Part 3
After MA having been barred from working as an investment advisor by the US securities industry, Armstrong has been on a crusade to rewrite his past as well as attempt to create a credible track record of economic forecasts. Armstrong has a good deal of experience in generating PR and fudging his track record. After all, this is how he was able to convince investors to hand over money to him which was then lost trading commodities.
Despite his claims to the contrary, Armstrong has no official written track record that can be relied upon. While he has written jumbled nonsense, he makes sure to keep things open-ended enough in order to flip-flop when things turn against him. In short, he offers virtually no transparency with regards to his so called track record. He mainly makes videos, gives fake interviews to shills and enters posts on his blog. This enables him to flip-flop and alter what he said in the past without much if any notice by the suckers who foolish enough to be foolish by his teenage antics.
Imagine if you had been convicted of running a Ponzi scheme and you were consequently barred from the securities industry. After you were released from prison, if you wanted to convince people you are credible, wouldnt you make sure to publish all of your research in order for sophisticated investors to determine whether or not you had a clue and whether or not you were publishing legitimate research?
On the contrary, if you were clueless, you would not want knowledgeable investors to see your research because they would realize you were nothing more than a fraud. Thus, you would be much better off by allowing only unsophisticated sheep who subscribed to your research to examine your forecasts because you could play word games with these naïve suckers and convince them that you made predictions when you really didnt.
I do not know how MA can look in the mirror in the morning?
I feel sorry for the people who work for him.