1 00:00:00,200 --> 00:00:05,280 Speaker 1: And where I got out of Congress was that we 2 00:00:05,360 --> 00:00:07,799 can't do that because we'd have to lay off fifty 3 00:00:07,839 --> 00:00:11,640 thousand people. So it's never about what's right or wrong 4 00:00:11,800 --> 00:00:15,640 or about the people. Government is not Santa Claus. They're 5 00:00:15,640 --> 00:00:18,719 not here to protect you. They could care less. This 6 00:00:18,760 --> 00:00:21,000 is all about than retaining power. That's it. 7 00:00:21,199 --> 00:00:24,960 Speaker 2: You are listening to Carrie let'sa's Financial Survival Network where 8 00:00:25,039 --> 00:00:28,440 you get valuable information. You just can't find anywhere else 9 00:00:29,000 --> 00:00:32,600 to thrive in today's trying times. You need the Financial 10 00:00:32,679 --> 00:00:37,759 Survival Network now more than ever. Go to Financial Survivalnetwork 11 00:00:37,799 --> 00:00:41,520 dot com and get your free newsletter and gift. Financial 12 00:00:41,679 --> 00:00:45,119 Survival Network now more than ever. 13 00:00:48,640 --> 00:00:52,679 Speaker 3: And welcome you are listening to and watching the Financial 14 00:00:52,719 --> 00:00:53,640 Survival Network. 15 00:00:53,640 --> 00:00:56,640 Speaker 4: I'm your host, Carrie Letz. Martin Armstrong is with us. 16 00:00:56,679 --> 00:00:59,920 Speaker 3: Now we're going to be talking about Trump's first two weeks, 17 00:01:00,399 --> 00:01:05,680 the tariffs, what is happening, the inevitable recession? Isn't inevitable? 18 00:01:06,239 --> 00:01:09,680 And is there anything that can be done? Are the cycles? 19 00:01:10,159 --> 00:01:13,280 The cycles rule? And that's it. Bartie. It's great to 20 00:01:13,280 --> 00:01:16,599 have you back on the show. So quite quite a 21 00:01:16,640 --> 00:01:18,120 show for the past two weeks. 22 00:01:18,200 --> 00:01:22,480 Speaker 1: Huh oh yeah, very interesting the Chinese curse. Right, maybe 23 00:01:22,480 --> 00:01:24,280 we live in interesting times. 24 00:01:24,799 --> 00:01:28,480 Speaker 3: Especially if you're an FBI agent where you work for 25 00:01:28,519 --> 00:01:29,840 the Department of Justice. 26 00:01:30,640 --> 00:01:33,280 Speaker 4: You got real interesting times there. Huh. 27 00:01:33,319 --> 00:01:36,519 Speaker 1: Well, they from the getting what you know, they deserve. Actually, 28 00:01:36,599 --> 00:01:42,120 and I don't know, it's people have to understand about 29 00:01:43,120 --> 00:01:47,760 government agencies. The same thing applies to NATO et cetera. 30 00:01:48,319 --> 00:01:50,840 I mean it just take NATO as an example, and 31 00:01:50,920 --> 00:01:54,319 they were created when there was communists and communism failed. 32 00:01:54,680 --> 00:01:57,840 We really don't need NATO anymore, all right, And I've 33 00:01:57,879 --> 00:02:01,799 seen the internal memos. How do we remain relevant? The 34 00:02:01,840 --> 00:02:05,079 only way they remain relevant is by scaring the hell 35 00:02:05,079 --> 00:02:09,400 out of everybody. Oh, Russia's going to come in, Ukraine falls, 36 00:02:09,400 --> 00:02:11,560 They're going to take the rest of Europe. I mean, 37 00:02:11,919 --> 00:02:15,080 it's just so send us money. They got to keep 38 00:02:15,080 --> 00:02:18,719 their jobs. That's what this is all about. And every 39 00:02:18,879 --> 00:02:23,439 agency is the same. I've said before. Back in the eighties, 40 00:02:23,879 --> 00:02:27,439 you know, after the eighty seven you know crisis, the 41 00:02:27,599 --> 00:02:31,599 crash there, the SEC was blaming the CFTC. SEEFTC was 42 00:02:31,599 --> 00:02:35,080 BLAMINGCC you know, and I said, look, we should just 43 00:02:35,199 --> 00:02:41,080 merge the two. And I said, everybody has one regulator 44 00:02:41,719 --> 00:02:46,879 and where I got out of Congress was that we 45 00:02:46,919 --> 00:02:49,360 can't do that because we'd have to lay up fifty 46 00:02:49,400 --> 00:02:53,199 thousand people. So it's never about what's right or wrong 47 00:02:53,319 --> 00:02:57,199 or about the people. Government is not Santa Claus. They're 48 00:02:57,199 --> 00:03:00,199 not here to protect you. They could care less. This 49 00:03:00,319 --> 00:03:02,159 is all about them retaining power. 50 00:03:02,199 --> 00:03:04,240 Speaker 4: That's it. I don't think they're. 51 00:03:04,319 --> 00:03:07,000 Speaker 1: All these agencies that you're going to see those going 52 00:03:07,039 --> 00:03:08,439 into it's going to be the same thing. 53 00:03:08,879 --> 00:03:11,520 Speaker 3: Yeah, you think does is going to fail because right now, 54 00:03:12,240 --> 00:03:16,080 as of last night, it looks like they eliminated the USAID, 55 00:03:16,360 --> 00:03:21,039 which has been a deep state slush fund for over 56 00:03:21,120 --> 00:03:24,800 sixty years. In fact, it was started by Kennedy during 57 00:03:24,840 --> 00:03:29,000 the Cold War and it's really outlived its usefulness. But 58 00:03:29,080 --> 00:03:33,280 now we find out they're funneling money, laundering money all 59 00:03:33,280 --> 00:03:39,639 over the planet. They're feeding the prosecutors that were waging 60 00:03:39,719 --> 00:03:44,120 law fair against Trump. They were doing it the Wuhan lab. 61 00:03:44,680 --> 00:03:49,719 They funded Bill Crystal, I mean, the immigrants coming in, 62 00:03:49,759 --> 00:03:55,000 the illegal alien invasion. They've been financing that. So it 63 00:03:55,039 --> 00:03:58,680 looks like they're finished now maybe it's the first of 64 00:03:58,759 --> 00:04:01,439 a lot more. I mean, Marty, can they really cut 65 00:04:01,479 --> 00:04:03,080 a trillion dollars off the budget. 66 00:04:03,479 --> 00:04:06,599 Speaker 1: Oh they could, so will they be assassinated and trying 67 00:04:06,639 --> 00:04:10,039 to doce it? 68 00:04:10,639 --> 00:04:11,919 Speaker 4: Yeah? I mean yourselves. 69 00:04:13,159 --> 00:04:17,959 Speaker 1: Look just look at the testimony. A day before nine eleven, 70 00:04:18,639 --> 00:04:22,519 you had Rumsfeld. I think it was some two trillion 71 00:04:22,560 --> 00:04:26,040 dollars was missing from the Pentagon budget, right missing, he 72 00:04:26,199 --> 00:04:31,519 testified before Congress. Oh this is outrageous. I promise we'll 73 00:04:31,560 --> 00:04:35,959 start an investigation. You know tomorrow. What happens the plane 74 00:04:35,959 --> 00:04:39,279 to hit the Pentagon hit the very room where all 75 00:04:39,319 --> 00:04:43,000 the records were. Oh, so sorry, we can't do that now, 76 00:04:43,879 --> 00:04:48,199 I mean, how you know? And they still say the 77 00:04:48,240 --> 00:04:52,519 Pentagon can't account for trillions of dollars? How you know? 78 00:04:54,240 --> 00:04:56,560 Speaker 4: Did they failed the last seven audits? Right? 79 00:04:57,279 --> 00:04:59,680 Speaker 1: Yeah? I mean, look the irs comes in the audit. 80 00:04:59,680 --> 00:05:02,439 You're this is all I can't account for that. I 81 00:05:02,480 --> 00:05:04,600 don't think you're going to remain in business very law. 82 00:05:07,160 --> 00:05:08,040 Speaker 4: You'll be gone. 83 00:05:08,720 --> 00:05:11,240 Speaker 1: Yeah, they'll lock you up, they'll you know, shut your 84 00:05:11,279 --> 00:05:13,600 things down. You can't have SYLG. 85 00:05:14,000 --> 00:05:14,199 Speaker 4: You know. 86 00:05:14,399 --> 00:05:18,480 Speaker 1: Sorry, I didn't have time to do my accounting. You know, 87 00:05:18,920 --> 00:05:23,839 the excuses for them are substantially different. For us, we 88 00:05:23,839 --> 00:05:25,639 would be looking at jail time. 89 00:05:27,439 --> 00:05:30,680 Speaker 3: Yeah, well, maybe some of them. Are you know there's 90 00:05:31,000 --> 00:05:35,319 purges taking place at the FBI and the DOJ. And 91 00:05:35,519 --> 00:05:41,839 based on your personal experience with these these agencies, I'm 92 00:05:41,839 --> 00:05:45,040 sure you're taking a little happiness in that. 93 00:05:45,959 --> 00:05:49,680 Speaker 1: People don't understand how it works. I mean, they're up 94 00:05:49,720 --> 00:05:54,560 for sale. And in my case, I went to this 95 00:05:55,040 --> 00:05:58,839 reverse profer or. They're telling you why you should take 96 00:05:58,879 --> 00:06:03,000 a deal. Admit, Oh, we know, we didn't take any money. 97 00:06:03,079 --> 00:06:06,079 I mean, no shit, Okay, how do you get a 98 00:06:06,079 --> 00:06:08,240 billion dollars out of the bank and nobody knows where 99 00:06:08,279 --> 00:06:11,399 it is. It's impossible, all right, you had to wire 100 00:06:11,439 --> 00:06:13,519 it out. They didn't get it out of one dollar bills, 101 00:06:13,560 --> 00:06:19,000 you know, But they're paid for it by the banks. 102 00:06:19,560 --> 00:06:25,040 That's it, you know, the bank stole the money you 103 00:06:25,199 --> 00:06:30,879 any reason. In my case, I met with my clients. 104 00:06:30,920 --> 00:06:33,680 I said, you have to sue the bank. They did, 105 00:06:34,240 --> 00:06:36,399 then they put a gag order on me to prevent 106 00:06:36,480 --> 00:06:39,680 them from helping my own clients. Yeah, I mean, it 107 00:06:40,600 --> 00:06:44,600 all to protect the bank, you know. And it's then 108 00:06:44,639 --> 00:06:48,040 the bank gets to pleate guilty. Nobody goes to jail, 109 00:06:48,959 --> 00:06:52,759 no fines, nothing, no fine, just return the money that 110 00:06:52,759 --> 00:06:56,920 the stole. When I asked the lawyer in New York. 111 00:06:57,000 --> 00:06:59,360 I said, you know, how come no bank wherever goes 112 00:06:59,399 --> 00:07:02,399 to jail. Quite frankly, he said, you don't ship where 113 00:07:02,399 --> 00:07:02,759 you eat. 114 00:07:03,680 --> 00:07:07,240 Speaker 3: Uh And and you know, the Southern District has always 115 00:07:07,240 --> 00:07:09,600 been the focal point. 116 00:07:10,519 --> 00:07:14,360 Speaker 1: It's one of the most corrupt in the country. You 117 00:07:14,399 --> 00:07:19,040 can even google us versus Zicatello. The judge gets caught 118 00:07:19,240 --> 00:07:24,360 changing the transcripts. Now, if you or I changed court records, 119 00:07:24,480 --> 00:07:26,519 it's a jail sentence. 120 00:07:28,240 --> 00:07:33,800 Speaker 3: As attorney, certify the accuracy of what you're producing in 121 00:07:33,839 --> 00:07:34,399 New York State. 122 00:07:34,519 --> 00:07:39,480 Speaker 1: And the Second Circuit simply says, we know this is 123 00:07:39,519 --> 00:07:43,439 a practice in the Southern District in New York. It's 124 00:07:43,560 --> 00:07:47,079 rather unique. We suggest that they stop, but we don't 125 00:07:47,399 --> 00:07:50,600 think we have the power to order judges to obey 126 00:07:50,639 --> 00:07:54,560 the law. I mean, you just can't make up this stuff, 127 00:07:55,240 --> 00:08:00,040 you know, as a Trump walked into with that. The 128 00:08:00,079 --> 00:08:03,800 judge wasn't even a judge. He was a prosecutor acting 129 00:08:03,920 --> 00:08:06,920 as a judge. How does he get the most important 130 00:08:06,959 --> 00:08:11,120 case in New York City history as an acting judge. 131 00:08:12,120 --> 00:08:17,040 Speaker 3: I mean, it just you can't make the difference. The 132 00:08:17,079 --> 00:08:21,680 difference is that Trump won, you know, he beat them 133 00:08:21,680 --> 00:08:23,240 all how did he do it? 134 00:08:23,279 --> 00:08:27,360 Speaker 1: When he won the election? They were really scrooge. But 135 00:08:28,439 --> 00:08:30,519 I could tell you what they were saying in DC. 136 00:08:30,720 --> 00:08:34,360 They brought all this stuff against him. Oh if we 137 00:08:34,480 --> 00:08:36,720 make him a fill and no, we will vote for him. 138 00:08:36,759 --> 00:08:38,080 This is what they really believed. 139 00:08:38,399 --> 00:08:40,240 Speaker 4: And the opposite effect. 140 00:08:41,120 --> 00:08:47,600 Speaker 1: Yeah, it's you know, even in my case. I did 141 00:08:48,320 --> 00:08:51,279 a conference in twenty eleven because they wanted to do 142 00:08:51,399 --> 00:08:53,759 this movie and I was told you'd be lucky if 143 00:08:53,799 --> 00:08:56,559 twenty five people show up. Anymore. We had over a 144 00:08:56,600 --> 00:08:59,879 thousand people and I was shot and I asked him, 145 00:09:00,039 --> 00:09:02,200 I said, what why did you come? I said, was 146 00:09:02,240 --> 00:09:06,279 really stunned, and they said I wanted to make sure 147 00:09:06,320 --> 00:09:10,000 it was really you. Anybody can put it on this thing, 148 00:09:10,159 --> 00:09:13,600 just says Martin Ormstrong. I said, boor, you guys really 149 00:09:13,600 --> 00:09:15,960 don't trust government, do you? It is in no way, 150 00:09:16,879 --> 00:09:19,320 But you know, I never thought of it from that perspective. 151 00:09:19,519 --> 00:09:23,120 Speaker 4: It was like Marty, Yeah, you're a beacon. 152 00:09:23,240 --> 00:09:25,960 Speaker 3: I mean I see the comments pop up on YouTube, 153 00:09:26,639 --> 00:09:31,440 and you know they're controlled opposition. You know, don't just 154 00:09:31,559 --> 00:09:36,039 say this stuff. They're still but evidently you have a pass. 155 00:09:36,159 --> 00:09:39,039 Now they're through with you. They're onto other things. I 156 00:09:39,039 --> 00:09:41,320 guess right, well, I think that. 157 00:09:43,080 --> 00:09:45,320 Speaker 1: It's it's gotten down to the point they just want 158 00:09:45,360 --> 00:09:49,919 to know what the computer says anymore. Before it was 159 00:09:50,039 --> 00:09:53,200 like we want the code. Now I'm not giving you 160 00:09:53,279 --> 00:09:56,960 the code. And I think they thought that they could 161 00:09:57,159 --> 00:10:02,120 just you know, yeah, you know, it's first of all, 162 00:10:02,320 --> 00:10:06,559 you give them the code, that's the only thing you have. Yeah, 163 00:10:06,840 --> 00:10:09,480 then what good are you afterwards? And then you know, 164 00:10:09,600 --> 00:10:10,639 you end up in the ditch. 165 00:10:11,200 --> 00:10:12,600 Speaker 4: Do you have any regrets? 166 00:10:12,919 --> 00:10:17,320 Speaker 1: No, I mean I think everything worked out the way 167 00:10:17,360 --> 00:10:21,720 it was supposed to work out. You know, my lawyer, 168 00:10:22,399 --> 00:10:25,600 Richard Oltman, they went after their lawyers to remove them, 169 00:10:26,440 --> 00:10:31,519 and his parting words to me was you should have fled. 170 00:10:31,759 --> 00:10:35,399 I said, what you should have went to England. They 171 00:10:35,399 --> 00:10:37,000 would have had to put on a real case to 172 00:10:37,039 --> 00:10:41,679 get you back. And it says New York is just 173 00:10:41,840 --> 00:10:45,679 forget it. They practiced law their way. It's different than 174 00:10:45,720 --> 00:10:48,399 the rest of the country. That's why when they charged 175 00:10:48,440 --> 00:10:50,440 Trump up there, I said the same thing, He's going 176 00:10:50,519 --> 00:10:53,480 to get to see what New York really is. It's 177 00:10:53,480 --> 00:10:54,279 just successful. 178 00:10:54,919 --> 00:10:55,240 Speaker 4: You know. 179 00:10:56,039 --> 00:10:59,159 Speaker 3: You know, your case, Marty Ryan reminds me a lot 180 00:10:59,200 --> 00:11:03,399 of the Jason you know. Yeah, that they pulled on 181 00:11:03,559 --> 00:11:08,080 you is exactly what they did to them. 182 00:11:08,159 --> 00:11:11,519 Speaker 4: Holding him with no charges. Yeah, holding him. 183 00:11:12,200 --> 00:11:16,799 Speaker 3: You know, guy's a cop, is a licensed FFL dealer. 184 00:11:16,919 --> 00:11:19,840 Speaker 4: I mean this article just appeared. It was nauseating. 185 00:11:20,080 --> 00:11:25,080 Speaker 3: They raided his house seven times marty and he was 186 00:11:25,159 --> 00:11:29,240 charged with a misdemeanor trespassing. He never went in to 187 00:11:29,639 --> 00:11:33,039 the Capitol building. He was on the West Lawn after 188 00:11:33,120 --> 00:11:35,960 they opened the gates up, the guards. The police opened 189 00:11:35,960 --> 00:11:38,000 the gates up, and he just walked over there and 190 00:11:38,000 --> 00:11:43,440 took pictures. They confiscated his video and the things that 191 00:11:43,679 --> 00:11:48,159 these j sixers went through is identical to your your 192 00:11:48,279 --> 00:11:48,840 journey here. 193 00:11:50,039 --> 00:11:54,799 Speaker 1: Look, I've seen them. You wouldn't believe what they do. 194 00:11:54,960 --> 00:12:03,120 I mean, there is several months your trials with people 195 00:12:03,159 --> 00:12:11,799 in jail for conspiracy to murder. The judge. They prosecuted 196 00:12:12,559 --> 00:12:17,120 I think two or three mafia families and after the 197 00:12:17,159 --> 00:12:19,480 first one, the judge goes, oh, yes, I know this case. 198 00:12:19,519 --> 00:12:21,360 This is where we don't have a body and nobody 199 00:12:21,360 --> 00:12:24,679 knows actually who did it? Right? Correct? They just give 200 00:12:24,720 --> 00:12:30,440 a theory. All they did was find in his car 201 00:12:30,480 --> 00:12:34,320 at the airport. They don't have a body. They didn't 202 00:12:34,320 --> 00:12:37,320 know if he really left or not. And they came 203 00:12:37,440 --> 00:12:40,600 up with three different theories for each mafia family why 204 00:12:40,600 --> 00:12:46,639 they would like to have killed them. And you just 205 00:12:46,759 --> 00:12:49,399 go down the line. I mean people think, oh, well, 206 00:12:49,440 --> 00:12:52,399 they can listen to my phone calls. I have nothing 207 00:12:52,440 --> 00:12:56,080 to hide. Oh really, what they do is they you 208 00:12:55,639 --> 00:12:59,159 you're on the phone, say bring me honey, pick up 209 00:12:59,200 --> 00:13:02,120 a you know, pizzas on the way home. That's a 210 00:13:02,200 --> 00:13:06,039 code word for keys of cocaine. In my vast years 211 00:13:06,080 --> 00:13:09,879 of experience, this is what goes on. They just lie 212 00:13:09,919 --> 00:13:13,279 about absolutely everything. They don't need anything. 213 00:13:15,159 --> 00:13:17,519 Speaker 4: So how do we add is Trump? 214 00:13:18,080 --> 00:13:23,200 Speaker 3: Uh basically, how does he clean up the judicial system? 215 00:13:23,240 --> 00:13:27,480 If we don't fix that, then nothing else really matters here. 216 00:13:27,799 --> 00:13:31,360 I mean, look, they're judges that put the j sixers 217 00:13:32,159 --> 00:13:38,000 in prison. You know, it was just shocking. They've denied 218 00:13:38,120 --> 00:13:43,000 every single motion that they made, and you know, even 219 00:13:43,000 --> 00:13:45,519 to the point where they wouldn't allow their lawyers from 220 00:13:45,639 --> 00:13:49,960 out of state to represent them. So people were forced 221 00:13:49,960 --> 00:13:53,080 to either use the public defender, which is just like saying, 222 00:13:53,200 --> 00:13:56,600 just take me away to jail, or spend hundreds of 223 00:13:56,639 --> 00:14:01,320 thousands of dollars on local council there. And look, I've 224 00:14:01,360 --> 00:14:04,000 been in a lot of cases. It's like there's never 225 00:14:04,080 --> 00:14:06,279 an issue as long as a lawyer is in good 226 00:14:06,360 --> 00:14:11,840 standing to have him admitted prohac vice. It's called you know, right. 227 00:14:12,279 --> 00:14:14,600 Speaker 4: And they wouldn't do it. I mean, it was so 228 00:14:14,960 --> 00:14:18,279 corrupt there. And only. 229 00:14:19,440 --> 00:14:22,799 Speaker 1: You can you can deal with this is that one. 230 00:14:22,960 --> 00:14:27,440 No prosecutor should be allowed to indict anybody. It should 231 00:14:27,480 --> 00:14:32,240 go to a committee. The committee has to vote to indict, 232 00:14:32,679 --> 00:14:38,000 because what happens is that prosecutor indicts you finds out 233 00:14:38,039 --> 00:14:41,320 that you're innocent. And there are numerous cases like this 234 00:14:42,000 --> 00:14:45,240 in Boston and they awarded a jury over one hundred 235 00:14:45,279 --> 00:14:49,879 million dollars to a family because they prosecuted somebody they 236 00:14:49,960 --> 00:14:54,720 knew was innocent and he died in prison. Really all right, 237 00:14:56,120 --> 00:15:02,519 and it probably becomes they will not admit a mistake 238 00:15:02,559 --> 00:15:10,519 because then their personal career is affected. And court appointed 239 00:15:10,559 --> 00:15:15,840 lawyers absolutely worthless, worthless. They are just paid to do 240 00:15:15,960 --> 00:15:24,559 whatever the government says. And you know, look, General Flynn, 241 00:15:26,159 --> 00:15:28,879 he's got out a documentary the same thing. You do 242 00:15:29,080 --> 00:15:34,559 not hire a law firm from the same city. Why 243 00:15:38,000 --> 00:15:41,120 in my case I was had Tender green Blatt in 244 00:15:41,120 --> 00:15:45,759 New York. They're all talking about how the judges acting illegally, 245 00:15:46,360 --> 00:15:49,440 and I said, well, file a motion to recuse. Oh 246 00:15:49,519 --> 00:15:52,919 we can't do that. Why oh, because the rest of 247 00:15:52,919 --> 00:15:57,600 the judges will prejudice our firm. So, in other words, 248 00:15:57,639 --> 00:16:03,759 because of your firm, I can't get good representation. Frank 249 00:16:03,799 --> 00:16:08,320 Watron hired a firm, you know, Kecker out of San 250 00:16:08,360 --> 00:16:13,399 Francisco to defend him in New York. Then that firm 251 00:16:13,840 --> 00:16:16,519 made a motion to recuse. We had the same judge 252 00:16:17,720 --> 00:16:21,919 and went up to the to to recuse the guy. 253 00:16:22,960 --> 00:16:25,440 The judge is Richard Owen. You can also google that. 254 00:16:26,000 --> 00:16:29,200 The things that he ended up with, you know, hint dementia. 255 00:16:29,879 --> 00:16:31,759 He would forget who the heck I was. 256 00:16:33,639 --> 00:16:37,399 Speaker 3: Hey, I'll never forget the first time I went into 257 00:16:37,480 --> 00:16:40,440 federal court, you know, as an attorney, and there's a 258 00:16:40,480 --> 00:16:45,480 guy ahead of me arguing emotion and he says to 259 00:16:45,559 --> 00:16:48,559 the judge, judge, this is the law in this case. 260 00:16:49,120 --> 00:16:51,519 And the judge looks at him, and he takes off 261 00:16:51,559 --> 00:16:54,480 his glasses and he stares at him for a minute 262 00:16:54,480 --> 00:16:58,000 and he says, young man, in this courtroom, I. 263 00:16:57,799 --> 00:16:59,399 Speaker 4: Am the law. Yeah. 264 00:16:59,519 --> 00:17:02,720 Speaker 3: This is It's like, oh my goodness, man, this is 265 00:17:02,759 --> 00:17:05,440 like a different world than I'm used to. You know, 266 00:17:05,519 --> 00:17:09,720 there's no you know, federal judges appointed for life, and 267 00:17:11,200 --> 00:17:14,160 they take that very seriously, which means they're all carried 268 00:17:14,200 --> 00:17:20,599 out in a box. That's how they leave the Federal bench. Look, it's. 269 00:17:22,440 --> 00:17:26,440 Speaker 1: My case is probably a record. If I went up 270 00:17:26,480 --> 00:17:30,759 to the Supreme Court again, two justices would have to 271 00:17:30,759 --> 00:17:34,039 retuce Satima's side of my word was on my case 272 00:17:34,440 --> 00:17:38,440 and Kagan. Kagan was the Solicitor General when I finally 273 00:17:38,480 --> 00:17:41,720 got to the Supreme Court. She's the one that told 274 00:17:41,799 --> 00:17:44,240 New York you better release this guy. I'm not going 275 00:17:44,319 --> 00:17:47,279 to argue. How are you keeping somebody in prison on 276 00:17:47,400 --> 00:17:51,640 an eighteen month statue for seven years? We're not charges. 277 00:17:53,960 --> 00:17:56,680 So she had she ordered, I'm not going to argue 278 00:17:56,680 --> 00:18:00,119 for you. They had to release. That was it. If 279 00:18:00,160 --> 00:18:02,359 I never got to the Supreme Court, they would have 280 00:18:02,480 --> 00:18:05,519 simply let me die in a cell. That's just the 281 00:18:05,559 --> 00:18:10,519 way you were kid. Wow, when your lawyer in New 282 00:18:10,599 --> 00:18:15,440 York tells you be careful when you walk into your cell, 283 00:18:15,680 --> 00:18:19,319 always turn the light on before you go in, I said, why, 284 00:18:19,559 --> 00:18:23,000 because they will try to kill you. They put baby 285 00:18:23,039 --> 00:18:26,880 oil in the light bulb you go into the cell. 286 00:18:27,319 --> 00:18:29,640 They locked the door, You turn on the light and 287 00:18:29,680 --> 00:18:32,079 explosi you and burned the desk. I said, oh, that's 288 00:18:32,200 --> 00:18:38,119 very nice. I mean it's ruin Epstein just where they 289 00:18:38,160 --> 00:18:41,200 put him. I knew there's nobody that is going to 290 00:18:41,359 --> 00:18:46,680 have any possibility of bringing those people on to the 291 00:18:46,759 --> 00:18:51,279 stand to testify. Bill Clinton, et cetera. Not going to happen. 292 00:18:52,000 --> 00:18:53,519 Speaker 4: It's days were dumb going this. 293 00:18:53,599 --> 00:18:55,920 Speaker 1: If he was guilty or not, there was never going 294 00:18:55,960 --> 00:18:57,519 to be a trial for that guy. Never. 295 00:18:58,119 --> 00:19:04,799 Speaker 3: So let's talk investing gold, stock market cryptos because Trump 296 00:19:04,799 --> 00:19:07,160 seems to be in love with cryptocurrencies. 297 00:19:10,599 --> 00:19:17,240 Speaker 1: Look, Trump, I, in all honesty, is living in an 298 00:19:17,240 --> 00:19:24,279 ancient world. His tariffs, all this stuff. It's back with 299 00:19:24,440 --> 00:19:31,599 the old economic theories that you know, we put on 300 00:19:31,720 --> 00:19:41,319 towers to protect domestic jobs. Cryptocurrency, sorry, it's not economically feasible. 301 00:19:42,039 --> 00:19:46,759 All right. He seems to have been bought into this 302 00:19:46,960 --> 00:19:49,839 all this nonsense. And some of you want to let 303 00:19:49,920 --> 00:19:53,279 him know. The bitcoin is actually created by the intelligence agencies. 304 00:19:53,319 --> 00:19:55,200 There's a white paper on it that was put out 305 00:19:55,200 --> 00:20:00,880 in nineteen ninety six, so we know where there was 306 00:20:00,960 --> 00:20:05,519 never any fictional Japanese guy they created it. I mean, 307 00:20:07,039 --> 00:20:10,200 if some guy created blockchain. Why isn't he out there 308 00:20:10,240 --> 00:20:13,519 were suing for you know, hundreds of millions of dollars 309 00:20:13,559 --> 00:20:18,240 for for rights. I mean it's uh, it was created 310 00:20:18,319 --> 00:20:23,519 by it came out basically the NSA, and the whole 311 00:20:23,519 --> 00:20:29,599 purpose of it is it's been governments, you know, a 312 00:20:29,720 --> 00:20:33,440 long time dream. I hand you one hundred dollar bill, 313 00:20:33,440 --> 00:20:35,599 they don't know where it came from. I give you 314 00:20:35,640 --> 00:20:37,640 one hundred bitcoin, you know where I got it from? 315 00:20:37,720 --> 00:20:41,359 And everybody else down the line? Did everybody pay their 316 00:20:41,400 --> 00:20:45,799 taxes on the you know, they went, you know, ten 317 00:20:45,839 --> 00:20:49,400 percent every time it trained you do a transaction that 318 00:20:49,480 --> 00:20:52,759 original one hundred dollar bill, after ten people they had 319 00:20:52,799 --> 00:20:54,039 they own one hundred percent of them. 320 00:20:54,400 --> 00:21:00,599 Speaker 3: Yeah, so all right, so stock market, he said, sixty 321 00:21:00,640 --> 00:21:03,720 five thousand by twenty thirty two, you're sticking with that. 322 00:21:04,640 --> 00:21:08,960 Speaker 1: Yeah, Look, when it was twenty we said we're going 323 00:21:09,000 --> 00:21:12,400 to know. Our first target was forty we rostic. 324 00:21:12,200 --> 00:21:15,599 Speaker 4: I remember forty five. What you happen? You said between 325 00:21:15,680 --> 00:21:17,079 twenty two and twenty four. 326 00:21:18,200 --> 00:21:24,079 Speaker 1: What you have to understand is that sixty five thousand 327 00:21:24,279 --> 00:21:30,920 forecast is not just the stock market. You're also forecasting 328 00:21:31,000 --> 00:21:36,319 the purchasing power of the of the currency. You know 329 00:21:36,480 --> 00:21:40,440 if the currency drops by fifty percent value, all right, 330 00:21:40,480 --> 00:21:46,279 you're in eighty thousand. Because everything has a international value 331 00:21:46,359 --> 00:21:53,200 to it. And so we have to understand that we're 332 00:21:53,240 --> 00:21:59,240 in a in a cycle and nobody's been able to 333 00:21:59,319 --> 00:22:02,599 ever beat the business cycle. I mean that was marked 334 00:22:02,640 --> 00:22:05,519 his idea. Keynes also came up with it will smooth 335 00:22:05,559 --> 00:22:10,480 it out. Arthur Burns, who was the FED chairman when 336 00:22:10,599 --> 00:22:14,720 Brenton Woods collapsed, he came out and said, look, the 337 00:22:14,720 --> 00:22:20,920 business cycle always wins, all right. Paul Voker put out 338 00:22:21,640 --> 00:22:25,599 a book, Rediscovery the Business Cycle in seventy eight. Paul 339 00:22:25,680 --> 00:22:28,000 came out. I even spoke to him. He says, look, 340 00:22:28,000 --> 00:22:31,960 your model is correct. I agree, there's an an eight 341 00:22:32,079 --> 00:22:37,279 year business cycle because everything's involved in it, from war 342 00:22:37,480 --> 00:22:43,039 to climate, you name it, fiscal mismanagement by government. But 343 00:22:43,799 --> 00:22:47,000 we have to understand that the crash that is coming 344 00:22:47,119 --> 00:22:53,200 is going to be in the debt markets. It's government. 345 00:22:53,279 --> 00:22:56,079 It's not going to be the stock market. Everybody keeps 346 00:22:56,119 --> 00:22:59,440 looking at oh a sockomart is going to crash like 347 00:22:59,480 --> 00:23:02,440 it did in in nineteen twenty nine. U has had 348 00:23:02,440 --> 00:23:07,880 to balance budget, right, we don't have that today. This 349 00:23:07,960 --> 00:23:11,079 is why the central banks are in trouble, pot raises 350 00:23:11,200 --> 00:23:13,799 interest rates to try and fight inflation and creates more 351 00:23:15,279 --> 00:23:18,119 Why because basically the government is the biggest bart win 352 00:23:18,200 --> 00:23:21,599 a room. So we have a trillion dollars and interest 353 00:23:21,680 --> 00:23:25,359 expenditures this year, then next year you got to pay 354 00:23:25,400 --> 00:23:32,279 interest on that trillion besides the debt. It just multiplies, right, 355 00:23:32,640 --> 00:23:35,039 you know, the debt were more than double by the 356 00:23:35,079 --> 00:23:36,359 time we get to there. 357 00:23:37,000 --> 00:23:41,160 Speaker 3: Okay, So your concept of like passing out like stock 358 00:23:41,279 --> 00:23:46,960 investment certificates to cash out the debt, is that viable? 359 00:23:47,160 --> 00:23:48,160 Speaker 4: Can that be done? 360 00:23:48,880 --> 00:23:51,279 Speaker 1: Yeah? Sure, that's the only way to get out of this. 361 00:23:51,759 --> 00:23:55,039 Speaker 4: But that's the market will blast off, right. 362 00:23:57,319 --> 00:24:00,839 Speaker 1: Well, yeah, look, you got thirty four ty dollars in 363 00:24:00,920 --> 00:24:06,279 government debt. That's just in the US, all right. If 364 00:24:06,279 --> 00:24:10,799 that wasn't there and they could only invest in the 365 00:24:10,839 --> 00:24:14,359 private sector, your mortgage rates would be a lot lower 366 00:24:15,519 --> 00:24:18,920 because you're competing with the government, crowding out, and the 367 00:24:18,920 --> 00:24:21,319 government's going to you know, a bank is going to say, well, 368 00:24:21,400 --> 00:24:24,680 they're triple a, why should I give it to you 369 00:24:24,720 --> 00:24:26,640 at the same rate. You gotta give me a premium 370 00:24:26,680 --> 00:24:31,440 to give you a mortgage, all right, They're competing with 371 00:24:31,680 --> 00:24:38,200 everybody small businesses, homeowners, et cetera. You eliminate that government debt. 372 00:24:39,319 --> 00:24:43,279 That money would then be freely invested privately. It won't 373 00:24:43,279 --> 00:24:45,839 be just all the stock market, but in real estate 374 00:24:45,880 --> 00:24:49,160 et cetera. Everything will benefit. You'll create more jobs. 375 00:24:49,599 --> 00:24:52,759 Speaker 4: So it just you're printing more money or how does 376 00:24:52,839 --> 00:24:53,880 this work? Exactly? 377 00:24:55,759 --> 00:24:59,960 Speaker 1: Well, Actually, if we had printed the money instead of barrow, 378 00:25:01,400 --> 00:25:04,359 the debt would be at least half what or we're 379 00:25:04,400 --> 00:25:10,279 at now. Why mainly because when you borrow it, you're 380 00:25:10,279 --> 00:25:14,680 paying interest on it, and it's just multiplying, all right, 381 00:25:15,000 --> 00:25:19,400 at eight percent, you double your your the debt within 382 00:25:19,519 --> 00:25:20,799 less than less than ten. 383 00:25:20,720 --> 00:25:22,599 Speaker 4: Years interest on all right. 384 00:25:23,599 --> 00:25:26,200 Speaker 1: Yeah, it's it's complicated. 385 00:25:26,279 --> 00:25:26,480 Speaker 4: You know. 386 00:25:28,640 --> 00:25:34,200 Speaker 1: They basically borrowed rather than printing because of an old theory. 387 00:25:36,960 --> 00:25:39,000 And these are the theories that go back to when 388 00:25:39,000 --> 00:25:40,720 we were on a gold standard, et cetera. 389 00:25:42,759 --> 00:25:43,279 Speaker 4: If we. 390 00:25:44,799 --> 00:25:49,000 Speaker 1: Effectively just borrow the money, we're taking money out. 391 00:25:48,839 --> 00:25:50,839 Speaker 4: Of the system. All right. 392 00:25:52,000 --> 00:25:56,960 Speaker 1: But if you had a one hundred dollar you know 393 00:25:57,160 --> 00:25:59,799 e bond and you went to the bank in the sixties, 394 00:26:00,079 --> 00:26:03,519 say kenya, I borrow fifty dollars against the answer was no, 395 00:26:04,319 --> 00:26:09,039 it was illegal. So after Bretton woods. Debt is now 396 00:26:09,160 --> 00:26:12,240 just money that pays interest. You went trade futures, you 397 00:26:12,319 --> 00:26:18,119 can post t bills. There's no distinction between them. So 398 00:26:18,240 --> 00:26:22,279 the old theory of it's less inflationary to borrow than 399 00:26:22,319 --> 00:26:25,519 the print doesn't work anymore. And now it's more inflationary 400 00:26:25,920 --> 00:26:31,200 because now you're just creating money that pays interest, and 401 00:26:31,240 --> 00:26:34,200 then the other central banks hold it as their reserves. 402 00:26:35,119 --> 00:26:38,440 So then what you know, at times more and half 403 00:26:38,440 --> 00:26:42,119 of the the interest expenditures that we have made go 404 00:26:42,240 --> 00:26:46,599 outside the country, so it doesn't even stimulate the domestic economy. 405 00:26:48,240 --> 00:26:53,000 You know, the economy has grown, it's evolved, and nobody 406 00:26:53,079 --> 00:26:59,599 seems to have paid attention. Yeah, they just still keep 407 00:26:59,640 --> 00:27:04,960 operating under these old theories. And that's my concern with Trump. 408 00:27:07,279 --> 00:27:11,440 You know, he doesn't realize. I mean there's even made 409 00:27:11,799 --> 00:27:15,720 comments that, oh, we want to lower dollar so we 410 00:27:15,759 --> 00:27:19,599 can reduce the trade deficit. Fine, I've been calling that. 411 00:27:19,799 --> 00:27:22,519 I can't tell you how many crises over that same 412 00:27:22,640 --> 00:27:29,319 stupid statement. All right, Yes, I warned them when they 413 00:27:29,359 --> 00:27:31,759 did that in nineteen eighty five. They're going to stand 414 00:27:31,839 --> 00:27:34,000 up and Pasi courts ay're gonna lower the dollar by 415 00:27:34,039 --> 00:27:37,359 forty percent. I wrote to President Reagan, I s you 416 00:27:37,440 --> 00:27:39,839 do this, you're gonna create a crash within a couple 417 00:27:39,880 --> 00:27:44,319 of years. That was the eighty seven crash. Why they 418 00:27:44,480 --> 00:27:47,720 sold a third in national debt to Japan. Now you're 419 00:27:47,759 --> 00:27:49,400 gonna stand up there and say, well, we're going to 420 00:27:49,440 --> 00:27:51,720 lower the value of the dollar by forty percent. You're 421 00:27:51,880 --> 00:27:58,200 they're gonna sell, They're gonna lose money, all right. So 422 00:27:58,839 --> 00:28:01,680 when you talk about lowering the value of the dollar 423 00:28:03,079 --> 00:28:07,000 to help the trade deficit, you're only looking at one aspect. 424 00:28:07,039 --> 00:28:10,400 What about all the money that has come in real estate, 425 00:28:10,519 --> 00:28:17,039 stock market, debt, market from overseas. You lower the dollar, 426 00:28:17,119 --> 00:28:21,200 they lose money, they sell and they leave, right. You know, 427 00:28:21,279 --> 00:28:23,839 it's not just what you can sell. How many more 428 00:28:23,839 --> 00:28:30,920 widgets to somebody else? You know, it is so asinine, 429 00:28:31,319 --> 00:28:35,440 you know, it's hard to imagine how such stupidity and 430 00:28:35,559 --> 00:28:41,200 government exists. Yeah, I mean, these people shouldn't be remotely 431 00:28:41,319 --> 00:28:45,960 close to any legislation that creates anything to do with the. 432 00:28:45,920 --> 00:28:47,440 Speaker 4: Economy, that's for sure. 433 00:28:47,920 --> 00:28:53,519 Speaker 3: So one final question gold silver, Where you know record 434 00:28:53,839 --> 00:28:57,200 high gold prices? Now, are we going over three thousand, 435 00:28:57,799 --> 00:28:58,480 five hundred? 436 00:28:58,680 --> 00:29:02,400 Speaker 4: Where is it it? Look? 437 00:29:02,599 --> 00:29:08,960 Speaker 1: Gold goes up mainly because of geopolitical issues. The big 438 00:29:09,039 --> 00:29:14,440 problem with gold immediately is that as the dour goes up, 439 00:29:15,519 --> 00:29:20,680 gold goes down. All right, So what counter acts that 440 00:29:21,480 --> 00:29:26,920 is war. If you look at gold went from one 441 00:29:27,000 --> 00:29:30,160 hundred nineteen seventy six to four hundred December seventy nine, 442 00:29:30,680 --> 00:29:32,720 but it went from four hundred to eighty seventy five 443 00:29:32,799 --> 00:29:38,039 in the last six weeks. Why all right, because that's 444 00:29:38,039 --> 00:29:40,680 my rush invaded Afghanistan. 445 00:29:40,400 --> 00:29:41,519 Speaker 4: Right I remember? 446 00:29:41,599 --> 00:29:45,880 Speaker 1: All right, so you have to understand that Europe is 447 00:29:45,960 --> 00:29:50,480 being of war drums. Europe is in serious economic trouble. 448 00:29:53,680 --> 00:29:57,440 I was just actually this morning, I was on a 449 00:29:57,519 --> 00:30:03,559 zoom call for Europe and they're basically saying, look, everybody 450 00:30:03,680 --> 00:30:06,599 knows they can feel it in their in their in 451 00:30:06,640 --> 00:30:10,240 their gut. This is going to collapse, you know. They 452 00:30:12,119 --> 00:30:16,319 they can't keep the union going. Uh. There's there's people 453 00:30:16,599 --> 00:30:22,720 are blaming each other. The climate change was nonsense. Germany, 454 00:30:22,759 --> 00:30:27,400 which is the biggest uh economy for the EU, won 455 00:30:27,519 --> 00:30:32,039 the US bull up ward nord Stream one, warpstream two 456 00:30:32,319 --> 00:30:36,799 is there, all right, Uh, but the Germans have voluntarily 457 00:30:36,839 --> 00:30:40,799 cut it off because we have to do sanctions against Russia. 458 00:30:41,559 --> 00:30:46,720 All right, Climate change you know, because of the Japanese 459 00:30:46,839 --> 00:30:52,039 nuclear accident. Merkel goes, oh, no nuclear plants, that's dangerous, 460 00:30:52,359 --> 00:30:55,960 So no nukes, no coal. She puts up all these 461 00:30:55,960 --> 00:31:03,920 windmills that don't create anything, all right. And so Germany 462 00:31:04,640 --> 00:31:09,279 has been the quarterstone of the EO economy. It is 463 00:31:09,440 --> 00:31:14,400 actually shrunk by three percent. So it's between COVID and 464 00:31:14,519 --> 00:31:17,640 all this stuff. You put so many small businesses out 465 00:31:17,680 --> 00:31:22,640 of out of work. This is not working, all right. 466 00:31:23,599 --> 00:31:29,440 And unfortunately, what you're looking at is is as Europe 467 00:31:29,519 --> 00:31:33,440 begins to crumble, that capital is going to flow to 468 00:31:33,519 --> 00:31:38,000 the US and push the dollar up again, as it 469 00:31:38,079 --> 00:31:41,119 did with World War one world War two. So we 470 00:31:41,279 --> 00:31:46,599 have to pay attention here. Gold will eventually go up. 471 00:31:47,200 --> 00:31:49,599 We still see it, you know, going up to like 472 00:31:49,680 --> 00:31:53,960 five thousand. You know, when you look further out, it's 473 00:31:54,039 --> 00:31:58,480 just a function of the value of the purchasing value 474 00:31:58,480 --> 00:32:04,640 of the dollar itself. Uh, even the bricks. A little 475 00:32:04,680 --> 00:32:07,279 over fifty percent of the world population is now under 476 00:32:07,279 --> 00:32:12,480 the bricks. Why because basically our neo cons only look 477 00:32:12,519 --> 00:32:16,279 at war. They's threatened to take They took Russia out 478 00:32:16,279 --> 00:32:20,160 of the Swift system, and that red flag to everybody 479 00:32:20,160 --> 00:32:23,799 else if we don't do as the United States says, 480 00:32:24,079 --> 00:32:29,480 they'll take us out. So then China, China, which held 481 00:32:29,559 --> 00:32:33,519 ten of the debt you have blinking out there saying 482 00:32:34,119 --> 00:32:37,759 if you help, Russia will do this to you. Smart guy, 483 00:32:38,759 --> 00:32:42,319 I mean to they create their chip system and that's it. 484 00:32:42,799 --> 00:32:46,759 Speaker 3: Yeah, all right, Well, I think we covered a lot there, 485 00:32:47,680 --> 00:32:51,039 all of you out there. My book with Martin is 486 00:32:51,079 --> 00:32:54,519 going to be published, hopefully the next two or three weeks. 487 00:32:54,559 --> 00:32:58,480 If you're interested, shoot me an email kl at Kerrie 488 00:32:58,559 --> 00:33:02,559 LUTs dot com, or go to Financial Survival Network dot 489 00:33:02,599 --> 00:33:04,119 com and sign up for. 490 00:33:04,119 --> 00:33:04,960 Speaker 4: Your free newsletter. 491 00:33:05,039 --> 00:33:08,279 Speaker 3: You'll automatically get a couple of chapters for free, and 492 00:33:08,680 --> 00:33:12,000 make sure you go to Marty's site Armstrong Economics dot 493 00:33:12,039 --> 00:33:16,440 com sign up for his daily missives. It's must reading, 494 00:33:17,079 --> 00:33:19,839 and Marty it's if nothing else, it's going to be 495 00:33:19,960 --> 00:33:23,400 interesting for the next four years. We'll see what happens next. 496 00:33:23,880 --> 00:33:29,119 Speaker 1: Well, I'm fortunately going into a worldbie session and it's 497 00:33:29,160 --> 00:33:31,839 not going to bottom until twenty twenty eight. But it's 498 00:33:31,880 --> 00:33:36,279 more than just Trump. This is an economic decline, probably 499 00:33:36,359 --> 00:33:40,480 led by more than Europe than anybody else. 500 00:33:40,559 --> 00:33:43,000 Speaker 4: Most likely makes a lot of sense. We'll talk to 501 00:33:43,079 --> 00:33:44,400 you again soon, be well. 502 00:33:44,319 --> 00:33:46,960 Speaker 1: Be well, Thanks a lot, nice to see you over there. 503 00:33:47,160 --> 00:33:51,759 Speaker 2: Take care, Thanks for listening to carry Letz's Financial Survival Network, 504 00:33:51,920 --> 00:33:55,880 your solution to today's trying times. For the latest, go 505 00:33:55,960 --> 00:34:01,839 to Financial Survivalnetwork dot com. 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