California is trying to scheme to circumvent the Trump Tax Reform which limits deductions to $10,000 in state taxes from their federal returns. Of course, the California press portrays this as punishment for voting for Hillary. But they support higher taxes as long as they get to deduct them from the Feds, which has been […]
Counter-Party Risk Last week (2nd of February, 2018) ESMA (European Securities and Markets Authority) published the results of its second EU wide stress test for CCP’s (Central “Clearing” Counterparties). These tests are conducted under EMIR (European Markets Infrastructure Regulations) and were first published back in April 2016. There are sixteen CCP’s currently under this […]
The conservatives are going nuts about raising the debt ceiling as if this really matters. They claim: “The United States is effectively bankrupt, but that doesn’t matter to the GOP. Once evangelists of fiscal responsibility and scourges of deficit spending, Republicans today glory in spilling red ink. The national debt is now $20.6 trillion, greater than […]
Salt Lake City and the university that runs the hospital have settled paying a Utah nurse Alex Wubbels $500,000 for an illegal and abusive arrest by a policeman Detective Jeff Payne who was demanding she take blood from an unconscious patient in violation of his rights. She refused to take his blood without a warrant. The video […]
QUESTION: Dear Martin Armstrong About The post, “Is There a Way Out of This Financial Mess? “ In the second last paragraph you write, “Taxes have risen as deficits expand because government thinks inflation is the danger.” Link: Shouldn’t that be Deflation? Thank you for doing what you do. U ANSWER: No. I agree […]
