EU wants to lower the number and include gold, gemstones, and cash debit cards while travelling

EU To Restrict Movement of Cash

Posted Dec 13, 2017 by Martin Armstrong

The EU is now developing strict rules for carrying cash when traveling to non-European countries and returning to Europe. The revision of the First Cash Control Regulation from 2005, which stipulated that EU citizens should register cash in excess of € 10,000 when leaving the EU or when returning to the customs authorities have to, is what is under review. They want to lower the number and include gold, gemstones, and cash debit cards.

Interestingly, cryptocurrencies are not to be regarded as cash. Why? They are not sure how to detect them. The EU explanation reads: “Despite the high risk emanating from cryptocurrencies like Bitcoin, these are not added to the cash. The reason for this is that the customs authorities lack the technical means to discover cryptocurrencies. “

The customs authorities can now seize any amount of cash less than € 10,000 if they suspect that the money is somehow involved in any criminal activity. This is authorizing the Civil Asset Forfeiture that has been so profitable to the United States. Hence, the EU does not clearly define what suspicion is required to classify as a possible criminal activity. That will be avoiding taxes.

The EU is also extending the new rules to any freight shipment involving cash. Already, one cannot send cash by mail. This is now freight shipments. A friend used the service where you can send your baggage ahead of you for a trip. He was called down and had to remove $2.75 cents that were in a suitcase headed back to London. So there is no amount too small.

The purpose of the rules is now openly being justified to fight against tax evasion, along with moonlighting and terror financing. The government clearly understands that cash is the only way for citizens to protect their savings from access by states and banks and any special levies or wealth taxes. Closing this door merely opens the door to cash investment turning to movable assets particularly shares.

The government should just create the money it needs to cover its expenses.

Trump & Taxes

Posted Dec 7, 2017 by Martin Armstrong

QUESTION: Do you support Trump increasing the debt by a trillion dollars? I thought you were conservative?

PY

ANSWER: Well the first thing you have to do is get a grip on what is a reality. Governments around the globe borrow every single year with absolutely no intention of ever paying off their national debts. So what is the difference? If you think giving the money back to the people is wrong and it is better going out the back door for political contributions, then sorry, I oppose that.

There is no “conservative” v “liberal” when it comes to the debt. They all spend more than they take in and nobody cares about paying off the debts. So I do not care what political persuasion you are, we will end up at the same place when the dice stop rolling. BROKE!

I support cutting income taxes to ZERO. The government should just create the money it needs to cover its expenses. Let’s get real here! All national debts, including Germany, show that on average 70% of the debt is just accumulative interest. So that is money out the back-door.

Rome never had a national debt and the first 500 years they existed by creating money to pay their expenses with minimal inflation because of the economic growth. About 80% of their budget was paid with the creation of new money.

Even the Bible said giving 10% was realistic, not 40% to 60% as we have under the current Marxist style governments in the West.

The first country that wakes up and abolishes income taxes will blow everyone else out of the water. All they have to do is say they will adopt the way the United States became great. There were only indirect taxes between 1792 and 1913. If the nation survived with no income taxes, we can do it again and let the people spend their own money. You will see massive job creation and governments will spot competing with the private sector to borrow money.

Lot more hidden order in this 8.6 frequency than meets the eye

Open the Door to the Universe With Cycles

Posted Dec 7, 2017 by Martin Armstrong

QUESTION: You wrote: “Once you begin to see the entire universe is governed by the 8.6 frequency, the doors to a hidden order spring wide open.” What do you mean?

ANSWER: The journey of our solar system around the center which revolves as the earth does around our sun annually, takes 25,800 years which is three times 8.6. Now, one solar day is 24 hours. If we take that 24 hours times 60 minutes, we end up with 1440 minutes. Now multiply that by 60 seconds in a minute and we arrive at 86.400 seconds in a day. There is a lot more hidden order in this 8.6 frequency than meets the eye. The key to moving forward in our knowledge is to understand the significance of cycle frequency when absolutely everything has a frequency.

You can kill people with sound. The military has been developing weapons simply using sound waves. This video demonstrates that they can also repel mobs with simply a sound cannon. There were the sound weapons used in Cuba to attack US and Canadian diplomats and their families. This is all about using cycles.

Our models of food prices appear to be rising after 2018 moving into 2024

Siberian Volcano Suddenly Erupts

Posted Dec 7, 2017 by Martin Armstrong

While all eyes have been on the volcano in Bali,  the Siberian Shiveluch Volcano erupted yesterday for over a 20 minutes spewing ash 6 miles (10 kilometers) high into the sky. The 1963 eruption in Bali was one of the largest and most devastating eruptions in Indonesia’s history. Nevertheless, it was still only a VEI5. Ideally, an eruption in Bali was due from a cyclical perspective in 2018.

In the case of the Siberian Shiveluch Volcano, there have been significant eruptions taking place in 1854 and 1956. The most recent eruption began again on August 15, 1999, and have continued periodically when on February 27th, 2015, Shiveluch erupted spewing ash into the atmosphere about 30,000 feet crossing the Bering Sea and into Alaska. From a cyclical perspective, this particular volcano was due to start again in 2017.

If we continue to get several volcanoes erupting into 2018, then this should be an active period and it will contribute to Global Cooling. Our models of food prices appear to be rising after 2018 moving into 2024. This would tend to indicate that we may indeed be looking at a rising in the volcanic activity in many places

Reason that China will succeed is because they are turning inward by building their economy into a consumer reservoir

How China will Surpass the West

Posted Dec 6, 2017 by Martin Armstrong

QUESTION: Marty

I just finished watching “The Forecaster” and I am impressed that you survived what the government did to you. As a former Green Beret from back in the day, I can appreciate what you endured more than most, my hats off to you.

All I can add is I hope to hell that no government including ours every gets your source code; as a former military officer and student of history, I know what our government is capable of.

I do wonder if China will survive the coming collapse in the west, aren’t they too tied to us?

Keep up the good work!

D

ANSWER: They will push you to the edge, hoping you break. There is a fine line and if you cross it you lose all fear of death. Then the table is turned. There is no threat they can make that will change your position. Some ask, “Why did you not just turn over the code?” They assume that they will actually honor what they tell you. They NEVER tell the truth, and if you turn over what they demand, you lose everything for they can kill you and pretend it was some accident, heart attack, or whatever. The press will believe them of course. That’s why they are there. You are dancing with the devil and it becomes a dance to the death. I was released ONLY because I got into the Supreme Court. Once they were taking the case, the New York boys had to release me.

Concerning China, the reason that they will succeed is because they are turning inward by building their economy into a consumer reservoir and eliminating their dependence upon the West. They will decline at first, but they will recover and make new highs when the West fails

Why Socialists Prefer to Take Bribes from the Rich than Let the People Get a Tax Break

Posted Dec 4, 2017 by Martin Armstrong

The tax cut critics are really just morons if not outright evil people who just want to rob anyone who has more than them. Their analysis put the bill’s total price at $1 trillion, contradicting the Republican argument that the measure would essentially pay for itself. They act as if this is somehow different than Obama, who increased spending that went into the pockets of the bankers.

Obama took the budget in his first year from a $459 billion deficit to $1,413 billion and that was OK. His deficits dramatically increased the national debt in his first four years 400% times greater than the Trump tax cut. So why do these people hate tax cuts and constantly point to the rich?

As long as the socialists are taking bribes from the rich and the money goes out the back-door, that is OK because it is not in your face. As soon as we talk about giving the people a DIRECT tax break, then the socialists just cannot stand letting the people actually benefit directly just for once

Bitcoin to be Declared a Financial Institution — Beware!

Posted Dec 5, 2017 by Martin Armstrong

The risk with Bitcoin is that the government could simply change the definition of money. That is what they did to me back in 1980 because I was one of the three main market-makers in gold (perhaps the biggest). It was all a hunt for taxes, not concerning me but my clients. I have explained before why I retired from making markets in gold — the IRS declared me to be a BANK!  When gold was legalized in 1975 and began trading on the COMEX in New York, the New Jersey Senate asked me to write the law on gold to make sure it would not be taxable to buy and sell gold bullion. I worked with Senator Foran and developed the language that “gold was not taxable unless converted to use.”

I was making the market to buy gold scrap from all the stores you see with “WE BUY GOLD” signs. They buy the jewelry and it has to be refined. To do that, you needed a minimum lot of 100 ounces, which was the contract size on COMEX. When gold was $800, that meant one 100 ounce bar was valued at $80,000. The refining period was 6 weeks. Therefore, all of these small operations could not afford the float. If they bought 100 ounces per week, then they would need $560,000 in working capital. That would not work for most of these small shops buying gold.

I made the market. The shops could ship whatever they bought that day and I would buy it at the daily price. I gathered all the gold sold by countless stores. The gold was shipped by armored cars to Englehard for refining (PhiBro or Philipps Brothers who eventually bought Saloman Brothers). I was doing tens of millions per week back then and refined a mountain of gold.

First, the NJ tax authorities walked in and declared me to be a merchant. I said gold was not taxable unless converted to a usable product. They said their “interpretation” was that the “use” was investment.  I refused to pay and opted for a trial. Of course, you do not get a jury, just a judge who rules always for the government. I was not allowed to testify at my own trial for they said whatever the Senate had asked me to write, I may have misinterpreted their intention. Senator Foran was so angry that he demanded to testify at my trial. The government objected and he was allowed to testifyONLY as a private individual citizen. I moved to subpoena the full Senate. The judge denied me, and I lost.

Simultaneously, the Feds walked in and declared me to be a BANK. They then declared that I had to file forms to report when my clients bought or sold more than $10,000. Their interpretation was that gold was NEVER formally declared not to be money in 1971, so I was a BANK. They threatened me saying that the fine was $50,000 up to the full amount of every transaction I failed to report. They said they knew I perhaps did not “realize” I was a BANK and would forego the fines if I would allow them access to audit all my clients. I had no choice. They set up shop in my office. I walked by, noticing that they were pulling out names of those whose transaction were even $5,000, and I asked what was going on. The agent turned to me and said very aggressively, “You have a problem, keep your mouth shut!” The next day in rolled the vans and they took all my business records and began an audit over 3,000 of my clients for the next three years.

That is why I retired. I neither wanted to collect sales taxes on bullion nor be a BANK and report on my clients. Since I was the biggest, they were starting with me. People doing business outside of New Jersey would not have the sales tax problem and the IRS was interested in me because of my size. They would not do the same for small shops. So it was time to get out of the business. Clients wanted the research to continue, so that was spun-off as a new company in 1981.

Now comes Bitcoin. The Judiciary Committee of the United States Senate is currently working on Bill S.1241 that aims to criminalize deliberate concealment of property or the control of a financial account. The bill was submitted in June, and the law would change the definition of “financial account” and “financial institution,” and thus also cover digital currencies and digital exchanges. Who is pushing it? None other than California’s Senator Dianne Feinstein, who maintains that the bill is needed to update existing money laundering laws because of terrorists.

This means that the miners of Bitcoin will become a “bank,” as I was declared. The operators of the trading platform Coinbase were forced by court ruling to notify the IRS of the identity of over 14,000 investors who were trading $20,000 in Bitcoin. Users were affected if their trading volume had exceeded $20,000 at the beginning of 2013 by the end of 2015. So this is NOT a single transaction, but accumulative. The IRS will now “presume” tax evasion. This is what I warned would happen. Been there done that! They can shut down Bitcoin in the blink of an eye by simply defining anyone who is a miner to be a financial institution.

The bill will change the definition of “financial institution” in Section 53412 (a) of Title 31 , United States Code. The text will read:

“An exhibitor, a redeemer or a cashier of prepaid access devices, digital currency or a digital exchanger or a digital currency.”

The regulation will remove the anonymity of Bitcoin and other cryptocurrencies defeating this idea that there is an alternative-financial-universe separate from government