Blog/Armstrong Economics 101
Posted Feb 7, 2023 by Martin Armstrong
QUESTION: Good afternoon – Will try to make this one quick. Know you are busy. Have you ever asked Socrates how to “defeat” its predictions? Or to reduce volatility/amplitude of projected events?
(Really, you should be recognized alongside Adam Smith, Ricardo, et al. for your discoveries and contributions.)
ANSWER: Because the entire world is connected, it does not appear that it is possible to prevent an event from unfolding. I have come to the conclusion that the best we can ever hope to accomplish is to reduce the magnitude of volatility.
The CFTC had even subpoenaed me demanding a list of all my clients worldwide. I defeated them in court. Their argument was that I had been manipulating the world economy and by turning over my client list, they would prove the magnitude of my influence. These people do not believe in forecasting for they only believe in manipulating society. Even Larry Summers claimed that if you create a model that actually worked, then that would dictate the future.
What these people miss is the fact that we are all connected globally. This is why government IS THE PROBLEM for they think that they can manipulate the future. But since we are all connected globally, it is impossible for one nation to alter the course of the global trend.
The world economy cannot be manipulated. It is far too complex to alter the course of the entire globe. It has been governments that have always created war. Look at every time the bankers thought that they had the guaranteed perfect trade, they have blown up and run to the government for bailouts.
Their allegation against me has never changed. If I say gold will double and it does, it is ONLY because I have too many people as followers rather than the fact that the computer has identified the trend.
So Socrates has confirmed on many occasions – the world economy must travel through these cycles. It is just how society functions.