Shaun Newman Podcast - #710 - Martin Armstrong

Episode Date: September 16, 2024

Martin Armstrong is an American economic forecaster and former hedge fund manager known for his proprietary model, the Economic Confidence Model (ECM), which he claims can predict economic cycles and market trends with high accuracy. We discuss Trump/Harris debate, going against the machine, WWIII and whether Trump can win.  Clothing Link:⁠⁠⁠https://snp-8.creator-spring.com/listing/the-mashup-collection⁠⁠ Text Shaun 587-217-8500 Substack:https://open.substack.com/pub/shaunnewmanpodcast E-transfer here: [e-mail] Silver Gold Bull Links: Website: https://silvergoldbull.ca/ Email: [e-mail] Text Grahame: [phone]

This is Tom Romago. This is Alex Kraner. This is Lila Micklewate. Hi, this is David Collum. Hey, this is Gordon McGill. This is Kirk Libdemo. This is Chris Sims. This is James Lindsay and welcome to the Sean Newman podcast.

Welcome to the podcast, folks. Hello. Mondays. Oh, man, this is going to be rough. I can't even get out the door yet and I can't spit anything out. Okay, here we go. Let's try and slow this down, Sean. Folks, happy Monday.

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a week in review is up. Today we had a preview of today's episode for all the paid subscribers. That's one place you can support what I do and get a little bit of bonus content. We have the Christmas party, SMP Christmas party, November 29th, dueling pianos here at the Gold Horse Casino. Still tickets available or tables available for businesses. Shoot me a text in the show notes to my phone. and I'm down to three legacy interviews left. If that's something you want, shoot me a text as well.

All right, I can't get to the tail of tape fast enough, so let's get on to that tail of the tape. Happy Monday, everyone. He is the CEO of Armstrong Economics and is the developer of the economic confidence model based on his business cycles, which is best known for calling the crash in 1987. I'm talking about Martin Armstrong,

so buckle up, here we go. Welcome to the Sean Newman podcast today. I'm joined by Martin Armstrong. So, sir, thank you for, for giving me some time today and coming back on the podcast. Oh, it's always a pleasure to see you. Well, you've become a fixture on this side. Anytime a world event happens, I'm like,

I wonder what Martin thinks about all this going on, you know? And I was getting, I wanted to reach out as soon as Trump had been shot, but I was on family holidays and I told the wife, I'm like, listen, I'm just, you know, I'm just going to, I'm going to put this down for a bit. But, you know, since the last time we talked, a ton. has changed. And I've been thinking, I've been going, I wonder what Martin's thoughts are on the fact, Trump got shot in the head and survived. Biden had maybe the worst debate I've ever seen a presidential candidate have. I could be wrong. You probably know better than me. Now you have Kamala Harris,

and now you have a Kamala Harris Trump debate. Your thoughts? Actually, from the beginning of the year, I mean, I warn people that Biden was not going to be candidate. And I mean, this whole thing has been set up. The neocons effectively really wanted Harris. And what's happened is, is the Democrats would not allow anybody to challenge Biden. because the plan was that he would step down after the Republican convention, which just ended up what happening. If somebody else was on the ticket, then they could have replaced him at the convention.

That's why they wouldn't let even RFK on. All right. So what happens is he had raised all this money, and then they just handed to Camilla. All right. So that basically kind of pushed Hillary and even Michelle Obama out because they didn't have any money raised. Camilla was already all over the news everywhere ahead of the convention. So that was basically all a setup.

She's just honestly, she's just a younger version of Biden. That's it. She does what she's told. And the evidence of that is when she was sent to the Munich Security Conference. Now, that's not a job for the vice president. That is where the Secretary of State is supposed to go. All right. National security stuff, not the VP. Any VP is just based. basically a placeholder. So when they sent her, that was very curious. And what did she say there? Oh, you know, Ukraine should join NATO. All right. Three days later is when effectively Putin crosses the border to protect the Dombas. Blinken should have been the one there, but that statement basically tore up every treaty with Russia since 1991. He could not do that because he knows those treaties. So Camilla doesn't know pretty much anything. So that's why they used her for that.

And look, she did a good job for them. That's what they want. Now, I was actually in Berlin, and I know some of these neocons. And I had gone down to Mar-Lago for dinner with Trump back in March of 20. And that's when he was president. And he stood up and he said that he wanted to bring the troops home from after. Afghanistan. But the reason was, he said he was tired of writing letters to their families to say your son died, you know, forgotten country. And he said at that time, he said, what are we doing there?

You know, they've been fighting over borders for a thousand years. What difference are we going to make? That was the first time I ever heard any head of state even. bring up the question of who dies in battle. And I've known many of them, as you know. I mean, I love Maggie Thatcher. We were good friends. Even went to her house for Christmas. But the Falklands War, there was never any question about people that died to do it. That's just what you call collateral damage. You know, that's the way it's viewed as a politician. So when Trump said that, I realized why Washington hates him so much because he's not a politician.

He actually looked at it from a human perspective. So when I was in Berlin, knowing that he is against war, just like JFK was, and RFK as well. That's why I was basically trying to get RFK's people to join with Trump. I said, look, at least the two of you have one thing in common. You're both anti-war. So the problem you have here is that the neocons have spent their entire

life hating Russia. I think it was from when Khrushchev said, we will bury you, and they all got riled up and we're going to spread democracies of the world, that sort of thing. And when communism fell, they didn't change. I was in Washington back when, you know, working to some degree with the Reagan administration. And that's when Gorbache came out and Reagan wanted to go talk with him. And the neocons were against it. They said, oh, they couldn't say he was a communist anymore. So they said, you can just never trust. to rush it. So the communist just turned to racism or something. But, you know, Reagan went anyhow. And if he didn't, look, the Berlin Wall wouldn't have fallen. All right? So they have never

changed their view, period. You can look on YouTube, McNamara, who was the Nebuchadona, that took us into Vietnam. Before he died, he did a video, and he also wrote a book. And he said the reason he's doing this is because we should learn from our mistakes. And he admitted there on Vietnam, we were wrong. They thought Russia again was behind it. And he said, we were wrong. It was just a civil war.

Fine, 58,000 Americans died because they were wrong. How many, you know, over a million Vietnamese died, all right, because they were wrong. Weapons of mass destruction never took place. Look, it's, so I said on the blog and also, you know, in private meetings, knowing these people, as I do, I could not see them possibly allowing Trump to be present. They've spent their whole life hating Russians. They're so close to creating World War III that they got NATO in their pocket. I mean, the whole thing is crazy.

Just yesterday, the head of the Netherlands defense minister, he came out and said, you know, it's okay. Zelensky can use our missiles to even attack Moscow. Kill civilians. It's all right. It's all in self-defense. You know, it's just fine. You know, I mean, you're inviting World War III. That's what you're doing.

And so this is the agenda. And unfortunately, I said in Berlin, I think they're going to assassinate Trump. It's just their playbook. You know, Epstein, you know, oh, suddenly commits suicide. Nobody's ever allowed to go to trial that would, you know, if Epstein had gone to trial, he's bringing him Bill Clinton to the stand, etc. Not going to happen.

Just not going to happen. All right. So you're looking at that was clearly a setup. The same as JFK. And the evidence has come out. The Trump was denied sniper protection for two years. How come they showed up that day? All right.

And the way it works, oh, they shot the guy, but only after he shot. They saw him. All right, there were people screaming. Hey, there's a guy on the roof with a rifle. Did they shoot? No. Well, well, maybe he was. shooting ducks, you know? It's, come on. This is out of their playbook. The same thing with the

JFK thing. You know, there's no way they were going to ever let Oswald go on trial. Just not going to happen. Here we are over 60 years later, and they still refuse to release the papers on the JFK assassination. Sixty years later. You think if Trump gets, you think if Trump gets in and actually release those? Yes, I think he would. And the fact that Bobby has joined him definitely. What? Have you ever asked him why he did?

Well, I don't know if you, you know, if this has ever come up in conversation. I'm always curious, but he's already been president. Why didn't he do it the first go around? Why? Because he did. And then they said COVID. And they asked him for a three months. month delay, but it was after the election. If you look this up, he granted them the delay

because of COVID. And they knew, I mean, the 2020 election was basically, it was rigged in the Congress, not in voting machines and all that kind of nonsense that people were focusing on. Forgive me, what do you mean rigged in Congress? The FBI has testified even before Congress. They could not even put a number on how many agents they had there in the crowd. Once somebody breaks the window and says, come on, let's go, which was probably an FBI guy or an agent or undercover guy or whatever, then that allowed Pelosi declare emergency rules.

Why did she need to do that? Because there were seven states that were going to be challenged. And it requires at such an account, if a state is going to be questioned, their vote, it must go to the floor and must be fully debated. So she used emergency rules to shut down seven objections. And she imposed COVID rules that only 53 people could be on the floor at one time. Very convenient.

So basically, that's what I'm saying, the coup was in Congress. Because if even you take just one of those seven states, if one had been. debated on the floor and they agreed. Their vote is bad. Trump would be president. It's, you know, it's not about little old ladies counting twice in the voting machines. They access, you know, they did this in Congress. It was very clever. But then they used it to say, oh, 14th Amendment, it was an insurrection, probably led by the FBI. anyhow but look the deep stage just does not want Trump RFK they don't want anybody from outside of Washington that's the way it works so when you look at

you know like this team that is a mass on the Republican side you got Trump at the helm and then of course you got Vance and you got RFK and you get Tels Tulsi Gabbard and you and you got Elon Musk pushing them and you got all these different forces in the next 50 plus days before the actual election. What do you see coming or what do you think? Look, the computer says Trump should win. All right. And it's based upon economics. All right. Personally, I can't see how they would allow that to happen. I think that was the assassination attempt. Do they pull it again? Or they just rigged the vote again. I mean, I, it's,

I can't see this. When you go back to, when you go back to 2020, though, Martin, did the computer predict Trump and it didn't come out? Or did the computer predict Biden? No, it basically showed 50-50. There was, I've, you can look it up on our, on our blog. 16, yes, it showed that Trump would win. 20, it was, I said, look, this is a toss up. This is like 51%. If you look at elections, I think Obama won 51.5. This is what you're looking at. You're going to have 40% of the people always vote Democrat no matter what they say and 40% vote Republican, no matter what they say, or who even the candidate is. So elections are decided by the independence.

And so you typically see they win by maybe one and a half, two percent, maybe three. There's only three presidents ever reached 60 percent. That was FDR one time during the Great Depression. Johnson right after Kennedy was assassinated, probably a sympathy vote. And Nixon, when he said he's taking his out of Vietnam. Other than that, look them all up. You'll see it's like 51, 52, 53. I mean, that's it.

So the 2020 election, the computer came back. It was 50-50. And, you know, so it wasn't really that dramatic difference. It wasn't projecting 60% for Trump or something. And this go around, it's not doing the, it's not showing 60%. for either one of the candidates? It is showing very strangely. And this time, I think it would be rigged if Camilla wins.

Because out of six models, only to show that a Democrat would win at like 51%. Two of the six models are dramatic. One shows 61% and the other one shows a 61%. and the other one of 59% for Trump. It's like, I mean, this is extremely unusual. And so I don't know what to say. That's the computer. That's not my opinion.

My personal opinion, I don't know how the computer could be right because I think there's, it's, there's too much a stake for these people. Well, I look at, I look at, you know, some of the conversations we've had up to this point. And one of the dates you always talk about is 2032, right? And things getting worse, not better. And I'm like, well, if Donald Trump gets in, I could be wrong on this.

Maybe you can pull me off, but you already said him and RFK, the one thing you guys got in common is you don't want war. And I'm like, if all of a sudden you start to dampen the war drum, you start to dampen some of that so that it, that, you know, the fear gets turned down a notch, not turned up a notch, you would think that things going towards 2032 would, I don't know, maybe change a course of direction. But then again, you also said, no matter who wins his election, the other side's not going to believe them. And essentially discontent goes up no matter what.

Yeah, just look, our computer is monitoring the entire world. All right. Sixty percent of the world has gone to elections in 2024. And look at Europe. The EU election flipped to the right. France, big turmoil. UK, throughout the conservatives, go to the left. It's even go over to Bangladesh. They chase the Iron Lady out. You know, it's more or less, I wouldn't say it's a left, right trend you're looking at. It's more of a whoever is in power, just throw them out. And that's kind of what we've been talking about. The government, people are just frustrated.

I mean, we've got offices, you know, everywhere from China to, you know, Dubai. And all I hear is the same complaints, maybe different reason. But all I hear is the same is nothing but those people in power, they got to go. You know, for whatever reason it is, everybody seems to be pretty much frustrated with their government. I mean, they're in Canada as well, you know. Well, I mean, from where we sit, you know, just take our federal government, they enacts, acted COVID upon us, right? So like all the lockdowns, all the, all the, just take it all, they did it all. And, um, without the freedom convoy, we, you know, do we ever get out of that?

That's an interesting question. Doesn't matter because something else played out. And so you can understand from that standpoint why part of the portion, part of the population wants to not. Then you start tacking all the money they printed and the inflation and everything going on, uh, the mass immigrate like, I mean, here in, in Canada, I think it's up 1.2 million was how many people came through in the last calendar year and you go okay so like these things are starting to stack up which more and more people are starting to understand through different ways this plays out in society and so it isn't just the people that were against the mandates of COVID now it's it's starting to be like a handful of things and I'm not even getting into made like medically assistance

and dying or or the free drug thing or on and on all these insane policies go uh it's just seems like it's at absolute peak insanity and everyone wants something different. And I don't know, that's from a Canadian perspective. Look, it's everywhere. I mean, I have a friend in Germany. He has a 13-year-old daughter who will not even allow her to walk out two blocks to the bus stop. It's that unsafe over there. You're seeing that here, you know, in many, in many places in the U.S. This is part of the strategy. And I can tell you, you can look on our site. We published charts that what we do is we take the total number of seats, House and Senate.

Who has what? Okay. And when you plot it out that way, you see that basically since World War II, The Democrats keep making, it looks like a bear market. They're making lower highs and, you know, deeper lows. So this whole migrant thing is, it's an act of desperation. And I first encountered this back in 97. I had the mandate from Hong Kong.

And they wanted me to negotiate with the Australian government. they knew I knew them. And so I met with the former prime minister down there, Paul Keating. And I said, hey, look, you know, sell us this island, no. Can we let them come in? We'll take the upper left-hand corner of Australia. Nobody's there. No, no, no, no.

Everything's no. And I said, I got a blank check here. I'm authorized to pay off your national debt. And I'm like, what is this, racist? I thought, you know, you just don't like Chinese. I mean, it just made no sense to me. And that's when he said, no, they were fleeing communism. And if we allow them into Australia, they will vote conservative.

And he was a labor government. And all right, that was the first time I encountered this trend. And look, the very first day that Biden entered the White House, the very first executive order that day, what did he do? Open the border. This is, these people are desperate. They think they need to allow all these people in and they give them a free lunch and they'll vote Democrats so they retain power. That's what this is about. All right, and they're looking for the same thing in Canada, throughout Europe. It's, they don't, you know, all they are looking at is, is their own self-interest. They don't give, you know, honestly, they don't give a second thought to what it's doing to our culture, our safety. I mean, over a thousand girls were raped on New Year's Eve, you know, several years ago when this all started. Europe's worse because Europe they basically allowed all these Muslims in and if a girl's not covered, it means she's a prostitute.

I mean, that's just the way they were raised. You know, it's just simple as that. And, you know, and Merkel to hide that told the police to omit the word rape, assaulted. I mean, this, I mean, you can't mix cultures like this. When everybody from Europe came over here, it wasn't a free handout. It was they came here to own land to basically work and make a life for themselves. I mean, these people that are that, that Biden has let in, they're getting more money than you would get on Social Security. And they get complete free health care. Nobody gets that.

Not even a congressman. I mean, other than a congressman, they get it from there. They're not even in the Obama Act. They're exempted. So they're just trying to buy votes. That's what this is all about. And my concern is that you already have so many of these aliens, and they go get just a driver's list.

license and all you need is a photo ID and what's your address. Oh, I live over there. Yeah, okay, fine. Does anybody check? No. Um, and I mean, I went down the vote and I wanted to see. So I checked. That was it. You know, it was that your address. Yeah. I could have been anybody's. You know, I mean, that was it. Oh, you know, got a driver's license. That's all. So does that prove on an American. Look, I have an English driver's license. All right. I, you know, I used to live in England. Does that make me British? No. So, look, this is, the debate last night, I mean, Kamala won, I think, hands down. And, but she was so prepared. paired. And she was engaging in psychological warfare. And I've had some friends in intelligence,

and they basically showed me some of the tips to be careful about. When she enters this stage, she walks over to his side and shakes his hand. When you have been demonizing somebody, he's a piece of a shit, whatever. And then you wonder, oh, hi, how are you doing? Okay, that's the first thing you do in psychological warfare. You disrupt their expectations. What has made Trump want to run for president? Because his whole life, people were saying, oh, you're just a rich boy, you got daddy's money, and you didn't really do anything. And, And what did she do? Oh, you were handed $400 million.

It's all psychological warfare. And she did a great job at it, and Trump took debate all the time. You know, I got to call the shots the way I see them. I know really what went on. She didn't answer any of the significant questions, and she disoriented Trump with that tactic. that he didn't even come back and say, hey, you know, you want to tax unrealized capital gains. You're going to destroy the economy.

It's just the way it is. I mean, you know, these people make it sound like, oh, all these billionaires. All right. Bezos, fine, worth six or eight billion or whatever it is. That's in stock value. It's not cash. All right. So now you say, oh, they've made so much money. We won 25% of that. How does he get it? It's got to sell the stock.

You will create the biggest stock market crash that's probably going to make the Great Depression look like a trial run. If all these billionaires have to start liquidating 25% of all their stock, even Bill Gates, all right, what's going to happen? All right, the stock market goes down. You're going to wipe out all the pension funds because they're all into it as well. You're going to create a one-way market. That's what a panic is. When I was called into the 1987 crash by the Brady Commission, and, you know, I really didn't want to go in.

They started calling all my friends and lobbying. And Marty, if you don't do this, they're going to come take our computers. You know, they're pulling my heartstrings then, you know. I went in. All right. They had some professor from MIT or something. And the first words were, we're going to find who shorted this market,

made it go down. And I said, excuse me. Do you understand how markets decline? Yeah, I buy, I borrow stock from this guy and I sell it to that guy. So how does a short ever outman? number of the longs. All right. I said, futures, they've got to be matched. And, you know, I said, look, you don't understand how a market goes into a panic. All right? Some event happens.

You've got 99% of everybody that ever thought they wanted to buy are in. Something happens. what event, you know, somebody shot or assassinated, whatever, all right? And they turn around, they go, oh, I better get out. You try to sell. And what does the broker tell you? No bid. Markets will go down a thousand points. All right.

This is how they decline. And, you know, I've said before, when I was in Tokyo, this one guy bribed his way in to get into one of our institutional sessions. And he came up to me and he apologized. He says, look, I just had to talk to you. I said, what's the problem? He had bought $50 million worth of stock, the day of the high of the Japanese stock market. He was in his over 45, maybe in 60s or something.

And he basically said it was the first time ever in history that he ever bought. stock. Now I met the guy that bought the high, right? And I asked him, I said, what made you do that? And he said, brokers had called them for seven years and said every January, the market goes up 5%. And he watched it for seven years, and they were right. So he bought it December 31st, 1989, and the market is down 40%. He still had the same position, you know, and when you you have sucked in that last possible buyer, there's nobody else left to keep taking it higher. That's what academics don't understand. They've never traded. You pick up the phone. Where's the bid? There is none. Because everybody's, nobody's going to step in on some sort of an event like that. All right? Everybody pulls back.

And everybody that is long is trying to sell. It's not a short player. I told them. I said, every investigation since 1907 has begun with those same words. And guess what? Nobody has ever been found. All right, because you don't know what makes markets move. You know, and this is a disaster. I don't know, maybe if you can hear it, I'll ask the computer. Let me see. will result in a two-year correction into 2026.

The minimum correction would be 20% with the next target being a 44% decline. Did you hear that? Yes, but I'd appreciate it if you'd repeat it for the audience, Marty. I just asked the computer what we have what if models. So I just asked it, what if Camilla won? And it said it would be a two-year correction into 2026.

with a minimum correction of 20% with the second target being 44%. I mean, fundamentally, I can see that being, you know, probable. You put in this, you know, taxing unrealized gains, and they have to sell 25% to pay the tax. Maybe more, because as the stock goes down, they're going to have to sell more to pay the 25%. that they were assessed for. I mean, these politicians, they, the biggest problem with the left is that they don't know how to run. The sales job is always vote for me and I'll take it from this guy and give it to you.

That's really what it's all about. All right. Maggie Thatcher said that socialism doesn't work when you run out of other people's money. And that's basically it. All right. They don't run and say, vote for me because I'm going to manage it better, blah, blah, blah, blah. No, vote for me because he's evil. It's a Democratic convention. They threw out Trump's name 329 times. all right it's just a hate fest it's got nothing to do with policies nothing

vote for me because he's bad that's it okay what am i actually voting for oh that's irrelevant don't worry about it this is where we're at in politics not just here it Canada

Europe it's everywhere so if if you go off of and i i guess that was socrates correct or is that just a computer one. Okay. Well, that's a first for me on this side. That's, uh, you know, I'm like, oh, I'm getting to see. Anyway, um, surreal moment. If you go down the rabbit hole of Kamala Harris winning, right, and you get to the 20% or, or 40, what does that look like to the just the average person going to work? Like, I'm just trying to contextualize what you're talking about there of like,

okay, so yeah, Bezos loses a bunch of money. What do you do? You know? It's like, but folks, let's bring that down to the ground level. Yeah. I mean, you have all those people who have these companies. Okay, fine, yes. On paper, they're worth billions. Very nice. But it's not cash in the bank.

So to tax that, now they have to sell. So then you're going to create a one-way market. There's nobody that's going to step up and buy. when they know everybody's going to sell. Yes. So your pension funds go down. It's not, you're not going to just get Bezos. No, we're all connected here.

And that's going to go down. When that goes down, what happens? People spend less money. You get into a recession, which are computer showing into 2028. A recession basically unfolds when there's uncertainty. This election has. is bringing uncertainty, you know, into the forefront. Then you have war, all right?

You have these neocons threatening war on forefronts. I mean, they're complete idiots. You know, you got Blankin threatening China over Taiwan. Then you got North Korea. Okay. Then you've got Ukraine and Russia. All right. Which they have now authorized going in.

into Russia, no less. They're desperately trying to create World War III here. The head of the Defense Minister of Netherlands just approved yesterday that Ukraine can use their missiles to attack even Moscow. Go ahead. Kill as many civilians as you can. Maybe that will get Putin to attack us. And then they say, oh, see, he's the, he's the aggressor. Yeah. I mean, this is, it's what FDR did. All right. There was a whole Senate investigation on this. All right. FDR to get Americans or isolationists. I mean, there was a documentary. I forget what it was named, but I watched it on FDR.

And he went to Boston and was trying to get, you know, to sell the idea of U.S. getting into World War II. and the Irish said, you want us to go over there and fight for the English after what they did to us? You know, he could not get Congress to grant a declaration of war to go into Europe. So what it shows is that he did to Japan what we're doing to Russia, froze all their assets, cut off their energy. when they said they were going to go get energy from another source, we're going to put a blockade on you. He did everything to make sure Japan would invade. All right.

And you can look on my site the day before, or two days before, the Honolulu Press even put on the front page, we were going to get attacked by Japan. There was a leak. And the Senate investigation was that the U.S. had already broken the code of Japan. So they knew. And so the investigation was, well, did FDR know? Well, we're not entirely sure if he was told. They couldn't say that people in the government didn't know.

They did. And was even leaked in the newspapers before. before. Once Japan attacked Pearl Harbor, then he got into the war. He couldn't get in before. These people will do whatever they have to. And this is the same routine they're doing with Russia. Can I ask, I want to just take a hard left turn here just a bit. And, you know, when we first talked, the first time I ever had you on the podcast, I asked you, about, you know, the story of being in jail and, and, and, and how long that was. That was 12, if you, if I'm wrong, it was 12 years, correct?

11 or 12, something like, I got out in 2011. They put me in in, I think I got out in September 11, and they put me in in January 99. Okay. So 11, 12 years, people can go back and listen that because I, you know, like, the reason I bring it up is just, Just this past week, you know, part of the protests that went on in Canada, there was the Coots Blockade. And the Coots Blockade saw four men, tried, sorry, for conspiracy to murder cops, RCMP. And they all got acquitted of that, but two of them in particular are now sentenced after spending and remand, which is, you know, they hold you there and most people get out. and these men didn't, they didn't get bail for 900 plus days, and now they've been sentenced to six plus years in jail,

which, you know, on the positive side or the upside, they got maybe three years left. And if they do things right, maybe bail and, you know, less than that. I was just curious your thoughts on people standing up to the machine or just speaking out against the machine and the dangers of that, because you've experienced in your lifetime, Well, I mean a harsher sentence than most.

Well, it's the whole problem is with the legal system. It's just too corrupt. When I heard Trump was charged in New York, I said, well, now he's going to see what New York really is. All right. They do everything they can. They lie about everything. The only reason they ended up having to release me was I finally got into it. the Supreme Court, which took seven years. All right. The Supreme Court, the statute for civil

contempt is what they put me in for. We'd never give me an order to say what it is I'm supposed to do. I stood up and I said, can I have an order of what it is I'm actually supposed to do? Oh, I thought you had that. No, I don't. Okay. This just went on and on and on and on. And I finally got to the Supreme Court and the Supreme Court ordered the government to explain because the statute for civil contempt is maximum 18 months. They kept rolling it every 18 months. It's supposed to be one time only. That's it. That's why Congress did it. All right. Because you don't get a trial. Oh, it's civil. It's not criminal. If criminal, you'll be entitled to a trial. Civil, oh, it's just coercive. All right. This is the legal fiction that they use.

So, I mean, technically, I wasn't in jail. It was the, not personally, it was the corporate officer. And a corporation has no rights. I personally have rights, but yes, but you're not there as you. You're there as the corporate officer. This is the legal fictions that they pull. And only when the Supreme Court finally got it and said, what the hell is going on here? And demanded they explain the Solicitor General, who then has to represent the government in the Supreme Court,

called my lawyer and says, look, can we get a, you know, a postponement here? He says, no, you've had plenty of time, you know. And basically, you know, the Solicitor General said, look, I'm not going to. argue this case. We're going to lose. You're crazy. Release the guy. And all of a sudden, you know, the Second Circuit changes the judge, says, well, perhaps a fresh pair of eyes will, is needed. And I mean, this is the nonsense that goes on up there. You just look at Trump's trial. And when I, when my My case ended up in New York.

My lawyer said to me, oh, shit. I said, what's the matter? He says, you don't understand. New York practices law differently than any place in the country. And boy, did I find out. And that's why when Trump was charged in New York, I said, he's going to find out. How does an acting judge, who's a prosecutor, not even a formal judge, gets the biggest case in political history? And another one.

He's not even a judge. He's a prosecutor brought in. I mean, that's it. So are we, I guess on this side, am I just, you know, and I just think of my audience, because, you know, some of them are,

well, lots of them are brilliant. I'm just slow, maybe on the uptake, but what I'm starting to understand is this problem has been here for a very long time. This isn't something that just happened willy-nilly.

Here it is. Here's the problem. We've got this little thing and we can fix it overnight. Like, this has been, I listened to your story, you talk about Trump, I just had, or about to have military guys on, a military man talking about methylquin in the Canadian military and how, you know, they, in Somalia, they gave them all this experimental drug and, and, you know,

and then Canadian soldiers killed a smallian. And, you know, it was just kind of, everything's just been pushed and it's been three decades since that happened. And you just go like, this goes on and on and on and on. And so maybe what I'm understanding is, you know, like when you're going to do things, understand the abilities the government has. And it feels like there's no depth they won't go to to ensure they can eliminate you or push you to the side burner and have nobody even know that this is happening. Look, when your lawyer, I was in, when they had me in prison,

my lawyer told me be careful they're probably going to try and kill you this is what your lawyer tells you all right yes they did all right i was in a coma for about a week or whatever i survived all right this is what they do you know epstein oh we commit suicide the cameras were off uh he was by himself I mean, the excuses are endless. When the forecaster movie came out, you know, I did a tour with it in Europe, et cetera. And I think we were in Frankfurt or maybe Stucard. I don't remember which one. But a woman, you know, after it plays and you answer questions and stuff like that.

And a woman said, this is what's wrong with America, their legal system. And a German lawyer stood up and he says, honey, we do this to people. people here all the time. And I was Germany. This is just when after 2032, the number one reform we have to have is legal reform. Governments have to be stripped of this ability to bring charges against anybody. The problem is, is that an individual, prosecutor does this. And then because, like there's a tape out now against this guy, you know, his prosecutor in New York against Trump, Bragg, an undercover tape. With another prosecutor saying, case is all nonsense. It's all made up. And the whole reason it's taking place is

because Bragg wants to make a name for himself politically. He says, you never heard of his name before, did you? You know, this is out. You know, it's, it's, this is the way it goes. All right. They charge somebody and they look at, you know, look at Julianne. He brought charges against John Gotti, the head of the mafia in New York. That made him famous. Then he becomes mayor. Then he tries to run for president. This is how they, they climb the ladder. Chris Christie, Governor of New Jersey, prosecutor, same thing. They become famous by bringing down somebody with a name. This is the problem.

Because then once they charge somebody, all right? I, you know, just look at my case. I mean, it was like, oh, he took a billion, you know, a billion dollars is missing from the bank. They never even asked the bank. is there any what's the evidence of that he took it out nobody asked that question so they put in receiver oh define the money all right i said the bank took the money oh well we believe the bank only because i did a press interview in japan and told all my clients if you don't come over here

and sue this bank you're never going to see a dime they did they listened to me that we worked together then they put a gag order on me to prevent me from helping my own clients. And then the bank was forced to plead guilty. All right. Were you ever? It was just crazy. I know this is getting into the personal things, but were you angry about that?

Like, was there a time where you were just like, like, what is going on? Or have you always been, like, because, you know, it's funny. And I know it's years past now, but it's not that far back. When I, when I listen to talk, Marty, I'm like, man, they tried to kill you. They stuck you in jail. They kept rolling it over so that you had to stay in jail and you talk, you know, you're just like the extremes they went to bury you. And I, it's, it feels like I'm, it's almost a deja vu me having the same thought, which is just like, how are you so light about it? That, because that's the way it comes off.

Basically, you know, no, people have asked me, how come you're not bitter? Because I just know the system. You know, it's, it's, um, you know, you. You can't walk around and say, you know, it's just I understand the game. I don't know how else to explain it. Fair. You know, they're coming out with a sequel now in the forecaster, I think, before the election. They're turning it into a Hollywood movie.

I agree to do these things mainly because hopefully it will make a difference in change. just as you're saying, if people understand the depth of the corruption that we're dealing with, you know, it's, I mean, I said in what they call reverse proffer. I mean, usually they charge somebody, you give up somebody and you get less time. A reverse proffer is when they figured out you didn't do anything. And they come in to try and get you to plead to some lesser charge, all right? So I'm at this reverse proffer. And he says, well, we know you didn't take any money.

I said, you know, no shit. How do you get a billion dollars out of a bank without a check, a wire, or something? You know? And he said, but we're not going to drop the charges. It's because it's his personal career. If he drops the charges after everything he's done, everything you've said, just like they're attacking Trump, always a demon this, that this is what they do they demonize you all right then you just can't stand up and just say oh sorry

i was it was all mistake why not because then you'll never get a career that's that's the human part of this yes that that's it um if you look at any of these prosecutors that brought a famous case they all have it in their resume i was this i was that right look at the ones in my case not one even mentions me. Nobody wants to be associated with it. People trying to do the movie did it, Freedom of Information Act to the Commodity Futures Trading Commission, trying to get everything that they would have had on me. Oh, so sorry, we don't have anything left. Everything's gone. Just vanished. This is government. It is so corrupt. I can't.

We need major, major reform. Well, one of the, one of the things I enjoy about having you on, Marty, is you got this wealth of experience. And, you know, you've been through things that I'm just like, you know, I wish upon no man to be honest, right? Like I just, you know, to be dragged and then, you know, buried. And here I am in my infancy, if I, I hope in covering and being a journalist and like just trying to understand things.

And at times you see it play out. you're like, I can't believe I'm seeing this play out. I couldn't believe, like when Donald Trump got shot, I had about 17 conversations, including ours, where that was a possibility. And I was just like, it'll never happen. Come on. That's, that's like, and then it happened in front of me.

And I was in Idaho at the time. And I cannot tell you the level of like, this feels like the most surreal moment on my life. Because I've talked about it so much with different people from a, around the country and extended internationally where I'm like they they won't go to that but you you know I just go back to you you know you do the Epstein thing it's like well yeah he killed himself it's like no they my lawyer literally told me they're going to try and kill you which they tried

and I was in a coma and you go so they missed and I'm like it's hard to where I sit in this like early stage is to try and put those to like see that and then to understand that and then to move forward knowing that these similar situations can happen over and over again the closer you are to the bullseye I guess well look I mean um you can Google and you'll see Nixon had a head of the CIA in his office and on the tapes it said I know who JFK who killed JFK. All right. The Watergate break-in people, X-CIA. Come on, you could have got a couple of guys from the hoods to break into an office and not get caught, right? Oh, gee, you got me. Sorry about that. But I had bumped into Nixon on the beach in New Jersey after he had left office.

normally a president's going to have a secret service around them for life he didn't why google it and you'll find out Nixon after he left office refused to accept protection from the secret service why just answer the question why he knew JFK was taken out.

Okay, why? He was against the war, and he also wanted to shut down the CIA. There's a declassified document you'll find on Wikipedia, the Northwoods project. The CIA proposed to JFK killing Americans, pretend and blame it on Cuba to justify an invasion. JFK refused. It's on Wikipedia. It's been declassified. I believe they've just declassified now. What I was told is the conversations over Iraq. That the generals basically, they were told we're going into Iraq. We're going to take it out. We'll do it in less than 30 days.

and then we moved directly to Tehran. This was a planned invasion of Iran as well. They got bogged down in Iraq, and they never made it to invade Iran. But that's been declassified. You think nothing ever is what it seems. Do you think they'll ever, you know, I just wrote it down before I let you,

out of here. I want to just ask quickly about Epstein. Because I, I, you know, like tons of speculation, tons of everything, right? Certainly, we know a bunch of pieces and it gets pretty dark real fast. You think they'll ever release more information on Epstein or Gillian Maxwell? Will she ever have this, this moment in time or are they never going to allow that to come to surface? I don't think they would allow it. Maybe if Trump got in, they might got a shot at it. But, look, that is standard operating procedure in the industry. This nonsense that, oh, Epstein was a child molester or whatever. I don't think you or I could possibly tell the difference between a 17-year-old and an 18-year-old.

Just looking at them. We're not talking about seven-year-olds here. And you take the prince from England. The legal age there is 16. our legal age is one of the highest in the world at 18. So why do you do it here when you could have simply gotten an island in the Canary Islands and done it there? Why did you do it in the United States? Blackmail. Look at all the people that he had on his list.

One of the girls even said that he said that Clinton owes him. All right, this is blackmail. You know, look what I got on you. If you don't do this for me, then this is going to come out. This is the way it happens. You know, J. A. G. Hoover was famous for that. They walk into a politician, say, listen, we found out you did this. that if we found out your opponent could.

I've known people from Congress, they're scared to death of the intelligence community. You even have a video of, I think Schumer saying that Trump's an idiot. You don't criticize the intelligence agency. They have every which way to get back at you. That's open to the, you know, on YouTube. This is the way it really works. Epstein, basically, the question is, did the prosecutors there do the same thing like they did to me?

They thought, oh, wow, you know, big famous case, I'm going to become famous, and they stepped into a pile of shit. And then all of a sudden, you're not going to be so famous because we can't allow this guy to go to trial. and then they suddenly disappear. This is when you take the mortgage back security stuff. I can tell you, I won't name the bank, but they fed the information

to Elliot Spritzer, who was the prosecutor for New York. He went and charged AIG insurance. Why? The deal was, okay, fine, I'll back off. but the CEO, the founder of AIG, had to resign. Why?

Because he would not write the mortgage-backed securities for Goldman and everybody else. He's replaced. They used Elliot Spritcher to do it. They gave the evidence to him. Spritcher then thinks he's done this on his own. What did he do? He's now going to clean up All Street. All of a sudden, what happens?

Oh, you've been writing checks to hookers. They forced them to resign. I mean, look, this is standard operating procedure for these guys. A congressman I know went on a tour in China with a whole bunch of them. And they have a good-looking Chinese girl. escorts the group around. And she says, oh, here, I'll give you the pictures I've taken in a trip when they're going to leave. She holds her phone next to his.

She then has all his phone numbers and contacts. I get a call from Washington. China probably has all the contacts of you, et cetera. We're just telling you because there was a security breach. All right. Thank you. Okay. I mean, this is standard.

This is what goes on. So is it just shocking then, Martin, that more and more people are starting to understand this because of conversations like this and the ability of the internet to connect people that normally wouldn't have been connected and they can't silence everything. Is that surprising to you? Or are you like, oh, no, lots of people have known this for a long time? A lot of us have known. I was always warned about they use good-looking women to get close to you or whatever. You know, there was a famous Russian spy. You used to sleep with people in New York.

She got caught. They're gorgeous, all right? Some good-looking girl would come up to me, and I would always have to step back and look, yeah, okay, fine, what is it? You want? I mean, that's just the way it is. It is. It's just, you know, they say that Naomi Campbell may have been involved with the whole Epstein thing. I was flying back from London one time. I'm standing out on the curb waiting for the limit to come pick us up. My assistant had gone to the bathroom. And there was this tall, good-looking black girls standing there next to me and saying, oh, gee, you know, you fly, you know, back and forth to London a line. I said, yes, okay. I thought she was a hooker because she had the short black leather skate, you know, skirt on the stiletto heels, which is more or less the

uniform in New York. And my assistant comes out, we get in a thing and she said, boy, I can't leave you alone for five minutes. You're talking to a supermodel. I said, who are you talking about? I said, I thought she was a hugger. That's Naomi Campbell. I said, I'm sorry. I don't read the fashion magazines. So you always have to be on guard all the time. It's just the way it is. They use particularly women to try to get into you. And that one from Russia, I mean, she was written up in the papers all the time.

And she was called, I think, Putin's number one secret agent or something. something like that. But, you know, this is standard. What Epstein was doing is part of the industry. It was all blackmail. You know, if you're really into, you know, first of all, I don't think we would know the difference between the 17 and 18 year old. You know, but if that gives you some sort of a thrill, I don't know. would you then tell it to all your friends?

I don't think so. And the people he's bringing into it are all names. It's not somebody he's having a beer with down at the pub. How, you know, once you go down the Epstein, like, rabbit hole, you know, it can get real dark, real fast. How dark do you think the game is when it comes to, uh, sex trafficking, children, on and on and on. I agree with you, the 17, 18. You might even be able to say the 16 to 18,

you're like, I'm complete moral. I'm married, got young kids. I just walk away anyways. But, you know, when you go down those rabbit holes, you know, like different movies have come out talking about kids being trafficked, and there's some pretty disturbing thoughts, material on and on it goes in that realm, Martin.

When you stare at it, do you give any of that credit or how much, you know, how much of it is in that realm, I guess? Yeah. I mean, I know in Europe there, I even tell my staff, you know, you never walk around the streets by yourself if they're female. Because there have been kidnappings and stuff of that, you know, not child, but they, they, you know, for a sex trade or something. They kidnap them and they,

I think they've made some movies on it like taken or something like that. That's true. That stuff does happen over there. You know, the child stuff, I don't know. I haven't really encountered that aspect of it. To say if it's real, made up, whatever. There's usually some truth to something. But, um,

You know, it is much darker out there than you suspect. Even, you know, in court, the court, when they took my lawyers away and give you a court appointed lawyer, he even said to me, said, would you like a good-looking girl to come in to see you? He said, excuse me? Yeah, yeah, yeah. He was on a terrorist case and said, what they do, They hire good-looking girls as supposedly paralegals to sleep with the prosecution. They get information.

The prosecution does the same thing on the opposite side. These are in terrorist cases. And the courts pay for it all. I mean, I was just completely shocked. It was like, no, I don't thank you. I don't need anybody come in to see me. It was just what I've encountered is just off the charts. begin to see it's one of the reasons it's one of the reasons i enjoy talking to you martin you know

like i mean you just have um this this insight into a ton of different things that uh very few people have there certainly there are others but uh it's it's always enjoyable having you on this side to answer some of these questions from a guy who's just staring at it you know at times naively uh anything i joke about is that you know If I became president, I redirect the red button to New York and say, see, Putin, I'm real. I'll show you. Take it out.

I mean, it's just, you know, that's just the way it is. New York, most of the lawyers say New York is really the armpit of the United States. It used to be the capital. That's where Washington was. inaugurated and that gave them this arrogance that the courts up there feel that they should be the Supreme Court. I mean, in my case, the Supreme Court had ruled just the month before. You cannot freeze assets of an unsecured nature. We raised it. Yeah, fine. It just ignored. It just, there is no law in New York. It is basically what, you know,

I've studied history a lot, and in Plato, he records a debate between Socrates and Thrasimachus. Most people haven't heard of him. I suggest to read it. Basically what he says, he's arguing with Socrates that justice is the same no matter what form of government. monarchy, dictatorship, democracy. It is justice is only the self-interest of those in power. And it's really spelled with two words, just us, not justice. And it's true.

And he read it's 2,500 years ago. What has changed? I appreciate you hopping on, Martin, and giving me a time this morning. And I look forward to our next chat. If people want to find your work, where can they go? Go to Armstrongeconomics.com. You don't have to register. We don't sell advertising.

We try to keep it open for everybody as an open source. So you don't have to keep clicking ads off or anything else. And you don't get a ton of emails. Perfect. Thanks, Martin, for doing this. Well, thank you for inviting me and take care of there.