Low-Energy Nuclear Reactions & the Economic Confidence Model - Martin Armstrong

    • Official Post

    Martin Armstrong cover LENR in his blog


    Wikipedia

    Quote

    Martin Arthur Armstrong (born November 1, 1949 in New Jersey) is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned for over seven years for civil contempt of court, one of the longest-running cases of civil contempt in American legal history.[1] In August 2006, Armstrong pleaded guilty to one count of conspiracy to commit fraud, and began a five-year sentence.[2]






    http://www.armstrongeconomics.com/archives/39366







  • Many control systems are prone to ocillations, especilly if they are badly damped or have phase shifts or time delays. Each system can be modeled and it is the task of the specialists to put the right parameters in the model. If you have an economist like Armstrong who had modeled the 'structural disign of economic changes' he will be able to find mathematically similar parametes for his model as what a physisist would find for a LENR model. So, I am not surprised with the findings of Armstrong, I would be more surprised if the mathematical models were completely different.
    Oscillation is a powerful system behaviour to enhance the output a system, but makes it possibly also more sensitive to unstable behaviour.

    • Official Post

    There is a film on this guy, quite supportive


    http://forecaster-movie.com/en/the-story/


    Quite esoteric theory?


    Not inspiring trust to me.


    He seems to have a huge ego, which does not inspire trust to me, beside his Legal case.


    Armstrong was indicted on September 29, 1999 in the United States District Court for the Southern District of New York for an alleged fraud, where he was claimed to have been involved in a conspiracy with employees of Republic New York bank involving Japanese investors.
    In November 1999, several Japanese investors, such as the Amada Corporation, Japan’s largest manufacturer of metalworking machinery, and one of Armstrong’s clients, filed a lawsuit against Republic New York and two officers, accusing them of fraud. In the court papers filed, Amada sought recovery of at least $123 million plus punitive damages. The complaint made accusations of securities fraud against Republic New York, two subsidiaries and two officers. One officer was immediately suspended and one was replaced.
    Republic New York first tried to claim that its employees, who were illegally trading in accounts belonging to Armstrong, had conspired with Armstrong to hide their losses from the Japanese. However, after it became clear that the accounts did not belong to the Japanese investors but to Armstrong, as they had simply swapped their depreciated Japanese portfolios for low yielding Princeton Notes and not involving any funds management), Republic New York plead guilty on December 17, 2001, to fraud in federal court in connection with the fraud.


    His article about CEC is theoretical, so not an evidence of anything.
    Anyway it is interesting that such a finance guy is interested in the subject. A warning too.

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