UK Raised Taxes on Families
UK attacks family benefits in taxation is starting to really impact the economy. The full broad effect of this tax hike is contributing to the economic decline in Britain. Giving benefits and then taking them back only increases the cost of administering taxation. This fails to reduce the cost of government and only amounts to raising taxes. Britain appears headed to a NEGATIVE economic growth rate for 2013.
While we will be providing the special report on the 224 Year Cycle peaking in the United States for 2013 in the United States to those that attend the Princeton World Economic Conference. However, it is suffice to say that there is the World Cycle that peaked in 1972 and then each nation has its own. The fall from grace takes 72 years and Britain peaked in 1913. 72 years later we arrived at the collapse of the British pound in 1985 when it fell to $1.03 against the US dollar. Nevertheless, Britain is headed down sharply in an economic spiral and things just do not look very good for Europe or the United States.
German Elections Sept 22nd
As we move closer to elections in Europe we will be confronted by a much more serious political crisis than appears on the radar right now. Merkel’s idea of saving the Euro by imposition of austerity upon southern Europe makes no sense. Their past debts exploded in real value terms when the Euro rose from 80 cents US to $1.60. Europe has for far too long valued a strong currency as a political accomplishment because their currencies were wiped out with World War II. This is why there was never a rise of any real European analytic service in currency because one was a traitor to ever forecast a bear market. Politicians used the rise in their currency as a validation of their success. But those days are long gone. The French dream of a European currency to rival the USA was never well founded. They failed to turn away from the socialistic policies that were necessary to establish such a strong foundation.
Adenauer Grandson is now challenging Merkel and while he is not give much respect as a possible victor, he is stirring up the mix so that the emperor may start to be seen without clothes. He would forgive all the debts and jettison Southern Europe to save the Euro. That would still fail to save Europe. Nevertheless, there solutions that would retain liberty, eliminate the Marxism, increase the living standards, and divert Europe from collapsing into war once again. But all of these possibilities require serious political reform and the letting go of power. Unfortunately, between the politicians and the Marxism academics hell-bent on creating an economy they think is best, there is no likelihood of saving the day. We simply have to watch and wait for the crash and burn. ONLY at that moment of pain can we turn the tide.