The system is rigged and in politics is you are shown pictures of kids you can almost bet it not as presented.
Tag Archives: U.S.
WORLD TURNS ON OBAMA…
Well at least someone has the guts to call Obama out. Good job President Duterte.
Britain to End Freedom on Movement with EU Citizens
Armstrong Economics Blog
Re-Posted Sep 7, 2016 by Martin Armstrong
Prime Minister Theresa May of Britain has made it clear that Britain will not accept retaining the EU free movement of EU citizens after the exit. Even traveling from Brussels to London, before BREXIT, they did not recognize Schengen Agreement for free travel. People fron Eastern Europe with a Shengen visa did not have access to Britain automatically. With the EU ruling that Apple has to pay more taxes that its deal with Ireland, BREXIT is indeed the only way to save Britain.
Within the United States, the member states compete to get companies to set up in their states and routinely off tax breaks to create local jobs. The is precisely what the European Commission is trying to stop in Europe. As they are desperate for taxes, they do not want companies to relocate getting better deals in Ireland or Greece against France and Germany. The entire objective is to create a virtual communist type state with 100% central planning in Brussels and the people have no means of voting whatsoever to alter any policy.
May will continue to try to negotiate for a single market economically, but Europe is dying rapidly. The bureaucrats are desperate to control everything to retain their jobs and purpose. They are destroying the future of Europe no less the very core of a capitalist system of a free market.
WHY 2017 is The Threshold to Chaos
Armstrong Economics Blog
Re-Posted Sep 7, 2016 by Martin Armstrong
I have been warning that 2017 was the Year of Political Hell with four major referendums/elections that would undermine the confidence in government – BREXIT, US Presidential Elections, French Elections, and Germany Elections. These four events hold the potential to overturn the expectations of the future. Whatever the general public felt about government would flip. The key to a shift from Public confidence to Private lies within the scope of these four elections. This is what our computer has been forecasting – political instability on the rise. This is the age of anti-establishment (3rd party) rising globally.
However, I have also warned that Social Security and Medicare go NEGATIVE next year in the United States, which of course mainstream media is not bothering to report for fear that would add fuel to the bonfire of political corruption. But what is also not explained by mainstream media, is that Obamacare is crumbling from within. The entire structural design of Obamacare was the perpetual Ponzi Scheme they used for Social Security.
The theory behind Obamacare was to force the youth to buy health insurance and since they rarely need it as a group, they would be paying-in more than they received. Thus, the idea would be Obamacare would exploit the youth to pay for those who could not afford healthcare because of preconditions. The theory failed because the youth did not buy the insurance.
For tax year 2015, the penalty for not buying healthcare was 2% of your total household adjusted gross income, or $325 per adult and $162.50 per child, to a maximum of $975.
For tax year 2016, the penalty jumped to 2.5% of your total household adjusted gross income, or $695 per adult and $347.50 per child, to a maximum of $2,085.
The penalties are still less than insurance, which is often charged at $300 per month+. Even at $695, this is less than $58 per month, which is impossible to find health insurance that cheap. Because the scheme has utterly failed, insurers are abandoning Obamacare. There was not a significant enrollment among the youth they could charge premiums to with no expense so they really saw more money go out than in. The Kaiser Family Foundation issued a study on Obamacare, which reveal it is collapsing by its own weight. They noted: “the number of counties with a single marketplace insurer is likely to increase, from 225 (7% of counties) in 2016 to 974 (31% of counties) in 2017.”
Indeed, UnitedHealthcare left most of the 34 state markets and Aetna is following. The Guardian reported that Obamacare is nearing collapse. The entire structure was based upon the same scheme as Social Security that has been predicated upon exploiting one generation for the next. But with rising unemployment among the youth, and more than 30% of the youth remain living with their parents into their thirties now combined with the collapse in birth rates, this entire scheme is just a scheme that is unsustainable.
Come 2017, we are likely to see Obamacare also collapse. Of course, if Hillary is in, that means higher taxes to try to keep it afloat since the Democrats will never admit a mistake of this magnitude. The only way to deal with the heathcare crisis is to STOP subsidizing healthcare. If the government simply passed a law that hospitals will receive a flat fee per type of care and prohibit charging anything more to the individual, then we will see some competition for the first time. Hospitals have been trying to put private practices out of business as well. The entire scheme has been to run healthcare as a giant corporate entity eliminating choice and with not restraint on fees.
The healthcare business has been the ONLY industry, aside from politicians in Washington, who are not subject to the business cycle. Government also needs to stop the lawsuits that are driving up costs insanely by also capping award per injury on a flat basis. But to get that type of reform we have to clean-house in Washington since 45% of public officials are lawyers compared to just 6% of the work force are lawyers. Hence, the legal profession is disproportionately represented and prevent tort reform since that is their bread & butter.
So buckle up. The whole house of cards is starting to come down. Hello – Phase Transition! Confidence is always the key.
Le Pen vows to hold French referendum on Leaving EU – FREXIT
Armstrong Economics Blog
Re-Posted Sep 7, 2016 by Martin Armstrong
Hollande is running only around a 10% approval rating. Merkel’s CDU came in third place in her home state. Things are a moving and shaking as they say in Europe. Indeed, get ready for 2017 will be the tipping point in markets as a whole. The refugee crisis has indeed changed the face of Europe and introduced terrorism on a much wider scale. Both Hollande and Merkel cannot possibly admit that the refugee crisis has pushed Europe off the edge. Terrorism has engulfed Europe and these two leaders will not admit their contribution to this situation. So there is no question that these two leaders must go to simply change the course of the future.
We have to understand, the justification for creating the Euro came out of Hollande’s own mouth – it was to prevent war with Germany. As always, politicians are fighting the last war. They remain blind to the fact that this time, a European war will not be led by Germany trying to take over Europe. They real threat is internal unrest and civil war created by the failed attempt to federalize Europe and force one culture upon everyone. Additionally, it is the hidden rise of the idea of a religious war and the resurrecting of the Ottoman Empire is a different form. This is not shared by the Islamic people, just some leaders who view power as did Hitler, Napoleon, and the rising civil unrest against the old Austrian-Hungary Empire, which was the seat of the old Holy Roman Empire. The common answer is that the immediate cause of World War I was the assassination of Franz Ferdinand, the archduke. His assassin was Gavrilo Princip – a Serbian nationalist with ties to the secretive military group known as the Black Hand, which was a Christian based group who supported independence.
France’s National Front party leader, Marine Le Pen, has now vowed over the weekend to hold a referendum on whether France should stay or should it go with respect to the European Union if she wins the 2017 presidential election. Marine Le Pen has positioned herself as the sole credible defender of law and order and national unity. She has said that the best way to combat terrorism was the ballot paper to change leadership. Reuters has reported that she said: “This referendum on France belonging to the European Union, I will do it. Yes it is possible to change things. Look at the Brits, they chose their destiny, they chose independence … We can again be a free, proud and independent people.”
The National Front is a eurosceptic organization which has been boosted by the BREXIT vote. Marine Le Pen is portrayed as far-right because she has advocated her country should come first. However, the absurd policies of Brussels in attempting to fulfill the dream of becoming the United States of Europe, was carried out denying at every possible turn any democratic process. They had this idea of one government would prevent war, but that was also the dream of Hitler and Napoleon. They have tried to mimic the United States but failed to comprehend what made America work. It was a single language, not a single currency. Once everyone spoke the same language, then Sottish married Italians and Germans married Irish. Such combination in Europe are rare. The politicians have been so far off the mark, it is now endangering all of Europe and the world.
Philippines leader calls Obama ‘son of a b****,’ rejects lecturing from US on human rights
Well is was right after all … lol
Erdogan – The Rising Threat to World Stability?
Armstrong Economics Blog
Re-Posted Sep 6, 2016 by Martin Armstrong
President Erdogan of Turkey is clearly on a mission to raise Turkey to the old level of power such as the Ottoman Empire. As a member of NATO, he is doing really everything to undermine that position playing one side against the other. He has sold off more than 50% of central bank reserves held in US government bonds. This is clearly a political move for one always moves their assets in advance of an action.
At the G20 summit in the eastern Chinese city of Hangzhou, Russian Economy Minister Alexei Ulyukaev said on Sunday President Vladimir Putin and his Turkish counterpart Tayyip Erdogan had agreed to form a joint investment fund between their two countries. The two leaders met on the sidelines on Saturday.
They are now in agreement to form a Russian-Turkish investment fund. Erdogan made the necessary legislative changes to create a corresponding partner for direct investment Turkish sovereign wealth fund.
It has been Erdogan who has allowed the majority of “refugees” to pass through Turkey to Greece. Then he has demanded €3 billion euro to stop the flow of refugees. The coup appears to have been stages. The claimed rebels had two fighter jets and could have kill him a will as he was flying and they had him in their sights. Why did they not shoot? He then used created a cemetery for those he killed and call traitors claiming that cemeteries refused to allow them to be buried. Erdogan created a cemetery to keep his hero status image by dishonoring coup members not allowing them to be buried with their family plots. Keep your eye on Erdogan.
EU Demands Apple Pay 13.5 billion Euros because they got a cheap deal in Ireland
Armstrong Economics Blog
Re-Posted Sep 6, 2016 by Martin Armstrong
QUESTION: Marty; Is the ruling that Apple has to pay 13 billion euros only going to drive American and foreign companies out of the EU?
Thank you so much for this global perspective
SK
ANSWER: Absolutely. This is not saying that Apple cheated Ireland, this is saying that Ireland gave Apple a low tax status to attract business to create jobs. This is saying had Apple gone to another EU member state, they would have paid more in tax. The EU Commission is now trying to impose taxes on anyone who paid less tax than the highest in the Eurozone. They are absolutely brain-dead. Any company should now look to actually move to and stay out of Ireland and Scotland since they want to remain inside the EU. It will be far better to simply pay tariffs than to subject yourself to their complete insanity. The EU will retroactively tax you because of changes in their current desperate needs. It is time to leave.
Green Beret Warns: “World Governments Are Preparing For Disaster And War”
Democrats start wars to cover their failed economic policies!
IMF Concedes Central Banks Are Doomed
Armstrong Economics Blog
Re-Posted Sep 5, 2016 by Martin Armstrong
The International Monetary Fund (IMF) has warned at the G20 summit in Hangzhou, China, that in the face of crises, the refusal to reform how things are functioning will lead to economic weakness in the global economy. “The latest data show subdued activity, less growth in trade and a very low inflation, suggesting an even weaker global economic growth this year,” the IMF told G20 leaders.
Indeed, we are looking at 2016 coming in as the fifth consecutive year in which global growth will be below the average of 3.7% which prevailed between 1990 and 2007. The IMF said: “Without strong political countermeasures the world could suffer a disappointing growth” for several years to come. Christine Lagarde told world leaders: “Even in the longer term the outlook remains disappointing.”
A number of people are asking if we are advising the IMF both in front of the curtain or behind. I have meet with former IMF board members as well as people pulling triggers in some central banks. But we have no arrangement to advise the IMF. If their forecasts are starting to reflect ours, it is curious, I admit. They may be looking at things using our lenses. But I have never met Lagarde and I do not advise the IMF. True, they may be looking at the Economic Confidence Model. Many countries do. There is no formal arrangement whatsoever.
As demands rise concerning social inequalities in many countries, this tends historically to only lead toward more regulation and protectionism. In the end, this is the expected knee-jerk reaction from politicians and in the end it only created a negative downward spiral to the detriment of free trade. The hunt for taxes and the sharing of all information to beginning among G20 members January 1st, 2017, will also lead to less investment. The EU decision to retroactively change the tax code of Ireland and the Apple deal, is a death-blow to the global economy.
Structural reforms are vital at this point to prevent a real economic depression on a global scale. In countries with still weak demand, the IMF is advocating monetary and fiscal policy should intervene more to promote growth. But bureaucrats are far too disconnected from the economy to ever manage things correctly. They historically attempt to force their will upon the markets and that has always resulted in disaster.
In regions where the monetary policy has been exhausted with negative interest rates having only a negative impact economically, only changes to the fiscal policy are even remotely possible to soften the hard landing we are headed into. The formula of simply creating temporary jobs with additional public investment building roads and bridges, are never sustainable and have never reversed the economic decline. On April 8th, 1935, Congress voted to approve the Works Progress Administration (WPA), a central part of President Franklin D. Roosevelt’s “New Deal.” The US share market rebound, but this was due to the dollar devaluation in 1934 following the bank holiday in 1933. The WPA kept hiring people reaching its peak in 1938 of over 3 million. The primary restriction was one person per family. Despite the claims, the WPA was a failure for there was no evidence whatsoever that it ended the Great Depression. It did provide relief and helped families make the transition from agriculture to skilled labor. So from the standpoint of retraining people, it did provide a foundation to build upon. However, such programs that fail to help people make such a transition within the work force are worthless in reversing an economic downtrend. In fact, if taxation is raised as a result, then it merely robs the right pocket to put some one in the left. That never provides economic growth no less stimulus.
The economic warning signs of a major slowdown in growth are appearing now on a global perspective from China and Japan to North American and Europe. The sharp decline in trade was reflected in the world’s seventh largest container shipping company Hanjin which declared bankruptcy in South Korea. Hanjin is the first prominent victim of the downturn in international maritime trade. There is little doubt that this is the canary in the coal mine providing a clear visible sign of a new economic Depression is looming on the horizon.
The sun is settling. It may appear to be rather beautiful. It is always the prettiest before nightfall.
Centinel2012 