Violent War Cycles-Global Economic Decline-Martin Armstrong

4By Greg Hunter’s  (Early Sunday Release)

Global economic expert Martin Armstrong says two big violent cycles are happening for the first time in 300 years.  Domestic and international unrest is consuming the world.  Armstrong contends, “Both of these cycles are converging at the same time, and this hasn’t happened since the 1700’s.  That was the American Revolution, the French Revolution and etcetera.  That was the revolution against monarchies, so to speak.  This is not just Ukraine, Russia and the U.S.   You have the Middle East going crazy.  Gaza is starting up again with Israel.  You go over to Asia and you have civil unrest in Thailand, and the overwhelming part of the population in China wants to go to war with Japan as payback.”

Why all the violence around the world?  Armstrong contends, “When everyone is fat and happy, nobody cares.  Everybody lives together peacefully.  When you turn the economy down, that’s when people start getting mad.  They lost something, and they want to blame somebody else for whatever injury they suffered.   We look at the entire world . . . what you are looking at on a global scale is the emerging markets:  China, Russia, South America, Brazil, South East Asia, their stock markets peaked in 2007.  They have been in a declining economic trend . . . so you have the economic pressure building.   This is what’s going on in Russia as well.  We are making a serious mistake by thinking that Russia can’t fight.  My sources say that they anticipated the sanctions on Putin would make the oligarchs turn against him and force him to back out.  That’s not going to happen.  We are going into a period of economic decline, and whenever that happens, government needs an external enemy.”   So, when markets crashed in 2007, what did Congress do?  They did investigations and went after Wall Street.  They never admit it has anything to do with them. . . . If Putin were to back off, they would eat him for lunch.  He would be overthrown within Russia.”

On the subject of new sanctions from the U.S. and EU, Armstrong says, “Europe is already in an economic decline, and it is a very, very serious one.  Even the IMF has come out and said there are major problems with deflation, which is what you get from a Great Depression, and that is really what the EU is going through.  I don’t see any hope of the EU bottoming out before 2020.  It’s going to get worse.”  So, is this going to lead to war between NATO and Russia?  Armstrong says, “That seems to be what’s happening.”

On the Middle East, Armstrong charges, “The United States has made a complete mess of the Middle East.   The real truth behind the Benghazi affair, that ambassador that was killed . . . he was effectively an arms dealer.   They were providing all the arms in Libya to overthrow Gadhafi.  When that was done, those same arms were sent to this group called ISIS who was against Syria.  You have to realize that Saudi Arabia was really the one behind the funding of all of this.  Why?  They wanted a pipeline through Syria.  The problem now is that everyone was trying to fund somebody else to do their dirty work, and now you have an Islamic State that is rising and it is taking territory from both sides.”

On the direction of the price of gold, Armstrong predicts, “I personally think you are going to see gold emerge as a currency of the underground economy.  It’s not a hedge against inflation, and we have done every study imaginable.  So, why are countries like China buying all this gold?  Armstrong says, “People are buying gold, not because they think it will be going up, but simply as a hedge against government.”

On the recent strength of the U.S. dollar, Armstrong says, “The central banks only have the dollar, that’s it.  It is the reserve currency.  We had a former Obama economist who just came out a few days ago and said the risk to the United States is a strong dollar, and we should give up the reserve currency position.  Why?  Because they realize there is no other choice.  What are you going to do, put your retirement money in rubles?  How about Yuan?  There is no place you can go.  It’s only dollars.”  So, is the dollar is not going to fall out of bed anytime soon?  Armstrong says, “Not yet.  You have to take the dollar up, and that will bring gold down short term.  Also, as war begins to happen, you have to realize that capital flees from wherever conflict is.  The more conflict you have in the Middle East and Europe, the more money is going to come this way (to the U.S.)”

In closing, Armstrong gave an ominous prediction and said, “The next decline we will see is going to be far worse than the last one.  Each one is building in intensity.”  

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

(There is much more in the video interview.)

After the Interview:

Martin is a prolific writer and has many free articles and information on his website,  He also has research and analysis for sale on many different individual markets.  For subscription services, please click here.

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  1. Ugly

    Great summary of your interview with Martin. I will listen to the video when uploaded. I agree with what Martin has to say, except for this and I believe he said it last time….en part….

    ‘….two violent cycles are happening for the first time in 300 years. Domestic and international unrest is consuming the world….hasn’t happened since the 1700 s….’

    To me, this is not accurate and it ignores the time periods of WWI and WWII where well over 180 million people died, including an extermination attempt of 6 million Jews and over 30 million Christians….thus I believe the 300 year cycle may explain some of the past. But it explains nothing of the 1900s to the present day problems….if we think today’s problems are a cycle, then we are foolish and have learned nothing from history….

    My take. All of the world and domestic upheaval are centered around four things.
    1. The control of all world resources such as energy, food, and currency
    2. The destruction or salvation of the dollar system and replaced with something
    3. The destruction of Israel
    4. Devauling the influence of the United States

    Thus, this is not a 300 year cycle but a cycle of.
    1. The birth of the petrodollar and it’s dominance on people and economics
    2. The rebirth of the nation Israel

    All of the worlds conflict will be centered on those two items.

    Hitler was a foreshadow of an Anti-Christ, and thankfully failed. But the World is ready for another one when all this violence and economic turmoil escalates.

    Martins analysis was good and scary. People, please start preparing…..

    • allen ols


      here is pepe escobar

      • allen ols


        Bill Holter–The Federal Reserve-The End Is Near 18.Sept.12 presentsBill Holter believes that the Fed’s latest round of QE3 is a suicide pact. By embracing on going systematic money printing, we’re only a black swan away from complete and utter financial collapse.

          • JC Davis

            Allen. I have grown to dislike Mannarion. As time is growing short those who trust in the stock market will be seen as the biggest losers. What happens when our soul is required today? Will we say wait till the stock ends lord? When GOD invites us to a party I want to be there. Stocks are for gamblers, and Thieves You already know this I am sure..

            • JC Davis

              Greg Mannarino sees people as zombies, and they deserve what they get. I can not get past that true statement he made from his heart.

              • Greg Hunter

                He’s still a smart guy and predicted months ago we would see “new high after new high.” in the stock market. Remember, he is sweeping his gains and buying physical metal and has been consistent with that message to the masses. Nobody’s perfect, but I thank you for weighing in here my friend!!

      • Alarmed

        There are many dictators in history that could be considered the foreshadow of the Antichrist. The only reason people bring up Hitler, is the constant drumming from birth to adulthood via the media and the educational system on how terrible he was. It is not that I think he was a great guy, he wasn’t. But many in history were worse than him. If I remember correctly, the Assyrians impaled their enemies on spikes that lined the road to the city. There are generations of people living in horrible conditions in camps in NK that did nothing wrong, but being born. A young girl took a couple of grains of corn and was beaten to death in front of her class. How about the Christians who were killed by lions in the Colosseum?

    • tom

      Armstrong lost japanese investors over $600 million and then lied and hid the losses. He stole money and converted it to hundreds of gold bars and wouldn’t tell the court where the gold was. He wasn’t in jail for simple contempt. His pi x 1000 = 8.13 cycle nonsense is simply the US two-term presidential cycle (8 years). He’s wrapped the well known Fed market manipulations centered on election cycles into some magical hocus-pocus.

    • Reader

      150 million??? Where did ou get this figure?

  2. Jerry

    Speaking of Cycles, get a load of this
    – October 21, 1907 – Panic of 2007
    – October 29, 1929 -Wall Street Crash
    – October 19, 1987 -Black Monday
    – September – Dot Com Bubble Collapse
    – September 30, 2008 – Stock Market Crash

    You want data to back it up?
    When will it happen? Whenever the gold backed Yuan system is complete, or the Chinese cannot get delivery on their gold from their orders. Either on could happen anytime.

    • Plain old Dave

      On the 22nd of September China will open the Shanghai gold comex. It’s going to get very interesting by December. Why? They will be trading physical gold. Yep the real McCoy. Certificates will be coming home to roost at GLD and SLV and that’s when the panic begins.
      It’s better to be prepared for financial or natural disaster 10 years too early rather than having to look your family in the eyes when you realize you are 10 minutes too late.

      • allen ols

        plain ole dave

        great post, tks

      • JC Davis

        Oh that’s good.

      • Jerry

        Plain Old Dave
        Bulls eye. You nailed it.

      • JC Davis

        Dave YOUR A (Dam) fool ! for ten years. Then your everyone’s hero. The real McCoy. Love it.

  3. JC Davis

    Greg, And Mr. Armstrong. I as a simple man am more confused then ever. After Harvey Organ last week. Now How is it that gold is not money when it has backed currency for hundreds if not thousands of years? Now how is it that billionaires that own oil, gold and real assets will not go to other countries where the demand is stronger when the dollar falls ? Will this not make oil, gold and assets go up together in price ? Regardless to what currency is used. I have so many more questions. I am respectfully concerned. Thanks.

    • Plain old Dave

      On the 22nd of September China will open the Shanghai gold comex. It’s going to get very interesting by December. Why? They will be trading physical gold. Yep the real McCoy. Certificates will be coming home to roost at GLD and SLV and that’s when the panic begins.
      It’s better to be prepared for financial or natural disaster 10 years too early rather than having to look your family in the eyes when you realize you are 10 minutes too late.

    • al hall

      JC-mr. Armstrong’s whole thing that concerns you and me is that he thinks(feels) there is no manipulation in the gold and silver markets. When he say he sees no relationship between dollars/gold and inflation he smoking something. Central bankers, and the Fed can’t let gold/silver go up. That would signal the the dollars real worth-ZERO. I was just told this weekend pasted- next year for sure the gold will climb like Mr. Organ said- this year maybe not? To many wild cards can be played. My inside contact tell me next year is when gold will climb and it will back the new currency- thus that’s why it has to increase. Mr. Armstong is brillant- but not always correct. That is his thoughts only- he is not with the majority of other experts.
      He was correct about the Benghazi and the Amb. doing gun trafficing- that’s why the USA had him killed- Amb. Stevens want to stop this practice by H. Clinton and Obama,
      they had to take him out and did so!!!!!!


      • allen ols

        al hall

      • JC Davis

        Hum Good point AL

      • JC Davis

        AL HALL. If we are the same today in 2016 I will have to question my sanity.

      • JC Davis

        Al Hall please explain.He was correct about the Benghazi and the Amb. doing gun trafficing-( that’s why the USA had him killed)- Amb

      • Plain old Dave

        Spot on.
        We have a bingo ladies and gentlemen….hold your cards.

      • JC Davis

        Mr. Armstong is brillant- but not always correct. That is his thoughts only- he is not with the majority of other experts.
        He was correct about the Benghazi and the Amb. doing gun trafficing- that’s why the USA had him killed-

    • JC Davis

      Galaxy 500. Anybody?

      • Old Dog

        I have read enough of your previous posts to know you are Christian.

        Matthew 7:28-29
        “And when Jesus finished these sayings, the crowds were astonished at his teaching, for he was teaching them as one who had authority, and not as their scribes.”

        In Jesus’ days, teachers of the Law did not speak in their own authority, that is, they did not speak from their “own knowledge,” but based their teachings on the work of more knowledgeable men such as Hillel the Elder. An example: one scribe might teach others what Hillel taught; another would carry on Shammai’s teachings.

        Can you not hear their discourse in your imagination: I tell you it is this way for Rabbi Hillel says …. Response: Oh no, for Rabbi Shammai says it is this way.

        But then comes our Lord Jesus and he did not teach under the authority of any other teacher of the Law. He didn’t go to another man for wisdom, He went to the Father.

        John 12:49
        “For I have not spoken of My own initiative, but the Father Himself who sent Me has given Me a commandment as to what to say and what to speak.”

        Today we have become like the people in Jesus’ day, running from teacher to teacher trying to learn the truth. Perhaps what happened to them will happen to us: These modern day teachers will tie us up with “such heavy burdens and lay them on our shoulders, but they themselves are unwilling to move them with so much as a finger.”

        It seems everyone is listening to numerous “teachers” today –
        these “experts” writing books and creating websites … getting rich as they sell you their “heavy burdens and grievous to be borne.” (Matthew 23:4)

        What seems strange to me is how is it that we love it to be that way?

        Jeremiah 5:30-31
        “An appalling and horrible thing has happened in the land: the prophets prophesy falsely and the priests rule on their own authority and My people love it so! But what will you do at the end of it?”

        2 Timothy 4:3-4
        “For the time will come when they will not endure sound doctrine; but to have their ears tickled, they will accumulate for themselves teachers in accordance to their own desires and will turn away their ears from the truth and will turn aside to myths.”

        We certainly have an accumulation of teachers today.
        What does Scripture teach us:

        1 John 2:27:
        “But the anointing that you received from Him [our Lord] abides in you, and you have no need that anyone should teach you. But as His anointing teaches you about everything, and is true, and is no lie — just as it has taught you, you abide in Him.”

        Multitudes of good people are running here and there, listening to this person and that person. They are looking for someone with the “crystal ball” that will tell them what is about to unfold and what they need to do to prepare. Christians listening to ungodly men to learn to “truth” ?

        Truly, are these wells of knowledge godly people should drink from.

        Are you better informed … or are you more confused?

        Remember. Satan is the author of confusion. And he also presents himself as an angel of light.

        “Get prepared” is written time and time again on this blog.
        On the knees and in the Word seeking God’s guidance
        … and asking forgiveness for allowing ungodly teachers to tickle our ears.

        That is what the Lord is whispering in my “ear.”
        Time has come for me to “listen” and “obey.”

        • JC Davis

          Old Dog. I as never confused as to what GOD would have me do. Just that the contrast between interviews were so extreme.
          I should have worded it differently. As to the deceptions they stand at the door seeking to defile unstable souls. I think peter said it best.

          • Old Dog

            “The contrast between interviews was so extreme.”

            That’s my point, JC.
            Too many teachers with varying viewpoints.
            Best to listen to just One Voice.

            • JC Davis

              I love you young dude. Please use A real name. Love you none the less.

              • JC Davis

                I would not ask this unless I cared about you and your comments.

    • lastmanstanding

      JC. You either believe in things that are real, truthful and provided by/ from the earth or you don’t.

      “don’t go down without one helluva fight”…these satanic bastards must be sent back to hell.

      • JC Davis

        EUE. Yep. Maybe your right L M S But I tend to let that judgment be brought down from the judge himself. Unless there in my home with a gun. Then I will judge them in a twinkle of a eye.

  4. allen ols

    M.A. says, “In communist countries, GOLD is a hedge against govmnt. b cause of corruption, and they have a different mindset.” I think he is right. I liked this interview, and this info, but then again, M.A. only has to be 80% correct for me, as my preparations are a hedge. Fishing, and hunting are my hedge, and my chickens, lol, u see my point. I would like to have some small 1/10 oz gold for kicks, maybe. There is a certain point in time that we ALL WILL HAVE to trust the Lord for the unseen. We do what we can and leave the rest to HIM.

    this is for MASON

    MASON 09/14/2014 •
    Thanks, you’re welcome. This article is part of a 5-part series. This was part 3. You can find the rest on:

    G. Edward Griffin has been breathing this stuff and has been writing about this for decades. That is one of the reasons I think it would be great to have him on as Greg’s guest.

    Mason, I checked it out, and bookmarked it, i will investigate further. thanks friend.

    • Mason


    • jane smith

      Mr. Armstrong has stated many times that gold is not manipulated, not going to even argue with such lies. Also, he has stated in one of his articles that digital currency will become the preferred currency, which I believe too, but he says because digital currencies cannot be manipulated. I believe that statement is disingenuous because the Fed is transferring money over to the banks, and buying treasuries from the government using digital currency now. Warning! Diamonds can be almost fully replicated using nanotechnology. Anyone with diamonds might end up sorry. As for money not being gold, well isn’t money subjective. I can’t use Euros at my store, but yet Euros is money. As I can recall, Donald Trump took gold for payment for one of his apartment a few years ago. Hate to sound like a broken record, but gold has been around a long time. Gold as money will become a barbaric relic when all money becomes a thing of the past.

    • JC Davis

      Merry Christmas brother.

    • Dr.J

      JC, this guy doesn’t understand what real money is, just like Ben Bernanke. Ron Paul asked the Bernank to define money and he defined currency. If you want to get the very best education on what money is, go to and watch Malloney’s history of money series. You will be able to spot the B.S.ers like this guy a mile off.

      • JC Davis

        Thanks DR J

  5. Doorman

    With all the evil, turmoil and confusion in the world increasing, it’s important to stay focused on the fact that God is in control. The world is in the process of being shaken by God and in his timing all things will be cleaned up.

    God loves you all and:

    “9 That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.

    10 For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.

    11 For the scripture saith, Whosoever believeth on him shall not be ashamed.

    12 For there is no difference between the Jew and the Greek: for the same Lord over all is rich unto all that call upon him.

    13 For whosoever shall call upon the name of the Lord shall be saved.”(Romans 10:9-13)

    • Emeth

      Interesting quotation from Rom.10.13.
      What some overlook is that all the faithful in ancient times (Abraham, Elijah etc) also called upon the name of the Lord. – Gen.4:26, 12:8, 21:33, 1.Kg.5:3, 8:20, 18:24-26; 2.Kg.2:24, 5:11; Joel.2:32; Zech.13:9. In general, the phrase means faithfully calling upon God in worship, in the way he has invited.
      However, what is generally overlooked is that the key word in Rom.10:13 is the little word ‘whosoever’. This word is very significant.
      Contextually, since the time of Abraham till the events of Acts.10 and the acceptance of the Gentiles, any person who sought for God had to become an Israelite (Jew), and be circumcised (a mark of the covenant with Abraham).
      After the watershed of events in Acts.10, it was whosoever, for the preference enjoyed by the Jews was ended. This became a big issue among first century believers (Jews and Gentiles) as is seen in almost all of Paul’s letters.
      Interestingly, Acts.10 physically and theologically marks the middle of the NT – for in Matt.-Acts.9, the gospel preached to Jews only (Matt.15:24, Acts.11:19), and from Acts.10-Rev. the gospel is preached to Gentiles on an equal basis (faith in what God did in Christ outside the Law of Moses), for God is no respecter of persons.

  6. allen ols

    greg, al, mason, jeff, wd, col. damage, and more;

    I just read PCR, titled–9/11 After 13 years Paul Craig Roberts (9/10/2014) THIS WAS SOOO ARTICULATED.

    According to the official story, on September 11, 2001, the vaunted National Security State of the World’s Only Superpower was defeated by a few young Saudi Arabians armed only with box cutters. The American National Security State proved to be totally helpless and was dealt the greatest humiliation ever inflicted on any country claiming to be a power.

    That day no aspect of the National Security State worked. Everything failed.
    The US Air Force for the first time in its history could not get interceptor jet fighters into the air.
    The National Security Council failed.
    All sixteen US intelligence agencies failed as did those of America’s NATO and Israeli allies.
    Air Traffic Control failed.
    Airport Security failed four times at the same moment on the same day. The probability of such a failure is zero.
    If such a thing had actually happened, there would have been demands from the White House, from Congress, and from the media for an investigation. Officials would have been held accountable for their failures. Heads would have rolled.—-and

    Osama bin Laden, a CIA asset dying of renal failure, was blamed despite his explicit denial. For the next ten years Osama bin Laden was the bogyman that provided the excuse for Washington to kill countless numbers of Muslims. Then suddenly on May 2, 2011, Obama claimed that US Navy SEALs had killed bin Laden in Pakistan. Eyewitnesses on the scene contradicted the White House’s story. Osama bin Laden became the only human in history to survive renal failure for ten years. There was no dialysis machine in what was said to be bin Laden’s hideaway. The numerous obituaries of bin Laden’s death in December 2001 went down the memory hole. And the SEAL team died a few weeks later in a mysterious helicopter crash in Afghanistan. The thousands of sailors on the aircraft carrier from which bin Laden was said to have been dumped into the Indian Ocean wrote home that no such burial took place.

    The fairy tale story of bin Laden’s murder by Seal Team Six served to end the challenge by disappointed Democrats to Obama’s nomination for a second term. It also freed the “war on terror” from the bin Laden constraint. Washington wanted to attack Libya, Syria, and Iran, countries in which bin Laden was known not to have organizations, and the succession of faked bin Laden videos, in which bin Laden grew progressively younger as the fake bin Laden claimed credit for each successive attack, had lost credibility among experts.

    Over these 13 years, physicists, chemists, architects, engineers, and first responders have provided massive evidence that completely disproves the official account of the failure of the three skyscrapers. The response to experts has been for non-experts to call experts “conspiracy theorists.” In other words, the defenders of the government’s story have no scientific or factual basis on which to stand. So they substitute name-calling.

    • wd

      Allen, Make sure you forward this to your good friend “The DUDE” G 500, maybe now he will stop attacking you with no contradicting evidence!


      • allen ols


    • Thaddeus Thurston Thistlethwaite III

      G 500 is not going to stand for this tin foil hat stuff…

      • allen ols


    • Colin - 'the farmer from NZ'

      Yes Allen
      Call ME gullible but I think that perhaps the US air force, and all sixteen US intelligence agencies and the air traffic control etc etc etc… were just having a bad day!
      And maybe Bin Laden who was probably already dead, and who mostly specialized in nothing much more sophisticated than local car bombings, just happened to be on a roll that day and successfully coordinated the tragic event from his mountain cave!
      Also wasn’t the official story that the seal team’s helicopter black box got washed away in a flash flood in the desert. I am sure floods are a common occurrence in the desert up there!

      • allen ols

        colin NZ

        yup, black boxes gone lol

      • JC Davis

        Colin. American trained soldiers of this degree do not have bad days. Coincident s is for the unprepared, and untrained. These Men were the best of the best. With more information then most I should add. This was no small matter. If this were 1970 the country would be in a uproar.

  7. allen ols

    ……and FINALLY an e mail from the jackass;

    former cia director william casey quote;

    Jim Willie CB
    3:54 PM (2 hours ago)

    to me
    beautiful and damning

    On Sun, Sep 14, 2014 at 2:01 PM, Allen Ols wrote:

  8. Saeed

    Good interview with Martin Armstrong but it misses the point on the severity of imminent downturn and the Fed running out of subtle options like QE1, QE2, QE3, Operation Twist etc. Everything is in a bubble, especially, long-term bonds like 30-yr Treasuries yielding less than 4% in the face of hidden inflation in food and energy costs, higher taxes and hidden tax of higher health cost, as US Govt. balances $1 trillion budget deficit by shifting healthcare costs to the public in order to maintain escalating cost of maintaining a huge defence force to consolidate hegemonic power by destabilisation of the world via international intrigue, and consequently, grabbing resources of defenceless nations and peoples.

    The other benefit of destabilising the world is a stronger US Dollar as the world looks for safe haven money, while the authorities with their incessant printing press uses its partners in financial markets suppresses price of real money.

    Martin forgets that the real World War began on the indigenous people some 500 years ago by Europeans who had better gun power and viral technology (malaria infested blankets given to Indians since the invaders could not gorilla fight the indigenous people on their own turf) as written up on

    Mr. Ugly sees things from the Christian eye only and forgets that Crusades that began in 1070s never ended until 1917 as General Allenby declared “Today the Crusades have ended”, and considers Israel to be right even with all the evidence of apartheid policies and how it came into being.

    He may point the finger at ISIS and say Muslims are as unjust, and to that my reply is look at the life and conduct of the God’s Messengers, Prophet Muhammad (peace and blessings of Almighty God be upon him) towards the Christians of Najran (North Arabia) and there is a book titled, “The Covenants of Prophet Muhammad with the Christians of the World”. Even non-Muslim author Michael Hart in his book “The 100 Most Influential People” ranked the Last Messenger of God Almighty to mankind to be the most influential person in history, although Prophets are above ordinary men of inventions, valour and politics. Last Messenger of God Almighty to mankind changed the course of history, otherwise, Europeans would have been in perpetual wars. Islam in Iberian peninsula re-introduced Europe to Greek philosophy through their translation work from Greek to Arabic and then to European languages as Europeans came to learn from Muslims like Averroes (ibn Rushd), Avicenna (ibn Sina), and North African like Ibn Khaldoon, and others.

    I do not consider terrorists of any shade or hue (whether they be Muslim, Christian, Jewish, Buddhist, Hindu or atheist) to be belonging to a faith since faith by pre-requisite requires the spread of peace which is one of the pre-eminent qualities of Almighty God.

    Those who get caught-up in propaganda of the powerful through their mind-controlling media are not using their God-given brain to separate the Truth from the falsehood.

    I will stand on the side of Truth and Justice, and above all the propaganda of the powerful who wants to see ordinary people in shambles so they can rule over them, and even enslave them. As Gerald Celente says, “Think for your self”.

    • Ugly

      First, I think you and Mohammed give excellent analysis of current events. I read both your posts, and others as well. In my assumptions above, I did not blame anybody. I left those conclusions open….

      Clausewitz in his book On War spoke of the theme of Center of Gravity for any wartime analysis. To me, nothing makes sense unless you start viewing the world as some force trying to control energy and currency. One force may be losing it, and another one is gaining it. Thus frictions….those frictions just happen to be the worlds superpowers and all the worlds people will be caught in it….

      Why did I include Israel? Mainly because if the middle east becomes more and more unstable and the USA loses its dominance, then there is no doubt that Israel will be caught in the middle. I could be wrong, but that is my take on today’s Center of Gravity….

      What can we do? Basically nothing, other than be aware and prep the best you can. I hope peace is the end, but it seems that the world is getting more and more unstable and the only result is a collapse followed by the lousy stuff….

  9. Jeremiah

    If I understand what Mr Armstrong is saying correctly, gold is being purchased by many governments now days because the US$ is the sole world currency, and countries are hedging their positions because there is no other stable and world currency to store their excess wealth.
    He also says that Gold has a long way still to fall before it turns back up again, which is contrary to what most of Greg’s other guests have postulated.

  10. Francis Peter

    Wow! Good interview and great insightful comment by ugly!

  11. smaulgld

    Keep in mind the United States airlifted dozens of tanks to Israel in 1973 during the Arab Israeli Yom Kippur War in short order in “Operation Nickel Grass” . If NATO needed tanks, the US could provide them:

  12. smaulgld

    Have to strongly disagree with Mr. Armstrong:
    “there are only dollars” LOL

    Read these two posts on Gold and Silver Manipulation and Explain how there is no manipulation:

    Explain why Russia buys gold like this:

    Or Why China buys gold and silver like this:

    or why the rest of the world likes gold and the US doesn’t

  13. 02144pomroy

    I guess it is a huge mistake for anyone to liquidate all of their 401k accounts and buy precious metals. Ooops! Too late.

    • Greg Hunter

      That depends on a lot including a black swan not taking down the markets. If you have income and liquidity then you can wait on your investment.


    • wd


      According to Jim Willie, its the only thing to do!!

      • Dwain

        Mr. Armstrong makes reference on his site to buying food.

        What good will gold or silver do if theres no food to buy. You can’t eat gold.

        • Ugly

          You cannot eat nothing either. Thus, it is better to have something. That something should be food storage and some purchasing power, such as cash and silver….

    • Galaxy 500

      I guess that depends.on whether you think:
      Your broker has counter party risk
      Your govt.will confiscate it
      That the.dollars will be worth much less in the future than today


    Hello greg,
    If Silver reaches $200.00 an once by the end of the year, as one of your guests has predicted, I will apologize for my” Carpetbagger” comment and stop sending you
    any further comments!. On the other hand, if Silver doesn’t move much either way
    I hope you will take my comment seriously.
    Thank you,
    Ken Law

    • Greg Hunter

      I put on a variety of views. Martin Armstrong just said gold and silver would be under pressure from the rising UDS. Pick the information and views you like and please let it go. This is a free site and neither I or Harvey organ sell anything.

      • Chip

        opposing views are good Greg. they keep us balanced as to what “might” happen because none of us know what “will” happen except the Lord. I actually hope MA is right because it gives me a bit longer to prepare. further, we can come to false conclusions if we put ourselves inside an echo chamber…

        • Greg Hunter

          Thank you Chip!

        • allen ols



  15. James Deltuffo

    I love and follow your web site, But this guy is blowing smoke. I live in Philadelphia ,the economy is not booming around here. There is a lot of new construction going on around here. But after the homes are completed ,they sit empty for years until they go into foreclosure. They keep doing the same thing over and over again, excepting something different.
    Greg ,is this the same Martin Armstrong who is doing time for securities fraud ?

    • Saeed

      Hi James, I listened to the entire interview and wrote a comment earlier, but did mention anything about Martin Armstrong’s background. Now that you have mentioned it I recalled that he served time for some financial fraud. I suspect that his attorneys did some plea bargaining with the ‘Authorities’ and become a shill for the ‘establishment’ and using his past reputation and models to spread disinformation. Humanity has known Gold and Silver as currency for over 5,000 years, and now all of a sudden humanity will rush into Diamonds that require expertise to determine their authenticity.

      Better to listen to Rob Kirby, Dr. Jim Willie, Larry Edelson, Mike Larson, John Williams, Dr. Marc Faber, Dr. Paul Craig Roberts, John Hussmann, Jeremy Grantham, Jim Rogers, Clif Droke and others who have far more knowledge about financial and war cycles.

    • wd


      I agree, we have restaurants in my city that were packed 5 years ago, now you can easily go in and get a seat no waiting ( Houston’s Restaurant). My friend and I went into Chile’s yesterday to watch college football games- last couple of years always an hour wait, unless you sit at the bar ( which we do) The place was not even 5% full!! He told me this is not a good sign!!

      1) Gold is money- has been for thousands of years ….If its not money than what is it? And why do we even price it on the market, and if its not money can I use fools gold instead since its just as shiny but much cheaper?

      2) China/ Russia buying gold to back currency- to make currency invincible
      3) Money coming to the west is used to buy hard assets, real estate, farms, commercial property. ITS NOT BEING DEPOSITED IN BANKS…nor are they buying T Bills etc.

      4) Mr Armstrong does hit the mark on Russia to a degree. We have to understand what Russia came back from since 1991- Not a bad recovery from less than nothing to the strength they have now.

      5) You have to understand that when many people develop a “formula” they tend to stick to it….almost like its their baby…can do no wrong….I think he falls into that category.

      Something will happen in the Ukraine before new year, this is picking up pace much to quickly to just stop and US/NATO not backing down even with truce!!!.

      I like Armstrong, but I think he is warm but not hot on this…50% right is not bad.

      Willie, Roberts, Williams, Mannirino, and Calvo all seem to be on same course especially Roberts and Willie.

      Thanks for posting Greg!!

    • Tim

      “Greg ,is this the same Martin Armstrong who is doing time for securities fraud ?”

      He did time. He’s not currently doing time.

      • Greg Hunter

        Armstrong got most of his time for contempt of court. It is far from a simple case.

    • Stan

      Yes, this is the same Martin Armstrong who did five years in the clink after confessing to securities fraud.
      Now let me get this straight. It’s not the retail investors who are propping up the market and the USD but the world’s Central Banks who have nowhere else to put their money. So the world’s Central Banks are bidding up US stocks of companies who are having slowing or decreasing sales because in the US there’s 12-25% unemployment (depending on which way you calculate it) and no-one has money to buy their goods. And Armstrong says this is not a bubble. And Armstrong says (like he did back in year 2000) that Gold is not money and is not a hedge against inflation. And Armstrong says that those stupid Russkies, Chinese and Indians buy Gold because it is just a hedge against government. So there is no reason for Americans, Europeans, Brits and Aussies to buy Gold because their governments are so trustworthy? Give me a break.

      • Greg Hunter

        You are not totally accurate. Most of the time Armstrong spent in jail was for contempt of court.

        • Stan

          Hi Greg

          To be perfectly accurate he spent 12 years in jail, beginning 1999 and ending 2011 – 7 years for contempt, followed by 5 years after pleading guilty to securities fraud.

          From Wikipedia: “In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned for over seven years for civil contempt of court, one of the longest-running cases of civil contempt in American legal history. In August 2006, Armstrong pleaded guilty to one count of conspiracy to commit fraud, and began a five-year sentence.”

          • Greg Hunter

            Thank you.

  16. Jim H

    Thanks Greg, I really like this guy. Yes this is all about money and yes world financial “leaders” want traceable digits. All these relatively new tools, derivatives, hedge funds and all the rest are based on digits that never really move anywhere. The whole world for many years, except backwoods native tribes have moved away from physical to digital be it a chip on a card or implant. Let’s be real, most of us are sitting on one and use them regularly.
    On your last question, again his answer in my thinking was excellent. Some years back Halliburton got a no bid contract to build several prisons nationwide. They were built on closed military bases. The MSM did their duty and remained silent which is something they have become very good at concerning these type corporate/government activities. I haven’t a clue who these are for but hiding in plain site is this Army Regulation that will govern them. It’s very long and very real. I haven’t finished it yet but I’m hoping to find a reason in the document for their existence.

    Look forward to more interviews like this one. He is calm, confident and has not run around for 10 or more years crying “wolf “or “the sky is falling”.

    • Jim H

      Greg here is another link regarding your last question to your excellent guest.
      I’m sure there are many, maybe even a few regulars on your site who would read this and say this is just crazy tin foil hat wearing looney propaganda until you note the date. Track what we know since 2006 and then what does one see. Someones are really scared by something. Amazing the havoc not knowing we are God’s kids can bring. Fear is a corroding thread.

      • allen ols

        Jim H.

        good article, Patriot act repealed the bill of rights imo.

        • woody188

          Except one can’t repeal an Amendment without going through the Amendment process. The USA PATRIOT Act is not legal outside of their saying it is so. My rights are not up for debate. How about yours?

          • allen ols


          • allen ols


            we agree

      • woody188

        Good article. I quickly noted the redirect from ISIS to homegrown terrorism as the renewed focus of DHS as just announced this last week. It seems the FBI has been using NSA data to perform “back door” searches of our communications in order to prosecute us for exercising our First Amendment rights online. Check it out over at Salon:

        Simply put, saying things online like I don’t believe the government story on Iraq, 9/11, ISIS, or whatever, will have you identified as a potential terrorist or terrorist sympathizer and singled out for charges and incarceration.

    • Saint Lawrence

      Interesting on the prison camps.
      Answer – handling of military personal who have violated united states criminal code 18,
      military MPs and guard instruction manual.
      Four scenarios to follow:
      military man goes rambo (like movie) in a civilian town while still on tour of duty,
      military man goes insane while still on military tour of duty,
      ex-military man involving military people after completing tour of duty.
      Civilian perpetrates crime while on military base.

      The brig or stockade shall only hold current military people prior to discharge.

      The separate detention center shall hold civilians and post discharged non-military.

      The MPs shall lock up civilians only in a non-military prison, even if on-base.
      The criminal offensive soldiers shall be locked in a military stockage while awaiting discharge papers or
      court marshal determination.

  17. Anne Elliott

    Thanks, Greg! Always good to have differing takes on what is going on. I think he is spot on with the digital currency emphasis – more control for the gov, and that means more taxes. …Now for all you people wanting to run out there and buy diamonds – just remember – all diamonds are not created equal. “The bigger the better” is not always true. Generally speaking, Diamonds that are a brighter white and clean (with no internal flaws as seen under a Jeweler’s loop), the better. If they’re big, as well as being white and clean, that just means the price just jumped another several thousand dollars. Also, if you’re really going to invest in diamonds, buy yourself a diamond tester or make the seller show you it’s an actual diamond with theirs before you take it home. fakes look awful good these days, and I’ve seen several fakes in expensive gold settings in the past several years. Sad, but true.

  18. Saeed

    Here is an Islamic viewpoint of the end of History (Islamic Eschatology) by a great contemporary Islamic Scholar Shaykh Imran Hosein, who puts our current events (including ISIS) into perspective of what has been prophecied by the Last Messenger of God Almighty to mankind, Prophet Muhammad (may God’s Mercy and Blessings be upon him):

    And here is Shaykh Imran Hosein’s interview with the author of “Survive The Economic Collapse – A Practical Guide” by Piero San Giorgio:

    These are meant for people who are openminded to hear all sides. Truth will always triumph over falsehood as Winston Churchill said so eloquently:

    “Truth is incontrovertible; malice may attack it; ignorance may deride; but in the end there it is”…that is staring at us.

    • allen ols

      And Jesus said, “I AM the way the truth and the light, he who believes in me, shall have eternal life” Jesus is the Son Of God, who takes away the sins of the world. Their shall be no other gods before HIM. This is why the Jewish sanhidrin had HIM put to death, and why HE went willingly. His purpose from the beginning was to sacrifice HIS earthly life, on purpose, for the all the sin of man kind. All other religions are false gods.

    • Rick

      The Bible describes Jesus as the “last prophet”. The Book of Revelation is the last book of the Bible, and according to it…the last of the Revelations by God, and it warns NOT to add anything more to it.

      • JC Davis

        Thank you Rick.
        Time to post on face book. Jesus bless you Rick.

    • Anon

      This is Martin Armstrong, he has discovered 309 year cycles in power of civilisations. He currently stands for forecasting stocks, with his Pi models. So yeah Saeed, this man is something else.

      This is what he says” So they will raise taxes until the people get mad as hell and refuse to take it any more. The first tax revolt in England was that of Wat Tyler in 1381. The first interval of 309 years was 1690 when because of taxes and a shortage of money in America, on February 3rd, 1690, the very first paper money was issued by the colony of Massachusetts and on December 10th that same year, they became the first American colonial government to borrow money starting national debts. Add another 309 years and you get the birth of the Euro.

      At the 309 year level, weather has played a greater role in altering the behavior of society. There is the first Heroic period in Greek history separated also by a dark age, and then the Hellenistic period. During the dark age, because of weather Greeks took to ships and migrated south. Other cultures called them the Sea People. Rome (1) overthrew its king, (2) Republic became an Oligarchy, (3) after tremendous civil wars, it became Imperial Rome, and then collapsed. China also was invaded by the Mongols and was taken over by them even though they did not know how to read or write. They too were weakened by floods, famine, disease, and corruption.”
      “-– “it was cyclical and only a matter of time before the other side grabs power for their turn.”


      30:9 “Have they not traveled through the earth and observed how was the end of those before them? They were greater than them in POWER, and they plowed the earth and built it up more than they have built it up, and their messengers came to them with clear evidences. And Allah would not ever have wronged them, but they were wronging themselves.”

      Notice the cyclical nature of civilisation, one rises in power, greater than the one before, but falls. Also I higlighted power, because the 309 year cycle is cycle of power, shifts, occurring of the end of the civilisation.

      And notice which verse it was said on 30:9 i.e. 309 and in the chapter the Romans, Martin found the 309 year cycle in analyzing Roman coins, as you can see from the trailer. The coin debt devaluation follows a 86 year cycle. And 43 year cycle in confidence.

      86:16 But I am planning a plan
      43:79 Or have they devised a plan? But indeed, We are devising a plan.

      Martin About the 86 year cycle
      armstrongeconomics(dot)com slash qa slash the-86-year-cycle-is-all-around-us slash
      ” It is all around us if you just let go of the prejudice and see the world as it truly is. Cycles are how energy flows, from sound and light to the cycles in your heart, no less your brain waves.”

      MARTIN SAYS 309 year cycle in religion. Quran SAYS the exact same!

      ” There is a 309.6 year cycle in religion that has been extraordinarily regular and that includes ALL religions not just Islam. This is of course amplified by economic downturns.”
      Here is what the Quran says on the Roman youths sleeping in the cave and why god made them sleep for 309 years

      18:20 Indeed, if they come to know of you, they will stone you or return you to their RELIGION. And never would you succeed, then – ever.”
      Allah has spoken the truth. This verse specifies that they needed to keep their religion a secret, because for the Roman youth to survive and be protected from society, and god heard there conservation, and made them sleep for 309 years.

      18:25 “And they remained in their cave for 300 and exceeded by 9.”

      Not only that the Chapter speaks on silver-coins and coincidentally their is a 18 year monetary crises cycle also! Martin found this with analyzing Roman coins, in his computer models. Same as the Chapter number 18.

      Below is what he predicted since 1985, he predicted the fall of russia on the exact date, year, and also the fall of EU-union as we see it now. After year 2015.75
      Right at the day point of 2001.69 that horrendous event happened, and at the next pi date, the greek debt crises began in 2007 april 10 where they officially wanted help from the IMF, the next pi date is in 2018 in november month. I believe something momenteous will happen just as the 2001.69 date.

      • Anon

        I actually emailed Martin about this. And he answered some question that was pretty wierd. He said “All religions has 309 year cycles” Yes but that was not my point. My point was in the quran it basically says that the christian roman youths stayed in their cave for 309 years and the state religion changed. And religion changes including empires and power falls and rises all was said according the the verse from the chapter the romans 30:9
        And the verse 18:25 So this is pretty wild. Including how the “discrete” author shows how he sets plans for us, in chapter 86:16 and 43:79 , but verse numbers are interlocked, i.e. 16 = 7+9 . Pretty discrete but this is what martin says about the rise in confidence the 86 year model and the complete fall from the top of the 86 year peak 43 year cycle, or vice versa.

    • Anon

      This is Martin Armstrong, he has discovered 309 year cycles in power of civilisations. He currently stands for forecasting stocks, with his Pi models. So yeah Saeed, this man is something else.

      This is what he says” So they will raise taxes until the people get mad as hell and refuse to take it any more. The first tax revolt in England was that of Wat Tyler in 1381. The first interval of 309 years was 1690 when because of taxes and a shortage of money in America, on February 3rd, 1690, the very first paper money was issued by the colony of Massachusetts and on December 10th that same year, they became the first American colonial government to borrow money starting national debts. Add another 309 years and you get the birth of the Euro.

      At the 309 year level, weather has played a greater role in altering the behavior of society. There is the first Heroic period in Greek history separated also by a dark age, and then the Hellenistic period. During the dark age, because of weather Greeks took to ships and migrated south. Other cultures called them the Sea People. Rome (1) overthrew its king, (2) Republic became an Oligarchy, (3) after tremendous civil wars, it became Imperial Rome, and then collapsed. China also was invaded by the Mongols and was taken over by them even though they did not know how to read or write. They too were weakened by floods, famine, disease, and corruption.”
      “-– “it was cyclical and only a matter of time before the other side grabs power for their turn.”

  19. wheedle

    It’s interesting to see more people understanding what an oligarchy is. There was a time when “the man behind the curtain” was considered conspiracy theory rhetoric. Now to hear prominent people discuss potential conflicts between rival oligarchies gives rise to the important question. Which oligarchy is insane enough to implement a nuclear war ? We can only hope this p*ssing contest doesn’t destroy us all. Thanks for bringing Martin Armstrong back Greg.

  20. diogenese

    No more natural resources in Europe , Japan found out you cant fight a war when your imports are constrained , Europe / NATO fighting Russia is suicide after 3 weeks fighting all they would have left is pointed sticks ! Farmers are allready protesting in europe , they are talking of compensating them WITH WHAT more printed Fiat , there is no way out, the crash is coming neck and neck with war , the west is toast ,depresion and colapse are the only result that can come from ponzi scheemes run by wallstreet the city of london and the european central bank , all the rabble rousing is because the western oligarchs are on the outside locked out of the new world economies , this century belongs to the east and they have their own oligarchs . ,

    • allen ols



  21. Nathan

    Hey Greg,

    I’m going to play devils advocate here . We all know the US put Poroshenko in as a Ukraine puppet due to the Victoria Nuland tapes . The timing of meddling in yet another countries affairs while trying to deal with five other crises seemed absolutely insane . However it may have been a premeditated move knowing that the ISIS crises was on the horizon (or intentionally created) to give us justification to enter Syria . The US knows Russia isn’t going to let Crimea or the port of Tartus fall into western hands so we drag Putin into a confrontation on two fronts . (Which history shows is very hard to win ) . It also allows us leverage in the case Putin pulls the strings on the Iranian nuclear negotiations ? Just a thought .

    Great job as usual

    • allen ols

      However it may have been a premeditated move knowing that the ISIS crises was on the horizon (or intentionally created) to give us justification to enter Syria . The US knows Russia isn’t going to let Crimea or the port of Tartus fall into western hands so we drag Putin into a confrontation on two fronts .

      I agree!

    • woody188

      My theory as well. The Grand Game is afoot!

  22. Jerry

    No, the war in Ukraine hasn’t gone away. Its just getting started.
    The players are getting into position for the final act. The curtain is about to rise.

  23. West Tejas

    Everyone that reads this and similar sites knows that gold is a 100:1 paper-to-metal derivative and constantly attacked by massive shorts. They constantly dump millions of paper ounces on the market all at the same time during off hours to create waterfall attacks against gold. These attacks have happened almost on a weekly or bi-weekly basis and not seen in other markets plus cost the sellers a lot of money. No one trying to sell large blocks of stocks or options trades like this! They would fire their brokers for incompetence the first time this happened.
    Anyone that’s in the gold market which cannot see this giant pink elephant in the room either has an agenda to hide the truth or should not be considered an expert. I wonder which category Martin Armstrong resides?

    • lastmanstanding

      I could tell you…but you already know where he stands.

  24. Jeff

    Some of the best posts yet……. JC Davis ….. Gold ? MA is only one voice. The East and All central bankers are buying gold. Soon the west (US) will lose control and not be making the rules. That’s all you need to know. Some things never change. Like the role of gold for the last 5000 yrs. The US is delusional. Armstrong is a technical/cyclical guy. If gold drops buy more. DO NOT SELL. Like Greg says, “fear not”….. To me gold is symbolic of truth. Our Founding Fathers tried to impress that on us when they wrote the Constitution. We could have worse role models.

    • Charles H.

      “To me gold is a symbol of truth.” By thunder, Jeff – that is eloquent. Outstanding.

      • Charles H.

        Sorry, I messed that up!

        “Gold is symbolic of truth.”

        Still it coins a phrase profoundly in simplicity.

    • JC Davis

      Thanks Jeff.

  25. Evan M

    Very good interview as always. I will will beg many points of difference with Mr. Armstrong. One being that he see’s China as declining in economic prowess/power . Well here is that fact checked as not:

    There are other points of contention I have with MA , and his total lack of the other Asian powerhouse….INDIA. Look at the rise of both of these ecomomic powerhouses as well as the per capita income of their citizens of each. Just look at the numbers of people in each country and compare to US.

  26. Coalburner9

    Greg and Jim H;
    I love the subject of tin foil hats. Used to be just nut cases wore them, now you cannot tell. Tin foil hats are now needed to protect your gear from EMP’s and Keep the NSA out of your conversations on the phone, though truth be known you probably need a tin foil skirt over your head. Then they may still send robotic ants to listen. It is time for a deep breath and a good laugh. Two weeks back I went on a hunt to Northern NV, middle of no where in the desert. No phones, no TV’s , and very little cooking. But the hot spring was great and going to bed at dark reminded me what a good night’s sleep is all about. I wish all you regulars a couple of days like that and don’t forget your hats when you come back to civilization or whatever it is. Cheers!!!

    • Jim H

      Thanks Coalburner. Would take your advise (and still might) if I wasn’t afraid I might not come back. I know this fellow who reached a low (or high, not sure yet) in his life, left everything behind and lived at this lake in Texas for 8 months. He had nothing but his car that would barely run. In a short while the car quit running but still made a good shelter. He managed to eat and bathe. He talked with people of all walks of life and made a few friends of regulars to the lake. All the fear in his life left him for several of these months and he was as happy and free as he had ever been (Adam and Eve stuff maybe). then guilt and pressure from the status quo helped him choose to re-enter the game. He got a job quickly as he was a good metal smith at one time for a major military aviation company. The second the first check was given to him from his new employer all the fear returned. Moral of the story is “consider the lilies of the field”. As many of us spend much of our lives fleeing poverty try to remember that usually 90% of the things we fear never happen.

  27. allen ols

    Here is Nigel Farage,

    “We should view ukraine only as a buffer, and if u poke the russian bear in the eye, dont be surprised with the reaction”
    “We armed the syrian rebels, and now they have become ISIS”

    and more….

    • JC Davis

      Great interview.

  28. Samsara

    The gold price is quickly approaching the 2013 double low of $1187. Will it bounce off and become a triple low “buy” signal or punch through and become a “sell” signal? Below $1200 mining companies will struggle to make a profit, making it harder to deliver the physical, increasing the chances of a physical default. Gold price manipulation works just as well in the opposite direction and while the low prices suit the eastern countries accumulating gold reserves, at some stage in the future they can play the same game to increase the value of their holdings.
    The concept in the interview that money has only one place to go, the USD, has worked well in the past!

  29. allen ols


    Boots On Ground in Philly;

    My anecdotal proof of this relentless slow motion retail trainwreck is twofold. We received our second 30% off discount coupon from Kohl’s in the last three weeks. We are so indifferent to these constant offers that we didn’t even use the first one. I have to wear dress clothes to work every day, so I went over to Kohl’s this morning when they opened at 8:00 am to get some dress shirts and pants.

    The parking lot was an oasis of empty spots and there were maybe 5 customers in the entire store. I went to the mens’ section and was shocked to see about two dozen 60% to 80% off racks. There are usually two or three racks. The store was overflowing with summer merchandise. Summer is over. The store should have been overflowing with Fall merchandise. They are clearly in the midst of an inventory disaster. I found excellent dress shirts on the 70% off rack. Everything I bought was at least 50% off, even before my 30% coupon and another $10 menswear coupon.

    I live in a relatively upscale suburban area and still this Kohl’s is an absolute disaster. Their gross margin is going to be hammered. Profits are going to implode. Kohl’s has always been a favorite retailer of the middle class. Decent quality at reasonable prices. Their comp store sales were between positive 5% and 15% for years, until the 2008 financial collapse. Their struggles since then coincide with the decline of middle class incomes and the fake jobs recovery. The fact that they are spiraling downward flies in the face of the propaganda being spewed by the government and media.There is no recovery for the average American.

    My second data point happened on Thursday. An accident on the Turnpike forced me to take Lincoln Drive and Germantown Pike home from work (1 hour and 55 minutes of agony). I hadn’t taken this route in about six months. Germantown Pike winds through the Chestnut Hill section of Philly. This is an artsy fartsy area with boutique retail, chic outlets, and fancy restaurants. The upper middle class frequents the area. The retail stores were always open, occupied and busy.

    Not anymore. I saw dozens of empty storefronts, Space Available, and For Lease signs. The open stores had no customers. The trendy eating establishments had few patrons. Even the yuppie latte drinking areas are beginning to crumble. Every office park I passed had Space Available signs in front. The amount of vacant retail and office space in this country is too vast to comprehend and is being under-reported by the real estate whores whose job it is to rent space. Ignoring the facts and the truth doesn’t change the facts and the truth.

    Do you believe the government and the corporate media, or do you believe your own two eyes?

    • Gee Gees


      Thanks for the insight….and much of what you say can be found across the U.S., as voiced on 

      Btw, I’m from Brisbane, Australia and we’ve had a shite Aussie economy since the GFC…retail and building/construction got smashed big time (still hasnt recovered)….retail is aweful here (worst conditions in over a century).  Housing got hit for many years too….though its booming atm (esp Sydney), fueled by historically low rates….low rates that they dare not raise (wouldn’t want to pop their little bubble). 

      I always smirk every first Tuesday of the month when our Reserve Bank gets together and the big talking point (amongst media and economists) is will Gen Stevens raise rates?  I say to myself, go on Glenn, I dare you buddy, RAISE THEM and see where this already sick economy goes. LOL. 
      Bottom line- we’re fooked just like the U.S….and we’re heading for a big dose of pain. The people who are sheeple (mostly everyone) will get a massive shock.  Meanwhile I’m slowly accumulating my gold and paying down my debts.

      Btw, Greg Hunter – you do a wonderful job…I always gravitate to your site for my news (and KWN, ZeroHedge, etc)… for Martin Armstrong, hmmm, anyone expert who thinks there no relationship between gold and fiat currency is no expert in my eyes.  And gold / silver not manipulate?   Really?  Seriously? WOW.  Martin shows his absolute naivety (or disingenuousness or true shill colours).

      Gee Gees

      • Greg Hunter

        Thank you Gee!

  30. gardener1

    Let me preface this by saying I like Armstong’s blog and his ideas are interesting.

    But if he is such a student of cycles of the past, then sure he has noticed that historically Russia has almost never been an invader of territory, but usually the invaded, defending itself against against incursion. (Gengis Khan, Napolean, Hitler, etc)

    His absurd statement that that Russian tanks could overrun Europe and be in Paris in 30 days time is an imaginary delusion. The Russians have no reason to do anything that goofy, they don’t want to do anything that batty, and it’s just absolutely NOT on their agenda. So to discuss the possibility and the timeline it would take to achieve that, is an exercise in meaningless fantasy.

    In case no one has noticed, the US and NATO have completely surrounded the RF with military bases and defense weapons of mass destruction, and the Russians feel justifiably threatened by that. Um, who wouldn’t?

    Armstrong is totally off his a$$ on the Russia issue. He needs to stick to what he does best – predicting long and short term economic cycles.

    • allen ols

      gardner 1

      KWN – And finally, 51-year veteran Art Cashin reminds readers of the true horror and reality of war in Russia:

      Cashin: “On this day (-1) in 1812, a very valuable piece of real estate committed suicide – – or at least that’s the way it seemed to the guy who had just acquired the property.

      His name was Napoleon Bonaparte and the property in question was called Moscow, a metropolis of some cultural and governmental note in the Russian Empire. On this day, Nappy and his boys entered the city to find it virtually deserted by its nearly half million citizens.

      As he set up headquarters in town, awaiting the surrender of Czar Alexander (and the Empire) his staff brought him reports of scattered building fires. Napoleon at first thought the fires were the result of his own troops carelessly looting abandoned buildings. He gave the order to shoot looters and put out the fires. But as soon as the fires were put out, the buildings (and others) were in flames again.

      What the “Little Corporal” did not know was that the Czar’s generals had ordered all the prisoners’ dungeons be unlocked. And they promised freedom and land to any prisoner who stayed behind and set fires in the city. Soon 90% of Moscow was on fire, and Napoleon had to flee his headquarters through streets that one of his general’s said looked like “the entrance to HELL!”

      The Czar’s boys liked the results so well that over the next three weeks they burned barns, stables and grain bins all around Napoleon. And, when the snows came, within a month, Nappy found himself with an army that was ill fed, ill clothed and ill-equipped. Thus one of history’s great military minds lost both a campaign and his army. (Of the 500,000 men Napoleon led toward Moscow only 30,000 survived to return home, a nearly 95% casualty rate.)

      King World News note: “Well, there you have it — one of the finest military commanders in the history of the world, Napolean Bonaparte, suffered a staggering 95% casualty rate in Russia. War in Russia is indeed hell.

    • collateral Damage

      I am with you on this one AO. I heard his comments on the ‘fine state of affairs in Philly’ and I wondered a) what dope was he smoking on that one, or b) what planet was his Philly on. 🙂

    • Colin - 'the farmer from NZ'

      You nailed it my friend!

  31. allen ols

    Senior Israeli Arab leader Muhammad Zidan, who works as the head of an umbrella organization representing Arab civil society and municipal politicians known as the High Follow-up Committee for Arab Citizens of Israel, has accused Israel and the US of secretly creating the so-called ‘Islamic State’ (IS) group to sow discord in the Arab world.
    Speaking at an Islamic Movement in Israel gathering in Nazareth on Friday, Mr. Zidan said that “the Israeli Shin Bet and the US are the ones who invented IS in order to create new divisions in the Arab world and the region which will serve them,” the Times of Israel reported.
    “The question asked here is: Who provides IS with weapons? Who stands behind them financially? The answer is clear: The US supports IS in order to ease its takeover of the region,” he said.

    • Charles H.


      No doubt the US is arming the Arabs and IS particularly – but convenience allows other Arab groups to lump Israel in with the US to demonize it. This is Grain of Salt territory – not automatically true because it is spoken or published. Israel is NOT going to arm the Arabs. My two cents.

      • allen ols

        charles h

        your probably right, then who knows what that combo, shin bet/mossad /IDF will do. these guys work hand in glove for the state of Israel, no holds barred. they have thrown their own under the bus at times. I have data for that will post it later.

  32. vincentg

    Mr. Armstrong’s views on how events effects money flow are interesting.
    I strongly disagree with diamonds as being a good idea to move money.
    Unless you know the Diamond trade well you will lose a ton of money trying to unload them.

    I also disagree with his view on Gold.
    There is a very small number of people buying gold. We don’t see speculators in the gold market. They maybe in the paper market but not in the physical market.

    When a paper market breaks down then you have a serious problem.
    From what I see we are at war with both Russia and China.
    We can not discount the monetary war that is taking place.

    Yes the money has flowed from Europe to the US recently for many of the reasons Mr. Armstrong has stated. But if our system looks like it too is in deep trouble then that ends quickly and where will people then turn to?

    Although it was prudent of Greg to bring on this guest as a counter viewpoint of the previous guest we still find our self in a quandary.

    The problem is this is the greatest time of uncertainty that I have ever witnessed.
    Seems we are trapped in a bad horror movie.
    We all seem to know something bad is going to happen but we don’t know what and when.

  33. Colin - 'the farmer from NZ'

    Please excuse my bluntness but IMHO MA has not changed a whole lot since his last interview May 11 2014. Then as now most of what he says has more holes in it than the proverbial swiss cheese.
    I will take the liberty of quoting my response to this earlier interview as I think it warrants a similar one;

    Colin – ‘the farmer from NZ’ 05/11/2014 •
    Hi Greg
    I am only a farmer not an expert on economics or finance.
    However I consider myself an expert on bullshite since my core business is breeding hundreds of animals [ Angus bulls] that produce a lot of this stuff.
    I like to think that I recognize it most times when I see it and hear it.
    Basically I was in total disagreement with virtually every statement made by MA.
    Greg I think I could also detect total bewilderment, if not outright shock, at times from your expressions during this interview.
    I say total bullshite to his comments on;
    #1 ‘the US economy being strong underneath’ – where abouts underneath would this be?
    #2 ‘declining emerging markets’ – last time I looked EMs had only 20% of global debt and 80% of reserves. The use of the $US as reserve currency is in free fall!
    The EMs are net creditors of the world.
    #3 ‘internal capital flows holding up the US’ – isn’t this inflow going to be the biggest problem?
    #4 ‘the core economy never collapses first’ – never say never and is it really still the core economy of the world?
    #5 his call on gold ‘ not turning up until 2016′ – how can this possibly be correct when you look at the vast amount of paper gold that has been sold
    #6 using so-called ‘300 year cycles’ to predict events in todays new world
    #7 “any manipulation cannot change the direction of the trend’ – what about when the US economy is manipulated in virtually every sense of the word by a private cartel owned central bank that prints endless amounts of $s and lies about everything it does?
    Excuse my language today but I’m afraid this guy left me totally gobsmacked.
    I think you were at times too Greg.

    • Greg Hunter

      I try to put on a wide variety of views. Thank you for your feedback.

      • Colin - 'the farmer from NZ'

        I appreciate the fact that you interview such a fascinating variety of guests.
        This is why I am in danger of being addicted to USAWD. It makes it all the more fun because very occasionally someone comes along and makes some ludicrous statements. Its like a game. I will call it “Spot the Pratt”. In my view MD qualifies for this title admirably.
        The great thing is that this demands that followers of WD use their grey matter even more. We need to question and sometimes challenge what we hear instead of just blindly following the narrative of the day.
        Greg your site wins hands down at making people think about the financial and geopolitical nonsense that is happening worldwide and what we might be able to do to change things for the better. You are a champion!

        • Greg Hunter

          Thank you Colin,

  34. Joe

    Hi Greg,
    It’s good to have someone on that has a let’s say contrary view once in a while, that’s for sure. But, the gold price isn’t manipulated, really? Even the FT has been reporting on gold price manipulation in an article. If you can’t figure out the gold price is being manipulated heavily (just like everything else) when it’s so blatant you have to be blind not to spot it, you might have another agenda! The US economy is doing fine because restaurants and hotels are booked in some posh Philly suburb, yeah so what? The only thing the US exports is drones, NSA snooping and cr*ppy Hollywood movies, and it has itself as trade deficit of almost half a trillion dollars to pay for all the goodies with funny money. Pretty soon the rest of the world is fed up with this worthless paper stuff, war mongering and blatant propaganda. I think Ugly made some good points with regard to Mr. Armstrong’s supposed cycles; the 20th century was a lot more tumultuous than the 18th century and changes have been speeding up ever since, it’s totally clear to me that we’re heading to some sort of final climax, which is not very far of. Whatever role gold will play is this is not totally clear, but it will most certainly do better than all the funny money and paper promises out there. To be quite honest, I expected a more insightful interview with mr. Armstrong, perhaps he saves those for his paid subscribers…..

  35. Mouse Click

    Well, I didn’t connect the fact Russia hired mercs in Eastern Ukraine. RT produced a story about French fighters in Dombass. Here is the link:

    • Greg Hunter

      Please note RT. Russia Today. Do you really think you are going to get solid information about Russia from Russia Today?

  36. Mason

    Excellent choice in bringing Martin Armstrong on! Excellent questions by Greg! I thought the whole interview was just brillant! A lot of Greg’s other quests are great to, but in my opinion M.A.’s views are necessary to keep some balance. As I sometimes say: if you want to know the truth, one of the things you should do is try to falsify your own beliefs, not just verify them. I have been reading M.A.’s website for quite some time now, and it provides superb information, but an interview like this adds a whole new dimension. This interview provided me with some of the answers that have been burning in my mind, so I was focusing very intently on M.A.’s answers. Just before watching his interview today, I decided to first watch an earlier interview M.A. on USAWatchdog on May 11, 2014, despite the fact that I already watched it when in was posted. Just to get a refresher and a broader perspective in time. Other guests on USAWatchdog are most likely correct in the fundamentals, and kudos for that too, but Martin Armstrong is one of the people you want to keep an eye on with regard to timing.

    I am not saying he has to be correct in his predictions or at least not all of the time, mind you, but I am saying that at a minimum, you should consider his views. For me, the result is a little more diversification. Investment-wise: apart from already adhering to the fundamental story (which is obviously yellow metal), this causes me to diversify my investments a little bit more in line with what Martin Armstrong says.

  37. art barnes

    Greg, let me make a prediction about ISIS: THERE WILL BE BOOTS ON THE GROUND! The religion of peace will demand it & make sure it happens, they want a fight for many purposes, recruitment being only one of them. Poor Obama, he might have to fire on those misguided terrorist, notice I didn’t say Islamic because according to Obama there are no such thing as an Islamic terrorist, just your basic terrorist. Just keep on checking those 70 year old, blued eyed, blond haired nuns from a convent in Hamburg, Germany at the airports as they may be on a Christian jihad again. All kidding aside, you wonder why we can’t win anymore wars, we have politically corrected ourselves out of our minds.

    • Greg Hunter

      You are probably correct even though I hope you are wrong.

    • Charles H.

      art barnes,

      “We have politically corrected ourselves out of our minds.” For some at least. Great caption.

  38. JP

    Martin Armstrong’s notion “gold is not money” is ludicrous. Why do Central Gangster Banksters accumulate and horde the stuff were it not the ultimate form of Good Money — accepted worldwide to settle all debts & obligations and in exchange for real goods and services?

    Only yesterday, Chris Powell (Secretary/Treasurer, GATA) wrote:

    In his profound and prophetic essay 13 years ago, “The Debasement of World Currency: It is Inflation, But Not as We Know It” the British economist Peter Warburton realized that central banks had abused their unlimited power of money creation and that this had impelled them into comprehensive commodity market rigging and price suppression to save the financial system they had perverted.

    “What we see at present,” Warburton wrote, “is a battle between the central banks and the collapse of the financial system fought on two fronts.

    “On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur.

    article continues here:

  39. JP

    (Woops, omitted the key point. Warburton continues):

    “On the other, they incite investment banks and other willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities, or anything else that might be deemed an indicator of inherent value. Their objective is to deprive the independent observer of any reliable benchmark against which to measure the eroding value not only of the U.S. dollar but of all fiat currencies. Equally, they seek to deny the investor the opportunity to hedge against the fragility of the financial system by switching into a freely traded market for non-financial assets.

    article continues here:

  40. Deanna J Clark

    Love the Border Reiver name and face…could model for a statue.
    And true to ‘our’ heritage, I believe the best choice for protection is making friends, buying local, supporting non-chain stores, keeping close to family. Whatever happens, the people with close connections and personal loyalties always do better.
    Lone, independent, self help people rarely get through.

  41. Andy

    Thanks Greg a good interview, two main interesting points for me.
    1: the more wars increase outside US, the more the US dollar rises as a safe haven by money from those areas. Therefore perhaps a rise in the gold price is not on the horizon while the world moves toward numerous wars … unless gold finally decouples from the dollar
    2: People MA knows are buying diamonds and not gold, as diamonds are not picked up by a metal detector at airports. In a future time if you need to ‘get out’ its possible that Govt could keep a check on the movement of precious metals not only for international flights but also national flights. So a percentage of diamonds could be a wise choice.

    • West Tejas

      Dealers will pay you about 1/4 of the reported appraised value. If you want to play with gemstones then go with rarities and scarce finds which have optimal color. The problem is gemstones are tricky and anyone that doesn’t have mastery of colors and quality will lose the shirt off their back. That’s the reason people flock to items like gold and silver. You don’t have to be a gemologist or geologist for the past 20 years in order to buy something of value that’s easily exchanged for goods. Maybe you can’t easily carry 10 or 20 oz of gold through an airport but you could sell these bars and put the money into a pre-paid Visa card. The pre-paid cards are simple and secure versus taking a wild card chance on gemstones that could hold a very nasty surprise once you try to sell them to a dealer and find out they will only pay 50% of your asking price. I’ve known several people in the gemstone business before and they are the ultimate risky investment unless you are a gemologist with years of experience.

  42. Billy bob

    Next time you have Martin as a guest ask him the names of mining companies that will be willing to sell their gold at six hundred bucks an ounce.

  43. pessimist

    The probelm I have with Mr. Armstrong’s views, though he makes a strong case for world government’s need/desire for an easily traceable/taxable electronic currency, is that Mr. Armstrong assumes that governments are in charge and in control of economic forces. And perhaps that is where things are trending towards but I don’t think we are there yet and uncertainty and potential for chaos still reign in the global economic systems.

    That gold is not money and that money is what ever society decides it is — is true, and therein lies the uncertainty, at least in part, that I speak of. The question is …. will the level of technology remain to allow governments to institute electronic currency and control? Mr. Armstrong’s assumptions fail to account for “peak” resources, recources required to keep our level of technology from collapsing. Most so called “economists” always forget to link their theory back to the reality of planet earth and mother nature’s strict laws of finite limitations.

    • pessimist

      Case in point –

      “Thanks in large part to China’s slowdown, junior mining / exploration companies are one of the most degraded asset classes in the market right now. Case in point: exploration spending in Australia has declined by 40% in Q1 2014 compared to just a year earlier. And as many as 20% of geologists in Australia have lost their jobs in the last few months. Companies are trimming down their exploration activities and focusing on extracting value out of their existing mines.

      Even some of the major mining companies are starting to search for profits elsewhere; Rio Tinto is one of many large firms turning to agriculture, specifically selling cattle to the Chinese.
      The whole industry has been hit to the point where some companies are being valued at less than the cash they have in the bank.
      In other words, the market is valuing their assets – management expertise, land leases, exploration licenses, equipment etc. – at zero, while also giving a discount to their cash bank balance.
      This means investors can buy a dollar’s worth of assets for just pennies.
      And it’s entirely possible that one day, perhaps even very soon, the market will wake up and value these assets more favorably.” – from Silver Doctors / Simon Black

  44. Al

    I appreciate the variety of views. Armstrong is very low on my resource list but he’s on the list nonetheless due to some of his views concerning cycles. He makes an extremely weak point on what has been MONEY for thousands of years and did not fully answer Greg’s piercing questions about why other countries are purchasing gold.
    Mindset? Give me a break! Extremely weak.
    Armstrong is more worried about profits today and that’s understandable if you’re in his position. I take his gold views lightly but his geopolitical views are viable.

  45. ConcernedAmericanDad

    Greg, Great to hear various points of view and Mr. Armstrong explained well the geopolitical developments. BUT His views on Gold run contrary to most all other guests….He first explains how Gold is not money!@#$%^ then @40:40 mentions how in 1896 JP Morgan lent a hundred million dollars to the Treasury because they were bankrupt-“they didn’t have any Gold” ???????

  46. greg

    I’m a little confused about gold and silver now. It seems to me that if gold and silver weren’t money , then all Country’s that have been accumulating it , are ALL wrong. And that all Country’s that had used it from Rome forward were all wrong also.
    Was it such a big deal that Nixon took us off the gold standard back in 1971?
    Is fiat money better than money back by something?
    And also, why didn’t we give back the gold to Germany , assuming we have it. We could give it back when the price is high and if we wanted. buy it back at a huge discount.
    Is it really a step up if you trade your gold and silver for diamonds? The De beers group would be happy with that for sure. Diamonds are kind of like art in that its worth is equal to what someone is willing to pay.
    My last point is. should the miners stocks all go down to zero or near zero because there spending a lot of money chasing metals that aren’t worth very much?
    logic dictates , we should all stay in cash since the dollar is going up for now, yet the prices of food keeps going up at a much faster pace as well as everything else.
    I’m really more confused now then when I started writing my comment.

  47. Mark

    I for one, don’t know what to make out of this interview. Armstrong comes across as being knowledgeable. I have read a lot of his stuff. However, coming across as being knowledgeable and being knowledgeable are two different things. So… what did I do? I tried to make online reservations at several hotels in Philadelphia and had no problem (Hyatt, Rittenhouse, Best Western, Marriott, and Wydham). They all had vacancies and several varieties rooms available. Perhaps Mr. Armstrong was talking about another city. Regretfully, it is going to take some time for me to check out the other claims.

  48. Larry Galearis

    Sorry for the discordant ramble writing on the listen. I likely missed a couple of problem areas he stated….One of the BIG areas he did NOT discuss because he did not believe the markets are rigged is the political/economic affects of this fact on the prosperity of other countries BECAUSE of the dollar hegemony – and its rigged control of the prices of all things – including paper assets. As the US rigs everything, the parasitical nature of these behaviors is the MOTIVATION for the BRICKS MOVEMENT….If one rejects that the BRICKS nations will be both frustrated and defeated by the dollar, then he is saying that regardless of how impoverished the rest of the world becomes from being dominated, the MORE the dollar becomes important to the global economy. This is a truly bizarre view IMHO.

    THis is tantamount to saying that the worse the American Empire treats the rest of the world the stronger the dollar becomes – and gold weakens and the other paper currencies continue to fail.

    His whole argument fulcrums of his belief system that the US does not rig markets. If you believe this, why would anyone or any country buy gold or invest in developing tangible assets and commodities if the prices continue to fall (be suppressed) as the dollar is inflated? Remember that he considers inflation not a factor nor is he worried about the increase in the money supply. Nor is he at all worried about the fall of the gold supply. That is VERY revealing about his understanding of the gold (and silver) markets. (They are not good financial assets compared to diamonds – which I should point out are also supply controlled by a cartel.)

    One thing that I do agree with: if there is war in Europe, it would be dollar supportive as capital flows would flee the scene and the dollar would rise (as it is) by the usual processes….This may explain the continuing push with sanctions against Russia…And this also explains why Putin is not reacting (as Paul Craig Roberts suggests he should in playing the energy card NOW) as he is trying to protect the EU against the stupidity of following a self destructive foreign policy, for Europe, out of Washington….I am digressing, but I think Putin is being wise and trying to ignore sanctions that are not of much importance or injurious to Russia and waiting to see if Washington dares to up the anti…Most are thinking that the sanctions are about hurting Russia when they are also (perhaps mainly) about reducing Europe and the euro. I have been saying this for months, and Putin knows that playing the energy card against European stupidity WOULD hurt Russia….

    And perhaps the disreputable points he makes are his timings statements. Nobody on the planet has the intellectual prowess to predict what and when in a global economy.

  49. pumpkinhead

    I remember the last time you had this guy on and I thought it was complete rubbish ,This time ts worse . The only thing this guy said that made sense to me was that the Americans totally screwed up the middle east and that Europe is in recession . Every other guest you have had on have totally different views and including other research I have done . Do you think Russia and China would be buying gold for nothing . Come on . I am sorry I wasted my time listening to his rubbish

  50. Jerry

    Survival Gear – Fire starters
    Your in a survival situation long term, say 12 months. How will you light a fire? Matches you say, no problem. How would you like to have a permanent fire starter that never runs out? Doesn’t get wet? And doesn’t need a striker? Here it is.

    I have used these many times and they work well. The only down side is you have to make a fire bundle taco to get it going. I use cedar fuzz for mine, but anything flammable will do.

    • JC Davis

      Good one Jerry. I think I can build one of these.

  51. JC Davis

    This song from ZZ Top makes me think of Europe being cut off from Russia.

    • JC Davis

      OK Ukraine.

  52. Clare Doll

    I wondered if anyone else felt the soft contempt for the audience that came through from this guy. He is not being honest. The best I can do to characterize his complete interview is obfuscation.

    He is an amazing man of history and I have read some fascinating stuff from him but this interview was not it. Classifying gold to be NOT money came through loud and clear as a classic case of BENitis and Central Bank “traditionalism”.
    The idea that the feds, foreign entities and especially the IRS are hung up on getting “money” is ludicrous. The IRS is the ultimate terror organization. Any money that they need can be printed and appropriated by BEN. What these people want is control. These people want inside your life so they can pick you apart and control you and the universal means is money, be it paper or not. But ultimately, you must be CONTROLLED and God forbid that you should ever think!

    Martin did a complete interview of rambling — classic Greenspan — with the intent to obfuscate. Greg, his contempt even extended to your person when he blew you off for reminding him of his earlier prediction of $5000.00 gold, and for that I will not listen to him again. Something is not right with this man.

    • Gee Gees

      X2 Clare…….he came across as disingenuous. His assertions about gold are ridiculous. Appreciate Greg making the effort for variety, but Armstrong is too dubious and snake oil salesman.

  53. Markedtofuture

    Hi Greg,

    Your call on possible black swans is very fitting.

    These snippets are from two recent articles. What is hard to fathom is Armstrong’s non take on fractional reserve banking. In other words, folks are to fend for themselves while privilaged others are to create currency out of thin air, charge interest on it and let the taxpayer hold the bag when things go wrong…a perfect example…The Biggest Scam In The History Of Mankind – Hidden Secrets of Money 4 | Mike Maloney

    The Turning POINT – Week of 09/15/2014
    Posted on September 15, 2014 by Martin Armstrong

    This week of the Scottish Vote has been targeted by our computer as a turning point. If we see a “YES” vote, this will set in motion various separatist movements throughout Europe. Keep in mind that this will be important for setting the overall confidence level within Europe. We could even see gold start to rise in terms of various currencies reflecting the decline in confidence in Brussels calling into question the long-term viability of the EU. Our next key target after September will be December/January.

    Chaos of War – The Next Will Be no CNN TV Special
    Posted on September 13, 2014 by Martin Armstrong

    The ominous exercises, which took place over three days between the Department of Defense and the Department of Homeland Security in close collaboration with the local police who have been militarized, is part of a campaign to prepare for civil unrest but this can unfold from economic situations or caused by internal attacks at the hands of sleeper cells intent upon unleashing chaos within the USA. Moving to electronic currency will help eliminate bank runs during such a crisis in addition to ensuring the government gets every penny of tax. Yet moving to electronic currency will also raise the potential to shut down the US economy entirely by taking out power-grids.

  54. Clare Doll

    Correction to the appropriation of money at will from Ben as that chicken has flown the coop; we now look to a new taskmaster, Yellen.

  55. Jeff

    West Tejas says…’Anyone that’s in the gold market which cannot see this giant pink elephant (gold manipulation) in the room either has an agenda to hide the truth or should not be considered an expert”…… Bob Moriarity comes to mind……. Regarding Kohl’s, every time I leave there and especially Home Depot I shake my head. In the last few yrs they’re becoming a mere place for employees to hang out. They both also hit stock highs over the last week. If you were to read that you would get a completely different view of our economy…… I know they are playing with #’s and buying their own stock with cheap money. But that cheap money has a carry cost and will only grow over time. The day these companies have to roll their debt over (refinance) rates will be higher. And that’s if they get a greater fool to buy that debt…….. I bring this all up to show the parallel between co’s and most of our citizens. Debt is going to kill us. IMHO Armstrong is wrong about the state of our economy. I’ve read much of his writings thru the yrs and see his view, but he’s wrong about gold…….Question MA…..If everyone’s going to run to the dollar then why are most of the worlds countries/central banks running to gold at this time ? Some could argue the world has never been in such a dangerous state as now. Fact is the world is ALREADY flooded with too many dollars……Finally, when someone tells you how strong the dollar is today don’t be fooled. All currencies are falling and some are just falling faster than the dollar is (at this moment). But it’s still crap (paper) backed by the full debt and unsound economic principles of a morally decaying has been.

    • Charles H.


    • Jim H

      What if the goal of the money changers is to bring 3rd world standard of living more in line with our by bringing theirs up and ours down. Wouldn’t flooding the market with dollars help achieve this?

  56. Mason

    In response to your post directed to me in the Weekly News Wrap-Up 9.12.14:
    You’re welcome. No thanks needed, but it’s nice to hear anyway. Just doing my bit. I can relate to the fact that it can be very hard to get loved ones interested in important subjects such as these. I have been thinking about solutions how to solve this for some time now.
    One solution of mine is to make the it personal when I explain it to a friend. For example, I have had some succes when I call up a friend and say to him: “Let’s make an appointment for dinner. But there’s a subject that I think is very important for you to see. I’ll send you a link. Let’s have dinner, but before we do, I’m contingent on you to have seen the documentary/lecture/video on that link. I guarantee this will alter your perspective profoundly.” And then at dinner you discuss the subject. The upside is you do not have to explain and convince yor friend EVERYTHING anymore.
    Another solution I have been thinking about is to make it simple for them. And excersize your didactic skills: You take a subject you know a lot about. In your case maybe physics, chemistry and the WTC. You then take a few hours to write it down as simple and as didactic as you can. On just one or maybe two pieces of paper with letter (or A4) format.
    You then have written it down. Thus you never have to write it down again. Only to copy-paste it if need be. This makes it easy for you to convey the information you want, and for them to read it because you wrote it that way. You can even post your piece online and just send a link if you ever have to explain it again. Other subjects can be covered in the same way. For example, basic information that is needed such as fractional reserve banking, or the role of the Fed, the NWO, or whatever is important. I have actually been thinking about creating a website with basic topics like these, a one-stop-shop, so you just have to go to one website to get all the basic information you need. I am sure you know about the all subjects I just mentioned already, but how many websites did you have to go to before you knew about all these topics? How much time did it cost you? Quite a lot I bet. Your friends just do not have or rather do not make the time to do the same and educate themselves.
    So, do you think I am on to something?

  57. Jeff

    Mason, sometimes you just have to let go and except that others don’t want to have their little worlds changed…. “Head in sand” is so overused but so well describes the mentality. They are simply not comfortable with even the thought that their world might have to change. Blissful ignorance reigns in the world today. Perhaps by design ? We are living in the ” Matrix”.

    • Mason

      Well, I admit it is quite hard. Maybe you are right. But maybe not. I think the trick in opening people’s eyes is to 1) make it personal, 2) connect with their interests and 3) provide the easy learning-curve.
      For example: if you have a friend who does have some savings, you show him an easy to watch video about fractional reserve banking. You make an appointment to have dinner with him and beforehand you send him a link you insist he watch. [if you do this, you can check off 1.Personal, 2.Connect to interests, and 3.Easy learning curve]
      I sent a friend a link to a video called ‘Money as Debt’ on YouTube which explains fractional reserve banking’:

      It was an eye-opener for him, it was his ‘red pil’, and he has been grateful ever since. It was an easy to watch video so the learning curve was right for him, and it related to his situation. Interestingly enough, I also sent the same link to other friends and it was an eye-opener for them as well they said, but they didn’t follow through in their journey to more knowledge. But at least I got through to one friend.

      Jeff, it is hard, and maybe you are right, and maybe I should spend my time better, but I know that if you choose one friend who is open-minded enough, and if you make one focused effort in which you relate to his interests, you can get him/her out of the Matrix. If you pull it off, I guarantee he will be grateful. Make a project out of it. You can do it.

      As for the learning curve:
      you have to think about what you tell people first, from a didactic point of view. You have to start simple before you get to the more advanced stuff.
      For example: you 1) first tell them about fractional reserve banking, 2) then you tell about the role of the Federal Reserve and that there is nothing Federal about it and that the Fed is a Cartel of Banks and that they serve the interests of the banks and not the people, 3) then you tell about the mechanics of the collapse of the WTC, and then 4) you tell them about the NWO (click on my name if you want to see a good link on this last subject).
      There is much more to tell to your friends, of course, such as the rise of Fascism in the U.S., but this was just an example. You can make your own learning curve for your friends.

      It doesn’t work the other way around. You have to start simple, or at least with something that is less difficult to believe. I think that if you start with the WTC or the NWO, instead of fractional reserve banking and the role of the Fed, then the learning curve is too steep in my opinion and people (such as your wife or dad as you mentioned) just can’t handle it, and you just might as well wear your tin-foil hat. With fractional reserve banking or the Fed, this affects people in their pockets and these principles are easier to prove. With the WTC and NWO, people don’t see why it affects them and they will just not believe it if you don’t start with something ‘easier’ first. Just as with building a house, you have to start with the bricks below.

  58. art barnes

    Greg, I’m sorry to have to report that the Western Front is losing ground to the inflationary policies of the elite, more & more homeless, both young & old, under the overpasses, in the bushes, where ever they can stay warm and not be harassed by the elitist militarized police forces is where they gather. They can’t find work and people have cut their side of the road donations in half because the givers don’t have means any longer to keep giving. Yet, Wall Street marches upward. Maybe CNBC can come out here and find a buy signal behind every homeless families. I might add that several homeless I interview in recent weeks were foreclosed upon, not alcoholics & drug users as the MSM would like one to believe. From the Western Front we fight on in spite of the odds.

    • Greg Hunter

      And just think, we have not hit bottom yet–not even close.

  59. Al

    I READ ALL THE COMMENTS AND CONCLUDE THIS SHILL BELONGS ON CNBS (cnbc) which is has less viewers than USAWatchdog.
    Thanks for the alternative view, it’s refreshing to see how many people commented here exactly how I would have. All I can say is DITTO, Gold is money! Period!

  60. Outlookingin

    An economic observation.
    I live in a major north-west transportation hub; Land, air and sea. My good friends young son (mid twenties now) works for a major car rentals company as a rentals return detailing and servicing person.

    Talking to him this past weekend, he said that its just him and one other guy that does all the detail/service work now. The number of rental units on the lot have been pared down to half of what they used to be.

    They just received a large shipment of new vehicles to replace that older part of the current fleet. However, in a memo from their head office, they are to continue using their current vehicles and store the new ones on the lot until further notice.

    I had to go to the car rentals complex to have a look for myself. Its true. All the lots of the different car rental companies are half empty. I stopped for coffee at the local cafe frequented by the rental lots employees. Engaging them in conversation, I confirmed for myself that the empty lots were not just because business was so good! Just the opposite, its because of poor business and downsizing vehicle fleets and employees from full time to part time.

    For lease/for sale signs abound, as do price reduced signs. Recovery? Not so much.

  61. Jerry

    I’m not saying this is part the plan to help expedite the collapse timetable with both countries, but it could be if Russia sends gas prices through the roof for Europe. You decide for yourself.

    • Silence is Golden

      Its much deeper than that Jerry.

  62. John M.

    It was Jim Willie who said that both Ukraine and Syria are being besieged with war because it’s about controlling energy pipelines, natural gas and oil. Those existing pipelines and routes for proposed pipelines.
    I don’t agree with Mr. Armstrong’s view that the private sector in America is doing all that well, either absolutely or even in comparison to the rest of the world. If it wasn’t for many Americans that are receiving government benefits or working at government jobs, our consumer economy would have already imploded. I think it’s only a matter of time before the growing debt and expanding bureaucracy destroys what was once a great nation, after they first ramp up their flows into the money supply.
    At some point the US dollar will be abandoned by foreigners and by every American that still must receive their payments in dollars. The dollar is currently being manipulated higher as are gold and silver lower. Come to think of it, I can’t really name one market or one major news event that is not being manipulated in some way.
    I think everything we can imagine only gets worse from here.

    • Greg Hunter

      Yes correct but some other folks said it to such as Paul Craig Roberts and Gerald Celente. Willie is a smart guy though.

      • pessimist

        Jim Wille noted in one of his most recent interviews that his sources have seen the new devalued USD paper and that there are warehouses full of the new currency ready to be distributed to the public within the next 6 months or so. The new bills will are blood red in color and that they are labeled as “US Treasury notes” as opposed to “US Federal Reserve notes”. Those criminal banksters sure do have a sense of humor and irony.

  63. Jeff

    A lot has been said about the real economy and lies promoted to disguise the truth. Kohl’s, Home depot, car rentals, ect. In case you don’t know the lie regarding car sales is “if it rolls off the production line it’s sold”. As crazy as that sounds here is what you get as a result. Mind you, this was a few yrs ago. No telling the size now……[ ]

  64. Jeff

    While looking for some past info I came across this article…. But first I want to apologize to other posters for being overzealous in my beliefs. I don’t have all the truth and hopefully continue to learn…… I preface this because it’s another 9-11 article and not subject related. Hope you find it interesting……. [

    • pessimist

      It really doesn’t matter. The 911 event is symptomatic (and symbolic) of the empire’s collapse, not the cause of the collapse. The collapse is already past the event horizon and there is no avoiding the singularity event or reversing the event against the cumulative inertia already in place. Unlike sustainable sublinear functions of life forms, human social systems are superlinear and predisposed to unsustainbility and singularity events of catastrophic collapse. That is why ALL empires throughout ALL of human history end in collapse. Check out Dr. Geoffrey West’s complexity theory to gain a better understanding … he does a good job of explaining in layman’s terms on some of the YouTube talks out there..

  65. Silence is Golden

    Whilst I appreciate different perspectives and contrarian opinions I am disturbed by some of the themes that Mr Armstrong puts forward here. Not bcos they differ to my own or to the many well credentialed guests that appear on this blog, but by their nature, context and accuracy.
    There are many instances where data was presented in an inconclusive and deceptively biased manner. Instances of half truths and falsification is simply misleading and divisive to the audience. With that said, I question his motives.

    My thoughts (fwiw) on the topics at hand are as follows:
    1)USD strength is a misnomer.
    Discussion of Gold being anti-dollar, Carry Trade unwinding on the back of interest rate arbitrage, USD being mirror opposite of the Euro needed to be fully investigated in the context of the USD finding “renewed strength”. All this against the backdrop of an underperforming economy, record high unemployment with 50% of the population dependant on the Government in one form or another , unsustainable deficits and mountainous debt obligations. A global repositioning of investable funds accrues the title of the less “bad currency” by default via higher demand for fiat denominated assets. All this resulting from the scourge that is the USD and the economic / financial wars that it has engineered via the boom / bust cycles that are so well orchestrated.
    The US and its handlers/controllers, has and continues to steal from the rest of the world via the fiat monetary system with the abuse of the privilege bestowed upon them. BRICS will not disappear and will in fact flourish in a world less dominated by USD settlement.

    2) Stocks (being chased by Institutional/Sovereign money) are paper assets priced in fiat money. Indexes are distorted dollar averages of stock prices. The concept of bad money chasing yield is a catch 22. Prices inevitably do not reflect reality because of the inflated fiat-debt paradigm, yet they are continuously pushed to extremes regardless.

    3) Gold is money. Wide acceptance and use (of gold) in settlement define its relevance in terms of being money today, notwithstanding history. CB buying is not supportive of the theme that Gold is money. It is reflective of the need for observance of requirement for value combined with solid foundation & the knowledge of the inherent dangers and limitations that fiat (debt) money offers.
    Physical Gold is the only money that is free from liability. Logically it is the most purest of tangible assets.
    In the case of Iran, Gold has and will continue to be THE MONEY for survival of the State, where it is utilised in settlement of Oil trade with India and China.

    4) Depressions are common economic events when excesses build to levels that are not sustainable. They are the release valves for economies. The bigger the bubble, the larger the consequence. In this context when MA talks about “The next decline we will see is going to be far worse than the last one” …..which should take us through to 2020…is incongruous to previous episodes of depressions. The 1929 depression lasted a decade (some even suggest it was not until after WWII that the depression finally ended). Given where we are in the scheme of things in the US and globally, I find it difficult to accept a shallow depression would ensue by resolving itself in less than a decade.

    5) The adoption of the policy to print ad infinitum is primarily done to ensure liquidity in financial markets and thereby avoiding destruction of debt and the onset of a fully fledged depression. The creation of limitless fiat in digital form in present times is only achievable because of the power behind having the default reserve currency. Again this can only continue until the confidence of participants is removed. We are seeing the confidence dissipate very quickly. Time is now of essence. Debt destruction and a resultant Deflationary Depression can only be avoided if the US keeps printing. The recognition of this fact will be logically withheld and obfuscated by the central planners until a new monetary system is fully functional.
    I apologise for the elongated and perhaps verbose response.

  66. allen ols

    Meanwhile, Europe is not only on the verge of economic collapse, but revolution following nearly two million Catalonian secessionists rallying Friday in Barcelona, just days before Scotland’s historic independence referendum. And for those that think David Cameron’s “no” vote pleas are based on anything but self-interest, consider the shocking fact we learned this morning; i.e., an independent Scotland would own 90% of the North Sea’s oil and gas production operations. As for the rest of Europe’s expanding instability, Air France and Lufthansa pilots are commencing massive nation-crippling strikes this morning in yet another death blow to Europe’s collapsing socialism miasma; whilst Germany’s Anti-Euro political party scored big gains in this weekend’s elections, and Spanish and Italian sovereign debt surged to fresh all-time highs.

  67. Dr.J

    This guy is wrong. Gold and silver are the only money. The dollar is currency. The dollar is not money, it fails as it has no intrinsic value and can be replicated with no effort. Go try to print gold or silver. He is smoking something if he thinks we are not investing in metals for a gain. Wrong, wrong, wrong. Those who hold the metal will own his house when this is all over. And yes we absolutely do not trust government or their piece of shit dollar. He obviously does and is therefore in my opinion not to be trusted. Seems like a good knowledgable guy otherwise.

    • Dr.J

      That being said, we are going to know who to listen to from now on depending on what happens this last quarter. We have the gold to 2000 group and the gold to 700 group. This last quarter will show us whos who.

  68. John M.

    Greg, you are most likely right. I believe Roberts and Celente may have also said the same things on that matter. I know of 2 or 3 other analysts who are also saying that these wars are all about energy and pipelines. I have much more faith in what these people are saying rather than what is fabricated and disseminated by the MSM and our government folks.

  69. Jerry

    Hey Greg, do you know what the Bunny Ranch and the Bundy Ranch in Nevada have in common? The American people can get %^&##$ at either one. 🙂

    In case the American people haven’t figured it out yet, the Banking Cabal running this country has been using Federal Land to borrow against since they ran out of real assets the Chinese are interested in. Poor old Dirty Harry was caught with the pie in his hand, when he was showing the Chinese around their new digs. The only thing left in Fort Knox is dust, and a pile of IOU’s.

    • Paul from Indiana

      That became obvious when they took the armor program out of there. Best always. PM

  70. Hobart

    Poultry firms systematically feed low-dose antibiotics to flocks

    Chicken farmer Craig Watts looks over a flock of chickens at C&A Farms in Fairmont, North Carolina. See link below.

    ATLANTA/CHICAGO, Sept 15 (Reuters) – Major U.S. poultry firms are administering antibiotics to their flocks far more pervasively than regulators realize, posing a potential risk to human health.

    Internal records examined by Reuters reveal that some of the nation’s largest poultry producers routinely feed chickens an array of antibiotics – not just when sickness strikes, but as a standard practice over most of the birds’ lives.

  71. Jerry

    For those who want to know WHEN. The final shift has begun. September 30th the Chinese will open its gold exchange in Shanghai for trade. This will begin the final phase away from the dollar as events unfold in Ukraine. Russia and China under the direction of the City of London Corporation have designed this move from the beginning. See the attached article.
    Like I said months ago, this has all been planed by the central planers to replace the dying petrodollar, our debt not withstanding. I hope you are taking this information seriously and making the proper preparations as time is of the essence. Once the BRIC nations embrace the new system, they will drop our dollars causing a tidal wave of money to return to our shores creating hyperinflation. This is serious people.

    • JC Davis

      Jerry the timing seems to be more then coincidence.

  72. Ross

    Martin Armstrong looks like and agent of dis-information. As many have noted the creation of fiat money had reached hocky stick levels with nearly all assets being way over valued. Precious metals is one of the few that are not over valued. By comparison to incomes of 1950, precious metals are cheaper today than that era as a proportion of household income.

    Karen Hudes, so called World Bank whistle blower tried to tell us that there was an extra 170,000 tons of gold. At one stage said there was a million tons but quickly retracted that figure. Hudes in my view is an agent for central bankers.

    I’d have more faith in what Harvey Organ says. Perhaps they can spin it out a little longer but you cannot defy the laws of maths.

  73. Jerry

    Greg, you know what they say about paybacks? This is not going to go down well at all. Look out! Economic retribution is on its way.

    • Greg Hunter

      It is going to an expensively cold winter in Europe.

  74. Mr Fisher

    With the low interest rates and the manipulated markets, it’s like flying through a fog without GPS. There are people who are expecting a Mad Max scenario, and there are people who think the system will continue, well the truth is somewhere in the middle. All I know, things are going to get worse before it gets better.

    On a side note, (illicit) narcotics helps to inject liquidity into the banking system. So, if there is purely digital currency, what happens to the underground drug trade? I don’t even have a personal shopping card, as the data can be sold to third parties.

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