Centinel2012

De Oppresso Liber

Main menu

Skip to content
  • Home
  • About
  • Book & Movie Reviews
  • My Books & Papers
  • My Research
    • My Proof that there is a GOD
    • My Climate Research
    • My Economics & Finance
    • My Home Brecksville, Ohio
    • My Military Subjects
    • My Politics & Discussions
  • Posts by Others
    • Posts by 4quarky
    • Posts by Tabitha
    • Posts by Longo
    • Posts by Pastor Jeff Tauring
  • President Donald Trump
    • MAGA
    • Truth Social
  • United States of America
    • U. S. Fake News: ABC-CNN-NBC-CBS-MSNBC
    • U. S. Neocons
    • U. S. CIA-NSA-FBI
    • U. S. Google, Apple, Twitter, Face Book, Instagram, Microsoft,
  • World Economic Form
    • WEF The Great Reset
    • WEF Build Back Better
    • WEF You Will Own Nothing and You Will be Happy
    • New Monetary Theory
    • WEF The Fourth Industrial Revolution
    • World Economic Form Material
  • Destruction of Western Civilization
    • Destroy President Trump at any cost
    • Destruction of all Fossil Fuels
    • Destruction of the European Union
    • Destruction of the Supply Chain
    • Destruction of U. S. Constitution & Bill of Rights
    • Destruction of World Food Supply
    • The four Horsemen of the Apocalypse
  • European Union (EU)
    • Australia
    • Brussels
    • Canada
    • France
    • Germany
    • Hungary
    • Switzerland
    • United Kingdom (UK)
  • Biden Presidency?
    • BIDENomics
    • Biden Crime family
    • Biden Creepy hair sniffer
  • U. S. Social change movement
    • U. S. ANTIFA
    • U. S. Black Life’s Matter
    • U. S. Cancel culture
    • U. S. Critical Race Theory
    • U. S. De-fund the Police
    • U. S. Gender Reassignment
    • U. S. LGBTQIA,
    • U. S. Multiculturalism
    • U. S. Post-birth abortion
    • U. S. Social justice
    • U. S. WOKE Culture
  • Political Corruption
    • Corrupt White House
    • Corrupt Congress
    • Corrupt Deep State
    • Corrupt DOS
    • Corrupt Elections
    • Corrupt CIA
    • Patriot Act used for control of citizens
    • Weaponized IRS
    • Weaponized DOJ-NSD
    • Weaponized Main Justice
  • Corrupt Politicians And Leaders
    • Biden Crime family
    • Bush Crime Family
    • Cheney Crime Family
    • Clinton, Crime Family
    • G8 McConnell Crime Family
    • G8 Pelosi Crime Family
    • G8 Schiff Crime Family
    • G8 Schumer Crime Family
    • Murkowski Crime Family
    • Newsom Crime Family
  • China
    • China’s Hundred Year Marathon
    • China Wold Domination
    • China CCP
    • China Digital Identity
    • China Digital Yuan
    • China Wuhan Lab
  • Climate Research
    • Climate Change
    • UN Agenda 21/30/50
    • Environmental Social Governance (ESG)
    • Green Energy Not Reliable
    • End of Fossil Fuel
  • Health Care and Medical
    • Medical and Illnesses
    • SARS-COV-2
    • Biological Weapons Labs
  • Twenty First century Warfare
    • War with China
    • War with Russia
    • WW III
    • Warfare Physiological
    • Warfare Cyber
    • Warfare Economic
    • Warfare Biological
    • Warfare Kinetic
    • Warfare Nuclear
  • Economic Principles
    • Capitalism
    • Classical Economics
    • Demand Side Inflation
    • Free Markets
    • Inflation
    • Interest Rates
    • Keynesian Economics
    • Recession / Depression
    • Stagflation
    • Supply Side Inflation
  • Government, Marxism to Fascism
    • Democracy
    • Aristocracy
    • Marxism
    • Republic
    • Tyranny
    • Oligarchy
    • Fascism
    • Civil Society
    • Social Contract
  • The Western Alliance
    • NATO
    • United States
    • Austria
    • Australia
    • Britain
    • Canada
    • France
    • Germany
    • Italy
    • Hungary
    • Poland
    • Taiwan
  • The Eastern Alliance
    • Russia
    • China
    • Brazil
    • India
    • South Africa
    • Saudi Arabia
    • Iran
    • North Korea

Tag Archives: Italy

Post navigation

← Older posts
Newer posts →
Jul 20 2018

New Jersey To Now Tax Water Supply as Well – Creative Greed of Taxes


Armstrong Economics Blog/The Hunt for Taxes

Re-Posted Jul 20, 2018 by Martin Armstrong

Politicians are truly amazing. When they need money, they are never short of ideas of things to tax. New Jersey is proposing to now tax water from the tap. The proposal is being submitted by State Senator Bob Smith D-Middlesex. Of course, Smith is trying to say it’s not actually a tax and calling it a “user fee” even though you already get a water bill. A “user fee” would be a flat rate. He wants 10 cents per 1,000 gallons so it functions more like a tax than a one-time fee like getting a driver’s license. Smith obtained his J.D. in 1981 from the Seton Hall University School of Law. The only thing law teaches you is how to call a pig a cow and get away with it. It is probably inevitable that they will figure out a way to tax the air for making it clean.

They have in a way managed to tax sex as well over the centuries. In Nevada, they have proposed a $5 tax every time a prostitute performs a service. This is nothing new. The Roman Emperor Caligula (37-41AD) inaugurated a tax upon prostitutes per client (the vectigal ex capturis). There was the bachelor tax which was a punitive tax imposed on unmarried men. The Lex Papia Poppaea was introduced in 9 AD by emperor Augustus (27BC-14AD) to encourage marriage. Penalties were therefore imposed on those who were celibate, with an exception granted to Vestal Virgins. (Ulp. Frag. xvii.1). The law also imposed penalties on married persons who had no children from the age of twenty-five to sixty in a man. Women were taxed who had no children from the age of twenty to fifty (Gaius, ii.111)  (Tacit. Ann. xv.19). As strange as that may sound, New Jersey and Michigan proposed a tax on bachelor men to change their behavior. They would also tax people without children within the member states of the Warsaw Pact to produce children for the army.

There have been plenty of ingenious excuses to impose taxes. When it comes to taxes, politicians just always show their creativity. California wanted to tax per mile a spacecraft traveled in the air after launch. Taxes are supposed to be about using services. They create a road and you pay to use it. Taxing space shots was really insane for they created nothing. Another issue that is probably unconstitutional turns on taxing people who have no right to object in a democratic process. Taxation without representation is what California began by taxing sports players for playing a game in California. Now many states have followed suit. The same process is underway in Europe. It was California which first imposed the Jock Tax back in 1991 as retribution following the Chicago Bulls beating the LA Lakers in the finals. The politicians wanted to punish Chicago and boldly said that the next time “His Airness” (Michael Jordan) played in Los Angeles, the money he made on those games was officially subjected to the California State Income Tax. Since that time, half of the states in the union have followed California and adopted a Jock Tax, taking a cut from high-paid heroes. So they get to tax your income for services you do not use and you have no right to object because you cannot vote in that state. That is taxation without representation – the reason for the American Revolution.

This clever way of figuring out things to tax has been going on since colonial days. Before income taxes, England imposed the Window Tax of 1696. They taxed you per window you had in your home. This was imposed in England, Scotland, and Great British Empire and enforced throughout the 18th and 19th centuries. The wealthy had bigger houses and a lot of windows. This tax directly led to the bricking up of many windows you will still see to this day. But they also altered society with the Window Tax in many ways creating row housing. That way you had fewer windows. Once Britain adopted the Window Tax, it spread around Europe. You will see old buildings in Poland with the windows still bricked in to reduce the taxes. If you get to visit Kraków, just walk the street in the old city and you will see more windows bricked up than open on some streets.

In Philadelphia, they also adopted the Window Tax being part of the British Empire. You see row housing in the old city to avoid the Window Tax. The clever minds of greedy politicians did not stop there. The term taking a “step up in life” came about because they also began to tax the number of steps you had into your house. The more steps, the higher the tax. So if you had more steps, that meant you were rich.

The Global Warming crowd is supported by the government because it provides the excuse to invent taxes. They argue that the number one producer of methane gas is cows who are causing global warming more so than cars. Now cow flatulence is the leading cause of global warming because of a cow’s slow digestion, mixed with a gas-producing diet of greens. Hence, to somehow reduce global warming, they claim that storing thousands of cows in one location creates large clouds of methane.  To somehow make global warming OK as long as you pay a tax, Ireland, and Denmark, along with other EU nations, have begun taxing cattle owners on cow flatulence. The argument is that cows are responsible for 18% of the greenhouse gases causing global warming. Now Ireland is taxing farmers $18 per cow while Danish farmers pay $110 per cow. None of this reduces global warming, it just creates more revenue for the politicians.

They imposed taxes on spirits and cigarettes to encourage people to stop drinking and smoking – so they claimed. However, when the governments realized that stopping smoking is costly for them as tax revenue declined, they then imposed like New York City taxes on e-cigarettes. Sweden and other EU member states have suddenly realized they have a similar problem with people switching to electric cars. OMG, tax revenue will evaporate into the clean air. Now they are looking at taxing the electricity that replaces fossil fuels.

In the USA, Oregon and Illinois want to tax per mile you drive under the same excuse that electric cars are reducing their tax revenue. California is now investigating taxing people per mile they drive. They always do these things AFTER an election and NEVER before. The I-95 interstate federal highway up and down the East Coast is another e4xperiment where they are tracking cars and how they travel so they can impose a tax on per mile you drive.

Then you have state pensions in trouble. How to make up the difference? California wants to add a tax to cover state employee pensions. Then you do not even realize that phones and electricity are taxed by federal, state, and local governments. You just never see the breakdown.

 

Then there are airfares. In the USA, the number of agencies who have their hands out for taxes you never see is amazing. They ensure that your ticket is generally anywhere between a 20% tax to 100% doubling in the price of airfare. This is one reason why airlines are charging for checked bags and just about anything that use to be free for if they are not part of the ticket, then they are not taxed. It’s a bit overwhelming to consider just how many governmental departments and agencies are directly involved in the nation’s commercial aviation system that you have to pay for. This long list includes — but is not limited to — the U.S. Department of Transportation; its subsidiary, the Federal Aviation Administration (FAA); the Transportation Security Administration (TSA); Customs and Border Protection; Immigration and Customs Enforcement; the Animal and Plant Health Inspection Service; and the National Transportation Safety Board. Furthermore, commercial airports throughout the United States are operated on state, county, and city levels, as well as by independent port authorities and operators. So when you are standing in abusive lines and forced to take your shoes off in the USA and no other country, remember, you are paying for that privilege. Just the very basic starting fees are:

  •  Domestic Passenger Ticket Tax: collected for FAA; 7.5% of ticket price
  •  Domestic Flight Segment Tax: collected for FAA; $4 per segment, defined as “a flight leg consisting of one takeoff and one landing by a flight”
  •  International Arrival Tax: collected for FAA; $17.70
  •  International Departure Tax: collected for FAA; $17.70
  •  September 11th Security Fee: collected for TSA; $5.60 one-way for flights departing the United States, but not to exceed $11.20 round-trip
  •  Passenger Facility Charge: collected for “commercial airports controlled by public agencies”; up to $4.50 per passenger

The more connections, the higher the tax. On top of all that, you are charged $200 to change a ticket and if you do not make the flight, you can be just out and have to buy another ticket. The airlines will not refund all the taxes included in the ticket. You will find the mind-blowing travel charges exposed by the Business Travel Coalition. The average person trying to travel will usually find up to half the ticket price on domestic flights can be just taxes. Every possible agency is involved and they all have their fingers in your pocke

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jul 19 2018

Is This the World’s Largest Robot?


Armstrong Economics Blog/Technology

RE-Posted Jul 19, 2018 by Martin Armstrong

Rio Tinto has employed the first fully autonomous train, which many are calling the world’s largest robot. Rio Tinto’s project has eliminated humans and that saves on pensions and salaries. This is the way of the future because of exponentially rising human costs. The train completed its first delivery of iron ore between the company’s Australian Mount Tom Price mine and the port of Cape Lambert on the Western coast.

Rio Tinto spent $940 million to develop this project. The train consists of three locomotives and carries around 28,000 tonnes of iron ore making a journey of 280km with no human driver. The trip was monitored remotely by operators at Rio’s Operations Centre in Perth more than 1,500km away. Effectively, this is not so dissimilar from the drone used in the military that is also being monitored from a far away location.

The high cost of socialism is driving the field of robotics. The higher the costs of pensions and their lack of feasibility when central banks play with interest rates pretending to be managing the economy has driven the technology into the hands of automation. Governments are in a state of denial and they will continue to raise taxes to try to cover their costs. They fail to look at this crisis straight in the eyes. There is no hope of maintaining socialism and more than there was communism.

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects, U. S. DC Uni-party • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jul 13 2018

They Want to Charge the Elderly for Needing Help After a Fall


Armstrong Economics Blog/The Hunt for Taxes

RE-Posted Jul 13, 2018 by Martin Armstrong

QUESTION: Hi Martin,
You are unique in your insight into the growing theft of our money and dignity by the increasingly draconian authorities. Sometimes it’s hard to tell in this era of clickbait and fake news whether something you read is real. In the case of Councils, however, which universally seem to be repositories for people with no skills and not enough guts or street smarts for real politics, anything is possible. How do we, especially the elderly, defend ourselves from these rapacious thieves?

Regards,
Pete

ANSWER: I wish I had an answer for you. For governments there in Britain to proposed to charge £25.92 to help an elderly person who has fallen is outrageous. This is beyond belief. As lawyers often say, “If you hit someone with your car, back up and make sure you kill them. It’s cheaper than to have to pay for the rest of their lives for an injury.” This seems to be the policy adopted by governments. As the crisis in finance builds, we will see more and more of this sort of thing to “save” money.

In the USA, all I can do is recommend moving to one of the 7 states without an income tax. If you are elderly and need medical services, Florida is probably the best spot. They also have Homestead, so nobody can take your house and throw you out on the street. The Florida homestead exemption is a Florida constitutional provision which protects Florida residents by providing them with legal benefits and protection. Thereby, a resident’s primary home is secure from levy and execution by their judgment creditors. A judgment creditor cannot force the sale of your homestead to satisfy a money judgment. Florida is THE BEST spot to protect property.

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jul 11 2018

The IRS Can Deny You A Passport?


Armstrong Economics Blog/The Hunt for Taxes

Re-Posted Jul 11, 2018 by Martin Armstrong

 

QUESTION: You said that if you owe taxes the government can deny you a passport? I never heard that one.

ANSWER: Oh yes. This has been in place for several years. The Wall Street Journal just reported that “at least 362,000” Americans will be unable to renew their passports because of back tax bills. They can take your homes, garnish your wages, and deny you the right to leave the country. Effectively, the IRS can actually starve you to death with all the rules they have and nobody on the other end will ever be there to look at the combined damage.

Judgment creditors can garnish your wages in order to collect the judgment up to a maximum of 25% of your disposable income. However, creditors of a few types of debts such as back taxes, child support, and student loans, can garnish your paycheck without a judgment. In other words, you have no right to actually contest this in a court of law. They can just garnish your wages on a whim or even on a mistake, placing the burden on you to argue with them.

The U.S. Department of Education or anyone collecting on its behalf can garnish up to 15% of your disposable income to collect on defaulted student loans. These agencies do not have to sue you first and get a judgment in order to garnish, but they must provide you with notice of the garnishment ahead of time. You can thank the Clintons for that one who eliminated the right to even go bankrupt from student loans even if a university charges you for a degree in which you cannot find employment, which today is over 60% of graduates. Universities could care less if you are getting a degree that is actually worth something. They just want the money.

Ever since 1988, child support orders include an automatic wage withholding order, even for child support that is not delinquent. The child support is withheld from your paycheck and your employer sends the money directly to the other parent. If you are required to maintain health insurance coverage for your child, the payment for that will be deducted from your paycheck as well. You can agree with the other parent to pay child support on your own, without resorting to wage withholding. The limit is up to 50% of your disposable earnings that may be garnished to pay child support if you are currently supporting a spouse or a child who isn’t the subject of the order. If you aren’t supporting a spouse or child, up to 60% of your earnings may be taken. An additional 5% may be taken if you are more than 12 weeks in arrears. Federally, child support payments and not considered taxable income. However, child support payments are also not deductible by the payer.

Taxing authorities, on the other hand, have their own limits for wage garnishment which is very subjective. The IRS bases the amount on how many dependents you have and your standard deduction amount. State taxing authorities may have their own formulas and they are all different. The IRS will send you a notice before it begins garnishing, but it does not have to get a judgment before doing so. They can take your funds BEFORE and you may not be able to afford a lawyer to help

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jul 9 2018

Civil Unrest in Haiti leaves Americans Trapped


Armstrong Economics Blog/Civil Unrest

Re-Posted Jul 9, 2018 by Martin Armstrong

The American Embassy personnel in Haiti are still under an order to take shelter and remain in place. They have been instructed: “Do not attempt to travel at this time.” Riots began on Friday in Haiti and have continued for three days when the government, instructed by the IMF to reduce government subsidies for fuel, resulting in a rise in prices on gasoline, diesel, and kerosene. The prices virtually doubled. While Haitian officials said they would increase social services spending and improve infrastructure, they are also directed to enforce collecting taxes. The IMF has directed many countries to engage in the hunt for taxes because deficits are rising. There is no long-term solution here for a simple exercise of math demonstrates that as increases rise, the interest rate cost of rolling the debt will crowd out all other spending forcing taxes to rise exponentially over the next decade.

The civil unrest has turned to set up flaming roadblocks, bringing travel around the city to an absolute halt, and looters are raiding stores and supermarkets just taking everything they can carry. Others have targeted hotels and businesses to just rob whatever they can find. Haiti is not unaccustomed to such riots. They tore the capital apart just back in September 2017 over politics. There were riots over food back in 2008 and were even attacking UN personnel

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jul 6 2018

Cloning License Plates to Avoid Traffic Fines


Armstrong Economics Blog/The Hunt for Taxes

Re-Posted Jul 6, 2018 by Martin Armstrong

If there is a possible scam, someone will always figure it out. In Australia, they hunt money with unbelievable audacity and hand out tickets to motorists for everything. Someone has figured out a way to beat the government at its own game. They are cloning valid license plates and then racking up the fines. A BMW owner got a ticket for speeding while his car was parked in the driveway. When he looked closely, he discovered the ticket was for speeding 1,000 miles away from his home. The scammers figured out a brilliant way to beat the cameras. Just clone a license plate and you can speed and go through all the tolls absolutely free.

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jul 4 2018

Illinois to Assault the Entire Internet – They May End Up With Businesses Refusing to Deal With People in Illinois


Armstrong Economics Blog/Corruption

RE-Posted Jul 4, 2018 by Martin Armstrong

The Supreme Court’s decision to allow every state to tax the internet is complete insanity. Sources in Illinois are warning that the state is bankrupt and it now intends to wage an all-out assault upon the internet. They may, in the end, simply force many small companies to REFUSE to do business with anyone who lives in Illinois. From a business perspective, all you get are costs. They do not pay you to collect their taxes, and in the end, they subject you to huge fines, penalties, and prison for a job that amounts to indentured servitude. Where are the class action lawyers to make that argument? On top of that, if a policeman from New Jersey has NO JURISDICTION to arrest someone in another state, then how can the state impose forced employment on persons from other states? Constitutionally they cannot!!!!!!!!!!!!!!!!!!! They also violate the Commerce Clause.

Expect California to be next. We are looking at the real destruction of the economy. What if every nation then follows the same design because everyone is going broke trying to cover their own pensions? So to sell anything on the internet you suddenly have to file papers even stating you sold nothing in 50 states inside the USA. Using the same legal principles, then at the United Nations, the member states are 193 in total. Would a small business then have to file also in 193 countries and then state and provinces within each stating they DID NOT conduct business in their jurisdiction or go to prison?

If you asked how the West could collapse and everything move to China, the Supreme Court just delivered the means to accomplish that result. The problem is that Congress could overrule that, but they will not because they are NOT the representatives of the people. They represent the government. Someone MUST create a petition to Donald Trump directly. He would at least understand the problem.

Illinois should either dissolve itself or go bankrupt to end the pensions they cannot renegotiate.

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jul 3 2018

Uganda Taxes the Internet Deny Access Unless you Pay Your Taxes


Armstrong Economics Blog/Corruption

Re-Posted Jul 3, 2018 by Martin Armstrong

I have been warning that there are no rules when it comes to the greed of government. Throughout history, the ideas behind taxes keep popping up is slightly different ways. For example, your freedom to travel can be suspended and your passport revoked if you owe the IRS more than $50,000. In Ancient Rome, it was not uncommon for slaves to be freed after a number of years of service. To freee a slave, however, they also put a tax of the value of the slave freed. No tax = no freedom not unlike the IRS rule.

I have warned that cryptocurrencies would be subject to the whims of government and they can simply declare them illegal. Well, if you didn’t believe me, you have the crazy EU laws imposed on emails in Europe which can wipe out your company on a whim. Now, the Uganda government began on July 1st shutting down the internet blocking social media which included services like WhatsApp, Twitter, Facebook and Skype just to mention a few. These social media apps were all made inaccessible overnight. Governments can shut down cryptocurrencies in the blink of an eye if there is money to be had. The reason for taking these actions are really bogus. The President Museveni claimed that idle talk on social media was costing the country vast amounts of money because the young are communicating instead of working when they wopuld be producing more tax revenue

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jun 25 2018

How Do We Get Honest Government? Is It Possible?


Armstrong Economics Blog/Politics

Re-Posted Jun 25, 2018 by Martin Armstrong

QUESTION: You seem to be somewhere between left and right-believing in government restraint and showing that it pursues its own self-interest which leads to corruption and in the end the fall of the state. Is that a fair statement of your philosophy?

KP

ANSWER:  I am against the Marxist views and I am against the extreme right and believe that more in liaise-fair because the government is incapable of manipulating the economy (the people) and when it does, it inevitably turns on the interest of some special group. I certainly do not believe in separating children from their parents and I do not agree that someone who came here as a child and grew up here, married, and had children with a bonafide American should be deported. Family and God should come BEFORE the state. The French legal system recognizes the old Roman tradition that nobody in one household can be compelled to testify against you. In the British/American common law system, the only such privilege extends to a spouse and not even your children. So I firmly disagree with that principle and view that family should ALWAYS come before the rights of a king, state, or minister. So what does that make my personal philosophy? Left or Right or somewhere in the middle? I am not even sure.

The battle between the left and the right far too often fails to ever look at some middle ground. That is most likely about 40% of the population. When we look at the popular vote during presidential elections, the highest anyone ever received was Johnson and that was 60.8%. In reality, there is a middle ground that constitutes at least 15% of the population for they are the people who determine who is really president. You have the extreme left and the extreme right and no matter what evidence you put forth they will never change their mind so why bother.

Government is no different from any private organization or individual. It will ALWAYS pursue its own self-interest. The examples of corruption are just so pervasive and this is due to the simple fact that there are no checks and balances. It was Charles-Louis de Secondat Montesquieu, baron de La Brede et de (1689-1755) who came up with the tripartite form of government separating the power of legislative, executive and judicial. Our problem today is that there is no separation of power for the government appoints the judges and thus they are not independent. Ben Franklin’s proposal was to adopt the Scottish system and private lawyers should nominal judges not politicians. We did not follow that system and as such we are incapable of achieving honest government for judges will always rule in the government’s favor – hence our 98.5% conviction rate. When does the government ever be more than 60% right about anything?

Montesquieu’s The Spirit of Laws was profound and demonstrates that he indeed acquainted himself with all the various schools of thought before him, yet he did not identify himself with any particular school. I too have indeed sought to follow this model myself. Of the many subjects covered, it was his coverage of three main topics that were the most influential in recasting the Age of Political Enlightenment leading to the climax of monarchy and the dawn of republicanism.

The most important of these subjects was his classification of governments that abandoned the traditional divisions of monarchy, aristocracy, and democracy. Montesquieu added to this primary division the republic that he conceived as being based upon virtue. He got that one wrong. Monarchy he saw as based upon honor, and despotism that he believed was based upon fear. Montesquieu saw this critical role of government-centered in how the policy was conducted. However, it was his brilliant concept that the only way to defeat tyranny was the Separation of Powers. This is why we have all our problems because the Judiciary is not on our side.

Here, Montesquieu divided government into legislative, executive, and judicial branches. Montesquieu wrote that “there is no liberty if the power of judging be not separated from the legislative and executive powers.” Id./at 181. Showing how this idea influenced the foundation of the United States, we find this very passage quoted in the Federalist No: 78, p523 (J. Cooke ed. 1961).

Montesquieu in his Grand Tour around Europe observed governments of all forms and saw how they had manipulated the laws to benefit themselves. The objective of his brilliant idea of the “Separation of Powers” was to prevent “the same monarch or senate” from “enact[ing] tyrannical laws” and from “execut[ing] them in a tyrannical manner.”

The judges of the times were merely agents of the state as most have become again today. They lacked independent concepts and for the times, Montesquieu believed that making judges independent would eliminate tyranny. But that tyranny still engulfed the judiciary for the executive selected the judges, and the legislature ‘anointed them. Once the legislative branch became career politicians and they were selected by parties, they defeated all the safeguards that Montesquieu envisioned. Thus, the system very much devolved precisely because of Machiavelli’s observation that history repeats because of the fact that the passions of man never change. Thus, modern incarnations of so-called democracies have devolved into the same tyrannical states that pursue the self-interests of government at the expense of the governed. Thus, precisely what Montesquieu saw and tried to prevent, has merely found the cracks in the sidewalks and the weeds of tyranny have once again sprouted to bath in the warm rays of the son Both Thomas Jefferson and Montesquieu saw the danger in judges.

Montesquieu’s Separation of Powers was perhaps the most influential chapter of his entire work located in book xi, chapter 6. This was penned in 1734 and was one of his first observations. His third doctrine was the idea that climate contributes to political influence. Montesquieu took care to point out that climate was but one of many factors that contributed to secondary causes that combined into what he called a general spirit within society. This climate factor combined with religion and law. Throughout history, the weather had been a primary influence behind migrations. As national states would rise and borders became enforced, the natural flows of migrations have been curtailed greatly and forced underground.

Montesquieu has brought understanding to the new Age of Political Enlightenment and others such a David Hume, said that his work would have the admiration of all ages. He was a man of honor. He was always modest and saw in his work a sense of comradeship insofar as he had collected the knowledge of the times and brought it together by simply seeing into the past and present and envisioning a collective understanding. He was even asked to write brief accounts on democracy and despotism for an encyclopedia, but he declined to state he had already had his say on those subjects.

Yet Montesquieu must be understood from his place and time in the evolution of the political economy. Everyone is influenced by their experience. The idea of becoming “worldly” by taking the Grand Tour, exposed the mind to different points of view. Yet, to comprehend how he arrived at his ideas, we must also place him in the context of the times.

There were three French philosophers on the political economy who were influenced by the events of the French King Louis XIV. These were Sebastien Le Prestre, Marechal de Vauban. (1633-1707), Pierre Le Pesant, signeur de Boisguilbert (1646-1714), and Charles-Irenee Castel, abbe de Saint-Pierre (1658-1743). From these three men, we have the beginnings of thinking about the fiscal management of the state. Vauban had advocated the abolishment of taxes and replacing them with a tithe. “while Vauban’s calculations were greatly exaggerated, he was effectively arguing for indirect taxation. His plan was put in place in 1718 in some regions but proved to be unworkable at this point in time resulting in its abandonment in 1722-1723.

Boisguilbert rejected the ideas of Vauban, yet agreed that there should be a single tax. He viewed the current scheme of collecting taxes as too corrupt. Joseph Schumpeter (1883-1950) took the position that the Physiocrats who ultimately influenced Adam Smith to counter with his Wealth of Nations in 1776, was the precursor to this entire line of thought. Boisguilbert also insisted upon the fact that since the aristocrats to a large extent were a privileged class that did not contribute to the tail le tax in France and thus he disagreed that there could be a single tax to replace all at the rates Vauban believed. Boisguilbert concluded it was better to have one single high tax than numerous small taxes. He argued it had to be equitably distributed, and fixed from the outset since the greatest resistance was too arbitrary justice and taxation. He argued for a land tax as used in England that was one-fifth of revenues, and in Holland it was one-third. He assumed that this tax could be collected with the least amount of coercion. There was serious resistance to taxation from the 14th Century onward. There was the Great Tax Revolt in England during 1381, the Cade rebellion of 1450 from which we have Shakespeare’s most famous line, “The first thing we do is kill all the lawyers” reflected the fact that the “lawyers” were the King’s who were prosecuting the tax evasions. Then there was the Cornwall revolt of 1497 running through to the agrarian revolts between 1628 and 1632. Tax rebellions were of three general types, pure taxation, revolts under the guise of religious Reformation that was really the confiscation of the monasteries in 1536, and the anti-seigneurial revolts that rejected the French “droit du seigneur” (right of the lord) to sleep the first night with the bride of anyone of his vassals. Often the bride could be redeemed by paying a fee to the feudal lord. These revolts occurred in 1549, 1607, and 1628-1632.

The Charles-Irénée Castel, abbé de Saint-Pierre perhaps had the most criticism for the taxation policy of Louis XIV. His work was perhaps the most castigated of the three, but his concept of fiscal reform (taille tarifee) proposed in 1717 described 17 sources of wealth that he envisioned people will voluntarily reveal their wealth. This scheme of direct taxation has today dominated tax collecting, yet it was soundly rejected by the very founders of the United States.

This was the context in which we must understand Montesquieu for he was an important figure in the thought that stood between Saint-Pierre and the Physiocrats. The Seven Years’ War (1756-1763) had cost France most of its foreign trade. Thus, the ideas of the Physiocrats that it was ONLY agriculture that provided the dynamic process of income generation clearly provide a contrast to the political ideas of Montesquieu. Even Thomas Jefferson and John Adams in America believed that it was agriculture that was the pillar of the economy and real wealth.

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects, U. S. DC Uni-party • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jun 25 2018

Can Governments Actually Enhance Economic Growth?


Armstrong Economics Blog/Gov’t Incompetence

Re-Posted Jun 25, 2018 by Martin Armstrong

QUESTION: Regardless of all the hype about the euro, from my perspective, the economic growth was far better before the creation of the euro. It just seems as though any improvement is marginal at best. What does your model show for the Eurozone growth rate?

Thank you for what you do

JE

ANSWER: You are correct. There have been only four years since 1995 when the economic growth actually was above 3% annually. Whenever you add more bureaucracy, that needs to be funded and the net difference falls to the private sector. You can see that despite all the drums and clatter about how the Eurozone would be the largest economy in the world and beat the USA to a pulp, they managed to fall to third place as China has risen to take the second spot.

 

Here is the chart we included in our report supporting BREXIT. The economic growth of Britain peaked the year before they joined the EU. The greater the size of the bureaucracy, the lower the economic growth. This is why I say that socialism is dying. Government is just incompetent and cannot build and grow an economy. It is the people who make a nation – not government

Share this:

  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Reddit (Opens in new window) Reddit
  • Share on Telegram (Opens in new window) Telegram
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on Pinterest (Opens in new window) Pinterest
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Share on Facebook (Opens in new window) Facebook
Like Loading...
By Centinel2012 • Posted in Economic Subjects, U. S. DC Uni-party • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, 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, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, 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, spoofing, Student Loans, sustainability, Tax on employees, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0

Post navigation

← Older posts
Newer posts →

This slideshow requires JavaScript.

Recent Posts

  • Tony Lyons: Cassidy Falls in Louisiana Primary, Clearing Path for Trump, RFK Jr. & MAHA Gains
  • Mark Cuban to join Trump at White House rollout of expanded Trump Rx drug initiative
  • Salleigh Grubbs: State Election Board Members Barred from Georgia’s Election Night Reporting Bunker-“We have never been given admittance…I have never been in the facility. I don’t know what the setup is.”
  • Episode 5380: Illegals Flooding New York With Free College; Fake America Firsters
  • Episode 5379: Texas Goes After Transgender Indoctrination And Child Mutilation; Chaos At The Fed

Popular Articles

  • DOJ and HSTF Take Down Massive Criminal Organization known as La Familia Nunca Muere – 23 People Arrested
  • BOLLING: In The Last 24 Hours, Iran Sent A Deal To The Trump Administration Saying That They'll Give Up The Enriched Uranium, But To Russia, Not The United States. After That Response, President Trump Said They're Running Out Of Time
  • JOHN SOLOMON: Raúl Castro, Age 94, Will Be Charged In Connection With The Murders Of Americans Killed In The 1996 Shootdown Of Two Civilian Aircraft
  • IRS and DOJ Settle Lawsuit Filed by Trump Following 2024 Leak of IRS Files – $1.7 Billion in Compensation for Victims Harmed by IRS Targeting
  • WATCH: Coast Guard Stops Drug Boats Carrying $45.8 Million in Cocaine
  • President Trump Delivers Remarks During Thanksgiving Day Turkey Pardon Ceremony…

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 339 other subscribers
  1. ajeanneinthekitchen's avatar
    ajeanneinthekitchen on BOLLING: In The Last 24 Hours, Iran Sent A Deal To The Trump Administration Saying That They’ll Give Up The Enriched Uranium, But To Russia, Not The United States. After That Response, President Trump Said They’re Running Out Of TimeMay 19, 2026

    The Iranians are literally playing with fire.

  2. ajeanneinthekitchen's avatar
    ajeanneinthekitchen on NO FRIEND OF TRADS: “Pope” Leo tells Spanish bishops his biggest fear is “far-right ideology”May 15, 2026

    I am NOT a fan of this pope, nor was I a fan of the last one either. They need…

  3. ajeanneinthekitchen's avatar
    ajeanneinthekitchen on Europe Is Helping Zelensky Rebuild His Human Supply for WarMay 13, 2026

    Zelensky is nothing but a street thug and a criminal.

Archives

Recommended Blogs

  • A Jeanne in the Kitchen
  • Stephen K Bannon's War Room
  • True the Vote
  • Zeee Media
  • America Out Loud
  • thefoghornexpress
  • www.corbettreport.com/about/feed
  • The Most Revolutionary Act
  • Bill O’Reilly’s No Spin News and Analysis
  • America-Wake-Up
  • TOTT News
  • CherriesWriter - Vietnam War website
  • Murray Report
  • Scott Adams Says
  • title
  • Stella's Place
  • Site Title
  • livingbyathread
  • Disrupted Physician
  • Easy Money Martin
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.

View Full Profile →

Meta

  • Create account
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com
Blog at WordPress.com.
A Jeanne in the Kitchen

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!

Stephen K Bannon's War Room

De Oppresso Liber

True the Vote

A group of Americans united by our commitment to Freedom, Constitutional Governance, and Civic Duty.

Zeee Media

Share the truth at whatever cost.

America Out Loud

thefoghornexpress

De Oppresso Liber

De Oppresso Liber

The Most Revolutionary Act

Uncensored updates on world events, economics, the environment and medicine

Bill O’Reilly’s No Spin News and Analysis

De Oppresso Liber

America-Wake-Up

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

TOTT News

Australia's Front Line | Since 2011

CherriesWriter - Vietnam War website

See what War is like and how it affects our Warriors

Murray Report

Nwo News, End Time, Deep State, World News, No Fake News

Scott Adams Says

De Oppresso Liber

title

Stella's Place

Politics | Talk | Opinion - Contact Info: stellasplace@wowway.com

Site Title

livingbyathread

Exposition and Encouragement

Disrupted Physician

The Physician Wellness Movement and Illegitimate Authority: The Need for Revolt and Reconstruction

Easy Money Martin

Real Estate Lending

  • Subscribe Subscribed
    • Centinel2012
    • Join 207 other subscribers
    • Already have a WordPress.com account? Log in now.
    • Centinel2012
    • Subscribe Subscribed
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar

Loading Comments...

    %d