“I’m really tired of Puerto Rican government officials blaming the federal government for their woes and for not acting fast enough to help people on the island. Last week I had three federal agents in my office and I was so embarrassed; I went out of my way to apologize to them for the attitude of my government and what they have been saying about the U.S. response.”
PUERTO RICO – The head of an international engineering firm in Puerto Rico said in an editorial Saturday that when the time came to send 50 of his engineers to help in the aftermath of Hurricane Maria, he bypassed local officials and went straight to FEMA.
The reason, said Jorge Rodriguez, the CEO of PACIV, in an editorial in the New York Post, is that “for the last 30 years, the Puerto Rican government has been completely inept at handling regular societal needs, so I just don’t see it functioning in a crisis like this one.”
“Even before the hurricane hit, water and power systems were already broken. And our $118 billion debt crisis is a result of government corruption and mismanagement.” (read more)
Apparently a great deal of Puerto Rico citizens feel the same way. WATCH VIDEOS:
QUESTION: Mr. Armstrong; Do you believe in portfolio diversification?
ANSWER: No not really. I see no point in putting money in something you know will be a loss. Diversification within a sector is one thing. But buying government bonds when rates are at a 5,000 year low and governments are in trouble around the world, I just see as really stupid.
Once you understand how our global model works, you can see the trend unfolding in a numerous instruments that therefore confirms the trading direction. For example, we warned that gold had made an important high and would crash from 2011 for at least 3 years minimum. At the same time, we warned that the Dow would breakout to new highs. Barrons reported that forecast and did not believe that we would be correct. Both the high in gold and the breakout in the Dow were connected. Each confirmed the other among a host of other relationships.
What is impossible is trying to forecast just gold or the Dow in isolation relying upon fundamentals, which always prove to be worthless. Take the Long-Term Capital Management Crisis of 1998. The problem began in Russia and investments there collapsed but you could not get out at any price. They began selling assets everywhere else in the USA to Japan. This became a liquidity crisis that spread into a contagion. You could look at all of the fundamentals that said nothing should be happening in Japan. That led to massive losses in Japan that were contrary to fundamental analysis.
Everything is interconnected. Diversification is for people who cannot forecast so they just hope to stay ahead of the game. Asset Allocation has to be done smartly. You need some cash and those who will want some bonds v equities simply need to stay short-term and away from issues that will be a problem.
QUESTION: Marty, do you think any crypto currency will survive?
ANSWER: No. We are looking at central banks and even the Chinese government is moving to create a Cryptocurrencies. There is no question that we will be looking at this is the next evolutionary step forward.
However, what I have been warning about is the public v private issue. Governments are hunting money everywhere. There is just NO POSSIBLE WAY they will allow private Cryptocurrencies to circumvent their control and taxation.
I have warned that we are in a period where SOCIALISM is collapsing – not CAPITALISM. The distinction is manifest in rising retirement ages, reduction in social benefits, and rising taxation. This is also evident in politics. The Democrats really have no face to put forward as their leader. Hillary lost and even Elizabeth Warren is way out of touch for the average American.
Nevertheless, we are seeing this trend where socialists in politics are in a major decline. The Democratic Party in the USA has been declining ever since FDR won the first election in 1932. Each time the Democrats win, it has been with lower highs and the declines are always making lower lows. Looking at the map of Democratic states with governors, it is shocking to say the least. This is why the press is fighting so hard against Trump and the Democrats are desperate to keep the proposition that Hillary should be president and was prevented only by the Russians. Of course, there is no allegation that any of the emails released from the Democrats were forged. So the info was real regardless of who hacked the Democrats.
Looking around the world we see the same trend, In Germany, the SPD is losing seats. Everywhere we look, Socialist parties are on the decline. Der Spiegel published an article highlighting the same same we have been forecasting that there is a decline of socialist parties in Europe as well. Der Spiegel noted that even a strong socialist candidate in Austria still struggles with the baggage of the “old, sclerotic social democracy.”
We have tagged this past year as the Year from Political Hell. We have witnessed BREXIT, the election of Trump, and the decline of Democrats throughout the USA. In Germany, the socialists were part of the government in 10 out of the 15 countries within the European Union (EU). Der Spiegel suggested that there was a real chance that German Social Democrats will no longer be part of Chancellor Angela Merkel’s coalition following the German vote. The AfD has been rising and soared a major victory winning seats for the first time illustrating the shift to the right.
We are witnessing the same trend in Italy and this too could be an upset in early 2018. If Italy turns away from the socialists, then center-left parties could collapse and hold only 6 EU member states out of 28. That means the socialists would be reduced to the periphery: Malta, Portugal, Romania, Sweden, Slovakia and the Czech Republic. Even the left-wing Syriza alliance in Greece has proved to be a joke failing to do anything for Greece whatsoever.
In the Netherlands, the Labor Party captured only 5.7% of votes in the last election. French Socialist Party candidate won only 6.4% of the vote, and his party went on to receive a miserable 9.5 percent of the vote in parliamentary elections a short time later. In Poland, the Social Democrats lost everything and no long hold even a single seat. In Norway, the Labour Party lost to the conservatives. The only place where the socialists gained was in Britain. There the Marxist/Socialist Jeremy Corbyn won among the youth with promises that could never be kept.
All of this warns that society is turning more to the right because the socialists have reduced economic growth, jobs, and the living standards by raising taxes. The words of King Oscar II of Sweden seem to be coming true.
Anyone who support the Spanish Madrid government is no different than support the Kings of England and France during the American and French Revolutions. Google picks the wrong side. Does this mean they will side with government every time. Dangerous precedent.
The Spanish state police violence have turned against the people showing that they are clearly still a fascist reign supported by troops. Riot officers have been firing rubber bullets at crowds protesting in a Barcelona street, sending people running for cover. Countless are injured. This demonstrates that Spain is not a place for investment and one should be very cautious about even buying a house in Spain after this display of ruthless authoritarianism. The Spanish Prime Minister, Mariano Rajoy has demonstrated he is a fascist and this is EXACTLY the type of person that caused the American Revolution.
We should all take pause and read just the first two paragraphs of Thomas Jefferson’s Declaration of Independence. The King sent a whole army to his house to kill him for writing these words. He was warned the army was coming and told to flee into the hills which he did. I fully disagree with Donald Trump for supporting Rajoy. That has been a total disgrace and Trump needs to study history.
The suppression of the vote will now only turn even those who were on the side stand against the government. In war, you kill someone’s father. Their family will remember for generations. Spain has just confirmed that revolution and civil war will be inevitable. Canada allowed two referendum votes to separate for Quebec and Britain allowed Scotland to vote. It is a fundamental human right to overthrow any government when it becomes oppressive. Rajoy is a disgrace to the EU and Brussels is a disgrace for shutting down the vote of the people.
When, in the course of human events, it becomes necessary for one people to dissolve the political bonds which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the laws of nature and of nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness. Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.
CNN attempts to spin a narrative, FEMA Director refuses to engage. FEMA Director Brock Long explains how the Mayor of San Juan, Puerto Rico, Carmen Yulin-Cruz has intentionally disconnected herself from the unified chain-of-command for Hurricane Maria relief efforts in favor of playing politics.
Additionally and incredibly, Mayor Yulin Cruz has never even visited the San Juan Headquarters where FEMA, Dept. of Homeland Security, Dept of Defense, National Guard, Army Corps of Engineers and PR state governors office are communicating, prioritizing and responding to the urgent needs of municipal leaders and the citizens of Puerto Rico.
Ridiculously, Mayor Yulin Cruz chooses to remain a few blocks away talking politics to media cameras instead of engaging with local, state and federal officials on recovery efforts. FUBAR.
Notice at 09:00 where Director Long specifically discusses the need for disaster response action from the local community, and how citizens should participate instead of remaining dependent on federal government. Quickly CNN’s Fredricka Whitfield jumps in to cut him off so that CNN producers can continue selling their narrative. WATCH:
A very emotional female police officer from Puerto Rico’s police department in Guaynabo calls in to a U.S. spanish speaking radio station to tell listeners what is going on in Puerto Rico. The police woman is very upset, crying and sobbing often, and shares how the Mayor of San Juan is politicizing the situation and not offering help.
The call and video was recorded September 28th, and highlights the corruption within government within Puerto Rico and the Municipal authority of San Juan. The video is English closed captioned (hit “CC” option) and a transcript is below:
Transcript:
Radio Announcer: What is your name?
Police Caller: I cannot give my name because I work for Puerto Rico’s Police Department. I need to pass this information out because the stuff that is being brought from the U.S. is not being distributed. They are not allowing the Puerto Rican people to receive the donations.
Radio Announcer: What part of Puerto Rico are you calling us from right now?
Police Caller: I am right now in Guaynabo.
Radio Announcer 2: Wow.
Radio Announcer 3: But what information do you have? What have you seen?
Police Caller: The Mayor, Carmen Yulin, is not allowing anyone to distribute… We need… what Puerto Ricans need is that the U.S. armed forces come in and distribute the aid. And that they stop the governor, Rosello, and the mayor, Yulin, on doing what they are doing… It’s an abuse, it looks like communism, in our own island (sobbing)… (sobbing continues, inaudible translation due to cries)…
Police Caller (cont.): People are helping us, but they are not accepting it, they are not accepting anymore help supposedly: “they have to wait for the license, that there are no buses.” …Let me tell you something Boricuas (Puerto Ricans) are dying of hunger (crying continues) … This is a bureaucracy, everything has to be protocol, the lines are stretched. …We can only give one box of water per person (sobbing continues). …The medics here, people are dying, the hospitals are in crisis.
Police Caller (cont.): I am embarrassed, as a Boricua to work for Puerto Rico’s police and see that we cannot do anything. There are dozens and thousands and thousands of food and when people ask we cannot give anything away because [Mayor] Carmen Yulin says that we cannot take anything out; because everything is a soap opera, everything is a show and there have to be cameras here and there. ….Because you know they are just looking for votes for the upcoming years.
Radio Announcer 2: Wow
Police Caller: And the governor won’t move unless there is a camera behind him; [Mayor] Carmen Yulin won’t move unless there is a camera behind her. This is how we are living in Puerto Rico, meanwhile artists are giving money and the people of Florida are sending stuff, and I don’t know how many more people are helping because we have very limited communication, very limited, and we have no idea what’s going on outside; and the people who are sending stuff, they have to come in; they have to come to help Puerto Rico and distribute what is being wasted …because what else are we going to do? You tell me, what are we going to do?
Radio Announcer #2: Of course the desperation..
Radio Announcer #3: We are with our hearts broken listening to you describing this situation which is heartbreaking when we know that so many people are helping …this is a police officer speaking.
Police Caller: I’ve been for one hour and a half just trying to download an application because the phones that they give to us I cannot use them as a police officer due to security measures. But I need to speak for the people because the people are suffering. Because I, as a cop, and other partners are seeing it. A lot of people have been posting videos (sobbing – inaudible) …and no-one is paying attention.
Radio Announcer #3: We are truly sorry for this situation, we did not know that..
Police Caller: If Cuba and Venezuela want to help and we are grateful for that; and that the government denies their help, the government denies Cuba’s help. …That they reject Venezuela’s help, …Look for God’s sake! Tell me how is that possible, we need help.
Radio Announcer #3: We are going to send this message out so that it gets to where it needs to get to…
Police Caller: We want the U.S. to come in, that the strongest forces come in and take the governor out, he is not doing anything, he is just going around and around, …and everyone is like: “oh, look how nice, the governor, he is going in the mud, he is going in the water”, And where is it? Pardon the expression: WHERE IS THE FOOD?
Police Caller (cont.): Look, grab the food, grab the sausage can and take it to the families! Stop the show! The governor is just doing a show, is all a show. There are many mayors that are suffering because they cannot do anything for their people.
Radio Announcer #2: What are they doing with the food? Is it being kept in storage because they are not allowing to give it out?
Police Caller: They are not doing anything, and they tell the harbors (ports) that they cannot bring stuff anymore. If the U.S. government doesn’t get involved they will finish us. We are going to end up worse. …Worse than Cuba, Africa, or worse than Haiti. We are living in an era that you don’t want to see, people are desperate. The gasoline, people are already killing each other. Not to rob you, they are doing it so they can be the firsts to get food and take it to their families.
Police Caller (cont.): Do you know what it is when a woman approaches me and tells me “I don’t have any more.” “I don’t know what else to give my kids because I don’t have anymore.” “Water and crackers”!
Radio Announcer #1: Sweetie, thank you for calling us and using this medium to denounce this situation; and good thing that it was you who explained this so that people don’t think that we are making up stuff; because this has nothing to do with politics. This is a very serious situation.
I have previous told the story about attending a dinner in Washington and being seated with the entire Environmental group. It was a Washington elite political dinner and because I attended with my friend Dick Fox who was Chairman of Temple University and I was an adviser to the University, whoever it was that made the seating arrangements for these tables of 10 seated us with the environmental groups. This was in the mid-90s. Dick was the one who kept trying to drag the truth out and there it came. These were the heads of the top three environmental organizations. They admitted that the real goal was to reduce human population by making it difficult to expand and build houses. Labeling everything wetlands would reduce the ability to expand housing and thus shrink the population. When Dick got them to admit that, he moved in for the bottom-line question and asked: “So who’s grandchild are you trying to prevent from being born? Your’s or mine?”
Well now this is the constantly reappearing theme with both the environmentalists and the Global Warming crown. The Swedish Lund university has come out with a list with “live options” that can rescue the climate and save the world. The number one recommendation with the biggest impact is to stop having babies. I previously wrote how Canada wanted to solve the problem by having companies lay off workers and thus fewer people driving cars every day.
Obviously a war will do were we kill 50% of the population to keep with their reasoning. We should ask Rocketman to please eliminate 50% of the world population and he will be the hero of the environmentalists and Global Warming Crowd. It would be so nice if they volunteered to be the first casualties. Then perhaps they can lead the way for the rest of us.
So please can you push that button but target a few universities first? Perhaps we can save the planet that way
I trust you and the state of Florida are healthy, hurricane or not.
As to the German VAT pre-pay system, Ontario, Canada tax laws shocked me nearly 30 years ago with income tax on accounts receivable, whether collected or not.
I was 22 years old when the accountant came to review my 1st year as a proprietor. He stated that even though one of my customers had not paid his account I was to pay income tax on that amount. But the amount owing to me was nearly 20% of my annual sales! He told me if I did not receive the customers payment I could write that off next year. I said if that guy doesn’t pay there won’t be a next year.
So of course I changed my gross sales. The bastards force people to break the law.
Get used to it Germany, the gopher-ment just keep digging.
Thank you sir, this is the best education for $14.99/month. ($18.56 CAD);
RH
REPLY: Yes. This is exactly as Adam Smith wrote. Government is always the crazy spendthrift and spend money before they get it so they try to treat the people the same way. In the USA, if you make $100,000 trading and pay the tax and then lose the $100,000 the following year, you cannot write off the whole loss. Government and taxes are just unrealistic because of their greed.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
PUERTO RICO – The head of an international engineering firm in Puerto Rico said in an editorial Saturday that when the time came to send 50 of his engineers to help in the aftermath of Hurricane Maria, he bypassed local officials and went straight to FEMA.
We have tagged this past year as the Year from Political Hell. We have witnessed BREXIT, the election of Trump, and the decline of Democrats throughout the USA. In Germany, the socialists were part of the government in 10 out of the 15 countries within the European Union (EU). Der Spiegel suggested that there was a real chance that German Social Democrats will no longer be part of Chancellor Angela Merkel’s coalition following the German vote. The AfD has been rising and soared a major victory winning seats for the first time illustrating the shift to the right.
Well now this is the constantly reappearing theme with both the environmentalists and the Global Warming crown. The Swedish Lund university has come out with a list with “live options” that can rescue the climate and save the world. The number one recommendation with the biggest impact is to stop having babies. I previously wrote how 
