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Jun 6 2018

German Court Rules Govt Can Intercept Communications Without Just Cause


Armstrong Economics Blog/Germany

Re-Posted Jun 6, 2018 by Martin Armstrong

Federal Administrative Court in Leipzig ruled last week that the Federal Intelligence Service (BND) may continue to access data at the world’s largest Internet node in Frankfurt am Main without just cause. In the ruling, the court dismissed an action brought against this practice by the operating company and the government demanded they turn over all communications. The court ruled that the Federal Ministry of the Interior can compel any company to take part in measures of “strategic” surveillance. Since any such measure is always classified as secret, they need not explain anything to anyone.

Governments around the globe have used terrorism as the new excuse to listen to what anyone does. There have been countless prosecutions and investigations for avoiding taxes arising from such powers far more than terrorism. The prosecution ration in over 1000:1 between taxes v terrorism. It seems as though governments want more terrorism so they can increase their powers to hunt for taxes

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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, 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
Jun 5 2018

The Pension Crisis Will Break Up the EU


Armstrong Economics Blog/European Union

Re-Posted Jun 5, 2018 by Martin Armstrong

The German public broadcast agency ARD is proposing structural changes. Due to the low-interest rates, the ECB has placed the agency in hard times with its pensions. Karola Wille, the director, has called for structural reform to reduce costs. The proposal centers on technological change to increase efficiency in the performance of its mandate. They are also looking at developing cross-media applications to modernize the agency.  The ARD is non-profit so the German government has to fund it. As the low-interest rates have undermined pensions throughout Europe, the governments will have to step up and bail them out. This is going to put tremendous pressure on the entire EU budget and austerity policy embedded within the single currency.

We are looking at the same story being painted throughout Europe. The low-interest rate policy for nearly 10 years has not merely destroyed the bond market in Europe, it has undermined the pension system both privately and publicly. Indeed, adding to this crisis is the mandate that all pension funds hold some or the majority of their investments into government debt. The combination of these policies clashes with the ECB and the nightmare on the horizon and why Draghi can’t leave fast enough to avoid personal blame.

This crisis all stems from the structural design of the EU. They tried to be half pregnant with only a single currency and dictatorial control over member state budgets. The refusal to consolidate the debt emphasized the problem of the great disparities in cultures and the prevailing prejudices that exist through Europe between member states as well as within member states such as Bavaria v northern Germany or Spain v Catalonia, Scotland v Britain, Italy v Sicily, etc.. This prevailing prejudice is also why the bail-in policy was adopted. If Italian banks failed, then a centralized source of funds would amount to transfer payments between one member state to another. This was the very reason the EU rejected debt consolidation, to begin with. True, Greece was offered “loans” but its feet were held to the fire to pay it back. That was again rejecting any idea of a single Europe implied by transfer payments v loans.

Furthermore, as this pension crisis matures, we will have the same problem of transfer payments. This is how and why the EU will break apart because there is no actual resolution to consolidate the debts. The talk of Eurobonds is merely a  way for the EU to borrow, but it will still not result in debt consolidation. What they are proposing is the same structure as the mortgage-backed CDO crisis of 2007. Bundling member state debt into a single Eurobond but each member still is responsible for its own debt. The structural failure of the EU has been all about how they could have their cake and eat it too. This is also why none of the leaders in Brussels ever stand for election. They are embedded in a deliberate denial of any democratic process.

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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, 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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Jun 3 2018

West Coast & the Insane Socialistic Hunt for Taxes


Armstrong Economics Blog/Economics

Re-Posted Jun 3, 2018 by Martin Armstrong

I have been warning that we are in a battle to the death against the socialists. The West Coast is becoming the place to leave as fast as you possibly can for any business. There are already companies starting to migrate from Silicon Valley to Texas. The migration has become. More and more Tech firms are setting up shop in Austin Texas. We are starting to see Tampa also perk-up. The advantages of both places have been that they “fit” the non-establishment atmosphere.

The socialists in the West are just going nuts. You have Seattle taxing $275 per employee to shelter “homeless” of which many are aliens. We have Portland all upset over the “inequality” of income so they want to bring the “rich” down to the same level of the “poor” to make it fair rather than raise the poor. Strange how they always get that one backward. Lawmakers in Portland, Oregon have decided to attack the rich by imposing a business-tax on firms with extreme CEO-to-worker pay ratios:

  • 10% Tax on firms with a CEO-to-Worker ratio over 100-to-1; and a
  • 25% Tax on firms with a CEO-to-Worker ratio over 250-to-1.

So in other words, if a company is in trouble and brings in someone to straighten out the firm and he is paid 250x that of an average worker, then they want to tax the firm 25%. The West Coast is just going nuts. As the funding for all their socialistic dreams leaves huge deficits, they are turning to “justify” raising taxes pretending they are fighting a new moral cause.

When I was restructuring companies and helping those who wanted to establish a base inside the EU for the coming Euro, those firms who needed skilled labor in manufacturing I placed in Britain. If they needed the best tax deal and were not concerned about a manufacturing base, I placed them in Ireland. That is how I came to know Prime Minister Margaret Thatcher. She wanted to meet the guy who was sending all these companies into Britain.

There was no a single company I placed in France because the unions were crazy. On a strike, the actually kidnapped the CEO and his family until they got their demands. The German taxation was nuts. The taxes a company had to “contribute” to Employees benefits was 40% more than Britain.

So you see, I was paid to do the best deal for my clients. That was my job. Today, I would NOT place any company in California, Oregon, or Washington. My recommendation is to get out before they impose an EXIT TAX like New Jersey

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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, 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
1
Jun 1 2018

Policing for Profit Goes to Federal Court


Armstrong Economics Blog/Corruption

Re-Posted Jun 1, 2018 by Martin Armstrong

 

Lawyers have brought a lawsuit against towns in Georgia for using tickets as the major revenue source to fund their pensions and budgets. The City of Doraville, Georgia is facing a federal lawsuit that alleges the city is illegally making millions of dollars preying on residents and visitors in a deliberate scheme to write tickets and collect fines. The tickets are not to enforce any valid law for public safety, but simply to raise money. Most towns have come to rely on extorting fines from people and the scheme typically involves writing tickets that will make your insurance go up with driver’s points. The deal is usually you pay more for a ticket that will not involve points. This is just another layer of major corruption in government.

Doraville has gone beyond traffic tickets. They are fining people for everything and anything they possibly can. They fined a woman and threatened her with jail if she did not pay the fine to redo her driveway. She has brought the suit to end policing for profit.

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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, 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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