Was losing almost a $BILLION of my clients' funds in a failed ponzi scheme deserving of eleven years in the federal pen?
Posted on 04/09/2025 7:11:24 AM PDT by delta7
COMMENT: The media including the financial media really going crazy with this Trump Tariff thing – as if the market wasn’t due for a pull back.
REPLY: We had forecast that we would see a correction by April last year. I answered plenty of questions on various podcasts about whether this would be a big crash and the end of the bull market. I consistently warned that such a scenario was absurd, for that implied the classic flight to quality being government debt.
Facing a global sovereign debt crisis, I warned that it was just not realistic. The press has latched onto this normal correction and is deliberately trying to crash the market with constant claims that tariffs will destroy the world economy.
This is the very same political scheme they used in 1932 to blame tariffs on Hoover and the Republicans to win the 1932 election. It was a total lie and a fabrication of history. We are witnessing the attempted coup of Trump by deliberately trying to force the stock market down in a desperate attempt to turn the Republicans against Trump and stop his entire agenda of ending the Democrats’ feeding trough for corruption. I was stunned by the conversation I had yesterday and a deliberate media attempted coup.
Tariffs do not cause a DEPRESSION, no matter how much the media is selling that story now, just as the Democrats did in 1932 to get FDR elected. They also failed to protect any country from the effects of the worldwide depression at the time.
Between 1925 and 1929, there were 33 general revisions or substantial tariff changes, nearly all of which raised tariffs. These included 26 European nations and 17 republics of Latin America. In 1927 and 1928, Australia, Canada, and New Zealand increased and expanded the scope of their tariffs. In Asia, China, Persia, and Siam also raised tariffs during the period. This was all before the 1929 Crash, which the history books omitted along with the 1931 Sovereign Defaults…..
….. The entire Tariff Issue of the 1930s was indeed just political. The Democrats used it to beat the Republicans over the head and pretended that the Tariffs caused the Great Depression. Today, we have the media, which hates Trump as they all tried so hard to defeat him, now they are deliberately blaming tariffs all over again for a normal correction that many kept calling for a major crash before tariffs.
People buying and selling stocks are smarter than “the media”
So why is the word melting down over a measly $300 billion?
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Trump haters, the Trump Derangement Syndrome has infected our media, the EU, Canada, and many others who bought into senile Joe’s narrative.
There is no sense of proportion all of this hysteria. And it’s hysteria on a global scale.
Martin Arthur Armstrong (born November 1, 1949) is an American self-taught[1] economic forecaster and convicted felon who spent 11 years in jail for cheating investors out of $700 million and hiding $15 million in assets from regulators.[1]
Straight from the Bitcoin Talk forum. They are not kind to Socrates Bitcoin forecasts….carry on.
Thanks
Yep, he’s right on this one.
Welcome to Free Republic!
Old Media has one purpose, get Democrats elected.
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https://quoththeraven.substack.com/p/the-medias-piss-stain-starts-to-dry
“ Over the last few days, I’ve been part of an extraordinarily small contingency of people not freaking out and losing their minds over President Trump’s new tariff plan or the ensuing stock market pullback.
A couple of days ago, I argued that the media shrieking hysterically about how the world was ending as a result of this trade policy was nothing more than a visceral reaction to what was happening in the stock market. It had to be. With just hours having passed since the implementation of Trump’s tariff policy, there was no real way to judge its success based on the merits.
Said another way, these things take time.
In an article late last week, I criticized Wharton PhD Jeremy Siegel—whose actual title is probably some bullshit with the word “emeritus” next to it—for coming out and declaring Trump’s tariff policy to be the worst policy decision in 95 years.
My argument wasn’t that he was wrong—only that it was too soon to make such a declaration.
Siegel was on CNBC again Monday this week. He started his interview by alluding to the idea that the Federal Reserve has room to cut interest rates—similar to the way he lobbied for an emergency rate cut back in August of last year. As the interview progressed, the stock market started to spike upwards on what we now know was a discredited headline about a 90-day pause in tariffs—and on live television, within the course of the five-minute interview window, Siegel had changed his tone, backing off his rhetoric and calling the now-debunked headline “terrific.”….
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Good observation, the “ old media” will never give President Trump’s multi pronged “ fix” a chance. That said, the world’s currencies are melting down ( appalling loss of purchasing power), we are in historic times and President Trump is the perfect one to take care of Americans first.
Thanks n00b!
You are likely a dotted retread poster, here 3 weeks and butthurt.
Media also told us that Hydroxychloroquine was ineffective.
Was losing almost a $BILLION of my clients' funds in a failed ponzi scheme deserving of eleven years in the federal pen?
“They are not kind to Socrates Bitcoin forecasts”
No wonder! In 2018 when bitcoin was less than $5 you were trashing it.
How many subscribers did you lose over that bad call?
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He failed to predict his three bankrupsies.
He failed to predict his losing $700 million of his clients’funds.
He failed to predict he would spend eleven years in the federal pen.
In 2014 he predicted gold would soar to $5,000 in 2015.
In 2014 he predicted that there would be a world financial collapse would occur in 2015.
July 2024 he predicted US cIvil unrest/WAR to happen just before the 2024 elections.
November 2024 he predicted a US civil war would happen the week of Trump’s inauguration with the US breaking up into four new countries in 2026.
December 2024 he said via Socrates that the 2024 elections would be the last in the US.
January 2025 he predicted US civil unrest on May 7.
March 15, 2025: Got suckered by fake story https://freerepublic.com/focus/news/4304515/posts?page=40#40
Shouldn’t you be telling us a Ukraine vidtory is just around the corner?
“ This is the very same political scheme they used in 1932 to blame tariffs on Hoover”
The public is not as believing now as they were in 1932. There was no alternative media, and people believed the news liars. Hell they voted for FDR for THREE terms and believed he could walk. ( Some thought on water 👀)
I think she’s TeslaGator with a new account.
whoops maybe not.
2008 all over again?
My son’s been telling me for over a year now that if Trump won, the powers that be will crash the economy on him to blame it on him. He figured it would happen by the end of this summer at the latest.
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