Stansberry Radio Interview Series: What free-market master Richard Maybury is thinking now…
Welcome back to the Stansberry Radio Interview Series.
As you know, every Saturday the Stansberry Radio Network brings you the most valuable ideas from the most intriguing guests from all of our shows.
This week Porter Stansberry interviews best-selling author Richard Maybury. Richard is also the founder and President of Henry Madison Research and publisher of The Early Warning Report.
Since 9-11, thousands have been hanging onto Mr. Maybury’s every word. Subscribers who have taken his advice – to invest in things that do well in wartime – have reaped astounding profits.
Mr. Maybury calls his viewpoint “Juris Naturalism,” the belief that natural law is higher than any government’s law. This, incidentally, was also the philosophy of Thomas Jefferson, George Washington, and other American founders.
“Let me be very clear about this,” Mr. Maybury states. “I’m proud of my viewpoint and do not try to hide it behind a smokescreen of phony objectivity. I believe political power is the most evil thing humans ever discovered. It corrupts the morals and the judgment.”
In the following interview, Richard talks about the current state of the world. He tells Porter that governments all over the world who assumed that Washington was protecting them – and spent their money on welfare programs instead of defense – are close to helpless now. Washington has nowhere near the resources to do it.
Before Porter lets Richard go, he asks him three “tough questions.” You don’t want to miss his answers…
The Stansberry Radio Network
Originally aired on the Stansberry Radio Network on May 29, 2014
Porter Stansberry: Richard, how are you?
Richard Maybury: Good. Good to hear your voice, Porter.
Stansberry: Nice to hear you too, Richard, and thanks for taking some time to talk with us.
Maybury: Well, I appreciate you having me on. It’s an honor. And, incidentally, I would like to compliment you personally on the job you’ve been doing helping the American people receive a non-status point of view for a change. The major news media, they’re all status, and they pretty much speak in lockstep with each other. You’re doing a really great job. You’re one of the leaders out there trying to get a non-status viewpoint across, and I thank you myself very much.
Stansberry: That is a tremendous compliment… maybe the finest I’ve ever been given. Thank you, Richard. You’ve been doing that for your whole life and you’re one of the people that inspired me to do what I do, so I’m very flattered.
So, Richard, if you don’t mind, for folks who may be first-time listeners or maybe not familiar with you and your reputation, Richard Maybury is, in my mind, the foremost historian… but you’re really a futurist. You’re really looking at the history of Eurasia and explaining the risks that that area poses to the world going forward. But I think you’re most well-known for your idea of Chaostan. And if you could, please, just briefly explain the theory.
Maybury: After the American Revolution, there was a sudden, tremendous development of prosperity in America – liberty and prosperity – and the rest of the world saw this and they wanted it for themselves. And so the principles of the American Revolution began to spread around the world, but they didn’t go all the way around the world. The problem was that the socialist revolutions began to erupt in the 1800s, and they put a halt to the spread of the American principles.
And the part of the world – I should say the most important part of the world that never got those principles – is the area from the Arctic Ocean to the Indian Ocean and Poland to the Pacific. Plus North Africa. That’s the area that I call Chaostan.
[Choastan] has been just a vast sea of blood and destruction since the beginning of history, because they did not have these principles, and they never did get them, because the socialist revolution cut off the spread of those principles. And so we live with the result of that today.
That area of the world is in this constant state of turmoil… and there’s no hope for it until they decide to go down the road that America did in the early 1800s and what came to be known as “the free world” did in the late 1800s and in the 20th century.
I began to realize this right after the fall of the Soviet empire around 1990. While everybody else was singing about the new era of peace and brotherly love, I was saying the Soviet government sat on that area like a lid on a pressure cooker, and now the Soviet government is gone. The lid is blown off, and all hell is going to break loose. And it did, and it hasn’t gotten any better, as you can see by watching the news. And in fact, I think it’s going to get a whole lot worse because of some articles that I’ve been writing about the treaties of Westphalia. Do you want to get into that?
Stansberry: I think we can get into that, but before we do, let’s back up a bit. Tell us what’s the big new thing that you see coming? I mean, people want to know… is this thing in the Crimea and then the Ukraine – is it going to be peacefully settled? Is that really a big thing, or is that a smokescreen for something else that’s going on?
Maybury: Well, it’s not a smokescreen but it does obscure the view a little bit, because the news media focus in on these things and they regard, for instance, Ukraine as a problem, a big problem. But that’s just a symptom of the really big problem, which is the destruction of the treaties of Westphalia.
In the 1500s and 1600s, governments got together and said, “Boy, we’ve got to do something about these wars that we’re getting into all the time,” so they made a series of agreements that are now just called Westphalia, in which they promised to not cross each other’s borders, except when there is clear and present danger. You’re not allowed to just invade somebody else’s country. You have to have clear and present danger from them before you can use military force.
This was, of course, violated many, many times, but after World War II, after everybody saw what happened in World War II, these governments kind of renewed the effort to try to keep the warfare under control. In the Nuremberg decisions they agreed that from now on the treaties of Westphalia would have some teeth in them and you would no longer be able to cross borders just because you think those people on the other side are bad people. You actually have to have clear and present danger before you can invade somebody else’s country.
Stansberry: But Condoleezza Rice and President Bush said that we didn’t need to do that anymore.
Maybury: You’re right. You’re putting the finger right on the problem. There’s this idea of American exceptionalism that came up after World War II, where the U.S. government said, “We’re so powerful. We’re running everything, and we don’t have to obey the rules.” So, no sooner were the new props for the Westphalia agreements set up at Nuremberg when the U.S. government began to knock the props back out from under it again. Time after time after time, Washington invaded other countries when those other countries were not a clear and present danger, and these precedents built up over and over.
In the ’90s I began writing about it… “This is gonna be terrible. They are erasing Westphalia. This is going to be a catastrophe.” And finally the Libya invasion in 2011, I think, was the straw that broke the camel’s back.
I was writing then that Washington had essentially given the world permission now to invade other countries. Anybody can invade anybody else’s country, as long as they think those people are bad people, and that’s what’s going on now. The whole world is starting to blow up because Washington erased Westphalia.
The gloves are off… and you see Moscow and Beijing coming to the floor saying, “This is great. We can do whatever we want now, and we’re going to do it.” And this has just developed in the last three months or so. It’s just erupted like a volcano… all of a sudden that the whole world is realizing that the constraints on invasion are gone.
One of the big financial ramifications of this is you’ve got governments all over the world who were assuming that Washington was protecting them and they could go ahead and spend their money on welfare programs instead of defense, and so most governments are pretty close to helpless now. They all are assuming that Washington will have them covered, and Washington has nowhere near the resources to do it.
So the U.S. government now, the Obama administration, has a policy where they are going around the world telling other governments, “You’d better arm yourselves, because we can’t do it. We can’t cover everybody,” and all hell is breaking loose.
This is a very rough estimate, but I’m estimating that about 150 governments out of the 200 on the planet are in crash programs now to buy as many weapons as they can, which, of course, creates an enormous investment opportunity for the people that recognize it in the defense-industry stocks.
Stansberry: Richard, I wanted to kind of put you on the spot. I’ve got three tough questions for you. And the first one is really easy, but it’ll be hard for you to answer…
If I was only going buy only one of your Uncle Eric books to give my 6-year-old son, Traveler, at an appropriate age, when he’s 10 or 12 years old and begins to ask about money and finance, which one would it be?
Maybury: Whatever Happened to Justice. That one is the one I feel like I was put on Earth to write, and that is the one that I know changes people’s lives more than anything else I’ve ever written. It not only explains to you the fundamental thing that is wrong with the world – which is that the law has been forgotten – it also helps people teach their children the difference between right and wrong.
Studies show now that something like 40% of people in their 20s don’t know the difference between right and wrong, and this book I see as the antidote to that. I get comments from people all the time about how they have their teenagers read this book and it just turns their them into totally different people… that they really like their kids after their kids read the book, because the child understands the difference between right and wrong and knows how to navigate life after that without getting into trouble.
Stansberry: OK, second question. Where’s the next place that 100,000 people or more are going to be killed violently?
Maybury: I think that’s a pretty easy one to answer, actually, and that’s because the answer for most of the 20th century has been Africa, and it probably is Africa now. There’s something about the central African area that is just so incredibly violent it’s astounding. I can’t point to the exact spot in central Africa where that’ll happen.
Stansberry: Very interesting, and the last question: Given your worldview and your long history of being correct about the increasing amount of violence in Chaostan, what’s the one stock or fund that you would buy? How does one protect themselves financially against the likelihood of greater and greater violence in this part of the world?
Maybury: Hands down, Lockheed Martin.
Stansberry: Easy answer, Lockheed Martin.
Richard, I just want to say thank you so much again for being my friend for many years and for coming on our show. It’s really, truly a great honor for me to host you, and go ahead and tell our folks out there if they want to get details of subscribing to your newsletter or they want to go ahead and buy the Uncle Eric book series. I would highly recommend doing both, but for kids the Uncle Eric book series is literally – it’s a light in the darkness, and I can’t wait for my son to be old enough to read and absorb those messages.
How can folks get your newsletter and how can folks get your books?
Maybury: Our number is 800-509-5400. The address is Henry Madison Research, Box 84908, Phoenix, Arizona, 85071, and you can send $10.00 to that address and we’ll send you the two most recent issues of The Early Warning Report newsletter.
These are especially important issues, because there’s a huge change that’s occurred over the last few months… just the whole world moving in the direction of a war all over the place. And again, that’s just $10.00 for those two most recent issues. I really urge everybody to read those articles, because you’re not going to get this information anywhere else. Again, the phone number is 800-509-5400 and the address is Henry Madison Research, Box 84908, Phoenix, Arizona, 85071.
Stansberry: Thank you very much, Richard.
Maybury: Keep up your good work, Porter. It’s really great and it’s making a difference, and I’ll tell you I hear your name all over the place now and I’m proud to be able to say I know you.
Stansberry: Thank you very much, Richard. Have a great day.
Maybury: You too, Porter. Bye-bye.