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Old 03-18-2019, 02:45 PM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,442
It pays to own the governent

The MMT people say that GOV can just print the money that it needs. RIDICULOUS ! They say that the GOV doesn't need to tax. RIDICULOUS !
BUT, the Grace Commission formed by Ronald Reagan reported that not one dime of tax money goes to support the government. So, who does it support?
https://archive.org/stream/TheGraceC...n1984_djvu.txt

Armstrong,
"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."
Ah yes, it goes to the bankers.
https://www.armstrongeconomics.com/w...s/trump-taxes/

The 16th amendment, Passed by Congress on July 2, 1909, and ratified February 3, 1913,
How very strange, we got an income tax at the same time that we got a central bank.
Then, there is the question of legitimacy,
https://www.givemeliberty.org/featur...otratified.htm
So, one way or another, your taxes go to the bankers. Then, the bankers take that money AND your savings,,,, then they INVEST. What that means is; they front-run everything that you want or need to buy. Keynes said that with unfolding automation, we would all be so rich that we would only need to work 15 hours a week. That certainly wouldn't leave much for the bankers to skim off.

Armstrong, "I asked what was this all about? The German government had approved that they could lay off 25% of its workforce. At the last minute, the government changed its mind and told the company it was not fair for them to pick and choose. Instead, the company had to make a flat offer with a pay-out of about €150,000 to volunteer to surrender your job. The end results were devastating. Every worker who knew they could get a job with no problem took the €150,000 and left. The company lost its best workers and was then left with the very people they wanted to get rid of. The board directors resigned for they did not want their career associated with what they expected to be a disaster over the years ahead."
Everywhere that you look, it's all about JOBS.

Armstrong, "the ECB unable to do anything whatsoever and the European people have become Draghi’s collateral damage. With leading economies starting to slow and key indicators in the risk zone, we are headed into a hard landing for the bottom of the Economic Confidence Model come 2020."
"We are in a global recession that has been underway with economic growth rates running just a fraction of what they use to be decades ago."
By strange coincidence, birth rates and population growth are just a fraction of what they used to be decades ago.
https://www.armstrongeconomics.com/w...-hard-landing/

3/18 Why this rally smells funny – Rick’s Picks
Smells like soap bubbles.
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