Obama started the Arab Spring with his Cairo “Apology” speech delivered on June 4, 2009 just over 4 months into his presidency.
Tag Archives: Political Corruption
US B-52 bombed Idlib, Syria, killing over 20 civilians
Russia was the only one actually fighting ISIS
Judge Dismisses Cheri Jacobus “Dummy” Lawsuit Against Trump…
NEW YORK (AP) — Donald Trump can keep his Twitter insults flying. In a decision made public Tuesday, a New York judge dismissed a lawsuit filed last year against the Republican president-elec…
Source: Judge Dismisses Cheri Jacobus “Dummy” Lawsuit Against Trump…
CNN Media Heads and Political DC Operatives Construct More Russian Madness (w/ important video reminder)…
Anatomy of a Modern Media Political Smear If they didn’t continually use the same playbook (reference Trump’s pre-election manufactured sex assault accusers), these insufferable politic…
The Death of Nations: Globalism, Immigration and Migrant Crisis
On Russian Hacking, The Only Narrative That Matters Is Truth
The truth doesn’t matter today we live the the world of propaganda that Joseph Goebbels mastered and which he and Hitler used to control the masses during WW II. The progressives learned from Goebbels that if you promoted a narrative long and hard enough it would be believed even if it was not true. The Hacking lie is a prime example today of the use of propaganda in the world of instant communications available with the web and smart phones.
Confirmation Hearings Begin Today – Senator Jeff Sessions 9:30am – General John Kelly 3:30pm…
The confirmation hearings for President Trump’s cabinet posts begins today with the Senate Judiciary Committee hearing on behalf of the nomination of Senator Jeff Sessions for Attorney Genera…
Source: Confirmation Hearings Begin Today – Senator Jeff Sessions 9:30am – General John Kelly 3:30pm…
Trump – Taxes – World Capital Flows
Armstrong Economics Blog/The Hunt for Taxes
Re-Posted Jan 10, 2017 by Martin Armstrong
QUESTION: I wonder if you might clear something up regarding the fabled corporate cash hoard parked overseas? Must this be held in non-USD form thus taking an FX risk,albeit presumably hedged? I gather any USD parked in a foreign bank is immediately transferred to a US bank, likely in NYC — would this be regarded as repatriation?
I have not seen this matter addressed in the media.Why not I do not know.
Much thanks,
Bill
ANSWER: Most of our multinational corporate clients have converted to USD because of FX risk. Either way, whether they keep it in dollars or a foreign currency and hedge the risk, it would be repatriation bringing it home. Despite the rantings of Democrats and their bet on the leash, Larry Summers, any company with a lot of cash overseas would be INSANE not to bring it home and pay 10% one time.
I can tell you that every worthwhile accountant had advised his clients to hold off on doing anything until after the 1st of January. Capital gains will drop to 50% of the top tax rate that is proposed to be 33%, which would make the capital gains under 20%.
Anyone who has capital gains in something they have not sold because of taxes is also likely to sell and reinvest once Trump takes office and implements tax reform.
It also did not make any sense for us to launch new systems in 2016. In our case, we are forced to go public because of FATCA. American citizens cannot open accounts overseas, so the only way to full service our clients worldwide is to go public in Hong Kong due to FATCA. If Trump realizes that FATCA is causing serious problems internationally and repeals that, then we could go public in the USA. So this whole tax issue is absolutely vital and the world economy is trying to balance on the head of a pin right now. The Democrats always propose higher taxes and support Marxist policies, yet never admit that is their model any more than they admit the founder of the Democratic Party, Andrew Jackson, supported slavery.
Tucker Carlson Interviews Glenn Beck…
Sketchy fellow Glenn Beck appeared, quite swollen, on the premier of Tucker Carlson’s new 9:00pm Fox TV show, and for the first time faces direct questioning about some of the previously exhi…
Source: Tucker Carlson Interviews Glenn Beck…
Germany’s Misreading of Economic History is the Doom of the EU
Armstrong Economics Blog/European Union
Re-Posted Jan 10, 2017 by Martin Armstrong
Angela Merkel and her party remain clueless about the economic history of Germany which has been made apparent through her insistence upon austerity that tearing the EU apart at the seams. This is like blaming Trump for Hillary’s loss. Merkel’s belief that the quantity of money is the cause of inflation has been proven dead wrong after the central bank’s quantitative easing since 2008 has had no impact on inflation for the past 8 years. At what point does one admit error? Never?
German Vice Chancellor Sigmar Gabriel told Der Spiegel magazine that the breakup of the EU is no longer unthinkable because of Merkel’s desperate clinging to austerity. He asked Merkel ,”[W]hat would be more costly for Germany: for France to be allowed to have half a percentage point more deficit, or for Marine Le Pen to become president?” He is still waiting for Merkel to answer that question.
Her economic policies of austerity have sent Europe into an economic depression, and opening arms to refugees has sent Europe into a terrorist crisis. One has to ask, just how long can Europe endure this person who is dictating policy to the rest of Europe?
Centinel2012 