Tuesday, 5 July 2022

Martin Armstrong Cult Member quits Socrates after 15 Years

Sufficiently dismayed

Below is the YouTube testimonial of a Martin Armstrong cult member quoted in full. It took him over 15 years to finally discover that he has been scammed. Not without the help of this site.

Please note that "Canadian Day trader" who practiced the well-established shill routine. Most likely, that shill is LateralusYellow, that figure that runs the Reddit Armstrong Economics Fan Forum and had a brief stint in The Facebook Martin Armstrong and Socrates Traders Group.

 

In a YouTube post Bill W comments on the YouTube video  (his channel has been deleted after this was posted):

Martin Armstrong: The Collapse of the Republic  on June 26 2022:

@Lui Bunting  Ok!  I just spent 2.5 hours reading through your site.  It has raised sufficient questions for me to think carefully about my experiences.   Keeping it very brief, I have always enjoyed Martin Armstrongs historical take on economics.  I attending his Orlando conferences in 2016 and 2017 and then once more in 2019.   I met a Canadian Day trader at the 2016 event who seemed intelligent and unpretentious. He said that he now foley used Socrates for his trading and it earned him a very good living.   I finally joined the Pro Socrates for about 3 months in 2018.  I was still working and a member of many other sites and advisors at the time but decided I would see what it had to offer.  I was a bit disappointed and downgraded a level shortly after.   I have received about 4 or Martins reports including the Trade of The Century.  History lesson was great BUT I noticed there seemed to be a fair a mount of repetition in the material and there was really NO "how to do it" at the end of the book.  I also purchased the Manipulation of the World Economy book and once again found it interesting but somewhat repetitive.   Your site reinforced some concerns I have had about Martin's blog for a couple of years now.  I agree with a lot (not all) of what Martin says about what is happening in todays world.  However, I had already begun to get frustrated about the way he would answer questions on his blog.   The questions always seem to be, well from perhaps less intelligent folks and rarely did they address any detailed deep issues but rather broad and often self congratulatory  towards MA.   I also noticed the typos and wondered why these were not addressed.   As regards Socrates, I often purchased the market reports, not expensive, but noticed occasional errors in the reports that got the price for say gold or oil completely wrong in the report.  I could not understand why that would happen.   Finally, much is made of the Socrates tool being right at certain turning points e.g 1987.  The Sovereign Bond Crisis for me started around 2012 as the ECB and the EU embarked on a course which will bankrupt that EU market BUT that 2015 date didn't not seem to produce a big event.  I would argue the big event is happen now!  Additionally the much flaunted March turning point for this year seemed like a fizzle as well.    I think his predictions about the dollar and the US market soaring have some credibility since I agree with the thesis that money will likely flood into the uS when the financial crisis in Europe and probably the far East get going.   
HOWEVER, what your site has done is raised these nagging concerns I have been having about Armstrong, his writings and his model over the past 2 - 3 years.  I am blessed with funds and have never committed any to Martins forecasts (so no losses).  But I am now sufficiently dismayed so as to pull my $50 monthly subscription (not that big compared to a couple of others I subscribe to but certainly 2-3 times that for some other advisor sites that actually make specific recommendations.  Consequently you site has had an immediate effect.  Not sure why you dont post a link to your site for all of MA's videos.    Took a while to trawl through your material but thanks.

It looks like nobody is immune against being a fool.exploited by Martin Armstrong.

Even Prof Dave Collum of  the Department of Chemistry and Chemical Biology at New York Cornell University quotes Martin Armstrong's gossip on his Twitter account:

More dangerous than covid... on July 30 2022:

Judge Seals Middleton Case

Thereby promoting that criminal and supporting his noble cause. I guess that is where the New York tax dollars go. What an irony! Remember: Don't shoot the messenger, because that's MY job!


See also:

Martin Armstrong and his Socrates: The Conspiracy of the Cartel 

About Martin Armstrong’s Books 

Martin Armstrong's Socrates 

The World Economic Conference WEC

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