-->Früher gab es bei Princeton International ein Buch im PDF Format, von Michael Armstrong mit dem Titel"The greatest Bull market in history" dort wird u.a. der spread zwischen Corporates und Goverments zwischen 1920-1930s beobachtet, zudem spricht er von einem Krebs namens Goverment debt, welcher sich seit dem Bürgerkrieg auf Amerkika ausbreitete.

Wer das PDF File irgendwann einmal heruntergeladen hat und noch besitzt könnte es mir vielleicht mailan (andreas@lambrou.de) und ich stelle es dann dem Board zum Download zur Verfügung, wenn ihr selbst über eine Uploadmöglichkeit verfügt wäre ein LINK ganz toll. Denke, dass es viele hier interessieren dürfte.

Das PDF File wurde tausende male heruntergeladen und Armstrong ist ziemlich bekannt. Leider kann man ihn anscheinend nicht selber fragen, da er wegen irgendwelcher Fraud Geschichten im Knast sitzt. Angeblich hat er 14 Mio. US$ in Gold auf die Seite geschafft ;-) Jeder Tag im Knast wird ihm also gut bezahlt ;-)

Der Fall sieht für mich schon irgendwie nach Manipulation aus... Wie sonst kann man sich erklären, dass Armstrong bereits so lange festgehaltenwird, wohingegen tausende DOTCOM SCHWERVERBRECHER immer noch ihr Handwerk betreiben!


Armstrong, Jailed Trader, Denies He Has Keys to Obtain Freedom
David Glovin
Bloomberg News
August 6, 2002

New York, Aug. 6 (Bloomberg) -- The price of freedom for Martin Armstrong is $14.9 million in gold bars, coins and other property that he says he doesn't have.

Once one of the world's largest silver traders with an office overlooking Tokyo's Imperial Palace, Armstrong now shares a 75-square-foot cell with an accused drug dealer, says he spends six hours a day in a prison law library and worries that jailhouse food is raising his cholesterol. The former manager of $3 billion for Japanese investors can't even control the cellblock television often tuned to cartoons and sports.

Armstrong, 52, the ex-chairman of Princeton Economics International Inc. who's accused of an $800 million swindle, has been behind bars since January 2000 for refusing to surrender the $14.9 million. He has spent more days in prison for contempt than anyone in a white-collar fraud case, his lawyer said. An Illinois man once spent a decade in prison for refusing to say what happened to his missing daughter.

``I don't expect to get out anytime soon,'' Armstrong said in an interview at a federal jail in lower Manhattan. ``That's the way it is, and I fully intend to fight.''

U.S. District Judge Richard Owen, presiding over the government's civil suit against Armstrong, can keep him in jail indefinitely on the contempt holding. The missing gold bars, coins and the rest are sought by federal officials to help offset what they say are proceeds of his fraud.

Separately, Armstrong has been accused by federal prosecutors of criminal fraud and was freed on a $5 million bond after his arrest in 1999.

Struggling With Prison Life
Armstrong said he has struggled to adjust to prison life.

``You have to be cautious,'' Armstrong said ``You have to know who's who. I've learned what a criminal is.''

Armstrong denies having the 102 gold bars, 699 gold coins, a Julius Caesar bust, a computer and hard drive that the government says he once stored in his New Jersey home. He has been ordered to produce the property or explain what happened to it.

``There is surely a limit to how long someone will choose to stay in jail, even for $14.9 million,'' a federal appeals court said in March, upholding Owen's order. Armstrong can be incarcerated as long as the aim is to coerce him to obey the court, rather than to punish him, the appeals court said.

``This guy is not going to get out,'' said Robert Sedler, a law professor at Detroit's Wayne State University.

Armstrong built a reputation on his theory that economic cycles tend to recur over centuries. He pitched the model at seminars that attracted thousands of executives and helped Princeton Economics attract about $3 billion from more than 70 Japanese companies. Armstrong routinely traded on 30 markets as varied as currency and oil.

Sued by Regulators
The Securities and Exchange Commission and Commodity Futures Trading Commission sued Armstrong in 1999. He also was charged separately with running an illegal Ponzi scheme that hid $367 million in losses by paying investors with funds from new ones. Prosecutors say Armstrong stole $169 million, and he faces as much as 10 years in prison if convicted.

In December, Republic New York Corp., now a unit of HSBC Holdings Plc, paid $606 million in restitution to Princeton Economics investors after pleading guilty to aiding Armstrong. The 60 victims included Amada Co., Japan's largest metalworking machinery maker, and Alps Electric Co., an electronic parts maker.

Armstrong's assets are frozen and his firm is under a receiver's control. He denies wrongdoing, claiming his trading complied with a common Japanese practice that lets companies delay reporting losses.

Regulators and the receiver say Armstrong can walk free tomorrow if he just tells them where the loot is hidden.

``I've been writing this guy for 2 1/2 years,'' said lawyer Tancred Schiavoni, who works with receiver Alan M. Cohen. ``He's stonewalled every effort. He won't meet with us. He won't talk to us.''

Won't Plead Guilty
For his part, Armstrong complains that Cohen's law firm, O'Melveny & Myers, and an accounting firm, PricewaterhouseCoopers LLP, have earned $7.2 million in fees. Cohen says his efforts helped land the $606 million recovery from Republic. Armstrong denies that, charging that Cohen is biased.

Armstrong has become a jailhouse lawyer, spending his days in the library studying case law on contempt, securities fraud and the protection against self-incrimination.

He reviews Owen's past rulings, files handwritten legal motions and is seeking to appeal his jailing to the U.S. Supreme Court.

``He's got nothing else to do, so he makes motions,'' said David Cooper, Armstrong's second court-appointed criminal lawyer. Armstrong wants Cooper replaced, which has stalled the criminal case.

Jailhouse Lawyer
Armstrong has helped write legal briefs for other inmates and says many are innocent. He's drafting a challenge to the deportation of aliens who commit crimes.

``Guys would plead guilty to anything to get out of here,'' he said. ``There's no fresh air. You don't see the trees. You don't go outside.''

When he was jailed, Armstrong says he was threatened by razor-wielding inmates demanding he reveal where the gold is. Armstrong's complexion is chalky and his stubble graying now. Prison rules allow him to wear rosary beads, though not a crucifix. Tape holds his eyeglasses together.

Job demands forced his son Martin Jr., 26, to scale back weekly visits to once every three weeks.

``If he feels he's right, or if he feels he's been wronged, he'll fight,'' the younger Armstrong said.


<ul> ~ http://www.armstrongdefensefund.org/</ul>