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October 8, 2024 | Biden Wants Banks to Report All Transaction over $600

Martin Armstrong

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Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

The Biden Administration is pushing banks to report every $600 transaction, whether a deposit or withdrawal, from every business or personal account. The Democrats want everything, and no matter how much they collect, they will always spend more. TAXES are really no longer even necessary along with borrowing. They never pay off the debt anyhow, and it would be immensely more efficient for the government to just print the money they need and end both borrowing and taxation. Over 70% of the national debt is due to interest and wars. It does not go to expand the economy or help people whatsoever.

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October 8th, 2024

Posted In: Armstrong Economics

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