Remember this above all else, this morning:  The Right to Tax is the Right to Govern.

And, so, as we read the  Wall St. Journal  story “Corporate Executives Try to Assess Potential Impact of Tax Change Proposals
Companies are studying suggestions by the OECD that would mark a departure from current international tax rules, but details are murky” it was very clear that Banksters are making their move.

They are only murky to MainStreamMedia suckas.  To people who’ve been reading this site for the past 22-years, the move is all too plain.  Look for it to play out like this:

  • Trade will, for the short-term, perhaps year’s end, look OK.  Even if it isn’t?  Happy-talk stories like CNBC’s “China’s top trade negotiator Liu He talks to Lighthizer, Mnuchin about ‘resolving core issues’.” Reason for the high market and hype?  Well, simply to ensure as much money comes out of  your pockets, and onto bank receivables ledgers as possible.
  • The next thing would be for the OECD to lay out a few details over coming months.  According to their website, the OECD is “The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. We draw on almost 60 years of experience and insights to better prepare the world of tomorrow.”  You can read more about them here.
  • According to The Hegelian Dialectic, socialists, communists, and global corporatists (which are a special class of socialism for the rich) a problem is proposed (*thesis, such as “World will end without this new global tax scam.”).
  • Then, the antithesis will be hauled out.  (Antithesis in this case will be the Globalist Tax Plan Details, which will promised everyone more Free Lunches.)
  • Finally, the Global Tax plan will be implemented and the Corporate Socialists will have achieved global government – which is as stated at the opening of this morning’s note, actually the power to govern.

To make this happen, the Globalistas will need a problem.  One that will impact (more or less) everyone on the Planet.

The specifics of implementation will be easy.  We expect the OECD details will roll out either in response to a great market decline in coming months, or absent that some “global threat” perhaps from space of some “high credibility climate scare.”

The citizens of individual countries would be powerless to halt it.  That’s because, here in the US for example, the Tax Agreement would be signed with an externality and would not impact citizens directly.  In other words, it’ll be over our heads.

At first, the global rate will be low, but then as tax-hungry regions like the verge-of-imploding European Union sense “free lunch” they will jump right in.

And then comes a period of Global Tax Madness.  The EU, for example, could argue for a piece of the tax on US-China trade, arguing that jobs in China take away jobs from Europe.

In the end, it’s not a Bad idea; it’s a horrible idea.  Because once the OECD has powers to coordinate tax policy, they will be able to install a global currency, as well.

From there, it’s only a hop, skip, and a jump to the implanted biometric “Mark of the Beast.”

The Dangerous Migration Path

Oh, it’s also the end of human freedom.  Because, on inspection, you will see the trend underway would be to tax everyone, cradle to grave.  And all newly born will be “tax chattel” and “born in debt.”

The tax theory?  “Everyone who is born avails themselves of a long human history of medical evolution.  To be born is to use that and that’s a taxable event…”

Same with Education.  Right now, education is paid for mainly by working parents in America.  But, in this hyper-extensible version of the Rent Your Life corporate business model, everyone would be born with a “balance sheet.”  You’d be debited for the hospital costs (and at whatever compounding rate The Powers declare).  Later on in life, you’d have to “work off this social debt” and that’s where China’s Social Credit schema becomes a plug-in font module.

Freedom disappears when you are saddled with debts you didn’t agree to, yet it will be so in time.

In many ways, this schema is a spin-off on what Churchianity was after through Medieval and up through current times.  That is, everyone is born flawed (which is a kind of onboard balance sheet, if you think about it).  So to redeem themselves (working off the Debt) they need to bow to Authority (or a religious figure, or in the new schema to whoever implements the OECD Global Tax schema).  Oh, and do work as told (a lot like penance but with more sweat and suffering than in most religions, save those heavy into self-flagellation.

Buying Off Religions

What will also be instructive in the coming year to five is how the corporate-socialists deal with competition from the religions that are in the same business model.  The is, telling people they are born in debt, need to tithe and do penance to redeem themselves.

There are two major paths through this theorectical problem.  The first is to incorporate into their global tax regimen, some economic agenda items of a particular religion.  For example, a ban on payment of interest in some fashion.

The other method, more sure, but more time consuming, is the gradualistic takeover.  If the Global Tax is sold as a specific “medicine for a global ailment” (such as global market crash, global trade lock-up with no resolution coming, or as an “answer” to a near earth asteroid or climate emergency), then it can effectively be a “time seed.”  That is, a business model planted which will later bloom and take everyone by surprise.

Time seeds like this are critical in business.  It’s how Facebook grew so remarkable.  They planted a “time seed” (as a database for egoistic me-me’s to create content.  They they invited corporations to move their audiences off company-specific discussion groups and onto Facebook.  Finally, when FB went public, they shut the slaughterhouse gates.  People (me-me idiots) keep creating free content for FB and with the gates such, FB can rent-back  access to what were once proprietary customers and clients.

A Global Tax regimen can be “sold” in a similar way. 

But not until we get past this blow-off and that gets us nearly back on track to look at the trade figures just out…

Trade .DTA

Advance International Trade in Goods The international trade deficit was $66.5 billion in October, down $4.0 billion from $70.5 billion in September.  Exports of goods for October were $135.3 billion, $0.9 billion less than September exports. Imports of goods for October were $201.8 billion, $5.0 billion less than September imports.

Advance Wholesale Inventories Wholesale inventories for October, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $676.1 billion, up 0.2 percent (±0.4 percent)* from September 2019, and were up 3.9 percent (±1.2 percent) from October 2018.  The August 2019 to September 2019 percentage change was revised from down 0.4 percent (±0.2 percent) to down 0.7 percent (±0.2 percent).
Advance Retail Inventories Retail inventories for October, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $668.7 billion, up 0.3 percent (±0.2 percent) from September 2019, and were up 3.1 percent (±0.7 percent) from October 2018.  The August 2019 to September 2019 percentage change was unrevised from the preliminary estimate of up 0.2 percent (±0.2 percent)*.

Worth Knowing

Who’s painting the tape?  90-minutes before the opening, Yahoo Finance was reporting Dow Futures were up just 16 points.  On the other hand, FinViz was showing the Dow futures +193.  Someone’s going to be disappointed!  Sure looks to us like hype of the Dow is going on.  Probably, because it’s the mostly widely reported number (but not nearly as useful as the S&P 500) it’s a mood setter.

The Trade Hype story earlier is just that:  Talk about talking, but splashed large, sure, WTF…Bubble ho!  Oh, wait” Futures Fade After Algos Sell Latest Burst Of “Trade Deal Optimism”.

Foot-dragging Fools: Democrats “within range” of improved trade agreement with Mexico and Canada.  Remember, this was sent to Congress in May-June, wasn’t it?  The House  con‘s will do anything to throttle-back Trump.

There goes the Hunt’s Point neighborhood in Seattle: French billionaire Bernard Arnault overtakes Bill Gates as world’s second-richest person.

Climate change, anyone?: Expect travel delays as more than 55 million hit the roads, rails and skies for Thanksgiving.

Be sure to check back at 8:15 for the Housing report from Case-Shiller.  Ahead of it:” Rising House-Buying Power Accelerating House Price Appreciation, According to First American Real House Price Index.

Black Friday is one thing, but tomorrow isn’t it almost “Green Wednesday” and yes, also called Weed Wednesday: “What Is Green Friday And Weed Wednesday? Black Friday Sales Allow Marijuana Smokers To Save On Pot Products.”

Special Note to our house guest who went for a walk down by the creek here at the ranch in East Texas without a side arm: Feral hogs attack, kill Texas woman, authorities say.  That’s east of Houston-Baytown.  Feral hogs here are just as ornery.  Nothing to oink at.

Electric Woo

Is Mercury rising This has been one hell of a week for electrical things here in the Outback.  And so much for “signs and portents” theory of Monday.

Recall that Saturday morning, Elaine headed for the store, only to discover the cell phone wasn’t on the charger right.  Figured to charge in the car, but the car battery was dead.  Open door does that.  Then a ham radio electrical issue ate two hours of mine Sunday.

And the capper (so far!) was when I fired up the recording studio Monday only to find the power supply inside the  Presonus 16.0.2. mixing board had gone to lunch.  So here comes a 2-day air replacement board, but that pushes time machine project back…certainly disappointing!

Not all bad, though:  My consigliere has earned his “Furniture assembly” certificate and today we will repair one of the inverters which needs a new A.C. transfer board put in.  Oh-oh…electricity again.  Hmmm…

Write when you get rich (or something shocking occurs)