Blog/Sovereign Debt Crisis
The Municipal Debt Crisis Begins
I have previously reported that about 50% of German municipalities are insolvent. This is a global trend and we are witnessing it in the United States as well. The [...]
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Trump & Taxes
QUESTION: Do you support Trump increasing the debt by a trillion dollars? I thought you were conservative? PY ANSWER: Well the first thing you have to do is get a [...]
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Draghi Knew About Hiding Losses by Italian Banks
The Bank of Italy, when it was headed at the time by Mario Draghi, knew Banca Monte dei Paschi di Siena SpA hid the loss of almost half a billion dollars using [...]
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ECB Worried Who Will Buy Government Debt if they Stop?
According to RELIABLE sources behind the curtain, the crisis in Spain led to a significant amount of selling Spanish debt to the European Central Bank (ECB) [...]
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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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