QUESTION: Mr. Armstrong, Thank you for being so honest. I like how you separate your opinion from the computer. My question is simple. Do you give credence to the betting odds being more accurate than the polls?

See you next week

Frank

ANSWER: The polls are often wrong, and the betting odds do not seem much better. In 2016, the odds of a Hillary victory were 88% compared to 13% for Trump. Our computer called it correctly, as was the case with BREXIT. With over 70 million in early voting, the computer will be correct on the turnout.

More voters (154.6 million) turned out for the presidential election in 2020 than in 2016 (137.5 million), the most significant increase between consecutive presidential elections since record-keeping began in 1964. The problem with the 2020 election was the scare tactics using COVID. The mail-in ballots were 65,642,049. The combined early voting and mail-in during 2016 was only 12.6 million. With early voting exceeding 70 million, this is by far the largest turnout for early voting in history.

This was the riot when Trump won in 2016. There is even concern that they might try to assassinate Trump if he wins. He better keep some private bodyguards. These Neocons have seized power and will not simply go quietly. There are schemes rumored that the Transition Integrity Project, dominated by the LEFTISTS, will stage a major riot in DC if Trump wins far worse than in 2017. They intend to force him to call out the National Guard and then claim that is proof he is a dictator. They plan to block out everything Trump tries to do to paralyze the country. There is no more America.

The home buying frenzy seen during the pandemic years has ended. We are no longer in a seller’s market as the tides have shifted. The National Association of Realtors reported that home sales in the US slowed to a 14-year low this September.

Sales declined 3.5% on an annual basis. Existing homes declined 1% on a monthly basis to a seasonally adjusted rate of 3.84 million on an annual basis. Home sales have not been this slow in the US since October 2010 when the housing market was recovering from the real estate crash.

Home prices are continuing to increase, rising for the 15th consecutive month. The median home price in America is 3% higher than one year ago at $404,500. The higher average home price has left many would-be buyers out of the market. First-time buyers accounted for only 26% of homes sold last month, but historically, they usually compose about 40% of all sales. Home prices have increased 49% in the past five years since the pandemic.

Inventory has been increasing with 1.39 million available properties, an astounding 23% increase from September 2023.

Mortgage rates on the 30-year reached their highest level in three months but remain well below last year’s high of around 8%

I forecast that real estate in the United States would turn into a buyer’s market in May 2024 going into August 2028 in a reversal from the buyer’s market we’ve experienced since 2020. The 2007 high on the Shiller Index was the precise day of the Economic Confidence Model. So far, all the indicators have confirmed that we should have a recessionary trend into 2028 with this turn in the model on this wave.

The job market is cooling across America, slowing to a pace not seen since late 2020 during COVID lockdowns. Now, one must remember that natural disasters decimated numerous states. Yet, I tend to look at two things – public sector growth and manufacturing.

Unemployment stands at 4.1%, while the measure of discouraged and underemployed workers held steady at 7.7%. Per usual, the Bureau of Labor and Statistics revised their calculations for previous months. August’s growth whittled down to 78,000 and September’s calculation came in at 223,000, marking a total decline of 112,000 reported jobs in that two-month period.

The US has been desperate to revive its manufacturing sector. The Biden-Harris Administration had promised to create one million new manufacturing jobs in 2024, but 10 months of data later, and it seems not a single position was created. The BLS admitted that manufacturing jobs fell by 577,000 since March 2022. In October, the sector loss 49,000, largely attributed to the Boeing strike.

So, America is struggling to produce goods to sell. In the meantime, the federal government bulked up the public sector by 40,000 jobs. Those are 40,000 employees relying on taxpayer funds and pensions in a sector that only SUBTRACTS from GDP. Biden and Harris have increased the public sector by about 43,000 positions on average every month for the past 12 months.

The first release of data is always the most optimistic. The country is clearly on the wrong track as we are endlessly spending money on big government while the private sector is weakening.

There happens to be a correlation between an uptick in strokes and heart attacks during presidential elections. Harvard and the Journal of the American Medical Association (JAMA) have both conducted studies showing a direct correlation between the election and an increase in hospitalizations and deaths from strokes and heart attacks.

“Around election season, just as we’ve seen in other world events, hurricanes, disasters, even the world cup, we have a spike in adrenaline, we have high blood pressure, that can lead to bleeding in the brain; it can lead to an ischemic stroke, or a clog in the brain,” said Dr. David Rose to Fox News. “It can lead to atrial fibrillation, it can lead to heart attacks because of vasoconstriction, tightening of the arteries.” He expects another uptick in medical events in the coming week.

Kaiser Permanente studied hospitalizations for cardiovascular events during the 2020 election and found a 17% in hospitalizations during the five days after the election. Heart attacks were an alarming 42% more prevalent during that time.

Even during the 2016 election, Kaiser noted a 62% increase in hospitalizations for a stroke or heart attack after the election. Cardiac arrhythmia cases rose 77% in the six-week period after that election.

We cannot alter history nor can we control the future. We can do our best to make an impact and prepare for the future. No cycle, be it political or business, can be altered. My life’s work and the creation of Socrates involved researching the past to predict the future, but the outcome cannot be manipulated. Despite the blatant injustices we are experiencing, we must protect ourselves by remaining calm this election season.

QUESTION: Mr. Armstrong, I’m sure you do not remember me. I worked on Capital Hill when you were shuffling around the halls pitching to reform the debt and social security. This interview was too short, and you did not get to explain the full scope of what you were doing. I think you should also state your plan to revise Social Security.

RB

ANSWER: I think you were in the office next to Bill Archer. Yes, you are correct. I was also asked back then to reform Social Security and transform it into a Wealth Fund. That was part of the debt reform to eliminate debt, which meant they used Social Security to buy debt that would have to end. I laid out that we would convert to a Wealth Fund, allocating to managers who submitted their track records only with at least a 10-year live history. The Democrats would not go for it, claiming it was risky, and they wanted to reallocate the fund to managers they selected if they won back the House. The Dow Jones Industrials was 5500 at the time. We would have saved the country and everyone’s future.

The System will crumble, and people will be robbed of their future all because we have career politicians running the government rather than We the People. We NEED a Direct Democracy. I will dive into that at the WEC.

Many people believe that my case was instigated by the CIA involvement with the bankers because I refused to hand over $10 billion to fund a Regime Change in Russia back in 2000. I do not know the extent of the CIA involvement in the interference in the 2000 Russian election and the blackmail of Yeltsin. All I know is after our computer had forecast the collapse of the Russian economy in 1998, that is when the CIA wanted me to build the model for them, which I declined. I am also not sure who was behind the attempted assassination of me. I was in a coma but survived, to everyone’s dismay.

I do believe that the CIA took out his father and uncle, and I do fear we may see at least attempted assassination in light of a Trump Victory. These Neocons have seized power of American foreign policy. They are evil people who just assume they will win with no regard for the country, no less our people.

This was the Tax Reform Proposal for Congress in 1996. It set the stage for the abolishment of the Income Tax, the introduction of the Consumption Tax, and the restoration of the tax system prior to Marxism. The proposal in its entirety is provided here in PDF format, Parts 1 to 6.

• Tax-Reform-1
• Tax-Reform-2
• Tax-Reform-3
• Tax-Reform-4
• Tax-Reform-5
• Tax-Reform-6

Armstrong Testifies Before House Ways & Means Committee

Armstrong Debates Steve Forbes & Governor Jim Florio on Taxes at Princeton University