Forecasting The Future Based On The Past | Armstrong Economics

COMMENT #1: I used to be there at your 2011 WEC. I used to be dragged alongside by a good friend. I bear in mind nicely your forecast for warfare beginning in 2014 and your forecast that the Dow would go to 40,000. I believed you have been loopy. I wager my good friend $100 you’d be flawed. I needed to pay up. Right here we’re at 40,000 and the Ukraine warfare began in 2014. I’ve to confess, I now see why establishments line up at your door and the federal government wished your mannequin.

You’re a reward to mankind once we want readability greater than ever.

Thanks. It was the perfect wager I ever misplaced.

EP

COMMENT #2: everybody thought you have been loopy years in the past if you stated dow 40000–right here we’re. all of it got here true.

COMMENT #3: You’re the solely analyst who’s constant. I admire it isn’t your private opinion like everybody else. That forecast the Dow would attain 40,000 is right here and so is the warfare.

Keep protected. My complete household now listens to you.

HW

That each one set the stage for this journey I’ve been on, which I by no means got down to accomplish. Nonetheless, due to that worldview instilled in me by my father, I noticed the world of finance, and that 1964 journey taught me, shifting from one present to the following, that my dwelling forex was actually a psychological language of worth. I must hearken to the value in no matter forex after which convert that in my head again to {dollars}. Solely then might I rationalize if it was a good value or not.

Visiting jail cell of Athens

Thus, I designed Socrates to have a look at the world and decide who will do what, for everybody will make a judgment name based mostly upon their dwelling forex, which is a language of worth of their head. Right here, you’ll be able to see how the identical market seems in another way relying in your forex. I selected the identify Socrates as a result of he was actually accused of understanding an excessive amount of. They put him on trial for influencing the youth and executed him for sharing that information.

All of that set me on the trail to the place I’m right this moment, but it surely additionally taught me a lesson that opinions aren’t the best way to forecast. I in all probability have extra expertise than most. I’ve been to White Home dinners, been on a board of a financial institution, met with board members of IMF and heads of state, addressed boards of the biggest banks internationally, been a global hedge fund supervisor, and been known as in by so many central banks in addition to testified earlier than Congress and been known as in for almost each monetary disaster all over the world. That’s simply the shortlist.

As a result of I specialised in forex, that has put me in the course of virtually every part for the reason that Nineteen Seventies.  Foreign money was the mover and shakers behind the politics of the world. It was excess of merely buying and selling purchase right here and promote there. It’s why the CFTC had even subpoenaed me, demanding an inventory of all my shoppers worldwide so they might show I manipulated the world as a result of I used to be too influential of their view. I defended in courtroom and gained. They have been all the time searching for to close down the forecasting.

Historical past repeats as a result of humanity by no means learns. These individuals who push for warfare don’t have any finish recreation. No person ever appears to ask – what comes subsequent. They took down Saddam Hussein and by no means as soon as requested: What would occur for those who overthrew a authorities?

They’re doing that once more with Russia. Victoria Nuland is very harmful. She personally hates Russians, and no one has a view of what would occur for those who overthrew the Russian authorities. Would you then have nukes on the market on the black market?

I’ve been backstage. I’ve by no means witnessed such evil and incompetent individuals in cost. I suppose that is crucial as we head into 2032. I wish to stress that these forecasts are NOT my opinion. They don’t seem to be based mostly on something aside from the uncooked economics and capital flows. They don’t seem to be based mostly on spiritual philosophy, nor did I introduce astrology. They’re the target view of the pc, the ONLY totally functioning AI system on this planet monitoring the worldwide economic system with a monitor document of almost 50 years.

Sure, persons are saying I ought to float it now. It will be value a whole bunch of billions. I don’t have the time or the power to take that on now, and I’ve greater than sufficient to assist me till Scotty beams me up. No person respectful has been beating down my door who would preserve my dream to make sure it helps the world – not a small WEF billionaire click on.