Martin Armstrong lied under oath:
https://www.ndtv.com/world-news/economist-martin-armstrong-jailed-for-hiding-rare-coins-says-theyre-his-now-2052986This is the REAL REASON that he was jailed for contempt of the court: not disclosing and turn in all of his assets.
He hid the coins, not telling the court, and was probably planning to enjoy his stolen wealth from his clients when getting out of the jail.
Then he lost the coins, and now
"Further, Armstrong admitted under oath that the 58 coins, whose whereabouts are now known, were among at least $8 million to $9 million in rare coins that he did not reveal he had during the contempt proceedings for the same reason."
Amazingly, this charlatan/scammer has the guts to claim these rare coins that showed up in auctions.
Now he changes his story to
"Marty did not hide coins or assets," Armstrong's attorneys said in a court filing last month. "Either the government had seized them, or they had been stolen sometime in 1999."
Martin Armstrong has negative amount of integrity and honesty as being shown repeatedly.
And we are to believe him that he is the pioneer in speech recognition, and he created AI program that runs on super-computer that is for government-usage only?
This guy changes his story and market predictions as he sees fit. Hindsight is 20/20. Based on his lying record, I'm pretty sure that he MADE UP the successful market call on 1987. There is just NO documented proof of that. His strategies are simply to call everything possible, and then just frame up the ones that were remotely right, when he cannot make it up.
Simply look at that Barron's article (probably paid huge sum to the journalist). He said that market will go up. NO TARGET and NO TIMEFRAME. Nothing! NO one needs anybody to tell him that market will go up in the long term, simply because of general annual inflation of 2%.
And he calls that his "prediction".
The model pegged June 13-June 14, 2011, as the start of a long-term upward trend in the market;
That is AFTER the market more than doubles from the low in 2009, and then he comes out for the call. Great hindsight!!