Armstrong effectively connects historical patterns of imperial decline to modern fiscal overreach, exposing the inherent instability of debt-dependent economies. It offers a necessary, albeit grim, perspective on the long-term consequences of unchecked government spending.
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"The COLLAPSE Has Begun..." - Martin ArmstrongAñadido:
The EU is in absolute desperate shape and the total amount of GDP that goes [music] to fund the government just to keep the bureaucrats you know fat and [music] happy in the EU is the highest in the world. It's nearly 50% of the entire economy goes to the bureaucrats.
In the United States it's about 35.
Canada is about 44. [music] So to give you an idea, this is why the EU needs war. They have the lowest economic growth period. A debt crisis which you take the problem we have with energy from the straits of Hormoose. I mean there's a crisis [music] that is just unbelievable in the stupidity of bringing it about. you know, as I've said up there in the conferences in Canada. I mean, I didn't go to to West Point, [music] but if you're going to start a war with Iran, I think you should have secured the Straits of Hermoose first.
This is always the same Neocon nonsense and Netanyahu. Oh, we go in, we kill the Ayatollah, we basically bomb them so they can't use nukes, and we win everything in an hour. There's never a consideration. What if that doesn't work? [music] All right. They did the same thing with Iraq. You had Dick Cheney out there. Oh, this will be just weeks. It was [music] eight years. They never consider what happens if they're wrong. Iran has strategically won. No matter what anybody wants to say, they have control of the straits of Harmoose.
Netanyahu, my opinion, him and Zalinski, you know, both of them only look at their own self-interest. Here you had Trump remove some of the sanctions on Russian oil. So what did Zillinsky do?
Oh, he didn't want Russia to benefit. So he attacked their oil to reduce it down to 40%. Netanyahu was there in the situation room selling this to Trump. My question is, Trump aside, there was nobody else in the room that even brought up the possibility that Iran would use the Straits as a trump card. I just find it disappointing that there's nobody there with any real intelligence at this point in the game. Europe is going to now with Hungary [music] in their pocket, they're going to start war with Russia. They do not care about the world. This is a personal vendetta on both sides. So what the idiots don't know and if they just opened up a history book, they think, "Oh, we have the biggest military in the world." And everybody else would just fall. [music] If they picked up a history book, they would see the biggest always falls.
Persia fell to the Greeks. All right?
The Greeks fell to the Romans. Even Carthage fell to the Romans. You know, when they were fledglings. This is the way it goes. And Iran has won strategically. And I don't care what anybody else says. George Washington, it's the same thing. He knew he could not go toe-to-toe with Britain. So what did he do? He adopted guerrilla warfare and won. This is what Iran is doing. And what people do not realize is we saw them, you take out a tanker, fine, that's 3 million barrels, whatever. They started attacking the refineries of the other Gulf states. You do that, you brought down Asia. We have offices in Thailand. Not only there's no gasoline, there's no diesel. With no diesel, you can't send out the shipping fleets for food. The lack of intelligence here, it's mind-blowing really. the real Trump card, which nobody even talks about.
Netanyahu is refusing any kind of a ceasefire because he is focused on the destruction of Iran. If I'm Iran and let's say you're bringing it to the point, my last dying breath, what am I doing? I am going to blow up all the cables that connect the entire world financial system, all the banks, etc. runs right through the straits of Hormos. Nobody's looked at this. I mean we had offices in UAE. There is a $30 billion project there. Everybody's there. Open AI, Amazon, etc. They send some drones in to attack it. They took it down briefly. I can tell you cuz our staff, the banks were down for 7 days.
That was just in the UAE. And that was just attacking that facility. All right.
You take out those cables, guess what?
This is going to be like the truckers.
you can't even use the bank accounts [music] and you've got a a sovereign debt crisis. It's off the radar of everybody. I mean, people think that the Middle East is just rolling in money when oil went down and it went down to $6.50 during CO. What did they do? They borrowed extensively and then a lot of them even stupidly signed contracts for 10 years of oil at $30ome dollars a barrel to China. So oil goes up to 100, doesn't matter. You still got to sell it at 30 bucks. On top of that, it's more than just an energy crisis. You shut that down. Okay? They can't sell oil at any price. Guess what? You get a sovereign debt crisis. And then that ripples through the banking system. I mean, this is the worst possible war that anybody could have possibly even contemplated. This is what our computers been forecasting about 2032. People are going to realize that our forms of government don't work. They're incompetent. We have no right to vote on any of this stuff. I mean, did anybody ask us, "Shall we go to war with Iran?"
No. You know, Trump goes, "Oh, that's a good idea." It's even questionable when you have a foreign government in the situation room usurping US foreign policy. It's never been done before. You can look up maybe you can find a copy of the book. It's called rediscovery of the business cycle by Paul Vulker. In 1979 he said Keynesian economics the new economics failed. [music] Yet these you know heads of central banks continue to use it and they know it doesn't work.
[music] It's just absurd. And then you have people that don't understand what the hell they're forecasting. Oh the stock market's going to fall 80%. Why?
because they look at a chart from 1929.
What they don't know is the US had a balanced budget at that time. All of Europe defaulted. South America defaulted. Asia was defaulting on their debts. So the all the capital was coming to the dollar. So it was massive deflation. But the US didn't default.
Okay. So fine, you say, "Oh, the stock market's going to fall 80%." So that means you buy government bonds. I mean, they don't even connect the dots. They don't understand the world economy. then or now. And stocks end up being a private asset. And that's the only thing that's going to survive when governments default on their debts. Cuz when a government defaults, you get nothing. If General Motors defaulted, they go into bankruptcy, they sell off the assets, you get something back. That doesn't happen with governments. You can't go down to the National Art Museum and start lifting Picassos. [music] I mean this is a conundrum that it's like what they say Murphy's law whatever they can screw up they have screwed up because it's not just one thing I mean it's every which way from Sunday and the idiots that we have there don't know anything and Hungary that's it that's the last straw there's nothing now to stop the EU from going to war with Russia and it wouldn't surprise me if they didn't do it already by June I mean it's just a mess Supposedly, when they formed the EU, they guaranteed it wouldn't be a tyrannical. They said it would require a unanimous vote. So, that one vote that was stopping everything was Hungary. You know, it was Hungary objecting to Ukraine joining NATO. It was Hungary objecting to money, billions being poured into Ukraine from, you know, illegally seized Russian assets, which were private assets, not even the government. And people don't even understand that Switzerland has lost any kind of credibility. So is Sweden. They were confiscating assets of Russian individuals, not government. This is what Europe has done. They stole private [music] assets just as you know Canada was doing to people that just donated to truckers. You know they oh Russian assets. They make it sound like it's the Russian government and the a lot of the stuff that they have, yachts, properties, things like this that were private individuals. Czechoslovak even had the audacity to say anybody that's Russian, we're going to confiscate all their real estate. Period. Like I said, just look at the total cost of government in the EU as a percentage GDP and it's virtually 50%. The highest in the world. I mean, Mcronone has been arguing to send, you know, boots on the ground and so does UK. Carney just topped up what Canada pays to NATO. He's fully on. You're going to have drafts just like everybody else. And I don't know if you've seen the latest thing from Germany that if you're of draft age, you're not allowed to leave the country for more than 3 months. You know, France, they're all basically doing the same thing. Why? Because the economic model is a disaster. Once you go down this pebbled road of socialism and you know, oh, the government cares about me. They don't give two shits about you. By selling socialism, vote for me and I'll give you this. It's bribing the people all the time. And once you get in that, it does nothing but gross. And it's unstoppable because [music] eventually you have to default.
There has to be a revolution and the government falls. History says this all the time, but they always think this time is different somehow. What I'm saying wasn't true. As I said before, we would still be speaking Babylonian. The biggest always fall. It's hubus. It's mismanagement. I mean, they fight like hell to retain power. There's absolutely no purpose whatsoever to NATO. NATO was there as the check against the Warsaw Pack. When communism fell, why do we need NATO? And all their pensions and salaries, they're only good if Russia wants to invade Europe. As if it's Cruchef still, you know? So, they have to say, "Oh, Putin wants to invade Europe. Give us money and we'll protect you." I mean, it's like a mafia protection game. They go down to the stores and say, "Pay me and then nobody's going to bother you." And this is what NATO has become. It's just a protection right.
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