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Aug 17 2018

Their True Color is GREEN


Bill Whittle

Published on Jul 21, 2018

“Donald Trump’s tax cuts are soaking the rich and something must be done!” –the DEMOCRATS

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By Centinel2012 • Posted in U. S. DC Uni-party • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Aug 17 2018

The Turkey Crisis Cannot Be Resolved without Regime Change


Armstrong Economics Blog/Turkey

Re-Posted Aug 17, 2018 by Martin Armstrong

The key to understanding Turkey is really simple – Erdogan has lost the confidence of his people and the world. The free-fall in the Turkish lira should be no surprise. After years of rampant dollar borrowing, running large current account deficits in the face of both a lack of domestic military hardware production along with the lack of domestic oil production, throw in an autocratic-dictator with aspiration of empire building who then appoint a family member to bring down interest rates that he thinks is the source of inflation, and presto you get an economic cauldron that is impossible to survive.

Erdogan may be a dictator who rigs the elections, but that does NOT mean he can dictate that interest rates should be lower. Interest rates are not the SOURCE of inflation, they are the PRICE of inflation. He thinks that he can order interest rates lower and that will stop his economic crisis. Qatar should just kiss its $15 billion good-bye for there is NO HOPE of saving Turkey without a replacement of Erdogan. He will blame absolutely everyone BUT himself. His attempt to hunt down and prosecute anyone who speaks against him as treason is just a normal reaction of a dictator who has lost his mind. What comes next? Purges as with Stalin?

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By Centinel2012 • Posted in Uncategorized • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Aug 15 2018

What About Australia?


Armstrong Economics Blog/Australia & Oceania

Posted Aug 15, 2018 by Martin Armstrong

QUESTION: It is clear our government seems to be going crazy. I know you use to live here in Sydney. We met many times when you did conferences here. I also know you once said you would like to retire in Australia. Has that changed?

Paul

ANSWER: Well, my dreams of retirement have not been working out. It seems the world is conspiring against me to go quietly into retirement. Yes, I love Australia. I have traveled all over and even went to Kakadu for two weeks and lived off the land fishing for Barramundi. I still keep a painting I love of the gum trees by a local artist. Here is me in the desert in Palm Valley. As always, there is a difference between the government and the people. There are socialists who support the government and others who are upside about stalking their children, creating their  Black Economy Taskforce,  to imposing the burden to collect Australian taxes upon companies mailing things to Australia. These are simply not NORMAL in a free society. No country can order others to collect their taxes and if someone is following your children, they are in plain clothes and readers have expressed concerns about how do you distinguish a pervert from a government agent?

No matter what country we look at, governments are going broke. Consequently, they are all beginning to turn against their people in the hunt for money. Some governments have just completely crossed the line between authoritarian and a free society. This is the confrontation we will face in the years ahead.

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By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Aug 15 2018

Bundesbank Demands Explanation for Requests for Cash


Armstrong Economics Blog/Central Banks

Re-Posted Aug 15, 2018 by Martin Armstrong

The German central bank, the Bundesbank, has significantly expanded its ability to control and access cash transactions in the hunt for taxes. They have required statements and assurances from cash-demanding commercial banks for the purpose of the intended business requiring cash. The Bundesbank has declined to comment on the new policy. The Federal Association of German Banks has also refused to explain. What is clear is that we are witnessing a growing trend to reduce cash and like Australia, just adopt the position that cash is for criminals.

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By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Aug 12 2018

Turkey Approaching the Point of No Return as Erdogan Blames the Currency Decline on USA


Armstrong Economics Blog/Turkey

Re-Posted Aug 12, 2018 by Martin Armstrong

Turkey has little hope of coming out of this in one piece. The pretend President-Dictator, Tayyip Erdogan, has come out and denied on Saturday that Turkey is in a currency crisis. Exactly how he can even say that is shocking. Nevertheless, he called a 25% drop in the currency a plunge that is just ‘fluctuations’ that have nothing to do with economic fundamentals. He blamed the United States calling the collapse in the currency ‘missiles’ of an economic war waged against Turkey. Trump in raising the tariffs against Turkey is understandable since the currency declined and that would make their exports cheaper. However, he is stepping in the wrong direction here for the collapse in the currency reflects the collapse in the CONFIDENCE with regard to Erdogan.

We are looking at the usual response of a dictator in trouble. Blame someone else and that is ALWAYS external. What comes next is a break with the West and an alignment with the East. He is NOT about to surrender power NOR will he accept blame for the economic conditions in Turkey. His power is all that matters and the people are always wrong in his mind.

 

This past week was a Panic Cycle and this should start to subside a little but this is hardly over. Turkey is in serious economic trouble and Erdogan will blame the United States and Europe – never himself. I have warned before that NATO should have pulled all missiles out of Turkey. That is rapidly approaching the point of no return.

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By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turkey in currency crisis, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
1
Aug 10 2018

Turkey & The Only Solution is to Overthrow Erdogan


Armstrong Economics Blog/Turkey

RE-Posted Aug 10, 2018 by Martin Armstrong

The Turkish President Recep Tayyip Erdogan’s economic policy is a disaster. This is reflected by his plea for Turkish citizens to search under their mattress for foreign banknotes and gold to convert into domestic currency. It has been his economic policies and dictatorship that is driving Turkey into an economic collapse. Of course, the only way to support the lira at this stage requires a change in government. That is unlikely on any voluntary basis. Meanwhile, President Donald Trump responded to the collapse in the Turkish lira by announcing a doubling of tariffs on steel and aluminum. His logic is that the collapse in the lira would allow them to sell steel and aluminum at cheaper prices. But the logic fails as Turkey in moving into hyperinflation and the economy is just collapsing.

Turkey began its meltdown on target in May. The next turning point was August. The Quarterly level shows a Directional Change in the 2nd Quarter of 2018 and that is when the meltdown began. We will update on the Private blog this weekend on the impact of other markets as the Euro has also collapsed by the 115 level. At this stage, there is no hope of restoring confidence in Turkey as long as Erdogan remains in power

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By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Aug 10 2018

Australian Government Has Simply Lost Its Mind & Violates International Law


Armstrong Economics Blog/Australia & Oceania

Re-Posted Aug 10, 2018 by Martin Armstrong

People who think that Trump alone embarked on protectionism, really need to look around the World. Australians have been blocked by Amazon from buying anything from their US site because the government has imposed effectively a tariff of 10% on anything an Australian may purchase under $1,000 from the internet overseas. The Australian government is violating international law demanding that anyone selling anything on the internet must collect a 10% tax from an Australian and pay it to the Australian government.

The Australian government has shifted a tax-collecting burden to the entire world. Amazon has now blocked Australians from buying from their sites outside of Australia. They correctly criticized Australia stating that delivery companies such as Australia Post should be made to collect the tax, not the stores. The Australian government is pretending this is to “protect” Australian companies. However, this applies to absolutely everything sent to Australia even if there is NO LOCAL competition. That is a greedy tariff. Simply said, Australia is really becoming the most anti-capitalist country in the West. The Australian dollar has been declining since 2011 and this hunt for taxes continues to expand with the most anti-free market laws in Western civilization. It is only a question of time before the USA turns and looks at the crazy laws coming from Australia and begins to retaliate.

The is absolutely no foundation in International Law that allows a country to impose obligations upon business in other countries and force them to collect taxes. The proper point to collect taxes is when goods are delivered to Australia – not that an Australian buys something overseas requires everyone in the world to collect Australian taxes for them. This is really just insane.

 

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By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Aug 8 2018

The Healthcare Crisis Behind the Curtain – Are We Importing New Plagues?


Armstrong Economics Blog/Corruption

RE-Posted Aug 8, 2018 by Martin Armstrong

 

Charles Dickens wrote about how corrupt the courts were out of control in Bleak House published back in 1859. He began in his first chapter on Chancery:

“This is the Court of Chancery, which has its decaying houses and its blighted lands in every shire, which has its worn-out lunatic in every madhouse and its dead in every churchyard, which has its ruined suitor with his slipshod heels and threadbare dress borrowing and begging through the round of every man’s acquaintance, which gives to monied might the means abundantly of wearying out the right, which so exhausts finances, patience, courage, hope, so overthrows the brain and breaks the heart, that there is not an honourable man among its practitioners who would not give—who does not often give—the warning, ‘Suffer any wrong that can be done you rather than come here!’”

The rule of law is so dangerous when it lies in the hands of government for inevitably it has historically ALWAYS been abused for political purposes with perhaps one of the most famous cases being that of the trial of Socrates for effectively knowing too much. I paid my respect at the cell where Socrates died in Athens. Torture was legal in England as in the American Colonies. If a charged person refused to plead to the crime the government demanded, he was subjected to peine forte et dure, which meant that he would be subjected to having heavier and heavier stones placed upon his or her chest until a plea was entered, or he/she died.

Many defendants who were charged with a felony, which was a capital offense, refused to plead in order to avoid forfeiture of property for their family. If the defendant pleaded either guilty or not guilty and was executed, their heirs would inherit nothing and the state took all assets. If they refused to plead guilty or not guilty, then their heirs would inherit their estate, even if they died in the process. This is how the law was enforced and to this day, they threaten you with life imprisonment if you refuse to plead. Before 1406, if they refused to plead, the government simply just starved you to death. It was always about the money (see The Roots of Evil, p35, Christopher Hibbert, first edition 1963). To increase the opportunity for the state to charge crimes, it became an offense to use profane swearing as well as to gamble with cards.

Winston Churchill knew the dangers of enforcing the claimed rule of law. He said in 1910: “The mood and temper of the public with regard to the treatment of crime and criminals is one of the most unfailing tests of the civilisation os any country.” It was during the early 15th century when the paying of a fine was allowed to be the substitute for imprisonment. Today, the United States fines and imprisons everyone for any type of crime. There was even the payment for “easement of irons” whereby you paid the jailor to avoid being chained to the floor on your back with spiked collars around your neck and heavy iron bars placed over your legs. If you paid, then these tortures were avoided. It wasn’t until 1729 when a Parliamentary Committee was moved to finally investigate and the report found that 350 prisoners died of starvation in just three months. Major Bernardi was a English political prisoner who died at the age of 82 while waiting to go to trial for 40 years. Lord George Gordon, another political prisoner, died of “gaol fever” (jail fever) which was a plague that began in prison from the unclean conditions in the autumn of 1793.

It took some time to realize that plagues were beginning in prisons. These “gaol fever” epidemics would spread to the city populations.  Prisoners had to be brought to the court pending trial for years. Some 500 people died in Oxford during the Black Assize of 1577. Another plague kill about 500 people in Exeter in 1586 which also began in the jail. Many hundreds died during the Lent Assizes in Tauton in 1730 and again in 1750 even the Lord Mayor of London and two Judges died of plague coming from the prison (see The Roots of Evil, p135). If it were NOT for these plagues coming from prisons because of the refusal to take care of people, there would never have been healthcare introduced.  Guards go home at night and whatever plague began in prison they quickly took to the population.

This is part of the backdrop behind the US Constitution where the 8th Amendment forbids cruel and unusual punishment. The federal courts have held for years that inmates cannot be denied medical care just because they are incarcerated. This is NOT something that is “liberal” for it historically impacts society. Many immediately cannot see why a prisoner should get healthcare. What they fail to understand is the United States thrives on imprisoning people for “conspiracy” meaning they never had to even attempt to do the alleged crime. The real criminal testifies against others so they go to prison and they get credit for bringing in other people. The conviction rate before the conspiracy law changed was about 72%. Today, it is almost 99%. To everyone’s shock, the number of prisoners in jail for violence is only 3.3%. The vast majority are there for drug offenses, which include marijuana that accounts for 46.1% of prisoners. I have written about this before for it is the real face of evil.

The cost of imprisoning people for decades for non-violent crimes is tremendous. The prison population is growing old as well and the demands for taking care of people continue to grow. Yet prisons hardly provide adequate care to this day. A parasite had entered my left eye and I was denied medical care. I petitioned two judges, Renee Marie Bumb and John F. Keenan. Both judges REFUSED to take me to a real doctor. I had to wait until I was released and saw Dr. Michael J Barnish, a specialist in infectious diseases. What I had was a parasite from South America. A simple blood test confirmed what I complained about and was treated to kill the organism which left the vision in my left eye less than that of my right. This is the problem. The government wants to imprison everyone and they do not look at the diseases they may be imported into the country because they want to prosecute people from other countries. I am a living example. For when I petitioned both judges, I was denied medical care because such parasites do not exist in North America. They do when you bring in people from South America.

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By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
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Aug 8 2018

Australia Adopts Presumption of Guilt Denying Any Presumption of Innocence Rejecting All Principles of a Free Society


Armstrong Economics Blog/Australia & Oceania

Re-Posted Aug 8, 2018 by Martin Armstrong

 

Australia is really rejecting all the basic tenets of civilization and is moving ever closer and closer to simply an authoritarian government. Australia is rejecting the foundation of a FREE SOCIETY by rejecting the presumption of innocence and assuming you are just guilty while shifting the burden to you to prove you are innocent. Australia has rejected the fundamental principle of a FREE SOCIETY and is now crossing into the zone of an authoritarian regime that is unfit for consideration of capital investment. This is a BLUNT statement, but it is one that indeed is shocking to have to even write.

Australia is making it that anyone convicted of any crime whatsoever that they can call a “criminal” will have the burden to explain how they got all the money in their life. In reality, Australia has restored the very greed of the state that led to the abuse of the rule of law that even led to the both the English Civil War and the American Revolution. The English system was stark. If you were charged with a felony, of which there were over 200 such crimes that did not need to be violent, then you were sentenced to death and the king confiscated all your property. Your family was thrown out of the street. This is where torture entered the legal system. If you confessed, then you were granted a swift death and the King took all your property. Even entering a plea of not guilty would result in the confiscation of all your property. People would stand there and refuse to enter a plea. The king would then torture you. Many people endured the torture to save their families.

This is the policy now adopted by Australia. Under a national scheme, the government gets to confiscate ALL your assets if you are convicted of a crime. Of course, this now creates the incentive to deny people the right to any fair trial and the average conviction rate of 90% will now surely rise to match that of the United States which stands at around 99%. Unfortunately, a Senate committee unanimously recommended the “unexplained wealth” legislation be passed despite concerns being raised by the Law Council and Civil Liberties Australia.

It is shocking that Australia would even contemplate such legislation that would force people convicted of crimes to prove that their wealth was derived from legitimate sources. The way this will be enforced is clear. You can be convicted of drunk driving and then have to prove all your assets are derived from legitimate sources. There will be NO requirement to establish any nexus between the crime being charges and the possession of assets.

Banks will be forced to hand over any information they have on the unexplained wealth of a convicted person in Australia. The Police Federation has been lobbying for this type of legislation so they can fill their coffers and pay their pensions

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By Centinel2012 • Posted in Economic Subjects • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
0
Jul 31 2018

Canada Global Warming Tax up to $1,000 per Household?


Armstrong Economics Blog/The Hunt for Taxes

Re-Posted Jul 31, 2018 by Martin Armstrong

 

I have been warning that Global Warming is profitable for governments. They paid these academics $1 billion to come up with dire forecasts that ignore nature, cycles, and history, all to justify taxing people that will never actually impact anything nor balance their budgets. Canadian households in Alberta, Saskatchewan and Nova Scotia will be hit with more than $1,000 of carbon tax per year, while those in British Columbia, Quebec and Manitoba will pay around $650. In Canada, where it is often very cold, up to 10% of someone’s income is already going to cover energy costs. Politicians have discovered a new source of revenue and they are NOT about to listen to any evidence to the contrary. At the bug environmental conference in Paris, they outright DENIED any right of any speaker to put on a contrary view. This is all despite the fact that over 30,000 people have signed a petition against Global Warming, which has been ignored as usual. Any opposition is simply ignored or silenced. Why not, there is too much money on the table for governments to just ignore. Guess it will definitely now be cheaper to retire to the Caribbean. You won’t have to pay $1,000 a year to heat your home.

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By Centinel2012 • Posted in Climate Change • Tagged Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Big Government, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Credit, CRS, currency manipulation, Curse of Cash, David Pristash, Debt, debt bubbles, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FED, financial ponzi schemes, 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, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Marxism, Monetary collapse, Money laundering, money smuggling, negative interest, new world order, No more Stop-loss, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, police asset forfeiture, policing for profit, Pre-Pay VAT, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Student Loans, sustainability, Tax on employees, Tax the internet, The Forecaster, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth Orders, Universal income, usury laws, UWO, VAT, Velocity of Money, Wealth tax
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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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