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

Greek debt crisis: Panic buying as Greeks fear losing savings

Marousi:  Business has been so brisk in the giant Kotsovolos appliance and electronics store in this upper-middle-class suburb of Athens that you might think a sale was on. But, no. It is panic buying, those who work here say.

Increasingly concerned that greater economic trouble lies ahead of them, and limited in how much cash they can take out of banks, Greeks have been using their debit cards to buy ovens, refrigerators, dishwashers – anything tangible that can hold its value in troubled times.

“We have sold so much,” said Despina Drisi, who has worked in the store for 12 years. “We even sold display models. People have been pulling at my sleeves. We’re spacing things out now to cover the holes on the shelves.” Continue reading

Why We’re Headed Toward a “Cashless Society”

The Dow is back under 18,000 points after yesterday’s 178-point – or 1% – drop.

Gold continues to wander around, apparently lost. More on that below…

Our long-term stock market indicator, developed for us by our chief researcher and former ValueLine stock market analyst Stephen Jones, is flashing a warning. Continue reading

What Is Going on in the NY Fed? Will They Break Apart Big Banks?

“The problems originate from the culture of the firms, and this culture is largely shaped by the firms’ leadership.” 

Dudley’s main message was a warning: If nothing changed, regulators would have to conclude that large financial institutions are too big to manage, and “that your firms need to be dramatically downsized and simplified so they can be managed effectively.” Continue reading

Is There a Shortage of Gold in Europe? Will It Be Confiscated?

Some people have misread my posting on an observation in Spain. The retail sale of gold coins was virtually nonexistent in Spain. This is not a shortage of gold. In Italy, bullion coins were being sold in stores. It is France that is after gold coins, demanding no cash sales and reporting on buyers and sellers. Even the rare coin shows have left Paris for the dealers refused to comply with such reporting. The French were driving to Belgium to deal in gold and the French government was complaining about that.

Even the banks are requiring explanation for every deposit in an account to get a mortgage in the USA. Gold refiners are now required to report to the U.S. government every shipment of gold, reporting where it comes from and where it went. Continue reading

Government & God – Obama Threatens the Vatican

Anyone who thinks government respects religion had better stop watching sports and drinking too much. There is a whole different reality waiting for you. Obama threatened to shutdown the Catholic Church from receiving any money out of the USA, or sending any money to the USA unless it complied with FATCA. Obama, showing his true colors, has no respect for religion. The Vatican has been forced to comply with U.S. tax authorities, demonstrating that Obama is hunting every piece of loose change he can find (See Agreement: FATCA-Agreement-Holy-See-6-10-2015). Continue reading

The War on Cash Is Going Completely Nuts in Europe

Austria is where the Sovereign Debt Crisis began with a bank failure in 1931. Today, Austria continues to have a raging controversy over the abolition of bank secrecy. Just look at how far they are going against the citizens because of bank mismanagement, once again, and it is scaring the hell out of a lot of people behind the curtain. The government is monitoring taxpayers in a manner that will lead to the elimination of all private rights in the future. They are now introducing new laws, which forces all taxpayers to submit their fingerprints, as well as their IP e-mail addresses, to the tax office so that the government can track every piece of loose change. Continue reading

Why the California water crisis will lead to a housing collapse, municipal bankruptcies and a mass exodus of climate refugees

(NaturalNews) The only proof you need that many Californians are still living in a water fairy tale is the fact that California real estate prices haven’t yet collapsed. Even as the California Governor has declared a state of emergency — and emergency water rationing is under way — there are still people purchasing commercial and residential real estate in precisely the areas that will be hardest hit by that rationing.

What is the value of a home or business that has no functioning connection to a water system? Essentially ZERO.

How many California homes and businesses are headed for a zero-water future? Many millions. Continue reading

There Will Be No 25-Year Depression

What we have here is not a failure of Capitalism, but a failure of experimenting with Socialism that is now resulting in the breakdown of society.

As geopolitical analyst and expert, JR Nyquist, once put it, America has fallen victim to Crony Capitalism, which is different than Capitalism itself.

 

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How it all works in crony heaven – until it doesn’t anymore – via bastiatinstitute.org

 

 

Good and Bad News

Today, we have bad news and good news. The good news is that there will be no 25-year recession. Nor will there be a depression that will last the rest of our lifetimes.

The bad news: It will be much worse than that. On Monday, the Dow rose another 43 points. Gold seems to be working its way back to the $1,200 level, where it feels most comfortable.

Old People Are Dead Wood

First, people are getting older. Especially in Europe and Japan, but also in China, Russia and the US. As we’ve described many times, as people get older, they change. They stop producing and begin consuming. Continue reading

19 Signs That American Families Are Being Economically Destroyed

The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening.  Once upon a time in America, if you were responsible and hard working you could get a good paying job that could support a middle class lifestyle for an entire family even if you only had a high school education.  Things weren’t perfect, but generally almost everyone in the entire country was able to take care of themselves without government assistance.  We worked hard, we played hard, and our seemingly boundless prosperity was the envy of the entire planet.  But over the past several decades things have completely changed.  We consumed far more wealth than we produced, we shipped millions of good paying jobs overseas, we piled up the biggest mountain of debt in the history of the world, and we kept electing politicians that had absolutely no concern for the long-term future of this nation whatsoever.  So now good jobs are in very short supply, we are drowning in an ocean of red ink, the middle class is rapidly shrinking and dependence on the government is at an all-time high.  Even as we stand at the precipice of the next great economic crisis, we continue to make the same mistakes.  In the end, all of us are going to pay a very great price for decades of incredibly foolish decisions.  Of course a tremendous amount of damage has already been done.  The numbers that I am about to share with you are staggering.  The following are 19 signs that American families are being economically destroyed… Continue reading