COMMENT #1: I used to be there at your 2011 WEC. I used to be dragged alongside by a buddy. I keep in mind nicely your forecast for struggle beginning in 2014 and your forecast that the Dow would go to 40,000. I assumed you have been loopy. I wager my buddy $100 you’d be fallacious. I needed to pay up. Right here we’re at 40,000 and the Ukraine struggle began in 2014. I’ve to confess, I now see why establishments line up at your door and the federal government needed your mannequin.
You’re a reward to mankind after we want readability greater than ever.
Thanks. It was the most effective wager I ever misplaced.
EP
COMMENT #2: everybody thought you have been loopy years in the past if you mentioned dow 40000–right here we’re. all of it got here true.
COMMENT #3: You’re the solely analyst who’s constant. I recognize it isn’t your private opinion like everybody else. That forecast the Dow would attain 40,000 is right here and so is the struggle.
Keep protected. My complete household now listens to you.
HW
REPLY: As a result of my father was a lawyer who at all times hoped he would put “and son” on the door, I upset him in that regard. For no matter motive, I used to be at all times fascinated by what made the rise and fall of markets in addition to empires, nations, and city-states. He did train me about regulation from in all probability 7 years previous. He handed me Aristotle to learn for one summer season. I handed that to my son within the household custom when he grew to become a young person. But he additionally instilled an curiosity in historical past. I purchased my first Roman coin for $10, in all probability once I was 10 to 12 years previous. I might maintain historical past within the palm of my hand. I noticed the US take silver out of the cash in 1965, and I noticed the parallel to Rome and the way the identical sample emerged.
I additionally must thank him for seeing the way forward for computer systems and pushing me into laptop engineering, the place within the ’60s, we needed to research {hardware} design in addition to software program. I realized to code in machine language and linked the dots between programming and buying and selling within the ’70s. Taking the household to Europe for the summer season of 1964 opened my eyes to the world of currencies since we traveled throughout from Sweden to Italy and the whole lot in between.
That every one set the stage for this journey I’ve been on, which I by no means got down to accomplish. Nonetheless, due to that worldview instilled in me by my father, I noticed the world of finance, and that 1964 journey taught me, transferring from one present to the following, that my residence forex was actually a psychological language of worth. I must take heed to the worth in no matter forex after which convert that in my head again to {dollars}, and solely then might I rationalize if it was a good worth or not. Thus, I designed Socrates to have a look at the world and decide who will do what for everybody will make a judgment name based mostly upon their residence forex, which is a language of worth of their head. Right here, you possibly can see how the identical market seems otherwise relying in your forex.
All of that set me on the trail to the place I’m in the present day, however it additionally taught me a lesson that opinions will not be the best way to forecast. I in all probability have extra expertise than most. I’ve been to White Home dinners, been on a board of a financial institution, met with board members of IMF and heads of state, addressed boards of the biggest banks internationally, been a global hedge fund supervisor, and been referred to as in by so many central banks in addition to testified earlier than Congress and been referred to as in for almost each monetary disaster all over the world. That’s simply the shortlist.
As a result of we specialised in forex, that has put me in the midst of virtually the whole lot for the reason that Seventies. Forex was the mover and shakers behind the politics of the world. It was excess of merely buying and selling purchase right here and promote there. It’s why the CFTC had even subpoenaed me, demanding an inventory of all my shoppers worldwide so they might show I manipulated the world as a result of I used to be too influential of their view. I defended in courtroom and gained. They have been at all times in search of to close down the forecasting.
Historical past repeats as a result of humanity by no means learns. These individuals who push for struggle don’t have any finish recreation. No one ever appears to ask – what comes subsequent. They took down Saddam Hussein and by no means as soon as requested: What would occur for those who overthrew a authorities?
They’re doing that once more with Russia. Victoria Nuland is extremely harmful. She personally hates Russians, and no person has a view of what would occur for those who overthrew the Russian authorities. Would you then have nukes on the market on the black market?
I’ve been behind the scenes. I’ve by no means witnessed such evil and incompetent folks in cost. I suppose that is crucial as we head into 2032. I wish to stress that these forecasts are NOT my opinion. They don’t seem to be based mostly on something apart from the uncooked economics and capital flows. They don’t seem to be based mostly on spiritual philosophy, nor did I introduce astrology. They’re the target view of the pc, the ONLY absolutely functioning AI system on this planet monitoring the worldwide financial system with a monitor document of almost 50 years.
Sure, persons are saying I ought to float it now. It will be price a whole lot of billions. I don’t have the time or the vitality to take that on now. No one respectful has been beating down my door who would preserve my dream to make sure it helps the world – not a small click on.
