debt

‘Daily Show’ Host Trevor Noah to Alexandria Ocasio-Cortez: How Will You Pay For Your Agenda? | Video | RealClearPolitics

Posted on by johnbarleycorn12

Democratic party phenom and socialist NY Congressional candidate Alexandria Ocasio-Cortez appeared on The Daily Show Thursday night and was asked by host Trevor Noah how she plans to pay for her agenda:

One of the things that we saw is, if people pay their fair share, if corporations and the ultra wealthy — for example, as Warren Buffett likes to say, if he pays as much as his secretary paid, 15 percent tax rate, if corporations paid — if we reverse the tax bill, raised our corporate tax rate to 28 percent … if we do those two things and also close some of those loopholes, that’s $2 trillion right there. That’s two trillion dollars in ten years.

If we get people to pay their fair share, that’s $2 trillion in ten years. Now if we implement a carbon tax on top of that, so that we can transition and financially incentivize people away from fossil fuels, if we implement a carbon tax — that’s an additional amount, a large amount of revenue that we can have.

Then the last key, which is extremely extremely important is re-prioritization. Just last year we gave the military a $700 billion budget increase, which they didn’t even ask for,” she said. “They’re, like, ‘we don’t want another fighter jet!’ They’re, like, ‘don’t give us another nuclear bomb,’ you know?

(via Hot Air)
— Read on www.realclearpolitics.com/video/2018/07/27/daily_show_host_trevor_noah_to_alexandria_ocasio-cortez_how_will_you_pay_for_your_agenda.html

Wow 😮

2019: The Three Trends That Matter

Posted on by johnbarleycorn12

The Best in uncensored news, information, and analysis
— Read on www.blacklistednews.com/

I tend to agree with what is said here. The working class is more important than the elites would have you believe. Take any of the big cities in the world and ask, are they self sustaining, no way. They import food, and energy in various forms from all over the world. These cities cannot feed themselves. Without the working class that produces food, energy,and maintains infrastructure, these cities would crumble under their own weight.

Yet the elites in these cultural Mecca’s, who live like ants right on top of one another, look down their noses at the very people who have them on life support. All the while over taxing their hard earned wages to fund utopian pipe dreams of the elite.

The working class can get by without the elites, while the elites can’t say the same about the working class. If all the big costal cities fell into the ocean, the rest of America would know how to survive.

JohnBarleycorn

UN Admits Paris Accord Will Never Work | Armstrong Economics

Posted on by johnbarleycorn12

The latest on the global warming front is a UN report on the “emissions gap” that admits the Paris Accord would never work. The UN has admitted that the environmentalists have made dire forecasts that assumed whatever trend was in motion would remain in motion. They ignored all other evidence and cycles. Even if every country did 100% of the UN mandates, the Paris agreement will provide only a third of the cuts in greenhouse gas that environmentalists claim are needed to prevent catastrophic warming. The assumption is cycles do not exist and only humans are responsible for everything. They admit that even if every country involved in those accords complied with their pledges between now and 2030, temperatures would still rise by 3 degrees celsius by 2100. The goal of the Paris agreement was to keep the global temperature increase to under 2 degrees. This is the problem when they make such bogus forecasts to try to scare people into their way of thinking. They want to end industrialization, prevent driving, flying, and watching TV because creating electricity is a problem. Kill all the cows and anything else that eat grass (which may include vegetarians) and go back to just hunting and gathering. However, they also want us to eat things raw and not cook because fires also create CO2.
— Read on www.armstrongeconomics.com/world-news/climate/un-admits-paris-accord-will-never-work/

These countries have spent their way into a vortex of debt that can never repaid. Now the politicians are hunting for tax revenue, and a carbon tax is the Trojan Horse. The yellow vest movement in France has figured this out. JohnBarleycorn

72% of Democrats Hate Russians | Armstrong Economics

Posted on by johnbarleycorn12

The question of the Democrats to win in 2020 by constantly investigating Trump and links to Putin while they blame Putin for releasing emails that exposed the corruption within the Democrats is coming up in spades. While the USA has been warning everyone not to deal with Venezuela, Russia then has to step in and agree to ship 20 tons of gold out of the country. Putin is only doing this because the Democrats have deliberately sacrifice all relations with Russia simply to score point domestically against Trump. Not only has every president tried to work for world peace since World War II, but just about every Miss America has said when contending for the crown she prays for world peace. There is an anger that has consumed the people and the politicians. It is even self-evidence in sports. The San Francisco 49’ers use to dominate the sports league. Most people admired them. They use to look up to stars like the Chicago Bulls and the great Michael Jordan. Today, the Patriots have replaced the 49’ers but they are probably the most hated team in history. This attitude is reflected in politics as well. Just because the person you voted for lost the presidency, there was none of this “he’s not my president” stuff. We accepted the lost and moved on. Those days are simply gone. Regardless who wins in 2020, you can bet on one thing. They losing side will NEVER accept the loss. Violence will grow and spread. We will see the average person unwilling to actually accept democracy. This rising anger is clearly growing between the USA and Russia. The latest Gallop Poll shows that 72% of Democrats hate Russia and it’s all about Hillary’s emails. This is very serious for against that type of bias lies the easy step to war and they will think it is justified especially when the economy turns down.
— Read on www.armstrongeconomics.com/international-news/politics/72-of-democrats-hate-russians/

It seems that the Russians are the scapegoat for the failed thinking of the Democratic Party. They put up a candidate with more baggage than Sansomite , with a hard to like personality, seemingly with some obvious health problems, and they lose to a political outsider. The deep state, liberals, leftists, women’s groups, Wall Street, the corporate media establishments, big tech, big pharma, the war hawks, and the establishment Republicans all wanted her to win.

The torrent of hatred toward Trump shown by these same entities is unprecedented in my lifetime. This is just more proof that denial is not just a river in Egypt. Hillary’s supporters wanted more of the same. Trump and Congress are still spending record amounts of money and spiking the national debt to even higher levels.

I would say in regard to the debt and government spending, we have gotten more of the same. You can’t drain the swamp by continuing to feed it. “The government is like a dragon 🐉,the more you feed it, the bigger it gets, it will never get smaller” Lao Tsu

JohnBarleycorn

Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? | Wolf Street

Posted on by johnbarleycorn12

Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? | Wolf Street
— Read on wolfstreet.com/2019/01/31/who-bought-the-gigantic-1-5-trillion-of-new-us-government-debt-over-the-past-12-months/

This is the issue that will eventually bring this country to its knees. This is more money than people can fathom, let alone the interest we pay on it. Politicians are still spending more money than we take in, and this will end badly.

The only way out for all of these countries with massive debt like ours will either be a default or the globalist banking cabal creating a global currency and forgiving all debt. Either way this ends badly, especially for the most vulnerable. JohnBarleycorn

Governments Are Sucking in Assets like a Black Hole | Armstrong Economics

Posted on by johnbarleycorn12

QUESTION: Hello Sir, I am French and have been reading you for many years (I already read you while you published papers while you were very unfairly imprisoned). I signed up for Socrates on 6th January and must thank you warmly for opening my eyes to the real state of the global economy and its cycles. Unfortunately, I live in France and taxes weigh heavily on us. Unemployment is preponderant. I do not think our President E.Macron knows exactly what he is doing by reforming our economy in his own way… My question please: You explained that the next crisis would be a debt crisis and that banks and the economy would be severely heckled. So, I really think about quickly withdrawing my assets (about 50,000 euros) from the bank and I wonder if converting them into foreign currency and keeping them in a safe in my house would not be a good idea … If the euro is devalued or disappears as I fear, would not it be smart to convert them as soon as possible into Swiss francs? Indeed, their economy seems stable and it is really a country apart, bordering on France. (Of course, I also thought about owning dollars and yen (although the yen inspires me less confidence) Thanking you for everything you do for us, Sincerely, F.C ANSWER: Dollars are probably the best because the USA does not cancel currency as they do in Europe. Dollars from 1860s are still legal tender today. You might want to open an account in the USA, which ironically is not part of the tax reporting schemes. Therefore, you can have an account in the USA with no problem for probably the next 3 years. Governments are becoming like a black hole. They are sucking up all the money to sustain their existence. Keeping cash at home in a safe is good. Keep in mind that you will never be able to travel with even $10,000. That is why I say opening an account may be best. The cash problem is still unfolding as the governments try to eliminate paper money. I doubt Trump would allow that to happen in the States. But once Trump is gone, it really does not matter if the next president is a career politician from either party. They will look at eliminating cash to increase taxation. That is when it will be keen to have tangible assets (equity mostly). Precious metals may have the same problem as cash insofar as if you attempt to travel with it. That is the whole problem going forward. They are closing in on the movability of money.
— Read on www.armstrongeconomics.com/world-news/taxes/governments-are-sucking-in-assets-like-a-black-hole/