Everybody who is financially active is potentially manipulating some markets because of their own statements that are promoting some product or service. As I have shown on this site many times, Martin Armstrong is no exception, at least regarding the promotion of his own products and services.
However, the big elephant in the room is his Socrates service. Please let me explain how Socrates is the ideal tool for AUTOMATED - and occasional manual - market manipulation.
Every user of the Socrates system who wants to trade based on it, must download the corresponding market data for each trading instrument from Armstrong's server. Even more so, that user must subscribe to that instrument for the technical trading information that is being paid for.
Therefore, statistics of this information - who is interested in which instrument for the purpose of trading - is available to Martin Armstrong for use and re-sale.
The concept of selling such information is definitely not alien to Martin Armstrong because he has offered me trades in the past as a last resort to recruit me, to stop me from campaigning against him. So he has something else to sell which is not publicly known, such as the items in his online store. This something else, this information, is his special currency.
How can this information be exploited?
Because the Socrates Reversal system is the primary tool that users use (see this post for an anecdotal recent proof of that assumption), it is instructive to explore the EFFECT of this tool on the market when used.
The Reversal System is primarily a breakout trading strategy, meaning it instructs the user to buy / sell at very specific published price points when crossed. And Martin Armstrong claims high accuracy of these price points (the Reversals and other buy / sell signals derived from them).
To see the effect of trading this breakout strategy, see my proof at: Socrates Long Term Past Performance Review.
How does this work?
If only a moderate number of traders start to act on these price points when crossed as advised, the strategy becomes self-fulfilling because the price will jump (break out) at these price points, caused by these very users who are likely to become bag holders. This has been confirmed in the past by amazed subscribers who observed the price jumping at these points, asking themselves why these price points could be so accurate?
The key point is that owners of the subscriber information can position themselves in the market in a pump and dump or poop and scoop scheme to profit from this information with little effort.
Why can't you profit from this by subscribing to Socrates and trading the opposite?
Because you don't have the subscriber statistics. Now it is not difficult to see how to profit from the subscriber statistics. Those statistics that are perhaps Martin Armstrong's best-kept secret.
Martin Armstrong has long had a preference for precious metals markets. Not surprisingly, gold and silver mining stocks were the first markets covered by his Socrates service even before the release of its online service. Some of these stocks are low transaction volume stocks that are easily manipulated.
To further strengthen my point, I am referring to Martin Armstrong's devastating advice to sell gold at the 2015 price bottom, a trade that he peddled using various channels, including his Word Economic Conference (WEC) at the time. Here are the details of that specific trade where he manipulated the information fed to his clients:
Quarterly Superposition Event in Gold 2015
To me it is incomprehensible that a service with such an obvious potential for illegal transactions can even exist without strict government supervision. I have tried to post this scheme as a warning at the reddit scam forum as "The Financial Chart Indicator Subscription Scam" but even there, it was rejected by the moderator because it contained the description of illegal market activity that I am outlining here which just proves my point.
Keeping the above in mind, it is not a surprise that it is not Martin Armstrong himself who is running the critical part of the Ask-Socrates business, but a man with name Erwin Pletsch who claims to work for Armstrong since 2016 and Ashley Warren who seems to be somewhat more difficult to locate. The official business web site is Ask-Socrates (princetonfz.com), located offshore in the UAE.
Do you still think that the unrepentant convicted felon Martin Armstrong, convicted of financial crimes worth billions in the past, would NOT use such privileged information while reputable large organizations such as Facebook were caught using their subscriber information illegally, and being fined billions of US dollars for those privacy breaches?
See: Facebook to pay $5bn fine as regulator settles Cambridge Analytica complaint
Who benefits from your Losses?
Just in case you think I have gone mad into full conspiracy mode, consider this:
WhiteOakFX in a Twitter tweet on March 2022 (emphasis added)
Socrates system about a major crash coming on March 14th [2020]. I had said I was very skeptical of him as he dodges questions etc... [I ]Said he was likely given date by bankers to lure retail shorts... Well guess what!?
...
I guess thats the price you pay to get your ass out of jail after 7 years.
For the full story, see:
Martin Armstrong's 2020 ECM Turning Point
Please see also:
Martin Armstrong Financial Advice: "Do not buy the Low!"
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