Tag Archives: financial ponzi schemes

Mar 6 2016

Lagarde – Wants to Raise Retirement Age & Taxes to Steal More of Your Money


Armstrong Economics Blog

Re-Posted Mar 6, 2016 by Martin Armstrong

Lagarde Christine imf

Christine Lagarde remained at the IMF and one of three Troika members because she is a Socialist and on board with both raising retirement ages to cheat people out of what they planned and to raise taxes while closing all borders to the movement of capital. She is also pushing behind the curtain for the SDR to replace the dollar and then the IMF becomes the power behind a one-world currency without ever having to stand for election anywhere.
Lagarde if pitching as a priority the lifting of retirement ages to match her excuse, the increase in longevity gains. People have been taxed their whole lives and governments have squandered that money while making lavish promises. Now Lagarde was retained at the IMF because she can push the Socialist agenda which is robbing the average person while blaming the rich. She does not have to worry about elections so she can do as she likes. Then pension systems around the world world are collapsing not just due to demographics, but the stupidity of government management. Lagarde is looking to use the demographics as the excuse because government have been robbing the people all along while blaming the rich. Lagarde is looking to alter the pension systems by extending the “productive life” expectancy of individuals. Extending the retirement age will allow them to tax you longer in life while shortening your benefit period of retirement. If government was managed properly and honestly, there would be not such crisis had money actually been saved instead of spent.
Largard has been running around the world threatening all tax heavens that they would be blocked from the Swift System if they did not turnover all accounts. She even threaten the Vatican. Then she proposes broadening the tax base for consumption taxes (value-added or sales taxes), so everyone will pay a lot more including on the internet. Lagarde also wants to increase taxation of energy. She see the fall in oil as a windfall for new taxation to take prices back to their highs while enriching government.
Then she wants to improve taxation collection and proposes a tax on multinational corporations. She has supported the 2017 G20 accord to share info on everyone. Thus, Lagarde seeks to expand tax enforcement on a global scale making sure there is no place to hide. In the fiscal side, she argues that governments need to be better managed. However, she has no real suggestions how to accomplish that goal.

Beware of the IMF. They are seeking to emerge as the leader of a new one-world currency system.

Mar 6 2016

Bavarian Banks Not Depositing Money at ECB


Armstrong Economics Blog

Re-Posted Mar 6, 2016 by Martin Armstrong

ILLUSTRATION - 5000 Euro in 50-Euro-Scheinen werden am 03.02.2016 am Schalter einer Sparkasse in München (Bayern) in einer Geldzählmaschine gezählt. Foto: Matthias Balk/dpa (zu dpa «Bundesregierung wirbt für Bargeld-Limit von 5000 Euro» vom 03.02.2016) +++(c) dpa - Bildfunk+++

Bavarian banks have figured out that negative interest rates are insane. They must pay the ECB to hold their cash. They have decided it is better to store their cash and eliminate deposits at the ECB as reported by Spiegel Online. These people are just brain dead. They think negative interest rates will somehow “stimulate” the economy. No, they

Mar 4 2016

Hollande Objects to Any Special Deal for Britain to Stay in EU


Armstrong Economics Blog

Re-Posted Mar 4, 2016 by Martin Armstrong

Hollande-Francois-4

Sometimes you really have to ask: Is French President Francois Hollande simply clueless? At a European Union summit, Hollande said he opposes Britain’s demands for special treatment for its financial markets as a way to keep Britain in the bloc. Hollande has bluntly said that Britain cannot veto what happens in the Eurozone. Hollande’s socialist agenda will never yield. He is so out of touch with reality. If Britain remains in the EU, it will be the end of the financial markets in Britain. You definitely want to get your money out before you cannot. There is little doubt that Hollande will outlaw shorts, and that will destroy liquidity. This may be the final straw that diverts the financial capital of the world to Asia

Mar 2 2016

Super Tuesday Debrief, Primary Results and Anticipated GOPe Reactions….


This is war and in war the tactical plan ends when the battle begins. So far trump is ahead but there is still a long way to go — Trump needs to win Ohio and win in Florida those are must wins and we must do everything we can to achieve that goal.

Mar 2 2016

Moody’s Warns of 30% Rise in Commodity Based Company Bankruptcies in 2016


Armstrong Economics Blog

Re-Posted Mar 2, 2016 by Martin Armstrong

gold-prospector

The Commodity industry is bracing for a high year of bankruptcy and default filings impacting mining & metals along with oil & gas. Moody’s has also warned of global speculative-grade corporate defaults will increase by more than 30% in 2016 reaching the highest level since 2009. Those interested in mining shares should pay close attention to what you are buying. Until gold crosses that key resistance, we still have only a typical 3 month reaction. A rally must extend beyond March to  be impressive.

Mar 2 2016

Moody’s Lowers Credit Rating of China to Negative from Stable


Armstron Economics Blog

Re-Posted Mar 2, 2016 by Martin Armstrong

beijing-2

Moody’s lowers outlook on China’s credit rating to negative from stable. We have been warning that our models on China indicate that the bottom in the economy does not appear likely until 2020. This should be a 13 year contraction. So far that forecast appears to be on target.

Mar 2 2016

The Unfolding Pension Crisis


Armstrong Economics Blog

Re- Posted Mar 2, 2016 by Martin Armstrong

Pension-Crisis

Part of the collapse in confidence we are experiencing with government stems directly from the fact that politicians engage in far more criminal behavior than anyone in the corporate world. While bankers may manipulate markets to trade against clients, politicians just lie to keep their jobs. The fact that they are incapable of managing the country, no less the economy, is coming to a head. The pension crisis we face emerges from all the promises of socialism. The crisis sprung from the fact that they don’t fund much of their promises and just assume there are enough schmucks to tax.

What played out in Detroit was critical but they ignored the problem. Pensions exceeded 50% of the budget and the city could not raise taxes because people just left town. Now in Kansas, workers are discovering that after 33 years they are facing a 51% cut to their pensions. The Central States Pension Fund that covers 400,000 participants (220,000 of them are retired) will go completely bust within 10 years.

934-ECM 2011 - 2020

This story will replay over and over again throughout the country on the other side of 2017.9 (Nov 24/25, 2017). We should begin to read more and more about this problem when we pass 2016.825 (October 28, 2016).

Feb 28 2016

Bombshell Expose’ – Conservative Radio: Limbaugh, Ingraham, Hannity and Levin Were All Part of Gang-of-Eight “Gaslighting”…


So it would seem that some of our “friends” may not really be our friends — and that the deceit goes much deeper than most of us thought.

Feb 28 2016

Dow Outlook – Month End February 2016


 

Armstrong Economics Blog

Re-Posted Feb 28, 2016 by Martin Armstrong

DJIND-M 2-27-2016

 

Technically, the Dow Jones Industrials was almost set up to make a “Channel Move” between two channels. But they interestingly over-lapped instead with no gap between. This is one reason the SP500 could break last years low but not the Dow. We made a new high for the month on Friday closing at 16639.97. We elected a minor Monthly Bullish Reversal in the Dow last month at 16175. Here the low remains the week of January 20th. We really need a monthly closing above 17800 to signal a breakout to the upside is likely. We have a Directional Change in March and the target for a turning point comes in April and then June.

Keep in mind that is the Euro starts to give way, more and more capital will flee Europe into the USA. The smart money will buy the equity rather than government bonds.

A month-end closing ABOVE 16934 will be bullish. A closing beneath this level is will still bearish near-term.

Feb 27 2016

GDP Declines When Govt. Grows — This is Basic Common Sense


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Armstrong Economics Blog

Re-Posted Feb 27, 2016 by Martin Armstrong

Armey Curve

A reader has contributed these charts that demonstrate why the socialist agenda is destroying the world. As the reader points out: “It seems that the optimal govt spending (share) is max 35% (US, AUS), and not >50% like in Europe. Lower govt expenditure has doubled GDP at least in the recent history.” The socialists refuse to listen simply because they are greedy. If you earn $1,000 and your rent if $200, your disposable income is $800. If government demands 10%, you have $720 to spend; if government demands 50%, you have $400. This is why we call them “public servants” for they consume wealth; they do not produce it.
OECD Debt Growth
The OECD has done studies but nobody ever pays attention. Any way you cut it, the larger the share of the economy consumed by the government, the lower the economic growth. So the sublime fool never looks at the data and simply regurgitates the same socialist propaganda into infinity. They live in a state of total denial simply because the core of their position is sheer material jealousy. They justify robbing other people because they lack the wealth they wish they had. It is just a question of greed.