The World Order Is Being Renegotiated

➡ The text is about a conversation with economist Martin Armstrong, who has had a significant impact on global finance and politics. Armstrong discusses a situation where Europe is distancing itself from America, with promises of non-interference in Taiwan and no participation in wars outside Europe. The text also mentions Armstrong’s upcoming seminar in Florida and his 600-page book. Lastly, it discusses the economic implications of shutting down the Strait of Hormuz, which could potentially lead to financial defaults in the Gulf states and impact London’s economy.
➡ The speaker was asked to create a peace plan for Russia, which was approved and implemented by Trump. They discuss Europe’s economic struggles and reliance on war, with Germany’s economy now largely based on the military industry after selling off major companies. The speaker also mentions tensions in Ukraine, with claims of ethnic cleansing and neo-Nazism. They end by discussing Russia’s portrayal as the enemy, despite China being seen as the real threat.
➡ The text discusses a complex web of international politics and financial dealings, involving Russia, the U.S., and other countries. It suggests that Putin was chosen as a leader to balance between oligarchs and communists in Russia. The text also mentions a product called Sloop that mimics exercise and is popular among athletes. Lastly, it discusses how financial movements can predict major events, such as wars, and how this knowledge is used by governments and institutions.
➡ The speaker discusses his experiences in the financial world, including managing money for controversial figures and dealing with anonymous clients. He also talks about the shift in scientific research from the pursuit of truth to being driven by funding and desired results, leading to some scientists moving to China. The speaker criticizes the lack of change in academia and economics, and shares his refusal to produce biased studies for money. He was asked to teach at a top university, but the details of this offer are not provided.
➡ The speaker discusses his experiences in the financial industry, highlighting the importance of understanding market dynamics and the dangers of specialization. He criticizes the academic approach to finance, arguing that it lacks practical understanding. He also shares his experiences with artificial intelligence (AI) in finance, stating that while it’s a useful tool, it’s limited by the data it has and can often reflect consensus rather than truth. Lastly, he shares a story about a man who made a poor investment decision, emphasizing that following the majority can lead to financial mistakes.
➡ The speaker discusses the unpredictability of the stock market, explaining how a sudden shift from buyers to sellers can cause a crash. They also talk about the concept of supply and demand, using the example of water and diamonds to illustrate the point. The conversation then shifts to artificial intelligence (AI), with the speaker expressing frustration with current AI systems and skepticism about the possibility of creating a conscious AI. They believe that merging biology and computers could potentially lead to a different kind of AI, but also pose risks.
➡ The speaker discusses the limitations of artificial intelligence, highlighting that it can’t discern real news from fake news. They also delve into politics, discussing the influence of leaders and their motivations, particularly in times of war. The speaker mentions the concept of justice, stating that it’s often defined by those in power. Lastly, they mention an upcoming seminar, which aims to educate attendees on topics not typically covered in school.

He’s telling Europe we don’t need America anymore. He will provide the nuclear umbrella. He’s got his own nukes. He’s offered to put nukes on Germany’s planes. He went to see Jing before Trump went there and he told Jing that one, they will never participate in a war outside of Europe again. So that cut off the Middle East. But he then promised they will not interfere. On behalf of Taiwan, Thank you for listening. Thank you for sharing. And please subscribe below and think about joining my substack@sarahwestall.substack.com or my newsletter. You can sign up for that as well@Sarah Westall.com and remember to give a thumbs up and to subscribe on the platform that you’re watching.

Welcome to the Economic Review and Business Game Changers. I’m Sarah Westdall. I have the great Martin Armstrong, the economist Martin Armstrong coming back to the program. He really is a legend. And we actually we spent a good 45 minutes talking before we started this super long interview. And he is going to share some behind the scenes things that I mean it’s just incredible his life and his life journey and what’s happened to him. There’s a documentary out about his life but he recently negotiated a peace deal with Putin, got on his desk. Trump wrote him a letter of thanking him what he recommended.

He’s seeing the actions being done. I ask him about what’s really going on with the straight of Hormuz and the shutdown and how that who that really affects. It’s it’s a really engaging conversation that you don’t really get to have with very many people very often who’s been involved in high levels of finance with leaders of countries all over the world and also got to see the back end of some of the corruption and how things don’t work very well either. So super entertaining for me and interesting and hopefully for you. He has a seminar that he’s doing July 25th, it’s in Florida and he will be, he calls it he’s giving back of things he’s learned and what he wants to share.

He was asked to teach at a university that really doesn’t want to do that and so he’s doing this instead. He has a 600 page book that everybody who goes will get access to. It also is online after he’s done he will also have a video available from his website. So you can go to Martin armstrongeconomics.com and see that. I also will have the link below and you will see on the screen, his name, where his website is as well during the interview. So check it out. I’m going to try to go, so maybe you’ll see me, maybe stop by and say hi and I want to see Andy Schectman too, he’s in that area.

So I got a lot of people I need to go say hi to. But be sure to check that out. The link is below. Before we get into that, now that I mentioned Andy Schectman, there’s so much change coming and I’ve been talking about the price of silver and how it’s just a, I mean flat out it’s out of whack. The, the supply demand’s out of whack. It hasn’t been repriced based on industrial use, which at all it is at all. There’s no product in the world that I have found that simply ignores a whole aspect of pricing.

And so it’s just completely wrongly priced. And at some point and even the big players are all saying it’s going to get up to like 300. I mean it’s just a, I, I think it’s a good investment but it’s also just a value of wealth as the inflation keeps going up. Gold and silver moves with inflation and it has all through history. We’re in very turbulent times. It’s a great place to store wealth. Even though I think it’s still a good investment, it’s a better place to think about it as storing wealth. And I like to buy from Andy Schectman, from Miles Franklin.

You can trust them. We’ve helped hundreds of people get out from underneath scam iras. A company that does that and doesn’t expect anything in return are good people. They’re good people. Plus they’re not going to scam you by charging you higher premiums than you should be paying. They have a private price list that you can get access to. They publish it twice a week. It’s better than what they do publicly. And they, you know, it’s a commodity based business so they’re very careful about what they share and their premiums are really low. I mean that’s how it works.

And they’re going to treat you like a sophisticated buyer and they’re going to give you those good premiums whereas so many people are charging like four times higher premiums. And those are the companies that we don’t think are scamming people, they’re just charging too high a premium. Then you talk about all the companies that are scamming people and it gets really bad. So go to sarah westall.com Miles Franklin fill out that form. You’ll get a copy of their private price list and do that today. So you can see especially if you’ve already bought gold or silver or if you’re thinking about it, do yourself a favor and compare.

Okay. Sarahwestall.com Miles Franklin let’s get into this amazing conversation I have with Martin Armstrong. I will have part of it on my sub stack. So you can go to sarahwestall.substack.com or go to sarahwestall.com my substack is now integrated into my website but this is really long interview so I am putting portion of it. I know people, he has so many fans out there. I know people are going to watch it. So you can go to Sarah Westall substack.com to see the full interview segments there, the exclusive extras. Okay, here we go. I got the great Martin Armstrong back.

Well, thank you for inviting me. Well, you are a legend and I got to ask you some questions about the Straight of Hormuz. I just had Colonel Rob Manus on and he was, he advocated that the Straight should be shut down. This was, you know, last year before it was shut down and he was saying that the United States is, is independent from an oil standpoint, from an energy standpoint and that we are not anywhere near as affected as the rest of the world. And shutting down the Strait would put pressure on China and on the city of London and the Western NATO alliance group.

And that that is really what’s he thinks is behind a lot of this. I’ve heard it from other economists. Tom Luongo thinks that as well. And there might be some truth in that because that seems like, that maybe that because it seems too stupid to be stupid. No, it is correct. I mean we are mostly self sufficient, not 100%, but damn close. But there’s another whole layer to this that is not in the press and people don’t really seem to grasp yet why was because, you know, as you know, we had offices in Dubai, everybody and their brothers there.

Yep. They built a $30 billion AI facility there. Amazon’s there, OpenAI, you name it. Everybody’s in town. When the Swiss, you know, started seizing money for anybody that remotely knew Putin, they shot themselves in the head and the foot at the same time, I think because the capital started moving and the two places it went to was Dubai and Singapore. So Iran sent more drones and missiles at Dubai than they did Israel. Why they bombed the AI facilities. Right. The data centers, and then that shut down the financial system for a week. But during COVID oil went down to $6.50, and I think it even may have gone negative for one day.

But all the Gulf states borrowed extensively. They now have national debts like we do. Okay. Most people don’t realize this. They think Middle east is flushing cash. Not true. So shutting down the Straits of Hormuz from Iran’s perspective is 3D chess. They also were attacking refineries of the Gulf states. Why? If they shutting down this trade and cutting off oil, they know it’s not going to hurt us. Absolutely correctly. All right. It’s not a ploy against us that way. But if the Gulf states cannot sell oil, they default. If they default, that goes right back to London.

So it’s much more than people realize. Hold on though, a second. So Iran affecting London. It looks like the United States was forcing Iran’s hand to affect London. Whether the US Understood, I don’t know. I did a report on this, and I did send it off to the White House and to some other people. I don’t think they knew about the debt situation. My experience in dealing with these people is that, I mean, we’re even talking about the unelected, you know, neocons and stuff. They just look at what’s in front of their nose. They don’t connect the dots.

And so I’m not really sure it was intentional to impact London financially, but. But that was the result. I mean, essentially, that’s what happened. What is interesting is that when I was called in last year and they said they wanted to give me a briefing on Russia, so I went, I took my assistant with me, and then we get there and she has to leave the room. They said, no, this is national security. I mean, I got clearance of, fine, but what’s going on? Then they asked me to write the peace plan to present to Putin.

And then they asked me, use your back channels to get it to him. I said, you want me to do all this? They said, yeah. And I asked, is this sanctioned? They told me, yes. Okay. So I sent it off. I got it on Putin’s desk, and about three weeks later, I got a letter from Trump saying, thank you. So I guess it was sanctioned. But all of this in that, I do have to say that it looks like Trump has done pretty much everything I put in that proposal. And the most controversial part, I said, we should leave.

NATO laid out all the reasons, told them, who in Europe is going to stab them in the back? And everything. I said, is panned out. Can I said, I think on your show and others over the last couple years that Macron has wanted to conquer Russia to get the 75 trillion in natural resources they still have in the ground. In his mind, that’s twice the U.S. national debt. And then Europe will rise like the Roman Empire and rule the world and US and Canada will become the subservient colonies we should have remained. And I would say this, and people would go, oh come on, that’s a little, you know, far.

Well, look up. About a month and a half ago, the head of NATO came out. He didn’t use Macron’s name as I have, but he said, if you think you can conquer Russia without the United States, you are dreaming. Europe is teetering on the edge. You can look it up. The GDP growth of Italy is 0.5%, Germany 0.8% or 3 to 4. I mean, Europe is, is dying on the vine. The socialistic agenda, climate change, everything. I mean, I had a meeting in Berlin and then I had a fly down to go meet with them in Rome.

I couldn’t even get a flight. I said, oh, it’s just a two hour flight, so all the short ones have been canceled. If you didn’t go first thing in the morning, that was it. I had to hire a private jet to make the next meeting. I’ve never had to do that in 40 some years. Wow. It’s just, this is Europe. I mean, if you look at it, the most brain dead decisions you possibly could come up with, put sanctions on Russia. Ukraine knocks out their, their pipeline and they still give them money. Right. It’s devastated their economy and they act as if they can still take Russia.

You had the, the head of, of their air force saying we’re ready for Russia and we can hand them, you know, tonight. I mean, it’s just, they’re dying. They need an extra. They’ve been, they’ve been sending drones into Russia, into, deep into Russia and taking out facilities. They, that’s what they’ve been doing lately. So, but they expected the United States to pay for all this. And we were with the last administration. It was a proxy war, essentially the United States against Russia, using Ukraine. But we are, we don’t want to be part of that. And is, is the Europe stepping up and even able to fight this? They act like they can, they need war, don’t they? I mean really, because they’re in like Germany because they sold off their Volkswagen.

Their entire economy is war now. That’s about it. They don’t have. The biggest problem they have is their older pension funds. 70% on average, have to have government bonds. And the government’s going broke. All right? You go to war, those bonds are worthless. And their choice is they either go to war or the people are going to pick up pitchforks and come storming the parliaments because their pension funds are gone. And more they can sell their. The military industrial complex of Germany is, is skyrocketing. It’s going straight up from a financial. Right. You see the money flow.

It’s because. That’s a. Because after selling Volkswagen, after selling off all this other stuff, that’s all they got for industry. Yeah. No, it’s the same thing in Ukraine. They don’t want peace. If you look at the mint agreement, and this was part of what I put into that proposal, I said Europe negotiated in bad faith. Merkel even. I don’t know if she had too many drinks or what, but it even made, I think, their Spiegel. Somebody asked her, why didn’t you enforce the Mintz agreement? And she basically said, well, we never intended to. We were only buying time for Ukraine to build an army.

Oh, geez. And look, as you know, we had also staff in, in Ukraine, people in Kiev and also Donetsk. The two wouldn’t even talk to each other. The movie they did, only the Forecaster, all the translation was done in. Done Esque. All right. For Russian tv. So, I mean, they’re Russians, they’re not Ukrainian and Zielinski has outlawed their language, their religion. Would you even want to stay in Ukraine? No. I mean, I saw reports before the, the war started. I was fed reports. Right. And, and these were independent analysis of the like 15, 000 people about were just murdered and slaughtered in that area.

Yes, in Odessa as soon as 2014. Yeah. They were killing Russia. Oh, yeah. Then they, a lot of them fled to the trade union building and they set it on fire and burned them alive. That’s what started the whole separation movement. Ukraine is the motherland of ethnic cleansing. All right? They never had a country. The reason they’re neo Nazis is that they joined Hitler who promised to give them a country. So their national hero is Bandera and they began ethnic cleansing. If you weren’t Ukrainian, they just killed you. Jews, Polish, Russians. If you didn’t speak Ukrainian, you were dead.

That’s how they were trying to create a country. All right? I have tapes on my site of Zelensky and he is a neo Nazi. All right? And I don’t say that lightly. The tapes I have of him on stage before he was president, making jokes about confiscating assets from Jews and Russians. All right, and he married a Christian girl. His children are baptized in Orthodox Christianity. Only when he becomes president, like Soros, he comes out of the closet, oh, I’m Jewish. To cover the fact that he’s couldn’t. Oh, how could I be a neo Nazi because I’m Jewish.

We killed Jews. So did the same thing. Sorry, Confiscated assets emitted from Jews pretending to be Christian. All right, same thing. I have friends in Israel. And they basically said he’s no Jew. Well, it seems like, yeah, a lot of people pretend to be Jews in order to do all the crap that they do. There’s this. I don’t know if it’s a psyop or what, but there’s this theory that’s floating out there that Israel, they’re trying to create a new Israel in Ukraine. It seems like they’re set. They’re using the Jews again. Now there is a fake group of people pretending to be Jews.

You just talked about them. Is there any reality to creating a new Israel in Ukraine? I don’t think so. Mainly because you do have an awful lot of ethnic. Just hatred. We had a conference in Athens and the staff from Kiev refused to fly back the quickest way simply because the plane landed. Changing planes in Moscow wouldn’t even take that much hatred is what you’re saying. It. If you brought a bottle of Russian vodka to dinner in Kiev, they would take it and smash it over your head. There’s no talking to them. And I’ve tried, you know, they’ve been brought up in school and the propaganda is Russia, Russia, Russia.

And I’ve said, do you realize that Stalin was not Russian, he came from Georgia. I said, the guy, his right hand man who stole all the food from Ukraine was Jewish, born in Kiev, not Russian. It does seem like everything’s always Russia’s fault. Every. Everything that happens is Russia’s fault. It’s definitely a serious issue. And I’ll say, when I was called in to write that peace plan, there was nobody more surprised than me because you actually asked me to circumvent the State Department. But I was told, we agree with your position. We will not be at war with Russia.

You know, and they said it will be China. China they see as a. Seeking to expand its empire. All right, Russia is not all the. About Putin. As you know, I was in the middle of all that regime change back then, which is why I think I was asked to write the peace plan. They actually said, very sorry what was done to you, but it gave you more credibility. It gave you more credibility. Isn’t that incredible? Getting your ass kicked, going to prison gives you credibility with people. Putin knew that I refused to participate in that regime change and to put in 10 billion.

They were blackmailing Yeltsin. And at the same time Yeltsin was. They had got him to take 7 billion from an IMF loan and wire it to Geneva through the bank of New York and to some company nobody ever heard of for refurbishing the Kremlin. And as soon as that wire hit, Republic national bank runs to the government, says, oh, bank in New York just did a $7 billion money laundering. So now the feds go in on the bank. They then threaten Yeltsin, you’re going to step down and appoint their buddy Barisnovsky the head of Russia. So at the same time, the old Russian Communists filed a motion for impeachment to get rid of Yeltsin.

So he’s getting it from two sides. That’s why he turned to Putin, and that’s why they hate Putin so much, because, one, he wasn’t an oligarch, and two, he wasn’t a Communist. So he was the only one that stood between both of those parties. And you can also look up Baryshnowsky, who had even called me desperate, trying to get me to put in this money, and I said no. But he. You can look it up. They’re called his begging letters. He wrote letters to Putin, apologizing, please let me come back to Russia. I’ll be a good boy.

And he then supposedly commits suicide. All right, very convenient. But his bodyguard even made public statements. He didn’t commit suicide. You know, he was killed by MI6. And the other guy, Safra, who run Republic National Bank, I think the CIA took him out. So it was. I was just in the middle of all this firestorm. And so I guess from that perspective, asking me to do something, that Putin knows that where I actually stood, I guess did give me more credibility to do that. That makes sense. Yeah, because Rubio was always, you know, neocon, anti Russia, Cuba, Venezuela, everything else.

So I guess it would be taken more seriously from me. And. And Putin has come out and said what I put in there, and I. Russia has no intention of taking Europe. And of course, then, you know, the NATO warmongers say, oh, you know, can’t trust him, what he says. But Europe has nothing, has no energy, has no goal. There isn’t a profit to be made okay, financial hub they have City of London is what they got. That’s it. All right. And that’s, you know, losing territory month by month, basically. If you look at Starmer having to resign, the British pound will most likely fall below Paris.

I mean, it’s a disaster. But do you think the city, London. The City of London has power over the US dollar and the world economy though, more than just the British pound, right? No, not really. I mean they used to, but a lot of their institutions are now, you know, second tier. Quick break from the program to share with you something amazing. This is called sloop. It’s actually Slupp 332 but it’s been shortened to Sloop. And this thing mimics exercise. It seems too good to be true. I first shared this on my substack and I had Dr.

Diane Kaser and we went through all the benefits of this and the whole thing sold out. You can’t get it anywhere really across the industry and the people who are using it the most are athletes and bodybuilders and people who want to see extra performance in athletics. Because this, in preclinical studies with mice increased their endurance by 70% and their distance by 45%. I mean, it’s incredible. And it’s been shown to mimic exercise even when you’re at rest. In preclinical studies with obese mice, they lost upwards of 12% of their body weight in four weeks and it increased muscle.

So this is really taking the industry by storm. It’s actually not that expensive either. With my 10% coupon, it’s about $80 for maybe a two month supply. If you take one capsule a day. If you decide to up it to two capsules a day because your dosage depends on what you want, then it’s a one month supply. But Dr. Diane recommends doing one capsule a day until your body gets used to it. You might not see the same level of results right away that the mice did, but your body can get used to it and see if it’s something that you really want to do.

If you are interested in this, I will have a link below so you can try it yourself or go to sarah wesel.com under shop. Remember to use the code Sarah to save 10%. So it, you’re saying it’s kind of a psyop to blame everything on the City of London. There’s really a, a power structure behind that or separate from that. Yeah, you, you’ve had people in there, you know, you get a few drinks in them and you go out. And they go, you know, the sun still doesn’t settle in the British Empire. Yeah, okay, fine. You know, but I do find that you take.

I’ve seen that in London. I’ve seen it in Tokyo again. Getting a few drinks in. And they go, you know, the Emperor still. God, yeah, okay. You know, Turkey. Eridan is like anti Israel because he thinks he can resurrect Turkey to be, you know, the Ottoman Empire again. Macron. They call in the Petite Napoleon in Paris because same thing. He’s France’s de Gaulle left NATO in the 60s. So if you look up and see what he’s done, he’s telling Europe we don’t need America anymore. He will provide the nuclear umbrella. He’s got his own nukes. He’s offered to put nukes on Germany’s planes.

I can tell you from my sources, because, you know, we have offices in Asia, all over the place. It’s good to have boots on the ground. And he went to see Jing before Trump went there, and he told Jing that one, they will never participate in a war outside of Europe again. So that cut off the Middle East. But he then promised they will not interfere on behalf of Taiwan. So that was the green light to take that. So when Trump got there. All right, Jing put that on the table. Where do you stand? All right, when Trump left, look at what he said.

I recommend the chip companies move to America. That’s a big deal. Connect the dots. I mean, this is what’s going on. China will eventually take Taiwan. So hold on. So let me read between the lines. He’s saying, bring the chip companies to America that are in Taiwan. Once those are. I’m putting words. So correct us here. Once those industries are protected in the United States, then if you take Taiwan, we won’t care. Is that what’s going on? Correct. Mainly because of the meeting I had when they said that we agree with you, we will not be in war with Russia, it will be China.

And I said, that is a different, you know, color horse here that you’re talking about. And they all know my computer has been probably the most amazing. And forecasting wars unintentionally, You know, as I said back in. I think it was 85 or 84, whatever it was. But when I was called in because they didn’t teach in school, Keynesian economics and all this stuff was on the gold standard, so there’s never any discussion of currency movement whatsoever. So because they didn’t teach this stuff in school, and I was probably the first in Forecasting currencies. I started getting dragged in everywhere.

And by 85 is when I began to start to see the implications of how it was forecasting war. Because I was called in by the government of Central bank of Lebanon and they said they found a ledger in the basement. Somebody had written down the Lebanese pound back to the mid 19th century and asked if we could create a model on it. I said, sure, you got the data, we’ll put it in and see what comes out. And I put it in and out comes it says, their country is going to fall apart in eight days.

So I called them, I said, look, there’s got to be something wrong with this data says your country’s going to fall apart in eight days. And very calmly they said, well, what currency does it recommend? I said, that’s a strange response. I said, it says, this was frank. Eight days later, civil war began. And I came to realize, because shortly after that I had a client who was one of the biggest shippers in the Gulf. And he calls and he says, iraq’s going to start attacking the shipping in the Gulf tomorrow. What do you think gold’s going to do? I said, you tell me a war is going to start tomorrow.

He goes, yeah, yeah, yeah, what do you think gold is going to. Sure enough, that happens. So over time, I learned that Lebanon already saw the money moving. So they were coming to me for the timing, not for that forecast. Because they already knew, right? They knew what was going to happen. They just wanted to understand the timing. Interesting, right? So what I’ve learned over the years is that even if you take the October 7th attack of Harmous and Israel, all the defense stocks started moving a week in advance. Somebody always knows. All right, 9, 11.

The SEC used our stuff looking for hoopo puts on the airlines a few days before. And a lot of the terrorist attacks, they put positions in markets to benefit from it. They know what they’re going to do and when, and they were making money from it. And governments have been in the markets that people don’t realize. I mean, oops, back then in the 80s, I, we had an office in Geneva. And that kind of made me go more institutional because. And then you have regulations, knowing your client and all this. Geneva was one giant masquerade party.

You never knew who the hell was anything. I get a call like, client wants to give you 500 million to, to, to manage. Come on over. You go there and there’s this, a screen between you and the client. This is who’s sitting on the other side. Oh, it was wild. We had a grain company. Hold on a second. You got to go back to green company. How often did you get the anonymous people behind screens? Oh, all the time. That’s why I gave up. Well, I. Did you take any of those clients? I managed money for Gaddafi twice.

I thought I was dealing with the hotel chain of Europe, the Noga Hiltons. That’s Gayon backwards. I think I’m dealing with. Turns out the gay own family had interest in Nigeria. They owned the oil wells there. And then there was a revolution and a coup and they nationalized it. So they lost all that. And people thought they were going to go down. They didn’t because they took in silent partners. They brought in Gaddafi, Marcos from the Philippines. All these people were together. All right, you’re saying these people were together and you wouldn’t have known they were together, but they were.

I mean, like politically, they, they were look like they were separate adversaries, but they were together on one side of the world and the other one’s on the other side. All right, they were putting up a building in New York called the Herald’s. Well, I think it was the, the Herald center or something. I forget. And so I was invited to the grand opening. I go, okay, fine. I still think I’m dealing with the corporation from York. Later on, I get the FBI shows up my office and they said Ms. Marcos had fled the Philippines and gold was missing and all this stuff.

And they come to me and they said that they wanted me to tell them where the gold was. I said, I don’t know Marcos. They didn’t believe me. They knew not only was Marcos part of the company I’m advising. The building grand opening that I went to was owned by Marcos. Apparently he put it in his wife’s name or something, and Herald Square I think it was called. And I’m sitting there like, you know, dumb. I mean, I, I, you know, after that, I gotta know who that hell I’m dealing with anymore. It was just so crazy.

I mean, I had the Counter Revolutionary army of Iran come in. I thought they were Irish, all red hair. You know, the Revolutionary army trading markets to buy weapons to overthrow the ayatollah. I mean, everybody was involved in this stuff. Well, let me switch topics a little bit because this is important. It’s something that I read this morning, and it has to do with China and it has to do with the top scientists in the world, how there’s all these scientists that are missing. And I, I’m learning that there’s A lot of scientists that are moving to China.

I don’t know how much of it is, is. I don’t know how big of a deal it is or just how. It’s just a small pocket. But there’s a, there’s a group of scientists that are moving to China. There’s scientists that have been killed. And what I’m hearing is that back pre 80s, pre1980s, the universities used to do the real scientific method. I mean, people really did do good research. They’re trying, for the most part there was still screwed up stuff, but for the most part the universities were still trying to do truth and real scientific method and trying to move us forward and everything else.

And then from about the 1980s onward, there started to be an encroachment and a takeover where it was all based on funding and the results needed to match what they wanted the results to match. So if you didn’t do your science and you didn’t match what they determined they needed for their, whatever goals they were, you weren’t going to get funding or you weren’t going to get advancement in these universities. And so the scientists now that are running up against all these walls are A, they’re being eliminated right now or B, they’re moving and going to China or elsewhere.

That’s the analysis that I got behind, I read lately behind the scenes. Is that true? And how are we seeing that play out if it is? Because that’s a big deal. It’s. Look, this is unfortunately the way even academia functions in economics. It’s an arrogance maybe that they don’t want to accept change, but change always comes from the outside, not from the inside. That’s right. And so I would say, you know, back in 85, when the G5 was forming and you’re talking about lowering the dollar by 40% and I said, this is crazy. I said, you’re going to cause a crash in a couple years.

And so I wrote to Reagan at that time and I did get a two page response letter, which is unheard of only because I had been called in. If I had just been some mother schmuck on the, on the street, you know, I probably wouldn’t have gotten a response. But I was then told I went out of committee, I’ll never be called again and why can’t I be a good boy? We give you studies and you can earn 5 million a year. But they tell you how the study is, what it’s supposed to say and you back into it.

And I said, if I Wanted to become a fiction writer I’d go to Hollywood. Thank you. That’s right. That is the way it is. It’s legal system same way every aspect of it. Just a short break from the program to share with you an amazing peptide to help you lose weight. It’s stronger than Ozempic and why it’s because it makes not only reduces your appetite but it also burns fat. These other GLP1s on the market, they do not burn fat they just reduce your appetite. This one retrutide is stronger. It’s considered a next generation peptide because of that.

And man does this work. I’ve been using it for two and a half weeks and I’ve already lost 11 pounds and I cut my dose in half because I was losing weight too quickly quickly and that kind of freaked me out to be honest. And so I also am taking this 5amino 1 mq in capsule form. This helps by making sure that you lose fat not muscle. And so in conjunction I’m using both of these. This will work whether you have this or not and I am telling you it’s amazing. If you are interested in getting this I have the link below or you can go to sarahwestel.com on the shop you can use a coupon to code Sarah to save 10% if you have questions about your own use you should either consult your doctor or you can join Dr.

Diane’s tribe and I have a link below to that. It is only a dollar for the first week. You can ask her any question you want and get all your answers to this. How to take an injectable and there shouldn’t be any fear in doing that. It is easy and straightforward. Go to sarah wessel.com under shop or use the link below and remember to use coupon code Sarah. Isn’t this the point of your seminar that’s coming up from. I mean it’s getting to the crux of that you were talking before we got on air about a book that you wrote and you were asked to write and maybe you can explain that a little bit and how you’re going to bring it out.

Just I think it’s July 25th. Can you explain? Because I think it ties into this that whole arrogance and and it really bring you grind a country to a halt when your institutions are like this. Really I mean it really needs to change. It’s. I think you know most look, most of what I have learned comes from experience because they didn’t teach this stuff in school. As I said in school was all like he and economics business cycle is just a random walk. So because it’s random, we can move it any which way we want. And Larry Summers even wrote a piece for the Washington Post and said, nobody’s been able to forecast a recession even once since World War II.

All right? Secretary of treasury was honorary head of Harvard, and he’s saying admitting academia has failed. All right. I was asked to go to lunch by one of the top five universities. I went to see. What the heck, you know, why you were asking me to lunch. And they asked me if I would teach. And I said, I have no desire to go in some classroom and teaching, becoming a professor. But I asked them, why are you even asking me? And they said two things. One, that they had asked other people that were in the hedge fund industry or whatever, and they said, nobody wants to come back.

I said, who wants to go from dealing with the wild and crazy world to a classroom with 25 kids throwing spitballs at you? But the second thing I thought was important, which is kind of why I’m doing this conference. They said, we know what we teach doesn’t work. I said, great. That’s the first step, okay? But what you have to understand in academia, we really screwed up and need to go back to the days of the Renaissance, to be a Renaissance man. You were taught interdisciplinary things, okay? From the 19th century in the birth of Marx.

This is what screwed everything up, became specialization. So you know a lot about one subject and nothing about anything else. And like when you’re forming the G5. And the reason I wrote to Reagan, I said, you people are going to cause a crash in two years. You, you know, they don’t connect the dots. You lower the value by of the dollar by 40%. Okay, fine, you can sell more widgets, okay? But you’re putting. You’re devaluing the US Bond market, the stock market, everything. Real estate. That’s what I mean. They only see what’s in front of their nose.

They don’t connect the dots. And they looked at me like, well, never heard of that. That’s. That’s. So when the 87 crash came, I didn’t even want to go in. I had my fill of government, all right? And a friend of mine at the time, Jack Schwager, right, I think he was with head analyst at Prudential. So I had refused to go. And they started lobbying my friends, I guess, because I had written to Reagan and I made his big, you know, spiel as you’re going to cause a crash. And then when it does come. I guess I’m the guy you got to get in.

So Jack calls me and he says, marty, if you don’t do this, they’re going to come take our computers because they were spinning this idea. The 87 crash. Oh, it was because of computer trading. So, all right, so I go in and at the time I had confidentiality agreements with clients. And so I go in and the first thing you heard from an academic, we’re going to start this investigation. We’re going to find the guy that shorted this market and forced it down. I said, excuse me, do you realize that Every investigation since 1907 began with those words and nobody’s ever been found? And I said, do you understand how markets function? Well, I teach finance.

I said, that’s very nice. I said at the time, I said, I said, I have a few trillion dollars under contract. I think I know how it moves. And even by 96, when I testify before the House Ways and Means committee, I had 3 trillion under contract. That U.S. national debt was 6. Nobody’s ever had more than me. That’s why the bankers didn’t like me, because whenever they felt I had too much influence or something, but I got to see how things really do function. And you know, look, you can read the Presidential Commission report for the 87 crash.

At the very end, the best I could get them to do not blame computers, and said, we think foreign exchange had something to do with it. That’s the best. Because the next step is the government did this G5 to lower the dollar for trade, and they screwed up the rest of the world. And how did that really screw it up? You get the 87 crash. The Japanese, they had sold a third of the national debt to the Japanese for trade debt balances. So the Japanese are now forced to sell that. They then go back because now the money’s not coming back to Tokyo.

They get the boom and the concentration and the 89 crash two years later, all right, it’s capital concentration. All right, this is part of what I’m going to try to explain. You take the 98 crash in Tokyo. They were trying to get me involved in that. I said, sorry, my computer says it’s going to crash. The difference between me and them, I’m a trader, I go an analyst. That’s what I do. They think they can bribe their way into a market manipulation. So they were all in the same trade. All right, Long Term Capital Management, every bank, Goldman, they were all in the same trade.

Right? Their theory was, Oh, I dropped, you hold on, I. Hold on. You froze for a second. You said they were all in this, Goldman, and then you froze, you said they’re all in the same trade. So, so I’m going to have to piece this together. Long Term Capital Management, Goldman, all the bankers and hedge funds are on the same trade. And they thought the IMF would never allow Russia to default because they have all these nukes would then be on the black market or something like that. And I said, I’m sorry, my computer says they’re not going to do it.

And I advise a lot of the people that the IMF goes to get money from. All right, so they didn’t like me because when it crashed and they blame me for that, but because you had too much money. Did they say you had too much money in management and you were causing it? Is that what they were trying to say? Spin it in. I had given a lecture at one of our conferences in London in June and somebody from the FT had snuck in. And I said, look, the computer says Russia is going to collapse. And I give it a little more than 30 days and they put it on the front page.

Armstrong says, that is. And it shouldn’t have been on the front page. It was a private thing. Because if you put things on the front page, then people hustle out, they move emotionally move, the herd moves in the market. And then they blamed that. So yes, I got blamed for the Russia collapse by these people because I mean, they’re not traitors. They just thought, you know, we pay the bribes and we win. Okay, but you’re all in the same trade. That makes sense. Get out. Who are you going to sell to? Do you think, do you think that AI now is.

I’ve had many conversations with pretty smart people who, and I would agree with this. I tend to be a, I’m a systems kind of. I look broad and there’s no lane and I try to connect all the dots. That’s just how my brain works. I’m always looking, trying to look at the big picture and I’m working on the shelf concept for how you would actually develop AI to move in this direction because it’s, it looks at consensus and consensus is on the edge of change. Consensus is never right. Right at the edge of change, you do not get consensus.

The opportunity doesn’t exist if there’s consensus. So the edge of change, entrepreneurship, all of emerging technologies, everything does not have a consensus. So if we end up having AIs that are just consensus based, we’re kind of screwed. I mean, It’ll hold everybody back. And so it’s just not a good way to manage AIs. But the other thing that I was looking at, I kind of got sidetracked with that concept. But the other thing is that specialization, AI is so good at these specialization that the skill set of broad thinking, connecting dots, will become much more valued because AI is going to be taking those roles away.

What do you think about that? Yeah, look, I created probably one of the first AI systems. It’s got more than a 40 year track record and it’s been phenomenal. But okay, it’s confined to the database it has. It’s not going to tell you Lady Gaga’s dog’s name is all right, and it can only be as good as the data that it has. So we’ve got the best database of financial markets, not opinion. And AI can go out there and we’ll get consensus. But if consensus is wrong, it’s going to return a wrong answer. Okay, it’s a good research tool, okay, but, but it presents things as if it’s truth.

And the way that they’re sending saying things to average people is that this is fact, when really they say this is the general consensus. But there’s other things moving in different directions and consensus is never where things are moving or it’s just, it’s just so backwards. I, I’ll tell you a short story. The majority always must be wrong. And when I was in Tokyo, I was doing an institutional session and this guy bribed his way into the hotel and he comes up to me and he apologizes. He said, I just had to talk to you. I said, what was such, you know, what’s your problem? What’s the issue? He bought the very high of the Japanese stock market at the end of December 1989 with $50 million.

What I found fascinating though was that he said it was the first time he ever bought stock in his life. Now you got my curiosity. And I said to him, what made you do that? And he said the brokers had called him for five or seven years and saying, look, the Nikkei goes up 5% every January. And he said to me the brokers had called them for five to seven years saying the market goes up 5% every January. So here he buys at the end of December the very high with $50 million, thinking he’d make 5% and now it’s down like 30.

So he’s bribing to get the hell in to talk to me. So I actually met the guy that bought the high and what was fascinating, why does it crash? As a trader, you see it, you know, in the good old days, you pick up the phone, hey, where’s the bid? And there’s no bid, all right? Nobody wants to buy. Everybody wants to sell. So that’s when you get the crash. It goes down a thousand points, and everybody’s like, oh, some short player. No, it’s just that everybody’s bought. There’s nobody else left to buy more. And they start to want to take profit.

They. Some start to sell that forces the next tier. And next thing you know, you got. Instead of 90% buyers, you got 90% sellers. And this is what academics don’t understand. And in my view, you have to be. You have to have some experience to see this. All right? If you look at John Law, who’s a traitor on the, you know, the. The borscht there in Amsterdam, he’s the one that came up with supply and demand, okay? He saw it before his eyes, all right? And he called it the paradox, which Smith ends up picking up, doesn’t give him credit for, but he called it the water diamond paradox.

Water is vital. We need it to survive. We don’t need diamonds to survive. But why are diamonds worth more than water? He looked at supply and demand. That’s where this comes from. All right? There’s plenty of water. It has a utility value. Diamonds have no utility value, but they’re pretty. Well, if water suddenly didn’t have much of a supply, it would be worth a lot. Exactly. It’s worth. You know, I’ve been in Egypt, trotting around the desert when it’s 120 degrees out and you value water out there. You would pay a million dollars for a gallon of water if you didn’t have any.

But that’s where the supply and demand theory even comes from, from a trader. That makes sense. Sometimes you just have to see things. And unfortunately, the academics. You don’t get this from just reading a book. Yeah. I equate it to, like, skiing. Like, you can’t learn how to downhill ski by reading a book. I mean, at some point you just gotta go and do it. Very true. Snowplow everything else. Yeah, whatever. You gotta fall. Learn how not to fall. When I was learning, I had to throw myself because there was a whole bunch of little kids that came in front of me, and I was like, I can’t stop, so I gotta throw myself over.

Otherwise I’m gonna plow into a bunch of little kids. But you have to learn those things. Exactly. You gotta do it. You just gotta do it. So that’s, that’s what I think we’re running into when it comes to AI. And because I always doing this edge of change stuff and I’m like. And I get so frustrated with these stupid AIs. I need a better AI that, that doesn’t have all. Because they’re putting all these filters in now to, to. For the institutions, the authoritative voices, right? And so now all these authoritative freaking consensus stuff like. And I’m like, well, it’s not even, it’s.

This is a new idea. It’s where the industry’s going. Consensus is always wrong when you’re talking about that. It’s always wrong. And if you’re going to tell everybody that with confidence that consensus is where it is, you’re going to shut down. Think of all the young minds who are exploring and try to figure things out if they’re stuck with AIs that operate like that. I don’t know, I mean the language based models for AI, I mean they’re good for research. They cannot forecast, they cannot trade and. Nope. I mean, I’ve been involved in AI for, since early 20s and there were always two theories.

One makes great movies, you know, it becomes conscious. It suddenly doesn’t like you. I only like people who wear red blouses, not black. So I’ll kill you today or whatever, you know. Yeah, I mean, the Matrix things, I mean, they’re very entertaining. Okay, but I don’t see any possible way of creating a system that becomes conscious. Do you? I gotta enter. Do you think that. See, I agree with you. If it’s just purely software and stuff, it’s like, come on guys, this isn’t conscious. But if we start doing biological computers and merging people and all sorts of crap, now we’re talking a different animal, right? If you start putting chips in people’s heads and things of that nature, that I would be concerned.

It’s a different animal. Yes. Yeah. The theory was in creating a neural net. And the idea is that if you synthetically create a neural net that imit imitated our brain, say really don’t believe in God or souls or anything, that we’re just, you know, a biological life form and that’s it. So that fundamental under belief led to if somehow if we just take all this information, throw it in and shake it up, it becomes alive because they think that’s what, that’s not the way. Stuff like that. I’ve got two dog, two Frenchies, all right? They have technically the same brains, one Has a different personality than the other.

What makes that. What makes somebody, like, blue? There’s more red. You know, it’s just. There is more. It just. There’s more. I. Back in the day, back in the early 90s, I was responsible for modeling out the, you know, back for. In. In telecom, modeling out the Internet, doing the data model part of it and the people at the same time. There was a parallel activity with the supercomputer center, University of Minnesota. The supercomputers don’t really exist in the same way anymore because computers have gotten so much more advanced. But at that time, they were doing neural net during neural networks, trying to map out the brain.

And we were doing this, and they kept saying, everything you’re doing is really similar to what we’re doing, except we were modeling out the Internet and everything else, like, with everything I know, because that’s what I did. This isn’t. I’m 100% agreeing with you, is my point. Yeah, it’s. I don’t see how I can mimic it. I can teach you all the curse words. You curse at it and it will say, all right, you sob or whatever that’s not conscious. It’s going to say, I don’t. Like, you have a black, you know, blouse on today. I mean, it’s not at that level.

It could. It could synthetically look like it to an average person, though. Yes. Look, when I was working. Way back in the 80s, Dragon Systems, which is now a software, back then it was hardware and it would be a board, and I’d stick it in an old IBM XT back then. And so it would talk. My. I wrote a program to try and teach your computer how to be a politician. And I used my kids as guinea pigs. So my daughter would sit down and would say, gee, do you have a pet? Yeah, it’s. The name is Fluffy or whatever.

And so next time she comes back, oh, how’s Fluffy? Always remembered, you know, so she was, like, so impressed one day she came home from school and I had it apart. She starts crying, you killed it. I said, no, I didn’t kill it. It’s okay. All right. But she’d bring her friends over. Well, my computer talks. Why doesn’t yours? You know? But she didn’t realize that I was, like, on the cutting edge of all that stuff back then. But it’s writing a report that it. The program would have a conversation with her, and then if it didn’t know, it would just change the subject.

Like a politician. Oh, look at the bird over There, you know, it’s. But it was good enough that convinced her that it was alive. Yeah, yeah. And it’s not hard to do that but. And to make it some point where it suddenly becomes conscious and I don’t like you today, so I think I’ll kill you. You know, I mean, it’s good for Matrix movies or something but the only way you can do it is when you start merging biology and computers. And now we’re talking a whole nother animal. That’s where it gets scary. Yeah. Look, I wouldn’t bet that it would still do that.

But there’s the risk of it. Once you, if you put in. If you just created a biological network. I’m not sure. But if you start taking a chip and you’re sticking in people’s heads, that’s a different situation. And if you use AI to control thoughts and you’re. I mean, there’s some pretty advanced stuff out there. Oh yeah. No, it’s, it can get really. But that’s not the same thing as an AI being sentient. You know that I, I agree with you 100. Yeah. I just, you know, I’ve been a programmer since the late eight in my teens.

I mean, so I, I just don’t know how to do it. I mean, I don’t see it’s how that is possible. Why would I even want to do that anyhow? I don’t know. That computer suddenly doesn’t like me so it’s going to zap me or something. You know, it’s. I don’t know. I’ve just never seen where that is possible. I think the biggest danger with this stuff is that people think it’s, it’s the information returns is correct. And if it’s searching the web and it’s going to come up with a website which is fake news, it’s going to report fake news.

It, it has no, it doesn’t know comprehension. Yeah. If it’s real or not real. And I think that’s the real issue here. I mean, Nigel Farage came and spoke at our 2019 conference and he stood up and he said of course I’m here. He’s the only one that forecast that Brexit would win. Every newspaper in London was putting out the propaganda Brexit would lose. And my computer said no, sorry. So that’s the same thing I saw in trading. So you had all these guys think IMF and they can rig it to make a fortune in the newspapers, all anti Brexit.

That’s not where the people Are. They’re trying to influence them. Fine, but that wasn’t the real issue. It’s the same thing that you see with. I mean, you take Starmer, McCrone and Mertz. Mertz is, is the. The most unpopular, you know, chancellor of Germany in history. Almost three have been pushing for war. Why? Because all three know they’re in trouble. Well, and they’re in trouble. But their industrial, military. Industrial. That’s their industry. And they need to feed their industry to prop up their economy. That’s what you mean by that? Well, there’s another layer to it. They believe that in time of war you don’t change horses in midstream.

It’s a psychology of keeping the same leader so that we don’t. That’s what they. And that began like with FDR and stuff like that. You know, they’ve. They’ve looked at those things and view that that is. I mean, that you could search and you find out creating a secondary or a. A diversion. It’s been going on since ancient times. It’s not me, it’s him over there. It’s you. Take the tenth commandment of it says, thou shalt not covet thy neighbor’s goods. Socialism base. That’s Marxism. That is. That’s absolutely Marxism. And it goes back even to Sumerian law, Babylonian.

So the fact that it’s. It’s in the Ten Commandments shows this is a human nature problem. It has existed for thousands of years, you know, as part of our psyche, whatever, you know, and they sell it good. They sell it good. You know, your life would be better only because he’s got more money than you. So that’s not fair. What’s it, you know, and vote for me. I’ll get it from him. But do they ever give it to you? Never goes in their pocket. Everybody. All boats sink. Instead of all bullets floating, all boats go down together.

But, you know, obviously, even if you look back at the Peloponnesian War, Sparta was a communist state. They never even issued coins because they didn’t want people to accumulate wealth. Athens was the city of liberalism, art, etc. Athenian owls were like the dower of the ancient world that everybody was using them. So Sparta was a communist state. And this is what influenced Marx, you know, and it goes on and on. I mean, so this is nothing is. Is new. When I’ve looked at, you know, I’ve read Marx and what I’m more curious about, how did he arrive at that conclusion? You know.

And then when you start digging, you see, this has Been around for a long time. He didn’t, you know, give birth to it, but in selling it, the left always says the same thing. You’re the victim. Vote for me. And, you know, one of the things I’ll say at the conference is that, look, I probably have been advising more governments than anybody in history, probably, and I haven’t seen anything different. They’re all the same. I don’t care what you call them. Plato wrote a book cover. In his book, he covered a debate between Socrates and a guy named Thrasymakis.

And Thrasimachus debated him and said, there is no justice. Justice is defined by those in power. And he expressly said, it doesn’t matter if it’s a monarchy, democracy, dictatorship. It’s always, they decide what justice is. He said that over 2,000 years ago. Nothing’s changed. It’s too bad, because there is something of justice. If you actually looked at, we do know there’s a right and wrong, but he’s absolutely right in the fact that justice is. Whoever’s in power decides what it is. You can go to armstrongeconomics.com and you’ll see all the, we’re trying to keep it basically a cost that’s like tickets are like 250 or something, cost 10, like 10 grand just to get a room anymore.

We’re not doing. I’m gonna try to go, I’m gonna be, I don’t, I can’t guarantee it, but I’m gonna try. I just found out about it. I, I, My weekend’s open. I think I’m gonna try to get there. It should be interesting because I’m going to try and go over a lot of the craziest stuff that certainly, that they don’t teach in school. And I’m hoping that maybe it will eventually help, you know, change academia to some degree. And because I’ve seen it all live. When we even opened our office in China, our guy there got called down by the head of national security for China.

We were like, oh, I’m sure he needed diapers. You know, he gets in there, and it wasn’t a bureaucrat. He was called by the head of China, and he got in there. I was like, you know, you know, Mr. Armstrong, he goes, yes. What’s he say about China? That was it. We got offices there. I mean, we’re not blocked. Everybody knows. It’s, it’s, what we do is independent. It’s not partisan. So I think, you know, we try to contribute as much to the world as possible that way, listen to everybody’s view from each side. So people can go to martin armstrong.com they can sign up there.

I will maybe be there likely July 25th. And how long is it? Is it like an all day seminar? Com armstrongeconomics.com it’s up there on the screen. People can see it and there’s a link below to where to go. This is always so much fun to talk to you, Martin. I love it. It, I love talking to you. So thank you. Well, you’re, you’ve got a brain to do it, so I appreciate that. You’re, you’re not a one play person. So you connect the dots, which is very important. Makes a difference. When you’re having conversations with somebody that actually is talking about world economics, you need to at least be able to connect some dots.

So I appreciate you and everything you do. People should sign up for that seminar if they can. They can see it online too, right? You have some online access, Martin. Online streaming because it’s, it’s too costly. So we’re trying to keep this really at break even. But there will be a video available afterwards. Sa.
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