Believe it or not, the new theory in government to protect the environment is to force companies to layoff workers. They want to put a toll on workers driving to work in Canada to discourage them from working and forcing companies to close. The Financial Post has reported a story that really makes you think […]
Illinois Comptroller Susana Mendoza was ordered to make a “substantial” dent in a $2 billion backlog of bills owed to Medicaid providers. The courts ruled that according to the State Constitution, it cannot reduce the pension payments to state employees. What is happening in Illinois is indicative of how governments are imploding and why I […]
QUESTION: Mr. Armstrong; You wrote that the 1906 San Francisco earthquake resulted in the Panic of 1907 and laid the foundation for creating the Federal Reserve. I was also told that the Kobe earthquake in Japan is what resulted in the Barclay’s loss. Is this why you also input natural disasters into your model? Has […]
Municipal Bonds are in trouble in Europe as well as the United States. The local level cannot print money, nor are they ever capable of managing their economies. The general view is when short, just raise taxes. Everything comes to an end and we are looking at the end of a Muni-Bond Bubble. The […]
When I was a kid, most police were kind, respectful, and actually there to protect society. Sure, there was some towns that were just greedy. My father took a local post as a judge in Cinnaminson, New Jersey. It was the politicians who told him they want the maximum fine for everything. My father refused […]
QUESTION: Cyberattacks vs. Cash elimination – an argument against eliminating cash. Hello Mr. Armstrong, it is quite apparent that no government, no financial institution, Anti-virus software developer, or either ‘whatever’ is is really capable to stop cyberattacks. Now these people want to eliminate cash, make larger cash amounts illegal. So theoretically these cyber attackers could/ maybe […]
COMMENT: Hi Martin Message from the UK. My brother went into town, and he put a cigarette out on the pavement. Because he took 2 steps away from it before picking it up, he was told, “l believe it was your intention to walk away instead of putting it in the bin” Of which his […]
Governor Jerry Brown never saw a problem that could not be solved by just raising more taxes. This time, the state pension fund is going broke as we have been warning with the building Pension Crisis thanks to mismanagement and low interest rates championed by Larry Summers. California has already increased its gasoline tax by 50% […]
QUESTION: A bank manager at a local bank called and began asking questions about a wire transfer to Panama that we had some difficulty sending. We are purchasing a small house and land in Panama and this was the earnest money of $16,000. She was asking why I was buying the land, when I planned to […]
The International Monetary Fund (IMF) is always the cheerleader to raise taxes to support government. They are instructing Germany to raise taxes and also talking about just imposing a 10% tax on all money that deposits in banks throughout Europe. Yes – you read that one correctly. The IMF has told Germany it should raise […]
