Aussie ‘War On Cash’ Tsar: “Consumers Are Part Of The Problem”

 

Australia’s Black Economy Taskforce has come up with a list of 35 “consumer-focused” proposals to crack down on cash. The taskforce blames consumers for holding cash and for not getting receipts.

Michael Andrew, the head of the taskforce, proposes nanochips in $50 and $100 notes so the government knows where the cash is, and suggests that cash should expire after a designated period of time.

Andrew believes “consumers are part of the problem”. He wants to punish people who pay in cash and don’t get a receipt. Continue reading

They Want to Put Nano-Chips into Currency So they can track every note

 

Believe it or not, Australia has a Black Economy Taskforce that hunts down citizens in every possible way. They look at where they send their kids to school and then inquire at the school who pays the bills and how. They are using technology to hack people’s phones of anyone suspected of hiding money to get all their messages and emails as well as where they call overseas. Their own website says: Continue reading

Illinois Is Essentially Experiencing Its Own Private Great Depression

 

The state of Illinois has not passed a budget for close to three years.

Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly, and financial wizardry statements designed to disguise Illinois’ real problems: failure to rein in spending coupled with a very business unfriendly environment.

As Illinois’ bond rating careens towards junk, Illinois Unpaid Bills Jumped to $14.3 Billion. Today, the state told contractors to halt roadwork other that required for safety. Continue reading

Marxist Socialism now relabeled as the Sharing Economy

 

In Canada, I was in a discussion with a socialist politician. I was shocked at the response to their view of the economy that everything you earned belonged to the state and they decided how much you were allowed to keep. This same attitude is displayed by the Canadian Revenue Agency (CRA). They have cleaned up the way they say it softening the words and injecting a new term calling this a “sharing economy” and equating it to five key sectors of the sharing economy as being: “accommodation sharing, ride sharing, music and video streaming, online staffing, and peer/crowd funding.” The CRA is now selling socialism by relabeling this as a new “sharing economy” that assert “is becoming bigger part of the general economy, and that it is cooperating with industries, provinces, and territories on how tax systems and compliance is affected by such changes.” Continue reading

Germany Considers Economic Retaliation Against Trump

Caption: German Finance Minister Wolfgang Schäuble (Sean Gallup/Getty Images)

 

If America unleashes a trade war starting with BMW, Germany is prepared to fight back.

Senior German politicians have threatened to unleash a trade war on the United States if President Donald Trump follows through his threats to German industry.

President Donald Trump famously threatened to put a 35 percent tax on the German car manufacturer BMW in an interview published by the Times of London and Bild on January 15. German politicians were quick to respond. The next day, German public broadcaster ZDF asked German Finance Minister Wolfgang Schäuble if the world is entering a time of more protectionism. Schäuble said he hoped not but also pointed out one way Germany could hit back.

“I also want to point out that currently American companies don’t have to tax their gains which they make outside of the U.S.,” he said. “That means that hundreds of billions of untaxed gains, of great American companies, rest in a tax oasis” (Trumpet translation throughout). Continue reading

Greece on ‘Explosive’ Path Inside Euro and EU

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Latest crisis could spark the end of the Eurozone.

Despite years of austerity and economic reforms, Greece cannot dig itself out of its financial hole all the time it is tied into the disastrous Euro currency. Continue reading

The War on Cash – One Giant Leap Forward For Government

smart-phone-money

 

The European Payments Council (EPC), a subdivision of the European Central Bank, is taking one giant step forward in their quest to eliminate all cash to increase taxes. They have gone ahead and set up the technical bases last week to enable the immediate payments system throughout Europe. One of the stumbling blocks has been the fact you cannot transfer money same day for banks like to play with your money and holding it for a few days. If the payment comes from overseas, the bank will not “clear” the funds usually for six weeks. Continue reading

The California Nightmare, the West’s Moral Oblivion, and China Sets the Stage for the Next World War

 

What’s wrong with California? Fifty years ago, California was America’s “number one state.” Today, it’s known for high taxes, droughts, deteriorating infrastructure, and a plummeting education system. Is California cursed? In today’s show, Stephen Flurry discusses this nightmare as well as the darkening scene in the Middle East and Asia. Continue reading

Europe’s robots to become ‘electronic persons’ under draft plan

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An industrial robotic arm pours a glass of beer at the Automatica trade fair in Munich on Tuesday. Photo: Bloomberg

 

Munich:   Europe’s growing army of robot workers could be classed as “electronic persons” and their owners liable to paying social security for them if the European Union adopts a draft plan to address the realities of a new industrial revolution.Robots are being deployed in ever-greater numbers in factories and also taking on tasks such as personal care or surgery, raising fears over unemployment, wealth inequality and alienation.

Their growing intelligence, pervasiveness and autonomy requires rethinking everything from taxation to legal liability, a draft European Parliament motion, dated May 31, suggests. Continue reading

EU SUPERSTATE (step 1): Fury over plans for European-wide ‘tax harmonisation’

The United States of Europe is well underway and its respective European Army now under construction — all courtesy of Germany’s Fourth Reich. The tax harmonization scheme, in this case, is one of the needed economic cornerstones of the new European superstate.

If you’re been following Global Geopolitics for a few years now this will have come as no surprise. The only new element is that we’re no longer in the planning stage, but somewhere between the deployment and implementation phases.

 

PROPOSALS to introduce a European Union-wide tax system has infuriated British taxpayers – who fear the move is yet another flagrant step in Brussels’ attempt to build a Euro-superstate.

The controversial system, which is described in EU documents as the “harmonisation of European taxation”, was put forward by the EU Economic and Monetary Affairs Committee last week.

The group’s explanatory statement reads: “Building economic and monetary union must be achieved through a harmonisation of European taxation. Fair and effective corporate taxation must become the cornerstone of the single market.

Continue reading

The War on Cash Is a War on Your Freedom to Opt Out

Cash is a proxy for the freedom to maintain some privacy in an era of Big Brother repression, surveillance and the suppression of dissent.

Our first question should be: just how big a share of our financial universe is cash? The answer is: vanishingly small. Look at this chart of total credit in the U.S. economy–$63 trillion–and total cash: $1.45 trillion. Cash is the thin red line at the bottom of the chart–it barely registers.

If cash is such a small share of money and assets, why are governments so keen to ban cash? Continue reading

Central Banks Are Trapped – Are Higher Interest Rates the Only Answer?

COMMENT: Marty, well it looks like you have done it. The central banks are going to start raising interest rates right in line with your model. It is interesting how your computer puts the entire world before you to see. Keep up the good work. They obviously are starting to follow you.

SS Continue reading

77.5 Million Households Are Not Paying Federal Income Taxes

On Tuesday, The Tax Policy Center, a joint effort by the Urban Institute and the Brookings Institution, said the number of households that don’t pay federal income taxes fell to 45.3 percent. But that figure is still roughly 5 percentage points higher than the center’s 2013 estimate of 40.4 percent. Continue reading

Did World War III Start on the Precise Day of the ECM?

 

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Russia began bombing CIA trained rebels in Syria precisely on the day of the turn in the Economic Confidence Model. This bombing has continued as CNN pointed out. Now, hundreds of Iranian troops have arrived in Syria to also join a major ground offensive in support of President Bashar al-Assad’s government. Continue reading