COMMENT: Hi Marty,
Again you’re proof correct.
In Switzerland where government and its administration already destroyed the 80-year-old pillar of freedom, the bank secrecy, for all foreign customers, and has been putting the heads of thousands of US clients plus their bank advisors on the block, the admin now is proposing to also extend this procedure to all Swiss citizens.
It’s ONLY about taxation – everywhere..
J
REPLY: This is why I think honestly the government starts these conspiracy theories to confuse the public to constantly blame groups who are hiding in the shadows bent upon world domination. These stories make great banter. However, it is government that is raising taxes absolutely everywhere you look. It is government that is collapsing. The highlight the disparity between the “rich” and blame that widening spread. This justifies raising taxes and handing government more power.
However, the disparity between the rich and poor is based entirely upon investment income – not wages. We are in the throes of Asset Inflation, not Monetary Inflation from Fed stimulation. That would be indicated by a broad-base rise in everything including wages. We are seeing asset inflation with capital trying to get out of banks and off the grid. Agriculture is rising because of a drop in supply. Therefore, we are NOT experiencing the classic Monetary Inflation at this time.
The cost of government is rising exponentially and that leads to higher taxes and that is the deflationary spiral that prevent monetary inflation at this time. The unfunded pensions are also causing taxes to rise at the state and local levels – more deflation. Consequently, we are getting the classic mixed bag and you have to differentiate between each type.
The HIGHER the taxes. the lower the living standards and greater the deflation. This causes more capital to move off the grid resulting in the collapse of liquidity and rising tangible assets like high-end real estate, collectibles, and art. However, this reduces general consumer demand and this sets the stage for the economic implosion.
