by Martin Armstrong, Armstrong Economics:
Landlords are joining together to challenge the Conservative’s (i.e. Tory’s) tax hike by filing a suit in the high court against their tax increase on “buy-to-let” investment properties. One of the reasons I have stated that Maggie Thatcher herself would have broken away from the Conservatives and started her own third party is demonstrated by this abusive tax on property investment. The Conservatives are acting more like communists in London these days, for this tax plans to prevent landlords by offsetting mortgage interest costs against rental profits before calculating tax. So in other words, they are preventing the leverage in real estate, which means this can only create a one-sided complete collapse.
David Cameron is perhaps the WORST Conservative in British history. He is doing everything possible to remain in the league with Brussels. Cameron’s comment after rigging the Scottish vote to ensure Scotland could not leave the UK was shocking. He said the vote settled the question “for a generation”, revealing his pro-government posture and anti-Democratic undertone. This posture goes all the way to agree with Brussels, and Cameron’s arrogance (see video of his speech) was just stunning. His promise for a referendum to leave the EU was a bullshit ploy; he never expected he would actually stand a chance to win.
Now Cameron is scared to death and has the bankers frightening everyone by saying that Britain would collapse if they tried to leave the EU, which is insane since the bankers themselves will fall if they remain inside the EU with what is on the horizon. Cameron called on the bankers to spread propaganda, claiming that if Scotland left the UK, then the bankers would all move to London. EVERYTHING Maggie Warned about has come true under her own party. Thatcher was always clear that a single currency was all about the federalization of Europe through the back door. Cameron should watch the debate back in 1990 on this issue,
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