Posted Jul 29, 2020 by Martin Armstrong

The high Tech leaders are to testify before Congressional House antitrust investigation into the market power of major tech companies. This will in Jeff Bezos, the world's richest person, Apple, Google, and Facebook. The House Judiciary Committee has been pushing for them to return to testify in front of its investigation into antitrust. Facebook CEO Mark Zuckerberg has taken a very confrontational view toward the government. Where there remains a focus on the excessive influence that Facebook has in the political landscape, d influence, Zuckerberg just announced ahead of his testimony that his firm will be taking steps to ensure the breakup of the U.S. government because he believes it has become too powerful. He has stated:


He insists that while the government may have begun with good intentions, its history showed a culture of recklessness and a dangerous disregard for the consequences of its decisions. In this respect, he is absolutely correct for there are far too many instances where the economic declines have unfolded BECAUSE of government intervention. Zuckerberg continued:


Zuckerberg concluded his comment with repeated assurances that despite a likely legal battle ahead, no one government could stand up to the fortitude of Facebook. That is a very interesting position. This public statement is what I have been looking at behind the curtain which definitively points to an organized coup.

My warning to Zuckerberg is he better count his fingers after shaking hands with the Democrats when they promise not to break up Facebook in return for his support to seize the White House in November.

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What's the purpose of that blog post anyway? The whole virus thingy is baloney, he knows it.
Is he fear-mongering, and not-fear-mongering at the same time?

Chill guys, covid-19 is harmless, but no worries look we have three new diseases which are coming for you in 2022

Socrates subscription provides immunity.

And keeping the audience happy is what really matters. An audience comprised of racists, anti-Semites, extreme right-wingers, and conspiracy wingnuts is a valuable one. They are all credulous fools, and, as all dime-store preachers know, the credulous are easily monetized.

Conspiracies are big business.

Slowly more and more of his followers are seeing the light

I can't believe people wrote almost 80 pages trying to figure out whether MA is a con or not.
...

The number of unimaginable idiots on this thread are staggering. No wonder they are the very audience of Marti the Charlatan.

First, there is a new coronavirus that causes pneumonia, which is far more lethal than this concocted version that appears to have been manufactured to set in motion this Great Reset.

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Does any one have any real evidence that Armstrong predicted the 1987 crash? Like an article or an interview dated before October 1987?


This week Armstrong made a claim to have called the low and rally, which anyone who subscribes to the private blog knows is out right lies. I am beginning to wounder if his other claims of predicting market event are also lies.

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As for 1987, 1989 and other ecm predictions
http://www.financialsense.com/sites/default/files/users/u695/armstrong-economic-confidence-model.jpg, let's not fall for that bs, ok? He did not predict any of those events. He just stated those dates based on 8.6 years without any specifics. And if something did happen on or around those dates he came out and claimed that he predicted precisely that event. For example, MA did not predict the crash of 1987. The Dow bottomed on Oct20 which is accidently happened on 1987.8. The decline itself started earlier on Aug25. And only after the crash MA jumped in and claimed his 'forecast'. Another interesting thing is that his model shows that it should have been the peak, not the bottom.

Further to that, here Historical Turning Points Economic Confidence Model 6000BC ? 2072AD he put thousands of points so naturally something happened on or around some dates. But it is clear that in the absolute majority of cases nothing happened at all, just like in 2015.75, which MA had been preaching for years as Big Bang. But let me remind you, he predicted the US government shutdown, government debt collapse and so much else. Of course, nothing of that happened. In fact, nothing happened at all. So in the absence of anything significant, he, in order to cover his ass, used the fact that Putin sent a couple of planes to Syria as the major Big Bang event. What a pathetic charlatan!

Also, MA says that every 51-year wave is followed by deflation http://img.over-blog-kiwi.com/0/55/64/39/201306/phpukRPHF, i.e. after 1929, 1981, 2033, etc. The reality is that deflation started after 1921, briefly paused and then restarted after 1926. There was no deflation after 1981 - there was high inflation instead. And now we are almost in a deflation mode but his deeply flawed model says we should get deflation no earlier than 2033. And if we go back earlier than 1929 we'll easily find even more flaws in all his bs theory.

And just for those who are still delusional and cannot figure out what is what by themselves, check INTERNATIONAL BUSINESS; Japanese Regulators Get a 2d 'Scalp' Under Their Belts - what NYT had to say about MA back then. 'a show-boating investment manager who was well known among Japanese corporate investors for his persuasive sales pitches.' Notice, they don't call him a great programmer, forecaster, guru, economist, financier, trader, hedge fund manager, historian, scientist or anything else but a show-boating salesman. Because that's what he was and has always been ever since the times he could not get into college. A salesman that pitches bs, for you can't teach an old dog new tricks. And every sensible man now knows it.

I am actually shocked he has had the audacity to make that claim. I was a former private blog subscriber until recently, he never called the low and did not call for a rally. He was calling for a crash through out April and May to retest the March low. He is trying to white wash his wrong call.  

More claims without evidence... "This interview confers Socrates forecasting the mid-March bottom followed by a strong rally."

https://www.armstrongeconomics.com/armstrong-in-the-media/new-interview-the-mid-march-bottom-and-civil-unrest/

I'm a little disgusted after reading this. I've been a pro-subscriber through this entire mess and neither the computer (nor MA) called for a mid-march bottom followed by a strong rally.

More claims without evidence... "This interview confers Socrates forecasting the mid-March bottom followed by a strong rally."

https://www.armstrongeconomics.com/armstrong-in-the-media/new-interview-the-mid-march-bottom-and-civil-unrest/

I'm not known as a conspiracy theorist ... Conspiracy theory .. Conspiracy theory ... Conspiracy theory ... Conspiracy theory ....

S. as in Sam a premium edition of the financial sense newshour today's almost senior editor Christian. I continue to say this every time we have you on but you continue to make phenomenal calls one call that you made when we spoke to you in March this was in mid March just about a week or so before we saw the big bottom was that you said we were likely going to see an end of quarter liquidation so that would have been it around the end of March and then at that point you're thinking that would be the low in the market and you are predicting a strong balance heading into April that would likely take us up until June and the next turning point would be July so you said bottom in March with the end of quarter liquidation that's exactly what we saw and then we saw the strong bounce you predicted it and another thing that you've been talking about on our shows well starting as early as last year and perhaps even before that is the fact that you were expecting to see this year very large rise in civil unrest and compared it to the 19 sixties and that this would be one of the most contentious elections in U. S. history obviously we are seeing that today so I want to pick apart some of the calls he made the let's start with your big picture view on what's happening with a lot of the social unrest and how this ties to some of your larger macro views I'm not known as a conspiracy theorist but there is clearly at this stage this is an organized it can't really restructure the world economy and you can Google it you're starting to reveal a little bit they're calling it the great reset. What is actually going on it's a group of billionaires that have orchestrated this entire thing with the World Economic formatted dapp oaks and you can even go and see what they're actually saying they got the IMF's involved they have the World Bank in finals and the ECB you have to understand what he's brought us to this precipice and it's the fact that the central banks of European and Japan have going to these negative interest rates they respectively destroyed their bond markets there's no chance in hell of them actually raising real money so they're trapped they can't raise rates without blowing up their own balance sheet so what is been going on is behind the curtain and honestly I don't look at all the trash I don't know how much is being revealed out yet but stage one is that they are moving to eliminate all paper currency in Europe and they believe that that will then force everybody to put money back into the banks and then they can tax them you can even go to the World Economic Forum site you'll see you mean they support Thomas picky which he's marching and the 3 legs in this store that they're pushing is climate change they're going a greener smarter and fairer. So David dompig back a 50 page manifesto they're even calling it like in Marxist terms and it's available on the World Economic Forum **** and is put together by Thomas Dickey and he's compromised to some degree he feels good really all well should be confiscated but he's compromises his work okay I'll I'll tolerate you 70 percent and his whole features is still Marxism that the problem is inequality of income so it's this is what's really going on and that they are using this virus as an excuse to redesign the world economy they've used it to crash everything Europe they're even telling them if you're not green we're not going to help you with your green okay fine the government will support that is they're deliberately trying to bankrupt anything that they don't like I mean you'll notice like meat producers it's unbelievable I mean if I did this I'd be in prison for the rest of my life you have show me like Bill Gates on here always saying the same thing about that we need to be locked down. He's advocating shutting down the the meat producers well what is it that he has he has invested with Leonardo di Caprio in all alternative meat producing 6 and they keep saying all you have to keep so shut down there's been no coal production of electricity in Britain for 2 months so they're achieving their goal I mean just look at the virus you have the all these news organizations actually and then all my guns under 2000 people died more than that die from flu. In fact the wall 100000 out of 320 some 0 people population the death rate is 0.0003 percent. I mean there's more people that die in car crashes. When angel I mean come on I mean why do we need to be locked down this is crazy and it's really all you know the gender here is to push this new great research at which they are basically trying to sell to everybody and it's me or even find your little promo warn you too I mean people don't realize what they're really doing here and I can tell you that I had clear information from inside sources that all said they sold their stocks and their bonds in January now if you thought the stock market was going to go down okay fine you sell the stock why would you sell bonds usually use sleeve from the stock he goes to the box but they were selling the bonds and the stocks because what they're doing is they know that all these countries and over 100 count countries now have applied for help from the nynex you have emerging markets they cannot meet their debt requirements you're asking for suspension of debt payments you've got a municipality is going completely nuts all these governors all we okay fine locked and locked everybody down and then they go home she we lost a lot of rest and she had it is like you know Tennessee say okay fine we'll we'll just make that up will raise property taxes 32 percent we're always the scum on the other end they have to deal with this they make mistakes we have to pay for it on our show it's this is part of the civil unrest Warner is our computer projecting this book this is not really a racist issue is freeing court on Monday just rejected qualified immunity again all right there's nothing in the constitution whatsoever that justifies any of unity for anybody that works for got. There's no clause in there the declaration of independence even objected to the very same thing yet the Supreme Court created this out of thin air and it's wrong they deny equal protection of the law I mean they can kill you they can do anything they want to you and you can't touch them this is wrong all right sure Sunbury black lives matter if you really look at it you'll see more white should being killed by police this is the fact that they are a new they have no responsibility they don't have to worry about it I mean there's videos on your order the cop pulled over a woman with by 2 kids in the car and she just takes officers shoot at the car his kids in the car the first response is just start shooting I mean this is wrong Hey you know there's no restraint so this is what the civil unrest is about and and why I say it's not really racist you're seeing in hours you're seeing around the world this is fresh duration against government that has been abusing its privileges for a long time so this is why the civil unrest is rising every time the economy turns down that's when the civil arrest right. In 18 forties it was a gun battles on the streets in Philadelphia against the Irish because the Irish were all the immigrants coming in taking jobs because they would work for less money in the Great Depression there is a bonus army all the veterans from World War one weren't paid and they marched on Washington set up camp the call about tanks they actually killed people who were protesting accent in the military against the veterans I mean that's why Hoover Lawson 32 so this is a standard thing and we have to look at it from a historical perspective. That in this particular uprising would not have taken place if you also had now have 40000000 people that lost their jobs so you increase that tension and you know okay fine this time was Floyd but you have 40000000 people unemployed you know that's the real issue you're going to get kicked off at something it doesn't matter what it particularly it just happens to be that and then then everybody always this is a racist it's not if that was the case sorry fine we protest for a couple days in the over all right that is more than that this is economically trip so that's the real truth. When we spoke with you last about that she talked about the economic factors that were shaping up towards the civil unrest and you talk about some different cycles that you watch then you recently wrote about a revolutionary cycle that you track and how this unfolds in a number of different stages do you mind telling us about these 5 different stages and how things could play out in the months or years ahead the first one is what I call the whistle blower this is the Snowden or the girl in Britain who did the same thing what happens is that you know the constitution says we the people we are the sovereign of this state not the government and even Thomas Paine what started the American revolution you read his common sense the first paragraph he says they confuse themselves with the sovereignty of they believe that suddenly the government is to stop right and we're just the you know the great unwashed slate when that happens that's what creates the revolution this is the qualified immunity which is Supreme Court refused to look at again it's basically more or less reaching like their level of dread Scott that's a lot of people don't understand or agree treads got was it was a decision the Supreme Court made it was a black slave went to a state which was didn't have slavery so then he applied you said okay fine I should be free here and the Supreme Court ruled against them. He said the blacks were not entitled to the constitutional right that they were somehow less than human their view was by doing that they would prevent a civil war and 8 invoked it basically so here we have the same thing the roof trying to hold on to the government owned all they have to have their qualified immunity and look at what's happening I mean it's only going to increase the civil unrest so that first stages the whistle blower and that is where government. Are you take Edward Snowden he refuted the government is acting illegally all right to the people they call him a traitor well if we are the sovereign and not the government how can he be a traitor. All right he's telling the sovereign Hey your your representative is acting illegally but they flip it and they say they are the sovereign and we are the great unwashed and therefore he's a traitor to them by exposing the fact that they are acting illegally so that's your first stage and then your second stage runs into where it starts taking on civil unrest riots and protests which is where we're at now all right the third nearly stages is where it actually is just gonna start splitting up and going into into gun battles and things in there you it depends upon the police there are many instances throughout history that you take Russia when Yeltsin stood on those when the tanks in 1991 the zip please all fire on our people they backed down when that happens then the revolution can be bloodless the government collapse if the military the police continue to support the government then you end up in a situation like that as well so it can go both ways and also what you end up with in this stage is that eventually some people in the military will say no I'm going to defend the people against it this is wrong so then you Sir finding military contingencies that split someone support to people other will support government but we have to understand is that this is a battle for government. She she's own power. It wouldn't only willing to relinquish it and this is Cisco throughout history I mean it's not unique to right now this is the way it simply go you give these people power and they don't want to give it up so I hope we don't go all the way but you know we have to understand that this is the global situation it's not just the United States you're seeing it in Europe you're seeing and Asia it's everywhere so this is a government which is been lying basically to the people ever since World War 2 and I call it the collapse of socialism and people go oh no socialism is rising no you're misinterpreting what I'm saying I'm saying is that socialism is collapsing in that they can't afford to fund these projects anymore so this is where we're coming at the only way to do this is to confiscate wealth and this is what you're looking at is confiscating all money are eliminating it the paper currency and by doing this in a single gram for some money into the government and then they can just take whatever they want Michelle okay file gonna apply 20 percent tax this is why I warn people get added government bonds the other thing that there are pushing behind the curtain over there is to convert everything to perpetual bonds. So they will say did they happen to faulty used you can cash in it and say oh perpetual bond will be like in the newly. So we're going to continue to make interest payments but we're not going to have to roll them anymore national I warn people that government is being Italy did this when they were in trouble you have 90 day paper they just converted to 10 year okay fine we campaign so we don't want to fall through it's now 10 year paper private sector doesn't do that they can't all right the government they can do anything they wanted any time they can rewrite the rules they make a roll up or do you wanna do they got they make the rules I got the guns and they got the tanks so there's not much hope on our end of it. And unfortunately what we have is a group of Michael looting on the new crop of billionaires and and you have you know people like Bill Gates funding all this stuff for he's really deep population of the world is where he wants to control and you know he is into this climate change and all this other kind of nonsense that is based upon a linear and ours I mean anything in the financial industry would be like you know you would even have them on your show the DJ will G. the Dow went up 1000 points last year so it's going to do that for a for the next 10 years in a row it's ridiculous but this is how they make their forecasts for global warming June 10 of a percent of 1 degree dentures rose by 2040 robin began to fade completely ignores cycles and the same thing with population 0 population does not grow exponentially I mean diseases common and wars things of this nature is always been cyclical I mean the black plague which wiped out 50 percent of the population nature has its its own way of taking care of everything and and that's simply the way it is green in physics everything works by cycle sound light how do you know when your date it's basically they you know you no longer have a brain waves everything is a cycle to it so. Yet when you come to these people what they're forecasting of viruses or whatever the rock kind of bogus and climate change they don't use cycles check well if she 10 people got it this is easier 1 days and then it will be 20 the next day and then over 3000000 people were going to die and then it doesn't happen well which we call as we lock down we stayed 3 nights so it's just pathetic I mean I'm I was given the code by someone in doing the British government this model did Bill Gates funded put out by the imperial college it is an absolute joke is something written in old basic from the 19 seventies and it's really a child's game of sim city its sister passed it you can't forecast of the future owner stochastic it's ridiculous and and then they they justify well you know my solution young Bill Gates once your Spencer outdo 1 formal in a week no problem our only charge charging 5000000 if you want to work okay but make it 50 but it's absurd but this is the they use linear and now assists in this stuff and it that's why it's always wrong in 1989 United Nations came out and said entire countries are gonna be wiped off the face of the earth because of global warming by the year 2000 I put out a report that collected all these different forecasted been made since 1907 this lucky we're we're still lives according to all this I mean ice caps should have been all gone by 1948 and needs to. We got 5 years left in me it's never been right even want. I mean al gore's movie everything he said and there was wrong and most people will realize he was sued in Britain and the British judge ruled that there is no effective science behind this in Britain they must have a qualification I didn't have been United States you can Google that you'll find a British judge ruled against al gore's movie and saying that it was not accurate Martin I want to jump in here because to set the stage I mean essentially everyone is focused on racism being the main issue that's at play here but again you had forecasted that we're gonna be seeing large amounts of civil unrest in this year particularly accompanying the elections and that this was part of a larger cycle that has been in the works for quite some time now and like you said racism it could have been anything that would have stoked the riots again we even had people that were also protesting in the early stages of the lock down against the over reach of government power the abuse of authority right so that's the larger framework that you're working from is the abuse of authority government over reach and again stage one of this revolutionary cycle started with Snowden and it was more of an intellectual or whistle blower movement where someone reveals the hidden injustices that are taking place and now you say that were in stage 2 this is where the public now begins to rise up in terms of protests in again racism is the main thing that the media is focused on but the larger issue is the abuse of authority in the government over reach against everyone all people yeah you're not worried or call your race you can hear in overthrowing some statues and things of this nature and and that that's fine but also over the weekend during massive protests against lockdowns in Spain and calling for him Bill Gates should be thrown in prison for crimes against. You entity so it it's frustration on a global scale and maybe you can attribute to a different region in each country and powers here hundreds of thousands of people protesting against the police they had the yellow vest movement you know and they were shooting home and and abusing them there to keep those necessarily just you know our rations thank so it does vary from country to country if it was just racism then would be here why is it everywhere else you know if you were saying all along said the 2 year of of of the blacks in in America were toppling statues here in Britain to teach this lockdown frustration I mean I went to go get my hair cut I mean in the woman basically we're saying that you know she was. Thank god they choose a saver otherwise her and her 2 children would would have starved she can get her unemployment Jack and Jill basically everything was opening up again the first words out of her mouth and she was black and the first words out of her mouth they better not try this again as they tried locking people down again they've lost too much and you're just going to see a massive massive these the civil unrest is going to turn against them for that and but unfortunately we're dealing with the leeches. And a leader is basically I mean E. J. Bill Gates area was even asked well do you want to vaccinate the entire world some people do die from this yes well yeah okay fine 1 percent so you know about 700000 people okay well that's acceptable and that's what I mean by a lead at 7 aren't 0 people would be dead because your vaccine and that's okay but they take this lofty view and they're doing it with in every instance and and what we're seeing here is it's going to manifest more from from rations on into protests against a lockdown if they try this again in an August September and then you have this election where it is an all out war what they view is that trump is if they get rid of trump then United States withdrawing with Europe and they'll get their whole green new deal pushed through sure they senior their resistance is trump and China and what they've been doing against China is going after all the the fund managers use investing in in China and there's more lobbying against them to which were all investment from China and you know to try and stop that mean it is a much larger agenda here on this new green deal this 2020 election J. van is major they have to overthrow trump sure they can basically raise taxes dramatically and I think you are doing this I understand they think that they have the power and they can just lock everybody down and no and will be like she'd been stay in our little corrals we have people in the workforce in Thailand has 60 9000000 population locked down the whole country unemployment is unbelievable there you have food lines because there are. No social programs like that and the total death rate from this coronavirus which 56 people. At a 69000000 I mean it's unbelievable this is so exaggerated you would think it was you're going to die if you step outside this is the way they're all pitching. Keep this inside everything else and then they think that that way though people will vote against trump and no walk into their arms and and surrender all right choice not to to create a future ahead of him for a living I can tell you that but they are it's a it's their jointed to have between climate change and they're socialists. An address I just go to the World Economic Forum important Thomas picky you can see is 50 page report. And basically he wants to raise taxes in Europe and Canada is also flirting with this by 400 percent and this is this is what they're trying to do I think that people engaged in sorrow so whatever who've all band together which then are making a serious mistake if they think that once they these people win their final let them keep their money they're going right after them right out right away. Right away I mean sure oceans on this thing where you know the one world government gauge basically is obsessed with world population and these funded this company in in Britain to put checks in and women that they can remotely turn off if they have children so I mean what's next to you you're gonna need a permit to have a child or what your intelligence level you know I mean this is what his father was in I mean it will work we've got unfortunately. A few billionaires with some very strange ideas Martin I want to ask you about your market outlook because again when we spoke with you in mid March you had predicted that we would likely see a bottom it could take place around later that month in March we saw the bottom March 23 just about within a week of when we spoke with you you said that that could be the low if we did see it happened later that in that quarter with the liquidation which we didn't see and then you said that you thought we'd see the market bounced back strongly in April that that would probably carry us all the way up until June and then the next turning point would be July so again what you said has played out on queue amazingly enough I I I don't know how you do it but you did say that and that is what has happened is July is still an important turning point for you or what yes it is very very much so it we're we're basically going to see a retest of probably support coming in here but we're also in what I call a paradigm shift the strong balance is been in the nasdaq the weakest has been the Dow why every once in awhile we end up with these ways what I call a paradigm shift in what made the Great Depression so bad. It was the fact that it in 1940 percent of the civil work force was employed in agriculture. Yeah the dashboard Satcher and that's what drove unemployment to 25 percent. All right so what happens is by the time you got to 1940 you know you dropped from 40 percent employed in agriculture to 15 by 1981 to 3 percent now it's down less than 22 that's what I call a paradigm shift what made on the Great Depression so great to push Hey was the fact that you had a at a lot of people that lost their jobs that became the hobo movement etcetera because it always worked in agriculture so they were unskilled labor. They weren't able to make that transition. And this is what these people are doing right now they don't understand that the significance of what they're trying to do by shutting down all fossil fuels you waved out cars your rental car production oil production all this in your mind your vision it as if they were the farmers okay so you're wiping out these people's jobs where are they going to be employed how. All right their solution is and you can go Callisto you'll see Spain is the first to impose that they're creating guaranteed basic income. That's where that comes in and okay fine we're gonna wait that your job you have to stay home and watch TV for the rest your life and but we'll give you a welfare check basically so this is what to what's happening in this is why we're moving closer and closer towards the socialistic agenda I think trump will probably win M. holdings back for maybe another 2 years but worrying in major confrontation here with these people and they want to destroy western civilization as we've known it the simple as that so I don't see that they even understand that the economy is not created by government. It's created by everybody individually and no government has ever designed the economy the only attempt was March and that completely failed all right I mean I went behind the Berlin Wall before itself and this it is family you know that I knew there was and they were in still in the same building from World War 2 the bullet holes are still there they were not allowed to move. Without permission the government and their employment was whatever the government told them to do well we need somebody to suites have floor here you're next in line your your bro so this is the reality of what these people are trying to create they think it's utopia it's not I mean I've seen it so. But you know this is you know how many times have they tried this mark usage and then it always fails but it you know what creates the economy is everybody individually and there's a synergy that emerges from collective behavior and that's what the economy is built on someone sees an opportunity and say Hey you know I think I could you know big Brayden Schenn we would buy it and that's what these people don't appreciate you know you can't order somebody from above we needed Baker down there you don't even know that they need a bakery down there because they don't dare walk among us really great unwashed you talk show it is very very difficult but. I think what you're going to see is over the next 2 years. We're going to realize that the problem is government and that's with the civil unrest you starting about government debt is is going to be worthless and am I talking about the U. S. U. S. will be the last to go to Europe is is completely fried is done they can't even raise interest rates to attract money and so all they can do I think Dave from my sources they're just going to simply declare everything a perpetual bond that they don't have to pay off identify on this agenda they're just going to print money and naturally they're going to have control I mean I've been in meetings in Brussels and and they were saying all we have to take away the euro trading from the British and actually you can take away from New York and everybody else well no just for it actually here we would be trying to create here then the Soviet Union of Europe or what you know and this is unfortunately what you end up with with the lead test like I said they just say in their ivory towers and they never take a step outside to see what the real world is like I want to ask you about July what is important about July when it comes to this next turning point you're looking at any specific levels that you're looking to add on the Dow in particular the Dallas still has a risk of making a new low. Probably not the nasdaq or the S. and P. but you'll then pulled back recast may be going into September October and because I think you're you know fundamentally may be there and trying to second lockdown well so you're talking about undercutting the March 23 low when it down the court yes we look at it from our model creates these buy and sell signals all right the nasdaq bottomed into choose not to not only postal route look at it it did not even take out the 2019 low the Dow and the S. and P. did. So it's completely different patterns this is what I'm talking about with this paradigm shift it's the old brick and mortar establishments that have taken it really on the chin 3 J. C. Penney CEO meaning marketers hurts oldies like brick and mortar type things really getting hit said the blue chips I think you're looking at a paradigm shift where it's more taking on like the online businesses Amazon things of this nature all right version is the brick and mortar shy so it's a shift like we saw in the Great Depression so the down can still make a new layout it has never gotten above our weekly by signal whereas the the nasdaq date so it's a shift completely in what is going up on what is going down choose a new age per se and what we're looking at so you have to distinguish between both where the Dow could make a new low we're not necessary looking at that in the nasdaq no different things and and you have to understand this shift is within the economy and then the brick and mortars were already kind of in trouble in December Christmas sale it was the first time one line B. mall sales so that was kind of like showing you the trend was coming and then this thing of shutting everything down was the stake through the heart number are not going to survive so the Dow can make a new but keep in mind we're probably looking at new blue chips and marching I mean I think Amazon might end up being a blue chip we have to understand directing users that are definitely changing and that's between these 3 indexes you have to you know you can't just sell the stock market and and as soon that applies all 3. That does not happen so it sounds like you're looking at July could be a near term high and then we might see some weakness heading into September October as we start to see some election turmoil come about yeah that hi may actually be in June and July may start to move down we have political course you had that you know the the democratic convention in July 2 it's hard to say fundamentally it's like the old adage ARE you know good news comes out the stock still went down all was looking good enough you know they they have an excuse for everything the trend is to more destabilizing shin. I do think that they're going to try to argue for another lockdown and it's really more to push this whole thing with for the election then you look at what Europe is reeling in the forms of Bill Gates I mean even have Britain I don't know if I'll ever be able to go back there again honestly what you have is it in coming out saying that I mean the former prime minister Tony Blair came out and said that you're gonna have to have a I. D. to be able to even leave your house to show that you were vaccinated I mean is this is the case also understand your line all this in particular Europe they're already killing everybody. Stay in your own country. Don't go shelf meal because of this virus you're looking at the economies of of Spain Italy and Greece going into really really did sure it's oppression yeah I mean a lot of these companies depend on tourism and what happens if you know there's an outbreak all well we can't have anyone from that country we're gonna ban tourism. Gosh that they're in a world of hurt in that case I mean I've got you know employees stranded around the world one of my employees who normally works in Abu Dhabi where not to go she is rather in Holland and all this stuff you still there you can't get out I have another one in Spain's been locked down for 3 months can't even go back to their home it and mean it this is serious stuff food supplies you're declining the is you taking your people that would pick the crops were migrant workers from Poland and they couldn't do it on the screen to pick crops so you have a lot of food is starting to rise in price the only issue you know it is absolute chaos everywhere she look so I would expect be prepared for a bit of a test to support going into your actions with uncertainty it said sure there would be a definitely a lot of people that think it is trump loses the stock market will go down I mean that will be just a general view but I think he'll probably win and then what you're going to see is maybe you know 2 years of chaos economically outside the United States more cell for casual bonds to default I say over 100 countries have already applied for help it is just crazy SO I think we're looking at the digitize ation of currencies and if you paid attention trump knocked it out the pollution the one thing she had stuck in there for this relief package which to digitize U. S. dollar trump took it out well they're doing that China I know that with the judge all you want right this is what they're trying to do and and realize that when there is no physical money and everything is electronic than the government knows everything you have yep yep and then making your taxes will be crazy. Or whatever so I think what you're going to look at over the next 2 years as we get past the elections it's probably a very strong U. S. stock market but not because of earnings and things of this nature but it's just simply a place for capela hide from government bonds and digitized currencies and things of this nature some people go to gold you know I mean everybody has their own little thing but even real estate is kind I G. at this stage in the game banks are already starting to double borrowing requirements so it is not going to be a walk in the park here I mean so I warn that do looked at patterns are changing people have not seen in 300 years if you look at what the dal date on an annual basis took out the previous year high and the previous years low there is no yearly price movement that matches that pattern change inception back to 1792. The first year we had an outside reversal on a yearly basis so this is crazy time. Martin thank you so much for coming on the show providing your outlook on what's going on from the big picture macro perspective again I want to point out that as I said the open you predicted both that we would see a large amount of civil unrest social unrest protesting in the lead up to the elections you predicted that last year on our show multiple times and you also said in March again just before the market bond that you were seeing an end of quarter liquidation which would've been end of March and that the market would rally strong with the bounce back after that all the way up until likely July and again as you said you think June this month July could be an important turning point with weakness taking place into the lead up election September October time frame so always a pleasure to have you on and again want to point out our listeners can follow more of your work at Armstrong economics.com you also have a series of links they're 2 different books that you're writing we spoke with you about manipulating the world economy which I highly recommend so you can pick that up from his website as well and Martin always a pleasure have you on the show we look forward to speaking with you in the future thank you for inviting me so if you have any questions or feedback on our interview today with Martin Armstrong please feel free to email me directly at C. R. I. S. that's Chris with no H. C. R. I. S. at financial sense.com you can also go to our website financial sense and click the contact us button or if you'd like to get a hold of us to discuss our own market outlook in what we're doing for clients of financial sense wealth management feel free to give us a call at triple 84863939 press insider I'm Chris shared thanks for the. The financial sense newshour is for informational and educational purposes only and should not be considered a solicitation or offer to purchase or sell any security the investments investment strategies and investment philosophies discussed or presented on the news hour each involved their own unique risk factors which are not discussed on the show responses to listener enquiries are based on the personal opinions of the financial sense staff and to not take into account listeners in ability objectives or risk tolerance financial sense newshour and its parent company shall not be liable for any financial losses that result from investing in any companies mentioned in financial sense or arising out of the use of any material on the news hour be advised that you invest at your own risk.

Yeah I'm just banning new accounts from now on who show up to criticize.

u/Arkansasmyundies I am a better forecaster and trader than Armstrong my recent post are evidence:

I wrote this post "I am going long the DOW on the 16th May under the username martymac1523 which I can't use on This R/ now because butthurt fan boy moderators banned me.

https://www.reddit.com/r/aec/comments/gllo3o/im_going_long_the_dow/

"I have spent the whole weekend doing research and looking at things I can't see any correction near term. We had a 6% pull back last week I think that was it for now. I expect the the DOW and SPX to go up 5-7% before a real pull back. I don't think we see a major pull back until August into the election. All the negative news and data the market has shrugged off. Through out this crisis thus far Martin has been wrong at every point since January, following him has cost me too much money"

The Dow went up almost 10% over the flowing 3 weeks


I wrote this Comment 6 June 2020

https://www.reddit.com/r/aec/comments/gxaouq/reaction_high/ft0rjzk/?context=3

"He has been calling for a drop since the start of April, now it is just embarrassing. There are many technical indicators showing the market is overbought a normal 5% + correction should occur in the next few weeks. "

We are about 4% off the highs as of writing


I have NAILED every move the past month and have evidence to back it up. No vague statements or bullshit like Armstrong. I am a real trader, Armstrong is just an ageing con merchant.

Did he tell you to short the Nasdaq? Take a look at the DOW.

People who want to learn and get better or share their experience come join the FB community- Martin Armstrong/Socrates Traders - https://www.facebook.com/groups/154021879088365/

I cancelled my subscription but I'm guessing it says something about the NASDAQ hitting 10k followed by some vague historical market reference( probably the DOW hitting 1k) then some forecast on the NASDAQ that can be open to interpretation.

Nasdaq broke the 10,000 barrier for another new all time high for the 5th consecutive day! Armstwrong is wrong again...

...
Its not a forecasting service and he never marketed it as such. There are some tools that can be uses by a good trader to make money if he knows how to use them, and more importantly, how to trade in general.

I could never go back to trading without it, after a while everything just came together and started clicking but it takes time and desire to learn.

People who want to learn and get better or share their experience come join the FB community- Martin Armstrong/Socrates Traders - https://www.facebook.com/groups/154021879088365/

I recently paid for several months of the Socrates PRO membership and during that time (beginning with MARCH 2020) I can confirm that Martin's PRO PRIVATE BLOGS indicated he was expecting a possibly deeper "correction" then what occured, and a shorter and less vigorous rally in the markets then what occurred. Moreover, the SOCRATES system is at best difficult for me to understand, and at worst a complete fraud. The constant PUSH is to get the subscriber to activate MARKET SUBSCRIPTIONS for every stock and ETF they own...so that you can receive these "reports" with the convoluted "forecasting" he makes available. At no time did I receive ANY forecast for TIME AND PRICE of any asset or index. In other words, if you are looking for a concise and operational forecasting service...this ain't it...and if you think that his service will enable you to be your own forecaster...all I can say, plop down the $150/month and give it a try. It's bullshit.

Armstrong is no doubt a skilled marketer and self promoter, and I might add, certainly knowledgeable about a wide variety of economic, political, and historical topics. Whether or not he actually has a reliable forecasting system up and running and which he sells to "Institutions" is a debate for another time. Whether or not he makes that system available to the GENERAL PUBLIC who subscribe to this PRO version ($150/month) is in my opinion easy to judge...he does not.

Notice that almost ALL of the so called financial "forecasters" do NOT publish an audited written record of the efficacy of their forecasts. There is obviously a reason for that. They don't want their record to be available for examination.

In short, in my opinion, Martin Armstrong operates a predatory business to sheer the sheep. And he is a skilled practitioner. Beware.

Yeah I'm just banning new accounts from now on who show up to criticize.

... what if may be may be not ... and then this shill message:
Armstrong is still calling this a false rally and a retest of the march low is still in play, the timing may be off but this information is invaluable.

... If you don't realize what's really happening after 400 pages of this, you deserve to be ripped off.
...

Hey what happens when you trade and your timing is off?

AnonymousCoder"Quarterly reversal time unit is one quarter. Gold rallied before the quarter was over and no other signal in the opposite direction was available to indicate change of direction.

The time span is 1 to 3 units in time so the quarterly bearish reversal had 1 to 3 quarters before time was up.

Armstrong wrote on his private blog on the first of March our quarterly level of the model generated a bullish reversal at the end of the year reversing its short position and going long. This also signaled that gold would rally from the $1060 area and should test the next bullish reversal at the $1347 level."

Not sure if you are aware or not but you are losing this discussion.