Germany? Do I want Italy? What about France? What
are they doing? And you're still back on the same issue as like the
fifty states that we have. Correct, all right, So how do you
see the relationship between the US dollar and the Swiss frank in the coming years?
Is it just more of the same pretty much? Yah? I mean,
Swiss is losing a lot of its foundation and what made Switzerland great most
people will realize. But I mean when when Hitler came to power, of
what they did. They passed a law that everybody had to have their bank
accounts off shore was illegal and it had to be in Germany. And that
was because of the hyperinflation. Everybody moved money out of the country, et
cetera. So effectively what Swiss did, that's when they passed their Secrecy Act.
It was a response to Hitler. And that's what made Switzerland Swiss.
You know, during wars they were neutral. That was a place that even
you know, heads this state could have put their money and not worry about.
And now look at it. It's so they put sanctions on on Russia.
They confiscated private assets of Russians because this was the agenda. You know.
Once they did that, they lost their new triality. They lost everything.
Yeah, all right, will the FD I see default on saving his
accounts, bank deposits, CDs, et cetera. When the default when the
US defaults on its treasury notes? If yes, when where do you put
your money for safe keeping? Well, what you're really looking at is is
uh, this movement towards the CBDC H and at that point that's when that's
how you do kind of default. To some degree, I would be concerned.
I mean, these people are kind of ruthless, and the worse it
gets for them, the more draconian they will become. I wouldn't put it
past them from even making it so that, you know, just kind of
I think what Trudeau did in Canada was a trial balloon for them when he
when he froze the accounts of anybody that donated to the truckers, not just
the truckers, but anybody that even donated to them, and so effectively,
what you could do, and what they've been looking at is that even Christine
mcguard said there will be controls on it, they could actually, you know,
simply say well, we don't like Trump and you can't donate any money
in the Trump you know, and they could do that by saying outlawing buying
gold. And keep in mind that this is about power. They know the
system is collapsing and as because of that, they get more and more draconian.
So the problem with the debt default, all right, you can see
the stupidity like the Neo cos they're bashing China over Taiwan et cetera. Okay,
but uh, China is the largest holder of you with debt. They've
been selling billions every month because they know if we're going to actually go to
war, as some of these people are out here saying, you know,
we'll be in war with trying to within five years, they cannot possibly hold
any US debt. You don't buy the debt of the guy that's that's trying
to shooting help. That's why I mean that there's just no coherent strategy anymore.
It's like each little group is just pursuing their own agenda. You got
the climate zelts out there, who oh, we have to shut down all
fossil fuels heating, and now they're talking about cutting out uh oh, air
conditioning causes it. And I really think that they've now created another lab type
virus that's going after people's pets. There's a sudden, massive, mysterious virus
that's killing dogs and nobody knows where it came's from. That's crazy, first
time in history, all right, So it's and it's a respiratory thing the
same similar to like culds it. So, I mean, look, there's
nothing that these people is off the table. These climate people, they have
no idea. You shut off fossil fuels, die off, a mass die
off. Yeah, and you don't want air conditioning, you don't want heating.
You know, do you understand how civilization is even functioned? I mean
you're looking at massive, massive civil unrest and civil wars over this kind of
stuff. I mean, like I say, these people don't understand I think
what they're really even saying. You go to some of these several countries,
if they have no gasoline or something like that, they came and feed their
families. It is, and there's nobody that seems to be looking at any
of this stuff. And you had just had John Kerry often Dubai saying that
air conditioning is your problem, all right, So you want to end all
the oil so that kills the Middle East there, and now you want to
say they can't have air air conditioning. I mean, i've you know,
we have an office in UAE. They can me ninety degrees at midnight.
And now you don't want any air conditioning and you want to get it,
you know, kill all energy. I mean you know, hello, you
think this is the Middle East war, Wait till you see what happens it's
nuts, really crazy, all right. A couple more questions I think we
covered, like really a lot of terror ory here here. No, this
one's a little a little confusing. But if gold was used as an absolute
basis for currencies, why wouldn't it work once the price is established for gold,
anytime a government printed currency above its growth and GDP, the currency price
would adjust downward. In theory, I guess, well, that's exactly what
happened with Brenton Woods. And they fixed gold at thirty five dollars, but
they kept printing money. It was actually the Vietnam War that broke Brenton Woods.
Yeah, doesn't butter the problem with anything a gold standard or fixed exchange
rate or whatever. The economy is a business cycle. There are times that
it goes up and then times it goes down, all right, And when
you go down, the currency rises in purchasing power they call, you know,
the flight to cash, all right, So and then in a boom,
you know, the assets are rising and the currency goes down. So
you can't really fix anything because one you'd have to eliminate the business cycle,
which is what marsh was trying to do, and you just can't do that.
It's impossible. It is because weather's involved in it. I mean,
if there's a shortage, drought and we's going to go up in price,
it can't be the same price all the time. So you have to understand
also a lot of these people that talk about going back to a gold standard,
you have to change the entire political system. How the democrat going to
be able to run is say we'll voote for me and I'll and I'll give
you X, Y and z. He can't do that anymore. It's gonna
where's the food stamp money going to come from? Yeah, it's it's it's
a lot more complicated than simply go you a gold black currency. It's it's
never worked. Did they have always failed because there is a business cycle?
Yeah, all right, and now that we have socialism with Marxism in there,
they don't know how to run otherwise. All right, last question here.
I really appreciate your patience with these, but I thought some of them
were quite good. So, putting aside the fear mongers with their frequent dollar
apocalypse and sometimes gold hype, at what date should we be holding a very
minimal amount to no dollars and no US treasuries. Well, I would be
very concerned about the US treasury side. Okay, stay short term, and
I would say after, you know, after the elections, after twenty twenty
four, things are going to get a lot different. It looks like we're
heading towards war. And my sources have been pretty pretty damn good. Really,
these people are trying to create war before the election, and the neo
cons this is their fifteen minutes in the sun. That's why they hate Trump
so much. Because Trump started immediately firing John Bolton and all these people.
We didn't go to war when he was president. We had no new wars.
That must have been a great disappointment to the military industrial complex. Yeah,
well you had John Bolton immediately. You know when I mean, I
will say this. I went to dinner at Mari Largo with Trump back in
March of twenty twenty when he was still president, and I met so many
you know, heads to stay around the world. He was actually the first
time he and one of them ever really impressed me. He said that he
wanted to pull the troops out of Afghanistan because he said he was sick and
tired of writing letters to families to say your son died for a godden country.
And his words were, He's just what are we doing there? They've
been fighting over borders for a thousand years. What difference are we going to
make now. You had John Bolton immediately come out like, oh my god,
you know, we can't leave Afghanistan. These people want more all the
time. If there were ten Russians in Canada, he would advocate invading Canada.
I don't know what it is with these people. I know some of
them, and they're just lose normal. They looked normal on the outside,
but once they start talking right, well, they This theory they have is
that they talked themselves into like oh, Sadam Hussein was a dictator, and
Assad and Kadafi and you go into the if we go in and we overthrow
these people, they think they're going to get a ticker tape parade and the
people will cheer for being you know, freed. They think this of Russia,
that the Russians will cheer, you know, if we take out Putin.
You know, you're they're just complete nuts. And you know you had
John McCain there at Maidan in Ukraine. Yes, overthrow your government. America
is behind you will support you. Can you imagine if Putin came to Washington
and did the same thing overthrow Biden, you know will support you. I
mean, that would be so outrageous. Nuts it is, It's just completely
nuts. So, I mean, after twenty four I would be very concerned
about government debt. The dour is probably still going to remain king up until
maybe twenty seven, twenty eight, because as war happens, the capital concentrates
here. But that's also why you see real estates still going crazy. In
Florida is still going up. Besides, you have the migration from the Blue
States to the Red States. In addition, I mean, we have offices
around the world. Everybody knows about Florida, and basically, you know,
you're looking at a lot of capital still coming in. I spoke to,
you know, realtors that I know locally, and they say houses that are
one to five million dollars. People are just paying cash, snapping them up.
Yeah, there's no mortgage rates. They don't care about that. Yeah,
go ahead, raise the interest rates. They're trying to get money off
the grid. That's really what the issue is. So you see, gold
has been rising, stop market was rising with it. That's what I've been
telling people. You're understand since twenty eleven, since we started talking. Yeah,
I mean, you know, I don't know if these people just ever
looked at charts historically or why. But I mean we put out a chart
on our site, you know, with the interest rates in the stock market
during trumpshears. You know, when you know Trump was there, the stock
market was when they called the Trump rally, but the Fed was raising inter
strates the whole time. They didn't talk about that. It's you have to
look at this thing, you know, objectively, and stop with all the
myths and nonsense. But you know, as I've said before, you know,
the US government was bankrupt in eighteen ninety six. JP Morgan had to
lend one hundred million in goald to bail it out. By World War one,
US was already the financial capital world. By World War two, we
ended up with seventy six percent of the world gold reserves. Why it was
World War one and two they sent all the money here. You know,
you got tanks going down the streets, blowing up banks. You're not going
to leave your money there. Appaholt was flight. It was the same thing
that I said that about Switzerland. Because of the hyperinflation, people move their
money out of Germany and we're you know, parking money everywhere else, you
know. And that's why Hitler came in and said it's against the law to
having an account outside the country. Right. It was the capital flight because
of the hyperinflation. Gotcha all right? Well that is it. Really appreciates
you spending this time with us, Martin and answering these questions. Remember martin
site is Armstrong Economics dot com. Make sure you go to a site sign
up for his regular missives. They come out regularly and we read them all
the time, and sign up for his private blog as well. Very reasonable
fee fifteen bucks a month, totally worth it. Hey, got any questions,
any more questions, shoot them off to kl at Carrie LUTs dot com
and well that's it, Martin. Always a pleasure. Thank you so much.
Well, thank you, it's great to see you see again next time.
Thanks for listening to Carrie Letz's Financial Survival Network, your solution to today's
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