Yellen & Inflation


Armstrong Economics Blog/ECM Re-Posted Jun 3, 2022 by Martin Armstrong

QUESTION: Marty; I have been a follower for years. Your model has correctly forecasted every major trend from civil unrest to disease. But your forecast that this wave would be commodity inflation based on shortages years in advance, proves that you deserve the Noble Prize. Absolutely no analyst did that although many now pretend they are forecasting this trend. I have to ask. Why is the government refusing to use your model?

HK

ANSWER: The entire economic field sells itself as the solution. They reject the idea of any defined business cycle BECAUSE that means there can be no manipulation. Just look at Schwab and his World Economic Forum, which will be one day cast as the evil emperor in some future version of “Planet of the Manipulators.” If they listened to this model and followed it, they would reject Schwab’s obsession with Marxism. As long as the economy is random, then they can manipulate it. Following my model strips them of that power.

There are still people in the former Iron Curtain countries that miss communism. Why? It is the same in prison. You become institutionalized and have no responsibilities, including taxes. Someone hands you a broom, you sweep the street, and it takes not a single mental thought of how to actually do the job. You can’t even be fired.

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