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.

The US workforce saw a brief bump in hiring this October, coupled with a steep rise in firings. The Bureau of Labor Statistics will likely not publish job data again this year due to the government shutdown. The Federal Reserve’s preferred gauge of the US workforce is unavailable, but what we do have is independent data from the ADP and Challenger, Gray & Christmas.

On one side, the private sector scored its first notable month of hirings since July 2025. The ADP estimates that employers brought on 42,000 new employees last month, exceeding expectations. Mega corporations led in new hires for the month. Trade, transportation, and utilities added 47,000 new jobs, followed by education and health care at 25,000. Professional business services experienced a 15,000 loss, information positions were cut by 17,000, and leisure and hospitality shed 5,000 jobs.

Pay increased at a 4.5% annual rate. Some see the ADP data as promising, considering the 29,000 positions lost in September.

However, Challenger, Gray & Christmas found that firings in October peaked at a 22-year high. Job cuts for the month surged 183% from September to 153,074, also marking a 175% annual rise. This is the highest reading for layoffs in October since 2003. The agency found that 2025 has seen the steepest layoffs since the Great Recession era of 2009.

“Like in 2003, a disruptive technology is changing the landscape,” said Andy Challenger, workplace expert and chief revenue officer at the firm. “At a time when job creation is at its lowest point in years, the optics of announcing layoffs in the fourth quarter are particularly unfavorable.”

Nonprofit agencies shed 27,651, a 419% annual rise. The agency reported that 27,651 jobs in the tech sector, an area that is rapidly shrinking, with total layoffs coming in six times higher than in September.

AI replacement is fueling the workforce contraction that was ignited by a loss of confidence. Lower rates did not entice companies to expand their workforce last month, as they see no growth in the future. Companies will continue to replace jobs with AI or outsource to India where possible. Cities requiring a high minimum wage will begin moving to AI immediately.

There have been over 1.1 million layoffs in 2025, a 65% increase from the same time period in 2024. The economy has not seen such a “softening” since the world shutdown in 2020. Our computer models indicate that this is, unfortunately, the beginning of a trend, and we will see companies continue to downsize in 2026.

American household debt has reached a new all-time high after rising by $197 billion in Q3 to $18.59 trillion. American consumers, the breadbasket of the national economy, are overleveraged. The economy is less likely to absorb shocks from trade disruptions or shifting interest rates.

Two-thirds of US GDP is based on consumer spending. Trade was bountiful in this consumer economy as other nations lined up to sell to the American consumers. Manufacturing was once a strong point, but it has since flattened, now in an eight-month consecutive contraction. Government, institutions, businesses, and now the consumer are drowning in debt—confidence in the future has vanished.

The situation is dire, multiplying in scope since the pandemic. Overall debt has spiked $4.4 trillion since the end of 2019. Mortgage balances have reached $13.07 trillion, up $137 billion from last quarter. People are holding onto their pandemic-era mortgage rates for dear life. The over-asking price bidding wars are over as real estate is firmly in a buyers’ market. The younger generation cannot enter the housing market.

Student loan debt is now calculated in overall household debt. Millions believed the last administration’s promise that their debt would be forgiven. Student loan debt reached a record high of $1.65 trillion, rising $15 billion from last quarter. Nearly 10% of all student debt has been reported as 90 days delinquent.

Credit card balances went up $24 billion in Q3 to $1.23 trillion. Interest and principal may be flowing from households to banks and financial institutions, for now, but the softening labor market indicates that delinquencies will continue to rise.

Debt servicing costs will rise as lenders aim to offset any additional losses. Consumer spending has been steady broadly speaking but consumers are spending more on less. With the U.S. consumer heavily leveraged, the capacity to absorb shocks from trade disruptions, rising interest rates, or global capital shifts is reduced. If the American consumer hurts, the entire economy feels the pain.

Iran has put on display a statue of the famous relief of the Roman Emperor Valerian begging for his life after being defeated and captured. They are resurrecting this Historical Event to show that Iran defeated even the Roman Empire and it will Prevail Against the West Once Again

I have written about how in 260AD, Emperor Valerian (253-260AD) led the Roman army against the Sassanian Persian Empire, ruled by King Shapur I. At the Battle of Edessa, the Roman army was decisively defeated, and Valerian was taken prisoner. This was an unprecedented and catastrophic event—a Roman Emperor had been captured alive on the battlefield. That was the first time in history. That set off a financial panic.

When Valerian was captured and Rome could not rescue him, the confidence in the Empire began to collapse. People were even suddenly skeptical about accepting Roman coins. Would they still be worth anything since they were valued over and above their actual metal content?

A document from Egypt has survived illustrating the financial crisis that was unleashed. It is from Aurelius Ptolemaeus who is the strategus of the Oxyrhynchitenome. The public officials gathered and accused the bankers of closing their doors on account of their unwillingness to accept the divine coins of the Emperors. It became necessary that an order had to be issued to all the owners of the banks directing them to open and accept and exchange all coins except the absolutely spurious and counterfeit. It was also directed that all who engaged in business transactions who refused to comply would be penalized. (POxy 1411 260AD, cited by Burnett 1987: p104)

 Valerian’s capture was a massive propaganda victory for Shapur. Persian inscriptions and rock reliefs (like at Naqsh-e Rostam and Bishapur) show Valerian humiliated—submitting to Shapur on his knees, or being held captive by the king. This is what Iran has turned into a statue.

Valerian’s body was never returned to Rome and his son, Gallienus couldn’t rescue his father because the entire Roman world was on fire, and leaving the heart of the empire undefended would have meant its immediate collapse. While Valerian was in the East, Gallienus was fighting for his life in the West.

Massive invasions by the Germanic tribes, the Alamanni and Franks, had broken through the Rhine frontier, penetrating deep into Gaul, Raetia, and even reaching as far as Italy and Spain. The Goths and other tribes were launching devastating seaborne raids across the Black Sea and the Aegean, attacking the Balkans and the coast of Asia Minor. If Gallienus had marched the bulk of his army east to Persia, there would have been nothing to stop these Germanic tribes from overrunning Italy and sacking Rome itself.

The capture of Valerian created a power vacuum and a perception of weakness that immediately led to rebellion also within the Roman Empire. Just after Valerian’s capture, the military commander Postumus was proclaimed emperor in the West. He seized control of Gaul, Germania, Britannia, and Hispania, creating a separate, breakaway empire that would last for 14 years. Gallienus spent the next several years fighting Postumus in a civil war, unable to dislodge him.

In the East, the Sasanian Persian King Shapur I, who had previously captured Roman Emperor (Valerian), invaded the eastern Roman provinces. With the central Roman government in crisis (the period known as the Crisis of the Third Century), it fell to Zenobia’s Palmyrene forces to defend the region. Zenobia’s brilliant general, Zabdas, was the primary military commander in these campaigns. The Palmyrene army soundly defeated the Persians, pushing them back and even securing territories like much of Roman Arabia and parts of Egypt.

This period saw a revolving door of emperors and usurpers. Gallienus himself had to deal with at least eighteen known usurpers during his reign. Marching east would have been an open invitation for another general to seize Italy. This is where the legend comes in. The most gruesome account comes from the later Roman historian Lactantius, a Christian writer who was deeply hostile to the pagan emperors who had persecuted Christians (Valerian was one of them). He claims that Valerian died in captivity, King Shapur had his body flayed (skin removed). The skin was then tanned and dyed with vermilion (a red pigment). This preserved, red-colored skin was then stuffed with straw and put on display in a Persian temple as a permanent war trophy and a symbol of the Persian victory over Rome. Most assume that this account was invented as a powerful piece of moralizing propaganda piece as the fate of pagans.

Iran Resurrecting this Historical Event is to show that Iran defeated even the Roman Empire

and it will Prevail Against the West Once Again

I still maintain that criminal charges should be filed for this is clearly election interference. Until journalists are criminally charged for falk news, the public will NEVER get the truth about anything.

COMMENT: The latest that the pipe bomb was planted in a desperate effort to turn January 6th into a civil war to invoke the 14th Amendment to prevent Trump from ever running for office is no different than you cost Soros $2 billion, Safra $1 billion and so on by forecasting Russia would collapse and they retaliated since you refused to invest $10 billion for their regime change in Russia. The recent revelation that the neocons at the CIA assassinated JFK, all have a common thread. It has always been about the conquest of Russia. This makes Watergate look like child’s play, and even that was carried out by ex-CIA operatives. No wonder JFK wanted to shut down the CIA. This is about running the country and eliminating all our freedoms. With your track record in forecasting, unmatched by anyone else, you should be on the front page of the Wall Street Journal. Mainstream media ignores you because they take their orders from this same group.

With each revelation, the real enemy is within, not Russia.

LM

ANSWER: This is a coup against the American people. Everywhere you turn there are people with their fingers in this pot. They would not even allow Bobby Kennedy to run on the Democratic ticket. Kamala never stood in a primary, she was just appointed like Ursula in the EU. Screw Democracy. Everything they do is to keep the reins of power in the Deep State and it is far more sinister than most realize. The Neocons are well entrenched even in the Trump Administration right down to Scott Bessent.

Planting this pipe bomb outside the Democratic Headquarters was to make it look like Trump supporters are insurrectionists indeed to use the 14th Amendment against Trump. The only pretend Republicans allowed on the January 6th Committee were the Neocons – Liz Cheney and Adam Kinzinger, who said we could take Russia in 3 days and started “Republicans for Harris” all to keep WWIII in their control. Thank God Kinzinger was voted out of office in 2023.

I had tapes of bankers expressly saying that they were paying bribes within Russia to manipulate markets. In 1993, the Russian government established the company Almazyuvelirexport (AUEX). This entity was given a state monopoly on the export of precious metals (like platinum, palladium, and rhodium) and gemstones (especially diamonds). I was told that they paid bribes to cut off the sale of platinum to drive the price up so they could exploit the auto manufacturers. I was even approached by a lawyer for Ford who was considering filing a lawsuit against the bankers for that manipulation. The AUEX prohibited the right to export platinum, by anyone other than them. The bankers were even involved in a manipulation of rhodium which went from $700 in 1980. By 1995, rhodium had fallen back to roughly $500 per ounce, down from the spectacular 1990 peak above $6,000/oz — a drop of over 90% in five years.

The Soviet Union had built up massive stockpiles of PGMs, especially palladium. After the USSR collapsed in 1991, the new Russian government began selling these stockpiles to earn hard currency. This influx of metal kept global prices suppressed. Around 1995-1997, these stockpile sales suddenly slowed down and then largely stopped. The reasons were never fully transparent but were linked to deliberate strategy to support prices.

All the tapes I had were seized by the court to protect the banks, then the receiver who made that motion, Alan Cohen, magically became a board member of Goldman Sachs and continued to run my company from the board of Goldman. Then they claimed all the tapes were destroyed in the World Trade Center 911 attack to protect the banks.

It was Scott Bessent when he worked for Soros was the real architect of shorting the pound in 1992. He is the one that convinced Soros to take that trade. He was also with Soros in 1998/1999 when they were on investing in Russia along with everyone else. That is when I was asked to put in $10 billion to pull off a regime change in Russia and I refused. Bessent did not leave Soros until 2000. I do not know the full extent of his involvement in that trade other than he was there.

Scott Bessent has publicly taken a strongly anti-Vladimir Putin / pro-Ukraine stance — and while he stops short of explicitly calling for unlimited war, his statements clearly support Ukraine, declare Russia’s aggression unacceptable, and back aggressive economic measures against Russia. I question his motives and if this is still the same old story of the NY bankers and hedge fund boys trying to take over Russia and all the gold, oil, diamonds, platinum, lumber, rare earths will all go through NY dealing desks. I do not understand how

According to Wikipedia, Bessent was a Democrat and donated to them until 2024. He was an economic adviser and fundraiser for Trump’s 2024 campaign. That relationship with Trump helped position him for the nomination. I find this curious.

The people doing the movie on me filed for FOIA trying to get all the communications behind who was demanding we be shut down by the banks and hedge funds who were always trying to manipulate the markets and the CFTC claimed they had nothing refusing to turnover anything. It had long been implied that Soros was behind that as well, after losing $2 billion when on the pound trade he made only $1 billion. Yet, the CFTC refused to turn over anything as a Deep State controlled entity typically does.

QUESTION: Mr. Armstrong, it is not hard to understand why the bankers and the government have always tried to silence you.  I came across a Google search of your 2017 forecast where you said the stock market would double. The Dow Jones Industrials closed April 2017 at 22405. It reached 48,000 last month. There is no other analyst who can forecast long-term like you. Will you do another technical analysis seminar like you did I hear in 2011?

Frank

COMEX Bar 1980

ANSWER:  The methods I developed was as a hedger for myself, I was doing about $30 million a month back in 1980. Adjusted with CPI that is $113,400,000 per month today or abot $1 billion annually way back then. That was about 37,500 ounces of gold. At today’s gold value, that would be $150 million per month. So when I say there was only three of us big enough to make markets back then, it was not an exaggeration. It took a lot of capital to buy gold from all the dealers nationally, refine it, and then have to wait to get paid after the process. The minimum lot for refining was 100 ounces and it would take 6 weeks to get paid. Most of the places buying gold from the public did not have that king of capital.

Let me see. I will cover some techniques at the WEC 2025 this year. I do not know how many more of these I can do. Life has a way of catching up with you.

The BBC has shown the world what is really taking place in Mainstream Media and even Wikipedia, which nobody should donate 10 cents to, yet another FAKE NEWS organization edited by the government. We saw it with COVID-19, where the government told social media to cancel people. Others are being debanked because the government does not like what they say.

What the BBC has done with their doctoring a speech by Trump that aired a week before the 2024 presidential election, made him appear to encourage the January 6, 2021, attack on the U.S. Capitol. This was deliberate FAKE NEWS in an attempt to influence the election. I believe this a CRIME!!

There is a statute (18 U.S.C. § 371) that makes it a crime to conspire to impair or obstruct a lawful function of the government through deceit. That would include an election. The press hides behind the First Amendment but they have turned on its head. It is NOT free speech to yell fire in a crowded theater to start a stamped when there is no fire.

The First Amendment protects even false, misleading, or partisan speech. However, the Supreme Court has set an incredibly high bar for punishing speech, especially speech about public figures and political matters. For a journalist to be held legally liable for false statements, the plaintiff (or prosecutor) would generally need to prove “actual malice”—that the journalist knew the information was false or acted with reckless disregard for the truth. The facts of this case warrant an FBI investigate of the journalist and the BBC deliberately editing this video shows “actual malice” this was intentional and not a mistake. All their emails should be preserved and if there was any partisan connection and deliberate “malace” the BBC should be criminally charged. This is the only way to start cleaning up the press.

While there’s no “fake news statute,” there are existing laws that could potentially apply in specific, egregious circumstances which has been shown here by the BBC. This is the area where prosecutors have recently tested the legal limits. The theory is that publishing a story of value to a campaign, when coordinated with that campaign, can be considered an illegal, unreported campaign contribution.

 The Michael Sussmann Case (2021) comes to mind. A lawyer was acquitted, but the special counsel argued he lied to the FBI while acting on behalf of the Hillary Clinton campaign. In his defense, he successfully argued that the meeting with the FBI was brief and focused on the substance of the data, not on who Sussmann’s clients were, and that the FBI agent’s memory of the specific statement was not sufficiently reliable. Thus, the jury found him not guilty. The legal theory was that his lie was a “thing of value” to the campaign, making it a potential campaign finance violation.

My advice is that this precedent can apply to a journalist. If a journalist coordinated directly with a political campaign to deliberately publish a known false story as the BBC has done here, the value of that “hit piece” (the advertising space and the credibility of the news outlet) could be construed as an illegal, unreported in-kind contribution. This is a complex and legally uncertain area, but it’s the one most actively explored by prosecutors. Someone in Congress needs to launch this against the BBC NOW!!!!!

Since (18 U.S.C. § 371) makes it a crime to conspire to impair or obstruct a lawful function of the government through deceit, if a journalist conspired with others (like a foreign government or a campaign) to deliberately publish disinformation with the specific intent to disrupt the election process—a lawful government function—this law could potentially be invoked. This would be an extremely aggressive and rare use of the statute but I believe it properly falls within its four corners.

Then there is the catch-all statue. Laws against wire fraud (18 U.S.C. § 1343) prohibit using interstate communications to execute a “scheme to defraud.” This squarely falls within a broadcast. A court would have to find that the public has a “property right” in a fair and honest election, and that the fake news scheme sought to deprive them of that right. Our property right in terms of an election is the cornerstone of everything about our civilization. If there is no “free election” then there us no Republic or Democratic Process and I have been deprived of my most fundamental right of citizenship. I would argue that the BBC also conspired against my civil rights under 18 U.S.C. § 241.

If any contact with the Democrats or someone in the Biden Administration too place, then the most direct and specific federal statute that prohibits interfering with a federal election is 18 U.S.C. § 595. “Interference by administrative employees of Federal, State, or Territorial Governments.”

Here is is a crime for any person employed in any administrative position by the United States, a State, or a Territory to use their official authority to interfere with, affect, or attempt to interfere with or affect the nomination or election of any candidate for the office of President, Vice President, Presidential elector, Member of the Senate, or Member of the House of Representatives.

Why the BBC needs to be subpoenaed instantly is that a government employee in an administrative position (this distinguishes them from elected officials or political appointees whose jobs are inherently political), so anyone in the Biden Administration, then this blows up into bigger than Watergate.

Defamation

Of course, there is the publishing a knowingly false statement that damages a candidate’s reputation is defamation. In the case of a public figure like a candidate, the plaintiff must prove “actual malice.” Defamation is almost always a civil offense, meaning the harmed candidate can sue the journalist or outlet for monetary damages, but the journalist is not going to jail. There are very few “criminal defamation” laws still on the books in some states, but they are rarely used and may be unconstitutional.

It is Urgent to Subpoena the BBC NOW!!!!!!

This Can Be the Silver Bullet That End Fakes News