Wars are created by the elite, not by the average person, and that's why they call it there's a psychological ploy and they call it, you know, rally around the flag.

So I also warned them about is that in order to get people to sign up for the military, you have to pretend you're attacked.

This is why FDR allowed Pearl Harbor.

He tried getting us into World War 2 several times.

Congress would not issue a declaration of war.

Basically they think that it within this one world government that these Cabal's do want to create.

They will visit the Department of Defense and run the world.

NATO is very dangerous.

They create the wars.

So I say it's not the average person.

Welcome to Discourse with Christian.

I'm your host, Christian White.

And today is, of course, a returning guest, Martin Armstrong, founder of Armstrong Economics.

Martin, how you been?

Thanks so much for your time today.

Pretty good.

Just, you know, watching the world go left, right, going upside down, you know?

Same here, same here.

I, I don't know what you've been up to outside of work and such.

I've been reading a bit about the Eastern Front, which I felt, you know, I think I shared with you offline, which I think is a, is a period no one really talks about.

But I think it's, it's so interesting as it relates to, you know, today in in a sense that you know, the some of the characters behind the scenes and such.

And of course there's there's a conflict again over there today.

So that's something that I've been doing doing outside of the the show and such.

But anyhow, I figured we'd we'd start with your your latest thoughts around the world.

Well, it's, I think most of it from a European perspective is really being driven by the economics.

That's the real backdrop behind this and why I think Europe keeps pushing for war.

They're talking about, you know, drafting and all kinds of stuff like that.

I mean, I, I published a report on a peace plan for Russia.

I was surprised I was called in and I was asked to write a piece play.

Apparently I didn't have one.

But I'm also on the opposite side of the table of the neocons, so I think that was part of the reason.

Plus they know I've got all the back channels on which and, and both directions.

So, and I was specifically asked to to use my back channels and I asked if this was sanctioned or is this something on the side what's going on here?

And I was told that no, it was sanctioned and I was approved to be called in.

And so I was asked to, to write a plan what I thought Putin would accept.

So I, I went through the whole 9 yards.

I said, you know, your enemy is really Europe, not Russia.

And another reason I think I get called in by different governments is I understand, I've worked with so many of them over the years that I caught wordsmithing.

And you know, back when Soros was attacking the pound because I had advised Maggie Thatcher to keep the pound out of the euro.

And then John, they staged A coup to get rid of her.

And then they tried to to take the pound into the euro and 1st went into this ERM, and politicians, you know, they John Major overvalued the pound to look strong, you know, and so Soros was attacking it and others were as well.

And so I got called in.

I think that didn't have a choice because I'm the one that was telling Satcher you stay out, you know, and I said, look, you, you got to devalue the pound.

It's way overvalued.

And I was told that John Major ran for election and promised not to devalue the pound.

So we can't do that.

So solution was basically, I wrote a paragraph, I said here, have him basically just say that he's going to allow the pound, the float to seek its own level.

Oh, brilliant.

It's the same thing.

It's just that you're not saying I'm devaluing it.

Oh, the market.

Did you know this is what I call wordsmithing?

You know, you're achieving the same goal, but you just have to switch the words around as a politician is never going to admit a mistake.

All right?

Like with all this stuff going on with COVID, you know, they still won't come out and say, sorry, we were wrong.

They won't do that.

Oh, they're no longer required.

They don't do that sort of thing.

But they're not going to come out and say, Gee, we were wrong.

We were bamboozled by the vaccine companies and they weren't effective.

And they didn't really prevent you from getting COVID.

We're spreading it.

So I mean, that's where all the analysis ended up showing.

But you're not going to come out and admit that.

So this is the same thing.

When Trump was negotiating directly with Putin, you had Kalis, who's the number two there in the EU, and she came out and said, whatever they do, whatever Trump agrees with Putin, we're not going to honor it because we're not at the table.

So basically what I've laid out was that we say, OK, fine, look, you'll need to seize the table.

You already signed a Mint's agreement.

Honor it, allow the Donbass to vote and you know, people just focus on the fake news.

In reality, when Czechoslovakia broke up and when Czech Republic, Slovakia, Yugoslavia broke up, how?

According to ethnic lines the dumb boss are all Russians, Crimea or Russian?

15% of the population are Tartars from the old Mongol

invasion at 12:40.

They're not Ukrainian people.

They don't, you know they don't.

And Ukraine is the motherland of ethnic cleansing.

They killed more Polish, Hungarians, Jews and and Russians and that's why the CIA protected them because they were anti Russian and no Ukrainian Nazi was ever put on trial.

Bandera who was started the whole ethnic cleansing stuff, USSR wanted to extradite him and the CIA protector all the Germans were put out on trial.

Fine, you know, that was the show.

But they didn't do anything with any, you know, with any of the Ukrainians.

And so we had employees there in Kiev and in Dundas.

Yeah, wouldn't even talk to each other.

And the propaganda, I mean, they're raised saying, oh, Russians that caused the 7 million people to die from starvation and all this.

And as you know, that's not exactly true.

First of all, Stalin was from Georgia, not a Russian.

Lenin even wrote a letter saying do not let Stalin succeed me.

And in Russia the the they believe that Stalin even poisoned Lenin to seize power.

Then Kaganovic who was his right hand man is the one that was in charge of stealing all the food from Ukraine.

He was Ukrainian, born in Kiev.

It was Jewish.

Most serious scholars believed that he told Stalin to take the food from Ukraine as retribution for killing all the Jews.

So I mean, they run around hating Russians when there wasn't actually a Russian involved.

But, you know, you got to pick up the rug and look at the dirt that's underneath it, you know?

And no matter what you look at, you always find that like, they created Homeland Security and said, oh, some agencies had the information and didn't share it.

It's the first Trade Center people they were imprisoned and drew the two towers on the wall and their cell with planes going into it.

They knew.

So you always get this no matter what you're talking about you you had, you know FDR and Senate investigations after World War 2 that he knew about Pearl Harbor and let it happen.

So he get into war US had broken all the the codes of the Japanese and I put even on our site there were leaks and about two days before the front page of the Honolulu Tribune said we're going to be attacked on the weekend.

So I mean, and if you know, and FDR pulled out all the carriers from there.

I mean, it's, I don't know what, it doesn't matter what government you have, they will always allow people to die for political reason.

And so when I was called in to this meeting and I was shown, you know, Russia turned over, the KGB file was about that thick.

And it showed that the CIA, basically, they had all the documents in there, the CIA really killed JFK.

And everybody really knew that.

I had heard about that a long time ago.

And so I was told, do you realize what we're asking you to do is what they killed JFK for?

I said, yes, I know.

But I think what also they dragged me in for is that history to these people seem to be just maybe the last two weeks, that's about it.

And I scared them.

I said, you know, your policies are completely nuts, putting sanctions on Russia, you know, all right, the EU were into their 19th sanctions.

That means the 1st 18 didn't work right?

We put sanctions on Cuba to get rid of Castro in 1960.

They're still there.

Didn't work.

We put sanctions on Iran to get rid of the Ayatollah 1979, he's still there.

There isn't 1 instance of sanctions ever working, but the theory is from these neocons will punish the people, they'll rise up, overthrow their government, then we'll get a ticker tape parade thanking us.

You know, it's just delusional, you know?

Please show me one time where where your theory has ever worked.

All it does is build an Iron Curtain.

And then in in 85, I have been called in by the Reagan administration when they were doing the the G5 stuff, creating that.

So I was down there and I knew what actually happened.

When Gorbachev came to power, Reagan wanted to go meet him.

And So what happened was the neocons were beside themselves and they didn't want him to go.

Oh, it couldn't call him a communist anymore.

So they said, oh, you can never trust a Russian.

And Reagan didn't listen to him.

They went, I'm telling you, they practically pulled a coup against Reagan.

Most people don't know this.

They went to Congress to overrule them.

They did everything in their power to prevent him from going to meet with Gorbachev.

And so I explained to them that look, when Khrushchev had to back down out of the Cuban missile crisis, that was also a loss of faith.

What happened?

There was a coup in Russia, Brezhnev comes into power, we get the hard line, Cold War.

Then when Gorbachev comes to power, I published in my book The Plot That Sees Russia.

I got a hold of declassified documents from the Clinton administration.

Right in the beginning of the book, I put the Clinton document.

It shows Russia was invited to join NATO and they're neocons, then staged A coup against Gorbachev.

That's when Yeltsin had to stand on the tank and talk to people, not don't shoot your own fellow Russians, etcetera.

So they're no different than what our CIA.

They killed JFK to prevent peace.

They took out Gorbachev to prevent peace.

So you got neo cons on both sides and you got have been trying it to, you know, these people just I don't know, they grew up hating the other side.

So I don't see them coming over and embracing them.

Oh, Kumbaya or something, you know, just not going to happen.

Same thing in the Middle East.

You got, you know, these really zealot Hamas.

They've been taught from a little kid hate Jews.

Same thing with, you know, Iranians.

The best you can get is a ceasefire.

You really think you're going to convince Iran that Israel is going to be your friend and come, you know, and we'll have dinner together.

You can come to my synagogue.

Not going to happen.

You know, it's their God against your God.

You know, that's there.

There's certain things that are just ingrained and we got to get this idea that we can get some sort of a lasting peace deal out of there.

And even at when Szalinski met with Trump the last time, he even came out and said Szalinski just absolutely hates Putin.

He has no business even negotiating for the for the Ukrainian people.

I speak to Ukraine, Korean military, other people and they all basically say the same thing.

His polls are down to 23% and if he was on fire they wouldn't urinate on him until he was dead.

I don't see how he would ever be able to even retire in Ukraine.

They'll kill him.

You know he's kidnapped people sent them to the front lines.

I mean, there's videos out of he even sent people with with Down syndrome without even a gun and say get get a gun from somebody that falls on the battlefield.

Really.

I mean, you have no, he doesn't care.

The Washington Post found out that he knew when Russia was going to cross the border and he didn't tell anybody.

US and satellites, everybody knew.

And he did an interview with the Washington press and you can Google it up.

They said, why didn't you tell your people when you knew?

He responded, Well, if I told them, it would have cost me $7 billion.

They don't care about people.

The more civilians that die, the better.

Oh, we got to get them.

They're evil.

And see how many people they killed.

Do you?

If you really cared, you'd seek peace.

You know you got Boris Johnson from the UK, is hopped on a plane to you to talk, tell Zelensky he's not allowed to sign a peace deal.

You know, that first meeting when Zelensky was at the White House that turned into like a food fight practically.

I passed on information.

I had sources in Ukraine that Boris Johnson showed up three days in advance.

That was supposed to have been a meeting for just a signing in Kiev.

And Boris Johnson told him no.

You insist that you this has to be at the White House and to go there and to embarrass Trump into keeping the money coming for the war.

This is what he said.

I passed that on.

And that's why it turned into a food fight.

I think it was Rubio who came out and said it was supposed to take place in Ukraine, and Szalinski changed it at the last minute.

It was all just for a theater.

They they thought they could embarrass Trump into keeping the money going so the war would continue.

That's what this is all about.

You know, they don't care if there's one Ukrainian left standing, you know, and even if that last person that follows is Zelensky, great, we now we don't have to pay him.

You know, I think that's this is what you're looking at.

So in this, you know, as I think part of also the reason that I was called in because I know all the facts, you know, John McCain was there in my den.

Overthrow your government, we're behind you.

Victoria Newland picked handpicked the the interim government and then there was a leak.

Her phone call got leaked and that's where she said, you know, after the EU and instructed that interim unelected government and they started to attack the dumb boss.

So they started the civil war intentionally.

Then you have Merkel, who I mean, I've dealt with politicians for close to 50 years and she actually came out after and then somebody I think was there's there's Spiegel asked her why didn't they enforce the mints agreement?

Maybe she had too much to drink that day, I don't know.

But she actually told the truth.

Well, we never intended to honor it.

We were just buying time for Ukraine to build an army.

So and then Kayla's has the guts to say we're not at the table.

You were at the table and you lied to Russia, so why should you even be there?

You know?

So that's why I said my solution and wordsmithing is to tell Europe, look, you already signed the mints agreement.

You're going to honor it, OK?

If you do not, we withdraw from NATO.

For Zielinski, who's running around telling everybody rebuilding Ukraine is going to be the biggest investment in European history and is counting as trillions of dollars, you know, on every finger.

And so I said an executive order should be issued and barring any American from investing $0.10 directly or indirectly in Ukraine, you cut that little twerp off.

You honor also Ukraine.

Sign the mints agreement.

Honor it or you're not going to get anything.

Then you would see the war stop.

Putin's not interested in conquering all of Ukraine.

Like you said, we had people there in in Ukraine.

When his tanks went right up to it from the very beginning, I was concerned.

I called the staff.

I said, look, I will send a private jet to get you out of there.

They said not necessary, you're not doing anything.

I said what?

It's just a shovel force.

He had a column of tanks all lined up outside of Kiev just to show he could if he wanted, but he didn't.

Then he withdrew them.

You can search this.

This is always all on TV, even back at the time.

Even Sung SU said if you do not understand your enemy, you will lose.

And Putin, My concern about Putin, is that he could be overthrown by not being strong enough.

Kiev is where the Russians began.

That was their First Capital.

It was destroyed by the Mongol invasion at 12:40.

Then they rose up again in Moscow.

So Kiev to him is like London is to us, you know, kind of the motherland per SE.

And so the thought of like flattening Kiev or nuking it doesn't cross his mind because that would be like us take Luke, you know, nuking London.

He's more of a historian and, and I know that from many sources, direct sources.

So my concern is that they have neocons like, you know, and they don't have that view they would flatten Ukraine in a second if they had the power.

So this is what I explained in the meeting.

I said, if you embarrass Putin, you think you can embarrass him and just say, oh, God, I OK, I have to leave.

He will be overthrown like they did to Gorbachev and like they did to to Khrushchev.

The third time will be the charm.

They will grab power.

All right, just as we're infected with neocons.

They got a lot too.

I mean, you know, there's tapes with Lindsey Graham, you know, with in a meeting with Zielinski saying this is the best money we ever spent to kill Russians.

What the hell is that?

You know, you might as well say, well, Gee, this is the best money we ever spent to kill Muslims or blacks.

I mean, in London they throw you in jail for 22 months, if no longer for that, So what?

What's the difference here?

The Russian people, Ukrainian, American and Chinese, we're all the same.

The average person just wants to take care of their family and get along from one day to the next.

Wars are created by the elite, not by the average person.

And that's why they call it.

There's a psychological ploy and they call it, you know, rally around the flag.

So what I also warned them about is that in order to get people to sign up for the military, you have to pretend you're attacked.

This is why FDR allowed Pearl Harbor.

He tried getting us into World War 2 several times.

Congress would not issue a declaration of war.

I saw him in a documentary.

He went to Boston trying to convince him to send troops to, you know, they're Irish.

And they said, you really expect us to go over and defend the British after what they did to us and Ireland.

You know, most of the people that did flee Europe and came it was to get away from all that stuff.

I mean, the, you know, the, the ethnic differences are are insurmountable.

You know, just look at the Gaul, all right, He withdrew from NATO so French has its own nuclear weapons.

He was told after World War 2 when the CIA was trying to create the the EU and they said no money unless you agree to this.

They they saw it.

They wanted Europe to be united as a buffer for communist Russia.

You can go with what did the goal say?

He'll accept that partnership with the Germans, but not the British.

All right, I've been to France many, many times.

I was even a keynote speaker, visit Bank of International Settlements conference in Paris.

I've been to meetings for top banks, been told you got to bring a a translator, but then you have to listen to the translator because it's simple term like a bull market.

If they don't understand the financial market, it comes out as a meat market.

All right, so I had a corrector, and as soon as they realize I'm correcting the the translator, then she's dismissed in the meeting takes place in English.

When I was at the BISI, sat at the table with all the heads of the central banks and the table starts speaking English because the German doesn't know how to speak Italian.

The one language everybody knew was English.

The Frenchman sitting next to me, he was livid.

This is Paris.

We should be speaking French.

I believe after dealing with with them for so many decades, they just view that if Napoleon had won that Waterloo, the world would be speaking French.

So to this day, they do not get along with English.

And I think that's the reason, you know, in 67 Gaul, the Gaul went and told, you know, and in Quebec it was a big world's fair and was advocating Viva, you know, to separate from Canada because the rest of them are English, you're French.

I just think it's an inferior complex that dates back to Napoleon.

And in Europe, these things live on for a long time.

We handed half a dozen judges to Greece.

And what did they say?

Made the front pages?

Oh, now we can do a sneak attack on Turkey and other NATO country.

I mean, the hatred between the Turks and the Greeks go back to Alexander the Great, you know.

So at this meeting, I laid all this out.

I said, look, you know, what do we do?

One Putin proposed a tunnel from Russia to Alaska.

You agree he needs a win 2 besides the threatening and the misagreement etcetera.

You drop all sanctions.

You then allow American companies to go in to Russia and joint venture for what Russia is the is the richest country in the world from natural resources on the rare earth.

China does have a monopoly.

This was part of the reason why Trump was talking about Canada.

51st state in Greenland for rare earths.

All right, why it takes 920 lbs of rare earths to make just one F35 jet?

It's a national security.

They are not per SE rare.

What is rare is that it's not, they're not like gold.

They don't get in one vein.

It takes, you know, more of a strip mining to get this stuff.

Now Russia is also subservient to China.

On rare earth Nixon and Kissinger, they separated the two.

Our new cons have put the two together.

So my proposal of a joint venture and dropping the sanctions 1.

It would help to divide China and Russia.

Again, we provide the capital.

Russia has the technology in the know how they tube mine rare earth.

We do not.

So we provide the capital.

We start doing that number one, we can start getting rare earth from Russia instead of China and it would help to split them.

Secondly, by doing such a joint venture that's telling Europe we're in partners with Russia back off.

So I think that has a double edged sword to it and it helps create peace.

The problem with these people and that I want, I said, look, you put Russia and China together.

There was a meeting with the Chinese foreign minister, met with Kayla.

I had sources there so I know what was really said.

And I let him know Kayla was trying to convince China to back out and not let and let Russia surrender or fold or whatever response was we are not prepared to allow Russia to lose.

And he said because we know we would be next.

So I explained to him, I said, look, these neocons have completely put the world at risk.

They've not only put China and Russia together, I said if I'm going to put on their hat and look at it from their perspective, I'm going to attack Taiwan, North Korea attacks the South and Japan, Iran attacks in the Middle East, and Russia takes on NATO.

How are we going to deal with four fronts simultaneously?

All right, NATO is out there saying we can defeat Russia.

The honestly the you know the BS they're telling Russia will never push the button because they know the nuke would would fall back on them.

It's really they are telling these European leaders they have 3.4 million soldiers against Russia's 1.5 so we can just walk in.

Putin will fall to his knees and beg for his life before he chop off his head.

The problem with that, that 3.4 includes all Americans and Canada.

So, but you know, This is why you see these European leaders pounding their chest.

They really think that they can walk in, conquer Russia, get the 75 trillion in assets and then the Holy Roman Empire will rise again from from the ashes and they will rule the world.

They're delusional.

All right.

You have Eridan in in Turkey with the same kind of idea, resurrecting the old Ottoman Empire.

You know, when Hamas attacked Israel, he was out there cheering on all the Arabs, trying to show I'm the leader, Come, let the Ottoman Empire rise again.

I don't know what it is about these people.

Look, I've been to dinners in London and they go, well, you know, the sun still doesn't settle in the British Empire.

And yeah, OK, OK.

You know, it's all glories or something.

And that's why I think the French are just so upset about Napoleon losing.

These things last for a long time.

And I'm sure if a French girl brought home a German or maybe even worse yet, a British boyfriend to marry, the father's going to go.

You do know what they did to us.

You know, look, if you have even Bismarck in 1888, one of his famous forecasts, he said Europe's going to be engulfed in a major war and it's going to come from the Balkans anyway that that hasn't been there.

You have to understand that the Balkans and these Ukraine region, it was part of the Ottoman Empire.

So many empires have occupied it.

So you have basically Islam, you have Eastern Orthodox, Christianity, you have Western Orthodox, and then you have Jewish.

So you have 4 religions, ethnic groups all divided because they were here sometime, whatever.

You talk to Serbians and they go, you know, there's Armenians.

You know, it's just the way it is.

You know, it's not like the United States.

And I explained this to EU, when they had called me into, you know, forming the EU, I said, you don't understand what made America great.

It wasn't a single currency, all right?

I said it was discrimination.

Oh, how can you say that?

I said because it was fair.

Whoever was last off the boat was discriminated against.

He got a job when he could speak English.

So the second generation, everybody's intermarried.

You ask an American, what are you?

I'm half Irish, half German, Whatever I see.

You don't see that over here.

The language keeps everybody apart and the cultures and stuff like that.

I mean, from an American perspective, I love Europe.

You can go to Italy and you get great pasta, but even in Italy, you know, you go to the South and you get what we think is Italian because it was the Sicilians that came over to Philadelphia.

You know, pizza was really invented in America.

I went to Europe with my family when I was like 13.

I finally saw a sign for pizza down in Naples.

Oh, wow.

I went over as a cracker with some tomato sauce on.

That was it.

I said there's no pizza.

And you know, you go to, you know, you get Neapolitan type sauce and you get different in Rome and you go up north, you get, you know, a little bit, you get Bolognese and then you go all the way up north, you get Alfredo.

All right, So you have 4 different cultures even within Italy.

I went into a into a bakery in Rome when I was 13 and I asked you got a cannoli.

A guy practically pulled a knife on me.

That's not a tie in that Siggy.

Excuse me, You know, I thought it's Italian, You know, I mean, it's, they're very, this is the way Europe is.

It's do you ever hear of a Welsh rabbit?

It's a sandwich in England.

It's a grilled cheese sandwich.

It's basically derogatory, saying the Welsh are too poor to even have a rabbit, so we're going to win a Welsh rabbit.

What's a Welsh rabbit?

It's just this grilled cheese sandwich.

That's it.

So I mean, this is Europe.

It's delightful from a tourist perspective.

You go to each place, you see, oh, this is different, whatever, you know.

But they also are very stick, you know, deep in their culture.

That's why you see hung Hungary fighting tooth and nail with the EU.

No, we don't want these migrants.

They're destroying our our culture.

This is you can't do this by force, you know, and I've explained to him, I said until everybody speaks the same language, that's, you know, they're not going to intermarry.

I mean, there'll always be an exception.

But in general, no, the United States is called the melting pot because that's what happened.

We all, once everybody spoke the same language, everybody intermarried German, married in Italian or whatever.

You know, it's, it's common here.

It's rare to find somebody that just won, but in Europe it's the other way around.

Yeah, you're, you're remind me of some of the, the history I've been reading about how or, or, or I should say, just in general, how I, I feel like the humanities history in particular, maybe Europeans are, are different 'cause I feel like you're, you're around it more, at least over in other parts of the West, You know, where it's not, You know, we don't have the Colosseum in our backyard or something that there's, and I'm borrowing a term from J Paul Getty.

I remember reading his, his autobiography.

He, he called, you know, some of these Americans, especially the ones, you know, well off where they're kind of like Barbarians.

There's actually a chapter, I think he has it dedicated to that, where they don't really have an understanding, you know, the, the culture, kind of the history and kind of the roots and such.

And I'm kind of tying that in with how I feel like people don't fully grasp and appreciate it.

And I think you're elucidating it, You know, you're bringing it to light as it relates to Europeans and the and, and and the cultural and ethnic idiosyncrasies that make up each each part of it.

Yeah, I think it's, I think it's very under underrated, at least over here in, in, in in America.

I don't know how I can't speak for for Europe, but yeah, it, it, it, it is fascinating.

And what was I going to comment on?

How about other things going on that are, you know, grabbing your attention, whether that's, you know, over in over over in Asia bit and cover that a little bit or Latin America or even over here in in the States.

Any any comments?

Well, I think that, I mean, Trump is trying to like tell people to different countries to adopt the dollar.

He's kind of on this thing with trying to defeat China and bricks, etcetera.

But you know, it's all about currency again.

And they don't quite understand, I think the full dynamics behind some of this.

If a country adopts the dollar, pegs the dollar to their currency, whatever, then they import our economic conditions, the Fed raises rates, rates go up there too.

Fed lowers rates, you know, and so you end up importing and exporting inflation or deflation, which has nothing to do with your domestic economy.

So, you know, this is what's kind of going on to some degree.

You know, look, from the proposal I did, I believe it did also end up on Putin's desk.

And a few days later, you had Lavrov come out and said Europe is willing to guarantee, I mean, Russia is willing to guarantee that they have no interest in invading NATO.

This was the crux of the report, saying Europe wants this, they need the war because economically they're declining.

You had you had the two finance ministers of UK and France hint that they may need an IMF bailout.

And so this is really I think the watershed event that's on the horizon.

Our banking system uses U.S.

Treasuries as its reserve.

They don't use, you know, California air bonds or something like that.

If California went bust, the traders are going to say, OK, who's next?

Oh, maybe Illinois or something.

They're not going to attack the Treasury in Europe because they never consolidated the debt.

They are extremely vulnerable.

So France ends up being pushed over the edge.

What are the traders going to do?

They're immediately going to look at all the banks and who has the most French debt.

They did that after Greece in 2010.

All right?

And so then you start shorting those banks.

So you're looking at the banking system of Europe collapsing.

Also, the pension funds, now, they understand this all right, which is partly why I think they're pushing for war sooner than later.

You, you just had also Russia come out and suggest that they put nukes in Cuba and Venezuela again, put on their hat.

We're talking about giving Tomahawks to Ukraine.

I'm concerned that that would start World War Three.

Why?

A Tomahawk is not just a conventional missile.

It can also carry a nuke.

Now you're sitting in Moscow.

Zelensky just fires one at at Moscow.

Do you assume it's conventional or do you assume it's nuclear?

You can't tell.

So what do you do?

self-defense.

You're going to have to assume the worst because there's no option B if you're wrong.

So I've caution them.

I said, you know, if I'm him, we just hand do I mean, Tomahawks.

I'm concerned that he gets overthrown.

You know, and if that happens, one of these new cons over there are going to say we have to protect Russia, take out Kiev.

Then what if Europe says, OK, that's it, that's nuclear war.

Every capital is targeted.

Is this what you want?

I mean, it's this is it's gotten to the point of just complete insanity.

You know, Russia just, you know, announced that, you know, they have a submarine with a nuclear torpedo, which one can take out all of Britain.

I mean, what are these people playing with here?

And so the threat of putting nukes in Cuba and Venezuela, you know, I mean, these neocons, it's like they hire somebody to kill their wife.

Well, I didn't do what he did, you know, And this is Zelinsky to us.

Well, we didn't nuke you.

He did, but you gave it to him.

Or a guy that's a murderer.

Well, I didn't kill her.

The gun did, you know?

Not me.

I just pulled the trigger.

I don't know.

I just, I just feel as though we got to get rid of these people honestly.

So I was told that I did get an e-mail back or a text message back about a week later saying thank you, negotiations are going well.

I don't give anybody false hope.

But what it at least what I was called into appears to be a sanction but power law course.

So let's keep our fingers crossed that we can.

I don't think we can change the cycles, but I think we can change the amplitude.

That's basically what I'm hoping for.

But, you know, Asia, I disagree with Trump's tariff wars per SE, thinking that, you know, we can increase the revenue.

This, no.

And we'll see if the Supreme Court overrules it or what.

But the theory comes from basically the 19th century before income tax.

The country did fund itself with tariffs, but we also didn't have a social agenda.

You know it, you know, minimal government once you created the income tax and the progressive got got in there, government's gone nowhere but up.

It used to be 3% of the workforce.

No more.

I mean, it's a it's it's human nature.

A guy that starts a small business always wants to make it better and expand.

That's a human trait.

Maybe problem is you would like somebody as a congressman or politician for whatever they have that same trip.

Oh, I could do this if I just had a little bit more power.

So every crisis you see, SEC said, well, if we had this, we could have prevented it.

You know, Chris, they get that next book.

Well, we need this too.

You know, it just goes on and on and on and on.

And look, our interest expenditures are exceeding military.

A three-year old with a pocket calculator can figure out we're doomed.

Eventually.

Interest expenditures are going to continue to rise and consume everything else.

That's when you know it all comes crashing down.

When you can't sell the new debt, you can keep the Ponzi game, you know, scheme going as long as there's somebody at the door to buy the next tranche or debt that comes out.

When that stops, it's Katie barred the door, you know, so that's what we're facing.

But I don't think the EU is going to survive after 20-30 in Asia.

But China understands the game.

They cycles are part of their religion, so they're not like us in the West.

When I wouldn't have to do conferences, I'd have to explain there's look, there's a business cycle.

We were always taught in school that's linear.

You know, every year is progressive, whatever doesn't work that way, booms and busts, sorry.

So China understands that there's a cycle and what they're doing is they're copying the United States.

So rebuilding the Silk Road, etcetera.

They're trying to build a consumer based economy that's better than a mercantile economy that Europe does.

Google it.

You'll see that a the average net worth of a German is less than that of an Italian.

Why?

Because they keep their taxes so high, regulations so high, they're afraid of inflation, so they oppress their own people.

And I mean, you can go on Saint Louis Fed, just call up a chart of GDP of the US and then call one up from Europe.

It's like a tiny fraction of the United States.

So China is not stupid.

They understand and are copying the US model.

I don't think Trump quite understands that.

But they know their time is coming.

They will surpass the United States.

They will become the financial capital of the world for probably a couple, 100 years, and then they'll decline.

Then we'll move back off to, you know, to Europe.

Everybody gets their 15 minutes and, you know, in the sun, I guess, you know, is Lydia.

Persia takes them out.

They get the capital.

Then Athens becomes the financial capital.

Then Rome becomes the financial capital after the fall in Spain becomes the richest country found America, they lose it to the Dutch or taxes to the Germans.

The Germans don't hold it for very long.

They lose it to the Dutch.

The Dutch lose it to to the British in the British after World War One and Two comes to America.

All right, So nobody's ever had this cycle forever.

That doesn't exist.

All right, We all get our 15 minutes in the sun.

And so you see, domestically, what you're asked about in Dami in New York is look at the last WEC conference.

I stood up and I said, look, the computer says the Democratic Party is collapsing and it's going to go extinct and it's going to split everyone's really.

Now I get emails.

Oh, my God, you're right where you can see this.

Schumer's walking a tightrope, trying to pretend between the progressives and and the conservatives that we can fight, keep the government shut down and.

Keeps telling it.

Oh see, it's Trump's fault.

It's Trump's fault.

Takes 2 to tango and he only needs 6 Democrats to finally cave in.

But he is after mandami I think.

Victory.

I think you're going to see a lot more Democrats shaken up.

The conservative ones are just going to leave.

They're not into this, you know, Mandami, grocery stores, you know, and but this is the problem with these people.

They get in there.

They don't understand anything, even Trump with the tariffs or we lost all these jobs.

It's not, oh, look, I've been advised companies, I've restructured them internationally.

The issue is not, oh Gee, if we move over here, we'll pay this guy $2.00 less an hour than this one.

That's not the issue.

It's taxation.

All right.

I became friends with Margaret Thatcher because I was moving.

She had heard there's this guy sending companies into Britain.

I happened to have known her personal economic adviser, Sir Alan Walters.

He says, yeah, that's Marty.

Oh, there is a guy.

I want to meet him.

Maggie was very intelligent.

She asked me why I was doing this.

I said, look, if I needed skilled labor, auto manufacturers, etcetera, I was putting in Britain.

Why?

Because in Germany, the social costs that the company must pay over and above the employee, that the employee will never see is 40% more.

All right.

I was advising one German company.

I got called in for a crisis there.

They won the layoff.

20% of their workforce initially told they could.

Then at the last minute the government said no, it's not fair that you pick and choose.

You have to make the offer to everybody.

What happened?

If you knew you could get a job across the street, it took the €150,000 and you left.

They got stuck with the very people they were trying to get rid of.

I told this story to a board member of the IMF.

They said, you know, we found the same thing in Greece.

I said, it's human nature, all right?

The social regulations in Europe are abominable.

All right, So I was putting all the auto manufacturers, things of this nature anyway, needs skilled labor.

I sent them to Britain.

All right, So it's taxation.

So what Trump does not understand, look at the city of Detroit.

All the auto industry moves there, that's where they began, right?

None of them are there now.

Why?

Because Detroit thought, wow, we're going to make so much money, kept raising taxes and taxes and taxes.

They left Detroit, ended up going into default in 1937.

They finally came out of it when 1963, All right, You see the same story.

The city of Maine's in Germany.

All right, 15th century, same thing.

Gutenberg Press 0.

We're going to make so much money.

The politicians keep raising taxes, raising taxes, and So what?

Even Gutenberg left, they end up defaulting.

What happens?

The creditors come in and they sack the city.

The Pope even excommunicated the politicians.

It's always the same story.

So Trump with his tariffs, Oh, they left because they're, you're getting $2.00 cheap.

No, we chased them out ourselves with taxation.

You know, it's I testified before the House Ways and Means Committee.

They asked me what they called me in and they wanted to know why no American company got any of the contracts in China.

Like to build like the Yellow River Dam, That's a very simple we tax worldwide income, Germany does not.

So a German company bidding on the very same contract in China is already nearly 40% cheaper.

He can then send German citizens and you go over there and whatever you earn outside of Germany, it's all tax free.

Compete with that, You know United States.

Oh, you found €100 on the ground while you were in Germany?

Where's our 50%?

Our politicians are so damn greedy.

You know, look, Wall Street, Goldman Sachs moves its most profitable division to Florida.

Boca Raton is basically going to become the new Wall Street with Mandami really thinks that he can.

They don't see this.

They don't understand it.

I mean, just look at California, you know, companies leaving Tesla, etcetera.

So what's the solution?

Newsom says.

Oh, we'll put an exit tax and punish them for leaving.

Why don't you look at why they're leaving to begin with?

You know, so you're going to raise even more taxes and we'll punch them for leaving.

Are you solving the problem?

You're not.

It's just how much money I once you give anything to the government, they put in income tax in 1913.

OK to pay for World War One.

Look at the ads.

Look at the newspapers back then.

Oh, only the rich is going to pay.

It's not going to be you.

World War 2 comes.

We're all payroll taxes, right?

I just, we just went through an audit.

Or do you have contract employees so you're not having to charge their Social Security?

So no, we don't have contract employees.

Sorry.

Cost me $50,000 to do an audit to prove that what I said was true.

Oh, OK, fine.

You don't know anything.

Thank you.

I mean, this is America.

I got to spend an audit, go through an audit, cost me a shit load of money to go through this stuff to prove what I just said is true.

You know, income tax, you know, it always sounds nice.

We're going to tax the rich.

I got to know what you're doing because how do I know you're not rich?

So you got, I got to know everything you're doing.

You know, This is why in the Constitution, it outlawed direct taxation because it makes us subservient economic slaves to the government.

They got to know everything we do.

And now all I've ever heard for years, we wouldn't have budget deficits if everybody paid what they were supposed to assume.

Honestly, we're all crooks.

We all lie.

Nobody pays what they're supposed to.

And they create this vision in their mind.

We wouldn't have a deficit.

I said I don't care.

And I've said this to their face.

I don't care if you double what you get, you'll still have a deficit because you always spend more than whatever you have.

And that's why people, you know, I tell people, look, so oh, you're anti, you know, gold standard.

I said gold standard is not going to work.

None of this stuff's going to work.

You got to change the political system first.

Gold standard will collapse just same as Bretton Woods.

It fixed gold at $35.

Sounds nice, but you didn't stop create, you know, creating money.

Come on.

Like I said, a three-year old with a pocket calculator could figure this is going to go bust.

I mean, it's, it's not, you know, Nobel Prize winning science here.

You know, and, and this is this is the problem.

We don't politicians have lost the way to run.

And I want to run for Congress.

Vote for me.

I'll give you a free car and a lollipop.

How do I pay for that?

Can't be a fixed rate, can't be a gold standard, anything like that.

All right, I got to create more money to make that promise come to, you know, I got to bribe you.

It's not like vote for me because I'll run it better than that guy.

Not going to happen.

It's vote for me and I'll give you this.

So until we basically change the political system, not going to happen.

Now I hear a lot of people talk about it being a controlled demolition.

And I also hear I had a guest on just recently mentioned about how you have some might say the cabal or, or these, these factions that kind of run, run the show that they're, they're into the occult, they're into Gematra and, and numerology and things of that nature.

Do you have any comments on that?

I don't really see that, and I think a lot of that is giving them more credit than they deserve.

They're not that smart.

There are nefarious groups like Soros, but they're trying definitely to undermine the system.

But I wouldn't say that that's part of the government.

It's more from the outside trying to to get in like, you know, Mandami giving him up to what, $37,000,000 to run.

It's not grassroots money.

You know, he won be basically poses sorrows.

That's it.

You know, all these, you know, not grassroots out there, not going to never.

They're paid $37 million, buys a lot, but this is what they do.

They, you know, Soros has got this bug up his ass of this open society shouldn't be any borders and all this, you know, one world government nonsense.

You know this why you get to who you know, they want to dictate everything to the world on any disease or whatever.

You're going to do what we said.

This is not democracy.

NATO.

Why are they so dangerous?

Because basically they think that it within this one world government that these Cabal's do want to create, they will be the Department of Defense and run the world.

NATO is very dangerous.

It was created as a pawn against the Warsaw Pact.

When communism fell, we didn't need NATO anymore.

I saw the internal memos.

How do we remain relevant?

They only remain relevant by saying Putin wants to invade Europe.

OK, if Putin said I'm not interested in invading, let's have peace then why do we need NATO?

Oh, everybody's got to give us 5% of your GDP.

They create the wars.

So I said it's not the average person.

You know, you know, Dick Cheney and is is Halliburton.

You know, they made a shit load of money off Iraq war and as soon as they're going to get investigated, what happened?

Oh, they moved.

They resigned their American charter and moved to Dubai so they couldn't be subpoenaed.

I mean, personally, I'm just sickened by all this nonsense.

But as far as saying that the people actually in government are part of this grand come, you know, they're not that smart.

If they were really in, that wouldn't get called in.

And you know, I even took one part.

I said, you know, I took one person with me to Capitol Hill, said they were really want to say let's go.

I said, you sure you want to see what I'd say as you're never going to look at government the same.

Spent the whole day there, all kinds of meetings back and forth and we walked out again.

He said, holy shit, they don't know anything.

I said I told you don't credit them too much.

I know they can turn into conspiracy theories or whatever the evil people are on the outside like Soros in my opinion.

And it's, you know, they don't believe in democracy.

The EU was set up.

He's talking about lies.

I mean, Ursula calls Putin a dictator.

Excuse me?

He's at least stood for election.

The head of the EU never stands for election.

All right?

You're appointed the people in the backroom who make the laws in the end, and the EU unelected.

The only people they're allowed to vote for are the parliament and look it up.

The parliament has no power to make a law.

It's just a dog and pony show.

That's it.

They deliberately wanted to prevent any democratic process.

So I know we've been talking for a long time.

Yeah, yeah, I'm, I'm, I'm just kind of taking it all in and I and I know you have other things that you need to, to, to, to go to and such.

But I'll just comment and say that as I've continued to go on this journey of, of trying to better understand the world and and the power players and such it it is, it's it's amazing how nuanced and complex it is.

And I feel like when people look at politics from a very binary perspective, at least over here in the states, you know, Republicans, Democrats, I, I think that's, I think it's, it's much more than that.

And I think there's a, you know, an element of, of course, deep politics and such.

And it is interesting elements within the government, intelligence agencies that are more or less involved in criminal activities, trafficking drugs, people, of course, etcetera, etcetera.

And that is very alarming to me.

Yeah, I know it's obviously been going on for, for, for, for a long time.

And it, it is interesting to hear people's, people's take on it.

But I I always appreciate your time, of course, Martin, having you on and especially our our love for our mutual love for history.

So.

With that, with that being said, I don't there's anything else you'd like to impart to the audience as well as how they can learn more about you or?

You can go to armstrongeconomics.com.

We, we keep it open.

You don't even have to put in an e-mail or anything.

We don't even sell advertising.

It's, it's an open source.

But all I can say is just look at the, the leaders of Europe, you know, the worst crop I've ever seen in my life.

They're not intelligent and they are just being manipulated by people behind the scenes.

Terminator.

So it's, you know, be careful about the conspiracy theories.

They're not that smart.

They really aren't.

It's deeper than that.

Roger that, Roger that.

Well, I, I appreciate it.

Of course, your time and Martin, I'll, I'll let you go.

Have a have a great weekend.

Oh, thank you and catch up later.

I'm actually invited to for a follow up to a cocktail party on the 14th.

So it's see where we're at next.

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