QUESTION: Mr. Armstrong, the fact that you’ve appeared on national TV across Europe and even Russia, but not in the United States, really highlights the depth of censorship here.
On RT, you predicted oil would still hit $200 by 2028. Every analyst they brought on repeated the same line—short-term pain for long-term gain. As you pointed out, that’s straight out of the propaganda script. Not even Tucker Carson will interview you which raises question there as well.
So, with that in mind: do you think the Iran war will push oil to $200 by 2028?
DKK
ANSWER: Energy prices rise with war. This is not just Iran. This is NOT short-term pain and there is NO long-term gain whatsoever! Netanyahu sold the USA on invading Iraq and testified before Congress Saddam was moving to nuclear and he had weapon of mass destruction. We know that was all a lie. I believe Netanyahu should be charged with perjury before Congress aside from his desire for ethnic cleansing. We are showing 2028 as a major turning point. There are two choices. It is a major high, or a low and the major high comes in 2032. A closing above $111 at the end of the year will warn this is going to get worse rather than better.
There is a major long-term crisis that threatens the collapse of the United States. The defense contractors cannot just replenish the missiles that were hurled at Iran, they cost 10 even up to 200 times more than those of Russia, China, or Iran. This is why Iran is winning and I do not say this lightly for shocking headline value.
The U.S. won World War II in large part because Germany was overly fixated on engineering perfection. We mass-produced jeeps on a scale Germany could never match, and our production costs were a fraction of theirs. Today, the shoe is on the other foot.
America can boast the biggest military on paper, but our obsession with sophistication is becoming our downfall, just as it was for Germany in the 1940s. Production costs for modern missiles are absolutely off the charts. A single Patriot interceptor is estimated at around $4 million. Israel and the U.S. have sometimes used multiple interceptors against a single $50,000 drone, with some reports claiming up to eight missiles fired at one target.
By contrast, Iran’s primary attack drone, the Shahed-136, costs somewhere between $20,000 and $50,000 to produce. That low cost is central to Tehran’s strategy. I wrote at the outset of this conflict that Iran’s plan would be to overwhelm defenses with waves of cheap drones, forcing Israel and the U.S. to exhaust their expensive missile stockpiles, leaving them vulnerable to a more serious strike. This is a war of attrition, pure and simple.
The neocons assume that having the largest army guarantees victory. They don’t study history, and they fail to grasp that the way to defeat the U.S. and Israel is precisely through attrition. I cannot believe they are this obtuse.
Our defense contractors, of course, have every incentive to produce the most expensive missiles in the world. They couldn’t care less about the country or its people. They operate on the same assumption that America is invincible, so the checks will keep coming. Meanwhile, China, Russia, Iran, and North Korea all produce their own weapons directly through state-controlled systems. That is the real vulnerability.
And yet the press keeps parroting the neocon script—”short-term pain for long-term gain”—without ever defining what that gain actually is. What does it mean? Oil returning to pre-war prices? The war debt, if we keep rolling it over, will double within a decade. No one in the mainstream media seems willing to ask the obvious questions.
More than 50% of the U.S. national debt is nothing more than accumulated interest payments—money that has NEVER benefited society in any real way. The economists who cooked up Modern Monetary Theory, relying on Quantitative Easing that conspicuously failed to produce inflation, concluded that the government could simply hand out money without consequence. That conclusion reveals a profound ignorance of how the global economy actually works.
China sold into the Quantitative Easing so the money left the United States and never stimulated the domestic economy. This is why mainstream media would NEVER put me on the air because I do not read the scripts handed out by the Neocons.
This year alone, we will add more than $1 trillion dollars in interest cost to roll the debt. Everyone freaked-out in 1980 when the US National Debt hit $1 trillion. This comes to an end ONLY when they cannot sell the next traunch to pay off the old.
Mainstream media today is no better than Pravda under the Soviet Union. The movie on me the Forecaster, was seen on national TV in many countries but not the United States, Marcus had a deal with Netflix and at the last minute they were not allowed to show it. Someone went as far as to break into Marcus’ studio in Germany stole the film. He had a backup. They went to extreme length to prevent that movie. So much for the freedom of speech.
Mainstream churns out neocon propaganda on repeat, yet I’ve never seen a single interviewer bother to ask the obvious question: what exactly is this “long-term gain” they keep talking about?
I’ll personally pay for a first-class trip to the so-called land of freedom and democracy—Ukraine—if any of them cannot offer an intelligent answer. Perhaps they can discover the answer there. They clearly think we’re stupid enough to swallow whatever they say, no matter how little sense it makes.
It’s a sad state of affairs, but it proves a timeless truth: no matter the system of government, those in power will always act in their own self-interest. As Thrasymachus pointed out over 2,000 years ago, nothing has ever changed.
PS: I have tried to warn President Trump, but the Neocons now intercept my letters to him.
