The Future The Good and the Bad | Armstrong Economics

COMMENT: Good morning Mr. Armstrong, Thank you for your service to Mankind! I look forward to seeing you and Vicky again in Orlando. I was reading your Blog on stem cells and felt compelled to send you the attached. … One other item of note; one of my other clients had their boat seized in the Bahamas by Bahamian customs for failure to have a cruising permit. The family was told there is a $10,000 fine to release it. The boat was dry docked in the Bahamas for the last 2 years after their parents passed. I had no luck calling the Bahamian customs so I called the US Embassy who is also having difficulty having their calls returned. Now that you are in Florida, be careful if you go to the Bahamas. Best, J REPLY: Yes, I am familiar with the advances in this area. They are quite remarkable. And you are correct. The Bahamas is not the only place hunting money. This is all part of the collapse of socialism. This insane process of borrowing with no intention of paying off the debt is starting to explode. A simple 1% increase in interest rates will send budgets soaring. We have reached the point of no return in the Sovereign Debt Crisis. We will be looking at Asia and how it will deal with this same debt crisis at the Singapore WEC in June. Most people have no idea that the China debt is 250% of GDP compared to the USA at 103%. All this focus on the collapse of the dollar has led to so many taking their eye off the real time-bomb ticking away. It is laughable how so many pretend analysts never bother to really do the research. They are clueless as to how the world monetary system would even collapse. All they do is constantly talk about the Fed, US national debt, and the dollar as they remain oblivious to anything taking place around the world. With respect to medicine, we are on the verge of some very important advances. So that’s the good news.
— Read on www.armstrongeconomics.com/world-news/sovereign-debt-crisis/the-future-the-good-and-the-bad/

Australian Tax Office Scandal | Armstrong Economics

COMMENT: The Hunt for taxes Just to bring to your attention a scandal coming out with the Tax office in Australia pursuing aggressive revenue targets, and using unethical practices to generate it. D ANSWER: The scandal in Australia with the head of the Tax office is shocking involving a $165 million tax-fraud ­syndicate scandal. The police have arrested people in Australia which is admirable. The 2013 US scandal about the United States Internal Revenue Service (IRS) doing similar acts of abuse of power was never prosecuted or really investigated. It was revealed back then that the IRS had selected political groups applying for tax-exempt status for intensive scrutiny based on their names or political themes. This led to a pretend investigation by Attorney General Eric Holder. In January 2014, James Comey, who at the time was the FBI director and walks on water, told Fox News that its investigation had found no evidence warranting criminal charges in a neat cover-up. Finally, in late September 2017, a report by the Treasury Department’s inspector general found that from 2004 to 2013, the IRS used both conservative and liberal keywords to choose targets for scrutiny. Finally, in October 2017, Trump agreed to settle a lawsuit filed on behalf of more than 400 conservative nonprofit groups who claimed that they had been discriminated against by the Internal Revenue Service. The settlement included an apology from the IRS and a very substantial monetary settlement. That’s how they do it in the States. Government is always above the law and people like Comey always protect the bureaucracy. He is now doing everything in his power to take down Trump for the bureaucracy. The Australian Taxation Office and all its tax-avoidance investigations are now in jeopardy since the deputy commissioner is facing criminal charges­ and four of its offic­ials stood down as well. This would NEVER happen in the United States.
— Read on www.armstrongeconomics.com/world-news/taxes/australian-tax-office-scandal/

Mayor Tries To Address Violence By Telling Businesses When To Close

The city of Baltimore has a real problem. It’s been suffering from a wave of violence for some time now. Residents of the city thought it was over. After all, the murder rate for the first three months of this year dropped significantly, undoubtedly a good sign. Unfortunately, it wasn’t meant to …
— Read on pjmedia.com/trending/baltimore-mayor-tries-address-citys-violence-telling-businesses-close/

Yep another problem more control will fix….and then they woke up.