Tuesday, April 30, 2024

Beware of 2025

 

Hiding Money Matress

QUESTION: Hi Martin, What are you thoughts on holding cash into 2028? You said cash was king, but there would come a time to abandon cash. It seems this CBDC thing is what you are talking about. Do you have any time yet?

See you in London

Kind regards,

HF

ANSWER: Europeans are much more familiar with canceling currency. Those governments are much more Marxist and have been canceling currencies routinely since WWII. What happens is you are forced to bring your cash in to swap it for the new version. In this case, it will be digital. What they are going to do is then look to see who accumulated that cash. If it is a large chunk, you may be taxed, and the burden will be on you to PROVE you paid the cash.

You are better off swapping it out for gold, stocks, and even real estate outside of the Blue States and generally cities. As people migrate from those regions, the people left behind will have their taxes increased. California is the #1 state people are leaving. They have noticed, and as I have been warning, you should have got the hell out of that God-forsaken state. They are now imposing an EXIT tax to leave. The downside of real estate is that they impose a property tax on it annually. Some states include even your car. People I know used to have Ferraris no longer because they paid a sales tax to buy it, and then you are taxed on the price you paid for it annually as property tax. If you keep the car for 10 years and it depreciates, the taxes you pay just to have it will consume half the price of the car or more.

We are through the COVID crisis when it was wise to hold the case. Now, you do not want to hold cash into 2028. We are facing STAGFLATION, so inflation will rise faster than GDP. Thus, the purchasing power of cash will decline. Then, when they do the CBDC, which they plan to introduce as soon as January 2025, they will cancel all cash, force you to bring it to the bank, and report how much you had to the IRS.

Don’t Come to Norway – Taxing Our Way into 2032

 

Norway Y Combined 4 28 24

In 2021, the Extreme Left Labour Government seized power in Norway, overthrowing the eight years of Conservative rule. Labour won 48 of the 169 parliamentary seats, one less than in 2017, but the Conservatives lost nine seats and were left with only 36. We can see that 2021 was low for the US dollar after COVID against the Norway Krone, and ever since the leftists seized power, they have been steering Norway in that direction where all Marxist regimes have died violently and inevitably.

Berlin Wall Falls

All leftist governments impose their will to crush any individualism. They are obsessed with someone who has more than they do. Every leftist government ends in utter disaster. They reduce the standard of living and inevitably drive the most talented people out of their domain. Every Marxist government, from Russia to China, has committed suicide by suppressing innovation, and the most talented people will always seek to leave. In the case of Communism, they built the Berlin Wall in 1961 to prevent people from fleeing. These LEFTIST governments are now moving to impose an EXIT tax if you seek to leave their depressing economic domains. Human nature will ALWAYS prevail, and this is why every single government that has abused its power and then tried to prevent people from leaving with EXIT TAXES or a version of the Berlin Wall crumbled to dust and is all buried in a common grave by history.

Marx ten commandments socialism

The Bible is a very interesting historical document. Socialism violates the Ten Commandments, and I am shocked that nobody has challenged this progressiveness of taxation as a violation of their religious beliefs. This very reason this prohibition against LEFTIST political agendas is in the Ten Commandments is because human nature has never changed, and such LEFTIST experiments have been tried for thousands of years and have always failed.

Sparta Coinage Spears

Communism first appeared in historical records back in Ancient Greece. This was a classic battle, like our modern Cold War. Athens was a capitalistic system that had its own internal battle between the Oligarchy and Democracy, which we still have today. Sparta was a communist state, so much so that it NEVER adopted coinage, and these spits were maintained to PREVENT people from hoarding wealth—sound familiar with electronic money and canceling currencies? The Spartan system was based on the idea that the collective came before the individual. This is the cornerstone of all LEFTIST regimes.

Corinth Staters 5th-4th century

Marx believed Communism would prevail because Sparta defeated Athens in 404 BC. However, Sparta was in league with its neighbors, especially Corinth, whose coinage competed with Athens in trade. So Sparta was the Communist state, but it was aided by other capitalistic cities to knock out the financial capital of the world so they could replace it.

Philip II AR Tetradram Mint State

This division eventually led to the opening of the door for the northern Macedonians to take all of Greece under Philip II (359-336BC) and his son Alexander the Great. This Cold War between effectively Spartan Communism and Athenian Capitalism weakened Greece and allowed them to be conquered by Macedonia, which was not originally part of Greece.

To be a Spartan citizen, one had to undertake the Agoge’s rigorous military education. Only those who had completed their education in the Agoge were entitled to be citizens. The criteria for a Spartan citizen were very high. While the system ensured that the Spartans were well-trained warriors, it also led to problems replacing those who died in battle. To be a citizen, the Spartan had to pay his way into the agoge, such as supply his armor. The economic burden upon the common people was its undoing. Lacking a flourishing economy because people were steered into the military for the state, it sealed its fate with a gradually declining economic base. With the rising costs over time, fewer and fewer people could afford to pay their way into agoge.

Sparta emerged victorious during the Peloponnesian War in 404 BC, and by 400 BC, it had replaced Athens as the greatest military power in the Greek world. However, it neither contributed to the economy no less art and creativity. Then, in 371 BC, in just about 31.4 years by Thebes, the Spartans were defeated in the battle for the first time. They lost that military power and Greece’s leadership. Nothing lasts forever. During that entire period, Sparta never issued any coinage because it was an anti-capitalistic state.

Exit Tax

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Whenever a LEFTIST government turns to restrict the movement of people by building Berlin Walls to keep them in or an EXIT tax to confiscate their wealth as a punishment for leaving since they are not being taxed to pay any fair share of the state when they are not there, the end is merely inevitable. The LEFT will always impose dictatorial decrees and refuse ever even once to consider that what they are doing is against human nature and the basic human right to live in peace.

In recent developments in Norway, the failure of the government’s economic policies has been taxing the “hated” rich; they are planning to introduce a more stringent exit tax to punish anyone who leaves their draconian policies. This move has attracted much criticism from many sources, but historically, the LEFT has never listened. Even in the United States, just look at those states that have extreme LEFT regimes, and you will find EXIT Taxes as well.

California Exit Tax 2

California Exit Tax

 

California in the US is an absolutely horrible place, and it is following the same path as Norway. California is no longer a place to invest, as is the case with New York and most of the New England states.  New Jersey has an EXIT Tax applied if you sell your home and buy something in another state. Connecticut has a 2.25% EXIT Tax. New Jersey has an Exit Tax. All of the LEFTIST government sees you as just an economic slave. It has nothing to do with paying your fair share – they are only interested in economically punishing you. If you do not get the hell out of these states, it will only get worse because they NEVER have enough and will NEVER change their policies until there is a political revolution and they are voted out of power. But the brightest will always leave, and in the end, they commit economic suicide, no different than ancient Sparta.

Yellen tax on Unrealized Gains

Spearheaded by Finance Minister Trygve Slagsvold Vedum, the initiative aims to deter affluent Norwegians from relocating to countries with more favorable tax regimes, such as Switzerland, by imposing a hefty tax on unrealized gains. Here in the USA, Janet Yellen wants investors to pay a tax on the increase in the value of stock every year, even if it is not sold. So if a stock goes from $100 to $150 you must pay tax on that $50. Then there is a crash, and it drops 25%. You will get no tax credit, and then it bounces 10%; you owe on that 10% bounce.

Tax Robbery

These people are absolutely destroying capitalism and Western Society. We have only 8 years left because this entire economic system will collapse. This is unsustainable. In Australia, the LEFT wants to confiscate all your wealth upon death and you should be prohibited from leaving anything to your children. Everyone should start from ZERO – except LEFTIST politicians of course. This is what 2032 is all about. These people are destroying our future and the very foundation of a free society.

Friday, April 5, 2024

How to Destroy a Nation in 2 Generations



Inheritance 2

QUESTION: I believe you analyzed inheritance and how altering it had contributed to society’s decline. Politicians here in Australia are talking about when you die; everything should go to the state because it is not fair that one person inherits more than another.

I would greatly appreciate any comments you might have historically on that subject.

Bret

Inheritance Tax

REPLY: Yes, I forgot when I did that analysis. It was a long time ago. Inheritance Taxes are Marxist and highly destructive economically. Suppose you have a company worth $100 million; your children must pay 40% taxes. They have to fire people and sell assets to cover the tax. This has been HIGHLY destructive in farming. Heirs have been forced to sell off farmland to pay the tax. This is how large farming companies and Bill Gates have accumulated farmland. This exploitation of the heir reduces productivity and thus reduces GDP and employment.

Before Marxism, inheritance became the primary reason the first son inherited everything during the Middle Ages, and the second son was donated to the church to become a priest, whether he liked it or not. In ancient times, if you had many children and evenly divided an estate among them, you effectively destroyed society’s productive capacity.

Charlemagne 11There had previously been two types of marriage in France, temporary and permanent, until the Catholic Church insisted on only permanent marriages. Charlemagne married all his daughters in only a “temporary” marriage, meaning that they possessed no legal right to the throne or property. That was the distinction between the two types. The question of inheritance was a major issue historically.

The ancients knew the consequences of dividing estates (partibility) among heirs. Sparta in Greece rewarded fathers based on the number of children. Sparta wanted soldiers, so the more children, the better. But Sparta undermined its own economy in the process. Production of children was rewarded in Sparta, and the fathers of three or four sons were exempted from military service and other economic burdens. Aristotle is sharply critical of this practice and wrote:

“It is obvious that, if there were many children, the land being distributed as it is, many of them must necessarily fall into poverty.”

If you create a major company like Ford Motors and you die, then the government is only interested in grabbing taxes. They think nothing about the jobs this company creates. The ancients realized that even dividing it up equally among the heirs destroys the productive capacity of the entity. This is why they evolved into the first son who inherited everything to preserve the estate rather than destroy it.

Jefferson Greatest Threat

After 2032, we MUST prohibit any such idea of direct taxation (income/inheritance) as the Founding Fathers of the US Constitution intended. They understood this lesson from the past – Marx was a hateful, jealous person, only concerned with not having as much as his neighbor. This is what has brought us to the brink of disaster. Our government has followed Marx rather than those who created the Constitution out of experience.

Paine on Govt

Thomas Paine was famous for saying: Give me liberty or death. But he also made it very clear why history repeats fro the people refuse to ever learn:

“Government, even in its best state, is but a necessary evil; in its worse state, an intolerable one.”

Friday, February 23, 2024

NYC Out of Control – Giant Short!

 

NY AG Seize Trumps AssetsLetitia James – the Destroyer of Worlds

NYC is totally out of control. These bogus charges were never brought against anyone, and there was no victim. This definition of fraud can be applied now to anyone in NYC. This is obviously an attempt to interfere in the 2024 election, for if Trump had not run for president, there would have been no such charges.

New York is just so UNAMERICAN you can’t make this up. This radical Attorney General not only has Trump BARRED from running his own company, but they also appointed a former organized-crime prosecutor to manage the Trump Organization who has no business capability. The state is attempting to seize total control of the financial assets of Trump without a jury trial to shut him down to prevent him from running for office. Trump was denied the right to defend himself before a jury. They did that to my company, Princeton Economics. Their agent/receiver fired all the staff and then moved to shut it down. Then, their appointed receiver became a board member of Goldman Sachs while running my company from their boardroom. This was also all without any right to a jury trial.

Pittman Letter

They alleged that $1 billion was missing. When I told them the bank stole the money, they said they believed the bank. Yet there was never any evidence that I had withdrawn money, and in the end, the bank had to plead guilty and repay my clients. Still, they used a fake allegation to seize Princeton Economics. They shut down all forecasting, which was their covert goal, and made up allegations that NOT one member of the press questions except Mark Pittman of Bloomberg News, whom they promptly barred from writing about what they were doing. Trump is getting the same treatment.

Welcome to NYC – not the Big Apple – the sewer of legal corruption.

Trump needs to file bankruptcy in Florida.

That will move all his assets to Florida, and then he can save his companies.

DO THAT NOW ASAP!

Then, SELL Everything in New York City. 

NO court in New York will EVER uphold the Law.  

Legally, it would require the Supreme Court to Intervene.

2032 Sixth Wave

This is so outrageous; I fear that Trump’s case will be the catalyst for the decline and fall of the United States. We cannot possibly stand united as a nation under such an outrageous legal system. When the rule of law collapses like this, no nation has ever survived long throughout history. We can now see 2032 coming and why the computer has forecasted that there may not even be a 2028 election. They need to stop Trump because they are taking us to War, canceling the paper money, and taxing everything we do for climate change. At the same time, the WHO orders lockdowns and mandatory vaccines as they surrender our sovereignty.

New York City is Completely Out of Control

The integrity of assets is seriously under question. My sincere advice to Trump is to sell all of your NYC assets and get the HELL OF NYC! Nobody should invest in anything in New York City, for there is no rule of law and, even worse, no separation of powers. It is a political dictatorship that you cannot fight for. NO judge in New York City will defend the Constitution and go against their peers.

While the trucker known as Chicago Ray started calling on truckers to boycott NYC, all they have to do is target someone, and they will routinely use taxes to go after innocent people as well as journalists if they do not cooperate. Chicago Ray has backed down yet, claiming, “No one’s got to me … I heard what drivers were saying, and I’m hearing some of that today; I ain’t scared of s–t.” I met a former executive from the NY Post who they put in prison because he would not yield to the Deep State. He explained they call with a “favor,” and if you do not comply, they come after you personally. In his case, they claimed he hired people who did not show up to work. New York City is beyond hope.

SELL NEW YORK NOW

I warned that Trump would NEVER get a fair trial in New York City – I have NEVER seen anyone EVER get a fair trial in New York City. When my case began, they brought it to New York when the accounts were in Philadelphia. They claimed there was the COMEX for the venue, so that was good enough even though currencies traded in Chicago. When my lawyer heard they filed the case in New York City, he said oh shit. I asked what was the problem. He said you don’t understand. New York practices law differently. Boy, did I find out.

Owen Changing Transcripts

Judges can alter the transcripts and change the words you speak in court. The Court of Appeals ruled they did not have the power to order the judges to obey the law (see UNITED STATES V. ZICHETTELLO 208 F3d 72 (2d Cir 2000) at page 97).  A federal statute 18 U.S. Code § 1519 defines that as a felony with 20 years in prison. I forced Judge Owen to admit he was altering my transcripts, and the DOJ would not indicate him; the Court of Appeals lost my appeal THREE TIMES and then said I was out of time. The ONLY reason they released me was because the Supreme Court agreed to take my case. So they released me and told the Supreme Court the case was moot. Otherwise, I would have died in solitary confinement.

MF Global

Glenn

Remember MF Global. That is when Judge Martin Glenn seized the assets of all clients to protect the banks that Jon Corzine was trading with. The trustee overseeing MF Global’s liquidation eventually confirmed that the amount of customers’ funds from the failed brokerage was at least $1.6 billion. This was the biggest financial crime, perhaps in history, far worse than Madoff. This is the outright theft of client funds sanctioned by the court, which protected all the bankers. Nobody was being called to account because MF Global, which was headed by former Goldman Sachs CEO, Senator, and New Jersey Governor Jon Corzine, was also protected. The client’s funds were illegally seized by the NY court and were used to cover the losses to the bankers completely in violation of the law.

This collapse was the eighth-largest corporate bankruptcy in U.S. history. Corzine was never charged because he was one of them – a Democrat. The US Regulators investigated only whether MF Global tapped into client money from clients’ accounts as its financial condition worsened. They are ignoring the fact that it was trading with client money before the last few days. Brokerage Houses are required to keep customer money separate from the firm’s money, but that was simply not being enforced in the instant case. This is why having an account with a NY entity is highly dangerous – there is no rule of law in NYC.

As an astute lawyer wrote in about New York, he correctly pointed out that there is no rule of law, for it is a corrupt city with a “connection-based society,” not a “contract-based society.” Contracts mean nothing in New York, and this is why no bankers ever go to prison there. The courts will always rule against people for political objectives.

Rosenberg Ethel

Sobell MortonIn 1951, NY executed an innocent woman they KNEW was innocent. It was April 5th, 1951, when Julius Rosenberg (1918-1953) and his 35-year-old wife Ethel (1915-1953) were sentenced to death using this Espionage Act. Today, everyone concedes that his wife’s crime was simply being married to Julius. The prosecutors charged her, thinking it would force him to give up his contacts, which he never did, most likely because he had none.

A co-defendant of Julius and Ethel  Rosenberg, Morton Sobell (1917-2018), admitted for the first time that he was a Soviet spy on his deathbed at 91 after serving 30 years in prison but also made it clear that Ethel was innocent. Sobell passed military secrets to the Communists in World War II when the nations were still allies, he told the New York Times. Sobell, who served 18 years for espionage, said Julius did pass secrets, but Ethel, executed with her husband in 1953, was guilty of nothing more than being Mrs. Rosenberg.

Under our legal system, the Jury can nullify the conviction using common sense based on their own sense of justice. Our corrupt judges will never instruct the jury that they have that power. The JURY can refuse to follow the corrupt law and acquit a defendant even when the evidence presented seems to point to an incontrovertible verdict of guilt. Personally, I think the Jury should be told that they have the power to nullify a conviction as well as to direct charges and reprimand the prosecutor in such a case for his abuse of power.

 

NO BID

All I can say is GET THE HELL OUT OF NYC before there is NO BID!

It’s a Sanctuary City, and Taxes will Only Rise to Pay for the onslaught of uneducated illegal migrants.