Are the ’60s Race Riots Coming Back after 43 years?
In the U.S. city of Ferguson, for five days there have been serious clashes between police and residents. Since the killing of a young African American by a police officer things have not been the same. Security forces have cordoned off the entire city and put a tear gas and rubber bullets. A US Rep complains about the massive militarization of law enforcement. Is this all getting out of hand?
Ukraine Update
23 armored Russian personnel carriers along with tankers and other supply vehicles are staging to move into Ukraine. Moscow says the convoy is carrying humanitarian aid and has arrived at Ukraine’s border and the country’s border police were awaiting the necessary paperwork to begin inspecting them,
Meanwhile, the people are being told that government must first fight the war before addressing political changes. The people who fought for Kiev are now witnessing ho politics really works
Attitude is Everything
Part of the war cycle is just the general feeling or attitude that shifts due to economics. We seem to be headed for such a fateful turn. The police domestically have turned militaristic. This is a very serious issue far beyond what most people would even guess. It tends to show the changing attitudes within society. Couple this with Obama who seems to think he was elected to start a war. We are approaching a serious turning point that may reshape the world as did 1932 following the economic trend of the Great Depression.
The year 1932 saw Mao come to power in China. In Germany, Hitler came to power. FDR came to power in the United States. Even in Japan, the seeds of war were planted with the May 15 Incident, in which Prime Minister Tsuyoshi Inukai was assassinated by young military officers in an attempted coup. The killing spread fear among Japan’s liberal politicians and strengthened the militarists, who eventually led the country into the catastrophic Pacific War.
1932, which was also the low in the markets from 1929, was linked to 2007 for this was 8.6 years squared. The year 2007 began the changing process and we should be looking ahead now at 2017 where the war cycle will turn upward.
We are witnessing the collapse democracy or to put it in the proper perspective – the right of the people to vote even in a republic. Europe is hell-bent on removing any democratic process because Brussels believes they know best and the people are just too stupid to know what is best for them.
So 2007 market the beginning of shift in attitude. Even liquidity has not recovered.
Big Bang – Sovereign Debt Crisis
The Sovereign Debt Crisis is unfolding on schedule. I have warned at the Philadelphia Conference that half of Germany’s municipalities are on the edge of bankruptcy as was the case with Detroit. Instead of reform, no, government just increases the tax burden upon the people who they see having an endless supply of money to be expropriated for their personal glory.
Just like a small business that keeps expanding, those in government do the same thing except it consumes money never creates anything. Socialism is not about helping the less-fortunate. It is about government workers helping themselves to what you have. This is no different from giving money to a charity and you find out 80% goes to administration costs.
In Germany where the average person already pays more than half their wages in taxes to support government, here comes another tax on top of the existing proposal to confiscate 10% of everyone’s accounts to pay for the banks. Now there will be the “solidarity” contribution (solo) which is for continuous control of government. According to information from the German economic news, the Federal Government, states and municipalities intend to share the solos revenues, in order to meet their debt service obligations. You see, there cannot be hyperinflation. Governments resort to hyperinflation ONLY when they cannot borrow or tax anymore. They will turn you upside-down and take your gold fillings before they will ever resort to printing.
What the new tax will be called, is still open to speculation. In order to bring the matter quickly across the stage, some top officials have been punished with forced furloughs to prevent their objections. It is becoming very clear: Taxpayers are dispossessed not only with low-interest rates to keep government financing artificially low, confiscation of assets to help bailout banks who lost speculating with your money, but they will have to pay 5% of their income to now bailout state and municipal debt. There will never be enough money to go around because pensions will continue, workers will retire, they will hire replacements and the size of government will grow exponentially until this bubble bursts just as a speculative bubble in stocks – there is no difference! This is a bubble in government!
There is just never any end in sight to the bull market in taxation until the bubble bursts and the people rise up creating the next revolution. That is ALWAYS the historical out come unless they can find an external enemy to create war to hide their defaults.