Posted originally on the conservative tree house on April 20, 2022 | Sundance
The German government released their version of the producer price index for inflation, and they are reporting 30.9% inflation for products leaving German factories. [DETAILS HERE] That’s the highest rate of inflation since shortly after the second world war.
The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year. However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns. The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.
Germany is the largest economy in the European Union. This level of inflation within Germany has major ramifications.
First, with this level of energy inflation Germany cannot afford to stop purchasing Russian energy products. There’s no way for Germany to join or increase western sanctions against oil and gas they need to stay sufficient. Germany is dependent on Russian energy.
Second, with Germany’s economy this vulnerable; and with Germany being so dependent on Russian energy; Germany will have to distance itself further from any Ukraine assistance. In the background of western voices already being upset with Germany for not providing more support for Ukraine, their economic vulnerability explains their unwillingness. The U.S. proxy war against Russia does not benefit Germany, at all.
Third, as a result of the first two points, Volodymyr Zelenskyy will be even more mad than he was yesterday. Additionally, the German position makes Biden more vulnerable because it forces the U.S. to take a bigger public footprint on the entire operation. This explains why the people in the background of the White House are saying Ron Klain needs to quickly extricate Biden from his unilateral focus on Ukraine.
If the White House doesn’t cut Zelenskyy loose soon, the anchor of fail Ukraine represents will further sink Biden. Sooner or later the White House, Administrative Deep State, Dept of State and Intelligence apparatus along with the total foreign policy establishment and all the politicians who benefit financially from their use of Ukraine, are going to have to give up.
With countries like Germany needing to back away, it becomes harder for the Biden administration to retain the false front around NATO as a justification for their intervention and money laundering operations.
Additionally, if the French election goes to Le Pen on Sunday, well, katybar the door – because it’s complete and total game over…. Ukraine will be cut loose and someone from the CIA will assassinate Zelenskyy on the way out, leaving a note on the nightstand that says, “Putin did it.”
GERMANY – German annual producer price inflation topped 30% in March, the country’s Federal Statistics Office said on Wednesday. That’s its highest level since the agency began collecting data 73 years ago.
The biggest culprit? Energy prices, which rose nearly 84% from the same month last year. “Mainly responsible for the high rise of energy prices were the strong price increases of natural gas… which was [up] 144.8% on March 2021,” the statistics office said in a statement.
It is one of first signs of the huge impact Russia’s invasion of Ukraine is having on the German economy, Europe’s biggest. Producer prices rose by nearly 5% between February and March alone.
Consumers should brace themselves. Factory gate inflation feeds into retail prices, and shoppers can expect to spend more on everything from furniture to meat, according to Wednesday’s figures.
German consumer price inflation is already at a 41-year high, hitting 7.3% last month. Energy prices were the main contributor, up almost 40% from the previous month. (read more)
Posted originally on the conservative tree house on April 14, 2022 | sundance
The U.S. Census Bureau {LINK} reports the March retail sales data {pdf LINK} showing a contraction in sales overall (excluding gasoline) and a massive contraction in on-line sales. As we expected, we are seeing the continued demand side contraction for non-essential purchases.
First, when you review the data, keep in mind all of the statistics are based on dollars. Currently the BLS calculates the rate of inflation at 8.5 percent year over year. So, when we look at retail sales figures, we must remember the items being sold cost more. Any reported sales figures in a sector that do not exceed the inflation in that sector, indicates decline in units sold.
The top-line for March retail sales is 0.5% growth; however, the rate of inflation is 8.5%, so the amount of goods sold is substantially less than the 0.5% dollar increase would indicate. Subtract the sales of gasoline (w/ massive price increases), and retail sales are negative (-0.3%) in March. SEE TABLE-2
A good category to note the contraction in non-essential purchases is electronics and appliances. Again, CORE inflation in that segment is around 6%, and yet total sales were only 3.3% higher, meaning less actual units sold. Compared to 2021, electronics and appliance sales dropped 9.7%.
Showing how much people are pinched, gasoline prices are around 60% higher than this time last year, yet gas station sales only increased by 8.9%. This means people are buying a lot less fuel at much higher prices. People have shifted their transportation habits because gas costs so much.
Two more very interesting notes:
Food and beverage stores only reflected a 1.0% increase in sales, amid massive inflation in that sector. People are buying less food at higher prices. The year-over-year rate of retail sales increase for supermarkets is 8.4%, however, prices in the grocery store are well beyond 20%. Again, food prices are changing shopping habits. You can see the same trend in Health and Beauty Care products. Consumers are being thrifty and prioritizing their expenses away from non-essentials.
Secondly, perhaps the most obvious shift in consumer spending is noted in on-line (nonstore) retailers. March retail sales dropped 6.4 percent for on-line shoppers, again as a consequence of much higher on-line prices and some product unavailability.
The bottom line of the Retail Sales report is not unfamiliar to us. What we are seeing is a lessening in overall consumer spending, as the costs for food, fuel, energy and housing have skyrocketed. The demand for non-essential purchases is what we would naturally expect to see amid a nation having to make tough purchasing decisions based on inflation.
The economic policy of the people behind Joe Biden is catastrophic, and it appears to be a feature not a flaw.
That said, wise people -including people here- know how to extend their budgets and make use of raw ingredients for multiple purposed meals. Keep doing that as much as possible to offset the dramatic increases in price. Look for sales, use coupons, multipurpose products and be smart with purchase decisions.
We can and will get through this together.
If you have tips for people to assist with lowering costs of everyday items, please feel free to share them in the comments section below. We always find excellent ideas around us for small ways to save.
Coming from a family whose Tupperware® was a matching set of Cool Whip containers, I can tell you there are times when being frugal is a valued skillset. I welcome all the great advice we share as a community, and I will not let these horrible government officials remove joy.
I’ve been broke more than most, but I ain’t never been poor.
Posted originally on the conservative tree house on April 12, 2022 | Sundance
This is not going to be news to CTH readers and intellectually honest analysts. The Bureau of Labor and Statistics has released the March consumer pricing data [DATA HERE] showing the recent surge in energy, gasoline and food costs that we have all felt.
The monthly increase of 1.3% brings the annual rate of inflation to 8.5 percent year-over-year. However, the details tell the exact story we have been outlining for well over six months. This is the second wave of inflation being recorded. Grocery store prices (food at home), energy prices, and gasoline prices are all driving the inflation rate. [BLS Table 1]
Again, I modified Table-1 to take out the noise. The data shows what we have felt for the past two months. Working class families are feeling the pinch as their wages cannot keep pace with the increase in prices on products that are a priority. Food, housing, gasoline, energy.
If we were using the old CPI method for analysis, current inflation would be well above 20%.
That said, there are issues also inherent and visible in the data for the non-food and energy segments, what I would call the durable goods side. First, we are seeing the beginning of the durable good contraction getting quantified as we have previously discussed. The prices for used vehicles, electronics, appliances and other non-critical durable goods are now flatlining, or even dropping in price.
Every indication within the economy indicates this is being caused by a demand contraction. People are not purchasing durable goods because their disposable income is gone. This lack of demand also shows up in wage rate suppression. Despite high employment, wages are not rising – in part because there is excess productivity in the durable good economy.
You will note from Table-2 [available here] that food away from home, restaurant food, is not climbing as high as food at the grocery store (0.3% -vs- 1.5%). Restaurants are trying to keep prices down and their profit margins are being eroded. They are in a tough place, because if restaurants raise prices, they may lose customers who are already feeling pain in their checkbooks. However, they cannot hold out much longer before raising prices, because the price increases are permanent.
The good news is the March data appears to quantify the apex of the second wave rate of inflation. The rate of increase in food, fuel and energy will now start to moderate and slow down. The prices may, likely will, keep going up, but they will go up less dramatically than they have in the past six months. This price plateau will hopefully remain in place until late summer, that’s when the next harvest food costs will hit in Wave-3.
On the durable goods, what we will see now is a typical demand side issue. Price increases for durable goods will quickly, if they are not already, be less connected to material costs and more connected to demand. Obviously, the cost to manufacture, create, produce, transport and deliver durable goods is still experiencing upward pressure due to raw materials. However, the demand variable will now enter more dominantly.
With wage growth meek and prices still rising on essentials like food, housing, energy and gasoline, demand for non-essential durable goods will drop. The demand decline should naturally put downward price pressure on appliances, electronics, used vehicles, etc. Unfortunately, this also contracts the overall economy, creates unemployment, and indicates “stagflation.”
(MSM) – […] The consumer price index leaped 8.5% annually, the fastest pace since December 1981, the Labor Department said on Tuesday, likely cementing Federal Reserve plans for an unusually large half-point interest rate hike early next month. That increase is up from 7.9% in February and inflation now has notched new 40-year highs for five straight months. (more)
We will need to watch the service side closely now to see if consumers start to lessen travel, entertainment, and other service side expenses.
Protect your family. Be frugal, wise and smart with expenses. However, do not trouble yourself with dark imaginings.
If you are like most here, you have prepared yourself with commonsense actions and you are a doer who fixes problems, not a naysayer who sits around mulling over them. Your family, kids and/or grandkids as well as your community can benefit from wise, albeit sometimes stern, counsel. Stand strong, stand firm and stand resolute.
All of these challenges are simply that, challenges. Work any problem as it arises, including for the kids. And also remember, God is in charge, not you. So, listen to his instructions. Listen to that instinct he buried within you. Draw upon the strength that a loving God constantly provides.
Be a vessel for those who need hope. Be a guiding light for those who feel distressed. Be cheerfully strong among everyone around you, and thankful for all the kindness you experience. If you get stuck, start giving….
Ultimately, everything is a choice. So, be the lighthouse, not the rocks.
India imported $3.3 billion in goods to Russia in 2021, and the finance ministry has no plans to slow that source of revenue. India has not placed sanctions on Russia. The Federation of Indian Export Organizations (FIEO) announced that India will now switch to a SWIFT alternative that permits rupee-ruble payments between the two nations. This renders removing Russia from the SWIFT system a moot point for India as exporters may continue business as usual with their Russian partners. Furthermore, this will permit India to continue purchasing Russian energy at a time when other countries are shunning the resources they need the most.
In fact, India is hoping to profit off of the West’s ban on Russian exports. “Export to Russia is not much, only in agriculture and pharmacy products. Now that the whole of the West is banning Russia, there will be a lot of opportunities for Indian firms to enter Russia,” a member of the FIEO stated. Indian Oil Corp has begun purchasing more oil from Russia and there are talks of purchasing highly sought-after fertilizer from both Russia and Belarus.
India,the largest oil importer in the world, was only purchasing around 2% to 5% of their crude from Russia in recent years, but with the prospect of seeing a heavy discount, they are likely to turn to Russia instead of the Middle East. “Countries with oil self-sufficiency or those importing themselves from Russia cannot credibly advocate restrictive trading,” an Indian government official cited weeks ago.
So if there is an easy solution for rupee-ruble payments, we should expect to see an easy solution for yuan-ruble payments. These nations are looking at finances rather than politics and will profit as a result.
The Neocons have accomplished their objective. They dethroned Trump and installed the senile president who will go down in history as the President that began World War III. His name will be remembered in infamy because it is always the president to history remembers – not the dark figures behind the curtain prodding him on every action. They know the risks that have now unleashed upon the world. Biden’s trip to Warsaw to convince the Polish people to surrender their lives for the dreams of the American Neocons was interestingly marked by Biden flying on the “Doomsday” jet. At the same time, Biden tells the American people there is no risk of nuclear war. Their actions say differently.
There are four Doomsday Jets in the US’s fleet. One is with the Secretary of Defense Lloyd Austin as part of his boss’s delegation meeting with NATO and European leaders. These jets are supposed to be “highly survivable” in the case of a nuclear attack and are to be “mobile Pentagons” from which they can direct nuclear war. All the American nuclear weapons can be controlled from anywhere in the world from one of these Doomsday Jets and that even includes in the middle of nuclear attack.
Obviously, they know that pushing Russia to the brink may lead to nuclear war. They stupidly think removing Putin will somehow cause Russia to collapse into the arms of the West. NEVER do these people ever think beyond their nose. They removed Saddam and created ISIS. They armed the Taliban to defend against Russia and then they turned it against the Great Satin. It was the US feeding arms to the Rebels to take down Libya and Syria which backfired and that involved Hillary.
The people surrounding Putin are FAR MORE aggressive than Putin – that is the truth! Putin has his own Neocons and they are pushing for a nuclear attack. They may just nuke Kyiv and hope the West backs down. Or they go all-in and use supersonic missiles and take out NYC, Washington, Denver, Chicago, and LA simultaneously. If they did that without warning, they could even prevent a Doomsday Jet from taking off.
They would not be sending a Doomsday Jet to Europe if they did not know that Nuclear War is now possible. Perhaps the REGIME CHANGE is seriously needed right here at home dragging these Neocons out by their necks to face the public in the open.
Posted originally by Reuters on Rumble on March 26, 2022
Despite Russia signaling that it was scaling back its military ambitions, intense fighting across Ukraine on Saturday suggested there would be no swift let up in the conflict.
Hunter Biden’s Laptop is the gift that keeps giving. It has now surfaced that Hunter did help finance a US military ‘bioweapons’ research program in Ukraine. This is confirming that Putin’s allegations are in fact not totally propaganda. This is being confirmed even by the London Daily Mail. Little by little the truth ALWAYS surfaces. We also have info that is NOT yet verified by some of the same actors who pulled false flags with chemical weapons in Syria that may be present in Ukraine.
There have been concerns that Biden has been pushing the war agenda in hopes of preventing a washout for the Democrats in November. Even AOC says that Biden has lost the support of Progressives. Anyone who thinks that the Government, either party, really cares about them is delusional. I have worked with governments around the world and they are all the same – they are ONLY concerned about the next election and their own self-interests. I have worked behind the scenes and in front even testifying before the House Ways & Means Committee. Politicians LOVE crisis, for that is when they exercise power. Nobody will vote for them on claims like they saved your job, you just didn’t know you were going to lose it. I was naive in the ’80s thinking I could make a difference, and you quickly learn, it is not a swamp – it is a cesspool the size of the ocean.
I reported yesterday that there was a battle raging between the Pentagon and the State Department and the Pentagon won. The Neocons have been putting out total BS that Putin was losing and on the ropes in hope that they could muster support for a NATO invasion. Blinken had his wrists smacked with a club and read the riot act – what the hell do you think you are doing calling Putin a Butcher and insisted on regime change?
The Pentagon warned that this is NOT a battle that will be easily won and there will be no NY left to have a ticker-tape parade. Do not expect the overthrow of Putin claiming he is just an autocrat when in fact the very same structure stands in Europe. The head of Europe also never stands for election and is appointed by the party. What is the difference between that and Russia or China? On top of that, Biden has declared world war III in the financial markets WITHOUT consulting the Pentagon or Congress. That is outrageous for under the Constitution only Congress can issue a declaration of war.
There is so much hypocrisy and lies coming from the State Departments they are now forced to back-track. Be careful before you wrap yourself in the flag and die for Neocons who have lied about every war – not just the weapons of mass destruction. Nearly 60,000 kids lost their lives fighting another created war by the Neocons in Vietnam.
QUESTION: You seem to be anti-American. Are you on the right side of history?
DL
ANSWER: Over 50,000 Americans died in vain for the Neocons and their lies in Vietnam when Communism was collapsing all by itself. I suppose you are the type that is your best friend is having sex with your partner, you prefer not to know because it would mean you have to accept the fact that you are a fool. It gives me no pleasure whatsoever to have to report what is really going on. For whatever reason, I have been put on this earth in a rather unique position where whatever the crisis has been, somehow I know all the players.
Early on, my model seemed to attract the rich and the politically powerful from around the world. I was even in Australia and the India Guru who started the whole TM movement sent a private jet and two chaps who tried to hypnotize me to get on the plane. For a stroke of fate, I had a friend who taught me the tricks of how to “influence” people for your desires. You speak to them in a conversation and you ever so gradually keep lowering your voice. Next thing you know, you have them hypnotized. In speaking with these two professionals they were talking about controlling the world and they thought with my model this would be their missing piece and wanted me to get on this plane for a meeting in India. Fortunately, thanks to the training I had from a friend that at the time seemed far-fetched, I caught myself starting to go under and pulled out and accused them of this was how they induced so many followers. They said they were only trying to “relax” me. I threw them out.
That is only one such incident. I have had people try everything from sending in women to trying to install a plant on my staff. I have turned down offers of piles of money and always the objective has been the same. I have been tortured, imprisoned, but I was born with the strength to endure. I have often asked myself – WHY?
They make you think being against Putin is patriotic. They are selling WORLD WAR III to you and you will cheer being their pawn thinking you will sacrifice your life or someone else’s child typically, so you can cheer the death and carnage on TV. Sorry to tell you, this time it will not be on TV.
Every single war has begun on lies. Just in my lifetime, Vietnam was all started because the Neocons simply wanted to defeat communism. The Vietnamese never fired upon US ships and President Johnson lied to the American public and knew it. The Iraq invasion was all BS and far worse than Putin going into Ukraine. American tactics are it destroy everything and then hand them $1 trillion to rebuild. Putin could do the same, but he has not so they spin the story he is losing for this should have been over in days. That is ONLY true if he wanted to conquer Ukraine which he has said from the outset was not his objective.
The United States has ZERO national security at stake in Ukraine any more than we had in Vietnam or Iraq. The Neocons just like war. You are a total fool to think you are going to wage war for God and your Country. I lost most of my high school friends who were denied life simply so the Neocons could wage their disputes. They took out Kennedy and they removed Trump from office. In both cases, they were again engaging in their endless war games. So wrap yourself in the flag when you sleep at night thinking you are defending America when in fact you are just a pawn to be sacrificed in the real-world chess game for power and vengeance. This will not end well. Remember one thing – EVERY empire, nation, and city-state also dies an unexpected death. None has ever survived.
ANSWER: Forgive me if I have studied ancient history too much in detail. This reminds me of when Socrates asked the then most illustrious military commander: Would you ever retreat? He replies no, that was cowardly. Then he gave as an example a pretend defeat causing the case of the opponent which only led to a trap. But it also reminds me of Alexander the Great.
Things are not always what they appear and RELIABLE sources confirm that the claims that Putin is on the ropes are coming from the State Department and the Pentagon disagrees for this appears to be propaganda to try to support a NATO invasion.
The most celebrated battle during the Punic War was when Hannibal defeated a Roman army twice his size. It was the Battle of Cannae where 16 Roman legions of about 100,00o confronted Hannibal of about 50,000. Hannibal used a very clever move to understand how the Romans fought wars. When the Roman legions began their attack, Hannibal allowed the center of his initially crescent-shaped formation to yield pretending the Romans would easily win. The advancing Romans were then pinched by the Carthaginian troops stationed on the flanks. The Romans were slowed and then finally stalled unable to break through Hannibal’s formation. The vastly larger Roman army was encircled and the carnage began. According to the historian Polybius, of the 80,000 Roman soldiers, the Carthaginians killed 70,000.
The word “carnage” refers to the slaughtering of a great number of people, the root of it in Medieval Latin carnaticum “flesh,” from Latin carnaticum “slaughter of animals,” from carnem (nominative caro) “flesh,” originally “a piece of flesh.” However, there are some who believe that this originated after the Battle of Cannae on August 2nd, 216BC.
Putin has said that he regards Ukrainians as the same stock as Russians, distinct from other Eastern Europeans. He initially asked the Ukrainian army to stay in their barracks and not to fight. Alexander the Great would conquer a region, but not destroy everything as Americans do. Instead, he sought to assimilate the armies of conquered states those building his forces with every victory. Putin may not be trying to wipe out the Ukrainian army, but just maybe holding out hope that they will see that they have been merely a tool of the West and then join forces with Russia after executing Zelensky as was the case with Mussolini by Italian opponents.
The Ukrainians have adopted a tactic of trying to assassinate all the Russian generals. Some suspect that these are American snipers. Nevertheless, this is a very novel tactic but this may not be that successful for it assumes a general in the field is calling all the shots rather than following orders from central command. Ukrainian snipers just killed the deputy commander of the Russian Black Sea Fleet. Earlier, the Ukrainians had killed five generals and a number of other high-ranking officers by these types of tactics. They are not defeating them in battle but trying to create that image.
The Pentagon is objective to the propaganda coming from the State Department. My concern has been that if Ukrainian troops are pushed toward a loss, someone in Zelensky’s camp will claim a chemical attack by the Russians to then give the excuse for NATO to join. That is when nuclear tactical weapons may begin to fly. The logical response will then be to just nuke Kyiv before it is embraced by NATO. This is why I believe the Pentagon arguing against the Neocons who now control the State Department.
The REASON Biden needs war is very simple. The world monetary system is collapsing. The negative interest rates in Europe since 2014 have wiped out all the pension funds that needed 8% to break even. This is what is being the Guaranteed Basic Income because the politicians have destroyed the future of pensions. Even in the USA, 100% of social security is invested in US government bonds that pay well below 8% and this has undermined the fund going forward. Biden is following the FDR playbook and since COVID failed to produce the Great Depression they were counting on, they are shifting to PHASE 2 which is war.
With World War III, they will call upon patriotism to get through not just their BUILD BACK BETTER agenda but to install a full-blown Marxist agenda. They need WWIII to justify significant tax changes that will be introduced tomorrow.
Tomorrow will be D-DAY in the Financial Markets. Not only will they introduce ECASH which will create the digital currency NOT issued by the Federal Reserves, but by the Treasury. Now there have been the haters of the Federal Reserve because they do not understand the entire purpose of Elastic Money and that the Fed has been independent of the White House. For the Treasury to issue the digital dollar means that the power to create money will shift from the Federal Reset to the White House. On top of that, they want to restrict the amount of digital cash you will be allowed to have to $2,000. The object will be to force everyone onto the grid to be fully taxed. Then they will push to eliminate the paper money.
That is just one assault on the financial system. The next is the Minimum Billionaire’s Tax to be set to 20%. Most people will cheer on taxing the Billionaires. But what is also in this proposal is Elizabeth Warren’s dream of Marxism come true. The “definition” of income will include UNREALIZED gains. That means that people who started major companies like Tesla, Google, Amazon, Apple, Microsoft, and so on, will be forced to sell their stock to just raise money to pay 20% of that UNREALIZED gain. They are cheering that they expect to raise $360 billion from this alone and have no idea that such a proposal can crash the stock market and undermine everyone’s pensions because of their hatred of the rich.
The UNREALIZED tax will eventually be expanded down to everyone. The Income-tax began the same way – it would only apply to millionaires back then. The UNREALIZED taxation will work similar to gambling where you pay tax on your gains, but no credit for losses. So if you buy a stock, it triples and you make $1 million, you will have to pay $200,000 to the Feds so you will be forced to sell at least some stock and as the price declines, so be it. You are taxed on where it was at the end of that period – no credit for the decline. Then next year, you will pay 20% again on what is left until the entire gain is paid in taxes and you will be left with NOTHING.
The REASON Biden needs war is very simple. The world monetary system is collapsing. The negative interest rates in Europe since 2014 have wiped out all the pension funds that needed 8% to break even. This is what is being the Guaranteed Basic Income because the politicians have destroyed the future of pensions. Even in the USA, 100% of social security is invested in US government bonds that pay well below 8% and this has undermined the fund going forward. Biden is following the FDR playbook and since COVID failed to produce the Great Depression they were counting on, they are shifting to PHASE 2 which is war.
With World War III, they will call upon patriotism to get through not just their BUILD BACK BETTER agenda but to install a full-blown Marxist agenda. They need WWIII to justify significant tax changes that will be introduced tomorrow.
Tomorrow will be D-DAY in the Financial Markets. Not only will they introduce ECASH which will create the digital currency NOT issued by the Federal Reserves, but by the Treasury. Now there have been the haters of the Federal Reserve because they do not understand the entire purpose of Elastic Money and that the Fed has been independent of the White House. For the Treasury to issue the digital dollar means that the power to create money will shift from the Federal Reset to the White House. On top of that, they want to restrict the amount of digital cash you will be allowed to have to $2,000. The object will be to force everyone onto the grid to be fully taxed. Then they will push to eliminate the paper money.
That is just one assault on the financial system. The next is the Minimum Billionaire’s Tax to be set to 20%. Most people will cheer on taxing the Billionaires. But what is also in this proposal is Elizabeth Warren’s dream of Marxism come true. The “definition” of income will include UNREALIZED gains. That means that people who started major companies like Tesla, Google, Amazon, Apple, Microsoft, and so on, will be forced to sell their stock to just raise money to pay 20% of that UNREALIZED gain. They are cheering that they expect to raise $360 billion from this alone and have no idea that such a proposal can crash the stock market and undermine everyone’s pensions because of their hatred of the rich.
The UNREALIZED tax will eventually be expanded down to everyone. The Income-tax began the same way – it would only apply to millionaires back then. The UNREALIZED taxation will work similar to gambling where you pay tax on your gains, but no credit for losses. So if you buy a stock, it triples and you make $1 million, you will have to pay $200,000 to the Feds so you will be forced to sell at least some stock and as the price declines, so be it. You are taxed on where it was at the end of that period – no credit for the decline. Then next year, you will pay 20% again on what is left until the entire gain is paid in taxes and you will be left with NOTHING.
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They always target the rich to justify the tax and then extend it down to everyone. Janet Yellen tried to bullshit everyone lowering reporting every transaction down to $600 claiming they were after billionaires. They always count on people just being stupid.
The ONLY way to avoid this disaster of a 20% wealth tax, which would apply even to your home, is you can no longer invest. But it also means you should NOT take your company public or expand it for you will be punished for doing so.
Everyone will have to become a trader. So to avoid paying endless taxes on the value of your home thanks to inflation is to sell it and rent from Larry Fink at Blackrock, who is on the board of guess who – Kaus Schwab’s World Economic Forum. So in the end, Biden is ushering taxes to force you into YOU WILL OWN NOTHING AND BE HAPPY. Fink will be exempt for it is owned by a fund.
Yes, a number of people have asked in Fink is a subscriber to our model after he came out and said globalization is dead, I have no idea but I would NOT advise Fink anymore than I would Advise Schwab. The only question I would ask is why the hell are you trying to destroy the world economy? Investing in Blackrock emerging markets you better get out before it’s too late. These people have destroyed the world economy in just 8.6 weeks come the week of April 18th.
So while Biden calls for a regime change in Russia where he said: “For God’s sake, this man cannot remain in power,” I think he was looking at himself in the mirror. Putin is not a threat to the future of my family – Biden and his Marxists are. We need a regime change not in Russia – but right here in what used to be America.
The Founding Fathers KNEW the danger that an income tax would do for it renders all citizens nothing but economic slaves to the state and they must know everything we do at all times. Thus, in Article I the Founding Fathers PROHIBITED any form of a Direct Tax. We are now witnessing the destruction of the United States because of political corruption.
Direct Taxes
ARTICLE I, SECTION 9, CLAUSE 4
No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken.
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
Centinel2012 