Argentina Posts First Surplus in Over a Decade


Posted originally on Apr 15, 2024 By Martin Armstrong 

It took President Javier Milei of Argentina a mere two months to push his nation into a surplus. The Economy Ministry declared that the government posted a $589 million surplus, the first surplus in recent memory. Western media has been silent about Milei’s victory as his policies are pushing the nation back on the path of capitalism, whereas the West insists on continually moving toward socialistic policies.

Milei has pushed forth an emergency package in an attempt to balance the budget and introduced an austerity package worth around $1.4 trillion. He famously slashed government agencies that contribute nothing to the economy. Every public employee on payroll for less than a year has been terminated. He is aiming to reduce government by 34% overall. Transfers to local government have ceased.

Milei.PublicSector

He has called his measures a form of “shock therapy” for Argentina’s economy. Milei agreed to devalue the nation’s peso from around 350 to 800 pesos per USD. He has eliminated quotas on imports and exports and removed the licensing that was difficult to obtain. There is a temporary rise in taxes for non-agricultural trade that brings it on par with industry standards. Transportation and energy subsidies have been eliminated.

The Western media has only supported stories criticizing Milei for being a right-wing fanatical, the Donald Trump of Argentina. No one wants to report that his policies are effective and the improvements have been immediate. This man was brave enough to stand in front of the crowd at Davos and criticize them for their flawed ideologies. “The main leaders of the Western world have abandoned the model of freedom for different versions of what we call collectivism,” Milei said to a hostile crowd at Davos. “We’re here to tell you that collectivist experiments are never the solution to the problems that afflict the citizens of the world—rather they are the root cause.”

He said there was no one better to testify to this sentiment than the people of Argentina, who saw their nation fall after adopting collectivism/socialism. He believes unrestrained free market capitalism is the only way to end poverty and cited that the Industrial Revolution marked the first time the global economy truly saw growth. He said that collectivism has become fashionable in the West in recent years, but his nation had been declining for 80 years due to this illogical idea.

Argentina Peso M 1 25 2018

Those in charge want us to believe that capitalism equates to greed while collectivism is seen as a form of social justice but, of course, requires the money of others. Free enterprise is under constant attack, and Milei is one of the only world leaders fighting for its existence. “Social justice is not just. It doesn’t contribute to the general well-being,” Milei said to Davos, citing that socialism is “intrinsically unfair” and forces the state to attack the people for taxes. “Can any of us say that they voluntarily pay taxes?” he asked the crowd.

This is the first time Argentina has had a surplus in over a decade. Some may not realize how drastic these changes have been for the nation and undoubtedly proof that reregulation is efficient. Allowing the market to operate freely is the only logical option. The public sector is an absolute drain on a nation’s resources, and slashing tens of thousands of needless jobs and dozens of cabinets has helped Argentina in the short and long-term.

Imagine Waking from an 8-Year Coma – Reflections from the Last ECM Wave


Posted originally on Apr 16, 2024 By Martin Armstrong

BIG BANG ECM 2015.75

The year 2015 was not long ago, and yet the entire world economy has changed. Central banks mismanaged monetary policy through arbitrarily low interest rates and continuous printing to appease the bigger issue—fiscal policy. Fiscal policies are all but nonexistent in most of the modern world, and government spending has become one of the largest threats to the global economy. The COVID lockdown pushed these issues into overdrive, and world leaders usurped power that they have refused to relinquish.

Debt Crisis

This is a global issue. Canada’s opposition leader Pierre Poilievre has highlighted how much has changed within one ECM cycle, as the last major turning point hit in 2015, and asked Parliament to imagine they had awoken from an 8-year coma.

Eight short years ago, Canada boasted one of the strongest middle classes in the modern world, surpassing that of America. Taxes were actually declining in Canada, falling faster than at any other time in the nation’s history. Crime had decreased by -25%, and people felt safe in their hometowns. The immigration system was efficient, the borders were closed, and there was no migrant crisis. Housing was affordable, costing less than half of what it does today. The nation had a balanced budget.

ECM 2015 2020 Detailed

Poilievre mentioned that there were global conflicts at the time in Syria, Afghanistan, and even Ukraine but none of them were causing inflation at home. Prime Minister Harper had much different policies in place.

Inflation is now rampant, and even after hitting a 40-year high in 2023, it remains 50% above the 2% central bank target. Canada’s economy is shrinking per capita and is expected to have the worst OECD growth of all 40 member countries for the next five years. There is a massive housing crisis in Canada, surpassing that of America, and homelessness is on the rise. The Canadian borders are open, migrants are encouraged to come to the nation despite the lack of housing, and millions of unvetted migrants are now within Canadian boundaries. Taxes are rapidly rising as Trudeau supports World Economic Forum initiatives like carbon taxes and reducing fossil fuels at the expense of the people. Canada has sent a fortune to Ukraine and continues recklessly spending on initiatives that in no way benefit Canadians.

Poilievre is on Trudeau’s tail. It is no wonder that nearly half of Canadians wish to elect a new leader in 2024 instead of 2025. Trudeau is losing his grip over the Canadian people who have become disgruntled with the unsustainable cost of living, rising crime,  and increasingly tyrannical government.

It is incredible how much can change within one wave of the ECM. I can assure you that the world will be a very different place by the next one.

We are TOO Stupid to Vote


Posted originally on Apr 16, 2024 By Martin Armstrong 

Greek Philosophers

Aristotle believed that after Pericles died in 429 BCE, the demos continually appointed charismatic demagogues who damaged Athenian democracy. The three main Greek philosophers were against Democracy because the people were too stupid and uneducated. This is where we had even John Kerry claiming Trump’s election was because of “populism,” and this must be prevented.

Huxley

Once again, the United Nations discourages individualism with this same philosophy that we are too ignorant to understand what they know. As Sir Huxley wrote when forming the United Nations, “unrestricted individualism is equally erroneous.” So much for human rights. We should have no right to vote, and in reality, these people claim to be defending democracy against autocracy when, in fact, we do not live in a democracy at all. They call Russia an autocracy when, in fact, we have no right to vote if we should go to war. We are too ignorant to know what to do in life.

Schwab WEF End of Democracy

There is an all-out assault on Democracy, and it is not from Trump. Here is Klaus Schwab, who is the poster child for authoritarian government and the suppression of human rights. We are too stupid to be allowed to vote since we are beneath the level of intelligence of those who know better. When Trump was elected, that is when Democracy became Populism – and that was not acceptable.

The Middle East – The Coming War of Wars


Posted Apr 14, 2024 By Martin Armstrong 

Temple Mount Jerusalem 1

QUESTION: Many people who are Jewish and Christian would love to destroy the Dome of the Rock. We hear Christian zealots pushing this event to bring about the Second Coming and Armageddon. Does Socrates show anything on this subject?

Do you plan an update on your Middle East War Report? It’s been almost ten years, and 2024 is here.

IW

Temple Mount Drawing

ANSWER: I have visited the Dome of the Rock and paid my respects. Jerusalem is the crossroads of three major religions – Jewish, Islam, and Christian. Disputes over specific locations abound throughout the city. There has been a long-running and undeclared war between two of Israel and Iran – the Middle East’s most implacable foes. I am deeply concerned that 2024 was the target year for this confrontation to burst to the surface. The October 7th Hamas/Iran attack on Israel was the beginning.

To the Jews and Christians, this is known as the Temple Mount, while the Muslims call it the Dome of the Rock. It contains a huge rock that the Jewish tradition says is that this is where Abraham was told to sacrifice his son. To the Muslims, the rock is the spot from which the Prophet Muhammad was taken up into heaven for an encounter with God (an event known as the Miʿrāj). Thus, it is the same rock, symbolizing the clash between these religions.

Vespasian AE Ses Judea Capitive XF

There are some Christian Zealots who want to destroy the Dome of the Rock to force the Second Coming and Armageddon. Yet there are also far-right Jewish Zealots advocating the destruction of the Dome of the Rock to pave the way for building a Jewish temple. The initial construction of the Dome of the Rock was undertaken by the Umayyad Caliphate on the orders of Abd al-Malik back during the Second Fitna (691–692AD). It was constructed on top of the very site of the Second Jewish Temple, which had been constructed in c. 516AD to replace the destroyed Temple of Solomon was reconstructed by Herod the Great, the Jewish King of Judea from 37/6BC to 4/1BC. It was that Temple that the Romans destroyed in 70AD.

It was only after the  Six-Day War was over by June 10th, 1967 (1967.441) that Israel’s capital city, Jerusalem, was reunited. For the first time in 19 years, the Old City was open to believers of all faiths, and Jews could access their holiest sites. I was fortunate to have visited everywhere in the late 1970s. Cyclically, that was precisely on time under the model.

It was 51.6 years right on target from the Six-Day War that the negotiations began, and within two months, on March 25, 2019, then President Donald Trump signed the Proclamation on Recognizing the Golan Heights as Part of the State of Israel. It was then, from May 3rd to 6th, that the Gaza–Israel clashes began (May 2019) also on time.

Temple Mount Jerusalem Wailing Wall R

Israel allowed Jews to pray on the Temple Mount. The Jews have been praying at the base of the Temple Mount, where the old Temple Wall still remains. Jordan, the custodian of the Dome of the Rock, demanded that the government cease Jewish prayer on the mount. The Israeli government avoided formally addressing these silent prayers. They occur on the eastern side of the Dome of the Rock/Temple Mount, albeit without traditional Jewish prayer items such as tallit, tefillin, or siddur.

Our computer has been projecting a rising confrontation and has targeted 2024 as the key turning point. I also reported on that in the February 13th, 2023 post in the last update. Yes, I will update this.

2024 Middle East Cycle of War

How to Defend Your Home Without a Gun


Posted originally on Apr 13, 2024 By Martin Armstrong 

Part 1

Part II – More effective techniques:

Not Even Central Banks Can Manipulate Markets – NOBODY


Posted originally on Apr 12, 2024 By Martin Armstrong 

Louvre Accord Plaza Accord

QUESTION: Can central banks not even manipulate the markets?

FS

PlazaAccord 1

ANSWER: No.  Here is the track record of the central banks when they created the Group of 5 (now G20) in 1985. I warned them they would create a crash within two years. But look at what happened. The fools assumed the central banks could manipulate the dollar. When the Plaza Accord took place, the dollar had already peaked. Because the fools thought the decline was all because of the central banks, when the dollar had fallen too far, they held the Louvre Accord and came out saying the dollar had fallen far enough. When the dollar moved low again, the 1987 Crash too place BECAUSE the central banks were perceived to have no control.

2015_Martin_Armstrong_is_the_Forex_Person_of_the_Year_About_FXStreet

I was named FOREX Person of the year for calling the collapse of the Swiss/Euro Peg. I even met with the Swiss central bank and warned them, They said they would be able to hold the peg and and said now way. I have met with more central banks than probably anyone – ever. I have been in the room when the red phone was ringing between the G5 on manipulating currencies. I need not engage in conspiracy theories. We have first-hand experience.

IBBPUS Y 1985 1.05

Even go back to the US Civil War. The dollar was collapsing, and the price of gold soared regarding greenbacks. Lincoln did everything. He shut down gold trading on the New York Stock Exchange. They then traded on the curb and created the Gold Room. Nothing worked.

1864 Nov 18 Price of Gold Folly to Regulate It

Here is the New York Times from November 18th, 1864. They observed the “folly of attempting to regulate the price [of gold] or any other article of traffic by forcible interference.” Anyone who claims that gold was suppressed because of manipulation made that up because they do not understand that gold DOES NOT rise linked to inflation. Gold soars when there is a collapse in confidence in government and in times of war, just as it did during the Civil War.

2023_01_09_19_31_04_Federal_Debt_Held_by_Foreign_and_International_Investors_FDHBFIN_FRED_St._
GCNYNF Y 7 7 22

Gold declined for 19 years while inflation rose and the National Debt exploded. Gold has rallied only when the CONFIDENCE in government has declined as we are seeing today. People are getting very tense. In Texas, a guy drove his 18-wheeler into a Texas Public Safety office after being denied a Commercial Drivers License.

Gallup 28 all Institutions 2022

CONFIDENCE has collapsed by about 50% since 1980. The movie coming out tomorrow on April 12th is the Civil War.  Such a movie 20 years ago would have been unheard of.

Trying to Save the Future – Redesigning Government


Posted Apr 8, 2024 by Martin Armstrong

Tetreacrhy Text

It took the Roman Empire about 314 years (Pi) to realize that it was just too big and complicated for one man to rule. The Tetrarchy was the system instituted by Roman emperor Diocletian (284-305AD) in 293 AD to govern the Empire by dividing it between two emperors, the augusti (presidents), and their junior colleagues and designated successors, the caesars (Vice Presidents). We have reached a critical impasse where the remaining years into 2032 will get difficult. The country is divided, and the agencies are so corrupt that the government is no longer functioning.

2022 Gallup Government Poll
Gallup 28 all Institutions 2022

The Gallup Poll reflects this, whereby confidence in combined government and institutions in 2022 collapsed to 28%. We are now approaching below 20%. When it comes to Congress, they are at the bottom of the list, next to TV news. People trust small businesses more than anyone—the sector Biden has been trying to destroy.

We are rapidly approaching the collapse of the United States and all of Western Society. Confidence in the British government is down to 13%. The corruption has spread far and wide in Western governments and there is no hope of our survival at this point in time. Those in power will NEVER surrender their power. They said you could vote your way into Communism, but you had to shoot your way out. I hope the same is not going to be true with what we are facing right now.

China Drugs

The November election seems almost light-years away, and these Neocons and Climate Zealots are fools and have no idea that they are destroying Western society. In fact, these Neocons are so ignorant of the world economy that we have a MAJOR CRISIS on the horizon. Indeed, 80% of all drugs used by Americans are imported. Bashing China not only threatens our economy and pushes the government into default if foreign buying of US debt stops, but the health of many Americans is dependent on China.

Iran Chemical Weapons

Meanwhile, the expected retaliation of Iran against Israel does not need to be a nuclear attack. Iran is far more likely to respond with a chemical weapon intermixed with conventional weapons that go unnoticed at first. The effects of this can be strategic long-term, seeking to eliminate the problem of Israel once and for all. It seems everyone is just going nuts. It must be the eclipse. They were always a bad omen among the ancients.

Diplomacy 1

Once upon a time, we had leaders who sought world peace. Today, the Deep State loves Biden because he is not even there 40% of the time. These Neocons are waging war, praying to force Russia to attack, so they then will finally get a Declaration of War from Congress claiming they are the aggressor as Roosevelt did with the Japanese. Thanks to the media always beating the war drums they are paid to create World War III.

Embargo on Japan 2 15 20

Roosevelt was inflicting embargos on the Japanese, freezing their money, and cutting them off from all energy. When they turned to buying fuel from other nations, Roosevelt threatened to blockade their ships. Is it any wonder why the Japanese attacked Pearl Harbor to eliminate the US fleet after the threat of an embargo?

Pearl Harbor Investigation

What we are doing to Russia is exactly the same way Roosevelt treated the Japanese. There will be only one resolution – World War III. I do not believe that those in Washington and Brussels are this stupid. This is DELIBERATE, and they are trying to provoke Russia to attack, as did the Japanese. They will then claim we wear the white hats and Russia is the aggressor with an unprovoked attack. It worked before. There was even a Senate investigation after the war into the fact that Roosevelt knew  Pearl Harbor was to be attacked and pulled out the important ships, all to force Congress to enter the war.

Solution

Just like the President used Executive Orders to circumvent Congress and the Constitution, we do the same. We probably do not even have enough time to pull this off. I have been expressing this behind the scenes.

White House Logo

While the Senate must approve the White House appointments to courts and agencies, they DO NOT have approval over the direct personnel of the President or who they select for Vice President. This is my proposal! The President, Vice President, and Chief of Staff create a TRIPARTITE Ticket whereby the Chief of Staff will oversee the agencies. This is absolutely critical!!!

Redesigning Government 1

For those who attended the WEC last, I brought on stage the former chief of staff in the Financial Services Committee in the House of Representatives. He explained how Congress really works and to become the leader is not the person championing change but who plays ball with the status quo. All of the Agencies are on the take. They are now controlled by the very people they are supposed to be regulating. We need an AGENCY CZAR, but we cannot create another agency, for that means Congress gets to supervise, and they will be paid off to block it.

Deep State 1
1 Fourth Branch

It is well known that The Deep State, the Fourth Branch of the government, is totally UNELECTED! They include all of the Administrative Agencies. It was this Fourth Branch that was out to overthrow Trump in 2020. The entire COVID Scam was directed NOT by Fauci but by Mike Pence with Debroach Birx. Birx sent instructions to all the governors precisely the opposite of what Trump ordered. She is the one who closed the schools, and she is the one who put in place the ZERO infections at all costs. She was part of this unelected Fourth Branch. They were deliberately trying to destroy the economy to make sure Trump would lose the election.

Swamp

Right now, before the Supreme Court is a case, many hope will be overruled – the Chevron rule directing judges to defer to this Fourth Branch and use their own laws. The Chevron Case has created an intolerable SWAMP, and unless the Supreme Court overrules Chevron, there is no hope of ever getting control of our government back.

This is why we need a third position: corruption has consumed the government so much that this unelected dictatorial Fourth Branch is above the law in every possible way we look at it. We need a Chief of Staff who is not subject to appointment by the Senate to oversee the agencies. With the power to fire anyone, the office of Inspector General should be provided with the power to indict anyone in government as the Tribune of the Plebs was permitted during the Roman Republic. The Department of Justice has shown that there is no rule of law pushing to indict Trump, yet at the same time, it is refusing to treat Biden the same.

DOJ _Are_you_kidding_me refusing to comply with subpoena

The Justice Department put Peter Navarro in prison for refusing to comply with a subpoena from Congress and then refused to honor subpoenas regarding Hunter Biden. The Judge actually said, “Are you kidding me?” They threw in prison anyone connected to Trump while they violated the very same subpoenas regarding the Bidens. You just cannot make this up. We are too far gone now.

2024 Biden_Administration_Finalizes_Rule_Preventing_Federal_Employees_from_Being_Fire

In this third position, a Chief of Staff who effectively becomes the Agency Czar, supervises the agencies. He can be given the power to fire any bureaucrat in an executive order, just as Biden tried to make it impossible if Trump is elected to prevent him from firing the Neocons and Climate nut-jobs to ensure Biden’s bureaucrats are untouchable.

Now Listen to RFK Jr. He was NOT anti-vax, and the propaganda portrays it. All the media is bought and paid for, and they care nothing about society, your health, or the survival of the nation. They simply mouth what they are paid to do from above. Listen carefully to what he says about dealing with agencies.

As I have said. I would get the flu shot, and my kids were vaccinated. With corruption in ALL the Agencies, I would no longer take a vaccine for anything since they are making everything MRNA created by their computers and are not properly tested. They do not rely on the age-old method of creating vaccines with a real disease sample to get your body to resist it. Because they have paid off the officials for absolute immunity and are funding the agencies that regulate them, there is not anyone left the people can trust when the government is for sale.

2016 Goldman_Reaches_5_Billion_Settlement_Over_Mortgage_Backed_Securities_WSJ

Every agency is beholden to the very entities it is supposed to regulate. The CFTC and SEC will ONLY criminally prosecute small firms. The big firms pay only fines for blowing up the economy. They will pay a large fine, like Goldman Sachs’s $5 billion for its mortgage-backed securities in 2016 against their annual profit of $27.9 billion. It amounts to just a royalty as the CDC gets from big Pharma.

Revolving Door

There is a major systemic corruption crisis that has undermined the entire government. In finance, for years there have been serious issues with what has been called the Revolving Door at the Securities Exchange Commission. The very companies that are supposed to be regulated routinely hire from the SEC and as such, this contributes to the SEC refusing to prosecute the very companies that hire them. They tear apart small firms for minor infractions and never touch the major firms that they hope to land a high-paying job.

Then, Goldman Sachs puts in place its own people to head various agencies from the Treasury to the SEC and CFTC. This is a standard practice that has been in finance for decades. Bill Gates and the Drug Companies are doing the same with the health industry. Instead of bankers never being prosecuted, we have health agencies compromising our very health at the direction of the people they are supposed to be regulating. Joe Biden put in Gary Gensler as the new head of the SEC, who is an ex-Investment Banker from Goldman Sachs. He also advised Biden on the Federal Reserve staff.

Neocons Climate Nuts WWIII
Biden Secon Term

Did we get enough of them to Save the Planet?

Elon_Musk_on_X_Too_much_of_the_environmentalist_movement_has_morphed_into_a_hu

Even Elon Mush starts hearing the same thing from behind the curtail. These people are insane, but they do want to create World War III to reduce the population. This election is so important, for if Biden is reflected, the SWAMP will consume us, and the computer is projecting there may not even be an election in 2028.

RFK Jr. has experience as a lawyer. He will be overwhelmed as president, which is what they will do. However, he knows the problem, and we should have a Triparte Ticket with RFK Jr. as the Chief of Staff Agency Czar, Trump, at the head of the ticket. I would select Rand Paul for VP.

2032 Date
Crash Burn

The government is far too large for a single person to run. The vice president should have more than just a ceremonial position. The Agency Czar needs power to really drain the SWAMP. Of course, I am only dreaming. We have to crash and burn, I suppose. I am glad I am not 18 years old. This will become someone else’s problem. The target 2032 will be (3 x 8.6) 258 years from the Boston Tea Party on December 16, 1773. Then, on May 17th, 1774, Rhode Island called for an “Intercolonial Congress” of the Colonies to be created. Then, in response to the Boston Tea Party, on June 2, 1774, England passed the Intolerable Acts demanding that their troops, under the new Quartering Act, required American colonists to provide better housing for British soldiers upon demand. This was followed by unifying the colonies, and the Revolution was set in motion. On September 5th, 1774, the First Continental Congress assembled in Philadelphia.

Interview: World War III Before Election?


Posted originally on Apr 7, 2024 By Martin Armstrong |  

Answering Questions


Posted originally on Mar 11, 2024 By Martin Armstrong 

Question

QUESTION #1: What is your opinion of Trump’s statement regarding the COVID vaccine: “YOU’RE WELCOME, JOE, NINE MONTH APPROVAL TIME VS. 12 YEARS THAT IT WOULD HAVE TAKEN YOU!””

JN

ANSWER #1: I have a serious disagreement with Trump, and it bothers me that he has not expressed what so many now realize was wrong.

QUESTION #2: Do you think Trump was correct with North Korea and NATO?

PH

ANSWER #2: On those issues, yes, I would have to agree. If you refuse to negotiate with an opponent, you better be prepared for confrontation. The policy against North Korea was to use sanctions to PREVENT them from getting nuclear weapons. That policy was a huge mistake, for it only confirmed that they needed nuclear weapons. The US does not invade China or Russia because they have weapons, as does Iran. From that perspective, the only way to prevent a US invasion is to have nukes. This is the problem that has emerged with our Neocons, who are always engaged in regime change around the world. Now, North Korea has the nukes, so what good are the sanctions? They failed. The policy has to shift to preventing North Korea from using them.

Clintons Russia Coup

As far as NATO is concerned, it has steadily moved eastward when it said it would not. Putin told the truth in the Tucker Interview despite mainstream media saying he lied and is a paraia thereby guaranteeing the only option is war. Obviously, you cannot negotiate with such an evil man, so we must move to nuclear war to eliminate one man. But the Declassified documents from the Clinton Administration I got and published in the book Plot to Seize Russia confirm that there was indeed talk of Russia joining NATO.

NATO North Atlantic Terror Organization

It does not matter WHAT government agency you hand power to; they will NEVER surrender it willingly. Every other nation has ONE REGULATORY body, and the USA has the CFTC and the SEC, plus the Federal Reserve over banks. If you obey the laws of one, you go to jail with the other. This hurts American citizens, for they cannot avail themselves of a hedge fund, and they must decide what sector to invest in, which is why I provide Socrates covering everything.

The bond guys will say they are the best, and so will the commodity guy, the stock guy, and the gold seller. They will all swear they are the best. A hedge fund was forced offshore, and the hedge fund manager made those decisions. This does not allow the average American to get the best available funds management.

DeutscheBank 1

I ran the ONLY onshore hedge fund in the world for Deutsche Bank, which was set up in Australia. It was a pain, you know where. They wanted CVs of every broker on the floor where I would ever do a trade. But we put up with it because we were trying to make headway into bringing professional management to the average person.  The average annual return was 38%, and the drawdown average was 1%. Nobody ever produced such an audited track record. SORRY. I retired from funds management. I’ve been there and done that.

NATO presents a threat to the entire world. If there is PEACE with Russia, then we do not need NATO, which was formed to defend against communism, which fell all by itself. So why do we need NATO? We do not. They will constantly swear Russia will invade Europe any day now, so they remain relevant and keep their funding.

YES – I would defund NATO and negotiate with Russia and China to lower tensions, for the common people around the world do not want war – only our insane leaders.

Forecasting the Future Based on the Past


Posted originally on Feb 26, 2024 By Martin Armstrong 

Socrates Monitory Globe

COMMENT #1: I was there at your 2011 WEC. I was dragged along by a friend. I remember well your forecast for war starting in 2014 and your forecast that the Dow would go to 40,000. I thought you were crazy. I bet my friend $100 you would be wrong. I had to pay up. Here we are at 40,000 and the Ukraine war started in 2014. I have to admit, I now see why institutions line up at your door and the government wanted your model.

You are a gift to mankind when we need clarity more than ever.

Thank you. It was the best bet I ever lost.

EP

COMMENT #2: everyone thought you were crazy years ago when you said dow 40000–here we are. it all came true.

ok see you soon

Brent

COMMENT #3: You are the only analyst who is consistent. I appreciate it is not your personal opinion like everyone else. That forecast the Dow would reach 40,000 is here and so is the war.

Stay safe. My whole family now listens to you.

HW

Debasement Gallienus

REPLY: Because my father was a lawyer who always hoped he would put “and son” on the door, I disappointed him in that regard. For whatever reason, I was always fascinated by what made the rise and fall of markets as well as empires, nations, and city-states.  He did teach me about law from probably 7 years old. He handed me Aristotle to read for one summer. I handed that to my son in the family tradition when he became a teenager. Yet he also instilled an interest in history. I bought my first Roman coin for $10, probably when I was 10 to 12 years old. I could hold history in the palm of my hand. I saw the US take silver out of the coins in 1965, and I saw the parallel to Rome and how the same pattern emerged.

Family Trip 1964

I also have to thank him for seeing the future of computers and pushing me into computer engineering, where in the ’60s, we had to study hardware design as well as software. I learned to code in machine language and connected the dots between programming and trading in the ’70s. Taking the family to Europe for the summer of 1964 opened my eyes to the world of currencies since we traveled all over from Sweden to Italy and everything in between.

That all set the stage for this journey I have been on, which I never set out to accomplish. Nevertheless, because of that worldview instilled in me by my father, I saw the world of finance, and that 1964 trip taught me, moving from one current to the next, that my home currency was really a mental language of value. I would have to listen to the price in whatever currency and then convert that in my head back to dollars. Only then could I rationalize if it was a fair price or not.

MA Socrates Prison

Visiting jail cell of Athens

Thus, I designed Socrates to look at the world and determine who will do what, for everyone will make a judgment call based upon their home currency, which is a language of value in their head. Here, you can see how the same market appears differently depending on your currency. I chose the name Socrates because he was really accused of knowing too much. They put him on trial for influencing the youth and executed him for sharing that knowledge.

Martin Armstrong Margaret Thatcher

All of that set me on the path to where I am today, but it also taught me a lesson that opinions are not the way to forecast. I probably have more experience than most. I have been to White House dinners, been on a board of a bank, met with board members of IMF and heads of state, addressed boards of the largest banks internationally, been an international hedge fund manager, and been called in by so many central banks as well as testified before Congress and been called in for just about every financial crisis around the world. That’s just the shortlist.

Because I specialized in currency, that has put me in the middle of almost everything since the 1970s.  Currency was the mover and shakers behind the politics of the world. It was far more than simply trading buy here and sell there. It is why the CFTC had even subpoenaed me, demanding a list of all my clients worldwide so they could prove I manipulated the world because I was too influential in their view. I defended in court and won. They were always seeking to shut down the forecasting.

History repeats because humanity never learns. These people who push for war have no end game. Nobody ever seems to ask – what comes next. They took down Saddam Hussein and never once asked: What would happen if you overthrew a government?

They are doing that again with Russia. Victoria Nuland is highly dangerous. She personally hates Russians, and nobody has a view of what would happen if you overthrew the Russian government. Would you then have nukes for sale on the black market?

I have been behind the curtain. I have never witnessed such evil and incompetent people in charge. I suppose this is necessary as we head into 2032. I want to stress that these forecasts are NOT my opinion. They are not based on anything other than the raw economics and capital flows. They are not based on religious philosophy, nor did I introduce astrology. They are the objective view of the computer, the ONLY fully functioning AI system in the world monitoring the global economy with a track record of nearly 50 years.

Yes, people are saying I should float it now. It would be worth hundreds of billions. I don’t have the time or the energy to take that on now, and I have more than enough to support me until Scotty beams me up. Nobody respectful has been beating down my door who would maintain my dream to ensure it helps the world – not a small WEF billionaire click.