China the Coming Financial Capital of the World | Armstrong Economics

QUESTION: Dear Martin, During the WEC in Rome you’ve mentioned that center of finance moving to Asia after 2032. I’m wondering if work ethics from a country with no religion can be sustainable for so many years? My assumption is if the religion helped to shape the Europe’s success (and not any other part of the world at that time) and later on the USA (with religious work ethics), can it be preserved in China or will it fade away as people over there don’t want to work (they only do that in order to survive) ? Sorry for the strange question but didn’t manage to ask you during the WEC Rome on your thoughts on this topic, Thank you, MK ANSWER: The work ethic is not really derived from religion but from the freedom under capitalism. Both in Russia and China, people retained their religious beliefs but in secret. Chine practiced the Tall Poppie Syndrom where they did not care what you thought provided you did not stick your head up above others. Russia under Stalin was one of paranoia. He directed children to report on their parents. This is why China has boomed for it left humanity intact. The Chinese are highly motivated to work more so than in the West. It is part of their culture. Nevertheless, at some point, China will peak and then decline. The cycle will then return to Europe and then off to the Americas. As society expands, the birth rate declines and people want to enjoy the good life. You even see that is Augustus’ Family Laws.
— Read on www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/china-the-coming-financial-capital-of-the-world/

A Strong US Dollar is the Only Way to Create Change | Armstrong Economics

COMMENT: It is interesting how these people take your interviews and inject headlines like you say the dollar will collapse in April 2019 when you have said exactly the opposite. Just unbelievable how these people use your name to promote their BS. JD REPLY: I know. They keep preaching the dollar will collapse when it is exactly the opposite. They are trying to sell their biased view which is always based upon the idea of the quantity theory of money – the same exact philosophy used by the central banks in Quantitative Easing. The ONLY way the monetary system will break is with a STRONG dollar – not a weak dollar.The monetary system has broke ONLY when the dollar rises as in 1934 and 1985. The US always wants a weak dollar to increase corporate profits and and create a trade surplus. It is really quite amazing how these people keep preaching the same nonsense for decades and have never been right for more than 30 years.
— Read on www.armstrongeconomics.com/markets-by-sector/foreign-exchange/usd/a-strong-us-dollar-is-the-only-way-to-create-change/

The Next Major Shift in Society | Armstrong Economics

QUESTION: Do you see this new age of the internet destroying jobs that result in a Great Depression as you have illustrated with the advancement of the combustion engine in altering the agricultural economy as we move into the future? What is the future for our children? Thank you KL ANSWER: Society historically moves through these great advancements. As an empire rises, civilization expands where coming together means the sum is greater than the individual or small bands of tribes. The oldest known city, discovered in Turkey, shows advanced houses with wall paintings and modern advancements. Coming together created more jobs where someone artistic could then create paintings in houses rather than tilling the soil. Civilization becomes the key to advancement. What then happens is the government becomes corrupt and greedy. Once you reach that stage, people begin to leave the main centers. In the case of Rome, it peaked around 180 AD with a population of about 1 million and it collapsed to just 15,000. As people fled the cities due to corruption, society then moved back to fragmentation and into the feudal age. People then worked as serfs, tilling the soil for the landowner, and received free lodging along with 20% of the crop. Then the Black Death came and wiped out 50% of the population during the 14th century. Suddenly, there was a shortage of labor so landlords began to pay wages on top of the free lodging and food deals. Government smelled the money and began to tax. This led to the first tax rebellions during the 1300s. The first peasant tax uprising over taxation was in France during 1358. This was followed by a similar uprising against taxation in England led by Wat Tyler in 1381 that was a bloody affair. With the invention of the steam engine, the industrial revolution began. Trains became the 19th-century version of the internet. This gave birth to mail order. Suddenly, companies like Sears could publish a catalog and it was distributed around the country by trains. People would go to a local general store and order from the catalog and Sears would then ship the order by train. It is the very same business model as we see today with Amazon, it is just more instant now with the internet. This time, there is no need to go to the general store to order. You do that online, so now the modern business model replaces the general store. Governments have relied upon consumer taxes, so as stores vanish, they will go after sellers on the internet which creates a question of jurisdiction legally. How can a state punish a company who is not located in their state? How can they demand they pay taxes when there is no right to representation in that state? Sounds familiar – NO TAXATION WITHOUT REPRESENTATION! The bottom line is always the same. The taxation and rule of law have collapsed and moved into the same position that threatens the break-up of nations, once again, as has every empire to date. In this regard, the internet is not merely the next advancement in society so children should be looking at technology for the future and not the old traditional jobs. The various governments will collapse for they have abused their power and are unsustainable. Society will have to go through a readjustment on a major scale. It is not all doom and gloom. This is also a fantastic opportunity to hit the control-alt-delete button and begin anew.
— Read on www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/the-next-major-shift-in-society/

A May Day Reality Check: High Immigration Hurts U.S. Workers | ImmigrationReform.com

On International Workers’ Day, it’s worth remembering how the American worker is negatively impacted by mass immigration. Read more at ImmigrationReform.com
— Read on immigrationreform.com/2019/05/01/a-may-day-reality-check-high-immigration-hurts-u-s-workers-immigrationreform-com/

Especially at the entry levels in the job market for low skilled jobs. It also keeps wages low.