Advise for Trump
QUESTION: What would you advise Trump if he asked?
ANSWER: When I debated Steve Forbes and New Jersey Governor Jim Florio who lost because he kept raising taxes, it was Florio who I converted. Steve took the Flat Tax and Florio was the tax-em-til-the-die Democrat, and in the debate I disarmed Florio by pointing out that the government borrowed from the poor and did not pay them anything handing back their own money in a refund check to pretend they were benefiting from socialism.
Eliminate payroll taxes and say bluntly that the Founding Fathers knew the evils of direct taxation and return the country to how they designed the system rather than Karl Marx. If everyone pays indirect taxes, then even illegal aliens have to pay. With income taxes, only citizens pay taxes and government has to track you. So it is also a loss of privacy.
Hillary says she will force companies to pay people more. The State of New York is going to mandate a $15 minimum wage. Add Obamacare, and big companies will drive to replace workers even more with automated machines. You never see someone in a parking garage. You check in for a flight and you use a machine to give you a boarding pass. Some airports, as Frankfurt in Germany, you put your bag on the scale, it weighs it, prints out a tag, you affix it, and it takes it without anyone being there. The minimum wage should be a place for people to begin to work as kids in school. Raise the wage combined with Obamacare, and you will eliminate low entry jobs. Starbucks pays $9 and the benefits cost more than the coffee they buy. These are not career jobs.
If you want to raise the living standards, lets eliminate payroll taxes. Every $1 increase paid by a company only results in another $1 to comply with regulations, match Social Security taxes, and the worker never sees that money anyhow. Let the people retain their income and you will see people want to work to get ahead. Currently, we borrow from the poor, pay them no interest, and then hand them back their own money, all to pretend socialism works.
Establishment Hate Trump & Are Desperate to Stop Him
The Republicans had a little focus group who watched taped instances on a television of Trump’s apparent misogyny, political flip flops and awe-inspiring braggadocio. They watched the Donald say Rosie O’Donnell has a “fat, ugly face.” They saw that Trump once supported a single-payer health system, and they heard him say, “I will be the greatest jobs president God ever created.” But the group—which included 23 white people, 3 African-Americans and three Hispanics and consisted of a plurality of college-educated, financially comfortably Donald devotees—was undeterred.
At the end of the session, the vast majority said they liked Trump more than when they walked in. The people conducting this experiment were stunned. The Republican leadership is clueless because they are part of the group the people hate so much.
Let’s be honest. If Hillary or Bush are elected, does anyone really think anything will change? After Obama promising to change everything and endorsing whatever the bureaucracy wanted to maintain, getting real change is hopeless. I have personally been talking to a lot of people on the street to gauge their response. Trump is bringing in so many new people who have never voted, this is unfolding precisely as our computer has been forecasting for decades. The 2016 election will be (1) a huge backlash again the politics as usual, and (2) we should see a rise in voter turnout. This is very interesting.
Honestly, at least a vote for Trump may be the only way to to put the breaks on this whole move toward electronic money and higher taxes that will destroy the world. Party politicians will always sell the people out to save the establishment.
Socrates & The General Public
QUESTION:
Hello, I am one of the little people surviving on the minimum wage in the UK whilst raising my children to be responsible human beings and hopefully contribute to a better world.
Thank you for your blog and your valuable insights, you have quite a following from those who have no financial interests and can only dream of having savings. Through your site you are showing a lot of young people how the world really works.
Will there be a place for us when Socrates goes live?
Thank you for all the work you and your team do and good luck for the future.
Clive
ANSWER: Absolutely. The basic level will be just $100 a year and this is geared to the average person so they can have access to the overall trend. With politicians lying, economic statistics bogus, and the the world plague by people offering advice that is anything but free from conflict, the entire object of this project is to eliminate human bias and emotion and just call the shots without the nonsense. It is my personal goal to help society make that transition to a new era which is one step forward rather than falling back into total chaos and having to do that control-alt-delete reboot. If that can be accomplished, they it is a success.
Personally, people love to hate and tear down others because of jealousy. There are people who really hate my guts over gold because they have been wrong but prefer to blame me. This is exactly the type of person who keeps society stuck in the mud. They are incapable of approaching anything objectively and refuse to yield or learn from history no less their own mistakes. This is the type of person who prevents society from advancing and we are thus condemned to repeat history over and over again. That offer no hope for society moving forward.
Trading has been like an ATM machine for me. I have never needed money and have been fortunate in that way to spend on this project that no one else would really do because they are too interested on some guaranteed rate of return instantly. This has been a gift to me so where Trump can afford to run without asking for anything ensuring he is not beholding to an army of special groups, I have been able to create a project that nobody else would fund as well. It is an advantage not being for sale to the highest bidder like Hillary.
Market Talk — August 28, 2015 at Mid-Session
A mixed bag for equity markets across the globe today with two out of three core Asian indices closing higher. The Nikkei and Shanghai produced impressive 3%+ gains this Friday whilst the Hang Seng Index lost 1.05%. In Europe, the DAX failed to trade in the black all day, but we did see small improvements heading into the weekend for both the FTSE and the CAC (both under 1%). The U.S. looked healthy in early trade, but comments by Fed Vice Chairman, Stanley Fischer, suggesting that a September rate increase remained a possibility certainly weighed on an already unsettled trading floor after such a volatile week! The market had already been nervous of his speech set for tomorrow at Jackson Hole, especially following the better than expected Q2 GDP number we saw yesterday, so his timing was not that complementary.
The U.S. bond market was the one that reacted the most with yields touching the week’s highs. The curve was hit and we saw around 2BP flattening 2/10s early on —the comment but later 10s traded down into the close. The long bond (30yr) did perform against 10s as the yield (2.91%) was seen as too attractive at the best levels seen in a while! TY/RX spread closed +145BP ahead of any forward guidance expected over the weekend, so it could be an interesting Monday morning.
The U.S. dollar did like the comment that higher rates are still on the table and we saw gains in the DXY (Dollar Index) of 0.5% on the day with solid performances against euro, JPY, and GBP.
Oil had another good day closing up over 5% for both TWI and Brent (spread closed at $5). Percentages always look good coming from a low base, but regardless both were up around $2.50 each. This rally supported the Russian rouble so we saw another strong day closing +1.5% (65.45).
No comments:
Post a Comment