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Unions want to Tax Exchanges to Pay For Their Pensions

Believe it or not, teacher unions only see their own situation. Unions have destroyed Philadelphia. The Convention Center is a huge loss because of the demands of the unions. Now, the Chicago Teachers Unions are arguing to tax the exchanges in Chicago to pay for their lavish pensions.   In New York, Nurses want to […]

Taxing Whatever Moves – A Political Tradition

COMMENT: Your forecast on marijuana was fascinating. I assume it lined up with the Sovereign Debt Crisis starting in 2010 and therefore the economic pressure would cause the change by 2013. Very interesting. GH REPLY: Yes, you are correct. This is why I say ABSOLUTELY EVERYTHING is 100% Connected. The introduction of the Marijuana Tax […]

Bull Market in Taxes

In the UK, people are suddenly shocked that the government can simply just grab money out of your account without any court order or a right to object in advance as reported by the Telegraph. The desperate need for cash is rising and after 2015.75, hold-on to your nickers – we will see significant increases […]

Global Market Watch for May 8th, 2014

The Global Market Watch has been posted for the close of May 8th, 2014. Global Market Watch

Weak Demand at Long-Term Treasury Auction

The Treasury Department saw the weakest demand since August 2011 in a sale of 30-year Treasury bonds today. The demand for long-term bonds that has driven interest rates well below the old benchmark of 8% has been the rise in demand for pensions. As the Baby-Boomers were getting closer to retirement, the bid for “safe” […]

Federal Reserve Act of December 23, 1913

  The Federal Reserve Act of December 23, 1913 authorized the first issue of Federal Reserve Bank Notes. All denominations were issued from 5 to 10,000 Dollars. The notes from 5 to 100 Dollars are series of 1914. The higher denomination notes from 500 to 10,000 Dollars are series of 1918. With the establishment of […]

BANKING ACT OF 1935

On August 23,1935, Congress approved legislation that had a major impact on the Federal Reserve Banks, the Banking Act of 1935. This Act structurally altered forever the entire concept behind the Federal Reserve whereas its purpose originally was to provide stability with respect to internal capital flows in addition to a regulatory clearing house for […]

Cinco de Mayo

One of our Texan readers reminds us about the Mexican Independence was indeed – a Sovereign Debt Default. “Monday was Cinco de Mayo which Texans celebrate more than Mexicans. Little known fact that the war had its beginnings when the Mexicans declared a moratorium on foreign debt for two years. The British and Spanish negotiated […]

Legalization of Marijuana Right on Schedule

QUESTION: Mr. Armstrong, I know someone who attended your 1985 Conference in Princeton. He said you illustrated the huge volatility, and forecast there would be the Crash in 1987 and 1989. He said you forecast the G5 would be the source of that volatility, and that there would be a Sovereign Debt Crisis that will […]

Global Market Watch for May 7th, 2014

The Global Market Watch has been posted for the close of May 7th, 2014. Global Market Watch