Speaker 1: I mean it's always the same thing. You can go
Speaker 1: to two Deallos, which was like the Temple of Apollo,
Speaker 1: was kind of like the funeral Reserve. Ancient times, they listed,
Speaker 1: you know, how many states barred from them and defaulted.
Speaker 1: It was the first you know, sovereign default of the
Speaker 1: fourth century BC. So nothing's ever changed. This has been
Speaker 1: going on for a long time.
Speaker 2: You were listening to Carrie Lutz's Financial Survival Network, where
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Speaker 3: Welcome. It is Financial Survival Network of your host, Carrie Lutz.
Speaker 3: Martin Armstrong is on with us. Now, why are you,
Speaker 3: like you taking a couple of centimeters away from I
Speaker 3: don't know what was going to happen to the country,
Speaker 3: but look, we can only imagine now, and I guess
Speaker 3: that's a good thing, right true.
Speaker 1: I mean, I think you know, the director just with
Speaker 1: the Secret Service just resigned today. I mean it's you know,
Speaker 1: I looked at her testimony before Paulina from you know,
Speaker 1: the representative from Florida there, and she basically called her
Speaker 1: out as a perjurer. You know, she said, you know,
Speaker 1: I understand you've been directed not to answer by Garlett.
Speaker 1: I mean, it's I mean, this is you know, it
Speaker 1: just seems like we're back to JFK times where you know,
Speaker 1: nobody really knows what's going on. And I hope it
Speaker 1: doesn't take us more than sixty years to find out
Speaker 1: the truth.
Speaker 3: You think it's amazing like RF caging here could not
Speaker 3: get Secret Service protection until now, and then we find
Speaker 3: out that the Secret Service agents guarding Trump had been
Speaker 3: asking for additional support almost from the beginning of the campaign,
Speaker 3: and they've repeatedly refused it.
Speaker 1: You know, I understand that they're I mean, look, the
Speaker 1: country is extremely polarized, there's no question about that. But
Speaker 1: it's not just the United States. You go to Europe,
Speaker 1: it's the same thing. I mean, as you know, we
Speaker 1: have offices around the world, and honestly, I don't know
Speaker 1: anybody in any country that's not, you know, arguing against
Speaker 1: their government, and it just seems to be the issue.
Speaker 1: Maybe may differ, but I think the confidence in everybody's
Speaker 1: government is just collapsing. Everyone nobody trust them anywhere, right, Yeah,
Speaker 1: I mean it's.
Speaker 3: In the world where government maybe Argentina.
Speaker 1: Now right, that's about the only exception right right now.
Speaker 1: But I mean I just got back from Europe and
Speaker 1: it's just unbelieved. I mean, they had an electionnaire on
Speaker 1: on the ninth, June ninth, and that was like they
Speaker 1: were beside themselves. Everybody flipped one way. France, uh, you know,
Speaker 1: moved excessively against Penn. Uh. Now they're looking at you know,
Speaker 1: the whole thing just being gridlock. H I mean, it's
Speaker 1: written flips. I mean, it's it's not even a particular
Speaker 1: philostopical left or right type thing. It's just more or
Speaker 1: less whoever's in power just throw them out. I think
Speaker 1: that's basically what's going on.
Speaker 3: Hey, So what's the computer saying now that we have
Speaker 3: the assassination attempt? You said that like last time, like
Speaker 3: Biden had an eight percent approval rating. That mean so
Speaker 3: that probably Harris has about six and maybe she had
Speaker 3: us eight the same eight percent like our predecessor. Do
Speaker 3: you think that Biden was going to step aside before
Speaker 3: the election, because because rumor is now that he's on
Speaker 3: his dead bed.
Speaker 1: I don't know about that, but they may use that
Speaker 1: as some sort of an excuse it politically, you know.
Speaker 1: I mean from the beginning of this year, I've warned that, look,
Speaker 1: this was all going to be a set up. The
Speaker 1: Democrats wouldn't allow any other Democrat on the ticket, and
Speaker 1: that was for this purpose, right, and Biden was to
Speaker 1: hold out until the Republican convention to make sure the
Speaker 1: Republicans don't even even know who the run against. Right,
Speaker 1: And you know, I've you know, put it out several
Speaker 1: times that you know, there's different parties that are looking
Speaker 1: at trying to get into power. Hillary's in there as well.
Speaker 3: Uh.
Speaker 1: And you know, basically what Hillary was hoping for was
Speaker 1: that she would be drafted and take the magnanimous role. Oh,
Speaker 1: I don didn't really want to do this, but I'm
Speaker 1: doing it for the country, you know, I'm here to
Speaker 1: save everybody, you know, that sort of thing. Camilla was
Speaker 1: basically saying that she's in it for the game. I
Speaker 1: mean it, this is nobody knows what's going to really
Speaker 1: happen at the convention. It's going to be an open convention.
Speaker 1: So she's claiming she has delegates already lined out for
Speaker 1: the nomination. Uh, it's look, the computer has not changed.
Speaker 1: I stated at the beginning of this year that I
Speaker 1: was kind of surprised because the computer had, you know,
Speaker 1: two of its six models that Trump would get sixty
Speaker 1: one percent and another one of fifty nine, the two
Speaker 1: that showed a democratic when we're basically just one take apart.
Speaker 1: So it showed, long before this attempted assassination, that you're
Speaker 1: looking at a sharp swing and the model doesn't care
Speaker 1: who the candidate is, if his Trump or another Republican.
Speaker 1: It's not on a personal level. It's just basically showing
Speaker 1: that kind of what we're seeing around the world. Whoever's
Speaker 1: in Howard throw them out. So I think, you know,
Speaker 1: we're just seeing than you know in Canada and Europe.
Speaker 1: I mean in Canada, you know, I mean they just
Speaker 1: want to go after Trudeau, like a really road of France.
Speaker 1: We're looking at it. I mean, it's so I think
Speaker 1: that's what the computers basically showing that the Republicans should win,
Speaker 1: and that we're looking at a a sizable win, which
Speaker 1: is unusual. And I say that because if you look
Speaker 1: at most of the elections, you'll see like Obama one
Speaker 1: fifty one and a half percent. You know, that's about it.
Speaker 1: You know, it's it's usually very close, and they claim
Speaker 1: that one or two percent that they got it is
Speaker 1: a mandate, you know, to oppress the other side, you know,
Speaker 1: which is not only three presidents ever got more than
Speaker 1: sixty percent. That was FDR one time Johnson after Kennedy
Speaker 1: was assassinated, which I got psissippusy vote, and Richard Nixon
Speaker 1: when he said he's going to take us out of Vietnam.
Speaker 3: Yeah, any you.
Speaker 1: Know anything else has always been just a few points
Speaker 1: above the other one.
Speaker 3: That's it.
Speaker 1: So with a computer at this show, sixty one for
Speaker 1: one and fifty nine, that's a pretty sizable difference, which
Speaker 1: I say hasn't been seen since last time was Richard Nixon.
Speaker 3: Yeah, that's amazing, gat And it kind of makes sense,
Speaker 3: you know what the debate performance, I mean, it just
Speaker 3: smells of a setup. But Marty Lake, why are they
Speaker 3: having the convention in Chicago? All right? Chicago, Illinois is
Speaker 3: a democratic state. It's you know, no swing state, no
Speaker 3: benefit there. And setting the debates early to eliminate him,
Speaker 3: I think that was in the cards. And who in
Speaker 3: is from Chicago. So everybody's theorizing Michelle Obama is going
Speaker 3: to make an appearance here and come in. But what
Speaker 3: they're neglecting, I think at this point is momentum is
Speaker 3: built behind Trump, plus the fact that a certain segment
Speaker 3: of our government apparently wanted to take him out. So
Speaker 3: they don't like that. They don't like seeing political violence
Speaker 3: in the US. And you know, is Kamala Harris really
Speaker 3: going to be the candidate or is it going to
Speaker 3: be Michelle Obama? I don't think shall rot if she
Speaker 3: doesn't believe one hundred percent she can win. That's my take,
Speaker 3: because being defeated by Donald Trump would scar her for life.
Speaker 1: Well, I think you're correct in the fact that the debates.
Speaker 1: If you recall the beginning of the year, there were
Speaker 1: going to be no debates, and Biden was saying, oh,
Speaker 1: Trump isn't worthy to even debate. So all of a sudden,
Speaker 1: you know that they created a debate, which was unprecedented
Speaker 1: because you don't debate before you were even a candidate.
Speaker 1: All right, you debate the other people in your in
Speaker 1: the primary, but you don't you know, this is the
Speaker 1: first time there was a presidential debate before either one
Speaker 1: was ever nominated. Usually they come afterwards. So that was
Speaker 1: a setup and then he was I'm in it for
Speaker 1: the long haul, and he only drops out after the
Speaker 1: r NC takes place. So I mean they did this
Speaker 1: even with the Feinstein from California. They told her, you know, stay,
Speaker 1: do not, you know, die in office because you know,
Speaker 1: basically otherwise a republic can take your seat. I mean,
Speaker 1: these people who eat their own you know, they don't
Speaker 1: care about the individuals I really feel sorry for. By
Speaker 1: that mean, yeah, I'm all a trash to guy.
Speaker 3: You really feel bad for. He had no business running.
Speaker 3: In twenty twenty, I wrote an article while the Emperor
Speaker 3: has no cortex deally with exactly this and any It
Speaker 3: was plain to anyone who ever had an elderly relatives
Speaker 3: in a nursing home that this guy was not up
Speaker 3: to the task. There's no question. So what my audience,
Speaker 3: what you guys out there want to know is what
Speaker 3: does it mean for the economy, What does it mean
Speaker 3: for the markets? What does it mean for assets for gold, crypto,
Speaker 3: all that stuff with the impending election or re election
Speaker 3: of Trump. And what's really interesting we should note is
Speaker 3: the last time president's sort of non consecutive terms was
Speaker 3: back in the day of Grover Cleveland, and he was
Speaker 3: the only ext president quarter president to run against an
Speaker 3: incumbent president. And in many ways this has a lot
Speaker 3: of parallels. I know, you're into economic history and history
Speaker 3: in general. Tell us what you think about that.
Speaker 1: Well, I mean, yes, that it was Grover Cleveland who
Speaker 1: was a Democrat and back then it was the Silver
Speaker 1: Democrats that were inflating the economy, and he ran and
Speaker 1: in the Panic of eighteen ninety three, he's basically land
Speaker 1: blasted them and he said that you know, this is
Speaker 1: you know, unsound finance is what is destroying the country.
Speaker 1: And what is interesting from that point of of perspectives
Speaker 1: there is that that's when there was a march on
Speaker 1: Washington by a business small businessman named cox Law and
Speaker 1: they gathered, you know, lots of people and they ended
Speaker 1: up there in Washington. They eventually rested him to shut
Speaker 1: down free speech. Oh he walked on the grass, you know,
Speaker 1: so they threw him in briefly for that.
Speaker 3: The sun familiar, doesn't it.
Speaker 1: I mean, yeah, look, you know it's always the same.
Speaker 1: If you got a million laws everybody, you know, there's
Speaker 1: a book out I think everybody creates uh, you know,
Speaker 1: something like fifty felonies a day. You just don't know it.
Speaker 3: We're not but you're time you wake up, until you
Speaker 3: you go to the bathroom, you committed five or six right.
Speaker 1: Oh yeah, look you can. You know, there's so many
Speaker 1: laws on so many different things. It's crazy, and I
Speaker 1: mean you know, and and they're all every country is
Speaker 1: the same. You go to to to Switzerland, Uh, it's
Speaker 1: illegal to do your washer on a Sunday's legal for
Speaker 1: a man to get up in the middle of the
Speaker 1: night stand in urine because that might make too much
Speaker 1: noise to offend the neighbor next door. I mean, you
Speaker 1: can't even make up some of this stuff.
Speaker 3: I mean war because with all these old people, half
Speaker 3: that jails would be filled with old people getting up
Speaker 3: in the middle of the night to urinate.
Speaker 1: Right, And it's always been the joke about what are
Speaker 1: you in prison for? I ripped the tag off the
Speaker 1: off the pillow, you know, right.
Speaker 3: Tag?
Speaker 1: Right, Yeah, you get five years in jail for that one.
Speaker 1: You know, this has been a set up. People really
Speaker 1: should be outraged because this is just a backroom deal. Oh,
Speaker 1: we're defending democracy. They wanted to remove Trump from the ballot.
Speaker 1: We're defending democracy. Really, you keep the RFK off the ballot?
Speaker 1: Uh about democracy? I mean, and you only have one choice.
Speaker 1: And then they say, oh, you know, eliminated it all
Speaker 1: his his competition, So of course he wanted eighty eight percent.
Speaker 1: Well isn't that what Biden did? Only one guy who
Speaker 1: they take it exactly the same thing. So it's it's
Speaker 1: not Biden so much. This is the back room deals
Speaker 1: and people have to understand that the swamp is really
Speaker 1: in control. And that's what Trump didn't quite get. He thought,
Speaker 1: try writing to your right.
Speaker 3: He thought he could make a deal with the swamp.
Speaker 3: But you know, when you make it.
Speaker 1: Andy, can't you know, tried writing a letter or contacting
Speaker 1: your representative. You got to get past their staff. Yeah,
Speaker 1: all right, you'll never get to talk to them and
Speaker 1: their staff basically or the swamp they are there all
Speaker 1: the time. They just moved from Canaday to candidate, and
Speaker 1: they control everything. They control what the politicians even allowed
Speaker 1: to hear. People don't realize. I mean, I've been down
Speaker 1: you know, Washington, and I've seen it firsthand. So I mean,
Speaker 1: this is the likelihood we're going to get even a
Speaker 1: mini crash going into September. Uh. These people are the
Speaker 1: whole attempt on on Trump's life is because he is
Speaker 1: anti war, the same as JFK. All right, So they
Speaker 1: basically have wanted to keep get him off the ballot everything.
Speaker 1: They've done everything they possibly can. Garland has been behind
Speaker 1: the all the lawsuits against Trump. He's in contempt of Congress,
Speaker 1: refuses to turn over evidence, all right, and you know
Speaker 1: they recommend that he'd be prosecuted. But he's in charge
Speaker 1: of the DJ, and the DJ has never bet to
Speaker 1: prosecute their own I mean, it's this whole thing, is it? Look?
Speaker 1: I mean, we the computer basically shows that's what I've
Speaker 1: been saying that we're we're publics are the most corrupt
Speaker 1: form of government in history because everybody's basically for sale.
Speaker 1: You know, you've got a deep state that gets in there,
Speaker 1: and it's all just going to crash and burn from
Speaker 1: this type of activity. You can't get anywhere, We'll never
Speaker 1: get performed. You take what's going on here with war?
Speaker 1: Why do they need war? All right? We know that
Speaker 1: when you and I were younger, every everybody was intri
Speaker 1: did in you know, World peace nobody's interested world peace anymore?
Speaker 1: Why and now it's just war war war. I mean,
Speaker 1: as I said, I just got back from Europe and
Speaker 1: NATO is preparing at rapid speed for war. Our staff
Speaker 1: in Germany it just told me that one of her friends,
Speaker 1: who was fifty nine years old was called up. They're
Speaker 1: calling up nine hundred thousand people in Germany for war
Speaker 1: or what? And up to sixty years old?
Speaker 3: Are they going to Ukrainian? Is that the point of this.
Speaker 1: Ukraine has just been the vanguard. Nobody cares about Ukrainians.
Speaker 1: They really don't care, all right. If they ever cared,
Speaker 1: they would, you know. Look, over a million have now died,
Speaker 1: all right. There was a piece deal on the table.
Speaker 1: Boris Johnson hopped on the plane, went over, told Zelenski
Speaker 1: you can't you know, that's it. You got to kill it.
Speaker 1: We don't want peace Ukrainians that I know, basically are
Speaker 1: you know they now understand they're not in control of
Speaker 1: their own country.
Speaker 3: No.
Speaker 1: Zelensky has has suspended all elections because you know he
Speaker 1: would be thrown out. The people voted for peace and
Speaker 1: they cannot have peace. Over ten million have been had
Speaker 1: lost their homes and moved You've got nearly ten million
Speaker 1: that have fled the country. I mean, this is you know,
Speaker 1: where is this beneficial to Ukraine? It's not all this
Speaker 1: has been about. You even have Lindsey Graham. You know
Speaker 1: a video I put it on our site. He's in
Speaker 1: a meeting with Zolensky. Yeah, and he basically says, you know,
Speaker 1: we're you know, this is the best money we ever
Speaker 1: spent killing Russians. This is it. I mean, if you
Speaker 1: said that, you know, on the street in the United States,
Speaker 1: it's a hate crime. They get away with it all
Speaker 1: the time. This is about going after Russia.
Speaker 3: Period.
Speaker 1: I mean I was down in DC when Reagan was
Speaker 1: elected and they were all upset about that, and I said,
Speaker 1: what's the problem. They said, oh, you don't understand. I said, well, okay,
Speaker 1: if I tell me, what's the issue. Oh, he's a governor. Yeah,
Speaker 1: they said, he's a governor. We're going to have to
Speaker 1: train him. I said, what, they don't like anybody from
Speaker 1: outside of Washington. That's why they don't like Trump. They
Speaker 1: don't like RFK. Same thing, all right, So what we're
Speaker 1: looking at here is really I mean, it is a coup.
Speaker 1: They basically want to have everything their way, and a
Speaker 1: lot of people don't understand what is the real role
Speaker 1: with the president. He sets up a cabinet, the head
Speaker 1: of all these agencies, and he's really the referee because
Speaker 1: they're all like two year old children. Every one of
Speaker 1: them wants its own way, all right. So just look
Speaker 1: you've got you got blaken in charge of the State Department.
Speaker 1: He's a real neocon. He's threatening every world war everywhere
Speaker 1: he can uh threatening China over Taiwan. But China is
Speaker 1: the number one holder you with his debt. Yeah, so
Speaker 1: then you have Jennet Yellen and not being on a
Speaker 1: plane running over there, please continue to buy our debt.
Speaker 1: They dump fifty three billion in the first quarter, and
Speaker 1: then you know, you have you know them saying, let's see,
Speaker 1: you want us to buy one hundred billion of your
Speaker 1: debts so you can buy missiles to shoot us. I mean,
Speaker 1: it's just it's Washington is in complete chaos. They are
Speaker 1: afraid of Trump. Yeah, because Trump it would you know,
Speaker 1: he's basically said eat in the war, and all you
Speaker 1: gotta do is honor the Mens agreement. That's it, and
Speaker 1: or would be over.
Speaker 3: Remember when did Kennedy get taken out? When he said,
Speaker 3: I'm bringing home the advisors, and he wouldn't bomb. Also,
Speaker 3: he wouldn't bomb the Bay of Pins, And all of
Speaker 3: a sudden he was gone. When did Nixon get removed
Speaker 3: when he threatened to go public with the with the
Speaker 3: plan that was executed to take out Kennedy? Right? I mean,
Speaker 3: am I off the wall?
Speaker 1: Here?
Speaker 3: Am I just a crazy conspiracy?
Speaker 1: No? I mean there's there's tapes. There's tapes on that.
Speaker 1: The head of the CIA was in his office and
Speaker 1: he said to him, I know who killed JFK. And
Speaker 1: I mean the the so called burglars that flumbled water date.
Speaker 1: I mean as it was like an amateuristic job and
Speaker 1: three of them were x C. I A come on?
Speaker 3: And who was at the who was actually at the
Speaker 3: Daley Plaza? Right? It was he Howard Hunt And we
Speaker 3: have a deathbed confession for him. And hey, the CIA
Speaker 3: created the term conspiracy theorists to deal with people who
Speaker 3: didn't believe the results of the Warren can In. Is
Speaker 3: that true? Yeah?
Speaker 1: Yeah, I mean this is you know, as soon as
Speaker 1: they start calling it a conspiracy theory, I see shirts
Speaker 1: like I need more conspiracy theories because they'll come true.
Speaker 3: Says I identify as a conspiracy theorist. My pronouns are
Speaker 3: told you so.
Speaker 1: Yeah, I mean, I that's I mean they want war.
Speaker 1: You have these neo cons and I know some of them.
Speaker 1: Bill Crystal's father basically is credited with starting them. And
Speaker 1: I know Bill. We even spoke at one of our conferences.
Speaker 1: He wanted to take out sam Hussein Kadafi and Asad
Speaker 1: and I argued with him. He said, oh, we take
Speaker 1: them out, they would create piece in the Middle East.
Speaker 1: I said, no, it's not. You can't change regimes, all right.
Speaker 1: You know you look at the suit. You know that.
Speaker 1: You know what's the difference with Iran? They're Sheli versus Sunni.
Speaker 1: This is like Catholic versus Protestant. You know you're not
Speaker 1: going to solve that exactly. I mean even in Germany
Speaker 1: it's the same. I was in Bavaria and they said, oh,
Speaker 1: it's a holiday today. I said, what's the holiday? We
Speaker 1: won the war? I said, which word is this? Oh
Speaker 1: against Prussia because Bavarious Catholic in the north is Protestant.
Speaker 3: I mean, so what does it mean for me? Trump
Speaker 3: gets a leted, are we going to have just more chaos?
Speaker 3: Because now it sounds like he's gonna win with a
Speaker 3: mandate that we haven't seen in a long time. Is
Speaker 3: that going to be enough to shut them up? Or
Speaker 3: are they going to be after from day one?
Speaker 1: No, they're going to be after him for day one.
Speaker 1: There's too much. There's Look, these people have been at
Speaker 1: this their whole life. They hate Russia, they hate China.
Speaker 1: They were communists. My opinion from actually talking to these people,
Speaker 1: I think when Kruse Chef came out and said we
Speaker 1: will you know, we're going to bury you, they got all,
Speaker 1: you know, rowled up and said, well, we're going to
Speaker 1: spread democracy to the world, all right, Well when communism shall?
Speaker 1: They didn't stop all right? Like I said, when I
Speaker 1: was down there with Reagan, Reagan wanted to go meet
Speaker 1: with Gorbachev. Their advice, I can tell you, was don't
Speaker 1: go to meet with him. You can never trust the Russian.
Speaker 1: And he didn't listen, and he went and the Berlin
Speaker 1: Wall fell. If he listened to them, the Berlin Wall
Speaker 1: would still be up. But we're still be in a
Speaker 1: Cold war. But honestly, the only thing I can explain
Speaker 1: why these people are just so just warmongers is that
Speaker 1: they grew up hating communists, yeah, McCarthy era and all
Speaker 1: that stuff, and then when communism fell all by itself,
Speaker 1: I think they just got mad. They didn't get to
Speaker 1: shoot anybody. They've always just wanted war, that's it. So
Speaker 1: I think that's that's the issue, and they're not going
Speaker 1: to give this up. They hate Russians, period. And look,
Speaker 1: I mean you take where I find strange. You have Garland,
Speaker 1: you have Blincoln, and you have Victoria Nulip. All three
Speaker 1: of them trace their heritage to Ukraine, and all three
Speaker 1: of them say that the Russians persecuted their families. How
Speaker 1: did three of them? How does three of them get
Speaker 1: that close to power? Unless this was designed question, It's
Speaker 1: just I don't know. It just seems that they have
Speaker 1: weaseled their way all the way up to the top
Speaker 1: to carry out personal vendettas. I suppose. I don't know.
Speaker 1: I just find it very, very strange, and I don't
Speaker 1: see them backing off. I think plan B is to
Speaker 1: start some sort of a war before Trump takes office,
Speaker 1: to try to trap them into it. They're already beginning
Speaker 1: to row out the things that uh, you know, because
Speaker 1: he wants peace. Oh he's a puppet of Putin, so
Speaker 1: you know expect that one uh and uh. They just
Speaker 1: want war and simple as that. And I don't think
Speaker 1: they're going to stop. I think be very careful because
Speaker 1: I think they're going to try to set up some
Speaker 1: sort of a false flag in August, you know, to September.
Speaker 1: The market probably would have a mini crash going into that.
Speaker 1: Usually markets will decline first on a on a prospective war,
Speaker 1: and then later resettle and then begin to rally. So
Speaker 1: I you know, you know we're we're clearly going into session.
Speaker 1: The computer showing that into twenty twenty eight. And look,
Speaker 1: these people have created the inflation. But with the sanctions
Speaker 1: that they imposed on Russia, I've only backfired on the
Speaker 1: West but economically, but also it created the bricks. China
Speaker 1: and other countries started saying, wait a minute, if you're
Speaker 1: going to use the dour as as a weapon, then
Speaker 1: yoused to start dividing the world economy. When Russia went
Speaker 1: into Crimea back in twenty fourteen, Obama went to Swift
Speaker 1: and wanted to have them removed, and they refused to
Speaker 1: do so. They replaced the head of Swift in twenty nineteen.
Speaker 1: He does whatever they want. He destroyed the world economy.
Speaker 1: This is no longer a global tread.
Speaker 3: Yeah, so there's a noottle coming back from this, that
Speaker 3: is there.
Speaker 1: I don't think. So you're going to head into particularly
Speaker 1: with war, and you got NATO. Honestly, NATO is moving
Speaker 1: so rapidly to war. They're giving Ukraine every option to
Speaker 1: go ahead and invade Russia. Bob Moscow if you want, Oh,
Speaker 1: it's not us. So it's like you hire somebody to
Speaker 1: kill your spouse and say, okay, here's the gun, you
Speaker 1: pulled the trigger. I didn't do it, you know, come on,
Speaker 1: that's still conspiracy. So Russia knows.
Speaker 3: This question is so is this good for gold? And
Speaker 3: if all.
Speaker 1: Of that yes, I mean I think, I mean, that's
Speaker 1: part of the reason the confidence and government. When that collapses,
Speaker 1: all right, then you move back towards private sector assets,
Speaker 1: gold will go up. I would be concerning more about
Speaker 1: you know, just you know, storage facilities, things of that nature,
Speaker 1: because they can always be seized. But even if you
Speaker 1: go back to the eighteen forties when all the states
Speaker 1: defaulted after the Panic of eighteen thirty seven, the stock
Speaker 1: market rose because when you're when government is defaulting and
Speaker 1: you can't trust their bonds. The flight to quality reverses, right,
Speaker 1: all right, nineteen twenty nine we had a balanced budget,
Speaker 1: so the dollar went up and the stocks went down.
Speaker 1: All right, you have you know that's the flight to quality.
Speaker 1: I mean Andrew Mellan basically said it back then when
Speaker 1: somebody asked them, when is the market going to pete
Speaker 1: and he said very simply says when gentlemen preferred bonds.
Speaker 1: Of course, when min road turned into blods later what
Speaker 1: the original quote was bonds And that's what he was
Speaker 1: talking about, the flight to quality. When you're concerned about
Speaker 1: the private sector, you go to the government. But this
Speaker 1: time the government's the problem. Yeah, so you really want
Speaker 1: to sell all your stocks and buy government bonds. I
Speaker 1: don't think you want to do that. The whole purpose
Speaker 1: of war is you can look at every one of
Speaker 1: these wars and what happens and new government is formed,
Speaker 1: that new government defaults on the old.
Speaker 3: Right, you can.
Speaker 1: Go on e bay and buy continental currency and then
Speaker 1: look at the constitution. Constitutions said they were going to
Speaker 1: honor all the debts of the of the previous government.
Speaker 1: They never did. They lied, all right, And that's right
Speaker 1: in the constitution, so you can buy bonds from all
Speaker 1: the various governments. I mean they all defaulted. I mean,
Speaker 1: this is what they're looking for, all right. They careate war,
Speaker 1: that's excuse to default and all these debts they cannot pay. Uh,
Speaker 1: and then they get to start all over again.
Speaker 3: All right, So what are we looking out of? Your gold?
Speaker 3: The gold the best place?
Speaker 1: What?
Speaker 3: Uh?
Speaker 1: Gold? I think also you'll see the stock market come
Speaker 1: down first, maybe make Alowa by September. It depends when
Speaker 1: with these people are going to stage. But September it
Speaker 1: looks to be a very wild period on our computers.
Speaker 1: So I would expect something along those lines. Maybe even
Speaker 1: you know, Biden steps down at that point, because they
Speaker 1: got to give Camilla a chance to pretend that she's government,
Speaker 1: you know, the president, so suddenly he'll get sick and
Speaker 1: step down whatever. But this is just their playbook and
Speaker 1: it's it's all written and they do it all the time.
Speaker 1: The dog right pretty much. You know, Yeah that movie,
Speaker 1: you know, you know that they created a war of
Speaker 1: fictional to get to win an election. I mean this
Speaker 1: is you know a lot of this stuff. A lot
Speaker 1: of these Hollywood movies are sometimes you know, at least
Speaker 1: begin with the Colonel of Truth.
Speaker 3: Yeah, well remember that, and remember what happened to the
Speaker 3: director after he thought that he was actually a player
Speaker 3: and not just a pawn, And what did they do
Speaker 3: to him? And he removed them? Right?
Speaker 1: Look, this is the press is all on board with
Speaker 1: the government. You know, they you know, they think they're
Speaker 1: you know, RFK, ABC, NBC, CB CBS. Nobody will give
Speaker 1: him an interview. They're trying to bury him as much
Speaker 1: as they possibly can. They're even trying to take him
Speaker 1: off of some ballots to make sure he never gets
Speaker 1: on some states because they're worried about him taking votes
Speaker 1: away from them. Listen, this is about winning. It's not
Speaker 1: about law, it's not about ethics, your country and God
Speaker 1: and the rest. It's I gotta win, and I don't
Speaker 1: care what it is. So that's what you you know,
Speaker 1: that's the swamp. It's that's what we're dealing with.
Speaker 3: What is it about power, Marty that is so intoxicating
Speaker 3: and makes these people they'll do anything to get it
Speaker 3: and to keep it? What is it about that?
Speaker 1: I don't I don't really know. I would say, look,
Speaker 1: the vast majority of the swamp or bureaucrats. They were
Speaker 1: there for their entire life, all right, you know they're
Speaker 1: not from the private sector. I mean, you know, we
Speaker 1: there should be term limits on everything. Yeah, I mean
Speaker 1: just look at you know. Victoria Newland's husband is the
Speaker 1: one that came out with the article in the Washington
Speaker 1: Post and accused Trump of being a dictator. And he responded,
Speaker 1: I'll be a dictator for one day and then we
Speaker 1: go see he said he's going to be a dictator.
Speaker 1: It was her husband that put it in. Why, because
Speaker 1: Victoria Newan was in every administration except for Trump's.
Speaker 3: Yeah, let me know how that works. Huh.
Speaker 1: Yeah, it's very funny. And our sister in law runs
Speaker 1: the Institute for the Institute for the Study of War.
Speaker 1: Every article that you look at, oh, Russia's week, we
Speaker 1: can beat some whatever the source, Victoria Newland's sister in law.
Speaker 3: How high can gold go and how high can the
Speaker 3: stock market go? We talked about sixty something thousand for
Speaker 3: the market for the doubt. How how they can gold
Speaker 3: go five?
Speaker 1: Yeah, the doubt can go clearly to it can go
Speaker 1: to sixty to sixty five. That's our Our first target
Speaker 1: was four forty thousand, which we have reached then there
Speaker 1: would be a pause. Uh and then you know the
Speaker 1: next big level of sixty to sixty five. And what
Speaker 1: you have to understand is what is going to create
Speaker 1: that And the same thing with goal, it's a it's
Speaker 1: basically war. And that's what our computer has been projecting.
Speaker 1: We're going into war. Probably it's gonna you're looking at
Speaker 1: it peaking around twenty twenty seven, right, so for three
Speaker 1: years it's gonna look pretty bad. That's also our computer
Speaker 1: projecting that we're looking at a recession going into twenty
Speaker 1: twenty eight before that reversus. As you go into war,
Speaker 1: there's shortages, inflation, rises, capital controls. If you're in Europe,
Speaker 1: you know you better get your money out of there
Speaker 1: first because you're not going to get it out later.
Speaker 1: And look, this is basically it. You know, rationing and
Speaker 1: shortages creates inflation. Uh. So we're looking at more of
Speaker 1: a a stagflationary trend with rising inflation and lower economic growths.
Speaker 1: And you have to understand when when how had the
Speaker 1: federal reserve came out last December? He sees this coming
Speaker 1: last December. He criticized the Biden administration, said this spending
Speaker 1: is unsustainable. That's the first time the federal Reserve is
Speaker 1: criticized the current administration since nineteen fifty one. All these people, Oh,
Speaker 1: but you know, Pal's going to lower rates, he knows
Speaker 1: war's coming. Race, You're not going at decline in the
Speaker 1: face of war. They're just not. That's when spending is
Speaker 1: going to go up. Be the war. And the big
Speaker 1: problem is in all our research, when do people don't
Speaker 1: understand and much about the economy and government's in debt
Speaker 1: that keeps oh thirty four trillion dollars, it's got to collapse. No,
Speaker 1: the collapse comes with people are no longer willing to
Speaker 1: buy it. It's got nothing to do with a level
Speaker 1: of debt. When you can't sell the new debt to
Speaker 1: pay off the old, that's when the default comes. Right,
Speaker 1: as long as somebody's willing to buy it, they can
Speaker 1: keep kicking the can down the road. Now, this is
Speaker 1: a significant issue with Blake and threatening China and they
Speaker 1: dump fifty you know, three billion in the first quarter. Yeah,
Speaker 1: they're certainly not going to They're not going to be buyers,
Speaker 1: all right, So all of a sudden, you're reducing the demand.
Speaker 1: This puts a us in that risk position. If you
Speaker 1: can't sell the new debt, then rates go up to
Speaker 1: attract more people. Right, so, and the Fed only controls
Speaker 1: the short term rate, not the long term. That's what
Speaker 1: quantitative easing was all about. He went in to start
Speaker 1: buying in the long term debt to reduce the supply
Speaker 1: to lower the long term interest rate. The Fed can't
Speaker 1: set that. That's what you know, the whole quantitative easing
Speaker 1: was about. Right, if they can only set the short
Speaker 1: term rate, but the spread between long term and short
Speaker 1: term widens during war. Sure you really want to buy
Speaker 1: a bond for ten years at a fixed rate, you know,
Speaker 1: when you have no idea what's going to happen. I
Speaker 1: wouldn't And they usually default at the end, of course,
Speaker 1: so they away from the government bond stuff and even
Speaker 1: buying thirty day paper. Beware, when Italy was in trouble,
Speaker 1: what did they do They couldn't pay it. Oh we're
Speaker 1: converting it to ten years. Yeah, the government could do
Speaker 1: whatever it wants. Nobody's going to prosecute him, just like
Speaker 1: Garlands and contempt to Congress. Oh, you know, they can
Speaker 1: recommend they should be prosecuted. But he's in charge of
Speaker 1: the doj they're not going to prosecute their own.
Speaker 3: Yeah, but they had that and Harry and power, but
Speaker 3: they don't want to use it. Where the Congress can
Speaker 3: order the the House can order the sergeant at arms
Speaker 3: to go lock somebody up, right.
Speaker 1: Good luck. Yeah, but I think you'd find a firing
Speaker 1: squad if he tried to enter the Department of Justice.
Speaker 3: Yeah, it could be right, I'd love to see you.
Speaker 1: Yeah.
Speaker 3: Look, it's never going to happen, right.
Speaker 1: No, it's not going to happen. They're not going to
Speaker 1: drag him out, although he deserves to be. And you know,
Speaker 1: it just shows you how corrupt the system is. Anyway
Speaker 1: else can tempted Congress I mean Trump advisors, they're in
Speaker 1: contempt to Congress in a prison, no problem throwing.
Speaker 3: Them in, right, Funny how that works.
Speaker 1: Now, you know it's Look, it's that's why I say
Speaker 1: republics are the most corrupt form of government in history,
Speaker 1: and most people don't know. I amn't going to do
Speaker 1: a book on it because I think it's so misunderstood.
Speaker 1: When Caesar crossed the Rubicon, all the cities opened up,
Speaker 1: opened their gates and cheered. Why because there was a
Speaker 1: debt crisis, and the bankers were basically the senators. The
Speaker 1: Senate fled to Asia, you know, and Cistero always it
Speaker 1: was a dictator well show were you you know? But
Speaker 1: the point is if you couldn't pay your debt back,
Speaker 1: then what did they do if you borrowed one hundred
Speaker 1: thousand dollars for a house and they say it's any
Speaker 1: worth fifty now, they didn't take the house back and
Speaker 1: say you're even No, they took the house back and
Speaker 1: they wanted to the extra fifty grand. So what what
Speaker 1: happened if you couldn't pay that? They took your children
Speaker 1: and sold them into slavery. A little bit different. That's
Speaker 1: why the people cheered when Caesar crossed the rubicon, because
Speaker 1: they also thought he was going to abolish old debts. Yeah,
Speaker 1: it was a debt crisis.
Speaker 3: Yeah, that's right.
Speaker 1: They want to talk about that.
Speaker 3: And that was a real estate crisis too, right yeah,
Speaker 3: I mean on my real estate crisis.
Speaker 1: Speculating in all the new fan Land, et cetera. And
Speaker 1: I mean how corrupt it was. The High Priest was
Speaker 1: in charge of inserting leap days. Okay, they didn't want
Speaker 1: to go to election. They bribed and give us an
Speaker 1: extra couple of months. When Caesar crossed the Rubicon, it
Speaker 1: was January tenth. It should have been winter this summer. Yeah,
Speaker 1: that's why we have the Jewey and calendar. He went
Speaker 1: in standardize it and removed this discretionary power for the
Speaker 1: high priest.
Speaker 3: Yeah, and that's what we got.
Speaker 1: I mean, when you when you get started manipulating the
Speaker 1: calendar so you don't have to go to election. That
Speaker 1: sounds like Zelenski suspending elections during the war, which will
Speaker 1: as long as I keep it going, I never have
Speaker 1: to stand for election, you know.
Speaker 3: Yeah. Well, hey, the more I think it was changed,
Speaker 3: the more they stay the same.
Speaker 1: Right, That's why history repeats. It's not that the issues repeat,
Speaker 1: it's that human nature never changes. Yeah, it's always the same.
Speaker 1: They were real estate panics. They were buying borrowing money
Speaker 1: from the Temple in Athens to speculate in real estate.
Speaker 1: When the real estate collapsed, they couldn't pay, and then
Speaker 1: all of a sudden, everybody was shocked at the Temple
Speaker 1: of Athens had lost so much money. What were you doing?
Speaker 1: The high priests was paying off people. Yeah, I mean
Speaker 1: it's always the same thing. You can go to two Dellos,
Speaker 1: which was like the Temple of Apollo, was kind of
Speaker 1: like the federal Reserve of ancient times. They listed, you know,
Speaker 1: how many states borrowed from them and defaulted. It was
Speaker 1: the first you know, sovereign default through the fourth century.
Speaker 1: BC said, nothing's ever changed. This has been going on
Speaker 1: for a long time.
Speaker 3: Yes, it has, and it always will. I guess. So
Speaker 3: we're just the latest, the greatest version of history.
Speaker 1: Right, every nation rises from a magnanimous level, becomes corrupt,
Speaker 1: and then falls and is buried in a common grave.
Speaker 1: If that was not true, we would all still be
Speaker 1: speaking Babylonia.
Speaker 3: And it keeps happening over and over again. Right. This
Speaker 3: play continues on at the Romans, the Greeks, the battle.
Speaker 1: Yeah, it doesn't matter what country you're talking about, one
Speaker 1: empire because just like you're seeing with Trump and trying
Speaker 1: to take them off the ball, everybody acts in their
Speaker 1: own self interest. Period. It's not about law. It's how
Speaker 1: can I use the law to make it sound like
Speaker 1: I'm doing something that's magnanimous, And it's just not like
Speaker 1: I said, Coxley led the most people don't realize. But Coxley,
Speaker 1: who watched on Washington and asking for Washington to create
Speaker 1: what if you know, after your eventually made is the
Speaker 1: w you know BA that March on Washington. One of
Speaker 1: the guys in that march all right, turned it into
Speaker 1: a children's book. That's basically you know, you know, the
Speaker 1: whole march on you know, the follow up Yellow Brick Road,
Speaker 1: which was the gold standard. The Lion was supposed to
Speaker 1: be William Jennings Bryan, the tin Man was supposed to
Speaker 1: be uh, the Industrial error and uh then and you
Speaker 1: had the Scarecrow agriculture. It was. Yeah, basically that was
Speaker 1: the March on in eighteen ninety three. Yeah, and that's
Speaker 1: all where socialism began. Everything, all right, So pretty safe
Speaker 1: in the stock market. Maybe a mini crash coming up,
Speaker 1: maybe a war if Trump gets in. Yeah, I would
Speaker 1: look at the stock market. It's going to back off
Speaker 1: short term here, probably going into September. I look at
Speaker 1: that period in time, like I say, they're probably going
Speaker 1: to try plan be at this stage in the game,
Speaker 1: They're not going to give up. Trust me, they're not
Speaker 1: going to give up. They missed Trump the first time.
Speaker 1: I hope they will try to assassinate him or give
Speaker 1: him some bird flu shot that he dies with a
Speaker 1: heart attack or something. But they are relentless. Trust me.
Speaker 1: There's too much on the table for them to just
Speaker 1: walk away.
Speaker 3: Yeah, agreed, agreed a well, go over to Arnstrong Economics
Speaker 3: dot com. Sign up for Marty's very informative missives that
Speaker 3: come out regularly during the day in the week. And
Speaker 3: if you've got a question for Marty or myself Adel
Speaker 3: at carrieluts dot com, that's the email address and we'll
Speaker 3: get you back and answered quickly. And while you're at it,
Speaker 3: you find a link to Marty's site on Financial Survival
Speaker 3: Network dot com. Sign up for your free newsletter Marty.
Speaker 3: I'm sure we'll be talking again soon. The elections right
Speaker 3: around the corner. You know, it's hard to believe. It's
Speaker 3: like it's it's it's the less than four months away,
Speaker 3: I mean three three and a half months, and it's
Speaker 3: going to be turmoil, chaos and all that good stuff.
Speaker 3: So be prepared. And I don't know about you, but
Speaker 3: I'll be buying some gold.
Speaker 1: And yeah, it's well, it's the Chinese curse. May you
Speaker 1: live in interesting times.
Speaker 3: And these are the most interesting ever.
Speaker 1: Thanks so not Schwarthy, Thanks a lot to again, thanks
Speaker 1: for listening.
Speaker 2: To carry Letz's Financial Survival Network, your solution to today's
Speaker 2: trying times. For the latest, go to Financial Survival Network
Speaker 2: dot com. Financial Survival Network now more than ever