Join Us at the 2023 World Economic Conference in Orlando, Florida!

? Dates: November 17, 18, and 19 ? Location: Orlando, Florida, USA (or tune in from home with our virtual ticket options)

Are you ready to unlock the future of economics and finance? Prepare for an unforgettable World Economic Conference experience in sunny Orlando, Florida! This premier event is your gateway to insights, networking, and valuable resources that will supercharge your understanding of the global economy.

?️ What’s Included for In-Person Attendees:

1. Event Admission: Enjoy reserved seating assigned based on the order of ticket sales, ensuring you have a prime view of every presentation.
2. Presentation Slides: Gain access to the presentation slides from all speakers, allowing you to delve deeper into the topics discussed.
3. Video Recording: Can’t make it to a session? No worries! You’ll receive access to video recordings of all conference presentations, so you can catch up at your convenience.
4. WEC Event App: Connect with the conference on a whole new level. Access presentation slides, bonus reports, recordings, and more via the official WEC Event App.
5. Bonus Conference Materials: Get a package of bonus conference-related materials, including exclusive bonus reports and videos (as provided by Martin Armstrong).
6. Morning Information Sessions: Don’t miss out on important morning information sessions, screened on-site in the meeting room on Saturday and Sunday.
7. Networking Opportunities: Exclusive access to the Event App Networking Feature allows you to connect with fellow attendees, both in-person and virtual, fostering valuable professional relationships.
8. Culinary Delights: Savor delicious breakfast and lunch on Saturday and Sunday, prepared to keep you energized throughout the day.
9. Cocktail Reception: Kick off the conference in style at our Friday evening cocktail reception. Meet and mingle with fellow attendees while enjoying refreshing drinks.
10. Swag Bag: As a token of our appreciation, each in-person attendee will receive a swag bag filled with goodies, including an Armstrong Economics notebook, pen, and an event collector’s mug!

Unable to travel? We also have two different ticket options for those wishing to attend virtually! 

Don’t miss this opportunity to be part of a global gathering of economic and financial minds. Secure your spot at the World Economic Conference in Orlando, Florida, and gain the knowledge, connections, and resources you need to thrive in the world of finance and economics.

Space is limited, so act now and reserve your seat! Visit our Events page to register and join us in sunny Orlando this November.

Now available at all major retailers!

The eBook will be available shortly.

The second edition of “The Plot to Seize Russia – The Untold History” is now available for purchase in paperback and hardcover on Amazon and Barnes and Noble. The ebook will be available shortly.

Book description:

“Take care of Russia,” Boris Yeltsin said as he departed his presidency in August 1999. These words were directed at current Russian president, Vladimir Putin. Yeltsin specifically picked Putin as his predecessor to prevent the takeover of Russia.

So, who was Yeltsin warning against? Newly declassified documents from the Clinton Administration prove that there was a plot to rig the Russian election of 2000. These never-before-seen documents confirm numerous attempts to implement pro-Western policies using the Russian oligarchy headed by Boris Berezovsky.

On the other side were the communists who desired a return to the glory days of the Soviet Union. As one of the largest international hedge fund managers, author Martin Armstrong found himself in the middle of perhaps the greatest espionage, or attempt at a regime change for Russia, in modern history.

The Plot to Seize Russia pulls back the curtain to expose the most extraordinary attempt to seize power in modern history, but with the pen rather than armies. These declassified documents reveal a plot that has altered our thinking about the relations between the United States and Russia. The thirst for power comes seething through every line of these papers that alter our perception of reality, change the course of history, and now threaten us with World War III.

PRIVATE BLOG – Gold into the Eye of the Storm

Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.

https://ask-socrates.com/

QUESTION: Mr. Armstrong, our board has reviewed your forecasts for the past year against 3 others that our firm took. You were the only one correct. All others seem to be just personal opinions that got caught up in the crash scenario. Your forecast for the metals, which is our industry, was correct with the pullback into May when everyone else was calling for a stock market crash and a metals rally. I understand they call you the legend. I also understand that you will hold a special session for the Next Generation. I would like very much to bring my children. Do you have any idea when this will take place?

PD

ANSWER: We are shooting for Tampa on July 25th. We are waiting for the hotel to confirm. We will be posting the tickets soon. I have always had to defend against the presumption that I have too much influence, and that is why the markets perform as forecast. That stems from a fundamental misunderstanding of how the economy functions, and it all goes back to Marx, who proposed that the government has the power to control the economy, a view supported by Keynes. Therefore, I have been judged by that perception because they do not want to hear that cycles exist, since that would mean the government cannot control the economy, which invalidates central bank policy. This is NEVER my opinion. My errors are not in that category; they are my misreading the computer, which I have always said Socrates has beaten me every time.

Those who have been calling for the collapse of the stock market, as in 1929, base everything on chart patterns and completely fail to grasp that we live in a world economy and that everything is connected. That will be a special report I am doing for the Next Generation conference.

I will do a Metals Update on the Private Blog

Turkey did not sell off its US Treasury holdings because Erdogan suddenly discovered some brilliant new economic strategy. This is what governments do when the pressure begins to rise and the walls start closing in. The latest TIC data showed Turkey’s long-term US Treasury holdings collapsed from roughly $11.1 billion in February to about $839 million in March. That is not normal portfolio management. That is a sign of stress.

I have warned that Turkey is one of the key geopolitical pressure points because it sits between East and West, Europe and Asia, NATO and the Islamic world. Everyone pretends Turkey is just another emerging market, but that is absurd. Turkey controls the Bosporus, it borders the Middle East, it has one of the largest militaries in NATO, and Erdogan has long tried to position himself as the leader of a revived Ottoman sphere. This is why Turkey matters far beyond the lira.

The Iran crisis has exposed the weakness. Turkey imports energy. When war sends energy prices higher, inflation returns immediately through the back door. Inflation is already above 32%, the central bank has held rates at 37%, and now the market is talking about rates going to 40%. That is not strength. That is a government fighting a currency crisis with interest rates while pretending everything is stable.

The debt crisis is not simply about government debt-to-GDP ratios. That is the nonsense economists use when they want to ignore capital flows. Turkey’s problem is external vulnerability, inflation, reserve pressure, foreign capital dependence, and the rising cost of rolling debt in a world where capital is no longer blindly funding everyone. ING estimated Turkey’s gross borrowing needs could rise more than 62% this year to TRY 6.382 trillion, driven by redemptions and higher debt costs. That is the debt crisis in motion.

Turkey sees the US and Israel as a joint entity now. As I repeatedly warned, nations do not buy the debt of their enemies. Turkey vehemently opposed Israel’s demolition of Gaza and it matters not that the US is a NATO “ally.” In an Eid holiday speech, Erdogan predicted that Turkey would rise as “one of the shining stars of the new era,” adding that the nation will restore peace to the region. “With defence and aerospace exports rising from $248 million to more than $10 billion, Türkiye is writing a rare success story in the world,” he added. Erdogan sees the conflict as an opportunity to achieve his long-standing dream of reviving the glory of the Ottoman Empire.

This is how sovereign debt crises begin. It is not one dramatic headline. It is a sequence. First the currency weakens. Then reserves are burned defending it. Then inflation returns. Then rates rise. Then the government must issue more debt at higher costs. Then foreign capital becomes nervous. Then the politicians blame speculators, foreigners, oil, war, or anyone except themselves.

Turkey selling Treasuries is part of the same global trend I have warned about. The world is no longer treating US debt as the unquestioned foundation of the monetary system. Foreign governments are looking at Washington, the war cycle, sanctions, deficits, and political instability, and they are beginning to diversify. Some are forced to sell because they need dollars. Others are selling because they no longer trust the system. Either way, the message is the same.

Turkey’s Treasury dump is another warning that the world monetary system is fracturing, and the fools in government still think they can borrow forever, manipulate rates forever, and drag the world into war without consequence.

Congress is pushing nationwide year-round E15 gasoline because they are worried about fuel supply disruptions and soaring prices as the war cycle intensifies. They call it “consumer choice” and “energy independence,” but when you strip away the political marketing, what they are really doing is diluting the fuel supply because they are terrified of shortages and price spikes.

The House just passed H.R. 1346, the Nationwide Consumer and Fuel Retailer Choice Act, by a vote of 218-203. The bill would permanently allow year-round sales of E15 gasoline nationwide. E15 is gasoline blended with 15% ethanol instead of the standard 10%. Congress and the EPA are presenting this as some patriotic victory for farmers and consumers while pretending Americans are not noticing what is really taking place.

The government keeps saying E15 lowers prices at the pump. Of course, it does on paper. You are blending more ethanol into the fuel supply. Ethanol contains less energy per gallon than pure gasoline. That means your mileage declines and your tank empties faster. People end up buying more fuel more often while politicians brag that prices “fell” a few cents per gallon. Americans are paying more for less while Washington pretends this is economic progress.

The EPA openly admitted the purpose behind the emergency waivers was to “prevent disruption in America’s fuel supply” as the Iran war pushed energy markets into panic. They are not doing this because the economy is strong. They are doing this because they are worried about supply itself.

“President Trump is unleashing American Energy Dominance, and today’s action will directly lower prices at the pump and gives a clear demand signal to our domestic biofuels producers. Allowing the summer sale of E-15 will provide drivers more options at the pump, and deliver a bigger domestic market for American farmers,” said U.S. Secretary of Agriculture Brooke L. Rollins. The government is congratulating itself for putting lipstick on a pig. Trump spent years condemning Biden’s energy policies that led to elevated prices for different reasons. Washington does not want voters to look at an $ 8-per-gallon situation and suddenly realize that government policy has failed yet again because politicians continually act in their own self-interest while jeopardizing the entire country. The people always suffer when government instigates war. Quite unfortunate as Trump promised to keep America out of the Middle East, but somewhere along the way he morphed from a businessman into a politician. Human nature is consistent.

Governments dilute and stretch what they can at the beginning of a crisis. They lower standards quietly while telling the public everything is under control. You see it in currencies, banking, food quality, and now fuel. The objective is always the same: make a limited supply appear larger. Could this improve consumer sentiment regarding energy? People are still going to pay more at the pump. The end result is higher prices which equates to angry and fearful consumers. It is absolutely insulting for our overlords to question our intelligence in this manner. They genuinely believe we are too stupid to notice.

The EPA’s own regulatory structure restricted E15 during the summer months for years because higher volatility contributes to ozone and smog formation in hot temperatures. Suddenly now, in the middle of a geopolitical crisis and rising energy fears, all those concerns become “flexible.” Rules always change the moment governments become desperate.

This is why I have warned that inflation was never transitory. Once war enters the equation, inflation becomes structural because war attacks supply itself. You cannot print oil. You cannot print refining capacity. You cannot print stability in the Middle East. So instead governments begin blending, waiving, extending, subsidizing, and manipulating statistics while pretending they solved the problem.

The frightening part is that this is likely only the beginning. The government claims the measure is temporary, but in all likelihood, the measure will become a new norm that the public is forced to accept. Europe is already discussing energy controls openly. Once shortages deepen, politicians always shift from “consumer choice” to outright management of consumption itself.

Washington knows the energy situation is fragile. They cannot allow energy prices to reflect real scarcity because the debt structure would implode under the pressure. So instead they dilute the product and hope the public does not notice.

There was a time when people could still speak privately. You could sit across from a therapist, talk about your marriage falling apart, your depression, your fears, your finances, or the darkest moments of your life believing those conversations would remain between two human beings. That world is dying rapidly because everything now must be digitized, stored, analyzed, and monetized.

A woman using the therapy app Talkspace discovered that transcripts from her therapy sessions ended up being produced in court during litigation involving her former employer. Let that sink in for a moment. These were not vague notes scribbled down by a therapist. These were detailed digital records discussing her personal life, emotional state, relationships, and finances. The machine remembered everything.

This is what society has become. They tell people to seek help, open up, trust the system, use the apps, go digital, and then they quietly turn human vulnerability into searchable data.

People still fail to understand the danger because they continue believing these technology companies are merely offering services. They are not. They are harvesting human behavior at industrial scale. Every click, every message, every location, every search, every emotional breakdown becomes data to be stored forever.

Talkspace executives reportedly bragged to investors about building one of the largest mental health data banks in existence containing roughly 140 million exchanges between patients and therapists. Human suffering itself is now an asset class. Depression has become data. Trauma has become machine learning material. Your private thoughts are now inventory sitting on corporate servers.

When someone went to therapy, the therapist might keep handwritten notes locked away in a cabinet somewhere. Those notes were incomplete, temporary, and human. Today every word can be transcribed, archived, searched, copied, subpoenaed, breached, or fed into artificial intelligence systems. The conversation never dies because the machine never forgets. And people wonder why society feels colder and less human.

What happens when people realize their darkest thoughts may someday appear in court? What happens when employers, insurance companies, governments, or AI systems can gain access to deeply personal psychological information? You destroy trust itself. People stop speaking honestly. They stop trusting institutions. They begin living cautiously because they know every word may someday be weaponized against them.

This is where the entire digital age has been heading from the start. First they harvested shopping habits. Then browsing history. Then location data. Then biometrics. Now they are harvesting the individual’s inner psychological life. Nothing is sacred anymore because everything has a price.

There was another report recently where therapy videos, transcripts, and more than 1.7 million patient activity logs were exposed online through an unsecured database tied to a virtual mental health company. Millions of deeply personal records sitting exposed because the modern world insists on centralizing every aspect of human life into digital systems vulnerable to leaks, hacks, subpoenas, and surveillance.

The disturbing part is that this is only the beginning. Artificial intelligence systems are now being trained to analyze emotion, stress, vulnerability, behavior, and psychological patterns. The machine is learning how humans think at their weakest moments. Once enough data exists, the system can begin predicting behavior itself.

People laugh when I warn about this because they still imagine surveillance as old men listening to phone calls in some government building. That is obsolete. The new system is far more dangerous because people voluntarily feed it every day through apps, subscriptions, loyalty programs, therapy platforms, fitness trackers, smart devices, and social media.

The system knows where you go, what you buy, what you fear, what depresses you, what excites you, who you love, how much money you have, what medications you take, and increasingly how emotionally stable you are.

That is power beyond anything governments possessed historically, and once that information becomes centralized, it will eventually be abused because history has demonstrated repeatedly that systems built for convenience inevitably become systems of control.

COMMENT: I love my country. What if Russia and Iran are coordinating an exacerbation of a two front war against “West”? Russia just warned embassies in Kiev to evacuate, signaling upcoming intensification. Iran just goaded US into firing missiles when MoU was near signing. Xi met with Putin right after Trump’s visit, and per news, Chinese and Iranian foreign ministries continue to communicate.

What if the plan was to exacerbate wars on two fronts, with Xi and the Chinese sharing insights gleaned from Trump’s visits? If so, they are playing Trump and hubris like a fiddle. I could have only come up with this theory because you have been pounding the table about this possibility first.

Can you share this, at least to get folks to have an open mind? To me, it’s not about Trump. I just don’t want us to be so foolish, and love him or hate him, there’s a overall reason why all of us would want to avoid any such foolishness?

JN

REPLY: I have expressed my concern, but it seems as if their eyes glaze over, and they simply think that they will win because they have the most sophisticated military. But we spend over $1 million to shoot down a $30,000 drone. To make matters worse, it takes years to replace what was already used against Iran. I have stated before that if I were on the opposite side of the table, I would use Iran to drain the resources, Russia then seriously attacks Ukraine, not just the Donbas, North Korea invades the South, and China invades Taiwan. There is no possible way to defend on four fronts.

Macron went to Xi BEFORE Trump and said the EU will NOT support Iran or Taiwan. So you saw Trump say after his meeting, he recommended the chip maker move to the USA. Trump is trying to cut his losses in Iran and strike a deal to justify exiting, while Israel has said none of the original goals were achieved, and they will act in their own self-interest.

The Neocons are a threat not just to American National Security, but to the entire world. They start wars with NO exit strategy. They presume we will win and NEVER have any strategy whatsoever. In Iraq, they simply focused on removing Saddam. They had ZERO analysis or strategy for what came next.

People like Dick Cheney took us into Iraq with ZERO strategy. It was not a matter of weeks; it was 8 years. We saw the same flawed ideas with Vietnam.

Robert McNamara (1916 – 2009) was a leading Neocon who pushed the country into the Vietnam War.  He was famous for saying, “I learned early on never to answer the question that is asked of you. Answer the question that you wish had been asked of you. And quite frankly, I follow that rule. It’s a very good rule.”

Before he died, he finally admitted that they were wrong, particularly in their assessment of Russia as a threat. The perception of Russia as a threat still dominates the agenda today. The propaganda that Putin is a KGB guy who wants to re-establish the Soviet Empire is absurd. In the 22 years that he has been in power, he has neither tried to re-establish communism nor has he sought to retake the old Soviet states like Poland, the Czech Republic, or even Ukraine. The same claims today about Russia are the very same ones that justified Vietnam. The Vietnam War lasted from November 1, 1955, to April 30, 1975, totaling approximately 19 years and 5 months.

Iran has been Netanyahu’s war, and he suckered the USA into once again funding his endless agenda. He said the same thing about Iraq when he testified before Congress in 2002. This Iran war is a religious war for which there is no long-term solution. Israel and Iran will simply have to fight it out in a cage match, for nobody seems willing to live in peace.

Iranian leader Mojtaba Khamenei issued a message on May 26 calling for greater unity across the Muslim world against the United States and Israel, saying that the chants “Death to America” and “Death to Israel” will become the rallying slogans of Muslims and “the oppressed of the world.”

World War II (1942-1945) cost 84% on average budget annually. The Cold War Era (late 1980s) cost 28-30% annually. A preliminary assessment is that more than 50% of the National Debt has been used to fund Neocon wars, with the constant interest payments keeping the debt rolling. The latest projection just for the 55,000 American troops involved in Iran, with the future medical care and disability benefits for these veterans over the next 30 years, is projected to be a major driver of the potential $1 trillion total cost.

The official figure does not yet fully account for this replacement gap on weapons already used. Beyond direct government spending, the war has also imposed broader costs on the U.S. economy. Even UBER already costs are up about 25% on average. Nobody seems to understand that these endless wars raise the national debt, and then those in Congress raise taxes to pay for the escalating debt.

The conflict has disrupted global oil supplies, pushing the average price of gasoline in the U.S. to $4.23 per gallon in late April 2026, a 40% increase from before the war. Plus, diesel and jet fuel are impacting travel and fishing costs. This war will add significantly to the U.S. national debt, with costs not simply passed on to future generations of Americans; it will result in higher taxes, especially when Democrats get control.

To determine how long it will take for the U.S. national debt to double due to interest alone (i.e., with no new borrowing and no principal repayment), we can use the Rule of 72. The Rule of 72 is a simplified formula that estimates the number of years required to double an investment (or debt) at a fixed annual rate of return (or interest rate) of 5.1% will be 14 years. That is just the interest alone!

The real enemy of government is not Russia, China, Iran, or whoever is next. It is the Neocons and their endless wars with no STRATEGY and no intention of ever paying off any debt whatsoever. They are the real threat to the United States, and nobody even looks at this crisis.

NEW: WE WILL SHOW YOU HOW TO PLOT CHARTS WITH THE SOCRATES PLATFORM CHART TOOLS!

Markets are no longer moving on headlines alone. Volatility has become structural. Traders are being blindsided by violent reversals, geopolitical shocks, capital concentration, algorithmic momentum, and panic cycles that traditional technical analysis simply cannot explain.

That is precisely why our next Advanced Trading Webinar is focused on the practical use of Reversals and Arrays in real-time market conditions.

Q3 / 26 Advanced Use of Reversals and Arrays for Trading
July 10–11, 2026

This is not a beginner webinar. This training is designed for traders, investors, and market participants who want to understand how to identify key turning points, directional changes, panic cycles, and market structure using the same concepts Martin Armstrong has developed over decades of market forecasting.

Participants will learn how to interpret and apply Reversals and Arrays across multiple markets and time frames while gaining a deeper understanding of trend shifts, capital flows, and volatility behavior during periods of global uncertainty.

The previous Advanced Trading sessions sold out due to overwhelming demand. As volatility continues rising globally into this next phase of the cycle, traders are increasingly searching for tools capable of navigating markets that no longer behave according to conventional models.

This is an educational experience built for serious market participants who want to sharpen their understanding of timing, structure, and market behavior heading into what is shaping up to be one of the most volatile periods of the decade. Secure your seat today: https://armstronginternational.ticketspice.com/q3-26-advanced-use-of-reversals-and-arrays-for-trading

The timing of this upcoming ECM webinar could not be more important. We are heading directly into a major ECM turning point immediately following the webinar date itself, and understanding how the Economic Confidence Model functions has never been more critical for investors, traders, business owners, and anyone trying to navigate the chaos unfolding globally.

Q2 / 26 Understanding the Economic Confidence Model
June 30, 2026

Martin Armstrong’s Economic Confidence Model has been tracking global turning points for decades, forecasting shifts in markets, sovereign debt crises, geopolitical instability, and capital flows long before the mainstream even recognized the trend. This is not a theory taught in universities, yet. This is the model that identified major turning points from 1987 to 1998, 2007, the European sovereign debt crisis, and the global shifts we are witnessing today.

This webinar is designed for those who want to truly understand how the ECM functions, how turning points are identified, why confidence moves globally between public and private assets, and how cyclical trends shape everything from interest rates to war and civil unrest.

With a critical ECM turning point arriving immediately after this webinar, the timing alone makes this event extraordinarily important. Understanding the cycle before the move matters far more than reacting afterward.

Seats are limited. These webinars continue to attract participants from around the world as confidence in governments, central banks, and traditional forecasting models continues to collapse. Secure your seat today: https://armstronginternational.ticketspice.com/q2-26-understanding-the-economic-confidence-model

Consumer sentiment has fallen to the lowest level ever recorded since the University of Michigan began tracking the data in 1952. The index declined to 44.8 in May as Americans increasingly fear inflation, rising fuel costs, and economic instability tied directly to the expanding conflict with Iran. This is precisely how stagflation unfolds historically. War drives commodity prices higher, governments increase spending, central banks become trapped, and the population loses confidence in the future.

The political class always pretends inflation is some mysterious event. Anyone could have seen this coming. Inflation rises during periods of war and geopolitical instability because energy is the foundation of the global economy. Once oil rises sharply, transportation costs increase, manufacturing costs increase, fertilizer costs increase, food prices rise, and the entire economy begins repricing itself higher.

Americans are already seeing gasoline prices move sharply upward with analysts warning that $5 gasoline is becoming increasingly possible if instability surrounding the Strait of Hormuz continues. Roughly 20% of the world’s oil supply moves through that corridor. Reports estimate Americans have already spent tens of billions more on fuel costs since the conflict escalated. We entered into the Memorial Day Weekend with gas at a four-year high and the public is now worried that this price hike is anything but temporary. Remember that most of the public does not the know the details of the ongoing geopolitical and economic turmoil. All they know is what they see when they go to spend.

This is becoming dangerous psychologically because inflation expectations are now rising again. Once the population begins believing inflation will remain permanently elevated, confidence collapses. Workers demand higher wages simply to survive while businesses raise prices preemptively in anticipation of future cost increases. Governments then blame corporations while refusing to acknowledge that war itself is inflationary by nature.

The Economic Confidence Model has warned repeatedly that the period into 2027 would become increasingly unstable globally. Europe is already moving toward economic contraction as energy shortages and war spending weaken industrial competitiveness. Sovereign debt levels continue rising worldwide while governments simultaneously increase military expenditures. Historically, these conditions produce declining confidence in government itself.

The average person no longer believes policymakers have control of the situation. They see rising living costs, unaffordable housing, expanding geopolitical conflict, and governments continuously funding war while domestic economic conditions deteriorate. Financial markets may remain elevated because capital continues concentrating into large institutions and government-supported sectors, but the underlying population is increasingly under pressure.

CONFIDENCE collapses before economies do. Once public trust begins breaking down, political instability follows shortly afterward. That is why these numbers are far more important than most analysts currently understand. Consumer sentiment is not merely a survey. It measures confidence in the future itself, and people no longer believe the future improves from here. They see endless war, endless debt, collapsing affordability, and politicians completely detached from reality.