It’s Criminal to Buy Australian Property?
The Australian government has now ordered the sale of residential properties bought in breach of foreign ownership laws. The anti-foreign investor in property in Australia reflects the very high Marxist influence in Australia. The general perception was that housing prices were being driven higher caused by offshore buyers.
The interesting part is again this is illustrating that absolutely everything is interconnected. The attack of foreign investors as the sole cause of property rising demonstrates that people are blind to the collapse in confidence in government as capital tries to get off the grid with dangerous banks and tax hungry politicians.
However, the share market has elected to stay BEARISH from the August High in 2014.
The Australian government announced it would attack foreign investors in full-blown Marxist spirit in May 2015. That is when the government announced an amnesty of sorts for foreign investors who had breached Australia’s residential property rules. They gave them seven months – until December 1 – to voluntarily come forward and disclose ownership. In return, foreign investors were allowed a prolonged 12 months to sell their property and were protected from criminal prosecution – yes that is CRIMINAL! They would actually imprison a foreigner for daring to buy property in Australia. Unimaginable!
This anti-foreign capital position adopted in Australia is precisely in the opposite direction of the United States which just revoked all restrictions on foreigners buying US property. Additionally, Australia’s anti-foreign capital investment in real estate is having an impact on its stock market as well. Major investors from Asia are simply turning to the USA and so have commented to us that they are writing off Australia as very anti-capitalist country that cannot be trusted as it panders to leftists. Interesting how Australia and Britain are suffering from very strong leftist movements. In the States, we are seeing it to a lessor degree with Bernie Sanders. This is the danger we face globally.
The tree is cut, which way does it fall? Freedom or Communism?
With so many people claiming the problem is the rich, that may leads us to a total loss of freedom.
While Marxism spreads throughout countries due to political greed and protectionism, the USA may benefit from all that money seeking safe shelter. Most of it will directly or indirectly enter the stock market.
So, you see, we do so much more than signaling red and green arrows. . . highs and lows for the stock market . . . we will help save your freedom and wealth through the compilation and redistribution of timely knowledge. Allowing you the opportunity to invest your wealth where growth will occur anywhere in the world via country, sector, commodity, or currency.
You will know precisely when to be invested and when to protect the wealth you have built.
It is my obligation to issue warnings to our subscribers regarding financial markets, wealth preservation, and wealth creation.
It is also our professional obligation to deliver messages, from others, that we believe to be honest. Those opinions may or may not be our own personally, but I do allow them to share their message with our readers.
If you attended our international webinar August 22nd, then you may find Jonathan Cahn's message quite interesting.
In no uncertain terms, I plead with you to speak to one of our local representatives to become a Wealth Preserver subscriber. It may be the difference between long term slavery or financial freedom for you and your family.
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Budget 2015: Federal Government set to introduce tax on bank deposits
The Federal Government looks set to introduce a tax on bank deposits in the May budget.
The idea of a bank deposit tax was raised by Labor in 2013 and was criticised by Tony Abbott at the time.
Assistant Treasurer Josh Frydenberg has indicated an announcement on the new tax could be made before the budget.
The Government is heading for a fight with the banking industry, which has warned it will have to pass the cost back onto customers.
Mr Frydenberg is a member of the Government's Expenditure Review Committee but has refused to provide any details.
"Any announcements or decisions around this proposed policy which we discussed at the last election will be made in the lead up or on budget night," he said.
Speaking at the Victorian Liberal State Council meeting Mr Abbott has repeated his budget message, focusing on families and small businesses.
"There will be tough decisions in this year's budget as there must be, but there will also be good news."
The banking industry has raised concerns about a deposit tax, saying it will have to pass the cost back onto customers.
Steven Munchenberg from the Australian Bankers' Association said it would be a damaging move for the Government.
"It's going to make it harder for banks to raise deposits which are an important way of funding banks. And therefore for us to fund the economy," he said.
"And we also oppose it because particularly at this point in time with low interest rates a lot of people who are relying on their savings for their incomes are already seeing very low returns and this will actually mean they get even less money."
Bank deposit tax will break election promises: LaborThe Federal Opposition has accused the Government of breaking an election promise by planning to introduce a tax on bank deposits.
The former Labor Government put forward the policy in 2013 to raise revenue for a fund to protect customers in the event of a banking collapse.
Shadow Assistant Treasurer Andrew Leigh said Treasurer Joe Hockey criticised the proposal at the time.
"When we put it on the table Joe Hockey said that it was a smash and grab on Australian households just aimed at repairing the budget," he said.
"I don't think we're going to take any lessons on bipartisanship from Joe Hockey. If he's got any serious proposal to put on the table Labor will respond to that."
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Livio S. Nespoli has been a broker, registered investment advisor, and financial publisher since 1985.