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Author Topic: Martin Armstrong Discussion  (Read 617642 times)
AnonymousCoder
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September 24, 2019, 11:01:56 PM
Last edit: September 24, 2019, 11:14:37 PM by AnonymousCoder
 #6381

...
There has to be an explanation why Armstrong has so many delusional thoughts, all the disorganized writing, constantly brags, the scamming of investors, and is simply outright lying about a lot of things. Maybe he really thinks he gets these fanmails; but in reality it's just another persona of him. Also the complete shamelessness about not making any excuses whatsoever about wrong predictions is very weird.


Interesting question, like asking why can a person with so many behavioral defects exist?

I would expand this question with:

And why can such a person have any followers who are not ashamed to be seen on one of his conferences?

Let me try to construct a logical response. It is an attempt. Using supply and demand as drivers.

There is a demand from lazy people with low IQ and bad memory retention to get easy answers to most of their questions. They want to have their questions answered without own research, by someone, ideally a single source, as to not to get too confused. There is no doubt that there is a high number of these people.

Martin Armstrong has a demand for a lot of money, but he can no longer tap into the rich resources of large investors after he has been convicted of defrauding them.

So he constructs a system which taps into a large number of these low IQ people so he gets his reward from large quantity times small amount equals large amount which he is demanding.

He uses the same skills as before like showboating such as pretending that he has the capacity to advise large clients , and pretending he has a knowledge of Physics, History, ... you name it, as to instill confidence in his new low IQ clients. In a way he has to demonstrate somehow that he is an expert in all those fields that would be too many and too much to handle for the low IQ people.

Then he develops Socrates. This is a machine that generates money via subscription by providing answers to questions. These answers are by nature ambiguous, otherwise they could be proven false even by low IQ people too easily.

The low IQ people look at the answers one at the time, not too many per time unit,  because they have to pay for them. If the answer is wrong, they ask for support. Support tells them they looked at the wrong answer, and the low IQ person is embarrassed, not telling other low IQ people about their own mistake.

The other low IQ person who happened to look at the right answer thinks that Marin Armstrong is a hero and brags about it loud, which attracts more low IQ people to subscribe and find easy answers.

Any behavioral defect fits nicely into the scheme explained above, with the single purpose of keeping this scheme going. It is not rooted in a clinical condition. It is driven by demand and supply.


Read this blog starting at page 273 to find out more about computerized fraud

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog
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Alex-11
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September 25, 2019, 08:34:44 AM
 #6382

There is a demand from lazy people with low IQ and bad memory

yeah, and you seem to be one of those lazy person with low IQ and bad memory because you did follow MA for 10 or 15 years.

Also Nigel Farage (appeared on his WEC recently) and the german filmmaker of "The Forecaster"  , along with all the traders that appeared in the film must have low IQ.
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September 25, 2019, 11:18:32 AM
 #6383

There is a demand from lazy people with low IQ and bad memory
Also Nigel Farage (appeared on his WEC recently) and the german filmmaker of "The Forecaster"  , along with all the traders that appeared in the film must have low IQ.


Armstrong is pro-Brexit and anti-EU, why would Farage care about anything else? It fits nicely into his political views.

And filmmakers just want viewers. Why would they care is Armstrong is a scam or not, if he's popular, and generates views.
AnonymousCoder
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September 25, 2019, 11:28:38 AM
 #6384

There is a demand from lazy people with low IQ and bad memory

yeah, and you seem to be one of those lazy person with low IQ and bad memory because you did follow MA for 10 or 15 years.

Also Nigel Farage (appeared on his WEC recently) and the german filmmaker of "The Forecaster"  , along with all the traders that appeared in the film must have low IQ.



Good to see you back. Are you getting paid to post here?


Read this blog starting at page 273 to find out more about computerized fraud

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog
Gumbi
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September 25, 2019, 03:55:28 PM
 #6385

@Alex-11

Socrates is so simple to use I find it hard to believe people can't see how accurate it is. The real difficulty is keeping your emotions in check. if you simply play it by the reversals and only enter on a closing basis with the understanding that  the election of a reversal implies a move to the next and so on, we had a perfect move recently where the Dow elected 2 weekly bullish reversals on the 26th of August but we closed more than 1% above, we then retested the reversals with one at 26053, and the next weekly bullish reversal was at 26368 which the market tested 2 weeks later but failed to elect implying a retest of support.

I was thinking IQ may not be so important since the computer is almost doing everything for you telling whether to buy or sell if one of its price targets is elected. In fact socrates is very black and white regarding the reversal system there can be no ambiguity. so basically it comes down to emotional IQ that is the key when using this system.


As Armstrong has said the majority is always wrong that is the fuel that drives the markets so it should come as no surprise that the majority think socrates is a scam, and we need fools on the other side of the market in order to trade against them.
AnonymousCoder
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September 25, 2019, 04:33:13 PM
Last edit: September 25, 2019, 05:19:07 PM by AnonymousCoder
 #6386

... , we had a perfect move recently where the Dow elected 2 weekly bullish reversals on the 26th of August but we closed more than 1% above, we then retested the reversals with one at 26053, and the next weekly bullish reversal was at 26368 which the market tested 2 weeks later but failed to elect implying a retest of support.

Yawn. Hindsight.

This has been discussed here ad nauseam. You have been asked to provide real time trades and you failed - lost.

Perfect what? Picking any successful trades out of a mix of losers and winners is a bad joke.

What does it tell us? That this cherry picking is your standard operating mode. It is a scam. Caught.


Read this blog starting at page 273 to find out more about computerized fraud

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog
Indyz
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September 25, 2019, 04:52:24 PM
 #6387

To be fair, Armstrong is just doing what the Fed and whoever controls the Fed is doing. Fraud and ponzi schemes foisted on the unsuspecting herd.

 Roll Eyes
AnonymousCoder
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September 25, 2019, 09:20:08 PM
Last edit: September 25, 2019, 10:13:34 PM by AnonymousCoder
 #6388

...
As Armstrong has said the majority is always wrong that is the fuel that drives the markets so it should come as no surprise that the majority think socrates is a scam, and we need fools on the other side of the market in order to trade against them.

So we are at the stage where the fact that the majority thinks it is a scam, that fact would be an endorsement of Socrates.

In fact, I have been trading against the Socrates users recently. Should have losses according to Gumbi. No!. Nice profits. Bought the lows and sold the highs. Usually, being a trend following system of old age, Socrates buys the highs and sells the lows, as Gumbi demonstrates in this post.

There is so much bullshit in this post that it needs multiple responses.

Read this blog starting at page 273 to find out more about computerized fraud

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog
AnonymousCoder
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September 25, 2019, 09:29:58 PM
Last edit: September 25, 2019, 10:41:39 PM by AnonymousCoder
 #6389

...
In fact socrates is very black and white regarding the reversal system there can be no ambiguity. so basically it comes down to emotional IQ that is the key when using this system.

The Socrates system is full of ambiguities. Socrates provides no conclusion from the multitude of conflicting trading signals it provides:

See Socrates Technical Analysis Prediction Magic

Talking about ambiguity, you can read there about a case where this moron Gumbi who is paid by Armstrong or is Armstrong himself advises to ignore the election of a reversal, elected within 1% rule, and then trade another reversal that was NOT elected. This is sheer madness.

Calling this an computer system is already a joke, because a computer system would know the rules and calculate the result from the multitude of conflicting signals.

This contraption looks more like a bunch of pocket calculators.


Read this blog starting at page 273 to find out more about computerized fraud

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog
Gumbi
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September 25, 2019, 11:14:04 PM
 #6390

...
In fact socrates is very black and white regarding the reversal system there can be no ambiguity. so basically it comes down to emotional IQ that is the key when using this system.

The Socrates system is full of ambiguities. Socrates provides no conclusion from the multitude of conflicting trading signals it provides:

See Socrates Technical Analysis Prediction Magic

Talking about ambiguity, you can read there about a case where this moron Gumbi who is paid by Armstrong or is Armstrong himself advises to ignore the election of a reversal, elected within 1% rule, and then trade another reversal that was NOT elected. This is sheer madness.

Calling this an computer system is already a joke, because a computer system would know the rules and calculate the result from the multitude of conflicting signals.

This contraption looks more like a bunch of pocket calculators.


Read this blog starting at page 273 to find out more about computerized fraud

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog

why so antagonistic, are you always this emotional?

This system is very simple but you have no idea how it works, regarding trading a reversal that was not elected, all four reversals need to be elected to change the trend, this is where we elected the 3rd bearish reversal but held the fourth.
AnonymousCoder
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September 25, 2019, 11:46:40 PM
Last edit: September 26, 2019, 01:13:23 AM by AnonymousCoder
 #6391

Socrates the Schizophrenic System



...
This system is very simple but you have no idea how it works, regarding trading a reversal that was not elected, all four reversals need to be elected to change the trend, this is where we elected the 3rd bearish reversal but held the fourth.

You are omitting the fact that a reversal was indeed elected, and in hindsight you advised not to trade that elected reversal even while the 1% rule was satisfied. Nobody can trade this. Nobody. Nobody can be advised to trade against the rules. This is schizophrenic.

ok, you are adding another dimension of ambiguity, another back door for you to say that Socrates is always right.

Thanks for that. I will add this to the list.

If there was even a shred of truth in what you write, i.e. the system being simple, then the computer would figure it out. Definitely. If it was that simple, then even your MS-DOS computer would provide the answer as part of its analysis.

What we see here is that Armstrong makes the rules up as he goes, in hindsight. Ah, suddenly the system is no longer simple!

Unfortunately, nobody can write a computer program that follows rules that are set in the future, from case to case, and that is why Armstrong has to spend the time to respond do me, which is very inefficient in its own right. He would not have to write this if the computer had not given the wrong answer.

So it is a system that exists only in Martin Armstrong's head, and even he was not able to write a computer program that reflects the rules in this weird system. It is a schizophrenic system.


Read this blog starting at page 273 to find out more about computerized fraud

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog
s29
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September 26, 2019, 02:50:46 PM
 #6392

Here Marty goes again bragging shamelessly:

https://www.armstrongeconomics.com/armstrongeconomics101/economics/liquidity-crisis-2/

Quote
Liquidity Crisis
Blog/Economics
Posted Sep 25, 2019 by Martin Armstrong

COMMENT: Marty, you have made many unbelievable forecasts in so many markets around the world. But your forecast that we would see a liquidity crisis after Labor Day and dollar hoarding is at the top of the list. There is nobody who saw this coming. Your computer can see things nobody can. Looking forward to Orlando this year. Two more board members are coming because of this forecast.

Amazing!


PVB

The problem is, he never made the "liquidity crisis after Labor Day"-forecast Cheesy Shocked
s29
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September 26, 2019, 02:56:36 PM
 #6393

Armstrong says the world is falling apart:

https://www.armstrongeconomics.com/future-forecasts/ecm/our-risk-assessment-meter-is-now-in-orange-alert/

Quote
Our Risk Assessment Meter is Now on Orange Alert
Blog/ECM
Posted Sep 26, 2019 by Martin Armstrong

There is a clear rising risk factor emerging from both politics and geopolitics as we move into the January turning point on the Economic Confidence Model. As the economy turns down and as we head into the 2020 presidential elections in the United States, we are facing rising risk factors on many fronts. The Democrats bashed Russia over the 2016 elections, blaming them for releasing Democratic emails that revealed the extent of their corruption. This has increased the tensions with Russia, rekindled the Cold War, and placed us at a far greater risk of war than at any time post-Vietnam.

There is pressure from the neo-cons to go to war with Iran. Iran has boasted that Saudi Arabia is willing fight to the death of every last American soldier.

But how does that rhyme with the Economic Surprise Index surging lately? Roll Eyes

AnonymousCoder
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September 26, 2019, 03:42:21 PM
 #6394

Armstrong says the world is falling apart:

https://www.armstrongeconomics.com/future-forecasts/ecm/our-risk-assessment-meter-is-now-in-orange-alert/

Quote
Our Risk Assessment Meter is Now on Orange Alert
Blog/ECM
Posted Sep 26, 2019 by Martin Armstrong

There is a clear rising risk factor emerging from both politics and geopolitics as we move into the January turning point on the Economic Confidence Model. As the economy turns down and as we head into the 2020 presidential elections in the United States, we are facing rising risk factors on many fronts. The Democrats bashed Russia over the 2016 elections, blaming them for releasing Democratic emails that revealed the extent of their corruption. This has increased the tensions with Russia, rekindled the Cold War, and placed us at a far greater risk of war than at any time post-Vietnam.

There is pressure from the neo-cons to go to war with Iran. Iran has boasted that Saudi Arabia is willing fight to the death of every last American soldier.

But how does that rhyme with the Economic Surprise Index surging lately? Roll Eyes



Good point. But actually ...

Is this is because too many people are still reading armstrongeconomics.com Huh

We are doing our best here to change that.

See:

Site Ranking


Read this blog starting at page 273 to find out more about computerized fraud

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog

MA_talk
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September 26, 2019, 04:32:48 PM
 #6395

...
In fact socrates is very black and white regarding the reversal system there can be no ambiguity. so basically it comes down to emotional IQ that is the key when using this system.

The Socrates system is full of ambiguities. Socrates provides no conclusion from the multitude of conflicting trading signals it provides:

See Socrates Technical Analysis Prediction Magic

Talking about ambiguity, you can read there about a case where this moron Gumbi who is paid by Armstrong or is Armstrong himself advises to ignore the election of a reversal, elected within 1% rule, and then trade another reversal that was NOT elected. This is sheer madness.

Calling this an computer system is already a joke, because a computer system would know the rules and calculate the result from the multitude of conflicting signals.

This contraption looks more like a bunch of pocket calculators.


Read this blog starting at page 273 to find out more about computerized fraud

See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog

why so antagonistic, are you always this emotional?

This system is very simple but you have no idea how it works, regarding trading a reversal that was not elected, all four reversals need to be elected to change the trend, this is where we elected the 3rd bearish reversal but held the fourth.

Ha ha.  Gumbi who promised to post real-time trade is back, but NEVER did.  I wonder why?Huh

Yeah, and he claimed that he NEVER lost any money on every trade using Socrates.  He is a trading god (by HINDSIGHT).

That's right.  More advertising for Armstrong.  The system is "very simple" that it took years and 320 pages on this forum, and NOBODY has demonstrated even one viable repeatable strategy using any of Armstrong's stuffs.  I wonder how?Huh
MA_talk
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September 26, 2019, 04:45:38 PM
 #6396

...
There has to be an explanation why Armstrong has so many delusional thoughts, all the disorganized writing, constantly brags, the scamming of investors, and is simply outright lying about a lot of things. Maybe he really thinks he gets these fanmails; but in reality it's just another persona of him. Also the complete shamelessness about not making any excuses whatsoever about wrong predictions is very weird.


Interesting question, like asking why can a person with so many behavioral defects exist?


I saw somebody who tried to talk about Armstrong's growing-up.  He only said one sentence or two.  But he did NOT want to resort to personal attacks, but rather just discuss "any" of Armstrong's forecast failures.

Based on that one or two sentences, the only thing that I could make out is that Armstrong has always been like this since growing up.  He is super-arrogant.  He simply thinks that he is above everyone else, and morality is not in his vocabulary.

In any case, I have zero problems with any people with any kinds of personality.  I just have problems with people who try to take advantage of others by any means, such as lying, cheating, making up stuffs with hindsight, etc.

I don't care how Armstrong is as a person.  I just have issues with his hindsight "facts" that are obviously 100% accurate AFTER the events.  So many of his "forecasts" have gone wrong, and he would NOT admit any failures.  He just wants to continue his scam.
trc4949
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September 27, 2019, 12:26:15 AM
 #6397

Armstrong has said now many many  many times that he sees no sign of a "major" crash in the stock market both in this public and private blog and in interviews all around the web.

So here we are between end of Sept and October when many crashes happen.

If we actually do get a crash I wonder what he will say ?



I guess it depends on what exact a 'major crash' is ?   10, 15, 20, 25, 35 % HuhHuh?? in 10 days or less ??
blinder007
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September 27, 2019, 09:19:42 AM
Last edit: September 28, 2019, 08:21:52 AM by blinder007
 #6398

I do not see why there should be a crash in the near future??

Bonds are a suckers game, Interest rates mostly below inflation or even nominally negativ and   PM's and commodities have started a correction or even more ..

Do you wan't to stuff the cash under your mattress ??    Wink

But you do NOT need  MA or Socrates to figur that out
Alex-11
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September 29, 2019, 08:34:42 PM
 #6399

@Alex-11
Socrates is so simple to use I find it hard to believe people can't see how accurate it is..... with the understanding that  the election of a reversal implies a move to the next....

in my experience this strategy has not always worked, but maybe I've looked at the wrong reversals (table) when I've tested it in Q2/2019. I will have a look into it again. Thanks for the hint.
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October 01, 2019, 04:48:36 AM
 #6400

armstrong saying a close in djia fo september below 26905 in order for it to retest the lows....

but we closed at 26917.....    a lousy 12 points,.... isnt there some wiggle room in this model ?
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