Money & Economics
- Thread starter bigredfish
- Start date
What a way to run the world. First we trade in our gold for silver.
Then they trade in our silver for worthless paper dollars.
Now they want us to trade in worthless paper dollars for fictional electronic vapor ware!
Then they trade in our silver for worthless paper dollars.
Now they want us to trade in worthless paper dollars for fictional electronic vapor ware!
bigredfish
Known around here
Signed Into Law: Alabama Abolishes Income Taxes On Gold and Silver
Signed Into Law: Alabama Abolishes Income Taxes On Gold and Silver | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects of inflation, currency debasement, and mounting federal debt.
Enactment of Senate Bill 297 makes Alabama the 13th state in the nation that does not impose capital gains taxes on sales of gold and silver.
Under the new law’s provisions, any profits or losses arising from the sale of precious metals, as reported on federal tax returns, will be excluded from the calculation of an Alabama taxpayer's adjusted gross income (AGI). This measure effectively shields individuals from punitive taxation on transactions involving constitutional forms of currency.
........ Additionally, U.S. Congressman Alex Mooney (R-WV) re-introduced the Monetary Metals Tax Neutrality Act last week to eliminate the federal capital gains tax on all gold and silver coins and bullion.
mat200
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Heck, if I can not claim capital loss on my Green Backs ...
Signed Into Law: Alabama Abolishes Income Taxes On Gold and Silver
Signed Into Law: Alabama Abolishes Income Taxes On Gold and Silver | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects of inflation, currency debasement, and mounting federal debt.
Enactment of Senate Bill 297 makes Alabama the 13th state in the nation that does not impose capital gains taxes on sales of gold and silver.
Under the new law’s provisions, any profits or losses arising from the sale of precious metals, as reported on federal tax returns, will be excluded from the calculation of an Alabama taxpayer's adjusted gross income (AGI). This measure effectively shields individuals from punitive taxation on transactions involving constitutional forms of currency.
........ Additionally, U.S. Congressman Alex Mooney (R-WV) re-introduced the Monetary Metals Tax Neutrality Act last week to eliminate the federal capital gains tax on all gold and silver coins and bullion.
bigredfish
Known around here
Several States Take Steps To Block A Central Bank Digital Currency
www.zerohedge.com
Several States Take Steps To Block A Central Bank Digital Currency | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
mat200
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bigredfish
Known around here
A very good development for a lot of reasons...
Judge Approves Class-Action Lawsuit Against American Airlines Over ESG Pension Investments
www.zerohedge.com
Judge Approves Class-Action Lawsuit Against American Airlines Over ESG Pension Investments
Judge Approves Class-Action Lawsuit Against American Airlines Over ESG Pension Investments | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
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JPMorgan Chase Paying $100,000,000 Fine, Issues Rare Admission of Guilt in Settlement With US Financial Regulator - The Daily Hodl
JPMorgan Chase has issued a rare admission of guilt and agreed to pay a $100 million fine to a US market regulator.
dailyhodl.com
bigredfish
Known around here
Ugly
Inside The Most Ridiculous Jobs Report In Years
www.zerohedge.com
Inside The Most Ridiculous Jobs Report In Years
Inside The Most Ridiculous Jobs Report In Years | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
bigredfish
Known around here
Retail Bloodbath: More Than 2,600 Store Closings Have Been Announced So Far In 2024
www.zerohedge.com
Retail Bloodbath: More Than 2,600 Store Closings Have Been Announced So Far In 2024 | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
bigredfish
Known around here
Exactly.
But wait there’s more…. And it gets worse.
As usual going back as long as I’ve been alive, Dems spend us into recessions and blame the poor Republican slob that has to come in and fix it. (Though granted, the GOP is no longer any better)
Gonna happen again. Only I think this time it’s gonna be a doozy. Q1-Q2 2025 it all comes crashing down. I think the Dems know this and are quietly glad they may not keep the White House
Shock Decline In Credit Card Debt Is First Since Covid Crash, As Card APRs Hit New All Time High
www.zerohedge.com
But wait there’s more…. And it gets worse.
As usual going back as long as I’ve been alive, Dems spend us into recessions and blame the poor Republican slob that has to come in and fix it. (Though granted, the GOP is no longer any better)
Gonna happen again. Only I think this time it’s gonna be a doozy. Q1-Q2 2025 it all comes crashing down. I think the Dems know this and are quietly glad they may not keep the White House
Shock Decline In Credit Card Debt Is First Since Covid Crash, As Card APRs Hit New All Time High
Shock Decline In Credit Card Debt Is First Since Covid Crash, As Card APRs Hit New All Time High | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Sybertiger
Known around here
<blockquote class="twitter-tweet" data-media-max-width="560"><p lang="en" dir="ltr">Update: Saudi Arabia's 50-year-old petrodollar agreement with the US is over, with no new agreement! <br><br>Saudi Arabia, now a BRICS member, will now sell oil in multiple currencies, including the Chinese Yuan, Rubbles, Yen, and rupee, instead of US dollars and euros!! <a href="x.com">pic.twitter.com/6hV4MQTxnl</a></p>— US Civil Defense News (@CaptCoronado) <a href="">June 12, 2024</a></blockquote> <script async src="" charset="utf-8"></script>
We knew this was coming, more to come for the demise of the U.S. Dollar. This is what scares me, how much will our dollars be worth when CBDC takes over??? We may only get 50 cents on our dollar...
bigredfish
Known around here
Yep this is the problem.
I continue to think it’s going to get far uglier than most imagine. It’s just a matter of how fast, or slowly the pot boils the frog.
I continue to think it’s going to get far uglier than most imagine. It’s just a matter of how fast, or slowly the pot boils the frog.
bigredfish
Known around here
Even Powell can’t keep a straight face when he sees the bullshit reports coming out of the Bidet BLS.
Remember, if their lips are moving they’re lying.
Powell Admits The Biden Admin Is "Overstating" Jobs
www.zerohedge.com
Remember, if their lips are moving they’re lying.
Powell Admits The Biden Admin Is "Overstating" Jobs
Powell Admits The Biden Admin Is "Overstating" Jobs | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
bigredfish
Known around here
The Achilles Heel Of The Fiat Money System
www.zerohedge.com
excerpt
….
Fiat money fosters what I have previously described as “collective corruption,” wherein many people become proverbially ensnared by the structures that fiat money establishes, fostering dependency and entrenching its influence. Consider this: fiat money acts as a catalyst for the expansion of the state, making it bigger and more powerful. Companies receive new orders from the state, prompting adjustments in production and employment to meet artificial demand.
Or consider: people keep their life savings in fiat money. They invest, directly or indirectly, in government bonds and bank debentures and maintain time and savings deposits.
Gradually, people become profoundly reliant on the perpetuation of the fiat money system, consenting to nearly any measure proposed by the state (and the special interest groups taking advantage of it) to keep the fiat money system going.
….. Is this delicate balancing act sustainable? Recent decades seem to suggest so. Despite numerous crises and the chronic erosion of purchasing power, the demand for money in many economies have remained relatively stable. However, can the balancing act succeed in the long-term? Probably not. The primary concern is the enormous accumulation of debt within the fiat money system, eventually reaching a tipping point of unsustainability.
At that juncture, people will be confronted with the question: Should the fiat money system collapse under the weight of deflationary pressures, or should the outstanding debt be financed by creating new money? Unfortunately, history suggests that in a time of “existential crises,” people consider expanding the money supply as the lesser of two evils.
Once initiated, a deliberate inflation policy becomes incredibly challenging to contain, let alone reverse. It has the propensity to spiral out of control, potentially culminating in high inflation or even hyperinflation, thereby precipitating a collapse in the demand for money and eroding the very foundations of the fiat money system.
However, in such a dire scenario, one must reckon with the state’s determination to avert the demise of its fiat money regime at all costs. The state (as we know it today) can be expected to exhaust all available measures to safeguard the continuity of its monetary system.
The Achilles Heel Of The Fiat Money System | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
excerpt
….
Fiat money fosters what I have previously described as “collective corruption,” wherein many people become proverbially ensnared by the structures that fiat money establishes, fostering dependency and entrenching its influence. Consider this: fiat money acts as a catalyst for the expansion of the state, making it bigger and more powerful. Companies receive new orders from the state, prompting adjustments in production and employment to meet artificial demand.
Or consider: people keep their life savings in fiat money. They invest, directly or indirectly, in government bonds and bank debentures and maintain time and savings deposits.
Gradually, people become profoundly reliant on the perpetuation of the fiat money system, consenting to nearly any measure proposed by the state (and the special interest groups taking advantage of it) to keep the fiat money system going.
….. Is this delicate balancing act sustainable? Recent decades seem to suggest so. Despite numerous crises and the chronic erosion of purchasing power, the demand for money in many economies have remained relatively stable. However, can the balancing act succeed in the long-term? Probably not. The primary concern is the enormous accumulation of debt within the fiat money system, eventually reaching a tipping point of unsustainability.
At that juncture, people will be confronted with the question: Should the fiat money system collapse under the weight of deflationary pressures, or should the outstanding debt be financed by creating new money? Unfortunately, history suggests that in a time of “existential crises,” people consider expanding the money supply as the lesser of two evils.
Once initiated, a deliberate inflation policy becomes incredibly challenging to contain, let alone reverse. It has the propensity to spiral out of control, potentially culminating in high inflation or even hyperinflation, thereby precipitating a collapse in the demand for money and eroding the very foundations of the fiat money system.
However, in such a dire scenario, one must reckon with the state’s determination to avert the demise of its fiat money regime at all costs. The state (as we know it today) can be expected to exhaust all available measures to safeguard the continuity of its monetary system.
bigredfish
Known around here
Its all theoretical until a loaf of bread reaches $10 and you literally cant afford to put gas in your car... then its too late
bigredfish
Known around here
1- This guy is very smart, you should listen to him
2- Funny how that “pro Russian fake news blog” Zerohedge is still followed by Wall Street insiders and is frequently 6-12 months out in front of the state controlled MSM on major stories
2- Funny how that “pro Russian fake news blog” Zerohedge is still followed by Wall Street insiders and is frequently 6-12 months out in front of the state controlled MSM on major stories