Shaun Newman Podcast - #846 - Luongo Krainer Armstrong

Episode Date: May 12, 2025

This was a chat in the hotel room the morning after the Cornerstone Forum. The discussion focuses on all things geopolitics. Tom Luongo is a former research chemist, amateur dairy goat farmer, libertarian, and economist whose work can be found on Zero Hedge and Newsmax Media. He hosts the Gold Goats ‘n Guns Podcast.Alex Krainer is a Croatian national, former hedge fund manager, author and contributing editor at Zero Hedge. Martin Armstrong is the CEO of Armstrong Analytics and is renowned for his economic forecasting model, the Economic Confidence Model, which has notably predicted major market events. He has advised governments and financial institutions worldwide, offering insights into market trends, currency movements, and geopolitical impacts on the economy. Get your voice heard: Text Shaun 587-217-8500Substack:https://open.substack.com/pub/shaunnewmanpodcastSilver Gold Bull Links:Website: https://silvergoldbull.ca/Email: [e-mail] Grahame: [phone]Bow Valley Credit Union: Website: www.BowValleycu.comEmail: [e-mail] Prophet River Links:Use the code “SNP” on all ordersWebsite: store.prophetriver.com/Email: [e-mail]

This is Viva Fry. I'm Dr. Peter McCullough. This is Tom Lomago. This is Chuck Pradnik. This is Alex Krenner. Hey, this is Brad Wall. This is J.P. Sears. Hi, this is Frank Paredi.

This is Tammy Peterson. This is Danielle Smith. This is James Lindsay. Hey, this is Brett Kessel, and you're listening to the Sean Newman podcast. Welcome to the podcast. Folks, happy Monday. How's everybody doing today? Man, live, the Cornerstone Forum was, well, exceptional.

I think. It went off without a hitch. We stayed on time. We got through all the speakers. All the speakers were there. And I think, you know, the resounding feedback I got from people and attendees and speakers is it was just a great event. Everybody was on a high and really enjoyed it. I want to get some, you know, some thank yous before I start today.

First, my wife, Melissa, you know, she rode with me down, ran part of the front door and checking people in and making sure people got to their seats. and I just, you know, everybody on this podcast knows the way I feel about my wife, but she's just fantastic and I couldn't have done it without her, to be honest. She really pulled her weight and then some and probably some more for me and appreciate her being here with me. To Toby and Shannon, they were the other two ladies who answered the call to work the door. My hat's off to you two ladies. Thank you again for being there and helping check people in.

to Shannon McNally, anyone looking for an event coordinator in Calgary? Here's a lady that I didn't know, you know, eight months ago, maybe a little less, and then she hopped aboard and was the event coordinator here in Calgary. And I just can't speak highly enough about her and her professionalism on making sure the day went smooth. The Expo, the trade show with all the companies and attendance, 32 of them. She just was, I don't know, I didn't know what to expect. and she exceeded my expectation. So thank you, Shannon.

To the cowboy preacher, Mr. Joshua Allen, he ran the door directing people, and then, of course, he said grace, and just was a beast of moving chairs and helping people get their stuff in and out, and I just appreciate him coming along as well. And Tanner today, he said grace at supper. Thanks again, Tanner, for, you know, being a friend

and come into an event and then, you know, I approached them part way through. I'm like, you want to say grace? He's like, absolutely. Okay, well, super pumped to have, you know, different people from the podcast and from the audience being part of the event. To Silver Gold Bull and Bull Valley Credit Union, I'm going to get to their ad reads shortly, but this event, as I said last night on stage, you know, wouldn't have happened in Calgary if it wasn't for those two companies. They really twisted my arm in the best possible sense.

and brought it there. To the wind sport facility and staff, they have such a gorgeous facility, and their staff were just fantastic. At one point, I swear, on Friday when we were setting it up, there had to have been like 50 people on the floor of the arena, just going this way, that way, every way, making sure everything got where it needed to get to.

And they were just wonderful to work with, so my hats off to them. To all the speakers who traveled far and the ones that were in Calgary, You know, the event isn't an event if you don't have the high-quality speakers that I brought in. And, you know, I'd list them off one by one, but I've been rattling them off now for so long on the podcast. I just, thanks again for coming and being a part of my idea. And then to see it play out in the venue was, man, it was super, super cool.

to Jesse Fusion Pro production world Kelly, Chad, Jake, and I want to say Lucas, and forgive me if it's not Lucas, but there was a team of four of them. Five of them, if I'm being honest, that set everything up, stage production, lighting, the big screens, sound, you just name it, and they were just, ah, you guys were just pros. And it was fun to work with and appreciate you making, you know, my idea come to live. life. To Emily, the harp player, which I'm sure everybody when she got on stage is like a harp, it's exactly what the doctor ordered at the end of a day of talking. And I just, I don't know, I just got to meet her that night. And she was fantastic. And to all of you who didn't attend, we had a harp player for the supper hour and it was super cool. And to the people that attended, all 650 roughly, it could have been a touch higher, touch lower. You know,

You know, we had just people from all over the place. I'm going to name off the ones that I can remember that came from so far. We had one man came from Singapore, another couple from Cayman Islands, a guy from Ohio, a guy from San Jose, a bunch from Toronto, Vancouver, Quebec City. You just name it, and they were there. And I was just humbled again at how far people traveled to see an SMP presents. and the second annual Cornerstone Forum. And, you know, I got to sit and stew on some things for a few days. But I hope to be back in 2026.

And once again, I'm sitting here in the hotel still in Calgary as to record this. And I hope I didn't miss anyone. I'm sure I did. And my apologies if I did. But it has just been a real treat to be here and to have all of you come. And to those who couldn't make it, you know, I guess I should give a show. That's right there.

There's one. Jericho and Lucas, who filmed it all. They're going to have it all edited and everything about a week from today. Our goal is for Monday. It'll be up on substack. And so I'll be trying to get it there. To all the substack people who've been loyal followers and funding the podcast, we're going to get back to putting something up on substack.

Now, the craziness hopefully slows down for a couple days. But I appreciate just everybody coming. and being a part of this idea. I'm six minutes in, I haven't got to add reads yet. The first two I'm just going to blend together because it's Bull Valley Credit Union. It's Silver Gold Bowl. You know the story between these two companies.

It's down on the show notes if you want to go visit either. They were there in attendance. They're the reason why it came to Calgary. And if you're looking for two companies to deal with your silver and gold or your banking, don't look any further than Silver Gold Bowl or Bowley Credit Union. All the details down in the show notes. Profit River, if you're, you know, you're interested in firearms.

We had Chuck Prodnick on stage, a military veteran. He shared just a moving story about one of his friends that he served with. And if you're looking for firearms, look no further than Profit River and reach out to their sales, internet sales and phone manager. That's Joel. And you can reach them at SMP at Profitriver.com, whether you're buying over the phone, internet, or in person, make sure you drop the SNP code when you're purchasing. Just go to Profitriver.com for everything.

They're the major retailers of firearms, optics, and accessories, and they serve all of Canada. It is beautiful outside, which means it's deck season, and when you're thinking wood, think Windsor Plywood. So stop into Lloyd Minster to get all your wood, whether we're talking mantles, decks, windows, doors, sheds, podcast studio table, stop in Windsor Plywood and tell Carly, I sent you.

Folks, it has been a, the Cornerstone Forum has taken a lot of effort this year. Calgary did not disappoint. The people in attendance did not disappoint, and the speakers certainly did not disappoint. And the venue, I think, wowed even me, and I hope it did to everyone in attendance. We'll be sharing some pictures here on Substack, and you can go see some on X, and I'll try and get some up on all the other social medias. but just it's been it has been a ride here the last month or so and I'm going to have to sit and chew on it now for a few weeks

before we get started on on the next thing but I appreciate you tuning in today this is an interesting just you know I at one point I felt like I could have just been the you know the waiter or the you know just the guy to go around mixture of that water and everything I hardly interject in this conversation super cool happened the day after the event in the hotel room and well we'll get to it here if you're listening or watching on Spotify Apple YouTube Rumble X make sure to subscribe make sure to leave a review and as I kept you know as people were thanking me for the show and and putting it on I just appreciate

you guys all sharing these conversations into different circles that I could never imagine to be entering and look forward to meeting you all at some point all right let's get on to that tale of the tape the first is a former research chemist amateur dairy goat farmer, libertarian and economist, whose work can be found on Zero Hedge and Newsmax Media. He hosts the Gold, Goats and Guns podcast. The second, a Croatian national, former hedge fund manager, author and contributing editor at Zero Hedge,

and the third, the CEO of Armstrong Economics. I'm talking about Tom Luongo, Alex Kramer, and Martin Armstrong. So buckle up, here we go. I think it's interesting that we have a guy like percent in a treasury now, as opposed to an academic like... I'm not even sure. I wrote to him. Yeah. our paths have crossed.

He worked for Soros and even before that for Jimmy Rogers. Yes. And he was working with Soros when I was not only trading against him, but also with the whole bullshit with UK and stuff. Right, right, right. And every Treasury secretary to date, I sent a letter, I get a response. That's not from him. Really? Interesting.

That's interesting. So I'm wondering, and I said, look, I know our pastor crossed many times. And it just, it is put a little red marker on me. Like, you know, can I really trust everybody in Trump's cabinet? You know, I'm not sure. Yeah, yeah. So I'm not willing to say he's such a great guy. Right.

It feels like what I've seen so far. And, you know, I've made my analysis of what I think is going on pretty clear, which is that you have both Bessent and Powell. I think this is a, at this point, like the switch from Zof for the Libre is just, it's earth-shattering at the ultimately. And then if they're sitting down having lunch every Monday morning as Bessent led out into the world, that Powell and that we finally have a Treasury Department, Treasury Secretary

and a Fed chairman who are not necessarily committed globalists. They may not be the most, they may not be the hippest people in the world. They may not know everything that they need to know of what the ramifications of everything that they're, the things that they're playing with, but they're at least on

this side of the ledger, as opposed to where we had Geithner and Bernanke under Obama, those were, those. No, they were academics. Right. And not only they're academics but I firmly believe that they were working for working to destroy the country and I don't think they were working in our best interest at all

I I see those people as traders I can't see them as anything else but and I don't I just after a while like there's too much incompetence like that's that's that's a level of incompetence that is that is beyond willful and but it is because when I got called into the into 87 to the Brady Commission right They had this professor Gottlieb. And I think he was from MIT. I remember him. And he said, we're going to find out who shorted this market, blah, blah, blah.

And I said to him, I said, do you understand how markets work? He says, I teach finance at MIT or whatever. I said, very nice. I have over $3 trillion under contract. These are my balls. He just never traded. You know, and I don't think you can see this stuff without right actual trading. You know what I mean?

And this is why. You don't know. You pick up the phone. Where's the bid? There is no big. Right. You know, they pay no consequences for being wrong. Gentlemen, just so I'm okay to record this or do you want me to introduce it?

Yeah, no, whatever you want to. Whenever you want to do. No, and then just keep going. Okay. Welcome to the podcast. Carry on. So, yeah, well, that's the interesting thing about both percent and Powell is that they have real world experience. right that in in the ways that Bernanke and Yellen and Gatley even yeah and and and

Greenspan who we all know that Allen's biggest failing was that he was a social climber and uh... Ein Rand had him pegged back in 1968 uh the year I was born and she was talking about that and I think that was fascinating but where we are today is different and I think it again they may not be the they may not be the perfect men for the job but they're the best guys for the job I guess right now and I I certainly would rather have a guy like dissent at treasury than Lutnik who I don't trust at all yeah Lutnik is I don't know howard Lottnick just he gives me the freaking he gives me he gives me

that that you know gives me the he be jibbies but my only concern with Bessert is that I know I know trading against Soros what they were doing okay I can't see how he didn't know yeah you know I can't swear that well no I I actually believe that he does did know what he was doing and who he was and what he was doing and again it's like everything else like i look at trump as a kind of redemption story at a certain level right um i see even you know um i see a lot of these guys as they've gotten older after having lived lives that may ever may not have been salutary when they were younger and you know and that when they get to a certain point and now they're in the process of going oh my uh either i was a bad man one or it's

it's time to leave a legacy of some kind of positive legacy. And I have the skill set. I know how to trade against these people. I know how to bankrupt people. I can choose not to bankrupt people and actually, or I can choose to bankrupt different people this time, the ones who are now working against my people. And I've just, that's the way I'm trying to view.

At the very least, that's the way I'm trying to view these people as best as I can. Trump, I think, absolutely understands debt. Mm-hmm. Um, that's, I think, pretty good. Right. You were going to say, Alex. Bester, I would say, they were manipulating markets and they knew what the hell they were doing. Okay.

So I question whether his integrity is his. Yeah, but you see, here's what I think, here's what's relevant to me. The Bessent is a hedge fund manager. It's not a banker. There's a big difference there because he has no loyalty to the big banks. And not only that, but as a hedge fund manager, very often you're in an adversarial position to the banks. And so, you know, Timothy Geithner was a banker, a banker's banker. Robert Rubin was a banker's banker.

I think the fact that you have somebody there who's competent who understands financial market and who is not beholden to the bankers, probably, is better than having another Timothy Geithner's, Robert Rubin time, Hank Paulson. Because these people were Goldmanites. Well, I think... And loyal to the big banks. Well, what I was going to say is why when I first started thinking about Powell

and why Powell was tightening, I went to a former hedge fund manager who was bank, who was... story wasn't as dramatic as yours, but he was ruined by Goldman and Morgan and all. But I'm not going to reveal his name. He was a patron at the time. And I asked him about all this. And I said, and what do you think?

He said, well, they don't call him private equity Powell for nothing. Right. Right. So he's also not one of that, to Alex's point, he's not. They definitely have experience. Right. I mean, you know, I, the only reason I've, you know, the only reason I've, you even a little questionable because he didn't respond.

I write a letter to they instantaneously respond. Well, maybe go stuck in the mail. I don't know. But I mean, I mean, that, in 1999, I cost Soros at least $3 billion. He lost $2 billion on Russia. You're now my hero. even more of my hero than you were before.

But earlier, in March of 99, they were, the Japanese would invest overseas, but then they bring it all back from March 31st, then they put it back out again. So they knew that, and they were pushing the yen to clip them for like 100 points or something like that. So I stood up at our conference in March, and I said, look, you're the now, you're the next target. And this is how you defeat it. Lock it in. Don't lock it when it comes back.

Do it first. So they did that, Soros lost over a billion dollars on that one. So then came to Russia's, which is part of my case. I think they went to the CFTC. You say, get rid of this guy, please.

But it's just the way they are. Right. You know, it's, I was told years ago, it was, I hired this one, actually, I think he was the first black analyst, or Bob Howl. And he wanted to meet with me. I met with him in the oak room at the Plaza Hotel. And I was skeptical because he worked for Lewis Bacon. And they were always trying to get people into my operation. one way or another. I mean, I even, the Ross trials try buying in. No thanks. All this other kind of shit. So I met with him and I asked him, why do you want to work for me?

And he said, you run the only clean shop on the street. He said, I was told if I want a big bonus, I have to bring in a guaranteed trade. A, who was working for Lewis Bacon at the time? They're all into that. They don't like risk. They want absolute guaranteed trades every time. Right, right. And that's like I've said with the,

Safra paid for the IMF dinner, rented the whole national. and I'm invited down and it's like, see, come with us. We got them in our pocket. Right. And I said, I don't give a shit. You know, what you have, my computer says Russia's going to fail. All right. And I advise the people, the IMF, go to get money from.

Right. I said, I'm not in. I'm sorry. Right. But that's what they were always doing. And that's what people don't understand. Like, Russia, why did it collapse? Because they're all on the same trade.

Right. Then how do you get out? Right. Well, LTCM was on the opposite end of that trade. Right, right. The academics. You get everybody on the wrong side of the trade, and then they have no way. There's no liquidity to get out.

Nothing. Right. And then like, and you're probably on the other side of the trade. I'm sorry, I'm taking you for, for, I'm going to take. I did. That's where I was named the hedge fund manager. I was going to say, I go, why wouldn't you? I think we made 60% one month or something, you know.

When Russia collapsed. Nice. And they were going to be angry with you, of course. They were very pissed off. I was going to say it because you, you know. Well, you had the advantage. You didn't have two Nobel Prize laureates on your team. Who never traded ever.

I know. I know. And that's the whole thing. That's it. Alex has a very dry wit, Martin. Just to remind you that. No, I know. We know each other.

It's just. that's why everybody's tried to copy our program of Socrates. Okay. And they've never been able to do so because the problem is to be a programmer, it's very nice and how to write code, but a trader has a different skill set. And he doesn't necessarily communicate correctly to the programmer. The programmer does like an academic. doesn't understand the trading.

You go, oh, you know, if I did it this way, it would work better. Right. You know, I have both sides. And that's what, you know, it's Black Rock and all these. I bought all this real estate and stuff. And then they can't get the hell out of it. They're going to be in that problem in Ukraine. Oh, huge.

I mean, and that's why, so the Trump, I think we should, I haven't really had a chance to really dig into the, the deal that Trump put together with Ukraine. But it feels to me like he bought the place out from underneath the people who had started this war in the first place. It feels to me like, you know, Sarmer went in the city of London, and they went in to secure the assets of Ukraine like they would normally do, and then assets strip it and use that as a means by which to collateralize all the debt day on the road, all the stuff that you talked about last summer Alex.

Trump just walks in and goes, excuse me, no. This is mine. And you all owe us $350 billion. And we're the only ones who will actually treat you well enough to actually rebuild this. And that's it. And they're gone. I'm like, they've already lost Ukraine.

And it's, and they're still, but they're still, you know, army for war. It's insane. But they're not. They're only for war. What I find, what I find fascinating is that the markets are still not real.

I'm not utilizing it. I can, no, it really is. It's like British pound is doing nicely. Well, no, not the pound, but the guilt. Yeah, the guilt's still there, 92, 93. I'm just like, this thing is falling off the cliff, but it's, I think it's in the Wiley Coyote moment, you know, where like they've gone over the cliff, but they're still kind of standing there.

Well, the interesting part about it, I've read something on Twitter the other day. It was a really interesting thread from a guy who was, I can't remember name Michael whatever was talking about the Stephen Mirren paper about the Marago Accords and he was going over that what he thinks Besson is doing is issuing T-bills to run a basis trade on both the pound and the and the euro and then using that by physical gold and then covering the T-bills with the proceeds and and if he's doing that that would make a lot of sense as to why we're still seeing the euro and the pound you know

five, six percent above where they should be while they're in intense negotiations for a trade deal. And Trump is, it's like the vice, right? There, we're, we're, you've got a guy, again, a guy who knows how to manipulate markets. So this is to your point, Martin, about Scott Besson, which is that if he's doing something like this, he's pushing up their currencies while Trump is putting tariffs on them and they're trying to fight Trump's tariff war. And like they're, they're getting squows on both sides. that's the vice.

You've got tariffs on one side, you've got the rising currency in the other. I'm looking at it as an American going, yeah, I'm enjoying the hell out of this. I got a big fucking smile on my face going. Yeah, this is what I want to see out of my leadership. This is the kind of thing I want to see out of my leadership as opposed to constantly being betrayed by a bunch of freaking global shitbags like Obama and Geithner and the rest of them. I'm over it. And then to have Jamie Diamond show up the other day in Palisades out in California,

and say, you guys haven't even started rebuilding it? What are you out in your mind? Jamie Diamond. Jamie Diamond. Calls it blue tape, not red tape. He's, yeah, Jamie Diamond. Yeah. Goes to Pacific.

In what capacity? As the chairman of, as the CEO of J.P. Morgan or, you know, the unofficial. He just visited, basically. Yeah, he visited. But why does he go? Yeah. Right? Because everything Diamond does is almost as important as everything Trump does.

Well, he's, um, I can't say a lot. But I understand. He's, he is very much intuned. Yeah. He's the only one also at Davos that stood up and said Trump was correct. Mm-hmm. She'd get the hell out of NATO.

Yes. Yeah. All during the Biden Hunter, I said that Jamie Diamond was actually the real Secretary of State for the United States, not Blinken. Because everywhere Blinken went to, you know, foment some geopolitical tension, and Diamond shows up about three weeks later, say, don't worry, don't listen to him, he's not really in charge. And so he was a counterbalance of the neocons

who had captured the Blyde. Lincoln was just outright neocon, period. That was it. Ukrainian. He wasn't qualified to be secretary of the treasury for anything. He wasn't qualified to be my secretary. Sorry, and I don't even need one. Maybe he could just push the button for drop bombs.

That's about it. Yeah, yeah. And say really dumb things. You knew from the beginning what the, what he set the tone immediately when they, when they, they met in Alaska with the Chinese and they sort of dressing them down over, you know, the Uyghurs. I'm like, you're going to virtue signal that crap. That's the way you're going to treat the Chinese.

Yeah, this is, I know exactly where the, these four years are going and why you're doing what you're doing. And then I was, thankfully, I was able to figure out, you know, what I thought, how Powell and Fed and New York, you know, it's, it's that moment where, like, New York finally looked up and went, my God, if these people were on the table, we're going to have nothing. They're going to, they're going to steal New York from us, and that cannot happen. And I think we think the thing I, in all the years we've been talking, Alex, the one thing I didn't really consider, I didn't think we talked about it a little bit, but it was really

very clear that there was a sovereign swing at the Pentagon that was also helping behind the scenes. And I think that those. Yes, there was an internal coup. Yeah, at the Pentagon, yeah. I think it's very obvious now in hindsight. Now, it's... What I found really strange was that you had Blinken,

you had Victoria Newland and Garley. And if you looked at their backgrounds, all three claim to have Jewish heritage from Ukraine and they're all families were persecuted by Russians. Christia Friedland as well. How could you possibly get, I mean, I know a lot of Jewish people. Maybe one from that area. I mean, how do you get three from the same area,

all three claiming Russia hurt their families in the same administration? Actually, the whole of the European, in many ways, the whole of the European Union is run by the same people. You have Kayakalas, is another one. Ursula von der Leyen is another one. They're all of that. It looks that they were all placed in there, Christia Freeland here in Canada.

And there's a couple others as well. And it's the same thing over and over and over again. And yeah, it was done on purpose. But what I find fascinating is these people have very, very marginal or no support in the American politics. But somehow they are very disproportionate. powerful. So where does that come from? I think we should need to understand where they come from. So to me, the relevant observation is that their political positions

completely aligned with the policy of the city of London, of the UK foreign policy establishment. And then there's a National Endowment for Democracy and Carl Gershman. And it's funny, okay, so they have the power, USAID. Samantha. They hide their track. So you can't see, you see that they're pursuing the same policy. You see that it's all somehow leading to Ukraine. But you don't see the connection, except that then Carl Gersman promotes Vladimir Karamorza. Vladimir Karamorza is one of those, you know, he's the standing for Alexei Navalny. Alexei Navalny is gone.

So now there's Vladimir Karamorza. And, you know, who hired Vladimir Karamorza, our friend, Bill Browder. So there you get the link up to the MI6 and HSBC and all of those bastards. And CCHQ and all the rest of it. And it's got to be money. You know, how else do all these neocons wield so much power over things? And if you look at the U.S. policy towards Ukraine, you see that they're being dragged, kicking and screaming by the neocons and London. Yeah, yeah.

Because when, sorry. I was going to say, just to remind him to Martin's like, Alex and I met because I was, because he wrote an expose on Bill Browder, and I was introduced to him through Lee Stranahan. So Alex was the first time I ever sat in the host chair on my own podcast, which was terrible. But Alex was very gracious, and that's how we met, was over Bill Browder. So this is a conversation Alex and I had been having for what's that. I wasn't very gracious. Nobody was calling me at that time. Yeah, well, I mean, dude, I thought it was, I mean, you sat with me.

I'm a, you know, so yeah, that's how it started. My relationship. Well, we kind of got to know because basically the book that I did is, of Plachy's Russia. Yeah, yeah. Yeah. The company they were trying to get me to put $10 billion into, right. Was this Humboldage Capital, which was run by Bill Browder and Evan Saffer.

And so we were just crazy. We were talking about. Yeah. And at peak, there were like $4 billion, no? Yeah. So you would have been more than a majority investor than that. Yeah, I was told, that's how I knew they were setting up Yelton. I was told that, look, I said, my computer says it's not going to work.

All right. So I'm not getting involved. I'm not interested. Plus, I knew a lot of these people. And, you know, say, oh, come with us. We're going to buy. And you could be telling him to be the seller on. the side you know and I think I'm joining you and it's really you selling to me you know

right you can't trust these people on the floor and you know and you know you better it's more than just counting your fingers when you deal business with them you know so I would never wanted to get involved with them and and but he was they told me that don't worry we got a show in we're going to replace the president i was told the whole the whole bullshit where in 99 oh yeah uh yeah so they thought they thought that putin was going to was going to or they didn't know about putton oh they didn't even know about no this was all going after uh after yeltsin that they had already had picked that he that was going to be their guy like like victoria new one

yeah yeah they had already picked yeltson's successor after they set him up yeah he was going to be in right oh okay right and so I was told the name and everything and when I refused even tried to call me Varsnowski you know sorry I'm I don't know what the hell's going on at this point I'm not getting involved in regime changes now because what once they did I mean Martin once they got you on one thing they have you on everything well it got so bizarre I mean when I refused my case then starts in September and I it was Barisnovsky's bodyguard said that it was MI6 it took him out and it wasn't a

suicide and no shock there yeah and it's it's Tuesday And I think the CIA took out Sappra. So my case starts in September, and they were just lied to by the banks. They had no clue what the hell my case was even about. And it was like, we were buying portfolios. We're not even managing their money. We were bailing them out, really. and so what all the notes are in yen, not dollars.

So they, and they look at it and like claim to the Ponzi scheme. And I went to my lawyer, says, Ponzi scheme. He says, you pay people back 20% more than you were supposed to? I said, no, I don't know what the hell. You know, when I figured it out, they were charging everything in dollar terms, but the yen went from 75 at 895 to 1.5. 45 by 98. So I'm paying

you back in yen but it cost me half the amount of dollars. So then they didn't understand that. Then no Japanese would sign a complaint against me. So then it turns into I manipulate the yen to make them think they made money.

That's when Gretchen Morgensen says Marty, I like you very much. I don't think you even you could do that. Right. You're good, man, but you're not that good. Exactly. I mean, they just took whatever the bank said.

And then by December 3rd, Safry's dead. So within three months, okay? And everybody's freaking out at that point. Then they start to contempt because I was moving for a speedy trial. My lawyers go, we got to get the hell in before they figure out what the hell they've done. and they started the contempt throw me in contempt take the lawyers away just everything to stop this thing and but when Safra is killed they go what the hell's going on here and because the guys oh sorry about that I'll get back to me

the they didn't you know when When Safra was killed, everybody freaks out. My lawyer is going, do we have to get you a bodyguard or something? What the hell is going on here? Right. And initially, I believed the bullshit that Putin killed him and all this stuff. Because it was Hermitage Capital. I knew he seized Hermitage Capital.

Then I thought, okay, well, maybe he took revenge against Safar. Sure. So then they have his reverse proffer by April saying, okay, fine. We know you didn't steal any money. There's no shit. I mean, how do you get a billion dollars out of a bank and nobody knows? Right. I mean, you know, it's, come on.

And they said, we'll release you. We want you to plead guilty with a conspiracy with Sapper. I said, do you realize what the hell you have stepped into? Right. And I let it all out, which I probably shouldn't have. but I said because they had the bank they went after the bank in New York and that was the what Safra had set up to remove Yelsohn right the NYMF money it's seven billion dollar money on the other office page so that's a parallel case and they

didn't know what the hell was going on with that and I said you know you realize what you stepped into I said you really realized what you stepped into I said you Bank of New York case. I happened to have known that the Minister of Finance of Interior was from Russia was in New York. That's like the head of the FBI investigating the Bank of New York. And I said, I guess to my detriment, I said, you can't get past the Minister of Interior. I said, because all that money leads to Elton. You know, I let it all up.

I was told, put in this money. okay regime change I'm not getting involved in this shit I said and I'm not going to plead guilty some conspiracy with Safra because that's how I did think Putin killed the Safra I said I'm not putting my family at risk

they know I wasn't part of this and I'm not going to say I was and then it just turns into this Mexican standoff but then later on I find out it wasn't it wasn't Putin it was the freaking CIA

they took them out because the same thing with Barasnovsky, they didn't want, he was Barisnovsky wrote what is called his begging letters to Putin. Okay. And so now they couldn't say that Putin killed him because, all right, fine, come home and then kill him, right? Right.

Why kill him in London? Yeah. You know, so. Now you're asking, who actually killed Barzovsky? It was MI6. Of course. And they said there's no way he could commit suicide. What they were afraid of was that he wrote these begging letters

and he was going to go back to Putin and reveal the whole damn thing. Oh, but that makes perfect sense. Of course. And it's funny how all of these Russians seem to die by poison while they're in England. In London. It's amazing. It's amazing. And always in the most illogical way.

You can use some lead, but no, you use like novic chocolate. Amaricium 235, all this stuff. What are you out of your minds? Come on, guys. This is not even a good James Bond script. Yeah, it was just, but clearly being in the middle of all that, the DOJ did not know. They were completely, they had no idea what they stepped into at the time.

And then they couldn't get out of it. it. And that's unfortunately the way it goes. When I was doing the tour for the film, the forecaster, you had to go around all these different cities. And I think it was in Frankfurt. And some woman stood up and she said, oh, this is what's wrong with American justice.

And some German lawyer stands up. He says, what are you talking about? We do this to people here all the time. Oh, really? You're shocked to hear that that European justice is corrupt, really. You, Alex Cranney. I am shocked. Because we, you know, we have our values.

And they're scaffolding around the world with values, but yes. Yeah, I think it's Rassamakas said. About 2,500 years ago, justice is the same in all forms of government. It's always the self-interest of those in power. And it's very true. Nothing's changed. No, no. Because people don't change.

No, that's why history repeats. It's always human nature. They were asking me about, you know, Alberta separating. Of course it's going to separate. Yeah. You know, I mean, how many countries have ever survived? Europe, you know, has opened up. Eventually, eventually everything.

I mean, it's one of those things that's funny, like, I mean, 20 years ago, before I ever did this public, I was like ranting in my, in my laboratory in South Florida, I was drawing up maps on my whiteboard of how the United States would break apart. because I could see it coming. And I was reading your missives, as Jim Sinclair was publishing it on his site. I read them then, and I was thinking about this stuff then and all of this stuff.

But you could just see it. I've always said, like, the United States is too big to govern itself in many ways. But I think where we are in this moment in time is like we have all of these consolidation of big power. So you have Europe trying to consolidate against Russia, which is a node which is against China which is a node and the United States which is a node. And we might have to go through a period of consolidation before another round of breakup.

So that's so as hard as Europe is trying to hold on to as much of the European news and hold on to as much of Europe as possible, the United States has to respond by taking away their access to North America by taking on Greenland, by taking in Canada. And then eventually 20, 30, 40 years from now, the United States, in the next phase of the cycle, the United States will go, you know what, we don't need to be a part of ourselves. We don't need to be this big confederation anymore. We can sort of break up along natural, you know, cultural lines because there's at least 15 different cultures in the United States, at least. Yeah, I mean, it's, the only reason the United States has survived is the structure.

Yes. Okay. The taxation, like per state. So like California, 13 and a half, Florida, we have none. So the problem with Europe is that you have, it's really a centralized government is Marxism at another level. You're taking from one area that's more productive and you're handing it to one that's not. So instead of the individual rich versus the poor, it's like you know, Croatia was the rich one and they gave it to Serbia. Okay.

And so they're doing that here in Canada. Alberta, if you took Alberta out, the rest of Canada is the third world country. Sadly. And so whenever you get that sort of mix, historically, it will always break up. And the United States, we don't have that mix in the sense that. That's bad.

It's in the control of the states. Yeah, you don't have the redistribution where the state that generates a lot of wealth has to... Well, one of the things that I... So we're getting the migration from the blue to the red. But it's not at the federal level. So one of the interesting things about it in the last few months and for the... I touched on it yesterday in the talks, but I know I didn't have time because it's a more esoteric point. But in one of the recent issues of our newsletter, I went over...

the situation with the United States and how the monolithic Fed funds rate and the Banking Act in 1935 rifting off your discussion about the old Fed conception. I said, is there a connection between the Banking Act in 1935 which created the singular Fed fund's as adjudicated by the New York Fed? What did that do to the United States in terms of political power? And so I charted the electoral college votes of California and Mississippi and New York versus from 1900 to today as a percentage of the total electoral votes. And sure shit, in 1900, California and Mississippi both had nine electoral votes.

By 2020 to 2020 election, California census, California has 54 and Mississippi has six. Because what happened was, of course, California was getting the preferential rate because California's cost of capital should have been, as it was growing, should have been five, six, seven percent, while Mississippi in trouble could attract capital to, you know, could attract capital as a two or three percent. And if we had the old Fed structure, that's exactly what would have happened. Right. And we didn't have that structure. And it played out perfectly. And I'm like, so what's been the response? And California is now so corrupt and so expensive that people were leaving and moving. What's interesting is that the other day saw it, Mississippi, just voted to get rid of their state income tax because they're trying to attract capital

and they're trying to attract the capital that's coming I mean they are and in the Mississippi where they already have um and manufacturing auto manufacturing plants and I was running into this the other day as I was at being a being a musician I was I got sucked into the history of PV out of Meridian Mississippi which was born and bred in meridian Mississippi, they were at 30 years ago they were the biggest music, you know, amplifier man, one of the biggest music instrument and amplifier manufacturers in the world. We all used PV gear when we were kids. Oh, really?

Because it was cheap and it was effective and it was incredible value. And it's also, they're also sturdily engineered, it was good roadworthy and everything else. And PV today is a shadow of itself after they had to go to China to do their manufacturing where they had for years, for decades, built all of them, their equipment out of the plant in Meridian, Mississippi. PV.

PV, yeah. And Hartley, and Hartley Peavy was a genius. Like, in electrical engineering terms, Hartley Peevy and Leo Fender are their equivalent in my mind. Like, that dude was a badass. Where's Marshall manufactured? They're British. Marshall's British.

They're all manufactured in China or Indonesia or somewhere else now. Yeah, yeah, yeah. But, you know, Marshall, Vox, those are all British companies, Fenders, an American company, Gibson's an American company. BVie was Meridian, Mississippi, and this voice, literally the voice of Southern Rock. Like they all, like, freaking Leonard Skinner and the Dregs, even Steve Morse for Christ's sake. Like, I hate that. I'm a huge music geek.

It's like, this is my gig. And like, all of those guys used Peavy. It's crazy. And the company's a shadow of itself. And it's really sad. And it's, you know, and it's started with the Banking Act in 1935, ultimately. And then, you know, the global takeover of the Fed.

And I think we're at the cusp of the reversal of that. I talked about it a little bit yesterday. And I think that that's part of our process, is we have to stepwise move backwards to where we need to go. Yeah, I mean, like, they all seem to have copied the Fed after 35 and thought, oh, okay, fine. America is the way forward, blah, blah, blah. And I was here like in the 80s when there was big real estate speculation in Toronto. And it got so good. bad. People were actually demolishing buildings because they couldn't afford the taxes anymore.

It was bizarre, but they were, because the Bank of Canada had kept raising race to try and fight the real estate speculation in Toronto, they were putting farmers and miners out here in Alberta in bankruptcy. you know and um it was just you know that's what I used to get in

you deal with a lot with when G5 came and they were you know all going to be manipulating and um so I dealt a lot of the the central banks and people don't realize they don't really know shit

either that's if they did they wouldn't be calling me in right you know And I had one friend at the Bank of Canada. And it was after G5, and I'm sitting in there with them. And they actually had red phones connecting each other. And it's starting to ring. And I said, Pete, aren't you going to answer the phone?

Not goddamn Germans. I had got enough Deutsche Mark and not buying anymore. It was very interesting to have a front row seat to all this stuff. Sure. Even with the euro, it was, like I can say it now, it was the Bundesbank was very much against it. Because, you know, as I've said,

you know, Herman Cole was just taking it in unilaterally. They were against the euro. They were the ones feeding us all the information from every meeting, all the minutes, here it is. The Bundesbank was? Oh, yeah. Because they were absolutely against it. Right.

They said, you're right. This is not the way to do it. Right. And if I may ask, actually, Martin, and this just popped into my head. I had a friend of mine, a Swiss banker telling me one day that the Swiss National Bank, the S&B, is actually a holy, you know, the way he phrased it's a wholly own subsidiary to put in this bank. Is that, is the relationship that close or? I don't think so. Okay.

When I met with them about the peg, it was... That's the Europeg that they... Yeah, I don't remember the guy's name, but he was an academic in charge of it. I think he was from the University of Geneva or something. And I met with him that maybe a couple weeks before the peg broke. And I said to him, I said, look, I said, this is... Do you realize this is going to break? Right.

And it's going to cost you a fortune. Well, we think we can hold a typical academic. And I said, well, I think the odds are on my favor. Any country that's ever attempted to do this has blown up. I see, remember Britain, you know, in the ERM? So we have two pegs on the board today that are very, very important. Hong Kong and Saudi Rial. and I've been waiting for one of those two to break for years now

and the Saudis keep you know making deals to hold to try and hold the peg or now that I think they're they're trying to diversify their their their client their currency list in order to be able to soft depag the real without any kind of I mean that's that's my read I don't know if I'm right about that in order to break the peg eventually and allow it to to the reality

it would refloat a little bit. So you guys keep talking. I have to take a break for a second. It's just, it's very interesting. They named me four X person the year because of the Swiss pay broke. And I'm like,

thank you very much. That was 16, no? Yeah. That was absolutely spectacular. Yeah, I was like. It was insane. I could not believe it. A lot of people blew up.

But they're academics. Yeah. no trading experience. Yeah. And I tried to explain to him. I said, do you realize this is a guaranteed trade? What do you mean? What do you mean?

I said, I can borrow a trillion dollars. Put it on your peg. If I lose, I get my money back. If I win, I'm going to make a shitload of money. And he's just looking at me. They really don't understand what a peg is. Right. They really don't.

I said, this is like going to the casino. I play red or, you know, I put my money on red. if I lose they give it back to me. Yeah. It's, you know, what do you want? You know, it's what Brenton Woods fell. You can't peg things. And then have a business cycle behind it, you know.

It's my old, you know. Forgive me for interrupting, put the dummy on the table, just admiring this conversation. Would you mind explaining a peg to the dummy in the room? A peg is basically when they fix. a currency like they would say

okay one Canadian dollar to one US period and the government tries to maintain that and so that seems like a poor decision it is and they've done this countless times

I blew up every single time what made I was talking about Besser was that I had advised Maggie Thatcher keeping it out of the pay, out of the earl. She was probably the smartest head of state I think I ever met, honestly. That one report I did is just to me named after her.

It had to be a couple years before the election, and she said that the conservatives were going to lose before we ever heard about Blair. and I said, why? And she said, it's just time. She understood trends and cycles and stuff like that. That's why we kind of got along. But she knew very well that it was a backdoor to federalization of Europe.

And so she kept the pound out of the euro. They staged a coup against her. and to take all because they believed all the euro is going to be this wonderful thing to take and John Major even ran on for the election saying that he promised not to devalue the pound and they stuck the pound in the ERM it was one to pound to be strong to show where and he overvalues it against the Deutschmark you know and this is again it's an action academic or a politician and he's just doing it for political reasons and then it starts getting attacked

Because I had advised thatcher then they're forced to call me in and I said to him I said look You know you overvalue the pound. I mean this is going to break and so I said you have to devalue and and I was told we can't devalue because he ran during the election saying he wasn't going to devalue the pound. So when I do get to write my memoirs, one of these days or whatever, get to the time, I wrote down a paragraph for him, and I'll tell you here where I took it from. And I said, we're going to allow the pound to float to seek its own level. Like, oh, brilliant, same fucking thing, right?

And I took it from Richard Nixon, 1971. He stood up, and he didn't devalue the dime. hour, he said, we're going to allow it to float to seek its own level. And I said, okay, fine, we can't devalue. I'll just take Nixon's words. I gave it to them. And they said, oh, brilliant. You should be John Ranger's speech writer at that point. You know, I, yeah, it was all currency. Of course. It was always currency that dragged me into these different things. and I mean it's been an interesting journey but I've seen more than I wanted to I think many times yeah that I think that's the understatement of the day I think it's what's

really fascinating as you know in our journey I just having been working you know obliquately with Alex for now for six seven years and and I I try to understand this stuck deeper and deeper what I come to realize is that I have to wonder in the grand scheme of things as I said yesterday is that does somebody figure out that currency arbitrage is the means by which to steal wealth for themselves and if they did that then that then everything kind of tracks at a certain level why the central banks are structured the way they are why the the wars have happened on the way they are I look you know again in in an earlier article earlier in

before the one about the Electoral College votes and the Banking Act. I was tracing the trade balance between the United States versus Europe. And I got into that whole period around the German hyperinflation after the Treaty of Versailles, the DOS bonds, the rise of Hitler, the repudiation of the Daws bonds, which is what led to by Hitler, which is what led to, FDR, closing the banks and having to revalue the dollar. It was all part of that, and it all stems from Churchill going against the advice of everybody in the world to revalue the pound at the pre-world conversion rate to gold. He overvalued the pound on purpose in order to try and keep the Germans paying after the German hyperinflation.

He still wanted his pound to flesh because he and the French still owe the Americans a ton of money and blah, blah, blah. blah blah blah and they were trying to extract every last dollar or every last Deutschmark out of them or mark out of them and and so there's a there's both a an incompetence of the managers that are put in charge in the moment and then there's always there just seems to be this nefarious over like you can't miss that part of it and and it's that interplay that becomes really fascinating again as we as you try and study it over time is the way I've been, that's where I get, you know, a lot of the, the, the, draw the conclusions

that I have. And what's fascinating actually on top of that is to say that once you start looking at it that way, you can almost predict what these people are going to do next. If you really think about, oh, they're acting this way on purpose, that means that their next move is going to be this. And, and it fits in with the cycle because they're losing money. so they're losing political power, so they're always going to respond like caged animals. And, you know, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's not, it's not tough, you know.

Yeah, Europe is, is certainly crumbling at this point. And this is why they need war. Right. And, you know, it's, um, actually Hannah and I went, we had a meeting in Berlin. And the guy that owned this company was believed all the press anti-Trump, stuff like that. And he said to me, he says, so, you know, what's your computer say? This is like May before the election. And I said, computer says Trump's going to win and it's going to be big.

Oh, how can you possibly say that? I said, look, it's not my opinion. I said, my opinion is I know these neocons. I've been to dinner with them, and I said to them, I think they're going to try and assassinate them. Because there's too much power that they're going to lose. Right. He says, oh, come on. After that happened, it goes, all right, you're not in the conspiracy theories.

Look, I've had dinner with these people. Right. All right? I've looked at the men's eyes. Right. I've listened to the bullshit. I mean, Bill Crystal in the 90s, which I found interesting because if you look at, General Wesley Clark's video, it's on YouTube from his speech from 2007.

And I met with, you know, I mean, Bill even spoke at one of our conferences back in the 90s. So I knew him. I thought he was more of an economic conservative. He was in the White House, chief of staff to Quayle, et cetera. He's the one that really made me begin to see the real true side to these neocons. And his father had started at the neocon movement and all that shit. And he was telling me, oh, we take out Saddam Hussein, Assad out of Syria and Gaddafi will bring peace to the Middle East.

I said, have you ever been there? Right. I said, they don't see themselves as all Syrians or, I said, it's tribal. Yeah, yeah, absolutely. It's tribal. It's Sunni versus Shiite and many more divisions beyond that. Yeah, and you really, you needed somebody like Saddam Hussein to keep them from killing each other, basically. Otherwise, they're all civil war.

And Erdogan is now going to be wind up in Syria right now. And Erdogan is being given Syria, not for a variety of other reasons. And there are a lot of terrible things are going to happen in Syria. and there's no way of running around that. But it's like it's, it could be, it could, invariably it's like it could be far worse otherwise because, you know, depending on who takes control of Syria, like the news this week is fascinating.

That we have, you know, we've been, like, in fact, it's kind of distracted with Cornerstone. What's going on outside of, you know, has been finding out that Trump is really pissed off with Netanyahu for trying to get him involved in the war in Iran, that he did not want and now he's now Trump is out there saying I want a Palestinian state

like and now that and then the Israeli foreign minister comes back this morning literally and says oh there will be consequences for that and we're like yeah what what are you going to do fart in a general direction like you we own you like without us there is no Israel and when Trump came out and said

while Netanyahu in the room saying oh that guy heard again he kind of made a good move for himself over in Syria and you watch Netanyano's face like just dropped like everything is changing and the size and the size and scope of the game has been revealed what they're actually trying to do and I this is why I'm I'm gonna give my leave my trust in Scott percent for a little while yet to see to see where we are because it looks to me like they have a plan well I don't think a lot of people know but there was a

war, you know, Saudi Arabian desert war. And the Saudis won. So they got Saudi Arabia. All right. The opposition was given Jordan. Jordan was supposed to be the Palestinian state. So the Palestinians lost that. The king of Jordan married a Palestinian to try and blend it together.

That never really worked. but these things are just so tribal and the hatreds go back just so far I just don't see any possible solutions particularly when you're talking about religion you know the the solution is that the big powers have to get out of the way and let them fight it out amongst themselves because they're all because they're all acting far beyond their ability to create they're all going, well, I got the big bodyguard behind me, the Israelis think that they've got the Americans, the Iranians in some ways think they have the Russians and or the Chinese. Like, everybody is acting in ways that they believe they have a bigger brother that'll stand by them for whatever reason there is. And I look at that and I say, I don't know if you, Alex, you and I haven't really talked about this in a while, so I'll turn the mic over to you in a second.

but I ultimately I think that the that what has to be crafted is a way for both of the major powers to leave the area without there being sectarian vast sectarian bloodshed and giving urtagan giving syria to urtigan effect is the least bad solution of all of it that's the way I've been reading I mean when you say both powers you mean who I mean the Russians and the Americans oh the Russians and the Americans okay in the same way that we're the same way I think we're trying to get them out of it's a way I think we're trying to get them out of it. of Ukraine. Though Trump, unfortunately, I think, has to take control of Ukraine in order to keep Europe out of it for collateral purposes. Right. That's, but I think that's very temporary. I think that's a 20, I think that's a 10 or 15, 20 year process, rebuild the place, get, get repaid the United States, get out.

And then, but in the process, as Europe collapses, then there's no chance that they're going to come in and start this shit up again five or 10 years from now. That's, I think, the, I think that's the gambit. The big problem is really coming out of France. It's Macron. Yeah, yeah. Agreed. I've been in contact with a couple of generals who wanted the Senate to vote about war to overrule Macron.

Right. And they're like, he's stripping them of rank and everything. And I talked to some people in France. very well up in the government. They basically call him the Petit Napoleon. And he honestly thinks, and this is just the typical deranged bullshit from that area, that they can, they're just using Ukraine and they were trying to get Romania to do the same. and to take as many Russians with you and then they can just walk in.

And McCrone thinks that he'll then have the $75 trillion in assets of natural resources of Russia, and that's twice the size of the U.S. national debt, and the Roman Empire will rise in the dust. And the funny part about it is that if anybody knows anything about France, they know that the president only serves at the pleasure of the military. If you piss off the French military, which is a very powerful lobby in France, you're in trouble. And if he's pulling in Obama, right? If he's pulling in Obama to the French military, he's going to wind up on a lamppost. Sooner rather than right?

Yeah, I know some people who are close to the French military circles, and pretty much the pervasive belief, is that this ends in a civil war in France. Yeah. Yeah. And they say that we're preparing for that. That's very new. I did not know that.

That's interesting. I hear the same thing from Germany. You hear this? Yeah, yeah, actually. And what I'm hearing from the Italians is that they're just hunkering down, hoping they can control the deep state. So now let's talk about the Pope.

Oh, yeah, that's interesting. I don't know what to think about the Pope. because I don't quite know either, right? But if Trump went to the funeral to effectively say, okay, look, this is all done. And I don't know, I can read it like a couple of different ways. The American Pope being this is the, this is the, the continentals of Europe through the Vatican are like, we're going to funnel billions in to continue to deal. destabilized the United States and start another summer of violence that makes 2020 look like an Amish barn raising.

Or it's a message from Trump that we are now going to, that as Americans, we are in control of what's going on in the Italian deep state. And I do think, what I've been thinking is that Sergio Matarela, the president in Italy, wants out. He's supposedly sick. He's 83 years old. He's been the guy that has defended the Italian deep state and Davos. and Europe in Italy for 15 years now. He's the guy who got Mario Mont.

All those technocratic caretaker governments all went through Matarella overstepping his authority constitutionally. And everybody just like turning a blind eye to and going if Matarela wants out, is that because the tide is shifted against him? Is he really sick? And who's going to be his replacement?

So I think the Pope and the Italian president are tied at the hip. And I've been talking to Italians about this for a while. They were freaking out like two years ago when they, when Matarillo signed the Treaty of Carinale, which effectively ceded Northern Italy to fucking France. And it's like this is not absolutely no. And so something has changed. And the American military, I think, is making their presence felt in Italy in a way that we have not seen since World War II. That's very interesting actually, because you know what I've been what I've been observing, I was just observing this.

I don't know, you know, like I see the connections, but I don't know what's behind it. Sure. Okay, so I've been going to this thing called Eurasian integration conferences, Verona, Eurasian integration conferences. It used to be organized in Verona. And now they're doing it, went to Bakuazirbejan, then Samarkand, and UAE, so it's every year in a different place. I kind of went there and I thought, I was wondering like, am I in a den of vipers? Why am I here? I don't quite understand why they invited me, but okay, you know, like you go there,

you mingle, you talk to people, you find out what you're going to find out. And I noticed that it's a very high budget production. I'm thinking, who the hell is financing this? You know, this is kind of, because they, you know, to Samarkand, they bring, brought all these A-level Italian musicians and bands to, to perform in in in in freaking kyrgyzstan right in the middle of norway um i think like what is all this about i don't get it and and all the talk there is multipolar integrations russia good uh iran good china good and there's all these italians in this room and it's low it's it's actually

plain loads of italians that's i actually flew on one you know like they said like well you know you know easiest, you just like come up to Verona and then we have charter flight and so that's what I did. And then, you know, so I kind of like check things out and I realize this is one of the G-Sibs that's financing this. It's hidden. It's not obvious, but it's one of the G-sibs. And then here's what happens. And then I'm wondering about Trump. Like somebody's behind it. This is not just him. Right. I mean, he's a billionaire, but he's not that. Right. And then there's Elon Musk who comes on board.

What is all this about? Well, already in the, already during the Biden administration, Elon Musk got a major contract with the U.S. Space Forces, which is weird, but I remember that space forces were set up by Trump. And it was really controversial. Everybody was freaking out. Like, why is he doing this? And I thought, who knows, maybe he's doing it because he wants a brand new military structure there.

Yes. That he can staff with people loyal to him because everything else is compromised. And so they give a major contract to Elon Musk. And I thought like, all right, whatever. And then literally like within two weeks, this same G-Sib that's all over the multipolar integrations makes them. massive investment into SpaceX. You understand? And so, and I noticed also that some of the people who are in this European integration

conferences are Jesuits. You know, like, I, I talk to them and it was like, oh yeah, I'm a Jesuit. That's why I thought like, holy shit, I'm in a den of vipers. But I don't know, maybe. And then, you know, like, I drive by Verona probably 10 times a year. And every time I drive by Verona, exactly there, there's like this big giant Tesla thing. You know, like it's a building you can't miss because it must have cost a lot of money to build because it's just these massive glass panels that you've never seen the size of glass panel.

So, and I'm thinking like, what the hell? Why the hell does Tesla have this giant thing in the middle of nowhere in Verona? you know so I think that that's somehow the linkage I think I think there's got to be like a civil war between between banking families going on and a part of that and so you know it makes sense to me then that because also Steve Bannon is linked up with the Jesuits oh yeah and he's he's been all he's been very very opposed to the Pope The new pope. The old pope. Francis. Yeah, yeah. Yeah, so he's been working with the Jesuit. I can't remember off the top of my head, but I remember reading articles, interviews with Steve Bannon, where he was, he even had an office somewhere, I think in Italy at one of the Jesuit convents or something.

So there's a, yeah, you know, now that you mention all this, I realize there's the fact that, maybe this is one source of support for Trump. It is absolutely. And then Trump suddenly has this influence into who's going to be the next pope, and the next pope turns out to be an American. And we got a hand-picked. And Elon Musk and Steve Bannon. And it all kind of comes together,

and suddenly Italy becomes really important. And they have Georgia Maloney there. And I think that maybe Italy is going to be the epicenter. of EU disintegrating. And Trump just happens to be reinforcing Greece with a whole lot of men and material and whatnot from Poland, then Germany and everything else. It's all moving into Greece. You've got the Balkans all beginning to coalesce around.

I saw something right before I came upstairs. I was looking through my Twitter feed and prominent Ukrainian account. I don't know if he's like foreign minister or something. One of these guys complaining about the Hungarians doing covert operations of the Transcarpathia to effectively betray the Ukrainians to do fact-finding. I said at the beginning of the war that Hungarians are going to get Transcarpathia back. The Poles are going to get Leviv back or Levovath back. This is going to happen.

And you're starting to see this whole process play itself out. Like, I expect, I'm telling you, Rump Europe is coming. They're going to cut France and Germany off from the, they're going to cut France and Germany off from the northern coast of the of the Mediterranean and they're going to turn the Mediterranean into an Italian and Greek lake just like they've turned the Black Sea into a Russian Turkish lake and now we just have to bottle the Europeans up so that they and then free the the British and then take Greenland Canada and and bottle them up and let them and as I like to put it turn them into a

John Carpenter movie and let them die So that, and we get the end of this 400 year period of history, linking up with your cycle, your macro cycle, that that's what I'm talking about here. I got thinking about all of this stuff in these terms, just simply thinking about the way you've described the cycles. And it all lines up with the solar cycles, it all lines up with all the things that are happening. And you're like, is this really happening? And then there it is.

I'm like, yeah, it's happening. And then I have to, like, stand there and go, did we choose this? as I talked about yesterday is this this where we're going here I'm okay with this like it it just I can see it happening you turn rum you create a rump

landlocked Ukraine which we rebuild you create a rump landlocked Europe which finally breaks down that four to 500 year history what I like to call the era of the central bank starting with the Dutch central bank and then the Bank of England

and then to today are we at the verge of a complete revolution and the way humanity organizes itself and what does that look like? That's what our computer's been showing. You go through these cycles

of you know the American Revolution was against monarchy and then the French said that's a good idea is that they joined. These things turn to be a contagion. You know, even if you you look back when communism fell in 89, Tenement Square, then six months later, Berlin Wall falls. People go, oh, it's communication. I said, no, it's not. If you knew your history,

Rome overthrew its Tarkin Kings in 509. Within six months, Athens overthrows its tyrants, and democracy is born. Okay, all right, fine, one's democracy, one's republic, but it's a revolution that it becomes a contagion all throughout the Mediterranean area. And this is the end of, we go through six of these cycles. And 2032, it's it. I mean, that's where, you know, the guy that was doing the movies on me, he asked me, says, how does it feel to live through your forecasts? I said, not so great, but, you know, it's not me personally.

Right, right, right. This is what the computer said. My job is to say, this is what it's said. It's not my opinion. It's not something I want to see. But this is my old PA used to have that little stick figure with the signs. It happened. One of those was really funny is I can't speak for Alex, certainly.

But I can tell you that my entire life, I've been, I've looked at this and gone, I grew up in, you know, I grew upstate New York. That was NYPD. and I remember him having to pledge his pension. You know, the cops pledging their pensions to help bail out the city in the late 70s. And I remember that being a big deal within my house, I mean, eventually they got paid, but it was used as the pension, the cop's pension, the fireman, was used as collateral in order for the city to secure the loans necessary to keep it running.

And all I remember, you know, thinking about it was that I kept thinking this whole thing is going to collapse. If we can't pay for this shit now, how are we going to pay for this 30 years in the future? I'm nine years old, 10 years old. So interestingly enough, I'm just, as you were speaking, Martin, what I was now reviewing my entire life going, of course I seek out that information that would help me, because I've had this sort of Damocles hanging over my head my entire life. The impending apocalypse has been here, it's coming. And I'm like, how does it feel to live through all this?

Well, for me, it's been like trying to figure out what it looks like, and is there a way of, you know, not avoiding it, but at least understanding it. And that's, and I think that that's led us to this table. I don't know about, you know, I don't know if you've got a similar thing in your experience. I know I've talked to Sean about some of this. Well, I can tell you that, I mean, you know, Klaus Schwab, back in where I was talking about the gay own family and stuff like that yeah we opened up an office in Geneva

you talked about den of the wipers back the reason we became the largest FX advisors because it used to go out over telex right so one transmission per day it was 75 We had people paying three, 400,000 and communication costs just to get the daily reports. Okay, so that's why we ended up with the biggest institutions because nobody else could have possibly afforded.

So we were opening up an office in Geneva, the idea that, okay, fine, we'd open office there, send one there and redistribute from there to bring down the costs. Oh, right. Yeah. And that's when I had no, I mean, we were talking about it before, about know your client. That all that stuff came in in the 90s, but in the 80s, you didn't know shit. You know, it's stepped into there, the Gay-owned family, which was the opposite, I thought I was dealing with the Hilton hotel chain, Noga Hilton's. Noga is Gaon backwards.

They had all the oil wells in Nigeria, and then Nigeria went through a coup, and so they were nationalized, they lost that. So a lot of people thought that Geyones were going to go down. And then they took in silent partners. The Simon partners were Kishogi, the arms dealer, Gaddafi, and Marcos. and they had offered me $5 million just to use my name.

They wanted to open up Armstrong brokerage house and took me to dinner and everybody's there. Met Schwab and I mean, they invited everybody from Geneva in. And I just thought, nobody gives you $5 million just to use your name. Oh, you don't have to do anything. I said, you know, I don't know. I just, you know, something just didn't sit right. Of course.

And they had a big, you know, poster. They were building this, it was Harold Square in New York City. Big tall building, and each floor was going to be a different shopping center. And so I thought that was theirs. They invite me to the grand opening in New York. After Ferdinand Marcos leaves the Philippines and all the gold disappears, I get the FBI coming in my office, ask me where Marcus's gold is.

I said, I don't know Marcus, you know what he's talking about? They didn't believe me. Come on. You were on his VIP list for the grand opening of Harold Square. Right. I thought the guy owns over there. Turns out of Marcus in his own day. He also had a house in Princeton.

Oh, Jesus. About five miles maybe from my office? Right. Oh, come on. You didn't know him? He must have bought it. The way they create conspiracy theories that he bought a house in Princeton to be near me and all this shit, you know. Then you got to ask the question that did they do that in order to set you up?

I don't know. I mean, it, but. If they target, because they want to work with you, like the way these people operate, like, they set their plans of motion. I ended up managing money for Gaddafi twice you know and back then you back office you know they try to do the due diligence

and we're trading okay and they come back do you know you're managing money for I said yeah a sort of group no it's Gaddafi I said what? And then that's when the U.S. had the sanctions against Syria and I'm going to oh I mean Libya and I'm going oh shit

you know and I said got to shut down the account. Right. Opens it again under another group. They do the same. I learned, as I was telling Alex, I'd get a call with banks,

he says, come on in, we've got a client wants to give you $500 million to manage, and you go in, there's a curtain between you and him. I said, who's on the other side? I'll let them know. I said, no thanks. This was Geneva in the 80s. So why they came through with the no-year,

client's right okay I see as I that stuff goes it was never had no freaking clue obviously the FBI didn't know either right yeah and I had we had a company called Granodex which was like the biggest green company in Geneva and I'm getting

requests for all kinds of studies for platinum and geopolitical stuff and I'm going the hell's the green company went with all this right you know and so I went to lunch with the I had a UBS at the and I asked him, I said, what's with Granitex? And, you know, he says, oh, Marty, you don't know? I said, no.

He said, they were fun for the KGB. I said, okay. Thank you very much. It was one giant masquerade party. Sure. And that's why after that, I said, look, I'm only going with public corporations. There you go. That's it.

You know, I don't know who the hell is anybody anymore. It was really wild in the 80s. end but they were all trading I even had this group I thought they were Irish the red hair you know white skin it turned out to be the counter-revolutionary army in Iran trading commodities to buy arms to fund a revolution against the Ayatollah KGB CIA they're all trading commodities in the 80s to make money to fund some covert operation.

It was just like the 80s was like, oh, holy shit. It's just absolutely crazy. But it was enlightening. Gentlemen, I know there's other things to do today. Yes, sir. I don't want to end, because I've just been sitting here a fly. I just have a quick question for Martin.

What do you think happens to Euro in the past? which one which one crashes first probably the euro probably the euro probably the euro I think well then mainly because all the you know at least the podcast I'm doing Italy and Croatians or and the I would say two years ago they would say you think the euro is going to crack now it's like when yeah yeah it's it's definitely shifted everyone that I talked to it's like you know how much much more we got to endure this. Well, I think the U.S.

UK trade deal, depending on the terms of it, maybe a sign of surrender. Like, there's a lot going on. We still have the looming June of 2026 where the UK is not out from underneath the, this is a divorce decree where they got 10 years after the vote, where they're

still on the hook for all this. So, you know, I don't think Trump wants to destroy England. Does he want to destroy City of London? Yes. City of London, yes. England, no, he wants to preserve England. He's trying to protect that, I think. So if I were going to make the case between the pound and euro, I would choose the euro simply because that's where Trump is going to put his.

But I also think that individual central banks in Europe, you know, the Bundesbank and the French, I think they're printing money. It's like the Soviet Union. You know, it fell apart in 1991. For another year, Russia, Kazakhstan, Ukraine, Belarus, they all all printed rubles to fund their own needs. And then you had January, February, 292, you had inflation take off like 500% overnight. Because they just piled some, and I think that the European Union, individual central banks on the European Union are not doing exactly the same thing.

Well, I can tell you, though, like, when you're looking at like German-Italian bonds spreads, like the collapse between the the amount of money that has moved into Italy versus Germany over the last three years since she started doing yield curve controls insane. The Italian tenure is down to under 3.7%. That makes sense. But they have stable

leadership. And they have the Americans now. Someone got the notice that the United States is defending Italy against Germany and France. And I think the bond spread is a good as a good indicator of all the things we just talked about.

Also, why I say, you know, the Euro, is the, when the, when the, when the, why I warned them about the structure was to be disastrous, is that we saw it in 2010 with Greece. Yep. Once one goes down, it sets off a contagion. Yep. All right. So the real risk in Europe is that one of them has a problem. Yeah. Yeah. And then people are going, oh, shit, who's next? And then it will just go from France. I guess. Legarde is absolutely like trying to control everything. And she no longer has the U.S. Treasury Secretary helping her out.

So what I'm seeing is, especially with the inversion of the U.S. current inversion of the U.S. yield curve, like they're selling 30s and they're buying two. in order to try and manage the market's perception of where the risk is and where the yield spreads should be. She's been doing this ship for three years now. But now they're having to spend their own money to do it. Before they were getting Jenny Ellen to spend our money to do it, now they're having to put their money on the table. That's why ultimately I think that's what we're dealing with, is that eventually they're going to run out.

As Margaret Thatcher, your friend Margaret Thatcher always said, the great thing about socialism is eventually you run out of other people's money. Yeah, no, I mean, Maggie was, Maggie was always very on point. She knew, she said, this is a backdoor to federalization. Yes. And that's why she wanted to get to keep it the hell out. So, yeah.

I do have to get going because we have to get going. No, I know. About now and I got to get there first. No, I appreciate, you know, to the people who didn't make it. I just, you know, and to the people who did make it. This has been a real treat and honor to have you guys, you know, here in Calgary for the event. And then, you know, this was about as impromptu as it gets. I ran into Tom at breakfast this morning.

And I'm like, I don't have anything for tomorrow, you know, as people are listed this Monday. I'm like, and yet everybody's sitting in this hotel. I'm like, I should just make a couple calls and make it. And I don't know, you know, all we need is a big thing. cigars here and and it's almost it's just it's just you know I'm sitting here and I'm like you know this is a surreal moment in in a podcaster's life I think you know just maybe another mark on the journey of you know putting things together the first one happened in 2023 when you two and I'm pointing at Alex and Tom landed and came to Lloyd Minster and then and Martin now to have you

here a couple years later in 2025 I just want to say thanks again for all of you showing up and being here and I hope you enjoyed yourselves and I don't know I got nothing else to say just thank you again for being warm you bring me here on it's 40 below right I it's no but Sean thank you for organizing I think it was a very worthy event yeah for everybody who was involved in making sure and helping you get this get through doing this thing in Calgary which I know was a big deal for you yeah it was great to see for me yesterday the best part of yesterday was seeing just how much you got validation and you and Nick and everybody got validation for the work that you put into this

and I'm pleased as punch and you know humbled to be a part of it so the more of us globally as I notice I'm doing these podcasts all around the world and it's it's obviously they're coming to me because they were the same mindset yes so it I see it rising yes Yeah. Globally. Yeah. Because it's clear. Yeah.

I mean, people were just like, they're recognizing that something's wrong. Yes. Yeah. And so they're not all just sheep waiting to be slaughtered, you know? Yeah. Not at all. Not at all. Gentlemen, thank you again.

Mr. Newman. Thank you. Thank you for having us.