Armstrong Economics Blog
Re-Posted Mar 6, 2016 by Martin Armstrong
Christine Lagarde remained at the IMF and one of three Troika members because she is a Socialist and on board with both raising retirement ages to cheat people out of what they planned and to raise taxes while closing all borders to the movement of capital. She is also pushing behind the curtain for the SDR to replace the dollar and then the IMF becomes the power behind a one-world currency without ever having to stand for election anywhere.
Lagarde if pitching as a priority the lifting of retirement ages to match her excuse, the increase in longevity gains. People have been taxed their whole lives and governments have squandered that money while making lavish promises. Now Lagarde was retained at the IMF because she can push the Socialist agenda which is robbing the average person while blaming the rich. She does not have to worry about elections so she can do as she likes. Then pension systems around the world world are collapsing not just due to demographics, but the stupidity of government management. Lagarde is looking to use the demographics as the excuse because government have been robbing the people all along while blaming the rich. Lagarde is looking to alter the pension systems by extending the “productive life” expectancy of individuals. Extending the retirement age will allow them to tax you longer in life while shortening your benefit period of retirement. If government was managed properly and honestly, there would be not such crisis had money actually been saved instead of spent.
Largard has been running around the world threatening all tax heavens that they would be blocked from the Swift System if they did not turnover all accounts. She even threaten the Vatican. Then she proposes broadening the tax base for consumption taxes (value-added or sales taxes), so everyone will pay a lot more including on the internet. Lagarde also wants to increase taxation of energy. She see the fall in oil as a windfall for new taxation to take prices back to their highs while enriching government.
Then she wants to improve taxation collection and proposes a tax on multinational corporations. She has supported the 2017 G20 accord to share info on everyone. Thus, Lagarde seeks to expand tax enforcement on a global scale making sure there is no place to hide. In the fiscal side, she argues that governments need to be better managed. However, she has no real suggestions how to accomplish that goal.
Beware of the IMF. They are seeking to emerge as the leader of a new one-world currency system.
Centinel2012 