[size=32]Advice for Trump[/size]
QUESTION: Mr. Armstrong; Why do you not advise Trump as Rubio and the Media demand details from him but not from anyone else as to their economic plan?
CB
ANSWER: I do not advise Trump. If he really wants to make an impact, he should watch the “Solution” DVD. If he demonstrated that we need major reform because we are going broke under the management of career politicians, then he might attract more people who are on the fence. Let’s be realistic. Those supporting Trump distrust government politicians. They really do not care about his message. I would prefer Trump, not for any policy, opposed to any career politician who would bring the same line of thinking to the table. A career politician will not think out of the box and will blast us with more regulation and taxes that will kill the economy. They will continue to hunt money until nothing is left for us but total enslavement, and that does not matter if we are talking about Rubio or Hillary.
Obama stuffed Christine Lagarde in the IMF and that has been far more devastating than any appointment to the Supreme Court. She has destroyed the global economy by threatening countries to hand over their info on everyone (except exempt politicians like her, of course) so they can hunt money absolutely everywhere. They do not look at the net result and only look at the world through their own greedy eyes. I would hope Trump would look at this as a businessman and say, “You people are nuts.”
The standard of living for families is declining — not because the “rich” are making more from investment — because the government continues to raise taxes and rob our savings that they pretend are there for retirement. In reality, they keep lowering benefits because they stole all the money. Anyone in the private sector who did this would be in jail. We are prosecuted for fraud in the private sector, but fraud in public sector is rewarded and called “politics.”
Advice for Trump
Taxes:
- Eliminate all taxes whatsoever if you are not present to use such services. Eliminating taxes would allow for greater savings, and citizens would be required to save a portion of their income. Instead of QE for bankers, eliminate taxes and try QE for the people.
- We will not raise the minimum wage. Instead, we will eliminate payroll taxes and stop borrowing from the poor as it robs them of interest. Currently, they receive a refund check so they think politicians are fantastic.
- No person should have to pay more than 15% of their salary to state and local government. If a government needs more, then something is wrong and they need to reform.
- Eliminate property taxes. You should be able to retire without having to cope with rising property taxes.
- Eliminate Social Security for those under 50 and pay out those over 50. Replace Social Security with mandatory 401K investment plans.
- Eliminate domestic corporate taxation. This will provide the incentive to bring jobs home.
Government spending and policy:
- Stop government borrowing. Limit the creation of new money to 5% of GDP (I do not want to hear that will be inflationary since QE failed to produce inflation, which is all about confidence and not the quantity of money). At times, up to 70% of the national debt has been accumulated interest.
- All government pensions must be eliminated. Part of the QE process should be the bailout of pension systems for government workers and end the process.
- Retire the national debt; stop borrowing federally and competing with the private sector for capital.
- Return the central bank to the original design of 1913. Eliminating government debt will do the job. During economic declines, the Fed should buy corporate short-term paper with its “elastic money,” which will compensate for banks when they stop lending. Short-term corporate paper would actually be paid off and that would then contract the money supply back to its original state prior to the crisis.
- Merge SEC & CFTC so advisers can provide advice on the best investments rather than just what they have a license for in equities vs. futures.
Judicial reform:
- Judicial reform is mandatory. I would retire ALL federal judges and nominate replacements by their legal profession. Penalties for bribes and such would be life imprisonment or death — the person the judge illegally sentenced would choose.
- Expand the Supreme Court and make it an ABSOLUTE right to be heard rather than winning a lottery. Moreover, a panel of judges nominated by the legal community shall determine the constitutionality of ALL legislation BEFORE it is enacted. It should never be the burden of the citizen to PROVE the government is acting unconstitutionally. The Constitution is NEGATIVE and was intended to be a “restraint” upon government. ALL LIVES matter — do this and they will.
- Reform the Grand Jury process. Both sides should be allowed to present ALL evidence to the Grand Jury and they alone will decide to indict. State prosecutors who protect police should be in prison.
- Restitute the Roman position of Tribune of the people. The Tribune would be citizens who prosecute government employees from police up to judges and politicians. Then, and only then, will the system clean out.
Education reform:
- Forgive all student loans and end subsidization for college. Without competition, the education is worthless anyhow.
- Restore the Roman system of apprenticeship. In Switzerland, less than 10% of students go to college. They enter an apprenticeship in the field they desire. Learning in the real world is far better than theory.
Healthcare reform:
- Reform lawsuits that cap jury awards to reduce medical costs
- Introduce artificial intelligence systems that can provide reliable diagnoses. Hospitals are turning into big corporate businesses that reduce family doctors.
- Eliminate medical expenses as a liability so they cannot take someone’s home or put them into bankruptcy (opposite of what Clintons did to students). This will cause healthcare to have a normal business cycle. The current healthcare system is an extortion that is like government consuming a larger proportion of disposable income. Return hospitals to their Hippocratic Oath and FIRST take care of anyone irrespective of money (i.e. end Obamacare).
Miscellaneous:
- Eliminate TSA at airports. You would be cleared as to whom you are, and there would be no need for x-rays or strip searches if you are known to be a normal citizen. Foreign visitors should go through TSA if they do not have prior clearance.
This is the start of my short list of policies that I would advise Trump to adopt. Then he just might beat everyone in history with the percentage of the popular vote exceeding 65%.
https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/advice-for-trump/
Yesterday at 5:28 pm by Rocky
» utube MM&C 4/16/24 IQD Update - Iraq Dinar - America - Activate - Massive Economic Deals -
Yesterday at 5:24 pm by Rocky
» Al-Sudani urges the US corporation Honeywell to help finish the Basra refinery
Yesterday at 2:48 pm by Rocky
» Al-Sudani Meets with Representatives of Western Media Outlets in Washington
Yesterday at 2:46 pm by Rocky
» Chairman of the Investment Authority signs the United Nations Convention on International Mediation
Yesterday at 2:44 pm by Rocky
» PM: We will sign a contract to establish the Al-Faw refinery with a Chinese company
Yesterday at 2:42 pm by Rocky
» PM arrives in Houston as part of his visit to USA
Yesterday at 2:41 pm by Rocky
» Militia Man & Crew 4/18/24 Bush signed it and all presidents implemented it. Iraq’s funds have been
Yesterday at 1:46 pm by Rocky
» Association of Iraqi Private Banks: The suspension of some electronic payment services yesterday was
Yesterday at 7:14 am by Rocky
» Iraq is close to launching the electronic signature
Yesterday at 7:12 am by Rocky
» The Basra government discusses with an international oil company the implementation of social benefi
Yesterday at 7:11 am by Rocky
» The Prime Minister confirms to an American company: Gas projects in Iraq are a priority for the gove
Yesterday at 7:10 am by Rocky
» The Minister of Planning discusses with the World Bank mechanisms for scheduling external loans
Yesterday at 7:09 am by Rocky
» Oil sets the twenty-seventh of this month as the date for opening contracts for the fifth complement
Yesterday at 7:08 am by Rocky
» “Electronic begging”...professionalism and fabrication of stories” generates millions of dinars dail
Yesterday at 7:05 am by Rocky
» Al-Sudani calls on the American company Hanwell to contribute to the completion of the Basra refiner
Yesterday at 7:03 am by Rocky
» An American company expresses its willingness to establish LED lighting production lines in Iraq
Yesterday at 7:02 am by Rocky
» Including Iraq.. Iran announces the possibility of exporting 300 megawatts of “renewable electricity
Yesterday at 7:01 am by Rocky
» Political forces present two options to find an alternative to Al-Halbousi
Yesterday at 6:58 am by Rocky
» Parliament is awaiting the arrival of the budget schedules and the government is studying higher spe
Yesterday at 6:56 am by Rocky
» The International Monetary Fund adjusts its expectations for the development of the world’s economie
Yesterday at 6:54 am by Rocky
» A representative talks about the difficulty of finalizing the file of “electing the Speaker of Parli
Yesterday at 6:50 am by Rocky
» Work on preparing a law for diplomatic passports
Yesterday at 6:49 am by Rocky
» A female representative accuses the Ministry of Immigration of corruption
Yesterday at 6:47 am by Rocky
» Minister: Solving the Kurdistan salaries problem is the beginning of addressing other disputes betwe
Yesterday at 6:45 am by Rocky
» About 270 million dollars were sold by the Central Bank of Iraq in the currency auction
Yesterday at 6:42 am by Rocky
» The volume of trade exchange between Jordan and Iraq will exceed 800 million dinars in 2023
Yesterday at 6:41 am by Rocky
» Iraq signs memorandums of understanding with American companies in the fields of electricity, oil an
Yesterday at 5:31 am by Rocky
» The American company that manufactures the F16 expresses its readiness to implement the terms of con
Yesterday at 5:30 am by Rocky
» The volume of expected Qatari investments for the Iraq Fund for Development exceeds $3.5 billion
Yesterday at 5:29 am by Rocky
» Decrease in dollar prices in Baghdad and Erbil
Yesterday at 5:27 am by Rocky
» The President of the Region brings together the Kurdish parties to resolve the election file
Yesterday at 5:26 am by Rocky
» Al-Sudani receives in Washington the Chairman of JPMorgan
Yesterday at 5:25 am by Rocky
» Transport is starting to transform its ports into smart ones
Yesterday at 5:23 am by Rocky
» Sudanese reveals the volume of exchange with America
Yesterday at 5:22 am by Rocky
» "Al-Eqtisad News" publishes the memorandums of understanding signed between the Iraqi delegation and
Yesterday at 5:21 am by Rocky
» Al-Sudani urges an American company to contribute to establishing a chemical materials factory
Yesterday at 5:20 am by Rocky
» Iraq stresses the importance of Lockheed Martin's commitment to opening military aircraft maintenanc
Yesterday at 5:19 am by Rocky
» Iraq is on the verge of a “water disaster” by 2035
Yesterday at 5:18 am by Rocky
» Great satisfaction and optimism with the results of Sudanese’s visit to Washington
Yesterday at 5:16 am by Rocky
» Transport is beginning to adopt a plan to transform its ports into smart ones
Yesterday at 5:15 am by Rocky
» Completed 8,000 loan transactions at the Housing Bank
Yesterday at 5:14 am by Rocky
» Prime Minister: We plan to invest production capacities for export
Yesterday at 5:12 am by Rocky
» Transformation and partnership...a new horizon in Iraqi-American relations
Yesterday at 5:10 am by Rocky
» What is new in the economic dimension of the Washington visit?
Yesterday at 5:09 am by Rocky
» Two letters to the future
Yesterday at 5:08 am by Rocky
» National interests first
Yesterday at 5:06 am by Rocky
» Iraqi-American rapprochement...a national necessity
Yesterday at 5:05 am by Rocky
» Al-Sudani’s visit to Washington and the course of Iraqi-American relations
Yesterday at 5:04 am by Rocky
» Sudanese carries security, economic and development files to Washington
Yesterday at 5:03 am by Rocky
» Armament and military development... features of a sustainable partnership
Yesterday at 5:02 am by Rocky
» Analysts: Sudanese's visit to Washington will achieve excellent results in the future
Yesterday at 5:01 am by Rocky
» Iraqi-American relations...the legacy of the past and the aspirations of partnership
Yesterday at 5:00 am by Rocky
» Sudanese and external necessities
Yesterday at 4:59 am by Rocky
» The Strategic Framework Agreement... 7 important provisions
Yesterday at 4:58 am by Rocky
» Joint statement of the Iraqi-American discussions
Yesterday at 4:56 am by Rocky
» Supreme Coordinating Committee: Iraq's role is vital to the security and prosperity of the region
Yesterday at 4:55 am by Rocky
» Towards an effective bilateral economic relationship between Baghdad and Washington
Yesterday at 4:53 am by Rocky
» She saw it as a new, different chapter in Iraqi-American relations... Al-Sudani’s visit to Washingto
Yesterday at 4:52 am by Rocky
» Al-Sudani’s visit to Washington.. Implications and results
Yesterday at 4:51 am by Rocky
» Advisor to the Prime Minister: The relationship with America has moved to the stage of cooperation
Yesterday at 4:50 am by Rocky
» Sudanese sponsors the signing ceremony of memorandums of understanding in America
Yesterday at 4:47 am by Rocky
» Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion doll
Yesterday at 4:46 am by Rocky
» During Erdogan's visit on Monday, Iraq seeks to sign the "Water Protocol" with Türkiye
Yesterday at 4:45 am by Rocky
» With the escalation of tension between Tehran and Tel Aviv...an expert reveals the secrets of Sudane
Yesterday at 4:43 am by Rocky
» There are 150 draft laws on the parliament table waiting to be voted on... and the debates require c
Yesterday at 4:42 am by Rocky
» Al-Sudani stresses the necessity of continuing the dialogue with the US Treasury, the Federal Reserv
Yesterday at 4:41 am by Rocky
» Deputy: We reject the term sanctions, and Iraq is financially independent
Yesterday at 4:38 am by Rocky
» Warnings of a “political impasse” after Barzani’s boycott of the elections... Al-Sadr raises questio
Yesterday at 4:37 am by Rocky
» The head of the Kurdistan Regional Government’s representative office in Baghdad visits the external
Yesterday at 4:36 am by Rocky
» Al-Sudani: There are no combat forces in Iraq to withdraw.. The Iraqi Prime Minister confirmed in Wa
Yesterday at 4:34 am by Rocky
» Do the Iraqi political blocs really intend to hold the second early elections?
Yesterday at 4:33 am by Rocky
» Baghdad is not aware of the factions’ participation in the attack on Israel, and Washington is revie
Yesterday at 4:32 am by Rocky
» Progress: Al-Halbousi may return to the presidency of Parliament
Yesterday at 4:30 am by Rocky
» Al-Sudani: Iraq has distinguished relations with Iran and America
Yesterday at 4:30 am by Rocky
» Minister of Industry: Iraq is not a rich country and the electricity problem will not be solved even
Yesterday at 4:29 am by Rocky
» A prospective law to employ prisoners and detainees... job and retirement opportunities similar to E
Yesterday at 4:27 am by Rocky
» Sako in Baghdad.. Three possible scenarios for his return after the “withdrawal of the decree” crisi
Yesterday at 4:26 am by Rocky
» Parliamentary Integrity reveals a move with the judiciary to recover TBI Bank’s funds
Yesterday at 4:24 am by Rocky
» Iraq signs 18 memorandums of understanding with Washington
Yesterday at 4:22 am by Rocky
» An Iraqi judicial delegation arrives in Syria to discuss terrorism files and document ISIS crimes
Yesterday at 4:21 am by Rocky
» A plan to exploit new lands...the latest developments in the wheat, barley and rice season in Iraq
Yesterday at 4:19 am by Rocky
» Al-Abadi accuses oil companies of causing 70% of the cancer rate in Basra
Yesterday at 4:17 am by Rocky
» Justice announces the formation of a higher committee to resolve the state’s real estate file
Yesterday at 4:16 am by Rocky
» Deputy: Iraq seeks to sign the “Water Protocol” with Türkiye
Yesterday at 4:15 am by Rocky
» Al-Sudani stresses the importance of the American company Lockheed’s commitment to opening military
Yesterday at 4:13 am by Rocky
» The team accompanying Sudanese in Washington: America will hand over to Iraq the antiquities that we
Yesterday at 4:12 am by Rocky
» Al-Sudani sponsors the signing ceremony of memorandums of understanding with American companies
Wed 17 Apr 2024, 3:38 pm by Rocky
» MM&C 4/17/24 Saleh: The budget tables are almost complete and will take into account urgent circu
Wed 17 Apr 2024, 3:36 pm by Rocky
» Saleh: Private banks in Iraq are considering reorganizing themselves with another government structu
Wed 17 Apr 2024, 3:33 pm by Rocky
» Al-Sudani: It is not possible to work in any development sector without reforming the banking sector
Wed 17 Apr 2024, 3:32 pm by Rocky
» Minister of Oil: Kurdistan’s exports will soon resume, and the region must hand over its oil to SOMO
Wed 17 Apr 2024, 3:30 pm by Rocky
» An economic expert identifies ways for Iraq to get out of oil rents... starting with $350 million
Wed 17 Apr 2024, 3:29 pm by Rocky
» Parliamentary Oil: A proposal to establish Iraqi refineries in neighboring countries... and these ar
Wed 17 Apr 2024, 3:28 pm by Rocky
» Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy
Wed 17 Apr 2024, 3:27 pm by Rocky
» MM&C 4/17/24 Al-Sudani receives in Washington the Chairman of JPMorgan
Wed 17 Apr 2024, 2:41 pm by Rocky
» MM&C 4/17/24 US Supports Iraq in joining WTO
Wed 17 Apr 2024, 2:36 pm by Rocky
» US Supports Iraq in joining WTO
Wed 17 Apr 2024, 10:17 am by Rocky
» utube 4/14/24 MM&C Iraqi Dinar - Iraq Prime Minister in Washington - Coming to
Wed 17 Apr 2024, 8:58 am by Rocky