Influence by a Cabal of Evil People Bring Us to Where We are Now!


COMMENT: Dear Mr. Armstrong,
I don’t mean this against you specifically, but your latest post reminded me of It. I am in my 40s now. Ever since 9/11 I have been hearing older people say, ‘I’m just glad I’m not 18 today.’ Everyone knew this was coming. All the old people in America could have been spending the last 20 years of abundant free time trying to make the future -better- for all the young people coming up behind them. Instead, they were on cruises, playing golf, bingo, going to Florida, getting early-bird dinners, etc. And then they just sit there and say, ‘Boy your lives are going to be terrible.’ Well, thanks.
– JM

 

REPLY: You are absolutely right, but the average person also does not know where to start. The system is so corrupt at every level it does feel like resistance is futile. When I was young, I tried to make a difference. I quickly learned that trying to work from within government was indeed futile. You have people who try so hard to smear me by saying I’m a fraud, but why? It is because they also know that we have probably the largest institutional base of anyone. They fear, as always, I am too influential. But the truth is we are not influential enough to prevent this crash and burn.

My personal goal was to create Socrates in the hope that people will look at this and understand when it is time to rebuild, let’s do it the right way. I think Socrates has done an outstanding job. I have not personally been able to articulate its forecasts because I am just human. It has projected this crash, and the dramatic rise in unemployment that I fundamentally could not rationalize based on history. It projected years in advance that this 8.6-year wave would be a commodity boom, built upon shortages and NOT demand. That much I have been able to articulate. My job is to reveal its forecasts. As I have said, I was at a loss to comprehend how unemployment could possibly rise so fast. That has NEVER taken place even in times of war, no less the Great Depression.

We can see that unemployment even during the Great Depression took three years to reach the 25% level. Even by 1930, unemployment had risen from the 3% level to about 8.5% in a year. Socrates forecast something that NEVER took place in history. That to me was very impressive.

They may hate me and claim I have too much influence, but that is always when they are going against the trend. This a cabal, a coordinated attack using so many fronts it is just beyond contemplation. It has been well organized. The WHO, which is part of this conspiracy, is now stating the world must remain locked down.

The untold story is of the farm workers who pick crops in Europe migrate from Poland south. This lockdown is causing a serious shortage in food which will lead to starvation and a real rise in disease, which our computer is projecting in 2022. This conspiracy to further political change is threatening civilization, national security, and inviting war.

Martin Armstrong Answers Questions — Q&A 4-7-2020


QUESTION #1: Marty, you always said that gold and the dollar would rise during the monetary crisis cycle. I must admit, the fundamentals always seem to unfold to support your forecast. The article on the dollar shortage is really enlightening. The gold bugs hate you because you do not support their hatred for the dollar. You have taught me to see the world from a real hedge fund manager’s eyes. So do you see this dollar crisis taking down the IMF?

Thank you

DF

QUESTION #2: Martin, Why do you seem so surprised about the chaos Soros and Gates are creating? Didn’t your (ECM) model predict it? Some events or Some person(s) needed to be the catalyst. Change is inevitable.

Resistance is futile.

JC

QUESTION #3: What do you think of Icke saying there is no virus?

HS

COMMENT #4: Even if Dow briefly touchs 28K I am done for the year:) 35% up in dollar terms , who cares what happens next:)) On a different note if the dollar shortage is as large as you have been writing I think Fed has done a decent job and kept DXY at 100 (so far) .

SM

ANSWER: There is a serious risk that like the ECB, the IMF is stepping into something they have no clue what is going on. The total outstanding private corporate debt from emerging markets is more than $2 trillion in size and denominated in US dollars. However, the total market is $15 trillion. This is astonishing and the goldbugs harp on the dollar debt and hyperinflation and the dollar must turn to dust. They remain clueless that ONLY a rise in the dollar will blow-up the world economy unleashing massive sovereign debt defaults.

Yes, the ECM has been projecting this would be a commodity wave of inflation, but I have stressed many times, this is not the traditional boom inflation. It is inflation on the back of a SHORTAGE, not speculative demand.

I appreciate the line from the Borg, “Resistance is Futile.” I think if we do not resist, I hate to see the world we leave behind. As I have also said many times, I thank God I am not 18 years old. The youth will never know the freedoms of the prior generations.

As far as claims there is no virus, sorry I do not buy that. My cousin is a nurse who has been attending to these people. She has been infected and was nowhere near 5G. The virus exists. We have many doctors who are readers and they share information. They are not the propaganda machine.

Do Tall Buildings Signal a Recession or Depression?


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.

Iran & War


QUESTION: Mr. Armstrong, your forecast for Iran back in 2012 has been correct. It picked 2016 which in January the International economic sanctions on Iran were lifted after UN said it was satisfied with progress on fulfilling the nuclear agreement. President Rouhani then embarked on the first European state visit of an Iranian president for 16 years. But that same month is when the serious rift in relations took place after Saudi Arabia executed a leading Shia cleric Nimr al-Nimr. During May 2017,  Hassan Rouhani won re-election as president.= and by June that is when there was a co-ordinated attack on parliament and the shrine of Ayatollah Khomeini. That is when the Islamic State group claimed responsibility. That sparked major protests in December 2017 over economic grievances. The next year in 2018, President Trump announced the US withdrawal from the 2015 international deal on Iran’s nuclear programme. Iran in turn warned that it will begin increasing its uranium enrichment capacity if the deal collapses as a result of the US move.

I have followed your report and it has been truly remarkable for someone that is covering the entire world. My question is now, your array showed the 2016 turning point which was amazing, but it also showed 2020. There are increasing tensions once again. Do you have an update on this forecast?

Thank you

ABSR

ANSWER: There is a rising tide in Iran toward a confrontation. In February 2020, the hardliners scored big wins in parliamentary elections, but this was with a record low turnout of only 42.6% while any moderate would-be candidates were barred from running for not meeting strict eligibility criteria.

Back in 2013, the State Department blew everyone away after admitting that they officially and intentionally deleted several minutes of video footage from a 2013 press briefing to mislead the press over the Iranian nuclear deal under the Obama Administration. Then in 2o16, Iran also tried to sell oil in euros in a futile attempt to end oil’s link to the dollar. They clearly failed to understand this was not a SERIOUS blow to the USA, but in fact, they took on the currency risk of the euro and lost.

It appears that 2020 is the low for oil and we should see tension rise sharply with Iran which will help oil into 2024.

Socrates & the Whole


COMMENT: Mr. Armstrong – as a subscriber to Socrates, I find it remarkable how prescient its analyses have been. (Wish I were a better trader to benefit more financially! But that’s another story – live & learn. At least Socrates has kept me out of trouble, so far.)

My observation/question is, now that Vermont has gone full-on Politburo, directing retailers to “CEASE IN-PERSON SALES OF NON-ESSENTIAL ITEMS”:  I wonder if the timeline for the dissolution of the Union has accelerated? When Government decides what is essential, we’re all in trouble.

Thank you again for your work.
N.A.

REPLY: Yes, Socrates has done something that no human could have ever foreseen. Even its forecast that unemployment would be like a slingshot I questioned myself since that has never taken place in history. Only something that can analyze and do so without passion, bias, or conflicts of interest would survive such an event. Not even during the Great Depression did we see unemployment rise so fast.

This has NOT been about merely forecast the collapse of the stock market. This is far greater than any single market forecast. If you cannot see the whole, you will never understand what is taking place within a single market.

Just so everyone understands, Socrates is not even in one location. It is monitoring the world from multiple locations around the globe to prevent it from being blocked at least by a single governmen