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Feb 26 2019

Funds Management & Trading – Behind the Curtain


Armstrong Economics Blog/Basic Concepts

Re-Posted Feb 26, 2019 by Martin Armstrong

QUESTION: Hello
I read all your blogs and prescribe to your market reports. I will now attend my first event in Rome. For me it all makes sense.

My questions is, which you must have gotten before, why don’t you offer a fund that is based on Socrates, so that we all your followers could invest in it.

Best regards
PaB

ANSWER: Yes, I get that question/request all the time. We are in negotiations with a government wealth fund that wants, not just to use the model, they want to open it up to accepting money to manage for individuals. The most critical thing to me is SECURITY. Before I could ever endorse any fund, there are basic questions of who controls the money and who makes the trading decisions. All the studies have shown that they can have a fantastic model and still lose money because human emotions will override trading decisions more often than not. It takes conviction (experience) to trade for others. People can claim to follow our model, but do they? Will they pull the trigger, get too greedy, or tremble at the thought of buying a falling knife? It is not always the model you are signing up for. It is the emotions of the trader behind the model that plays a very big role in decision making.

I was interviewed by a journalist in Munich. She knew I have been the largest strategic adviser in the world. When I testified before Congress, I had the equivalent of 50% of the national debt in assets under contract for advisory services. Her question was how could I step in during a crisis and make decisions that so many jobs and lives relied on? I told her I never thought of that. I just handled the crisis, saw the problems and acted. She told me she had interviewed people in other fields who were renowned for their skills. She explained to know a brain surgeon who was one of the best. He had to quit when he began to realize that the slightest mistake could cause the patient to not survive or become paralyzed. Before he thought about that and just acted, he was the best in his field. She explained to me that this was the same pattern that was common in all the various people she had interviewed. I found that very interesting.

There is generally over $1 trillion in the room at a WEC. The last one in Orlando had 37 countries represented. To this day, they still do not teach hedge fund management, currency hedging, or anything that deals with the risks of the real world. I help some of the biggest wealth funds in the world that are trying to help society survive the chaos. I help multinational companies survive the foreign exchange machinations and I run around the globe meeting with central banks. I do these things because I hope to change things for the better insofar as illustrating that we are all connected globally. This runs counter-trend to politics where people think they can elect one person to create jobs or whatever domestically. They will preach always taxing the rich. But the rich can leave. The wage earners cannot export his labor to a more favorable jurisdiction. The larger the government, the lower the economic growth, because the average person is left with a diminishing pot of disposable income.

These are my goals to help turn the tide in the big picture. Nothing will ever grow in a garden by just constructing a fence. You have to plant seeds. Politics has to change. Dr. James McHenry, one of Maryland’s delegates to the Convention to create the US Constitution, wrote in his notes that were first published in The American Historical Review, vol. 11, 1906 (p. 618) which recorded the exchange of words with Benjamin Franklin. It read: “A lady asked Dr. Franklin, ‘Well Doctor what have we got a republic or a monarchy?’ ‘A republic,’ replied the doctor, ‘If you can keep it.’” While Franklin and Thomas Jefferson are my two most respected Founding Fathers, the extent of their knowledge of the history of Rome was colored by Edward Gibbon’s Decline and Fall of the Roman Empire published in 1776 and Franklin had even met with Gibbon reading passages prior to its publication. Their misguided view of the fall of the Roman Republic was colored by Cicero who supported the oligarchy led by Cato. Julius Caesar was cheered by the people and the oligarchs fled Rome. Cicero painted Caesar as a dictator when that was a political office which even he had held. It was this misinterpretation of history that led to the establishment of a Republic rather than a Democracy.

I greatly appreciate all the emails asking me to return to funds management. Been there, done that. I still have trouble sleeping more than three hours straight because I was an international hedge fund manager. I was even named “Hedge Fund Manager of the Year,” along with many other things from “Economic of the Decade” to “Foreign Exchange Forecaster of the Year.” Socrates is the ONLY such system that covers the entire world and it has taught me so much over my life. It has enabled me to see the connections that otherwise would be far too complex to explore and record personally for there are far too many variables in play. Socrates is the ONLY system that can even write an original analysis in any market no less the fact that it does so on over 1,000 instruments worldwide providing objective analysis in areas that nobody else even covers.

I am not 25 and trying to make mountains of money. Fortunately, I have the luxury of not needing money in my life to survive. The more you make, the more you lose your personal freedom. Making billions does not change your lifestyle. That is money you cannot spend personally. As they say, it does not buy love, but it also attracts people who are not your friends. You will find yourself standing in the middle of a crowded room, and even if you are the center of attention, you are very much alone. So there is a balance. You want to be comfortable to support your family and enjoy this gift of life. Go too far, and you lose that as you become more and more isolated because of the money. I have been the target of corrupt courts, evil bankers who trade against their own clients, and court-appointed receivers who seize the company and stop its publication at the direction of the CFTC and SEC who are on a short leash held by the bankers. I believe they even tried to kill me. I was in a coma for a few days, but to their shock, I survived.

Mountains of money are really just monopoly money for power-plays like buying companies etc.. You can fly around the world 1st class and stay in the best hotels every night for a year and you will not spend $1 million. Yes, you can buy things like art or houses. But you become a slave to your money. You do not own it. It dictates your life.

So from a personal perspective, I do not need money. I am trying to pass on what I have learned. Civilization is constructed by the accumulation of knowledge. So I have no intention of going back to fund management. That is a 7-day a week job, on call 24 hours a day. I will do my best to find someone and some organization I can trust before I would ever make any recommendation. There are already too many people claiming to use Socrates to raise money. Remember one thing: they can claim anything. It is also the integrity and experience of the trader to follow a model free of his own emotions.

Categor

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By Centinel2012 • Posted in Economic Subjects • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Feb 25 2019

Supreme Court Did Not Rule on Civil Asset Forfeiture


Armstrong Economics Blog/Rule of Law

Re-Posted Feb 25, 2019 by Martin Armstrong

 

The US Supreme Court ruled UNANIMOUSLY (9-0) that the Constitution’s ban on Excessive Fineswithin the Eighth Amendment, is being reported incorrectly that this is a case against these outrageous Civil Asset Forfeitures – SORRY – Not True! This is a case that can be distinguished EASILY from a Civil Asset Forfeiture because here there was a crime to which Timbs plead guilty. In Austin v. United States, 509 U. S. 602 (1993), however, the Court held that civil in rem forfeitures fall within the Clause’s protection when they are at least partially punitive. Therefore, the confiscation of Timbs’ car was a blend of Civil Asset Forfeiture and a fine making it punitive.

There was no evidence that the car was used in a crime and he had purchased the car with money that traced to insurance – not a crime. So do not get you hopes up that this is changing any Civil Asset Forfeiture. In such cases the action is In Rem so they are not accusing you of a crime nor is it a pure fine. They are claiming that the money is guilty – not you. They have confiscated money because a dog smelled marijuana on your bag so they get to take everything from you. Because they are not charging you with some crime, it is NOT punitive. In this case, it is punitive because Timbs plead guilty to a crime.

However, the ruling effectively means states and local municipalities cannot use fines as a mechanism for raising revenue, something many local governments do. I remember when my father took a local judgeship in Cinnaminson NJ . The politicians told him they want him to fine everyone the maximum. This was back in the 1960s. My father refused and quit. Governments use fines to raise revenue for decades. It has never been about protecting the public. It is always about lining their own pockets. In this respect, the Timbs v Indiana decision is important. There have been studies that show governments seize property more from the poor communities knowing that they lack the understanding of the law and there are no lawyers willing to defend them when they cannot get paid. These studies show that 65% of civil assets forfeiture target the poor.

The hope going around is that Supreme Court’s decision will make it easier to fight such seizures under Civil Asset Forfeiture. Ginsburg noted that the Supreme Court has, at the federal level, found civil forfeiture actions are covered by the Excessive Fines Clause “when they are at least partially punitive.” With incorporation of the Excessive Fines Clause at the state level, the same standard should now apply in the state context too.

The entire proposition for civil asset forfeiture is based upon the ancient tradition of  ‘deodand’ which is derived from the Latin phrase ‘deo dandum,’ and means “given to God.” In ancient times, the object that caused the death of someone was forefeited to pay for their funeral. The King of England, in desperate need of money, replaced God with himself.  The Supreme Court upheld Civil Asset Forfeiture in 1974 writing:

At common law the value of an inanimate object directly or indirectly causing the accidental death of a [416 U.S. 663, 681] King’s subject was forfeited to the Crown as a deodand. 16 The origins of the deodand are traceable to Biblical 17 and pre-Judeo-Christian practices, which reflected the view that the instrument of death was accused and that religious expiation was required. See O. Holmes, The Common Law, c. 1 (1881). The value of the instrument was forfeited to the King, in the belief that the King would provide the money for Masses to be said for the good of the dead man’s soul, or insure that the deodand was put to charitable uses. 1 W. Blackstone, Commentaries *300. 18 When application of the deodand to religious or eleemosynary purposes ceased, and the deodand became a source of Crown revenue, the institution was justified as a penalty for carelessness.

CALERO-TOLEDO v. PEARSON YACHT LEASING CO.(1974)

The real argument has yet to be made that the King merely usurped the position of God for money and that violates the First Amendment prohibiting any law be written that violates religion and this the practice could not have survived the American Revolution.

The case is Timbs v. Indiana and it held a fairly obvious holding that the Eighth Amendment applies to the states as well through the Fourteen Amendment which was created following the Civil War, which was in part over State’s right that was centered on the Slavery issue because removing slaves was really economically undermining the Southern Economy. Thus, the Civil War was really over this issue of State Rights and were they really entitled to separate from the Union.

The Supreme Court Justice I held the most respect for was Justice Scalia because he was a strict constructionist and often ruled against the government. In a famous response to a letter, he wrote: “I cannot imagine that such a question could ever reach the Supreme Court. To begin with, the answer is clear. If there was any constitutional issue resolved by the Civil War, it is that there is no right to secede.”

Indeed, Scalia was really talking about the fact that Congress then passed the Fourteenth Amendment which held that really no State had any rights that were contrary to the Federal Constitution. The Fourteen Amendment held in the NEGATIVE that there were any separate State right to the contrary of the Constitution and then Congress passed the Fourteenth Amendmentwhich clearly held that all the rights, privileges, and immunities contained in the Federal Constitution applied to the states as well.

This Amendment was actually created by extortion. It was ratified in 1868 against the opposition of the succeeding President Andrew Johnson following Lincoln’s assassination. Johnson was a southerner and former slave owner who Congress even brought impeachment against because he objected to how the Northern States were treating the Southern States. The extortion took place that the Southern States were denied a right to representation in Congress UNLESS they agreed to the both the Thirteenth & Fourteenth Amendments.

Since then, there have been many cases that step by step held that each and every right, privilege, and immunity applied to the States through this Amendment. Therefore, it should be no surprise that the decision on this holding alone had to be unanimous.

Fourteenth Amendment

Section 1.

All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

…

Section 5.

The Congress shall have power to enforce, by appropriate legislation, the provisions of this article.

The case, Timbs v. Indiana, started with a lawsuit from Tyson Timbs, who pleaded guilty in Indiana to drug dealing and conspiracy to commit theft. After he pleaded guilty, the courts ordered him to forfeit a Land Rover SUV, valued at $42,000, that Timbs had bought with his dad’s life insurance policy. Timbs argued that the seizure was essentially an excessive fine, because it was more than four times the $10,000 maximum fine he could see from his drug conviction under state law. That was the legal question and it involved then the question of whether the Eigth Amendment applied to the States.

A trial court and the Court of Appeals of Indiana sided with Timbs, but the Indiana Supreme Court ruled that the Eighth Amendment doesn’t apply to the states. The US Supreme Court overturned the Indiana Supreme Court’s decision which was self-serving.

Justice Ruth Bader Ginsburg, adds another layer of legal protection for property rights since she delivered the opinion of the Court, in which ROBERTS, C. J., and BREYER, ALITO, SOTOMAYOR, KAGAN, GORSUCH, and KAVANAUGH, JJ., joined. However, GORSUCH, J., filed a concurring opinion. THOMAS, J., filed an opinion concurring in the judgment.

Justice Thomas concurred in the Judgment but stated he disagreed with how the court arrived at that judgment.

“I agree with the Court that the Fourteenth Amendment makes the Eighth Amendment’s prohibition on excessive fines fully applicable to the States. But I cannot agree with the route the Court takes to reach this conclusion. Instead of reading the Fourteenth Amendment’s Due Process Clause to encompass a substantive right that has nothing to do with “process,” I would hold that the right to be free from excessive fines is one of the “privileges or immunities of citizens of the United States” protected by the Fourteenth Amendment.”

JUSTICE GORSUCH, issued only a concurring opinion which is different from concurring in the Judgment.

The majority faithfully applies our precedent and, based on a wealth of historical evidence, concludes that the Fourteenth Amendment incorporates the Eighth Amendment’s Excessive Fines Clause against the States. I agree with that conclusion. As an original matter, I acknowledge, the appropriate vehicle for incorporation may well be the Fourteenth Amendment’s Privileges or Immunities Clause, rather than, as this Court has long assumed, the Due Process Clause.

Indiana attempted to claim that Civil Asset Forfeiture is not protected by the Eighth Amendment. Justice Ginsberg wrote for the Court:

As a fallback, Indiana argues that the Excessive Fines Clause cannot be incorporated if it applies to civil in rem forfeitures. We disagree. In considering whether the Fourteenth Amendment incorporates a protection contained in the Bill of Rights, we ask whether the right guaranteed—not each and every particular application of that right—is fundamental or deeply rooted. Indiana’s suggestion to the contrary is inconsistent with the approach we have taken in cases concerning novel applications of rights already deemed incorporated. For example, in Packingham v. North Carolina, 582 U. S. ___ (2017), we held that a North Carolina statute prohibiting registered sex offenders from accessing certain commonplace social media websites violated the First Amendment right to freedom of speech. In reaching this conclusion, we noted that the First Amendment’s Free Speech Clause was “applicable to the States under the Due Process Clause of the Fourteenth Amendment.” Id., at ___ (slip op., at 1). We did not, however, inquire whether the Free Speech Clause’s application specifically to social media websites was fundamental or deeply rooted. See also, e.g., Riley v. California, 573 U. S. 373 (2014) (holding, without separately considering incorporation, that States’ warrantless search of digital information stored on cell phones ordinarily violates the Fourth Amendment). Similarly here, regardless of whether application of the Excessive Fines Clause to civil in rem forfeitures is itself fundamental or deeply rooted, our conclusion that the Clause is incorporated remains unchanged.

With Justice Samuel A. Alito writing for the majority in McDonald v. Chicago (2010) reasoned that rights that are “fundamental to the Nation’s scheme of ordered liberty” or that are “deeply rooted in this Nation’s history and tradition” are appropriately applied to the states through the Fourteenth Amendment.

The Court held: “Exorbitant tolls undermine other constitutional liberties,” Ginsburg wrote. “Excessive fines can be used, for example, to retaliate against or chill the speech of political enemies.” She added, “Even absent a political motive, fines may be employed ‘in a measure out of accord with the penal goals of retribution and deterrence,’ for ‘fines are a source of revenue,’ while other forms of punishment ‘cost a State money.’”

Because Timbs was not a pure civil forfeiture case, we have not overturned civil forfeiture laws, where police can seize a person’s property without even proving the person was guilty of a crime. They will easily distinguish this saying this is not a fine as in the case of Timbs.

 

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By Centinel2012 • Posted in U. S. DC Uni-party • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Feb 25 2019

The Illinois Pension Crisis – Giving The Pensioners All State Assets


Armstrong Economics Blog/Pension Crisis

Re-Posted Feb 25, 2019 by Martin Armstrong

The new proposal in Illinois is for the state to transfer its assets so that they are owned, not by the people, but by the state employees. These proposals will never solve the problem because no one will look at the issue long-term. If they hand ownership to state employees they still run out of money. Who then fixes the infrastructure? The final step will be to hand the tax collectors to the pensions. Then we have civil war — state employees v the people

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By Centinel2012 • Posted in Economic Subjects, U. S. DC Uni-party • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Feb 24 2019

Capitalism – Oligarchies – Socialism


Armstrong Economics Blog/Economics

Re-Posted Feb 24, 2019 by Martin Armstrong

COMMENT #1: Hey Marty, I’ve never written you in this vein, but (always extremely talented) rich guys saying “Let the chips fall, free market capitalism” are gonna get washed away by this wave and we both know it. When the mass of people don’t even own a vegetable plot despite working their rears off for the dream, you know socialism is here however bad (Marxist) it is. If “capitalism” can’t offer a life (a living wage and a damn plot to park your ass on, not mountains of debt and stress, unless you happen to be born with a certain set of Republican talents) then “capitalism” is out however great it really and truly is. I will never mention politics again but revert to philosophy which is where we really live, and the only thing I really know anyway.

RF

COMMENT#2: Are you blind, Mr. Armstrong?
Don’t you see, that wealth equality is going out of hands?
It cannot be, that a 8 people control (Oxfam 2017) as much wealth as 50% of earth’s population and it get’s more extreme each year. All life is one and it is a responsibility of the heart to share. Capitalism has failed as the majority is not benefitting anymore from it.

REPLY: You are confusing capitalism with oligarchies. Disposable income has been declining because of taxes. Under Marxism, we pay between 300 and 800 times more than previous historical periods of taxes. The Roman Empire had taxes that would rise from 1% to 7% — not 50%+. ALLRepublics collapse into oligarchies because once one person pretends to represent many, they will NEVER put the interests of the many before themself. The lack of term limits means these politicians need money to sustain their position and therein allows the oligarchy to grow with power and influence.

CAPITALISM is the freedom to decide your own fate — not that oligarchies get to own everything. Under a Greek Democracy, only the head of the household voted. They were the Congressman representing everyone in that house. Under SOCIALISM, income taxes were invented meaning every person had to account to the government for what they earned. Women, who didn’t previously vote, suddenly were entitled to vote because they were being held accountable for their individual earnings and government began passing laws to protect people which then dictated things such as abortion or whatever.

So do not confuse an oligarchy with capitalism. They’re on opposite sides of the table.

As for the disparity in wealth, I volunteered in Washington to convert Social Security to a wealth fund during the ’90s. The Democrats would not vote for it because they wanted to change the fund manager when they came into power. The wealth disparity is NOT created by income but by investment. The government regulations restrict investments for the private citizen. The reason there are hedge funds offshore is very simple. We are over-regulated, so a fund manager who complies with the SEC goes to jail with the CFTC. You cannot hire a fund manager to make the decisions for you, so you have to decide between all the various investments yourself. Hedge fund managers make all those decisions but they cannot raise money domestically.

Categories: Economics

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By Centinel2012 • Posted in Civil Society, U. S. DC Uni-party • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
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Feb 23 2019

Germany Brags It Has Record Surplus


Armstrong Economics Blog/The Hunt for Taxes

Re-Posted Feb 23, 2019 by Martin Armstrong

The entire AUSTERITY policy of Germany is really oppressing its people to the point that their assets rank nearly the lowest in Europe and below that of even Italy. A German earning just $75,000 annually ends up in the 50% tax bracket. The economics of Europe is really reducing the standard of living and this is really behind the Yellow Vest uprising. Germany has imposed its AUSTERITY economic philosophy upon the whole of Europe.

This is coming to a head with the clash over the Italian budget. This May we will see major elections in Europe and there is a rising tide against austerity. We are holding our WEC in Rome this year May 3-4, because this is an EXTREMELY IMPORTANT turning point for the entire world. The stock market rally in the USA from December was driven by capital pouring into the USA as Europeans bought what the Americans were selling. While retail participation is still at 50% of 2007 levels, brokerage houses are reporting that clients have record high cash in their account post-2009.

The impact of the May elections will set the tone not just for Europe, but for the entire world.

 

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By Centinel2012 • Posted in U. S. DC Uni-party • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Feb 22 2019

Chicago – Where More People are Retired than Paying into Government Pensions


Armstrong Economics Blog/Pension Crisis

Re-Posted Feb 22, 2019 by Martin Armstrong

Over 80% of government pension funds are completely funded by the government with no employees paying into the funds. This reflects why governments are coming after the people and extorting more taxes under the threat of seizing your home and throwing you in prison. For 169 governmental bodies in Chicago, the numbers reveal the crisis. In Chicago, there are thousands of more retired state employees collecting pensions than active workers who are paying into it the pension funds. As reported, in a small suburban district known as the Arlington Heights Park District, there are 432 retirees collecting from that district’s pension fund with only 103 active employees paying into it. These shortfalls are expected to be funded by taxpayers.

What is happening in Chicago is indicative of the crisis engulfing Western governments as a whole. These people always counted on an increasing supply of taxpayers. But the birthrate has dropped as well as the marriage rate. The Democrats handed students to the bankers, removing all their rights to bankruptcy, and universities kept raising prices because funding for students would always be there. With over 60% of students now unable to find employment with the degrees they paid so dearly for, the future looks very bleak. They cannot buy homes because of their chronic debts. Marriage is declining and the under-30 generation has a majority that is not interested in even having children. There is a huge rise in VEGANISM as well.

The number of babies born in the United States continues to fall dramatically. The birth rate made a new record low during 2017, dropping 7% in a single year, according to the Centers for Disease Control and Prevention. Preliminary numbers for 2018 show that the decline has continued. The 1950s were called the “Baby Boom” when women had an average of 4.7 children in their lifetime. That has collapsed on a worldwide basis to 2.4 children per woman last year, and this decade is being called the great “Baby Bust.”

The global warming crowd should be ecstatic. They have reduced the human population growth by about 50%. The crisis now is there will be a shortage of taxpayers to fund their grand projects along with governments. Socialism cannot possibly survive when we exist to feed those in government who particularly never contributed to their own pensions

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By Centinel2012 • Posted in U. S. DC Uni-party • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Feb 21 2019

The Pension Crisis is Starting to Explode


Armstrong Economics Blog/Pension Crisis

Re-Posted Feb 21, 2019 by Martin Armstrong

At the current federal minimum wage of $7.25 per hour, working 40 hours per week, 52 weeks per year, yields an annual income of only $15,080. This is below the annual poverty line. It also reflects something that most people are unaware of — in Illinois, there are more than 19,000 retired teachers who get OVER $100,000 per year in their pension. According to the latest data, nearly 1.5 in ten federal employees are eligible to retire RIGHT NOW, and in five years the number will hit three in 10 or about 30%. The Housing and Urban Development Department in the federal government has the highest rate of employees eligible to retire right now of any major agency in government, which stands at a shocking 24%.

Under U.S. law, there are two broad types of retirement plans: defined-benefit (DB) and defined-contribution (DC) plans. The Defined-benefit plan has been mostly abandoned in the private sector because they were rapidly revealing how they failed to work. The DB plan use to come with a gold watch and ensured you some level of benefit for the rest of your life. This was all part of how to prevent another Great Depression. Typically, your employer would invest part of your compensation in the plan based on some formula. In some cases, you, the worker, might have added more money to the pot. The employer was required to send your defined benefit each month or quarter to a fund. Typically, this was in the form of a fixed-dollar amount, sometimes with periodic cost-of-living adjustments. That scheme ran into trouble that set standards for private-sector pension plans and defined their tax benefits under federal law because government wanted a piece of the action due to income taxes.

Most state and local government employees, actually 87% of those working full time, participate in a defined benefit (DB) pension plan. They contribute nothing but are simply guaranteed a pension on top of what they earned. These plans typically provide pensions based on members’ years of service and average salary over a specified period before retirement. On top of that, most members also receive cost-of-living adjustments that help maintain the purchasing power of their benefits during retirement. In the private sector, where defined contribution (DC) or 401(k)-style plans dominate, only 19% of full-time workers belong to DB plans. This is the real PENSION CRISIS. Government workers generally contribute nothing and demand tax increases to fund their pensions.

The DC plans emerged when the DB plans were showing signs of economic stress. The handwriting was on the wall. As taxes rose, the standard of living declined and governments wanted to regulate pensions to prevent too much money going into tax-free vehicles. The 401K is a kind of defined-contribution plan (as are various types of IRAs/Keogh/SEP plans, etc.) which emerged under the DC plan structure. Government regulations govern who puts money into the plan and how much. Typically, it’s you and your employer. Your employer also has to give you some reasonable investment options, but it’s up to you to use them wisely. Good luck. Most people have discovered nothing but losses. The advice for the general public has been biased, subject to conflicts of interest, and fragmented. This is because we have fragmented agencies (i.e. SEC & CFTC). The CFTC is regarded as the unqualified regulator. The lawyers there are the people who generally are turned down by the SEC. But the real crisis is that the regulations under the SEC and CFTC are exactly opposite. If you managed money under one agency’s rules, you went to jail under the other. This resulted in the development of offshore hedge funds where you paid a manager to make all the decisions, whereas domestically, a manger in stocks could not also advise on commodities. This resulted in conflicts of interest and has seriously harmed average people in understanding how to manage their own 401K.

Therefore, regulations have prejudiced the private sector while the public sector is predominantly under DB plans where government workers have no decisions they confront. This stark difference is coming to a head. Before 2032, there will be more people on retirement from government than actual workers. Taxes have NOWHERE to go but up dramatically because nobody is willing to look at reform. The new Modern Economic Theory is their answer — just print.

 

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By Centinel2012 • Posted in U. S. DC Uni-party • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Feb 20 2019

Alexandria Ocasio-Cortez & the New Democratic Socialists Call it a Victory to Lose 25,000 jobs


Armstrong Economics Blog/The Hunt for Taxes

Re-Posted Feb 20, 2019 by Martin Armstrong

In addition to Elizabeth Warren running in 2020 on a platform of imposing a 3% wealth tax on all assets annually, Bernie Sanders has also thrown in his hat to run for President. We also have people who actually wanted Alexandria Ocasio-Cortez to run for President arguing the 35 year age minimum was not fair. Other Democrats are starting to get really nervous for the big companies they count on for big bucks are starting to run away. Alexandria’s push for higher taxes to fund her Green New-Deal is giving a lot of Democrats deep concern about their funding. How can they justify outlawing air travel? Even Hillary counted on the bankers to line her pockets to take the presidency. They are not going to be there for Alexandra, Warren, or Sanders.

On the other is freshman Rep. Alexandria Ocasio-Cortez, who on Friday declared victory when Amazon announced it was having second thoughts about opening in Queens. Former New York Mayor Michael Bloomberg, demonstrated to the world that he too is either completely braindead, or pandering to the socialists. Bloomberg said that Amazon doesn’t really need any more tax breaks. He seems to be joining Alexandria against Governor Cuomo and New York Mayor de Blasio and Cuomo. Amazon announced it would NOT build in New York City after the attack it has received from Bloomberg and Ocasio-Cortez. You would think that at least Bloomberg would realize if one city offers a significant lower tax rate than New York, it is called COMPETITION!
Ocasio-Cortez and progressives called this a victory. So let’s see. Somehow not creating 25,000 jobs is a victory? The amount of taxes earned from salaries would have been $15 billion compared to a $3 billion tax deal. Sorry, but neither Bloomberg nor Ocasio-Cortez are suited for political office when they cannot see that the benefit of creating jobs outweighs their greed for taxes.

 

 

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By Centinel2012 • Posted in Economic Subjects • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Feb 18 2019

Explaining the Fall of Western Society As We Know It


Armstrong Economics Blog/ECM

Re-Posted Feb 18, 2019 by Martin Armstrong

QUESTION: Western Civilization will collapse by 2032.
I didn’t expect such a strong comment from you.
Specifically, what does this mean?
On the level of ancient Rome? Followed by the dark ages or just mediocrity and the rise of the East?

GVH

 

ANSWER: There is a serious risk that after 2032, this will be very much like the fall of Rome. Nonetheless, it is my personal hope that is we understand that risk, we can avert it and move to a new type of wave formation and learn from the past just once. At the lower threshold of risk lies that reality whereby at the very minimum we are looking at the collapse of centralized governments as took place in 1989 with communism. That will result in greater separatist movements and the breakup of national states as we know it today. The USA could break into four main regions. Britain would find it too splits and Scotland, as well as Wales and Ireland, revert back to their origins. The idea of centralized power in Europe will fail. There are even separatist movements in Germany beginning to rise with Bavaria against the north.

 

The fall of Rome moved back into a separatist trend. Even when Rome fell, that barbarians were imitating Roman traditions. They began to issue coins in the name of the East Emperor just to try to pretend that they were the rulers of the West.

Eventually, gold vanished from the money supply for nearly 600 years. It did not reappear until 1232 with the first coin being issued in Brindisi. This was issued in order to conduct trade with Byzantine and Arabs.

So what the computer is showing is the rise in civil unrest and the risk of war. Just look at what took place at the State of the Union – there is no UNION. This nonsense the Democrats have engaged in has fired the first shot that will be heard around the world. They opposite absolutely everything that Trump says or does and when the political tide switches, the Republicans will do the same to them. It is over. There is no common ground or going back.

This is part of what the computer is forecasting – the collapse of governments as we have known. NEVER before has anyone dared to say that the president was not “their” president. We always accept the winner even when it was someone we voted against. That acceptance no longer exists. Furthermore, we are looking at the collapse of socialism the same as communism. Both were derived from Karl Marx. They are both unsustainable economically. The pension system is collapsing. Just look at Illinois as an example. The state, provincial, and municipal levels of government cannot create money. All they can do is raise taxes to force people to pay state employees that were promises endless money for life.

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By Centinel2012 • Posted in Civil Society, Important, U. S. DC Uni-party • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Feb 18 2019

Where Does the Collapse of 2032 Come From?


Armstrong Ecomonics Blog/ECM

Re-Posted Feb 18, 2019 by Martin Armstrong

QUESTION #1: Thank you for choosing to live the strength of your convictions – especially through the terrible dark days of your solitary confinement. Thank you for all that you are doing for those of us who choose to watch, think and learn.

For over a decade I have been reading that China will replace the US as the world power in 2032 – not the early 30s or the decade of the 30’s, but that exact year. How is it that sources such as the Economist have been predicting this year as the year of change for such a long period of time? It looks like your computer is saying the same thing, when you state that “Western society will crumble by 2032.” What information is causing so many disparate reputable sources to cite this specific year?

K

QUESTION #2: It seems very odd that many others are starting to claim 2032 is the turning point. A friend of mine works at a magazine in London who has used that 2032. I asked him if they relied on your work. He smiled and just said they can’t mention you for political reasons. What is that about? Do you know?

DP

ANSWER: The computer projects 2032. It is not my opinion or premonition. How they  justify 2032 from an “opinion” perspective is beyond me. I do not believe anyone can give such a date with conviction from any current economic theory. It is strange that they will not cite our work. I think they fear repercussions from the governments that stick their foot into everything. Yet, governments are monitoring this perhaps out of their own self-interest. Shutting me up will not stop the clock from ticking.

I have no idea how it is possible to arrive at such a date off the top of your head. Even if you look at economics, the crisis begins 2020/2021. The year 2032 is by no means the beginning of the process, but rather the end.

Categories: EC

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By Centinel2012 • Posted in Civil Society, U. S. DC Uni-party • Tagged Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
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Centinel2012

Centinel2012

Semi-retired ex-military, ex-businessman, ex-inventor, ex-engineer and now full time member of the Tea Party. My current goal in life is to make sure that the truth is known to all with an open mind.

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