Martin A. Armstrong - Economics

[Indiana Jones]

De volgende stap zal wel zijn dat elke Amerikaan 'n chip zal ingeplant krijgen zodat deze permanent via de satellieten in kaart kan gebracht worden.

en elke Europeaan .....

[Indiana Jones]

What we face is the final days of Marxist-Keynesianism that justified centralized government planning of the political-economy. China and Russia both began their collapse in 1989 as the first leg of Marxism collapsed – outright Communism. The fundamental flaw of this entire theory is that government knows best and it will regulate and manipulate society by laws. The problem with this theory has been the establishment of a massive government bureaucracy that only furthers its own power. This entire NSA scandal is part of this crisis in abuse of government. All governments constantly seek to expand their power and in doing so, they always become far more dangerous to the long-term survivability of society.

John Maynard Keynes (1883-1946) in all fairness admitted his theory was wrong. Just prior to his death in 1946, Keynes told Henry Clay, a professor of Social Economics and Adviser to the Bank of England at the time that he hoped that Adam Smith’s Invisible Hand would help Great Britain get out of the economic depression it was in following its peak in 1914 and loss of the once great status of being the Financial Capital of the World. Keynes told Clay: “I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.”



From a practical perspective, this Marxist-Keynesianism that has manifested in “Socialism” is constantly cast as the epic battle of the poor against the rich and that government will somehow correct that imbalance. But in truth, what emerges is anything but that battle. It becomes the battle of the moneylenders against all classes within society and that historically is what destroys empires, nations, and city states burying them in a common grave. Pictured above is the accumulative interest expenditures of the United States. When we set aside the nonsense of Democrat & Republican (Left v Right) politics and we look at this issue through the unbiased eye of facts, what emerges is the demonstration of how stupid society really is. About 70% of the total outstanding national debt did not go to help the poor, but it goes to pay interest on the borrowing.



If you think for one moment that politics has anything to do with this, you are wrong. One side argues the rich do not pay their “fair share” in taxes when in fact the defined “rich” (household income above $250,000) pay 86% of all income taxes. They then borrow from the poor through withholding taxes, return it as a “refund” and they are cheered as a hero. In reality, they are borrowing from the poor and not even having the dignity to pay them interest. It is as if someone stole your wallet, and then returns it to you pretending they found it and you thank them profusely.



Defining the rich and who they are has been a shell game that they count on the people being too stupid to figure out. During the 2010 elections, Vice President Joe Biden had the audacity to claim the Republicans were the party protecting the “super rich” without ever stating that was household income of $250,000, not even individual income. He deliberately misled people creating the image of billionaires rather than household income of $250,000. Granted, going into World War II, the “rich” use to be individual income of $5 million when a Cadillac was just $600. That is when being a millionaire use to mean something.



The tax brackets have been as high as 94% in 1945. It does not matter who you are and how much you make. It is against human nature to be an economic slave where you work and hand over 94% of your earnings to the boss. Even serfdom you kept 20%. We may have outlawed private slave ownership, but we did not outlaw state slave ownership. The United States owns every person born in the country or outside if by American parents. Americans are taxed on worldwide income. The theory of taxation outside the USA was clear. You pay taxes if you live there because you are receiving the benefits of the services. In America, you pay taxes just because you are a slave owned by the government like an African slave they once freed only from PRIVATE ownership. You pay the government taxes not as your “fair share” when you do not use any services as in other countries (other than Japan), but because you are state property.



We are preparing the SOLUTION to the crisis we face constructed upon decades of research and simple facts – not wrapped in a political agenda. This will be available before then end of 2013. We have provided an outline proposal that was submitted to the Cyprus Government.

Cyprus Proposal

We also conducted a special seminar on the Sovereign Debt Crisis held in Philadelphia. This is available on DVD.

[doubleyou]

De volgende stap zal wel zijn dat elke Amerikaan 'n chip zal ingeplant krijgen zodat deze permanent via de satellieten in kaart kan gebracht worden.

en elke Europeaan .....

Het is wel actueel, maar zo'n mooi belastingsprookje is dat in België niet : I'm not


Morgen viert België opnieuw als laatste EU-lidstaat zijn 'Tax Liberation Day', de fiscale bevrijdingsdag. Belgische werknemers worden niet alleen het zwaarst belast in Europa, ook hun belastingen nemen toe, meldt Ernst & Young. 'Tax Liberation Day' is de kalenderdag waarop een werknemer in theorie stopt met werken om belastingen aan de staat te betalen en zijn/haar inkomen mag houden.

"Wat nettoloon betreft, nemen de Belgen -wereldwijd gekend als één van de meest talentvolle en productiefste- in de EU de tiende plaats in. Door de belastingen zijn ze in Europa echter de duurste arbeidskrachten", stelt James Rogers, co-auteur van de studie.

België in EU
Een werkgever besteedt in België voor een typische werknemer 2,52 euro, waarvan na het betalen van belastingen 1 euro netto overblijft. Het 'reële belastingtarief' van een Belgische werknemer bedraagt nu 60,25 %, in vergelijking met een EU-gemiddelde van 45,06 %.

"Beleidsmakers moeten beseffen dat constructieve maatregelen noodzakelijk zijn om de aantrekkingskracht van België op korte termijn te verbeteren", zegt Herwig Joosten, Managing director van Tax EY België. "Een grondige hervorming van de arbeidsmarkt zou de vooruitzichten voor de export in België kunnen verbeteren."

Verkeerde denkspoor
"De recente invoering van een aanvullende complexe belasting, de zogenaamde 'fairness tax', voor grotere internationale bedrijven, geeft aan dat politici niet het juiste denkspoor volgen. Enkel een meer rechtszeker en competitief fiscaal klimaat zijn een garantie voor groei en tewerkstelling in een land dat zo afhankelijk is van internationale investeringen. Men moet structureel besparen in de plaats van structureel meer te belasten", aldus Jooosten.

'Tax Liberation Days' 2013 in de EU

Cyprus 14 maart
Ierland 24 april
Malta 29 april
Verenigd Koninkrijk 13 mei
Bulgarije 18 mei
Luxemburg 25 mei
Portugal 4 juni
Denemarken 6 juni
Slovenië 7 juni
Polen 12 juni
Spanje 12 juni
Estland 14 juni
Griekenland 17 juni
Litouwen 18 juni
Finland 19 juni
Tsjechië 19 juni
Slovakije 20 juni
Zweden 22 juni
Nederland 27 juni
Letland 27 juni
Roemenië 1 juli
Italië 10 juli
Duitsland 13 juli
Hongarije 16 juli
Oostenrijk 23 juli
Frankrijk 26 juli
België 8 augustus

=============================

Indien iemand zich geroepen voelt om die cijfers nogmaals naar alle politiekers hun persoonlijk mailadres te droppen, please feel free !

[Adamus]

De volgende stap zal wel zijn dat elke Amerikaan 'n chip zal ingeplant krijgen zodat deze permanent via de satellieten in kaart kan gebracht worden.

en elke Europeaan .....

Incl. dodelijk virus -ongekende mogelijkheden. Waarom zou de elite zoveel lastposten op haar nek willen? Denk aan goldbugs

[Adamus]

"Wat nettoloon betreft, nemen de Belgen -wereldwijd gekend als één van de meest talentvolle en productiefste- in de EU de tiende plaats in. Door de belastingen zijn ze in Europa echter de duurste arbeidskrachten", stelt James Rogers, co-auteur van de studie.

Politiek zal zeggen dat het, de talentontwikkeling en veerkracht, uit de faire belastingen wordt betaald.......

[Paul]

http://armstrongeconomics.com/2013/08/14/gold-outlook/

The diehard bulls are already proclaiming the low is in place so buy – buy – buy. Gold should press higher into next week, but the Weekly Bullish Reversal stands at 1423 and the year-end resistance will be 1435. The big turning point is still next January. So we are about $100 below major resistance. This diehard bullishness swearing every time this is it, is perhaps what has to break before we get the real bull market. Gold never got through the 1980 high adjusted for inflation $2300. It has been the worst performing asset with equity and, real estate advancing far more. The Dow stood at 1,000 in 1980 when gold was $875. The Dow has come close to 16,000 and gold could not break $2,000. It is all about time. You cannot have gold blasting up and everything else is not in line. But again, these people only look at gold and ignore the rest of the markets.

The time will be right. But patience is necessary. The problem with the Goldbugs is they are just always bullish and by constantly talking the same game no matter what, real unbiased investors get turned-off. This damages the credibility of the metals and makes a lot of people look at them as a joke rather than an asset class. It would be if a stock broker constantly said buy – buy – buy, even when the Dow declines.

[Indiana Jones]

Emerging Markets Collapsing
Posted on August 19, 2013 by Martin Armstrong

India’s biggest two-day stock market slide since 2009, surging bond yields and a plunge in the rupee to a record low are pressuring officials for fresh steps to stem capital outflows and support the economy, one reason behind the 10% tax on gold. Then there is the analysis of China conducted by the Economist that showed the GDP growth was not really there with a $1 trillion hole.

**********************************************************************************
This is part of the shift in capital flows that appears to be underway. If we look at what took place when the ECM turned in 1987.8, the capital outflow was from the USA so we saw the crash here. The capital shifted and then poured into Japan and that created the Bubble Top in 1989.95.


**********************************************************************************
This time, the 2013.6 crash appears to be in emerging markets and this is sending the capital flows into the US. When this turns down in 2015.75, then we will see a significant collapse in capital formation once again.


**********************************************************************************
Politicians are clueless and their policies are more like strip-mining. They are destroying the economy right down to the foundation and fail to grasp that they keep raising taxes to support unfunded liabilities for state workers. This is destroying the productive sector of the economy to fund the sector that produces nothing to increase the national wealth.

[Indiana Jones]

Voor wat bovenstaande post van Armstrong aangaat, past dit liedje van Phil daar misschien wel bij.
Verder ..... keep on the good faith, faith in yourself en keep on trying .... over and over again!

=====================



Lyrics:

I must've dreamed a thousand dreams
Been haunted by a million screams
I can hear the marching feet
They're moving into the street.

Now did you read the news today
They say the danger's gone away
But I can see the fire's still alight
Burning into the night.

Too many men
Too many people
Making too many problems
And not much love to go round
Can't you see
This is a land of confusion.

This is the world we live in
And these are the hands we're given
Use them and let's start trying
To make it a place worth living in.

Superman where are you now
Everything's gone wrong somehow
The men of steel, men of power
Are losing control by the hour.

This is the time
This is the place
So we look for the future
But there's not much love to go round
Tell me why, this is a land of confusion.

This is the world we live in
And these are the hands we're given
Use them and let's start trying
To make it a place worth living in.

I remember long ago -
When the sun was shining
The stars were bright
All through the night
And the sound of your laughter
As I held you tight
So long ago -

I won't be coming home tonight
My generation will put it right
We're not just making promises
That we know, we'll never keep.

Too many men
Too many people
Making too many problems
And not much love to go round
Can't you see
This is a land of confusion.

This is the world we live in
And these are the hands we're given
Use them and let's start trying
To make it a place worth fighting for.

This is the world we live in
And these are the names we're given
Stand up and let's start showing
Just where our lives are going to.

[Indiana Jones]

Posted on August 24, 2013 by Martin Armstrong

Relationships Are Never Constant – Everything Fluctuates

COMMENT: “You go on and on, in article after article, saying money is not tangible and never has been. Then, you say in some kind of Mad Max world, gold will be worthless — Rice/food will be money! Rice is not tangible????? Your ideas may be good, but your explanations are convoluted, contradictory and often incoherent.

JC”



REPLY: Because you expect a single explanation for some relationship that is fix. Nothing but nothing is ever a fixed entity. You say rice is “tangible”. But rice has no value unless it is cultivated. The ONLY medium of exchange is labor. You will pay me to do something. The medium of exchange is whatever object of desire but at the root of this derivative is still labor. The first is always food. As society emerges, it then becomes useful objects. In the third stage it becomes luxury goods such as gold, art, or even clothing. Before, gold was viewed as the tears of the sun. It was fit only for kings and served no purpose whatsoever in commerce. ONLY as supply increased (Say’s Law) did it become COMMON enough to be a medium of exchange.



Warehouse receipts were money in Egypt until Alexander the Great conquered them and introduced coins in 334BC. They had the earliest form of paper money long before the Chinese. That was “representative” of food in storage whose value was based upon labor. Karl Marx understood this aspect but tried to flat-line the economy reducing it to just labor.

Commodities have NO VALUE unless labor was involved.

This is what inspired Marx but he ignored the fact that you can move from the essential elements of food and graduate to the land of luxury.



Even Aristotle wrote about the people who made money from money. He was complaining about a market economy that influenced Marx. Cicero warned Rome would go bankrupt because it was importing silks at tremendous export of gold and silver to China in 55BC.

So if you want to nitpick – at the root money is labor for gold has no value unless mined and the same can be said about the silk the Chinese sold to the Romans. And by the way, the term that a Roman Emperor assumed “the Purple” refers to the fact that the imported dye so impressed the emperor that he decreed no other person could wear purple except the emperor. In the Catholic Church during advent the priest wears to this day purple vestments.



So sorry if you see that the lack of a single fixed relationship that never changes is somehow incoherent. The same is true of the silver/gold ratio. That too cannot be constant. Everything fluctuates and no relationship is ever fixed.

[Spruitje]

So if you want to nitpick – at the root money is labor for gold has no value unless mined and the same can be said about the silk the Chinese sold to the Romans. And by the way, the term that a Roman Emperor assumed “the Purple” refers to the fact that the imported dye so impressed the emperor that he decreed no other person could wear purple except the emperor. In the Catholic Church during advent the priest wears to this day purple vestments.

Misschien ook wel de reden waarom het paarse lint bij de diverse koningshuizen (en decoraties) terugkomen?
Het stukje geschiedenis (spiegel op de toekomst) vind ik wel steeds een leuke extra aan Armstrong (met uitzondering van de bladzijden lange epistels over de Romeinse munten)