Blog/Armstrong Economics 101
Posted Jan 18, 2018 by Martin Armstrong
COMMENT: I watched the Forecaster after ordering the DVD from Amazon. Aside from the fact that it brought tears to my and my wife’s eyes, your forecasts on this year being exceptionally cold, your forecast of Brexit, Trump, the Dow and countless other things, it is not hard to see why the government wanted your model. My heating bills have almost doubled this year. How can your computer forecast such a trend years in advance when they can’t do more than 10 days?
Quite frankly, they do not want a system that can do all these things public. That’s why the New York Times or Bloomberg will never even mention what you have accomplished. It is all about keeping the public blind, deaf, and dumb.
God be with you and your family
ANSWER: I do have to admit many people have expressed that view. To do the Forecaster, they had to have insurance against slander and libel. To get that insurance, they had to verify that the fact the receiver was after the model and that could be proved in court and not just an accusation. Here is an email from Tancred Schiavoni, the lawyer for the receiver, stating in writing that if I did not turn over the source code to the model they would shut down the company. That was NEVER stated publicly in any courtroom. There was no “formal” court order just always demands to claim it was a corporate asset. The model was NEVER a corporate asset and was developed in the 1970s and coded in the 1980s long before the corporation PEI was ever set up. To even produce that documentary, every allegation against the government had to be proved before they could shoot the film. Lloyds of London would NEVER have insured the producers without concrete evidence. The receiver could not block the film legally, so Netflix and distributors were intimidated by unknown persons to refuse to show the film in the United States.
As far as the weather, yes it has been unbelievably cold all the way down here in Florida. Even airports in Houston and Atlanta have been impacted by snow they do not have equipment for. We get the worst weather with the worst flu season. The just go together on a correlation model. You forecast one and you will also be correct on the other. They are a marriage made in nature. The Black Death of 1347 followed extreme cold as well during the 14th century.
If people really did listen, it would change politics. You can’t keep up the same nonsense of simply voting for someone and they will change everything. It just cannot be done. They always blame the rich and seek to raise taxes, but it miraculously never manages to lower anyone else’s taxes. It always just lines the pockets of the politicians.