France’s Richest to Flee 75% Tax Hike
France’s socialist president, Francois Hollande, is vowing to impose a 75 percent tax on the portion of anyone’s income above a million euros a year. Many of the roughly 30,000 high end wage earners are pondering to move themselves and their wealth to Belgium, or see their standard of living diminished.
QE3 has Arrived
No formal announcement of QE3; however, this video details the backdoor method that the Fed has started to monetize the debt. The Federal Reserve will not monetize the debt. Right!
Europe Is Not a Matter of Opinion… It’s a Matter of Math
Many continue to believe that the FED and the ECB can solve the EU crisis; however, that is about as likely as Michael Moore winning the Miss Universe pageant. Everyone now knows that many EU banks are in serious trouble and the idea that 1 out of 3 euros to prop up the EFSF fund coming from two bankrupt nations, Spain and Italy, is ridiculous. Moreover, Germany’s backstop of over 1 trillion euros to the EU, via its central bank, places Germany’s official debt to GDP well over 100%.
Indians Smarter Than Their Government
The Indian government is trying to make suckers out of their citizens by getting them to invest in anything but gold. With that said, many Indians are not falling for it as they increased purchases of gold by 35% in the first two months of 2012.
14 Questions People Ask About How To Prepare For The Collapse Of The Economy
Here are a few questions and check the link for the associated answers…
1. How do I get started?
2. What Should I Do With My Money?
3. Should I Invest In Precious Metals?
4. Should I Get Out Of Debt?
5. What If I Don’t Have Any Money To Prepare?
Taking Social Security Checks to Pay Student Loans
The once untouchable Social Security checks are now being garnished to pay for student loans that are not paid off. You can walk away from your house or car, but you cannot walk away from your student loans. To make things worse, many of these retirees are not in hock for their own educations; instead, it is for their children. This makes student loans the most horrible method of being in debt.
State-Sponsored Attackers May Compromise Your Account or Computer
Google is warning everyone that their accounts are being hacked or monitored by a third-party such as a state intelligence agency. It may also explain that heavy breathing I hear on the phone as well. Seriously, now I wonder which state intelligence agency would be doing something like that… Homeland Insecurity, or any other of the alphabet agencies perhaps?
54.5 MPG and The Law of Unintended Consequences
According to the National Highway traffic safety Administration, 6-11 million low-income drivers will not be able to afford cars between 2016 and 2025 as the prices of cars go up to meet the new mileage standards. These drivers will be forced into the used car market; however, thanks to the “Cash for Clunkers” program, there are less used cars; thus, their prices are skyrocketing as well. The compounded financial impact is a “regressive” tax and a war on the poor.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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