A man has driven a vehicle through the front doors of Trump Plaza New Rochelle in New Rochelle New York. There are injuries from people who were in/near the lobby of the building.
Details are sketchy, but according to one report: “Workers at Trump Plaza New Rochelle say after car plowed into lobby, male driver got out and took a seat on a sofa. Said nothing. Several injuries but none are life threatening.”
Tony Aiello
✔@AielloTV
Workers at Trump Plaza New Rochelle say after car plowed into lobby, make driver got out and took a seat on a sofa. Said nothing. Several injuries but none are life threatening.
Cleanup underway at Trump Plaza New Rochelle. Police investigating why man drove car into lobby. Believed to be accidental but still under investigation. Residents coming and going, returning home from dinner, walking their dogs.
QUESTION: Marty; I am trying to understand your comments that the Canadian real estate has peaked in real terms. Does this mean it will still rise as the currency declines as a hedge against the government in your shift from public to private confidence?
HG
ANSWER: Canada will benefit from the capital inflows to North America which will not be as intense as those into the USA because of your government’s punitive actions against foreign investors and its sheer stupidity in understand international trends.
What I mean in “real terms” relates to the Canadian investor in terms of purchasing power. Here is an illustration of our Canadian Real Estate Index in both Canadian dollars and in Chinese yuan. You can see that from the Chinese perspective, Canadian real estate is still rising as a hedge against their currency. This means that the crazy laws being imposed against foreign investors and Justin Trudeau’s latest campaign promise to impose a 1% national 1% tax on foreigners owning property in Canada which he says will be applied to speculation and vacancy on applicable residential properties owned by “non-resident, non-Canadians.” Once he imposes the tax, you can bet it will rise rapidly from 1% because there is a complete misunderstanding of what is driving the real estate markets.
Here is the Canadian Real Estate Index in terms of Euro. Again, we are witnessing breakouts that are stronger in foreign currency than in Canadian. As we head into the Monetary Crisis Cycle, capital flight from Asia and Europe will continue and this will distort the profits they think they are making in real estate not understanding that they are playing the currencies.
Nevertheless, the is all part of the shift from Public to Private assets. While the “real terms” perspective of “value” may not be making new highs in purchasing power, this is still part of the shift from public assets. Some people will buy equities, others will go into real estate, and still others gold or other precious metals. The end game is to divest yourself of public assets and stay away from “fixed rate” investments where you are the creditor. Borrowers should be fixing their loans.
I worked with auto manufacturers in Japan and Germany. Their biggest problem was misunderstanding currency. A 911S Porsche in 1970 sold for $8,675 (31,579DM). In 1980, the same year the German automaker pulled its Turbo edition 911 in the United States, a new fifth-generation 911 cost $27,700 (46,507DM). The appreciation in dollars was 219% compared to an increase in Deuschemarks of only 47%. This created the image that German cars were better than American because they held their value. It was currency – not quality.
The majority of people just look at the price and do not understand that the currency swings can make a bad investment look good. You must always look at this from an international perspective.
The hunt for money is moving into high gear in Germany. Prior to 2017, it was possible to buy gold anonymously in quantities up to €15,000. In 2017, this limit was reduced to €10,000. Now, Merkel has drastically reduced this limit to just €2,000 beginning in 2020. Any transaction greater than that amount requires the buyer to prove their identity and give their data to the gold trader.
While Merkel has allowed the refugees to pour into Germany, denying there are terrorists hidden among them, she has justified this reduction in anonymous gold purchases by arguing against money laundering to stop terrorism. This means that terrorist would be buying gold inside Germany, which on the other hand she denies letting them in to start with.
Merkel is not satisfied with imposing just a price limitation. She also wants to introduce the 50-gram rule, which would apply regardless of price. For physical gold buyers, this means they will not be able to buy a 50-gram ingot (1.60754 troy ounces) without the gold trader taking personal data and saving it for five years. This certainly applies if you tried to buy just two one ounces coins.
Merkel has formally justified this change in the laws on gold as a step in the fight against money laundering and terrorist financing. The government studies show that out of 77,252 cases registered in 2018 that suspected terrorism financing, only 175 cases involved precious metals.
Terrorism has been a real windfall for governments since 9/11. They have increased their powers globally and probably send thank you cards to the terrorists for handing them the excuse to create total financial surveillance that they use in the hunt for taxes.
The Merkel government has been making a concerted effort to introduce a total surveillance state and track the finances of its citizens. There is chaos in Europe with negative and punitive interest rates, high bank charges, and a declining euro. All of this is mixed with a prolonged economic recession in Europe since 2007 as we approach a 13-year decline in 2020. More and more Europeans are looking for ways to safely and anonymously invest their savings, which have been under direct assault by the government. This has been leading to the hoarding of US dollars and now the change in legislation on gold is only going to increase the switch to dollars.
QUESTION: What did you think of the Democratic debate. It looks like they are just preoccupied with hating Trump they have lost touch with reality. You previously said that the Democrats could collapse as a party after 2020. Does that seem likely?
PH
ANSWER: I know the press is spinning this that Trump will surely lose in 2020. Our models do not indicate that as yet. There remains the risk as we had forecast back in 1985 that the Democrats could cease to exist after 2020 and split at the very minimum. The other part of that forecast was that 2016 was the first opportunity for a possible third-party candidate to win. It appears that forecast was correctly made way back in 1985. That target was from the beginning of this 51.6-year Business Cycle 1985.65. It was the Pi target which was + 31 years = 2016.
The message from the Democratic debate was that they were going to raise your taxes substantially, triple your gasoline price to save the planet which would only mean people would lose their jobs if they cannot afford to get to work in many regions. They want open borders simply because Trump wanted a wall to stop the drug trade and it is already illegal for an employer to hire an illegal alien. If they do not have a Social Security number, they are not paying payroll taxes and thus compete with legitimate citizens so forget minimum wages.
The Democrats will take away your healthcare and we all know the problems of government healthcare – just look at the VA scandals. My healthcare doubled thanks to Obamacare. Then, of course, they want to outlaw guns. In China, they executed three men who killed 31 people at a train station with knives. It’s the crazy people – not the guns. Assault weapons are one thing. They are talking about the complete removal of guns and taking on the NRA.
This is a message of hate-inspired simply by the fact they hate Trump. There was no discussion of the economy. They want to open borders because Trump wanted a wall. Just look at Europe and the chaos of Merkel’s open borders which is the primary reason for the rising separatist movements. So open border means I should not have to go through TSA at airports – right! I can keep my shoes on?
The minorities they keep telling need the Democrats to ignore the fact that unemployment for both the Blacks and Hispanics in America is at record lows. We have Bernie swearing he will control every aspect of the economy and Elizabeth Warren being advised by the Communists from France – led by Thomas Piketty.
This is what I mean that they are so fixated on Trump, they simply take the opposite of any of his policies. That really makes no rational sense. They are dividing the party between liberal politics and the extreme left. It looks like the computer may be correct on that one as well. The Democratic Party may split. The party name would not be abandoned. They will keep that. But there is some great divide unfolding.
The chart presented above shows that on a combined Senate & House basis, they have been losing ground. When people are young, they are generally socialists until they graduate and begin to see the real world and have to pay taxes. The ones who cannot mature, live forever in their little bubble and blame everyone else for their failures.
If we look at the Presidential elections, the Democrats peaked with FDR and have been making lower and lower highs ever since. This is the basis of that forecast that the Democrats have been in a bear market. They have lost touch with the core of the people.
Ex-NFL football player Edawn Coughman, 31 of Buford Georgia owns several pizza and ice-cream restaurants. When police responded to a 911 call about a suspicious person and break-in they discovered Mr. Coughman had just staged a burglary and vandalism of his own business, including the spray painting of “Monkey”, “MAGA” and Swastikas on the walls.
GEORGIA – […] “It’s possible he was trying to stage this as a hate crime,” Pihera said. “We don’t know if he was trying to get attention for this. What we do know is, if that witness had not called us and if those officers had not responded as quickly as they did, we would probably be sitting here talking about a completely different crime in which Mr. Coughman would be trying to say he’s a victim.”
[…] Coughman was arrested and taken to Gwinnett County Jail, charged with false report of a crime, insurance fraud and concealing a license plate. He has since bonded out. Pihera said there is a possibility additional charges will be filed. (read more)
A basic primer on UN Agenda 21 aka Sustainable Development
This image is of Petsche’s world with him in the shining city and the rest of us in poverty. Brecksville has been targeted for take over and we must resist. Agenda 21 in all of its various flavors is nothing more than a clever means of implementing communism in America.
In One Easy Lesson
Awareness of Agenda 21 and Sustainable Development was started by Bill Clinton in 1993, 26 years ago and its US implementation is now at the local level across the nation. Bike paths are a key part of the program. Some citizens in community after community are learning what their city planners are actually up to. As awareness grows many complain that elected officials just won’t read detailed reports or watch long videos.
So here is some help. A starter kit of information on Agenda 21 that can be used to get started. A word of caution, use this as a starter kit, but do not allow it to be your only knowledge of this very complex subject. To kill it you have to know the facts. Research, know your details; discover the NGO players in your community; identify who is victimized by the policies and recruit them to your fight; and then kill Agenda 21. That’s how it must be done. The information below is only your first step. Happy hunting.
What is Sustainable Development?
According to its authors, the objective of sustainable development is to integrate economic, social and environmental policies in order to achieve reduced consumption, social equity, and the preservation and restoration of biodiversity. Sustainablists insist that every societal decision be based on environmental impact, focusing on three components; global land use, global education, and global population control and reduction.
Social Equity (Social injustice)
Social justice is described as the right and opportunity of all people “to benefit equally from the resources afforded us by society and the environment.” Redistribution of wealth. Private property is a social injustice since not everyone can build wealth from it. National sovereignty is a social injustice. Universal health care is a social injustice. All part of Agenda 21 policy.
Economic Prosperity
Public Private Partnerships (PPP). Special dealings between government and certain, chosen corporations which get tax breaks, grants and the government’s power of
Eminent Domain to implement sustainable policy. Government-sanctioned monopolies.
Local Sustainable Development policies
Smart Growth, Wildlands Project, Resilient Cities, Regional Visioning Projects, STAR Sustainable Communities, Green jobs, Green Building Codes, “Going Green,” Alternative Energy, Local Visioning, facilitators, regional planning, historic preservation, conservation easements, development rights, sustainable farming, comprehensive planning, growth management, consensus.
Who is behind it?
ICLEI – Local Governments for Sustainability (formally, International Council for Local Environmental Initiatives). Communities pay ICLEI dues to provide “local” community plans, software, training, etc. Additional groups include American Planning Association, The Renaissance Planning Group, International City/ County Management Group, aided by US Mayors Conference, National Governors Association, National League of Cities, National Association of County Administrators and many more private organizations and official government agencies. Foundation and government grants drive the process.
Where did it originate?
The term Sustainable Development was first introduced to the world in the pages of a 1987 report (Our Common Future) produced by the United Nations World Commission on Environmental and Development, authored by Gro Harlem Brundtland, VP of the World Socialist Party. The term was first offered as official UN policy in 1992, in a document called UN Sustainable Development Agenda 21, issued at the UN’s Earth Summit, today referred to simply as Agenda 21.
What gives Agenda 21 Ruling Authority?
More than 178 nations adopted Agenda 21 as official policy during a signing ceremony at the Earth Summit. US president George H.W. Bush signed the document for the US. In signing, each nation pledge to adopt the goals of Agenda 21. In 1993, President Bill Clinton, in compliance with Agenda 21, signed Executive Order #12852 to create the President’s Council on Sustainable Development in order to “harmonize” US environmental policy with UN directives as outlined in Agenda 21. The EO directed all agencies of the Federal Government to work with state and local community governments in a joint effort “reinvent” government using the guidelines outlined in Agenda 21. As a result, with the assistance of groups like ICLEI, Sustainable Development is now emerging as government policy in every town, county and state in the nation.
Revealing Quotes From the Planners
“Agenda 21 proposes an array of actions which are intended to be implemented by EVERY person on Earth…it calls for specific changes in the activities of ALL people… Effective execution of Agenda 21 will REQUIRE a profound reorientation of ALL humans, unlike anything the world has ever experienced… ” Agenda 21: The Earth Summit Strategy to Save Our Planet (Earthpress, 1993). Emphases – DR
Urgent to implement – but we don’t know what it is!
“The realities of life on our planet dictate that continued economic development as we know it cannot be sustained…Sustainable development, therefore is a program of action for local and global economic reform – a program that has yet to be fully defined.” The Local Agenda 21 Planning Guide, published by ICLEI, 1996.
“No one fully understands how or even, if, sustainable development can be achieved; however, there is growing consensus that it must be accomplished at the local level if it is ever to be achieved on a global basis.” The Local Agenda 21 Planning Guide, published by ICLEI, 1996.
Agenda 21 and Private Property
“Land…cannot be treated as an ordinary asset, controlled by individuals and subject to the pressures and inefficiencies of the market. Private land ownership is also a principal instrument of accumulation and concentration of wealth, therefore contributes to social injustice.” From the report from the 1976 UN’s Habitat I Conference.
“Private land use decisions are often driven by strong economic incentives that result in several ecological and aesthetic consequences…The key to overcoming it is through public policy…” Report from the President’s Council on Sustainable Development, page 112.
“Current lifestyles and consumption patterns of the affluent middle class – involving high meat intake, use of fossil fuels, appliances, home and work air conditioning, and suburban housing are not sustainable.” Maurice Strong, Secretary General of the UN’s Earth Summit, 1992.
Reinvention of Government
“We need a new collaborative decision process that leads to better decisions, more rapid change, and more sensible use of human, natural and financial resources in achieving our goals.” Report from the President’s Council on Sustainable Development
“Individual rights will have to take a back seat to the collective.” Harvey Ruvin, Vice Chairman, ICLEI. The Wildlands Project
“We must make this place an insecure and inhospitable place for Capitalists and their projects – we must reclaim the roads and plowed lands, halt dam construction, tear down existing dams, free shackled rivers and return to wilderness millions of tens of millions of acres or presently settled land.” Dave Foreman, Earth First.
What is not sustainable?
Ski runs, grazing of livestock, plowing of soil, building fences, industry, single family homes, paved and tarred roads, logging activities, dams and reservoirs, power line construction, and economic systems that fail to set proper value on the environment.” UN’s Biodiversity Assessment Report.
Hide Agenda 21’s UN roots from the people
“Participating in a UN advocated planning process would very likely bring out many of the conspiracy- fixated groups and individuals in our society… This segment of our society who fear ‘one-world government’ and a UN invasion of the United States through which our individual freedom would be stripped away would actively work to defeat any elected official who joined ‘the conspiracy’ by undertaking LA21. So we call our process something else, such as comprehensive planning, growth management or smart growth.” J. Gary Lawrence, advisor to President Clinton’s Council on Sustainable Development.
“False Choice” – How Sustainable Development is Transforming Property Rights *NEW!*
U.S. House of Representatives Approves Participation in Agenda 21
In this October 2, 1992 session, the House of Representatives passed HC 353, a resolution calling for the U.S. to assume a strong leadership role in implementing the sustainable development recommendations of the Rio Earth Summit including Agenda 21. Hear sponsors E. Engel (D-NY), N. Pelosi (D-CA) and W. Bloomfield (R-MI).
How Agenda 21 Affects Your Property Rights:
Explanation of The Wildlands Project:
Downloadable Documents
(Scroll down to see the categories below)
Understanding Agenda 21/Sustainable Development
Tracing the History of Agenda 21/Sustainable Development
Legislation Addressing the Threat of Agenda 21/Sustainable Development
Taking Action to Expose Agenda 21/Sustainable Development
Examples of Agenda 21/Sustainable Development’s Impact on Property Rights
Links to United Nations Websites
Sources for Further Information
1. Understanding Agenda 21/Sustainable Development
This single sheet makes the step by step connection between UN Agenda 21, sustainable development, Smart Growth and local planning activities. It includes sources so you can do your own checking.
Citizens can present the following two page document to their public officials. It contains suggestions for how to protect the rights of property owners and still keep the environment safe.
While conservation easements are widely praised as a way to save the environment and keep property rights, in fact, in the long term they often do neither. The article, “Big Meadows, Big Mistake” tells the “rest of the story” on Conservation Easements.
This conference created the baseline for the UN’s viewpoint and future actions regarding individual property rights. See pdf page 2 [document page 28] under, Land – Preamble, for their stance on private property. This position is reflected in policies being enacted across the U.S. today.
This definition easily identifies UN Agenda 21 related initiatives as it traversed from various reports to the U.S and into our federal agencies. The full report can be found here.
In this candid 1997 interview, ICLEI founder explains how he was tapped to create an organization to “make sure this agreement [Agenda 21/sustainable development] among nations actually will get implemented…”
The Rio Declaration outlines the framework of Agenda 21. It was agreed to by President George H.W. Bush in 1992, thereby establishing official recognition of Agenda 21 by the U.S.. The complete 40 chapter United Nation’s Agenda 21 report can be found here.
President Clinton signed Executive Order 12852 in 1993, which created the President’s Council on Sustainable Development. Here is a copy of that Executive Order.
This article in the Millennium Papers describes how the name Agenda 21 was replaced with terms such as Smart Growth, Growth Management and Comprehensive Planning to prevent Americans from recognizing the connection to the United Nations. See highlighted page 5.
These pages from the Federal Register clearly indicate that the EPA’s Challenge Grant Program was created for the purpose of implementing Agenda 21 in the U.S.. See the highlighted section on page 2.
This scientific document shows, under the highlighted section,s how the EPA today still follows the basic definitions of sustainable development as defined by the UN’s Brundtland Commission, in their newest decision making process.
In 2009, these three federal agencies partnered using ‘livability’ principles to gain greater involvement in local planning and regulations. Read the ‘Livability Principles” and the “Partnership Agreement.” Notice the affect the federal government can have on your community. See more below.
This HUD Notice of Funds Available clearly shows that along with the grant money come mandates and requirements for social engineering in the form of social equity.
Pres. Obama signed this EO in June of 2011 giving each of the Federal agencies authority over the “food, fiber and energy” for all of rural America or 16% of the US. Control of resources is a key requirement of sustainable development as it enables the governing authority the power to manage their useage more efficiently than individuals and communites.
In March 2012, Pres. Obama signed this EO giving HUD the authority to engage in city, community and regional planning to “augment their vision for stability and economic growth…” This EO insures that “Federal assistance is more efficiently provided and used.” HUD now has the ability to create regulations to enforce that local and regional planning the government feels is beneficial to the fiscal stability of the US.
This partnership is changing the landscape of rural America. Once allowed into your community, the HUD-DOT-EPA partnership defines what qualities your “liveable” locality must include. More transportation choices invariably means more light rail transit and bicycles. The government defines the character, context and needs of each community with token input from citizens. Social enguineering is inherent in what the government calls, “equitable housing, sustainable strategies and value communities.” Most of the plans look appealing in slide presentations, but, once implemented, local citizens are stuck with regulations imposed by the government that offer little future variation and minimal if any opportunity to return to a way of living you may find more desirable. As one planner said, “You will be able to live in a rural area if you want to…but it will cost you.”
Here, in friendly sounding terms, the Secretaries of HUD, DOT and the EPA make it clear the federal government intends to manage your commuunity design, make it livable and environmentally green, all according to their needs and definitions. Each of the projects and grants, though verbally and graphically enticing, precisely echo the Vancouver Plan of Action. The results are exactly as defined in Vancouver in 1976.
In January of 2012, the EPA changed their decision making process to embrace sustainable development as defined in the UN’s 1987 Brundtland Report. In April 2012, the agency created plans to incorporate civil rights regulations in their environmental policy to establish a basis for environmental justice.
3. Legislation Addressing the Threat of Agenda 21/Sustainable Development
In January, 2012, the Republican National Committee unanimously approved an historic resolution exposing the dangers of United Nations Agenda 21, ICLEI and the loss of private property ownership, single family homes, private car ownership, individual travel choices and privately owned farms under the banner of “sustainable development” and Smart Growth.
For the first time, the leadership of one of the two major American political parties acknowledged that so-called “social justice” is robbing our society and the environment and replacing our sovereignty with a socialist/communist wealth redistribution scheme. Please read this document carefully and share it freely.
New Hampshire’s bill prevent the state, counties, cities and towns from contracting with or accepting money from ICLEI, a large non-governmental orgnaization[NGO] implementing Agenda 21 throughout the U.S.
The Property Rights Council provides a committee to review planning documents and agreements prior to acceptance to assure that property owner’s rights are not exploited by planners or governmental agencies. For further information, go here.
The EPA, under the Clean Water Act, expanded its control over citizen’s private property by redefining navigable waters to include certain artificially irrigated areas, artificial lakes and ponds used for irrigation, non-navigable tributaries to navigable waters, wetlands abutting relatively permanent waters and more. This bill defines “navigable” waters as those that are actually “navigable.”
This bill prohibits Alabama and its political subdivisions from adopting environmental and developmental policies that, without due process, infringe or restrirct private property rights of property owners. Further, it prohibits policies that are traceable to “Agenda 21″ as adopted by the United Nations in 1992 at its Conference on Environment and Development.
This Florida bill protects all state subdivisions from adopting any developmental policies that, without due process, infringe or restrict the private property rights of the property owner. It specifically mentions any policy recommendations traceable to Agenda 21 as adopted by the UN at the 1992 Conference on Environment and Development. This would include those policies recommended by Non-Governmental Organizations and Federal Agency regulations that are Agenda 21 related.
4. Taking Action to Expose Agenda 21/Sustainable Development
The Coordination Strategy can slow or stop planning processes that may endanger individual property rights. Most federal agencies are required by law to coordinate their plans that will impact the local community with local governments. Often this does not happen as most local governmens are not aware of this requirement, or do not know how to implement the process. When local governments assert coordination authority, the federal agencies must respond.
Recently, the American Planning Association circulated a fact sheet titled, Agenda 21: Myths and Facts. The APA is a large and highly respected planning organization, that often does exemplary work. But their “fact” sheet is rife with distortions, misconceptions and inaccuracies. This document provides information to respond to the APA’s errors.
The American Planning Association, rather than address critics’ concerns for private property rights, chose to re-brand their information by creating a new vocabulary. This transparent attempt to confuse the public while making it easier to implement their own chosen plans sidesteps citizens’ genuine concern for individual rights.
5. Examples of Agenda 21/Sustainable Development’s Impact on Property Rights
Form-based codes are a programmed method for replacing existing zoning regulations with boilerplate zoning and development code models. They make it easier to implement Agenda 21 type plan enforcement. Form-based codes often replace the need for local zoning ordinances and reduce the role of public officials. Once installed, form-based codes become the new laws governing a wide range of activities in your community.
Here is the introduction to a book describing form-based codes. When promoting this method of codification, promoters often show audiences live PowerPoint presentations of their current community followed by dazzling pictures of what their town can become. Most citizens are so impressed with the stunning design work, they overlook the draconian regulations and potential loss of rights that accompany the plans. Notice the fifth paragraph on page 14 in which Peter Katz, Pres. of the Form-Based Codes Institute, describes how to use the “charette” process to manipulate public responses.
Behavioral scientist Magnus Söderlund, appearing on Swedish state TV, says to combat climate and deal with the looming food scarcity we need to overcome the “conservative taboo” against eating human flesh. Even if you’re reluctant to taste your neighbor, he says you could become accustomed to cannibalism little by little. Söderlund claims that only selfishness makes us reluctant to eat one another, but as an expert in behaviors he believes people can be “tricked” into “making the right decisions.” Is this “Get woke, eat folk” sensibility just the latest example of climate change scare tactics aimed at forcing government action? Bill Whittle Now deals with the news of the day — no matter how distasteful — in the context of enduring principles. Members fund this, and some four dozen other shows per month, with their contributions at https://BillWhittle.com/register/
Cameron Ortis, a director general with the Royal Canadian Mounted Police’s intelligence unit (RCMP), faces three charges of violating intelligence laws and leaking sensitive information. While the destination for his leaked intel is not revealed, his professional business profile shows he speaks “fluent mandarin Chinese“. So, connect the dots…
Obviously Justin from Canada wants to keep a tight lid on the spying compromise; and unfortunately, with the Canadian election a little more than a month away, the compliant state-run media are more than willing to try and downplay the issue.
OTTAWA (Reuters) – A top Canadian police intelligence officer has been charged with leaking secret information, authorities said on Friday, in what could be a major security breach.
Cameron Ortis, a director general with the Royal Canadian Mounted Police’s intelligence unit, faces three charges under a little-used 2012 security of information law.
“It is alleged he obtained, stored and processed sensitive information … with the intent to communicate that information with people he shouldn’t be communicating to,” federal prosecutor John MacFarlane told reporters outside Ottawa’s court house after Ortis was charged.
Sources with knowledge of national security investigations described Ortis as former RCMP Commissioner Bob Paulson’s most elite adviser on issues related to national security. Paulson was in office from 2011-2017.
“Operationally, this could be very, very bad,” said Stephanie Carvin, an assistant professor and security expert at Ottawa’s Carleton University.
Canada is part of the Five Eyes intelligence-sharing network with United States, Britain, New Zealand and Australia. (read more)
QUESTION: Marty,
Sometime you compare today’s financial markets and economy to what was going on in the mid to late 1920s . Woodrow Wilson is even referenced concerning the flight of capital and of course that flight came to the United States.
You also say that the global markets and economy are unlike anything in modern history. I can only assume that you are referring to the artificial bond yields and prices due to central banks buying so much of the sovereign debt.
How is this period that same as the late 1920s and how is it different?
I am a huge fan of your work. Thanks for the blog and for Socrates!
NM
ANSWER: There was a flight of capital to the United States pushing the dollar higher for World War I. Woodrow Wilson was president 1913 – March 4, 1921. Wilson introduced a comprehensive program of domestic legislation at the outset of his administration, something no president had ever done before. Willson took a rather interesting view of tariffs. He argued that the system of high tariffs
“cuts us off from our proper part in the commerce of the world, violates the just principles of taxation, and makes the government a facile instrument in the hands of private interests.”
Tariffs were really an additional tax on consumers which Trump does not understand for he is looking only at jobs which is typical. Tariffs benefits only the producers by rewarding them with a higher income than the free market would provide. However, the other side of the coin on this issue was that Wilson also created the income tax. The Revenue Act of 1913 reduced the average import tariff rates from approximately 40% to about 26% and the revenue shortfall was to be be made up with income taxes.
Wilson created the Federal Reserve in 1913. He also moved for major legislation seeking antitrust legislation to enhance the Sherman Antitrust Act of 1890, which was really a response to the consolidation of railroads. The politicians saw mergers as destroying jobs rather than creating an efficient railway system. Wilson was also against the position that the USA should own colonies, and thus he promoted the independence of the Philippines. From 1914 until early 1917, Wilson’s tried to keep the USA out of the war in Europe. That did not sit well with the hawks in Congress.
All of that said, on the one hand we have Trump against war, as was Wilson, but in favor of tariffs as a tool to win free trade ignoring that they are really a consumer tax and protectionism for overpaid jobs. It was Wilson who told the Fed they had to buy US government bonds to prevent the yield from rising, which is sort of the problem we still have today. The Fed was originally designed to stimulate buying corporate paper directly when banks would not lend. Now the Fed stimulates by supporting government buying bonds from the banks who in turn still do not lend to support the economy in a crisis. The very idea why we needed the Federal Reserve has been completely reversed.
The primary difference today is the debt. The capital shifted into the USA and we see divergences between the highs and lows centered around World War I, whereas the 1929 and 1932 lows take place in both British pounds and dollars. For the World War I commodity boom, the US high was November 1919, whereas the British pound high was January 1920.
There was a major debt crisis in Europe, but not the United States. This is what wiped out Britain as it lost the crown of the financial capital of the world to the USA. This time, the debt crisis is systemic. The currencies are showing divergences as they did pre-World War I. But we have a socialist crisis whereas Western economies are collapsing unable to fund all the promises, as was the case with Communism in 1989-1991 in China and Russia. The central banks only keep governments on life-support and there is no direct stimulation of the economy. Every lesson from the past has been forgotten. We have put all the eggs in one basket (government) and we have politics in meltdown as republics are collapsing and the left v right is becoming much more intense which will, as always and without exception, lead to violence, civil unrest, separatist movements rising, and could result in revolutions which increases the risk of international war as politicians need a distraction from their failed domestic agenda.
It is just now our turn to rock & roll.
This will make for a very interesting WEC this year in Orlando.
QUESTION: Dear Mr. Armstrong,
Thank you for your blog. It has taken the veil off my eyes.
As I understand, not only is the hypothesis that mankind can alter the Earth’s climate nonsense, it is also detrimental to the world’s economy. It misplaces important resources, and anti-CO2 regulations hinder growth and the betterment of mankind.
In Norway, where I write from, there is pure hysteria. Children are being brainwashed into fear. People are talking about “Norway’s climate policies” not being good enough, and such nonsense.
Although I understand that this helps governments grow stronger by allowing them to introduce new taxes and regulations, I also thought that the powers that be, the ones really calling the shots, prefer more economic growth and less regulation.
Why has not the climate hysteria been globally debunked yet? It wouldn’t take so long. Aren’t the financial and industrial powers that be powerful enough? Or do they also benefit from the anthropogenic climate hysteria? Could you please shed some light into this?
Thank you.
ROM
ANSWER: This has become the agenda of the left. They are using it to grab more power and justify class warfare. The media is on board. I asked someone I know in that political camp and he said: “Look, fear politics is best. You know that!”
My summation of dealing with governments most of my adult life, well, I have come away with a simple reality.
When I was young and naive, I believed that the government was really there to help. It soon became clear to me what really drives governments.
I can show with absolute proof, say 25 million people will die next month because of something. They will respond, perhaps you are wrong.
I have come to realize that politicians LOVE a crisis for that is when they can look impressive.
If I were to run for president and said, “Vote for me because I saved your job, home, and your life!”you would look at me and ask how I did such a thing? It is impossible to convince you that whatever I did saved everything that you had no idea was even in jeopardy.
It is far better to run for office with a crisis and then I can say, “Vote for me, I will go get the guy that caused you to lose your job, home, and your family!”
With every crisis, they form committees. Just look at the Russia nonsense. Even if they bought adds on Facebook, that will not win an election. If they released Hillary’s emails, then that was the truth. There was no allegation that anyone faked the emails. So they turned it into a crisis and have kept it going. There is nothing like a good crisis for politicians on both sides.
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
Tony Aiello
Centinel2012 