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Recorded on August 10 2026 at NRS Studios Martin Armstrong of Armstrong Economics joins Steve Yang for a focused discussion on economic cycles, capital flows, market forecasting, and the signals that can appear before major economic and geopolitical shifts. Armstrong explains his Economic Confidence Model and his view that periods of economic deterioration can coincide with rising geopolitical instability. He discusses the global economic cycle, foreign-exchange forecasting, historical capital movements, and examples that shaped his approach to understanding how money moves ahead of major events. The conversation also explores how Armstrong’s computer models developed beyond traditional market forecasting. He explains why he believes analyzing capital flows across countries and asset classes can provide a broader picture than studying individual markets in isolation, and discusses a system with a decades-long track record covering more than 1,000 instruments globally. This NRS WORLD CLIPS segment comes from the full Martin Armstrong interview on NRS World. #Millettian WATCH THE FULL INTERVIEW ON NRS WORLD: Martin Armstrong / Armstrong Economics Website:
HomeX: https://x.com/ArmstrongEcon YouTube: https://www.youtube.com/@MartinArmstrongAE LinkedIn: https://www.linkedin.com/in/martin-armstrong-89762538/ Natural Resource Stocks NRS Main Channel: https://www.youtube.com/@naturalresourcestocks NRS World: https://www.youtube.com/@NaturalResoureStocksWorld LinkedIn: https://www.linkedin.com/company/naturalresourcestocks-net/ Facebook: https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/ TikTok:
Instagram: https://www.instagram.com/naturalresourcestocks/ Disclaimer: This content is for informational and educational purposes only and is not financial advice. The opinions expressed are those of the guest or speaker and do not necessarily reflect the views of the host, NRS, or Natural Resource Stocks. Nothing discussed should be relied upon as a recommendation to buy, sell, or hold any investment. Always do your own due diligence and consult a qualified financial professional before making any financial decision.@natural.resource.stocks
Recorded on August 4, 2026 at NRS Studios This NRS World clip from Tom Luongo’s conversation with host Andy Millette focuses on the mechanics behind the yen carry trade, the euro-yen cross, and the global capital flows connecting Japan, Europe, the United States, and major central banks. Luongo explains why investors borrow in low-rate currencies, how small yield spreads become significant when leverage is added, and why currency movements can force carry trades to unwind. Luongo also lays out his thesis that European institutions and offshore financial centers are major beneficiaries of yen-funded leverage. He discusses the Bank of Japan’s rate path, Japanese government bonds, U.S. Treasuries, German bond spreads, Bank of England holdings, and the role of shadow banking. These are Luongo’s interpretations, not established facts, and the clip is presented for discussion and education. Watch the full NRS World interview: Tom Luongo Patreon https://www.patreon.com/GoldGoatsNGuns X https://x.com/TFL1728 Host Andy Millette Natural Resource Stocks https://www.NaturalResourceStocks.net NRS Main https://www.youtube.com/@naturalresourcestocks NRS World https://www.youtube.com/@NaturalResoureStocksWorld X https://x.com/theandymillette LinkedIn https://www.linkedin.com/in/andymillette/ Natural Resource Stocks LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/ Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/ TikTok https://www.tiktok.com/@natural.resource.stocks Instagram https://www.instagram.com/naturalresourcestocks/ Like, subscribe, and ring the bell. #Millettian Disclaimer This content is for informational and educational purposes only and is not financial advice. The opinions expressed are those of the guest or speaker and do not necessarily reflect the views of the host, NRS, or Natural Resource Stocks. Nothing discussed should be relied upon as a recommendation to buy, sell, or hold any investment. Always do your own due diligence and consult a qualified professional.
Recorded on July 21, 2026 at NRS Studios. Watch the complete NRS World interview with Bob Moriarty and Steve Yang: In this selected excerpt, Bob Moriarty of 321 Gold and 321 Energy examines the historical cycle of reserve currencies and explains why he believes the United States is entering an end-of-empire phase. Moriarty discusses how monetary power changes over time, why countries repeatedly make similar political and financial mistakes and what the history of Rome may reveal about modern institutions. He also connects reserve-currency decline with changes in warfare, including the growing use of inexpensive drones against far more costly military systems. The conversation then turns to Moriarty’s experience identifying major bottoms in gold and silver. He explains why he and his late wife launched 321 Gold as an information resource for retail investors and why he believes tangible assets can help preserve wealth during periods of monetary instability. Assets discussed include gold, silver, uranium and copper. The historical comparisons, financial forecasts and political conclusions expressed in this clip represent Bob Moriarty’s analysis and opinions. Viewers should evaluate all claims independently. BOB MORIARTY 321 Gold http://www.321gold.com/ 321 Energy http://www.321energy.com/ Cambridge House profile https://cambridgehouse.com/u/2181/robert-moriarty HOST STEVE YANG — NATURAL RESOURCE STOCKS Website https://www.NaturalResourceStocks.net NRS World https://www.youtube.com/@NaturalResoureStocksWorld Steve Yang on X https://x.com/JustSteveYang NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/ NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/ NRS TikTok
NRS Instagram https://www.instagram.com/naturalresourcestocks/ Like, subscribe, and ring the bell. #Millettian This content is for informational and educational purposes only and is not financial advice. The opinions expressed are those of the guest or speaker and do not necessarily reflect the views of the host, NRS, or Natural Resource Stocks. Nothing discussed should be relied upon as a recommendation to buy, sell, or hold any investment. Always do your own due diligence and consult a qualified professional.@natural.resource.stocks
Recorded on July 21 2026 at NRS Studios Former CIA analyst and State Department counterterrorism official Larry C. Johnson joins Steve Yang to examine the energy, industrial, and military supply constraints surrounding the conflict with Iran. In this NRS World clip, Johnson argues that shortages involving diesel, aviation fuel, precision-guided missiles, and critical rare-earth minerals could place increasing pressure on the United States and its military operations. The discussion covers refinery limitations, sour crude, the Strait of Hormuz, transportation costs, missile inventories, Chinese rare-earth export controls, Iran’s use of the BeiDou navigation system, and the vulnerability of expensive military surveillance platforms. Watch the complete NRS World interview: Larry C. Johnson and Sonar21 Website https://sonar21.com/ YouTube https://www.youtube.com/@Sonar21-d3m Host Steve Yang X https://x.com/JustSteveYang Natural Resource Stocks Website https://www.NaturalResourceStocks.net YouTube Main https://www.youtube.com/@naturalresourcestocks YouTube World https://www.youtube.com/@NaturalResoureStocksWorld LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/ Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/ TikTok
Instagram https://www.instagram.com/naturalresourcestocks/ Like, subscribe, and ring the bell. #Millettian This content is for informational and educational purposes only and is not financial advice. The opinions expressed are those of the guest or speaker and do not necessarily reflect the views of the host, NRS, or Natural Resource Stocks. Nothing discussed should be relied upon as a recommendation to buy, sell, or hold any investment. Always do your own due diligence and consult a qualified professional.@natural.resource.stocks
Recorded on June 17 2026 at NRS Studios In this NRS WORLD CLIPS segment from Bob Moriarty’s full interview with Steve Yang, Moriarty connects the Strait of Hormuz, Gulf security guarantees, the petrodollar system, U.S. debt, the F-35 program, the military industrial complex, and the global energy supply chain into one sweeping geopolitical warning. He argues that the Strait of Hormuz is not just a regional chokepoint, but a global market pressure point that could impact oil, bonds, currencies, energy prices, and U.S. financial stability. Moriarty says Gulf states such as Saudi Arabia, Qatar, and the UAE were promised a U.S. security umbrella, but may now reconsider their alignment if they believe that protection has failed. From there, he moves into one of the strongest market-focused moments of the interview: his claim that the petrodollar system is finished, and that this could create serious consequences for U.S. bond markets, the stock market, and the Treasury system. The clip also covers his criticism of U.S. military spending, including the F-35 program, and why he believes the military industrial complex plays a central role in American politics. Moriarty then brings the conversation back to oil, Cushing storage, price spikes, and the lag effect that can remain even after a political agreement is signed. His warning is simple: even if a deal appears on paper, the energy system does not instantly reset. #Millettian Watch the full NRS World interview here: Key topics: Strait of Hormuz Bob Moriarty on the petrodollar Iran and Gulf security Saudi Arabia, Qatar, and UAE Oil supply chains Cushing oil storage Global energy crisis U.S. bond market pressure Military industrial complex F-35 program U.S. debt and defense spending Middle East geopolitics NRS World NRS WORLD CLIPS Guest links: 321 Gold http://www.321gold.com/ Robert Moriarty at Cambridge House https://cambridgehouse.com/u/2181/robert-moriarty Bob Moriarty at Financial Sense https://www.financialsense.com/contributors/bob-moriarty Host Steve Yang and Natural Resource Stocks: Website https://www.NaturalResourceStocks.net NRS Main Channel https://www.youtube.com/@naturalresourcestocks NRS World https://www.youtube.com/@NaturalResoureStocksWorld Steve Yang X https://x.com/SteveYangStocks Steve Yang LinkedIn https://www.linkedin.com/in/steveyangstocks/ NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/ NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/ NRS TikTok
NRS Instagram https://www.instagram.com/naturalresourcestocks/ Disclaimer: This content is for informational and educational purposes only and is not financial advice. The opinions expressed are those of the guest or speaker and do not necessarily reflect the views of the host, NRS, or Natural Resource Stocks. Nothing discussed should be relied upon as a recommendation to buy, sell, or hold any investment. Always do your own due diligence and consult a qualified financial professional before making any financial decision.@natural.resource.stocks
David Pyne joins Steve Yang on NRS World for a direct geopolitical breakdown of the Iran war, Trump, Netanyahu, Israel, the Strait of Hormuz, Congress, and the question of whether the United States can still find an exit ramp. In this clip, Pyne argues that Trump and Netanyahu may no longer be fully aligned on Iran. He explains why Trump may want a way out, why Netanyahu may have different strategic objectives, and why the conflict could become another forever war if no real ceasefire is reached. Pyne also breaks down the leverage question. He argues that Iran does not hold all the cards, but holds more leverage than the United States because of the Strait of Hormuz, blockade pressure, energy markets, and the potential economic fallout from a prolonged conflict. The conversation also moves into the nuclear weapons narrative, the War Powers debate in Congress, AIPAC influence, and the broader question of how U.S. foreign policy is shaped during moments of war. This clip comes from the full NRS World interview with David Pyne. Watch the full NRS World interview here: Guest links: David Pyne Substack https://dpyne.substack.com/ EMP Task Force leadership profile
David PyneNatural Resource Stocks links: Website https://www.NaturalResourceStocks.net NRS Main YouTube https://www.youtube.com/@naturalresourcestocks NRS World YouTube https://www.youtube.com/@NaturalResoureStocksWorld NRS Clips YouTube https://www.youtube.com/@NaturalResoureStocksClips Steve Yang links: X https://x.com/TheSteveYang X https://x.com/SteveYangStocks LinkedIn https://www.linkedin.com/in/thesteveyang/ LinkedIn https://www.linkedin.com/in/steveyangstocks/ NRS socials: LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/ Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/ TikTok
Instagram https://www.instagram.com/naturalresourcestocks/ Disclaimer: This content is for informational and educational purposes only and is not financial advice. The opinions expressed are those of the guest or speaker and do not necessarily reflect the views of the host, NRS, or Natural Resource Stocks. Nothing discussed should be relied upon as a recommendation to buy, sell, or hold any investment. Always do your own due diligence and consult a qualified financial professional before making any financial decision. #Millettian@natural.resource.stocks
Simon Hunt joins Andy Millette on NRS World for a wide-ranging discussion on the Strait of Hormuz crisis, the Middle East conflict, Iran, Israel, Lebanon, the Red Sea, China, Russia, Europe, gold, recession, food inflation, AI data centers, copper demand, and the broader global market setup. In this interview, Hunt argues that there is no early end to the war and no early reopening of the Strait of Hormuz. He explains why the impact could reach far beyond oil and into transportation, food production, fertilizer, household costs, government, industry, and global economic activity. He also discusses why the shock may start in Asia before moving through Europe and eventually into the United States. The conversation expands into the possibility of a new Gulf security architecture involving China, Russia, Saudi Arabia, Qatar, the UAE, Pakistan, and Iran. Hunt also discusses Europe’s political instability, Germany, NATO, Russia, and why a shift in European politics could have major consequences for the global balance of power. Andy and Simon also cover gold, the S&P 500, recession risk, bonds, interest rates, fiat currency purchasing power, physical gold outside the banking system, and why Hunt believes investors may need to think carefully about liquidity, market rallies, and long-term financial security. The final part of the interview focuses on AI and commodities. Hunt challenges the assumption that AI data centers will automatically create the copper demand boom many investors expect, pointing instead to constraints around permitting, equipment, transformers, grid buildout, photonics, fiber optics, aluminum, and new technologies that may reduce copper use in future data center infrastructure. Watch the full interview here: https://youtu.be/9CeONeU96LI Guest link Simon Hunt https://simon-hunt.com/ Host Andy Millette Natural Resource Stocks Website https://www.NaturalResourceStocks.net YouTube Main https://www.youtube.com/@naturalresourcestocks YouTube World https://www.youtube.com/@NaturalResoureStocksWorld YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips X https://x.com/theandymillette LinkedIn https://www.linkedin.com/in/andymillette/ NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/ NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/ NRS TikTok https://www.tiktok.com/@natural.resource.stocks NRS Instagram https://www.instagram.com/naturalresourcestocks/ Disclaimer: This content is for informational and educational purposes only and is not financial advice. The opinions expressed are those of the guest or speaker and do not necessarily reflect the views of the host, NRS, or Natural Resource Stocks. Nothing discussed should be relied upon as a recommendation to buy, sell, or hold any investment. Always do your own due diligence and consult a qualified financial professional before making any financial decision. #Millettian
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