Trump Tax Cuts Will Start Monumental US Boom – Martin Armstrong

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

Legendary financial and geopolitical analyst Martin Armstrong says the Trump tax cuts are going to be a very positive move for the U.S economy. Armstrong explains, “It’s huge, I cannot tell you how much. . . . Any company that doesn’t bring its cash back under this deal should be sold short, basically.  You bring it in because who knows what will happen when the politics change.  It’s a one-time deal.  You get to bring it in, and you better get it in fast.”

Armstrong thinks you cannot overestimate the effect Trump tax cuts will have on the U.S. economy. Armstrong goes on to say, “It’s monumental.  It really is a very pro-business situation, and that’s going to grow jobs, etc.  Small businesses and pass-throughs have been abused.  They have been abused.  A small business tries to get a loan from a bank, and 70% of them are declined.  It’s really more of a pro-business type thing.  I mean in what you are paying out in taxes, in our office, we could hire ten more people.  You have to understand what it does, it then puts pressure on everybody else.  We already have Canadian companies standing up and saying we are going to have to move to the United States if this keeps up.”

Armstrong says the rest of the world is freaking out about the Trump tax cuts because they are going to lose business. Armstrong says, “Absolutely, China, I had to fly to London to meet with very senior people and they met me in London. . . . You have to grasp the structural differences outside the United States. . . . If this tax thing goes through, our models are showing we should be reaching the 37,000 to 40,000 level (on the DOW) at least by 2020.”

There is also some bad news. Armstrong is worried about central banks continually buying bonds to suppress interest rates.  Armstrong says, “Yes, absolutely.  We are in the biggest bond bubble in history, not a stock bubble, but a bubble. . . . The scary thing in Europe is the ECB (European Central Bank) has been basically supporting the governments.  It is subsidizing all the governments in the Eurozone.  We are looking at almost 10 years of quantitative easing with that, and it hasn’t helped the economy.  If the ECB backs off, who’s going to buy the debt?”

How does this end? Armstrong says, “Our computers are showing that interest rates are going to go up faster than anybody has ever seen in history. . . . You are looking at a doubling of interest rates very, very rapidly. . . . Gold and equities are the place to be.”

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

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After the Interview: 

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Comments
  1. FC

    A very confusing interview on the future of the economy from monumental boom to the rapid increase of interest rates, it appears to be anyone’s guess.
    I’ve been strong-armed into purchasing more physical insurance.

    • Greg Hunter

      FC,
      You cannot go wrong with physical stuff under your direct control.
      Greg

      • Randy RHCE

        Greg, that’s the best advice I have ever heard. If you can touch it, and you own it free and clear, it is generally considered a primary asset. Paper assets (Tertiary) are generally a paper claim on a primary or secondary asset. I own three properties that are free and clear, except for the annual property tax; that’s one way to lose this asset if you don’t pay the annual tax. I would encourage your listeners to do one simple thing. If you own a primary or secondary asset such as land; it requires a paper claim such as s deed or title, same for vehicles. I would make sure I have the physical paper on hand to back that claim up. I would not trust the “Ethereal” electronic digits. This is fairly cheap to do.

        • DBCooper

          Randy, Please bear in mind that a deed is a color of title and anything in law that is in color or is colored is a suggestion of the truth … hence … a deed is not proof of ownership wear as a title or patent is proof of owner ship. All of the properties that make up our ‘homestead’ are owned with certified patents signed by the then President, Woodrow Wilson. Hope this is helpful. Yours in Faith and Liberty, FN, DB.

        • tin foil hat

          Randy RHCE,
          Someone bought this house for $199,000 in 2008, he/she couldn’t sell it for $80,000 and the home was foreclosed. The property tax is over $8,800 – more than 10% of what the house is worth.
          If you can’t touch it and put it in your pocket, it is probably not going to help you much in an environment similar to the Weimar Republic. You’d need gold to help you keep the properties.

          https://www.zillow.com/homes/177-Merion-Rd,-York,-PA-17403_rb/

    • This sceptred Isle

      Agreed. Some valuable insights but like Austin Fitts, a bit confusing. How can there be an economic boom in the middle of a historic rise in interest rates and a debt crisis? Surely in this environment lending will be at rock bottom levels.

      • philipat

        Interest rates can’t rise too much further because USG can’t afford the interest on the existing and growing debt, so I don’t see that happening. However, I also don’t see the Tax cuts causing any type of economic boomlet. The effective tax rate of the S&P Companies is presently 13%. Trump’s great big tax cut reduces Corporate tax rates to 21% and 12% in Ireland where US “IP” Companies (Mostly Tech and Big Pharma) have Trillions stashed. So why would they bring it home now? One thing we do know for sure about the “elites” is that they are greedy which supports their staying with the status quo.

    • David M

      We know the current stock bubble is the direct result of low interest rates in the bond market. How can stocks benefit from a sharp rise in interest rates? Is Martin saying that we should look to the banana republics to get a better idea of what to expect here? A sharp increase in interest rates cannot be a positive for financial assets unless your money supply growth is off the charts. Martin feels that billions of dollars of corporate money coming back to the U.S. would be wonderful for job creation and foreign investment. If you believe that a higher dollar is in the cards why would you buy any hard assets? Do you really think that a higher dollar is just what we need when you are running a 600 billion dollar trade deficit? How will you export anything if the dollar goes up another 20%? Also, you forgot to ask Martin why he is bullish on both financial and hard assets at the same time. They generally do not move together. Great web site Greg.

      • Peter S.

        Precisely. Armstrong says buy the tax cut boom, and he may be correct BRIEFLY, but I say sell the news. Polls have shown these cuts will be used mostly for further buybacks. They will not be used for R&D, since the American consumers are tapped out. But they will aid the 1% at getting out at the top, as they already have clearly been doing the past year..

        These tax cuts plus the other non-discretionary budget busting items will push next year’s fiscal deficit past 1.2 Trillion. The Fed, ECB and even the BOJ are are scaling back asset purchases. The smart money is heading out the door NOW, while the sheep and less wise enjoy the warmth of the holiday season and comfortable denial. Interest rates are going to seek their natural level again, FINALLY, and most will be found swimming naked, including many sovereigns this time.

        See Greg’s interview today with David Stockman if you want clear and concise information. Mathematical and economic fundamental/natural law will be imposed again, as always..

        Armstrong has his famed model, but is not someone I trust to preach to the ordinary guy. Greg, don’t have him on again – in my opinion he is not in accordance with your/our principles and could maybe be compromised.

        • Greg Hunter

          Peter,
          As much as I like Trump the debt is a real problem. Trump knows this, and he’s the best man to be voted into the White House to deal with this mess. As far as Armstrong, I try to get the very best people on and let them talk. Thank you for your support and comment. You points are well made and well taken.
          Greg

    • Diane

      https://youtu.be/5kemcxj0j08
      Be cautious with bitcoin/cryptocurrency

      • Mohammad

        Diane,

        SPOT ON and i put those thoughts in the previous blog on Greg’s site, I clearly mentioned the relationship between D-Wave quantum computers and the military complex / NSA .

        However,

        Russia has a love hate relation to bitcoin, and they are now in the leading edge with their (LOW ELECTRICITY COST) that will give them better edge over China as far as mining crypto. It is estimated now that Russia has 40% of the market share of crypto and will only increase, That fits in what i mentioned before that the Russians are on the verge of colliding with the dragon in the east even though they may seem to be in alliance, I always said before that China is US holder of property and debt and it cannot collide with US.

        The war is waging between the money changer families allover the world, the collision is inevitable and the outcome is not SET IN STONES like what Dr. Farrell suggests.

        Let me say it here and say it loud and clear…and i mean the words, DAMASCUS is who will decide the outcome at the end, It is there where all the powers will collide and the righteous will emerge victorious under Jesus’s leadership, and global 3 or 4 or whatever will run for the hills DEFEATED.

        I know it, i believe in it like am seeing those own words am typing here.

        Mohammad

        • Shadow of Doubt

          Mohammad,
          Your assertion that, “Damascus is who will decide the outcome at the end” runs counter the prophecy of Isaiah 17:1–which seemingly points to the devastating destruction of Damascus. My understanding that once Damascus is destroyed –it will remain barren and shunned thru out end times? Please clarify, SOD

          • Mohammad

            I try not to quote scriptures since different beliefs contradict each other and at the end of day ONE WILL STAND TRUE, I do not claim it is mine nor yours to each his / her own belief but time will unfold the events and we will see.

            Mohammad

      • Macray

        Greg
        Thank you for a great One-on-One with Martin Armstrong! Initially, a few things I agree with and a few I don’t, but it definitely is making me think!!!

      • Gold Guy

        I have been following Armstrong for years and he is simply suggesting that as the bond market collapse, that the capital will act to protect itself in another liquid market…equities! As somebody that works in the metals industry, I can say honestly say that the metals have a horrible track record of protecting capital from inflation (housing and/or equities do a much better job), but rather they act as a hedge against government and taxation.

        • tin foil hat

          Gold Guy,
          The metals have a horrible track record of protecting capital from inflation since 1971, after Nixon closed the gold window. Housing and/or equities did a much better job after 1971 because the deep state wanted the masses to forget about the relation between gold and money.

          Come to think of it, gold price wasn’t suppressed or manipulated until 1980. Paul Volcker increased interest rate from ~13% to 20% around Q1 1980 and on March 27th 1980, the Hunt brothers couldn’t pay a margin call on their positions and the panic spread to the futures market.

    • Donald

      Martin’s commentary is probably reasonable if you assume a somewhat “stable” world economy for years to come. However, what happens when a black swan event occurs and throws things into a rapid and unexpected tailspin? No one really knows but many recommend owning something tangible such as gold.

    • Brian

      Armwrong as usual. This guy first predicts $5000 Gold by 2015. Then he says the US Govt is collapsing. Now it’s all in again based on tax reform for multinational corps with hundreds of billions already in their pocket.

  2. Paul ...

    So according to Armstrong interest rates are going to go up like no one believes … lets put that in different words … it means inflation is going to go up like no one believes … and yet no one believes gold is going to go up … if as Armstrong says “Bitcoin is just a different expression for gold” … and Bitcoin is near $20,000 per coin … then gold should be at a similar value … what about silver? … at a gold silver ratio of 25 silver will sell for $800 dollars per ounce … at a ratio of 9 silver should sell for $2200 dollars per ounce … at a ratio of 1 (which is possible as silver is as rare or rarer then gold … we are talking about $20,000 dollar per ounce silver … and yet … no one believes (however wasn’t Bitcoin $17 dollars just a few years back)!!

    • Paul ...

      Here is a random thought … what will the owners of Bitcoin do when their crypto currency is worth all the gold in the world … will they continue to hold their Bitcoins for “further gains” … or simply sell them to own all the gold in the world instead?

      • Paul ...

        As Tin Foil Hat so aptly stated on 12/13/2017 :
        “I think Bitcoin really is a type of capital / currency flight. In a way, all fiat currencies are experiencing a hyper-inflationary collapse against Bitcoin” … Tin Foil Hat has it exactly right … people in Europe, China, Korea, etc. are currently flocking out of their inflated fiat paper currencies into Bitcoin … soon Bitcoin alone (and all the other Ponzi crypto’s created) just won’t be able to absorb the massive flow out of fiat paper … the world needs “something else” to help absorb the massive flow out of all the QE inflated fiat paper currencies in the world … I wonder what that “something else” will be??? … although Bitcoin currently seems like a dark cloud over most goldbugs … don’t dispare … it has a “silver” lining!!

        • Paul ...

          What if you could buy a “time machine” you could use to go back in time and buy Bitcoin at $17 dollars before it went to $20,000 dollars each? … talk to some silver stackers … they are building such machines … see if they will sell you one!

        • Gold Guy

          Agreed! We are helping quite a few of our client’s cash out of Bitcoin and move into silver.

    • This Sceptred Isle

      Plus, any asset class that rises in price that much will have speculators piling into it and turning it into a bubble. If it is possible to calculate a fair price for silver, multiply it by at least 10 to get the bubble price.

  3. Anthony Australia

    Only when you are holding in your hand, are you truly wealthy.

    Merry Xmas to all USAWD community members.

    • Mohammad

      Ditto…
      I second your statement.

      Mohammad

  4. William Stanley

    Mr. Hunter: That was interesting, but confusing: he seems to be saying that incipient tax policy will bring dollars to the US, which will push up stock prices, which will be great for the US economy.
    Still, I understand him to say, bond prices will drop and interest rates will rise because governments are broke and nobody wants to buy their debt. Moreover, Europe is in such bad shape that Europeans will buy US equities as well, further pushing up US equity prices.
    However, assuming all that is true, the increased demand for dollars would push up the exchange rate for dollars, which would make it harder for US companies to compete in the world economy, thus harming, not helping, the real US economy. Furthermore, the increase in interest rates would, as you have pointed out in the past, crash the derivatives markets and cause a financial crisis, also not good for either the real economy or the financial system.
    So, despite this wonderful new tax plan, we still end up with a catastrophic economic collapse and a “reset” of the world financial system involving the destruction of the dollar and, presumably, all other fiat currencies.

    • Paul ...

      William … as you say the increased demand for dollars by Europeans will make it stronger … but the Fed will probably take care of that by printing even more … creating conditions for even higher interest rates then anyone imagines right now … here is a random thought … since the Fed had to print $10 Trillion to keep the banks propped up and $10 Trillion to keep the Wall Street gang propped up … why doesn’t it just print up $20 Trillion dollars and pay off the National Debt for the American people (it would seem to be “no big deal” as who cared when $21 Trillion went missing??)!! … as it is obvious the Fed has to “inflate away” all the debt they created to re-set things lets start by getting rid of the National Debt … and while they are at it the Fed should print up enough money to pay everyone a guaranteed yearly income (because more and more robots are taking our jobs) … if corporations are not going to pay Americans a living salary the Government has to step in and order the Fed to print up the money and hand it out to us the same way they currently hand out money to the banksters and Military/Industrial corporations to help them survive!

      • Paul ...

        Listen to Catherine Austin Fitts on how the “Universal Basic Income” is really simply a way to make slavery look good!! (who said Lincoln freed the slaves?) … https://www.youtube.com/watch?v=85z5hkXVfE8

  5. MAL

    Hi Greg,
    If after stopping the TPP Trump can get the tax bill through with the removal of the individual mandate still included he will have accomplished more than I could have imagined. If they removed the tax cut and just repealed the individual mandate it would still be a great success by undoing one of the most treacherous acts ever committed by congress against the American people.

    • Greg Hunter

      MAL,
      Looks like he’s going to get both. The crazy individual mandate (a tax for not buying health insurance) costs the government $34 billion a year. Getting rid of this tax saves taxpayers $34 billion a year and is a no brainer they have to do.
      Greg

      • Chris in Arkansas

        Let’s be careful here. Trump is not removing the individual mandate, he is adjusting the penalty down to $0 for not having insurance. Big difference. It’s a lot easier for a future president and/or congress to raise the penalty again than it is to rewrite law to get the mandate reinstated. My understanding is that the mandate is still law and therefore we are out of compliance if we don’t have insurance, but the penalty is $0. Crazy stuff.

        • Greg Hunter

          Chris,
          This will effectively kill Obama Care as we know it. I don’t care what you call it. Obamacare will not survive this.
          Greg

          • Paul from Indiana

            Let’s hope you are right. What a dreadful turn that was. Best always. PM

        • Paul ...

          Imagine … paying tax “for not buying something” … they are probably planning a future for us where they can tax us “for not buying” a car, computer, cell phone, etc., etc. and justify it by saying it is needed to keep the economy healthy like they said it was necessary to keep people healthy! … if they want to straighten out the economy they should begin taxing all the idiots that don’t buy gold and silver! (but I guess “they are” already doing that through inflation)!!

  6. Erika Miller

    Here is what Jim Rickards has to say and compare that to what Martin Armstrong projects. They seem diametrically opposed. Very interesting discussion.
    https://www.youtube.com/watch?v=VClf4fylD80
    I would place my bet on Jim Rickards.

    • Tod T

      First time poster, long time viewer. I would love to see an economic debate between Rickards and Armstrong. Although they both agree that the reserve currency status of the USD will come to an end (the re-set) Armstrong is adamant that the Euro experiment will fail sending the first huge wave of capital to North America where as Rickards see’s the E-Union as surviving it’s current tight rope act. Both of these analyst’s are the best of the best, both well seasoned, both well connected, both have stood the test of time in this cannibalistic industry.

      • Paul ...

        Tod … if the euro does not survive the Fed will print more US dollars … if the Euro does survive the Fed will print less but the Europeans will print more … so it really doesn’t matter one way or the other … we will see more QE int he world … as the massive debt must be inflated away … what does that mean for the price of land, equities, fine art, gold and silver?

        • Tod T

          Door number 1 – An attempt can be made to try to continue inflating it away. Good bye cash, Hello digital money
          Door number 2 – it can be defaulted on – deflationary crash, an economic depression
          Door number 3 – restructure the system, a debt equity swap, a re-set, a re valuation of monetary gold. Probably the least painful for us all.

  7. Seth Rich Tredway or the highway

    The leftest National Socialists Nazi party, formally known as the Democrats. Are fighting the founding fathers idea of a United States of America with tooth and nail. With cheating, lying, massive voter fraud, ballot box stuffing. George Soros voting machine manipulation. Antifa thuggery and intimidation. Along with the shadow maddow deep state intell embedded Oboma-Holder over Mockingbird fusion of Obama administration mole’s, in the corporate media propaganda complex machine of Demonization and the demoralization of their pot smoking un-informed base.

    Do we have a rat’s chance in hell of fighting back these demon hordes?
    https://www.youtube.com/watch?v=ADesK3Wa_D0
    We had divine intervention before and we got another Swamp Fox today. Stand back and see the hand that parts back the waters along with the hands of a good bunch of merry men!; https://www.youtube.com/watch?v=-SBPnw5riLM

    • Paul ...

      Seth … you ask if we have a rat’s chance in hell of fighting back these demon hordes? … well these Demon-rat pot smoking un-informed politically correct snowflakes don’t even realize the color of snow is “white” … so we have a good chance of winning over them … imagine they don’t even want to pay tribute to surnames like “Mother or Dad” anymore … even God the Father (who didn’t have a Mother) provided his Son with one!!

      • Paul ...

        It was really “a great honor” that God the Father of the Entire Universe chose a woman “from the human race” to give birth to his Son … we men should live up to God’s faith in us … by protecting women and children from the evil perverted pedophiles and warmongers among us … who steal away our women and children for abnormal sexual practices or send them to die in wars for greed, lust and power … if God the Father of the Entire Universe chose a human being to create another God … shouldn’t we try just a little bit to be deserving of such a great honor? … instead we develop societies that protect crooks behind a Justice System that puts “small crooks” in jail to remove the competition from the “big crooks” that never go to jail and kill babies to satisfy their deviated sexual pleasure and create wars that kill millions of women and children to add more worth less and less fiat paper dollars to their bank accounts … this Christmas season let us look upon a baby as something special … not something to be aborted after sexually molesting them!

  8. vincent_g

    I have to disagree with Mr. Armstrong on cryptos

    The crypto market is about to rise sharply.
    Not that many people know about bitcoin but more are starting to learn.
    Bitcoin will still rise but the real gains are in the lessor known coins.
    Dash for instance went from $200 to over $1000 in a short period of time.
    That was a no brainer to figure that rise in price.
    I see the profits from bitcoin going into these lessor known coins.
    I like Cardano as a god bet now as it’s the only coin that is very different then the others.
    I made a mistake way back as I was about to purchase bitcoin when it was pennies.
    Was going to buy $200 worth.
    This time I’m in the game and lets see were this crazy and wild ride takes us.

    For those that want a shot at it – I suggest you just invest small money.
    Buy $200 or $400 on low priced coins.
    Coins that are under $1.00
    Spread your money out.
    They will rise and maybe you might catch a big winner.
    Beats buying lottery tickets and from the looks of things everyone is a winner.

    • Donald

      “Bitcoin will still rise but the real gains are in the lessor known coins.”

      Its price is only being driven by speculators that expect even more speculators to buy it (greater fool theory). This isn’t tangible value. Further, Bitcoin is very limited in terms of using it for a direct purchase of anything. At some point in time the buying will sputter out, and then the reverse will happen. The trouble with these “reverses” is that they are very rapid, with most left holding the bag wondering what happened to all their wealth of just a few days prior.

    • foggygoggles

      Greg,
      This is the 4th time I’m trying to reply to Vicent_g……..
      Cardano has an excellent team, with peer reviewed academic research. However, this crypto is not for nubes. It is only listed on a limited number of exchanges, and can only be had using BTC, ETH or XRP. It’s also had quite a run up. Although there may still be a lot of upside, the best time to have bought, was this past summer.

  9. Angustry

    the DOW, NASDAQ, & S&P are hitting all time highs. Unemployment is supposed to be at all time LOWS. We are supposedly having a glorious upsurge in the economy, If we do not pay off the debt NOW when will we? All this glorious economic news and we still have DEFICITS?! Why do you have to “cut taxes for the already rich” so they will supposedly be inspired to create more jobs …… when everybody is supposedly employed???!! And the true job creation is proven to be by Small Business and financed by Middle Class spending, NOT by millionaires.
    We should be raising taxes. If these Billionaires had to pay a proportionate amount equal to the benefit they derive from Us protecting Their money, property, LIVES …….. they would take an interest in getting a GOOD government not just one that serves their immediate interests …. They would insist on ending corruption and waste and balancing the books. People whine there is no such thing as “fair” taxes ,,,,, but there is . The Workers pay with blood & money for ONE house with a mortgage to the BANKSTERS ….. counting all they pay for state, local, sales, federal taxes 1/3 of their gross. The Billionaires whine they need tax cuts “to create jobs” and NEVER SERVE in uniform so they never get PTSD, amputations, maimed or die.
    TAKE 60% of their gross because they own multiple homes with NO mortgages.
    It is past time these Billionaires & mega-corporations PAY for the wars from which they profit and which protect them. Either PAY for the wars, or we put your Boards of Directors in the Front Lines to BLEED with us working stiffs. You want to move your corporation, OUR JOBS, to another country to dodge taxes here? So WE have to pay for your wars? Over YOUR DEAD BODIES. The U.S. has intervened militarily and covertly in so many nations it is impossible to recount them all but in every case the American military is protecting some investments of value to American corporations, or a strategic position or both.
    Those who benefit the most should contribute a proportionate share.
    Amazing that all these leftwing tech billionaires do not want to share THEIR wealth. They always talk left wing “communalism” but they clutch their money like it is life itself ….Even when they “give” charity it is through THEIR trusts &foundations that THEY control and reapTAX BENEFITS FROM. Even though They are always eager to spread YOUR money around……
    Time for the 1% to contribute PROPORTIONALLY to the War Efforts. Much is expected from those to whom much is given.
    Some of our Troops give ALL, or are maimed for life,and the 1% balks at giving MONEY when they have so much?!
    Cut taxes for the “Rich” so they will invest their money in creating more jobs? By that logic giving ALL your money to the Rich would make Everyone rich. Humanity already tried that. It was called FEUDALISM, a primitive form of COMMUNISM.
    LISTEN to what these neocon PSEUDO-capitalists are saying:
    “TAKE from the POOR and GIVE to the RICH”
    “FROM each according to their ABILITY, TO each according to their NEED. The POOR have the ABILITY to be squeezed for more taxes …….. and the Rich NEED more money …… to create jobs”???????.
    This is INSANITY, this is C-O-M-M-U-N-I-S-M by a different name.
    MAKE ZUCKerberg and these other Billionaires want to flood the labor pool and drive down YOUR wages with cheap illegals & invaders ….. . As it is, YOU pay to bring in and train YOUR replacements.
    The rich “Nobles” paid NO taxes and they created LOTS of jobs for the SERFS and PEASANTS………building CASTLES and making life better for the RICH-NOBILITY. Work and Taxes was all the Serfs knew. Where do the heroic figures of Robin Hood and William Tell spring from if not resistance to this inane idea? Seing this extremist idea dragged out of the muck of history proves to me that our Nation has truly been DUMBED DOWN and Public Schools need to be upgraded and intensified.
    Quit living in Never-Never Land where Wars are not paid for. The Founding Fathers of America didn’t. The Founding Fathers were rich, but they knew it was their CIVIC DUTY to contribute. It was called LEADERSHIP. They personally “raised” entire companies of men for the war. That means THEY PAID FOR THEM. Not like today when the YELLOW-BELLIED-DRAFT-DODGING Neocan WAR PROFITEERS beat the drums for endless war, and insist that YOU pay for it, while they reap profit off Defense Stocks. It is REALITY CHECK time America. Make those who pound the War Drums, GO TO THE WAR.

    • Seth Rich Tredway or the highway

      Angustry,

      “These are the times that try men’s souls. Tyranny, like hell, is not easily conquered.” —Thomas Paine, The Crisis

    • Paul ...

      Angustry … It is about time more and more people like you and me start to tell the “unvarnished truth” about the evil entities we are dealing with in this life … look at our last President … what kind of “man” was he who could send guns and anti-tank weapons to the drug cartel in Mexico so they could transfer them to Hamas and ISIS to kill American and Israeli boys on the ground in Syria? … what kind of “woman” was Hillary who could use Haitian children as a commodity (in the pedophile slave/sex/snuff trade)! … as you say “it is REALITY CHECK time in America” … do we continue to pound the war drums and create “false flags” to force us to GO TO WAR … where is the “moral consciousness” Americans once had? … now a majority of Americans think it is perfectly OK to do a pre-emtive nuclear strike on another nation … the killing of “millions” of women and children is now considered simply “collateral damage” … like our drone strikes killing innocent women and children in a wedding party is looked upon as simply “perfectly acceptable collateral damage” by the neocon warmongers in control of our military!!

  10. Angustry

    It is time the Rothschilds either forgive America’s debt or …………

    • Ray

      America’s debt CAN ONLY EVER BE “FORGIVEN” when it takes it’s Military Jackboot off the throat of the nations of the world, and not before.
      Until then…….PAY UP BUTTERCUP.

  11. Robert Dziok

    Bitcoin is the electronic version of gold? The only way that could be is if it was somehow backed by gold. Gold/Silver has intrinsic value and use as money for thousands of years. Bitcoin is nothing but a ledger entry “asset” backed by nothing and an asset that can be traded for fiat US dollars also backed by nothing. Bitcoin is a hyped up asset (ledger entry) that is now a bubble with Ponzi/Pyramid scheme characteristics. What’s Bitcoin/Crypto worth when the power/Internet is down/gone? Really think any computer system is secure now or in the future? Supposedly Quantum computing (which China is spending several tens of billions in research on now) can end encryption security. Does gold/silver loose their intrinsic value when the power/Internet is down/gone? Why are all the big players in the East ( e.g. Russia, China, India, Asia) accumulating all the gold/silver they can? Why has the East set up parallel banking/payment/trade systems (e.g. CIPS, AIIB,BRICS,OBOR,SCO,etc.)? Why has the East started trade redeemable in gold (e,g, China oil futures in yuan redeemable in gold)? The East is 60 percent of world GDP and world’s main manufacturers. Why are BRICS setting up their own gold trading platform now? They will have systems soon completed in place when the long overdue ‘”RESET” occurs. Gold/Silver price suppression/manipulation by the West will collapse/end and the East will have their trade platforms the West will need to utilize/adhere to. In addition the US dollar “De – Dollarization” continues with countries setting up trade/payment not using it anymore (e.g. China pays Russia for oil in yuan then redeemable in gold). The US dollar as world reserve currency and “petrodollar” are in rapid decline now. US war cannot prop it up as in the past . The World is sick of US wars ( via proxies like ISIS ) to prop it up as well as print tens of TRILLIONS in fiat currency and the result is what we see world wide now to bypass it’s use. The Big players go after gold/silver while the sheep are distracted to chase air via cryptos like Bitcoin it seems. Remember the Tulip Bulb mania of centuries ago? Buyer beware as the saying goes.

    • FC

      Crypto currencies are created by digital mining where are a lot miners and owners alike are going to be shafted.

    • Linda L.

      Robert
      You’re spot on. The sheep (so many) are being distracted with cryptos, while those who are aware appear to be buying tangible items such as gold/silver and other commodities. Someday the circus will end and cryptos will be regulated/tracked like fingerprints and I wouldn’t want to be on that list.

    • tin foil hat

      Robert Dziok,
      In 2009, Jim Rickards was invited by the CIA to participate in a financial war game. Jim went home that night and gave his wife the good news and the bad news. He told his wife the good news is he won the war game and the bad news is he played the side of the Chinese by using gold.
      I can’t imagine the CIA sat on that information and did nothing with it. After losing the war game, Bitcoin is probably the countermeasure against gold which Jim’s opponent came up with.

  12. Jerry

    Yea. Happy days are here again. We can all breath a sigh of relief……RIGHT.
    https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
    If , ifs and buts were chocolate and nuts boy oh boy we’d have a super Christmas! Just the facts. You can’t fund 125 trillion dollars in unfunded government liabilities using 3.5 trillion dollars in tax revenue. This proposed tax cut is like trying to fill the grand canyon with a dump trunk.

  13. john

    he is as genius, i have learned so much from him.
    still poor ,but smarter (;
    GREATS FROM GERMANY

    • susan

      I am glad these guys are being exposed for the awful things they are doing, but so wish we could get the culprits involved with the exploitation of precious children and young women/girls.

  14. Angela Johnson

    Wowowowow! Great interview!

  15. D70inilm

    Greg,

    Very good interview. If Mr. Armstrong is correct about the effects of the new tax plan, inflation will rise to 1980’s levels with all the currency returning stateside.

    Yet another reason to own gold and silver, in my opinion.

  16. Shawn

    Greg,

    Thanks for having Marty on your show. He’s the best. If people are serious about being on the right side of the market, they need to follow Martin and ignore the hucksters. I’ve made more money following Marty than anyone else.

    • Diane

      Me too. Shawn. He’s on target too often to disregard his comments.

  17. lucille Johnson

    – Fall 2015 turning point – civil unrest and riots globally says forecaster Armstrong
    – Fed have to raise rates – due to pressure from congress and media
    – By 2020 the cost of servicing U.S. debt will outpace defence spending
    – European banks will collapse and “blood in the streets”
    – Higher rates will also devastate emerging markets who have issued dollar-based debt
    – Gold to “max out at $5000 per ounce”
    – Advocates diversification and holding bullion coins familiar to public such as $20 gold coins
    – “Your portfolio has got to include everything … including bullion”
    This was Amstrong said April 2015

  18. Dr Darryl Jewett

    Thanks, Greg, for interviewing Armstrong. I don’t get it. Why does he believe that we’re not in a stock bubble? I get that we’re in a bond bubble. But by every definition, parameter and criterion, we’re also in a HUGE stock bubble. I took my money out of the stock market eight years ago because there was no there there. Companies represented by the stock markets were and still are for all intents and purposes broke. To satisfy stake-holders, they’re buying back their own stocks. That’s the desperate measures that almost all companies right now are pursuing just to stay in the black, barely. Yet indicators like the DJI continue to break new records. Up by a multiple of 2.5 almost in the past eight years. That’s an average increase of about 14% a year. The only thing propping up the stock market is gov’ts stealing the proceeds from the slave labor of men like me and pumping it into the economy (including the stock market). Pushing the value of indicators like the DJI artificially higher. Rewarding lazy slavers, chronic debtors, gamblers and con-artists at the expense of conscientious, hard-working savers and investors. How is that not a bubble? I don’t get it. Does anyone remember the story about the ants and the grasshoppers? Can someone please explain? How is the stock market not a bubble? If it’s not, what’s holding it up (except for slave labor, which has never been a very far-sighted labor philosophy for any totalitarian empire that’s relied upon it).

    • susan

      Yay!!! As a saver I really hope interest rates go up. I know. I do have PMs, but unfortunately I am a saver also. Alway have been can’t change. It’s my generation.

  19. Bill

    Greetings. We hear a lot about repatriation of money. I wonder if repatriated funds will be used by corporations to buy back their own stock, driving up stock value or will they be reinvested in the rebuilding or refurbishment of American factories.

  20. breamrod

    I was wondering when you’d have Armstrong back on. Thanks so much Greg!

  21. James Brown

    Greg,
    Thank you. Martin Armstrong is my favorite. Early Christmas present. God Bless you. And Merry Christmas to you. Martin says DJIA will hit 37k to 42k by 2020. I expect interest rates will double before then pushing money out of bonds and into stocks. He also says all mainstream politicians will be voted out by 2020. I know it sounds crazy but remember, kid rock for Senate, Randy Quaid for Senate. Song of the day “Yellow Pills” by 2020.

  22. Tim

    This guy is hilarious and, frankly, has no credibility whatsoever. For the past several years he has done nothing but bash precious metals, but now he says gold is the place to be?

    Thanks for the good laugh, Greg.

    • jim c

      Tim I agree, He is not trustworthy, And now he say`s that bitcoin is at a top, there is no way in hell anyone could know that. But not surprised to here his bull because he does not even own bitcoin.

  23. James s.

    Wow.. mr armstrong is impressed that big money will be returning to the USA based on the tax changes…..my only question is where can it go? I would think the same places it’s been going for he last years….assets, stocks,and art……and not a penny going towards small business loans, stock buybacks, or jobs.

    • Beligerent

      @James : Pretty obvious you are correct it goes into pumpin’ up stawks’ and similar assets.
      Gerald Celente pointed out many times if you research when the middle class was growing it was during the 50’s, 60’s and 70’s. The taxes on the ubber wealthy was 70% to 90% at that time! It forced them to reinvest money into upgrading plants, employees and building new facilities. They could either invest the money into those type of assets like hiring more employees and paying them a good livable wage – or – they could give all that money to Uncle Sam. Pretty obvious they preferred to give that money to the employees and expand infrastructure.
      When that tax penalty / incentive was removed it’s been obvious the main places for investment shifted into stawks’, bonds’, art and buying several $10 million dollar mansions while outsourcing jobs overseas. I don’t see any reason it will change until they ramp the multi-millionaire tax rates back up to 70% and 80%.

  24. DougG

    Armstrong is a clever guy but his negative stance on Gold and Crypto currencies is because he is selling a system the relies on the share market.
    Bitcoin is going up because more and more people do not trust governments or central banks plus there are only really 5 million Bitcoins in actual tradable use. There are over 17 million millionaires in the World so not all of them can own a Bitcoin. Watch Bitcoin explode.

    • Boris

      Or implode. Many have bought bitcoin because of central bank and govt. mistrust. But now, the stupid money is driving it higher. People have taken out mortgages to buy bitcoin. A bubble? Yeah. Could it go higher? Yes, it could. Could it crash? It will. The “this time it’s different” mentality always indicates a bubble.

  25. daniel turner

    The guy said the tax cuts would grow the economy and gives half a dozen reasons the economy is in deep trouble. Company’s seemed to have plenty of cash available but did they grow the company ? They bought back shares. A cycles guy should know we are much to far into the debt cycle to stimulate the economy with more money, he in as much says that himself. No doubt the guy has forgotten more than I will ever know but I think tax cuts should have happened in 08 to have done any good at all. Best advice I saw was from Greg to FC can’t go wrong holding physical (anything) under your control.

  26. H. Craig Bradley

    INTEREST RATE SPIKE & REAL ESTATE TURMOIL

    Notice Martin Armstrong is warning people (investors) NOT to buy that second house to “park money” because so many state and local governments are already close to insolvency and when interest rates spike-up (double), it will cause them to raise property taxes even more and “push you out”. He is spot-on about States protecting public employee pensions over everyone else, such as CALPERS in California. Even 401 K’s are looking insecure if states ever get their hands on our proverbial “cookie jars”. Physical gold looks more secure as a hedge on government and a diversifier, as well.

    Of course, this scenario would probably result in residential and commercial property values taking quite a hit, as they are mostly debt based (levered). I’m sure the real estate agents will still keep saying real estate never goes down, only up. Well, I don’t know about that. Instead, there might be quite a period in the future when they go down and not up.

    I’ll bet on Martin being right any day. However, exact timing is another matter. The real question here is when, as 2018-2021 is quite a range and nobody knows exactly when SHTF. Best be well positioned and ready, as his institutional (pension) clients already are. Too bad for Calif. government workers and retirees that CALPERS is not.

  27. Russ

    Thanks Greg. Martin Armstrong is a well informed analyst and he too is using that “reset” word. If the Trump tax plan has the effect MA envisions, it may be a good time to trigger that reset. It would be better to go into a major world reserve currency shift (regardless of the form it takes) with a strong or at least growing economy. But since we can’t know how or when this reset will play out, it’s a good idea to have a good percentage of your assets in stuff that’s real… and then sleep well, knowing you are out of the “market”.

  28. John

    Greg,

    Good interview with Martin this Sunday morning! He has a very common sense approach in regards to macroeconomics. However, the situation in this country is dire. We have seen a record collection of taxes but none of this goes to reduce debt – we are still floating along without being able to control deficit spending. The consumer, the primary driver of our economy, is tapped out. The potential for student loans imploding is a real issue. Yes, the lowering of the corporate tax rates will bring money back here but my fear is that you are going to see rapid transition to robotics/AI and stock buy backs to boost P/E ratios – effectively bypassing meaningful employment gains that can support creation of new family households. I think that the corporate tax reduction is the light bulb shining the brightest before the burnout – the burnout being the implosion of bond prices and rapidly increasing yields. Here is my question – At what yield on government debt which is in the trillions does one start considering the bond being junk? In my view, it is already there so the decline to the downside will be fast. I think Armstrong is correct – there is going to be rapid rotation out of bonds as rates rise but I am not sure that all the proceeds of the bond bubble will go to expanding the equity bubble further. There may not be enough time for that to occur when the bond market eats itself as derivatives are linked to interest rates. I still feel that the “average guy” would be better served by eradicating personal debt and allocating some of their money to gold – outside the banking system. The drums of financial reset (and war) appear to be getting louder and I still feel that out of all the interviews that I have watched on this fine website over the years that Jim Rickards lays it out the best.

  29. Cole

    1) I think you meant to say, “You can’t overestimate the benefits of the tax deal,” not underestimate. 2) Could it be that the world is freaking out over the tax deal because CNN is pushing a false narrative and not just because of how it will make the U.S. so attractive? Once again, your interview has been very informative and valuable.
    May God continue to bless you Greg.

    • Greg Hunter

      Cole,
      I agree and I changed it to “overestimate” thank you for the suggestion. It made it clearer and better.
      Greg

  30. Yankee in NC

    Greg
    Armstrong was a thought provoking guest. But I think he got one thing very wrong. Gold is as portable as a credit card based upon credits for gold in your credit account. In the future the marriage of block chain or a secured crypto coin with gold backing will make the gold as portable as anything else.
    Buying stock and putting your wealth into the stock market is less liquid and portable to me. First, you can not sell stock on the weekend or holidays. There are stock market closings, most recently for weeks after the 9/11. Second, when you sell stock or even bonds you do not get possession of you money right away. It takes days.
    Lastly, the stock exchanges can put a trading halt on stock trading or liquidations for a myriad of reasons.

    • This Sceptred Isle

      Good points!

      • This Sceptred Isle

        Also, I expect when the SHTF people will trade more locally anyway, as you will want to deal with somebody face to face, not somebody halfway across the globe, who may or may not deliver the goods. In this environment gold and silver would be better than bitcoin.

  31. Rob

    Hi Martin and Greg!

    I totally agree with Martin’s analysis that the USA economy will be made great again and this will occur through the 7 year tribulation that is looking more likely to begin in 2018 as many things are converging such as blockchain technology that will give the beast the power to control all buying and selling by the midst of the tribulation that will be in 2022 if the trib begins by the fall of 2018:

    Revelation 13:16-17 And he causeth all, the small and the great, and the rich and the poor, and the free and the bond, that there be given them a mark on their right hand, or upon their forehead; (17) and that no man should be able to buy or to sell, save he that hath the mark, even the name of the beast or the number of his name.

    One must remember the city of ancient Babylon was also the nation of Babylon which was also the 3rd major Empire called Babylon so it stands to reason that Mystery Babylon called the great city could also be the great nation called the USA that will be the first country totally destroyed as the year of the redeemed commences immediately after the 7 year of tribulation as the rest of the world looks on in horror! I am only pasting a few verses from Revelation chapter 18 but please read all of it to see MAGA will manifest right before Father burns it with fire:

    Revelation 18:2-5 And he cried with a mighty voice, saying, Fallen, fallen is Babylon the great, and is become a habitation of demons, and a hold of every unclean spirit, and a hold of every unclean and hateful bird. (3) For by the wine of the wrath of her fornication all the nations are fallen; and the kings of the earth committed fornication with her, and the merchants of the earth waxed rich by the power of her wantonness. (4) And I heard another voice from heaven, saying, Come forth, my people, out of her, that ye have no fellowship with her sins, and that ye receive not of her plagues: (5) for her sins have reached even unto heaven, and God hath remembered her iniquities.

    Revelation 18:21-24 And a strong angel took up a stone as it were a great millstone and cast it into the sea, saying, Thus with a mighty fall shall Babylon, the great city, be cast down, and shall be found no more at all. (22) And the voice of harpers and minstrels and flute-players and trumpeters shall be heard no more at all in thee; and no craftsman, of whatsoever craft, shall be found any more at all in thee; and the voice of a mill shall be heard no more at all in thee; (23) and the light of a lamp shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the princes of the earth; for with thy sorcery were all the nations deceived. (24) And in her was found the blood of prophets and of saints, and of all that have been slain upon the earth.

    Father warns His people to come out of her iniquities before His wrath commences in the year immediately after the tribulation but it is obvious that mystery Babylon who is the USA will be the first nation to fall for the blood of prophets and of saints, and of all that have been slain upon the earth because what nation is guilty of more wars by proxy and outright prodding than America with its three letter associations such as the:
    CIA ~ (C)ival (I)nsurrection (A)ssociation
    NSA ~ (N)akamoto (S)atoshi (A)ssociation

    Prepare saints for the church is going through the tribulation:

    https://sumofthyword.com/2016/10/04/the-rapture-of-the-church-is-after-the-tribulation/

    Love in CHRIST! Rob

    • Andrew

      Cretin

      • Rob

        Thank you Greg for allowing even the weakest of minds such as Andrew the opportunity to share their opinions even though they rarely post anything closely resembling wisdom, you still take pity on them by offering a platform for them to demonstrate why it is they can not string together any comprehensible thoughts much less operate a website!

    • Donald

      “7 year tribulation”

      ?? Where does this 7 year time frame come from? There is no such reference anywhere in the scriptures.

      “it stands to reason that Mystery Babylon called the great city could also be the great nation called the USA”

      Here is another one. Not sure how the USA got connected to Babylon. Nations and religion are treated as separate entities in the Bible. Babylon is clearly used to picture false religion – just as it was false in the time of Nebuchadnezzar. Examine the historically known false beliefs and practices of Babylon and more importantly how they affected people, and you will learn a lot about “religion” that is repugnant to God.

  32. David John

    This “tax cut” is just more of the same trickle down BS that Republicans have been trying to sell to us since Reagan. It didn’t work then. It didn’t work when Dubya tried it. It’s not going to work now. The difference between Republicans and Democrats is simply this: Republicans borrow and spend, Democrats tax and spend. Either way, middle class Americans get screwed, and the elites laugh all the way to the bank.

    Insanity: doing the same things over and over again and expecting different results.

    • Greg Hunter

      John,
      You are factually incorrect. Tax cuts did work under Reagan and his average GDP growth rate was 3.5% Obama’s was 1.2% and he raised taxes tremendously. What do you think Obamacare was–A HUGE TAX increase on multiple levels. How did that work–it didn’t!!!!1
      Greg

      • ross

        True Greg but how does the money get to the masses who are the consumers ? Robotics is replacing jobs already and still consumer demand is what really drives corporate profits. There will be an initial boost but the follow through will have to be in an increase in real wages and I cannot see that happening.

      • Dr Darryl Jewett

        @ Greg – No, tax cuts did not work under Reagan for the same reason, in part, that David mentions. And @ David – there are no Republicans and Democrats anymore. They’re the same party. They both steal the proceeds from the hard labor of conscientious men. The only difference is that the two parties give those proceeds to different demographics in exchange for votes and absolute power. Republicans are very big proponents of a welfare state no different than Democrats. They just want welfare for the demographic that supports (enables) their party and its addiction to power and control. The demographic (conscientious and hard-working men) pay for the welfare no matter which party is administering it… Democrats or Republicans. They’re different sides of the same coin. Neither party has a monopoly on corruption, evil, incompetence, stupidity and bureaucracy. I’ve written before and I’ll write again, the only reason that Democrats have been able to advance their totalitarian police state as much as they have is that the Republicans have pushed them along so far and present an even worse alternative as gov’t than Democrats. Remember: most Republicans believe (seriously) that no one has ever died from lack of access to health care in the United States. That ridiculously stupid conclusion completely divorced from reality makes the evil Democrats look practically like a bunch of benevolent geniuses. I remember the generalization about the two parties: Democrats are the Evil Party but Republicans are the Stupid Party (and with a belief like “no one has ever died from lack of access to medical care,” who can argue that Republicans are essentially idiots). As much as I hate generalizations like this, it’s hard to dismiss. I do believe that Democrats are essentially evil. I don’t necessarily believe that they’re particularly smart as a collective. But they’re smarter than Republicans. Running circles around them. And Democrats don’t have to meet an absolute standard of intelligence to run the country. They just have to be smarter than the alternative – Republicans. Not exactly what I would call a high standard with: no one has ever died from lack of access to medical care. I wouldn’t expect recent developments to support rehabilitation of the Republican party. It’s dead. As I’ve written before, as bad (evil) as Democrats are, Republicans remain their own worst (stupid) enemy. I suspect that in the near future, the Republican party will be replaced. Not the Democrats. The only way to defeat evil is to be smarter than it. The Republicans will have to step up their game a lot. I don’t see that happening. Perhaps the solution isn’t in the United States. Perhaps defeat of the Democrats will have to come from outside the United States.

        • Greg Hunter

          Dr,
          Tax cuts did worked. It’s a fact, and we were coming out of a very rough recession and the Reagan Admin grew the economy on average 3.5% as opposed to Obama’s 1.9%. That said your point are well made and well taken.
          Greg

          • Dr Darryl Jewett

            Thanks, Greg. Always look forward to your insight. But as a young student living on the street and eating out of garbage cans, I didn’t see any benefits of those Reagan tax breaks (trickle down economics doesn’t work because people are naturally self-serving and there’s a huge parasite called feminism siphoning off any benefits). As a matter of fact, I was audited by the IRS, forced to pay taxes on non-taxable income and forced to pay a fine greater than the income itself (because I allegedly didn’t pay taxes on the income which was exempt from taxes in the first place). Taxes are regulated by laws. Lots of laws. And the problem with a huge system of taxation like we have in the US is that there are lots and lots of laws to regulate it. Plato wrote: Conscientious men don’t need laws to be conscientious and unconscionable men will always find ways to violate laws. Which means that taxes and the laws regulating their administration (including the tax breaks under Reagan and the laws regulating them) seldom work out the way everyone wants or expects. Conscientious men will always obey laws but unconscionable ones will always find ways to break them or exploit them or use them against conscientious men. Especially if you were like me back then and expected that people were generally good. After sitting in the office of my local IRS Agent and listening to him tell me (a customer with $2,800 a year income who worked 100 hrs a week in public service) that he can do anything he wants and I don’t have the money to stop him, well that was a big lesson for me in law and society and life in general. People are generally evil. If not evil, then they’re mostly stupid. As much as I want to believe that the tax breaks under Trump will help me, I doubt they will. Because our system of welfare in this country is a parasite that threatens to kill the host first before someone else can kill the parasite. Even if any tax breaks or system of taxation is well-intentioned, there is a huge parasite there to co-opt it for its own benefit and at the expense of the conscientious men like myself who should be benefiting from it and getting relief (so that we can continue working in support of this country and civilization). Even if the tax breaks envisioned by Trump are well-intentioned, I doubt they’re going to work out the way he or anyone else expects. At about this time, someone would normally ask me, “Well, Dr Jewett, if you don’t like how things are being done, then instead of complaining, what would you do instead?” And my answer would be that instead of creating new tax regulations and laws, the ones that are already on the books that are not adequate or represent too much law need to be eliminated. And then maybe (maybe!!) if the problem hasn’t been solved, then you can implement new laws. But many of the laws that allow parasites to use our system of taxation as a host need to be eliminated first. Otherwise, more laws aren’t going to help. They’re going to hurt.

          • JC

            Greg to try what may or may not have worked in the Reagan days is like putting a band aid on a whale.
            I am on page 3 of things that has never happened before 2017, and records broken in 2017. Jobs will not recover the USA because the world is in deep trouble.
            poor folks don’t buy new cars.
            Recycling waste is what helped the recovery under Reagan. Trickle down has never trickled down. I doubt it will today.

            • Beligerent

              Those trickle down economics or Voodoo Economics don’t work or have a marginal effect at best. History has shown the only way to correctly trickle down that wealth is to tax the ubber rich at 70% and 90%. All you have to do is look when the middle class was growing rapidly and look at the tax rates.
              Once that happens the ubber rich either have a choice of giving all that money to Uncle Sam or putting that money into places which are deductions like raising employee wages, building new plants, hiring more employees, etc. History has already spoken and taxes have been around since recorded history.

  33. jim c

    Here we go again, Another person bad mouthing bitcoin because he does not have any. There is NO possible way to guess a top of bitcoin , And he talks about the stock market going to higher levels ( like there are statistics that warrant it ) without talking about the manipulation of the stock market.

  34. andrew

    Only 9 days for Armstrong 2017 $5000 gold

    https://www.youtube.com/watch?time_continue=8&v=q3APReBnpdk

    • This Sceptred Isle

      That would be a nice Christmas present!

      • Macray

        Andrew
        Tyou for posting Martin Armstrong’s video he made back in July of 2013. Unfortunately “for gold investors looking to profit from his $5000 US gold call”, it “isn’t” going to happen in 2017.
        If only he just left off the 2017 part and played it safe ….. : )))
        Since the time of his July 2013 prediction, gold has not even reached the $1,400 US level.
        From my perspective, once this level is reached and breached, then the gold markets will get very interesting, very quickly.
        I am not going to make a YouTube video on this because posting a prediction in the Comment section at USA Watchdog is much-much better!!! I could play it safe and avoid the possibility of looking like a fool, but I’m a Watchdogger so that is not going to happen!!!

        Macray’s 2018 Gold Prediction for Greg and his Watchdogger audience.
        For the “first time in over 4.5 years”, Gold will reach and breach the $1400 level by the end of the first quarter of 2018. And then the gold markets will get very interesting, very quickly.

        https://en.wikipedia.org/wiki/Carnac_the_Magnificent#/media/File:Carnac.jpg

        • Keith wilson

          My predictions for 2018. Yemen militia invades Saudi Arabia and the Kingdom collapses due to its army refusing to fight on Friday after morning prays. Israel announces it was behind 9\11 attacks. Used terrorist false flag to get American and its empire to sort out dictators in middle east. Afghan Taliban captures Kabul. Due to ghost afghan army divisions only existing on paper. Bitcoin hits five million per bitcoin . Gold and silver hit new highs. Harvey Weinstein comes out and tells CNN he is having relationship with Michelle Obama and she is wearing the trousers in and out of bed. Goldman Sachs admit to market rigging and gets two trillion from congress to cover any fines ?

  35. Mr Mister

    I am working on the assumption that Martin Armstrong’s bots sources information from official media and government. Oh what can go wrong???

  36. ross

    Martin is not correct on the medium of exchange in gold or silver. In small denominations gold /silver transact faster than Bitcoin.People have to stop looking at price in cryptos and look at market cap which is 14 times smaller than the physical bar/coin metals market and 200 times smaller than the share market. Look also at the rate of change in cryptos i.e. in what time span do they double or triple. This gives a better indication of growth or bubble territory than price increases.The variety of cryptos are not limited, so in time we will see prices stabilise and even reverse. We can only hope that the pressure of cryptos do not push the Central bankers into desperate things like war with Russia.

  37. Michael

    What I don’t understand why wasn’t there a carrot and stick approach
    If you bring your money back ~ You get a tax break ~ If not No Tax Break
    If you buy American ~ You get a tax break ~ If not No Tax Break
    If you hire Americans ~ You get a tax break ~ If not No Tax Break

    I happen to be a Republican but need to call the kettle black when it’s black
    If there are carrot and stick approaches to Social Programs
    Shouldn’t there be a carrot and stick approach to Corporate and Elite giveaways?
    if not ~ call it what it is ~ Corporate Welfare

  38. Rolf

    In 1999 Armstrong was charged with fraud by the SEC and the CFTC. Armstrong was imprisoned for eleven years on contempt of court and fraud charges.

    • Diane

      Watch the FORCASTER movie.

  39. David

    Hello Greg, I was curious if anyone could explain about interest rates? A year ago, all of the precious metals commentators said that the Fed would Never again be able to raise interest rates, Never again. Are we in an alternate universe, maybe? Because, it sounds like they might go up, by a lot! Could maybe some of these Ex-Experts Expound on this subject? Thank You!

  40. daniel turner

    Looks like most people disagree with Armstrong and offer some very good arguments.
    It seems they are getting a good education with USAWatchdog. It is rare I don’t watch completely a interview and got 3/4 through this one before I had enough.

  41. Robert

    Greg – Thanks for having Martin on. I follow him regularly and he has great insight to bring to the up-coming unraveling we all will face. The man consults with big money and govts. the world over and is due more respect than many give him. Gold bugs hate him because he’s been spot on with it’s price performance (pardon the pun), and his explanations of the history of currencies (via his blog) is very informative. He’s been pounding the table for years about govt. debt problems and it’s all coming to head soon. Hope we can come out the other side relatively unscathed – but it’s likely some of us won’t make it. One things for sure – our govt. is corrupt the core.

    • Gary

      Martin has forecasted events better than ANYONE on the Internet.
      This guy is down to earth, and appears on sites like this to help the average guy.
      When Marty can charge two million to a Central Bank or Hegde Fund, and get it
      and then put out Socrates for a small fry like me, then I hope he will stay the course.

      FD Subscribe to Socrates

  42. Mohammad

    Greg,

    The demise of the sovereign bonds is the demise of sovereignty.

    Who cares then where the dow goes or how much profit you will capitalize on your equity if …..THE COUNTRY IS GONE…..Take it from someone who lost his mother country Syria, it is NO GOOD.

    Mohammad

  43. Jak

    I have been reading Martin’s blog for over 4 years now. Unfortunately, I didn’t follow his advice because he’s been spot on. He said the Dow would first hit 18,500, then 23,000 and then the extreme target 30,000-40,000. He said reaching the extreme target “will result in a disastrous outcome.” You can google that to find his quote. He has also said stocks and gold would rise together which hasn’t happened. It looks to me like bitcoin has replaced gold, at least for the time being. Bitcoin can’t be a store of value, look at how volatile it is. Gold has been a store of value for thousands of years. Stocks are overvalued by every measure you look at but if people panic out of bonds, I can see stocks rising to the levels Martin alludes to.

  44. Macray

    Jerry
    Do we have you to thank for the Don’s national security strategy speech tomorrow? : )))

    Yuan denominated oil contract finally hitting home as Trump administration preparing for economic war to save the Petrodollar

    Now that Washington’s gambit to try to start a war in North Korea has failed, it appears that the Trump Administration is finally recognizing that economic threats from Beijing to the long-standing Petrodollar system are now very real. And this is in large part due to China’s moving forward with a Yuan denominated oil contract that may or may not also be tied to gold sometime in the future.

    Just a few short days after Chinese regulators gave the green light to petro-yuan futures trading, signaling an escalation in the war against dollar hegemony, President Trump is reportedly set to accuse China of “economic aggression” in efforts to “undermine international order” during his national security strategy speech on Monday.

    http://www.thedailyeconomist.com/2017/12/yuan-denominated-oil-contract-finally.html

    • Jerry

      Macray,
      I only call them as I see them. There has been a three pronged plan to take the dollar hegemony down and replace it with the Yuan for quite sometime.
      1. Gain SDR status from the IMF………check.
      2. Corner the worlds gold supply……..check.
      3. Launch petroleum contracts is Yuan……coming Christmas day.
      The plan seems to be working.
      https://www.dawn.com/news/1377459

      On Christmas morning while sleepy eyed Americans open up their cheap trinkets made in China, China will be opening up a can of whoop ass on the American dollar. Yuan clearing houses set up all over the world in anticipation of new capital flows are now ready to begin trading, thanks to the work of Hank Paulsen and Timothy Geithner and “The Working Group” . We have been sold out, and not even the Donald can stop it.

      But don’t worry. Those that haven’t bought into the false narrative being peddled by the Wall Street Bankers (JMILLER that would be you) and have taken the proper steps to prepare, with the extra time we have been given, will be just fine. Sit back and watch. The show is about to begin.

      • JMiller

        Jerry,

        First, I am not a wall street banker and secondly, almost every comment I have posted on this site the last two years is true and accurate. Some of what you posted was clearly not true or accurate. So I had to correct you several times in the past which obviously you can’t handle since you end up resorting to childish insults.

    • Jerry

      Macray,
      If any of this information is true, we are in a lot of trouble.
      http://thefreethoughtproject.com/julian-assange-calls-out-establishment-coup-install-mike-pence-president/

  45. mushy

    Oh yeah!

    Be careful with gold and silver. If a crash comes the gentlemen upstairs will want it ALL.

    I.e. – do you really think they’re gonna let you keep gold and/or silver. NO WAY…

    • This Sceptred Isle

      ANY asset can be taken away or taxed into oblivion. Real estate looks more vulnerable because, as Armstrong said, the tax rates on them can just keep creeping up and up. Pensions, similarly, are a sitting duck waiting to be targeted. Cash in banks is also another asset which could be confiscated with minimal fuss.

      Do enough people own gold and silver for the government to consider breaking down doors to get it? The government will target the ‘sitting duck’ assets that cannot be hidden first. I think tax rises on the selling of gold and silver are more likely than outright confiscation.

      • mushy

        I’m talking about gold & silver specifically – not alternatives. When they announce a high enough penalty for having illegal PM’s you will literally run to the collection site with all you have.

    • Flattop

      Mushy;
      They gotta know to take it, and I aint talkin

      • mushy

        You just did all the talking they need!

      • Paul ...

        Now if government confiscation is a worry … think like a crook … “simply don’t buy any gold coins” … simply buy some very cheap “gold plated tungsten coins” … just to have something to give to the Government agents when they break down your door to confiscate your gold coins (you don’t want the crooks to go away empty handed) … and if they come back to complain that the coins they confiscated “are fake” (then you must have been swindled) … and grounds to turn the tables on the crooks and take “a huge loss” on your income tax return!

        • sk

          LOL

  46. Jerry

    Greg,
    Because you have been so gracious to let me post information on your site, you and your readers will be the first to know what is heading our way.
    https://oilprice.com/Energy/Energy-General/Yuan-Priced-Crude-Futures-Could-Arrive-Before-Christmas.html

    The Chinese have been doing test runs in preparation for this event for months. While I’m not going to sit here and pretend I know what the ramifications mean, it can’t be good, when you consider that over 90 countries participated in the beta test. Just keep in mind when countries start using gold backed Yuan for oil trading, dollars WILL be sold off. The bond markets is primed to explode. This could be just the spark to set it off.

    • JMiller

      Just to clarify what Jerry said about a gold-backed Yuan for oil trading, these Yuan denominated oil futures contracts are not really gold-backed the way some are making it sound. These are Yuan priced oil futures contracts that are convertible to gold futures contracts. Both Alasdair Macleod and Grant Williams, who are knowledgeable individuals, make it clear that the Yuan denominated oil futures contracts are not gold-backed.

      https://www.goldmoney.com/research/goldmoney-insights/oil-for-gold-the-real-story

      https://www.youtube.com/watch?v=KA1BJXbZuCo&feature=youtu.be

      https://www.macrovoices.com/guest-content/list-guest-transcripts/1314-2017-11-2-transcript-of-the-podcast-interview-between-erik-townsend-and-grant-williams/file

      Also Bill Holter on the Dave Janda show said that the petro-Yuan being gold-backed was not true.

      • Jerry

        JMILLER
        What did they say? Yuan petroleum benchmark silliness? The pundits are wrong about that according to multiple news sources. Oh yes who could forget no SDR by the IMF for the Yuan? They’ve been wrong more times than they’ve been right. But hey I guess if you publish a book you can say whatever you want.

        • JMiller

          They said that the Yuan petroleum benchmark is not really gold-backed as you and some “news sources” have been stating. The “news sources” that say that these Yuan denominated oil futures contracts are convertible to gold do not explain that they are really convertible to a gold futures contract.

          • tin foil hat

            J Miller,
            These Yuan denominated oil futures contracts are convertible to gold via exchanges in Dubai and Hong Kong gold futures contract.
            Unlike the COMEX and the CBOT which pulled a fast one on the Hunt brothers by changing the rules, stating that no investor could hold over millions oz of silver contracts and raised the margin requirement, Dubai and Hong Kong will honor (back) the futures contract denominated in yuan with physical delivery. The beauty of this scheme is that Dubai and Hong Kong will have to replenish via the Comex or LBMA – dollar denominated gold or gold futures.
            I suspect when gold price reaches over $7,000 to $8,000/oz, China will then loosen its tight restriction on the flow, allowing gold to be exported out of China via SGE – backing the yuan denominated oil futures with yuan denominated gold or gold futures.
            In short, China is backing the yuan denominated oil futures with dollar denominated gold via Dubai and Hong Kong until Comex and LBMA are broken.

            • JMiller

              Yes, oil futures contacts convertible to gold futures contracts.

            • JMiller

              tin,

              Thanks for you comment which I agree with what you said however does the exchanges in Dubai and Hong Kong even have enough physical gold for delivery to cover all the oil futures contracts if they are then converted to gold futures contracts? I am sure Koos Jansen, Alasdair Macleod, Grant Williams, Bill Holter, etc…know how futures work but they say that these Yuan denominated oil futures contracts are not gold-backed for some reason.

              Currently China does not have enough gold to come close to backing the Yuan. So I would not be surprised if these exchanges would not have enough physical gold to cover all the oil contracts if they are converted to gold contracts but I do not have that answer.

              • JMiller

                Just to add to what I said above. I found out that the Yuan denominated oil futures contracts are really not gold-backed. According to Dave Kranzler gold-backed means the ability to exchange paper for gold. Can you exchange the oil futures contract for gold? The answer is no. You must first exchange it for a gold futures contract. It is the gold futures contract that might be gold-backed if they have enough physical gold. So Koos Jansen, Alasdair Macleod, Grant Williams, Bill Holter, etc… are correct when they say that the Yuan denominated oil futures contracts are not gold-backed. Those that are saying that the oil futures contracts are gold-backed are not accurate in their statement.

              • tin foil hat

                The exchanges in Dubai and Hong Kong DON’T have enough physical gold (AT THE CURRENT PRICE) for delivery to cover all the oil futures contracts.
                When oil exporters start converting their yuan for gold, gold price will raise, I hope gradually, in both dollar and yuan unless Comex and LBMA have another 8,000 tons of gold to throw in the Dubai/Hong Kong abyss.
                Hence, the backing is the obligation or guarantee convertible/deliverable at market price at Dubai or Hong Kong, not the traditional meaning of back by FIXED yuan or dollar price gold.
                The only reason there isn’t enough physical gold for delivery to cover all the oil futures contracts is because the price of gold is purposefully mispriced and suppressed at the current level.

    • Jerry

      If any of you are needing a refresher course, go and look up “reserve currency status”.
      https://www.rt.com/business/413502-yuan-crude-futures-christmas/

      The economic game of kicking the can down the road will quickly come to an end once the petrodollar is laid to rest. Those of you who are “TIRED OF WAITNING” for something to happen may get your wish sooner than you think.

      I hope you have used the extra time that the lord has given you wisely. Those of you still living in denial? There’s not much I can say but good luck. You’re going to need it.
      Those of you thinking that there’s nothing you need to do, because the lords going to take care of you? Obviously you haven’t read your scriptures. The history of Christ’s followers in the last dispensation and this dispensation is not always good. The bottom line is to be prepared on ALL levels at ALL times both physically and spiritually because you never know what can happen. I recently administered to a man that had two years supply of food storage. The bad news is he died before he got to use it. The good news is his son took it and will probably get to use it for his family. You never know?

  47. Daniel

    I admit that I have posted my comments before listening to the interview. The reason is because I know what the NY banker crooks are capable of. Any repatriation of money to the U.S. will be folly if it does not go to reinvestment in manufacturing here in the USA. I heard these weasels say it will be good for “STOCK BUYBACKS”. tHAT MEANS THE CEO’s will pump and dump the stocks, sell off their shares and make tons of money but it will mean nothing for “INVESTING IN THE USA”. So yes, bring back the money but point it towards bringing back manufacturing and jobs back here.
    Stok buybacks will cause me to say BS. R&D, new plants, etc. will be good, but not letting the blankfein, dimon crooks get even richer.

  48. Jodyp

    Predictions…even my local weatherman gets it right from time to time. We know the storm is a comin’.

  49. The Seer

    When the Chinese buy property overseas they have to prove they rented it for two years and cannot sell it for two years.

  50. Mohammad

    Greg,

    A wild thought, think about what i will say for a second,

    Cryptocurrency and mining is all about power consumption and turning power into thing,
    Why not … all digital social media interaction on our phones, computers are ONLY a way of using our individual power that we are paying for with hard work (when we pay our bills) and whenever we are on the net WE ARE CREATING CRYPTO CURRENCY by being hacked through those apps and used by the social ALTERNATIVE MEDIA creators from Facebook, Youtube, Pay pal…etc???????

    it is like we are the minions and we are creating to them their digital currency that they will slave us with…..!
    Why do they need super power computers for MINING when they will use the collective powers of the phones computer of every one on the grid on planet earth????

    Mohammad

    • Mohammad

      One more wild wild thought…
      Why not this private server the Clintons had , was their cryptocurrency bank?????????

      Mohammad

      • Diane

        LOL
        Joseph P Farrell would call that high octane spectulation, Mohammad.

  51. Ross Herman

    Hello Gerg,
    First of all if this tax deal is good for regular people then it would never be allowed to pass. I would like to know what Dr. Paul Craig Roberts thinks. Second if there is any rise in interest rates the entire system would vaporize before it got to 4%, in my ignorant opinion. I assume that if you can’t even pay the interest on the principle that you have certainty crossed the rubicon, but I have seen many rubicons reached and passed in recent years producing very little real world impact. Silly me I actually thought that when other countries (that were once buyers) stated dumping US government debt that it would have some affect on interest rates. Or that when the US government corporation founded ca. 1870, by the US gov bankruptcy, that went bankrupt again ca. 1931, and again recently (but this time the entire bankruptcy issue is just indefinitely ignored) that interest rates would be affected. In a computerized world it may be that illusion in the financial system can be maintained not as long as the math makes sense, but as long as it takes a hypnotized population to wake up and remove their wealth from banker control.

    • Greg Hunter

      Ross,
      You are incorrect. USAWatchdog.com is an IIC and I p[ay the top tax rate for some of my earnings. Lot’s of small businesses are either and LLC “S” corp. or some other pass-through. The cuts will help. The problem I have with this whole thing is Congress should have cut the budget dramatically in other areas and not a single thing was cut. We spend too much and need to cut this but that is not the way they went.
      Greg

      • Ross Herman

        You say the tax deal is a tax cut, if that is true then I agree it will be helpful. However I know that the actual bills are never read by the people who vote for them and that typically they produce a law that is diametrically opposed to the title of the document. And by the way the whole deal with a foreign, privately owned corporation, like the IRS that unconstitutionally steals the wealth of working people, is stinking to high heaven. Books have been written exposing the evil conspiracy (the Jekel Island book) to steal the wealth of a nation and yet American people just continue to pay these criminals. I convinced now that I will never live to see crime punishable or justice prevailing.
        Thanks for all you do!

  52. Neil

    How about Chris Hedges as a guest. https://www.youtube.com/watch?v=i5X3NRD00FY

  53. dachsielady

    Was kind of let down by this interview of Martin Armstrong. I heard him interviewed by X22 report a little over a year ago and was quite impressed but this interview seemed like almost a rerun of that earlier interview.
    I wish Martin Armstrong would have been asked about the 21 trillion missing dollars of the U.S. government that Catherine Austin Fitts speaks of. His unique outlook might have been quite interesting.

    I remember Mr. Artstrong saying on that Oct. 2016 X22 report
    “”You have several states that have been lobbying , for example, California, Illinois and Texas, where the leaders behind the curtain of the lobbying effectively that what they want to do is seize all the private pensions and then the state would manage that because they’re broke on the public side.”

    I was never able to find any other information about this supposed lobbying scheme by state of Texas interests but I do recall Armstrong was speaking about this in the context of being a ponzi scheme. Seems there ought to be some sources and names to find if this lobbying is actually happening.

    I do know that from my perspective we are in Texas constantly told by the state Comptroller and other media entities how great the Texas economy is, yet unemployment is going up and stores are closing and basic living necessities are noticeably going up in price. The Dallas Police and Firefighters pension fund went bankrupt and I do not see how the big Texas public pension funds are staying afloat nor how these retirement funds can call themselves “fully funded.” It all seems like a false surreal picture that we are expected to believe in and feel hopeful about when all around us, things are crumbling.

  54. Marcia Armstrong

    You are incorrect in your perception that CA is a high receiver of fed tax money back in comparison to federal taxes paid. https://www.mises.org/blog/which-states-rely-most-federal-spending CA is down about 36 down on the list of states.

    • Greg Hunter

      Not what was said Marcia. California has a high state income tax. It’s more than 13%, and they get to write is all off under the old plan.
      Greg

      • Arthur Barnes

        California’s State income tax is 9.8 percent (the highest rate), not 13.
        Best Regards, a b

        • Greg Hunter

          Arthur,
          No, I am correct. The top state tax rate for California is 13.3% : http://www.tax-rates.org/California/income-tax Here’s a different reference. The 13.3% top bracket is the so-called “millionaires tax.”
          Greg

  55. Wayne Swanson

    Some bright person should make a flow chart of all of the pundit predictions. When they come true, they are put in green, when not, they’re put in red. What color would that chart be mostly after, say, 5 years. I’m betting on red.
    Nevertheless, thanks for the interview, Greg. You do great work.

  56. Paul Beattie

    Liberal Objections to the Republican Tax Bill. Sometimes, all you have to do to reveal the absurdity of someone’s argument is to play it back to them in a more organized way. Ready for this? Here are the main democrat objections to the Republican tax bill. First, the bill “favors the wealthy too much. It is a giveaway to the rich.” Second, and I shit you not, the bill TAXES RICH PEOPLE in New York, New Jersey, California, Illinois, and other badly run, high tax locales TOO MUCH (by reducing the deduction for high local taxes). So, we have, at the same time from liberal loons — the bill does not tax the rich enough and the bill taxes certain rich people too much. I guess you have to be the RIGHT kind of rich person for democrats to support you, just like you have to be the right kind of rapist (Clinton, Weinstein). They also argue that the “people who are paying almost NO taxes are not getting enough of a tax cut.” This is what passes for reasoning among liberals these days. Regardless, it does not look like even a single democrat will vote to allow hard working Americans to keep more of their own money. Democrats voted for the Reagan tax cuts, the Kennedy tax cuts, and even the Bush tax cuts, but none is voting for this one. That’s right you brain-dead congressmen and senators, who are themselves rich, RESIST, RESIST, although the country crumbles.

  57. Flattop

    GREG: A question
    Since the economy is improving, and it appears with tax cuts, corporate money will be coming back to the US. Is there still a need to be buying gold/silver??

  58. Walter Baumgarten

    I disagree that this tax deal will be a great thing for the economy. Yes it will be a big deal for the corporations and their greedy CEO’s and Boards of Directors, but I have no reason to believe that they will share ANYTHING with the working people. In fact, I’ll bet they use the increased profits first to pad their own pockets, and then to replace as many workers as they can with kiosks, robots and machines of every sort. Greed is a Disease that can only be cured by disaster.

    Martin is right about why we voted for Trump – the Democrats are dirt and the Republicans are garbage. Trump was neither. We need better choices but I doubt that we will ever get them. Just look at how the parasites assault our president at every turn. This nation now has a new “war”. It is a War Against Prosperity and the chronically greedy are leading the attack.

  59. Lake M

    Greg,
    Our friend, Catherine Fitts has a new interview titled BITCOIN: IT IS NOT WHAT IS SUPPOSED TO BE, where she discusses Bitcoin/Blockchain, calling it a device of the global elite to enslave the population. She said “their policies of controlling economic growth, harvesting the citizen’s wealth. developing entrainment through technology and building a massive surveillance grid of humanity represent a dangerous hazard to the entire Globe.”

    The “Bitcoin OP”
    By design, Bitcoin is being presented as a safe currency, a technology which will provide a solution to restore integrity to our financial systems when it is really a pump and dump scheme, and a mind control tactic to prepare for the adoption of digital currency and digital control of peoples wealth, a primary goal of Central Banks and the financial elite. Oligarchs Visa and MC have also publicly stated a primary goal is to usher in a digital currency. Current Bitcoin frenzy is speculation
    and a get rich scheme. It is not being used as money. A role it is unlikely to fulfill.

    For all believers, nonbelievers and those questioning the parabolic rise in the price of Bitcoin…. check out her interview at:

    https://www.silverdoctors.com/headlines/world-news/catherine-austin-fitts-bitcoin-is-not-what-it-pretends-to-be/

    • Mike R

      Just MAYBE Bitcoin WAS created by government or central banks or the IMF, as a scheme to get people into the ‘cashless’ society that’s being talked about ?

      Has anyone actually ever seen this Satoshi character who supposedly invented it ?

      What better way to suck everyone in than to mysteriously bid up the prices, and make it appear as though everyone touching it is getting ‘rich overnight.’ once most of the populace is at least partially ‘in’, then the FED in conjunction with the IMF announces they are eliminating cash by some date certain (say 2025), and THEN everyone clambers into Bitcoin with the rest of their ‘dollars’, and THEN, comes the big fat bust, where the Bitcoin price crashes back to about what was the price/value of $1.

      So you think (temporarily) you are a multi-millionaire, when the price hits $300,000 or $1,000,000 for each coin, only to suddenly see it crash and nearly evaporate. That and all your previously hard earned ‘fiat’ that you put into Bitcoin, THINKING, that you would be avoiding the fate of the worthless Zimbabwe dollar.

      So now who exactly is the genius ???

  60. Arthur Barnes

    Greg, if only your guest’s opinion could be true, but beware the “chicken in every pot” predictions as they can and usually are incorrect. In my world, which, of course, is a small one, nothing ever ends up as you think it will. Regards, a b

  61. Mike R

    Interesting. So Armstrong says stocks are going to the moon… 40,000 on the Dow, etc.
    Him and many others say that too.
    Many say Bitcoin is going to the moon, depending who you ask $300,000 to $400,000 or even some say $1 million. These sorts of prognostications, and they occur nearly simultaneously with previously uncorrelated ‘assets’, become very frequent and more pronounced when we are nearing the top.

    Here is the psychology then for many individual investors, especially those with brokers they rely on for ‘advice.’

    “As each bull market unfolds, the broker advises his clients that, if they don’t continue to buy, they’ll be “missing out,” and the opportunity for enrichment will pass them by.

    Each investor who’s roped in by this spiel reinforces the broker’s prediction, expanding the bull market and attracting more and more investors to get into the game.

    Then, something very interesting happens.

    In a major bull market, when investors have reached their limit, they’re advised that they can buy on margin and increase their position. This is acknowledged as being risky in normal times, but these are not normal times. This is the mother of all bull markets, and “the sky’s the limit.” The investors dive in.

    When they become so strapped that they cannot buy on margin any further, many investors, believing that they’re on the cusp of getting rich, borrow money privately to buy on margin and, in so doing, become dramatically leveraged, but they do so because the broker promises that the bull market is going “to the moon.”

    But, like all bubbles, this one, too, eventually pops. Naturally, Wall Street doesn’t want an uncontrolled collapse of the market (after all, they wish to get themselvesout before a crash), so, their ideal scenario is to create a controlled crash. Once the writing is on the wall, they themselves sell out, just prior to a trigger that will collapse the market.”

    So now, with Bitcoin and many crypto’s, especially as many thousands of percent gains have occurred in very short time periods, people are selling their homes to ‘buy Bitcoin”, maxing out credit cards, refinancing, and using many other forms of ‘margin’ or leverage, that is un-traditional from what is used with stocks.

    Think of the leverage, upon leverage, upon leverage built into the financial system, and the ‘alternative’ financial digital system, whereby you also have a high degree of the use of derivatives to lever the very low interest rates, and very much more now than ever, debt that has been loaded up by MANY corporations and businesses worldwide. And then you have consumers, and individuals loaded up to the gills with debt, and now using that debt to buy more ‘leverage’ via crypto’s, and the crypto’s being further leveraged by the recent introduction of futures (more ‘bets’) on crypto’s.

    Real money, gold, has not however been ‘going to the moon’, somehow, someway, defying the massive liquidity supplied VIA DEBT, and nonsensical printing out of thin air, with nothing to back that printing.

    By all accounts, the entire planet should be spending like crazy from all of this paper wealth gains… at least that is what Greenspan argued for years, and then Bernanke.

    and NOW, this week, you have Trump and gang, REDUCING taxes for corporations, and the richest, so they can keep even more gains, and supposedly re-patriot gigantic sums of cash back to US shores, which many say will go to buybacks, which is actually another more notorious form of leverage, artificially shrinking the number of shares so the E goes up on a per share basis, lowering the P/E numerator to denominator ratio so that their shares don’t look that expensive. So none of that money goes to re-investment, R&D, or expanding, or to the pockets of wage earners, so its burnt money, not spent well, and doing nothing for the future except to take from the future wealth of shareholders. (very much like debt acts, as in ‘borrowing’ from the future to make the present ‘look’ good.)

    If all these nearly ‘free money’ schemes are going to work that well, why not just quit jobs and put what money you do have into Bitcoin, crypto’s, and the stock markets, and just live off the gains ? In fact, if everyone did that, especially business owners, and put their money into those items, we would then have less businesses, less jobs, and most people could just not ‘work’ for a living, but simply live off the gains from finalization and digitalization. Of course Im being sarcastic here, but taken to its extreme, the case for arguing to stop investing in businesses, would mean there would be fewer goods and services available, and much of that would fall by the wayside, thus carving away the cash flow streams that all these fabrications are based upon. (i.e. the actual real and underlying economy).
    So it is with that, I remain deeply skeptical, that the Dow will really go up to those levels, and crypto’s will continue to have these ferocious and unabating gains.

    • tin foil hat

      Mike R,
      “If all these nearly ‘free money’ schemes are going to work that well, why not just quit jobs and put what money you do have into Bitcoin, crypto’s, and the stock markets, and just live off the gains?”
      Folks had done exactly that in Weimar Republic Germany – not Bitcoin but the stock markets.

  62. Bert

    Just 60 more points to go on my bold prediction earlier this year when the SP was falling below 2200 – and your guests were all Chicken Littles!! I said 2,600 by xmas, then it passed and I further claimed 2750. You’ll get no crash until the government announces 0% growth in a budget. It ain’t going to happen, enjoy the ride to $75T national debt and dow 100k and sp 20k all by 2050. Don’t short the FED, they can produce endless amounts, you can’t. Look out for a high probability for a 100 to 150 point up day in the SP, it is overdue for a blowout top!!

  63. Neil

    Hashgraph seems like it could push Bitcoin into a dead end in the evolution of digital record keeping in terms of speed, security etc. https://www.youtube.com/watch?v=IjQkag6VOo0
    On top of Bitcoin’s credibility issues in regard of its origin and intent, repute of a pump or mania, and now being vulnerable to futures manipulation it looks like the time to get out of Bitcoin has come.
    Interesting confession in this video though. It only needs 1/3 of all players in a crypto to turn malicious to kill the system. Extrapolated to present analogue system we might imagine then about 1/3 of participants/transactions in US economy are handled by crooked or compromised players = lockup and collapse??

    • Neil

      BTW Peter Schiff points out that these tax cuts will actually lead to people rejigging their affairs with the IRS to avoid taxation in a similar manner business avoided fulltime employees in respect of Obama care and thus the overall tax take would fall just as overall expenditure is rising. Personally I think Martin is being far too optimistic in respect of the effects. In is my belief there will be a collapse well before a Crypto might be mature enough to take over, or the economy would show any meaningful turn around.

  64. Neil

    Reported – Bitcoin.com co founder Emil Oldenburg has sold all coins – too slow and costly, difficulties among developer community. Going to Bitcoin cash (but, my guess – also influenced by potential of Hashgraph and parasitic futures). A pending cascading implosion of all blockchain crypto for Christmas then led by a Bitcoin collapse? Killed by poor open source group decision taking? banker manipulation? greedy speculators? better technology? the likelihood of active resistance to a stealth one world currency? all of these??

    • Neil

      Reported – Litecoin founder also sells up. The abandonment of blockchain based crypto by the smart money? A price reversal coming then as momentum runs out…followed by dead cat bounce early in the New Year as the faithful try to revive it or pump an escape?

      • Neil

        So far we have learned that this miracle new currency can be vulnerable to hacks, insider trading, embezzlement, manic speculation and wild price swings, processing delays and lockups, queue jumping, futures manipulation, pump and dump, ICO fraud, has the same 1% like holding distribution as anything else, can’t be managed effectively or in a timely way, can aid regular underworld activity… indeed the whole origin and intent is dubious… hmmmm….

  65. boris chikvashvili

    Hi Greg
    Excellent Guest.
    Not because he is most often right, but because he is one of those
    that can predict and/or , if you like “make it happen”.
    Since the history of mankind is written by winners, as the losers perish, Mr. Armstrong by all accounts is a winner. So, following his thaught track until it gets too hot is advisable. He does not have to be right, he can make it.
    Fortunately or unfortunately( for those who do not comprehend) the events do not happen in vacuum , there is a purpose to each event and there are drivers of the events, therefore, if you learn the trading techniques to follow , you will be often on the right side.
    Thank you for your service , bringing people, who can make it happen. Those readers who see that win or loss is a process and process has drivers will benefit greatly from your efforts.
    I do not claim to have Armstrong’s level of power to move money( due to followers, once he was the biggest Gold Market Mover ever), but, my predictions are based on my personal trading actions which i publish mostly to be able to check back and keep honest if i was right or wrong(:. I bought BITCOIN , in public( linkedin) at 3000 and will be selling partially of fully over next 6 weeks the BITCOIN. I will post the exact( estimated) point-time( at linkedin) in January for maximum selling for BITCOIN
    Never said this is a final top, but it could be a severe(st) drop till now.
    Thanks

  66. dachsielady

    I want to thank Mike R for his excellent comment above.
    I want to thank all who contribute their good insights and experiences on USAWatchDog.com articles and videos. And always, of course, I want to give a big THANK YOU to Greg Hunter for providing this forum for us where Fides et Ratio rules.

    I wish a blessed Christmas and New Year to us each and every one. Our Redeemer, our Creator , our Judge, our Only Hope, and our King came in to this fallen world as a helpless little baby. I love it!

    Here is a little gift to y’all to bring love and joy into your heart this Christmastide.
    Watch this short video of a little boy who hears for the first time after having cochlear implant ear surgery.

    https://www.youtube.com/watch?v=o_M28C-U9G0

  67. JC

    New poll : Will he tax reform help or hurt the country ? or do nothing.

  68. Diane

    https://youtu.be/gah5IgRb7qw

    • Mohammad

      Not necessarily Diane ,

      Think about social media, Facebook, internet daily use…..
      All the world computers are mining crypto by the TPTB…
      Think about the collective energy of the billion users of the net with their devices? it can surpass nuclear reactors, as long as you are on the grid you are participating in making crypto without knowing.
      Why would they need those computer farms when they can utilize every phone, computer, server, iPad, on the planet earth without the knowledge of the user to mine crypto for the coming replacement of dollar.
      Another High Octane Speculation?… LOL

      Mohammad

  69. Mohammad

    Greg,

    if the feds innovate a way of pulling the oceans of paper liquidity they created without blowing the lid off the PM , what other genius way could do that shy from crypto?

    Mohammad

  70. breamrod

    Armstrong also allows for the dow to correct down to 14 to 18000. Or it can just keep going to 30000 or so. I would think that if his computer is right about interests rates then we get a correction first and then the move to 30000 to 40000.

  71. Lore

    Mr. Armstrong’s extreme evasiveness is interesting. Not once in the interview did he give a straight answer to any question. Seems to be a lot of that going around lately.

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