COMMENT: Mr. Armstrong; I find it intellectually dishonest why the mainstream media refuses to cover your forecasts and others plagiarize you when Socrates has been the biggest breakthrough perhaps in human history. I attended the Orlando WEC in 2019 and your forecasts on gold and the stock market were brilliant. When it came to this virus, you held your ground against all others and said this was not a biological weapon, and on March 9, you forecast the virus would top out in April and subside.

There is nothing out there and certainly, nobody has been able to forecast the world no less a single market. Even your letters to the President have an impact around the world. The Youtube post on that has shown your passion to help society.

My God man, you have been a voice in the wilderness we all should be promoting.

God bless;

PF

REPLY: Thank you. As they say, a prophet is never accepted in his own time or his own country. I am not a prophet, just a programmer who had a vision and was trained by my international client base to see the world through everyone’s eyes. Perhaps the day will come after 2032 when I am gone and there is no more messenger to attack and hate they will at last look at the message. Of course, that does not help society right now.

Download: Armstrong Petition for Rehearing

On May 1st, the Supreme Court will decide if they will hear my case against the government. It is such a long-shot, but if they did, there might appear a crack in the brick wall that would allow some light perhaps to shine in on the corruption that has seized the government in New York which is far deeper than the swamp mentioned by Trump. It is an ocean. If you want to help, write letters to the Supreme Court in support of granting a hearing. That is the only way to perhaps make a move in the opposite direction and push back just for once.

COMMENT: Dear Mr. Armstrong,
I am a regular reader of your blog from Poland and I highly value your opinions that spring from exceptional intelligence and experience. I’d like to contribute a few words to the discussion on the ideas of the “green movement”. When I listen to some of those people I have the impression that they consider humanity as some kind of disease that has befallen our planet, and if we all died out the planet would breathe a sigh of relief and life would thrive undisturbed for countless of billions of years. Yet it doesn’t seem it would. According to scientists, the Earth will probably become unsupportive for life within the next billion years because of increased solar radiation. Interestingly, the gradual process of atrophy of life will begin much sooner due to a dearth of carbon dioxide! If life on our planet can somehow be protected and prolonged, or perhaps spread across the Universe, it can only be done by some intelligent beings with great technological capabilities. If we fail, then perhaps some other intelligent creatures will evolve, but there is no guarantee of that as intelligence seems to be a unique feature that does not appear all that often among living organisms.
Therefore, I believe that far from being a disease, we are the planet’s hope!
Best wishes,
RR

ANSWER: Their agenda is really Marxism. They are using the environment to pitch their economic agenda. Their push is to seize the industry and control it. This agenda is really quite serious. They exaggerate everything and refuse to address any criticism. They have indoctrinated the education system. In Canada, they were actually teaching kids that because of global warming, Russia would be able to invade Canada. They refuse to even consider that solar energy fluctuates. They act as if the planet has warmed from the Little Ice Age solely because of CO2. They will not allow anyone to challenge them and now they have Wikipedia removing dissent. When any movement must try to shut down dissent, it ceases to be a basic movement for the people and becomes a dictatorial movement that destroys human rights. They act like they never heard of solar panels.

Now we see the very same power trying to suppress any medical comment that COVID-19 is now justified for this level of hysteria.

Madison Square Garden was constructed in New York City and was opened on September 29, 1891. The 304-foot (92.66 m) building had been completed a year earlier and was the second-tallest in New York City, just in time for the Panic of 1893. It was named after James Madison, the fourth president of the United States. The first garden, leased to P. T. Barnum, had no roof and was inconvenient to use during winter.

It was demolished after 11 years and a new Madison Square Garden was designed by noted architect Stanford White. It was constructed by a syndicate which included J. P. Morgan, Andrew Carnegie, P. T. Barnum, Darius Mills, James Stillman, and W. W. Astor. The third version began construction in 1925 after it was demolished and that lasted until 1968. The fourth version began construction in 1968 and was completed in 1969. That too was timed with the Panic of 1968.

The Flatiron Building marked the Panic of 1903. This was a triangular 22-story building that became the landmark building at the time. Construction was completed in 1902, and it was one of the tallest buildings in the city at 20 floors high. For the Panic of 1907, it was the Singer Tower on Broadway. With 47 stories, it was the tallest building in the world from 1908-1909.

There is the well-known story of how the Empire State Building, which was 102 stories, became the symbol of the Great Depression in the 1930s. The design for the Empire State Building was changed fifteen times to make it the world’s tallest building as a symbol of hope during the Great Depression. Construction began on March 17, 1930, and the building opened thirteen and a half months afterward on May 1, 1931. Despite the publicity surrounding the building’s construction, its owners failed to make a profit until the early 1950s.

As you can see from the chart above, after the 45% correction in the Dow, the market began to bounce. The project of the Empire State Building went ahead. Many assumed that the market was recovering and new highs would come again. Little did they know that most of Europe, South America, and Asia permanently defaulted on their debts in 1931.

The original World Trade Center destroyed in 2001 was a large complex of seven buildings in the Financial District of Lower Manhattan. It opened on April 4, 1973. This became the symbol of the 1974 Crash and the beginning of Stagflation. Likewise, the Aon Center in Los Angeles opened in 1973 which also marked a peak in the economy.

The 1987 Crash was marked by One Liberty Place in Philadelphia, and then the SEC later destroyed Drexel Burnham with Michael Milkin because of their competition with New York City. The SEC never has destroyed any firm in New York City as they have done in Philadelphia and Chicago.

Petronas Towers in Kuala Lumpur became the symbol of the 1997 Asian Currency Crisis and the 1998 Crash due to Long-Term Capital Management. That was the mass liquidity crisis from the emerging market collapsed that began in Russia.

In New York City, construction began on April 27, 2006, of the new One World Trade Center just in time for the Panic of 2007. It did not open until November 3, 2014.

The  Burj Khalifa, known as the Burj Dubai, also became the symbol of the 2007-2009 crash.

Like the wise tale that markets go up with women’s skirts and fall when then drop back to their ankles (i.e. Roaring 20s), the competition to create skyscrapers and always build the biggest in the world has also been an interesting correlation to major crashes in the world economy. The Jeddah Tower(Arabic: برج جدة‎), also known as the Mile-High Tower, was to begin construction in 2008. It was put on hold. This promised to be the tallest building in the entire world. It appears that plans for such buildings coincide with the boom days. All work was paused with the tower about one-third completed due to labor issues with a contractor following the 2017–19 Saudi Arabian purge. This too seems to be the symbol of this correction and the crisis in the Middle East.