Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
The Preparation for Seizing Private Pensions
The pension crisis is going to be the HUGE issue in 2017. Obama is supporting about a 20% reduction in military retirement benefits. This is how such things are done. It is the way lame-duck Presidents leave office doing the nasty things nobody will admit who has to stand for election. So those on their way out do the dirty work. This is just the beginning.
Obama could not get Congress to pass the takeover of private pensions. So what he did was to revise the regulations to allow states to take over private pensions. California may be one of the first states to do this. As the Pension Crisis looms, we will see your worst nightmare become reality. They will MOST LIKELY begin with corporate pensions. Actually seizing private pensions will probably be left for the lame-duck Congress in 2018. Keep in mind that Hillary would support the seizure of private funds to throw in the pool with public pensions to buy more time before it all comes crashing down.
Latest Posts
Eric Adams Leaves the Democratic Party
New York City Mayor Eric Adams, the man who fought tooth and nail to maintain sanctuary city status for migrants, has abandoned the Democratic Party. The Democrats have become so [...]
Trump vs Putin
https://www.armstrongeconomics.com/wp-content/uploads/2025/04/Zelensky-Reniggs.mp4 QUESTION: I take it you agree with Putin that Zelensky is not legitimate and that Trump is wrong. Would you care to explain your position? WG ANSWER: I [...]
Market Talk – April 3, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 989.94 points or -2.77% to 34,735.93 • Shanghai decreased 8.12 points or -0.24% to 3,342.01 [...]
