Friday, June 16, 2017

Merkel Wants G20 Global Taxation of Internet -- Tax Evasion Blockchain Fear, Censorship of Free Speech | Armstrong Economics


(Stillness in the Storm Editor) Martin Armstrong is arguably one of the most influential and successful economists in contemporary times. I was recently turned on to Armstrong's blog by a colleague.

In the past, Armstrong developed an incredibly effective forecasting model that allowed him to essentially predict stock market trends with great precision. He was noticed by the US Government, who offered to buy the technology. Armstrong refused, and has since that time provided financial advice to the public via his firm, which is one of the few ethically successful institutions of its kind—so I have been told. In order to forecast properly, an eclectic and diverse view of the world was needed. In cultivating that view, insight into the underbelly of our world can be gained, which we can benefit from by digesting his reports, should we feel called to do so. As such, consider the following update about Angela Merkel's push to limit economic freedom and censor free speech.
- Justin


Source - Armstrong Economics

by Martin Armstrong, June 15th, 2017

Merkel is calling upon the G20 to regulate the internet. While she is pretending to be concerned about cyberattacks, which no regulator can prevent, you have to look into the finer details. Chancellor Angela Merkel called for a global regulation saying: “Industry 4.0 will have to go through the process that we have already gone through at the World Trade Organization (WTO) with real trading operations that we have gone through in the G20 process with financial market regulation.”

Related The Next Thing To Upend EVERYTHING: Blockchain Technology

She noted that the “concerns” include “cyberattacks, the responsibility of social platforms to tax issues in international trade, and growing concern in the world of policy. “




In other words, she wants to tax all sales on the internet. So anyone from Germany buying anything anywhere would have to pay VAT and every online merchant would have to comply with global regulation. Additionally, governments are increasingly becoming concerned about blockchain technology and the avoidance of taxes.

As always, government pretends to be concerned about security, but it is always about the money. She also wants to shut down anyone who talks against government in the social media.
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