You know you're facing desperate times when an old man, wrongfully imprisoned for over ten years becomes a financial prophet on the Internet using just an old Remington typewriter. Ironically, the man was tried for a financial fraud that could not be proved, while the entire financial world crumbled from the multitude of frauds committed by bankers, lawyers, mortgage brokers, central bankers and government officials.
But that's exactly happened during the financial crisis of 2008. Martin Armstrong's story couldn't be written in a Hollywood script because it's just too unbelievable.
As tragic as it has been, hopefully his story will turn out to have an acceptable ending as Mr. Armstrong was released from prison early and is now serving the remainder of his sentence under house arrest.
Here is his letter published yesterday by a friend:
And Martin has also published his first piece of March 2011:
Contrahour wishes Martin Armstrong all the best and sincerely hopes that his typewriter gets upgraded to a new MacBook Pro.