I always thought the guy was a doomsday prophet. But, you have to read it all in order to figure out your options.
Armstrong is actually a “cyclical prophet”.
He believes financial markets and political power runs in cycles.
However, he is a “doomsday prophet” for the US. He believes our days as the world’s leading economic and military power are numbered.
I always thought the guy was a doomsday prophet. But, you have to read it all in order to figure out your options.
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Not at all. In twenty years he made me a lot of money and I lost a lot of money (by not heeding what Socrates told him). In every case Socrates was correct, demonstrated by after the fact financial events.
Keep in mind his ECM dates are not always broadcast or realized. For example, the 2008 meltdown began to the day , but no effects were seen
Immediately. The world saw Bear Sterns start the collapse, but in fact a large Scottish metals bank collapsed a few weeks before Bear Stearns, Bear Sterns was directly tied to that bank in financial instruments and guarantees and brought them down.