Fall 2015 Turning Point-Civil Unrest and Riots-Martin Armstrong

4By Greg Hunter’s USAWatchdog.com  (Early Sunday Release)

Legendary financial analyst Martin Armstrong says the world is going to be hitting a major “turning point” this fall.  Armstrong says this is the end of a 300 year cycle and contends, “This appears to be a peak, as far as governments and bond markets are concerned, and from there, we are going to be turning down.  We are in a lot of trouble with most of these governments.  Our models say that by 2020, the amount of interest we pay . . . will exceed the entire defense budget.  So, this is pretty serious.”

Armstrong says his model marks the actual turning point on October 15, 2015.  So, what’s in store?  Armstrong says, “First, you get the deflation, and then, you move to the inflation.  It’s kind of like a pendulum–it swings to the extreme to both sides.”

So, when the government bond bubble pops, what happens to people getting a government check?  Armstrong says, “That’s the big problem.  They’ve wiped out pension funds all over the place.  That’s the danger of civil unrest, and that’s what our computers have been warning about as well as very serious sharp riots and third party activity for 2016. . . . When governments are broke, they come after us.”

Will the Fed finally raise interest rates?  Armstrong contends, “The Fed will have no real choice. . . . The Fed will come under significant pressure to raise interest rates because the newspapers and Congress will blame them and say they are creating a bubble with low interest rates.  The more they raise interest rates, the higher the stock market will go.  I know that sounds crazy . . . historically, interest rates bottom with the markets.  I mean, you lose confidence and people won’t borrow.”

Will rising interest rates kill the bond and housing markets?  Armstrong goes on to say, “The bond market, yes, it will accelerate the problems as far as other foreign countries that have issued dollar based debt.  The emerging markets will get like Greece.  So, we have a serious worldwide problem going on here.”

So, when the Fed starts raising rates, will some currencies collapse?  Armstrong says, “Sure, this is what’s pushing the dollar up.  Most people don’t realize that the dollar is the only real game in town.  In Europe, you see the difference in the mentality there compared to the United States.  In the United States, we are still in a fog; over there they feel the pain.  What are they doing?  They are basically selling all the euro debt everywhere, and they are buying the German debt.   It’s not that they think Germany is fantastic, but they are assuming that the euro is going to fail.”

On gold, Armstrong says, “Gold rises when people lose confidence in government.  It has nothing to do with inflation.  So, when you start to worry about government is not going to survive or who’s going to win, that’s when gold rises.  Short term, we still have the risk of it going under $1,000 per ounce.  It’s going to flip when everything is right.  It will probably max out at $5,000 per ounce. . . . You are really talking about a major reset coming.  300 years ago, that was the revolutions against monarchy.  Today, it’s going to be revolution against . . . pretend democracy.  We do not have a democracy.”

Armstrong says you can forget about the U.S. dollar crashing in value.  Armstrong contends, “No, that’s absurd.  The euro is in terrible shape.  The yen is in terrible shape, and honestly, you can’t park money in yuan or Russian rubles yet.  I mean, let’s be realistic here, but eventually– yes.”

In closing, Armstrong says just a few percentage points in rising rates are going to cause big losses and big changes.  Armstrong predicts, “People will be losing huge money.  We are looking at a few percentage points, and you are going to blow the national debts of all these countries way out of whack, and that’s what’s going to force political change.”

Join Greg Hunter as he goes One-on-One with Martin Armstrong of ArmstrongEconomics.com.

(There is much, much more in the video interview.)

After the Interview:

On March 28, 2015, Martin Armstrong put on a conference where he talked more than three hours on multiple issues he sees coming.  If you would like to buy the video presentation of the conference, you can do so by going to ArmstrongEconomics.com.

(USAWatchdog.com receives zero compensation and provides this link as a courtesy.)

 

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Comments
  1. John Law

    Law enforcement is ready for the uprising to start. I am perfectly willing to make examples of folks who want to try something just as the rest of my brethren in blue are, The population needs to understand that we dont take prisoners and just to clarify we are now equal opportunity law enforcement officers. There has been a lot of press that we are and have been targeting black targets so sorry now sorry to you white guys. That means you have to take your share. So if you see red lights flashing, you better be on your best behavior because any sign of disrespect will be taken as an assault to our being and WOE UNTO YOU SIR ! I will surely warn you people that when we have a subject in custody the volume gets turned way up! Once a blow is struck and the adrenaline is pumping, all I want to do is strike another blow ! A broken jaw ! Knocked out teeth ! A couple of broken orbital eye sockets ! Concussions ! Fractured skulls ! And if a shot is fired, I will empty my service weapon and relaod for a chance to do it all again ! Listen to all instructions and COMPLY ! Otherwise, this year may be your last ! We don’t @#$% around ! Civilians obey or people die ! Dont assault law enforcement. Bad MOVE !

    • Greg Hunter

      John Law,

      What department or agency do you work for? (Folks be careful answer this guy as I think he is leaving a comment like this to see if he can get violent responses. Don’t fall for it be cool and play nice as you always do here.) By the way, I would never try to hurt a police officer, and I am always respectful. Everyone should be respectful to each other.

      Greg

      • JC Davis

        Greg too those I say come on in, take your shoes off… sit a spell.
        Yall come back now ya hear. Southern hospitality from the volunteer
        state.

      • diane

        I agree with Greg …..this is a trap

      • Jerry

        Greg, don’t you get this guy? The pressure of the economic breakdown is beginning to take its toll. Its like putting peas and nuts in a can and shaking it. The nuts always come to the top.

      • Snorky

        Real or not, this *cough* peace officer needs to get professional help.

      • Al Hall

        Greg: DHS has made cops this way, no all, but a lot of vets are coming back trained this way. DHS has corrupted some 28,000 pastors to keep the population calm. Why?? Because the government has gone over the edge, just as Martin has said.
        My only difference of opinion with Martin is: I’ve been told by an insider and I’ve said it here before: If it printed on paper, it’s worth only the paper it’s printed on!! This is straight from the elite’s that tell government what to do and say!!!! We are now a FASCIST nation, people better realize what they are facing, most of your readers do. The rest will be slaughtered.

        al

      • Jerry

        Greg,
        I didn’t want to comment again, but I felt I had to. This guy (John Law) is a poser. Most of the law enforcement officers I know would never speak this way on a public forum. Their job is hard enough, without driving a wedge between them and the citizenry. In order to protect and serve effectively they must have the support from the local community, and they know it. In fact many I know have told me that if the Federal Government ever ask them to turn on the American people, they would turn in their badge.

        • Greg Hunter

          Jerry,
          I think no self respecting law enforcement officer would think or talk like that. I have one rule when the police stop me: “Never argue with a man (or a woman) with a gun.” It has never failed me.
          Greg

      • RADibble

        Greg,
        Unfortunately this guy has a cocky attitude that is all too common. If you’ve ever been in a real world battle situation you will always see them fall first because of their own cockiness. Their own over confidence is their demise.
        As for them accepting southern hospitality, I know some of these guys who boast of their southerness and are still fighting (as they see it) the war of northern aggression. What’s even more frightening is that some of these are currently becoming peace officers (so called) as we speak.

      • brian

        Yeah Greg, this guy is obviously not a police officer, you should probably just scrub the comment off your board…its just silly.

        • Greg Hunter

          Brian,
          The trolls are revealing though, aren’t they? I have the smartest people on the net reading this site and “Law” is no match for you guys.
          Greg

      • trident888

        Greg: The “tell” that this guy is a fraud lies in the following sentence he wrote in his nutty screed: “So if you see the red lights flashing, you better be on your best behavior ….” Red police lights went out of out of style 20 years ago. Police lights have been blue ever since. As they say, “credibility is won in inches and lost in yards.” What he wrote has zero credibility. A wonderful interview with Mr. Armstrong, needless to say. Best regards.

        • Greg Hunter

          Good point 888! Thanks.
          Greg

      • Luke

        Internet Troll Alert!

    • Galaxy 500

      John Law…hahaha, Greg, this is some mall security guard dreaming of being relevant. In the mean time, he tells teen to move along. John, did the Sheriff take the one bullet they let you carry in your shirt pocket? If you look close, you’ll see its calibre doesn’t match your gun.

      • dchayden

        I agree with G500 on this one. There are nut jobs in every work force, including first responders. However, I do not think for one minute this person is legit. I call bs on this one.

    • t

      Not afraid

    • Grafique

      I very much doubt that John Law is an actual LEO. I have a label for him, but since I’m a polite man I won’t use it; I’ll just use another label:
      POSER

    • blt

      6 dead 25 wounded in chicago this weekend….mr. Law, i think your “bravery ” is needed elsewhere. Be a real cop and go stop real crime, unless of course your scared……

    • Steve

      Well, how to they say, live by the law die by the law.
      Who was it who said, maybe bob chapman who passed away, that there were 70 million armed vets around. Some are tv glued, some are aware I’m sure. Parts of the military don’t like this whole police state thing. What was the armed count in America, 230 m armed households. If this is not accurate I recall it was very high. Not all want to be bullied either by men in blue.
      anhow, just adding some perspective. part of me thinks this was a satirical blurp out of comedy central, but if real mr. law might need the law to defend him.

    • Art Barnes

      Unfortunately too many police officers in our modern militarized police forces will shoot at will and follow orders no matter what they are; remember the Romans carrying out killing all the Jewish children under two, they were just following orders as well as Hitler’s police fores, among many more historic police forces comes to mind. Whether this is a real officer or not, he speaks of the issue of the growing number of our modern militarized police forces who do & will take American lives without hesitation or moral considerations, ordered to or not. Fortunately, people with no moral character and respect for life or of the Constitution in our military & police forces are still a rather small minority; albeit growing enough for concern. Fear not my friends, this rather crude person, police office or not, sparks a real debate we should be having; the militarization of our police forces!

    • Brandon

      As a police officer myself, I can only hope you work for my department so I can resist you, oppose you, expose you, and see you prosecuted. The type of thuggery you portray in your post makes me doubt that you are truly a LEO. I do not know a single officer in my department or any surrounding departments that has your mindset. Police officers take an oath to defend the constitution, and as sheepdogs we are to defend our society against the wolves. And you are the wolf.

      • Greg Hunter

        Thank you for your public service Brandon. “Law” is no cop just a troll!
        Greg

    • Rob

      Hi Greg and John!

      Your right Greg we must be respectful and show John the love and grace Jesus would:

      Matthew 5:44 but I say unto you, love your enemies, and pray for them that persecute you;

      He does not understand he is being used to persecute those Christians who think we are allowed to rise up in defense of their perceived patriotic rights:

      Romans 13:1-2 Let every soul be in subjection to the higher powers: for there is no power but of God; and the powers that be are ordained of God. (2) Therefore he that resisteth the power, withstandeth the ordinance of God: and they that withstand shall receive to themselves judgment.

      Please before you people scream foul and respond in the heat of your flesh take a little breather and read why God put us on this earth to learn to die to this life so as to receive eternal life with the Father and His Son:

      http://www.ubm1.org/?page=swordorcross

      Love in CHRIST! Rob

    • eddiemd

      Law enforcement can never be ready for what is coming. Your battle is not against the citizens of the world but against your handlers; those who follow demonic forces in the highest levels within the spiritual realm. You must be willing to sell your soul to Satan. If you are willing to murder the innocent then you will reap the vengeance of God. See how that will work out in the end.

      Spiritual laws means nothing to the troll who posted this. It is good for Greg to post this type of statement because it allows the public to get a glimpse of the mindset of the psychopaths who are in charge. This troll gives an honest view of the highest levels of thinking within the degenerate leadership of the world.

      Remember that those in charge of this end world destruction see you Mr. John Law as a pawn to be used up and spit out. Your life means nothing to them. Neither does the lives of your loved ones. If you choose to serve Satan, then you will not escape the judgment to come.

      Philippians 4:6,7

      “Be careful for nothing; but in everything by prayer and supplication with thanksgiving let your requests be known unto God.
      And the peace of God, which passeth all understanding, shall keep your hearts and minds through Christ Jesus.”

      Romans 2:2-6

      “But we are sure that the judgment of God is according to truth against them that commit such things.
      And thinkest thou this, O man, that judgest them which do such things, and doest the same, that thou shalt escape the judgment of God?
      Or despisest thou the riches of his goodness and forbearance and long-suffering; not knowing that the goodness of God leadeth thee to repentance?

      But after thy hardness and impenitent heart treasurest up unto thyself wrath against the day of wrath and revelation of the righteous judgment of God;
      Who will render to every man according to his deeds:”

      The wrath of God; unimaginable anguish and tribulation. This is what the soul of the writer of this post faces.

    • paul

      Peace on Earth and brotherly love to you too John … so what happens after you gun down all those people who have just a “slight problem” turning the other cheek … and you are left with people “just like yourself” who won’t take any bullshit … then imagine … if you have the ability to imagine … what happens then? … Do you simply buy more military surplus … how about some surplus F16’s and cruise missiles … even better the police should get some surplus nuclear weapons to keep the American people in line … do you have a Nazi Swastika on your police uniform underneath your bullet proof vest and helmet? … and after you round up all the American people for “personal extermination” at FEMA concentration camps … and only you and your kind are the only people left … do you really think planet Earth is then going to be “a nicer, kinder and better place to bring up your children”??

    • jimp pooley

      Jabba jumpie, smoogie tumper

      • Greg Hunter

        JIMP,
        I don’t know what this means, but I’ll post it because it doesn’t look offensive.
        Greg

        • aussie jeff

          Hey Greg, I took the time to look into jimp pooley’s comment,
          I thought Cryptic Little sissy would have been able to decify it for us alas she is no where to be seen when you really need her.
          So here go’s.
          Jabba….. is a slug like alien appearing in star wars
          jumpie….. sudden starts, jerks, or jumps
          smoogie….A 14th century Sumerian deity who was notorious for his promiscuity among woodland creatures.
          tumper…. has evolved from the word thumper,which is slang for “club banger”
          So with that being said, jimp seems to be telling us that he is a
          promiscous club banging slug that is known for jumping woodland creatures.
          Of course this is open to interpretation however the evidence seem’s overwhelming.
          I rest my case!

          • paul

            I love it … btw what happened to our Cryptic Little sissy?

            • Greg Hunter

              Paul,
              She told me that I had to do what I had to do and she will do what she has to do. GONE POOF. She can do what “she has to do” somewhere else. I will not put up with cryptic threats to me or any of the folks here. Non of us needs to put up with that. I probably let her go no commenting too long. CLS did not add any information to the site-only uneasiness. Poof!
              Greg

        • julie

          Greg
          Armstrong seems to skirt your crucial
          derivative questions. I have heard Armstrong was one of the early players in derivatives. He acted as though derivatives would not be a problem for the US banks because they will just redefine what a derivative is and not pay coverage. To me redefining will result in lots of law suits on broken derivative promises and hurt confidence In the system. Later he said that the European bank derivatives would be a problem. He talks about everything being connected so why dont the US banks also have ties to European derivative problems?

          Next time you interview him ask him why he isn’t concerned with huge amount of US derivatives?

          Armstrong’s practice of comparing the performance of an asset that just completed a bull market to one that just started a bull market is not useful.
          Armstrong always uses the example of the bull market for financial assets beginning in 1980 to rationalize why you should not own gold. He is correct that 1980 was the time to switch to the new bull market in stocks. Gold had just finished it’s bull market during the inflationary 1970s and stocks were cheap. So of course the rested new bull market of stocks will outperform the old bull market in gold post 1980. Using Armstrong type reasoning you could use the 1970s a reason why you shouldn’t buy stocks and should buy gold because gold did better in the 1970s.

          The truth is you buy stocks when they are in a bull market and gold when it is in a bull market.

          The question is if gold is going into the final stage of its post 2000 bull market after the healthy 2011 correction. Bond money looking for a place to go can fuel it.

          His point that people will move out of bonds makes sense as that bond bull market has run since 1980. A huge amount of bond money will look for a place to go. Some will go to stocks but some will go to gold also. I think he was late to the beginning of the 2000 gold bull market and he may be late to gold’s recovery from its 2011 correction. That smart exiting bond money may come to gold sooner than Armstrong is saying. Your prior interviewee Charles Nenner is now looking at gold. Better too early than too late.

          • Greg Hunter

            Julie,
            Thank you for your analysis and comment.
            Greg

          • Silence is Golden

            Julie,
            Bond Money looking for a home can also go to CASH given the bubble in Stocks, Real Estate, Fine Art and Jewellery. Remember CASH is KING !! The risk is a loss of PP….not capital.
            Otherwise you make some very valid points.
            Both Stocks and Bonds started their respective BULL markets in 1980….was MA correct ?

          • Jack

            Julie,
            I agree with you that Martin is only giving us half of the story. First, we as citizens are under open attack from the banks. This is evidenced by JP Morgan announcing that they will no longer allow cash in safety deposit boxes and Citibank saying that all cash has to go. This means that they have run out of areas from which they steal money. With all cash deposited they are free to wipe clean any reserve funds that the citizens have and insure that they have captivated all financially. Second, all derivatives, in their hypothecated glory, will disappear as there is no chance of them ever being redeemed or funded. Third, and most important, the survivors will be those companies with strong assets unencumbered and commodities producers including oil. Yes gold will end up around $5,000 an ounce, but it will sky rocket on emotions prior to settling down at the $5,000 level. Where it will top out is anyone’s guess. The silver ratio will jump to at least 25-1 or may even hit the 15-1 level that it has enjoyed historically. This is why silver is the better of the 2 metals in my opinion. It will also be easier to spend/sell in small quantities. Greg, thank you for bringing this issues to light. Bless everyone in their endeavors to survive our own leadership.

    • Janet G.

      john

      Don’t know if you’re a troll or not. Don’t really care. I have made this statement before, but like everything else no one listens. When a police officer is aggressive as you suggest I think rather than bringing just a financial suit against you taking taxpayer money, that it should be preceded by a personal suit against you. Meaning. Take away your house, your car, your boat, your bank accounts and any and all investments you may have. Leave you with your Christmas lights and a pair of jockey shorts. You would see police militarism end tomorrow.

    • supreme allied commander

      We will not mourn your death you tyrant filth.

      • Greg Hunter

        SAC,
        I don’t think John Law has anything to do with law enforcement. I think “Law” is a paid troll that wants to incite malice between cops and citizens. The majority are good people just like us. The cops I know would never talk the way he does. If Law is a cop, then he needs a psych evaluation and treatment. He represents a liability to any department and to the public.
        Greg

    • Terry

      John Law, [if that’s your real name] You will be the cop I will not stop to help when a gang of trash is stringing your entrails along the highway. Good luck buddy. What’s your mom making for dinner tonight?

  2. James Sullivan

    Greg, while awaiting the video, i checked out ZH and watched the police snafu in Cottonwood AZ. It made me sick The family was not prepared for the violence of the police… but my friend, the more we see this kind of jackboot policing, the more prepared ordinary people will be to face violence with violence. The fat lady is off wings, tuning up her voice.

    • mark

      Good call,Greg a paid troll….!!
      Don’t stop your work,
      Mark

      • Diane Ryan

        Right Mark. Truth is the best bait to bring Trolls out of hiding. USAWatchdog is making The Establishment very nervous.

    • JMiller

      The Gaver family was in the wrong. They are the ones that started to get physical with the police including throwing punches. I have no problem with the police protecting themselves especially when someone is trying to grab their gun.

  3. Gerty

    Will we soon have one government for the whole world?

    People of all nations united by one world government

    How could a world government unite people of all nations? Isaiah 32:1, 17; 54:13

    Imagine how a world government could benefit mankind. Today many people suffer because they are so poor, while others are very rich. But a compassionate world government could make sure that all have what they need. Do you think humans will ever create such a government?—Read Jeremiah 10:23.

    Throughout history, governments have failed in many ways to care for their subjects, especially the poor. Some governments are cruel. (Ecclesiastes 4:1; 8:9) But Almighty God has promised to provide a government that will replace all others. Its Ruler will really take care of people.—Read Isaiah 11:4; Daniel 2:44.

    What will God’s Kingdom achieve?

    Our creator has chosen an ideal world Ruler—his Son, Jesus. (Luke 1:31-33) As a man on earth, Jesus was interested in helping people. As King, he will unite people of all nations and relieve people of all suffering.—Read Psalm 72:8, 12-14.

    Will everyone accept Jesus as Ruler? No. But our heavenly father is patient. (2 Peter 3:9) He is giving people the opportunity to accept Jesus as Ruler. Soon, Jesus will rid the earth of bad people and will establish peace and security worldwide.—Read Micah 4:3, 4.

    Prepare for it, plan on it and the “Only Thing We Have to Fear Is Fear Itself!”

    https://www.youtube.com/watch?v=6EuAZsz_z_U

    • Silence is Golden

      Hate to disappoint you Gerty …..”soon have one government for the whole world”…..
      we already do in the form of the UN. Just like we do with the Elites’ Central Bank (BIS) based in Basel Switzerland…the Godfather of Banks and the controller of the world’s monetary system.

      • allen ols

        sig,jerry,colin;

        What/how does a bond market crash look/work start to finish, and is bond market crash same as dollar/derivative crash or do they happen at different times, short period vs longer period of time?

        • allen ols

          ….also use simple words pls.

        • Silence is Golden

          Allen,
          Short answer I honestly don’t know. There is a lack of historical account of Bond Crashes….so we are in unchartered territory. What brings about a crash in Bonds….could very well be the swift and substantial move in monetary policy….i.e. material hike in interest rates. Bonds crashing implies prices are falling precipitously whilst yields are rising. Bond holders sensing a loss of capital would make for the exits at the same time….analogous to the water flowing over Niagara Falls trying to find its way through a 1/4 inch pipe. This implies Bond sellers are wanting to exit their Bond holdings with a view to place the capital in a “Safer” asset class. They will be left with the proverbial dilemma at that supposed moment …given where real estate and Stocks bubbles are at. That leaves CASH. Selling bonds infers buying dollars. The opposite of when one buys Gold …selling dollars. The demand for dollars would be unstoppable. The rise in the USD to date has been somewhat orderly….I would hate to think what a bigger tremor in Bonds would equate to.
          The biggest unknown for me would be the fact that investors have been conditioned with the ZIRP policy and really do not understand the “normalised” cycle. In any event …if there is any ounce of truth in what the FED has been warning about …you would expect a flight out of Bonds well before the witching hour … JUNE 15.

          • allen ols

            SIG

            GREAT POST, JC AND I WILL DISCUSS IT.

    • T Stamps

      It’s called socialism and it rarely works!

    • Janet G.

      Hey Gerty

      Do yourself a favor. Go back to each and every book of the bible that you have ripped out. read the background, the history of the entire book what was going ON AT THE TIME. Understand the TRUE MEANING of each and every verse in ITS CONTEXT. Stop interpreting the bible for yourself.

      • Gerty

        I’ll do that Janet and maybe you can help fill me in on what you found in those books too and what hope we can have, in the not to distant future?
        ____________— New Living Translation

        “As iron sharpens iron, so a friend sharpens a friend”◄ Proverbs 27:1►

        _______— http://biblehub.com/proverbs/27-17.htm

  4. Grafique

    I wonder what Mr. Armstrong will say on October 16 when the can has been kicked another six months or a year down the road.
    Sure, the Keynesian economy is unsustainable, but setting dates is such a bad move. If you’re not right you risk losing all credibility.
    Maybe he already has his excuse worked out.

    • Greg Hunter

      How do you know he’s wrong? Guess we will find out this fall.
      Greg

      • Grafique

        Maybe I shouldn’t have said “…when…” – I should have said “if”. But having read Mr. Armstrong’s work for a long time, my opinion is that he’s no more a prophet than any of the others out there who point to this or that date as the tipping point.
        As you said, Greg, we’ll find out this fall. But you know what they call a man whose prophecies don’t come to pass –
        a false prophet.

        • Greg Hunter

          How about a bad guesser, like a weather man?
          Greg

        • John A. Seed

          Grafique I don’t believe in if anymore!
          https://www.youtube.com/watch?v=AY-2einPmd4

        • paul

          Greg/Grafique … I don’t think we have to wait until fall … consider that April 2009 was the last time China disclosed its gold reserves (they said they had 1,054 tons) and that
          China mines its own gold and “saves it all” … producing about 375 tons per year.
          China also buys in the open market about half of all the gold mined in the world each year (approximately 1200 tons per year).

          So in the last 5 years since 2009 … China has added about 8000 tons of gold to its reserves … therefore today they must own a bit more then 9000 tons … while the US now only owns about 1000 tons!

          As the US only has 1000 tons of gold to back up all their US dollars … while China has 9000 tons to back up all their yuan … (“conservatively” assuming there are as many yuan in the world as there are US dollars) … this means every single yuan is backed with 9 times more gold then a single US dollar … and therefore a $16 US dollar one ounce silver coin should currently be seen by China to have about nine times more value … or about $144 US dollars.

          Armstrong just stated “the only way out” is a “reset” … Rickards has stated “if the amount of gold that China owns were suddenly revealed” … “that unveiling in itself could trigger the collapse of the US dollar.”

          Well on July 7, 2015 China is scheduled to reveal to the IMF and the world exactly how much gold it has in reserve … so isn’t it logical for the Fed … in anticipation of such a revelation by China (that could collapse the US dollar in July) … that the Fed begin raising interest rates (by June at the latest) in order to strengthen and brace the dollar against any sudden collapse! … and thus Mannarino saying “interest rates can’t be raised” may be underestimating the importance the Fed places on “protecting” the US dollar!

          • Terry

            Paul, How are the dollar or the yuan “backed” by gold? They are not at this time.
            It is the idea that someday soon currencies will need to be “backed up” with something more tangible than the oaths of proven liars that is the promise of PMs. In this respect, yes, China is wiser than the US. Your comparison reflects reality and that is seldom taken into account by US leadership. That is also why I’m not worried by having a few gold bars and silver coins in my sock drawer. I don’t expect to get rich. But I do expect to keep the value of what I have.
            I have some experience in antiques and I can tell you this; In order for something to become fashionable in the antique business it had to A; Have once been plentiful and very common like butter churns and spinning wheels and Model Ts. B; It has to fall from favor and be nearly all destroyed or cast off as junk. C; It’s true beauty and value and function must be fondly recalled and the survivers are then treasured. This is why “modern” women now just love spinning wheels and butter churns and wood burning enamel kitchen stoves. These things did not change their nature. People did.
            Like guitar players and old tube amps. Like hot rodders and Holley double pumpers. We go back to the things we know that worked,not only well, but very well indeed.
            Like savers and gold and silver.

            • paul

              Terry … That’s why I hold on to my 1969 Old’s 442 and 1990 C4 Corvette … the Old’s is already worth twice what I paid for it brand new! … you don’t think I’m going to ever take US fiat paper (not backed by gold) for these beauties … Yuan “perhaps” but only when China officially backs their currency by gold!

              • Terry

                Paul, Good taste in classic rides! Myself, I have a 64 Cyclone and a 60 Falcon for drag racing. Also a 72 HD XLCH. Like your Cutlass, these things have been through the “cycle” I spoke of many times. Most “car guys” have no idea what a 64 Comet Cyclone is. They made 7,454 of them in 64.
                Your top end Olds hot rod probably cost about $3800 in 69, am I right? How much gold would that buy then?Was it still $35 an oz in 69? Was there even a market?
                If that 442 is nice, it’s worth a hell of a lot more than twice what it sold for new.

        • Art Barnes

          With an open mind I say the elite are much more resilient than Mr. Martin has given them, however, having said that, I’m preparing for that cold day in hell!

          • allen ols

            AB

            🙂

      • diane

        I saw his Movie The Forcaster in Pasadena, California. It was amazing.
        This man must be on the right track or the Government wouldn’t have done this to him. They wanted his Socrates system .
        I think he is the real deal and sure hope he will influence these governments. He may just help save the world. I’m a pretty fair gambler…and I’m betting on Martin and Socrates.

      • Galaxy 500

        Martin Armstrong has been wrong before but don’t forget, he’s been dead on accurate too.

        • Greg Hunter

          500,
          You know me, I like to have as many different views that are out there so people can navigate this. Thanks for the comments.
          Greg

      • Al Hall

        Greg: Martin is a cycle guy- cycles set dates. BUT, many things can change. ie: the bankster elite’s were to collapse the world economy 2-3 years ago. But their plan in Syria got screwed up by Putin stepping on Obama there. So the date changed. They said they would create more debt, increase taxes, and wipe-out the middle class.
        This has happened – as martin has pointed out.
        If martin is right about the fall-Sept-Oct- if your not ready and prepared- you be crushed – loose everything. The metals will be unavailable then.

    • Grafique

      Greg, what actions will you take, or in what ways will you change your life, based solely on Mr. Armstrong’s prediction of 10/15?

      • Greg Hunter

        Grafique,
        The debt market is orders of magnitude larger than the stock market. When the next crisis comes it will be in the debt market and you can expect supply lines to dry up for a while. I would make sure I had everything fixed, maintained and stockpiled that I thought I might need. This includes basics such as stored food and water. I would also buy tires and a new battery if my battery was four years old. Everything is going to be much ore expensive or in short supply of probably both. Get to work and prepare. It will be the cheapest insurance you will ever buy and it may save your life by keeping you out of the streets.
        Greg

        • Grafique

          Good advice; I’m pretty prepped up now. There is definitely serious trouble on the way.
          There is a reason the trouble hasn’t hit yet and that reason is because the United States still supports Israel. Once that support vanishes, there will be nothing protecting us from the consequences of our bad decisions anymore.
          Greg, you might be interested in reading “The Israel Omen” by David Brennan. This book describes very clearly how the disasters the U.S. has suffered in recent years are clearly related to our waning support for Israel – from Katrina to 9/11.
          You should consider having David Brennan as a guest. His research is truly eye-opening.

          • Al Hall

            On target – I’ve posted this several time- be aware!
            Note the last one in this list!!
            What the world elite have told pastor lindsey Williams recently:

            Imminent danger – there will be more posts on the website: http://www.lindseywilliams.net/ . Please check it weekly.
            * The New World Order will be brought in, in its entirety and it should be starting this year (2015) at Sept-Oct timeframe when they (Illuminati) pull off this economic collapse.
            * Near future – banks crash/collapse, watch the financial derivatives market. This will be the event that triggers the collapse of America.
            * 5 TBTF (Too Big To Fail) banks have at least US$40 trillion dollars in derivatives. (It is a lot more than that.)
            * FDIC is not able to make good all the trillions of bank deposits when banks fail. Congress passed law for FDIC to cover financial derivative losses of the banks.
            * Everything is now in place for the Illuminati Elites to collapse America and the New World Order will step right in.
            * The Illuminati Elites are NOT God.
            * Violence in Washington. Fist fights in Congress, Senate, House .. by politicians.
            * A series of massive bankruptcies will take effect.
            * Interest rates will be rising. Financial derivatives collapse. When the dust settles precious metals will be all that remains of value. Paper assets will collapse.
            * Sept-Oct 2015 timeframe – most critical period.
            * Buy physical gold and silver. It may dip a bit initially because of deflation but it will reverse quickly and rise exponentially.
            * Only physical gold/silver will remain as money not fiat currencies.
            * Deflation – apart from food prices (and physical gold/silver), other asset prices will deflate ie. price collapse/fall. Food prices will rise ie. inflate!
            * Oil price collapse is Obama’s revenge on Russia/Putin for humiliating Obama. Illuminati elites told Lindsey Williams: they are not involved.
            * Obama made a deal with Saudi Arabia to smash oil price, resulting in Russian Ruble collapse 50+%.
            * Illuminati elites very angry/unhappy with Obama.
            * New Elites – refer to the younger elites who are taking over and not the older elites in their 70s/80s.
            * They have plans to create a new (corrupted) version of the Bible.
            * They want a new US Constitution by Executive Order.
            * New leaders, new churches, new health care, culture … New World Order takeover!
            * “Devil’s Messiah” – defined as the Elites perverting everything in the Bible. New perverted meanings…
            * Shemitah – 7 year biblical debt cycle will assert itself in 2015. Read Jonathan Cahn’s The Harbinger book.
            * VP Joe Biden’s (he is one of them, an elite) New World Order speech.
            * Elites positive that : “There’s going to be divine intervention!”
            * “Divine Intervention” – by this the Illuminati Elites mean the coming of the Anti-Christ!
            * Blood Moons Cycles, Shemitah, Jewish/biblical holidays … and major world events.
            * Obama uses ISIL and not ISIS. ISIL means Islamic State of Iraq and Levant. Levant largely means Israel. Illuminati plan: destruction of Israel.

  5. allen ols

    Greg,

    Egyptian Cave Church

    https://www.facebook.com/video.php?v=10153160506831197&fref=nf

      • John A. Seed

        No surprise here allen, Grayling Michigan is where the military practice their war games and the National guard from all all over the Midwest come to practice. Tank battles, dog fights in the skies, bombing raids with heavy ordinance, top secret weird stuff. When the state of Michigan started sticking it’s nose in on the goings on there, because of all the racket and burning night skies and accusations of the use of depleted uranium ordinance polluting the wilderness, the military basically told the state to take a hike and mind their own business or they can take their guard units somewhere else and that was that. Haven’t heard anything about the place since and now this!

  6. JC Davis

    Greg. I disagree with Mr. Armstrong. The world is collapsing, The bond market is due. The AIIB, CIPS, BRICS, and (the number 1 GDP and largest credit card system) in the world is none other then China not the USA ever again. When your as.. is on fire a 100 yard dash is slight of hand. China will see the easiest, and fastest transition the world has ever known. Gold is the stock pile Mr Armstrong has, and paid guards to watch it for him. LOL Otherwise I like everything he said. We are in a huge deflation time.

    • JC Davis

      Also tell your guest not to put there notes up and to the left of them. It gives the appearance there lying. That is one of the tells.

  7. Gina Mancarella

    Hi everyone. These guys paint a bleak picture, but we can change things around if we take heart! Hillary Clinton has annnonced her candidacy for presedent of the United States and she is the leader we have been waiting for for 30 years. She will bring back diplomacy and goodness and free trade. She is a balm to our eyes and the goodness of the Lord shall revel in her. A true child of God the one true God and very God Very God begotten not made being of one true self with the spirit. Praise be to the Lord for Hillary as her ascendance is wonderful in the Lords eyes!

    • Greg Hunter

      Gina,
      You simply must be a paid troll.
      Greg

      • Gina Mancarella

        No sir, I am not paid and not a troll. I am simply being optimistic when we get Hillart Clinton elected to the white house. True change will finally be here in 2017 when she takes the oath of office. She will fight for all of us not just a few at the top of the food chain. I believe she has been ordained by God to lead us at this crucial point in time. Take heart people. Better late than never ! Here is a link to her announcement: http://www.washingtonpost.com/politics/she-makes-it-official-clinton-is-ready-for-hillary/2015/04/12/2d4df304-e15c-11e4-905f-cc896d379a32_story.html

        Also, here is a beautiful tribute sone for Hillary: https://www.youtube.com/watch?v=rfU3hI8ML30

        • Greg Hunter

          Gina,
          You simply must ignore a lot to believe what you believe. Mrs. Clinton committed multiple crimes in my opinion surrounding her private server and exposed the country to massive security breaches in my humble opinion. (This is just the private server incident.) She will never be President and dose not deserve to be. Thank you for your comment.
          Greg

        • John A. Seed

          Gina Mancarella

          You mean she will fight for Victoria Nuland to be secretary of state, not just a few neo-conmen and women at the top of the food chain and we do know she has been ordained by God, “George Soros,” to lead us at this crucial point in time. Amen twisted sister!

        • Colin - 'the farmer from NZ'

          Gina
          If Hillary ever becomes President then God help us all!
          Cheers
          Col

      • Anne Elliott

        Greg, I took this the other way and thought it was a complete joke!! Whether this is a troll or not, I still had a good laugh this morning from it!

      • Polly Huggins

        Greg, I always enjoy reading your site. Great information, thank you! On Ms. Clinton – I think we should make her irrelevant by constantly asking her the question, “What does it matter anyway…?” Just quote back to her, her own words…enough said!

    • aussie jeff

      Gina did God tell you personally that Hillary’s ascendance is “wonderful in the Lords eyes!”
      Please explain this to me in detail so a spiritual peasant like myself can understand your closeness to God, and why he reveals such things to you.

      • Desert Rose

        Hillary is backed by Monsanto.
        God’s person?????? Nahhhh.
        Maybe Bill needs more female interns and it’s harder to get them out of the White House.

    • paul

      Gina … Were you praising the Lord when Nixon “erased” 20 minutes of his tapes (an impeachable crime)?

    • Mason

      You are indeed a troll.
      If you are not, read the contents of the following link and please tell me why you think she is anything other than a corrupted oligarch:
      http://libertyblitzkrieg.com/2015/04/09/this-is-how-hillary-does-business-an-oil-company-human-rights-abuses-in-colombia-and-the-clinton-foundation/

    • Brandon

      Gina, this is your doctor. Please come see me, we need to adjust your meds again.

    • frederick

      Gina you are serious that Hillery is the one that we have all been waiting for. Thats one of the most ludicrous statements I have ever read

    • eddiemd

      Sounds like a peyote trip. Mandatory drug screening of all who post on USA Watchdog.

    • Jerry

      Gina,
      Here’s your savior in all her glory.
      https://youtu.be/NJxmpTMGhU0

    • JC Davis

      Hillary is easy to get rid of… BENGHAZI . Poof gone.

    • Felicia

      Definitely a paid troll…read what is coming out about Hillary. One of her strongest traits is a pathological liar. Since Satan is the father of lies, liars are being influenced and manipulated by Satan and are not God directed. Here’s the link to 1 article covering her depths of depravity: http://www.nowtheendbegins.com/blog/?p=32370

  8. Jack

    If you follow Armstrong’s work, he doesn’t say everything blows up on Oct. 1. That will just be the start of the flip from public to private. The governments of the world ask this man for advice. Ignore him at your peril. It was interesting to hear him say that the vast majority has no idea what is happening or even cares what is happening. This is what Greg keeps talking about, and it is my experience as well. When it hits the fan, everyone will wonder what happened. Preparation is the word.

  9. Jack

    This guy ALWAYS pisses me off. Never forget that the Feddies locked him up , to Shut him up, and he is not allowed to speak freely or it’s back in the slammer. Notice that his thesis ( despite the headline , gloom and doom )is very Pro-US ….i.e. higher stocks, low gold, strong dollar????…. exactly what his handlers would want him to say…. oh and then there’s the interest rate hike?????……. why would you raise interest rates when you are worried about the dollar being too strong already? Armstrong says “credibility” …… the FED has no credibility left anyway, and anyone with half a brain knows they will never raise rates, and if they did ,they would need to monetize even more to pay the extra interest on the debt. For a guy who is supposedly some world class economist , I can’t believe he is this stupid. more likely he is just a mouthpiece for his handlers at the FED. AS for timing of the collapse, it will happen when the PTB decide to pull the plug and not before, tat way they can clean up on both sides of the trade before the US goes the way of a third world country.

    Finally , he discounts the growing power of China… well let’s see what happens when China demands a larger seat at the table this fall in the IMF meetings. as for the Chinese currency, they already have MAJOR hubs, in London, Toronto, Germany, and counting, then there is the strategic partnership deals they are doing with the Russians . Armstrong, like a good little weasel says this will take years….. really? who do you think Putin was meeting with on his recent 10 day absence?

    Greg, and fellow readers, please don’t believe a single word this guy says, especially his B.S. on gold.. if gold were to drop to $900 as he says that would be something like 30% under replacement cost. it doesn’t take a phD. in economics to figure out that India, China and Russia would put in an open bid at that price to take everything available off the market. He claims that the average guy in the street doesn’t know what gold is… well that might be true for the ignorant Americans, but ask the average Indian , Russian , Chinese or anyone else on earth that has seen a currency collapse and I guarantee you they know exactly what gold is and understand it’s value.

    • steve

      You need to read and study his blog, he is the only guy out there that has been correct in his forecasts. I know cos I fell for the other twits telling us about the gold market, finding Armstrong was the best thing due to his accuracy of his model.

    • rezzo

      Yes I agree 100% with your comments

    • JC Davis

      Jack. Your right. I have been searching for scrap gold on the streets. I find no sellers other then stores. Americans know what gold is, and there hanging on to it.

      • Freebreezer

        JC Davis
        I sadly disagree. My experience says otherwise … I visit a friends coin and antiques store every so often. And every time I am in there, I am amazed at the amount of people (all ages) selling – their stories are fascinating. By far the biggest theme is inherited jewelery, silver ware and coins and “what do I need this stuff for” ??? Two weeks ago a lady, early 40’s (a guess) sold her inherited Mom’s old 16 place silver ware and gold jewelery … she needed the money for a European cruise – Oh how the wealth is slipping out of the hands of the average American.

        • JC Davis

          Freebreezer. Like I said I see them selling in stores. I was buying from folks on the street level. It has almost dried up. Folks are needy and selling large amounts to dealers, but dimes for a dollar is gone.

    • Clare Doll

      i have to say, I’m with you on this one. This guy is a snake!

  10. Paul T

    Greg, I have to be honest, the past few times you’ve had this guy on, I thought he was way off base and I didn’t trust what he was saying to any great degree but after listening to him this time around, he’s kinda starting to make a lot more sense to me. I’m a big believer in gold and silver for my protection of wealth and he seems to have the thinking of yes, gold and silver are good to have, just don’t expect to see any kind of gains or anything spectacular just yet until the general public catches on to what gold and silver actually are and feel the fraud that’s going on. He probably would agree that having the metals now is not really gonna hurt you, but just don’t expect to see fireworks with them just yet. I think we’re still kinda early. I think he’s right on the money with that idea. He sees a lot more happening before the veil is actually lifted which in my opinion, gives us metals lovers a little more time to buy. I think I may have given you slack about him last time but not this time. He seemed to hit home with you right at the end there. Great interview. Awesome work Greg.

    • paul

      Did you notice Armstrong had a “gold” chain around his neck … and he said “there is only one solution” … a Reset!

      • paul

        Armstrong says: “Gold rising has nothing to do with inflation” … then he says: “the rise and fall of gold is like a pendulum” … well the pendulum swings … from inflation to deflation … then to inflation again and deflation again … back and forth … back and forth … in deflation “interest rates fall” … in inflation “interest rates rise” … all under the complete control of the Fed … the fact that “confidence in the government” rises and falls along with these Fed created inflation/deflation cycles has nothing whatsoever to do do with the rise and fall in the price of gold … gold follows what the Fed is doing to the money supply … the Fed withholding fiat money produces deflation … the Fed creating fiat money produces inflation … the pendulum has now reached it’s deflationary peak and the Fed is now about to increase interest rates along with additional fiat money printing … so gold has bottomed and is now about to rise as the pendulum swings to the inflation side … the fact that “confidence in government falls” when their budget is out of control and they must print and print and print to pay the bills is not the “cause” of gold moving higher … it is simply a normal “result” of the inflationary actions of the Fed!!

  11. Galaxy 500

    Greg
    Thanks for having Armstrong back

  12. Randy0302

    Hmmmmm……I thought Martin Armstrong was smarter? Not really impressed other than the fall sounds reasonable for a melt down but so does tomorrow.
    As tiny as the physical gold market is and the high likelihood that everything else fails he thinks gold will only hit $5000. That will happen when Shangia opens its physical only market with or without the crash hitting.

    • steve

      Well he is the only one that I know out of the gold analysts that has been right, the rest have got it so wrong

  13. OutLookingIn

    Interest rates will rise? The USD will not crash? Wrong. There is just way too much debt.

    Even a rate rise of 1% would throw the global debt amount into a tailspin. As far as the US dollar retaining, or increasing it’s perceived value? Time will tell. At this juncture it does not look good, as virtually all fiat currencies will eventually lose not only their value, but public confidence also.

    When brute force confronts an immovable object, violence is not only often, but the only result. To those that would abuse their powers of bestowed public trust, remember the Nuremburg trials after the end of world war two. Despotic actions will be called to task and resultant punishments will be meted out.

  14. Jerry

    Greg, Mr. Armstrong lost me at the 9:38 mark when he said ” The dollar is the only game in town”. Clearly that is not the case. What is driving up the dollar index right now is the fact that the Fed is being forced to mop up Trillions of dollars in bonds that have been dumped back into the market by countries who have fled to the AIIB.
    – We’ve had eight years of QE with NO measurable results.
    – We’ve got an an economy that has a negative GDP.
    – We have (0.0) ZERO money velocity in the system.
    – We’ve got 125 Trillion dollars in unfunded liabilities that we can’t even pay the interest on, much less the debt.
    I’ve save the best for last.
    – According to the latest FT-900 report we have next nothing in Gold reserves to support this whole mess. In fact we couldn’t even pay the Germans back a tiny portion of their Gold that we had in storage for them. What’s that tell you?

    The Chinese do a yearly audit of their Gold in July (7th month) every year. This year Zhou Xiachuan has invited Christine Lagarde to examine their vaults as they try to win approval for SDR drawing rights with the IMF. I anticipate that Zhou will ask us to do the same thing. What do you think will happen when our government refuses to do it, and refuses to give access to Fort Knox?

    • steve

      He says this about the Dollar because it is still perceived as a safe haven this will eventually change)

    • JC Davis

      Jerry I knew you would have a field day with that statement. So did I when he said it.

    • wd

      Jerry,

      Remember he is “a watched man”…he is under the watchful eye of the feds. But that being said it is still in the fall of 2015. There is a reason why these countries are all signing up with the AIIB, pure survival…. many see the US Dollar as doomed and it will be…

      He has been on the money on a bunch of things, but so has Jim Willie who seems to have an 85% close ratio….

    • Jerry

      Greg, I try to back up what I post with some type of supporting information. Here is such a report from Wall Street on Parade.
      http://wallstreetonparade.com/2015/03/paranoia-reigns-in-congress-over-an-international-financial-cabal/

      They may call it paranoia, but it sure looks like to me the Financial Security Board is preparing for something major, with their last letter to the G20. You can decide for yourself. I know what I’m going to do.

      • Silence is Golden

        Jerry,
        “Stability” my friend (FSB)…. nothing secure about it.

        I have read that letter addressed to the CB Governors and Finance Ministers – 2/4/15. It does contain some rather frightening language….as opposed to the contextualised “reform” it purports to convey.
        esp……
        “Cross border derivative contracts from being terminated disruptively in the event of a globally systemic bank entering resolution”
        “Implementation of resolution regimes for SIFI’s”
        “Finalise higher loss absorbency for SII’s”
        “Temporary stays on the close-out of financial contracts”
        I especially like the phrase that Mark Carney uses to describe Investors as being unaware of the dangers… when he refers to the state of “Liquidity Illusion”…..implying there will be NO LIQUIDITY when it is expected…when the “EXPECTED” occurs with very short notice. In simple terms he expects a MARKET CRASH and again INVESTORS across the spectrum, will not have the FED watching their backs.
        You can definitely sense the urgency with which they are attempting to implement some of these policies to ensure some semblance of order. Importantly, it highlights what we all expect to occur.

        • Jerry

          Silence is Golden.
          I concur. Again no mention in the MSM. American people being led to the slaughter.

          • paul

            Jerry … I like this theory “Wall Street is perceived by our foreign allies to be so completely out of control of Congress … that foreign financial markets simply do not trust US regulators to rein in Wall Street abuses or prevent another systemic financial collapse. So the Financial Stability Board (composed mostly of foreigners) feels they must look over Wall Street’s shoulder because it can’t trust Congress or the Federal Reserve to do their job.

    • Desert Rose

      Jerry,
      Right on….check out the ZH article on algos today, sorry to not post link…..there won’t be any liquidity. It’s soaked up. What’s coming in bond market is beyond horrific. Like Jim Willie says, the US will be utterly isolated. This all brings its own solution since we don’t make anything here anymore, including military equipment. Imagine if the war suppliers said: pay in gold.

  15. Snorky

    I’m at the point where I have made my peace with the Lord. Things are just getting crazier and crazier and uglier and uglier. Thnx for the interview, Greg. It looks like Armstrong is a bit less adamant about sub-$1000 per oz gold. Keep stackin’ and if you haven’t started, don’t wait. 🙂

    • aussie jeff

      Thanks for your post Snorky, it encouraged me.

    • Brady

      Jerry, Do you have a link you could post that would confirm “”Christine Lagarde to examine their vaults””

      • Jerry

        Brady.
        This is as close as I can get.
        http://www.bloomberg.com/news/articles/2015-03-22/china-s-zhou-switches-topics-on-lagarde-to-put-his-case-for-yuan
        The rest I’m hearing from other sources that I can’t confirm. We’ll know more in June. Read the Financial Stability Board letter to the G20. They are making plans.

        • Jerry

          Brady and anyone who wants to know about the global currency reset will find this information very interesting.
          https://youtu.be/acYBJM4nq8U

          When you connect the dots this corresponds with the Financial Stability Board letter to the G20. Post crisis agenda 11/15/2015. The RMB will….I repeat…. will be the new reserve currency by 11/15/2015. Now you know why all the countries signed with the AIIB.

          • Brady

            Thanks Jerry for the links!

  16. gutzer53

    Gregg, I don’t know what to think of your 1st commentor, but here is a story from our local paper here in the middle of Iowa.

    BV leads Iowa for military surplus gear

    Submitted by on Wed, 08/27/2014 – 8:44am
    425 pieces worth $1.55M in 8 years
    Twice as much as Polk County
    Not just tanks: from blankets to goggles

    By WHITNEY ROBINSON

    Buena Vista County, including the Storm Lake Police Department, has received the most pieces of military gear with the highest value of any county since 2006, according to a survey published in The Des Moines Sunday Register.

    BV County has received 425 pieces of surplus military gear for free from the US Department of Defense since 2006. The total value of the gear is estimated at $1.55 million. Each of those numbers tops the state, where 75 of Iowa’s 99 counties have acquired at least one item through the program over the past eight years.

    BV County overtakes Polk County