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.
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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.

Is This the World’s Largest Robot? | Armstrong Economics

Rio Tinto has employed the first fully autonomous train, which many are calling the world’s largest robot. Rio Tinto’s project has eliminated humans and that saves on pensions and salaries. This is the way of the future because of exponentially rising human costs. The train completed its first delivery of iron ore between the company’s Australian Mount Tom Price mine and the port of Cape Lambert on the Western coast. Rio Tinto spent $940 million to develop this project. The train consists of three locomotives and carries around 28,000 tonnes of iron ore making a journey of 280km with no human driver. The trip was monitored remotely by operators at Rio’s Operations Centre in Perth more than 1,500km away. Effectively, this is not so dissimilar from the drone used in the military that is also being monitored from a far away location. The high cost of socialism is driving the field of robotics. The higher the costs of pensions and their lack of feasibility when central banks play with interest rates pretending to be managing the economy has driven the technology into the hands of automation. Governments are in a state of denial and they will continue to raise taxes to try to cover their costs. They fail to look at this crisis straight in the eyes. There is no hope of maintaining socialism and more than there was communism.
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The future?