Archive for the ‘Money’ Category

Of the Slaying of the “Mighty Bear Whale”

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SS: what do i know about bitcoin ?? well i do happen to know a little bit about bitcoin. i have been watching it for a year now. when i say watching it i mean watching all the news and the prices just like i do with gold and silver. i sometimes don’t say anything about some things until is the right time. not sure if this is the right time or not really.

SS: what is bitcoin crashed from it’s highs at over $1000 down to $200 ?? that is probably a question on everyones mind. well for one thing 1600 new bitcoins enter the market daily through mining. have a look at the inflation in bitcoin:

3600 mined coins a day = 25200 bitcoins mined a week
25200 mined coins a week = 1310400 bitcoins mined a year

SS: some will argue that new bitcoins entering the market do not have an effect. i don’t know for sure whether they do or not. however there will only be 21M bitcoins…ever. once 21M bitcoins are mined then that is all the bitcoins that will enter circulation. 13,747,900 bitcoins are in circulation today as of this writing. we are currently mining 1,310,400 bitcoins a year…….until 2016 when the reward halving will happen. ATM the reward for mining bitcoins is 50 bitcoins per block solved and after 2016 that reward will be halved.

SS: is this the reason for the bitcoin slump ?? i am not sure about that. it could be the bitcoin bears and bearwhales who have been shorting bitcoin using leverage. it could be a combination of the two. however bitcoins can sometimes move very fast when it decides to move.

SS: the purpose of this blog is to shine a light upon bitcoin before anyone decides to buy bitcoins based upon my tweets or anything what i am doing. here are the very basics: …… A: only buy what you can afford to lose. B: do not leave your coins on an exchange that you do not need on the exchange. C: keep all coins in ‘cold storage’ that do not need to be on an exchange. ……. those are my three main rules for bitcoin. you must follow these rules or your risk is much greater.. if you cannot handle those three rules then you should maybe buy gold and silver instead. or go buy stocks and other paper @ATH’s . buy high sell low.

SS: if you are a whale … bearwhale or bullwhale … you need to be careful… there are many whales out there who got bitcoins early and others who bought loads of them because they have a lot of money. a whale can move the market but there are the ‘four punch raiders’ who love to slaughter the whales. especially bear whales. i know because i have seen it more than once happen. i have seen the bear whale below be slain and others like him. if you are a bear whale then all fundamentals (the hammer time) suggest that you will be caught in a massive short squeeze by the ‘four punch raiders’ .. save yourself the grief from the news like the news below … and you should know by now what time it is .. “when is blood in the streets it’s time to buy” .

NYSE Completes Minority Investment in Coinbase Released : 20 January 2015 NEW YORK–(BUSINESS WIRE)– Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that its wholly-owned subsidiary, The New York Stock Exchange, has made a minority investment in Coinbase, a leading bitcoin wallet and platform with over 2.1 million consumer wallets, 38,000 merchants and 7,000 developers.

THE SLAYING OF BEARWHALE Hallowed Day – On October 6, 2014, one of the grandest and most brutal struggles ever to grace the tapestry of international crypto-finance occurred. The day before, after several weeks of sinking prices had capitulated in a bear assault, the enemy’s most formidable foe emerged. It was a beast rumored to exist, but never seen in its natural, grotesque form. The BearWhale, a mighty creature with a 30,000 BTC ask wall (roughly $10 million), stormed out onto the battlefield. Bulls small and large were crushed under its immense weight. The very Spirit of Bitcoin could be felt buckling beneath the pressure of this immense market soul-crusher. But Bitcoin was not broken that day. A grueling struggle ensued, and over the course of several hours, the entire BearWhale ask wall was demolished, satoshi by satoshi. The vigilant light of a future without fiat inspired the bull soldiers to conquer this foe, or die trying.

Bitcoin prices are collapsing almost as quickly as they originally skyrocketed. The average price of Bitcoin fell below $200 on Wednesday, continuing a months-long decline that has pushed prices back down to the lowest level since October 2013. The recent drop comes on the heels of the news that Bitstamp, a bitcoin exchange, reported that its wallets were compromised and had to temporarily shut down services. Bitcoin prices fell below $300 last week and continued to skid. (Mashable Screenshot)

The price of Bitcoin may be dropping, but funding continues to roll in for startups working with the digital currency. Coinbase , a startup that provides a digital wallet for buying, selling and storing bitcoins, announced Tuesday that it raised $75 million in a Series C funding round from a list of big name investors including, in a symbolic boost of confidence, the New York Stock Exchange. The company said in a statement, “Today’s fundraise gives us solid growth capital to continue driving mainstream, global adoption of Bitcoin.” (Mashable Screenshot)

A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin January 7, 2014. REUTERS/Pawel Kopczynski

Should we blame bitcoin for illegal activity? Naomi Brockwell and E.J.Fagan debate. More from “Trust” Thursday, 9pm ET on Fox Business. (Fox Business Screen Capture)

A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin

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    Of the USD Reserve Currency to the Moon

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    SS: seven year graphs of the dollar above. seems to be a pattern and it looks almost like 2007 – 2008 again. everyone has been talking about russia being caught in the crunch but i think we might be caught in a crunch too. if there is another economic crisis then i think that we should be prepared for any thing that could happen. if the usa were to be invaded i think i would feel better with the police being well armed . the army is selling humvees to the general public now too. if i have a humvee i would have one in case of an invasion.

    SS: i think we should not turn everyone against the police. maybe there a few things that maybe just requires more better training. however, i do not believe the police are out to kill everyone. whatever is going on with the military militarizing the country might be to prepare for the next economic crisis. the usa is a very hard country to invade because the largest standing army of hunters in the world reside east of the mississippi. if the police have mraps and citizens have humvees then the usa is even more formidable against an invasion. just ask the britian about that they know all about it.

    SS: everyone this is important. you should sell all your gold and silver now while they are low. do not worry you can buy them back when they are higher. now is the time to panic sell. buy high sell low everybody. right now is a strong dollar so you do not want to buy a bunch of commodities with a strong dollar while they are low. it will be ok because you can buy them when wake up and they are much higher because the dollar crashes again. surely you will have another opportunity to sell low again if you do manage to buy some. wait till it gets really low before you sell again. buy high sell low everybody.

    Humvees Sell for up to $42K in First Public Auction of Military Truck DECEMBER 17, 2014 It was a military bake sale of sorts. For the first time in history, the U.S. military auctioned off some of its surplus Humvees to the public. And truck-lovers responded in kind, paying as much as $41,000 for the iconic military vehicle that entered service in the mid-1980s, spawned a commercial version called the Hummer in the 1990s and was replaced in the 2000s by bigger, more blast-resistant trucks known as MRAPs during the wars in Iraq and Afghanistan. In all, the online auction house IronPlanet Inc. on Wednesday auctioned 25 of the vehicles on behalf of the Pentagon’s Defense Logistics Agency, netting a total of $744,000. Bidding started at $10,000 and escalated quickly, indicating a high level of interest from buyers for the light-duty utility trucks, even though they can’t be driven on roads and can only be used for off-road purposes.

    A armored military Humvee belonging to the Missouri National Guard sits at a perimeter blockade in Spanish Lake, Missouri on November 25, 2104 (AFP Photo/Michael B. Thomas)

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      Of the Eisenhower Silver Dollar

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      SS: just speculation: if the dollar were to collapse or be abandoned then maybe there is a bank holiday and maybe they rollout the new currency. all money in banks and iras and all that takes a percentage hit in value during the conversion from dollars into the new currency .. maybe the dollar has lost a lot of value and is converted at maybe only 25% of it’s value, that means people lost 75% of their wealth due to dollar collapse and bank holiday bail-in conversions. i just say this so that maybe some of my friends who might read this dont get caught by surprise and be completely wiped out in whatever it is going on.

      SS:  since we know where the wrong turn happened when the federal reserve made the change to trusting in god to print money and interest to infinity then maybe we should take the opportunity to revert back to ways that was working just fine. opportunity to remodel some things that don’t work too like slavery.. interest to infinity debt slavery.. BSG All Along the Watchtower the psylons use their mono-theism to control the human slaves.. the caprican humans consider the psylon god an immoral dictator.. obviously interest to infinity debt slavery is immoral and dictatorial .

      E pluribus unum (/ˈiː ˈplʊərɨbəs ˈuːnəm/; Latin: [ˈeː ˈpluːrɪbʊs ˈuːnũː])—Latin for “Out of many, one”[1][2] (alternatively translated as “One out of many”[3] or “One from many”)[4]—is a phrase on the Seal of the United States, along with Annuit cœptis (Latin for “He approves (has approved) of the undertaking”) and Novus ordo seclorum, (Latin for “New Order of the Ages”) and adopted by an Act of Congress in 1782.[2] Never codified by law, E pluribus unum was considered a de facto motto of the United States[citation needed] until 1956 when the United States Congress passed an act (H. J. Resolution 396), adopting “In God We Trust” as the official motto.[5]

      The dollar’s 70-year dominance is coming to an end 19 Jul 2014 Something just took place, though, which illustrates that dollar reserve currency status won’t last forever and could be seriously diluted. Last week, seven decades on from Bretton Woods, the governments of Brazil, Russia, India and China led a conference in the Brazilian city of Fortaleza to mark the establishment of a new development bank that, whatever diplomatic niceties are put on it, is intent on competing with the IMF and World Bank.

      It’s long been obvious the BRICs are coming. The total annual output of these four economies has spiralled in recent years, to an astonishing $29.6  trillion (£17.3 trillion) last year on a PPP-basis adjusted for living costs. That’s within spitting distance of the $34.2 trillion generated by the US and European Union combined.

      This coin may appear to be an Eisenhower silver dollar, but it is really a concealment device. (Courtesy of the CIA)

      A rat corpse used to pass messages between a CIA officer and a local agent. (Andrew Rothschild for Yahoo News)

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        Of the “Magna Carta: Law, Liberty, Legacy”

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        War and Taxation John’s barons refused to support John’s attempts to campaign against Philip in Poitou.
        –      John’s campaign was not only a failure, it was an expensive one. To try and recoup his costs, he issued in 1215 a demand for “scutage” from all the barons who had failed to join his expedition, at the rate of three marks (forty shillings) per shield.
        –     [Scutage was the compensation payable by tenants who failed to provide knights to serve the king as rent for their feudal fief. The traditonal rate was one mark (thirteen shilling and four pence) per shield, and even King Richard had never demanded more than twenty shillings per knight].
        –     Not only did King John demand high scutages and fine rigorously any failure to pay, he had already levied high taxes on land and movables (1203 and 1207).
        –     John needed to increase taxes if he were to be able to pay the mercenary soldiers whose wages were rising in an age of inflation, but the barons perceived John’s exactions as excessive. In 1214 while John was abroad, many Northern barons simply refused to pay.
        –     In 1215, the barons appealed to Pope Innocent III (now “lord of England”) against John’s exactions and for their traditional liberties. However, now that Innocent had John in his pocket, he simply ordered the barons to obey the king.
        –     Ignoring the Pope, the barons –  led by Eustace de Vesci and Robert Fitz Walter – assembled under arms at Stamford in Spring 1215 and then marched south, renouncing all allegiance to John.
        –     John (probably to buy time) agreed to consider the barons’ demands, and Archbishop Stephen Langton took charge of brokering a compromise. On 15 June 1215 at Runnymede, King John signed Magna Carta.

        Visitors view one of four remaining copies of the original Magna Carta, a document written in 1215, on display at the Museum of Fine Arts in Boston June 30, 2014 . An inspiration for the U.S. Constitution and Bill of Rights, the document is on loan from England’s Lincoln Cathedral. REUTERS/Gretchen Ertl (UNITED STATES – Tags: SOCIETY)

        Linda Apple, of Melrose, Mass., looks at a copy of the Magna Carta, one of the pivotal documents of Western civilization, in a display case at Boston’s Museum of Fine Arts, Monday, June 30, 2014. One of only four surviving copies of the original 1215 document, it is on loan from the Lincoln Cathedral in the United Kingdom. (AP Photo/Steven Senne)

        In this file photo dated Wednesday, Feb. 5, 2014, wearing gloves and a mask, Chris Woods, director of London’s National Conservation Service, unveils the Magna Carta, in Houston, USA, before is goes on display at the Houston Museum of Natural Science for six months starting Feb. 14, 2014. The British Library have announced Thursday July 2, 2014, an exhibition marking the 800th anniversary of the Magna Carta, entitled “Magna Carta: Law, Liberty, Legacy” running from March to September 2015, to include two of the most famous documents in American history. The American Bill of Rights, and the Declaration of Independence will go on display along with the Magna Carta, in the exhibition. (AP Photo/Pat Sullivan)

        Visitors to the Museum of Fine Arts in Boston, including Peter Drummery (C), of the Massachusetts Historical Society, exhibit curator Gerald Ward (R) view one of four remaining copies of the original Magna Carta, a document written in 1215, June 30, 2014. An inspiration for the U.S. Constitution and Bill of Rights, the document is on loan from England’s Lincoln Cathedral. REUTERS/Gretchen Ertl (UNITED STATES – Tags: SOCIETY)

        Peter Drummey, of the Massachusetts Historical Society, left, Exhibition Curator and New Hampshire State Rep. Gerald Ward, D-Portsmouth, center, and Lloyd Schwartz, or Somerville, Mass., right, look at a copy of the Magna Carta, one of the pivotal documents of Western civilization, in a display case at Boston’s Museum of Fine Arts, Monday, June 30, 2014. One of only four surviving copies of the original 1215 document, it is on loan from the Lincoln Cathedral in the United Kingdom. (AP Photo/Steven Senne)

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          Of the High Taxes and High Inflation Economy

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          SS: high taxes and inflation is now starting to hit us hard. i have been noticing the ride in prices in some thing but this week when i was at walmart i went to buy a bottle of barbeque sauce and the price had DOUBLED from only about three or four weeks ago. for many years i bought 15 packs of my razors for $24 and change .. then suddenly the 15 pack went away for awhile and could no longer buy the 15 pack of razors. the 10 pack of razors suddenly cost $24 and change. that was a big price jump. and then this week the 15 pack of razors suddenly reappears at $31 and change.

          SS:  the inflation has started. and this inflation is the hidden tax. the obama administration is crunching the country in high taxes and inflation. all we hear about is how the economy is doing better but that is really hard to believe by anyone. we all have less money from the new high taxes and what money we do get to keep is buying less. that combo there is no way the economy can get better. the stock market is not a good gauge of our economy because it is an inflated bubble caused by the fed printing massive money and feeding it into the stock market via central banks by buying their junk.

          SS: obamacare is one big huge tax. if you are fined by the IRS for not having the insurance that obama demands us all to have with obamacare. any money owed to the IRS is interest to infinity.. and that i think is a big problem.. because debt and interest to infinity is a form of slavery. in the future we will look back and remember interest to infinity and the federal reserve money printing and manipulations as forms of slavery.. that is if the world lasts that long.

          SS: last holidays was weak. and i think this holidays will be another weak season. less money + inflation is going to equal less retail. lying about the economy is going to make problems worse if there is a crash because iot is going to be a complete surprise. i’m not an economist but that is my opinion about that. and i do not blame walmart for the higher prices since i think inflation and high taxes are the fault of the obama administration.

          SS: in the constitution we are not subjects, instead we are citizens. and this all really goes back to when the usa formed the federal reserve and left the gold standard. the federal reserve changed the money at that time removing the ‘E Pluribus Unum’ which means “Out of many, one” and “He approves of this undertaking” backed by gold and silver just as the constitution says that only gold and silver can be recognized as money.. they the federal reserve turned money into the fakeland “In God We Trust” that is debt and is not backed by gold and or silver.

          SS: that is where the mistake was made when they killed john f. kennedy so they could implement federal reserve and raid the countries gold reserves. unfortunately it was such a HUGE mistake that the paper money is doomed to die under the weight of massive debt slavery. the us govy is so far in debt that they have to tax us heavily AND print massively at the same time . i think this debt slavery system is going to fail sooner than later because everyone has less money to spend and the money is worth less.

          SS: i know there are many problems and lack of funds but i think that sucking every last dime and penny from the american people is not going to be the solution .. the fix is in the system itself. it is changing how things are done because high taxes, printing massive money, interest to infinity, debt slavery did not work and still is not working.. and i believe will continue to fail. it is a self-feeding loop of failure mixed with random catastrophes brought on by poor guidance and poorly made calls.

          07-27-14 UPDATE: as we can see obama was out during the weekend talking trash about people and companies who are attempting to use legal means to avoid paying the aggressively abusive high taxes in the usa. and we can see the new obamacare tax fine has aggressively abusive maximums tax fines. the problem is that people who lose their jobs due to the irresponsible actions of the federal reserve will get buried in tax fines that have interest to infinity. and when they do get new jobs they will slave their way to pay the irs the fines plus all the interest. these tax fines will be raised when the feds feel they need more money and the insurance premiums will continue to rise. i think this is their real plan to aggressively and abusively tax americans .. i think we should completely disagree with obama that people trying to escape the abusive high taxes of the usa as unpatriotic . i think it’s really called ‘good business sense’.

          New Record: Federal Tax Revenues Top $3T for 1st Time October 15, 2014 (CNSNews.com) – Inflation-adjusted federal tax revenues not only hit a record high in fiscal 2014, but marked the first time that tax revenues have ever topped $3 trillion, according to the latest Monthly Treasury Statement. In fiscal year 2014, inflation-adjusted federal tax revenues hit a record $3,020,848,000,000, but the federal government still ran a $483,350,000,000 deficit during that time.

          Federal Workers Are Rewarded When They Waste Your Money September 30, 2014 The IRS spent $2,410,000 on “toner products” in a single purchase. The Department of Homeland Security paid $251,016 for “Aeron Mesh Task Chairs” and $15,198 for two pianos. Music to sooth Russia’s President Putin, perhaps? The State Department obligated $24,969 for a “50 inch LED HD TV” for the embassy in Kabul, Afghanistan, while the embassy in New Delhi, India, made a $20,362 alcohol purchase. This brought the total booze tab for the State Department to nearly $100,000 for the month of September. The Department of Veterans Affairs spent over $1.8 million on artwork, including $375,000 for a “Lobby Piece” and $285,000 on a “parking structure facade project” for the Public Artwork Commissioned Project at the Polytrauma & Blind Rehabilitation Center in Palo Alto.

          Corporate taxes hurt our economy October 3, 2014 Alibaba Group, the Chinese online retailer that just floated its massive IPO in New York, could face challenges expanding beyond China, but taxes certainly won’t be one of them. USA TODAY reported that the company’s effective tax rate is 11.9 percent, compared with 37 percent for Amazon.

          Forget Zimbabwe, U.S. Tax System Ranks At Bottom, Just Better Than Portugal 9/16/2014 The U.S. at 32 out of 34 nations didn’t fare well, One big minus is our 35% corporate tax rate, the highest in the developed world. Not only that, but we are only one of six remaining countries in the OECD with a worldwide system of taxation. But for America, the hits just keep on coming. The U.S. ranks poorly on property taxes given our estate tax, and our state and local property taxes. Individuals also face high personal tax rates topping out at 39.6% and the double taxation of capital gains and dividend income.

          Faber: McDonald’s Woes Confirm Stocks Are Primed for a Fall 11 Sep 2014 Marc Faber, publisher of the Gloom, Boom & Doom Report, has been saying for months that the stock market is headed for a 20-30 percent fall. Tuesday’s news of a 3.7 percent drop in McDonald’s global same-store sales in August reinforced his view. “McDonald’s is a very good indicator of the global economy,” Faber told CNBC. “If McDonald’s doesn’t increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power.”

          Fed Report: Obamacare Already Raising Consumer Prices  September 7, 2014  A report from the Federal Reserve Bank of Philadelphia showed similar results, with many firms increasing their part-time workers and outsourcing, raising employee contributions to healthcare coverage, deductibles, and co-pays, and 28.8 percent are raising the prices they charge customers.

          Wal-Mart’s Sales Stagnation Reignites Concern About Economy 15 Aug 2014 Wal-Mart Stores Inc.’s latest struggles to revive U.S. sales, following a disappointing Commerce Department report earlier this week, add to evidence that the economy isn’t recovering as quickly as expected. The company posted stagnant same-store sales in its second-quarter earnings report, marking the sixth straight period of no growth. The world’s largest retailer also cut its earnings forecast for the year, citing higher spending on health care and e-commerce. The sluggish results followed disappointing earnings from Target Corp. and Macy’s Inc. this month, signaling that a broad swath of retailers are struggling. The Commerce Department’s report on July retail sales was the weakest in six months, hurt by tepid wage growth. While some of Wal-Mart’s woes reflect a shift away from big-box retailers, many consumers appear to be simply keeping their wallets shut.

          High Taxes, Abusive Enforcement Causing Businesses, Citizens to Flee America 06 Aug 2014 President Obama, as promised, is changing America. High taxes and abusive enforcement are compelling businesses and ordinary citizens to leave the country altogether. The United States has much higher corporate tax rates than other industrialized countries do, and increasingly, the IRS uses more aggressive enforcement tactics than foreign tax authorities use.

          Why corporations shouldn’t pay any taxes — zero, zilch, nada August 4, 2014 And let’s remember who benefits when businesses reduce their tax burden — perfectly legally! — by moving overseas. Mitt Romney was bang on when he said “corporations are people.” Workers bear 70 percent of the corporate tax burden, according to the Congressional Budget Office. American Enterprise Institute economists Kevin Hassett and Aparna Mathur have found higher corporate taxes lead to lower wages, with a 1 percent increase in corporate tax rates associated with a 0.5 percent drop in wage rates. No wonder the OECD found corporate taxes to be “the most harmful for growth” of all taxes.

          Unreasonable corporate tax rates  July 25, 2014 The reason large corporations take advantage of all available tax strategies is because corporate tax rates are much more reasonable in other industrialized nations compared to the United States. Rather than blaming corporations for taking advantage of laws he has had a hand in creating during his years in Congress, maybe Durbin should be looking at the disparity in corporate tax rates between the United States and other countries.  Reasonable tax rates would do much to stop the behavior he finds so unpatriotic.

          Obama hits ‘unpatriotic’ tax loophole 07/26/14 “Even as corporate profits are as high as ever, a small but growing group of big corporations are fleeing the country to get out of paying taxes,” Obama said. “They’re keeping most of their business inside the United States, but they’re basically renouncing their citizenship and declaring that they’re based somewhere else, just to avoid paying their fair share.” Even though “the vast majority” of U.S. companies pay what they owe, he added, some are able to “cherrypick” which taxes they pay by swallowing up a smaller foreign company and shifting their official address overseas. The process is “totally legal” Obama said, but also “totally wrong.”

          The Relationship Between Taxes and Health Care: 5 Things You Need to Know 08/05/2014 You could end up with a bigger tax refund or a lower one or a balance due since your subsidy for 2014 was based on your projected household income. If you overestimated your 2014 household income, you may receive the remainder of the subsidy in the form of a tax credit when you file your taxes. However, if you earn more than you projected, your tax refund may be lower.

          Feds cap maximum fine this year for not buying health insurance at $2,448 per person  July 24, 2014 The caps are $2,448 per person and $12,240 for a family of five. The amount is equal to the national average annual premium for a bronze-level health plan. The penalty for the first year starts at $95 per person and can rise to as much as 1 percent of annual income. The latest figure limits what the government can charge people using the personal income computation. The penalty is due when people file their 2014 taxes.

          What is a Health Care Reform Tax Penalty [Calculator]? Be aware that for 2014, the annual one-time tax penalty will be $95 per adult, or one percent of your total income, based on your income. For uninsured children in your family, the penalty is $47.50 per child, with a family maximum of $285 for the year. The annual penalty will increase each year.  For 2015, the annual penalty will increase to $325 per adult and $162.50 per child, with a maximum penalty of $975 per family (or roughly two percent of total income depending on family income). In 2016, the annual penalty will be $695 per adult and $347.50 per child, with a max of $2,085 per family, or about two and a half percent of total income depending on family income.

          Fourth of July barbecue costs sizzle after food prices rocket July 3, 2014 Ground beef costs about $4 a pound, 16% more than last year and 71% more than five years ago. Sirloin steak will set you back a steep $7.60 a pound thanks to higher feed costs and smaller cattle herds. Bacon-wrapped hot dog lovers will see a major bump in the price of America’s favorite salty meat. The cost of bacon increased more than any other meat, to $6.05 a pound, 50% more than in May 2010. Pork costs have risen in the wake of a virus that has killed 7 million piglets since May 2013.

          Corker’s gas tax proposal gets mixed reviews June 21, 2014 WASHINGTON – When Sen. Bob Corker proposed raising federal gas taxes this week, many around Capitol Hill couldn’t decide if he showed political courage or political overreach. Regardless, as Congress moves toward a summer debate over highway funding, Corker, R-Tenn., is drafting something most conservatives avoid at all costs — a tax bill. The Tennessee senator, along with Sen. Chris Murphy, D-Conn., wants the 18.4-cents per-gallon federal gasoline tax and the 24.4-cents per-gallon federal diesel tax to each increase by 12 cents over the next two years — and then be indexed to inflation. If the gasoline tax had been increased based on inflation since the last hike in 1993, it would stand at 30 cents now, about where Corker wants to put it.

          Grover Norquist: US Is ‘Abusively Taxing’ Overseas Citizens, Corporations 24 Jun 2014 Grover Norquist, president of Americans for Tax Reform, doesn’t have particularly high regard for U.S. tax policy as it concerns Americans who are overseas — both individuals and companies. The IRS is cracking down for taxes on individuals’ overseas income. And U.S. corporations face an income tax of up to 35 percent on foreign-earned money if they bring it back. The government is “abusively taxing” its citizens and corporations, Norquist told CNBC.

          RNC’s Reince Priebus: Abolish the IRS, ‘Rehaul’ Tax System 24 Jun 2014 “Unfortunately, none of that happens with a person in the White House who is actually more interested in a European style of government than the way that our country was drafted and led to be run by the Constitution,” he said. “So it’s going to be very difficult to do, and certainly with [Senate Majority Leader] Harry Reid on the other side of running the Senate, it makes it even harder.”

          Economics Prof.: Obamacare Will Make ‘Economy Smaller’ 25 Jun 2014 The Affordable Care Act will eventually push the United States into a new recession, says Dr. Casey Mulligan, a professor of economics at The University of Chicago. “Obamacare is going to eventually make the economy smaller,” Mulligan told “The Steve Malzberg Show” on Newsmax TV.

          Nasa-funded study: industrial civilisation headed for ‘irreversible collapse’? Mar 14, 2014 Currently, high levels of economic stratification are linked directly to overconsumption of resources, with “Elites” based largely in industrialised countries responsible for both: “… accumulated surplus is not evenly distributed throughout society, but rather has been controlled by an elite. The mass of the population, while producing the wealth, is only allocated a small portion of it by elites, usually at or just above subsistence levels.”

          LOUISVILLE, Ky. (WHAS11) — From the grocery store to the gas pumps Americans are spending more this year to celebrate the Fourth of July. Good Morning Kentuckiana’s Andy Treinen added up the numbers for your cookout, and your road trip in Thursday’s Consumer Watch. Click on the video player above.

          A book by Walmart founder Sam Walton is on sale at the Walmart Supercenter in Bentonville, Arkansas June 5, 2014. The Walmart Stores Inc. annual shareholder meeting takes place June 6, 2014. REUTERS/Rick Wilking (UNITED STATES – Tags: BUSINESS)

          A employee walks by a meat cooler in the grocery section of a Sam’s Club during a media tour in Bentonville, Arkansas June 5, 2014. The tour was part of Walmart Stores Inc. annual shareholder meeting. REUTERS/Rick Wilking (UNITED STATES – Tags: BUSINESS)

          2014-06-05T190116Z_1302471725_TM3EA65136201_RTRMADP_3_WALMART

          2014-06-05T181517Z_2117501988_TM3EA6511ED01_RTRMADP_3_WALMART

            Of the Putin Crimea Silver Coin

            2014-05-08T091744Z_1325947566_GM1EA581BP501_RTRMADP_3_RUSSIA

            SS: this is part two of my gold and silver update.. russia is celebrating their annexation of the crimea. of course they would because it is a HUGE strategic victory for them. the crimea is russia’s black sea port. without it their access to the black sea and the Mediterranean is crippled.

            SS: russia has announced that they no longer accept usd reserve currency to pay for their gas and oil resources, or their military hardware. they have announced that they will only accept their own currency the ruble for these things… and they have announced they are backing their ruble with their gold reserves. this was their response to the US and EU sanctions.

            SS: why is this a big deal ?? because the EU used to have to print more of their money to buy usd reserve currency to buy russian gas and oil. now they must buy russian rubles to buy gas and oil from russia.  countries that buy russian weapons hardware like india will now have to buy rubles instead of usd reserve currency to purchase russian weapons hardware.

            SS: if the other countries in the BRICS and SCO start to stop using the usd reserve currency this could have dramatic effects on the dollar. the life support of having countries like Belgium buy us treasury bonds might not be enough to keep the demand of the us dollar alive. it is rumored that china is making deals with other countries to settle their trades in their own currency the yuan. we are just now in the start of all this so we will have to see how this all plays out.

            Sanctions-hit Bank Rossiya shifts to rouble-only operations An action in support of bank Rossiya to take place in Moscow  March 30, 6:15 MOSCOW, March 30. /ITAR-TASS/. An action in support of bank Rossiya which has decided to work exclusively with the national currency will take place in Moscow on Sunday. The Golden Symbol of Russian Rouble installation in front of the bank’s office in Perevedensky pereulok in Moscow will symbolize the rouble’s stability and its backing by the country’s gold reserves, the action’s organizers explained to Itar-Tass. The action is designed to voice support for the Rossiya bank, which is creating a precedent and can make those who have initiated penalties against Russia to feel sorry about their decision.

            An employee of the “Oruzheinik” (Gunmaker) factory holds up a commemorative coin from the series “The Gatherer of Russian Lands”, which was minted to mark the recent accession of Crimea into the Russian Federation, in Zlatoust in the Chelyabinsk region, May 6, 2014. The bas-relief of Russian President Vladimir Putin and the map of Crimea cover the sides of the surface of the silver coin, which has a prime cost of about 10,000 roubles (about $2800). The coin is 12cm (4.72 inches) in diameter and weighs 1kg (2.2 pounds), according to the official website of the factory. The first item of the limited edition, which will include 25 coins, will be presented to Putin, according to local media. Picture taken May 6, 2014. REUTERS/Andrei Romanov (RUSSIA – Tags: BUSINESS COMMODITIES POLITICS)

            An employee of the “Oruzheinik” (Gunmaker) factory shows the back of a commemorative coin from the series “The Gatherer of Russian Lands”, which was minted to mark the recent accession of Crimea into the Russian Federation, in Zlatoust in the Chelyabinsk region, May 6, 2014. The bas-relief of Russian President Vladimir Putin and the map of Crimea cover the sides of the surface of the silver coin, which has a prime cost of about 10,000 roubles (about $2800). The coin is 12cm (4.72 inches) in diameter and weighs 1kg (2.2 pounds), according to the official website of the factory. The first item of the limited edition, which will include 25 coins, will be presented to Putin, according to local media. Picture taken May 6, 2014. REUTERS/Andrei Romanov (RUSSIA – Tags: BUSINESS COMMODITIES POLITICS)

            2014-05-08T091955Z_866007280_GM1EA581C0T01_RTRMADP_3_RUSSIA

              Of the Taper or Not Taper Gold Bars

              2014-05-05T083613Z_1007950001_LYNXMPEA4404L_RTROPTP_2_OZABS-UK-MARKETS-PRECIOUS

              2014-05-08T124557Z_1007950001_LYNXMPEA470DC_RTROPTP_2_OZABS-UK-MARKETS-PRECIOUS

              SS: i am doing a gold and silver update. some people have mistakenly called the gold and silver a bear market. this is not the truth. gold and silver is a manipulated depressed market. there is a big difference between these two things and the implications are also much different. and because it is manipulated means that people who are making predictions based upon common sense are wrong on the whim of the banks manipulated the prices.  don’t put your credibility on the line in a heavily manipulated market.

              SS: regarding the economy and the federal reserve tapering.. i asked the question will we taper or not taper.. well the answer is … drum roll … BOTH. its a trick. yes the federal reserve is tapering because they have about 4 trillion of junk on their books. BUT .. we now have learned that Belgium is now suddenly buying bunches and bunches of our junk. Belgium is the capital of the EU and they are picking up the slack by the federal reserve taper. how i am interpreting this new data is that with Belgium buying junk we might be able to stave the collapse for another 2 or 3 years .. Belgium might be able to buy 3 to 5 trillion in junk. only thing this really means is that we have a little more time to prepare which is maybe a good thing. see part two of my gold and silver update here .

              Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich March 3, 2014. REUTERS/Michael Dalder

              Gold bars are stacked at a safe deposit room of the ProAurum gold house in Munich March 6, 2014. REUTERS/Michael Dalder/Files

              The KCD open pit gold mine at the Kibali mining site in northeast Democratic Republic of Congo, May 1, 2014. The $2.5 billion gold mine, a joint venture between Randgold, AngloGold Ashanti and Congo’s state gold miner Sokimo, poured its first gold in September 2013 and has the potential to become one of the biggest in the world, transforming the economy of this forgotten corner of one of the world’s poorest and most conflict ridden countries. Picture taken May 1, 2014. REUTERS/Pete Jones (DEMOCRATIC REPUBLIC OF CONGO – Tags: BUSINESS COMMODITIES)

              2014-05-08T143818Z_1619469419_GM1EA581QMO01_RTRMADP_3_CONGODEMOCRATIC-KIBALI

                Of the ‘E Pluribus Unum’ Gold Coin

                ht_1787_brasher_gold_doubloon_coin_ss_jt_140111_ssh

                SS: these two coins are pre “in god we trust” coins .. these are “from the many are one” coins .. that was the original motto of the united states. it was in 1956 that this was changed . this of course was after the fed took over and started making our money worth less. i like the original motto because i am not a believer in the one god theory .. i believe in the multiple gods theory (egyptian, mayan, hindu) and in evolution in which a person can become more than what they are. “from the many are one” i think is regarding the beehive (really probably about the many states being one) . i think the cataclysm on mars proves my theory is more right. another life form will have it’s own source.

                SS: eventually our race might evolve through science and technology and realize that the martian life form had a separate source than ours and that while we live life we evolve and when we die we return to our source. well some do and some dont make it. and from the source we will live again tonight or in the case of a “TIME ZONE” ending will live again tomorrow night in the next “TIME ZONE” and world. i say world as distinct from a planet because a world to me is an animate with living beings. and when all life dies on a planet during a mantanvara ending then the planet is still here and will be here during the next manvantara just like mars is still here.

                SS: anyways that brings us to today and why is gold and silver hammered down ?? well i am going to tell you why. because the usa is facing a complete collapse soon and there are some people loading up the truck with gold and silver. that is because gold and silver is real money while the dollar is debt. i say a complete collapse because i no longer believe that we are facing just an economic collapse anymore due to our countries inability to respond to the ongoing mega-catastrophies of fukushima meltdown and the louisana sinkhole. our country at this moment is just not powerful enough to handle these catastrophes so they are ignored in hopes they will go away by themselves. that of course is another failed strategy.

                SS: the big banks are setting up for bail-ins. i am not even sure why they would waste their time to bail-in on something that really isn’t going to be worth anything soon. they did a big taper of 10 billion dollars from the 85 billion the fed was buying all the junk debt from the banks and the banks would spend these profits on stocks and i assume some smart ones bought gold and silver too. when they did the taper they had a key interest rate go up that controls how much we are paying on our debt.. i am not an economist but i can figure some this stuff out. if they cannot stop printing money then i think its pretty much game over for the economic recovery.

                SS: the lying about the economy and how we are recovering isnt going to be a successful strategy imo and i have been acting accordingly .. like the unemployment rate. we are not dumb we know that people can only collect unemployment for six months and that their are a ton more unemployed than they try to make us believe. and now we have a new tax with obamacare. that is more money that is removed from the economy. people are paying more for their insurance, some as much as $6k a year more.  i think bernanke got out because he knows whats up and whats going down. while yellen is the fall guy . i think it is a matter of what president will handle the collapse.

                SS: that just what i think about “the recovery” and the silver and gold smash phenomena to persuade people out of gold and silver until it’s too late when they wake up and the collapse is happening, bail-ins is happening, and gold and silver move upwards quickly leaving most unable to buy and physical unable to be found anywhere due to the shortages. there is a shortage, recently britian ran out of gold coins, the us mint keeps rationing, perth mint finally running low, and canada i think they have been low and rationing too. we all know britian’s vaults are full of tungsten and i hear the comex is running out of gold too. we are unable to pay the germans back their gold. it sounds like to me that china has a lot of the gold.

                E pluribus unum (/ˈiː ˈplʊərɨbəs ˈuːnəm/; Latin: [ˈeː ˈpluːrɪbʊs ˈuːnũː])—Latin for “Out of many, one”[1][2] (alternatively translated as “One out of many”[3] or “One from many”)[4]—is a phrase on the Seal of the United States, along with Annuit cœptis (Latin for “He approves (has approved) of the undertaking”) and Novus ordo seclorum, (Latin for “New Order of the Ages”) and adopted by an Act of Congress in 1782.[2] Never codified by law, E pluribus unum was considered a de facto motto of the United States[citation needed] until 1956 when the United States Congress passed an act (H. J. Resolution 396), adopting “In God We Trust” as the official motto.[5]

                A 1787 Brasher Gold Doubloon shown in this photo brings $4.58 million and 1913 Liberty Nickel, “The Hawaii Five-O Specimen” brings $3.29 million on Thursday, Jan. 9, 2014 at Heritage Auctions in Orlando, Fla. The two famous rare coins bring a combined $7.87+ million which is considered to be a record breaker (Heritage Auctions)

                A 1787 Brasher Gold Doubloon brings $4.58 million and 1913 Liberty Nickel, “The Hawaii Five-O Specimen” shown in this photo, brings $3.29 million on Thursday, Jan. 9, 2014 at Heritage Auctions in Orlando, Fla. The two famous rare coins bring a combined $7.87+ million which is considered to be a record breaker (Heritage Auctions)

                ht_1913_liberty_nickel_coin_ss_jt_140111_ssh

                  Of the Turkish Lira Money Changers

                  2013-09-17T131715Z_451617533_GM1E99H1N2C01_RTRMADP_3_TURKEY-RATES

                  “Now a certain sophist — for philosopher one cannot call him — tried to enunciate a magical law to the effect that the present standard of life was all that could be desired; that further progress would be harmful, that Venus was not worth attaining, and that the sole endeavour of the Magicians should be to preserve things as they were. That such a proposition could be supposed a “law” reflects no credit on its author or its supporters. Yet of these it found many.” – Liber Li by the A.’.A.’.

                  A money changer uses a machine to count Turkish liras in the border city of Hatay September 17, 2013. Turkey’s central bank held fire on any further steps to support the lira currency at its September meeting on Tuesday, keeping all interest rates on hold while also opting against changes to reserve requirements. REUTERS/Umit Bektas (TURKEY – Tags: BUSINESS)

                  A money changer sells U.S. dollars to a customer in the border city of Hatay September 17, 2013. Turkey’s central bank held fire on any further steps to support the lira currency at its September meeting on Tuesday, keeping all interest rates on hold while also opting against changes to reserve requirements. REUTERS/Umit Bektas (TURKEY – Tags: BUSINESS)

                  2013-09-17T131438Z_24022611_GM1E99H1MX801_RTRMADP_3_TURKEY-RATES

                    Of the “Coiled Hair Stella” Gold Coin

                    ht_coiled_hair_stella_nt_130925_ssh

                    A rare four dollar “Coiled Hair Stella” U.S. gold coin from 1880 was auctioned for $2.5 million at Bonhams in Los Angeles. It is made of six grams of pure gold. It was never released into circulation due to a lack of public support. (Bonhams)

                    Rare 1880 Stella coin makes 2.5 million dollars (USD) at auction. Rough Cut (no reporter narration). (Reuters)

                    Rare 1880 Stella coin makes 2.5 million dollars (USD) at auction. Rough Cut (no reporter narration). (Reuters)

                    1380001202355_864_21yvlqozrXbf1_2_0

                    2013-09-24T052707Z_1_LOVE98N0F56Q0_RTRMADP_BASEIMAGE-960X540_USA-RARE-COIN-ROUGH-CUT-O

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