Published on Jul 12, 2018
Armstrong Economics Blog/Civil Unrest
Re-Posted Jul 13, 2018 by Martin Armstrong
Reuters is reporting that Northern Ireland was hit by a new wave of street violence overnight on the eve of annual parades. This is demonstrating that there remains underlying tensions between pro-British Protestants and Irish nationalist Catholics in the British occupied region. Vehicles were set on fire, petrol bombs were thrown, and roads were closed off in violence in several towns. The parade marks the 1690 victory of Protestant King William of Orange over Catholic King James of England. Therefore, it feeds right into the conflict between the Protestants and Catholics which has existed since the time of Henry VIII’s seizure of the Catholic Church to affect the divorce he was being denied.
The first death in the conflict in Belfast is disputed involving Francis McCloskey (aged 67) who died one day after being hit on the head with a baton by a member of the Royal Ulster Constabulary (RUC) during street disturbances in Dungiven, County Derry on Sunday, July 14th, 1968. The official first death was the fatal shooting of a Catholic on Thursday, August 14th, 1969. The person was John Gallagher was shot dead by the Ulster Special Constabulary (‘B-Specials’) during street disturbances on the Cathedral Road in Armagh. John Gallagher is recorded as the first ‘official’ victim of tensions in Northern Ireland. The first Protestant Civilian to be killed took place on Friday, August 15th, 1969 named David Linton (aged 48) who died after being shot by a Republican group during street disturbances in North Belfast. The actual first members of Irish Republican Army (IRA) to be killed took place on Friday, August 15th, 1969. His name was Gerald McAuley (aged 15), who was a member of Fianna Éireann, which was the youth section of the Irish Republican Army (IRA). He was shot dead by Loyalists during street disturbances in the Lower Falls area of Belfast.
From a cyclical perspective, if we begin on August 15th, 1969, then we are concluding a 51.6-year wave on 2021.2219178, which will be March 22nd. It is lining up with the Economic Confidence Model and the Monetary Crisis Cycle. Therefore, the violence will reemerge with a new trend once again driven by economics. Violence has continued sporadically but it has been rising gradually again since 2013.
The violence against Irish Catholics in America erupted in 1844 during the Sovereign Debt Defaults of states and the economic decline in the aftermath of the Panic of 1837 (Dates of ECM Waves). When Andrew Jackson shut down the central bank, the Bank of the United States at that time, all banks began to issue money of their own. The economy was flooded with frauds and nobody knew what banks were real or safe. As banks failed, the States tried to bail out the banks to save their economy and they too were pushed into default. The Depression that followed raised unemployment and violence.
Armstrong Economics Blog/The Hunt for Taxes
RE-Posted Jul 13, 2018 by Martin Armstrong
QUESTION: Hi Martin,
You are unique in your insight into the growing theft of our money and dignity by the increasingly draconian authorities. Sometimes it’s hard to tell in this era of clickbait and fake news whether something you read is real. In the case of Councils, however, which universally seem to be repositories for people with no skills and not enough guts or street smarts for real politics, anything is possible. How do we, especially the elderly, defend ourselves from these rapacious thieves?
ANSWER: I wish I had an answer for you. For governments there in Britain to proposed to charge £25.92 to help an elderly person who has fallen is outrageous. This is beyond belief. As lawyers often say, “If you hit someone with your car, back up and make sure you kill them. It’s cheaper than to have to pay for the rest of their lives for an injury.” This seems to be the policy adopted by governments. As the crisis in finance builds, we will see more and more of this sort of thing to “save” money.
In the USA, all I can do is recommend moving to one of the 7 states without an income tax. If you are elderly and need medical services, Florida is probably the best spot. They also have Homestead, so nobody can take your house and throw you out on the street. The Florida homestead exemption is a Florida constitutional provision which protects Florida residents by providing them with legal benefits and protection. Thereby, a resident’s primary home is secure from levy and execution by their judgment creditors. A judgment creditor cannot force the sale of your homestead to satisfy a money judgment. Florida is THE BEST spot to protect property.
Armstrong Economics Blog/The Hunt for Taxes
Re-Posted Jul 11, 2018 by Martin Armstrong
QUESTION: You said that if you owe taxes the government can deny you a passport? I never heard that one.
ANSWER: Oh yes. This has been in place for several years. The Wall Street Journal just reported that “at least 362,000” Americans will be unable to renew their passports because of back tax bills. They can take your homes, garnish your wages, and deny you the right to leave the country. Effectively, the IRS can actually starve you to death with all the rules they have and nobody on the other end will ever be there to look at the combined damage.
Judgment creditors can garnish your wages in order to collect the judgment up to a maximum of 25% of your disposable income. However, creditors of a few types of debts such as back taxes, child support, and student loans, can garnish your paycheck without a judgment. In other words, you have no right to actually contest this in a court of law. They can just garnish your wages on a whim or even on a mistake, placing the burden on you to argue with them.
The U.S. Department of Education or anyone collecting on its behalf can garnish up to 15% of your disposable income to collect on defaulted student loans. These agencies do not have to sue you first and get a judgment in order to garnish, but they must provide you with notice of the garnishment ahead of time. You can thank the Clintons for that one who eliminated the right to even go bankrupt from student loans even if a university charges you for a degree in which you cannot find employment, which today is over 60% of graduates. Universities could care less if you are getting a degree that is actually worth something. They just want the money.
Ever since 1988, child support orders include an automatic wage withholding order, even for child support that is not delinquent. The child support is withheld from your paycheck and your employer sends the money directly to the other parent. If you are required to maintain health insurance coverage for your child, the payment for that will be deducted from your paycheck as well. You can agree with the other parent to pay child support on your own, without resorting to wage withholding. The limit is up to 50% of your disposable earnings that may be garnished to pay child support if you are currently supporting a spouse or a child who isn’t the subject of the order. If you aren’t supporting a spouse or child, up to 60% of your earnings may be taken. An additional 5% may be taken if you are more than 12 weeks in arrears. Federally, child support payments and not considered taxable income. However, child support payments are also not deductible by the payer.
Taxing authorities, on the other hand, have their own limits for wage garnishment which is very subjective. The IRS bases the amount on how many dependents you have and your standard deduction amount. State taxing authorities may have their own formulas and they are all different. The IRS will send you a notice before it begins garnishing, but it does not have to get a judgment before doing so. They can take your funds BEFORE and you may not be able to afford a lawyer to help
Armstrong Economics Blog/Civil Unrest
Re-Posted Jul 9, 2018 by Martin Armstrong
The American Embassy personnel in Haiti are still under an order to take shelter and remain in place. They have been instructed: “Do not attempt to travel at this time.” Riots began on Friday in Haiti and have continued for three days when the government, instructed by the IMF to reduce government subsidies for fuel, resulting in a rise in prices on gasoline, diesel, and kerosene. The prices virtually doubled. While Haitian officials said they would increase social services spending and improve infrastructure, they are also directed to enforce collecting taxes. The IMF has directed many countries to engage in the hunt for taxes because deficits are rising. There is no long-term solution here for a simple exercise of math demonstrates that as increases rise, the interest rate cost of rolling the debt will crowd out all other spending forcing taxes to rise exponentially over the next decade.
The civil unrest has turned to set up flaming roadblocks, bringing travel around the city to an absolute halt, and looters are raiding stores and supermarkets just taking everything they can carry. Others have targeted hotels and businesses to just rob whatever they can find. Haiti is not unaccustomed to such riots. They tore the capital apart just back in September 2017 over politics. There were riots over food back in 2008 and were even attacking UN personnel
Armstrong Economics Blog/The Hunt for Taxes
Re-Posted Jul 6, 2018 by Martin Armstrong
If there is a possible scam, someone will always figure it out. In Australia, they hunt money with unbelievable audacity and hand out tickets to motorists for everything. Someone has figured out a way to beat the government at its own game. They are cloning valid license plates and then racking up the fines. A BMW owner got a ticket for speeding while his car was parked in the driveway. When he looked closely, he discovered the ticket was for speeding 1,000 miles away from his home. The scammers figured out a brilliant way to beat the cameras. Just clone a license plate and you can speed and go through all the tolls absolutely free.
Armstrong Economics Blog/Corruption
RE-Posted Jul 4, 2018 by Martin Armstrong
The Supreme Court’s decision to allow every state to tax the internet is complete insanity. Sources in Illinois are warning that the state is bankrupt and it now intends to wage an all-out assault upon the internet. They may, in the end, simply force many small companies to REFUSE to do business with anyone who lives in Illinois. From a business perspective, all you get are costs. They do not pay you to collect their taxes, and in the end, they subject you to huge fines, penalties, and prison for a job that amounts to indentured servitude. Where are the class action lawyers to make that argument? On top of that, if a policeman from New Jersey has NO JURISDICTION to arrest someone in another state, then how can the state impose forced employment on persons from other states? Constitutionally they cannot!!!!!!!!!!!!!!!!!!! They also violate the Commerce Clause.
Expect California to be next. We are looking at the real destruction of the economy. What if every nation then follows the same design because everyone is going broke trying to cover their own pensions? So to sell anything on the internet you suddenly have to file papers even stating you sold nothing in 50 states inside the USA. Using the same legal principles, then at the United Nations, the member states are 193 in total. Would a small business then have to file also in 193 countries and then state and provinces within each stating they DID NOT conduct business in their jurisdiction or go to prison?
If you asked how the West could collapse and everything move to China, the Supreme Court just delivered the means to accomplish that result. The problem is that Congress could overrule that, but they will not because they are NOT the representatives of the people. They represent the government. Someone MUST create a petition to Donald Trump directly. He would at least understand the problem.
Illinois should either dissolve itself or go bankrupt to end the pensions they cannot renegotiate.
Armstrong Economics Blog/Corruption
Re-Posted Jul 3, 2018 by Martin Armstrong
I have been warning that there are no rules when it comes to the greed of government. Throughout history, the ideas behind taxes keep popping up is slightly different ways. For example, your freedom to travel can be suspended and your passport revoked if you owe the IRS more than $50,000. In Ancient Rome, it was not uncommon for slaves to be freed after a number of years of service. To freee a slave, however, they also put a tax of the value of the slave freed. No tax = no freedom not unlike the IRS rule.
I have warned that cryptocurrencies would be subject to the whims of government and they can simply declare them illegal. Well, if you didn’t believe me, you have the crazy EU laws imposed on emails in Europe which can wipe out your company on a whim. Now, the Uganda government began on July 1st shutting down the internet blocking social media which included services like WhatsApp, Twitter, Facebook and Skype just to mention a few. These social media apps were all made inaccessible overnight. Governments can shut down cryptocurrencies in the blink of an eye if there is money to be had. The reason for taking these actions are really bogus. The President Museveni claimed that idle talk on social media was costing the country vast amounts of money because the young are communicating instead of working when they wopuld be producing more tax revenue
The BBC’s condescending Emily Maitlis demands support for the European Union and challenges the sovereign authority of Hungary to self-determination. Hungarian Foreign Minister Péter Szijjártó was having none of that nonsense, and pushed back against little Miss feelings.
This occurs on the heels of Italy rebuking the EU immigration platform; and a weakened German Chancellor Angela Merkel having to beg political allies in Bavaria for support:
BERLIN (Reuters) – German Chancellor Angela Merkel’s political future rests in the hands of the Christian Social Union (CSU) on Sunday, when the Bavarian party’s leadership meets to decide whether to accept migration deals she brought back from Brussels.
Nine months after elections that saw her lose votes to the far right, a weakened Merkel was forced to turn to European Union neighbors to help resolve a conflict with her allies after they rebelled against her immigration policy.
The party’s leader, interior minister Horst Seehofer, threatened to turn migrants back from the Bavarian border, a move that would almost certainly precipitate a government collapse. (read more)
Armstrong Economics Blog/Germany
Re-Posted Jun 29, 2018 by Martin Armstrong
The polls in Germany show that discontent is now rising and 43% of the people want Merkel to resign. She only won 32.8% to begin with. Germany is also shifting and nationalism is rising, which is what the AfD is all about these days. A YouGov survey showed that 43% of Germans now want her to leave office, compared with 42% who want her to remain. The no opinion came in at 15%. Even in her own CDU-CSU coalition, 27% want to see her resign.
The survey demonstrates that the refugee policy Merkel initiated without a European vote is not merely tearing the EU apart, but Germany as well. Italy has warned that the very survival of the EU is at stake over the refugee migration crisis. Meanwhile, Merkel is increasingly in a difficult position as she fights an internal battle with her coalition partner, the Bavarian CSU, over imposing border controls that Merkel believes risks undermining the Schengen free movement zone. But she is the one that invited the refugees to begin with unilaterally.
There was an emergency summit in Brussels in a bid to try and create a “European solution” to the migration crisis. EU leaders gathered for an emergency summit on migration but this was really an attempt to show support for Angela Merkel’s government. The refugee migration crisis has exposed deep divisions in the EU bloc over how to deal with African and Middle Eastern migration consisting of more than 95%+ males and has nothing to do with Syrian refugees from war. They are not even skilled laborers. People who migrated from India even to Britain had to speak the language and have some skill. The USA has similar criteria. This migration goes against all historical precedent. This is just an attempt to help Merkel who has become the real face of Europe worldwide.