Shaun Newman Podcast - #756 - Martin Armstrong

Episode Date: December 4, 2024

He is the CEO of Armstrong Economics and is the developer of the economic confidence model based on business cycles which is best known for calling the crash in 1987. We discuss the push for war, Trump tariffs and recession/depression. Cornerstone Forum ‘25 https://www.showpass.com/cornerstone25/ 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]

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All right, let's get on to that tale of the tape. He's the CEO of Armstrong economics and the developer of the economic confidence model. 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. Sir, thanks for giving us some time this morning.

Oh, it's always a pleasure. Now, do you want to start with your son, Tan, a nuclear blasts? Or should we talk about... I hop on the call, folks. That's the first thing Martin says to me. I'm like, it would be funny. Except, yeah, it's close. I don't know.

You give me your insights on all the world here with the U.S., Russia, Ukraine, Britain, on and on and on. I don't know. I mean, I've never seen such a crop of world leaders that are absolutely the dredge of the earth. I mean, I don't know where they found these people. I mean, I was in Europe a few months ago, and I don't know. I mean, all they want to do is talk about war all the time. And I don't know if they are deranged, just speaking out that the, oh, Russia's aggression, excuse me, we're the ones that started the war, you know.

It was Victoria Newland, we stuck in an interim government and told them to attack the dumb boss, all right? At least get your facts straight. You know, I just, I don't know. I mean, are they just that dumb that they're just repeating the, you know, the NATO and neo-con propaganda? I, you know, I said, at least you know, at least you know, during World War II, Hitler didn't bomb Paris because he thought it was pretty.

You know, he didn't bomb the Coliseum and the monuments and stuff. He stole all the art. He at least seemed to have some interesting culture or something, I guess. But this time, I say, it's a bit different. They drop one nuke here in Rome to get your ass, and there goes to Coliseum, you know? I don't know. They think maybe the third time for a war is a charm or something? I mean...

With 48 days until Trump takes office, what do you think the next 48 days look like? Are we going to see a dampening of this? Or do you think it's going to continue to ramp up? No, they are ramping it dramatically. Schultz out of Germany just did a surprise trip to Ukraine on Monday. Oh, were your strongest supporters? Give them, you know, $650 million worth of equipment this month. Meanwhile, you've got, we're headed into an economic recession in some areas and a depression in others.

Europe looks like it's going into a depression. And this is like the perfect storm. You had all the climate change nonsense. And just look at what's going on in Germany in the auto industry. Volkswagen shutting plans, laying off people, Ford. They're all doing it. They've demonized gasoline engines to such an extent. Nobody wants the cars.

Sales are down dramatically. And Germany is the strongest economy of Europe. And it's built on cars. It's like 17% of their GDP. The largest employers are there in the car industry. Then you have the greens over there. I mean, I'm just shocked. I mean, they want, war with Russia because Russia is the biggest energy producer and we have to destroy Russia in order to save the planet. I mean, you just can't make up this stuff. And then, well, if we kill a few billion people in the process, that will be good too because there's too many people. Just listen to Bill Gates, you know, population has to be reduced. You know, um, You know, I don't know what these people are drinking, you know, like, won't you be the first one to show us the way to commit suicide, please, you know?

You know, it's just everybody else has got to go, but not them. I don't know. I mean, everywhere you look, it's just crazy. The neocons here in the States know they have a problem with Trump. he's people have to understand the first time the Trump went in they picked their cabinets

the deep state did they stuffed everybody in there all the neocons John Bolton etc and then Trump started firing people because he realized

these people just want World War III you know John Bolton wanted to start the war with Iran because they shot down an unmanned drone. And he says, I'm not going to start World War III over this. You know, I don't know what it is. They just, John Bolton is a real interesting character. He avoided the draft so he didn't have to go to war in Vietnam, but then wants to send everybody else the war to die.

You know, it's quite interesting. So this time, this is why Trump is picking his cabinet before he even gets to Washington. He learned the hard way the last time. And this is basically a message to Washington, we're coming after you. And so the neocons know they're in trouble. And they've turned to NATO, which is their retirement home. And you have, NATO was out trying to raise $100 billion. And they're calling it, did Trump proof the war?

So they can still wage war against Russia if Trump won and cut off all the money. I mean, you know, it's, I just don't, I don't get it, you know, but all you hear is that, oh, if Ukraine falls, then Putin will go after the rest of Europe. That's very nice. We're not into the old communist regime nonsense of Khrushchev when they were trying to spread communism to the world. That was a religion. Putin has called for peace countless times. He knows what's going on. I mean, I have all the declassified documents from the Clinton administration. And I published a lot of them in the book that I did, the plot to seize Russia.

And Bill Clinton even said he's a very smart man. He knows what's going on. He knows as it's being, they're trying to bait him into, attacking anything in Russia and NATO so they can claim that he's the aggressor. They instructed Zelensky to invade Russia. I mean, his defense of the Dombas has basically collapsed. Russia's taken back so much more territory. Why did he go into Russia?

Because they thought, okay, fine, if we do that, then maybe he'll attack something in NATO when we can, you know, get Article 5 up and force Canada, United States to send troops over there. This is the agenda. And I hate to tell you, but a lot of people talked about this one world government and UN and the WEF. It's a lot deeper than that. NATO itself wants to be the world. Department of Defense in this one world government. This is what they're pushing. I've seen the memos. I mean, you know, the problem with government is that once you create an agency, they will do whatever it takes to survive, like a wounded animal, all right? And I've seen the

memos on NATO. They were very concerned about climate change and that the money was being diverted to that. And they basically were asking questions, how do we remain relevant? This is the Ukraine war. They need this to say, see, we're important, give us more money. you know I was I was actually impressed by Jamie Diamond when he he stood up at the last WEF in Davos there and he actually said Trump was right he was right about the border and he was right about NATO and it goes in one ear and out the other but NATO is a threat to world peace. I mean, they're, you know, it's kind of like you go into a bar and you cold cop somebody, punch him in the mouth. Well, it's self-defense because I knew you really wanted to hit me first.

You know, I mean, that's their reasoning. You know, I'm aggressive because I know he wants to be. So it's nobody's interested in peace. Nobody. South Korea just last night. Marshall law. Yeah, I mean, the whole world is going crazy. There's been concern about, you know, the Democrats and Biden trying to pull that off in the United States, declare martial law to prevent Trump from taking office. I mean, the scenarios I've heard coming out of Washington are just, they're off the wall.

I mean, these people have demonized Trump so much that they thought that they would, if they charged him with all sorts of things, and then people wouldn't vote for him. And when he won, it's like, okay, you've demonized this guy as, you know, the anti-Christ from hell, all right? I was talking to someone from Europe yesterday, and they said, for six months, all we heard was Trump was evil. He was the worst thing possible. Now what do you do when he won? You know, how do you shake hands with the devil? I don't know. I mean, they've just demonized them so much.

Now all you see is resistance movements to try and blood. everything that he's done. They just don't like somebody from outside of politics. That's the whole issue. I can tell you here in Tampa is where the military base here is the one was in charge of the Middle East. Trump had appointed a committee how to get out of Afghanistan. And they had everything worked out, how to get out of Afghanistan. of there reasonably. Biden comes into power. Oh, fire them all because Trump hired them and just

get out. It was a complete disaster. It's like, oh, Trump went in the wall, tear it down. Whatever Trump did, good, bad, or indifferent, all right? They just went through and had to reverse. It just, it's kind of like, I don't know, I mean, high school playground or something. something, whatever he does, do the opposite or something. I mean, no rational thinking about this. The very first day, Biden walked into the White House. He signed the executive order opening the border. And they've just gone so far off the beaten path. I mean, that's why they've lost dramatically. And a lot of them are still refusing to admit that. You know, you look over the four years of Biden, okay? And, and there's some things that have gone on that you're like, holy crap,

I never thought I'd see that, at least from where I sit. And, you know, like, even to the point of Trump getting shot and on and on. In the next 48 days, you say, I'm hearing some pretty crazy stuff of how they, you know, like South Korea, try and take martial law to not allow them to get in. I've heard that. I'm like, I don't want to say there's no way that happens because that was, I remember thinking, oh, they'll never shoot Trump. And then they tried shooting Trump. So I was like, Well, better not say never. But, you know, like, when you look at the next 48 days, Martin, would you put any, well, I don't know. Like, what do you, like, do you think there's anything?

You're hearing it. You're seeing other people are talking about it. You're like, oh, yeah, there's some things going on there that people got to pay attention to. Or are you like, eh, some of it's just, you know, filibuster? No, the last week at December, our computer is, it would hide underneath my bed if it could, I think. It's predicting bad things. Yeah, I mean, look, they definitely are desperately trying to create war. You just had the Minister of Germany come out and said, well, maybe we should invoke Article 5 of NATO to start World War 3 over a hybrid attack.

all right oh you you attacked our computer we think it was used so that's world war three i mean i mean i you know these people just have a death wish i i really don't um they've been basically bullshitted constantly and i think i mean that this the real problem you have here is behind the curtain, Europe is starting to collapse. People, you know, I've been warning for a long time, capital shifts back and forth between the public sector when you trust it, goes to the private sector when you trust it. Right now, corporate rates in France have fallen below government. They don't trust the government. And it's gotten worse. French interest rates on government debt is now higher than Greece. And all you have is Macron, you know, pitching World

War III. I mean, it's totally insane. I really don't know what to say anymore. I mean, I mean, there is no rational thinking whatsoever. Would I be right? Because my brain at times when I'm trying to grapple with today's world, I go back in history. And sometimes you can just see things a little more clearly. And I don't know if I get this exactly right. I certainly would love your thoughts on it.

But, you know, if I go back to when I was learning about World War I and how the U.S. comes into World War I and the sinking of the Lusitania and like you can see that they want the U.S. in, but they can't find a way to get them in. And then there's all the warnings from the Germans. Like, listen, don't get on the ship. Don't on and on and on it goes. And at the time, they said, oh, it was just past your ship.

There was nothing there was nothing there. And then as we know now, there was arms and everything else. And they sent the Lusitania in comes the U.S. So like when I listen to you talk about they want war, they want war, but they can't get the American people, probably the Canadian people, heck, probably 99% of people to get on board with going to war. Are they looking for the the Lusitania moment and just trying different ways to try and make it happen? Like, is that where we're kind of at right now?

I'm afraid that's, they always pull off these false flags. And it's, look, weapons and mass destruction never took place. The Lusitania was secretly with arms, and they deliberately put civilians in the way to get killed. You can look at its own Wikipedia, Project Northwoods. They proposed killing Americans, civilians, and blame it as a terrorist attack on Cuba to justify going in. And JFK said, would you, crazy? And he shut it down. So they took him out of the way. There isn't a single war that they have ever told the truth about. Every one of them is nothing but lies. And this Ukraine thing is just look at the timeline.

I mean, from the 2014 election or revolution, we put in the interim government. There was the famous, you know, Leit call of Victoria Newland. You know, basically he said, you know, if the, you know, the EU, we're doing this our way. I mean, and then she instructed an unelected government to invade the Dumbos. Oh, but let's see. Putin's the aggressor to make sure he crossed the border. Just look it up. They sent Victoria, I mean, they sent Camilla to the, to the Munich Trade, you know, or security conference. That should have been, you know, blinking from the State Department, not the VP. And she just reads the cards. She stands up there three days before, you know, Putin invades. Oh, Ukraine should join NATO. You know, I mean, that's exactly. what the whole problem was about. Then Zelensky, Google it. You'll see. He, the day before,

to make sure that Putin crossed the border, he stands up and tells the press, we're going to rearm with nuclear weapons. Oh, but Putin's the aggressor here. They did everything they possibly can to get him in. Why? I've seen You know, I've seen the maps. The minister of Estonia stood up and said, oh, Russia's too big and it needs to be broken up. They are carving up Russia. Russia is the richest country in the world

from a natural resource perspective. They think they're going to get all this assets of gold and diamonds and oil. You can also Google up, and I put it on our site. You know, Lindsey Graham was on Face the Nation. And he actually said the truth for once. I don't think he really realized what he was doing. He said, oh, there's $10 to $12 trillion of natural resources under Crimea,

and we cannot allow Russia and China to get that. It's a gas field. Oh, so suddenly this is not about democracy and freedom. This is about assets. Um, why why, uh, when you talk about Russia and how big it is and it needs to be broken up and it has all these resources. My brain goes to sounds a lot like Canada. I'm like, you know, like we're a pretty big country. We have lots of natural resources. Why hasn't attention circled around on breaking Canada up or does it even need to be when you got Justin Trudeau at the helm? Uh, maybe. And plus you got. maybe too much ice.

But I don't know. I mean, look, Hitler wanted to invade, Napoleon wanted to invade. Most people don't realize. Russia actually had the largest gold reserves in the entire world in 1917. When the revolution was starting, somebody at least said, okay, and hit. all the gold reserves. Nobody knows where they went. All right. The rumors have been it was buried in a forest or dropped to the bottom of a lake. Many people have tried to find it. It would be kind of like, you know, finding the Knights Templar treasury, you know. But it was the largest gold reserve

in the entire world. And they hit it to make sure the communists didn't get it. But, And it's never been found since it's never been found martin oh man treasure hunters everywhere will be I mean if they didn't know yeah there's been several major hunts for it and they probably should make a movie ever, you know, but and nobody's found it yet. They do have some deep lakes. One of the rumors is that it was dropped at the bottom of a thousand foot lake. But nobody's found anything yet. And anybody that made the decision where to do it is dead by now.

You know, I go back to our conversation. Well, I got a few things. I want to talk about recession, depression. Would you mind just explaining to the listener? I'm sure they all know. But at the same time, maybe there's a few that don't. What's the difference between a recession and a depression? And where do you think they'll each hit?

But maybe just start with the difference between the two. A recession is where it's just more of a minor setback. Maybe unemployment might reach up to 10 to 12% maximum. Depression is usually impacted from a global perspective. And you're looking at generally unemployment rising dramatically to like 25%. you're undermining the very core of the economy. And that's really what made the Great Depression so bad was that in 1931, all of Europe basically defaulted permanently on their debt. Britain went into a moratorium, suspended payments.

They came out of it. Asia defaulted. South America defaulted, I think, for the fourth or fifth time. And so a depression basically takes place when you undermine the debt market. The recession typically is confined to the stock market. You can take the stock market down 20, 30, 40%. That doesn't create a depression. You take the debt market down.

Now you create the depression because the amount of, of money in debt, in government debt, federal, state, local, is about 10 times that of equity. So when you do that, you had 9,000 banks that went down. They said, it's already starting in France, also in Japan. But if you undermine the government debt, the banks must use it as a reserve. you know, under law. So you're wiping out the banking industry. You know, if the stock market goes down 20%, the banks aren't necessarily taken down. But you take the debt markets down, you default on particularly sovereign debt. You're in real serious trouble. You mentioned different

spots of recession and depression. You mentioned France and others that they're starting to see that, you know, when you look to North America, specifically the U.S. and Canada, do you see things that lead towards a recession or depression or both? And can both, I assume both can happen at the same time, yes? Yes. Like, Europe, you know, if you look at the 1930s, I mean, US survived, but Europe was, you're talking about all. all the governments basically failed. And they started a new government, and that's how they default on,

oh, we're not paying the debts of the old one, you know? That's pretty much what goes on. So the U.S. didn't default. The protectionism, and this is where I'm quite concerned about who's advising Trump, because I think some really serious mistakes are about to be made. And with Trump in saying that eliminating the income tax, and somebody has sold this idea to him that we can fund the government with tariffs,

because before the income tax, the federal government, was funded by tariffs. However, we did not have all these social programs. It was very minimal. And in fact, before the Civil War, politicians were never career politicians because they were only paid on a per diem basis. For the Civil War, that's where it created career politicians. They bribe people.

join us and we'll give you an annual salary. So the annual salary came with the Civil War. It was corruption, basically to buy, you know, buy votes for to separate from the South. And, you know, once you do something like that, it's there forever, all right. So this idea that we can fund it with tariffs is insane. You'll create protectionism.

Europe is already fragile to begin with. That will just put a final nail in the coffin for Europe. And to make it a bit clear, when we're creating the U.S. euro. The commission came to me. And I sat down with them. I said, this is how you create a currency, etc. What they were saying was absolute propaganda. Oh, if we create the euro, everybody will pay the same interest rate like the United States. I said, you know, that can only happen if you consolidate the debts. And what happened was, Herman Cole of Germany. He never allowed the German people to vote on joining the euro.

And he admitted before he died that had he done so, they would have rejected it seven to three. So he took Germany into the euro unilaterally, and he admitted he acted like a dictator. In order to do that, the Germans are very concerned about other people's debts, et cetera, and they were very frugal. he's the one that said, I'll join, but you cannot consolidate the debt. I warn them, this is, you know, not going to work. You know, as a trader, all right, you traded one currency against another, you know, based upon your view of that government. All right.

I said, you're only going to transfer the volatility from the foreign exchange market to the bond market. And that's exactly what's happened. Like I just said, you know, French debt now interest rates are higher than that of Greece. They don't trust France. All right. So I was told, as I said, they came to me. I said, this is not going to work. The euro will eventually collapse.

And that's what we're facing right now. And they said to me, look, we just have to get the euro in first. We'll worry about the debts later. That was 1998. Whoever was there back then is long gone. And, you know, this is it. Europe is crumbling.

Then you throw on their climate change nonsense. Then you had the neocons blow up. up Nord Stream. There's a second Nord Stream. So they instructed Germany, don't turn it on. We have to starve Russia. So the German economy

is paying almost 300% more for energy than they did before. Why? Because they're the neocons. All about war. And then the U.S. neocons what they did and they promised germany keep your mouth shut and we will pay using american taxpayers money to build a pipeline from nigeria all the way through africa to go up to europe to to um replace russia then there was a coup in niger and niger was going to stop the

pipeline who hopped on the plane to run over to niger Victoria Newland, the queen of the neocons. They hide all of this from the people. Nigeria, what did they do? Google this one up. They were the first test case for digital currency. All right. They did that.

Why? Because the U.S. would then pay for a pipeline from Nigeria to Europe. Europe. What you're going to do, we'll pay for everything. You implement, eliminate cash and do the digital currency. It turned into a complete disaster. And when I raised this to people in Europe or whatever in government, they said, oh, yeah, but it didn't work there because they were like almost 70% cash economy. We're not that high. We're about 17. They make an excuse for everything. Absolutely everything. Oh, well, this is different. It won't be that. We'll succeed.

Okay, fine. So I guess the third World War III will succeed and you will finally win? What? Get all the assets from Russia, pay off your debts? No. They won't pay the debts. Never will. When you talk about Europe is crumbling.

My brain goes to, and I know this isn't what it is. you mean that's why I'm bringing it up but my brain goes to like buildings falling you know like all a sudden they're just crumbling right obviously that's not what you mean no you're talking about the economy um when you talk europe is crumbling could you just maybe paint me a different picture if you would it's like you say the the auto industry is the cornerstone to germany you've just used climate change to shut down cars. All right. People aren't buying the high-end electric cars that they went into.

People don't want them. I'm here in Florida when we had the hurricane here and the stormwaters came up. One guy had a Tesla in his garage. He left, left the car there in the garage. The salt water hit it. It blew up. His house burnt down. So what's the domino effect of the auto manufacturers?

You talk about Germany and the cornerstone being car manufacturers. It's like, okay, that makes sense. I completely get that. They're starting to let go people. They're not doing as well. They're making these high-end cars that nobody wants. They're pushing on the climate change. They're shutting down all these different things.

What domino effects does that have across Europe? if the main driver of the economy is getting hammered? That alone sets in motion a recession. So you're going down into 2028 in a recessionary mode if you're just talking about that. Then you add in the whole war agenda. Then you have capital, you know, pulling back. is from investing. What's the future really going to be like?

You know, should I invest money into this? Do I buy a house? We'll be bombed. You know, there's a lot of a ripple effect that goes through the whole thing. And when you undermine the German economy, which is the richest of the EU block, recession goes everywhere else. It just spreads like a contagion.

And so it, between that and the beating of war drums, people do not invest during those periods. If you don't invest, you don't start companies. Unemployment goes down or unemployment goes up. And then what comes up with unemployment rising would be civil unrest. Correct? Yeah. I mean, you're, then you have the migrant crisis over there. Now, we've had our problems, but theirs is far worse, mainly because the migrants that

have gone there are Islamic. And it's a completely different culture. I mean, you can Google this, too. I mean, you know, on New Year's Eve, a thousand German girls were raped. a thousand to the point that the governments have pleased remove the word rape from these reports to hide it um

look you know I've been to the Middle East you go to Turkey it's it's fine you'll see a girl in a bikini on page 3 in a newspaper all right you go to Iran and there are a burqa all right and it's you know, it's a different flavor of Islam.

And you go to UAE, it's very open. You can be there with your girlfriend or wife, whatever, dinner, and the next table over is the guy with his four wives and burkis. He's not offended by you. You know, it's a very open society in UAE. But Iran, no, I mean, Saudi Arabia, if I went there with a girl, she can't walk out of the hotel room without me. It's just different culture.

And so all these people that went into Europe, I mean, you can look up, I mean, Sweden, they just posted signs, no, Shira law here in this area. They're not assimilating. It's like, okay, fine, we're going up there. We want the free money, but we're bringing our culture with it.

So you have churches being burnt down and things of this nature. I mean, it's been, I mean, I have friends there with like a 13-year-old daughter. They will not even let them walk two blocks from the house to the bus stop. It's just different. We don't have it that bad here.

But here, it's the people that get involved in that are just usually the criminals. Whereas in Europe, it's more of a cultural thing, a real cultural clash. And so that has undermined the confidence in people. They don't feel like they can even walk around freely. Germany seems to be maybe the worst of it, that in Austria. So, I mean, it's just insane. I mean, in Germany, here you.

you have people that fled there claiming that they were being persecuted in Syria or whatever and then the government pays them for a vacation for two weeks to go back to the very place that they said they fled from

I mean you you can't make up this stuff I mean it's like who is making these rules I mean you know Martin if I go back to we had you were on election night, but the time before that, you were talking about Socrates and saying that Trump was going to win,

and you're like, I just can't see it. You know, like, I just can't see it while Trump won, right? And, and there was an interesting conversation we had leading up to the election. You know, when you, when over the course of, I don't know what has it been, folks, has it been two years now? I don't know. Forgive me, Martin. I forget how many times you've been on now. It's, it's become a, you know, it's been really enjoyable on this side. Because, you know, I, I, I don't know, I, I'll take listeners back and they should really go back and listen to the first time we talk. But the first time I ever heard you talk was on Michael Campbell's conference, or in his conference, sorry, my brothers have brought me in.

And I listen to him, I'm like, who is this guy? Talking about 2032. And yet here we are going into 2025, and you're starting to see all the different things. You start to talk about recession and depression and how that will impact, I think, people. And then civil unrest and on and on and on. So I don't take lightly the things we talk about. It's more of curiosity of where we're at. And you talk a lot about 2032, but the lead up to get there is, you know,

it's a full on decade, right, since we started talking essentially. And for most people, including myself, I have a hard, you know, like a decade feels like a long time. And yet we're slowly inching closer and closer. And you go, if Socrates could hide under the bed in between Christmas and New Year's this year, it probably would. I'm going to just bring it to that point. Like, what is it seeing or what is it predicting, I don't know the right word to use, between Christmas and New Year's, just civil unrest or different things?

Pretty much. I mean, you have two factors. One, the neocons desperately trying to create some sort of a false flag. So they can invoke Article 5 and try to force Trump to send troops to Europe. I've also been told that they intend this stage the biggest protest possible at his inauguration to try and force him to put in the National Guard and then say, see, he is a dictator. I mean, it's...

I think just by people hearing that, the opposite effect will happen. I feel like the largest crowd out. ever to see a president get inaugurated will show up and there won't be any way they can get close enough i could be wrong but that to me when i hear that i'm like i think every time they keep trying these things people hear it and they show up in droves yeah look they're they're using an old playbook you know okay we'll criminally charge him that will make discredit him and therefore um nobody will vote for all right they tried that with me. You know, and it had the opposite effect. I mean, we ended up with more institutions and they got,

well, now I know I can trust you. You're not one of them. It's basically what I've heard. You know, it's crazy. But the same thing is taking place, you know, on the Trump side, once they started pulling in these nonsense cases against him, it was a confirmation that, hey, this guy is a real threat to the establishment there. That's what we need. And you look at the press. The press is basically just the mouthpiece of the government. That's it.

There's no longer real journalism. All you see is, oh, Trump's bringing in people. They're not qualified. That's exactly what we need. We need people from our side of the street to look. That's what government was supposed to be. We, the people, not them the establishment. And like I said, I've dealt with governments since the 80s, and I've seen it.

I mean, I've testified before Congress. I warned them before back in the 80s. If you do not merge the SEC and the Commodity Futures Trading Commission, you're going to send everybody offshore. Oh, well, we can't do that because if we did that, we'd have to lay off 50,000 people. So then what happens? You have the hedge fund industry rising up.

up offshore. Oh, they're not regulated. That's horrible. We are the ones that caused it. I warned them. I say every other country has one regulatory agency. And domestically, if you obey the laws with the SEC, you go to jail with the CFTC. They're the completely opposite. That's why investment, you look at investment. What is what's how? What's how? happen to the domestic investor is they have to make the decision. Should I be in gold? Should I be in bonds? Should I be in real estate? Should I be in stocks? They have to make those decisions. That's what a hedge fund manager is supposed to do. Okay. Domestically, you can't merge that. So you go to a guy he just does muni bonds. Oh, this is the best. The guy that just does the gold fund, oh, this is the best.

The guy that does, you know, just the stock market, oh, this is the best. You know, you have, they're all like used car salesmen. You know, basically you have to make that decision. And it's prohibited domestically. You know, I turned down to manage $60 billion. They said, gee, why'd you do that? You know, because by law, if I thought the stock market was going to crack, legally, the maximum I could hedge was 17%.

That was it. So I said, no, I'm not getting involved. You know, you're going to ruin my reputation because of these rules that I can't hedge a portfolio for a client when I know it's going to go down. But this is America. This is Canada. When you have this kind of nonsense in regulation, It'd be very interesting to see what Musk does. With Doge?

Yeah, with Doge. I mean, that's one thing. You should take those two agencies, gut them. And what do you say? Basically, anybody that can't get a job at the SEC goes to the CFTC, they get the drudge of the earth. You know? I mean, this is, any agency,

you create. Once you create it, it will always fight for its own survival, like an animal. All right. The whole problem goes back to Jimmy Carter, which started the inflation, and people don't look at this. Every year, an agency had to go back with a budget. This is what we want. He said, gee, this takes a lot of time. Let's just put it in a an automatic pilot. Whatever they spent last year, it's just automatically redone. All right. So, you know, I can tell you there are warehouses full of computers from the 1980s that they bought just to spend the money so they would make sure they had it again next year. There are warehouses full of this stuff, all right, that the government bought just to get

to spend every dime that they had because we want more next year. That's it. And look at every crash. The SEC goes in, oh, well, gee, well, we could have prevented it if we had this power. So then the next crash, oh, well, we could have prevented this one if we had this power. All right. And next thing, you know, I mean, basically, you know, where are we going to end up at? You're going to need a DNA sample just to be an investor or what?

I mean, this is what the whole digital currency and IDs about. This is Stalinism. You know, they have to know who you are. What are you saying? Are you a threat to us? Stalin killed how many tens of millions of people? Because he thought they might be a threat to him. You know, will history repeat?

Australia is already out with the digital ID. I know journalists that were there have left because they can no longer even speak the truth there. I mean, it's just getting to be, this is the problem. Government knows it's in trouble. That's what this path to 2032 is about. And I've warned, as we move closer and closer to it, They will become more authoritarian.

All right. Trump winning. That's why I said, look, the computer has its forecast. I'm here just to say what the computer's projecting. That's it, okay? My personal opinion, I was in meetings in May in Germany. They thought I was crazy. I said, look, the computer says Trump's going to win.

I personally think knowing these people, because I've been to dinner with some of these people, I said they're going to try and kill them. Oh, come on. I'm telling you, he is a big threat to their very existence. And they're going to take them out. That's what I said. Oh, that's conspiracy theory. I said, you call it what you want.

I don't care. I just know these people. And look, the whole nonsense, oh, Trump will be a dictator. Look at it. Who wrote that article for the Washington Post? Hagen. Who is he? Victoria New, you know, Victoria Newland's husband.

It's all propaganda. And we are being manipulated on a grand scale. I mean, 70% percent. percent of the Democrats thought Russia is our number one enemy. I met with one Congress person, and I warned them. They're being manipulated themselves. They said, oh, no, we're going to be at war with China is what they're telling us, not Russia. I said, yeah, you know why? Because they're doing everything possible to get Russia to attack. They don't want you to pay attention to that. Oh, look at China.

So they're all focused on China. Oh, that's where the war is going to be. No, it's going to be right coming back and stabbing you in the back. It's Russia. I'm sorry. They are doing everything they can in the Great War with Russia. It's always so nice to talk to you, Martin. Look, I mean, I say this shit, basically because, look, I want society to

live. We have to understand what these people are doing. Yes. If we don't clean house, what kind of the future are we going to leave for our children? Our grandchildren or whatever. You know, I mean, it's, it's that I don't know what it is with these people. I've, like I said, I've had dinner with them. I know Bill Crystal, his father started the neoconaution. movement, even spoke at one of our conferences. I think that they just all got their backup when Khrushchev said, we will bury you. And it's like, all right, well, we're going to take democracy and spread it to the world. Of course, it's not democracy anyhow. But I had an argument with him. He said if we've removed Saddam Hussein out of Iraq, Assad out of Syria,

and Gaddafi will bring peace to the Middle East. I said, you're out of your mind. They wanted me to put in $10 billion to fund a take over Russia back in 2000. I mean, they, you know, Russia's not wrong. America is not imperialistic, but these people are. I don't know what it is. You know, the same thing with Klaus Schwab. Look, I know him.

I mean, it's, it, he seems to be following whatever I do, mimics it. We both were doing conferences around, you know, I would go to Toronto, do us, do the session to Vancouver, Zorik, whatever. And then we had actually a Canadian who flew into the Zorik one. And I said, gee, why did you fly here? I do Toronto. He says, I went to see what you're saying over in Europe. And it was very interesting because we were looking at, you know, the currencies were moving 20, 30, 40 percent back then.

And so I said to him, I said, well, okay, fine. Yes, you should buy. And then this guy in Swiss is, yeah, but if I did that, I would lose money because you said the Swiss francs going to do this. I said, you know, you're right. You sell, but you buy. And then it was my clients that said, we should all get together, have one. And so we did that in 1985. Mike Campbell actually came to that one.

And it was like a mini UN. You could see the capital flows in the room. We had delegations from Saudi Arabia and UAE dressed in the white Arab robes and everything. And we had the Hasidic Jews from New York and the black garb. And people go, what is going on here? I said, well, Monday I tell the Jews to buy and the Arabs to sell and I switch it the next day. Everybody just laughed. I said, we're all of the same mindset. It doesn't matter what the religion, race, creed, whatever, you know, everybody thinks the same. We know something's wrong. Schwab then started. I started. I started. I started. I started. I started.

started ours in 1985 Schwab did his first Davos, 1987. Marcus Vedder did the film on me, the forecaster. He goes to him and has him do the film on him, the forum. Our in 2032, and we're looking at the fall of republics and the rebirth of a new government structure. Hopefully they're direct democracy. He calls it the Great Reset. The difference between us, and I can say that, you know, the computer had also forecast that Brexit would win.

Every newspaper then, too, it's going to fail. It seems as though when the polls are 100% against the computer, they always lose. They did the same thing in 2016. The computer said, sorry, you know, Trump will win. I mean, Newsweek even had Hillary's picture on the front cover, Madam President. I have a couple of my boy. And discard him afterwards. But, I mean, that's the way it was.

This time, too. I mean, I said, look, I showed the model. I said, it says we're going to get a clean sweep. And I said, I haven't seen that since 1970. And I compared the two forecasts. I said, personally, I thought he's such a threat to them that they would try and assassinate it. That's also in their playbook. You know, they've done assassinations, regime change, you name it.

I mean, that's one of the reasons I think they took out JFK because he said he wanted to smash the CIA to absolutely. blue, you know, pieces. And, you know, this is, you know, JFK wanted peace. He wanted to share all the, the information from NASA and stuff with Russia. And they felt this is national security. You can't do that. He didn't want to go into Vietnam. So they took them out. Um, they took out his, his, his brother as well. I mean, look, this is what these people do. Well, if history shows us anything, Martin, the next 48 days or less, um, can be quite wild. I mean, when you're talking JFK and everything, you think, ah, that's forever ago.

But I mean, that's in one man's lifetime that's happened. And the assassination attempt on Trump should, should tell us. well, it looks like they're willing to go to pretty extreme lengths. You look at COVID and you go, that was going to pretty extreme lengths. And blowing up the Nord Stream is going to pretty extreme lengths and on and on and on this goes. So I guess, you know, when you get to where we're sitting, you know, a few weeks away from Christmas and then you talk about between Christmas and New Year's, I think it's, you know, like everyone should have their, they should be paying attention, I guess, you know, normally between Christmas and New Year's. I think it's, you know, like everyone should have their, they should be paying attention, I guess, you know.

Normally between Christmas and New Year's, everybody kind of goes to sleep in North America, I think, to enjoy some time with family and friends. Look, this is often when they pull stunts like this, when people aren't paying, you know, a lot of attention. My concern is that I'm not sure if they would, pull another assassination attempt. I did warn the Trump camp,

but what I was hearing was that they were going to shoot down his plane and blame it on Iran. And he did come out then. I guess they took me seriously and they came out and Trump requested military you know, planes basically, you know, to escort him when he's flying around. So I'm not sure if they do that, it's going to be something along those lines,

shooting down a plane rather than a guy trying to put a bullet in him. Because I don't know, I don't think the third time people are going to buy that one. I think you'd be correct. Yeah, and I think that, you know, somebody with a rocket on a shoulder can take down a plane and then you don't know who the guy was, you know. Oh, our info says it was Iran. That's Vader, some of those, you know. But so the other side is that they are definitely trying to, they have Europe in the palm of its hands. all the leaders there just mimic whatever NATO tells them to say. So I am more concerned about there staging some sort of a false flag,

claiming it's Putin and invoking Article 5. The last time Article 5 was invoked, most people don't realize it was for 9-11. And that was the excuse to get all the various countries to go and invade Iraq. It's Article 5. This is what they are planning. You just had the top minister of Germany come out and said, well, maybe we should invoke Article 5 on a hybrid attack. Yeah. I mean, these people are just sick.

I mean, you know. and then the whole Klaus Schwab thing, he's an academic. And he does have a bust of Lenin on his shelf in his office. They, this whole nonsense of equality and how they look at is material.

And when, he's coming out saying you'll own nothing and be happy what's he really saying that's government is going to default all right so they make it sound like you're going to do it for you we're going to wipe out all debts you won't own anything but you'll be happy you know um that's because the government's going to default that's what he's been pitching to them um and then they want the united nations to be the new one world government, which they've been pushing for for decades. And they've been using this Iranian war because they wanted to be the one to suggest peace and say, we're the only ones that could create peace, therefore we should rule the world.

And, you know, again, they're just, I don't know what they're smoking, but it's, it's pretty potent. Because I don't think you're going to have China willing to surrender their sovereignty to the United Nations, certainly not Russia. And Biden would in a heartbeat, but, you know, Trump would not. So, you know, it's. I was going to say Trudeau certainly would. Yeah, I mean, you've got your problems up there with him as well, you know, but he wears nice socks all the time, right? Yes, old fancy socks. Yes.

So, I mean, it's, look, we're probably looking at the separation of even Canada, East versus West. the more authoritarian they get to try and throw these policies down our throat, you know, the more civil unrest they unleash. And then it's our fault because we don't obey them. Well, it's interesting to me because I think, you know, sitting here in Canada, I look at the election coming here in a little less than a year. And Pierre Poliav absolutely just walking away with the polls at least, right? And I think that's the sense across Canada, I get, is that Trudeau is going to be toast, you know, come October, if not sooner.

You know, some people predicting sooner. But, you know, to me it looks like October and you're going to have a new prime minister of Canada. It looks to be Pierre Poliav. You know, when you do the math, you're still, you know, seven years away from 2032. So, you know, it's like in the short term in Canada, under a Pierre Poliev, I see lots of things, you know, people. being quite hopeful, right, because of how bad it's been under Justin Trudeau. And I wonder about, you know, what seven years into that looks like and how people lose faith up here. Because you've mentioned lots that, you know, you see Canada separating into two or

multiples. I'm like, what would have to happen in order for that? Like the, you know, like my brain always goes to we're at war, right? We're into something we don't want to be in. And eventually that leads to more civil unrest. which, you know, like if you go back to Vietnam in particular, I think that one really you can see all the footage of how it was tearing apart the United States. Yeah, I mean, it's, I mean, you can even look on YouTube. McNamara did a video before he died.

He was the neocon that took us in the Vietnam. And what does he say on that video? We were wrong. It was just a civil war. He admits, again, Russia, we thought Russia was involved. We were wrong. The pipeline through Syria was to cut off Russia. Obama wanted to invade Syria.

He couldn't do it. There wasn't no support for it. That was, again, to undermine the economy of Russia. Nigeria, the pipeline, undermine, you know, Russia. The whole thing, even if you go back to the 50s, U.S. put sanctions on any company that provided pipe to Russia to bring the gas pipelines to Europe. It's this hate Russia, Russia, Russia, Russia stuff. And, you know, if you just look at history, you know, the, if you just look at history, you know, the one thing, that created world peace in the pox roman of the roman empire yes they conquered all these lands okay

they believed in freedom of religion so they let everybody keep their whatever god they had they ended up uh it was a common market and your maximum tax was about seven percent there weren't trade restrictions. So if you were making a pot in France and you wanted to sell it to somebody in Syria, you could do it. All right. So it expanded the economy. The way to create world peace is free trade. You know, Russians should be able to make something and sell it into America or Canada, wherever. What does that do at the bottom line? They keep a check against their own government. What do you mean you want war?

I'm out of business if you do that. You know, we were on the verge of world peace until these neocons got a hold of the Biden administration and then tore everything apart. So you're back all the way, Martin, to these tariffs, right? Trump comes out saying, hey, I'm going to slap 25% tariffs on everything. If you guys don't fix your borders. And you talk about that turns into,

basically an economy of, I forget the word you used and you can say it. But basically, you're no longer dealing with friends. You're creating like you're very pro-US, but you're not working with anyone else. Yeah, you end up creating isolationism. Thank you. Isolationism. Yes. And the problem with this is that, look, I testified before the House of

Ways and Means Committee, I think back in 96 on when they were, I was involved in all the tax reform with Bill Archer and Dick Army and Steve Forbes. They were talking about flat tax versus retail sales tax. So I was deeply involved in all of that back then. And I testified before the House Ways and Means Committee. And the question was, why no one of American company got any of the contracts for the Yellow River dam to build it in China. I said, very simple. We tax worldwide income. Germany does not.

So Germany goes in and bids on a contract. We are 30 to 35% higher just because of taxes. This is stupid. all right and we no longer need income tax you don't need it there in Canada either maybe you know I'll say it this way and maybe you can spread the news look taxes at the federal level were necessary when money was was gold and silver coin because the king had to get some back to spend again, all right? Today, what do we do?

We just print the money. Then, to be really stupid about it, what do we do? We then borrow our own dollars that we print and then we pay interest on it. So, the United States will spend over trillion dollars just in interest expenditures this year. All right. This whole thing's going bust. This is unsustainable.

When Ronald Reagan came to power in 1980, the national debt was one trillion. All right, we can't continue down this road. Canada will fall apart. U.S. will fall part. All right. We have to eliminate the debt. I've offered a solution how to do this. We basically, we get one country to do it, and then, others will follow you issue a coupon swap it for the debt okay you got a 30 year bond here's your coupon you now take the coupon you go to your local you know broker whoever it is midland doherty or whatever and then you can only invest corporate bonds corporate chairs domestic only all right they then take that coupon and they go back to the treasury and redeem it all right take the

u.s debt you get $34 trillion suddenly that money isn't moving from the government and into the private sector we eliminate borrowing period it's got to come to an end what's the outcome your mortgage rates guess what it'll be maybe a third of what you're paying today because you're competing with the government. Oh, why should I give it to you when I get AAA from the government? You got to give me a premium. All right. You're collateralized.

The government is not. Government's always the fault. All right. We have to do this. Income tax is no longer necessary. All right. If we just printed the money to cover the expenses, It would be far less.

We're just spending a trillion this year in the U.S. on interest. Forget the deficit. Just interest. That's going to be $5 trillion in another few years. There's no way out of this. We have to reform. We must reform. All right.

You're not going to reach 2032. This is a time bomb that's just going to blow up on everybody's face. this is part of the whole 2032 crisis issue. All right. If you're just the common man, and I feel like I ask you this every time. And then after we get through this, Martin, I'll let you go. I've probably kept you more longer than I should have.

And I apologize. But every time I talk to you, I'm like, this is fascinating. I can sit and talk to Martin folks for four straight hours. And I'd just be, you know, captivated. You know, if you're sitting here and you're going, oh, hey, this is going to blow up before we get to 2032, What should people be doing with their finances? Like where do you go like you should you should be looking at these and you should be over there?

Because it's I don't think everything's going to blow up all at the same time. I don't think. But what do you suggest to people who are listening going? Holy crap. You're seeing this in France already. Government interest rates are now higher than corporate. You know, you shift from any government asset to the private sector. If you're talking about bonds, you know, shares, whatever, real estate, biggest problem with real estate is they want to tax it all the damn time.

But, and it's not movable. So that's the downside of real estate. But we all need a place to live. All right. So that you just got to suck up, you know, whatever it comes down to. But, you know, people in France just pick up the rug and look at what's going on. They don't trust the government. Trudeau is out of it. I'm not Trudeau. I mean, Macron is out of his mind. The French have been always trying to be the leader of Europe. They called the, you know, the, you know, DeGal, you know, view or philosophy or whatever. And he's doing that now. He's basically telling everybody, look, we have to beef up our defense. The heck with Europe, I mean, with America, Trump's not going to come to save us. We have to do this ourselves. So he's trying to take the lead, wants to lead Europe in war. You know, and, you know,

just look at the debt and you're seeing what the average person is doing already. Let me sell the government and let me move to the private. That's pretty much what you're going to see. That is our ultimate check and balance against these governments. All right. A government defaults historically. I'm talking about, I've reviewed. this hundreds of years going back.

The way they default is because we're in these Ponzi schemes. They sell a new debt to pay off the old because they never reduced the debt. They're always increasing debt anyhow. So it's a Ponzi scheme. So the fault comes when the queue in line to buy the new debt doesn't exist anymore. when you can't sell the new debt to pay off the old you default the city of mains in germany borrowed like crazy that's where the gutenberg press was they thought it was like a dot-com bubble like they were going to be great um people started leaving they were raising taxes on the

rich people just left what happened they couldn't pay their debt they defaulted The Pope even excommunicated all the politicians for their mismanagement. And then they had sold this debt to other cities. So what did they do? They just invaded and sacked the city. You can't pay. We'll just go in there and take everything you got. This is the reality of government defaults.

We will default. There's no question about it. just you know i think a three-year-old with a pocket calculator can figure this out um we're not talking about Nobel Prize winning shit here i mean breton woods same thing they fixed gold to 35 dollars an ounce but they didn't limit the amount of dollars you create an idiot would figure out that system is going to be doomed but you know i guess idiots are or one step above morons, I suppose, because we only have morons in government. I don't know what else to say.

I mean, you would think that somebody would wake up and say, this doesn't look very good long term. Somebody. Martin, I could talk to you all morning. I appreciate you giving me additional time today and cop it on with me. And we'll be paying attention here over the next 48 days. Look forward to having you on again in 2025. But appreciate you giving us time. this morning and look forward to our next chat thanks again Martin well thank you for inviting me

and take care off there it's you know it is the japan you know the the the chinese curse may we live in interesting times absolutely thanks martin all right take care