Let one government come up with a new idea how to extort money from the public, and it spreads like a contagion. Now California will begin issuing tickets to speeding bicyclists as well. I suppose you will soon need a license and then they can threaten to revoke your riding privileges. Will there be a […]
QUESTION: Mr Armstrong, thank you for all that you are doing. I was hoping to get your view on the Indian government banning large denomination bills. What do you think is the reason and why such a small window of time to get them turned in? PB ANSWER: Unfortunately, the theory is that cash prevents […]
Believe it of not, France is now imposing a 10k speed limit for those riding bicycles. They are using radar guns to ticket riders. When governments need money, they are very imaginative on how to come up with new ways to fine people to get their pound of flesh.
COMMENT: You are certainly correct, the money hunt is escalating and it’s becoming ridiculous. I deal with it on a daily basis in the office. What a bunch of fools. J REPLY: This hunt for money is costing business vast amounts of resources and reducing world trade. In banks and brokerage, the back office typically now employs […]
The World Trade Organization (WTO) has warned that there is a “dramatic slowing of trade growth” unfolding. The WTO has revised downward its projections, saying trade is now on track this year to grow at the slowest pace since 2009. The hunt for taxes is destroying the world economy and on January 1, 2017, all governments […]
Canada has a different legal structure compared to the United States. Canada is one of the most decentralized countries in the world where provinces are actually responsible for most major social expenditures as a whole. The Canadian provinces receive large, unconditional transfers from the federal government whereby some provinces receive transfers from the federal government […]
The government has its pawns cheering the end of money. They are screaming that $1.4 trillion exists in cash and half of that is $100 bills. Justine Underhill writes that ending cash could be great for the economy. I think that is only great for government for this is all about getting more taxes. Kenneth Rogoff, the […]
The greatest problem with real estate is you cannot pick up and leave. The Federal Council in Germany is planning to re-evaluate the approximately 35 million homes in Germany. It is now expected that the result is likely to be a significant increase in the property tax. Administrative expenses for the state fund-raising action is very significant and […]
Nigeria has begun the hunt for taxes as they target 700,000 firms as the country is desperate to look for more revenue as its income from oil has collapsed. Nigeria is Africa’s biggest economy and it has entered its first recession in more than 20 years as overspending produces only higher taxes, not economic reform. […]
Police are starting to use Harris Corp’s Stingray. The company has fought to keep its manuals private and an exception to the Freedom of Information Act under the pretense that this would help criminals and terrorists. Of course, the number one police action is rapidly becoming the hunt for money under the presumption that the […]
