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The Great Reset – The Final Battle Against Marxists

The Great Reset – The Final Battle Against Marxists

The rising civil unrest is starting to take notice of Bill Gates and his consortium hell-bent on changing the world economy. They have used the coronavirus as a ploy to shut down the world economy all for their Climate Change Agenda. There is a mountain of circumstantial evidence that points to Fauci funding the creation of this virus and transferring it to the Wuhan lab where neither China nor the United States leaked it, but this consortium which has planned this Event 201 on how to destroy the world economy and rebuild it from scratch. They are already introducing Guaranteed Basic Income, assuming they can wipe out over 300 million jobs and then pay people to sit home and watch TV, where they recreate the world in their own image which they are promoting as the Great Reset.

This has all been planned and it is being promoted by the infamous Davor — World Economic Forum. These people are all elitists who would never walk among us who they consider the great unwashed. They have unleashed domestic violence on the world and encouraged all the suicides by imprisoning people, and stripping them of all human rights. Their view is that the world is overpopulated, so thinning the herd to save the planet is justified and not genocide. Countries like Thailand saw their tourist trade collapse and countless food lines, all for a fake virus. These people have used the press to terrorize the people to achieve their goal to recreate the world economy as “greener, smarter, and fairer.” The World Economic Forum is promoting a Marxist agenda with a 50-page manifesto organized by the communist Thomas Piketty. The Forum promotes a new Marxist world, calling upon Piketty’s “urgent new message on how to fight inequality” where they want to attack anyone with wealth. Their proposal for Europe is to increase taxation by 400%!

…click on the above link to read the rest of the article…

Bankrupting America

Bankrupting America

Bankrupting America

Source: AP Photo/Alex Brandon

Two weeks ago, President Donald Trump signed the largest stimulus bill in U.S. history: more than $2 trillion.

For once, both Republicans and Democrats agreed. The Senate voted 96-0. The House didn’t even bother with a formal vote.

At the White House, a reporter asked the president, pointing out that the bill includes $25 million for the Kennedy Center, “Shouldn’t that money be going to masks?”

“The Kennedy Center has suffered greatly because nobody can go there,” Trump responded. “They do need some funding. And look — that was a Democrat request. That was not my request. But you got to give them something.”

“Something” they got. The bill includes $25 million for Congressional salaries, $50 million for an Institute of Museum and Library Services and lots of other wasteful things.

Only a few politicians were wary. Rep. Thomas Massie complained that he wasn’t even allowed to speak against the bill.

Rep. Alex Mooney asked: “How do you pay for it? Borrow it from China, borrow it from Russia? Are we going to print the money?”

Those are good questions.

Our national debt is already $24 trillion. Now it will jump, percentage-wise, to where Greece’s debt was shortly before unemployment there hit 27%.

Greece was bailed out by the European Union. But the United States can’t be bailed out by others.

How will we pay off our debt? That’s the topic of my new video.

There are really three options:

1. Raise taxes.

2. Print money.

3. Default.

Let’s consider each:

1. Raising taxes on rich people is popular. Even Michael Bloomberg wants “higher taxes on billionaires” like him.

But raising taxes on the rich often kills the wealth and jobs some rich people create. And it won’t solve our debt problem. Even if we took all the billionaires’ wealth — reducing their net worth to zero — it would cover only an eighth of our debt.

…click on the above link to read the rest of the article…

What Will It Take to Get the Public to Embrace Sound Money?

What Will It Take to Get the Public to Embrace Sound Money? 

In the last decade, the combination of virulent asset price inflation and low reported consumer price inflation crippled sound money as a political force in the US and globally. In the new decade, a different balance between monetary inflation’s “terrible twins” — asset inflation and goods inflation — will create an opportunity for that force to regain strength. Crucial, however, will be how sound money advocacy evolves in the world of ideas and its success in forming an alliance with other causes that could win elections.

It is very likely that the deflationary nonmonetary influences of globalization and digitalization, which camouflaged the activity of the goods-inflation twin during the past decade, are already dissipating.

The pace of globalization may have already peaked, before the Xi-Trump tariff war. Inflation-fueled monetary malinvestment surely contributed to its prior speed. One channel here was the spread of highly speculative narratives about the wonders of global supply chains.

Digitalization’s potential to camouflage monetary inflation in goods and services markets, on the other hand, has come largely via its impact on the dynamics of wage determination. It has forged star firms with considerable monopoly power in each industrial sector. Obstacles preventing their technological and organizational know-how from seeping out to competitors means that wages are not bid higher across labor markets in similar fashion to earlier industrial revolutions. These obstacles reflect the fact that much investment is now in the form of firm-specific intangibles. Even so, such obstacles tend to lose their effectiveness over time.

As deflation fades, monetary repression taxes (collected for governments through central banks’ manipulation of rates to low levels so as to achieve 2 percent inflation despite disinflation as described) will undergo metamorphosis into open inflation taxes as the rate of consumer price inflation accelerates. Governments cannot forego revenue given their ailing finances. Simultaneously, asset inflation will proceed down a new stretch of highway where many crashes occur.

…click on the above link to read the rest of the article…

Postmedia, Torstar Take Taxpayer Cash, Fight to Keep Public in Dark about Cuts

Postmedia, Torstar Take Taxpayer Cash, Fight to Keep Public in Dark about Cuts

Media giants continue to fight disclosure of evidence about 2017 deal that shuttered 36 newspapers.

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Torstar claimed $4.5 million in subsidies under government plan; Postmedia $7 million. The two are being criminally investigated by the Competition Bureau.

Newspaper giants Torstar and Postmedia have both just claimed millions in taxpayer subsidies from the federal government’s controversial news media fund.

But at the same time they’re counting the cash, they’re continuing to fight in court to keep the public from learning about their 2017 deal that resulted in 36 newspapers closing across Canada.

Postmedia’s latest financial report included $7 million from the fund in its revenues — and that’s just for nine months. 

Torstar claimed $4.5 million in subsidies from the fund, also just for nine months, when it released its quarterly financial report Wednesday.

Critics feared the fund, which promises almost $600 million over five years, would enrich shareholders or hedge funds while media corporations continue to slash staff and close newspapers.The Tyee is supported by readers like you Join us and grow independent media in Canada

That’s what Postmedia and Torstar did in 2017. The two corporations swapped 43 newspapers, and on the same day the deal was announced closed 36 of them. Almost 300 people lost their jobs and 36 communities lost a news source. In many of them, competition was replaced with a monopoly controlled by one of the two corporations.

That situation sparked a continuing Competition Bureau investigationinto “alleged anti-competitive conduct.” The bureau later announced it was pursuing the investigation under the criminal conspiracy provisions of the Competition Act. 

And while Torstar and Postmedia are taking taxpayers’ money, the two companies have been fighting to keep the public or prosecutors from seeing documents seized in searches of their offices or used to obtain search warrants. 

 …click on the above link to read the rest of the article…

Fourth Turning Economics

Fourth Turning Economics

“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe 

Image result for total global debt 2019

The quote above captures the current Fourth Turning perfectly, even though it was written more than a decade before the 2008 financial tsunami struck. With global debt now exceeding $250 trillion, up 60% since the Crisis began, and $13 trillion of sovereign debt with negative yields, it is clear to all rational thinking individuals the next financial crisis will make 2008 look like a walk in the park. We are approaching the eleventh anniversary of this crisis period, with possibly a decade to go before a resolution.

As I was thinking about what confluence of economic factors might ignite the next bloody phase of this Fourth Turning, I realized economic factors have been the underlying cause of all four Crisis periods in American history.

Debt levels in eurozone, G7, US and Germany

The specific details of each crisis change, but economic catalysts have initiated all previous Fourth Turnings and led ultimately to bloody conflict. There is nothing in the current dynamic of this Fourth Turning which argues against a similar outcome. The immense debt, stock and real estate bubbles, created by feckless central bankers, corrupt politicians, and spineless government apparatchiks, have set the stage for the greatest financial calamity in world history.

 …click on the above link to read the rest of the article…

Doug Casey Debunks Four Myths About Trump, Taxes, and the Economy

Doug Casey Debunks Four Myths About Trump, Taxes, and the Economy

Trump taxes debunked

International Man: For many years, President Trump has made no apologies for trying to pay the least amount of taxes possible. He’s clearly stated this in many interviews.

His desire to minimize his taxes has brought scorn from many in the mainstream media, and politicians from both sides of the aisle. These people are of the opinion that paying taxes is an honorable and necessary responsibility. It brings to mind the wrongheaded saying “taxes are the price we pay for a civilized society”, which came from US Supreme Court Justice Oliver Wendell Holmes. Many people believe this.

But if that’s true, how come low tax locales like Singapore, the Cayman Islands, Monaco aren’t backward hell holes, but rather sophisticated and civilized?

Doug Casey: Almost any lie can be accepted as truth if it’s said often enough and with enough certainty. That absolutely applies to what Holmes said. It’s shameful how people don’t think about its meaning, but slavishly repeat it.

Taxes aren’t the price we pay for civilized society. They’re a sign of the fact that society is becoming uncivilized. A civilized society is based on voluntarism. Taxes are all about coercion.

People don’t seem to recognize or remember that before 1913 there was no income tax in the US. There was no reporting of any kind to the US government. It was a much more civilized and far freer country then.

As far as Trump minimizing his taxes, congratulations to him. The object should be to cut the size of the US government in half, and cut it in half again, and again. And along with it, cut the tax burden that it imposes on the average American.

 …click on the above link to read the rest of the article…

The Force that is Ending Freedom

The Force that is Ending Freedom

Every empire is a dictatorship. No nation can be a democracy that’s either heading an empire, or a vassal-state of one. Obviously, in order to be a vassal-state within an empire, that nation is dictated-to by the nation of which it is a colony.

However, even the domestic inhabitants of the colonizing nation cannot be free and living in a democracy, because their services are needed abroad in order to impose the occupying force upon the colony or vassal-nation. This is an important burden upon the ‘citizens’ or actually the subjects of the imperial nation.

Furthermore, they need to finance, via their taxes, this occupying force abroad, to a sufficient extent so as to subdue any resistance by the residents in any colony.

Every empire is imposed, none is really voluntary. Conquest creates an empire, and the constant application of force maintains it.

Every empire is a dictatorship, not only upon its foreign populations (which goes without saying, because otherwise there can’t be any empire), but upon its domestic ones too, upon its own subjects.

Any empire needs weapons-makers, who sell to the government and whose only markets are the imperial government and its vassal-nations or ‘allies’. 

By contrast, ’enemy’ nations are ones that the imperial power has placed onto its priority-list of nations that are yet to become conquered. There are two main reasons to conquer a nation.

One is in order to be enabled to extract, from the colony, oil, or gold, or some other valuable commodity. The other is in order to control it so as to be enabled to use that land as a passageway for exporting, from a vassal-nation, to other nations, that vassal-nation’s products.

 …click on the above link to read the rest of the article…

What were Roman Taxes v Modern Taxes?

What were Roman Taxes v Modern Taxes? 

QUESTION: You do a lot of comparison to the Roman Empire. What was the size of the government relative to GDP? Can you estimate that?

GY

ANSWER: The Roman economy was more like the USA during the mid-19th century in that it was pre-industrial. About 80% of its inhabitants worked in agriculture, which was about where we were in 1840. There was no social agenda of trying to redistribute wealth from one class to the other. Still, there were social programs. But the socialistic agenda that was adopted by modern governments has sought not merely to redistribute wealth among the classes, but it has justified bigger government on a grand scale never before witnessed in history. The tax rate in the ancient Roman Empire was about 5% with some paying as little as 2%. The actual cost of government during the Roman Empire was minimal compared to the modern standard. The Roman Emperor Trajan (98-117 AD) formalized the alimenta, which was a welfare program that helped orphans and poor children throughout Italy. It provided general funds as well as food and subsidized education. The program was supported initially out of Dacian War booty, and then later by a combination of estate taxes and philanthropy. So there were programs to take care of people who needed help.

Virtually all the taxes and rents raised by the imperial government were spent on the military, which came out to be about 80% of the imperial budget in 150 AD. This military spending constituted about 2.5% of the empire’s GDP. Obviously, we do not really see separatists movement until the mid-3rd century when Valerian I (253-260 AD) was captured by the Persians. With the cost of the military coming in about 2.5%, this explains the lack of tax rebellions.

 …click on the above link to read the rest of the article…

The Income Tax is Destroying the World Economy

The Income Tax is Destroying the World Economy 

It is imperative that we MUST eliminate the income tax. It is a purely a Marxist development that is destroying the world economy. The income tax has become such a tyranny that our liberty, freedom of movement, and world economic growth are all at great risk. Never before in the history of human civilization do we find an income tax. It is true that Ben Franklin once said that the two certainties in life were death and taxes. It is equally true that taxes, in general, have been around since the beginning of civilization. We do know that the earliest recorded tax was implemented in Mesopotamia over 4500 years ago, where people paid taxes throughout the year in the form of livestock, which was the preferred currency at the time. The ancient world also had inheritance taxes, also known as estate taxes or death taxes. The earliest recorded evidence of a death tax came from ancient Egypt (700 BC), where they charged a 10% tax on property transferred at the time of death.

The most serious crisis we face is that with the dawn of Marxism (Communism/Socialism) the way we pay taxes has changed significantly. Yet, one for the record took place in 2006 when China eliminated what was the oldest existing tax in history. The agricultural tax was created 2,600 years ago and was eliminated in 2006 to help improve the well-being of rural farmers in China.

Taxation in the United States can be traced to the colonists when they were heavily taxed by Great Britain on many things from tea to newspapers. Legal and business documents were required to display a Stamp Tax. Most colonists objected to this form of taxation, since they had no political input about the creation of new taxes, giving rise to the term “taxation without representation.”

 …click on the above link to read the rest of the article…

The Most Important Chart in Economics?

The Most Important Chart in Economics?

The Most Important Chart in Economics? - Peter Diekmeyer (25/03/2019)

Earlier this month, the U.S. Federal Reserve quietly released the Financial Accounts of the United States. Like most government data, the 198-page report (known to insiders as the Z1) is almost impossible to understand.

However, to the economists and accountants who wade their way through the mess, the implications are clear.

America has been growing government, business and household debts faster than its economy for more than four decades. Despite the huge runup in asset prices during that time, the country is essentially bankrupt.

The impending disaster becomes even clearer when presented visually. 

The above chart, compiled on the St-Louis Fed’s FRED site, strongly suggests that economists have been pushing a GDP expansion that has been fueled almost uniquely by debt.

The three stages of scam economics

The story of how the American government and the Federal Reserve—with the quiet backing of university academics—fueled this elaborate Ponzi scheme unfolded in three stages.

Tax and spend

The first signs emerged in the 1960s and early 1970s, when American companies, after an almost three-decade free ride, began to get competition in international markets from countries such as Japan and Germany, which had been bombed back to the stone ages during World War II.

By that time, the American public had gotten used to constantly-rising living standards. For politicians, asking voters to work harder or to curtail constant demands for “more” became increasingly more difficult. 

Governments responded with what became known as “tax and spend” economic policies.

Taxing the hard-earned savings of workers and passing the cash to bureaucrats to spend instantly created “sugar highs,” due to the short-term effects of dumping extra cash into the economy. 

 …click on the above link to read the rest of the article…

Changes in Government Deposits and Money Supply

CHANGES IN GOVERNMENT DEPOSITS AND MONEY SUPPLY

The US debt ceiling suspension, signed in February 2018, expires at the beginning of March this year. Some commentators are of the view that the US Treasury must carry out special measures if it expects a delay in raising the debt ceiling in March.

The Treasury would have to draw down its deposits at the Fed and deposit the cash in various government department accounts at commercial banks, for future use to pay government salaries and contractors’ fees.

These commentators are of the view that the Treasury deposit withdrawals act like QE (quantitative easing) and the Treasury deposit build-ups like QT (quantitative tightening). However, is it the case?

If in an economy people hold $10,000 in cash, we would say that the money supply in this economy is $10,000. If some individuals then decided to place $2,000 of their money in demand deposits, the total money supply will still remain $10,000, comprising of $8,000 cash and $2,000 in demand deposits.

Now, if government taxes people by $1,000, this amount of money is then transferred from individual’s demand deposits to the government’s deposits. Conventional thinking would view this as if the money supply fell by $1,000. In reality, however, the $1,000 is now available for government expenditure meaning that money supply is still $10,000, comprising of $8,000 in cash, $1000 in individuals demand deposits and $1,000 in government deposits.

If the government were to withdraw $1000 from its deposit with the Fed and buy goods from individuals then the amount of money will be still $10,000 comprising of $8,000 in cash and $2,000 in individuals demand deposits.

From this we can conclude that a large withdrawal of money from the government deposit account with the Fed is not going to strengthen the money supply as suggested by popular thinking. 

What are the sources for money expansion?

 …click on the above link to read the rest of the article…

Tax Cuts Without Reducing Government Outlays Is Not Possible

TAX CUTS WITHOUT REDUCING GOVERNMENT OUTLAYS IS NOT POSSIBLE

According to many economic experts and commentators, an effective way to generate economic growth is through the lowering of taxes. The lowering of taxes, it is held, is going to place more money in consumer’s pockets thereby setting in motion an economic growth. This way of thinking is based on the popular view that a given dollar increase in consumer spending will lift the economy’s gross domestic product (GDP) by a multiple of the increase in consumer expenditure. An example will illustrate the magic of this multiplier.

Let us assume that on average individuals spend 90 cents and save 10 cents of each additional dollar they receive. If consumers raise their spending by $100 million this will boost retailers’ revenues by this amount. Retailers in turn will spend 90% of their new income, i.e. $90 million on various goods and services. The recipients of the $90 million will in turn spend 90% of $90 million i.e. $81 million and so on. At each stage in the spending chain, people spend 90% of the additional income they receive. This process eventually ends with the GDP rising by $1 billion i.e. (10*100million).

In short, all that is required is to give every individual more money to spend, and this in turn should set in motion increases in consumer expenditure, which in turn will trigger increases in the production of goods and services. Observe that within the framework of ‘the multiplier’ savings are actually bad news – since the more people save the smaller is the multiplier.

The magic of ‘the multiplier’ however, is just wishful thinking – a myth. Every activity in an economy has to be funded and therefore it is always in competition with other activities for scarce real savings.  Hence, within all other things being equal if more is spent on consumption goods, then less is left for capital goods. An increase in retailers activity will be offset by the decline in the activity of capital goods producers.

 …click on the above link to read the rest of the article…

Revolution – Why it is Always Inevitable?

Revolution – Why it is Always Inevitable? 

COMMENT: Mr. Armstrong, I just went to see Les Miserables with my wife. I was really moved for it was indeed how history repeats. It just seems we always end up in the same position because government never changes.

PB

ANSWER: Unfortunately, socialistic governments pretend that they are taking your money for your own benefit. The excuses are endless. Nevertheless, they constantly oppress the people by taking an ever increasing portion of their net disposable income, crushing them into the dust. The motives seem to change, but the end is always the same. This is why the Founding Fathers forbid direct taxation. That was such a critical deterrent to prevent revolution. The governments followed Marx at the beginning of the 20th century, and then convinced themselves that they were doing it to care for the people. In the process, they paid themselves pensions that no one else could possibly attain. Forbidding direct taxation was the only possible way to prevent the recurrence of revolution.

Norway to Track Cars GPS to Tax Per KM (Mile) – Your Govt is Next

COMMENT: Hi,
The Norwegian Data Protection Authority is now arguing that GPS based taxation, for the amount of kilometers driven by car, can be done within 5-6 years! Norwegians trust the government way too much, because they believe that this system will eliminate the need for road tax, fuel tax, toll roads and reduce the cost of car insurance.
No way will the tax be reduced! GPS based taxation is a governments dream! Who is to stop them from issuing parking fees or speeding tickets?
Norway also has a high number of electric cars, and an electric car is sold without any tax or VAT, has reduced road tax, free of reduced toll road passage and does not contribute to fuel taxation. With GPS active, the government can finally collect taxes from electric cars without the messy environmentalists meddling.
In the worst case, a corrupt government can use the system against its people to create implications, push the burden of proof over to a troublesome citizen, in court.
Norway may be a great country regards to statistics, but will be some kind of self-imposed totalitarianism if this nonsense continues. Stay away from Norway if you cherish your hard-earned cash!
And as always, thank you, Mr. Armstrong, for your service and enlightenment.
AA
Ex-social democrat
(see source #1)

REPLY: The political-economic system post-World War II has been a socialist driven agenda. “Vote for me and I will give you other people’s money.” This system cannot be sustained when those in power have promised themselves pensions. As government workers retire, they need to be replaced. The growth rate of government has started to explode. Instead of looking at the problem objectively, they are simply looking from paycheck to paycheck on how to meet the next payroll.

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DEBT is the Achilles Heel of the globalist establishment… and pulling your money out of the banking system is the way to deal a DEATH BLOW to tyranny

Image: DEBT is the Achilles Heel of the globalist establishment… and pulling your money out of the banking system is the way to deal a DEATH BLOW to tyranny

(Natural News) After U.S. markets peaked in September nearly two years after Donald Trump’s victory came with the promise (and delivery) of pro-growth policies, investors got a scare in December when several factors combined with interest rate hikes by the Federal Reserve to drive down indexes.

The Dow Jones, Nasdaq, and the S&P 500 all finished the year lower than they were in September. Worse, there are predictions that 2019 could hit markets harder. 

Bank of America just polled 234 panelists who manage more than $645 billion in investments where they think global growth is heading over the next 12 months, and 60 percent said it will be negative. 

On top of this potential nightmare scenario is the fact that governments around the world comprising the largest economies have nearly all become debtor nations that are one economic calamity away from global collapse.

As noted by Robert Gore at The Burning Platform blog, France’s Yellow Vest protesters may have inadvertently hit upon a way to bring about the collapse of the fiat money and debt system that is sustaining the very governments which increasingly suppress the people they are supposed to serve.

Gore notes that in recent days the French protesters — whom, you recall, took to the streets in response to a massive gasoline tax pushed by President Emmanuel Macron to fund France’s contributions to combat “global warming” agreed to at the Paris Accords in 2015 — have advocated a run on the country’s banks. Such a run, if it occurs, could actually start a chain reaction that would spread to other ostensibly wealthy countries including the United States.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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