New World Order Economics; beware of the hard-sell collapse promoters

Beware of the hard sell, it can cost more than any losses

I came across this blog post from Martin Armstrong this morning titled, [a] Global Systemic Collapse – Opportunity & Risk, and immediately I was confronted with his perfunctory self-promotion. However, what interested me was the title. So, I read the post. As usual, it was a waste of time.

Yes, when I say we can see a monetary reset as soon as 2021, this is no joke. There are critical points in a number of markets that I will reveal in Singapore. These are the lines in the sand. Once we cross them, there is no going back. This is a global systemic collapse. I cannot emphasize how serious this is going to be.

This is NOT some new age of KNOWLEDGE or Artificial Intelligence ruling the world. Those are complete nonsense. We have to crash and burn before we every (sic) reach some new age of reform.

Martin Armstrong – A Global Systemic Collapse – Opportunity & Risk (May 29th)

I have been a regular reader of Mr. Armstong’s blog for at least five years, but he hasn’t been revealing anything new lately. I was intrigued with his concept of the 2015 financial big bang, so I paid $3,500 in 2015 to attend Mr. Armstrong’s WEC conference in Princeton. I figured it was close enough to home that I could drive, so the hassle of getting there was minimal. Once at the conference he did reveal a number of predictions for 2016-2017, but the event was nothing more than a boot camp type of seminar, where if you wished to learn more he had a number of services you could subscribe to. A person could easily spend $10,000 a year and more for his stuff and I felt short-changed by his WEC conference. I used his Socrates trading platform for several months and found it unrevealing. I went back to my methods and began making money again.

I met a number of individuals at the conference. From what I could tell, I did not come across any institutional investors. I spoke with about 20-25 attendees and they were in my position. I would estimate that at least half the people were retired and just managing their own money. I have to admit, we were taken.

In other words, Mr. Armstrong is a self promoter and his predictions are average, at best, though he will tell you otherwise.

In 1999, Japanese fraud investigators accused Armstrong of collecting money from Japanese investors, improperly commingling these funds with funds from other investors, and using the fresh money to cover losses he had incurred while trading. US prosecutors called it a $3 billion Ponzi scheme. Allegedly assisting Armstrong in his scheme was the Republic New York Corporation, which produced false account statements to reassure Armstrong’s investors. In 2001, the bank agreed to pay US$606 million as restitution for its part in the scandal.

Martin Armstrong – Wikipedia

Despite what Mr. Armstrong tells you, in the 1990s, he incurred substantial trading losses. So, whatever his computers say, he is often incorrect.

His predictions at the 2015 WEC conference were off as well. But he would tell his subscribers that the changes are demonstrated in his Socrates computer model. Though he correctly predicted the rise in the stock market, he incorrectly predicted the bond markets, the real estate market, precious metals, and most of the currencies markets. Despite the recent strength in the US dollar it has been down slightly since that 2015 conference. He was estimating 120 on the USDX by 2017.

He discounted bitcoin out of hand as it was rising. He refused to analyze it until it collapsed and then told his readers that he predicted it to the day.

Have faith in your abilities; don’t rely on “superstars” and “gurus”

Now, I am not here to bash and malign a fellow trader and investor; I do not try to make myself look good by denigrating others. But, if someone is going to put himself out there as an expert and superstar, he needs to back it up with results.

This is NOT some new age of KNOWLEDGE or Artificial Intelligence ruling the world. Those are complete nonsense. We have to crash and burn before we every reach some new age of reform.

Martin Armstrong – A Global Systemic Collapse – Opportunity & Risk (May 29th)

Mr. Armstrong has been preaching calamity for at least the five years I have been reading his posts. Notice that he always gives himself wiggle room, yet giving the collapse prognosticators enough ammunition to use his posts as proof that collapse is around the corner.

Notice the excerpt; he says we have to crash and burn before we see serious reform. He doesn’t say we will crash and burn. Ask yourself this question; what if the elites do not want serious reform? What if these elites want to string this along until war comes?

I submit to you that there will not be any serious reform until a force majeure presents itself. I say it can only be war. Mr. Armstrong, however, refuses to believe that there is any real conspiracy for global government and that this world is running in cycles. If you believe him you will be running in circles and will most likely be poorer, too.

Have faith in your ability to discern fact from fiction and to know when you are being played.