New Governor of California Want to Tax Water | Armstrong Economics

The total mismanagement and incompetence of government is just beyond description. The new California Governor Gavin Newsom presented his first state budget during a news conference, last week on January 10th, 2019. While he won bashing Trump over the illegal aliens because he care so much for families, he could care less about how much of a burden the state imposes upon families. His new proposal to tax drinking water will impact everyone – not the rich they always point to. He is claiming to tax water to help the poor afford water. His the newly-released budge calls for the creation of a “safe and affordable drinking water fund” that would “enable the State Water Resources Control Board to assist communities, particularly disadvantaged communities, in paying for the short-term and long-term costs of obtaining access to safe and affordable drinking water.” It’s like labeling the most abusive taking of our rights the “Patriot Act” whenever you need to hide the real abuse. He is calling the tax as suddenly necessary to ensure “safe” water. They paid for a study to show that 6 million Californians rely on water providers that violated state standards at some point in the last six years. The area impacted was Southern San Joaquin Valley and the Mojave Desert. Hey, that’s a great excuse to tax the entire state. Sources behind the curtain have states deeply concerned because they can see we are headed into a recession. This leg down should be harder moving into 2020. The whispers behind the curtain fear that revenues will decline sharply as costs will rise further with pensions for state employees. Nobody is yet willing to step up and say this system is collapsing and it is unsustainable long-term. They are only interested in raising taxes just to get by for the year. Newsom is concerned that revenue could drop $25 billion in 2019-2020. They are simply looking for other excuses to raise taxes. Ironically, California is the fourth-largest oil producing state. Before he left office, former Governor Jerry Brown signed a mandate that the state obtain all of its electricity from zero-carbon sources by 2045. That in itself was a very, very big deal. However, Brown also issued an executive order calling for the entire California economy to become carbon-neutral by 2045. The sheer cost of that where California is already the highest taxed state will most likely push its taxes perhaps even beyond France. This will become a major test for those cheering to stop Climate Change. It was precisely the Global Warming taxes that began the French protests of the Yellow Vests. Those in government NEVER look at what they are doing to society. They believe they possess the Divine Right of Kings to do whatever they please without regard for the people.
— Read on www.armstrongeconomics.com/world-news/taxes/new-governor-of-california-want-to-tax-water/

The hunt for taxes intensifies as social programs are expanded to illegal immigrants.

Understanding Why the Euro is a Failure & The One Big Happy Family | Armstrong Economics

If you ask in Europe are people happy with the Euro, you will generally get a response of about 80% in favor. Even if you ask are people happy to be part of the EU, the majority over 90% will say yes. The curious thing is they buy this propaganda that on the surface Europe is all one big happy family. However, when it comes to consolidating the debts of Europe, you barely get a 10% approval rating. So on the one hand, Europe is one big happy family, but they are not about to support the cousin or brother-in-law who they regard as a derelict spendthrift who always squanders his money on wine, women, and song. So yes, he is a family member, but you keep him at a distance and tolerate him at obligatory family weddings and funerals. There it is – the Euro Crisis. The cultural disparity will never be overcome. The proposals being whispered behind the curtain now is for Brussels to issue Euro bonds and then distribute that money to the derelicts in the family. They have realized that the failure of one may bring the whole family down. Because there is this monumental resistance toward assuming the debts of the derelict brother-in-law, it is best to leave him with his debt and hand him charity so he does not starve.
— Read on www.armstrongeconomics.com/international-news/europes-current-economy/understanding-why-the-euro-is-a-failure/

May EU Elections Promising to be Major Issue | Armstrong Economics

Two more politicians in France have abandoned Macron and joined the right party of LePen ahead of the May European elections. Our sources in France are clearly revealing that the Yellow Vest movement has had a profound impact on politics. Macron’s promises to raise taxes on the rich are falling short because that just never seems to result in lower taxes for anyone else. Our models are shaping up to show May as the major turning point here in 2019. This will have a profound impact on European share markets as well as the currency. Meanwhile, the EU is really at war with Poland and its policies have been outright deliberately intent on punishing Poland. This is leading to the development of a new coalition causing Ital and Poland to join together against Brussels to form their own anti-EU league.
— Read on www.armstrongeconomics.com/international-news/europes-current-economy/may-eu-elections-promising-to-be-major-issue/

The Rising Tide of Civil Unrest Globally | Armstrong Economics

COMMENT: Hello Martin, thanks a lot for your awesome work. I am from Germany and just wanted to let you know that the political situation here is more and more becoming like 1933. Last week, there was a bombing of an AFD office in Döbeln (Saxon). Luckily nobody got injured. Yesterday one AFD Politician, Frank Magnitz was brutally attacked by 3 masked men and severely injured. He is only alive because a workman saw the attack and prevented worse. If you see the pics of him, it is pure luck he is still alive. They hit his head with a log and kicked it with their boots! This was a clear murder attempt! Still, the other political parties find it hard to condemn the deed. Some even claim it is deserved and the ‘evil fascists’ need to be stopped – even by killing them! This is getting extremely worrying and a lot of people are scared that we will head into a civil war, caused by murderous leftists. Greetings, P REPLY: Unfortunately, this is exactly what the computer is forecasting. We are in a rising cycle of civil unrest. The political divide is growing everywhere even in the United States. This will ONLY lead to outright violence and in many cases civil war. The left is ALWAYS the most violent. They are not tolerant of opposition. I did not vote to for President Carter back in the 70s. Nevertheless, I made a fortune due to his inflationary policies and I never protested against him or claimed he was not my president. In the USA, the rising tide against Trump is stunning. But people have no idea what is coming. I have warned that analyzing Trump in terms of a market, he represents a reactionary bounce only – not a change in political trend. What I mean by that is we are headed to a clash of titans as you are there in Germany. NEITHER side will be willing to accept a loss. What comes after Trump will be massive civil unrest as well.
— Read on www.armstrongeconomics.com/international-news/politics/the-rising-tide-of-civil-unrest-globally/

This is what divisive leftists are causing