May 13 2024

Ep 3350a – Trump Embraces The Crypto/Blockchain In The US, So It Begins

Posted originally on Rumble By X 22 Report on: May 9, 2024 at 5:03 pm EST

May 13 2024

China Dethroned as Germany’s Largest Trading Partner

Posted origially on May 13, 2024 By Martin Armstrong

The United States has surpassed China to become Germany’s largest trading partner. Trade between the US and Germany came in at $68 billion (63 billion euros) during Q1, compared to about 60 billion euros between China and Germany.

If we look at these figures, they pale in comparison to the aid packages we are sending foreign nations. It is appropriate to put these numbers into perspective to understand the true economic unruliness of these proxy wars.

Now, the United States has not become more competitive, and there is a known lag in manufacturing. Biden promised to add an additional one million manufacturing jobs to the US but has failed to attract new business. The issue here is that Germany has stated they would like to reduce their reliance on Chinese goods, as does America. Concurrently, Chinese manufacturing has strengthened to where they do not need to export as many goods from Germany.

The IFO, a German economic research institute, found that only 37% of companies stated they were dependent on China in February 2024 compared to 46% in the year prior. The research center noted that the outbreak of Russia’s war with Ukraine was the catalyst for the West decreasing trade with China. “The proportion of German companies that rely on important inputs or goods from China has declined in both industry and trade and is now just under 40% in each case,” the study states.

It is undeniable that Chinese goods come at a lower cost to the consumer. However, smart business does not conduct trade with an adversary, and the West was the first to label China due to its ties to Russia and the West’s desire to dismantle the One China policy with Taiwan. China is also hesitant to conduct business in the West, as they have seen numerous businesses sanctioned or dismantled. People are praising the US and Germany for reducing trade with China, one of the bad guys. They do not realize that this will lead to a higher cost of goods for everyone.

May 13 2024

Over Half of New IRS Audits Targeted the Middle Class

Posted May 13, 2024 By Martin Armstrong

Washington’s reckless spending comes with a cost to US taxpayers. While the fed may simply roll over their debt and issue new debt to pay off the old, the American public is on the hook for immediate liquidity every single year via taxation. The misconception that Biden would only target the wealthy needs to be dispelled as a recent study reveals that 63% of new audits targeted Americans earning under $200,000.

Now, Biden initially claimed he would send his troop of IRS agents to target Americans earning double that amount. The billionaire class was not targeted, as 80% of all audits were on filers earning under $1 million. Yes, there are far more taxpayers in the middle and lower brackets. However, the IRS merely claimed they would prioritize hunting higher earners; they never explicitly said they wouldn’t come after ALL Americans.

The entire hunt for taxation has been a war on the middle class, who is unable to file massive write-offs and cannot afford to continue paying Uncle Sam on every incoming and outgoing transaction, plus savings, income, and everything else from birth to death. Washington effectively lowered our purchasing power by fueling inflation through absurd fiscal and social policies, and now they are asking people to give them even more of whatever money that remains. Washington continues to spend taxpayer funds on initiatives that the people have never once voted on, and ahead of election season, Biden is going on yet another spending spree with your money to buy off voters.

The highest earners know how to avoid taxes. Trump famously told Hillary during a debate prior to the 2016 US Presidential Election that he obviously used the loopholes in the tax system, as do all financially savvy businessmen. “Her donors took massive tax write offs… and other things that Hillary as a Senator allowed,” Trump stated during the debate. “So do Warren Buffett, so does George Soros, and so do other people Hillary is supported by,” he added. Note that the Democrats in control have never repealed restrictions on these tax loopholes that only help their wealthy donors.

Every new war, aid package, climate change package, social program, and migrant who crosses the border is now the responsibility of the US taxpayer. They wrongly believe that our money belongs to the federal government, with the state also taking out their share. Then, they create new taxes, such as targeting capital gains, to ensure that every American is stretched thin. Did anyone vote for this nonsense? We do not live in a Democracy and anyone who says otherwise is either misinformed or lying.

It will become far easier for governments to extort the people when they introduce CBDC in January 2025. Uncle Sam will think you have hidden any cash on hand from him, cash that belongs to him, once they force us to digitize our dollars. Inflation will continue to rise above GDP and we will enter a period of stagflation. This is why I have warned countless times that private and tangible assets are a safer bet compared to cash as we move into 2028.

May 12 2024

Bannon Saturday Series: America’s Great Divide: Steve Bannon, 2nd Interview | FRONTLINE

Posted originally on Rumble By Bannons War Room on: May 11, 2024 at 08:00 pm EST

May 12 2024

Eliminating Cash in Australia ASAP – Number ONE Anti-Free Speech in the World

Posted originally on May 12, 2024 By Martin Armstrong

Macquarie Bank has announced it will Abolish Cash and it warns customers to prepare for the new CASHLESS WORD to ensure the government knows everything about you and what you are buying or selling. Macquarie has just over $250 billion in assets. They have informed clients that.

“Between January 2024 and November 2024, we’ll be phasing out our cash and cheque services across all Macquarie banking and wealth management products, including pension and super accounts.”

Australia is way ahead of the game with its socialistic agendas. They have been obsessed with taxes and have even gone as far as stalking children on their way to school and checking the school to see how they are being paid. This is real Hitler stuff. The Swiss created numbered accounts because Hitler forbade a German from having any account outside Germany.

Australia has turned so far to the LEFT they have become the NUMBER ONE censoring free speech in the world, all to keep their agenda moving forward. As an Australian resident, you are taxed on your worldwide income. This means you must declare all income you receive from foreign sources in your income tax return. The government wants two years in prison for anyone who paid for anything with more than $10,000 in cash. Australians have been blocked by Amazon from buying anything from their US site because the government has effectively imposed a tariff of 10% on anything an Australian may purchase under $1,000 from the internet overseas. The government directed Banks to hand over any information on the unexplained wealth of a convicted person in Australia. The socialists are insane down under. They want to impose that when you die, nothing goes to your children – it all should belong to the government.

Macquarie Bank is carrying out the final straw – the end of all CASH – that evil thing that keeps socialists up every night worrying about what you might have under the mattress. Cyclically, the Australia Act 1986 effectively terminated the ability of the British Parliament or Government to make laws for Australia or its States. That is the true date for Australian Independence cyclically. We are looking at how this present socialist government will collapse post-2032, but the process may begin by 2027. By 2037, we should see a completely new government for their ideas will bring the government crashing down the same as they brought Communism down in 1989-1991.