Tag Archives: Turkey
France & the Uprising
Armstrong Economics Blog/Civil Unrest
Re-Posted Nov 28, 2019 by Martin Armstrong
QUESTION: Would you say that the majority of French are becoming anti-Islam?
GSD
ANSWER: No, of course not. The blackout of such protests does make it hard to gauge to what extend the French are rising up in protest. Then again, the standard rule of thumb is for every protester there are 10 who stayed at home.
The point is not to imply that the majority feel in that manner. The point is obviously that this is a rising trend or the government would not try to block media attention. So if it were just a fringe group, news of that would not be blocked for that does not reflect any meaningful segment of society.
No matter what country you look at, there are always people on both sides of the issue. Here is a note issued by Georgia that was backed by assets confiscated from people who had supported the king during the American Revolution. There is NEVER any such protest or revolution where 100% of the people are on one particular side. There will always be dissent and support of governments. You have the right to pick your side, although you may not have the right to publicly express your opinion.
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.
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.
France Blocks Reports of Protests Against Muslim Population
There is a rising discontent in France, which has the largest Muslim population in Europe. Many French see their language and culture as being suppressed by the politically correct government of Macron. The entire refugee invasion begun unilaterally by Merkel of Germany has changed the shape of Europe drastically. The French government prohibited the reporting of protests in France, calling them racist, despite the fact that Muslim is not a race any more than Christianity. Oh, how people love to throw that label around. They called Trump racist because of his wall with Mexico, despite the fact that Mexican is not a race any more than being American or French. This is simply a tactic to dehumanize the opponent and instantly label these people as evil.
The Repo Crisis
Armstrong Economics Blog/Reports and DVDs
Re-Posted Nov 19, 2019 by Martin Armstrong
QUESTION: Marty; The goldbugs are back and claiming the Repo Crisis is MMT and this is again just printing money endlessly to cover up a major banking crisis in the USA so buy gold of course. You said at the WEC cocktail party this would happen because these people never understand the world economy. Is this because they are so fixated on the dollar crash to make gold viable?
Thanks for a great WEC. It was your best ever!
HN
ANSWER: Of course, they will call this Quantitative Easing and Modern Monetary Theory. They are biased and in favor of gold, which makes them incapable of being real analysts. First, you must establish a base method of inquiry which cannot begin with a predetermined conclusion that all paper money is evil and gold is the only real money. Because they begin with this PRESUMPTION, they only look at things to support that predetermined outcome. They fail to provide the reason or support their proposition with historical evidence. They never provide any collective investigation that would put their expectations in question.
The Fed is NOT engaging in QE nor is it engaging in MMT. The Fed is standing in the middle because banks do not trust banks. The crisis is by NO MEANS in the United States. They also fail to grasp why the dollar is the world’s reserve currency, the hoarding of dollars globally, or what this crisis is even about. They interpret any increase in the quantity of money as inflationary. We have had more than 10 years of QE in Japan and Europe with no inflation, which proves their theory is WRONG. They will never address that reality and instead constantly argue gold will rally with QE.
I will do a special report on the Repo Crisis because it just seems people are using this crisis to sell nonsense and outright bullshit. They are so far off the mark about the cause of this crisis, as always, and it would be funny if they were not misleading people into risking their entire life savings. The banks won’t talk to each other and the central banks are living in absolute terror that the truth will come out and the world will just go nuts.
I always seem to be in the middle of every crisis. Not sure how this happens. I get calls asking me what have I heard because nobody will talk among themselves but somehow they come to me to ask what I have heard. I am writing the report now because it just seems imperative to explain the real cause that the press will never print. Nobody will talk and the central banks cannot dare utter a single word about the source of the crisis for fear of creating a political crisis. Even the heads of states are being left in the dark. Trump has called for negative interest rates because he does not understand the crisis because nobody is talking. All they can do is pray at the foot of their bed every night to PLEASE let this crisis pass. Sorry, your prayers will not be heard.
Germany to Separate North v South by 2030
Armstrong Economics Blog/ECM
Re-Posted Nov 18, 2019 by Martin Armstrong
QUESTION:
Martin,
Following the recent State elections in Saxony, Brandenburg and Thuringia which reflected voter disillusionment and discontent with the CDU and SPD how do you view the German political scene to the 2021 Federal election?
JR
REPLY: Bavaria came into existence in 1806 when Napoleon abolished the Holy Roman Empire. It was at this time that Bavaria’s land area was greatly expanded. Our cyclical model on Bavaria suggests that it will separate from northern Germany by 2030. This will be inspired by the austerity policies that have devastated the local economy. However, this will only be augmented by the difference in religion between Protestant v Catholic. That was also a factor in why Bavaria joined with Austria, which was also Catholic, in the Austro-Prussian War that resulted in Bavaria’s defeat in 1866. Bavaria had to cede several Lower Franconian districts to Prussia.
The Bavarian conservative party, the CSU, lost its absolute majority once the Economic Confidence Model turned in 2017 during the subsequent election in 2018. Meanwhile, the Greens emerged as the second-largest political force in southern Germany. Additionally, the Eurozone sovereign debt crisis is impacting the municipal level and the austerity policies imposed by the north continue to brew civil discontent. The loss of the CSU in Germany undermined the survivability of Merkel which instigated her demise.
The civil unrest will turn upward sharply when this current wave concludes 2021.32. The eventual separation of Germany will most likely unfold by 2030 at the earliest.
The Coming British Elections
Armstrong Economics Blog/BRITAIN
Re-Posted Nov 15, 2019 by Martin Armstrong
QUESTION: I know you were rather close to Sir Alan and Prime Minister Thatcher. I also know you are close to a number of politicians here in Britain. I was at your Edinburgh conference where they introduced you as a seventh-generation Edinburgh Scotsman I found very interesting rather than an American. You are famous here in political circles for many forecasts with the latest being the BREXIT victory. Do you have any insight into the December election? It is getting crazy here with two former Labour MPs declaring that they planned to vote for the Conservative Party because they said Labour’s leader, Jeremy Corbyn, was unfit to be prime minister. Then Tom Watson quit because of Corbyn’s policies over Brexit and his anti-Semitism. But the Conservatives seem to be less reliable as well. I think Nigel Farage may surprise a lot of people in this election. What does Socrates say?
GB
ANSWER: That is an interesting question. It is hard to map because of such a diverse breakdown in the “other” category. There is no question that Nigel’s party came out on top in the EU general elections. As we can see from the chart at the top, both Labour and the Conservatives are declining and there is a rise in both the Liberal Dems and “other” against the establishment so to speak. This is part of the global trend many outside the USA call the Trump Revolution. They are not referring to something that Trump did himself. Instead, this is a global trend against established political parties everywhere.
My advice to Johnson would be to cut a deal with Nigel’s Brexit Party. There is a trend underway that is bigger than most suspect. I know Nigel has no designs on being Prime Minister. However, fate will determine the roll of the dice. Nigel may end up in a position he did not wish to be in.
We will try to refine the models to do a proper forecast. Keep in mind that the “other” category is due for a strong showing and this will most likely be Nigel’s party. Also keep in mind that his Brexit Party does not hold any seats in Parliament at this time. That will change.
Bolivia’s Ex-President Flees to Mexico
Armstrong Economics Blog/South America
Re-Posted Nov 15, 2019 by Martin Armstrong
Our model has been accurately forecasting the rise in civil unrest against governmental corruption on a worldwide basis. In Bolivia, ex-President Morales has fled to exile in Mexico. Previously, he was overthrown by the military under the pretext of electoral fraud. The country is drifting into political chaos. Bolivia happens to be home to the state-owned lithium industry, which is critical to driving electrical power by the global warming crowd. Bolivia has had a history of revolutions since 1781. The previous was 1949.
British Labour Party – The Greatest Threat to Britain
Armstrong Economics Blog/BRITAIN
Re-Posted Nov 13, 2019 by Martin Armstrong
There is absolutely no question that Jeremy Corbyn and the Labour Party poses a greatest threat to Britain than Brexit. Corbyn said, “Nurses, teachers, shop workers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses.” What he fails to consider is that the solution is not to raise taxes on CEOs, the solution is to reduce government. Even if they seized 100% of CEO salaries, it would not pay the expenses for a single day. But they love to point to some individual rich person and make it sound like all will be well if they just seize his money.
Socialism is dead. Before income taxes pre-World War II, the wife could stay home and raise the children. Today, that is not a possibility for most people. It takes two salaries to pay for the very same living standard pre-World War II. The more government pretends to do something, the greater the cost of government becomes. Every time they introduce some new tax, they hire more people and create more regulations for that specific tax. It is simply an endless process where now about 40% of the civil workforce is dependent upon government, which means they do not produce anything that contributes to the GDP of a nation.
Corbyn has boasted that the Labour Party is a threat to the rich. All he will do is send a massive migration from Britain. We have already been getting questions about moving companies and their domicile to the USA, as has been taking place even with major public companies in Canada
Centinel2012 