Armstrong Economics Blog
Re-Posted Sep 28, 2016 by Martin Armstrong
The World Trade Organization (WTO) has warned that there is a “dramatic slowing of trade growth” unfolding. The WTO has revised downward its projections, saying trade is now on track this year to grow at the slowest pace since 2009.
The hunt for taxes is destroying the world economy and on January 1, 2017, all governments will begin sharing info on foreigners. The assumption is that anyone doing anything outside the USA is hiding money from taxes. With this attitude, world trade will continue to collapse into 2020.
Centinel2012 
Good morning,
The problem, in my opinion, is that greed has taken the place of common sense. Thomas Paine once said that “the simpler something is the easier it is to understand and the easier to change when and if necessary.” That’s paraphrasing what he said but it’s pretty close.
The culprits in all this financial difficulty is big governments and self serving politicians.
Well, that’s my opinion.
George Phelps
League City, Texas
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2,000 page pieces of legislation and more where it only took 2 to write the constitution means there is something very wrong!
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On the macro scale, the rise of reason brought about our growth out of the Dark Ages. The application of economics took us from knowledge into prosperity. The successes of wealth generation and capital accumulation enabled the accountants and lawyers to become dominant. Now that the masses are well-sedated, reason is no longer of merit, economics is stood upon its head and the capital has been consumed. No wonder the World Trade activities measure as falling. Although the goose that laid the golden eggs has been regulated to death, let’s hope that at least one egg will be allowed to hatch – that civilization may some day return.
D.B.Marks
Toledo, OH
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A very good analysis of what we gave done to ourselves and I agree with you 100% It’s very sad but beyond fixing the shining light on the hill has gone just about been extinguished!
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There is truth in your words but as i told a friend of mine, never give up, because we have a ballot box for now. If we resort to bullets instead, there is no telling where we’ll end up.
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Very very true!
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