Oh my God, and he really does:
https://www.armstrongeconomics.com/future-forecasts/misrepresenting-our-forecast-for-the-start-of-big-bang-2015-75/
Blog/Forecasts
Posted Nov 3, 2019 by Martin Armstrong
COMMENT: I find it really shocking how people are slandering you claiming you forecast that 2015.75 would be the collapse of everything instead of the peak in governments and the beginning of the decline and fall. You have made that very clear that this was the turning point to begin the change. It was the precise day Russia sent troops into Syria. It was the start of the massive migration of refugees to Europe. It was the start of the shift in politics that led to Trump’s victory the following year. It seems that there are people desperate to try to prevent others from listing to you. I think they are conspiring against the people.
HS
REPLY: I know. It is an outright misrepresentation of our forecasts and it is deliberate. Our post back in 2014 laid it out clearly:
“As we approach the start of BIG BANG (2015.75), which is 26 years from the first crack in Marxism 1989 first observed in China followed by the fall of the Berlin Wall within months, ever since the world has been drastically altered economically. The collapse of the Soviet Union in 1991 was part of this process. That was not a CIA plot, but the unraveling of the Marxist Era. We should witness dramatic political and economic changes going into 2020.05. The bottom of the ECM 2020.05 will also be 31.4 years from the start of the fall of Communism that should culminate in the final stages of the collapse of Socialism. This is part of the cause of BIG BANG that will become focused most intensely between 2015.75 and 2020.05.”
December 28, 2014
I think the collapse in the confidence of governments has been indeed the pronounced characteristic of this 4.3 year part of the wave. The European and Japanese Bond markets have been destroyed. Both governments are on life support. I think we have some very serious sovereign debt problems and we are looking at that on the state and municipal levels. Why would someone claim we have been wrong and misrepresent that there is no sovereign debt crisis? It certainly seems that they are spreading propaganda to help keep the banks and governments in play.
Socialism is making a major play to win the 2020 elections here in the States. We have an obvious coup unfolding against Trump carried out by the CIA, FBI, and NSA. This target is 31.4 years from the START of the fall of Communism. It is the START of this trend in Western Society NOT THE END!!!!!!! The 2020 election in the USA will be the most contentious since the 1960s and we should expect a rise in civil unrest. It will turn into a major political battle at the peak of the next wave – 2024.
They simply try to assume this is my personal opinion and they are incapable of looking at the global economy and how it is all connected. Focusing on a single component blinds them from seeing the whole.
I fully appreciate we can bring legal action against them and have sent that question to our lawyers.
Instead of apologizing for his bad calls on govenment bonds, he's just doubling down on his bullshit.
The fact of the matter is that government bond yields of practically every western country (including Greece, Italy etc.) went down and made new lows from ECM 2015 turning point into the ECM 2020 turning point. Exactly the opposite of what Armstrong said about interest rates going higher! Even when the ECB and Fed stopped with QE, the free markets gave bigger trusts in governments.
Also, after Russia entered Syria, Russia (a government), the Syrian regime (a government) and the US (a government) destroyed the ISIS khaliphate, proving that goverments can actually be very capable of accomplishing their goals. Exactly the opposite of what Armstrong has been arguing!
Now Armstrong says that local governments like Chicago are a financial failure. But that has been the case for decades. It doesn't seem to undermine the overal national economies or stock markets, or government bond markets, and not at all causing the sovereign debt crisis what Armstrong predicted. Not sure why he is so obsessed with small local governments. On permabear-site Zerohedge they also whine endlessly about this.
Another thing would be the endless bickering of Armstrong about "ECB destroyed the European bond market". Well, when the ECB didn't do QE we saw in 2012 what happened: yields on Italian, Greek etc bonds went through the roof. That was a destruction of the European bond market. But when the ECB does QE and controls the rates better Armstrong also says the European bond market is destroyed. He wins the argument anyways, because he got both sides covered. How convenient.