The trend on a global basis is getting really scary. Our forecasts have been computer generated and are by no means my PERSON opinion of what I would like to see. This is getting to be really horrible as government simply go after more and more money without any consideration what happens when you have extorted everyone and there is nothing left? Japan is now moving to become the latest country to consider taxing wealthy individuals who move abroad to take advantage of lower rates or to simply guard their freedom.
Governments look upon the people as the great unwashed. We were born to serve their special interests and have no rights even to exist. What we earn and produce belongs to government and we should be grateful that they allow us to play with some toys. Now the Japanese ruling party lawmakers are proposing an “exit tax” under which people with over ¥100 million ($857,000) in financial assets would have to pay a tax on any unrealized capital gains on those assets if they moved out of Japan.
We are economic slaves – nothing more.
QUESTION: Mr. Armstrong, my son came home from university for the the holidays. To my shock, we had our first intelligent conversation about the economy. He mentioned two things that opened my eyes very wide. First, he mentioned you and then said he believed what he read about random walk theory in school you have proven was wrong. When I asked him how did he come to discover your site, he said Google suggestions put you even ahead of Bloomberg. Do you have any intention in providing a text book that could be used to teach the next generation about the real world?
Thanks for all the amazing work you are contributing for free. You are helping the next generation and for Google to pick your site up in its recommendations demonstrates you are making a major impact.
ANSWER: That is interesting. One of our staff members just showed me the same thing. Google recommended our site for reading in finance and economics. My priority is in getting Socrates up. We are trying for January 1st. We have taken this beyond the “industry” notion of Artificial Intelligence. This is really a break through insofar as what we have accomplished. You will soon see the world as never before mapped out before your eyes.
I just finished writing a piece of code yesterday that has been 6 months of work to get to this point in an antilogarithm. I have been staring at a computer screen so much I am starting to need glasses to read. This is so unique we decided to call this technology Deep Learning Analytics for this is embarking not just on mimicking human intelligence, this is taking it one step beyond where we are exceeding the human capabilities of understanding. Accomplishing something extremely important is my goal that will revolutionize our comprehension of how the global economy even operates.
You are about to see the world moving before your eyes like never before. When this project is completed, then I have several books being edited right now. But I have no plans for a text book yet. I really have so much to accomplish I am not sure if I had two lifetimes left it would be enough to finish.
Suffice it to say, those who popularized Random Walk were incapable to seeing the patterns masked by chaos. This is what Socrates is accomplishing. This is now well beyond human understanding for it can see what people are blind to, yet bring it down into a comprehensible forecast that will then expand your own mind as you learn to see what others cannot.
President Barack Obama intends to sign a bill that would hammer even new sanctions on Russia and provide weapons to Ukraine. The legislation would impose sanctions on Russian defense companies tied to unrest in Ukraine. White House spokesman Josh Earnest said Obama “does intend to sign” the bill despite some concerns about the legislation. Separately, Jason Furman, chairman of Obama’s Council of Economic Advisers, told reporters Russia’s economic problems are of its “own making” but downplayed their effect on the U.S. economy. Clearly, Furman is unfamiliar with international economics for he cannot see that this is a worldwide crash in emerging markets.
The Pimco fund for emerging markets held Russian government and corporate bonds in the amount of 800 million US dollars. The fund has lost nine percent of its value on the last Monday alone. The sanctions against Russia have impacted almost every sector including manufacture and agriculture.
Even in Europe, the Russian Crisis is hitting European companies in all industries. The petroleum giant BP and Even BP-rival Royal Dutch Shell are involved in Russian projects. Then there were a European companies manufacturing cloths and leather jackets for the Russian market that have had the rug pulled out from beneath them first with the sanctions and now with the collapse in the ruble. European famers have been wiped out by the Russian sanctions.
Never was the rejection of Poland against the euro so strong. The Polish people fear that above all, they would suffer from the introduction of the Euro. The general feeling now among the majority is that the Euro would be socially a disaster. The Government of Poland would need indeed to hold a referendum to introduce the euro. But given the growing skepticism against the Euro it is so hard to come by in Parliament. Members within the Polish Parliament have protested various measures holding up the now famous Anonymous Mask.
The Swiss franc tumbled on Today as its Swiss National Bank’s (SNB) imposed a charge on deposits for two main concerns. First, they are scared of a flood of money exiting Russia buying Swiss driving the franc higher and secondly they remain terrified of anticipated pressure continuing from the Eurozone if the ECB starts full-scale money printing early next year.
While the rise in shares both in Europe and the USA are attributed to an upbeat assessment of the U.S. economy and a promise to be patience in raising rates by the Federal Reserve, in reality, capital has to go somewhere. Smart money will continue to exist sovereign debt in front of the anticipated Eurozone meltdown next year combined with falling energy and commodity prices that will hit the emerging market countries even more next year. The Russian crisis may have captured the headlines, but we are already seeing quiet cut-backs in spending in the Middle East that nobody seems to be paying attention to just yet. The US economy remains the ONLY economy holding up the world but that will not last beyond next September.
President Jean-Claude Juncker of the EU has instructed all member countries to provide information on their tax decisions (breaks) provided corporations to the authorities in Brussels from 2010 to 2013. Brussels is now on the offensive to raise money and they are now targeting international business. Taxes should be determined whether competition is distorted by selective tax breaks in the internal market within Europe. Since June last year, the Commission is already looking with practice in Luxembourg, Ireland, the Netherlands, the UK, Malta, Belgium and Cyprus. From other countries, it requires information to shell companies.Because of the tax arrangements with Starbucks, Apple and Fiat in three EU countries a process already running. The hunt for taxes is expanding everywhere.