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Aug 28 2019

Germany & the SPD Proposed Wealth Tax


Armstrong Economics Blog/Germany

Re-Posted Aug 27, 2019 by Martin Armstrong

Acting SPD leader Thorsten Schäfer-Gümbel has drafted a concept for a wealth tax. He is proposing that this will bring the federal government €10 billion annually. He has argued that the rich have disproportionately benefited from the economic situation in recent years while the average person has struggled. He claims many even benefited from the financial market crisis of 2008/2009. Therefore, they should be punished with higher taxes more than 10 years later for the rest of their lives. Interestingly, very few people benefited from the 2008/2009 crisis unless they were a short player and those you can count on one hand. The banks are still insolvent in case he hasn’t noticed.

Schäfer-Gümbel claims the money will be used for necessary investments in infrastructure, housing for the refugees, and of course climate change. The excuses are endless. But the truth is that the state and local governments are broke with over 50% in dire need of capital. They cannot create money and the German people are already severely taxed to the point where they rank only #3 from the bottom in net worth within Europe.

The hunt for taxes has always ended in revolution. This is not a trend governments should be following. The system is just unsustainable as is. We need someone for once to look at the viability going forward. The solution is not to raise taxes to meet next month’s rent time and time again.

 

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By Centinel2012 • Posted in Economic Subjects • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, 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, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Aug 26 2019

What to Expect at the 2019 WEC This Year


Armstrong Economics Blog/World Economic Conference

Re-Posted Aug 25, 2019 by Martin Armstrong

QUESTION: Since we are nearing the turn in the ECM in January, will the focus be on how to position oneself for the next wave covering bonds, commodities, share markets, and currencies? You can smell this Monetary Crisis Cycle coming and the Sovereign Debt Crisis in the air. Has such a convergence ever taken place before?

BD

See you in Orlando

ANSWER: I am publishing for attendees for the first time the Dark Age Cycle. In addition the Manipulating the World Economy which is a detailed account of central banks and how the entire system has been managed which is now slipping through their fingers, we have indeed the first time in modern history when such things have converged. Historical accounts exist, but well before the 17th century so it is hard to provide daily charts to reflect upon.

I have also completed probably the most documented report on the precious metals ever written tracing the ratio and how these metals have responded in times of financial stress.

This report traces the ratio from 8:1 to 120:1 and why it has moved. Yet most of all, what has been completely overlooked is the fact that people do not understand that the ratio was manipulated as part of Quantitative Easing even under the gold standard. Sorry central bankers, it failed to work then and nearly bankrupted the economy.

I have also put together a report on the Hoarding of Dollars and the implications for the world Foreign exchange markets. Here you will have a guide to the currencies and how they will impact the future as we head into the Monetary Crisis Cycle in the years ahead.

Virtually 70% of the physical paper US currency is now circulating outside the United States. On top of that, there are now outstanding more $100 billions than $1.

As the world has turned toward trying to outlaw cash transactions to eliminating cash altogether outside the United States, the trend has shifted toward hoarding dollars that is just not considered in the analysis these days of the future prospects in currency. This report provides the forecasts fo all the strategy currencies going forward.

Also included will be the report we handed out at the Rome WEC early this year. We have not made this report available for sale. Here you will learn a shocking reality behind the curtain of the Euro.

The Fate of Europe is a very important report for you need to understand the backdrop to what we face going forward. Like the Great Depression, the crisis will begin in Europe and spread like a contagion.

Nigel Farage delivered the keynote speech at the Rome WEC. He called the World Economic Conferences we have been holding since 1985 – the “Alternative to Davos.”

In addition, attendees will be provided with the special report for Year-End on the World Share Markets – the Good, the Bad, & the Ugly. With the majority of economists now talking up a bear market and a recession in an effort to desperately overthrow Trump in the 2020 election, it is no wonder that the share market outlook is anything but clear.

The world share markets are by no means all in the same position. Their fates will also depend upon their underlying currency. Will Shanghai recover or continue to decline? Has the German DAX lost its gilt edge among European share markets? What about London in the face of BREXIT? Will the Southeast Asia markets be impacted by China trends?

Then attendees will also receiver the Monetary Crisis Report. Here we have provided the details on this cycle and how it has performed in the past with its implications for 2021/2022.

Granted, the price of the ticket virtually covers the cost of all these reports if purchased separately. In addition, we will be providing video updates as we head into this crisis so you are kept up to date as things unfold.

So welcome to this year’s 2019 World Economic Conference. We have reduced the number of seats this year because we had a large conference in Rome with over 300 attendees. These events have gotten too big so we are trying to reduce the size of Orlando and hopefully provide a more intimate setting as takes place with the overseas WEC events.

 

 

 

Categories: World Economic Conference

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By Centinel2012 • Posted in Economic Subjects • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, 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, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Aug 23 2019

Australia Wants Two-Year Prison Sentences for Paying More Than $10,000 in Cash


Armstrong Economics Blog/Australia & Oceania

Re-Posted Aug 23, 2019 by Martin Armstrong

In Australia, they want to make it a criminal act with a penalty of 2 years in prison for purchasing anything with more than $10,000 in cash. Australia is really going off the deep end. They are desperately trying to eliminate all cash and are forcing people to have only bank accounts so they can tax them as they like. This ensures that when there are bank failures, they can just confiscate the people’s money to save the bankers. Australia began as a penal colony, and they seem to retain that idea that the people are really criminals in their minds and are not entitled to their own assets. This also explains why non-Americans are starting to hoard US currency around the world.

We should just accept it. Everything is our fault because we elect these people who then see us as evil. This is not going to end very nicely. What happens when it comes crashing down? Do the police start shooting citizens as has been the case in Venezuela?

Whatever happened to liberty, freedom, and morality? I do not know. I was in the airport going through security and the guy in front probably had not flown in decades. He was appalled at having to take his shoes off, and then his belt. He had $15,000 in cash and they demanded to see his ticket for if it was overseas, they would have confiscated the whole thing. He was going on a domestic flight. He asked, what else? Should he just strip naked? They finally said just go. In Australia, it would be a small tiny step to arrest you for just having more than $10,000 in cash.

There were two girls between me and that gentleman. They were the probably early 20s. Their comments were telling. They said: This guy is stupid. You always have to take your shoes off. What’s he doing with all that money? So, here was one chap who hadn’t flown since 2001 and then two 20-somethings who had no idea that there was once upon a time when you did not have to go through all of this. They now see virtual strip searches as normal. Oh, how things change.

Categories: Australia & Oceania, The Hunt for Taxes

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By Centinel2012 • Posted in World Economic Form • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, 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, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Aug 22 2019

There are more $100 Bills in Circulation than $1 Bills


Armstrong Economics Blog/USD $

Re-Posted Aug 22, 2019 by Martin Armstrong

There are now officially more $100 bills in circulation than $1 bills. The interesting aspect is that when we dig deeper, what is revealed is the fact that the bulk of them are being hoarded outside the United States. This is very interesting for we see the same basic trend emerging from the dollar v other currencies. There is a shift to the dollar as the US economy continues to hold up the entire world.

Once again, even going back to 1995, estimates placed about $200 billion to $250 billion of U.S. currency was circulating abroad. That was more than 50% given the physical money supply even back then was about $375 billion in circulation outside of banks. More recently, the amount of US currency in circulation outside the United States has now exceeded 70%. The world is hoarding dollars for they fear the cancellation of their own currencies as talk of eliminating cash in Europe has escalated with the prospect of Christine Lagarde replacing Draghi.

As Americans have moved increasingly toward debit and credit cards, the rest of the world has been sucking-up US dollars beyond belief. Anyone who questions whether the US dollar is the reserve currency, well the cash is not being held by governments or central banks. The people are now hoarding US dollars at record levels. Having some cash might not be such a bad thing.

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By Centinel2012 • Posted in Civil Society, Economic Subjects, U. S. DC Uni-party • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, 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, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Aug 22 2019

Medical Industry #1 Contributors to Bribing Congress


Armstrong Economics Blog/Opinion

Re-Posted Aug 22, 2019 by Martin Armstrong

COMMENT: “Kamala Harris – Medicare for All”
Doctors’ incomes are such a small part of the issue. You might have mentioned the obscene theft that prevails for pharmaceuticals and medical devices, the bloated salaries of hospital administrators, facility fees attached to medical service bills. The disappearance of competition in the field due to rank and illegal monopolism. I could go on. And on. But I do think you know this stuff already.

FP

REPLY: Yes you are correct. Both hospitals and education have become corrupted because they are monopolies to a large extent funded by the government. Private practitioners are being driven out of business by hospital groups which are effectively like monopolies. They have become money-making operations. It is by no means about caring for the patients. It is how much can they make off of people these days.

Without serious reform and investigation into this trend, there is no hope of coming up with any plan that will help the people. As soon as the government promises to pay, there goes all credibility.

This is why I say the hospital groups must become more like public utilities. Until that happens, healthcare will only get more expensive until their greed prices these hospital groups out of existence.

People do not realize but Pharmaceuticals/Health Products are the #1 contributor as an industry to bribing Congress. They have given almost $4 billion to them to get this monopoly status. They sell drugs cheaper in other countries they lobby Congress to prevent Americans from buying the same drugs in Canada. This proves that our pretend “representatives” never represent the people first.

Yes, they even beat the bankers!!!!!!!

Categories: Opinion

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By Centinel2012 • Posted in Uncategorized • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, 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, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
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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.

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