Once Trump is elected this is the cabal that he will need to deal with and that will not be a nice exchange as I believe that will fight is ideas tooth and nail!
Tag Archives: Greek no vote
New Jersey to Follow Illinois Down the Drain
Armstrong Economics Blog
Re-Posted May 11, 2016 by Martin Armstrong
The New Jersey State Assembly has begun the pursuit of a constitutional amendment to guarantee pension payments for government workers over all other types of state spending. This would naturally include all politicians, which is why they are introducing it. Because spending on education, health, crime, environment, welfare etc. is not guaranteed by the Constitution and is subject to elimination to pay for the pensions of 800,000 current and former public employees, politicians want to amend the Constitution and that means property taxes will SOAR. This means the people of New Jersey have to stop this insanity for once; it is a constitutional amendment, that is it. They will rob everything you have as a constitutional requirement.
Come November, without explaining the seriousness of the issue, the New Jersey Legislature will put a proposed constitutional amendment on the ballot that would provide consistent state payments each year to the $79 billion New Jersey Pension Fund. The best advice is to sell your home and get out now. If this goes through, property taxes will explode as they did in Illinois and the value of your home will drop. Sell and rent, but do not own unless you live in a state like Florida or Texas.
Seven states have specific clauses in their constitutions that protect public employee pensions: Alaska, Arizona, Hawaii, Illinois, Louisiana, Michigan, and New York. We have already seen Illinois on the brink of bankruptcy. Illinois will be completely devastated. There is no hope whatsoever, for changing the Constitution at this point in the game would only apply prospectively. That means these states will see an explosion in taxes over the next four years and they may simply be forced into bankruptcy if they are unable to meet bond payments for pensions come first.
German Flirt Courses for Refugees to Get Lucky
Armstrong Economics Blog
Re-Posted May 11, 2016 by Martin Armstrong
Well when a politician refuses to admit she ever made a mistake, what do you do, you go all the way. Believe it of not, Germany is creating Flirting Courses to help refugee men get lucky. Yes, taxpayer money is now trying to get the refugees lucky with German girls. So if you thought you have seen it all, the insanity never ends. There is always room for more when politicians are involved.
Meanwhile, in Munich, a beautiful city, one person has been killed and several were injured as an Islamist extremist wielded in a knife and attacked people in the rail station shouting “Allahu Akbar” (“God is great”) stabbing people randomly.
And BTW, now 2/3rds of Germans have had enough of Merkel according to the latest polls.
When Will Greece Elect a Real Government?
Armstrong Economics Blog
Re-Posted May 11, 2016 by Martin Armstrong
Protests broke out in Greece over the weekend in Athens and the northern city of Thessaloniki. The government is yielding to Brussels and has not figured out that this policy is destroying its own people and their future.
The government passed reforms that they hope will persuade lenders to release more financial aid. They are cutting pensions and raising taxes. The bankers stole the money, yet the people are being forced to surrender their future.
There is absolutely no future for Greece under such policies. Merkel’s hardline against the Greeks is the very reason she let the Muslims in. Merkel promised the German people that Greece would pay back what she lent it. To honor that promise, she has screwed Greece profoundly and is refusing to yield. Coming under intense criticism for her actions against the Greek people, she tried to boost her image by showing compassion to the Muslims and set off an economic invasion of Europe. This is just not going to end nicely. Her support in Germany has crashed and burned, falling below 40%.
“The Dollar Report” explores the role of Goldman Sachs on this issue and the fate of the euro moving forward.
Hillary & The Panama Papers
Armstrong Economics Blog
Re-Posted May 10, 2016 by Martin Armstrong
There is little doubt that Hillary is one step away from people implicated in the Panama Papers exactly as was Putin. The question has been; why has the press not put Hillary on the headlines? I think we all know the answer to that; they have already crowned her President. The lack of integrity of the media to treat Hillary the same as Putin illustrates the bias of the press. We should never forget that the Spanish American War was instigated by false media coverage simply to sell papers. Yes, the man they named the Pulitzer Prize after because he made so much money with fake news reports becomes honored among journalists. I suppose that would be like the liquor
industry celebrating Al Capone. The failure to use the very same standard they applied to Putin with Hillary, illustrates the lack of integrity once again that will go down in history – Yellow Journalism.
Hillary and Bill have multiple connections with people who have used the besieged law firm Mossack Fonseca to establish offshore entities exactly as did Putin. The Clinton buddies include Gabrielle Fialkoff, the finance director for Hillary Clinton’s first campaign to run the U.S. Senate. That is the same as a Putin “aid” but she is saved from such headlines. Then there is Frank Giustra, who is a Canadian mining guy who travels the world with Bill. Let us not forget the Chagoury family, which pledged $1 billion in projects to the Clinton Global Initiative. Remeber the Chinese billionaire Ng Lap Seng, who was at the center of a Democratic fund-raising scandal when Bill Clinton was president. Of course there was the late billionaire investor Marc Rich, an international fugitive for tax evasion who Bill Clinton gave a Presidential pardon. The Clintons themselves do not appear to be in Mossack Fonseca’s database, or at least the journalists are protecting her for now. Their daughter, Chelsea, and her husband hedge fund manager Marc Mezvinsky, have also not been sited. Clearly, the way the journalists spun this story against Putin for having an aid with such connections, leaves us guessing about the integrity of the press avoiding the same connection with Hillary. Of course, the Telegraph reported Putin’s comments on Hillary: “it’s better not to argue with women.” She is widely hailed by the press because they want a woman president just as they did Obama because they wanted a black president. It is always about what they want. It seems Yellow Journalism is alive and well.
Panama Paper Names to be Partially Released Today?
Armstrong Economics Blog
Re-Posted May 9, 2016 by Martin Armstrong
The ICIJ has said they will release today names of people involved in the Panama Papers. They say they will be withholding the actual documents which include everything from copies of people’s passports to telephone numbers, Mossack Fonseca’s internal emails and, in some cases, financial records, material that will not be included in Monday’s release and will remain available only to the ICIJ and its journalist partners. The glaring question to emerge has been whether or not they are hiding documents and names that lead to people like Clinton and their friends. The political releases so far have all been only on one side of the political aisle. Will the ICIJ really release the names without political consideration? Given Hillary’s cattle futures deals and their slush fund pretending to be a charity that took in almost $150 million and gave out just $9 million, lawyers use lawyers. The dealing of the Clintons have long been considered shady. It will be interesting to see is ANY one on the left is contained in this release.
Can You be Forced to Incriminate Yourself With Your Phone of Computer?
Armstrong Economics Blog
Re-Posted May 7, 2016 by Martin Armstrong
The government is dancing between the raindrops. The 5th Amendment states that you cannot be compelled to testify against yourself. You have the right to remain silent. So how do they get around this? In my case, I personally was not held in contempt since that would have violated my constitutional right. Instead, the corporate officer was held in contempt, and since a corporation is not a person that right did not apply.
The bad news is that the government has held that anyone under investigation must submit a DNA sample, which they can then use to trace you or any member of your family who is suspected of a crime. Even worse is what courts have done with this regarding telephones. If you use a fingerprint scanner as a security feature on your computer or cell phone, they can trace it and throw you in prison until you do as the court demands because they regard any biological evidence as an exception. In other words, you are not being forced to testify against yourself. They are taking bodily evidence to find you guilty.
Now that measure may be acceptable in extreme cases such as rape. However, the government is simply using this to go after money. They need not even know that anything is on your phone. The mere fact that there might be evidence is sufficient to imprison you for life, without a trial, under civil contempt. Courts can and do order people to unlock their phones with their fingerprint. Providing a password is different from providing a fingerprint. So you might want to forget biotechnology for security. The legal implications are far different from a password.
Congressional Elections for 2016
Armstrong Economics Blog
Re-Posted May 7, 2016 by Martin Armstrong
While the media focuses on the U.S. presidential election, the real power is dangling in Congress. The 2018 election will be far more important as there is a risk of Independents sweeping into Congress at that time. For now, there is a total of 469 seats in the U.S. Congress (34 Senate seats and 435 House seats) that are up for election on November 8, 2016.
John McCain is already concerned that he may lose his seat because he has come out in favor of Trump. Actually, I say good riddance. McCain voted to impose taxes on internet commerce. When asked why he supported raising taxes, he replied that he was not voting to raise taxes, rather he was simply voting to collect taxes that should be collected. McCain is a hypocrite. There is no country he would not invade, including Canada.
The big story of the 2016 election cycle will be in Congress. The congressional election cycle will determine whether the Democratic Party will be able to regain control of the Senate. In order to take that chamber back, the Democrats will need to gain five seats in 2016. That may not sound like a lot, but it could be very difficult. Republican incumbents, not Democrats, hold the majority of the vulnerable seats. Consequently, Democrats only have 10 seats to defend in 2016, while 24 Republican incumbents are up for re-election. There is a shot that the Democrats could accomplish a victory.
The Democrats have been in a bearish trend since the Great Depression and have been making lower lows. Nonetheless, independents are turning up. The success of Bernie and Trump shows that the public is in a foul mood. As we begin to get closer to the elections, this should begin to flesh out, especially in August. We have to be concerned that August is often a time of civil unrest/war. So, we may begin to see activity rise at that time prior to the elections.
You do have a young (and over-the-hill) socialist movement against Trump. They actually claim this is some new form of socialism where you can give them more without robbing the rich. Very strange. They are throwing words around that Trump is a racist as they are doing in Britain against Nigel Farage. They are completely ignorant since “Muslim” is a religion and not a race. The benefit of being young is you can also be stupid.
STORM CLOUDS ARE FORMING . . .
I agree there isn’t much time time before all hell breaks loose.
Gov’t Is Incapable of Managing Anything – The Electric Crisis in Europe
Armstrong Economics Blog
Re-Posted May 5, 2016 by Martin Armstrong
Part of the global warming/climate change deals, many people do not realize that in Europe there will be no more gasoline and diesel cars on the streets come 2020. From Norway to India the year 2020 will mark the end of petrol or diesel vehicles. This is part of the long-term bear market in energy. Germany wants to bring at least million electric vehicles on the roads. However, this energy policy presents a crisis. They never realized that to prevent cars from using oil based energy, they have to get ready for a 25%-30% increase in power consumption. Shutting down nuclear power plants means you are transferring one pollution source for another. Meanwhile, Germany was to shut down all nuclear power by 2022. Nobody seems to have figured out the coordination of these two trends.
Centinel2012 