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Martin Armstrong Blasts "We Need To Restructure The World Now!"

Tyler Durden's picture




 

Submitted by Martin Armstrong via Armstrong Economics blog,

Obama Lies

The USA may not be as all-powerful as its tells its people or our politicians believe. For all the spying going on against American citizens to hunt them down for taxes intercepting all cell phone calls, the USA is vulnerable on many fronts. The Chinese have been able to compromise the US defense systems.

Meanwhile, in the Black Sea, Russia sent a Su-24 jet which then simulated a missile attack against the USS Donald Cook. It carried a new device that rendered the ship literally deaf, dumb, and blind. The Russian aircraft repeated the same maneuver 12 times before flying away.

Obama better wake up. This is not some video game. The world is on the brink of war and governments need this war because they are dead in the water economically. The government in Ukraine has told its people it cannot reform now, it is in war. So be patient. We will see this same excuse migrate to Europe and the USA. Government NEED such a diversion. It also does not hurt to kill off those anticipating being taken care of by the state.

IllusionThe US economy is holding up the entire world economy right now and the growth rate is minimal. When we turn the economy down, look out below. These morons have been hunting taxes everywhere and as a result they have shut down global capital flows. Government lives in an illusion. They simply assumed they could always tax and never funded anything presuming they could always shake money from us.

ROME-EMP (3)

 

It has been the FREEDOM of investment capital on a global basis that built the economies of the world after World War II. This was the same aspect that built the Roman Empire. Conquering everything enabled global capital flows. Capital flows around the globe at all times and has done so since ancient times. Cicero commented that any event in Asia (Turkey) be it financial or natural disaster, sent waves of panic running through the Roman Forum. If capital has been restricted in movement as it is today, no American would have ever been able to invest in Europe or Asia. Where would the world be today had FATCA been around in 1945?

SovTimeBomb

These idiots have destroyed the world economy and we will only understand this full impact nest year. If you outlaw short-selling, there is nobody to buy during a panic. This is the same problem. The liquidity is still off by 50% from 2007. Retail participation in the US share market is at historic lows. When the global economy turns down, it will drop faster than ever before BECAUSE liquidity is not there.

Hiding-Under-Covers

We NEED to RESTRUCTURE the world economy NOW – RIGHT THIS VERY INSTANT. Raising taxes and stopping global flows is the absolute worse case scenario you can possibly ever do in times like the present. This is turning VERY ugly. You better buy some extra heavy blankets because you are going to want to just hide in your bed when this chaos erupts. There are boggy-men under the bed and in the closet and he is listening and watching everything you do.

Bug-Stops-Here-DonkeyHotey

Why? Because he is scared to death he may be losing power. They are in the final stages of insanity – the Stalin Phase where they are paranoid about what everyone even thinks and says.

 

 

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Sat, 11/15/2014 - 14:29 | 5451906 dbTX
dbTX's picture

Roman Empire II coming soon

Sat, 11/15/2014 - 14:38 | 5451915 nope-1004
nope-1004's picture

"The US economy is holding up the global economy."

 

Is that like:  I live in a condo and the resident next to me buys more shit than me, so everyone in the building is better off?  The US consumes more than it produces.  The end is near.  There is only the illusion of wealth and economic support, Martin.

Some perpsective on how the US is actually holding up the global economy, minus FX rigging, would be interesting.

 

Sat, 11/15/2014 - 14:42 | 5451931 Pinto Currency
Pinto Currency's picture

 

 

 

Perhaps we can restructure Martin Armstrong while we're at it.

Sat, 11/15/2014 - 14:43 | 5451937 knukles
knukles's picture

Extent to which CNBS restricts reporting and analysis.
Will they ever figure it out?
Or are they a propaganda mechanism?

http://weaselzippers.us/205452-tv-anchor-finally-reveals-what-happened-w...

Sat, 11/15/2014 - 15:13 | 5452015 OW My Balls
OW My Balls's picture

Martin Armstrong was apparently already restructured. Hence the GET OUT OF JAIL FREE card.

Sat, 11/15/2014 - 16:32 | 5452208 linniepar
linniepar's picture

Martin, we don't trust you (anymore.)

 

Reform into what? Some new world order? How about we uphold the constitution for starters.

Sat, 11/15/2014 - 19:17 | 5452668 Pinto Currency
Pinto Currency's picture

 

 

By the time the 'restructuring' is restructured, Armstrong won't know whether he is coming or going.

Sat, 11/15/2014 - 21:56 | 5453035 philipat
philipat's picture

2015.75. What a clever boy you are Martin.

Sat, 11/15/2014 - 15:21 | 5452039 Clarabell
Clarabell's picture

Thank goodness Ms. Frances has finally joined a non propaganda organization that is dedicated to giving the American people the real truth... FOX NEWS HA HA HA!

Sun, 11/16/2014 - 09:17 | 5453936 LordEffingtonTh...
LordEffingtonThreeSticks's picture

As Melissa Francis said "Fox never took me in a room and told me what I could or could not say"

 

so yeah....she has stepped up a notch or two.  I can't take all the advertisements though!

Sat, 11/15/2014 - 16:51 | 5452249 Sam Clemons
Sam Clemons's picture

Martin Armstrong...Yawn.

Sat, 11/15/2014 - 18:47 | 5452566 TradingTroll
TradingTroll's picture

Good idea.

Because when they restructured you there was nothing left.

Sat, 11/15/2014 - 19:18 | 5452673 Galactic Superwave
Galactic Superwave's picture

Martin Armstrong writes like the typical 7th grader. Not a reason to take him seriously.

Sat, 11/15/2014 - 15:53 | 5452100 BrosephStiglitz
BrosephStiglitz's picture

The US dollar is the only option for international capital flows.  Yes .gov has abused the hell out of the dollar hegemony privilege, and yes the US consumer is like a tired, old whore.

For (more) stability, a gradual shift away from the US dollar is warranted.  For a scorched earth/Ron Paul/Peter Schiff policy then the dollar should be disintegrated, all hell will break loose, the real economy will be the only support.  Fortunes will be made (in nailguns and pitchforks.)

Most likely in the latter case, confidence will return faster to an economy that has been hammered and tempered in the crucible of war.  The question is whether the gain in time and human progress is worth the loss of human life that will accompany it.

The risk of avoiding said outcome, is that the current status quo continues for many generations.

Edit: So yes.  Pick your poison: the death of hope and prosperity via the death of a thousand inter-generational cuts, or the real world equivalent of Mad Max's Thunderdome.

Sun, 11/16/2014 - 04:27 | 5453733 DonGenaro
DonGenaro's picture

maybe he means "holding up" in a different way :-)

Sat, 11/15/2014 - 14:34 | 5451917 Arius
Arius's picture

"ISIS is like the barbarians coming in upon Rome at its time of weakness"  Martin Armstrong.

 

And what the dutch do?  they have them back from siria and giving them jobs to include them in the society? 

 

What world do they live in???

Sat, 11/15/2014 - 14:46 | 5451945 Bloppy
Bloppy's picture

I've given up trying to warn people, nobody is listening, but-the-Dow-is-at-all-time-highs wins

 

Melissa Francis: NBC suits censored me when I questioned Obamacare-

http://tinyurl.com/o4lam36

Sat, 11/15/2014 - 15:44 | 5452093 Its Only Rock N Roll
Its Only Rock N Roll's picture

A private plane Melissa Francis was on goes down after takeoff......

~ Dec 2014

Sat, 11/15/2014 - 17:05 | 5452285 stant
stant's picture

Pe Armstrong this is almighty almighty copy? Wtf on the Hal niner triple zero

Sun, 11/16/2014 - 09:19 | 5453940 LordEffingtonTh...
LordEffingtonThreeSticks's picture

You got yer ears on Stant?

Sat, 11/15/2014 - 19:25 | 5452687 sof_hannibal
sof_hannibal's picture

those romans a great people they were

Sat, 11/15/2014 - 19:32 | 5452701 drendebe10
drendebe10's picture

...sandpaper the skin off the liar in chief illegal alien muslim fudge packer &  ury it in salt...

Sun, 11/16/2014 - 09:35 | 5453967 fockewulf190
fockewulf190's picture

"Roman Empire II coming soon."

Or the Fourth Reich.

Sat, 11/15/2014 - 14:31 | 5451907 TahoeBilly2012
TahoeBilly2012's picture

Anyone plan to tell Mr. Martin the massive debt is plan to crash the economy and push for a single world currency? It's a plan Sir, not a bumbling accident. But, by all means, carry on with some ideas to right the ship.

Sat, 11/15/2014 - 15:38 | 5452078 Escrava Isaura
Escrava Isaura's picture

 

 

Very good point Tahoe, because that’s the goal. Not sure if it can work. I don't think it will. Anyway, watch what China does here.

 

Another thing will be 'Global Warming/Global Pollution' that will give traction for a Global Currency/Globalization while bringing China into this “global-Currency”.

 

Sun, 11/16/2014 - 09:21 | 5453943 LordEffingtonTh...
LordEffingtonThreeSticks's picture

Great Global Warming Swindle

https://www.youtube.com/watch?v=Ov0WwtPcALE

Sat, 11/15/2014 - 22:32 | 5453128 cornflakesdisease
cornflakesdisease's picture

We have a new world currency.  It's called the dollar.  50% of world trade when Reagan left office, 93% of world trade today.  The cleanest dirty shirt.  And yes, the dollar will collapse as soon as we run out of zeros.  Yes, "the boys" are going to spend 100 years building their dollar franchise and just throw it away. LOL.

Sat, 11/15/2014 - 14:30 | 5451908 williambanzai7
williambanzai7's picture

Sat, 11/15/2014 - 14:50 | 5451954 Cognitive Dissonance
Cognitive Dissonance's picture

Houston Kayne West, another eagle has landed on your soon-to-be-former wife's butt.

Sat, 11/15/2014 - 15:14 | 5452024 OW My Balls
OW My Balls's picture

There's enough MOON there to cause a tidal bore strong enough to find all the ZH'ers sunken gold.

Sat, 11/15/2014 - 15:32 | 5452065 MsCreant
MsCreant's picture

So that is how hyperinflation works to reveal the gold. I learn so much around here.

Sun, 11/16/2014 - 09:23 | 5453947 LordEffingtonTh...
LordEffingtonThreeSticks's picture

Sunken gold?  Oh noes!

Sat, 11/15/2014 - 15:32 | 5452063 MsCreant
MsCreant's picture

It's losing power because it has landed deep in the crack where the sun don't shine. Solar powered you know. 

Kim Lardassian, is it a planet? Or a satellite?

Sun, 11/16/2014 - 06:00 | 5453782 Bearwagon
Bearwagon's picture

Behind that event horizon, it possibly is a black hole. As if you wouldn't know already ...

Sun, 11/16/2014 - 09:24 | 5453949 LordEffingtonTh...
LordEffingtonThreeSticks's picture

The probe is now passing Uranus.

Sun, 11/16/2014 - 12:25 | 5454259 MsCreant
MsCreant's picture

Those things suck up everything in their path. Very dangerous.

Sun, 11/16/2014 - 13:45 | 5454456 Hulk
Hulk's picture

Apparently, poo didn't get the Schwarzschild radius memo...

Sat, 11/15/2014 - 15:10 | 5452005 Cthonic
Sat, 11/15/2014 - 15:35 | 5452074 t0mmyBerg
t0mmyBerg's picture

somehow that makes me think i need to go inhale some of colorados finest to wrap my head around it

Sat, 11/15/2014 - 19:26 | 5452688 sof_hannibal
sof_hannibal's picture

finally some real news for once

Sat, 11/15/2014 - 14:32 | 5451916 breadonwaters
breadonwaters's picture

So, when is the G20 meeting?   /sarc

Sat, 11/15/2014 - 14:35 | 5451919 SilverIsMoney
SilverIsMoney's picture

Mr. "No Manipulation but pay me $400 for where Gold will be in 3 years" Armstrong is a joke

Sat, 11/15/2014 - 14:42 | 5451933 Bay of Pigs
Bay of Pigs's picture

He rails against gov't (which is fine), but he completely ignores Central Banks and Wall St corruption. Why is that Marty?

He is a joke.

Sat, 11/15/2014 - 18:44 | 5452554 TradingTroll
TradingTroll's picture

I didnt know Pigs could type, soo you're a fraud.

 

Aside from that, if you actually took the time to READ Armstrong you'd find lots of posts against bankers and Wall St

Sun, 11/16/2014 - 06:03 | 5453785 Bearwagon
Bearwagon's picture

I didn't know that the bay of pigs is indeed composed of real pigs. Thought of some cuban bay, where something ugly happened a long time ago. But I still keep on learning interesting new things, here ...

Sat, 11/15/2014 - 15:37 | 5452069 moneybots
moneybots's picture

"Mr. "No Manipulation but pay me $400 for where Gold will be in 3 years" Armstrong is a joke"

 

It is the trend that cannot be manipulated, according to Armstrong.   Armstrong has never claimed there is no manipulation.  In fact, the other day he had a chart of what he referred to as the Buffet silver manipulation, when silver spiked up in 1997.  After the manipulation spike, silver continued its downward trend.

As far as i can tell, Armstrong is not a joke.  Gold is a commodity and commodities are declining in value, in a fading global economy.

Gold is in a bear market and if one looks at a chart, the price has followed a common chart pattern in its decline.  As Armstrong notes, as is common with bear markets, it is when gold is repudiated and no one wants it any more, is when the bottom will occur.

As they say, the trend is your friend.  As they also say, never argue with the market, the market is always right.  Whether you believe it is being manipulated or not, the price of gold has been going down.

Those who held DOW 14,000 all the way down to 6,500, eventually saw DOW 17,000.  Armstrong says gold will go to 5,000, but it is not yet its time to do so.

 

 

 

Sat, 11/15/2014 - 16:00 | 5452139 Bay of Pigs
Bay of Pigs's picture

Polly want a cracker?

Speaking of jokers...

Sat, 11/15/2014 - 16:22 | 5452196 nope-1004
nope-1004's picture

Gold most certainly IS NOT a commodity, moneybots.  If you think it is, continue.  If you care to research, you'll be wiser.

Foreign countries are not amassing a commodity because it is a metal.  They are amassing real money because it is wealth.  Behind the Wall Street facade there is something very different going on than what you see.  You are sold the commodity meme to make you trade gold.  You are told it's not money so that you don't save gold.  And you are told you shouldn't store it out of fear of it being stolen so that you don't hold gold.

 

Sat, 11/15/2014 - 16:56 | 5452263 Space Animatoltipap
Space Animatoltipap's picture

The Pavloved ones' really believe gold is just another commodity. Pavlov showed something not only dogs are vulnerable to. Besides, many peorple are just dogs of course.

Sun, 11/16/2014 - 06:04 | 5453786 Bearwagon
Bearwagon's picture

Just ask J. P. Morgan: Gold is money - and nothing else ...

Sat, 11/15/2014 - 18:44 | 5452550 TradingTroll
TradingTroll's picture

Speaking of jokes, your entire post didnt contain any factual information

Sun, 11/16/2014 - 19:32 | 5455383 Bay of Pigs
Bay of Pigs's picture

Yes, I read the article dummie. One of many he has posted here recently. And he doesnt say anything about central bankers.

Sat, 11/15/2014 - 15:45 | 5452103 BigJim
BigJim's picture

I actually hacked into Armstong's mainframe, recompiled the code for his Omniscient Pan-Galactic Everything Predictor on my linux box, re-ran the data and got a crunch date of 2015.71.

But when you consider the era of his ICL ME1900 system he does pretty well.

Sat, 11/15/2014 - 18:41 | 5452547 TradingTroll
TradingTroll's picture

And you provide accurate forecasting for free? Loser.

Sat, 11/15/2014 - 14:38 | 5451924 ebworthen
ebworthen's picture

The kitty cat under the covers brought me here.

Have to agree with TahoeBilly2012 above; debt serfdom is the plan.

Sat, 11/15/2014 - 16:09 | 5452157 bbq on whitehou...
bbq on whitehouse lawn's picture

That kitty understands that its all ready to late.
Fukushima is killing the ocean, the debt is killing the economy and politcal stalemates are killing whats left of reason and lawfulness.

Sat, 11/15/2014 - 14:42 | 5451932 Fishthatlived
Fishthatlived's picture

"Boggy-men?"

Sat, 11/15/2014 - 15:02 | 5451975 U4 eee aaa
U4 eee aaa's picture

Yes, they are from bogs. Don't mess with them.

They are different from the monsters that hail from discos and like to boogie

Sat, 11/15/2014 - 15:27 | 5452056 Stuck on Zero
Stuck on Zero's picture

Maybe "Bogey Men." 

Bogey: An aerial radar contact that has not yet been confirmed as hostile.


Sat, 11/15/2014 - 15:47 | 5452106 BigJim
BigJim's picture

I've heard tank battalions require at least one Bogey-man to keep things running smoothly.

Sat, 11/15/2014 - 16:15 | 5452177 U4 eee aaa
U4 eee aaa's picture

and rabid Casablanca fans

Sun, 11/16/2014 - 08:45 | 5453897 SokPOTUS
SokPOTUS's picture

Unfortunately,  I am more a Double-Bogey man, myself.

Sat, 11/15/2014 - 14:42 | 5451934 lasvegaspersona
lasvegaspersona's picture

ZH ads now covering the reading material. I'll have to quit ZH when I spend as much time closing ads as I do reading the article....ZH do you really need that much ad revenue???????

Sat, 11/15/2014 - 15:02 | 5451952 Jack Sheet
Jack Sheet's picture

@lasvegas

..that should be the cue for a lot of clever people who will tell you to install firefox with ghostery, adblock plus and noscript..

only snag is, none of that stuff works on tablets and smartphones! 

Sat, 11/15/2014 - 15:15 | 5452018 Spastica Rex
Spastica Rex's picture

Let me check my Android phone with firefox and adblock installed.

Yep - no ads.

edit: I also checked my son's android tablet. Yep - no ads.

Sat, 11/15/2014 - 15:17 | 5452032 Jack Sheet
Jack Sheet's picture

thanks for the tip - haven't found anything that works on an ipad yet after ios8

Sat, 11/15/2014 - 15:20 | 5452036 Spastica Rex
Spastica Rex's picture

Yes - Apple won't approve firefox, so no firefox for iOS devices.

You have to give up certain freedoms to frolic in their garden.

Sat, 11/15/2014 - 15:48 | 5452114 BigJim
BigJim's picture

I refuse to use Apple devices for the same reason I'd refuse to work in a harem: the entrance 'condition' is a bit *cough* steep.

Sat, 11/15/2014 - 15:26 | 5452052 Meatballs
Meatballs's picture

Adblock Plus (not from the play store- download directly) works on my galaxy tab and s4.

Sat, 11/15/2014 - 15:10 | 5452002 seek
seek's picture

Tyler mentioned in another thread that there's some issues with Google's ad servers and they've working on it, I'd imagine this is part of the same problem.

Sat, 11/15/2014 - 14:46 | 5451943 phoolish
phoolish's picture

Can't be saved any longer.  Hang on and at least pray they don't start a nuclear war to accomplish their 'restructuring.'

 

Sat, 11/15/2014 - 14:52 | 5451956 Hamm Jamm
Hamm Jamm's picture

And somehow you think they will RESTRUCTURE this to be a fair system ???      No, it ain't gonna happen

they are masters at rigging everything

 

why not let it run the course and go full circle !   would you deny the people their chance to take back the world and tear out the throats of the psychopaths in charge of this Con game ...    I'll tell you that it will not happen ..  their greed is so excessive that they do not see the ugly future that awaits them !

PutinObamaJinpingFedbank, you are on the menu .....    and the people are hungry for justice !

Sat, 11/15/2014 - 15:09 | 5451999 U4 eee aaa
U4 eee aaa's picture

They already have the 12 volume plan written up. They just need a crisis in order to save us. Then after the crisis hits and they decide to try to 'negotiate' a new plan, they will bring out this 12 volume plan 35 minutes later....because they expect us to believe they can write and publish that fast.......and many will believe they can. They are government after all. They can do ANYTHING!

Sat, 11/15/2014 - 18:41 | 5452542 TradingTroll
TradingTroll's picture

You need to restructure before war, while the average person has a voice. Afterwards we'll all be in work camps (for our own good).

Sat, 11/15/2014 - 14:53 | 5451959 Jack Burton
Jack Burton's picture

Is he saying "tax cuts for the rich and for corporations" will save the world economy? I'm just wondering, because the % of taxes paid by the wealthy in the USA is lower than since the 1920's. Corporations indeed do have a tax rate, they also have freedom to escape most taxes. Look at GE, then tell me they are burdened by taxes? Sorry. I agree with the problems and the evil of govenment. But the idea that more tax cuts for the wealthy is what the fix is. Maybe he could explain why the rich have never been as rich as now, or explain why their % of income growth is near 100%. Or that income gapsare everywhere in the world growing.

Is this a problem of overtaxed wealthy, who usffer inability to transfer money across the globe. I am sorry, but he did not prove his case, he simply spouted the same old tired solution.

If the rich and corporations have never ever been so rich, then how does his argument hold water. I maintain the facts prove his solution to be false. If the poor were stealing from the rich, shutting down capital flows, like Robin Hood did to Nottingham's carry trade in 1200's England, maybe. But, come back and expalin corporate tax evasions, foreign tax havens, ANY smart corporation pays near zero in tax. If he makes his argument, then he needs to explain a hell of a lot before I buy into his solution. As IF the rich and corporations were being squeezed to death. FUCK! They have never had so much money as in 2014. WTF is he talking about. Prove me wrong please. I doubt anyone can, if they use real figures.

Sat, 11/15/2014 - 15:02 | 5451983 U4 eee aaa
U4 eee aaa's picture

Down with profit taxes!

Up with revenue taxes!

Sat, 11/15/2014 - 15:05 | 5451988 livefreediefree
livefreediefree's picture

From the Heritage Foundation:

The tax cuts of the 1920s

Tax rates were slashed dramatically during the 1920s, dropping from over 70 percent to less than 25 percent. What happened? Personal income tax revenues increased substantially during the 1920s, despite the reduction in rates. Revenues rose from $719 million in 1921 to $1164 million in 1928, an increase of more than 61 percent.

The share of the tax burden paid by the rich rose dramatically as tax rates were reduced. The share of the tax burden borne by the rich (those making $50,000 and up in those days) climbed from 44.2 percent in 1921 to 78.4 percent in 1928.

You: They have never had so much money as in 2014. WTF is he talking about. Prove me wrong please. I doubt anyone can, if they use real figures.

Sat, 11/15/2014 - 15:13 | 5452011 LetThemEatRand
LetThemEatRand's picture

You and naturally the oligarch friendly Heritage Foundation, completely miss Jack's point that the truly wealthy including the largest corporations do not actually pay taxes.  Yes they have a tax rate on paper, but they have loopholes to that rate rendering it meaningless.  You did not answer's Jack's question.  You instead changed the subject and repeated a tired talking point.  

If tax policy were the problem as posited in this article, why are the rich getting richer?  And if the solution is to let the rich get richer, why is the economy crumbling around us when the rich are getting richer?  

Sat, 11/15/2014 - 15:39 | 5452082 Spastica Rex
Spastica Rex's picture

The rich would stop getting richer if we lowered their taxes because they would then use the extra money to hire us poo' folk to code smartphone apps, after we've taken out the loans to learn how to do it, of course.

Sat, 11/15/2014 - 18:39 | 5452535 TradingTroll
TradingTroll's picture

You miss the point.

 

This is about smaller government. Government has to tax more because it is too big.

 

I dont care about taking out a loan to code. I dont care about starting a software company. But if you read ZH this week you read about small business owners crushed by fees, taxes and regulations. But government wants the poor pitted against the rich and you fell right into their playbook.

Sat, 11/15/2014 - 18:53 | 5452584 Spastica Rex
Spastica Rex's picture

I think you miss the point, jackass.

Hint: it's not about small business owners.

Sat, 11/15/2014 - 20:10 | 5452788 Oldwood
Oldwood's picture

Maybe we should just shoot the rich. It would make eating them so much easier.

Sat, 11/15/2014 - 16:18 | 5452184 U4 eee aaa
U4 eee aaa's picture

because the answer has nothing to do with taxes and everything to do with public debt, private debt and fractional reserve banking

Sat, 11/15/2014 - 20:13 | 5452793 Not My Real Name
Not My Real Name's picture

This ^^^^

Sat, 11/15/2014 - 20:04 | 5452779 livefreediefree
livefreediefree's picture

LTER

... completely miss Jack's point that the truly wealthy including the largest corporations do not actually pay taxes.

You know PolitiFact, right? If you don't, investigate it. PolitiFact checked this: Sanders: One out of four corporations pay no taxes

You know Bernie Sanders, right? If you don't, investigate him. (Hint: He's an avowed [democratic] socialist, and lloooovvvvveeeessss higher taxes.)

Here's the last part of PolitiFact's findings:

Special tax breaks and abuses of the tax code exist but even an analysis from a group that shares many of Sanders’ perspectives pointed to a ratio that was, at most, one out of six and possibly as small as one out of 16.

The one out of four statistic fails to take into account many relevant factors.

We rate the claim Half True.

Blanket statements like "... the largest corporations do not actually pay taxes" are easily checked. In the future, I recommend you think before you post easily-checked, blanket statements, and start dealing with facts rather than hyperbole.

I did extensive analysis on the FIT, and even had a subsection on my now-defunct Web site where I uploaded my analysis, but, briefly, I discovered that, every time the tax rate was cut, the rich paid an increasing percentage of FIT. Therefore, if you raise income tax rates, the rich will pay a decreasing percentage of FIT.

My analysis used gov't stats, and covered JFK's, Reagan's, and Bush II's tax cuts.

Sat, 11/15/2014 - 22:02 | 5453059 livefreediefree
livefreediefree's picture

Let's concentrate on corporate income taxes. You know the Office of Management and Budget (OMB), right? If you don't, investigate it. From OMB's Table 2.1—Receipts by Source: 1934–2019, income from corporate taxes:

1981 - 61,137
1982 - 49,207
1983 - 37,022
1984 - 56,893
1985 - 61,331
1986 - 63,143
1987 - 83,926
1988 - 94,508
1989 - 103,291
1990 - 93,507
1991 - 98,086
1992 - 100,270
1993 - 117,520
1994 - 140,385
1995 - 157,004
1996 - 171,824
1997 - 182,293
1998 - 188,677
1999 - 184,680
2000 - 207,289
2001 - 151,075
2002 - 148,044
2003 - 131,778
2004 - 189,371
2005 - 278,282
2006 - 353,915
2007 - 370,243
2008 - 304,346
2009 - 138,229
2010 - 191,437
2011 - 181,085
2012 - 242,289
2013 - 273,506
2014 - 332,740 (est)
2015 - 449,020 (est)
2016 - 501,701 (est)
2017 - 527,977 (est)
2018 - 539,879 (est)
2019 - 514,373 (est)

Of note is the reduction in corporate tax receipts caused by recessions and bursted bubbles.

It appears corporations do pay corporate taxes.

Sat, 11/15/2014 - 22:13 | 5453091 livefreediefree
livefreediefree's picture

LTER:

If tax policy were the problem as posited in this article, why are the rich getting richer?  And if the solution is to let the rich get richer, why is the economy crumbling around us when the rich are getting richer?

QE, deficit spending, a gov't-based command-and-control economy, capitalizing gains but socializing losses, increased entitlements, (aka, wealth distribution), unfettered illegal immigration, and excessive gov't regulation are some of the causes of our skewed economy.

The revolution is over, and they won. Crony capitalism, with the gov't in charge and Wall Street and corporations beholding to it, is the order of the day. The rich aren't going to revolt because they are getting richer. The poor aren't going to revolt because increased entitlements have made them sheep. The middle class is shrinking so revolution will not emanate from them.

Notice anything common? Big gov't. To stop the rich from getting richer, downsize gov't.

Sat, 11/15/2014 - 16:15 | 5452166 Escrava Isaura
Escrava Isaura's picture

 

 

livefreediefree

C’mon! You ought to know better than that.

But I will give you that: You didn’t use the Lafferhably Curve... Otherwise you would kill half of the Zero Hedgers readers by them laughing at it so hard.

 

Sat, 11/15/2014 - 20:06 | 5452781 livefreediefree
livefreediefree's picture

"Reality is and facts are" The truth remains the truth, and reality remains reality, regardless of how many individuals laugh at them.

Sat, 11/15/2014 - 20:18 | 5452798 piratepiet
piratepiet's picture

look up constructivism

Sat, 11/15/2014 - 21:49 | 5453012 livefreediefree
livefreediefree's picture

OK, I did. What's your point?

Sun, 11/16/2014 - 00:31 | 5453433 Escrava Isaura
Escrava Isaura's picture

 

 

livefreediefree

The truth remains the truth, and reality remains reality,

 

Says who?

 

In accordance to which fact or reality is that truth derived?

 

Anyway, it’s obvious that you’re an intelligent person; and we got your good point about that some of us here, sometime, make statement in a narrow sense.

 

So try to focus on the message.

 

You ought to know that those corporations have major taxes advantages and tax loopholes that small business would only dream about it.

 

You ought to know as well that corporations are heavily subsidized by government contracts, government connection, procurements, ZIRP, grants, wars, and so on.

 

You ought to remember 2008 TARP Bailout program, otherwise, if I can quote Bush: “This shit is going down, isn’t it?” or something like that.

 

You also ought to know about the US having the world reserve currency that greatly benefits corporations; as well the MIC… and let’s not forget US standards of living.


Anyway, let me give two examples of that ‘hidden’ power:

“I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I helped make Haiti and Cuba a decent place for City Bank boys to collect revenues in. I helped make Mexico, especially Tampico, safe for American oil interests in 1914. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested. War is a racket. It is the only one in which the profits are reckoned in dollars and the losses in lives.” -- Smedley Butler

 

Bretton Woods: Dollar as World’s Reserve Currency. It means: United States would use the convertible financial system to trade at a tremendous profit with developing nations, expanding its industry and acquiring raw materials. It would use this surplus to send dollars to Europe, which would then be used to rebuild their economies, and make the United States the market for their products. This would allow the other industrialized nations to purchase products from the Third World, which reinforced the American role as the guarantor of stability.

A trade surplus made it easier to keep US armies abroad and to invest outside the U.S., and because other nations could not sustain foreign deployments, the U.S. had the power to decide why, when and how to intervene in global crises. The dollar continued to function as a compass to guide the health of the world economy, and exporting to the U.S. became the primary economic goal of developing or redeveloping economies. This arrangement came to be referred to as the Pax Americana, in analogy to the Pax Britannica of the late 19th century and the Pax Romana of the first.

http://en.wikipedia.org/wiki/Bretton_Woods_system#Dollar_shortages_and_the_Marshall_Plan

 

  

 

Sun, 11/16/2014 - 14:41 | 5454600 livefreediefree
livefreediefree's picture

In accordance to which fact or reality is that truth derived?

The facts facts, and the reality reality.

Sorry. Yours was such a good straight line.

Please understand my response posts in context. imo, Jack Burton's POV is all too common. While he said, "Sorry. I agree with the problems and the evil of government", he immediately disagreed with himself when he said, "But the idea that more tax cuts for the wealthy is what the fix is". To double down on this disagreement, he fails to mention evil gov't in the rest of the post. Ergo, based upon what he affirmatively wrote, inequality is the problem, not evil gov't.

I responded to JB by detailing metrics (mostly counterintuitive ones) from the 1920 tax cuts, trying to make him aware that tax cuts (which he functionally denigrated) might actually be at least partially good.

Did it work? No, LTER attacked me by saying, "You ... completely miss Jack's point that the truly wealthy including the largest corporations do not actually pay taxes.

A specious generalization to which I responded with more metrics.

Finally, to JB's question, I posited my affirmative: Big gov't is the fucking problem.

Now, you. To your "You ought to know", I respond, "I do". I'm a conservative. Of course, I know. Being conservative requires more life experiences, knowledge, and wisdom than being a liberal.

I'll dismiss the anti-corporation tone of your article, and your defense of JB and LTER and, instead, concentrate on facts.

From the US News "Who’s Checking the Fact Checkers?" article:

Now comes a study from the George Mason University Center for Media and Public Affairs that demonstrates empirically that PolitiFact.org, one of the nation's leading "fact checkers," finds that Republicans are dishonest in their claims three times as often as Democrats. "PolitiFact.com has rated Republican claims as false three times as often as Democratic claims during President Obama's second term," the Center said in a release, "despite controversies over Obama administration statements on Benghazi, the IRS and the AP."

Ergo, if anything, Politifact is biased left.

Here is Politifact's "Does the U.S. have the highest corporate tax rate in the free world?" article:

The most recent estimate comes from the World Bank and International Finance Commision, which put the United States’ effective rate for 2014 at 27.9 percent. That’s second-highest behind New Zealand among OECD countries and 15th-highest among the 189 countries measured...

Politifact links to the Tax Foundation's U.S. Corporations Suffer High Effective Tax Rates by International Standards article:

Compared to the field of international business competition, it is incontrovertible that the U.S. imposes a highly burdensome effective tax rate on its corporate sector. The results of 13 unique studies of the effective tax rate on corporate investment across the globe are in remarkable accord. The resounding conclusion is that the average U.S. effective corporate tax rate, like the statutory rate, is nearly the highest in the world.

The Politifact conclusion:

Bolling (of Fox News) said the United States has "the highest corporate tax rate in the free world." He was referring to the statutory rate, meaning the rate before deductions. On that score, he’s right: The United States does have the highest statutory rate among developed countries. However, the United States’ corporate tax rate doesn’t appear to be the highest once deductions and other exclusions are taken into account. So Bolling is correct by one valid definition. Because his statement is accurate but needs clarification or additional information, we rate his claim Mostly True.

Corporations are fucking free enterprise. Fuck anybody who fucking hates fucking free enterprise.

Sun, 11/16/2014 - 17:44 | 5455070 Escrava Isaura
Escrava Isaura's picture

 

 

Thanks.

 

Sun, 11/16/2014 - 22:31 | 5455346 livefreediefree
livefreediefree's picture

NP.

 

afaic, anyone who discusses inequality as a central issue is: (1) An actual or closet Progressive; or (2) A useful idiot for Progressivism.

The central issue is big gov't.

In Silver Blaze, Sherlock Holmes solved its mystery because "The dog did nothing (ie, bark) in the night-time". When I see ZH posters not barking at big gov't, I solved the mystery of whether or not they are Progressives. Or useful idiots.

Sat, 11/15/2014 - 15:28 | 5452058 Clarabell
Clarabell's picture

Armstrong was finally let out of prison only when he agreed to become a pimp and a shill for the oligarchs and their corporate interests.

Sat, 11/15/2014 - 16:21 | 5452194 moneybots
moneybots's picture

"WTF is he talking about."

 

He is talking about the average German paying nearly 50% of their income in taxes.  Taxes don't stop at the rich, the government taxes more and more, those below rich.  It isn't just rich Germans who pay the VAT.  Armstrong has noted that Germans are more and more resorting to buying used goods, as there is no VAT involved.

When the government increased the U.S. payroll tax back to its previous level, people had less money to spend.

Obama raised taxes on the rich, but he raised them on average people, too.

 

 

Sat, 11/15/2014 - 18:34 | 5452525 TradingTroll
TradingTroll's picture

You morons need to do some reading of Armstrong's work.

Under FATCA, for example, people below the poverty line have to spend money filing more taxes. FATCA has ensnared millions of accidental US-born Canadians, for example when the hospital across the border was closer to the Canadian woman going into labor (many children, disabled, and poor) who now have to spend upwards to $1000/yr filing with the IRS.

 

Those are taxes on the poor.

He is saying that increasing taxes on the poor (when the top 0.1% owns 90% of the wealth and that number has never been higher) will decimate what is left of the economy.

 

Its a good argument. Noone here has grasped the case he has made. He is 100% right.

 

My friends daughter was born in the US. He is a disabled Canadian on fixed income. The Canadian government says his entire family of four (3 Canadians) must now file US taxes annually. Plus the kid's education account is considered an offshore trust. Total is $8000/yr. Last year he made $20,000.

 

The estimates of the annual cost of FATCA just in Canada is $200bn/yr.

 

And people have to sue their own government, see:

isaacbrocksociety.ca

 

Sat, 11/15/2014 - 20:37 | 5452852 spooz
spooz's picture

Right.  Its the poor who use foreign bank accounts, not elites hiding their loot offshore.  Tell me another.

To be generous, its a wedge issue.  To be cynical, its elitist propaganda.

Sat, 11/15/2014 - 18:25 | 5452505 TradingTroll
TradingTroll's picture

Jack Burton or Jack Shit?

 

Armstrong has very clearly made the case that its about the distribution of wealth. Its not the lower tax rates paid by the rich, its the fact that only the connected rich (paying lobbyists and donating to politicians) can secure thheir place up near the spigot where the cheap monet emerges.

 

The number crowding around the hind teat is growing very large

Sat, 11/15/2014 - 14:51 | 5451960 Jack Sheet
Jack Sheet's picture

Marty, cut out all the "perceptive" bullshit, just tell us what your Commodore C64 program with its dot matrix printer is predicting for the Dow next Thursday - err, i mean 2014.913 2/3? 

Sat, 11/15/2014 - 14:55 | 5451962 Cognitive Dissonance
Cognitive Dissonance's picture

One wonders if the terms of Armstrong's release included substantially changing his tune.

<Or was he abducted by aliens and his brain swapped out for that of a jackass?>

Sat, 11/15/2014 - 14:58 | 5451969 Dagny Taggart
Dagny Taggart's picture

"Look Marty, we'll put you back in the Matrix where you can eat all the juicy steak you want. It will be like this never happened. But we need you to do a few things..."

Sat, 11/15/2014 - 15:02 | 5451979 Jack Sheet
Jack Sheet's picture

"....I want to be someone important...like an a c t o r ......"

Sat, 11/15/2014 - 15:03 | 5451986 U4 eee aaa
U4 eee aaa's picture

...or a president, but we repeat ourselves

Sat, 11/15/2014 - 18:22 | 5452501 TradingTroll
TradingTroll's picture

If you spent half the amount of time it took Armstrong to write that piece, you could have provided links to his old research (before he left prison-on his website) and tried to make your case that he has changed his tune.

 

I have been reading him for several years. I dont see any tune has changed.

Sat, 11/15/2014 - 14:58 | 5451968 bid the soldier...
bid the soldiers shoot's picture

 

old saying

Stop the world.  I want to get off.

new saying

We Need To Restructure The World Now!

 

Sat, 11/15/2014 - 15:04 | 5451987 U4 eee aaa
U4 eee aaa's picture

I wonder if it will come with stock options this time?

Sat, 11/15/2014 - 15:02 | 5451977 silverer
silverer's picture

Not an easy thing to swallow, I'll admit.

Sat, 11/15/2014 - 15:03 | 5451978 silverer
silverer's picture

Well, this should wake up you Russian propeller plane doubters.  They did it cheaper and more effectively.  We just spend an extra billion or two on our stuff, silver plate it, and think we've got it made.  Maybe sometimes...but obviously not always.

Sat, 11/15/2014 - 15:10 | 5452006 seek
seek's picture

I'm here for the cat pics. Armstrong does nothing for me these days.

Sat, 11/15/2014 - 15:22 | 5452045 A Lunatic
A Lunatic's picture

MOAR cat pics Tylers.........!!

Sat, 11/15/2014 - 15:38 | 5452076 MsCreant
MsCreant's picture

Me too, the cat is adorable!

Sat, 11/15/2014 - 18:20 | 5452489 TradingTroll
TradingTroll's picture

and I'm here to downvote you. Your blather ads no value to the world these days.

Sun, 11/16/2014 - 08:00 | 5453857 Tall Tom
Tall Tom's picture

To whose world?

 

MOAR KITTIES. I like pussy.

Sat, 11/15/2014 - 15:11 | 5452010 jacship
jacship's picture

CLOSE THE BORDERS

YESTERDAY

Sat, 11/15/2014 - 15:13 | 5452022 Unstable Condition
Unstable Condition's picture

Corporations don't pay taxes, consumers of their products/services do.

End the FED & the 16th amendment, then we can talk about restructuring.

Sat, 11/15/2014 - 19:36 | 5452713 Unstable Condition
Unstable Condition's picture

I got a down vote for that?

Really, someone explain to me how anything changes with the fractional reserve ponzie scheme in place?

Especially considering our 'beloved govts' can tax income unabashedly for the 'good' of us American (and global CB) debt slaves.

Does someone out there actually think businesses/corps don't factor in taxes/regulations into their bottom line?

"restructuring" requires total collapse of our current system, no other way out.

Sat, 11/15/2014 - 15:25 | 5452049 Inthemix96
Inthemix96's picture

This wont end up the way anyone thinks it will, and I do believe you all know that so fuck Mr Armstrong.

Not everyone, and certaintly not the bulk of folk you know are finance types, including inthemix96.  Inthemix96 is a contract cleaner, a measly window cleaner infact, and people like me didnt know fuck all about the deep inner working of the finance and monetary systems as of 2006 up over, did we?  Well, we might might not know what some do, but we strang together what we needed, and then understood what had went down under succesive serviant governments at the behest of the governed, didnt we?

And we, as in us, know there is no way way out without default, and repudiation of debt, from fucking thin air I might add.

The fuckers doing 'Dogs Work' will pay this bill, me, and people like me wont.  This was not my problem, your problem or anyone you knows problem.  This belongs to those at the printing point, those that get first use of the tool that enslaves us all, the real problem.

Thats the right to fix this system, a return to sound money and fucking hang these fuckers who think you owe them something for nothing.

I dont think so fuckers.  The people now understand just how fucking devious you cunts are.  The men who live for nothing on the backs of those that produce.  No more you cunts, you have been found out, and the internet expounds that daily.

Tick tock mother fuckers.

;-)

Sat, 11/15/2014 - 15:42 | 5452086 VWAndy
VWAndy's picture

We seem to have the jist of it. That is the kind of focus needed. Well that and a big ass clue x 4. 

Sat, 11/15/2014 - 15:49 | 5452110 Inthemix96
Inthemix96's picture

Andy,

;-)

This wont carry on because it cant mate.  Thats the way it is.  Thats the way it always was.

 

Sat, 11/15/2014 - 16:01 | 5452141 VWAndy
VWAndy's picture

Yep and how many of your peers have come up to speed? I go in shops where they know daily.

Sat, 11/15/2014 - 15:30 | 5452060 Goldilocks
Goldilocks's picture

It's a Mad, Mad, Mad, Mad World
http://www.youtube.com/watch?v=J3tOZmhoFCk (6:14:52)

... this covers cute alot / a lot  :)
http://hyperboleandahalf.blogspot.com/2010/04/alot-is-better-than-you-at...

 

Sat, 11/15/2014 - 15:32 | 5452066 VWAndy
VWAndy's picture

True story.

 Back in the days when I was a pup. My first mentor/boss pitched in for both of us for fuel injection school. It didnt stick as well for him. A bit later we get one in the shop I take it, check it out, dead fuel pump. My boss who just took the same class says. But I dont have a fuel pump. Round and round we went. It turns out the dead fuel pump does not give a shit. It did not care about the new distributor or coil or fuel distributor either. The world is like that. It dont give a hoot what you would like. 

 The real truth of it all is right there. The governments lie about everything as much to themselves as us if not more. Thats presently and historicaly. The only question is weather we will let them continue. The ones we should be listening too are the ones asking for you to make up your own minds. 

 

 Jack Burton here nails it.

Sat, 11/15/2014 - 15:40 | 5452083 Notsobadwlad
Notsobadwlad's picture

No amount of fiat money provides security. No amount of fiat money can buy your fear away.

After a certain point, additional fiat money or the ability to create additional fiat money adds no value to the creators. It can only detract.

I am not a Martin Armstrong fan. He seems to just go with what benefits him the most.

But here goes Martin Armstrong: "Restructure How, Specifically?"

Sat, 11/15/2014 - 15:46 | 5452105 VWAndy
VWAndy's picture

There are about a dozen folks here that could answer that question better. At minimum.

 

 Any takers?

Sat, 11/15/2014 - 18:16 | 5452480 TradingTroll
TradingTroll's picture

The posters on ZH these days seem to not do any research before posting.

 

Martin Armstrong predicted:

 

-1987 stock market crash

-weakening of Euro

-debt crises in Euro states

-current weakness in gold

 

etc etc

 

Do people not understand that the MSM doesnt predict anything useful. Maybe Peter Schiff and a few others have made similar predictions to Armstrong but the vast majority are paid shills.

 

Not once person on here criticizing Armstrong has provided a link to what they think is a superior solution. Posters who do that are morons.

 

Sat, 11/15/2014 - 21:49 | 5453013 VWAndy
VWAndy's picture

Leverage lays is out pretty good. I gave it lots of thought over the years. Carefully thinking with a long term view. My solution is hold them all accountable. I know it sounds simplistic maybe even batshit crazy. But it could work better than control+print. It would be nice if I could link to say Krugmen or timmy or greenie. But alass you wont here it from them. http://www.youtube.com/watch?v=q1FyLsCa-58

 Is ol Marty suggesting panic? We tried that.

 Here is a plan. Hand over the codes to all nsa files to a civil grand jury and let them throw um in jail.

 

Sat, 11/15/2014 - 22:09 | 5453080 cornflakesdisease
cornflakesdisease's picture

 Martin is a NWO croney.  He has the same creditbility as Jeffrey Christain.  I corresponed with him when he was in prison and found him to be a jerk.  You want a link? Pick countless articles that show the finacial markets are rigged when it comes to trading, precious metals, commodities, and Martin will say, "Oh no, their is no manipulation, etc etc."  He got kicked out of the club, and now he plays the other sife of the isle trying to pitch his "news letter" to survive.

Do you see him on TV like before his prison stint?  No, because "the boys" have throw him in the dog house.  He was successful in the past because he had inside information.

Wave theory is crap.  Why?  Because we do not live in a closed system.  There is always more money being injected into the system to distort your math and lots of hocus pocus. That's the problem with quant box guys and their formulars; they are only as good as the information that goes in.  Computer algorithms will buy a stock, but don't have the wisdom to see that the numbers were cooked.

If Jeffrey Christain fell in discrace for whatever reason with Dollar, Inc, would you go out and listen to him and his advice, when he has spent years lying to you and enabling them to screw you?

 

Sat, 11/15/2014 - 15:45 | 5452097 buzzsaw99
buzzsaw99's picture

god he's a retard

Sat, 11/15/2014 - 15:50 | 5452117 RichardParker
RichardParker's picture

"These morons have been hunting taxes everywhere and as a result they have shut down global capital flows..."

"Hubris often indicates a loss of contact with reality and an overestimation of one's own competence, accomplishments or capabilities, especially when the person exhibiting it is in a position of power..."

http://en.wikipedia.org/wiki/Hubris

 

Sat, 11/15/2014 - 15:58 | 5452137 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Restructuring on a more suitable base is our only recourse. Armstrong is spot on, but we need the corrupt academics to fall in line and they won't fall in line until the whole thing goes south. Clusterfucked again, USA.

 

NOTE: The poorest in the population will soon have many empty houses to choose from at their leisure. New York City will burn to the ground as soon as SHTF. Get the marshmallows ready and don't forget to do the beer run

before curfew sets store closing time.

Sat, 11/15/2014 - 16:28 | 5452186 spooz
spooz's picture

I hate when all taxes are put in the same basket, similar to the demonization of regulation.  In the present state of the economy, multinational corporations are undermining our sovereignity with trade agreements, regulatory arbitrage and tax dodging while automation is threatening our jobs.  

Someone on another blog I read suggested that we can use taxes to create desired outcomes, like taxing corporations that outsource or use automation higher than companies that are national and provide jobs.  

The long experiment with low taxes has resulted in unprecedented inequality.  Its time to have an intelligent conversation about what a sustainable economy which provides living wages will look like in the future.

Sat, 11/15/2014 - 16:51 | 5452250 moneybots
moneybots's picture

"The long experiment with low taxes has resulted in unprecedented inequality.  Its time to have an intelligent conversation about what a sustainable economy which provides living wages will look like in the future."

 

The cycle always turns.  Once price inflation peaked in 1980, the phase of the cycle turned down.  Disinflation began, working its way toward the deflation phase of the cycle.

The top tax in France is 75%.  Unemployment just hit a new record.  An unprecidented inequality.  Something like a third of the young want to leave France.  With a top tax rate of 75%, shouldn't France be a paradise that everyone is clamoring to live in? How can they be having a triple dip recession, if the top rate is 75%?

 

Sat, 11/15/2014 - 17:40 | 5452378 spooz
spooz's picture

France is saddled with the failed EU experiment.  It has already given up its sovereignty.  

Sat, 11/15/2014 - 18:12 | 5452471 TradingTroll
TradingTroll's picture

What are you talking about? The late 1800s witnessed some of the most prosperous periods in the US, under zero income taxes.

 

Only lazy unambitious leeches gravitate to high tax jureisdictions.

Sat, 11/15/2014 - 19:16 | 5452635 spooz
spooz's picture

Ah, yes. The Gilded Age of robber barrons and growing inequality.  Such a wonderful time to be a corporate monopolist.

"By the late 1800s, the term was typically applied to businessmen who used what were considered to be exploitative practices to amass their wealth. These practices included exerting control over national resources, accruing high levels of government influence, paying extremely low wages, squashing competition by acquiring competitors in order to create monopolies and eventually raise prices, and schemes to sell stock at inflated prices to unsuspecting investors in a manner which would eventually destroy the company for which the stock was issued and impoverish investors. The term combines the sense of criminal ("robber") and illegitimate aristocracy (a baron is an illegitimate role in a republic)."

http://en.wikipedia.org/wiki/Robber_baron_(industrialist)

Sun, 11/16/2014 - 14:51 | 5454617 Ckierst1
Ckierst1's picture

Ah yes, the industrialist robber barons of the late 19th century!  A few observations.  First, it takes a government to perpetuate a monopoly and politically protect the monopolists.  Secondly, our government imposed by bayonet a system of corporate welfare after the War to Prevent Southern Independence, providing powerful subsidies for the politically connected to exploit, such as the land checkerboard for the Union Pacific and Central Pacific Railroads (and others), skewing the entire development of the west to benefit the wealthy Northern elite. This was done to pursue "internal improvements", the Holy Grail of the Federalists, cum Whigs/Republicans, "Dishonest" Abe Lincoln being an insider trader (see Lincoln Hill, Council Bluffs, Iowa), among other things.  Majority federal ownership ("management") of public lands of land grant states is a monument to the corrupt post war land velopment policy that enables elitist exploitation of valuable natural resources while leaving the "little guy" vulnerable to predatory government that is willing to jettison the covenant with the pioneer settlers of the great western migration (see Bundy Ranch, among others).

Why is the above relevant?  If you examine the list of those classed as Robber Barons it is evident that most are into transportation of goods and people, particularly railroaders, exploiters of natural resources, particularly minerals, and financialists (some of whom are Jeckyl Island participants (and all that that entails), unpunished "pump and dump" frauds and market manipulators).  This constitutes the accumulated rotten economic rubbish that is a consequence of the violation of the Constitution and destruction of the United States of the liberal and Enlightened Founders with its budding laissez faire free markets.

Sat, 11/15/2014 - 21:40 | 5452989 TruthHunter
TruthHunter's picture

spooz

Those who create enough good jobs might get a zero tax rate?

River boat gamblers pay top rates?  Sounds like a plan.  Too bad the RBG's bought

the law makers.

 

Sat, 11/15/2014 - 21:40 | 5452991 RichardParker
RichardParker's picture

"intelligent conversation" is the typical progressive meme for "either you're with me or against me".

Sat, 11/15/2014 - 16:35 | 5452212 kchrisc
kchrisc's picture

The only restructuring needed is that the pond scum of thieving banksters and their ponzi-empire puppets needs to be skimmed off the top, with guillotines, of the industrious,  and benevolent people beneath.

An American, not US subject.

 

"Don't tread on me!' And get the fuck off of me!."

Sat, 11/15/2014 - 17:06 | 5452286 knukles
knukles's picture

Who is Martin Armstrong?

Sat, 11/15/2014 - 18:09 | 5452462 TradingTroll
TradingTroll's picture

Who is knuckles?

Sat, 11/15/2014 - 23:38 | 5453315 Hulk
Hulk's picture

He's some dude in the psych ward, with one of those jackets that the arms tie in the back, who types with his nose !!!

Sun, 11/16/2014 - 12:21 | 5454248 MsCreant
MsCreant's picture

Actually he is a "hunt and pecker" typist. He has to wear one of those Hannibal Lector Masks so his nose can't reach.

Sun, 11/16/2014 - 12:22 | 5454249 MsCreant
MsCreant's picture

double peck

Sat, 11/15/2014 - 18:16 | 5452482 Meatballs
Meatballs's picture

Just watched 30 minutes of him in an interview. Kind of a douche IMO.

Sat, 11/15/2014 - 19:26 | 5452689 MsCreant
MsCreant's picture

Trading Troll?

Sat, 11/15/2014 - 23:46 | 5453334 nope-1004
nope-1004's picture

Marty

Sun, 11/16/2014 - 12:24 | 5454255 MsCreant
MsCreant's picture

Or his prison bunk buddy, but yeah, probably.

Do NOT follow this link or you will be banned from the site!