Tag Archives: progressives

Aug 20 2019

BREXIT & the Yellow Hammer Propaganda Pretend Leak


Armstrong Economics Blog/BRITAIN

Posted Aug 20, 2019 by Martin Armstrong

The report that paints the darkest possible scenario for Britain without ever mentioning that 60% of its trade is outside the EU and that any attempt by the EU to punish Britain will destroy the German economy which is preparing for a very deep recession since Britain is its #1 trading partner in the EU particularly for autos.

This Yellow Hammer report leak is clearly a scaremongering edition and not serious research. It is just a propaganda piece for that purpose. It claims that transport disruption will be 50%-85% of lorries travelling across the Channel may not be ready for French customs. The EU is likely to harass Brits with immigration checks at border posts. Medicine supply chain may be disrupted for up to six months across the Channel. The supply of certain types of fresh food will decrease.

The EU will slap tariffs on British fuel imports so they forecast financial losses and the closure of two refineries resulting in about 2,000 direct job losses. And as far as Northern Ireland is concerned, the UK would impose the “no new checks with limited exceptions” but they report claim this will be unsustainable.

There is no mention that trade negotiations with the rest of the world cannot take place inside the EU because any member can veto a UK trade deal with anyone.

The British pound is still under pressure as the propaganda machine is in full force. A further decline in the pound into October will far outweigh any tariffs the EU could possibly impose. Everyone looks at the dire future for Europe while they fail to look at the EU. Germany is imploding economically. The German economic philosophy has always been the old-school Mercantilist view to sell more stuff to everybody else than you buy.

While Germany is all about austerity, it has over-taxed its people and has declined to create a domestic consumer market preferring the export model which has resulted in the German people having almost the lowest net worth in Europe. While the economy is #1 inside the EU, the wealth does not pass to the people. A no-deal BREXIT will hurt the EU far more than it will hurt Britain and that is the absolute TRUTH!!!!!!!!

Aug 19 2019

Asia 2019 Crisis


Armstrong Economics Blog/Hong Kong

Re-Posted Aug 19, 2019 by Martin Armstrong

COMMENT: when you showed FX and stock markets of Asia in Rome, the computer did forecast quite some panic cycles for this summer – here we go !

JO

REPLY: I know. That’s why I am here.

Aug 19 2019

The Deep State Reality


Armstrong Economics Blog/Corruption

Re-Posted Aug 19, 2019 by Martin Armstrong

QUESTION: Dear Mr. Armstrong
Isn’t the FBI a government agency?
In this case, they are paid with “the people” tax money?
Aren’t they supposed to be neutral, I mean, they should be “incorruptible”?
They should not take a position for the left or the right. They should be there for “Justice”?
Can you explain?
Many Thanks to you and your team for all your teachings.
Have a beautiful day
MF

ANSWER: What you say is the theory of a perfect world. Unfortunately, I believe that ever since Bush Jr was elected, the power shifted from the president to the bureaucracy. I have stated before that I use to meet with people who wanted to run for president for the Republicans as a vetting process. They were told I was there to inform them of the global economy and how it functioned, but in reality, I was told to determine if I believed they could handle the job. Then I was asked to run to Texas to meet with Bush Jr, but I was told this was different. I was told he was really “stupid” and they asked me if I would accept the position of Chief Economic Advisor to the president. I was shocked. I asked, “Why would you make someone stupid president?” Particularly since it was exactly opposite of what I had been asked to do for years. I was told he had the “name” to win.

I was told at that time they needed to surround him with “good people” and that is how Cheney became the de facto president. Naturally, I declined for I could not continue my business. Ever since that point in time, the bureaucracy rose to power. They took on a mantle of authority that no one has been able to challenge. Trump has tried, but look at what they have done to him. This is what people are calling the Deep State. The idea that we are free is only an illusion. We have no rights.

Coxey & His ArmyThe first march upon Washington emerged at this time from the Panic of 1893 known as Coxley’s Army. This was a group of unemployed men who marched during the depression year of 1894. Jacob S. Coxley (1854-1951) was a businessman in Ohio whose idea was that government should provide employment through creating public works. His ideas were eventually incorporated in Franklin D. Roosevelt’s New Deal and became the WPA in 1935. Coxley set out for Washington on March 25, 1894, with about 100 men and arrived there on May 1st with about 500 more who had joined. Coxley’s First Amendment rights were, of course, violated for they arrested him for walking on the grass and pretended it had nothing to do with his march.


Baum-3

YellowBrickRoadNevertheless, it was this event that became the “Wizard of Oz.” Lyman Frank Baum (1856-1919) was impressed by this movement. Off to see the Wizard was Washington. The Tin Man was industry, the Scarecrow agriculture, and the Cowardly Lion was William Jennings Bryan. The Yellow Brick Road was the gold standard. It was hoped to persuade Congress to authorize a vast program of public works, and restore the repealed Sherman Silver Purchase Act to increase the money supply – the 19th Century version of Quantitative Easing that virtually bankrupted the USA. This movement was all about financing a substantial increase in the money in circulation to provide jobs for the unemployed.

Aug 19 2019

Kamala Harris – Medicare for All


Armstrong Economics Blog/Opinion

Re-Posted Aug 19, 2019 by Martin Armstrong

QUESTION: Marty, what do you make of Harris’s Medicare-for-all plan joining Bernie Sanders? Is this just another way the destroy the society?

HY

ANSWER: There is a HUGE problem nobody seems willing to address. People compare US healthcare costs to those of places like Britain. The problem is that we have a private system and in Britain, the doctors work for the government. Harris’s plan is sort of a hybrid and it would be phased in over 10 years making it another government disaster. All we need to do is look at the VA hospitals. Government is simply incapable of managing anything and then misconduct and mismanagement are exempted from exposure when it is politically important for an election.

Unlike Sanders’, Harris’s plan would include a substantive role for private insurers, which would still be able to offer plans under a tightly regulated system, similar to the way that private insurers currently do through Medicare Advantage.

Additionally, it would transition Americans from the existing system to Medicare-for-all in 10 years, instead of four. And finally, it would use a slightly different payment mechanism: Harris backs several of the methods Sanders has suggested, including higher capital gains taxes, but would only impose taxes on households making $100,000 or more. Sanders’ plan, meanwhile, would impose taxes on households making $29,000 or more.

Healthcare is pricing itself out of the economy. We cannot create a hybrid system leaving private doctors yet 100% coverage under the current system. The VA hospitals prove government cannot be trusted with management. That means we have to create a system that is private yet not uncontrollable.

I would encourage private Medicare-for-all hospitals by treating them as a public utility and to create an incentive for existing hospitals to convert eliminating private insurance entirely. We do that by making them TAX-FREE and all procedures would be priced at a fixed rate with a standard profit margin. No more $500 for a $50 brace.

There are doctors who have been in private practice who have left and gone to the VA because it has become so insane. Many foreign immigrants come into the USA to get lucrative jobs as doctors with a medical degree. Then there are young people who want to become doctors because of the money rather than to help people. Nevertheless, there are a lot of people who want to help people and they would switch over in a heartbeat if we created a viable system.

I have had friends who had local private practices who have effectively been forced to join hospital groups. We have an explosion of Urgent Care centers created which compete against private practices. I have had discussions with those in hospital groups who have said decades ago that they would take that over private practices. That has been the trend.

We can encourage existing groups to switch to a Medicare-for-all system by making them TAX-FREE provided they agree to control over pricing as is the case in public utilities

Aug 18 2019

The Plight of Brecksville Ohio


Karl Marx the God of the Progressive movement.

 

I have lived in the typical middle class suburban American community since 1982; and shortly after moving here Jerry N. Hruby began serving his first of eight four-year terms as Mayor of the City of Brecksville. The city of Brecksville under his management has prospered and I would say is one of the best run cities in northeast Ohio.  Despite this prosperity a number of years ago a group of Progressive radicals targeted Brecksville for conversion to a socialist style management.   This was part of the national progressive movement to find a way to reverse the Citizens United  Supreme Court decision which broke the hold that Unions had on political  campaigning.

Being nominally involved in local politics I have have had the occasion to talk with Mr. Petsche and I have found that he lacks candor.

It is now clear to me that Petsche believes in “fundamentally changing” the city of Brecksville into some form of socialist styled management as described below in the summary of a recent Brecksville Magazine article. I would not normally post something like this on my blog since I mostly focus on national and international issues. But I do know that Petsche and the rest of his cohorts are part of a national movement to turn America into a socialists (Marxist) style country. Unfortunately anyone that desires to create a “socialist” system is obviously very uninformed, because all previous attempts to create a socialist system have instead created civil wars and mass murder for large segments of the countries that have been forced down that path. Therefore I find his motives to be at best disingenuous and at worst malignant.

Please see the attached link to an article that just appeared in Brecksville Magazine if you are ares interested in stopping Petsche.

I have witnessed  Jack Petsche a the freshman city councilman that ran on a platform of “transparency and integrity” do just the opposite himself.  He and his surrogates, including a group now calling themselves, (ironically) “A Better Brecksville” have spent his entire 19 months in office trying to sow division in our community and disrupt city government.

Now he’s running for mayor of Brecksville with a slate of his “A Better Brecksville” backers simultaneously running for city council.

By the way, to date, Petsche’s firm has been paid approximately $145,000 from the city as a subcontractor. I find this despicable since in public he has indicated to me that he had no “real” financial dealing with the city. I will grant I did not ask him that exact question but the subject was related to outside money being used to influence local elections.

This article should be shared with fellow Brecksville residents on our individual email distribution lists.  Please copy the link and insert into emails with your own comments.  Voters need to learn about this matter.

http://www.scriptype.com/2019/08/16/council-members-question-colleagues-transparency-ethics-over-police-station-subcontract/

Aug 18 2019

Socialism Does NOT Work | John Redwood | Oxford Union


OxfordUnion

John Redwood gives his argument that Socialism does not work. SUBSCRIBE for more speakers ► http://is.gd/OxfordUnion John Redwood opens with a hilarious example of socialism failing by pointing out the fact that the President of the Oxford Union sits high above everyone else in the chamber, stating that these people will most probably become political leaders and so is a shining example that privilage is alive and well. He goes on to highlight the differences between traffic lights and roundabouts using them as metaphors for socialist and communist systems. Filmed on Thursday 28th November 2013 MOTION: This House Believes Socialism Will Not Work. RESULT: Motion Defeated

 

Aug 18 2019

Socialism Does NOT Work | Daniel Hannan | Oxford Union


Daniel Hannan gives his argument that Socialism does not work. SUBSCRIBE for more speakers ► http://is.gd/OxfordUnion Daniel Hannan opens with a quote from a from a previous socialist known as Adolf Hitler. The socialist voters elevated cohersion over freedom. The human nature of dog eat dog and ambition to do well was harnessed by capitalism to a socially useful end. He highlights that there are no socialist countries in the wolrd today (e.g. Cuba, Zimbabwe etc) that have persormed better than capitalist one. He concludes his rousing speech with by saying socialism does not work and the house must vote for freedom. Filmed on Thursday 28th November 2013 MOTION: This House Believes Socialism Will Not Work. RESULT: Motion Defeated

 

Aug 18 2019

Sen. Warren Math: 30% Gun Tax + 50% Ammo Tax = 80% Drop in Gun Deaths


Published on Aug 14, 2019

Leading Democratic presidential candidate Sen. Elizabeth Warren proposes a 30% gun tax plus a 50% ammo tax which she says will add up to an 80% drop in gun deaths. Of course, there’s more to it than that, including an end to the filibuster in the Senate. Can Betsy Warren ride her sensible gun math to the White House, and if so, why doesn’t she stay in the Senate so she can help pass it? Bill Whittle Now comes to you five times weekly thanks to the Members at BillWhittle.com. If you like what you hear here, join them now at https://BillWhittle.com/register/
Aug 18 2019

Death Penalty is Never a Punishment – it is an Escape from Punishment


Armstrong Economic Blog/Rule of Law

Re-Posted Aug 18, 2019 by Martin Armstrong

QUESTION: The US will start the death penalty again. What is your view on the death penalty?

HRW

ANSWER: It is far worse to live in prison for life the way the government will torture you without remorse. They are beginning executions once again since 2003. Their allegations against people are always exaggerated and they are cold-hearted. I never met anyone who ever did everything the government claimed and there is a risk that the people they intend to execute are innocent or never intended to do such a crime. The real professional criminals know the system and immediately start testifying against others to get a reduced sentence. So the people they want to execute had nothing to deal with, which tends to imply they were not necessarily career criminals and if they were nuts, that is never a defense anyway. In the famous case of Adamson, he pled guilty waiving a jury trial with the understanding he would get a life sentence and then in 1988 the judge ordered him to be killed. That was eventually overturned that his plea was contrived by the courts themselves promising him one thing and then ordering him to be executed. There is no honor in the Justice System – none whatsoever!!!!!

I personally think the death penalty should be VOLUNTARY for there are people who would take that option rather than being imprisoned for life. If I were in such a position, I would certainly volunteer in a second. To live the rest of your life being tormented by guards for fun and sport is no way to live and no judge will EVER listen to a complaint from an inmate. I simply asked to be given medical treatment and I was denied by two judges and had to wait until my release to seek medical attention. As a result, the vision in my left eye remains partially blurry because they refused me my basic human needs.

Death is an escape; it is not a punishment for it is over fast compared to incarceration that remains for your entire life.