Posted originally on the CTH on November 1, 2024 | Sundance
The final Bureau of Labor & Statistics (BLS) jobs report before the election was released today. The results are devastating to the Biden economic narrative, yet reflective of the statistical manipulation within prior data. [BLS Report HERE]
Overall, 12,000 jobs were added. However, the private sector lost another 28,000 jobs and government gained 40,000.
Additionally, “the change in total nonfarm payroll employment for August was revised down by 81,000, from +159,000 to +78,000, and the change for September was revised down by 31,000, from +254,000 to +223,000. With these revisions, employment in August and September combined is 112,000 lower than previously reported.” [BLS Report, Table B-1]
Nationally the retail sector lost another 6,400 jobs, but state government increased employment. The host is getting smaller, the parasites are enlarging.
I’m actually a little surprised to see the bureau publish openly damaging information to their aligned administration. However, that may also indicate a certain amount of acceptance of the inevitable on behalf of the BLS data control officials. At a certain point everyone has to admit the emperor has no clothes.
Many businesses are in a holding pattern, having survived the last several years.
Many individuals are one last breath away from drowning.
Posted originally on Oct 31, 2024 By Martin Armstrong |
Next week, those attending the World Economic Conference can pull down this report from your portal. The Crisis in Democracy goes through in detail and reviews even Direct Democracy addressing the criticisms and why this end up as our only alternative.
This report deals in-depth with the Greek Philosophers Socrates, Plato, and Aristotle and their criticism of a Direct Democracy compared to our present state of political disaster. This is the way to the future, and this report dives into this critical issue for our future survival as 2032 approaches.
The Report will be available for non-attendees and Virtual Plus at $300 after the conference.
Birth rates are plummeting across the world — America, Canada, South Korea, Singapore, Taiwan, Italy, Japan, Russia, and now England and Wales. Nearly every developed country has seen a large decline in the fertility rate as a direct result of economics. People simply cannot afford the costs associated with raising children and it is slowly changing civilization. England and Wales recently reported the lowest fertility on record since it began collecting data in 1938. Fertility rates in the UK are falling faster than any other G7 nation.
The total fertility rate (TFR) fell to 1.44 per woman in 2023 compared to 1.49 in 2022, marking the lowest on record since the Office for National Statistics (ONS) began collecting data. There were 591,072 new births recorded last year but that is the lowest figure since 1977. The ONS stated that “natural” population replacement may only occur when women have a fertility rate of 2.1 children.
Fertility rates across the world are plummeting but individual nations are seeing their populations explode as a direct result of immigration. In fact, the number of migrants entering the UK far surpasses the birth rate, with an estimated 685,000 migrants entering the UK in 2023.
We are witnessing population replacement at play. Birth rates are declining across developed nations among the citizens who can no longer afford to expand their families. On the other hand, these nations opened their borders and provided free shelter, healthcare, etc., to migrants who are comfortably expanding their families. In the UK, we are witnessing a Christian nation being replaced with Islamic views and ideals as most migrants arrive from the Middle East, and their culture encourages having larger families. We are witnessing a shift in society as the current citizens are being phased out and replaced by newcomers.
Posted originally on Oct 25, 2024 By Martin Armstrong
Bill Gates has come out to offer his endless support to Kamala Harris, providing her campaign with $50 million. The same news agencies praising Gates for supporting Harris have condemned the likes of Elon Musk for supporting Donald Trump. Gates has been CIVILLY CHARGED in the Netherlands and is perhaps buying favor with the DOJ. If he refuses to show up to testify or be deposed, he could be charged with contempt in the Netherlands, and it would be up to the DOJ if they extradite him or not. Tim Walz even accused Musk of attempting to “buy” the election, but now it’s (D) different.
Musk’s $75 million investment into a GOP super PAC made headlines as most billionaires vote blue. Yes, the same party that touts it must hunt down the rich happen to be supported by the same people. No one has significantly risen taxes on the billionaire elite class. All of those promises and talks of “fair share” are utter propaganda.
The New York Times stated that Bill Gates is primarily concerned about Trump’s global health programs. Gates, who has been in cahoots with foreign labs, creating new vaccines, buying up farmland, and investing in alternative food sources is concerned about global health. Get real. Everyone is acting on the invisible hand in their best interest.
Jamie Dimon, CEO of JPMorgan Chase, has offered Kamala his full support. He has a lot riding on the Ukrainian Reconstruction Fund with Blackrock. There are talks of Dimon becoming a Treasury secretary under Harris as well.
Former Dallas Mavericks owner Mark Cuban has been insufferable in his demonization of Trump. “Elon, there will come a time when you need something from Donald Trump. You will think you will have earned the right to ask and receive. You have been a loyal, faithful soldier for him. You have supported him politically with 10s of millions of dollars. Then, at the point you need him the most, you will find out what so many before you have learned, his loyalty is only to himself,” Cuban wrote online.
“I think part of why Kamala’s getting so much support is that if Trump wins, that Epstein client list is gonna become public,” Musk said. “And some of those billionaires behind Kamala are terrified of that outcome.” Musk firmly believes LinkedIn founder Reid Hoffman and Bill Gates are on Epstein’s client list. Yet, the motive is far deeper as the billionaire elites have backed the Democratic Party for quite a long time.
Tech billionaires Reed Hastings, Sheryl Sandberg, Dustin Moskovitz, Ron Conway, Vinod Khosla, and Ron Conway all support Kamala Haris. We know Mike Bloomberg despises Trump and has already pledged $19 million to the Harris-Walz campaign. Laurene Powell Jobs, Sam Altman, and David Ellison have also donated to Haris. Of course we cannot forget the Soros family. Over 76 billionaires currently support Kamala Harris over Donald Trump. One must ask – WHY? Gates has a very clear and sinister motive that no one wants to see carried out. Truly astonishing that the Democrats still position themselves as the class of the working man (or genderless taxpayer).
Posted originally on Oct 24, 2024 By Martin Armstrong |
The Internal Revenue Service (IRS) released new tax bracket information for 2025. Most tax thresholds increased by 2.8% compared to 2024. The report, released ahead of the election, claims these changes will prevent “bracket creep” where inflation propels taxpayers into higher brackets. However, the tax breaks imposed under former President Donald Trump come to an end after 2025 if no action is taken and this could be the lowest tax season for many years to come.
The bottom 10% level now applies to those earning up to $11,925 for single filers and $23,850 for married couples filing jointly. The top 37% rate covers incomes over $626,350 for single filers and $751,600 for married couples filing jointly. The standard deduction has risen to $15,000 for single filers, up from $14,600 in 2024, while married couples can claim $30,000, up from $29,200.
The 2.8% modification for 2025 is less than the inflation adjustments made in recent years when we saw an adjustment of 5.4% in 2024 and 7.1% for 2023.
Now, the Tax Cuts and Jobs Act (TCJA) of 2017 enacted by Trump will expire next year if Congress fails to take action. If this legislation expires, we will revert to pre-2017 tax levels. The media highlights that the dreaded rich would be forced back into a 39.6% tax bracket compared to the 37% they now pay, but everyone could see a sharp rise in the money they owe Uncle Sam.
The state and local tax (SALT) deduction would also expire. This program currently places a $10,000 cap on state and local tax deductions. State and local governments would have the ability to raise taxes if this is repealed. Some agencies estimate reversing this measure would up federal revenues by $1.1 trillion over the next decade – they’re eager to destroy this provision.
A reversal of TCJA would bring standard deductions down to $16,525 for joint filers and the personal exemption rate would be $5,272. Small businesses were awarded a 0% deduction under TCJA for S-corporations, sole proprietorships, and partnerships. Twenty percent is significant for small businesses that are largely struggling to stay afloat in this economy.
Trump’s tax plan actually increased the child tax credit, doubling it from $1,000 to $2,000 not adjusted for inflation. Brookings Institute believes that repealing this measure would make the real value of this credit 25% lower than 2017 due to inflation.
Estate tax exemptions doubled under Trump’s tax plan. If this measure dies the exemption will be about $14.3 million for married couples and $7 million for individuals.
The government will become more totalitarian as it sees costs rise significantly in the face of war. Per usual, the people of the United States will be expected to foot the bill. The last revolution began through taxation. It is a matter of time before we see how the next one begins.
Marginal tax brackets for tax year 2025
Single filers
The table shows the income brackets for married couples filing jointly for the 2025 tax year.
Taxable income
Tax rate
$11,925 or less
10%
$11,926 to $48,475
$1,192.50 Plus 12% of amount over $11,925
$48,476 to $103,350
$5,578.50 Plus 22% of amount over $48,475
$103,351 to $197,300
$17,651 Plus 24% of amount over $103,350
$197,301 to $250,525
$40,199 Plus 32% of amount over $197,300
$250,526 to $626,350
$57,231 Plus 35% of amount over $250,525
$626,351 and above
$188,769.75 Plus 37% of amount over $626,350
Source: IRS
Marginal tax brackets for tax year 2025
Married filing jointly
The table shows the income brackets for married couples filing jointly for the 2025 tax year.
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