The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label imports. Show all posts
Showing posts with label imports. Show all posts

Tuesday, September 20, 2016

India's newest attack on gold involves raising taxes on precious metals

Two years ago, the Indian government implemented a tariff on gold importation in an attempt to slow down the massive buying of the precious metal by their people and institutions.  And the blowback from this was a large increase in smuggling since the buying of gold is a deep cultural practice for the Indian people going back thousands of years.

Then the government decided to create a scheme in which individuals and even religious orders should 'lend' their gold to the banking system in exchange for a modicum return of interest.  But the result of this has been negligible as nary a ton of gold has been offered to the banks in exchange for yield.

Now on Sept. 16, the Indian government is proposing a new tax increase on gold and other precious metals in what they call a way to keep from having raise the tax rate on other discretionary and necessary consumer goods.

The Indian government plans a proposal that includes a major increase in the tax on gold and other precious metals so as to give the GST (Goods and Services Tax) Council leeway to keep the proposed nationwide tax below 20%, reports The Hindu as quoted by Gem Konnect. 
The proposal is based on the recommendations of last year’s panel headed by Chief Economic Advisor Arvind Subramanian. The panel had suggested taxing gold and other precious metals at rates ranging between 2%-6%. 
Precious metals are currently taxed at between 1%-1.6%. Meanwhile, about 70% of goods and services get taxed at an average rate of 27% by state governments. To protect their revenues, states have sought that the proposed standard GST rate be fixed at 20%. - Israeli Diamond Industry

Thursday, February 18, 2016

Canadians are losing confidence in all sectors of their financial system

Consumer spending and affordability of products and services are just one component of a domestic economic system that alone it is not enough to bring a complete lack of confidence to a nation’s financial system.  But when you add in a growing decline in confidence for that nation’s currency, retirement programs, and investing structures, you have the ingredients for a rebellion that leads to collapse.
Hyperinflation has almost always been incorrectly defined as an out of balance expansion of a money supply, but the reality is, hyperinflation is a lack of confidence event, and it arises when consumers or producers are unwilling to accept assets denominated in the rejected currency at any price to purchase goods or services.
And it appears that this lack of confidence event may be occurring right now in Canada.

Read more on this article here...

Friday, January 15, 2016

Should we get ready for a Canadian Spring?

Back in 2011, what would become known as the Arab Spring emerged in Middle Eastern countries like Tunisia, Egypt, and Yemen over the inability of the people to have access to affordable food that was primarily imported into their nations through world markets.  At the heart of the problem was the artificial strength of the U.S. dollar, and the need to buy these dollars to purchase foodstuff commodities.
But since the Arab Spring was a phenomenon was back then tied to 2nd world nations where wages and net worth were relatively poor, the question to ask now is, could this same type of uprising take place in a 1st world nation as well?

Read more on this article here...

Thursday, October 8, 2015

U.S. trade deficit validates the Fed can’t and won’t raise rates

Has anyone noticed that only Wall Street talking heads and those trying to sucker you into the stock market are still using the world recovery after the Fed chose not to raise rates in September?  That is because an economy that has been artificially driven by tens of trillions of dollars in printed money since 2008 has never built a true foundation for recovery out of the Great Recession seven years later.  And following the atrocious jobs report that came out last Friday, new data on the increasing trade deficit has put America into a bind where they are far from being prepared when the next crash occurs.
America’s exports for August came in at the worst in over three years, and validate slowdowns which should show themselves very soon in Q3 corporate earnings.

Read more on this article here...

Sunday, June 21, 2015

Continued sanctions against Russia estimated to cost the EU over $100 billion in export revenues

There is an old saying that outrage and activism only last until it begins to effect one’s bottom line.  And with the European Union agreeing to extend U.S. led economic sanctions against Russia and the Crimea until January of next year, the question exists on how long Europe can sustain this political stance, especially as their businesses are expected to lose over $100 billion in export revenues because of counter sanctions imposed by President Vladimir Putin.
 
In a report on June 19 by the Austrian Institute of Economic Research, lost revenues to EU businesses from past and future sanctions are expected to cascade to over $100 billion, and in the long term may create a future where Russia replaces these exports permanently with food, resources, products, and commodities from elsewhere.
 

 
Read more on this article here...