1 00:00:00,160 --> 00:00:05,919 Because as China is reducing its purchasing of debt, I just look at it 2 00:00:06,000 --> 00:00:10,080 this way. If other countries are not going to buy the debt because of 3 00:00:10,080 --> 00:00:15,279 our geopolitical positions, then they can sell the debt, so their interest rate 4 00:00:15,359 --> 00:00:20,280 has to go up. So it's really you know, he may have started 5 00:00:20,280 --> 00:00:26,960 this on the inflationary idea, but it's taking on a life of its own. 6 00:00:27,280 --> 00:00:32,479 You're listening to Carrie Let's Financial Survival Network, where you get valuable information 7 00:00:32,560 --> 00:00:37,920 you just can't find anywhere else to thrive in today's trying times. You need 8 00:00:37,920 --> 00:00:43,840 the Financial Survival Network now more than ever. Go to Financial Survival and Network 9 00:00:43,920 --> 00:00:50,640 dot com and get your free newsletter and gift. Financial Survival Network now more 10 00:00:50,719 --> 00:00:59,439 than ever, And welcome you are watching and listening to the Financial Survival Network. 11 00:00:59,479 --> 00:01:03,159 I'm your host, Carry Lutts. Hey. It's August third, twenty 12 00:01:03,200 --> 00:01:07,200 twenty three, and there's so much going on the world in the world that 13 00:01:07,280 --> 00:01:11,359 we had to get Martin Armstrong back. Martin, you got a new book 14 00:01:11,359 --> 00:01:15,560 coming out called de Dollarization, and that's got a hyphen in it. I 15 00:01:15,560 --> 00:01:21,079 didn't know that it was spelled that way. But we should start there first 16 00:01:21,840 --> 00:01:26,200 with everything that's happened with a dollar. You know, the dollar was trading 17 00:01:26,239 --> 00:01:32,079 it near records, then it pulled back, had a substantial pullback down to 18 00:01:32,280 --> 00:01:38,040 under a hundred. Now it's back going back higher. De dollarization fact fiction, 19 00:01:38,439 --> 00:01:42,959 fancy, and de dollarize great, But what do you wind up with 20 00:01:42,040 --> 00:01:48,840 then the bricks currency. You know, it seems to me that the whole 21 00:01:48,840 --> 00:01:53,439 bricks currency is getting created because their currencies are collapsing as well, and they 22 00:01:53,519 --> 00:01:57,640 got to come up with an alternative otherwise they're going to be even more stuck 23 00:01:57,680 --> 00:02:02,799 with a dollar. Well, yeah, I mean the whole problem is that 24 00:02:04,400 --> 00:02:10,159 the main I would say the real backing of the dollar is the fact that 25 00:02:10,199 --> 00:02:15,520 the United States is kind of like Britain was before World War One, that 26 00:02:15,879 --> 00:02:22,400 everybody was issuing bonds in China, United States, even in British pounds, 27 00:02:22,479 --> 00:02:25,280 because that was the financial center of the world. If you wanted to raise 28 00:02:25,400 --> 00:02:28,960 money, sell bonds, you had to go to London, you know. 29 00:02:29,039 --> 00:02:32,639 After you know, World War Two, that simply became United States. So 30 00:02:34,520 --> 00:02:39,080 the real problem with like bricks or anything else replacing the dollar is kind of 31 00:02:39,120 --> 00:02:45,400 absurd because they're not going to be the ones financing the world. You know, 32 00:02:45,719 --> 00:02:50,400 so, I mean countries they'll go to Goldman, Sachs, et cetera, 33 00:02:50,639 --> 00:02:54,039 Greece, you know, Malaysia or whatever. You know, you really 34 00:02:54,039 --> 00:03:05,759 think they're going to go to uh India and Brazil and China for launching systems 35 00:03:05,800 --> 00:03:08,479 and stocks and stuff. I mean, you know, you have to look 36 00:03:08,520 --> 00:03:15,039 at this from what is really the backing of the dollar, and that is 37 00:03:15,080 --> 00:03:21,639 the deep financial markets that we have today. That doesn't mean it lasts forever. 38 00:03:21,840 --> 00:03:25,159 I mean Britain lost it, we will lose it too, but it's 39 00:03:25,240 --> 00:03:32,639 not to the bricks for anything of this particular nature. Most of this has 40 00:03:32,759 --> 00:03:40,080 turned on the fact that since the Biden administration, the neocons have gotten controlled 41 00:03:40,120 --> 00:03:50,719 basically everything, and so they made the stupid mistake of removing Russia from SWIFT 42 00:03:51,319 --> 00:03:57,599 and in doing so, you basically choreographed to the rest of the world. 43 00:03:57,719 --> 00:04:00,800 Hey, you either do what we say or we will remove you. So 44 00:04:00,879 --> 00:04:05,039 then you have China setting up chips, you have Iran setting up one, 45 00:04:05,879 --> 00:04:14,280 and so now the threat of removing a country from the SWIFT system doesn't carry 46 00:04:14,280 --> 00:04:18,959 what it used to. And you know, effectively, what they did was 47 00:04:19,000 --> 00:04:28,519 they divided the world economy. So globalization is really pretty much dead. And 48 00:04:29,160 --> 00:04:35,639 that's the real problem. So the de dollarization thing that it's got nothing really 49 00:04:35,680 --> 00:04:41,079 to do with our deficits or anything of that nature. It's due political. 50 00:04:42,319 --> 00:04:46,800 You can't be out there threatening China and Russia and then go to them and 51 00:04:46,839 --> 00:04:50,079 say, oh, gee, okay, fine, you know, will you 52 00:04:50,199 --> 00:04:54,399 lend us one hundred billion dollars so we can buy some bullets to shooget, 53 00:04:54,680 --> 00:04:58,720 you know. I mean it's just you know, at some point, you 54 00:04:58,839 --> 00:05:03,839 do not buy the debt of your enemy. And that's really you know what's 55 00:05:03,879 --> 00:05:10,040 taking place. Who China has been selling off us that every month, and 56 00:05:10,120 --> 00:05:13,879 you can't blame them. I mean, if we're going to continue this nonsense 57 00:05:13,959 --> 00:05:17,920 of attacking the people that actually buy the bonds, then they're not going to 58 00:05:17,959 --> 00:05:24,680 buy them, right, all right, So that leaves us with a banking 59 00:05:24,759 --> 00:05:30,399 crisis. All right. We've seen four banks fail, one bank being taken 60 00:05:30,600 --> 00:05:34,399 under I think it was called Is this banking crisis going to be as bad 61 00:05:34,439 --> 00:05:39,319 as O eight? O nine? More so in Europe rather than in the 62 00:05:39,399 --> 00:05:47,360 United States? And the primary problem is that they kept interest rates artificially low 63 00:05:47,439 --> 00:05:51,519 for too long. Europe was the worst. They went to negative rates in 64 00:05:51,560 --> 00:06:01,439 twenty fourteen, and then you require the banks to have collateral role and reserves 65 00:06:01,680 --> 00:06:08,319 and they have to be in government bonds. So you look at Europe and 66 00:06:08,720 --> 00:06:14,240 I mean pension funds and banks, I mean they've lost thirty forty percent of 67 00:06:14,279 --> 00:06:17,920 their of their capital because as interest rates go up, you know, the 68 00:06:18,360 --> 00:06:23,639 negative bonds, I mean, you have to reduce the price to compensate for 69 00:06:23,720 --> 00:06:29,399 the current interest rate. And that's really what took down the few banks in 70 00:06:29,439 --> 00:06:33,160 the US that um. I mean, as you know, I've I've dealt 71 00:06:33,199 --> 00:06:40,519 with governments and corporations for forty years and the problem is most of these boards, 72 00:06:41,240 --> 00:06:46,639 um, they don't have the expertise, right, and you know a 73 00:06:46,639 --> 00:06:53,040 lot of them are simply you know, being counters and lawyers. That's it. 74 00:06:53,079 --> 00:06:58,240 They don't. I mean look at SVB, I mean effectively, there 75 00:06:58,319 --> 00:07:02,120 wasn't anybody on the board a hand any banking experience. Well, at least 76 00:07:02,120 --> 00:07:08,959 with signature you had Barney Frank, right, he was very confidence inspiring, 77 00:07:09,120 --> 00:07:12,439 wasn't it. Oh yeah, I mean, I mean this is the problem. 78 00:07:12,480 --> 00:07:19,199 They appoint people to boards mainly because they have some sort of a political 79 00:07:19,279 --> 00:07:26,600 connection and not that they have any expertise in what the subject matter really is. 80 00:07:27,639 --> 00:07:30,360 I mean, I'm going to board meetings and it's just I feel like, 81 00:07:30,439 --> 00:07:36,079 you know, I'm teaching kindergarten. It's really bad. Yeah. Yeah, 82 00:07:36,079 --> 00:07:41,600 well that's for sure. So so interest rates. Though, at what 83 00:07:41,800 --> 00:07:45,720 point? How far can Powell take this? How far is he going to 84 00:07:45,800 --> 00:07:48,839 go? Actually he's got no choice. Is out of control. Yeah, 85 00:07:49,240 --> 00:07:56,040 because as China is reducing its purchasing of debt. I just look at it 86 00:07:56,079 --> 00:08:00,199 this way. If other countries are not going to buy the debt because of 87 00:08:00,199 --> 00:08:05,399 our geopolitical positions, then they can't sell the debt, so their interest rate 88 00:08:05,439 --> 00:08:09,360 has to go up. So it's really you know, he may have started 89 00:08:09,399 --> 00:08:16,480 this on the inflationary idea, but um, it's it's taking on a life 90 00:08:16,480 --> 00:08:20,079 of its own. And because you have, like I said, in Europe, 91 00:08:20,319 --> 00:08:26,120 you know, negative rights since twenty fourteen, the more the losses um 92 00:08:26,279 --> 00:08:31,399 you know, the higher they can't afford to buy anymore bonds. Right. 93 00:08:31,839 --> 00:08:37,159 So I mean that's the whole crisis that we have U and only the banks 94 00:08:37,200 --> 00:08:43,440 that are more sophisticated in least hedging their their um their portfolios, you know, 95 00:08:43,559 --> 00:08:48,000 can really survive. But I mean you look at SVB. I mean 96 00:08:48,039 --> 00:08:52,919 they basically, you know, this woke agenda is absurd. Oh you know, 97 00:08:52,919 --> 00:08:58,799 they're hiring people because they're a woman, or their color or this not 98 00:08:58,840 --> 00:09:03,080 the expertise, you know, Um, it's it's it's really pathetic. But 99 00:09:03,159 --> 00:09:07,440 you know you're supposed to hire the most qualified person, not the least. 100 00:09:07,720 --> 00:09:11,320 Yeah, it's supposed to be a meritocracy at least. That's when we grew 101 00:09:11,440 --> 00:09:15,240 up. That's what they taught us. You work hard, you know, 102 00:09:15,360 --> 00:09:18,759 you study, you get good grades. So they might worn't that best, 103 00:09:18,879 --> 00:09:22,720 but they were okay. And then you go and you start a career and 104 00:09:22,840 --> 00:09:28,960 that's your that's your pathway to the American dream. And now it's to be 105 00:09:28,080 --> 00:09:35,759 a favorite class and get benefits bestowed upon you by the by the ruling class, 106 00:09:35,879 --> 00:09:39,039 right. I mean it's kind of been stood on its head. So 107 00:09:39,200 --> 00:09:45,159 yeah, I mean I have clients that have sent me emails that their um 108 00:09:45,440 --> 00:09:48,679 sound is going through MBA and everything else and they can't get a job because 109 00:09:48,720 --> 00:09:54,919 they're right color or you know it's you know, they don't fill the slot. 110 00:09:56,399 --> 00:10:00,799 Yep, yep. Yeah. So all right, so we got a 111 00:10:00,840 --> 00:10:05,000 lot of problems. What about the stock market. It seems to be laughing 112 00:10:05,039 --> 00:10:11,240 in the face of all of these all of these major issues, even higher 113 00:10:11,320 --> 00:10:15,519 interest rates, so that we haven't seen that before. Actually you have if 114 00:10:15,559 --> 00:10:22,039 you if you don't listen to the propaganda about interest rates in the stock market 115 00:10:22,159 --> 00:10:26,320 and just step back and look at it. The Federal Reserve started raising interest 116 00:10:26,440 --> 00:10:31,039 rates as soon as Trump came to office. They were going up throughout his 117 00:10:31,320 --> 00:10:37,600 entire you know, administration, Yet they called it the Trump rally. Would 118 00:10:39,159 --> 00:10:46,759 basically when I was writing The Greatest Bullmarket back in nineteen eighty six, which 119 00:10:46,759 --> 00:10:58,320 we will republish because but I found it fascinating that the thinking process before nineteen 120 00:10:58,399 --> 00:11:03,440 twenty nine was completely opposite. As long as interest rates were going up, 121 00:11:03,519 --> 00:11:07,879 people were cheering because it meant that there were still a demand for money. 122 00:11:07,759 --> 00:11:13,360 And when you go into a recession or a depression, interest rates collapse because 123 00:11:13,399 --> 00:11:16,480 nobody's willing to borrow. That's why, you know, the ECB went to 124 00:11:16,600 --> 00:11:22,559 negative rates to try and punish people for saving. But if you don't know 125 00:11:22,600 --> 00:11:26,240 what tomorrow is going to bring, you don't go out and spend lavishly. 126 00:11:28,159 --> 00:11:31,399 And you know, I've published studies on our site. I mean, you 127 00:11:31,480 --> 00:11:35,320 can Google. You know, call money rates back to eighteen ninety nine and 128 00:11:35,360 --> 00:11:39,480 you'll see that. You know, the stock market has never peaked with the 129 00:11:39,519 --> 00:11:45,240 same level of interest rates twice. What it is is that if you think 130 00:11:45,279 --> 00:11:50,080 the stock market will double next year, you'll pay twenty percent, But if 131 00:11:50,120 --> 00:11:52,200 you think it's not going to go up one percent, you won't pay one 132 00:11:52,240 --> 00:12:00,480 percent. So it's it's really a combination of expectations and whatever the rate is. 133 00:12:00,879 --> 00:12:05,759 So right now, Um, you have to also ask yourself, okay, 134 00:12:05,799 --> 00:12:07,320 fine, I mean I've gotten some people say, well, gee, 135 00:12:07,360 --> 00:12:11,600 you don't think the stock market is going to completely crash? And then what 136 00:12:11,679 --> 00:12:13,919 do you do with the money? You run to bonds? Do you really 137 00:12:13,960 --> 00:12:18,759 want to buy government bonds in this atmosphere? And then they look at well, 138 00:12:18,159 --> 00:12:22,159 no, okay, so what are you going to do? Um? 139 00:12:22,679 --> 00:12:28,440 Question? You know you you you go to cash and to keep bundles to 140 00:12:28,559 --> 00:12:33,240 cash in your house and they cancel it. Uh. It's it's so you 141 00:12:33,399 --> 00:12:37,879 have a lot of people that are diversifying. That's why the real estate market 142 00:12:39,039 --> 00:12:43,919 is up. Um. Antique coins are stuff like this, uh, pretty 143 00:12:45,000 --> 00:12:48,919 much anything off the grid as long as well as the stock market and even 144 00:12:48,960 --> 00:12:54,000 gold. Uh. These are all tend to be tangible assets so to speak. 145 00:12:54,759 --> 00:13:00,200 Um, whereas the traditional flight to quality, as you know, you 146 00:13:00,200 --> 00:13:03,279 sell the stocks and buy the bonds. Well, this time that's not working. 147 00:13:03,559 --> 00:13:07,159 Yeah, nobody wants them. So what about real estate? You know, 148 00:13:07,279 --> 00:13:11,240 we're still having a real estate boom in Florida. Prices are up five 149 00:13:11,320 --> 00:13:18,879 percent year over year, and so far high interest rates have not killed off 150 00:13:18,919 --> 00:13:22,600 the market here and in many other markets. Is that going to continue or 151 00:13:22,799 --> 00:13:28,240 yeah? I mean I spoke to a local realtor that that I know here 152 00:13:28,279 --> 00:13:31,840 in Florida, and he says, the houses that are like one to five 153 00:13:31,919 --> 00:13:37,000 million dollars, people are paying cash. They're not they're not getting mortgages. 154 00:13:37,039 --> 00:13:41,840 They're just paying cash for this stuff. And I would say, really, 155 00:13:41,879 --> 00:13:48,720 what you have is if you look at the data on the Census and everything 156 00:13:48,759 --> 00:13:52,919 else, you'll see there's a massive shift, uh since COVID from the north 157 00:13:52,960 --> 00:13:58,240 to the south. I mean, I had a friend who was, you 158 00:13:58,279 --> 00:14:03,840 know, a an executive VP up at one of the major banks in New 159 00:14:03,919 --> 00:14:07,200 York, and he gave me a call and he says, hey, you 160 00:14:07,240 --> 00:14:09,240 want to go to dinner? I said, oh sure, I thought he 161 00:14:09,360 --> 00:14:13,039 was down here on vacation and so I moved. I should you move? 162 00:14:13,240 --> 00:14:22,960 We can work virtual now. Goldman Sachs moved its most profitable division to Boca 163 00:14:22,039 --> 00:14:28,080 ratan largest fund manager hedge fund manager in New Jersey. Left, I mean 164 00:14:28,120 --> 00:14:33,960 across the states, a couple hundred million dollars in taxes. They're all coming 165 00:14:35,080 --> 00:14:39,039 here, I mean from California. They've been going off to Austin, Texas 166 00:14:39,080 --> 00:14:43,759 mainly. So how are these states where we came from, New Jersey, 167 00:14:43,840 --> 00:14:46,679 New York, how are they going to survive in the future. They have 168 00:14:46,799 --> 00:14:52,440 to do a massive scaling back, a massive cutback, or they're waiting for 169 00:14:52,480 --> 00:14:58,039 another bailout like they got during COVID from the FETs. Yeah. They look, 170 00:14:58,519 --> 00:15:05,039 you're dealing with politics Stians who have no understanding of markets the future. 171 00:15:05,759 --> 00:15:09,120 To them, it's just like they need money. We'll just take us, 172 00:15:09,120 --> 00:15:13,320 turn us upside down and shake everything out of our pockets. That's about it. 173 00:15:13,320 --> 00:15:20,960 You know. There's no fiscal responsibility at all. And that's why the 174 00:15:20,000 --> 00:15:24,559 federal Reserve is in trouble. All right. They can raise rates and we 175 00:15:24,720 --> 00:15:28,080 say, oh gee, that'll make the stock market go down. It doesn't. 176 00:15:28,120 --> 00:15:35,720 Why because they raise rates as supposed to stop us from borrowing. All 177 00:15:35,799 --> 00:15:39,480 right, does it have any impact on the government. This is the exact 178 00:15:39,519 --> 00:15:43,600 opposite. Politicians don't sit there and say, oh, gee, the Fed 179 00:15:43,679 --> 00:15:46,960 raised the rates so they want us to spend less. They don't even pay 180 00:15:46,000 --> 00:15:52,279 attention, you know. They continue down their journey spending and spending. And 181 00:15:52,360 --> 00:15:56,080 because you raise the rates, this is the first time. Now you're going 182 00:15:56,120 --> 00:16:00,720 to have interest expenditures for the United States hit a trillion dollars. I mean, 183 00:16:00,960 --> 00:16:06,399 I remember Ronald Reagan. Everybody got upset of the national deadhead a trillion 184 00:16:06,440 --> 00:16:10,360 dollars back then. Now we're talking about the annual interest rate is a trillion. 185 00:16:10,639 --> 00:16:17,279 Yeah, it's just absurd, the whole thing. Yeah, it certainly 186 00:16:17,399 --> 00:16:21,799 is. So hey AI. We hear about AI every day. I even 187 00:16:21,960 --> 00:16:27,399 use it to take notes on my podcasts and my video cast now, and 188 00:16:27,519 --> 00:16:32,480 it's a big time saver. Basically, it does eighty percent of the job 189 00:16:32,519 --> 00:16:36,120 I used to pay somebody to do. Now I do the extra twenty percent 190 00:16:36,159 --> 00:16:38,960 in a couple of minutes of where do you see all this ending up? 191 00:16:40,559 --> 00:16:45,240 Um? Well, it would be very nice if we've replaced judges and the 192 00:16:45,399 --> 00:16:49,200 government with a high exactly voice it can't be bribed, you know. But 193 00:16:51,799 --> 00:16:56,159 you know, you have to understand, you know, there are some of 194 00:16:56,159 --> 00:17:00,559 these people that you know, talk about AI is like, um, some 195 00:17:00,720 --> 00:17:06,079 major threat like the matrix or something along those lines. Um. It depends 196 00:17:06,359 --> 00:17:11,279 entirely upon what you're going to plug into it. I mean we've been you 197 00:17:11,319 --> 00:17:15,480 know, I've developed AI, you know, from the nineteen seventies, and 198 00:17:15,480 --> 00:17:21,720 our computer is fantastic, but it's limited to the database that we gave it, 199 00:17:21,759 --> 00:17:26,079 which is the world financial markets of all the different countries. It's not 200 00:17:26,160 --> 00:17:32,400 plugged into the Internet. It's not going to answer, Gee, what's Lady 201 00:17:32,440 --> 00:17:40,200 God, God's dog's name or anything of that that nature. But I mean 202 00:17:40,359 --> 00:17:45,319 AI, uh, you know what they're doing, like with the the you 203 00:17:45,359 --> 00:17:49,000 know, the chat type things. I mean, it's it's impressive to somebody 204 00:17:49,119 --> 00:17:55,079 that doesn't really understand the coding behind it. Um. But you know, 205 00:17:55,200 --> 00:18:00,200 it's not really as much of a threat as long as you don't go, 206 00:18:00,519 --> 00:18:06,839 you know, turning it into as far as being in charge of stending missiles 207 00:18:06,880 --> 00:18:11,039 and things of that nature. All right, So uh, but you know 208 00:18:11,079 --> 00:18:15,519 they're using it with drones now. You know, one of the alarming things 209 00:18:15,640 --> 00:18:22,200 I find most alarming about the Ukraine War is these use of drones where you're 210 00:18:22,200 --> 00:18:27,240 going along minding your own business and you know, the thing hits and bum 211 00:18:27,279 --> 00:18:33,319 you know, basically basically they just blow you up. And they could do 212 00:18:33,359 --> 00:18:37,799 these swarms clear out whole cities. I mean, you know, obviously the 213 00:18:37,880 --> 00:18:42,640 sociopaths are running everything and nothing is off the table here Martin, No, 214 00:18:42,839 --> 00:18:49,599 it's not. I mean that's um you have to understand. This is why 215 00:18:49,640 --> 00:18:56,160 they're after Trump so much. And they also would not allow um, you 216 00:18:56,200 --> 00:19:00,799 know, Kennedy to come in. They have control, all right. And 217 00:19:02,039 --> 00:19:04,960 I mean I've met most of heads of state, you know, in the 218 00:19:06,000 --> 00:19:10,319 course of my career. I went to Marl Largo back in March of twenty 219 00:19:10,799 --> 00:19:15,720 and it was the first time I would say that Trump actually impressed me. 220 00:19:15,640 --> 00:19:21,839 He said that he wanted to pull the troops out of Afghanistan because he was 221 00:19:21,880 --> 00:19:27,039 sick and tired of writing letters to families to say their son died for you 222 00:19:27,079 --> 00:19:30,680 know, Goden country. And he actually said, he says, what are 223 00:19:30,680 --> 00:19:34,319 we doing there? They've been fighting over boarders for a thousand years. What 224 00:19:34,519 --> 00:19:37,759 difference, you know, are we going to make? And you know, 225 00:19:37,839 --> 00:19:41,839 John Bolden came out. Oh, this is outrageous. You know, you 226 00:19:41,920 --> 00:19:47,400 know Bolton would basically invade Canada to get one rushing. I mean, you 227 00:19:47,440 --> 00:19:53,279 know, that's basically what they These people always want war, and both Trump 228 00:19:53,319 --> 00:20:00,400 and jet and Kennedy or against war. Uh So when Trump, I mean 229 00:20:00,680 --> 00:20:07,960 that that drone that Iran shot down was unmanned, and Bolton wanted to launch 230 00:20:07,960 --> 00:20:11,400 an attack against Iran and Trump said no, it was an unmanned drone. 231 00:20:11,559 --> 00:20:15,839 Bottle airplane. Yeah, And he said, I'm not going to start a 232 00:20:15,880 --> 00:20:18,839 war because they shot down a drone. But this is what these people want 233 00:20:19,039 --> 00:20:26,319 to. Trump starts firing these uh neo cons and as soon as soon as 234 00:20:26,359 --> 00:20:30,279 Biden came in, they're all back. Victoria Newland is the queen of them. 235 00:20:30,359 --> 00:20:33,799 I mean, she's the number two in the State Department. Now you 236 00:20:33,960 --> 00:20:37,920 just had her loss blinking come out and I couldn't even believe it. I 237 00:20:37,960 --> 00:20:41,759 put it on my blog. He says, well, nuclear war is not 238 00:20:41,880 --> 00:20:48,279 that really big of a deal. It's no worse than climate change. I 239 00:20:48,319 --> 00:20:52,400 mean, I'm like, what, very well, you're not in the area 240 00:20:52,440 --> 00:20:56,160 that's targeted, right, I Mean, this is what these people say. 241 00:20:56,200 --> 00:21:04,200 They just live for war. Honestly, I you know, our computer on 242 00:21:04,319 --> 00:21:12,720 the twenty twenty four election is it shows there's no way possible that the Democrats 243 00:21:12,759 --> 00:21:18,559 could win. Yeah, that's not something that would stop them though. Hey, 244 00:21:18,799 --> 00:21:22,359 Martin Wine, I grew up the Democrats, where the party the anti 245 00:21:22,480 --> 00:21:29,160 war party, and now you know they wholly embrace it. And the whole 246 00:21:29,279 --> 00:21:36,519 military industrial complex is having a field day at the world's expense or getting rid 247 00:21:36,559 --> 00:21:41,759 of all the old Russian weapons. All right, Basically they're all being sent 248 00:21:41,799 --> 00:21:45,759 to Ukraine to get blown up and u and then they have to rearm and 249 00:21:45,799 --> 00:21:51,559 they're not going to buy Chinese weapons, so they're going to buy Western military 250 00:21:51,640 --> 00:21:56,440 weapons because you know what, the whole thing makes me realize that the Cold 251 00:21:56,440 --> 00:22:02,279 War was a complete scam. You know that Russia we're just really never a 252 00:22:02,359 --> 00:22:07,160 threat because technologically, yeah, they could throw waves of people, waves of 253 00:22:07,200 --> 00:22:14,559 troops, but from a technological standpoint, they were generations behind the West's armament 254 00:22:14,640 --> 00:22:19,720 cycle. Well, well, I think basically um NATO is the real threat 255 00:22:21,440 --> 00:22:27,359 because um and the previous book I published the plot to decease Russia. When 256 00:22:27,680 --> 00:22:33,880 I mean the neocons were against Reagan from even meeting with gorbachof oh, you 257 00:22:33,960 --> 00:22:40,400 can't trust the Russian and they were beside themselves and Reagan said, no, 258 00:22:40,480 --> 00:22:44,079 I'm meeting, you know, and because I think Russia's falling apart, and 259 00:22:44,200 --> 00:22:51,359 it was all right, And they were even proposing at that time that Russia 260 00:22:51,480 --> 00:22:55,920 joined NATO. I remember, yeah, and um, you know, effectively, 261 00:22:56,519 --> 00:23:00,480 you know, that ended up being the coup to take down Gorbach because 262 00:23:00,480 --> 00:23:06,279 they were afraid that the hardliners didn't want him joining NATO. And that's basically 263 00:23:06,279 --> 00:23:10,839 what all that stuff was about. But you know, NATO has no purpose 264 00:23:11,440 --> 00:23:15,119 if Russia is not an enemy, so they have to keep that up no 265 00:23:15,160 --> 00:23:18,079 matter what it is. You know, they threatened, oh, Russia is 266 00:23:18,119 --> 00:23:22,960 gonna invade and take all over Europe. The Russian people don't want to do 267 00:23:23,000 --> 00:23:26,920 that any more than the American people want to go and invade Russia and occupy 268 00:23:27,000 --> 00:23:33,920 that country. Those are old days of empire building. I don't think the 269 00:23:33,960 --> 00:23:40,960 population on either side are interested in invading other countries and occupying. That's head 270 00:23:41,079 --> 00:23:45,920 the states that they do that kind of stuff. You know, it's the 271 00:23:45,960 --> 00:23:51,799 concept of cannon fodder kind of came into the existence late eighteen hundreds when you 272 00:23:51,880 --> 00:23:56,720 started getting these you know, basically, I guess Napoleon, but the Civil 273 00:23:56,759 --> 00:24:00,559 War. But you would have thought we had advanced beyond cannon fodder. But 274 00:24:00,720 --> 00:24:07,319 that's what these troops on the front lines of these war of the war are 275 00:24:07,480 --> 00:24:11,359 their cannon fodder. And they're just throwing people into the mix. I mean, 276 00:24:11,440 --> 00:24:15,000 it's yeah, they don't even care, I know, and these are 277 00:24:15,079 --> 00:24:19,160 like but the people care, the people whose sons are going out there to 278 00:24:19,240 --> 00:24:23,480 fight, they care. And you know, it's I find it really distressing. 279 00:24:23,799 --> 00:24:27,559 We're in the twenty first century, we have AI and all these other 280 00:24:27,599 --> 00:24:33,200 things, and yet we're still blowing each other up, seemingly for no purpose 281 00:24:33,319 --> 00:24:40,039 other than perhaps a misguided ideal of reducing world population. Because when you get 282 00:24:40,039 --> 00:24:42,799 down to it, they view us as just a bunch of eaters that take 283 00:24:42,920 --> 00:24:48,039 up valuable resources and don't really produce anything. Well, you know, it's 284 00:24:48,119 --> 00:24:55,200 it's even worse than that. You take Victoria Newland her families from Ukraine, 285 00:24:56,279 --> 00:25:00,799 you know, and it's I mean, there's so any conflicts of interest here 286 00:25:00,920 --> 00:25:07,400 it's absurd. And then you take the dumb boss. They're all Russias that 287 00:25:07,519 --> 00:25:14,319 live there. Russia was right up to the river there of the Tsars before 288 00:25:14,440 --> 00:25:18,440 USSR. That's why you have so many Russians living in that area that was 289 00:25:18,480 --> 00:25:22,680 their country. I have friends here, you know, there's so many Russians 290 00:25:22,799 --> 00:25:27,240 and Ukrainians in Florida. Oh yeah, I mean friends. You know. 291 00:25:29,039 --> 00:25:33,599 I can name off probably close to a dozen people I know from the region. 292 00:25:33,079 --> 00:25:37,039 The weird thing is, I'll say to one guy, well, so 293 00:25:37,079 --> 00:25:40,759 you're Ukrainian. Yeah, I'm Ukrainian, but I grew up in Russia, 294 00:25:41,000 --> 00:25:44,240 and you know I speak Russian. Oh you're Russian. Yeah, I'm Russian, 295 00:25:44,279 --> 00:25:47,359 but I grew up in the Ukraine. And it's like, what's going 296 00:25:47,440 --> 00:25:51,720 on here? These people? It's literally like brother killing brother. You know, 297 00:25:51,759 --> 00:25:56,559 they're all kind of related here, and just find the whole concept of 298 00:25:57,319 --> 00:26:04,000 this war, man and man. The only thing you could say is that 299 00:26:04,279 --> 00:26:08,960 there's certain segments of the population, of business, of industry, the military 300 00:26:10,000 --> 00:26:15,000 industrial complex. They're having a field day because they get all their weapons destroyed, 301 00:26:15,359 --> 00:26:18,279 so a new rearmament cycle, and they get to prove them in the 302 00:26:18,319 --> 00:26:23,359 battle battle testing, because you know, the observers are there watching to see 303 00:26:23,400 --> 00:26:29,799 how everything performs. It's exactly like World War One. If you remember the 304 00:26:29,839 --> 00:26:37,119 fuses in the artillery shells the English I think sold off to the Germans their 305 00:26:37,400 --> 00:26:42,359 munitions companies, and it was a whole scandal and they just keep leaking it 306 00:26:42,400 --> 00:26:47,240 to one another to keep the race going. Well, Martin, I could 307 00:26:47,279 --> 00:26:51,039 talk to you all day, but we don't have time for that. Armstrong 308 00:26:51,200 --> 00:26:55,799 Economics dot com. Next time, I'd like you guys to send in questions. 309 00:26:56,160 --> 00:26:59,759 I'm going to address a list of questions to Martin if you don't mind, 310 00:27:00,039 --> 00:27:03,759 and keep an eye out for the Dedolarization book. I'm excited to see 311 00:27:03,759 --> 00:27:10,279 it. If you got a question for Martin, myself kl Atcarrelets dot com. 312 00:27:10,279 --> 00:27:14,359 And while you're at the site Financial Survival Network dot com, sign up 313 00:27:14,359 --> 00:27:18,240 for your free newsletter. Martin really appreciate it. You'd be well. You 314 00:27:18,319 --> 00:27:21,799 two, thanks a lot, take care of yourself. Thanks for listening to 315 00:27:21,960 --> 00:27:27,079 carry Lets's Financial Survival Network, your solution to today's trying times. For the 316 00:27:27,160 --> 00:27:33,640 latest, go to Financial Survival Network dot com. Financial Survival Network now more 317 00:27:33,680 --> 00:27:34,200 than ever,