POLITICAL: Abolish the IRS

Wednesday, April 15, 2015

http://www.againstcronycapitalism.org/2015/04/enough-is-enough-abolish-the-irs/

Enough Is Enough: Abolish the IRS
By Editor on April 12, 2015

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The income tax is absolutely crazy if one takes a moment to think about it. We’ve become so conditioned to accept it that we don’t even realize how ridiculous it is. The government taxes one for being productive, for creating income for one’s family, for doing one’s part to grow the economy. It doesn’t make any sense.

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The IRS has also become a political tool as the Lois Lerner debacle illustrated. 

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We should seriously consider a flat tax. Forget consider, we should institute a low flat tax tomorrow. 12.5% across the board. I could live with that (for right now.) 1 postcard on April 15th. No forms. Easy. Actually EZ.

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I say 10%!

With reduction every year.

Until it’s zero.

Like Prohibition, “(pseudo) War on (some) Drugs”, and the Federal Reserve, “We, The Sheeple” have allowed a lot of mistakes to be made.

Argh!

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GOLDBUG: Commodity Discs

Wednesday, October 9, 2013

http://commoditydiscs.com/

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Learn more, place orders, give feedback and keep up to date on our Facebook Page.

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The next NoFed!

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ECONOMICS: Why a free market

Sunday, April 21, 2013

http://youtu.be/TnS2OtzSTq0

50 minute video of Tom Woods.

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Econmics: The recent IRA grab

Tuesday, April 9, 2013

Interesting discussion with my “financial” about the 3m$ cap on IRA/401Ks … …

… stupidity. Basically at that level, the poor befuddled individual is turning what could be captial gains — taxed at 15 or 20% — into ordinary income.

Not that the rich need advice from me!

But bullion — gold, silver, or even nickels — have a tendency to “disappear” off the radar.

Unfortunately, “Uncle” extracts every pound of flesh from IRAs and 401Ks.

Up to you, bit I prefer “magic”!

–30–


QUOTE: Not enough to cover the giant web of obligations

Thursday, March 28, 2013

“What remains are games of musical chairs, Ponzi schemes, frauds, swindles, stonewalls, ruses, ploys, scams, dodges, bluffs, subterfuges, QE martingales, interventions, rehypothecations, pretenses and other modes of evading or disguising reality. The reality is that there is not enough real wealth to go around, certainly not enough to cover the giant web of obligations that masquerades as ‘money.'” – James Howard Kunstler in an essay titled The Cyprus Fiasco Is A Metaphor For The Entire Global Financial System

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MONEY: TAX ON YOUR BANK

Sunday, March 24, 2013

http://www.theblaze.com/stories/2013/03/16/eurozone-country-surprise-were-putting-at-least-a-6-75-tax-on-your-bank-account/

BUSINESS
EUROZONE COUNTRY: SURPRISE! WE’RE PUTTING AT LEAST A 6.75% TAX ON YOUR BANK DEPOSITS
Mar. 16, 2013 10:12pm Erica Ritz

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Congratulations Cyprus savers – you were just betrayed by both your politicians, and by Europe – sorry, but you are the “creeping impairments” in the game known as European bankruptcy. And so is anywhere between 6.75% and 9.9% of your money, which you were foolish enough to keep with your banks (where at least you were compensated with a savings yield of… 0%).

More importantly, as of this morning Europe has finally grasped that there is a 6.75% to 9.9% premium to holding physical cash in your mattress rather than having it stored with your local friendly insolvent bank.

Luckily Cyrpus is so “small” what just happened there will never happen anywhere else: after all in Europe nobody has ever heard of “setting an example“. Or so the thinking among Europe’s unthinking political elite goes…

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So, how do you, the average Sheeple, protect yourself?

Don’t think that this will go unnoticed around the world!

My concern is not so much a tax on “savings”; my concern is a seizure of IRA/401ks.

Figure there are only about 3k financial institutions that are “custodians”. All regulated up the wazoo by the District of Corruption. 

Every so often, “trial balloons” get floated about the Gooferment taking those in exchange for an “enhanced Social Security benefit”.

So my gold and silver bullion or nickels strategy don’t look so bad now!

Sometimes capital preservation is more important than investment gain lost!

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GOLD: Joe Scarborough Admits

Wednesday, April 4, 2012

http://www.theblaze.com/stories/joe-scarborough-admits-glenn-beck-has-been-right-about-gold/

Business
Joe Scarborough Admits: ‘Glenn Beck Has Been Right’ About Gold
Posted on March 30, 2012 at 3:49pm by Becket Adams

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Today on MSNBC’s “Morning Joe,” Matthew Bishop, the US Business Editor and New York Bureau Chief for The Economist, talked about his new ebook “In Gold We Trust? The Future of Money in an Age of Uncertainty.”

Co-written with Michael Green, Bishop’s ebook discusses some awfully familiar themes: the instability of fiat currencies, the skyrocketing price of gold, and the future of the global economy.

“If you got volatile markets, why do you run to gold?” MSNBC host Joe Scarborough asked Bishop.

“This is a very interesting time because…the people who have been the most successful investors over the past few years, a lot of them basically are very worried about the future of the dollar, very worried about the future of the euro, and they see gold as the best alternative currency,” Bishop answered.

“And they’ve been right a lot,” Bishop added. “They have a lot of their money in that currency and I think the rest of need to understand why. It’s always dismissed as this kind of crazy rightwing thing to do,” Bishop added.

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ROFL!

Bout time that someone, anyone, in the mainstream media acknowledges the economic reality.

 

 

 

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