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Speaker 1: I've never seen our computer do a forecast on the

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country that basically says it will not exist, and that's Ukraine.

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Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you

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get valuable information you just can't find anywhere else to

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thrive in today's trying times. You need the Financial Survival

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Network now more than ever. Go to Financial Survivalnetwork dot

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com and get your free newsletter and gift. Financial Survival

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Network now more.

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Speaker 3: Than ever, and welcome. This is Financial Survival Network. I'm

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your host, Carrie Letz, and we are sitting down with

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the esteemed Forecaster I call him the Master Forecaster, Martin Armstrong,

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and just completed this book. It's not the final copy.

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The printer screwed up, but the copies are on the way,

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so this should suffice. And it's called The World according

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to Martin Armstrong. Conversations with the Master Forecaster by yours truly,

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Carrie Lutz and Martin, And like, I'm really proud of

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this book because you know, we all know your milestones,

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we all know the things that you've accomplished, the calls

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that you have made. But we put it pretty much

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from twenty eleven to current everything under one cover. In

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your words, I didn't put anything in your in your mouth.

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I summarized, I took did key points takeaways for each discussion.

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But this really is a testament to you and the

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accuracy of your calls. You're not one thousand percent. Nobody is.

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But the big ones like breaking the Swiss peg, like

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for years you told me that gold was not ready

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to do anything, and it hovered around one thousand bucks.

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The Dow the biggest one that I came up with,

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the first time I think I interviewed you, you said

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Dow thirty two thousand, and I'm like, who is this guy?

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He's got to be crazy. And then in two thousand

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in eighteen, you further clarified the call and said that

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daw would be hitting forty five thousand between twenty twenty

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two and twenty twenty four, so that's six years before

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it happened. Nobody believes this. And then the number of

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deep State haters on social media, it shocks me. They're

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all phony accounts saying nasty things about you. They don't

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know anything. I mean, this book, Martin needed to be written.

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Speaker 1: Well. I think that where people need to understand is

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that there are two ways to do research. One you

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start with a theory and then you go and try

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and cherry pick facts to support what you said. And

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the other way is you actually just go out to

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try and understand how something works, and you bump into

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stuff those you can't discover what you already know. So

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like you know, Penicillan, you know, discovered by a mistake,

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et cetera. What I bumped into shocked me. I mean

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because I didn't believe that that would be possible. That okay, fine,

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I understood there was a business cycle, but I didn't

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know that it would be actually precise, I mean right

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down to the day. I mean I did a model

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just you know, in twenty two when the Russia Ukraine

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event began, and here it projected at a common period

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right to the day of May fifteenth, and I was

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put out, you know, you know, basically almost three years

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in advance. How does the you know, the peace meeting

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take place exactly on that day. It baffles me. This

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is not my opinion. It's just something that I think

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others will maybe you know, explore and more. I mean

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often what it is I think is that you know,

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people were never appreciated during their lifetime. It's always afterwards,

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like you know, Tesla said, oh he was ever, you know,

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he tried to help humanity and all he got in

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return was insults and humiliation. And it's so true. I mean,

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you had Bruno who was burned alive at the stake

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because he agreed with Copernicus that the earth went around

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the Sun rather than the other way around. They've burned

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them the live for that. So you throughout history it's

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always been this uh sort of reaction to people, I think,

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and in my case it's you know, back in the eighties,

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we had a bank in Lebanon and they found the

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ledger downstairs with somebody had written down the price of

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the Lebanese pan every day to mid eighteen, you know, hundreds.

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And they asked if we could build a model. I

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said sure, They said it over. We put it in.

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When the computer came out and said your country's going

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to fall part in eight days, I thought there was

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something wrong with the data. I called them. I said, look,

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there's something's got to be wrong here. It's such countries

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you've got to fall part in eight days. Very calmly

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they said, well, walk came and see what would you

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recommend and I said, well, it said Swiss Frank. I said,

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this very strange conversation. Eight days later the Civil War began.

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Then we had a client in Saudi Arabia who was

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a big shipper, and he calls and says, Iraq's going

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to start attacking shipping the Gulf tomorrow. What do you

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think Old's going to do? I see you tell me

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a war is going to start tomorrow. Yeah, yeah, yeah.

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So I began to realize over time that what the

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computer was picking up was simply that somebody always knows

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there's going to be an event, and they move their

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money in events, you know. So we became probably very

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famous with the Russian call. I stood up in June

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of ninety eight and I said, look, Russia's going to collapse,

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and to give it about thirty days and London Financial

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Times it's knock in the back room and then they

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stick that on the front page. I went, oh my god.

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And I was a long term capital management crisis and

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all that stuff, and the SEC it up using our

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our model looking for people who bo puts on the

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airlines a few days before nine to eleven. But there's

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always somebody that knows and even if you look at

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the harmas attack, the defense stocks started rising about seven,

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you know, seven days before. It's just it's very interesting.

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But I mean, this is not my opinion. And what

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I bumped into is that there is an order to

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what it may appear to be, you know, chaos. There

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is no such thing as a random walk, you know theory,

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that's that's total bullshit. Nothing's random, you know. I learned

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that basically in high school, the economics class, they'd say,

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everything's random, so we can manipulate. Later. Then he went

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to physics class and they said nothing's random. I said,

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one of you guys are lying, you know, but it's

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so it you know, I want people to understand that. Look,

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I discovered something that I didn't think existed, but it

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does all the turning points. You take the eighty seven

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crash right to the day October nineteenth, that same thing,

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just calculating out gives you the exact day of the

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high in nineteen ninety eight of July twentieth. Uh you

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go further off, it's the exact day of the low

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in the stock market in two o two, two oh seven.

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It goes up the exact day of the peak and

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the show where Real Estate Index. I mean they were

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calling that, you know, on the floor Armstrong's revenge. It

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it's not coincidence. I mean so many of these things,

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you know, even going back in time, I mean the

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very day that Hitler becomes chancellor, right on the model

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date to the day. So there's I don't know what

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it is, but there's something that is there which shows

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that if we really understood how the economy works, I

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think it's it's more like the biblical story. And maybe

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that's the lesson of Joseph telling the Pharaoh there'll be

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seven years of drought and seven years of of of plenty.

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So if you understand that there are definitive cycles, so

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let's do re stockpile your food because you know what's

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going to get worse on the other side.

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Speaker 3: Yeah, so so let's bring it to you. Made a

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call actually today about Ukraine that it's turning point here.

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Are we going to have peace there? Or are we

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going to have a world war?

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Speaker 1: No? I think world war. You know, Putin didn't show up. Uh,

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you know, looking you have to judge things not by

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what you think, but what other people think, how they respond,

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and look, they suckered Putin in the first time. Uh

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with the MINSA greets, Oh, the dumb boss. You should

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have a right to vote, crimea, et cetera, to separate.

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They're all Russians there, They've been living there for hundreds

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of years, crimea. Fifteen percent of the population in Mongol.

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There are not Ukrainians there period, right, And in twenty fourteen,

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you can look it up the Odessa massacre. As soon

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as the revolution took place, what did they do. They

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went into a Dessa and we're grabbing any Russians speaking

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people off the street, killing them. They ran into the

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trade building and they set it on fire and burned

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them all lives. You know, the Western press is such

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a piece of shit. I mean, if that was Ukrainian,

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oh that would be the front page. Oh they're Russians.

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Who gives a shit? You know? Okay, the bias in

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the press is just so overwhelmingly that all they're doing

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is beating the war drums and cheering it me everything.

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You know, I just saw one this morning.

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Speaker 3: Uh.

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Speaker 1: Oh, Putin's a walking you know, death band. I mean,

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the act is if they have no clue what they're

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talking about. Zero Putin is the most responsible guy and

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you replace him and you're going to get one of

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their neo cards like we have, and then it is

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for long. The criticism he gets in Russia is that

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he only went in to protect the dumb boss. He

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should have gone in and actually going in and taking

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all of Ukraine like we did to Iraq, and it

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would have been over in three weeks, shock and all.

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You know, he didn't want to do that, and it's

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you know, all these people, Oh he's evil. This really

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you don't know Russia and you expect, you know, you

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think that you can just bash Russia all the time.

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And those people, I mean, I know some Russians in

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an old friend of mine, I met her in Tokyo

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when she was a translator back then, so she's not political.

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But she asked me a question, why does everybody hate

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us so much? You know? And I said, it's what

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can I say, It's just, you know, it's ridiculous. It's

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because you you know, your country used to be communist.

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Now that's about it.

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Speaker 3: Yeah, well, I don't know. I'm a little more optimistic,

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but because but it's certainly the possibility for this thing

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to explode. But if the US doesn't jump on the

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bandwagon here and lead it. I just don't see Europe

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getting their act together and actually actually making this thing explode,

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because they can't do it without the US as long

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as Trump holds fast. Whether I guess they can do

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a false flag go back to the old bag of tricks.

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But but you know, I certainly wouldn't doubt that. I

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certainly wouldn't doubt your thesis, Martin, I certainly will.

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Speaker 1: I also have been talking to people in Romania. They're

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going to an election on the eighteenth, and they have

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woken up. They're very anti EU. They realize that the

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EU doesn't give two shits about Ukrainian people as long

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as if they all die fine, as long as they

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take a Russian with them, and.

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Speaker 3: As they're willing to, that's a risk they're willing to.

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Speaker 1: Take, right, Yeah, exactly. And they want to do the

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same thing with Romanians and they realize that, and that's

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why it's you know, they do not want to go

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to war with Russia, but this is what the EU

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is pushing, and they're very concerned that they rigged their

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last election and he was anti EU, uh and most

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people didn't realize what was at stake. NATO's biggest base

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was being constructed in Romania so they could attack Russia.

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And you know, they feel that they're going to their

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country is going to be destroyed, just like Ukraine for what,

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you know, and then you have the Europeans. Oh, if

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Ukraine falls, he'll come take the rest of Europe. For what.

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Europe has nothing, They have no energy, no gold, there's

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nothing other than you know, you walk into France and

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the French you're going to say, okay, you're here, are

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you going to pay our penches? Now? That's it? You know.

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The other way around, what I have heard out of

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Paris from extremely good sources is that McCrone thinks that

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just let all the Ukrainians die and Romanians and kill

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as many Russians as possible, and then they can walk

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in and take Russia. And then with seventy five trillion

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dollars worth of assets, it will be twice the size

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the US national debt, and Europe will rise to, you know,

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the pinnacle of the world like the Roman Empire again.

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And people in government, I can tell you I have

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heard them. They call Macron the petit Napoleon res emblance. Yeah,

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and then you have you know, this latest thing of

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coke and everything else.

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Speaker 3: What's that about?

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Speaker 1: Well, look, I knew Laura, he was one of my

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uh sources in Ukraine. Uh, he told me, Because it's

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got to be at least two years ago, if not longer,

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that Zilinsky was a cokete.

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Speaker 3: Sure it looks like it. It's sure looks yeah sniffing,

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he's rubbing his nose. His eyes are like bulging out

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of his head. They're glazed. And so you know, one

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thing is like, I think the US or Trump would

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definitely like to stage a coup in Ukraine and get

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him out. But there's echoes of Vietnam and Beyodo. When

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we did it there, that was like the beginning of

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the end. And nobody has the guts to do it now.

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But really, if they if he ever wanted to stage

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a coup that would really help things out, that would

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be the time.

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Speaker 1: Well, I mean May seventh last year, the very day

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on Model turned. It was intentive assassination on Zelenski, two

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of his colonels. He then fired his his bodyguard. He's

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now using British some Americans, I hear, because he doesn't

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trust Ukrainians. And I speak to some Ukrainians in the military,

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and they basically say if he was on fire, they

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wouldn't urinate on him until he was dead. Right, It's

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he's just say he could care less about the people.

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I mean, he had a piece towen Bars Johnson hopped

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on the plane and said, no, you're not allowed that

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peace the Ukrainians I speak to, I mean, you know

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their country is not being ruled by them. And this

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is why Zelenski keeps Marshall All going to prevent anybody

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from ever having election because he couldn't possibly win.

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Speaker 3: Yeah, obviously he'd be gone, so onto more mundane things.

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So the market, you know, you've made the call sixty

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two thousand. By twenty thirty two we had the tariff disruption,

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which seems to have run its course. What's next for

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the for the market, most.

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Speaker 1: Of them are and gold. You have to understand that

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there is this problem with war in Europe and the

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European governments the EU when they were forming it, they

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came to me. I met with him back in ninety eight.

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I said, okay, fine, this is how we create a currency.

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And you know hertmart Cole was the chancellor then, so

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he wouldn't you know, he knew that the German people

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would never vote to join the Euro and so he

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basically took him in without you know, the people being

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allowed to vote, and he insisted that there'd be no

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consolidation of the debt. And from a trader's perspective, I

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can pick up the phone and say buy me ten

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billion dollars the treasuries. When it comes to Europe, I'm

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still going to make the same decisions as if the

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Euro didn't exist. Do I went Germany? Do I went France?

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So I went Italy? So you can look, I mean,

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people were just trading all the spreads between them. So

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all you did was, yes, you created a single currency,

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but you didn't do that to the bomb market. So

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the problem you have is it exemplify basically by twenty

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ten when Greece got in their trouble. As soon as

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that happened, the traders went great, made a lot of

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money on that. Who's next, Oh, Spain, and they run

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over there. This is the problem that because there's no

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consolidated debt, one country gets into trouble and it's going

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to create a continue you know, a contagion, and then

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everybody's going to be looking at the Okay, who's next. Oh,

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look at France. They're they're well above Mustard Treaty levels.

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You know. I suggest reading Herbert Hoover's memoirs. You can

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get them online nineteen thirty one, and he's explaining right

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there how things happen exactly the same. He said, capital

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acting like on a loose canon or on the deck

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of a ship in the middle of a tempest. And

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it all started one country defaulting another, Britain defaulted, even

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Canada defaulted. So I mean, that's what took down nine

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thousand banks, not towers. But this is the same thing.

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And what what I mean is that Europe needs war

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because their economic system is collapsing. If you just look

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at total consumer spending in the world, and this is

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why the dour is the reserve currency, forget gold, all

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the other nonsense people put out. Out of every dour

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a consumer spends in the entire world, twenty five percent

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is America, all right, Europe, oh Carneieoh, we'll join with

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the EU to hell with the United States. Really, okay,

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you better shirt that hell out of Canada. Then the

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total consumer spending of all of Europe, all right, is

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a dour twenty nine out of ten. They're overregulated, et cetera.

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Europe is that the capitalization of the New York Stock

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Exchange alone is more than all the exchanges of Europe combined. Wow,

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I mean people don't realize Europe is you know, people,

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all of the US dollar is going to crash really

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all right, you're going to see you know, the US

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would be the last to fall. All right. An economic

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decline on a global scale starts in a peripherals, So

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00:23:37,279 --> 00:23:41,799
pay attention to Europe. This is also why they're against

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peace because if they they see this as taking Russia

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is the only way to come out of this. Schwabs

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you'll you know, own nothing and be happy. Was all

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about government defaulting, all right, instead of saying we're going

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to default. Oh, we're going to believe you of your debt.

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So we're doing this for you because there goes all

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the punch your funds and everything else.

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Speaker 3: You know, and you know I got a bridge to

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sell you in Manhattan, you know.

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Speaker 1: Right, So you have to understand Europe is in really

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desperate shape. It's way overregulated. The German economy is actually shrunk,

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and I'm not talking about a recession. I'm talking about

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the number of businesses has declined. All right. They first

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they did the lockdowns with COVID, then the climate change

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and the sanctions on Russia. They have no energy, they

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have to import everything, all right, So this whole thing

336
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is just insane. You now have Earthen who has no

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She hasn't been elected. She is the dictator Europe has

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no process to allow people to vote for the head

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of the EU, never stands for election, and she's out

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there because one of the sales points to create the

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euro was, oh, don't worry, it won't be a dictatorship

342
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because it will take one consensus. So hungry is against war.

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What are they doing now? Okay, well we'll strip Hungry

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of the right to vote, So now it becomes a dictatorship.

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The two hundred billion they stole from from Russia. It's

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Hungry opposes that it's against international law. So what is

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she doing? Well, we're changing the definition of what it is. Yeah,

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I mean, look, it's like he's sending in troops to Vietnam. Oh,

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but they're peacekeepers or advisors, you know, Yeah, I mean,

350
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it's it just changed the label. You know, Altho're on

351
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the advisors you know, here's the here's the coordinates. Pushed

352
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this button, we call you know, oh you pushed it?

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I didn't. It's this is what goes on. I mean,

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Europe is serious trouble, so the markets will go up,

355
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all right. Uh, our clients in Europe or institutional clients,

356
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they've been moving their goals from Europe to America mainly

357
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because you know, the when the first bullet is shot,

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they are going to put on massive capital controls. You're

359
00:27:00,400 --> 00:27:05,160
already seeing this in Spain. All right, you need permission

360
00:27:05,200 --> 00:27:10,839
now just to take three thousand euros out. They restrict

361
00:27:10,880 --> 00:27:16,279
how much you get out as of an ATM. They're

362
00:27:16,319 --> 00:27:19,640
trying to eliminate cash as much as possible. The ECB

363
00:27:20,799 --> 00:27:24,200
is moving towards a digital currency to and they will

364
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cancel all paper currency period. US cannot do that because

365
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it would be unconstitutional. For that's why the FED has

366
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said no. Because the Fed, we need a search warrant

367
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to look at your account. They don't need that over there,

368
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So they're looking at clamping down all money. US, as

369
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I've said before, was bankrupt in eighteen ninety six. That's

370
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when you know JPM Morgan had to lend one hundred

371
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billion in goal U and it was World War one

372
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and two that brought all the money here to After

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World War two we had seventy six percent of the

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world official gold reserves. We became the financial capital of

375
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the world after World War One. And these people think

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a third time is going to be a charm. I'm

377
00:28:19,960 --> 00:28:24,319
sorry our computer. I've never seen our computer do a

378
00:28:24,400 --> 00:28:27,960
forecast on the country that basically says it will not exist,

379
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and that's Ukraine.

380
00:28:29,799 --> 00:28:32,200
Speaker 3: Yeah, it's so.

381
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Speaker 1: Is Zelenski doesn't give two ships about the people. I

382
00:28:38,680 --> 00:28:44,440
don't see him possibly uh stepping down and retiring there.

383
00:28:44,519 --> 00:28:52,200
They'll kill him. And you know where's he going to go.

384
00:28:52,279 --> 00:28:56,240
He doesn't have Biden here, so I guess maybe he's

385
00:28:56,359 --> 00:29:00,599
kissing up this to, you know, to Stammer in the

386
00:29:00,720 --> 00:29:01,880
UK and the crone.

387
00:29:03,200 --> 00:29:04,759
Speaker 3: Trump sure fan of his.

388
00:29:05,839 --> 00:29:08,880
Speaker 1: No, he's going to be you know, him and his

389
00:29:09,079 --> 00:29:13,960
family are going to be day period and you and

390
00:29:14,000 --> 00:29:18,240
when you what I mean is that if you Italian

391
00:29:18,359 --> 00:29:22,359
or Russian mafia, he screwed with them, they kill you.

392
00:29:23,880 --> 00:29:27,359
Even the Russian mafia they're afraid of the worst in

393
00:29:27,440 --> 00:29:31,880
the world, are our Median When this goes back a

394
00:29:31,920 --> 00:29:37,200
long way, that they kill you, your wife, the kids, and

395
00:29:37,240 --> 00:29:40,799
the dog. That don't want anybody coming back to retaliate.

396
00:29:42,920 --> 00:29:47,039
And that's what you're getting in the Balkans, this attitude.

397
00:29:49,599 --> 00:29:55,599
You know, Yugoslavia broke up, and you know, talk to

398
00:29:55,680 --> 00:29:59,960
people in Serbia and all those Armenians know this is

399
00:30:00,000 --> 00:30:04,119
this is the way Ukraine is. You talk to any

400
00:30:04,160 --> 00:30:07,480
any real country that borders them and they tell you

401
00:30:08,039 --> 00:30:11,839
don't do business with the Ukrainian Yeah, they are the

402
00:30:12,240 --> 00:30:15,160
you know, even the Panama papers show that they were

403
00:30:15,160 --> 00:30:16,880
the most corrupt country in the world.

404
00:30:17,480 --> 00:30:20,559
Speaker 3: Yeah, we know that. So Martin, I got a question

405
00:30:20,680 --> 00:30:24,440
for you here on a more personal level, everything you've

406
00:30:24,440 --> 00:30:28,839
been through having your freedom taken away, was it worth it?

407
00:30:31,720 --> 00:30:37,240
Speaker 1: Uh? Yeah, in a way. I mean it's it taught

408
00:30:37,279 --> 00:30:43,200
me things that I didn't question before. As you know,

409
00:30:43,319 --> 00:30:45,680
I you know, my father was a lawyer. I grew

410
00:30:45,759 --> 00:30:47,960
up with all. I thought there was a rule of law,

411
00:30:48,319 --> 00:30:52,359
and then you find out there is. It's all bullshiting.

412
00:30:52,200 --> 00:30:54,599
Speaker 3: Department of just Us as you call it, right.

413
00:30:55,160 --> 00:31:00,279
Speaker 1: Yeah, it's so people ask me, why aren't you bitter?

414
00:31:00,319 --> 00:31:05,039
Because honestly, I wouldn't have known what I know unless

415
00:31:05,079 --> 00:31:10,599
I saw it first firsthand. I mean, I had to

416
00:31:10,680 --> 00:31:16,839
run the law library there, and you know, initially there

417
00:31:16,839 --> 00:31:21,599
were you know, a lot of black kids coming in.

418
00:31:21,759 --> 00:31:25,319
They looked like there were thugs. But they all kept saying,

419
00:31:26,319 --> 00:31:30,960
you know, I was franked that wasn't my gun. Initially

420
00:31:31,079 --> 00:31:38,119
I didn't believe them. Then there was a black kid

421
00:31:38,160 --> 00:31:41,599
that came in that looked physically like he was retarded.

422
00:31:42,640 --> 00:31:46,359
And I'm looking at his his indictment, and it's always

423
00:31:46,440 --> 00:31:50,400
the same two cops. Now, there thousands of police in

424
00:31:50,440 --> 00:31:55,839
New York. Why is it always these two. And in

425
00:31:55,880 --> 00:32:03,200
his case, somebody came forward said it was frisked three times,

426
00:32:03,240 --> 00:32:06,680
no gun. They took them back to the wagon. Suddenly

427
00:32:07,160 --> 00:32:09,440
all they found it. Huh, they found the guy.

428
00:32:09,839 --> 00:32:11,039
Speaker 3: I heard it before.

429
00:32:12,160 --> 00:32:16,680
Speaker 1: So I said, look, I don't recommend people to go

430
00:32:16,799 --> 00:32:19,440
to trial because you always end up getting more time.

431
00:32:19,240 --> 00:32:23,119
Speaker 3: Than it plead analyze you for exercising the rights.

432
00:32:23,839 --> 00:32:27,359
Speaker 1: And lawyers, court appointed lawyers work for the government. They

433
00:32:27,359 --> 00:32:33,119
don't work for you. So I told them, you go

434
00:32:33,200 --> 00:32:37,480
to trial. I said, the jury's going to look at you,

435
00:32:38,960 --> 00:32:41,559
and I know they're not going to believe the government.

436
00:32:42,319 --> 00:32:45,559
So I told him to go any won my court

437
00:32:45,640 --> 00:32:49,680
appointed lawyer said to me, how do you feel that

438
00:32:49,799 --> 00:32:53,680
you helped a criminal get out? I said a criminal,

439
00:32:53,720 --> 00:32:56,200
I said, the jury found them minced. No, they didn't.

440
00:32:56,240 --> 00:32:58,039
They just didn't find enough evidence.

441
00:32:58,799 --> 00:32:59,920
Speaker 3: Oh my gosh, the.

442
00:33:00,079 --> 00:33:03,880
Speaker 1: Judge get this guy out of here. And he was

443
00:33:03,920 --> 00:33:08,240
a court appointed lawyer. I never met a single court

444
00:33:08,359 --> 00:33:12,559
appointed lawyer that ever gave two shits about the real

445
00:33:13,240 --> 00:33:16,839
about people. They just take their orders from the government, period.

446
00:33:17,519 --> 00:33:20,039
That's why. That's why they get appointed. They're part of

447
00:33:20,039 --> 00:33:20,480
the club.

448
00:33:21,039 --> 00:33:22,640
Speaker 3: Part of the club, and you're not in it. So

449
00:33:22,720 --> 00:33:25,799
here's the second question. Would you do anything differently?

450
00:33:27,240 --> 00:33:34,039
Speaker 1: Not really? I mean I survived. I mean, look, they

451
00:33:34,079 --> 00:33:36,119
even tried to kill me. I was in a coma

452
00:33:36,200 --> 00:33:38,359
for a week. All right, fine, but I came out

453
00:33:38,440 --> 00:33:42,480
of it. I'll put it this way. There are a

454
00:33:42,519 --> 00:33:48,319
couple things that inspired me. One was Patrick Kenry, give

455
00:33:48,359 --> 00:33:53,519
me liberty or give me deaths? And you begin to see, honestly,

456
00:33:54,640 --> 00:33:58,359
if I was sentenced to life from prison or given

457
00:33:58,400 --> 00:34:01,599
the option for death, I choose to death. Death is

458
00:34:01,799 --> 00:34:05,839
not by any means all these people that ow death penalties,

459
00:34:06,000 --> 00:34:09,199
it's not the worst. The worst is being thrown into

460
00:34:09,239 --> 00:34:12,760
a cell and kept there for the rest of your life. Yeah,

461
00:34:12,800 --> 00:34:17,239
that's torture for every day. The other one that inspired

462
00:34:17,239 --> 00:34:22,880
me was actually Socrates. If you read Plato's you know,

463
00:34:23,079 --> 00:34:27,000
apology they sentenced in the death and he said, it's

464
00:34:27,000 --> 00:34:29,880
either a migration of the soul to where I will

465
00:34:29,920 --> 00:34:33,480
go see all my old friends. Why should I be afraid?

466
00:34:33,519 --> 00:34:36,960
It's such a thing, or it's like a midsummer night's sleep,

467
00:34:37,519 --> 00:34:41,599
so peaceful, not to be disturbed by a dream. Go ahead,

468
00:34:41,599 --> 00:34:46,039
do your best, those two and I And when you're

469
00:34:46,119 --> 00:34:50,880
there and you see it. I survived because once you

470
00:34:51,719 --> 00:34:55,440
understand the game, Oh you don't do this, I'm gonna

471
00:34:55,760 --> 00:34:58,639
kill you. Yeah, go ahead, I'm ready. You know, you

472
00:34:58,719 --> 00:35:00,199
take all their power away.

473
00:35:00,480 --> 00:35:04,119
Speaker 3: Yeah, it's strictly a question of your fear. But you

474
00:35:04,199 --> 00:35:07,000
must have felt like you were living the Showshank Redemption.

475
00:35:08,400 --> 00:35:14,760
Speaker 1: Yes, I was in civil contempt. So civil contempt, I

476
00:35:14,800 --> 00:35:18,079
had no co defendants, so I could work in the library.

477
00:35:18,159 --> 00:35:19,960
And they don't want to pay a warrior, so they

478
00:35:20,440 --> 00:35:23,320
stuck me down there, so I got to see everything

479
00:35:24,280 --> 00:35:27,159
and mark I had this one guy come in and

480
00:35:27,159 --> 00:35:31,000
he says, oh, they threatened my children and all this stuff,

481
00:35:31,280 --> 00:35:33,320
and I said, yeah, okay, fine. Then he said Oh,

482
00:35:33,320 --> 00:35:36,880
you're a cold hearted bastard. I said, let me tell

483
00:35:36,920 --> 00:35:42,119
you something that's standard operational procedure. They do it to everybody.

484
00:35:42,760 --> 00:35:45,119
Go talk to people in here and you'll see. He

485
00:35:45,199 --> 00:35:48,039
came back and he apologized. He says, you're right. I said, look,

486
00:35:48,079 --> 00:35:52,320
this is what they do. They threaten your family and

487
00:35:52,599 --> 00:35:54,599
if you don't do what they tell you, they're going

488
00:35:54,679 --> 00:36:00,679
to go after your family. Michael milkan He planed, why

489
00:36:01,360 --> 00:36:03,880
is something that was absolutely had nothing to do with

490
00:36:03,960 --> 00:36:08,800
insider trading. Total bullshit. I wrote the book on that

491
00:36:08,880 --> 00:36:11,480
back in eighty six, and you know I've been called

492
00:36:11,480 --> 00:36:16,679
in by some of his legal team. Insider trading during

493
00:36:16,719 --> 00:36:20,679
the Great Depression was I knew the company was bankrupt.

494
00:36:21,639 --> 00:36:23,719
We're going to announce that on Monday, so I sell

495
00:36:23,719 --> 00:36:29,480
on my personal stock on Friday. That's insider trading. Michael

496
00:36:29,519 --> 00:36:33,920
Milkane was charged. Oh, insider trading. Okay, you and I

497
00:36:33,960 --> 00:36:37,519
are going to take over a company. And the fraud is, oh,

498
00:36:37,599 --> 00:36:41,039
we're defrauding as somebody else who doesn't have that information

499
00:36:41,159 --> 00:36:44,920
to make the same amount of money nobody lost. I mean,

500
00:36:44,960 --> 00:36:49,559
it's completely opposite. It flipped it upside down, and this

501
00:36:49,639 --> 00:36:55,559
is what they've doing in court. You look at this

502
00:36:55,760 --> 00:37:02,760
prosecutor that went after Trump, you know, and oh, because

503
00:37:02,800 --> 00:37:08,320
he overvalued his property. She just you know, is doing

504
00:37:08,360 --> 00:37:11,400
the same thing, and you know, getting loans out of

505
00:37:11,480 --> 00:37:18,159
Virginia on property in New York to get a lower

506
00:37:18,320 --> 00:37:25,639
you know interest. I mean, it's so hypocritical everything you do.

507
00:37:27,199 --> 00:37:29,639
I mean, just look at this judge they just indicted,

508
00:37:30,639 --> 00:37:34,679
all right, She's a county judge. She has no jurisdiction

509
00:37:35,000 --> 00:37:39,639
over the question of ice to begin with. She disagrees

510
00:37:39,760 --> 00:37:46,920
with and Trump administration takes the guy and leads him

511
00:37:46,960 --> 00:37:49,039
out of the court through a back door to try

512
00:37:49,079 --> 00:37:53,679
and get away from ice. She has no jurisdiction on

513
00:37:53,760 --> 00:37:57,239
this stuff, of course, you know. Oh, you know, she's

514
00:37:57,280 --> 00:38:00,000
doing the same thing as Trump. You know, I'm completely

515
00:38:00,039 --> 00:38:03,760
immune from anything I do because I'm a judge. Not true. Sorry,

516
00:38:03,960 --> 00:38:07,679
it has to be relating, you know what, So you

517
00:38:07,679 --> 00:38:10,239
can kill your your spouse and say I'm a judge.

518
00:38:10,280 --> 00:38:16,760
I'm okay. But look, I've seen it all and there

519
00:38:16,760 --> 00:38:23,519
were a bunch of Italian mafia guys. You would not

520
00:38:23,840 --> 00:38:32,280
believe the corruption in New York. One guy, supposedly, this

521
00:38:32,440 --> 00:38:36,079
one guy is dead. They don't have a body, nothing.

522
00:38:36,599 --> 00:38:40,519
All they have is a car park the JFK. They

523
00:38:40,559 --> 00:38:48,960
prosecute three different, three different mafia families in New York

524
00:38:50,760 --> 00:38:53,920
conspiracy to kill this guy. They don't have a body,

525
00:38:54,440 --> 00:38:58,840
no evidence of that whatsoever, and everybody's found guilty. And

526
00:38:58,920 --> 00:39:01,039
even the judge with the the second one comes up,

527
00:39:01,079 --> 00:39:02,880
oh yeah, I know this case. This is the one.

528
00:39:02,920 --> 00:39:05,960
We don't know who killed anybody. We don't have a body, right, Yes,

529
00:39:06,000 --> 00:39:10,880
you're hore twenty years in prison. It's just a joke.

530
00:39:13,280 --> 00:39:18,719
One of them. He subpoened the tapes, his own tapes

531
00:39:18,760 --> 00:39:22,320
of phone calls. They made a mistake and gave him

532
00:39:22,360 --> 00:39:26,559
the tapes of the guy who's going to testify against them.

533
00:39:27,360 --> 00:39:31,519
Here's the prosecutor on the tape asking him to testify

534
00:39:31,559 --> 00:39:35,559
against somebody else. And the guy says, I don't know him,

535
00:39:35,840 --> 00:39:40,599
and I am listening tickets, And the prosecutor said, don't worry.

536
00:39:41,320 --> 00:39:44,440
By the time I get done preparing you, you'll know

537
00:39:44,599 --> 00:39:50,079
him like it's your brother. It was submitted, and that

538
00:39:50,199 --> 00:39:53,719
who was the judge, Judge Paplin, was the same guy

539
00:39:53,800 --> 00:39:59,960
that had Trump right and said, your honor, here the tape,

540
00:40:00,280 --> 00:40:05,159
the same prosecutor with the same guy in my case dismissed.

541
00:40:05,880 --> 00:40:10,599
That's another case that's not this one, all right, I

542
00:40:10,599 --> 00:40:12,599
mean terrible.

543
00:40:12,880 --> 00:40:16,239
Speaker 3: It's it is awful, and we appreciate the sacrifice you

544
00:40:16,320 --> 00:40:20,079
made for the truth. You know, there aren't many people

545
00:40:20,159 --> 00:40:22,599
in this world that would go through what you went

546
00:40:22,639 --> 00:40:26,679
through for the truth. Maybe he made some compliance errors,

547
00:40:26,719 --> 00:40:30,800
maybe there were certain things, but certainly the punishment did

548
00:40:30,840 --> 00:40:37,360
not fit the crime. And you're basically railroaded, and somehow

549
00:40:37,360 --> 00:40:40,239
it's okay. But there are those of us out there

550
00:40:40,280 --> 00:40:44,639
who appreciate your sacrifice for the truth, because sometimes you

551
00:40:44,760 --> 00:40:48,000
have to give up everything in order in order to

552
00:40:48,039 --> 00:40:51,559
defend the truth. And it's not a pleasant thing to

553
00:40:51,639 --> 00:40:55,559
go through. But if people didn't do it, where would

554
00:40:55,559 --> 00:40:56,599
we be today? Martin.

555
00:40:57,159 --> 00:41:01,719
Speaker 1: Look, you know they had a The bankers lied to

556
00:41:01,920 --> 00:41:05,800
them to begin with. So the prosecutors honestly, were just

557
00:41:05,960 --> 00:41:09,400
too stupid. They didn't understand what anything was about.

558
00:41:09,599 --> 00:41:11,239
Speaker 3: They don't know, And.

559
00:41:11,400 --> 00:41:14,800
Speaker 1: Within six months they had what it's called the reverse

560
00:41:15,000 --> 00:41:18,840
PROFI where they bring me in and tell me why

561
00:41:18,920 --> 00:41:23,519
I should plead guilty, and they're giving me the excuses,

562
00:41:23,880 --> 00:41:26,159
and they said, look, we know you didn't steal any money.

563
00:41:26,440 --> 00:41:28,639
I said, no, shit, how do you get a billion

564
00:41:28,719 --> 00:41:30,840
dollars out of the bank and nobody knows where're wet.

565
00:41:31,320 --> 00:41:33,360
It's got to be a wire, you know. Come on,

566
00:41:33,719 --> 00:41:36,679
how stupid can you be? He says they wanted me

567
00:41:36,760 --> 00:41:42,239
to plead guilty to a conspiracy with Saffra, and I said,

568
00:41:42,280 --> 00:41:45,039
do you people understand what the hell you stepped into.

569
00:41:45,679 --> 00:41:51,079
I'm not pleading guilty to anything with Saffra whatsoever. They

570
00:41:51,079 --> 00:41:54,239
were all trying it to, you know, regime change in Russia.

571
00:41:54,639 --> 00:41:56,800
Get out of here. I'm not putting my family at

572
00:41:56,880 --> 00:42:00,320
risk because you don't want to admit that you screw up,

573
00:42:01,159 --> 00:42:04,599
you know. And even if you look at my plea,

574
00:42:05,119 --> 00:42:08,760
they wrote it and it says I don't even know

575
00:42:08,840 --> 00:42:12,639
I think I committed I pled to anything. It says

576
00:42:12,679 --> 00:42:14,960
I failed to tell my clients that the bank took

577
00:42:14,960 --> 00:42:19,800
the money for its own benefit. Is that a crime?

578
00:42:20,639 --> 00:42:25,000
Speaker 3: Yeah? Well, in the modern America, you show me the man,

579
00:42:25,039 --> 00:42:27,960
I'll show you the crime. I mean, personally, I think

580
00:42:28,440 --> 00:42:30,440
from the time I woke up to the time I

581
00:42:30,480 --> 00:42:33,800
got in the shower this morning, I committed five felonies Martin,

582
00:42:33,840 --> 00:42:35,079
and I don't even know what they are.

583
00:42:35,880 --> 00:42:36,679
Speaker 1: Yeah, exactly.

584
00:42:36,800 --> 00:42:40,159
Speaker 3: It's how many more on the way to Starbucks.

585
00:42:40,559 --> 00:42:45,920
Speaker 1: So the rule of law has completely collapsed in this country.

586
00:42:46,840 --> 00:42:51,679
It collapsed even worse in Europe. This is part of

587
00:42:51,719 --> 00:42:57,440
what the computer's projecting into twenty thirty two. And then

588
00:42:57,760 --> 00:43:01,639
the more I think charging Trump kind of opened the

589
00:43:03,159 --> 00:43:06,159
dyke to some degree that people began to see what's

590
00:43:06,239 --> 00:43:08,840
going on. We're doing the same to Bosa and Row

591
00:43:09,159 --> 00:43:14,719
in Brazil. They went to Lapenne in France, Saint Boshit

592
00:43:16,199 --> 00:43:19,920
in Romania. I mean, the president, the former president of

593
00:43:20,000 --> 00:43:24,360
Pakistan is thrown in prison. They're using this all the time.

594
00:43:25,239 --> 00:43:28,440
And there's a book I would recommend you can read.

595
00:43:28,519 --> 00:43:33,039
It's called On Liberty by John Stuart Mill and he

596
00:43:33,199 --> 00:43:37,039
has one of my favorite quotes in there. We have

597
00:43:37,239 --> 00:43:41,280
yet to free ourselves of the stain of legal persecution.

598
00:43:42,159 --> 00:43:45,800
Speaker 3: My god, that's like, that's like shan shivers up your spine,

599
00:43:46,119 --> 00:43:48,239
because they could. Just when we did it to you,

600
00:43:48,280 --> 00:43:50,400
they could do it to anybody. Martin. Then they have.

601
00:43:50,760 --> 00:43:54,320
Speaker 1: I was. And when they did the movie on me,

602
00:43:54,480 --> 00:43:57,559
the forecaster, I think I was. I think it was Frankfurt.

603
00:43:58,360 --> 00:44:00,760
Some woman stood up and says, own, this is what's

604
00:44:00,800 --> 00:44:04,320
wrong with American law, and a German lawyer stood up.

605
00:44:04,360 --> 00:44:06,039
He said, what are you talking about. We do this

606
00:44:06,119 --> 00:44:13,159
to people here all the time. You cannot allow government.

607
00:44:14,519 --> 00:44:18,320
And I have been, you know, screaming with people in

608
00:44:18,320 --> 00:44:20,480
in Capitol Hill that I'd be glad to help with

609
00:44:20,840 --> 00:44:26,159
legal reform. The problem is government should not be allowed

610
00:44:26,199 --> 00:44:30,440
to bring the charges period. And you know it's it's political.

611
00:44:31,119 --> 00:44:37,360
I saw them re elections of judges. I saw them.

612
00:44:37,679 --> 00:44:40,800
There would be some black kid going to go to

613
00:44:40,840 --> 00:44:43,039
the trial and they give them an all black jury

614
00:44:43,039 --> 00:44:45,000
and he thinks it's good and I said, no, it's not,

615
00:44:45,280 --> 00:44:48,360
because they will pick people only from areas that are

616
00:44:48,400 --> 00:44:51,760
pissed off with the young guys. I said, you're you're

617
00:44:51,800 --> 00:44:55,199
better off with a jury that's even white from outside

618
00:44:55,239 --> 00:44:55,960
your area.

619
00:44:56,519 --> 00:44:59,639
Speaker 3: And then they lets it objectively from the west side

620
00:44:59,679 --> 00:45:00,320
of men.

621
00:45:00,800 --> 00:45:05,519
Speaker 1: Yeah, I mean, it's just uh. I saw them riggs

622
00:45:05,800 --> 00:45:09,119
courts all the time. If you were Chinese, you got

623
00:45:09,199 --> 00:45:12,920
Judge Chin. I won jewet Come.

624
00:45:13,280 --> 00:45:17,559
Speaker 3: It costs me five million bucks, Judge Chin, yeah, five million.

625
00:45:17,880 --> 00:45:23,400
Speaker 1: I saw I had a Jewish friend. They gave him

626
00:45:23,440 --> 00:45:26,480
a Jewish judge who gave him an extra five years

627
00:45:26,519 --> 00:45:29,159
because he insulted because they went to the same school.

628
00:45:29,719 --> 00:45:32,320
I mean come on, this is the bullshit that you hear.

629
00:45:33,119 --> 00:45:36,920
He was eventually overruled by the Supreme Court and fled

630
00:45:36,960 --> 00:45:40,400
the country as soon as he was released, said I'll

631
00:45:40,400 --> 00:45:41,440
never come back here again.

632
00:45:41,880 --> 00:45:45,559
Speaker 3: O MG, this is horrible and we could we could

633
00:45:45,559 --> 00:45:48,039
devote a whole show to this. In the meantime, go

634
00:45:48,199 --> 00:45:51,360
over to my site Financial Survival Network dot com. Click

635
00:45:51,400 --> 00:45:56,039
the link by the book. You'll just see that half

636
00:45:56,079 --> 00:45:59,599
of what you hear from people is just illusion. They

637
00:45:59,639 --> 00:46:04,119
don't know what they're talking about. We've documented these forecasts.

638
00:46:04,360 --> 00:46:07,000
Today is a chilling one, but we'll all have to

639
00:46:07,079 --> 00:46:11,920
live with it. Martinsit Armstrong Economics dot com. Any questions

640
00:46:12,039 --> 00:46:15,239
or comments, shoot me a link kl at Carrie Lutz

641
00:46:15,280 --> 00:46:19,800
dot com. Martin again, my sincerest gratitude, and it's been

642
00:46:19,840 --> 00:46:22,840
a privilege to put this book together, to interview you

643
00:46:23,000 --> 00:46:26,719
over fourteen years. I'm looking forward to the next fourteen.

644
00:46:26,599 --> 00:46:28,199
Speaker 1: Well, I hope we have that much time.

645
00:46:28,280 --> 00:46:33,280
Speaker 2: Last thanks for listening to Carrie Letz's Financial Survival Network,

646
00:46:33,440 --> 00:46:37,360
your solution to today's trying times. For the latest, go

647
00:46:37,480 --> 00:46:43,360
to Financial Survivalnetwork dot com. Financial Survival Network now more

648
00:46:43,440 --> 00:46:44,119
than ever,