Monthly Archives: January 2019
Cancelling Euros
Armstrong Economics Blog/Euro €
Re-Posted Jan 11, 2019 by Martin Armstrong
QUESTION: Dear Martin,
you are very right that govs intend to terminate high denomination euros. In Germany it has been impossible to pay cash with a €500 note for quite some time now – at least at most of the shops I usually go to on a weekly basis. At the end of last year they exchanged the ATMs in my house bank, so now €500 bills aren´t dispensed any more. It seems to me the gov is going to cancel these notes completely, i.e. withdraw them from circulation. What would you advise to people holding €500 notes at home?
Thank you very much in advance.
EZ
ANSWER: There will be a cancellation of the €500. That is the rumor behind the curtain. I would convert them as soon as possible to small bills and/or US dollars. There remains a distinct possibility that we will see Europe try to cancel its currency and take up the IMF’ proposal to move toward a cryptocurrency. They are desperate for taxes and they will raise taxes even further. As far as cash is concerned, as we move into 2020, it is time to make changes
Brother of Police Officer Murdered by Illegal Alien Delivers Remarks During Border Security Briefing…
Using Cameras in the Hunt for Taxes
Armstrong Economics Blog/The Hunt for Taxes
Re-Posted Jan 11, 2019 by Martin Armstrong
COMMENT: Hi,
Hunt for taxes is running full scale in Scandinavia.
In Sweden, all vehicles including foreign registered vehicles, are obliged to pay congestion taxes in Stockholm and Gothenburg as well as infrastructure charges in Motala and Sundsvall.
Sometimes, the automatic camera system reads the license plate falsely and few people in Finland have gotten monthly invoices, even though they or their car never were in Sweden, including some fire trucks that never leave their home town.
TThepayment is usually a few euros but the overdue payment is 500 SEK. The most horrible thing is that, of course, the due date comes so fast that if you don’t want to pay the 500 SEK overdue payment you just pay the invoice and then it is your burden to prove you never were in Sweden.
BR
JP
REPLY: We are witnessing police being converted into tax agents. This is no longer about protecting the public. It is about exploiting the public to fund government pensions. For every person who moves to retirement, the state then hires their replacement. Consequently, the cost of government is growing exponentially on a global basis and this is the reason why we are undergoing a MAJOR Cycle Inversion in how the markets will react between now and 2032. In Australia, they have been handing out parking tickets in your own driveway. In Australia, there are people who have figured out how to beat all these automated cameras. They clone license plates so other people get the tickets. In the USA, there have been major class actions lawsuits against automated cameras. In Cherry Hill, New Jersey, if you stopped but were 6 inches over the white line, you were still being given a ticket for running a red light. Then people making a right turn on a red were being given tickets for “rolling” rather than coming to a complete halt for at least 5 seconds. Other states are photographing your plate and then send you a ticket for whatever they can find or make up. Failure to have insurance is a popular one even if you have it, they know it is often cheaper to just pay it than spend all day in court.
This is no longer about safety or protecting anyone. It is just about raised revenue any way they can pretend to justify it
President Trump Delivers Impromptu Remarks Departing the White House – (Video and Transcript)….
Re-Posted from The Conservative Tree House on January 10, 2019 by sundance President Donald Trump delivers remarks to the press pool as he departs the White House for a visit to the border region in Texas. The majority of the remarks focus … Continue reading
Yellow Vests Destroying Speed Cameras
Armstrong Economics Blog/Corruption
Re-Posted Jan 11, 2019 by Martin Armstrong
The Yellow Vest movement is indeed spreading worldwide. In France, they are out destroying speed cameras. Most Americans are familiar only with the red light cameras that cities have been forced to take down for they are unconstitutional. That is why you did not get points for the violation, just penalties. In Europe, the speed cameras are outrageous. When I was living in Switzerland for a few months, boy did I get tickets galore. You suddenly find out that you get a ticket for just 1 km over the speed limit. In the States, a cop will not give you a ticket until you are more than 10 miles an hour over the limit. Your speedometer can be off as well as theirs. In Europe, there is no such recognition.
In Rome, just don’t bother even renting a car. All you will get are countless tickets as they change the speed limits at different times during the day and they will take a year to send you a ticket without any description of what the fine is even for. In Europe, these are just an excuse to impose more forms of taxes.
As government becomes ever increasingly desperate for money to pay their own pensions, we are headed into a clash that will be civil unrest on a global scale that will begin to rise much more dramatically after the turn in the ECN come January 2020. The polls show that the Yellow Vests Movement in France has 70% of the population behind them.
Democrats v Trump – The Mexican Standoff
Armstrong Economics Blog/Gov’t Incompetence
Re-Posted Jan 10, 2019 by Martin Armstrong
The reaction from the Democrats and the mainstream media against Trump is really absurd. VOXwrote that he should not even be allowed to address the nation. They wrote: “After watching President Trump’s primetime immigration speech Tuesday, my overwhelming impression was this: Why, oh why, did anyone think it was a good idea to air this on national television?” So here we have the pretend free press advocating filtering the news to be only what they support. Free Press does not mean they have the freedom to engage in personal propaganda.
CNN claimed to be a fact checker. They wrote that Trump overstated the entire illegal immigration position: “Available Customs and Border Protection data shows a total of 396,579 people were apprehended by the US Border Patrol for the fiscal year 2018 at the southwest border, which would mean an average of 1,087 each day — hardly the “thousands” that Trump purports. The numbers differ each month. The highest number of apprehensions was in September, with a daily average of nearly 1,400.” Of course, they omit the fact that number represents ONLY those they catch. Most rational people believe the number that makes it may be at least 3 times the number that they catch. If the border patrol caught 100% of all illegals, there would be no problem and no need for a wall in the first place. They also omit that employers violate the law by hiring people who are illegal and then exploit them as cheap labor.
Currently, the entire budget is $4.4 trillion for 2019. The interest alone to roll the national debt is $6.780 billion PER WEEK. The Democrats are shutting down the country blaming Trump over $5.7 billion – less than one week’s interest bill. The Democrats, which now has the majority in the House of Representatives, are unwilling to provide more than $US1.3 billion in border security funding, including money for only a fence rather than a wall. When I wrote to Chuck Schumer to help an alien who had become a victim of bank fraud who came here as a child, grew up in America, married an American, and had four American kids, any crime whatsoever they are deported splitting his family. Good old Chuck did nothing and would not even respond. So much for this being anything but politics.
All of this is demonstrating the severe damage being done to the economy over these stupid issues. The Democrats are only trying to undermine Trump and would vote against ANYTHING he proposes just to win the White House in 2020. The illegal trafficking coming across the border is pervasive. Even here in Tampa, when I moved here I was looking for a massage place to loosen my back with a deep tissue session. To my surprise, most places were sex joints with young girls who had been brought across the border illegally and made to work to support their family. The only place I could go with confidence was a chain I was familiar with from New Jersey – Hand & Stone. Since then, numerous towns have followed the ban on such places.
Nobody cares about the people. This is just politics and in the process, this demonstrates that Congress cannot govern anymore. Once we cross January 2020, this will grow in undermining the confidence in the government that will ultimately be reflected in the willingness to buy government debt. This Mexican Standoff has a more far-reaching impact for equities and commodities post-2020 than most people contemplate.
Wow – Seattle News Room Intentionally Manipulated Video of President Trump for Broadcast…
January 9, 2019
A statement from Fox affiliate Q13 in Seattle appears to confirm that a news video editor intentionally manipulated video feed from the public address of President Trump. “In a statement, Q13 noted that the video editor responsible has been placed on leave pending an internal investigation.” A side-by-side comparison shows the manipulation by the newsroom:
“We are investigating this to determine what happened,” said Q13’s news director. “This does not meet our editorial standards and we regret if it is seen as portraying the President in a negative light. The editor responsible for editing the footage is being placed on leave while we investigate further.” (link)
The level of bias within media toward President Trump is stunning.
Best Dobbs – On Mueller and Rosenstein Collaboration: When are People Going to Admit “The Republicans Got Rolled”…
January 9, 2019
Attorney Cleta Mitchell appears with Lou Dobbs to discuss Deputy Attorney General Rod Rosenstein’s plans to leave the DOJ in the coming weeks.
About two minutes into this discussion clear-eyed Dobbs asks when people are going to admit the Mueller probe was all about covering-up prior corruption; thereby positioning Cleta Mitchell to outline a specific example of how Speaker Paul Ryan worked against HPSCI Chairman Devin Nunes to undermine any investigative inquiry.
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Senate Judiciary Chairman Lindsey Graham Discusses His Meeting With AG Nominee William Barr…
January 9, 2019
The new Chairman of the Senate Judiciary Committee, Lindsey Graham, met with U.S. Attorney General nominee William Barr earlier today. After the meeting Graham answers media questions about their conversation as well as Graham’s reaction to Trump’s prime-time address Tuesday and the news of Rod Rosenstein’s expected departure.
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Senator Graham outlined that AG Nominee William Barr and Robert Mueller are close personal friends for decades. “They’ve been personal friends for over 20 years,” Graham said, noting they worked together previously at the Department of Justice. “His opinion of Mr. Mueller is very, very high in terms of ethics and character and professionalism.”
Graham said Barr’s and Mueller’s wives attend Bible study together and Mueller has attended the weddings of two of Barr’s daughters. “I didn’t know that they were that close personally,” Graham said.










