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Home Economy

Wild Rumors Again | Armstrong Economics

by FeeOnlyNews.com
7 months ago
in Economy
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Wild Rumors Again | Armstrong Economics
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COMMENT: I hear you are a fraud. You took $150 million annually to advise ________________ hedge fund. Why don’t you come clean?

Annonymous

REPLY: I do not know who starts these rumors. They typically come from people who don’t like the forecast. The only truth to this rumor is that I was offered $150 million, true, but I declined. I am not getting in bed with people (1) I do not trust, and (2) I traded against as an adversary. Moreover, perhaps that fund and/or others told the CFTC to shut us down to stop the forecasts.

People throw around numbers because they think that if you get more, you will somehow be happy? You cannot spend even a billion on lifestyle. Even $150 million would not change your lifestyle, for it would put a target on you, and everyone would come to take a piece. Most people who win $1 million in a lottery go bankrupt.  I would trade billions, then you go out to dinner, and the bill is $300. We would call it just phone numbers. You cannot trade $1 billion the same way you trade $1 million. It takes talent, strategy, and a grasp of the entire world. When you make that kind of money, it is only good for bribing other people to do what you want – i.e., Bill Gates and George Soros.

Sorry to disappoint you. I have more than enough to live on. That would not alter my lifestyle. That leaves bribing other people to do things. Sorry – not interested! I DO NOT SELL ADVERTISING ON THIS SITE because I do not want people to think I am endorsing it. Some people are motivated by money. Some are motivated by accomplishment. I prefer the latter.

So take your rumor and put it where the sun does not shine, as they say.

BTW, the people making the movie on me filed a Freedom of Information Act to try to get those communications with the CFTC, and they answered – they no longer have any files on me. Apparently, my name does not even appear on any screen.

CFTC FOIA Responce

 

 



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