Monday, March 19, 2012

Reviewing my notes I think I can add a couple more things that will shape

what we might expect to see, a couple from Jim Sinclair as well.

The national sales tax advocated by MA would exempt your basic elements such as Food, Clothing, Shelter and as much as possible, items that would make this a regressive item.

Another item MA previously advocated was a Flat Tax on Corp Profits.  I dont know if this is still on the table in  his mind.

Now, outside of the current resolution of the Debt Crises but yet part of the solution, is to issue no more debt, but to finance by issuing currency instead, again an MA Item.

Now as to what Jim Sinclair had to say,  he expect there to be brought into creation a Virtual World-Wide Reserve Currency, pegged to gold by a valuation mechanism he called something like an Internationally Stablilized Currency Pricing, wherein a Gold Index number was produced on a daily continuing basis by an independent entity.   This way, every country could move it's local currency in and out of the world currency at will based on the valuation.  We shall see if this comes to pass.  It is in his posts on JS MINESET.

A brief look at MA's article published today

Martin Armstrong is an avid ancient history buff and has over time, related current era phenom's back to ancient times, making the current day alchemists a bit uncomfortable.

In the latest PDF published today at http://www.martinarmstrong.org/economic_projections.htm, if you'd care to read it  yourself. It is excellently full of history, sculpture and some good coin pictures as well.

Here are the main four points I got from it, some of which he has previously stated public as well.

These points are what he thinks relates from Caesars Roman Debt Crises Era that would apply here, now:

1/  Reduce by approximately 1/3 to 1/4 Mortgage Debt to distressed homeowners, so as to balance and share the distress without crushing either debtor or lender.

2/  Re-institute the Usery Cap on interest rates limiting it to 9%.

3/ Restrict Banks to Banking only by bringing back a tough GLASS-STEAGAL law (FED & STATE)

4/ Move from Direct Taxation to Indirect Taxation via a National Sales Tax and Abolish IRS in the process.

Pretty Simple, sounds most like RP2012 stuff to me.......

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