All Governments Will Collapse by 2032 As The Great Reset Fails
Martin Arthur Armstrong (born November 1, 1949 in New Jersey) is the former chairman of Princeton Economics International Ltd. a former leading multinational corporate advisor with offices in Paris, London, Sydney, Hong Kong and Tokyo. He was hailed as Economist of the Decade and was named Hedge Fund Manager of the year in 1998 after correctly forecasting the collapse of Russia that led to the implosion of Long Term Capital Management. He is now forecasting that Socrates (the machine) predicts that Governments will collapse by 2032 – Worldwide!
governments will collapse by 2032
At age 13, Martin Armstrong began working at a coin and stamp dealership and was a millionaire in 1965 at the age of 15. After becoming the manager of his employer’s store, he and a partner opened a collectors’ store when he was 21. After high school, Armstrong attended the RCA Institute and audited a few courses at Princeton, but he never earned a college degree. Over time, the forecasting became his business. Much of it was rooted in cycles research for which he also traveled to London to the British Museum Newspaper Library and put together historical data on prices and exchange rates, down to the day. He constructed what he called an Economic Confidence Model (also called the “pi” cycle model), which he relied on to predict an upturn in the price of commodities in the early days of 1977 published long term forecasts which are still monitored today by the financial press. Later, the ECM turned out to have the ability to predict when/where governments will collapse.
Thanks to: Man in America | Website: https://maninamerica.com/
rise to the top
Armstrong progressed from gold coin investments to following commodity prices and collected gold coins and antiquities. Armstrong was a frequent contributor to academic journals and often was sought for comment on financial topics. He was also chairman of the Foundation for the Study of Cycles: an international research and educational institution, established in 1941 as a nonprofit corporation by economist Edward R. Dewey and dedicated to the interdisciplinary study of finding and analyzing recurring patterns.
In 1983 Armstrong began accepting and fulfilling paid subscriptions for a commodity market forecast newsletter. He formed three corporations for the provision of commodity services: Princeton Economic Consultants, Inc. (“PEC”), Economic Consultants of Princeton, Inc. (“ECP”) and Armstrong Report, Inc. These corporations provided consulting services, seminar programs, written reports, telephone and telex messages, and account management services. In the nineties, Armstrong wrote a heavily researched but quixotically told two-volume account of the Great Depression called “The Greatest Bull Market in History.”
In fall 1987, Armstrong was invited by the Brady Commission to share his views on the 1987 market crash which he predicted to the precise day using his computer models. The target date of 1987.8 was precisely October 19th, 1987 the day of the low.
In July 1996, he was invited by the United States House Committee on Ways and Means for a testimony regarding global capital flows.
On May 20, 1997, Armstrong reminded the United States Department of the Treasury Robert Rubin that their policy would increase volatility and provided insider favoritism. United States Department of the Treasury Senior Deputy Assistant Secretary Timothy Geithner responded in a letter on June 4, 1997, that the United States Department of the Treasury felt comfortable with their policy.
Also in 1997, Armstrong was invited to advise the People’s Bank of China during the Asian Currency Crisis.
In the April 1998 issue of the Journal “Share International” he was forecasting the destabilizing effect of European Union on the world economy. „How the cookie crumbles -the insight of economist Martin Armstrong“ by Diana Holland, detailing how governments will collapse.
In 1998, he started to manage a hedge fund on behalf of Magnum Global Investments. Using his theory that boom-bust cycles occur like clockwork every 8.6 years, he correctly called Russia’s financial collapse in 1998 and also pointed to a peak just before the Japanese stock market Nikkei 225 crashed in 1989. One of the first predictions that governments will collapse.
In the United Kingdom, a popular financial magazine MoneyWeek published an article on Martin Armstrong on March 27, 2007, titled “The strange case of the jailed market genius”. In that article they highlighted the model had predicted a major top in financial markets for February 27, 2007, with the next major bottom being June 18, 2011.
On October 12, 2009, the magazine “The New Yorker” published an extensive article on Martin Armstrong, titled “The Secret Cycle – Is the financier Martin Armstrong a con man, a crank, or a genius?”
It appears that it was during the latter period that Martin accidentally realized that the machine had the ability to predict the ‘rise and fall of nations’ due to a client forecast. This has led to the fatalistic forecast that Governments will collapse by 2032.
THE LEGAL CASe - SUMMARY
Armstrong was indicted on September 29, 1999 in the United States District Court for the Southern District of New York for an alleged fraud where he was claimed to have conspired with employees of Republic New York bank involving Japanese investors.
In November 1999, several Japanese investors such as the Amada Corporation, Japan’s largest manufacturer of metalworking machinery, and one of Armstrong’s clients, filed a lawsuit against Republic New York and two officers, accusing them of fraud.
In court papers filed, Amada sought recovery of at least $123 million plus punitive damages. The complaint made accusations of securities fraud against Republic New York, two subsidiaries and two officers. One officer was immediately suspended and one was replaced.
Republic New York at first tried to claim its employees, who were illegally trading in accounts belonging to Armstrong had conspired with Armstrong to hide their losses from the Japanese. However, after it became clear that the accounts did not belong to the Japanese investors but to Armstrong as they had simply swapped their depreciated Japanese portfolios for low yielding Princeton Notes and not involving any funds management), Republic New York plead guilty on December 17, 2001, to fraud in federal court in connection with the fraud.
Republic New York agreed-upon a restitution order on January 9, 2002 to pay $606 million in a civil settlement with 57 Japanese Note holders to fully settle their claims and its executives received immunity provided they returned all the money. Republic New York’s new parent company HSBC then applied for a lifetime gag order on Armstrong to prevent him from assisting the Japanese in lawsuits against them and to prevent Armstrong from revealing his version of the case. The U.S. Securities and Exchange Commission’s Armstrong case file was lost when the September 11 terrorist attack obliterated its offices, in 7 World Trade Center. It turns out that everyone wanted to possess the code that could accurately predict when governments will collapse.
while in detention
While Armstrong was in detention while awaiting trial, the court appointed receiver Tancred Schiavoni tried to get hold of the uncompiled model source code which was Armstrong’s key to make all the accurate market predictions in the past but Armstrong refused to turn this code over. With the added value of forecasting when/where governments will collapse, everyone wanted the code.
As Armstrong did not produce the assets, as well as documents (source code) that were requested by the government, Judge Richard Owen ordered him jailed. While in most such cases, a person is held for contempt for 18 months at most, Judge Owen repeatedly reimposed the jail time, demanding the production of the materials. He was removed from the case by a panel of the United States Court of Appeals for the Second Circuit after justices decided the case needed “a fresh look by a different pair of eyes.” The government understood that the code was able to predict the rise and fall of nations and predict when governments would collapse.
Armstrong pressed for a speedy trial to be released, as there was no money missing after Republic New York paid the money back they had stolen. To prevent that, the government disgorged all of Armstrong’s lawyers and had him stripped of counsel as well as of the company. This took place in an extraordinary closed court proceeding where the government had the press illegally removed from the courtroom on April 24, 2000. The Associated Press reported the incident and posed the question on April 26, 2000 “wondering if the New Jersey market forecaster can get a fair trial”.
The government then created a civil contempt and despite the statute limiting such contempt to 18 months he was kept in prison on contempt without lawyers, trial, or charges, for over 7 years the longest federal civil contempt of court in American history. They needed the code that predicted when all governments would collapse.
Unable to move to trial for such a long time as there is no right to a jury trial in a civil contempt law, which the Wall Street Journal mentioned in their January 8, 2009 issue saying: “No Charge: In Civil-Contempt Cases, Jail Time Can Stretch On for Years”, he didn’t see another way but to plead guilty. For apparently destroying prison property, he was being suddenly moved into solitary confinement (the “hole”) for 12 consecutive days and being removed from his legal defense material that was critical for his trial.
In a bargain plea, the government agreed to drop 23 of the 24 criminal counts if he was pleading guilty on August 17, 2006 to one count of conspiracy “for merging/commingling investors’ accounts with his own trading accounts by Republic Bank’s suggestion but without informing the investors” despite the fact that Republic New York confirmed in a letter in late 2001 replying to Japanese investors (who filed a complaint against them) “that Armstrong and his Princeton entities were contractually allowed to merge/commingle funds” as all accounts at Republic New York related to Armstrong or his Princeton entities were fully controlled by Armstrong. This was all a ruse for the code; it showed when governments would collapse.
By ignoring these facts the judge sentenced Armstrong on April 10, 2007, to an additional five years in prison.
He was released from prison on September 2, 2011.
On April 18, 2012, Armstrong wrote an open letter to the former U.S. Securities and Exchange Commission receiver Mr. Tancred Schiavoni.
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