Below is an email doing the rounds direct from Armstrong Events team. Curiously, the email has an address on it:
AE Global Solutions, Inc. | 300 Delaware Ave. Suite 210,Wilmington,DE,USA,19801Which is... A virtual office:
https://www.davincivirtual.com/loc/us/delaware/wilmington-virtual-offices/facility-1929And yet MA only the other day mentioned:
As I have said, we have 3 offices in Asia and clients on every side of this issue with questions.https://www.armstrongeconomics.com/world-news/taxes/cold-the-great-migration/This narrative seems to get more mentions nearer WECs, perhaps so it sounds like
AE GS Inc. is a much bigger organisation than an ageing one-man-band, living out of a reasonably sized home in FL, with a network of virtual offices and everything else outsourced.
WEC Email:
"I have never witnessed such complete disruption to the world economy on a massive scale of this nature. This is going to be a challenge to survive."- Martin A. ArmstrongThe Armstrong computer model correctly forecast that a liquidity crisis would begin in September, and right on schedule. In the early hours of September 17, the repo rate jumped 500%. The Fed is now threatening to take over the market after injecting over half a trillion dollars. And the liquidity problem is not going away. Even after injecting over $500 billion, the Fed will continue to inject upwards of $76 billion a day at least until November 4. The EU has rejected Boris Johnson’s most recent Brexit offer, which increases the chance of “no deal” by the October 31st deadline. On Tuesday, the new head of the IMF, Kristalina Georgieva, warned to get ready for a serious global economic downturn. And of course, the latest Trump impeachment battle is heating up. This is just part of the backdrop as we head into the next major turning point on the Economic Confidence Model in January, 2020. At the world Economic Conference in Orlando our models will tell you what’s coming next, how to prepare and how to profit as we enter the next stage of the Monetary Crisis in 2021/2022.“Markets are going to push every emotional button we have…Only the objectivity of the Socrates Model can help us navigate this unprecedented period."There are only 32 seats left to the most important event of the year -- the World Economic Conference in Orlando, FL (Oct. 25-26).
The contentious sentence is the email opener:
The Armstrong computer model correctly forecast that a liquidity crisis would begin in September, and right on schedule. In the early hours of September 17, the repo rate jumped 500%.And yet checking the turning points, there is nothing for 2019:
https://www.armstrongeconomics.com/models/historical-turning-points-economic-confidence-model-6000bc-2072ad/And I can find no historic citations on his blog about this "correct" forecast that was "right on schedule" -
until after the event had happened. That seems to be a recurring theme with MA. Claiming he "predicted" something, but only after the event has happened. Examples of that stretch back at least as far back as his writings from jail. It would be safe to assume his much older forecasts used exactly the same trick.
In fact, what I did find was this:
https://www.armstrongeconomics.com/products_services/socrates/liquidity-crisis/Take a look, it actually made me laugh.
There is a picture of Socrates
Verbal Inquiry Facility where MA appears to have typed in a misspelt question. Then Socrates - presumably using the now debunked claim that IBM Sequoia is
crunching the numbers - spits out some inane statement that isn't even actionable.
The system then appears to have three buttons, one of which is "execute". What does that do exactly? Print it out onto some paper?...
Unfortunately, as the years go by, the guy appear to be even more of a complete fraud. It is just sugar coated because he does have reasonable knowledge of global socioeconomics, human behaviour and the monetary system.
He knows nothing more than any other analyst. His AI computer system does not exist. 2020.05 will come to pass... And like 2015.75, nothing will happen.
Other than hoodwinking more people out thousands of dollars for 250 page PDFs that contain 249 pages of historical ramblings and one page of opinions, with nothing actionable... And WECs, which are an elaborate presentation of his blog content that he laughably refers to as the "alternative to Davos"!
I also find it very curious that something as major as Brexit - quite possibly the greatest political crisis in the UK since the 1600s - gets barely any mention or even a
Socrates prediction about what might happen. Socrates never forecast the Brexit delay of 31 Mar 2019, nor the likely delay beyond 31 October 2019. If the UK does leave the EU, it will have vast ramifications for the future of the EU and even the US. But instead, he (or "Socrates") constantly focuses on the euro and ECB to extreme hysteria. I thought Socrates knew everything and could forecast everything?
The only useful application for such a bogus system is extracting money out of the gullible that keeps MA tidy in semi-retirement.