Turkey looking to Cut Taxes to Fight Inflation?


Since the beginning of the year, the Turkish currency has lost more than a third of its value against the dollar. As the currency declines, imports rise in cost since they are denominated in foreign currency.  This adds to the inflation problem domestically. Among other things, the sharp criticism of Erdoğan in the markets has cast doubt on the independence of the central bank. In September, it raised its key interest rate from 17.75 to 24 percent in the fight against inflation without success. This too adds to inflation.

There are people starting to look at tax cuts in selected areas to compensate for the crisis in hyperinflation. It is an interesting proposal but Erdoğan is worried about a real coup this time.

Real Estate – Taxes – Currency


COMMENT: Dear Martin,

I bought ‘The World Real Estate Report’ at the end of 2016. It stated that Australian real estate was going to fall after the first quarter (March) in 2016. The property prices in Melbourne (where I live) continued to rise in April 2016 so I sent an email to Socrates Support asking them when real estate should peak. I received the reply below, which stated that the peak was either in for global real estate or the latest by the end of the first quarter 2017.

Anyway, since I owned a tiny house in Melbourne, I was facing a difficult decision if I should sell or not since it would be impossible to buy back in if the prices continued to go up.

I have been reading your blog daily since 2012, and I have read all of your forecasts being correct (eg. the Dow continuing to go up, US Index going up, Brexit, Trump winning). I also bought your Gold report in 2014 and watched gold bottom (Dec 2015) correctly for the date and price on the first benchmark, truly an unbelievable forecast.

Based on your track record I decided to sell my property at the end of the first quarter (March 2017), for which I received a fantastic price.

I’m happy to inform you that prices have been falling since the 3rd quarter of 2017.

I just wanted to congratulate you on another correct forecast.

REPLY: We all need a place to live. Governments are attacking real estate thinking it is too high and they need to make it more affordable for others to buy. They fail to understand that when they do that, the wipe out the savings dor retirement for others. Raising taxes to support government pensions is morally wrong and economically a disaster. There really should be some qualification to be a politician who them plays with people’s lives

Horrific – California ‘Camp Fire’ Death Toll Climbs to 56 – Hundreds of People Remain Missing…


Terrible news from the region just north of Sacramento California where the devastating ‘Camp Fire’ impacted the town of Paradise.  Late Wednesday evening search and recovery workers located another eight sets of human remains bringing the total death toll from this single fire event to 56.   The death toll is anticipated to climb…

Interior Secretary Ryan Zinke and FEMA Director Brock Long visited the devastated area today to thank firefighters and rescue workers.  The search for bodies is gruesome as some human remains are found inside burned structures and others outside.

CALIFORNIA – 9 p.m. ET: As of Wednesday night, eight more human remains have been found, bringing the death toll to 56. Six of them were found inside structures and two were found outside. Statewide, the death toll is 59 (including three from the Woolsey Fire).

There have been more than 10,000 structures destroyed by the Camp Fire, including homes. The total amount of evacuated residents remains at 52,000 people.

The Camp Fire containment remains at 35 percent. Some 138,000 acres have been scorched.

Authorities searching through the blackened aftermath of California’s deadliest wildfire Wednesday released the names of some 130 people who are unaccounted, including many in their 80s and 90s, and dozens more could still be unaccounted for.

As the names of the missing were made public, additional crews joined the search. “We want to be able to cover as much ground as quickly as we possibly can,” Butte County Sheriff Kory Honea said. “This is a very difficult task.”

A sheriff’s department spokeswoman, Megan McMann, acknowledged that the list of the missing was incomplete. She said detectives were concerned about being overwhelmed with calls from relatives if the entire list were released.  (read more)

CBS News

Secretary Ryan Zinke

Secretary Ryan Zinke

Secretary Ryan Zinke

Secretary Ryan Zinke

Secretary Ryan Zinke

Secretary Ryan Zinke

 

Democrat Presidential Candidate Michael Avenatti Arrested for Felony Domestic Violence…


According to the progressive-left Michael Avenatti is a strong presidential candidate in their 2020 objectives.

Unfortunately, those hopes and aspirations may have encountered a set-back today as the Creepy Porn Lawyer, Avenatti, is arrested for felony domestic violence.

TMZ is reporting that CPL is in police custody after beating his estranged wife.

CALIFORNIA – […] Our law enforcement sources say Avenatti was arrested Wednesday after his estranged wife filed a felony DV report. We’re told her face was “swollen and bruised.”

Our sources say the alleged incident occurred Tuesday, but there was a confrontation Wednesday between the two at an exclusive apartment building in the Century City area of L.A.

We’re told during Wednesday’s confrontation the woman ran out of the apartment building and was on the sidewalk on her cellphone with sunglasses covering her eyes, screaming on the phone, “I can’t believe you did this to me.”

We’re told security brought her inside the building and Michael showed up 5 minutes later, ran into the building, chasing after her. He screamed repeatedly, “She hit me first.” We’re told he angrily added, “This is bulls***, this is f***ing bulls***.” (read more)

Want to MAGA? Best to Be a Stan Lee


Published on Nov 14, 2018

Marvel Comic legend Stan Lee died at 95 this week. Bill Whittle Now draws lessons from the super powers of this failed novelist who shaped the culture in life, and will continue to make America better for decades to come. Bill Whittle Now brings you sharp insight on the news of the day, five times each week thanks to the members at http://BillWhittle.com

 

Bill Whittle Demolishes Nancy Pelosi’s ‘Subpoena Cannon’


Published on Nov 13, 2018

As Democrats in the House prepare a barrage of subpoenas, investigations and even impeachment articles for President Trump and his administration, Bill Whittle Now dispatches their pet probe topics one by one.

Constant Narcissism News – CNN Sues White House in Silly Effort to Restore Jim Acosta Hard Pass…


Constant Narcissism News (CNN) has filed a lawsuit against President Trump, Sarah Sanders, John Kelly, Bill Shine and the Secret Service over the White House decision to revoke the ‘hard pass’ of Narcissist News correspondent Jim Acosta.

If rejected, Acosta will likely ride his bicycle in slow circles at the end of the White House driveway while glaring in the windows….

WASHINGTON DC – CNN has filed a lawsuit against President Trump and several of his aides, seeking the immediate restoration of chief White House correspondent Jim Acosta’s access to the White House.

The lawsuit is a response to the White House’s suspension of Acosta’s press pass, known as a Secret Service “hard pass,” last week. The suit alleges that Acosta and CNN’s First and Fifth Amendment rights are being violated by the ban.

The suit was filed in U.S. District Court in Washington, D.C. on Tuesday morning. It was docketed and assigned to Judge Timothy J. Kelly, a Trump appointee. CNN is seeking a preliminary hearing as soon as possible.

Both CNN and Acosta are plaintiffs in the lawsuit. There are six defendants: Trump, chief of staff John Kelly, press secretary Sarah Sanders, deputy chief of staff for communications Bill Shine, Secret Service director Randolph Alles, and the Secret Service officer who took Acosta’s hard pass away last Wednesday. (read more)

Jim Acosta behaving like: “I will not be ignored, Mr. President”….

Response from the White House:

Caravan Rejects Mexican President’s Refuge Offer


Published on Nov 9, 2018

The caravan of Honduran migrants headed through Mexico toward the U.S. border received an offer they could not refuse…but they did. Bill Whittle Now grapples with some of the thornier issues for conservatives when it comes to immigration

Contrast in Competence – Miami Dade is Halfway Finished With Recount, Broward County Hasn’t Even Started…


Well, this certainly adds context to the charges of purposeful incompetence applied toward notoriously corrupt Broward County Supervisor of Elections, Brenda Snipes.

According to a recent report from the Miami Herald, Miami-Dade County is halfway through the constitutionally required recount of votes.  Meanwhile, Broward County has not started; and there’s almost no-way for them to meet the court-ordered deadline of Thursday afternoon.

(Miami Herald) By noon on Monday, Miami-Dade managed to recount about half of the more than 800,000 votes cast in the 2018 election. Broward County had not yet started its state-mandated recount.

The stark contrast in pace from Florida’s two largest sources of ballots highlights the pressure facing Broward as it tries to meet a Thursday afternoon deadline to recount the more than 700,000 votes cast in the largely Democratic county.

As of noon Monday, Broward still had to calibrate its ballot-scanning machines and sort out the ballots needed to be counted, suggesting the actual recount may not start until later in the day or even Tuesday morning.  (read more)