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Tom welcomes back Martin Armstrong from Armstrong Economics for a discussion on the never ending news cycle. Martin begins by reflecting on the current political landscape, comparing it to the challenges faced during the first Trump administration. Armstrong highlights how President Trump has learned from past mistakes, particularly in assembling a cabinet that is not tied to the "deep state." This shift, Armstrong argues, is crucial for enacting meaningful reforms.
The conversation then turns to government waste and corruption, with Armstrong referencing specific examples of misallocated funds, such as support for a transgender opera in Columbia. He emphasizes the importance of transparency and accountability, especially given the staggering levels of debt that governments worldwide are accumulating. Armstrong warns that the current system is unsustainable and that a reckoning is inevitable when buyers for new debt no longer exist.
Armstrong also delves into the global reserve currency status of the US dollar, explaining how its dominance emerged post-World War II. He discusses the manipulation of economic indicators, such as CPI adjustments, to hide the true state of fiscal health. Armstrong's firm has successfully forecasted economic trends and events, including Brexit, by focusing on raw data rather than political narratives.
The interview then shifts to geopolitical tensions, particularly the conflict in Ukraine. Armstrong critiques the handling of the crisis, arguing that it is being used as a diversion from deeper economic problems. He suggests that the war serves the interests of certain European leaders who seek to weaken Russia and strengthen their own power. Armstrong also touches on the potential consequences of tariffs and trade policies under Trump, warning against the risks of contagion in global markets.
He further discusses the Epstein files controversy, suggesting that the case is more about political manipulation than mere scandal. Armstrong posits that Epstein's activities were likely part of a broader espionage or blackmail scheme involving high-profile individuals.
Finally, Armstrong offers advice to listeners, urging them to pay attention to developments in Europe and the flow of capital during times of conflict. He emphasizes the importance of understanding global economic trends and avoiding the pitfalls of mainstream media narratives. The interview concludes with a call for critical thinking and awareness of the complex interplay between politics, economics, and global security.
Time Stamp References:0:00 - Introduction0:34 - Trump & News Cycle3:18 - Government Waste7:52 - Leadership & Information12:12 - Trump & Mkt. Optimism?18:30 - Resource Deals & Peace23:10 - Europe Preps for War30:43 - Capital Flight & War35:08 - European Basket Case36:34 - U.S. 'Monetization'42:53 - Creation of the Fed47:00 - Fed Can't Stop Inflation49:12 - A Global Perspective53:05 - Trump & Tariff Impacts57:50 - Canada - U.S. Takeover?1:01:43 - Epstein Honey Trap1:09:37 - Watch Europe & Ukraine1:13:20 - Wrap Up
Guest Links:Website: http://armstrongeconomics.comTwitter: https://x.com/strongeconomicsFacebook: https://facebook.com/martin.armstrong.167Amazon Book: https://tinyurl.com/ybtrslr9
Martin Armstrong is the Owner and Researcher for the website Armstrong Economics. He is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.
At age 13, Armstrong began working at a coin and stamp dealership in Pennsauken, New Jersey. After buying a bag of rare Canadian pennies, he became a millionaire in 1965 at the age of 15. He continued to work on weekends through high school, finding the real-world exciting, for this was the beginning of the collapse of the gold standard. Martin became captivated by this shocking revelation that there were not just booms and busts,
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