Martin Armstrong Interview

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Johnny Oxygen
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Martin Armstrong Interview

This is a short but very interesting interview. It is all over the place but in a good way.

Here is the link: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/2_M...

Here is a little background on Martin;

Martin Armstrong (born November 1, 1949 in New Jersey) is the son of a lawyer and Lt. Col under General Patton in World War II. His full biography is on line.[1] In short, Martin was encouraged by his father to get involved in computers during the mid-1960s. He completed engineering both in hardware and software but he returned to the gold business that he had begun while in high school to earn money for a family trip to Europe in the summer of 1964. He continued to work on weekends through high school finding the real world exciting, for this was the beginning of the collapse of the gold standard. Silver was removed from U.S. coinage in 1965 and by 1968 gold began trading in bullion form in London. The gold standard collapsed entirely in the summer of 1971 when President Nixon closed the gold window. In 1975 it became legal in America, for the first time since 1933, to trade gold in bullion form. Armstrong began exploring financial panics after witnessing the Crash of 1966. He went on to develop timing models such as the "Economic Confidence Model" that have been the subject of many press articles[2] Armstrong's discovery of this cycle was called The Secret Cycle by the New Yorker Magazine.[3]. This model had stunning accuracy: it pinpointed changes in the economy right to the day. In Time Magazine, Justin Fox wrote that Armstrong's model "made several eerily on-the-mark calls using a formula based on the mathematical constant pi." (Pg 30; Nov. 30, 2009).

After discovering that staff at Republic National Bank were illegally trading in the company accounts, Armstrong through counsel threatened to file suit if the funds were not returned within one week. Instead, Republic went to the Commodity Futures Trading Commission and alleged that Armstrong had conspired with their own staff to hide trading losses from his clients in Japan. The allegation of a $1 billion fraud caused the government to rush in and admit in open court that they had filed charges solely based upon what Republic told them and had not bothered to contact any alleged clients in Japan. They admitted that Armstrong was not in default of any obligation to Japanese investors. When it became clear that the accounts were simply unsecured borrowings of Japanese yen, mostly at fixed rates of interest, and outright purchases of Japanese portfolios from public corportions and were NOT solicitations for managed accounts. Armstrong was thrown in contempt of court for an allegedly missing $1.3 million out of $3 billion. When friends offered to put the entire sum of money up for bail, the court denied bail at any price at the direction of a receiver, Alan Cohen of Goldman Sachs and Tancred Schiavoni of O'Melveny & Myers. They kept Armstrong in prison for more than seven years denying him a trial, a right to a lawyer and freezing all funds. They claimed the contempt was "civil," not criminal and thus there were no rights normally afforded criminal defendants.

http://en.wikipedia.org/wiki/Martin_A._Armstrong

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