Tag Archives: Russia

Apr 30 2024

California’s Exit Tax


Posted originally on Apr 30, 2024 By Martin Armstrong 

SAN fRANCISCO

People have been leaving California in droves due to Governor Gavin Newsom’s socialistic Utopia that demands everyone be taxed on every penny they earn. I’ve long warned that California was unfriendly for businesses and investors. Those who stayed behind will now need to pay to leave under Assembly Bill 2088.

California plans to implement a one-time tax for businesses and individuals fleeing the Golden State. The government will look at all of your assets and investments to determine how much you will need to pay, which is usually 0.4% of someone’s net worth. Wealth historically flees when taxes rise, and to combat this issue, California plans to tax anyone with an income for $30 million for up to a full decade after they leave the state. Someone leaving the country entirely will still be forced to pay California for the privilege of leaving.

California first implemented an exit tax in August 2020 when they saw businesses and individuals lining up to leave the state that faced some of the harshest lockdown penalties in the nation. Uhaul and other moving organizations reported shortages on shipping vehicles as the demand to flee was so high.

Per usual, this tax was first introduced as an “eat the rich” penalty for those earning over $30M. And again, as usual, the tax expanded to target everyone. Small businesses that are already struggling to survive in California’s climate may feel trapped in the state. Individuals who can no longer afford the cost of living in California are also unable to leave without forfeiting money to the state. Afterall, the majority of people who live in California rent if they actually have shelter. Why anyone would want to conduct business in or through California is beyond me as Newsom is clearly targeting everyone who merely associates with California.

Another reason the Socialists introduced this tax is to steal capital gains. They wanted to tax unrealized gains to no avail but were prohibited by the courts. Now they are worried people will move out of state and cash out elsewhere. So California wants to tax all investments to ensure they get a cut of YOUR money that they do not have a right to claim.

The state dug themselves into the deepest deficit in the nation. The decision-makers do not believe they are the problem. They believe the greedy businesses and individuals are the problem and deserve to pay for their mistakes through unending taxation. Accumulating wealth is now a punishable offense in parts of the “free world.”

Apr 30 2024

INSANE New Tax Proposal – Stealing from Citizens Legally


Posted Apr 30, 2024 By Martin Armstrong 

Death Taxes

Success is a punishable offense in Biden’s America. Joe Biden and his administration would like to implement a 44.6% tax on capital gains, the highest tax on capital gains in the nation’s history. Washinton says this tax is necessary to address the looming national debt, but they are simultaneously implementing measures to ensure that the nation falls deeper into debt. Perpetually issuing new debt to pay for the old is equivalent to a Ponzi scheme that WILL FAIL.

Donald Trump’s implemented tax deductions are set to expire in 2025, which is precisely when these measures could go into effect. The proposals essentially rob those who have achieved success to pay those who leech off of the government.

TAXES TEXT

Read the full proposal here.

The proposal is over 250 pages in length but looks to target all investments. The MSM will report that they are only going after the wealthiest Americans but the truth of the matter is that they will seek to squeeze everything they can out of every American, unless they fully rely on government assistance and are therefore owned by Washington.

“A new 25- percent minimum income tax would be imposed on extremely wealthy taxpayers. For high-income taxpayers, gaps in the law that allow some pass-through business owners to avoid Medicare taxes would be eliminated, and Medicare tax rates would be increased. Additional loopholes, including the carried interest preference and the like-kind exchange real estate preference, would be eliminated for those with the highest incomes. Together these reforms would sharply curtail tax preferences that allow the wealthy to pay lower tax rates on their investment income and exacerbate income and wealth disparities, including by gender, geography, race, and ethnicity.”

We are equal in rights, not talent. This proposal clearly states that successful individuals must be punished financially. Will the government curtail its own spending or address the utter deterioration of fiscal policy that has hurt all Americans? No. There are no mirrors in Washington.

KarlMarxTaxesTaxation

C corporations, under this proposal, would be subjected to a 28% tax rate – a 7% increase. The corporate alternative minimum tax (CAMT) would rise to 21% compared to the current 15%. How on Earth does this support American business? Does he truly believe this will aid in job growth, as we have primarily only seen the public sector grow?

socialism.meme_

Think crypto is safe? Think again because this proposal wants to permit the government to determine which assets are considered actively traded.

“The proposal would add a third category of assets that may be marked-to-market at the election of a dealer or trader in those assets. Assets in the third category would be actively traded digital assets and derivatives on, or hedges of, those digital assets, under rules similar to those that apply 230 General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals to actively traded commodities. The Secretary would have authority to determine which digital assets are treated as actively traded. The determination of whether a digital asset is actively traded would take into account relevant facts and circumstances, which may include whether the asset is regularly bought and sold for U.S. dollars or other fiat currencies, the volume of trading of the asset on exchanges that have reliable valuations, and the availability of reliable price quotations.”

Socialism v Capitalism

Forget offshore digital investments because Washington wants a cut of that too:

“Tax compliance and enforcement with respect to digital assets is a rapidly growing problem. Since the industry is entirely digital, taxpayers can transact with offshore digital asset exchanges and wallet providers without leaving the United States. The global nature of the digital asset market offers opportunities for U.S. taxpayers to conceal assets and taxable income by using offshore digital asset exchanges and wallet providers. U.S. taxpayers also attempt to avoid U.S. tax reporting by creating entities through which they can act. Requiring individuals specifically 228 General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals to report their offshore holdings of accounts with digital assets, subject to significant penalties if they fail to do so, is critical to combat the potential for digital assets to be used for tax avoidance.”

This proposal is LOADED with extreme restrictions and penalties for investors, both domestic and foreign.

They want to reform how companies pay dividends. They want to reform international taxation and reporting. The statute of limitation for financial penalties would be expanded, including the payouts the government lavishly handed out during COVID.

Washington Post Socialism

The proposal would increase the top marginal tax rate to 39.6% for married individuals filing a joint return and surviving spouses. Single filers earning $400,000 for unmarried individuals will face the highest tax penalties, as will those earning $425,000 for head of household filers, and $225,000 for married individuals filing a separate return. In comparison, the current top marginal rate for married filers is currently on those earning over $731,2000 and single filers earning over $609,500. So the cost of living is rapidly rising, inflation has no change of relenting during this time of ongoing wars, but the government wants to tax those earning less more?

So, if one sells their small business, they will need to give the government about half of what they worked their entire lives to achieve. If an American’s house rose in value and they attempt to sell the estate—too bad, Uncle Sam needs half. This is a MIDDLE-CLASS TAX. The ultra-wealthy already have ways to bypass these measures. The ultra-wealthy may begin leaving America in general if they continue to demonize capitalism.

The people did not create the deficit we face today. The government continually spends with no plans to curtail spending. They have created a massive Ponzi scheme whereby they issue new debt every year to roll over the debt from the previous year. Eventually, there will be no buyers, and that is precisely how nations fail.

Apr 29 2024

Beware of 2025


Posted originally on Apr 29, 2024 By Martin Armstrong 

Hiding Money Matress

QUESTION: Hi Martin, What are you thoughts on holding cash into 2028? You said cash was king, but there would come a time to abandon cash. It seems this CBDC thing is what you are talking about. Do you have any time yet?

See you in London

Kind regards,

HF

ANSWER: Europeans are much more familiar with canceling currency. Those governments are much more Marxist and have been canceling currencies routinely since WWII. What happens is you are forced to bring your cash in to swap it for the new version. In this case, it will be digital. What they are going to do is then look to see who accumulated that cash. If it is a large chunk, you may be taxed, and the burden will be on you to PROVE you paid the cash.

You are better off swapping it out for gold, stocks, and even real estate outside of the Blue States and generally cities. As people migrate from those regions, the people left behind will have their taxes increased. California is the #1 state people are leaving. They have noticed, and as I have been warning, you should have got the hell out of that God-forsaken state. They are now imposing an EXIT tax to leave. The downside of real estate is that they impose a property tax on it annually. Some states include even your car. People I know used to have Ferraris no longer because they paid a sales tax to buy it, and then you are taxed on the price you paid for it annually as property tax. If you keep the car for 10 years and it depreciates, the taxes you pay just to have it will consume half the price of the car or more.

We are through the COVID crisis when it was wise to hold the case. Now, you do not want to hold cash into 2028. We are facing STAGFLATION, so inflation will rise faster than GDP. Thus, the purchasing power of cash will decline. Then, when they do the CBDC, which they plan to introduce as soon as January 2025, they will cancel all cash, force you to bring it to the bank, and report how much you had to the IRS.

Apr 27 2024

Dave Walsh Details The EPA Shutting Down Coal-Fired Power Plants


Posted originally on Rumble By Bannons War Room on: Apr 26, 2024 at 06:45 pm EST

Apr 26 2024

Bob Kudla – Fed Is Political, Major Market Correction Coming This Fall, Leverage


Posted originally on Rumble By X 22 Report on: Apr 1, 2024 at 6:30 pm EST

Apr 25 2024

Russia Responds Precisely on Target


Posted originally on Apr 25, 2024 By Martin Armstrong 

ECM Ukraine Russia War

Nearly $300 billion worth of confiscated frozen Russian assets have been set to the side by the West. Some of the world’s leading decision-makers have been urging the powers that be to release these funds into Ukraine, arming Russia’s enemy with the private wealth of its own citizens. Russia has finally responded to these threats near our critical turning point during the week of April 19/20, 2024.

Russian authorities released a statement to say that they are fully prepared to implement retaliatory measures.

“We also have a prepared answer,” Valentina Matviyenko, the speaker of the Russian upper house of parliament, was quoted as saying by state news agency RIA. “We have a draft law, which we are ready to consider immediately, on retaliatory measures.” While the precise retaliatory measures have not been stated, it is safe to assume that Russia will begin to confiscate Western assets. “And the Europeans will lose more than we do,” Matviyenko, who is a member of Russia’s powerful Security Council, said.

The response also comes ahead of the critical target of May 7, which also happens to be the next Russian election. The computer selected the date many years ago. The people want a strong leader who will fight to return what is rightfully theirs. The West has never technically been at war with Russia and Russia has been overly patient in awaiting a response. As it seems the funds will be released in the slush fund which is Ukraine, Russia has been forced to respond.

ECM Russia 1991 Pi

It is unclear how much Russia holds in foreign assets. Russian Parliament speaker Vyacheslav Volodin said he believes that Russia would be justified in seizing these assets, especially after the US House of Representatives recently voted on legislation that will expand the illegal seizure of private Russian assets. Russia noted that Europe has more to lose than America because Europeans have more invested in Russia. Europe holds the majority of Russian assets, freezing around $224 billion in assets compared to the $5 to $6 trillion held by the US.

Now Volodin is prepared for more than mere economic warfare. In January, he stated that Russia was prepared to unleash a “global catastrophe” upon all unfriendly nations for creating this proxy war in Ukraine. “Arguments that the nuclear powers have not previously used weapons of mass destruction in local conflicts are untenable. This is because these states have not faced a situation in which the security of their citizens and the territorial integrity of their countries were threatened,” he stated in January 2024. He then stated on Telegram: “With their decisions, Washington and Brussels are leading the world to a terrible war … foreign politicians making such decisions need to understand that this could end in a global tragedy that will destroy their countries.”

EU Rebuild Ukraine with Russian Money

Now, the amount frozen surpasses Ukraine’s entire GDP, but world leaders are using it as a ruse to cover up the fact that their own nations are in a liquidity crisis. US Treasury Secretary Janet Yellen falsely claims that sending off these assets to Ukraine would “incentivize [Russia] to come to the table to negotiate a just peace with Ukraine.” She knows that Moscow has been prohibited from seeking a peace treaty since this war began. Putin went on a live stream that was broadcast around the globe and said he would welcome a call from Zelensky at any time to arrange a peace treaty.

The wise have been pouring money out into anything tangible. Everything from collectible cars to art, antiques, coins, and stamps have been rising. Geopolitics have collided with plans for the Great Reset, and private assets will be used on the economic battlefield.

In this wholesale confiscation of private assets, these politicians are using the excuse of Ukraine to implement a completely new normal procedure – the confiscation of billions without asking who the funds belong to and whether there is a connection to the Ukraine war. There is no check or balance for where the money is spent or sent.

2023_04_16_08_53_35_Ukraine_War_Causes_Inflation_Higher_Rates_Martin_Armstrong_Greg_Hunter_s_U

For all intents and purposes, the people who lost their life savings are mostly private citizens who have been victims of circumstance. They did not fund Russia’s invasion or have a say in their government’s decisions. Russia now states that they view this as a complete violation of international law as an act of war and they are willing to play the same dirty game.

This will change world trade entirely. People will be wary of international investments in places where they too may face illegal seizures. Why would, say, someone in China continue investing in Europe and the US when hostilities are building with Taiwan? These politicians simply fail to see the longterm damage that their policies create.

The West deliberately pushed Russia to suspend servicing their debts to Western lenders in preparation for their own excuse to suspend their own servicing of debts. As usual with sanctions, not only the person against whom the sanctions are directed, in this case, Russia, is harmed but also this has undermined the entire world economy ensuring its collapse in the years ahead. In this context, it cannot be stressed enough that sanctions historically have never worked and they know that they are generally pointless.

There is absolutely no question that we are headed into a very serious sovereign debt default. Western governments have been engaging in a Ponzi scheme, and the house of cards comes crashing down when they can no longer sell new debt to redeem the old. They need this war as an excuse to cover up their fiscal mismanagement, and they will then start all over again with digital currencies.

Apr 25 2024

Global Taxation – Proposal to Fight Climate Change and Poverty


Posted Apr 25, 2024 By Martin Armstrong 

Tax Wealth Tax

Finance ministers from France and Brazil are urging the G20 to implement a minimum 2% tax on billionaires in an effort to fight climate change and poverty. Everyone cheers when the suggestion is to tax someone else, but feigns shock when the rules expand and everyone experiences rising taxation. Global collaborative efforts such as war go against the very problems government agencies claim to combatting. They are deliberately increasing the price of living while simultaneously increasing our taxes.

Brazil’s Fernando Haddad and France’s Bruno Le Maire believe that billionaires should see their wealth decline by 2% (at minimum) every year. “In a world where economic activities are increasingly transnational, we have to find new and creative ways to tax these activities [and] thus direct the revenues to common global endeavours such as ending hunger and poverty and fighting climate change,” said Haddad. Le Marie spoke of GLOBAL TAXATION efforts as “a matter of efficiency and a matter of justice.” “Everybody has to pay his fair share of taxation,” he added. Longtime career politician Bernie Sanders of the US is also in full support of the proposal.

Taxing Worldwide Income

Tune in to what they are actually saying. A collective global entity would like to collect funds from citizens of individual nations through taxation. This far surpasses taxation without representation as they are discussing eliminating personal wealth, for then those within the one world order can spend their looted funds as they see fit. And they certainly will spend it as we have seen time and time again. Government spending is the main problem we face today as monetary policy could never keep up with fiscal, and politicians are content on raising taxes until the people have nothing left.

In America, we saw it happen this past year with the Inflation Reduction Act, Ukraine Aid, migrant funding, and countless spending packages. Everyone, be it lower or middle class, saw their taxes drastically rise. Yes, the promise was not to raise taxes on anyone earning under $400,000 annually – guess what? Governments lie.

The mere concept that individuals could finance government spending is absurd. They can raise taxes to 100% and it would still not be enough to crawl out of the sovereign debt crisis.

AOC Tax Rich

China sits at the table and listens to the discussions but does not make the first move. China is skilled at the art of negotiation and winning over one’s opponent. They have not openly dismissed the idea, but they would not implement it for their own people. Chinese representative Lan Fo’An “demonstrated openness,” according to Reuters, but China does not want to join this collective madness. Capitalism thrives off of entrepreneurs and innovators who create new products, companies, job openings, and entire industries. China is not going to discourage its people from capitalistic endeavors through a global taxation rate. Save them a seat at the table so that they can hear what the others plan to do.

Germany’s finance minister, Christian Lindner of the Free Democratic Party, openly rejected the proposal. “We do not think it is suitable,” he said at a press conference alongside Bundesbank President Joachim Nagel in Washington. “We have an appropriate taxation of income.” Individual nations have their tax codes in place – global taxation is permitting the globalists to steal from citizens of their respective nations.

Zucman does not understand economics, but he does understand how to pander to the establishment. He had the audacity to say that if some G20 nations fail to participate, other nations can simply tax them more to compensate. Zucman and others are already discussing the potential of a Donald Trump win this November as they know he is not supporting the Great Reset or globalist agenda. The world needs Trump to fail in order to conquer America politically.

COVID Tax

The government found a way to house and feed millions of migrants as soon as they entered the country. They could implement other programs to combat poverty if they chose to do so. The billions funneled to Ukraine, for example, could have been spent elsewhere. Instead we are creating multi-trillion dollar packages to combat naturally occurring weather patterns. It is all a mere game and we are the pawns.

Apr 24 2024

The World’s Most Censored Democracy


Posted originally on Apr 24, 2024 By Martin Armstrong  

Australia is rapidly becoming the most censored “democracy” in the world. The Australian Communications and Media Authority (ACMA) regulates all media from broadcasting, telecommunications, online search results, video games, to social media platforms. The Classification Board and Classification Review Board decides what information Australians can and cannot see. The government has even appointed an eSafety Commissioner to specifically oversee “online safety” and prohibit Australians from viewing anything the government deems unfit.

Bishop Mar Mari Emmanuel is an Orthodox Christian priest with a massive online following. Mari preaches at the Christ the Good Shepherd Church in Wakeley, delivering powerful messages that have been resonating with believers and non-believers alike. Everyone is aware that Australia has a migrant crisis no different from other developed nations. A few weeks ago, Mari was delivering a sermon when an Islamic extremist approached him with a knife. Australia does not want the people to bear arms but that does not deter attacks.

The 16-year-old terrorist, who was clearly motivated by religion, rushed the altar with a knife and attempted to repeatedly stab Mari. The unarmed bishop held his crucifix up to the attacker and miraculously prevented the switchblade from fully opening, saving his life. The video of the attack has gone viral across the internet, met with an outpouring of sympathy from people around the world. The Australian government is angry that this video is painting migrants in a poor light and is demanding that it be scrubbed from the internet.

“If he [the bishop] didn’t get himself involved in my religion, if he hadn’t spoken about my prophet, I wouldn’t have come here. … If he just spoke about his own religion, I wouldn’t have come,” the attacker said. It took the Australian government time to investigate whether this was a religiously motivated attack. After all, Christians are not a protected class and acts of violence against them are dismissed. “We believe there are elements that are satisfied in terms of religious motivated extremism,” New South Wales Police Force Commissioner Karen Webb stated before she later deemed it a “terrorist incident” due to public backlash.

Mari was also outspoken about COVID, lockdowns, and vaccine mandates. He criticizes the Australian government openly and honestly.

Mari.Bishop

Australia’s eSafety Commissioner is attempting to remove the video from the internet. X (formerly Twitter) owned by Elon Musk revealed that the eSafety Commissioner contacted them to take down the video. “The Australian eSafety Commissioner ordered X to remove certain posts in Australia that publicly commented on the recent attack against a Christian Bishop. These posts did not violate X’s rules on violent speech,” the company stated.

Julie Inman Grant

Julie Inman Grant of the eSafety Commissioner is far within the deep state. She was offered a role with the CIA in the 90s but declined as she wanted the acknowledgement. “I wouldn’t be able to tell my friends and family what I was doing,” Grant stated on turning down the job. She proceeded to find a role in Microsoft as a government affairs manager before moving to Australia in 2000. Grant was awarded the title of national eSafety Commissioner in 2017.

Australia is livid that Elon Musk will not remove the video. “We know, I think overwhelmingly, Australians want misinformation and disinformation to stop. This isn’t about freedom of expression,” said Prime Minister Anthony Albanese. “This is about the dangerous implications that can occur when things that are simply not true, that everyone knows is not true, are replicated and weaponized in order to cause division and in this case to promote negative statements and potentially to just inflame what was a very difficult situation.”

What disinformation? It is a real video of an attack that occurred as a direct result of hatred against Christians. “I’d like to take a moment to thank the PM for informing the public that this platform is the only truthful one,” Musk responded, adding, it is “absurd for any one country to attempt to censor the entire world.”

The World Economic Forum has praised Australia for their extreme censorship efforts, deeming the eSafety Commissioner Grant “the world’s most influential leaders revolutionizing government.”

One must ask – why are they afraid of this particular video circulating? We must recognize the content that the globalists do not want us to see in order to understand the larger agenda.

Apr 23 2024

A Technical Study of Relationships in Solar Flux, Water and other Gasses in the upper Atmosphere, Using the March, 2024 NASA & NOAA Data


The attached report on Global Weather for March 2024 Data has charts showing the relationship we tween CO2 growth and Temperature increases going up since we started to accurately measure CO2 in the atmosphere in 1958. These Charts were created by showing CO2 as a percent increase from when it was first measured in 1958, the Black plot, the scale is on the left and it shows CO2 going up by about ~34.0% from 1958 to February 2024. That is a very large change as anyone would have to agree. 

Now how about temperature, well when we look at the percentage change in temperature also from 1958, using Kelvin (which does measure the actual change in heat), we find that the changes in global temperature (heat) is about ~.3% and may reach .5% by 2028. To even be able to see this minuscule change we had to reduce the scale of the CO2 axis by a factor of ten.

This Chart 8 uses unaltered values from NOAA and NASA properly displayed ,and the Blue and Yellow projections are created by Microsoft Excel not me.

The NOAA and NASA numbers tell us the story of the Changes in the planets Atmosphere As Carbon Dioxide goes up geometrically.

The attached 40 page report explains how this chart was developed .

blackbody-temperature-2024-03Download
Apr 23 2024

Lighting Your Fireplace will Be a $500 Fine for CO2 Police


Posted originally on Apr 23, 2024 By Martin Armstrong 

I remember that growing up, my parents would light the fire on Christmas. We would listen to Christmas music and snuggle up in front of the fire. Now, if you light a fire, you are destroying the planet, and that is grounds to fine you. I suppose if your house burns down, insurance companies will not pay because it increases climate change, and you should not benefit from that.

South_Gloucestershire_residents_face_300_fine_for_using_log_burner

In South Gloucestershire, England, the City Council has approved the introduction of financial penalties in the district’s smoke control area. In the name of improving air quality, lighting a fire releases harmful pollution by burning wood, which can cause health problemGrs. You will be fined £300 pounds for harming the environment.

Rise Fall or Empires Climate

We have some severe problems. Most of us laugh at the Climate Change zealots and how stupid they are to not even look at history that Climate has ALWAYS changed. The sad part is that one of the lessons a friend of mine who became the mayor of a major city taught me was one of my first lessons in politics. I asked him why the city had to respond to a bunch of nuts protesting in front of his house. He said they bring the news, and you are forced to respond to their nonsense even when you know it makes no sense when they have the press in their pocket.

1970 Climate Change

You can only reason with a wise person. Only a fool argues with a fool. These people refuse to listen to any scientific evidence, history, or facts. They have been fully indoctrinated, so it is best just to agree and say look: I agree. We are seriously overpopulated. Perhaps you should set the example and commit suicide to save the planet. I’m sure others will follow.

Crisis 2

These Climate nuts have the press and the politicians in their back pocket. This is part of the rising civil unrest, for these people are unleashing a wave of domestic violence that is going to make the 1960s look like a dress rehearsal. Between the abuse of the rule of law as they try to prevent Trump from even surviving with more than two cents to his name, tearing down the rule of law to accomplish this goal means that the other side will now have a precedent, and this is the DEFINITIVE destruction of society and civilization. Throw in this climate change, where they intend more lockdowns and want to destroy our freedoms and livelihoods further; I can now see clearly why the computer is forecasting the end of civilization as we know it by 2032.

Gibbon on Commodus

Civilization can no longer exist once we have lost the rule of law. These people are so desperate to fulfill their agenda of climate change, war, and population reduction that they are tearing the very fabric of what has made the United States a nation. Anything that Trump did or stands for must be attacked the same way Commodus did. It is with his reign that historians have drawn the line for the start of Rome’s collapse. The empire was thrust into civil war after Commodus was finally assassinated.

Climate Change War

What these Climate Change zealots do not comprehend is that they are being used, and gradually, this movement is transforming into the extinction agenda – to reduce the population BIG TIME with war. They have no guarantee of surviving themselves. They are justifying war as NECESSARY, for this is the best way to reduce the population. I suppose Hitler, Stalin, Mao, and Mussolini were just ahead of their time trying to save the planet by reducing the population.