Tag Archives: George Soros

Nov 13 2017

The Coming Pension Rehabilitation Administration


Armstrong Economics Blog/Pension Crisis

Re-Posted Nov 13, 2017 by Martin Armstrong

 

Remember the S&L Crisis, well welcome to the Pension Crisis. It is becoming well known behind the curtain that we have a global pension crisis. I first reported this event more than 15 years ago. This at the WEC, we had more than 10 major pension funds attending from around the world. The crisis has been set in motion by the lowering of interest rates with the Crash of 2007. This is why the Fed Char Yellon has been talking about the need to “normalize” interest rates. The crisis in Europe is reaching catastrophic proportions.

In the USA, Senator Sherrod Brown, a Democrat from Ohio, intends to introduce legislation that would allow struggling multiemployer pension funds to borrow from the U.S. Treasury to remain solvent. The proposal being kicked around would create a new office within the Treasury Department called the Pension Rehabilitation Administration (PRA). The funds would come from the sale of Treasury-issued bonds to financial institutions. The pension funds could borrow for 30 years at low-interest rates. One restriction for borrowers is they could not make risky investments. That will mean they must buy government bonds since the government assumes whatever it issues in debt is risk-free, That propaganda is supported by the big accounting firms.

Nov 13 2017

Trump, White Supremacy, and Fake News (Larry Elder Interview)


Larry Elder (Author & Radio Host) joins Dave Rubin to discuss his views on Trump, the cries of white supremacy, and fake news.

Nov 13 2017

Larry Elder (Author & Radio Host) joins Dave Rubin to discuss his background, political evolution, and his views on “actual” racism vs systemic racism, Black Lives Matter, and more.


Larry Elder (Author & Radio Host) joins Dave Rubin to discuss his background, political evolution, and his views on “actual” racism vs systemic racism, Black Lives Matter, and more.

Nov 13 2017

Thomas Sowell Dismantles the Ideology of “Social Justice”


Thomas Sowell is an American economist, turned social theorist, political philosopher, and author. He is currently Senior Fellow at the Hoover Institution, Stanford University. In this segment he talks about the idological failures of Social Justice or what he calls “cosmic.

Nov 13 2017

Bill Whittle: SJW, SURPRISE!


William Alfred “Bill” Whittle (born April 7, 1959) is an American conservative blogger, political commentator, director, screenwriter, editor, pilot, and author.

Nov 13 2017

Bill Whittle: 5 STEPS to Take the Country Back from the Left


William Alfred “Bill” Whittle (born April 7, 1959) is an American conservative blogger, political commentator, director, screenwriter, editor, pilot, and author.

Nov 13 2017

Bill Whittle: How the Critical Theory Ruined a Generation


William Alfred “Bill” Whittle (born April 7, 1959) is an American conservative blogger, political commentator, director, screenwriter, editor, pilot, and author.

Nov 13 2017

Sunday Talks: Maria Bartiromo and Senator Blunt Discuss Senate Tax Bill…


Re-Posted from The Conservative Tree House on November 12, 2017 by

When Senator Blunt rises from the darkest and deepest part of the swamp to talk about senate Tax legislation (always written by the biggest K-St donors) you know the sausage is rotten.  Decepticon Blunt is only visible when the little people are conscripted to wash the cigar residue from the Senate’s Corinthian leather.

Senators: Blunt, Cornyn, McConnell, Hatch, Portman, Thune, McCain, Cochran, Murkowski, Graham and Corker will NEVER allow the income tax position of common-folk to supersede their corporate porkulous-minded financial interests.

CTH needed to be patient to see the architecture, and see if they retained their traditional approach at swamp constructs,… Now it’s visible, I can guarantee you this bill is destined to fail.  Maria Bartiromo knows it… she knows, and she’s playing the game; but you can see it behind her eyes… she knows.

.

Accepting that Donald Trump has exceptionally keen instincts, he had to know -in advance- where this was headed. The only purpose this bill serves is ammunition within the ‘big ugly’ to showcase, yet again, the corruption and ineptitude of the GOPe wing of the UniParty and how they are mere salespeople for their financiers on Wall Street/K-Street.

Forget tax reform; like the budget and O-care, it’s a moot point to discuss now.

President Trump needed three things from congress. Only Three Things:

¹♦Approval of his budget reducing $1 trillion in federal spending. – They failed.
²♦The repeal of and replacement of ObamaCare. They failed.
³♦Tax reform to generate middle-class tax cuts and international corporate competitiveness. – They failed.

It’s a big club, and we ain’t in it.

 

Nov 13 2017

Pension Crisis


Armstrong Economics Blog/Uncategorized

Re-Posted Oct 12, 2014 by Martin Armstrong

 

Detroit Bankruptcy UnionsAfter 2015.75, we will begin to observe the Pension Crisis manifest before our eyes. There are few governmental exceptions within Western Society without this serious trouble. While they keep everyone occupied between soccer and football, governments have done an incredible job of committing massive fraud upon the public. Public unions are simply demanding that governments raise taxes and extort money from other sectors to hand to them.

Government pension funds are a joke. Even in Britain,  pensions will run out of cash next year: Amount handed out to future generations will be disastrous. Those under 35 should not expect anything for their taxes. (see also the Mail). This will be part of the ever increasing civil unrest that we see coming after 2015.75 moving into January 2020.

Nov 13 2017

European Banking Crisis


Armstrong Economics Blog/Banking Crisis

Re-Posted Nov 13, 2017 by Martin Armstrong

There is intense resistance building against the stricter new rules on bad loans among the European banks. This will hit Italy hard and may push off the edge more than one Italian bank. With the elections coming next year in Italy, the banking rules may be the straw that breaks the back.

The background to the dispute is the demand of the ECB’s banking supervisor that banks must withhold higher reserves for the default-prone loans in their portfolios. The crisis stems from the fact that as taxes have increased, the economy has declined. The total bad loans in the Eurozone add up to about €844 billion euros. About 25% of this figure is concentrated in Italian banks.

A good stiff wind may blow over the European banking system