US Property Taxes Wipeout Savings & Profit
The American Dream and the pushing of home ownership is one of the biggest scams the politicians can pull off. The above home sold for $14,000 in 1956. Today, the property taxes are $10,000 annually.If you sell it today for even $200,000, the IRS looks at the difference as profit – not inflation. Then they do not consider the property taxes. Over the course of 50 years, the amount of taxes paid consumes whatever gross profit the IRS claims you made. So just where does owning your own home pay? The greed of politicians knows no bounds and people wonder why the standard of living is declining not rising.
Pakistan Bans Gold Imports
Pakistan has banned the import of gold and India might now follow since its import tax has lead to a massive rise in gold-smuggling. Making it illegal gives the governments the right to confiscate the metal. The governments of India and Pakistan have imposed punitive taxes and restrictions but outright bans on gold against the consumption by their citizens is a major step. They want to keep their currencies stable and see the importation of gold as causing current account (trade) deficits. The Western central banks benefit from the limited demand from Asia over the years as the price has risen helping their balance sheets.
When the economy turns down in 2016, the demand for gold will rise again. We must realize that governments are also likely to target gold for taxation and confiscation between 2016 and 2020.
BitCoin Banned in Thailand
The Thai central bank is the first to ban virtual currency Bitcoin. Lack of laws as a justification for using the currency and lack of capital controls were the issue. Of several central banks have already been resistance to the new currency in the past. This fear for their authority and sovereignty in monetary policy. Canada is looking at taxing all transactions and no doubt the USA will follow suit retroactively of course.
Merkel prohibits American Espionage in Germany
Merkel prohibits American Espionage in Germany
Panic in the Federal Government has gripped the collection of data. The Coalition between the German infamous G-10 and the U.S. NSA has been terminated. The reason is the ever-new revelations about the spying activities of Americans in Germany. Angela Merkel is afraid that might harm her reelection in September
The Next Generation Pensions R Vanishing – Why The Dow May Yet Double
Since the late 1990s, the birth rate is relatively constant at 1.4 children per woman in Germany. according to the Federal Statistical Office . This is effectively the same trend among all developed nations. This eventually leads not only to the fact that the population is decreasing not only in Germany but in all developed nations Russia is offering bonuses to women having children. Japan is suffering in the same manner with its birth rate plunging to historic lows. The same trend is emerging in the USA as the birth rate hits also historic lows. Couples have to have two children just to maintain the status quo.
The birth tends to decline as a nation prospers for people do not need as many children to secure their own future. Even the Roman Emperor Augustus (27BC-14AD) introduced Family Laws requiring young men to get married for the same reasons. The peak in the Roman Empire is distinguished by the peak in population of Rome itself -180AD. This is the source of our immediate long-term economic decline as the fact that there are relatively fewer young people to support the elderly. This is clearly evident in the age pyramid.
The Federal Statistical Office of Germany forecast for 2030 age structure shows relatively few young people. The old will have to tackle with a pension system that is failing. The once German retirement age of 58 is being forced to rise to 70 and the younger generation has no hope at all. This is how all developed empires have died. A nation declines as it actually becomes wealthier because the birth rate declines, and that ensures the long-term economic decline.
Then as the economy declines, the birth rate plummets because people are uncertain about the future. The minorities are attracted by the job openings and fill in the gaps during the early stages of decline. By the time of Caludius (41-54AD) the Praetorian Guard was largely German. It had been his brother who was named Germanicusfollowing the conquest of Germany (Claudius named his son Britanicus after the conquest of Britain). Consequently, the indigenous population is consumed by the minorities that eventually become the majority. The white minority in the USA will become the minority by 2043.
The idea that the state is the guardian of the people is just absurd and socialism has helped to retard the growth rate even more rapidly as children no longer save to take care of their parents for that is the job of the state. The entire family structure has been disrupted by socialism so that productivity has been declining and future generations lacking the family structure must all work even longer than the previous. Then we have the sheer corruption of the political system as in the Roman Republic and we are seeing a significant decline int the overall. Standard of living. It now requires two incomes to provide the same standard as during the 1920s.
There is no solution to this problem for the fact that it is unfolding as it has historically done so for thousands of years is indicative of the natural course of social-evolution. The taxes rise reducing future job growth as government pension suck the life out of the private sector as 50% of revenue in Detroit goes to state employee pensions. The necessary jobs for the future are not being created further depreciating the standard of living for the youth saddled with debt for education and nothing to show for it as unemployment in Europe is at about 60% for the youth.
It is now imperative that people will have to work for many years longer.
The low-interest policy has caused pension funds to drift toward insolvency and this is forcing more and more into high yield risky junk bonds and equities. This could result in yet a doubling of the US share market going into late 2015. Therefore shrinking both the real savings and real benefits with excessively low interest rates desperately trying to stimulate the economy is destroying the liquidity and pension funds.
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