Taxation Without Representation or Even Residency


Tax Robbery

QUESTION: Mr. Armstrong; The taxation of the internet seems to be rising. At the same time it appears as though this could really harm the economy by reducing competitiveness of small companies trying to comply with collecting taxes of so many different states. Have you looked at this as a possible factor in creating the next economic depression?

Thanks

BV

ANSWER: Absolutely. There is a tremendous clash of jurisdictions and governments are fighting for more and more taxes to pay government pensions. It has turned into a them against us confrontation and he who makes the rules typically wins until he provokes revolution. Most revolutions are ALWAYS over taxes as was the American and French Revolutions. The Supreme Court ruled in Quill Corporation v. North Dakota 504 U.S. 298 (1992) that there was nothing inherently unconstitutional about requiring out-of-state retailers selling over the internet to collect state and local sales taxes on orders shipped to in-state residents.  The only question was whether imposing such a requirement would cross the line from an acceptable burden on interstate commerce to an unreasonable one. That the Court did not decide. They claimed that technology had greatly eased the burden of collecting taxes for multiple jurisdictions, however, the Court concluded that Congress should make the call.

The ruling demonstrates how courts cannot be trusted to defend our liberty when those judging are appointed by the political machine. What if every state applied taxation based upon the same methodology that the Feds do. Lets say you were born in New York but moved to San Francisco. New York could then claim that since you were merely born there, you owe taxation to them on your income yet you use no services. California then imposes income tax on the theory you are a resident using services. Now you owe income taxes to two States plus the Feds. This would destroy the freedom of movement rapidly. Those who leave the United States suffer the same fate and owe taxes to the USA for the simple reason of their birth.

If the Congress enacted such a law demanding everyone on the internet are tax collectors for every possible taxing authority, the economy would collapse. Then cities could demand the same thing so places like Philadelphia or New York City that impose additional sales taxes of some kind would jump on the wagon and everything would collapse. Now you can see how revolution is born. Those in power always want more without regard for the consequences. This is why I have argued we MUST eliminate income taxes at the federal level and states must be restricted to their territory. No state has the right to impose any duty upon a non-resident of their jurisdiction – PERIOD. Forcing small business to collect taxes for every state would destroy small business and compels them to be quasi-government employees with criminal penalties for failure to comply, without any compensation.

THE ONE THING THE GOVERNMENT FEARS . . .


Over the past 50 years we have let the government break us down into sub groups so we can be better controlled. White American, African Americans, Hispanic Americans, LBGT Americans etc etc. This is wrong if you are here and a Citizen you are an American period and until we refuse to let them peg us as something else they will always have a hold over us and we will not be free.

Never Trump Campaign Ends Pathetic Effort With Parliamentary Fizzle…


It was a long battle but the end is now only a few days away and the result is clear. But this was only the first of three battles that it will take to win the war. The next will be nasty but beating Hillary will be achieved and Trump will be the next President. The last battle and the most important one is putting American back on the right track and this is going to be a lot harder than the first two since it took decades of mismanagement by both parties to get us to this point. From what I can see trump is the only one that could do this and I hope and pray that he is successful!

The Shady Bunch…


A must watch — I love it!

Britain’s Chancellor of the Exchequer Revolts Against Merkel


Philip_Hammond

The new British Finance Minister Philip Hammond, was appoint as  Chancellor of the Exchequer on July 13th, 2016. Hammond is a welcome relief and has come out and departed with Draghi and Merkel stating: “The markets need calming signals. You need to know that we will do everything necessary to keep on track the economy. “ Hammond came out and stated that it is time to rethink the economic policy of his country and in reality Europe. He stated rationally that the entire idea of  austerity was the appropriate response to the financial crisis of 2008. However, Hammond stated bluntly that the world is in a completely different position today. Effectively, Hammond outright fundamentally rejected the economic policies of Angela Merkel. What we are beginning to see is an economic revolution against the idea of Merkel’s austerity programs. From Italy and France, we are also hearing the same rebellion.

May Becomes PM in Britain & Boris Becomes Foreign Secretary


May becomes PM

TEU Crisisheresa May became the new Prime Minister of Britain on Wednesday and formally met with the Queen to ask permission to lead her government. May is now embracing BREXIT as such members are dominating her cabinet and on top of that, May made the main Brexit campaigner Boris Johnson her foreign secretary. May is positioning Britain to exit the EU. This is fantastic news for Britain may survive rather than be dragged down by the collapse of the EU. This would be a restoration of economic sanity.

While the British pound will still move lower as the world economy implodes, forcing the dollar higher, the pound will survive compared to the euro which is off to the emergency room.

The Brits who though staying in the EU was doable will gradually see the real crisis unfold. As the EU banking system is in shambles, they will quickly see that extracting Britain from the EU was the only viable option.

Lynch is Clearly Compromised by Comey


Lynch Loretta - R

What is beginning to surface is that there has been a rift between Comey and the Obama Administration. Lynch is refusing to answer any question into Hillary’s emails before the House Judicial Committee. She claims it would be “inappropriate” for her to answer and tells them to talk to Comey. She said, “As attorney general, I am not able to provide any further comment on the facts or the substance of the investigation.” Since she has declined to indict Hillary, there is no longer an investigation. Even under the Freedom of Information Act, she must comply.

Lynch avoided every possible question. She managed to frustrate the committee like no other Attorney General in history. One member even said he missed Eric Holder. One member asked her, “Driving down the road, speed limit says 55, I’m doing 65. Have I broke the law?” Her arrogant reply was, “You would have to ask the Highway Patrol.” If she cannot answer even that question, she should be impeached from her position.

This is starting to demonstrate that Comey did not inform Lynch or Obama that he was going to air all the evidence and then claim no recommendation, because even if he did recommend an indictment, Lynch would never go against party politics. It is becoming clear that Comey aired the evidence because he knew that Lynch would never release anything and then point to his recommendation of no indictment. Comey was pulling a cover-your-ass move.

Lynch should be impeached, sanctioned, dismissed from her post and held in contempt of Congress.

Hilarious Turn of Events – Third Party Candidates Hurt Clinton More than Trump…


Hillary is sch a loser that if it wasn’t for the support of the media she would be behind double digits in every state. I’d say that if it wasn’t for the media she wouldn’t even win one state she is just not likeable! Trump is likeable and its only the media that tries to make him the opposite — but that is a lot harder to do making someone that is likeable unlikable verses making someone really unlikable likeable.

Comey v Lynch


Comey-James FBI-Portrait

QUESTION: Do you think that Comey is protecting the Democrats by refusing to indict Hillary when he was originally appointed by a Republican? Why the switch?

ANSWER: Let me explain something here. I believe Comey was not about to recommend an indictment on Hillary. But Comey’s role is the head of the FBI, not a prosecutor at the Department of Justice. He took the heat for this but we have to dig a little deeper.

Lynch was caught meeting with Bill Clinton and I believe that had to do with a separate investigation into the Clinton Foundation. Bill had to have known there would never be an indictment. The Democrats let Hillary run and Joe Biden failed to step in. So the deal was cut for Hillary. The elite judge people and they think Hillary can win simply because she is a woman. However, the under-45 women are not impressed with that.

Clinton-Lynch

Lynch said she would accept whatever recommendation Comey presented, but at the same time, the DOJ said she held the final decision. Legally, Comey was just the FBI. The FBI has no constitutional power to bring an indictment. Therefore, the fix was in. If Comey is speaking the truth and nobody knew he was making that announcement that day, which happened to time with Obama coming out for Hillary, then we must consider that Comey effectively put Hillary on public trial by explaining everything she actually did. If Comey merely sent a report to Lynch, this info would NEVER have been released. So, if we take Comey at his word that he did not tell Obama or Lynch, then what he did was put Hillary on public trial.

True, Comey manipulated the statutes to clear Hillary. That was so obvious, that one must wonder if he thinks everyone is that stupid. Or, just maybe, Comey did not tell Obama or Lynch and put all the evidence out there knowing this would lead to a Congressional investigation, which would take the case out of Lynch’s rigged hands. This all depends on whether or not Comey was telling the truth that neither Obama nor Lynch knew what he was going to do. It certainly seems that this was more detrimental to Hillary than anything was so far.

Hillary’s lead over Donald Trump collapsed to just 3 points after Comey’s shocking announcement. There will be Congressional investigations and there is so much dirt on Hillary, well, she just may lose after all. Keep in mind we are all getting tired of this election that seems to never end. It is just a little more than half over. So we have seen a lot thus far, but we may not have seen enough just yet.

Rating Agencies Downgrade 24 Counties


BIG BANG ECM 2015.75

The three main credit rating agencies have been downgrading government debt at an alarming rate, which confirms our computer models, albeit a tad late. The first half of 2016 has seen more sovereign downgrades since the crash of 2009. The first six months of last year saw Moody’s downgrade 24 governments, Standard & Poor’s 16 governments, and Fitch 14. This has included Saudi Arabia and Brazil.