Shaun Newman Podcast - #996 - Martin Armstrong

Episode Date: February 5, 2026

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. We discuss Silver/Gold, Alberta Independence and confidence in governments world wide. Tickets to Cornerstone Forum 26’: https://www.showpass.com/cornerstone26/Silver Gold Bull Links:Website: https://silvergoldbull.ca/Email: [e-mail] Grahame: [phone]Bow Valley Credit UnionBitcoin: www.bowvalleycu.com/en/personal/investing-wealth/bitcoin-gatewayEmail: [e-mail] Get your voice heard: Text Shaun 587-217-8500

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 Thursday. Yeah, we got an excellent on tap here for you today before we get there. Did you know you can hold physical gold and silver in your registered accounts?

The deadline for. contributions to your RRSP, TFSA, RRIF for kids at RESP is March 2nd. So that's less than a month away, folks. Obviously once it's, or maybe not obviously, once your contribution is made, you can invest it into physical precious metals at any time. And Silver Gold Bowl can help you with all their in-house solutions, whether buying, selling, or storing precious metals. Down on the show notes, you can text your email, Graham, for details with any questions

you have around investing in precious metals and for future Silverdale's exclusively offered to the SMP listener. And speaking of silver, how about we take a look at the charts? Today, a buck 1593. And Martin's got some interesting thoughts on precious metals over the next, I don't know, five years, five, six years, something like that that I think some people are going to find interesting. I'll wait in here and what you find folks have to say about that. Guardian plumbing and heating, these guys have been keeping homes, farms, and businesses running smoothly since 2010, whether it's expert service, cutting edge power solutions, or advice you can trust. Guardian Plumbing and Heating has your back.

You can find them at Guardian Plumbing.combing.com. They've been protecting their customers from the unexpected through innovative solutions. Ignite Distribution, that's Shane Stafford and his group over there. They have the filter sale. It's once per year. It's below cost pricing, say 50% or more on all of Napa Gold filters. The only way they can sell at these prices is that during the event, the manufacturer will subsidize their losses by rebate. them back. It's a great time to buy a year's supply of farm,

HD equipment, lawn and garden, and regular automotive equipment. Anyone who is interested can give them a call 780 842-3433 for pricing and to place your orders. Make sure folks, if you're making the call, you reference the Sean Newman podcast. Yeah, all, so just like the RRSP contributions have to be done by March 2nd, your filter orders have to be placed by March 2nd. And I'm just, just going to go down. They sent me a huge list. Like there's a ton of stuff, all right? A Peterbilt C-15 engine, well, I guess Peterbilt 379 cat C-15 engine, okay? Let's go here. The air filter regularly 274, you're going to get it for 121. So if you're looking at the price of things

and going, man, it just keeps going up and up and up. This one's for you guys, all right? You can buy filters right now place it through ignite and get them for like i don't know i'm just looking the percentages off on like a 2018 ram uh 56% off 59% off 59% off 50% off it just goes on and on and on so why not make a call and try and save yourself some money today that's ignite distribution their big sale you got to have your orders placed by march second their number once again 780 8423433 that's Shane Stafford and team over there. Well, today's guest, Martin Armstrong, is going to be at the Cornerstone Forum, March 28th. And I was, you know, I was saying like, what was that?

Five days ago? Was it the start of the week? I'm kind of forgetting now, you know, like I was saying, oh, we're closing in a hundred tickets left and we've sold 150 in a week. Since I said that, we're now below 100 tickets left. We have 94 as I sit here left to go. That's now nine tables left sitting there. and if you're procrastinating, I would just suggest you go down on the show notes

or you go to showpass.com backslash cornerstone 26. We sold 14 yesterday. So you can do the math on how quickly this is going to sell it if we keep a similar pace. We've been, it's not going to be that long, I don't think. So, you know, if Martin Armstrong doesn't do it for you, maybe Neil Oliverwell or the Premier of Alberta or Tom and Alex, Vince Lanchi, Karen Kutowski,

Karen Kutowski, sorry, put your name every day, time. I can hear Andrew laughing at me because he keeps texting me about me butchering your name. Regardless, the Cornerstone Forum returns March 28th. I hope to see you there and don't wait. The tickets are going to sell out. It's just a matter of when and if you get yours. If you're listening or watching on Spotify, Apple, YouTube, Rumble, X, Facebook, Substack, make sure to subscribe, make sure to leave a review. On Substack, you can become a paid member, which gives you some behind the scenes footage on, you know, the odd thing here and there. The other thing it does is Kevin had brought this up, and we did it today with Martin,

is that, you know, when I have recurring guests on, people have questions because they've listened the first time, or, you know, you think of Tom and Alex and on and on it goes, and they're saying, you know, maybe we could have a way to ask questions. So we did that yesterday, and I plan to start doing it moving forward. and the only people get access to asking questions are going to be the paid members. Just one of the cool perks of being there.

That's substack. If you want to be in on that, head on over to substack. No, folks, you don't have to do that. You can just be subscribed as a free member too. Appreciate you all being on this journey. Now, let's get on to that tail of the tape. Today's guest is the CEO of Armstrong Analytics.

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. Martin. Thanks for hopping back on. Oh, it's always interesting to see you.

That's putting it lightly, isn't it? Like, I mean, it's like, what are we going to talk about? I'm like, I'm trying to compile all the things. I'm like, how do I shorten this so that it doesn't go 17 hours? I want to start with just a simple thing off X. You put, I believe I've shaken the ground that the neocon stand on. So if I die by a suicide, you know who it really is. Could you just walk me through this?

I read that and I'm like, if Martin doesn't show up tomorrow, that would be newsworthy on my end. Well, is senators around me being called in to write the peace plan? Initially, I was asked, I want to come to a briefing. on Russia. I'm like, you want to brief me on what you're doing in Russia? Okay. I took Hannah, who you know, I assumed it's just a conversation. I get there.

And then she has to leave the room. I said, oh, this is national security now? I mean, I have clearance. And so they escorted her out. And then strangely, I was asked to write this peace plan that Putin would accept. And then, I mean, they know I have my back channels around the world. And then they said they want me to write it and use my back. channels. I said, you want me to do this? I said, yeah. So I'm like, why am I being called in?

So I said, I'm thinking maybe this is a side, you know, clandestine group or something. And I said, is this sanctioned? And I was told yes. I said, all right. So I wrote it. I put it on the blog because using my back channels, I have to make sure that the people that are going to get it can always say they got it from a public source, rather than me handing it to them. But I did, I got it on public.

I got it on Putin's desk. And two days later, Labrov came out and said basically what I had, what this was about. And he came out and he said, Russia is willing to guarantee we're not interested in going into NATO. Of course, NATO then comes out, oh, they're lying. You know, so what I mean by that comment is that at that meeting, I mean, they know where I stand. And I said, look, you know, your enemy is going to be the EU, not Russia. The EU is going to stab you in the back on any type of a peace plan.

I even specifically named Calus. I should be careful with her. The response was, yes, we know. I met her personally. I said, okay. And then they said, we agree with you. We will not be in war with Russia. It will be China.

I said, okay. And I said, we should get the hell out of NATO. because they're going to do a false flag to drag the United States and Canada, by the way, into World War III. And to my shock, they said, yes, we agree. I know that. So I guess that's why I was called in. Then what I should say is because of what I went through before. they were trying to do this regime change in Russia back in 2000. And that's when they had asked me to put in $10 billion, and I refused.

Okay. So Putin knows, I think also the reason they asked me is that Putin knows that if it comes from me, I'm not one of them. So they even said, we're very sorry for what they did to you, but it gave you more credibility. And I guess, okay, I understand where we're coming from. So I guess that's why I was called in. Then, but I have nothing in writing. Then Mark Rubio comes out publicly and says, we are behind NATO, we will not leave. So then I begin to see the reason I'm called in is because I'm on the opposite side of the table from the neocons.

And Rubio, I've had contact with him. He's basically, I was surprised he was given Secretary of State, and I was told that that was a of a branch to the neocons. So I assume that I was then called in because I'm on the opposite side. And so obviously there's some sort of a rift in the administration. And then all of a sudden, a couple months later, I got a letter from Trump. thank you for what I wrote. So I guess it was sanctioned. And if people want to read the letter,

it's sitting at the top of your X-Feed, just to point that out. Yeah, I mean, so, you know, look, this is, I've been battling against these people since 98. And I know some of them. I've been to dinner with them. Bill Crystal, whose father even started the NILOCOM movement, spoke at one of our conferences. So I know, Bill.

So I've, you know, I've definitely am not, you know, I've been there. You know, it's not a conspiracy theory type stuff. Oh, I think they might do this or whatever. I've actually had dinner with these people. So I guess that puts me in a different. category. And, um, plus, I mean, look, we have offices around the world. You know, when China, you know, was the 97 Asian currency crisis. I'm the one that China called in. Met with the central bank, all that stuff. When they were forming the euro, I was called in on that. I've just been in the

middle of just about every financial crisis since, you know, really the 70s. And what people have to realize is that when Britain Woods collapsed in 71, the currencies just started trading in futures in 72. I had a client who happened to. to have been the executive vice president of Franklin National Bank. And that was the bank that started MasterCard and was the first bank to fail after the fall of Bretton Woods. It failed in 74. And so he came to me, he says, would you come take a look at this? because there were no academics or anybody that understood a floating exchange rate rather than Milton Friedman, basically. And to this day, they still teach Keynesian economics and university.

So I got called into that, and the bank went down on a 10% move in the Italian lira. people didn't know about hedging back then or anything of that nature. So pretty much after that, because there was nobody with experience in foreign exchange, I just got called into absolutely everything, forming the G5 and 85, 87 crash, creating the euro. I mean, every, I've been there, done that on everything, met with the Swiss, you know, central bank over

breaking the peg in the euro Swiss. You know, this is it. Like I've said, I'm not an academic. I'm a trader.

And this stuff is still not taught in school. I won't mention the university, but one of the top five in the world invited me to lunch.

I went and they asked me if I would teach. I said, excuse me? I said, you know, I'm not really interested in teaching a class in university. But I asked, I said, why are you asking me? They actually did say, I swear to God, they said, we know what we teach doesn't work. I said, well, that's the first step, okay? But that's why I get called in the central board. banks and stuff. I mean, Keynesian economics does not work. It has failed. Even you can look up, Paul Volker wrote Rediscovery of the Business Cycle, 1979. Even Paul,

at that point, said everything we were taught, this new economics failed. The 1974, you know, recession proved that. I mean, I met with Paul and he said, you're right. Business cycle is eight years. The guy before him at the Fed, Arthur Burns, he was there for the fall of Bretton Woods. Look him up. He came out and he says, business cycle always wins. But, you know, university, they keep telling you, the business cycle is just random so we can manipulate it. They can smooth it out and eliminate recessions of the pressures. So, I mean, I've just always been on the opposite side of the bankers that are manipulating in New York, the neocons. And I just seem to get called into everything all the time.

So if you, I go back to the tweet you had, you look at it and you go, I am really messing up their plants. and it's evident to you. And you've been down the cycle of what they do to people who mess up their plans. And you go, Simple Math says, I better be careful. I really give a shit. They're putting out a sequel to the movie on me, The Forecaster. And I should say this, to try and stop that movie. movie. They broke into the producer's offices, stole what they thought was all the film to try and stop it.

He had backups. I mean, they have gone to extreme lengths. The forecaster, I think it was on TV in Canada, never in the United States. You can see it on planes flying to the United States. And it was on in like Norway, et cetera, and TV. I mean, I even appeared on French TV. Not American. So much for freedom of speech. I can tell you that the producer, Mark, Marcus Vedder, had to deal with Netflix at the very last minute. He got a phone call. sorry, we can no longer show it. So somebody picked up the phone and said, knock that off. But in the sequel,

well, I should say in the first film, there's a guy from the Bureau of Prisons, Oliver Brown, that appeared in it. And listen to what he says. All right. the day before the FBI shows up at his house to try and intimidate him not to be in the movie. I give him a lot of credit.

He kicked him the hell out. And the sequel that's coming out, 2000, it's not probably well known, but with the Great Recession, 2008 to, you know, 07 to 09, Here I'm in prison. Congress comes to me, even in prison. I'm helping them.

I'm talking to the House Financial Services Committee on, again, the opposite side of the bankers. So what happens? They got a hold of the BOP. they had the BOP throw me in the hole to cut off my communications. Here I am in the hole, which is isolation, no phones, anything, all right? And so what happens, all of a sudden, the head of what we call the SIS. It's like the secret police to watch the police, all right? those types of people are kind of like the Nazi SS, you know.

If you walked by one, you don't look them in the eye, you look down at the ground because they're just, they're the worst of the worst. The head of that comes to the cell to take me out and he starts kissing my ass. I've been trying to get you out of here. It wasn't me. You know, and it was the warden. everybody's throwing the warden under the bus. I finally get back to the camp. I said, what the hell is going on here? He said, there's a congressional investigation who put you in the

hole. So the guy from Congress, I mean, you cut my communications off with Congress in the middle of this crisis. They then send a letter demanding who put me in the hole and why. And all of a sudden I'm released and I mean you can't make up all this shit. I mean, the battles I've had with these people back and forth, you know, for manipulating markets and regime changes and everything, you know, it's like, I'm sorry, I don't want to be part of all this shit. You know, but, you know, I guess like they said at that meeting, very sorry, you know, for what they did to you, but it gave you more credibility.

And Martin, when, when does the new movie come out? I think before summer, I know they're doing also the Hollywood movie. I don't think that's going to be out until next year. But I agree to do that because the, they want to. show that cyclical analysis is the way forward. And so they want to show what was done to me, why, and all this other stuff. The sequel to the forecasters coming out because all the forecasts I've made in the first film have all come true. So they want to go over that.

And so obviously there's a better way to do this stuff. I believe that, you know, the problem we have is that some politician stands up. So, vote for me, I'll lower unemployment. If the whole world is going down in a recession or depression, you can't take a single country and go opposite. all right we're all connected so you know if you understood what this is about um you take you know europe going negative on interest rates i warn them they don't understand how this you know oh punish the people for saving they're going to save and not spend if you have no confidence in the future. Simple as that. You can't punish them to go spend money on something that they don't need.

You know, but this is the stuff that they do. I mean, I remember back in the 70s, my accountant came and he says, look, you got to spend $50,000. I said, on what? Doesn't matter anything. If you don't, you're going to have to pay that to the government. It's the investment. It's the investment. tax credit. I said, who came up with this one? You know, so you end up, I can tell you at Fort Dix, they got, you know, if you saw the, you know, the lost arc of, you know, in that movie and there's that warehouse they put it, that really exists. They bought thousands and thousands and thousands, of computers never used. Why? Because they have these rules. Let's say they give your agency $10 million. If you didn't spend it all, you're automatically cut back to whatever it was you

spent. So they waste money at the end of every fiscal year. They go out and buy shit they no need just to spend that money so it's not cut back. There are warehouses at Fort Dix in New Jersey with probably things that belong in the Smithsonian. I mean, the first, you know, computers, thousands of them. People don't realize government, it's just wasteful. You know, Jimmy Carter thought he was going to do a, you know, every agency each year had to go and say, okay, fine, this is what we want to spend. He put it on all, on automatic pilot. So you don't have to do that. You automatically get what you spent last year. If you need more, you got to tell us why. So that has led to nothing but huge deficits. Because they just waste money. And then,

It was getting because the reason they manipulate CPI is because their budgets are automatically indexed to CPI. So CPI going into 1980, going up to 20%, they automatically got 20% more to spend. They didn't need it. So then they waste that, so they keep that coming from next year. So then they finally figured that out. And then so what do they do? Instead of changing the law, they manipulate the CPI. You know, back then, real estate was in the CPI.

They took that app, replaced it with rents. When that was going up too much, they replaced it with rents that are controlled, like in places like New York. So they don't go up. it's they have finagled everything from sunday i mean it's just and just goes on and on and on you've been okay anytime there's a lot of uncertainty with different governments you've been brought in correct that's that's so here in alberta i'm curious your thoughts because you have in the last most certainly this year has been on steroids, but you know, one of the things that I think a lot of people have been noticing is

the rhetoric picking up, right? Treasonous has been a word thrown out a lot. And there is a movement on this, uh, uh, independence petition, Martin. And then there's a movement to counteract that, right, to, to label these people as traders to the country and, and on and on. What can Albertans expect here in the next year when assuming this petition reaches the amount of signatures it's required to get to? You know, in Alberta itself, you know, you look anywhere and you always, you know, you're trying to get peace for the United States. And there's people inside that government that hate you for that. well if you're in alberta and you want something that you believe is good for albertans independence there is going to be a counter faction that says that's a terrible idea and they're going to do

things and say things that uh put um you know words and labels and who knows what else and that's just alberta then i then i go a little bit further and i think of ottawa but maybe even internationally of the importance of what Alberta represents and all the resources and the people that live here and the area itself. And I go, what can Albertans expect? Your thoughts on that? Eventually, Alberta will split. I mean, so will Europe and eventually even the United States will break up. What you have to understand is this. That When the Federal Reserve was initially created, they looked at what J.P. Morgan did to save the banks in 1907 panic. And they realized that there was the 1906 San Francisco earthquake.

So what would happen is that the insurance companies are in the east. East Coast. And the money would flow to the West Coast. So there would be a shortage of cash on the East Coast. And you would have banks failing. All right. So when the Fed was originally designed, as I said at your conference, it was brilliant. All right. Why? Because you got all these branches, why will we need branches? Because each branch was independent. They understood it was a regional economy. Like Alberta is different than, you know, you know, New Finland. Simple as that. Your economy is different, what you're based on, et cetera. Even in the American Civil War, The South was more agrarian, the North was more industrial.

All right. One size does not fit all. So you can look at a newspaper from the 1920s and we'll list all the different branches of the Fed, and they all had different interest rates. If there was a shortage of cash because the farmers needed more cash to grow, they would raise the interest rates to four, everybody's at three. So the money would gravitate there to get the extra kick.

All right. It was Roosevelt with a great depression in trying to push, you know, light version of communism, basically. And just as the EU forced everybody with, you know, negative interest rates, He usurped all the power of the Fed, put in a Fed chairman, and dictated one size fits all. Okay? He's just trying to push socialism through. Now, the whole problem with that, Canada followed suit. Go back to the 80s.

There's real estate booming in Toronto. So the Bank of Canada was raising interest rates to fight real estate speculation in Toronto. Meanwhile, you're putting farmers and miners into bankruptcy in Alberta. In the states, we would always call it the Texas New York arbitrage. When Texas was booming, inflation was up, New York was down. when commodities declined, New York was booming. All right. So the problem Canada faces, as does the United States, most of them, okay, is that centralized government does not work.

All right, this is why Europe, you're seeing the stress. People are starting to complain. even Mertz came out from Germany, your policies on migration, you know, urban and Hungary. You will do what we tell you to do. No, we will not. You know, it's,

I've been on the phone with Romania. They were given orders from Brussels. You will take another 100,000, you know, migrants. They don't give a shit if they can. have any skills, they can't speak the language, they're just there for the dole. That's it. You get these centralized powers, all right, and it's whatever they think. That's what breaks things apart. Look at Russia. Lenin was actually trying to copy the United States, although communism, fine, but that each republic would receive.

retained its sovereignty. Okay. And so that's why I was called the Soviet Union, like the United States, altogether. All right. He even wrote a letter, you can look up. He said, do not let Stalin secede me. In Russia, they assume it's widely believed that Stalin poisoned him, all right, to seize power. What did Stalin do? Independent republics? No way. I am in control. He usurped all the power, just like Roosevelt.

Okay? Everything into Moscow. He decides everything. All right. And that ends up why communism didn't work. You know, that's the whole problem. Coming, or sticking on Alberta for a sec, Martin, I had Colonel, Lieutenant Colonel David Redman on earlier this week here from Canada. He lives in Alberta.

He was talking about violence coming with if there was a push for independence or if it were to succeed, there would be a real opportunity for violence. And I had thrown it out to Substac paid members if they had questions for you because you come on so often, you know, if they'd like to expand. And one of the questions from Kevin was, your computer model shows Canada potentially breaking up by 2030. Does it indicate whether that breakup would be peaceful or involved violence? I don't know. Does Socrates tell you things like that? Like, can it point to things like that? You know, or is there other places in the world you can point to where it's been peaceful or what has happened with a peaceful transition versus a violent transition? No, I mean, Socrates, we have two separate models. One is international war, and the other one is civil unrest.

And that's, you know, you can look what I've said, you know, this period that we're going into is going to be worse than many times in history. Why? Because both of those models are coinciding with the same thing. That's kind of what 2032 is about. So the civil unrest side is people realizing that government doesn't work under this form of a republic. All right. It's oppression. You know, and you will do as I say. And that's not the way it works.

All right. A government survives basically on the confidence of. of the people. Once that is lost, no government in history has ever been able to stand. Simple as that. French Revolution, American Revolution, just go down a list. Alberta will split. I think I gave, you know, Brett, basically the formula to make Alberta, I mean, they'll get pissed off because Alberta would show you. try more than anything in Canada. But, you know, look, the answer to even world peace is economics.

You know, the greatest lesson is the Roman Empire. It lasted for a thousand years. Why didn't people revolt to get out? Because it was more beneficial to be in. You wanted out? You couldn't sell. If you made visas in France, you couldn't sell them to somebody in Syria anymore. All right. If everybody's connected economically, you know, that is what creates world peace. Putting the sanctions on Russia, absolutely the opposite. You want peace with Russia? No problem.

you know, eliminate all the sanctions. You know, Russia's not interested in going in to NATO, and they're not even interested in taking all of Ukraine. They were interested in protecting the Russians and the Dumbos, period. Okay, the brief that I wrote, I said, fine, you want me to do this. All you had to do was honored. the Mints Agreement. When Zelensky came to power,

Trump, I mean, Putin even said to him, it's very important. Honor what you wrote. It would never have been a war. So where are we at now? You have Trump saying, you won't guarantee, Zelensky, give up the Dumbos.

That's the Mince Agreement. How many millions of people have done? died because what? Because it's a centralized power. NATO has no validity anymore. It should have been disbanded when the Warsaw Pact fell. All right. This is the problem with any kind of a centralized power.

NATO, if we had peace, with Russia, then why you need NATO. All right. I saw the internal memo just when money was going to climate change. They were freaking out. Oh, how do we remain relevant to keep their pensions, to keep their salaries flowing? Oh, Russia wants to invade Europe. Without that, they don't have a job.

What do you think of Trump's Board of Peace then? It's the problem with governments and why Canada will break up is simple. You have, Carney is a globalist. Okay, so they get on their high horse about climate change and all that's other nonsense. You know, we should all go to church and thank God for global warming because if There wasn't global warming. I'm sure we would have a 20-foot, you know, ice, you know, basically frozen all the way into, you know, to Florida, you know. But look, climate has always changed. This is all nonsense. Here in Florida, we had a politician, you know, there's a red tide of bacteria that comes, that shows up in the Gulf every now and then. vote for me. It's all farmers with their chemicals. I'll make sure we shut them down, blah, and I'll eliminate red tide.

I just simply Googled it. What was the first red tide? 1642 reported by the Spanish. I think that was before chemicals or farmers. You know, but they always got to come up with, it's, blame somebody else. you know, I'm sorry, you know, there is such a thing as nature, you know, you can't sue God. So I guess, you know, you got to sue somebody else. I don't know what it is. But Canada will break up because basically this idea of a centralized government does not work. All right. It only works when you're there to do limited function.

You represent everybody in international issues. Okay. You don't say, well, you're going to do what I'm telling you to do because I think that's better. That's not freedom. It's not democracy. It's authoritarianism. One of the things that I've been watching curiously has been the price of silver, price of gold.

And, you know, it was a rocket ship. and then it had a drop and now it's going back up. I think if I remember correctly, Martin, you told me it doesn't rise with inflation. It's always to do with war and the confidence in your government, essentially. I could be splitting that just a little bit. Your thoughts on silver, gold, and what the future holds for those two here in the next, I don't know, year, let's say. Look, Dave, you know, I've said before. can look at gold going into 1980.

Went from 100 to 400 from 76th to December 79. Went from 400 in the last six weeks to January 21st, 875. Had nothing to do with inflation. That's when Russia invaded Afghanistan. All right. Gold started rising. I put it on my blog. I curiously, it coincided with the view that Europe wanted war with Russia.

The insiders knew what was coming, and they started buying. You know, it, gold is, it reached our first target of 5,000. When I put that out, and gold was 1,000 people thought I was crazy. Okay. Next target, going off to 2032, it's probably going to test 10,000. All right. It's not that gold is going up so much. It's that the confidence in government is declining.

All right. Just as you're talking about there with Alberta and, but it's everywhere. What the computer is showing when I said we're going into World War, it's not like World War I or two. It's not us against one person. It's everywhere. You got North Korea, you know, rattling the sabres with South Korea and Japan. You got Japan, you know, looking at that. And in Asia, you got China versus Taiwan.

You got even Thailand and it's Cambodia, India against Pakistan. I mean, it's everywhere, the Middle East. It's like whatever old grudge there was. It's just being resurrected. And that is driven by economics. You can look at it like the French Revolution. you have you basically have a shortage

in commodities and you have at least a slogan is debatable whether Marie Antoinette even said it you know when people let them eat cake cake is the crust

around the pan after you bake the bread all right so it's always economics you know, that's what drives it. The American Revolution, you know, no taxation without representation.

England needed money. Napoleon wars, etc. Anything that they owed America, they would pay in copper coins. But anything the colonies had to buy from, from, England had to be paid in silver or gold. They were extracting all the money from them. So, I mean, it's always, that's the bottom line. And as I said about the Fed, centralized power does not work. So you have, that's why I said on your show before, you know, it's better that Alberta goes independent rather than joining the United States.

Why? Because all you're going to do is you're going to replace, you know, the Bank of Canada with the Federal Reserve. They're going to raise interest rates and now look at Alberta any more than the Bank of Canada would. All right. So I said you need your own central bank that deals with the economic situation in Alberta. It's different than it is in Toronto or New York. It's the Texas New York arbitrage all over again. And we have to realize that there are different segments of the economy. Not everybody is, not each region is the same. And so there should not be any centralized dictatorial power.

On the Federal Reserve, they're changing the leader of that, the Federal Reserve Chair. It's going to be Kevin Morsh. What do you know about Kevin and your thoughts on that change coming here in 2026? I think he's going to end up being forced to see reality. But look, Trump is acting based upon what everybody has been taught in university. or lower interest rates and the stock market goes up, higher interest rates, the stock market goes down. You can look on my site. I published the chart of the Federal Reserve interest rates, the first term of Trump.

The Fed was raising interest rates all the way. Stock market went up. They called it to Trump rally. They didn't pay attention to the interest rates then. Look, the reality is every time you get a recession or a depression, interest rates decline, all right? As I said in England, I mean, and EU, they even went to negative, because they kept lowering interest rates and nothing happened.

All right. The reason I called my model the economic confidence model is because before the Great Depression, you read the newspapers. Interest rates went up. That's bullish. It proves there's still a demand for money. People willing to borrow. You'll pay 10% if you think you can make 20. We've done correlations. The stock markets never peak with the same interest rate twice. Because you're willing to borrow as long as you think you can make a profit. You won't pay 1% if you don't think the stock market's going to go up 1%. So the empirical level of interest rates is irrelevant.

But Trump is listening to this, you know, bullshit from they teach in university, Keynesian economics. Oh, lower the interest rates. That will increase the demand. it has never worked once. They've lost every single time. Even Paul Volker. Read his, you know, you can see the excerpts on my site.

Rediscovery of the business cycle. Google it. Even Paul says, the new form of economics, which was Keynesian, failed in 1974. But they haven't changed anything. they still teach that in university. That's why, you know, I've been asked,

going to do a conference, we're going to call it the next generation. They want me to do a conference to teach the next generation how the economy really works. So I've agreed to do that or maybe in April or May or something. but it's just it is time that we open our eyes.

I mean, everything we've been taught in school about this, it doesn't work. I said at your conference, you know, I realized that back at high school. I mean, you went to economics class and they said, oh, you know, everything's random. So we can manipulate it to create you. utopia. Then you went to physics class. Nothing's random. All right. Einstein said God doesn't play dice with the universe. And I go, well, one of you guys is lying. I mean, I can't be told that it's not random. And then you go to the other one, no, it's random because I want to manipulate it. You see, so it's got to be random. You know, and they go, this is nuts. Then I, I'm,

came across Herbert Hoover's memoirs. And I suggest you read 1931. That's when the, you know, the sovereign debt crisis collapsed. And in there, he is describing what you're going to see in the economy today. He said, capital acted like a loose cannon on the deck of a ship in the middle of like a hurricane. He said, he was shooting off in every which direction so fast that couldn't figure out, couldn't get a committee to figure out why or where was going next. All right. This is the problem with the euro.

And I've had recent conversations. When I was called in, I said, fine. This is how we create a currency. You consolidate the debt. if you want to compete with the U.S. dollar. Hermit Cole said if he allowed the German people to vote, he would have lost seven to three. You can Google that up to. He admitted that he acted like a dictator.

He didn't allow the German people to vote to join the euro. So he assumed they would be against any consolidation of the debt, because that would appear as if they were bailing out Greece, Italy, etc. So he said no consolidation. Now, as a trader, just look at what's going on. There's peripheral spreads. If you think Italy is in trouble, you short Italy, you buy Germany. All right. The euro has never been able to compete with the dollar. Why? Because I can pick up the phone, say, buy me $10 billion worth of U.S. treasuries. Or banking, system is backed only by the federal debt. Not, you know, Perkipsy or California versus, you know,

Illinois, we don't do that. Europe does. All right. Because there's no federal debt, I look at Europe, I'm still going to make the same decision as if the euro didn't exist. Do I want Germany? Maybe France. Or the Netherlands? Do I want Italy? Nothing changed. Now the problem

surfaces exactly as Hoover wrote. You had France and UK finance ministers admit that they may need IMF bailouts.

If the more The market perceives that to be true. The traders are going to start looking at the banks. Who has the most French debt? Short it. So now you're going to have that loose cannon. You're going to have a banking crisis. Then this fills over into the pension fund.

And then this is why Europe needs war. They know this. I've been in recent conversations asking me How about this question? Okay, if Italy gets into trouble, well, what do you think if we just jettison Italy? So you carve it out. There's no longer part of the euro to try and save the euro.

But you look at euro notes. They have a code on them. Each central bank prints currency in Europe. So what would happen? Are the notes issued by Italy still good? They go, hmm, didn't think about that. I've dealt with governments for so long. There is nobody, the guy could have been a dog catcher.

Miles is nice and gets elected. I don't find, particularly today, I do not see anybody worthwhile sitting down and having a drink with. I mean, I could talk. to Reagan, even Thatcher, I mean, I thought she was one of the smartest head to state I ever met.

Kept the the British pound out of the Euro. Maggie understood. I said, this is just going to be the federalization of Europe. Yeah, you're right. Okay. Then, I got called in

by one of the major European auto manufacturers in Germany. Why? Because they shorted the pound because all the newspapers said, oh, Britain's not going to be part of the euro. It's the pound's going to collapse. So they shorted all sales for a year in British pounds because they weren't joining the euro. But the pound went up. Euro went down. They lost a billion dollars. I get called in. Can you fix this? I said, why did you do this? Well, that's what the newspapers said.

I'm not kidding. The level of expertise was zero. So if I come back, you were talking about, I want to say the years were 76 to 78, and the price of gold going from 200 to 400, and then in a very short span of time it went from 400 to 800. Watching everything that's going on right now, Are we closer to that window where all of a sudden gold goes from five to 10,000?

Or are we in a different period of time where that's not happening? No, you're now going to consolidate, build a base. You got a lot of the last run up was short covering. I know I won't mention the bank, but I know one bank that lost a shitload of money shorting silver. Oh, look at the chart. It can't go up any higher. And it did. All right.

So there is a legitimate shortage of silver. China cut off exports. China was 60% of the physical market. You now have Trump talking about a 2.5 billion reserve he wants to create for silver. Okay. On the horizon, we have a sovereign debt. crisis. You're looking at the breakup of governments. Plus, you have war. There isn't any thing that implies stability over the next eight years. Everything is uncertain. All right.

you're going to basically consolidate and then take off again. I believe once they begin to see that Middle East as well as Europe, probably the two most important war zones, and China versus Taiwan. I mean, there's a lot of other conflicts around. But I think once people see that, you're going to see the metals even go up further. And I would expect gold to go up, you know, once it gets, you know, really making new highs again.

Eventually, you'll see it up around 10,000 by 2030 to 32. silver I would expect to get to at least 175 if not at least a 200 level. But this is, we're talking about real shortages and a lot of commodities that were set in motion with COVID. Like I said, I knew one farmer he had to kill 30,000 chickens because he couldn't get trucks to bring in food and he couldn't send them to market because all the trucks were shut down. And then you get politicians blaming the farmer for greed

with the price of eggs. You know, it's, well, you're the ones that shut everybody down. I used to go to New York to a very, you know, a famous Italian restaurant that was in the theater district. Again, brilliant political strategy. They shut everybody down. But they still had to pay rent. They didn't say, oh, well, you can't charge them rent while they can't do business.

They weren't bankrupt. We're there for decades. All of a sudden owed millions of dollars in rent, but not allowed to take in any money. Oh, gee, I didn't think about that. We have idiots in government. I was on a train in Germany. Okay, oh, we're pulling into Berlin. You got to put your mask on.

Got to put the mask on. Train stops in Berlin. We then leave Berlin. Okay, you can take your mask off now. Thank you. I mean, because of some idiot who's the mayor of Berlin. Oh, everybody's got to have a mask. I'm just, I'm fed up.

I've been dealing with governments for 50 years. This is the worst I've ever seen in my entire life. And like I said, there isn't anybody I'd want to have a drink with or even shake hands. I mean, it's, it's, it's stormer. He'd probably throw me in jail for something I said 10 years ago. I mean, they're all just, you know, I, I, I see. speak to people in the French government. They call Macron the Petit Napoleon.

There were three generals that objected to him and wanted basically that any decision to go to war had to come from the people, you know, from the parliament, not from Macron. What did he do? He stripped him with the rank. I mean, it's the people we have in government. around the world are just psychopaths, in my opinion. They don't give two shits about the people. They don't even care about the country. And it's all about power. And yes, we got to band together and do, you know, really? Yeah.

Well, you're not going to get any disagreements here, Martin. I just stick on silver and gold, though. You're like, you know, if you're sitting here, and you're watching the market do what it does, right? I was following, like, holy man, like, this is, this is wild thing to watch. And then it had the big drop. And everybody started to panic and then you start to see it tipped back up. And maybe everybody's not panicking now.

And you just go, if you reframe your mind to just not look at it day by day, look at it over the next five years, five to six years, I guess, or I guess four to six years, 2030 to 2032, you're like, it's going up. You just have to wait the time because everything that's going on seems like it's, for lack of a better term, Martin, a perfect storm for it to go up. Yeah, look, we got sovereign defaults on the horizon. You got war on the horizon. I mean, these are the reasons you buy gold.

It's not inflation. I know a lot of gold bugs didn't like me because I said that's all bullshit. Gold went down from 1980 for 19 years, bottomed in 1999 at 253, I think it was. All right. National debt went up, money supply went up, you know, all this bullshit. Oh, Fiat. Really? you know, every currency is Fiat.

It doesn't matter. It can be gold and still Fiat. All right. When they were talking about it, you probably heard, oh, let's just take a platinum coin and call it a trillion dollars. That's Fiat. Okay? And then we can pay off the national debt with five platinum coins.

Really? I mean, it's always the same bullshit. You know, it, You had the silver Democrats from the 1890s overvaluing silver to deliberately create inflation. Why? Because the farmers were in debt. You had the long depression. So let's inflate the currency.

So we're taking the debt that you owe and we're making it now payable with cheaper dollars. The city of Detroit went into default in 1937. They say, oh, no municipality ever really defaulted. Yeah, they finally paid. 1963, with dollars that bought five cents, what they did in 1937. You know, look, it's politicians, governments, they will always act in their own self-enture. You know, when I was young, I met with the Treasury in 1980 when interest rates were going up, going into 81.

I said, guys, these rates, the national debt's going to double in less than a decade. I swear to God, you know what they said to me? Yeah, more people will be paying back with cheaper dollars. I said, so you guys know what you're doing that. Okay. I was young, naive. I thought I could make a difference and you realize you can't. You know, it's, I can tell you what to do and you will learn from your personal mistakes. Government does not. Why? Because it keeps changing. I feel like I'm living in Groundhog Day. You know how many times I've been called in because of, they pegged a currency and a broken,

and this. Yeah, okay, fine. When I was called into the Swiss Bank, I said, look, the peg's going to break. No, we think we can hold it. I said, well, good luck. I said, history's on my side. Nobody's been able to do this even once.

It broke. A few weeks later, they called me what, Forex Forecaster of the Year for that one. I mean, I've just seen it so many times. Yeah, okay, fine. We're going to do this again. I don't feel as if I can contribute in a way because you can change the system. So that's the frustrating side from, you know, from me.

And I, you know, like, you know, Scotty wants to beam me up. I'm ready. I've had enough. I can't make a difference. I chuckle because I think you are making a difference. It's just the on the government, you know, like think about it. You've literally got a presidential letter saying, thanks for your contribution. You are making a difference, Murray.

It's just probably not as much of a difference as you want to make. Well, I can't prevent it from happening. You know what I mean? Yeah, you can see the train crash coming. And you're like, hey, just, just slow the train down. Or there's a train. We could just veer off on this track. And for whatever reason, it's going full speed ahead.

matter what. Yeah, it's like, you know, why I say about the neocons, they just want war. And they don't think about, you take Blinket, all right. He put the sanctions and removed Russia from Swift. Then the idiot, that's my belief, goes to China. if you help Russia, we'll do the same to you. Really? That creates bricks. Oh, if we don't do what this dictator says, we're removed from Swiss. Okay, we'll create our own system. Thank you. All right. They don't understand anything. Only what's in front of their damn nose. I got to destroy Russia, period. I don't care what happens to the rest of the world. I got to win. This is not a football game.

You know, it's just trying to get them to see how everything's connected is impossible. That's why the Nile Khans hate me. Oh, he's against the war. We want more. It's, you had John McCain in my Dan in 2014 in Ukraine. Overthrow your government. We're with you. Can you imagine if Putin sent somebody on the steps of the capital, overthrow your government, we're with you?

Oh, well, if we do it, it's okay. Oh, they do it. They're authoritarian dictators, evil people. How many governments we've overthrown? It's just, it's endless. You take Iran. all right this is what they don't understand

the iatoll revolution comes in 79 just as you're seeing in Alberta there's people pro and against he's got people against forming a religious government

so what's he do like any other politician brilliant oh America is a great Satan they then storm the students storm the embassy.

Take the hostages, held them for 4 and 44 days. Why? Because it's America. They're the great Satan. Now anybody that dares says domestically, they're against a religious government.

Oh, he's an American plan. Arrest them. This is how you get rid of your opposition. Well, so this brings me back to Alberta. right you you talk about all these different places I'm living in a place that is having a reference well a petition right now it's just a petition they need signatures and you can see the words changing traitor these people are traitors to their country and then you you point out all these different countries and I go Martin I'm I'm literally living in a

province that's talking about being independent and if you're America you're not you're not staring at that lightly. You're going, is this a possibility? I mean, they're trying to draw in the fact that the United States is funding it and all these different things. It's being foreign funded. They're having all like they're just, they're running a crazy amount of articles, crazy amount of talking points. You're having premieres call us traders. And I go, I don't, I don't even know how to phrase the question because I'm just like, I listen to you on like, let's bring it back to Alberta. Let's bring it back to what the people of Alberta are, to experience here because this isn't some island in the middle of the pacific that has no importance it's

alberta it's got what the third largest oil reserves on the planet among other things not to mention you know uh the influence of a bunch of different countries in canada and what they want to see happen and not that i mean isn't alberta the maybe i'm wrong on this we've talked about uh russia you Ukraine a lot, Middle East, and the conflicts going on there and how important they are. But I go, isn't what's happening in Alberta a really important thing that the world is paying attention to? Yeah, look, I think Alberta can be the beacon of light to the world in that the problem is this centralized government. And that's why I say you don't want to join the United States, because then you're just going to replace the Bank of Canada with the Federal Reserve.

You need independence. Your own currency, do not adopt the U.S. dollar. All right. You can back it by gold, but not at a specific price. All right. But you have everything going for you. that the globalists do not like. I mean, Bill Gates out there, don't, you know, fake red meat.

Oh, so you don't want cattle. Oh, they, they fart and hurt the environment. All right. Well, so do you, you know. Stick a cork in your ass. I mean, it's, I mean, I'm just sick and tired of all this nonsense. That might be the best quote. had on the podcast, Martin. Bill Gates, why don't we stick a cork in your ass? Yes.

It's just ridiculous, all this stuff. I'm sick of it. It's, um, show me any documented evidence. And there is none. You know, the climate has always been going, you know, up and down, back and forth. I mean, they never heard of an ice age in school. Come on. How did that even happen if there was no, you know, SUV driving the mom driving the kids to work. You know, it's ridiculous. And look, unfortunately, when you got somebody like Carney, who is a globalist, I mean, he was just because he was the head of his central bank, doesn't mean he understands the economy. He clearly does not. He was. He was a He's just following Keynes in economics.

That's it. Oh, what did he do? He raised rates? I guess I gotta do the same. That's it. All right. It was even talking about issuing debt in U.S. dollars. I mean, look, they do not know how to run an economy.

I mean, they just don't. And they interfere in assuming, and it's all started with Karl Marx. government has the power to change human nature. That didn't work out very well for Russia or for China. And the reason they are rising is because they've learned a lesson. The West is not yet. Why will it collapse? It's because we're still using Marxism.

You know, just look at Gavin Newsom in California. Oh, we're going to tax all these billionaires, five percent, but only one time. The idiots, they don't even understand. It's not cash. Bezos or whatever, they got stock. Okay, you've got to sell 5%. Okay, so now by law, I got to dump Amazon stock. Then the stock market goes down, pension funds go down.

Oh, gee, I didn't think about that. You know, people are leaving. You know, in the panic of 1893, you can look up, I think one of the best speeches of a head of state was Grover Cleveland. And he said that unsound finance, okay, capital can leave and protect itself. the average worker cannot take his labor and put it offshore. He suffers the perils of unsound finance. Capital flees. And that's what Gavin Newsom is finally waking up to.

Oh, all these billionaires are leaving, saying, well, maybe the 5% thing isn't a good idea. Man Dammit, destroying New York City. You know, I've joked plenty of times. The only reason I'd ever run for president so I could use New York as a nuclear test site. That's it. But it's, it's, well, here's

legal system around. Here in Canada, there's tons of people leaving. Full stop. Getting out. They're done with it. They've moved on. And there's a lot of people that are hopeful what Alberta's doing

can work. You know? If Alberta separates, okay, I've said one, no personal income tax. That's a Marxist bullshit thing anyhow. Maximum corporate tax, 10%. All right. I testify before the House Ways and Means Committee on this stuff. All right.

So the reason they were asking me why no American company got a single contract to build the Yellow River Dam in China. I say very simple. We tax worldwide income. Germany does not. Germany got every contract. Why? Because they're already 35% cheaper than any American company can be. And they're just sitting looking at me in their mouths open. Oh, really? Yes. Did they change the laws? No. I was going to say on the on the on the on the on the income tax. I had some feedback after the last time you said that and I remember having another guest on talk about that it should be five percent because everybody needs to contribute to society. Your thought on why they should be none and not worry about or I don't know your thoughts on everybody needs to contribute something. instead of just getting a free ride, if you would, Martin. You're not getting a free ride.

You're using your consumption tax, all right? That argument, I guess I can say it now. I mean, I warn Maggie Thatcher that was not a good idea. She had that idea of a poll tax, the same bullshit. If everybody contributes, then they'll pay attention to what Congress or what parliament is doing. as it is not going to go over very well. I'm telling you, all right. That's why, you know, the poll tax,

she became very hated for that. The theory was the same. Oh, everybody's contributing, so they're going to pay attention. You do it on a consumption tax. If I put in, okay, I'm going to put in, as they did in 1913, they put in the income tax,

swore up and down was only going to be for the rich. How do I know you're not rich? Now you've got to file a paper to say you're not rich. The crime on income tax, all right, is not, they can't put me in jail if I don't pay the tax. They put me in jail if I don't tell them I owe the tax. All right, you can't put someone in for not having the money to pay. that's debtor's prison outlawed they put you in prison as al capone for not filing the income tax form so you want to put up this

bullshit fine sounds nice oh only a billionaire is going to pay where's your file oh you didn't give it so martin says so martin says no income tax 10% locked in corporate tax and have a consumption tax. Everything you buy has a tax on it. Yeah. I mean, look, even real estate. I debated Steve Forbes, all right, and the governor of New Jersey, Florio, who happened to have been, you know, if it moved, taxed it, and if it died, take the rest. We debated. Steve was for the flat tax. I was debating consumption tax. All right. And of course, Florio was for tax everything around. All right. I blew hit Florio out of the water. He even wanted to meet me afterwards. Why? I said, you know,

You are borrowing from the poor, and you don't even have the dignity that gives them interest. I see, you take their money, hand back a refund check. Am I not a great guy? I stole $20 out of your pocket. I'm giving you your $20 back. All right? And then you don't pay them interest. But if I don't pay enough, I get charged 20% penalty and interest.

you're borrowing from the poor and you don't even paying interest. Blew them right out of the water. Good old Democrat. All right. Steve, well-intentioned, but the problem is with a flat tax, you can move money offshore, this, that, the other thing. Consumption tax.

You can't take a lawyer. You're going to go buy a car. It can't take a lawyer with you to get out. the tax. All right. It's fairer. Why does it work? It's less intrusive. That's what the original founding fathers said. No direct taxation. As soon as it's direct, I got to know everything you're doing. Oh, you found a hundred-dollar bill in the parking lot? Where's my 50%? You are subservient to the state. You're an economic slave. I got to know everything you do, even now what's getting to the point.

I can know who the hell you're talking to. You want freedom, no income tax, consumption tax. And you can look on my site. I did the whole brief on that back then. Tax reform. All right. Lade it all out. When they started this stuff, they changed the definition of who is the rich.

All right, it used to be $5 million in World War II. And then you were rich. Then it came down to $2.50. Then what did they do? Oh, now it's not just an individual. It's household income. So you and your wife combined are now rich. You got a couple kids and they're still living at home.

Oh, now all for you. Oh, you're all right. rich because combined you're now in that bracket. They got rules for everything. Get rid of the rules. Economic slave, period. You want freedom. Do what I told you to do.

One other question for you before I let you out of here, Martin. You wrote the computer says, or our computer says, the Democratic Party will split. That's a new one that I hadn't heard from you. I don't know if you've ever talked about that. The computer's predicting the Democratic Party is going. to split. Yeah, I look, I said that at the 2025 conference we had. Everybody was kind of shocked, but you see it splitting already. It's, you got, you know, people yelling at the extreme left and right. This is not without precedent. Okay. I see the same thing as

the federalist party. You know, Washington was a federalist, et cetera. By the 1820s, nobody wanted to go support them because they were doing the same thing that the Democrats are doing. Centralized government, and they're going to dictate everything.

Got kicked the hell out. The party of Jefferson, who was their opponent, at that point in time, was called the Democratic Republican Party. That split. Andrew Jackson. Split it.

And it became the Democrats versus the Republicans. Political parties split all the time. So the Democratic Party, you're seeing it already. You're seeing, you know, guys that I know in a Democratic Party as advisors are coming out and saying the far left, you know, you're, you're, you're, you're, you're, you're, you're, you're, you're, you're, you're, you're, you're, you're, you're. dragging us all down. You have others that I want to have a conversation with. You want to know what the computer was saying because he felt that if the Democrats are championing the illegal aliens, they're going to lose big time. But look, this is part of the signs of going into the 2032. All right. Politicians no longer give a shit about the country. All right. If Trump says

the sky is blue, the other side must say it's red. Nobody cares. So, oh, Trump's after the illegal aliens. We have to support them. So let me see. You support giving these people no taxation. complete free health care, which you won't even give to an American. Where is this logical? The politics has, and in Europe you're seeing the same thing. It's like whatever he says, I must oppose it. You had Biden selling all the material that Trump, had bought for the wall. Sell it off his scrap. So if he comes in, he's got to buy it again.

You know, here in Florida, there's a military base in Tampa. That's the base that oversees the Middle East. Trump's first term, he told him to set up a committee to figure out how to get out of Afghanistan. Then he left office. Biden comes in. The guys here. This is not conspiracy theory.

This is real bullshit from Florida. Biden comes in. Oh, Trump hired them, fire them all. Just get out of Afghanistan. That's why it was a mess. Trump hired people to say, figure out how to get out. Oh, because Trump did that, we have to say no. Throw them out and just get out.

Complete mess. This is politics anymore. Nobody gives this shit about the country. Is this good for the country? Yes or no. Oh, he said it, so I have to oppose. That's basically the rule of law is pretty much the last thing that goes. And you're seeing that collapsing everywhere.

once that goes, all right, there's really nothing left. Without the rule of law, you can't invest anywhere. You buy a house? How do I know some judge is going to honor the deed? Well, you're seeing that in Canada right now. Exactly. you know as an international hedge fund manager the first question is country risk i would never put any client's money whatsoever in iran why they nationalized all the oil wells before

Nigeria did the same thing all right when you when you're an international investor Martin, and you're looking at Alberta. There's been a lot of talk about investments fleeing out of Alberta. If Alberta was to get independence, 0% tax, 10% hard corporate tax, we're going to hold it there, the rule of law, what would happen to Alberta, in your opinion? I'll open an office. You would have the biggest influx. Canada would probably be pissed off at you because people would be looking to move.

Why do most companies have their headquarters in Hong Kong? You can call up my testimony before the House Ways and Means Committee. Ask me, why is this the case? Because they had a maximum corporate tax rate of 15%. So, a company must pay some taxes. If it doesn't pay a corporate tax, then it's taxed in its home country to whatever that rate is. So they all set up basically their headquarters. Hong Kong, 15%.

It might be three guys and two secretaries or whatever. That's it. That's the headquarters. And everybody else is doing whatever they want to do around the world anyhow. But they're there for legal purpose. You know, I put companies in Macedonia. Why? Because I got a 25-year guarantee not to raise corporate taxes.

All right, a company can't come in. If you want them to build a plant to create jobs, okay, fine, tax rate is 5%. All right, that makes sense. I'll put up $2 billion, build this plan. Oh, I need more money. my mistress needs some money. My kids want to go to college.

So I'm going to raise it to 25%. Now, of a sudden, it's not viable anymore. You know, I was called in. I was in London. This true story. Eventually put in,

I do my memoirs, I guess, but I was in London, I got a phone call. Probably one of the top three communication companies in Germany. We're having a, board meeting tomorrow morning, we need you here right away. I said, what's up? You'll find out when you

get there. I get there. They point our firm advisor to the pension fund and everybody's resigning. I said, what the hell is this? A Harry Carey meeting or what? The company applied to reduce its workforce by 20%. The German government says, okay, at the last minute, the government says, oh, it's not fair that you pick and choose. You have to make the same offer to everybody to voluntarily give up their jobs. I haven't discussed this with a board member of the IMF. And they told me, you're right, the same thing happened in Greece. Okay? And, and You make an offer. Here's 100,000 if you voluntarily give up your job.

You now know you can get a job across the street. Thank you. I'll take the $100,000. I walk across the street. The people they wanted to get rid of, couldn't find a job anyplace else, so they stayed. The chairman of the company says, I have to resign because this company is going to have to have.

serious economic problems. And if I am on the board, I'll never get a job again. So he, too, took the hundred grand and left. It's, look, human nature is human nature. You can't screw with it, with this Marxist nonsense. I mean, just think of it. Somebody's going to say, I'll give you 100 grand. And you know you can get a job across the street. You'd be a fool not to take it. But, you know, these people in government, they make up these ideas and rules, they have no concept of what they're dealing with. Take Obamacare. I had Blue Cross and Blue Shield.

They call me, oh, we have to cancel your policy. I said, why? You don't have maternity leave. Well, I don't think I'm going to get pregnant. And I'm not married at the time. All right. We still have to cancel it because some 23-year-old kid writing Obamacare, every policy has got to have this.

All right. I get some new policy. I go to the dentist. I have no idea what the hell I'm covered for anymore. I give them my card. You know, oh, your children are covered, but you're not covered. Oh, thank you very much. I mean, it's because some 23-year-old kid in Washington,

oh, yes, every woman should be covered, should have attorney leave, this, what if you're not, you know, you're a man and you're not married? It got to the point and felt like, you know, we should just walk into the bar. Hey, girls, line up. You'll all be covered. No problem. Not me, but everybody else will. I mean, it just got nuts.

And that's why Obamacare was so, such a disaster. It wasn't just me. I spoke to other friends. Same problem. Martin, it's always a treat to have you on the podcast. I'm looking forward to seeing you again here at the end of March when the Cornerstone Forum returns. Just turn to me, you go, please. Well, I tell you what, we're not in the rink this time.

We're in a different, we're in, uh, at the West and Calgary Airport. So it's, it's a nice two minute shuttle ride. to the hotel. I assume they'll have the heat up in that building. But to anyone who doesn't have tickets, I just put it up this morning. I think we're at 94 tickets left. So like,

I don't know if you're waiting, you're procrastinating, but you want to see Martin among a whole bunch of others, right? Premier Daniel Smith is going to be speaking in the lunch hour, right around the lunch hour. And, you know,

once again, Tom and Alex and a whole group of people going to be coming in and descending on Calgary. Looking forward to seeing you in person again. It was a real treat to finally meet you last year and looking forward to it this year. And appreciate you hopping on and being a part of the show. Well, thank you for inviting me. I always have a warm place in my heart for Alberta. I wanted to show the light to the world. Sounds good, Martin. Well, we'll be looking forward to you being on stage in Alberta here soon enough.