Topic: Martin Armstrong Discussion - page 16. (Read 647227 times)

Can you point to which route on econsumer.gov we should take to file a complaint?

Martin Armstrong https://en.wikipedia.org/wiki/Martin_A._Armstrong claims he is a forecaster, and he sells forecasts. He claims that he has a Global Artificial Intelligence Computer that he uses to make his forecasts. He reports numerous success stories with falsified forecasting performance. He projects different types of crises and sells expensive reports and conferences. He claims that consumers of his products survive the projected crises financially. He also sells a computer based trading system Socrates as a service for trading purposes with fraudulent performance claims. It clearly contains buy and sell signals although he claims in his fine print that it is for educational purposes only. He offers buy and sell advice in his subscription based blog. He claims that he has been the largest institutional and government advisor for decades. However most if not all of his performance claims are falsified. For example, no government has ever asked him for advice - instead the US government locked him up in prison for 11 years, and his recent petition was denied: https://certpool.com/dockets/19-392.
The details of his scam are exposed at https://armstrongecmscam.blogspot.com/ which is a blog site. However it is organized and structured to some extent so it is easy to read. Further information can be found at https://bitcointalk.org/index.php?topic=1082909.new#new which is more difficult to read but contains more information. Martin Armstrong is a master of publishing his content and getting interviews from various affiliated alt-finance sites such as zerohedge.com, financialsense.com, bnnbloomberg.ca, dailymotion.com, fxstreet.com, marketsanity.com, omny.fm, peakprosperity.com, financialsurvivalnetwork.com, usawatchdog.com and others. Most recently, an affiliate even created a Coronavirus scam by creating a petition where Martin Armstrong is advertised as a government advisor to solve the crisis. See "Bring in the expert Martin Armstrong to stop the destruction of the world economy" https://petitions.whitehouse.gov/petition/bring-expert-martin-armstrong-stop-destruction-world-economy. He also sells an electronic book trying to profit from the crisis: "Coronavirus and Next Great Depression". I am suggesting that you read all pages of https://armstrongecmscam.blogspot.com/ That info I guess would be sufficient to create a court case against him. There is one overarching theme which is that he is barred from providing financial advice, and that his fine print on the product he sells states that it is for educational purposes only. However, he is continuously making public statements to the contrary selling his services as trading advice. There is proof of that on the quoted site. The other theme is that via the misrepresentation of the performance of his forecasting engine, he is misrepresenting the performance of his services in general because he claims that his services are driven by that engine. The misrepresentation has many manifestations, including the falsification of forecasting track records as documented on https://armstrongecmscam.blogspot.com/.

He does not care. He cares about the number of people to defraud with his scam. There is an inexhaustible pool of right wing idiots who are anti-government that he preys on and he aligns his campaigns with that potential. He gives them all they need to boost their confidence in him - the stuff they want to hear.

Besides he is pissed off that he cannot have his conferences.

Every single defrauded person should report their case at econsumer.gov


Martin Armstrong is a charlatan, and he spent 11 years in jail for that reason but he has not changed.

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.

...The downplaying of the virus by Armstrong could not only be dangerous financially, but also healthwise.

https://youtu.be/7wJ_BTOLxxo?t=324  
[Jan 24, 2020]  

Interviewer:  are you suggesting that the markets gonna go lower here over the next month, two months, three months, but you want to buy that dip?
Marty:  yes I mean it's I mean the market would have to go below 19,000 in order to actually say you've got a bear market so it's... that's pretty far away we don't expect an actual change in long-term trend.

Didn't Armstrong had a Japanese girlfriend for a while? Guess who's buying the books up...

Thank you for your precious review.  I checked the date of Armstrong's commodity boom post on financialsense.com, and it was "right on target", exactly landing at the PEAK of $CRB index.  As I have said many times, you gain a LOT more money by trading AGAINST Armstrong's advice.  For Armstrong, I'm sure he can twist his words and brains and convince readers of all kinds that

a commodity boom means NEGATIVE crude oil price!

That should go into historical failures of predictions made by anyone.  A boom is a NEGATIVE price?!

The other hilarious thing is MA claiming his machine predicted COVID-19 and the ensuing economic carnage it has caused. Yet again, that same (cycle?) playbook is rolled out where MA claims his machine predicted the event - but only AFTER it happened. The very same thing happened with the REPO crisis in September, which alas saw an expensive "report" available to buy. The same thing with COVID-19, only this time a virtual webinar is being hosted, because the virus has brutally cancelled MA's only pay cheque this year.


Having attended his 2018 WEC in Orlando, I can you tell you this:

The main prediction from 2020-2024 was for a COMMODITY BOOM, where CA and AU would be the big winners over other major Western economies. Based on a massive decline in consumer and therefore business demand in the coming years, both because of unemployment/bankruptcy and simply permanently changed behaviours, that now seems unlikely. Oil has been declining since 2014 and it looks unlikely that trend will reverse, not least with renewables becoming more mainstream.

At the 2018 Orlando WEC, not once did MA mention:

• 2020 would see an economic crash that would be as historic as 1929
• Oil futures would turn negative for the first time in history
• Major economies would see the highest increase in unemployed in history
• That this would all be caused by an overreaction to an unknown virus

...

Didn't Armstrong had a Japanese girlfriend for a while? Guess who's buying the books up...

....
...
But then I noticed something curious. The book was last available on 24 March 2020 on eBay from the same seller account. While MA uses private listings, you can still match user IDs from the first and last letters of the hidden ID. The chances of getting random matches is likely to be low based on how varied user IDs are on the platform. Private listings are ideal for sellers who may be shill bidding or up to something nefarious, so I wouldn't rule out something underhand going on. Bragging about a sold out book is typical snake oil salesman tactic to then up sell a far more expensive product (report or WEC) - human psychology again.

And it looks like the following buyers purchased MA's book again, on the 20 April AND managed it within the small 15 minute time window they had before the book sold out:

1***1
c***a
e***c
e***t
f***e
h***a
i***r
i***s
l***e
t***t


Ask yourself if this sounds feasible, where so many (10) of the same buyers of the book from 24 March would all be around on 20 April, for those brief 15 minutes, to buy the book again?

Those probably are friends and family helping things along.


And if you want to find out more about becoming a best selling author on Amazon, all in the name of selling "training" content, which is what MA does sell, read this:
https://observer.com/2016/02/behind-the-scam-what-does-it-takes-to-be-a-bestselling-author-3-and-5-minutes/

https://youtu.be/7wJ_BTOLxxo?t=324  
[Jan 24, 2020]  

Interviewer:  are you suggesting that the markets gonna go lower here over the next month, two months, three months, but you want to buy that dip?
Marty:  yes I mean it's I mean the market would have to go below 19,000 in order to actually say you've got a bear market so it's... that's pretty far away we don't expect an actual change in long-term trend.


Here we have an example of extinct Socrates subscriber specimen:  

03/03/2020 DOW price: 25,917.41

Famous last words:  

03/19/2020 DOW price: 20,087.19
03/23/2020 DOW price: 18,591.93

- - -

- - -  

The other hilarious thing is MA claiming his machine predicted COVID-19 and the ensuing economic carnage it has caused. Yet again, that same (cycle?) playbook is rolled out where MA claims his machine predicted the event - but only AFTER it happened. The very same thing happened with the REPO crisis in September, which alas saw an expensive "report" available to buy. The same thing with COVID-19, only this time a virtual webinar is being hosted, because the virus has brutally cancelled MA's only pay cheque this year.


Having attended his 2018 WEC in Orlando, I can you tell you this:

The main prediction from 2020-2024 was for a COMMODITY BOOM, where CA and AU would be the big winners over other major Western economies. Based on a massive decline in consumer and therefore business demand in the coming years, both because of unemployment/bankruptcy and simply permanently changed behaviours, that now seems unlikely. Oil has been declining since 2014 and it looks unlikely that trend will reverse, not least with renewables becoming more mainstream.

At the 2018 Orlando WEC, not once did MA mention:

• 2020 would see an economic crash that would be as historic as 1929
• Oil futures would turn negative for the first time in history
• Major economies would see the highest increase in unemployed in history
• That this would all be caused by an overreaction to an unknown virus

Yet another massive miss for MA and his ECM/Socrates.

What further evidence do people need to see this guy is a complete charlatan? He plays with the known flaws of human psychology to line his pockets, and does it in a very underhand way, where much of his socioeconomic commentary is logical and interesting, which builds trust, then he uses clever underhand tactics to make out his Socrates/ECM are some gift from God, so creating a cult-like persona that has more blind followers than wide-eyed detractors.

https://www.ebay.com/itm/324141916183

You guys see what I see under "Similar sponsored items" and "People who viewed this item also viewed", right?

It looks like he has this big pile of books that he does not know how to get rid of so he basically makes lemonade from lemons.
...
And it looks like the following buyers purchased MA's book again, on the 20 April AND managed it within the small 15 minute time window they had before the book sold out:

1***1
c***a
e***c
e***t
f***e
h***a
i***r
i***s
l***e
t***t


Ask yourself if this sounds feasible, where so many (10) of the same buyers of the book from 24 March would all be around on 20 April, for those brief 15 minutes, to buy the book again?

Those probably are friends and family helping things along.


And if you want to find out more about becoming a best selling author on Amazon, all in the name of selling "training" content, which is what MA does sell, read this:
https://observer.com/2016/02/behind-the-scam-what-does-it-takes-to-be-a-bestselling-author-3-and-5-minutes/

https://www.ebay.com/itm/324141916183

You guys see what I see under "Similar sponsored items" and "People who viewed this item also viewed", right?

What's this all about?

great post on private blog today by martin. just follow his general advice and your laughing. gonna be a great chance to buy the dow which he says is going a lot higher

i have that report lol do you haha. watch and learn buddy here comes the dow enjoy losing money i know exactly what to do

I was foolish enough to buy one of Armstrong's gold reports four years back and was a subscriber to Socrates for a few months.

The Gold report was a complete waste. It was 90 percent about history. His benchmarks were meaningless and incorrect, and no matter what happened, Armstrong could point to some random vague sentence and claim something.

Socrates was just as bad (only cheaper). The arrays were confusing as hell, usually never correct, and the directional changes never happened. In the summaries, there were odd spelling mistakes. Socrates is allegedly a computer that is never wrong, so how could it misspell simple words?

Armstrong probably duped me out of $900 over 3 years. He should be in jail for being the biggest fraud in history.

Also, still waiting for the collapse of the Euro he has been calling to happen for 4 years.

You'd think Armstrong would have seen a 35 percent market decline coming from late February to late March. He didn't.
On his own blog, one of his fake emails claimed he nailed the top of the market in January (which he obviously didn't as it peaked Feb. 19 or 20).