Blog/Sovereign Debt Crisis

Italy’s Experience With Pre-Pay VAT Was Devastating

COMMENT: Re:  Germany To Tax VAT Just Billing People Before they Pay Please note in Italy we had the same = pay VAT to the government before collecting it from [...]

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Taxing Income Before You Earn It

COMMENT: Hello Martin; I trust you and the state of Florida are healthy, hurricane or not. As to the German VAT pre-pay system, Ontario, Canada tax laws shocked me [...]

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ECB Negative Rate Experiment May Lead to the Worst Financial Crisis in Modern History

QUESTION: Mr. Armstrong; Your proposition that the quantity of money theory is dead seems to be a true earth shattering perspective. It certainly disproves the [...]

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Navigating the Business Cycle = Prosperity

The key to the future is understanding (1) the past and (2) how everything functions. Sure there is a risk of a Dark Age after 2032. Hopefully, we can learn from [...]

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Illinois Should Just Be Dissolved as the Solution

John Kass of the Chicago Tribune has come out with a blunt article, yet it is the only possible solution since the government is effectively just bankrupt with no [...]

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Illinois – Poster Child for the Coming Sovereign Debt Crisis

Illinois House had voted 72-45 to pass a 32% income tax hike as government refuses to address the real issue of a never-ending need for more and more tax revenue to [...]

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Just Give the Government Your Money & Shut-Up

COMMENT: Dear Marty   I’m doing business w companies in Holland. So I go there with a colleague to visit one of the factories outside Amsterdam.   [...]

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Illinois In Deep Financial Trouble

Illinois Comptroller Susana Mendoza was ordered to make a “substantial” dent in a $2 billion backlog of bills owed to Medicaid providers. The courts [...]

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When Does Buying Gov’t Bonds Support Corrupt Governments?

The president of Venezuela’s opposition-run Congress led by Julio Borges came out and accused Goldman Sachs of “aiding and abetting the country’s [...]

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Democrats Count of Press to Blame Trump if Social Security Defaults Temporarily

The Debt Ceiling issue is back and of course people will sell the dollar as if the USA would actually default. The bulk of the debt is owned by the government so [...]

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