Posted on 11/03/2024 6:49:24 PM PST by delta7
Legendary financial and geopolitical cycle analyst Martin Armstrong is back with some important predictions in his last appearance before the 2024 Election. First, Armstrong’s Socrates computer is still predicting a Trump landslide. Socrates actually factors in cheating to make this “Trump Wins” call. Armstrong says, “In the 2020 Election, it came out the computer said it was 50/50. It did not show a huge landslide one way or another. They rigged it, but it was in Congress is where they did it. . . . There were seven states that were going to be challenged. . . . On January 6 (during the so-called insurrection at the capitol), the FBI has testified they could not even tell how many people they had there. . . . as soon as this happens, Pelosi calls emergency rules. When she did the emergency rules, she shut down any challenge to the seven states. . . . That’s how the 2020 Election was really rigged. . . . in 2024, the gap is too big this time. In 2020, the computer said it was tight. This one, I don’t think they can cheat that much to actually overthrow it.”
If Trump does win, one of the huge changes going to be pushed is the elimination of federal income taxes. Let that sink in. When you hear Donald Trump say he is contemplating doing away with federal taxes, it is not some campaign promise that he intends to break. Armstrong says this is more than doable. When Trump says he can fix the economy, Armstrong contends eliminating federal income tax is a turbocharger for the American economy. Armstrong explains, “If you eliminate the income tax, what will happen is all these other companies that are in different countries are going to want to come here. It’s going to be the biggest economic boom in absolute history.”
Is this why Trump keeps saying he can “fix the economy”? Armstrong says, “Oh yes. The U.S. will make more money than you can ever imagine. When I testified in front of Congress, I said at least lower the tax rate to 15% on corporates. . . . 15% is what Hong Kong was charging, and that was the only reason people were there. . . . We do not need the income tax anymore because we create money anyway. We don’t need to get some money back like gold coins from the public so we can pay our bills. This is an old theory. So, income tax is something we do not need, and we certainly do not need to borrow anymore. Our national debt is exploding because of interest expenditures. . . . You eliminate the income tax, and you are going to have the biggest economic boom in absolute history. You will create so many jobs. You won’t have to worry about the debt. . . . We would get rid of the debt, and the equity would be private companies. If you wanted to create your own studio, there would be capital available to do that.”
Armstrong also talks about gold, who is really running the country and extreme civil unrest coming to America after the 2024 Election.
There is much more in the 54-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Martin Armstrong as he gives his analysis on Trump Winning and creating a boom economy by eliminating the federal income tax for 11.2.24.
Armstrong’s testimony to Congress in 1996.
This was the Tax Reform Proposal for Congress in 1996. It set the stage for the abolishment of the Income Tax, the introduction of the Consumption Tax, and the restoration of the tax system prior to Marxism. The proposal in its entirety is provided here in PDF format, Parts 1 to 6.
Enjoyed the article.
Don’t usually look at comments and if these are indicative, in general, of comments, glad I don’t. Absolute crazies out there. Glad to come back to the relative sanity of Freepers.
Is that the elimination of federal income tax on future income only, or will it also include the tax-deferred income from past years that has accumulated in 401k’s, etc.?
How large is the industry that has been created to prepare, file and contest income taxes? All those people may have to find something constructive to do for a living.
They can learn to code.
Good, CONSTRUCTIVE is the key word. NO more need for so much tax driven chicanery.
Taxes have been used as a weapon since Sumer because once everyone is taxed the god-king-warlord gives tax breaks to his best buds and political corruption is born. Old as the proverbial hills.
📌
If Trump’s new people are on the ball, they’ll dedicate some resources that have been negatively used up to now in the government to coming up with job training in the industries that will rise as jobs in tax reporting fall.
But... but... but...
Whatever will the poor administrative state do without other people’s money?
Getting rid of useless government bureaucracies would help, too.
Good post.
The true origin of taxation is probably criminal gangs demanding protection money.
Eliminate the DoE, DHS, TSA, FIB, CDC, etc.
I can’t see Trump losing, I’ve been voting since the Reagan/Carter election and I’ve never in my life seen a worse candidate than Kamala Harris, ever. If she does win, it absolutely has to be because of massive election fraud, and I mean MASSIVE.
Nor can I. I believe that Trump will win decisively, enough to cancel out any fraud.
Zero reason to read any further.
I’ve never in my life seen a worse candidate than Kamala Harris
I said the same thing about JB 😣
You guys should know better than this.
Social Security outlay is $1.3T/yr
Medicare is 0.83T/yr
Medicaid . . . . before you flip out, Medicaid is how the poor elderly fund their Medicare Part B premium, and their Part D premium. And their Nursing Home expense ($110K/yr) when the time comes. It doesn’t just fund single mother and their children’s healthcare. But regardless . . . about 0.6T/yr.
Think you can cut any of that $2.7T? Not a chance. In fact, it rises, with inflation and with population. You won’t cut. You’ll increase.
Defense, $0.8T, most of which is salaries.
So there we are at $3.5T expenditures that can’t get cut.
Now then, at 3.2% on about $33T (that’s $36 minus the $3 the Fed holds) is $1.06T. So add that on and = $4.6T.
Then we have discretionary. The FAA. The VA. The FDA, and before you start screaming vax this and that, it is the FDA that monitors the food supply. Transportation (highways, rivers, offshore coordination).
Total is $6.2T. What are you going to cut, and give precise numbers, not hand waving.
Income taxes were $2.6T. Soc Sec Payroll tax $1.4T.
Erase income taxes? The deficit IMMEDIATELY goes to about $4.6T. No, there is no magic growth that happens ON DAY 1 from the tax cut. That would take considerable time, during which those outflows are happening EVERY DAY.
Even if the magic of zero taxes were real, it won’t be on day 1. But the expenditures remain there are day 1.
What’s the answer? There is no answer. Buy farmland. Doom cometh because math is absolute.
Now . . . never ever ever forget we’re talking about money, a substance created by whim from the Fed out of nothingness. They could do so again, and then declare all undesirable numbers are zero, even if they are not.
It’s created from nothingness. No laws of nature have to apply to nothingness.
Good post.
Oh I think we’ll still need the FBI, to track down criminals and stuff. But the MUCH smaller staff will be working out of its new headquarters, in Manhattan....KANSAS.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.