Tag Archives: Student Loans
Repo Crisis – Best Kept Secret Ever!
Armstrong Economics Blog/Interest Rates
Re-Posted Nov 29, 2019 by Martin Armstrong
COMMENT: Marty; I want to thank you for a great conference. It is clear you are the only true institutional adviser. Our board is very impressed. The FT reported that there is still no single factor that caused the dislocations in the repo market in mid-September. You are the only one who explains the event authoritative.
Thanks
JG
ANSWER: Nobody will talk publicly. Everyone is scared to death of starting a panic. This is the BEST kept secret I have ever seen in my career. The real test comes at year-end when banks typically step back from the repo market so that their balance sheets are smaller for December 31 regulatory calculations. We will see what really happens then on the chaos scale of 1 to 10. I find it really funny how there are articles calling it the new QE to where the Fed is clandestinely buying T-Bills through repo. This really seems to be an orchestrated effort at disinformation. It is hard to say if the people who make this up are deliberate agents of the government hired to keep people looking in the wrong direction.
The Rising Tension in Europe for Civil Unrest
Armstrong Economics Blog/Civil Unrest
Re-Posted Nov 27, 2019 by Martin Armstrong
QUESTION: Hello!
More and more people in western Europe are talking about the coming civil war between the Muslims/Arabs and the Europeans. Guillaume Faye has even written a book about it. I personally believe that it will break out between 2025 and 2050 and that it will start in France. Me and my friends are looking for some place to go before it starts. We are looking at eastern Europe. Have your computer anything on this coming civil war?
Thank you for your hard work.
IR
ANSWER: Economics is at the root of the crisis. In 1844, tensions rose and there were gun battles on the streets in Philadelphia against the Irish Catholics. This occurred in the middle of a depression from the Panic of 1837 with the sovereign debt defaults by states. Religion was involved to some extent, but the argument became that the Irish immigrants were taking the jobs and were willing to work for less.
In this case, the refugees get handouts from the state and then the state raises taxes on the citizens. This still is fueling the tensions and there is indeed a risk of civil conflicts and separatist movements. This is also the period where we should expect more anti-establishment parties rising because people are losing their lifestyles thanks to the career politicians who have created an economic catastrophe.
William Koch & Ancient Coins
Armstrong Economics Blog/Ancient History
Re-Posted Nov 26, 2019 by Martin Armstrong
QUESTION: I understand that the Koch brothers bought ancient coins. Is there any truth to that?
WJ
ANSWER: Oh, yes. William Koch was involved in a very famous case involving the Athenian decadrahms. There was a hoard discovered in Antalya by a television repairman and two other people back in 1984. They found a hoard of 2000 ancient silver coins with a metal detector. The hoard contained the rare Athenian decadrachms, which were produced as a commemorative 10-drachma coin. There were only 7 previously known examples. The Elmali Hoard contained 14 of them and became known as the “The Hoard of the Century.” The first one sold for $600,000 dollars, easily breaking the old record. The billionaire, William Koch of Boston, bought 1,800 of the coins for $3.5 million dollars. The Turkish Government knew that the treasure had been smuggled out of the country, but after it was taken across the border they didn’t have the slightest knowledge of its whereabouts. The treasure disappeared.
Based on the evidence, the Turkish Government started legal proceedings in Boston. The judge gave an important interim judgment in Turkey’s favor. Koch lost the hoard to Turkey
Australians Losing All Freedoms to Socialism
Armstrong Economics Blog/Australia & Oceania
Re-Posted Nov 26, 2019 by Martin Armstrong
QUESTION: I live in Australia but seriously considering living elsewhere as our freedoms continue to be eroded, our economy artificially supports to stop property prices corrected as top 4 banks carry estimate 80% exposure, etc, etc.
I love living in Sydney beaches for climate, beaches + surf, incredible quality of raw ingredients for food and a healthy lifestyle. But I believe we are on a downward spiral which may well last a generation or longer.
I’m location independent economically with both Australian and UK passport.
Where my best options to move and make a home where the next 20 years will flourish rather than suffer?
I’m very open to suggestions?
DF
ANSWER: The UK will most likely adopt a worldwide income tax. As an Australian resident, you are taxed on your worldwide income. This means you must declare all income you receive from foreign sources in your income tax return. You might want to look at moving to Thailand. They are outside of the CRS and a very reasonable country, if not the most reasonable in SE Asia. It is hard to say what will unfold there going forward. However, the only thing that is certain is that the West is in the decline & fall mode. The financial power will shift to Asia post-2032.
We have to understand that all the promises of socialism are crumbling to the ground. The governments will become much more aggressive to enforce taxation in a desperate attempt to retain power. That will fail. The only thing this is causing is rising separatist movements and inevitable violence
Britain GDP Has been declining ever since joining the EU
Armstrong Economics Blog/BRITAIN
Re-Posted Nov 25, 2019 by Martin Armstrong
REQUEST:
Hi Martin, I trust you are well. Would you post the chart you showed of how the UK has performed since joining the EU? I’ve been ploughing through your emails but am unable to find it. In short, I want to show my partners son the chart, who is a vehement ‘remainer’. Ie, evidence that the Uk would be better off leaving the EU.
Thanks for your help,
Cheers
Charlie
Charlie’s Angels Remake Flops Because Men Won’t Watch Hot Chicks Who Kick A$$
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The Hunt For Taxes – Sell & Leave Before It is too late?
Armstrong Economics Blog/The Hunt for Taxes
Re-Posted Nov 24, 2019 by Martin Armstrong
QUESTION: Dear MR. Armstrong,
As a long time subscriber to your basic level Socrates,I’m very grateful for the guidance I’ve received.I have a question. In the hunt for taxes my Canadian government just assessed me over $80,000.00 for unreported income. I pay my taxes Mr Armstrong, the Canadian government pulled my bank records and although what I said was verified by those records, they refused to accept them! Even my tax lawyer was astounded.Now a difficult question for me.I’m retired and have no income presently.But I do own my on home.To pay off the CRA I’m considering getting a Reverse Mortgage on my home.They charge 6% monthly on the unpaid settlement so if I can get the RM at say 5% and use the extra to buy gold, perhaps over 5 years I can beat this burden.Would you recommend this strategy to your Mother or what else can I do.
Best Regards,
RW
ANSWER: Perhaps that is all you can do. The tax authorities are pulling those tactics far more often because they are broke and it will get far worse. I strongly advise to get a retirement visa from Thailand. You may have to just change your domicile to get away from this hunt for taxes that will continue to get worse. You are already hit. They will usually shift the burden of proof to you and just assume everything you have belongs to them. This is part of the economic tyranny we face.
It really is best to sell fixed assets in countries with aggressive tax agencies so they cannot take your home. Another thing they do, like the USA, is to cancel your passport if you owe them more the $50,000. We are economic slaves. We have truly lost all our freedoms.
I do not know what else to say, You are dancing with the devil and the rule of law has vanished. Justice died with the beginning of direct taxation embracing the income tax and Marxism. Justice is indeed just the will of the government.
86-Year-Old Justice Ginsburg Back in Hospital…
November 23, 2019
US Supreme Court Justice Ruth Bader Ginsburg, 86, has been admitted to hospital suffering chills and a fever, the Supreme Court said in a statement:
SCOTUS – Justice Ruth Bader Ginsburg was admitted to Johns Hopkins Hospital in Baltimore, Maryland, last night after experiencing chills and fever earlier in the day. She was initially evaluated at Sibley Memorial Hospital in Washington, D.C. before being transferred to Johns Hopkins Hospital for further evaluation and treatment of any possible infection.
With intravenous antibiotics and fluids, her symptoms have abated and she expects to be released from the hospital as early as Sunday morning. Further updates will be made when available. (link)
Monty Python’s Politically Correct
Blog/Conspiracy
Posted Nov 22, 2019 by Martin Armstrong
Centinel2012 