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November 10, 2023 | Judge Arthur Engoron May Have Doomed New York City

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

QUESTION: You have not commented on Trump’s NY case. What do you think of this case?


ANSWER: It is a typical New York rigged trial. NOBODY ever gets a fair trial in New York. It is a cesspool of legal corruption. Judge Arthur Engoron is a national disgrace. When Trump’s lawyer Habba stood up to defend Trump, stating that the Engoron needed to “hear what he has to say.” The judge quickly scolded Habba, telling her, “I’m not here to hear what he has to say. He’s here to answer questions.”

He has already determined that everyone is guilty. This is about how much he can take from Trump and his family. They claim Trump should have paid $168 million more in interest. This is so absurd; it is just unimaginable.

In Securities Law, this applies between a professional and a member of the public. If I managed money for a major public corporation and said I wanted 50% of the profits, and they agreed, that is not fraud because, between two professionals, it is presumed they knew what they were doing.

This is not bank fraud, where the loans are paid off. The bank has its own assessors. They would have looked at the collateral listed and lent money on that and must have done their own diligence. For this case to even proceed is outrageous, for you could then scrutinize every loan ever made in New York City and claim that someone overvalued their house when they borrowed.

The ENTIRE world knows this is to interfere in the 2024 election. Both Argentina and Brazil said that a great idea and are doing the same to their opponents. As I have said, the computer is projecting massive civil unrest post-2024. It does not matter who wins the election; NEITHER side will accept the conclusion. I would NOT want to be in New York City post-election. This judge may have sealed the fate of New York City once and for all.

Any rational businessman should now avoid New York City for doing any business whatsoever.

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November 10th, 2023

Posted In: Armstrong Economics

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