Tag Archives: Writs of Assistance

Aug 29 2024

The First Soveregn Default of the United States on the Military


Posted originally on Aug 29, 2024 By Martin Armstrong 

Twain Father

QUESTION: I had an argument with my son that what they teach in school is never the truth, not even about history. I was trying to find that writing you did years ago that the GI Bill was enacted only because they defaulted on the soldiers twice before. If I remember correctly, I think you said Congress fled Philadelphia because of a riot by the soldiers from the Revolution that they also defaulted on as they did with the debts from the Continental Congress. My son said he never heard such a story and called it a conspiracy theory. We seem to be drifting further apart. We cannot agree on much of anything these days.

I guess Mark Twain’s comment about his father is still valid. It reminds me of that song in The Living Years. Perhaps we are in this endless generational war. Is this part of 2032?

Paul

https://youtube.com/watch?v=5hr64MxYpgk%3Ffeature%3Doembed

ANSWER: Yes, Paul. It seems that these times are even dividing families. From the emails I get, I see that this is not unique. It appears to have begun with COVID. I had dinner with a friend who said his sister is in California and they have not spoken in years. My old partner Jack King, out of the blue, turned to me and said if he died, make sure his children got nothing and protect his second wife. Another two friends also no longer talk to their kids. Perhaps this is just part of the cycle going into 2032. We are witnessing that publicly with RFK as well.

My father wanted me to be a lawyer, but I did not want to follow that path. But when he was on his deathbed, we settled our differences with respect, and I am thankful for that. He was proud of me but would say that only to friends. Likewise, I always respected my father and what he taught me. I guess I had not told him how much I was also proud of him. At least we came to that understanding before he died. I guess those days of pride and respect are old-fashioned ideas in these days of chaos and uncertainty.

Perhaps your son respects you but cannot get the guts to tell you. Hopefully, he will come to see that what they teach in school is never the full story. There are no courses that connect all the dots. The only thing I regret is that the family name will die with me, although I am Martin VII. I have no heir to carry the name, so I guess that also dies in 2032. A neighbor is in his early 70s. He married someone in their 30s, and they are a great match. His wife is having twins. I am very happy for him since he is estranged from his prior children.

Continental60 1779
Debts_and_Engagements_Clause

Turning to your question about defaulting on the military, you remembered correctly. As I pointed out, the new United States defaulted on ALL debts of the previous Continental Congress despite Article VI expressly stating in the Constitution that they would honor those debts. When George Washington became the first US president in 1789, the capital city of the United States was New York. Then, in 1792, he was re-elected for his second term. However, the capital district had moved to Philadelphia. They may teach that Philadelphia was the capital for ten years. Yet, before becoming the capital, Philadelphia had been the home to Congress. That is where even the Declaration of Independence was signed. But there is a lot more to it than just that.

Philadelphia Independence Hall

What they do NOT teach in school because it would taint the image of the government. Congress fled Philadelphia much like the Senate of Rome fled when Julius Caesar crossed the Rubicon, and the people did not support the Senate but cheered Caesar. The unspoken history is that in 1783, there was an uprising of the military against Congress, who refused to pay what they owed them. They called it the Pennsylvania Mutiny that chased Congress out of Philadelphia.

Dickinson John 1776

The Pennsylvania Mutiny of 1783 was an anti-government uprising over a sovereign default/debt crisis, not unlike Caesar crossing the Rubicon—nearly 400 soldiers of the Continental Army stormed Congress on June 17th, 1783. The mutiny and the refusal of the Executive Council of Pennsylvania to stop it was very significant. If you watched that series, I recommended the Sons of Liberty. The one man who walked out and refused to sign the Declaration of Independence was John Dickinson, who just so happened to be the President of the Executive Council of Pennsylvania and refused to act. I believe he was against the entire Revolution and supported the King. When Congress refused to honor the debts owed to the soldiers, curiously, Dickinson sought revenge and stood down, allowing the troops to go after Congress.

1781 Mutiny_of_the_Pennsylvania_Line

From March 1781, Congress shared the Pennsylvania State House (now known as Independence Hall) with the Supreme Executive Council of the Commonwealth of Pennsylvania. Under the authority of the Articles of Confederation, Congress did not have direct control over the military, except in times of war, and was largely reliant on state militias to enforce laws and keep order. There had been a previous uprising called the Mutiny of the Pennsylvania Line that occurred in January 1781. The soldiers had legitimate grievances since they were not paid in almost a year.

1783 Mutiny Phil Gazet

The Continental Army soldiers stationed in Philadelphia sent a message on June 17th, 1783, demanding payment as contractually required for their service during the American Revolutionary War. Congress had refused to pay the army. The soldiers, in response, threatened to take action that day if their complaints were not addressed. Congress just ignored them, calling their bluff. The soldiers did not act on their threat. However, two days later, Congress received word that about 80 soldiers had left their post at Lancaster, Pennsylvania, about 60 miles outside of Philadelphia. They joined the soldiers stationed in Philadelphia. Now, the group was nearly 500 men. They seized control of all weapons and stores and munition depot.

Hamilton 2

Now, three days after their initial demand on the morning of June 20th, the State House was mobbed by a huge number of soldiers demanding payment. The soldiers blocked the door and initially refused to allow the delegates to leave. Alexander Hamilton (1757-1804), who at the time was a delegate from New York, stepped forward to persuade the soldiers to allow Congress to meet later to address their concerns. The soldiers yielded, allowing the members of Congress to adjourn that afternoon peacefully. However, Hamilton then called a small Congressional committee that night in secret to draft a message to John Dickinson, the President of the Executive Council of Pennsylvania. They asked him to protect Congress from the mutineers since they had no military. Hamilton had no intention of paying them. The letter threatened Dickinson that Congress would be forced to move elsewhere if Dickinson did not act.

Nassau_hall_Princeton NJ

The next day, June 21st, 1783, the Congress met again at the State House with members of the Pennsylvania Executive Council, including John Dickinson. The members of Congress petitioned Dickinson to protect the federal government. Dickinson said he would talk with the militia commanders and reply to Congress the next day. Dickinson, who walked out of the convention and refused to sign the Declaration of Independence, refused Congress’s request to protect them. The members of Congress then realized that perhaps Dickinson wanted the Congress to be wiped out. Congress fled Philadelphia and moved north to Nassau Hall in Princeton, New Jersey, which became the next capital of the United States.

Howe Heath

George Washington, learning about the mutiny in Philadelphia on June 24th, ordered 1,500 troops under the joint command of Major General Robert Howe and Major General William Heath to suppress the mutiny. Some of the mutineers were finally arrested. Congress then called an investigation into the event from a position of safety in Princeton, New Jersey.

Some have argued that John Dickinson did not act because he was uncertain that the local militiamen would comply and protect Congress from their fellow soldiers. Yet, many suspected Dickinson’s loyalties since he had been an officer in the militia and supported the soldiers’ actions. Some also believed that since Dickinson refused to sign the Declaration of Independence, he was anti-federalist and against the entire Revolution. Dickinson’s refusal to comply with Congress’s request to bring full military action against the soldiers caused some hesitancy regarding Dickinson.

Congress then moved from Princeton, New Jersey, in early November 1783, transferred to the next capital, Annapolis, Maryland, and then back to Trenton, New Jersey, in November 1784. Finally, Congress then moved again to New York City in January 1785. It was not until the Constitutional Convention in 1787 that the delegates decided to meet again in Philadelphia. Many assumed that Pennsylvania failed to protect Congress in 1783 due to Dickinson. This incident led many to insist that the federal government should have a separate location for its own security. Washington, DC, was a compromise between the North and the South. Jefferson agreed to support Hamilton’s idea of a national debt if the capital was to be removed to the middle of the colonies with land donated by Maryland and Virginia.

At the Constitutional Convention, the delegates agreed on Article I, Section 8, giving Congress the power “to exercise exclusive legislation in all cases whatsoever, over such District (not exceeding ten miles square) as may, by cession of particular states, and the acceptance of Congress, become the seat of the government of the United States.”

Robert Morris North American Land Company

After the Constitution was ratified by the colonies/states in 1788, the delegates agreed to keep New York City as the temporary federal capital. 1790, Congress passed the Residence Act, which created the District of Columbia. Robert Morris (1734–1806), a major funder of the Revolution, convinced Congress to return to Philadelphia while Washington, DC, was being built. As a result, the Residence Act declared Philadelphia to be the temporary capital for 10 years. In a final attempt to convince Congress to keep the capital in Philadelphia, the city began constructing a new presidential palace and expanding to Congress Hall. Those efforts failed, no doubt influenced by the failure of Dickinson in 1783. Congress met in Philadelphia for the last time on May 14th, 1800.

Bonus Army of 1932

Herbert Hoover lost the 1932 election largely because he called out the army against the protests of the World War I veterans, the Bonus Army, who were protesting simply to be paid what they had been promised. Just as the 1783 Mutiny over the refusal to honor the promises to veterans, they pulled the same stunt on the World War I veterans. When World War II came, Congress passed the GI Act and this time honored their promises for if they did not, the Neocons could not expand around the world following Korea.

The Freeman’s Journal or The North-American Intelligencer
Philadelphia, Pennsylvania · Wednesday, July 02, 1783

Page 2

The_Freeman_s_Journal_or_The_North_American_Intelligencer_1783_07_02_Page_2
Aug 28 2024

Property Taxes and Taxing You on Unrealized Gains


Posted Aug 28, 2024 By Martin Armstrong 

Deodand

COMMENT: Hello Martin,

they already “tax” the paper increase in property taxes. My tax bill went up 70% in the last two years. All I enjoy is an increases mortgage statement.

I decided to fight it this time and from now on every year. After having looked into how they do come up with new assessments I am mad as hell.

Thank you for the very educational daily posts.

DS

REPLY: You are absolutely correct. This is the lifeblood of state and local governments. It is true that in ancient times, there were taxes based on ownership of property, not income. Our property taxes today, just like Civil Asset Forfeiture laws, have their roots in religious ideas and then feudal obligations owned by British and European kings or landlords.

Wampum belt

In America, taxation only became possible when there was a recognizable monetary system.  From 1643 to 1660, wampum — the shells prized by local Native American tribes — were legal tender in Massachusetts. Throughout the 17th century, in Virginia and North Carolina they used tobacco leaves as commodity money. This lack of a formal monetary system in America promoted the development of colonies by facilitating trade. The British did not approve of these commodity-based monetary systems and ended the practice in 1660.

Civil Asset Forfeiture

The United States Supreme Court in J. W. Goldsmith Jr., Grant Co. v. The United States, 254 U.S. 505 (1922), noted the origins of government forfeiture power in the historical practice of Deodand. The court cited Sir William Blackstone (1723–1780), in his “Commentaries of the Laws of England”, which noted that this practice extended back to the times of Ancient Greece. A Deodand is a thing forfeited or given to God, specifically, in law, an object or instrument that becomes forfeited because it has caused a person’s death.

The English common law of Deodands traces back to the 11th century and was applied, on and off, until Parliament finally abolished it in 1846. Deodand is not practiced in the United States or Canada, yet it has been transformed into the government’s right to seize your property even if you have done NOTHING wrong, for it is the object that commits the offense, not you. Politicians have assumed the role of God, and it is no longer a justification that says you had a horse that suddenly was spooked and took off running and killed someone. The horse was then forfeited to really help pay for the funeral costs of the victim. This has been transformed into civil asset forfeiture.

Property Taxes

In the 14th and 15th centuries, British tax assessors used ownership or occupancy of property to estimate a taxpayer’s ability to pay. With the passage of time, this “occupancy” tax came to be regarded as a tax on the property itself. With this, the tax was justified under this theory of In Rem, which was the same idea under Deodands: the property was some sort of living person. In the United Kingdom, the tax system is developed into a system called “rates” based on the annual (rental) value of property. You rent an office, and the “rate” can be as much as the rental value of the property in the financial sector of the City of London.

NewJersey1787

In 1670, a levy of one-half penny per acre of land was imposed for the support of the colonial government of New Jersey – the colony named after Julius Caesar (Nova Caesaria). In 1682, the establishment of counties led to the property tax becoming the primary source of funding for local government. Then, in 1686, townships in New Jersey were given permission to raise revenues for public improvements. Until the middle of the 19th Century, property taxes were levied on real estate and certain personal property at arbitrary rates within certain limits, referred to as “certainties.” Perhaps that may have been the inspiration for Ben Franklin to say the only two certainties in life are death and taxes.

Pennsylvanis 1775 Jail House Note

The British government expected its American colonies to fund their own administrative governments and participate in defending the empire, including the French-Indian Wars. How each colony accomplished these feats was largely left up to them. Paper money was printed to fund various projects. It was an early form of monetization. Here is an issue of Pennsylvania for constructing a lighthouse that displays a picture of the lighthouse on the reverse side of the notes. The Quakers created the first prison, and the word “Penitentiary” was used because you were sent there to do penance in solitary confinement.

Row-Homes-Phila

The growth of the property tax in America was greatly influenced by this theory of taxing the rich, which began with local government, and this idea of fairness based on class, which gave way to equal taxation of wealth, which was justified by the development of equalitarian ideology, as governments needed to justify taxation.

Property Taxes in Colonial America began with two taxes that altered how people lived. There was the Window Tax that inspired row homes in Colonial America. They imposed a tax on every window you had for the more windows you were disgustingly wealthy. That tax simply became the standard, which was why row homes became the norm in the oldest cities, as illustrated here in Philadelphia. Row Homes eliminated the need for windows on two sides of the house and thus lowered the taxes.

Politicians, realizing that Row Homes was defeating their REVENUE collection, imposed a new tax on steps. You will also see some colonial houses had just one step and others two or three. You were then taxed on the number of steps you had. Hence, the saying “taking a step up in life” had its root in the fact that you were rich because you had more than one step and were taxed at a higher rate.

Taxes have always altered behavior. The higher the taxes in a city, the more people moved to the suburbs in ancient times as they do today. When the Revolutionary War began, the colonies had well-developed tax systems that made war against the British Superpower of the day even thinkable. The tax system varied from colony to colony by this time. There evolved a variety of taxes that went beyond property. Tariffs were levied on goods imported or exported, and Excise Taxes were levied on consumption goods, especially liquor and, of course, English Tea (i.e. Boston Tea Party). Capitation or Poll Taxes were also levied at a fixed rate on all adult males and sometimes on slaves. Property Taxes had expanded into what you might call tariffs on specific enumerated items beyond windows and steps. Faculty Taxes were levied on the faculty or earning capacity of persons following specific trades or having certain skills.

During the war, colonial tax rates increased by at least 700%, taxation became a matter of heated debate, and some led to violent protests. Settlers far from markets complained that taxing land on a per-acre basis was unfair and demanded that property taxation be based on value since all land was not equally productive. In the Southern Colonies, they tended to rely more on the poll tax than on the value of property. In some cases, changes in the tax system caused the wealthy to complain. In New York, they created the Excess Profits Tax, which had been levied on war profits. This is what Kamala is claiming to do to food. New Jersey came up with a tax on intangible personal property as well that was imposed on an arbitrary basis. This intangible property tax, in addition to real estate, was finally abandoned in New Jersey only in 1945. Some states, like Virginia, impose a sales tax when you buy a car and then subject you to an annual property tax on the car based on where you park it.

Jefferson Sig

By the end of the American Revolution, the concept of “equality” articulated in Thomas Jefferson’s draft of the Declaration of Independence was being twisted from political rights to taxation on wealth.

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

Paris Commune 1871

Many began pondering the meaning of “equality,” and the self-interest of those in government justified their greed for more and more revenue, arguing that the term had implications for taxation as well. Governments looked upon the people as economic slaves and often saw little distinction between political equality and the tax system. Governments were adopting discrimination based on class and wealth, which was perhaps the philosophy emerging in the French Revolution, cutting off the heads of the rich. They even went as far as to confiscate the property of the Catholic Church. Unsurprisingly, the idea of communism emerged from the French Commune Movement that surfaced in 1871.

Smith highest impertinance


Constitutionalizing Class Warfare in the Nineteenth Century

To a large extent, Adam Smith’s Wealth of Nations (1723-1790), published in 1776, articulates an important view of the economics of government. In 1796, seven of the fifteen states levied uniform Capitation/Poll Taxes. Twelve states imposed taxes on some or all livestock, taking the idea of all property. Land or Property Taxes were applied in various ways, yet only four states taxed the property by valuation. Looking closely, we see that no state’s Constitution requires taxation to be imposed by value. There is also no evidence that all kinds of property tax rates are uniform.

The very year Karl Marx (1818-1883) was born, Illinois finally adopted the first uniformity clause. This trend began as Missouri followed in 1820, and Tennessee in 1834 required that land be taxed at a uniform amount per acre with a provision that land be taxed according to its value (ad valorem). By the end of the 19th century, 33 states had included uniformity clauses requiring that all property be taxed equally by value, which is where we are today.

Marx v Smith

The ancient Roman governor of a province could become very rich. The province would pay taxes to Rome, but it was left to the discretion of the governor what and how to tax giving rise to the term Tax Farmer. There were two classes of taxes: the tributa, which included the tributum soli (a land tax), and the tributum capitis (a poll tax). The second form of taxation was the vectigalia which consisted of four kinds of tax: the portoria (poll tax), the vicesima hereditatium (inheritance tax), the vicesima liberatis (postage tax for communication), and the centesima rerum venalium (sales tax on auctions). The Roman citizens did not pay taxes directly to Rome but to the province.

Lincoln on Sovereignty


With the American Independence, we ended up with both federal and state taxation much different from ancient Rome. Some southern states imposed taxes on property income since colonial days. The Constitution empowered the federal government to raise taxes at a uniform rate throughout the nation, and required that “direct taxes” be imposed only in proportion to the Census population of each state. Federal income tax was actually first introduced under Abraham Lincoln with the Revenue Act of 1861 to fund the Civil War. It always appears to be a war that increases both debt and taxes. Lincoln actually argued unconstitutionally that states were NOT sovereigns, and with this line of thinking, he imposed an income tax that was renewed in later years and reformed in 1894 in the form of the Wilson-Gorman tariff.

There were legal challenges that argued whether the income tax then in force constituted a “direct tax” that was forbidden by the Constitution. In Springer v. United States 102 U.S. 586 (1881), the Supreme Court upheld the tax regime then in force. Then, in 1894, a new statute was overruled for being an unapportioned direct tax in the case of Pollock v. Farmers’ Loan and Trust Company 157 U.S. 429 (1895), affirmed on rehearing, 158 U.S. 601 (1895). This was the case that had to be overruled by the passage of the 16th Amendment. That was naturally created so States could then charge income taxes in direct violation of the original Founding Fathers since most were taken-in by Marxism.

1913 Income Tax

In response to the passage of the 16th Amendment, proposed in 1909 and made law in 1913, our leftist sympathizing politicians of the time canceled the “apportionment” requirement for income taxes, allowing class warfare. Federal income tax was thereupon reintroduced in the Revenue Act of 1913 with the promise only those disgusting rich people would ever pay INCOME TAXES.

In Brushaber v. Union Pacific Railroad Company, 240 U.S. 1 (1916), the Revenue Act of 1913 was ruled to be constitutional. The 16th Amendment removed the requirement that income taxes be apportioned equally among the states according to population (Article I, Section 9, clause 4 of the U.S. Constitution). The Revenue Act of 1913 imposed income taxes that were not apportioned among the states according to their population. The Court stated: “…there can be no dispute that there was power by virtue of the Amendment during that period to levy the tax, without apportionment.” A separate excise tax was also imposed on corporations.

In United States v. James Daniel Good Real Property, 510 U.S. 43 (1993), the Court explicitly stated: “We have rejected the view that the applicability of one constitutional amendment pre-empts the guarantees of another.” The Court pointed to Soldal v. Cook County, 506 U. S. 56, 70 (1992), where they held that the seizure of property violated both the 4th and 5th Amendments. I believe the income tax is UNCONSTITUTIONAL, for you cannot overrule the restriction on proportional taxation by each member state that was the centerpiece of state rights and the retention of state’s rights in light of the Equal Protection Clause of the 14th Amendment. But in 1913, finding anyone who was not a Marxist-leaning politician or judge was hard. Only with the 1917 Russian Revolution did it become clear where socialism would lead. Although this is a valid legal argument, pressing it in courts will be fruitless, for today, they will NEVER strip the power of taxing individuals for income and threatening prosecution if they do not do as commanded by the Deep State.

Categories:THE HUNT FOR TAXES

Aug 27 2024

Gill: Afghan Pullout Was Intentionally Done Poorly To Make America Look Weak


Posted originally on Rumble By Bannons War Room on: Aug 26, 2024 at 07:30 pm EST

Aug 27 2024

The Truth About The Democrat’s $5 Trillion Tax Increase


Posted originally on Aug 27, 2024 By Martin Armstrong 

socialism.meme_

The Democrats support always raising taxes that amount to robbing people with laws. They NEVER learn that Marxism has failed EVERY single time it has been tried. They do not give a damn about our country, our future, or retaining our culture. They are outright liars when it comes to claiming it is misinformation that people will be subjected to the proposed unrealized capital gains. I place the blame on the socialist Supreme Court when they were pushing the income tax. Suddenly, the Equal Protection Clause magically only applied to race, gender, or religion, not class.

Societies have often been divided by class throughout history. In ancient Rome, only high-ranking citizens were entitled to a jury trial. There were no PRISONS in Rome. Someone who committed a murder was sent to fight in the Colleseum as a gladiator. If they survived 3 years, they retired to be an instructor for two years. After that, even a slave was freed. A high-ranking aristocrat was sent into exile for such crimes.

Tax Rich Politicians Vote For Me

So here we have the Democrats once again pitching their hatred of class and promising that their $5 trillion tax proposals will NEVER impact the middle class – only those disgusting rich people who they hate but accept when they hand them millions of dollars for their anti-American campaigns for exceptions.

1913 Income Tax

They sold the income tax in the same way. Only those vile people who have started businesses and been successful will pay or go to prison. Only people who earned more than $3,000 were supposed to pay income taxes. They know how to bullshit everyone, so they cheer and create class warfare knowing the majority of people believe whatever they say and will never realize that they are played for fools. Eventually, you are their target.

AOC Tax Rich

They want to claim that social media lately deals with taxing unrealized capital gains as misinformation. They insist that Harris’ $5 trillion plan to tax unrealized gains will only apply to $100 million or more. They said the same scheme applied to income tax in 1913. Even if it taxing unrealized gains applied ONLY to those at the $100 million level and up, those people would be forced to sell their shares (1) ahead of the tax or (2) to pay taxes.

Branco He Missed

Guess what! That will create a stock market crash that will impact everyone’s savings and pensions. They don’t want to talk about that. Then, if you had a stock that rose from $100 to $200, you would be taxed on the $100 gain. However, like gambling, you cannot write off your losses. So, the stock fell back to $100, and there was no refund. Kamala will create a Great Depression, and the market will probably crash for 2 years. If they pull off their assassination of Trump next time and rig the election, this will be the end of the bull market.

We do see a major turning point in 2026 on the horizon. A Democratic victory would perhaps turn that into a major low. There is no question that once any unrealized gains tax is passed, it will eventually apply to everything, for we are on the cusp of default. When the government realizes by waging endless wars against both China and Russia that when China dumps all our debt, interest rates will rise, and the budget will explode. They will then expand the tax by mere interpretation under IRS rules.

No Taxation Without Reform

This understandably paints a negative picture of “average Americans” being forced to pay taxes on “paper increases” in their asset values and denied credit for losses. They may not apply that to real estate, but certainly to shares. If they did try to apply that to the average person’s home, that would certainly bring about the Revolution. Are they that stupid? Probably. Then the question is those in the military would probably split between real Americans and imported aliens. It may end up like the Russian revolution of the have-nots vs the haves.

Tax Robbery

The $5 trillion tax hikes proposed by Kamala may be the catalyst that sparks the revolution, just as the Stamp Act in America did in 1765 in the American colonies. They never consider spending less. It is always just getting more from We the People. Kamala Harris’s proposal for a 44.6% tax on capital gains has also claimed to target only the rich. However, it will apply when you sell your home and seek to retire, move, or downsize after the kids are gone. The government will NEVER reduce spending. They need to bribe people to retain their position unless the terminate voting – which they just did in the Democratic Party extinguishing primaries.

Death Taxes

Welcome to the Land of Endless Taxation. When you die, they want 50% of what is left, if not more. Ben Franklin warned that the only two certainties in life were Death and Taxes. My father’s old law partner advised me if I died in New Jersey, tell my family to drag my body across the river before they told anybody – or get out of the state. I moved to Florida. New Jersey now has an EXIT TAX. California now wants to impose an EXIT TAX. You sell your house and do not buy another in New Jersey; they want an exit tax. NEVER do they ever question why people are leaving and reform. Instead, punish the bastards for daring to leave in their version of government –  economic indentured tax servitude. We are all now economic slaves, and if you fail to file telling them what you earned – that is jail time. They don’t imprison you for failure to pay, it is failure to tell them you owe money.

Franklin Taxes
Aug 27 2024

UPDATE: French President Macron Says Arrest of Telegram CEO is Not Political (Yes, it is)


Posted originally on the CTH onAugust 26, 2024 | Sundance

Within the larger Western Intelligence Community and government control system overall, there is always internal communication and coordination amid the primary players (the G7 and G20 crowd).  No government does anything against a major communication player or Big Tech voice without the other governmental leaders having fore knowledge.

The U.S State Dept and Biden administration knew the French government were going to arrest Pavel Durov.  The context and the issues behind the justification are ridiculous.  Is Tim Cook now responsible for criminals who organize bank robberies on Apple iPhones?

(Via Fox News) – French President Emmanuel Macron on Monday claimed that Telegram CEO Pavel Durov’s arrest outside Paris over the weekend was “in no way a political decision.”   The development came after a French magistrate on Sunday extended the 39-year-old Russian-born billionaire’s detention, French daily newspaper Le Monde reported.  

[SOURCE]

[…] The Paris prosecutor’s office said in a statement Monday that the suspected violations include complicity in selling child pornography and in drug trafficking, fraud, abetting organized crime transactions and refusing to share information or documents with investigators when required by law, The Associated Press reported. 

Jean-Michel Bernigaud, secretary general of Ofmin, a French police agency tasked with preventing violence against minors, said Durov’s arrest was related to the platform allegedly not properly moderating content related to child sex crimes.  (read more)

The tech world, Big Tech leaders, internet researchers and every normal person of stable constitution, knows that nothing about those justifications is accurate to the motives of the leftist government in France.  What the government fears most is unregulated information that is averse to their interests.

“Crimes against children”?… Where was this concern when minors were force vaccinated at the behest of the same government entities now decrying “crimes against children.”  This ruse is nonsense.

[Source]

The good news is that I doubt very seriously these insufferable western dictators can break Pavel Durov.  Twitter owner Elon Musk, Edward Snowden, Rumble CEO Chris Pavlovski, Craft Ventures’ David Sacks, META’s Mark Zuckerberg and many more within the Big Tech network have called for the released of Pavel Durov on their social media platforms.

The best thing the average citizen of the West can do is immediately cancel any travel plans to France and use economic power to show Macron that the world values free expression and speech.  Boycott the insufferable French government, because if this effort is successful the chilling impact will ripple out quickly.

Pavel Durov is a big hero in Russia and throughout the EU for his stance on privacy in tech.

Despite Macron’s silly statement about the non-politics of his government targeting, perhaps Elon Musk and President Trump could personally contact Macron and tell him they are 12 hours away from making public statements that will bring big financial hurt to France.

Aug 26 2024

Ep. 3432b – Clouds Rolling In, Darkest Days, Red October, Time To Unite The Country


Posted originally on Rumble By X 22 Report on: Aug 23, 2024 at 7:45 pm EST

Aug 22 2024

Klaus Schwab Warns of “an Era of Shock Events”


Posted originally on Aug 22, 2024 By Martin Armstrong |  

The World Economic Forum (WEF) is a well-funded terrorist organization that is permitted to wreak havoc on the global population with no repercussions. Klaus Schwab and his “forum” have been proclaiming how they will change the lives of the masses for years but everyone turns a blind eye. They told us we will eat bugs, they told us we will own nothings, they’ve been warning of their sinister plans for some time. The WEF infiltrated government cabinets and altered the left side of politics in every single Western nation. The WEF recently released an ominous article, warning that we must prepare for “an era of shock events” in the near future.

Grabbing Power
  1. Power disperses in a post-superpower era

The forum stated years ago that one of its goals was to remove America’s title of global superpower. “Since the pandemic eased, the reality is we haven’t had enduring global leadership on much, and it’s hard to imagine that changing soon. This is partly because superpowers are terribly burdened with global wars and domestic challenges,” the WEF warned. A global government is their proposed solution.

  1. A big election year won’t stop our recurrent crisis of political legitimacy

The WEF warns that “disinformation” is threatening “the biggest election year in history,” hence the need for global censorship both on the streets and online. The forum warns that democracy is declining, largely due to policies it implemented. Civil unrest is rising and the WEF is prepared for the dissent. Furthermore, they already recognize that no one will accept the results of the election. “People have fought back in all political systems, driven by a conviction that there must be a better, more effective way to govern. In most countries, even after their vote, citizens will continue to challenge their leaders, questioning whether they have the capacity to tackle our many post-pandemic risks,” the article notes. In other words, the people have become unruly and are turning on governments. The World Economic Forum is prepared to crush any rebellion before it occurs.

COVID Scare Tactics
  1. A more complex global mental health crisis

Countless studies show that mental health drastically declined among every nation that implemented lockdowns. Two years of 24/7 fear mongering, business and school closures, job losses, and isolation have permanently changed our society. The World Economic Forum now that’s that there is ‘new type of anxiety “leading to a sense of alienation that makes it hard to function and even suicide.” ECO-ANXIETY and AI. Those who believe the claims that the world will end every few years have become ill. The climate change hysteria is wreaking havoc, as intended so that governments can continue to spend on an unidentifiable problem without the masses questioning their perpetual spending. Then we have the claims that 50% of the workforce will be replaced with AI, leaving human being utterly useless and disposable. Again, both of these fears have been orchestrated by the same organization that wants to ease them.

  1. An era of shock events

Perhaps the most ominous piece in this article is Schwab’s promise that the world is on the cusp of “an era of shock events.” Enduring global leadership, democratic ideals, globalization and liberal values have all been notably challenged and superpowers are overstretched,” the forum stated, further adding, “This period of muddling through means anything can happen in our post-pandemic era. Look for global risks to be further exacerbated by unexpected, destabilizing shock events.”

These are the three major shock wave events that the WEF plans to orchestrate:

  1. A new global extremist group emerges
  2. A cyber pandemic – that is intentional
  3. Climate change claims its first island nation in the post-pandemic era

The world will be “distracted with multiple major wars and leadership in decline,” providing the globalist cabal with an opportunity to install a “new extremist group.” The forum believes this group will implement AI in its “new phase of terrorism.” The massive global IT outage in July 2024 led to $5.4 billion in damages. Was that a test? The forum warns that we should expect a “grander scale” of cyber-attacks that will attack BANKS, hospitals, and retailers and lead to a halt in worldwide services. Flights will be impacted and the people will be forced to stay in place.

Last but not least, the forum believes an island nation will soon be lost to climate change. “The COP28 plan to phase out fossil fuels may take decades and it’s unclear if world leaders will follow through,” the cabal notes. They are willing to orchestrate an event that will lead to mass death and destruction. A clear, identifiable tragedy that can be blamed on the changing climate, forcing people to believe that the hysteria surrounding climate change is justifiable. What world leader can question climate change if or when an island nation is lost?

Klaus Schwab’s organization is promising civil unrest, economic collapse, World War III, and the evaporation of a nation. They will use all of the aforementioned fear tactics to drain the people of their power. The globalists are willing to batter the masses with a series of attacks that will act as a staunch warning that there is nowhere to run. The government will come in to save the day from the crises they create. Which government? A global government that is capable of assembling to control the entire human population.

Aug 22 2024

Goodbye California and New York – Wealth Exodus Continues


Posted originally on Aug 21, 2024 By Martin Armstrong

I Hate New York

The exodus from blue states has not waned since the pandemic. Americans are seeking lower taxes, crime, and tyranny as half of our nation descends into utter chaos. A recent poll by SmartAsset found that Americans earning $200,000 or more have been the most eager to flee states like New York and California.

California and New York have lost more high-earners, and therefore higher taxpayers, than any other states. California is the least desirable state with an average outflow of 24,670  high-income households with an adjusted gross income (AGI) of $1.3m. New York is not far behind, with a net outflow of 12,040 high-earning households worth an average AGI of $1.1m.

Leaving California

California is rushing to implement legislation to punish those who dare to leave Newsom’s socialist utopia. I’ve discussed the exit tax on this blog in detail as businesses and individuals seeking to leave the Golden State must pay a fine. 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.

Other states will likely adopt an exit tax. New York’s state budget toppled, fueled by the migrant crisis, and they will begin to hunt their own citizens for funds because that is what governments have ALWAYS done when they find themselves insolvent.

California also has one of the highest tax brackets for income tax, often reaching 14.4%, while New York slaps a 10.9% tax on the highest earners.

Average home prices in California has reached $746,667 but it is difficult to compile an average price on such a large state and the average home in a DESIRABLE relatively safe neighborhood is much higher. The same could be said about New York as we have a vastly different landscape from the city to the north, and stating the average home price of $450,000 grossly understates what someone will pay if they live near the city or in a relatively safe desirable neighborhood.

Where is everyone moving?

  • Florida: 29,771 net inflow of high-earning households
  • Texas: 8,260 net inflow of high-earning households
  • North Carolina: 5,792 net inflow of high-earning households
  • South Carolina: 5,270 net inflow of high-earning households
  • Arizona: 4,365 net inflow of high-earning households

Americans are fleeing to red states with lower taxes and crime. Property prices in desirable neighborhoods may be high, but you have a much lower property tax. Florida and Texas continue to be the safe havens within America for both businesses and individuals. The average AGI for those moving to Florida from the aforementioned states is $907,013 while California’s new residents have an average AGI of $579,207. Consequently, lower earners have been forced to leave these states.

Inflation has already caused every American to spend more while living on less. High-income households are being punished under these socialistic eat the rich policies that invalidly claim they are responsible for the financial hardships of others. This trend will continue as Democrat-run states continue to adopt hardline policies that penalize monetary success.

Categories:REAL ESTATE

Aug 19 2024

Kamala’s Economic Plan Will Destroy the US Economy & Lead to Food Shortages


Posted originally on Aug 19, 2024 By Martin Armstrong 

socialism.meme_

Kamala Harris’ father was basically a radial communist. She is not far from her father’s ideas, and more than Bill Gates is different from his father’s fears of population and created Planned Parenthood and stuck them in minority areas to reduce the population of blacks. No matter how many times Socialism has been attempted, the same result has always taken place because it is against human nature and seeks to oppress those who work to reward those who do not under this theory that everyone should be equal in material wealth – not rights.

Harris Father

Capital Gains & Unrealized Profits Tax

As they say, the apple never falls far from the tree. Indeed, whatever Trump says, most Democrats will NEVER listen. He has warned the U.S. would suffer a “1929-style depression” under a Harris presidency. The only thing about Trump is that he is a businessman. All this talk of Doubling the Capital Gains Tax and imposing taxes on Unrealized Gains alone would cause the biggest stock market crash in history. People would have to sell everything before the tax is imposed.

Take Amazon, for example. sure, Bezos is a billionaire on paper based on the value of his shares, as is Bill Gates. It is not cash. Taxing unrealized gains means they would have to sell 25% of their stock the first year to pay the tax. Stocks will tumble, and then the same will take place the next year. I would have to advise you to sell everything NOW! People would be forced to STOP investing long-term, which would kill long-term growth and cause massive unemployment. Kamala’s response will be to nationalize companies at that point because NEVER will anyone in government EVER remotely consider that their policies are to blame.

This would get even worse. Once they legalize taxing unrealized gains, there goes the farming industry, small businesses, and real estate. That house you bought for $100,000 is now worth $500,000, they will demand $125,000 in taxes. You don’t have that cash, so suddenly, you now have to sell that house to pay the tax. This is how small farming has been destroyed because when the father dies, the government wants up to 40% of the value of the land. They have been forced to sell to people like Bill Gates.

Kamala and Schwab

Green New Deal

Now add this Green New Deal that she really wants to do, forcing carbon neutrality by 2030 so she can get in line and kiss the ring of Klaus Schwab.  Just look at Europe and the economic decline unfolding there; people rose up against that in the EU elections. This Agenda 2030 would cause a deep recession and rising inflation with loss of jobs and major civil unrest. Perhaps this is what the computer is projecting will lead to the breakup of the United States. The World Economic Forum will then influence the United States as they have taken over Canada.

CNN_How_EVs_became_such_a_massive_disappointment

Carbon-neutral by 2030 is impossible. Just look at the stats: 75% of our electricity comes from burning fossil fuels. So how are they going to do that? They think they can just circumvent Congress and issue a dictatorial Executive Order requiring that 50% of all cars be electric by 20230. There is not enough power in the electric grid to accomplish this, and people are turning away from electric cars. And they call Putin a dictator? Executive Orders of this nature circumvent Congress and deny the people any right to object.

Executive Orders are NOT Democracy, which has become another propaganda label. Here is the World Economic Forum’s Agenda 2030, which includes ending Democracy and handing the Sovereignty of the United States to the United Nations. Harris co-sponsored the Green New Deal as a senator in 2019.

2009 Ginsberg Eugenics

Counting On the Brainwash Women?

They are counting on especially the stupidity and myopic focus of women who will vote solely on the issue of abortion since they were successfully brainwashed as they turned racism into Women’s Rights to kill their children. Even Justice Ginsburg pointed out that Roe vs Wade had nothing to do with women’s rights. This was the Gates and Rockefeller Agenda to reduce the world’s population. They need those brainwashed women to vote only on Abortion and not pay attention to anything else.

Kamala_Harris_Food Control Blames_Price_Gouging_for_Grocery_Inflation._Here_s_What_Economis

Price Controls

As the New Times reported, Harris wants to impose price controls on food and blames corporations – never the government. The entire shortage began with their stupidity of locking down the economy. I had farmers sending emails that they had to kill 30,000 chickens because they could not get feed nor send them to market when trucks were not allowed to operate. Shortages took off and started this inflation. I would go to the store, and there would be no eggs. Next time, eggs were there, so you buy twice as many, for they may not be there next time. That is human nature.

Of course, a good communist blames the private sector, and that is what Kamal is doing. Sadly, that message “polls well with swing voters. It has been embraced by progressive groups, which regularly point to price gouging as a driver of rapid inflation or at least something that contributes to rapid price increases. Those groups cheered the announcement late Wednesday that Ms. Harris would call for a federal ban on corporate price gouging on groceries.”

Diocletian Edict on wage and price controls 301 AD
Diocletian Inflation

There are numerous examples from history that warn every time the government has attempted to impose wage and/or price controls, it has failed. If the cost of labor and production rises in the face of shortages and the final price is controlled by the government, guess what? You end up with starvation, riots, and revolution.

Roman decline silver content monetary system Armstrong Waterfall effect
Diocletian Argentius

Diocletian (284-305AD) enters the scene where you see a game without silver coins being minted. Diocletian created the silver argentius around 293/94AD, which was not pure silver but at least 90% – 93.5%, and they were struck at 96 to the Roman pound, the weight of a post-reform denarius of Nero (54 to 68AD). This effort to restore the glory of Rome and its economy was not ready for such a utopian reform. The argentei began to vanish from circulation, being hoarded or exported to the East in foreign trade. Within 15 to 17 years, the debasement suddenly reduced the silver content to less than 50%. It was not until the civil war began again and the rise of Constantine I the Great (307 -337AD) that we once again found a monetary reform with the return of silver once again. Even if we look at Hammurabi Legal Code 1780BC, we will find wage and price controls. There were shortages that drove inflation at that time as well.

Nixon ClosesGoldWindow

While we understand that the gold standard collapsed and President Nixon closed the gold window, ending the convertibility of the US dollar, President Richard Nixon also showed us just how dangerous unchecked executive power can be to the free-enterprise system and what awaits us ahead. At the same time as closing the gold window on August 15, 1971, Nixon also announced;

“I am today ordering a freeze on all prices and wages throughout the United States.”

After a 90-day freeze, increases would have to be approved by a “Pay Board” and a “Price Commission.” The restrictions were conveniently lifted after the 1972 election. Nixon did understand that his solution was not really a solution. He acknowledged that putting the economy with price controls

“into a permanent straitjacket would … stifle the expansion of our free enterprise system.”

Newsweek Gold Push 1971

The national emergency in the summer of ’71 was that the failure of the gold standard was in its last dying throes. They had fixed gold at $35 an ounce, but the Neocons kept sending money for endless wars. The Neocon’s lies take us into Veit Nam because, as Macnamara admitted, they thought Russia was involved, but it was just a civil war. Unemployment stood at 6 percent in 1971; inflation was only about 4%-5%. Yet, after Nixon’s announcement, the markets rallied, the press cheered being leftists as always, and even though his speech pre-empted the popular Western Bonanza, the people loved it, too — 75 percent backed the plan in polls just as we see today with most cheering Kamala’s price controls.

Friedman Nixon

I knew Milton Friedman as he tried to warn Nixon that this venture would end “in utter failure and the emergence into the open of the suppressed inflation.” It worked for the 1972 election, as Kamala is hoping this time as well. It was the aftermath that nobody in the Democratic camp wanted to look at. Nixon was forced to then reimpose a temporary price freeze in June 1973, for it became obvious that the first round of price controls created shortages.

Whtcbt Cattle M 1970 1980
1973 1974 Crash

Agriculture entered a critical shortage as ranchers stopped shipping their cattle to the market, farmers could not make a profit and gave up, and once again, shortages took place, and consumers emptied the shelves of supermarkets. The stock market crashed, and as the dollar declined, there was the 1973 OPEC Embargo, which sent inflation soaring for energy touches everything.

I have expressed my opinion that Executive Orders by a president create an imperial presidency with unconstitutional delegations of authority to the executive branch. The economic damage presidents do with economic powers wielded for political gain undermines the economy, and nobody will ever accept blame in government. Presidents should NEVER have such economic powers. Price hikes from the 1973 Arab oil embargo made it politically difficult to unwind controls on gasoline, which led to the gas lines of the late 1970s. I remember those days. You were only allowed to get gas on an even and odd basis, and you were not allowed to buy more than $2.

Ford 1973 Pinto

At the time, I lived about 35 miles from work. There was no way I could make it to work and back two days in a row. I ran out and paid over the list price for the last Ford Pinto Stationwagon so that I could drive to work. I eventually sold my house to move closer, all because of OPEC and the shortages.

BreadlineSovietUnion

Kamala Using the Soviet Union As Her Model?

Kamala Harris unveiled her first economic agenda – price controls that not only failed since the days of Diocletian during the 3rd Century AD, but she is also drawing on the experience of the Soviet Union that her father supported. Her price controls are also reminiscent of the Soviet Union where the belief was that the government should invade the private sector and determine the price of goods. Kamala believed that corporate price gauging is to blame, particularly at the grocery store, and ignored the shortages of COVID. The Soviet Union’s experience should also be consulted. I had a Russian girl we hired as a programmer who came to the States perhaps 20 years ago. She was stunned going shopping because she had to make so many decisions. In Russia, she explained, there was only one toilet paper. Here, there are so many brands that she did not realize everything required a decision. Price controls led to nationalization and no choice.

The same disaster occurred in the Soviet Union under Gosplan. Whether it is communism or socialism, any method that decimates the free market ends in an economic collapse. The business cycle was ignored, as were factors that drove prices. The government knew best and usurped control over the private sector from the farm to the store. Shortages, unemployment, and starvation ensued. We are all familiar with the Soviet-era breadlines and the hardships that the people endured. There was no innovation, as there was no incentive for entrepreneurship or invention, and the nation was left behind in a time capsule of the past. People lost all confidence, and the government effectively suffocated the private sector to death. They took over every aspect of the economy and free market piece by piece until the entire economy shattered. By seizing private industry, there was nobody in government who understood agriculture. Stalin then had to take all the food from Ukraine, killing up to 7 million by starvation, all to pretend this socialistic theory could work. – See the movie – Mr. Jones.

Everyone I know from Eastern Europe and/or Russia who has come to America all say the same thing. What they fled is now taking place here in America under the same slogan – fairness and equality.

Inflation.Venezuela

Venezuela – A Great Example

Let’s take a look at Venezuela. Hugo Chávez implemented price controls to combat inflation, but it backfired and caused the nation to experience one of the highest rates of inflation in the world. The government arbitrarily sets prices without taking note of demand, supply, or the cost taken on by the private sector. Businesses were no longer profitable, and small mom-and-pop stores disappeared. Those that remained could barely operate and experienced severe shortages of basic goods like food. The people panicked and began to hoard what they could as they did not know when the goods would be available again.

Venezuela.Socialism

A black market emerged. People were forced to barter and smuggle goods from nearby nations. People stopped using Venezuela’s currency as they refused to accept it, as was the case during the German hyperinflation. People saw the value of the USD, and Venezuela’s currency soon became utterly worthless. The dying private sector was unable to hold on to staff, leading to a mass uptick in unemployment. Inflation spiraled, people completely lost confidence in their government and currency. Hyperinflation ensued, people’s life’s savings were wiped out as even the most financially literate citizen lost everything.

SchwabLeninBust

However, the government prevailed and insisted socialism was the only way to ensure fairness and equality. Klaud Schwab admires Lenin and still preaches fairness and equality, although it has failed every single time. Klaus keeps a bust of Lenin on his bookshelf. EVERY single nation that implemented price controls. This is the backbone of his Stakeholder Economics, which was not his original idea but also failed.

Stakeholder Economics

It was not until Stakeholder Economics collapsed with Bretton Woods that its failure was widely recognized.

US War Ration Book

Price Control During War

Another reason to instigate World War III is that it would allow the government to instigate rationing of food when the price controls fail. Because the government is now the biggest debtor in the system, the Federal Reserve can no longer control inflation by raising interest rates. The interest expenditure of the government increases, and nobody in government ever dares to suggest reducing spending to reduce inflation. Thus, central banks have been stripped of all power.

Price control authority during World War I was given to a variety of government agencies – not just one. Only the Fuel Administration and the Food Administration truly had express statutory authority for price-fixing. Maximum prices were regulated by the War Industries Board, the Price-Fixing Committee, the Food and Fuel Administrations, the Emergency Fleet Corporation, the Railway Administration, the War and Navy Departments, the Federal Trade Commission, and the Department of Agriculture.

Of these price-fixing agencies, the War Industries Board and its successor, the Price-Fixing Committee, were clearly the most important. On July 28th, 1917, the Council of National Defense, created by the National Defense Act of August 29th, 1916, established the War Industries Board to coordinate the war effort and gave it specific directions “to consider price factors.” 

A famous case, Hegeman Farms Corp. v. Baldwin, 293 U.S. 163 (1934), showed how courts would rule against the private sector during war. We should not expect any fair treatment economically. The Supreme Court held that on orders issued under the New York Milk Control Statute, dealers were required to pay milk producers a minimum price per quart. They were subject to higher minimum resale prices. However, competition made it impossible for the dealer, in this case, to sell for more than the resale minimum – his cost. There was no profit “spread,” Thus, it could not make a profit to cover the cost of its operations. The Supreme Court turned a blind eye and held that upon these facts only, there was nothing to show the degree of efficiency with which its business was conducted. Therefore, there is no ground to conclude that the price limits are arbitrary and violate the due process clause of the Fourteenth Amendment.

There is NO RULE OF LAW when it comes to war. Remember that!

Rationing Do With Less

During World War II, the United States took a radically different approach to fighting inflation when price controls would not work. They embarked on rationing under the claim of fairness and equality. It is clear that the Harris Administration and its policymakers will use war to arrest inflation with rationing. The threat of inflation loomed over WWII as it did under World War I than it does today. As America became an “arsenal of democracy,” we spent massively on machines and supplies for war. The federal deficit skyrocketed, from about 3 percent of GDP in 1939 to almost 27 percent of GDP in 1943 — which is far and away the worst the deficit has ever been. Meanwhile, factories, workers, and materials were all repurposed for the war. Millions of productive workers left the labor force to enlist in the armed services.

British Food Ratio Book

When the federal government began eliminating free-market pricing on goods in short supply in the early 1940s, it had to allocate these scarce resources differently. It created a rationing system in which the government assigned ration stamps to citizens. Rationing also took place in Britain. What this time? To further fairness and equality, they will take food from citizens to hand to the illegal aliens. The Heritage Foundation’s Oversight Project conducted a survey in which it was revealed that 10% of illegal aliens and non-citizens are already registered to vote in the 2024 election. I fear that a Harris victory will lead to a major Supreme Court battle where, legally, they will be compelled to declare the 2024 election void.

German 20 Mark 1918

Germany & Hyperinflation Caused In Part By Price Controls

Germans had little experience of inflation before World War I. As this First World War raged, it resulted in shortages of food, fuel, clothing, and other supplies. Naturally, prices began to rise. The German Empire’s fiscal policy accelerated the situation for to pay its bills, the state took out loans, sold bonds and printed more currency. Through the process, the value of the German mark collapsed by 50% over the course of the war. Inflation would have been even higher had the government not instituted price controls.

German 1918 Revolution

However, the price controls ended when the government collapsed in defeat in November 1918, and a Communist Revolution led to the birth of the Weimar Republic. Because the German Communists wanted even Russia to come and take Germany to be part of this great Utopian Marxist World, anyone with wealth moved out of Germany, fearing the same result as took place in Russia. Prices shot up unbelievably, but the new Weimar Republic continued the fiscal policy of the old German Empire. To fund the transition to a peacetime economy and welfare programs for ex-soldiers and impoverished civilians, the Weimar Republic continued to print money. In 1921 and 1922, policymakers even purposefully fanned inflation to show the former Allies that Germany was too weak to pay the reparations it owed.

HyperInflation

1922 Forced Loan

Then, in December 1922, the Weimar Republic confiscated 10% of people’s assets and issued bonds that quickly became worthless. As we can see from this chart, the hyperinflation began. It was up 10fold from pre-December confiscation levels.

French Assignat Devaluation Hyperinflation

No matter what country we look at, we see the same result. The French Revolution began over food shortages. Marie Antoinette’s famous line—“Let them eat cake,” which was the crust on the pan after making bread—is doubtful that she ever said that, but it stirred people and helped to create the revolution.

The examples are endless. PRICE CONTROLS DO NOT WORK. SOCIALISM DOES NOT WORK. This policy is absolute insanity. Do people realize that this is only the beginning of what we would see under a Harris presidency?

She is financially illiterate, and no one on her team has any working knowledge of how the world functions. All they do is always blame the rich, and people with little intelligence love to be portrayed as victims since nothing is ever their fault or that of the government. Blaming higher prices at the grocery store solely on corporate greed is utterly ignorant. This policy is DANGEROUS and would push the once great democracy of America into the hells of socialism. Worse yet, it will lead to food shortages as it always had and starvation, which may make Bill Gates excited.

met_the_enemy_he is us Walt_Kelly_cartoon

NOBODY ever seems to consult history. This episode with price controls from the ’70s was best illustrated by the famous cartoonist at the time, Walt Kelly, whose classic cartoon – “We have met the enemy and he is us.” We have come full circle with the Democrats advocating price controls that will lead to starvation and food shortages. They REFUSE to ever look at history.

History Repeat Copy

So, as they say, here we go again. History repeats because those in politics only care about winning, and to hell with history, for that is the past—not the present. This time, it will somehow be different because Kamala will be in charge.

Thatcher Socialism
Aug 18 2024

You’re A Wage Slave To The Whole World. Your Wages Prop Up The Whole World In The Name Of Security


Posted originally on Rumble By Bannons War Room on: Aug 17, 2024 at 02:00 pm EST