Episode 4686: 80th Anniversary Of The Bombing Of Hiroshima


Posted originally on Rumble By Bannon’s War Room on: August 6, 2025

War Bankrupts Empires, Nations & City-States – Here We Go Again


Posted originally on Jul 27, 2025 by Martin Armstrong 

Louis XIV War

France was on the brink of its Fifth bankruptcy in 1720. France defaulted in 1558 under Henry II, following the costly Habsburg-Valois Wars (also known as the Italian Wars), the outright repudiation of debt, and currency devaluation. Then in 1648, a Debt Crisis occurred under Louis XIV (Early Reign) with the Thirty Years’ War (1618–1648) and the Franco-Spanish War (1635–1659). Louis XIV suspended payments and manipulated currency. Then, in 1661, there was another financial collapse under Louis XIV, when Finance Minister Nicolas Fouquet was arrested for corruption. Jean-Baptiste Colbert later reformed finances, but debt remained high.

Then, in 1715, France fell into bankruptcy following the death of Louis XIV. The War of the Spanish Succession (1701–1714) left France deeply indebted. The regency of Philippe d’Orléans implemented the Visa of 1715, a partial debt repudiation. This brings us to 1720 and the collapse of the Mississippi Bubble (John Law’s system), for which history blamed him without examining France’s chronic debt problems. John Law’s speculative financial scheme collapsed, resulting in hyperinflation of paper money and a banking crisis. The French government defaulted on its obligations.

This was followed by the 1770  Bankruptcy under Louis XV. The Seven Years’ War (1756–1763) and financial mismanagement led to another debt crisis. The Finance Minister Étienne de Silhouette and later René de Maupeou imposed austerity and partial defaults.

Then, just 19 years later, this brings us to the debt crisis that sparked the 1789 French Revolution. The Pre-Revolution Financial Crisis was when France was effectively bankrupt under Louis XVI, leading to the Estates-General and the French Revolution (1789). The revolutionary government later repudiated royal debt.

Then, 23 years later, we come to the 1812–1813 Financial Crisis under Napoleon. The Napoleonic Wars drained French finances. The government resorted to forced loans and currency debasement. Just 5 years later, we come to the 1818 Post-Napoleonic Debt Restructuring. After Waterloo (1815), France struggled with reparations and debt. The Duc de Richelieu negotiated loans to stabilize finances. It is a wonder why anyone lends to governments that always want war.

We arrive at the next Revolution in 1848 and the 1848  Financial Crisis during the Second Republic. The February Revolution led to a credit crunch. The government imposed emergency financial measures, as it was unable to meet its debts, given that this was a socialist revolution against the wealthy.

Never learning from the past, which they always seem to assume is gone, we again arrive at the 1871 Post-Franco-Prussian War Bankruptcy Threat. Here, France had to pay 5 billion francs in reparations to Germany after losing the war. The government took massive loans (e.g., Morgan Loans) to avoid default. This was also why France demanded reparations from Germany after World War I, which resulted in bringing Hitler to power in 1933.

Then there was the Great Depression. Here, France was forced to restructure again in 1936, with the Franc Devaluation and Debt Restructuring. The Great Depression weakened France’s economy. The Popular Front government devalued the franc and restructured debt.

Then there was the 2010 EU Debt Crisis, which most people look at in relation to Greece and stop there. The 2010s European Debt Crisis (Near-Default Risk) contagion affected France, which faced high deficits but avoided sovereign default. Debt-to-GDP rose sharply, but the country barely maintained its creditworthiness and is once again incurring deficits, all to wage war on Russia.

Here we go again. We will see massive sovereign defaults in Europe as they wage war on Russia at the behest of NATO and the Neocons.

Interview: The Road to World War III – Who’s Really Pulling the Strings?


Posted originally on Jul 26, 2025 by Martin Armstrong 

Alex Jones Interview: Armageddon Alert – Top Computer Models Predict A “100% Chance Of Nuclear War In The Next Year” If The Insane Leadership Of The European Union Is Not Removed


Posted Jul 26, 2025 by Martin Armstrong   

“I Still Don’t See A Way Out In That Conflict.” Col. Harvey On U.S. Getting Sucked Into Ukraine War


Posted originally on Rumble By Bannon’s War Room on: July 22, 2025

Steve Bannon: “On September 30th You’re Going To Be Sucking On A CR, A Big Ugly CR.”


Posted originally on Rumble By Bannon’s War Room on: July 8, 2025, at 2:00 pm EST

Steve Bannon: “If You’re Providing Defense For Somebody In An Open Kinetic War, You’re A Combatant.”Posted originally on Rumble By Bannon’s War Room on: July 8, 2025, at 1:00 pm ESTSteve Bannon: “If You’re Providing Defense For Somebody In An Open Kinetic War, You’re A Combatant.”


Posted originally on Rumble By Bannon’s War Room on: July 8, 2025, at 2:00 pm EST

The Four Faces of War


Posted originally on Jun 30, 2025 by Martin Armstrong 

2025 Cycle of War

QUESTION: You are pessimistic about a resolution in the Iran-Israel conflict. Why is this different from Ukraine or even Vietnam?

Jake

Kaganovich Lazar 1893–1991

ANSWER: This conflict between Iran and Israel is far more serious because it is Religious, not Ethnicphilosophical, or Conquest. The Ukraine conflict is ethnic. Ukrainians wrongly hate Russians because Stalin took their food and starved millions. What they REFUSE to admit was that this was retribution by Stalin’s right-hand man Kaganovich, who was from Kiev and was a Jew who was in charge of the operation that most saw as retribution for Ukrainian neo-Nazis who were slaughtering Jews.

There are four primary distinctions between war and its underlying causes. I will address this in a report on the 2025 Cycle of War, many have asked for an update. I will address how each can be resolved and what history teaches us. Wars unfold for different reasons internationally, whereas civil wars, more often than not, unfold because of unfair and oppressive taxation that favors one group over another.

Lucius Verus AR Parthia Victory

There is also a strong correlation between migrations and civil war, as well as disease. Many plagues have followed invasions by the Mongols, bringing the Black Plague to Europe. Alternatively, returning Roman soldiers from waging war on Persia brought the Antonine Plague, which even claimed the life of Emperor Lucius Verus. Here is his coin celebrating his victory over Parthia (Persia).

Trebonianus Gallus AR Ant Plague

The Plague of Cyprian (249-262 AD) most likely originated in Ethiopia. Evidence strongly suggests it was brought into the Roman Empire via troops returning from campaigns on the eastern frontiers, once again involving Persia. It was probably the war against the Sassanid Persians or conflicts in the region. Here is a coin of Trebonianus Gallus (251-253AD) appealing to Apollo Salvtari, who they hoped would protect society. Descriptions by St. Cyprian (Bishop of Carthage) suggest symptoms consistent with a viral hemorrhagic fever (like Ebola or a filovirus) or possibly a severe form of influenza or typhus. Some scholars also propose a re-emergence or mutated form of smallpox or measles. The exact pathogen remains uncertain.

Hostilian Caesar AU Aureus

Bishop Cyprian of Carthage, whom the plague is named after, and Dionysius of Alexandria) report that bodies were being piled in the streets. There was widespread fear and social disruption. The worst was the significant depopulation of cities and countryside, with an estimated loss of between 10% and 20% of the entire population—the impact on the Roman army and government function was profound. Even the emperor Hostilian died from this plague.

This catastrophic pandemic hit during the tumultuous Crisis of the Third Century. This caused massive mortality, further crippled the economy and military, fueled social unrest, and contributed to the empire’s near-collapse. It coincided with barbarian invasions and political instability.

Columbus Landing

The Europeans who invaded America brought diseases, and we cannot pinpoint a single exact percentage of the Indian population that died from disease. However, the overwhelming consensus among historians, anthropologists, and epidemiologists is that introduced European diseases killed somewhere between 80% and 95% of the Indigenous population of the Americas within roughly a century to a century and a half after contact. This represents a loss of tens of millions of lives and constitutes one of the most profound demographic disasters ever recorded. It fundamentally reshaped the societies, cultures, and landscapes of the entire hemisphere. (Sources: Alfred W. Crosby Jr. The Columbian Exchange; Noble David Cook Born to Die; Charles C. Mann *1491*; William M. Denevan The Native Population of the Americas in 1492)

1918 Influenza Depot

The returning soldiers from World War I also brought back the Spanish Flu. In summary, roughly 675,000 Americans died from the Spanish flu, representing about 0.65% of the population at the time, with the majority of deaths occurring during the final stages of WWI and the immediate months following the Armistice. Again, just

Obama Dropped Over 26K Bombs Without Congressional Approval


Posted originally on Jun 27, 2025 by Martin Armstrong

Iran has been the target for decades. Biden, Harris, and Clinton—all the Democrats have said that they would attack Iran if given the opportunity. It appears that Donald Trump is attempting to mitigate a potentially irresolvable situation. As he bluntly told reporters: We basically — we have two countries that have been fighting so long and so hard that they don’t know what the f‑‑‑ they’re doing.”

A portion of the nation believes Trump acted like a dictator by attacking Iran without Congressional approval. I explained how former President Barack Obama decimated the War Powers Resolution Act when he decided Libya was overdue for a regime change. The War Powers Act, or War Powers Resolution of 1973, grants the POTUS the ability to send American troops into battle if Congress receives a 48-hour notice. The stipulation here is that troops cannot remain in battle for over 60 days unless Congress authorizes a declaration of war. Congress could also remove US forces at any time by passing a resolution.

Libya is one of seven nations that Obama bombed without Congressional approval, yet no one remembers him as a wartime president, as the United States was not technically at war. Over 26,000 bombs were deployed across 7 nations under his command in 2016 alone. Libya, Afghanistan, Syria, Yemen, Somalia, Iraq, and Pakistan were attacked without a single vote. Donald Trump’s recent orders saw 36 bombs deployed in Iran.

The majority of those bombings happened in Syria, Libya, and Iraq under the premise of targeting extremist groups like ISIS. Drone strikes were carried out across Somalia, Yemen, and Pakistan as the Obama Administration accused those nations of hosting al-Qaeda affiliated groups. Coincidentally, USAID was also providing funding to those groups.

Trump Obama Neocon War Bombs

The 2001 Authorization for Use of Military Force (AUMF) was initially implemented to hunt down the Taliban and al-Qaeda after the 9/11 terrorist attacks. Obama broadened his interpretation of the AUMF and incorporated newly formed militant groups that were allegedly expanding across the entire Middle East. The Bureau of Investigative Journalism believes there were up to 1,100 civilian casualties in Pakistan, Yemen, and Somalia. Thousands of civilians died in Syria and Iraq but the death toll was never calculated. At least 100 innocent people died in the 2016 attacks in Afghanistan alone.

The government will always augment the law for their personal agenda. The War Powers Resolution was ignored and the AUMF was altered. Congress was, however, successful in preventing Obama from putting US troops on the ground and fighting a full-scale war. In 2013, Obama sought congressional approval for military action in Syria but was denied. Obama again attempted to deploy troops in 2015 but was denied. Congress has to redraft the AUMF to specifically prevent Obama from deploying troops in the Middle East. “The authorization… does not authorize the use of the United States Armed Forces on the ground in Syria for the purpose of combat operations.” Obama attempted to redraft the AUMF on his own by insisting he would prohibit  “enduring offensive ground combat operations” or long-term deployment of troops. He was met with bipartisan disapproval as both sides believed he was attempting to drag the United States into another unnecessary war.

The United States should not be involved in any of these battles, but here we are. Those living in fear that Donald Trump is a dictator fail to recognize that past leadership had every intention of sending American men and women into battle unilaterally without a single vote cast.

Is War a Contagion?


Posted originally on Jun 15, 2025 by Martin Armstrong 

AE WAR M Array 6 14 25

Is War a Contagion?

World War I is certainly a classic case of war emerging as a contagion. The assassination of Archduke Franz Ferdinand triggered a chain reaction of alliances pulling countries into the conflict. That seems like contagion through formal treaties. Yet, there is also the spread of revolutions. The American Revolution saw Washington being inaugurated in 1789, while the French Revolution erupted. Then in 1848, another revolution in France inspired uprisings across Europe. The 1848 revolutions are another example of how ideas and uprisings spread from one nation to another. This is more about ideological influence rather than direct conflict spread.

But not all wars spread. Some stay localized. The Iran-Iraq War in the 80s didn’t escalate beyond the two countries. So why is that? Factors such as alliances, geography, or international intervention can contribute to conflicts. Economic interdependence is another point. Countries tied by trade might avoid war because it’s costly. That has been my point that sanctions promote war, whereas free trade inspires cooperation. Sanctions have not worked on Russia, and they have only galvanized Iran and North Korea. They deter peace and build a wall between hardened adversaries. The European Community is often cited as an example of how economic ties can reduce conflicts. Still, it then formalized a centralized government that imposed centralized laws on migrants, which has divided countries by ignoring their concerns for law and order. But does that always work? Maybe not, but it’s a factor.

Then there’s nationalism and ethnic ties. Yugoslavia’s breakup led to multiple wars because ethnic groups in neighboring areas were affected. That’s contagion through shared identities and tensions spilling over. NATO intervened and bombed Serbia simply because they were pro-Russian. NATO refused to honor the Minsk Agreement in Ukraine because the Donbas was pro-Russian, demonstrating that NATO is by no means impartial or ethical.

The United Nations is just as much a failure as the League of Nations, largely due to internal biases and ethical corruption. The Cold War involved proxy wars but avoided direct superpower clashes, maintaining a semblance of containment for image purposes. Every war that the US got itself into, thanks to the Neocons since World War II, has always been about Russia.

They might also be looking for ways to prevent war contagion. Highlighting factors such as diplomacy, economic ties, and international cooperation could be beneficial. Emphasizing that while contagion happens, it’s not inevitable, and there are mechanisms to stop it.

In conclusion, war can spread like a contagion under certain conditions, but various factors can contain it only to a point.  The idea that war spreads like a contagion holds significant weight in historical analysis, although it’s not a universal or an inevitable law. Several mechanisms demonstrate how conflict can leap from one nation to another, and that MUST be our concern right now between Israel vs Iran, when Iran is by no means standing alone, and the confrontation by the West is in motion against Russia, China, and North Korea, providing incentives to support Iran.

NATO North Atlantic Terror Organization

Alliance Systems & Entangling Commitments, as in NATO, are more of a threat of creating a global war contagion than a deterrence. Treaties (defensive, offensive, or mutual aid) can draw neutral countries into a conflict when one signatory is attacked. This is arguably the most direct form of contagion and the very design of NATO. World War I is the quintessential example of how NATO threatens the very future of Europe and the world. The assassination of Archduke Franz Ferdinand triggered Austria-Hungary’s ultimatum to Serbia. Russia mobilized to support Serbia, Germany mobilized to support Austria-Hungary and declared war on Russia, France mobilized to help Russia, Germany invaded Belgium to attack France, pulling in Britain due to its guarantee of Belgian neutrality. A localized Balkan conflict engulfed Europe and its surrounding regions within weeks. The EU hopes to drag the United States and Canada into their dream war with Russia, which has no benefit to Canada or the United States other than making Bill Gates jump for joy by reducing the population.

Charles I Cromwell

The Ideological or Revolutionary element like overthrowing monarchy, communism against capitalism, Protestant vs Catholic, or Sunni vs Shite, or Islam vs Jeudiam. Successful revolutions or ideological movements can inspire and directly support similar uprisings in neighboring or ideologically aligned countries. Fear of such a spread can also trigger preemptive interventions. Countless examples can be found in the American and French Revolutions, the Cold War, the Revolutions of 1848, and the various religious wars, from pagan vs. Christian to the Protestant Reformation against Catholics, which even led to the English Civil War. The coinage of England displayed the image of Cromwell wearing a laurel wreath (The king is dead, long live the King).

German 1918 Revolution

Even the rise of Marxism with the 1917 Russian Revolution inspired the German Revolution in 1918, which overthrew the government and ushered in the Weimar Republic. That, too, ended in hyperinflation.

Spillover Effects:

1844 Phila Nativism Riot Againt Irish

 Active conflicts create destabilizing forces that inevitably cross borders. Look at the Refugee Crisis. Mass displacement strains resources and can alter demographics/politics in neighboring states. Allowing immigration during an economic decline will always spark civil unrest, which can result in revolution and the overthrow of governments.

Rebels, terrorists, or militias may use neighboring territory as safe havens, drawing those countries into the conflict. That has always been a common practice, as in Vietnam. The Vietnam War (1955-1975) spilled over significantly into neighboring countries, primarily due to the Ho Chi Minh Trail (a vital North Vietnamese supply route) and US efforts to disrupt it, along with political instability in the region. Thailand was a crucial US ally and provided major airbases for US operations over Vietnam, Laos, and Cambodia.

Economic Disruption has also played a key role. Trade routes are severed, markets collapse, and resources become scarce, affecting neighboring countries. This has often resulted in border skirmishes, accidental incursions, or attacks on shared ethnic groups, which can ignite new fronts.

Roman Republic AU Stater 225 212BC

The Syrian Civil War spilled significantly into Iraq and impacted Lebanon, Jordan, and Turkey through refugees, Kurdish issues, and ISIS operations. The Rwandan Genocide spilled into Zaire (DRC), contributing directly to the devastating First and Second Congo Wars.

Even in ancient times, one need only look at the Punic Wars between Rome and Carthage. While Rome and Carthage were the principal antagonists, the Punic Wars were truly Mediterranean-wide conflicts. They involved extensive campaigns across multiple continents (Europe, Africa), drew in major regional powers (Macedon, Syracuse, Numidia), forced countless smaller tribes and cities to choose sides, and reshaped the political map far beyond the immediate territories of the two main rivals. The “spillover” was fundamental to the nature and scale of these wars. Rome issued its first gold coin to impress other Italian city-states to side with them.

The Danger of Victory – Power Vacuums:

A major conflict can weaken a regional power or create a power vacuum. This is what NATO and the EU are doing, sacrificing Ukraine to reduce Russia in hopes of conquest. Here, the EU is deliberately promoting war against Russia to create an opportunity to settle old scores, grab territory, and expand its influence, believing that Europe can rise again to its former glory.

During World War II, Italy’s invasion of Greece and the Soviet Union’s invasion of Finland were opportunistic moves made while the major powers (Germany, France/UK) were focused elsewhere. The collapse of the Ottoman Empire created power vacuums that drew in multiple regional and European powers, who carved up the Middle East.

Nationalism & Ethnic Kin:

Conflict involving a specific ethnic group can ignite tensions or interventionist desires in neighboring states where the same group lives (or where a rival group lives). Hitler invaded Poland because the carving up of Germany after World War I left the Germans stranded in Poland.

The breakup of Yugoslavia saw conflicts spread partly due to the presence of Serb populations in Croatia and Bosnia, drawing in Serbia, and Croat/Bosniak populations drawing in support from Croatia. Albanian populations in Kosovo and Macedonia are also linked to conflicts. This is the core issue in Ukraine since the Donbas and Crimea are ethnic Russians, not Ukrainians, but the EU and US Neocons do not care because they want war with Russia.

147 ECM Wave 51.6 1469.65 1521.25

Religious Conflict:

The most significant danger that we have currently is that this war between Iran and Israel is perceived as a religious war. With the massive influx of Muslims into Europe, the danger is that we see major civil unrest in all the major cities throughout Europe as this war is seen through ethnic/religious lines. We find that religion becomes the excuse for civil unrest and war when the economy turns down. We saw that with the Protestant Reformation, once the ECM turned down from 1516.95.

The Protestant Reformation spread through a powerful combination of technological innovation, political ambition, social discontent, religious fervor, and adaptable ideas. It is widely believed that the invention of the printing press facilitated this movement, as Johannes Gutenberg’s invention (c. 1440) revolutionized communication, allowing for the mass distribution of ideas. Pamphlets, sermons, cartoons (often crude and effective), and crucially, Martin Luther’s 95 Theses and subsequent writings were printed cheaply and in massive quantities.

Henry VIII Debased Groats

Translations of the Bible into German (Luther), English (Tyndale), French, and other languages also finally allowed laypeople direct access to scripture, bypassing the Latin-literate clergy and fueling critiques of Church practices. Luther’s German Bible became a bestseller. Many rulers in the Holy Roman Empire saw the Reformation as an opportunity to seize Church lands and wealth as the economy was turning down very hard. Kings like Henry VIII of England were dead broke and debasing their coinage. The Reformation rhetoric that called for a break with Rome prevented his bankruptcy. Gustav Vasa of Sweden used the Reformation to consolidate national power, confiscate Church property, and reduce papal influence. The powerful merchant cities, such as Strasbourg, Zurich, Geneva, and Nuremberg, often embraced reform, which was also profitable. They now controlled local churches, ended payments to Rome, and aligned with the rising merchant classes who favored reform and banking. Urban settings were also hotbeds for the exchange of new ideas. This is where history draws the beginning of capitalism, as Christians could not become bankers, rejecting the Sin of Usury.

Luther’s ideas provided the compelling religious message that resonated with existing grievances. Ambitious rulers and city councils provided the essential political protection and institutionalization. Other reformers adapted the message to different contexts, ensuring its relevance across diverse regions. Social and economic discontent created fertile ground. Together, these factors created an unstoppable wave that permanently fractured Western Christendom.

124 ECM Wave 51.6 282.85 334.45
Maxentius AU Aureus as Princeps

We see the same incentives behind Constantine claiming he saw a vision in the sky and painted a cross on the shield of his legions, who were outnumbered 2:1, because the legions of Magentius were Christian. Magnentius built the first Christian church in Rome. With his victory, Constantine entered Rome on October 29th, 312 AD, and staged a grand entrance into the city. Constantine did everything possible to pretend it was a widespread jubilation, but the people did not trust him.

ArchConstantine

The fall hid Maxentius’ scepter to deprive Constantine of his glorious victory. Constantine ordered Maxentius’ body to be fished out of the Tiber River, where he had drowned, and decapitated the corpse, parading his head on a pike through the streets of Rome for all to see. Constantine was not baptized until his deathbed. He continued to issue pagan coinage, not Christian.

Constantine certainly did not patronize Christianity alone. After gaining victory in the Battle of the Milvian Bridge in 312 AD, he constructed in 315 AD a triumphal arch that still stands by the Colosseum. —The Arch of Constantine. The arch is decorated with images of the goddess Victoria. At the time of its dedication, sacrifices were made to gods such as Apollo, Diana, and Hercules. Absent from the Arch are any depictions of Christian symbolism whatsoever.

AE Follis 325-328 Christian Symbol

This is the ONLY coin that Constantine issued with any Christian symbol. This was issued briefly once, in 327-328 AD, and is quite rare. All his other coins are standard Pagan type issues, even years after his victory at the Battle of the Milvian Bridge, which took place between the Roman Emperors Constantine I and Maxentius on October 28, 312 AD.

Constantine’s approach to pagan temple wealth was complex and not a simple confiscation. He “redirected” significant resources from pagan institutions to support mainly his own projects. Constantine did not issue a blanket decree stripping all pagan temples of their wealth across the empire. Many temples continued to function, especially in the West, during his reign. He did seize temple wealth famously using their treasures (gold, statues, precious materials) stripped from major pagan temples in the Eastern provinces (Greece, Asia Minor) to fund and adorn his new capital, Constantinople. This was presented as a transfer of imperial glory, not purely religious plunder, but it undeniably drained wealth from pagan centers. The temples in the West escaped and continued to practice compared to those in the East.

Local vs Spreading Conflicts:

A war is UNLIKELY to spread when the issues are purely local and do not involve ethnic differences that extend to surrounding nations. This includes religion. The Iran-Iraq War (1980-1988) remained largely bilateral despite its scale and regional impact. The Falklands War was also contained. The same can be said of the English Civil War (which reached a pivotal point with the execution of King Charles I in January 1649), which did not directly spread as a large-scale military conflict to other sovereign nations like France, Spain, or the Dutch Republic. However, it significantly impacted and involved other parts of the British Isles and had international repercussions:

War & Contagions:

War demonstrably can and has spread from country to country through mechanisms resembling contagion, like a disease. This has often been facilitated, particularly through alliances, ideological spillover, physical spillover effects, opportunism, and ethnic or nationalist ties. Our greatest threat with this war between Iran and Israel is that this becomes religious and spreads, especially in Europe, as a clash between Islam and Judaism, as well as Christianity, from the militants who have flooded into Europe.