Toll-Road Giant Abertis Just Doubled its Debt to €22 Bn to Pay a Special Dividend to the Companies that Acquired it Last Year – Rigged Game

The acquisition created the world’s biggest toll-road operator. But it was costly. And one of the acquirers, Atlantia of Italy, is now in trouble because its bridge collapsed, killing 43 people
— Read on riggedgame.blog/2019/03/12/toll-road-giant-abertis-just-doubled-its-debt-to-e22-bn-to-pay-a-special-dividend-to-the-companies-that-acquired-it-last-year/

Finland Government Collapses & Why the Media is Silent | Armstrong Economics

QUESTION: Mr. Armstrong; Your movie the Forecaster was on TV here in Scandinavia. That introduced me to your research. When I discovered your film was on TV in Europe, Canada, and Asia, but not the United States, that merely confirmed the corruption in New York. Here in Finland healthcare is comprehensive and it is taking down the government. On Friday, the government in Finland collapsed after it was unable to reform healthcare. Every aspect you have written about is unfolding. Why will mainstream media not report your success? UVH ANSWER: Healthcare is destroying Western Civilization for the costs are far too high. Because they have been subsidized by the government, they have not been subjected to the normal business cycle. They just always have their hand out in uptrends and down. The government in Finland resigned on Friday after they failed to come up with reform to cut costs in healthcare. Between that trend and government pensions, these two forces are putting pressure to keep raising taxes and lowering the standard of living for everyone else. This is what I mean that we are in the stages of a collapse in socialism. There should be no government pensions where people have not contributed anything toward their future. Healthcare MUST be cut off and forced to be competitive. Obamacare was all about cheating the youth and forcing them to pay for healthcare they did not need to reduce costs for those who did need it. This is the hallmark of socialism – how to live off of other people’s money. As far as the press is concerned, the prevailing view is that they very much understand it is all about CONFIDENCE. A market crashes and the head of state comes out and tells the people everything is fundamentally sound. Can you imagine if he went on TV and announced the economy is going to completely collapse for 2 years? People would panic. The prevailing belief is that even in the face of collapse, you must always point in the other direction. Mainstream media will not report something that would warn of such a crash. The government would be on the phone and ask what are they doing? So it is not some conspiracy against me personally. They are not ready to publish such information. The Wall Street Journal published this chart of the business cycle ONLY when the low was coming into play to restore confidence. They will publish what I have had to say ONLY at the bottom and then tell the world this is the guy who predicted the collapse, and now he says it is over. In 1987, we forecast that the low would hold and new highs would unfold by 1989. Larry Edelson in the movie even talked about that. This was when brokerage houses were offering $100,000 for me just to speak for a few hours telling everyone I forecast the market crash and was now forecasting new highs. So it was to their advantage to bring me out. Here is a short video clip of an introduction by TIR securities back then in London for that very purpose. That is just the way it works. It is not a personal conspiracy outside the United States where, yes, the press defends the banks so they cannot report what I have to say. I have even written for the Wall Street Journal. While I have not submitted any Op-eds ever since I seriously doubt that would publish it. Perhaps I should try just to prove that point.
— Read on www.armstrongeconomics.com/world-news/pension-crisis/finland-government-collapses-why-the-media-is-silent/

One point that is missed here is the rising cost of health care premiums and co pays for working Americans. Our premiums have more than doubled under Obamacare and co pays have tripled in many cases. The working class is bearing the brunt of this bad idea. While the politicians themselves are exempted fro Obamacare, including Obama.

Food Riots of 1795 Due to Climate Change | Armstrong Economics

The British had a long tradition of striking tokens for political purposes. There was Climate Change back then as well and it resulted in massive riots over shortages of food. The British also even issued a protest Bank of England note that stated the mere possession of a counterfeit was punishable by death. The protest was people who unknowingly accepted a bank note that was counterfeit were being routinely hanged, but the law also meant that all their assets were then forfeited to the Crown and any family was thrown out on the street. Therefore, there has been a wealth of private tokens issued by the British to record various political issues over the centuries. On February 1st, 1796, the weather had turned bitterly cold and crops had been failing. There were food riots emerging over the price of bread which culminated in in an assault upon King George III and Queen. In fact, Queen Charlotte was struck by a stone as she and King George return from a trip to the theatre. It was during the extremely cold winter of 1794-1795 where even the Thames River froze over and temperatures reached -6 (21c). A deep freeze began on December 20th, 1794, and continued until February 7th, 1795. Even when the thaw came, this resulted in major flooding of the rivers which devastated the surrounding farmlands. The weather resulted in a great famine. According to the Geast chronicler, the government had to act providing the poor a public subscription that provided bread and coal to be sold at a subsidized price. In some exceptional cases, it was provided free only when it was obvious the people could not pay. The number of deaths between 1794 and 1795 more than doubled because of the weather and crop failures. The death records of this period show that as food became scarce, disease spreads. About one-third of the deaths are attributed to disease rather than just hunger. Clearly, when there is malnutrition, diseases such as Small Pox spread rapidly. Nevertheless, as spring and summer arrived during 1795, it never really warmed up very much. There were recorded frosts well into June of 1795. Countless animals also died from the bitter cold as the grounds froze and nothing grew. The wheat harvest of 1794 had been very poor, for the summer showed extreme volatility in temperature. As we see today, the summer of 1794 was very hot and dry resulting in crop failures during that season due to the lack of rain. Today, they would call this proof of Global Warming when in fact historical records reveal such extreme swings between heat and cold are not modern events. The prices of all agricultural and livestock products rose dramatically. Then, the extreme cold and floods of the following winter affected crop production and prevented farmers from undertaking fieldwork. The bad weather during the spring of 1795 was also detrimental to agricultural production. A sack of flour costing £2.4s. in 1794 cost £4.3s. in 1795. Food prices soared because of the weather. Our models are warning that we DO NOT face Global Warming, but these same dramatic swings in temperature with colder winters and dryer summers. TIME Magazine on March 4th, 2019, ran a piece on the Australian drought and attributed it, of course, to human-caused climate change. The exact same patterns of the 1790s demonstrate that this is a natural cycle, not unknown to history, and it must be understood what is really happening or millions of people will die waiting to people to end airfare and stop driving their cars and politicians to find someone else to tax. Great Britain had been at war with Revolutionary France since 1793, therefore much of the wheat that was produced was bought by the government to supply the army and navy. Moreover, the war at that time prevented the importation of grain into Britain by ship for they would be attacked in the war. This combination of war and weather brought the country to the brink of famine and food riots. By the summer of 1795, the price of bread had doubled at around 1s for a 4lb loaf. The weekly wage of a skilled worker was around 10s per week. The lower skilled laborers were paid as little as 5s per week. We can see that bread at 1s could be 20% of the weekly wage. As prices soared, millers would hoard grain in anticipation of continually rising prices. Why sell now when you could get more next week? We see the same thing take place during storms. Prices soar and even things like air tickets and gasoline rise in front of a hurricane. This is human nature. It always takes place despite laws against price gouging in a crisis. During 1795 and 1796, the shortages, high prices, and profiteering practices all combined to produce food riots throughout the country. There was a riot involving about 200 people that erupted in Tewkesbury, England, on Tuesday, June 24th, 1795. Flour was waiting at Tewkesbury Quay to be transported by water to Birmingham where prices were even higher. On the following day, Henry Fowke, the Town Clerk of Tewkesbury, wrote to the Home Secretary, Lord Portland, reporting the event. My Lord I do myself the Honour of addressing Your Grace on the subject of extreme Rioting at this place yesterday. Several Quantities of Wheaten Flour were forcibly taken out of the Barges at the Quay & carried off by divers Persons, chiefly Females – The civil force was convened with all possible Dispatch, & after much difficulty & confusion, the Riot was suppressed, & the ringleaders committed to the county rather than the Borough Goal, as more secure – The appearance of the Town this morning, I have the pleasure to say, is pacific. I have thought it my Duty to acquaint Government, through Your Grace, of this transaction. With the greatest respect, I am My Lord, Your Grace’s most obedient servant Henry Fowke Town Clerk of the Borough of Tewkesbury Tewkesbury 25th June 1795 (Home Office: Domestic Correspondence, George III (Letters & Papers), National Archives HO 42/35 (online).) Many people were arrested and the government feared there would be yet another riot in an attempt to free them from prison many of whom were women. As a response, the government transported the prisoners to Gloucester. Many of those detained women and the city’s gaol register records the details of the charges and names four of the prisoners. They were charged effectively as terrorists. They were charged with inflicting the terror of his Majesty’s subjects and in breach of the peace. They would remain in prison until trial in late July. Many were able to carry off sacks of flour which had been the property of a James Lamb who was presumably the buyer in Birmingham rather than the seller in Tewkesbury. As is said, starve a man and the most honest soul will become a thief.
— Read on www.armstrongeconomics.com/markets-by-sector/agriculture/food-riots-of-1795-due-to-climate-change/

A reoccurring theme in historical perspective.