Part 1.
Moron of the Month: Martin Armstrong
Convicted Ponzi scheme crook, failed commodities trader and forecasting charlatan MA continues his desperate campaign to rewrite has past while pulling all kinds of stunts aimed at fooling low IQ sheep into thinking he has a clue as to what is going on in the economy and capital markets.
Aside from larger scale, more obvious tactics utilized by Armstrong to mislead his clueless sheep with regards to his track record, after a good deal of investigation I have very good reason to believe Armstrong employs individuals to make extremely favorable posts about him online. Perhaps Armstrong is even making these posts himself.
Whatever the case may be, Im quite certain these posts are fake because they are always the same referring to him as amazing and brilliant or the best economic mind in the world when the videos and articles for which these posts have been made do not even remotely come close to providing any basis for these accolades. On the contrary, any intelligent person would most likely view MA as a complete moron posing as an investment authority.
As a matter of fact, lets not forget that Armstrong is so clueless that he was responsible for having generated spectacular losses to such an extent that his complete absence of any degree of honesty and morality led him to create a Ponzi scheme as a remedy for his massive losses.
For those who might not be familiar with MA, he was convicted of conspiracy to commit securities fraud, wire fraud, and commodities fraud, a felony arising out of Armstrongs operation of Princeton Economics.
Prior to registering as an investment advisor, Armstrong had never worked for a Wall Street firm, nor did he graduate from college.
According to the government, MA sold interest-bearing notes to Japanese investors and, by mutual agreement, deposited the proceeds in managed accounts that his firm kept at Republic Bank in New York. He then used the incoming money to cover payments due to other, earlier investors, and also moved money out of their accounts and into accounts that he used to make speculative trades, which generated spectacular losses. To conceal this, he and Republic issued phony account statements to the Japanese investors.