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Fri, Oct 9, 2015 - 6:03am
Wy So Lo
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GOLD

Getting Jiggy With It $1155 usd $ 1578 aud

Fri, Oct 9, 2015 - 6:09am (Reply to #4543)
Wy So Lo
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KITCO CHARTS

Anyone else observe that the silver chart trails the gold chart timewise at kitco ?

Fri, Oct 9, 2015 - 7:49am
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Russia's Gazprom declines Turkey's request for 3 bcm of gas

Russia's Gazprom has declined to provide Turkey with an additional 3 billion cubic metres of gas via the existing Blue Stream pipeline, chief executive Alexei Miller said on Oct. 8.

However, at least 2 billion cubic metres could by shipped via the planned TurkStream pipeline, Miller said.

https://www.hurriyetdailynews.com/russias-gazprom-declines-turkeys-reque...

Fri, Oct 9, 2015 - 7:52am
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Iranian Revolutionary Guards say general killed in Syria

An Iranian Revolutionary Guards general has been killed near Aleppo, where he was advising the Syrian army on their battle against Islamic State of Iraq and the Levant (ISIL) fighters, the guards said in a statement on Oct. 9.

General Hussein Hamedani was killed late on Oct. 6, the statement said. Iran is the main regional ally of Syrian President Bashar al-Assad, and has provided military and economic support during Syria's four-year-old civil war. 

https://www.hurriyetdailynews.com/iranian-revolutionary-guards-say-gener...

Fri, Oct 9, 2015 - 9:08am
Hammer
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Anyone notice that Israel

Anyone notice that Israel just popped up with an oil find ? Can they get at it in real terms ? Ask an oil man. It may just be blowing smoke up our asses.

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Fri, Oct 9, 2015 - 9:31am
Hammer
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Third Quarter U.S. Mint Gold

Third Quarter U.S. Mint Gold Sales Eclipsed the entire First Half of 2015

https://www.universalcoin.com/buying-gold/metals-market-report.html

Demand for physical gold and silver was phenomenal in the third quarter, which ended last Wednesday. The number of Gold American Eagle ounces sold by the U.S. Mint rose 181% over the second quarter, while silver sales rose 47%. The Mint sold a total of 397,000 ounces of Gold American Eagles in the third quarter – or 45% more than the 273,000 ounces they sold in the first SIX months of 2015. 

The Mint sold 14,268,500 ounces of Silver American Eagle coins in the third quarter – a 29-year record high – vs. just 9,715,000 ounces sold in the second quarter of the year. This increase came about despite rationed sales in September. The Mint put a cap of one million ounces on sales in the first week of September, then 819,500 ounces in the second week and 750,000 the third week. Despite those limits in distribution – and a declining price in silver throughout the quarter – sales rose 47% in the last quarter.

Dealers continue to experience delays in delivery, but this can rebound to the benefit of rare or common-date numismatic coins. When customers see high premiums on bullion coins, they often see the benefit of accumulating numismatic coins, which many are available immediately at premiums not that far above the bullion-based American Eagle and other newly-minted coins from other global Mints – including the Royal Canadian Mint and Perth Mint – which are also experiencing high and rising investment demand.

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Fri, Oct 9, 2015 - 7:47pm
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Turkey’s first nuclear power plant project enters uncertain peri

Uncertainties are rising over controversial nuclear power plant project in Turkey’s Akkuyu, for which Russia has spent $3 billion so far, amid rows between Turkey and Russia over Syria. While the Russian side says the project’s financing is secured until 2017 and has maintained activities on the site a lack of required construction licenses, Turkish President Recep Tayyip Erdoğan’s recent comments about the issue have raised eyebrows. 


“If the Russians do not build Mersin Akkuyu, then somebody else will come and build it,” Erdoğan said late Oct. 6, en route to Tokyo, referring to a nuclear power plant to be built by Russia in Akkuyu of the Mersin province, based on an intergovernmental agreement between Moscow and Ankara. 

After these developments, several questions have been raised about what lies ahead for the project, which Russia has spent around $3 billion on, although the required licenses have not been issued yet. 

https://www.hurriyetdailynews.com/turkeys-first-nuclear-power-plant-proj...

Fri, Oct 9, 2015 - 7:49pm
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US starts to pull Patriot missiles from Turkey at critical time

The U.S. has started to pull its Patriot missiles stationed in Turkey, despite a recent appeal from Ankara to its NATO allies to keep the air and missile defense units at a delicate time on the border with Syria. 

Patriot missiles were initially deployed at the Gaziantep 5th Armored Brigade Command in southeastern Turkey after the country appealed to its NATO allies to guard against rockets from Syria. 

On Aug. 15, German Federal Ministry of Defense announced that it would end its contribution to the anti-missile mission in Turkey.

The announcement was followed by a statement from the U.S. on Aug. 16 saying it had informed the Turkish government that the mission, due to end in October, would not be renewed. 

https://www.hurriyetdailynews.com/us-starts-to-pull-patriot-missiles-fro...

Fri, Oct 9, 2015 - 7:53pm
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Greek bailout legislation due

The draft legislation containing the first batch of prior actions Greece has to pass as part of its third bailout is due to be submitted in Parliament with the aim of MPs voting on the bill by next Saturday, the government said Friday.

Government spokesperson Olga Gerovasili said that the legislation would be crammed into a multi-bill consisting of several articles, not just one, as some SYRIZA MPs had feared and had already begun expressing objections about.

Gerovasili added that the “urgent” rather than “emergency” parliamentary procedure would be followed, allowing MPs ample time to debate the measures, which relate to the product market, tackling tax evasion, medicines pricing, the natural gas market and banking regulations. “Every party will have a chance to express an opinion about what it considers positive and what it considers negative and to adopt a specific position on what it supports and what it does not support,” Gerovasili told Kokkino FM.

She suggested that it would be surprising if New Democracy, PASOK and Potami oppose measures which they had essentially approved when they decided to back the third bailout during the summer.

https://www.ekathimerini.com/202380/article/ekathimerini/news/bill-with-...

Fri, Oct 9, 2015 - 7:55pm
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Greece will tap more debtors’ accounts, salaries and pensions

Tax authorities will start tapping many more state debtors’ salaries, pensions and benefits as of November 1.

A circular issued on Friday by the general secretary for public revenues, Katerina Savvaidou, provides for the lowering of the level beneath which salaries and pensions are protected from 1,500 to 1,000 euros, in line with the new bailout agreement.

The circular dictates that the state can confiscate up to 50 percent of salaries, pensions and benefits of between 1,000 and 1,500 euros for expired debts, and the entire amount if that is in excess of 1,500 euros.

The level beneath which bank deposits are protected has also been lowered from 1,500 to 1,250 euros per account holder per bank.

https://www.ekathimerini.com/202383/article/ekathimerini/business/state-...

Fri, Oct 9, 2015 - 7:58pm
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Gold rebounds on seasonal buying amid global firmness

MUMBAI: Gold prices rose modestly after brief overnight fall at the domestic bullion market here today due to increased offtake from jewellery traders and stockists largely supported by buoyant overseas sentiment.

Elsewhere, silver also recouped smartly on the back of heavy industrial demand triggered by global commodity rally.

Globally, the shiny metal shot-up to more than two week high on heavy investors buying on expectations that the Federal Reserve will keep interest rates at a record low for long period after FOMC minutes reiterate its stance that the upcoming rate hike will be data driven amid low inflation concerns.

Resurfacing of geo-political worries in the wake of Russia's military actions in Syria and also gushing crude oil prices, providing much needed uplift.

https://economictimes.indiatimes.com/markets/commodities/gold-rebounds-o...

Fri, Oct 9, 2015 - 8:00pm
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China exchanges eye increased monitoring of automated trading

BEIJING: China on Friday issued draft regulations governing automated stock trading on three exchanges, including the adoption of a net daily purchase quota for some securities, in an effort to prevent a repeat of the turmoil that roiled markets this summer.


China's securities regulator, the Shanghai and Shenzhen stock exchanges and the Shanghai Futures Exchange all issued statements saying they would closely scrutinize high-frequency traders, defined as those who make and subsequently cancel a market order within a second more than three times a day, among other criteria.

Shaken by wild swings that wiped out 40 percent of the stock market's value in weeks, the China Securities Regulatory Commission (CSRC) pledged in July to step up scrutiny of automated trading along with other "malicious" market tactics.

Stocks subject to high-frequency trading could be halted, the CSRC said in the draft regulations issued on Friday.

https://economictimes.indiatimes.com/markets/stocks/news/china-exchanges...

Fri, Oct 9, 2015 - 9:35pm (Reply to #4541)
Spartacus Rex
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@ flyinkel

flyinkel wrote:

I have followed your posts on what is a real dollar, so it is not lack of effort but concern that keeps me from pursuing it further. No matter how technically correct you are in your filings, the IRS is there to ensure you fill it out "their way" with unlimited USD to hound, harass, and take you to court. There is no guarantee that any judge hearing your case is not corrupt to the core. So Joe Average is not a highly trained attorney and could easily get taken to the cleaners simply paying for the case that is sure to come, losing everything he has in the process. This isn't fear speaking it is experience from my past dealings with the courts, and prosecutors, and attorneys...

Knowledge is Infinite, Mortal Life is not.

There are potentially countless things of which I may be personally ignorant of, however on those matters of which I make the decision to choose to speak about, there is zero room available for any ignorance whereby to dwell, unlike that routinely displayed by other members here. (and limitless other places on the Internet and especially concerning this particular subject matter. )

The Internet is filled with two-bit Paytriot for Profit gurus attempting to sell (for X amount of Bux) and/or b.s. the naive with the latest New & Improved “Silver Bullet Remedy”

whereby said individuals accomplish nothing other than misery for their purchase, and even those “gurus” wind up behind bars as convicted felons, ala: Peter Schiff's dad Irwin; Pete “Cracking the Code” Hendrickson; Larkin “ 861 Argument” Rose,; Lindsay “ Paperwork Reduction Act” Springer, Eddie Kahn, as well as countless “Individual Master Code” decoding Scam Artists /and pathetic Promoters of “NOT LEGAL ADVICE” Seminars, etc., etc., ad nauseum.

Do you imagine that any of these charlatans would give as much as a rat's a** as to what eventually happens to their Marks/ Victims, or has actually indeed as well, ever prevailed against a sitting U.S. Treasury Sec'y and U.S. Atty General in an actual Court of Law?

Fat Chance!

(Actually, between Slim and None, and Slim left town decades ago.)

However, that is not to give you the impression that such is impossible, let alone anything other than incredibly simple to indeed actually prevail in the matter. All it requires, is the desire, drive and willingness to perform the necessary due diligence to actually learn and thereby grasp the simple, yet necessary subject matter material in order to cite and source the prevailing points and authorities, versus simply standing there like an idiot, twisting in the wind, when the opposing party invariably attempts to throw any curve balls, and one is merely left stammering with:

Well, I saw/ came across this on the Internet” or “I heard this from someone, somewhere.”

Re: “There is no guarantee that any judge hearing your case is not corrupt to the core.

You got that right, the judge attempting to hear my case was so corrupt (not to mention, incompetent) he made Al Capone look like a choir boy.

However, when one has indeed performed their due diligence, thus comprehends the subject matter, they quickly realize that your above concern simply doesn't matter, and that is when all of the fun jumps over to your side of the scales, and believe it, you can enjoy a whole lot of fun once they realize their sorry a**es are TRAPPED!

If you do not grasp why U.S. Statutory Law trumps anywhere and everywhere in the U.S., I suggest that you obtain a copy of the U.S. Constitution, and continuously read Article VI Clause 2 therein, until you fully grasp what constitutes as “supreme Law of the Land” in these United States, and if by chance after you have done so, if you still need assistance in comprehending that part, I will direct you to the U.S. Supreme Ct case, and explain to you why, whereby Such had explicitly expressed therein “We are not allowed to say so...” (i.e. because the Law already addressed the issue, ergo, end of story, Case Closed! Duh!)

Keep in mind flyinkel, that Law is not actually that complicated, nor was ever intended to be so, otherwise laws would be constantly winding up as Void for Vagueness, ergo,

Ignorance of the law excuses no one” / “Ignorance of the law is no excuse”.

And as that applies to each and every Citizen in this Republic, you can bet your a**, it applies In Spades to every Public Fiduciary / Public Servant from POTUS all the way down to local Dogcatcher.

However when the overwhelming majority of the population has been so thoroughly dumbed down, including those who have attended Law School (ergo why decades ago, U.S. Supreme Ct. Chief Justice Burger publicly stated that 50% of attorneys in the U.S., were incompetent, and trust me, the percentage has not improved since then) it should not come as any surprise to you why these bastards seemingly can get away with anything, since there is indeed a massive shortage of those Citizens willing to educate themselves so as to be competent, thus capable of attaching Personal Liahility to same, and holding these clowns accountable whenever they have been personally aggrieved by same.

Re: “This isn't fear speaking...”

I believe the operative word you used above was “concern” flyinkel.

Fear on the other hand, is borne out of Ignorance, so are a whole lot of Bull Sh*t theories.

As George Santayana puts it:

Theory helps us to bear our ignorance of facts.”

Have a great weekend! laugh

Cheers,

S. Rex

Fri, Oct 9, 2015 - 11:48pm (Reply to #4540)
HappyNow
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Spartacus Rex wrote:I am not

Spartacus Rex wrote:

I am not certain as to what it is exactly that you are supposedly apologizing for, nor am I sure what the point is that you are trying to make, since I fail to see how such is germane to the present day matter/s which were being discussed. ( i.e. Blew by me. laugh )

Poor choices of words on my part. I am sorry that we don't move along in closer agreement because it would make some of the discussion easier if we did.

I don't buy in to many of the quotes you used in the context of paying/not paying taxes and fear of outcome because of the people who said them. This is connected with the sayer/writer also presiding over or in large ways contributing to some events that I consider reprehensible and acting in ways I consider bullying. The consequences to the victims were extreme.

In the end it reinforces my desire to comply rather than lose more. Which is, I know, not what you intended and I regret to tell you so.

Spartacus Rex wrote:

You write: “...So I pay my taxes.

In response, I pay (certain) taxes as well. 

Perhaps the key difference between us, is that I actually, fully comprehend the difference between what is an actual and legitimate tax liability incurred, thus being levied properly, versus merely presuming such to be “my taxes” / “fair share” / liability. laugh

Just curious Happy, have you bothered to take the time and actually read for yourself any of the Revenue Acts beginning in the 20th Century?

I am not sure what percentage has done so up in Canuckistan, however here shockingly, 

well over 95% of the U.S. Population have not, therefore it is quite easy to be bluffed by “bullies”, just as it is to be conned by the multitude of two-bit charlatans and PaytriotForProfit gurus trolling the Internet looking for pigeons to clip.

Furthermore, since U.S. Statutory Law not only defines the Official Unit of Measure / Official Unit of Account in these United States, it also MANDATES that such shall be used.

Ergo, I have no difficulty going into any Market whatsoever or use any prevailing currency therein, anymore than if I walked into any casino in Nevada, and when I am finished for the day, just like at any casino, I know enough to stop by the Cashier's Window and Redeem those chips, tokens, currency, when I am ready to exit.

I sure as hell am not naive enough to hold onto same, much less count such as actual U.S. Dollars, let alone write same beyond where the $ appears on any tax form, and then stupidly sign such form “Under Penalties of Perjury” for crying out loud.

Just in case you missed it in my response to little z:

"Federal Reserve Notes are not dollars."

RUSSELL L.MUNK, former Assistant General Counsel, Department of the Treasury

Here's a real good one that everyone should let sink in:

The main purpose of the stock market is to make fools of as many men as possible.”

Bernard Baruch

It wouldn't hurt to let Proverbs 4:7 to sink in as well, and learn to appreciate what is expressed in Proverbs 13:20

Cheers,

S. Rex

OK now this, to me, is some of the best information you've given. Thanks for getting off your high horse to do it.

No, I have not read any Revenue Act at any time.

I have read the Bible. And I definitely walk in different company as a result. Render unto Caesar (etc.) comes to mind in the tax context.

But in the context of the advice you are giving the proverbs quotes are on the money, as they say.

You guess I am Canadian. I guess you are a Mason.

That aside, if I am getting this right then I infer from all you've said as follows: the BS taxes are applied to FRN and the legit taxes to dollars. Therefore by understanding your income in dollars you may understand the genuine/legitimate/necessary tax due. Please tell me I'm close and save me at least some of that reading. Or is this the part where I send you $20 to unlock the secret ;-)

Do you think Al Capone would have stayed out of jail if he had used those statutes correctly?

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Sat, Oct 10, 2015 - 7:22am (Reply to #4556)
Spartacus Rex
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HappyNow wrote: ...I am sorry

HappyNow wrote:

...I am sorry that we don't move along in closer agreement because it would make some of the discussion easier if we did.

Well Slugger, Truth doesn't necessarily come by a Teacher of our own choosing, and ours is not to question why.

Therefore if, for whatever reason, where ever I tend to come across same, should any limits of my own perception cause such to come across to me as being either in Hindu, Swahili, or even nails on a chalkboard, I try my hardest to suck it up and adapt until it finally begins to sound like poetry to my ears. But that is just me. laugh

I don't buy in to many of the quotes you used in the context of paying/not paying taxes and fear of outcome because of the people who said them. This is connected with the sayer/writer also presiding over or in large ways contributing to some events that I consider reprehensible and acting in ways I consider bullying. The consequences to the victims were extreme.

Aha. If I may suggest perhaps, consider letting go of the baggage / burden of passing judgment on water which already has long since went under the bridge Centuries ago, and instead focus on eliminating by 100% any potentially harbored current misconceptions, presumptions, and/or possible proclivity to engage in expedited summary judgment ?

BTW & FYI, re: 

Talk about wanting the crop without plowing the land. For all the lovely and noble talk they acted as bullies when it served them well.”

Those particular words which you chose to use as your example, came from Frederick Douglass.

Are you remotely familiar with his life at all?

Ergo, proper Context goes far in elevating any Understanding of Others, correct?

In the end it reinforces my desire to comply rather than lose more. Which is, I know, not what you intended and I regret to tell you so.

May I suggest that perhaps the true regret will not result from you telling me or any other mortal, but rather in trying to explain that lack of Faith to your Creator when you eventually stand before Same.

Spartacus Rex wrote:

(Snipped for brevity sake )

"Federal Reserve Notes are not dollars."

RUSSELL L.MUNK, former Assistant General Counsel, Department of the Treasury

Here's a real good one that everyone should let sink in:

“The main purpose of the stock market is to make fools of as many men as possible.”

Bernard Baruch

It wouldn't hurt to let Proverbs 4:7 to sink in as well, and learn to appreciate what is expressed in Proverbs 13:20

Cheers,

S. Rex

OK now this, to me, is some of the best information you've given. Thanks for getting off your high horse to do it.

Uh, High horse? 

Regardless of your presently held perceptions, some might find that particular one just a bit hypocritically “high horse” given your previous assumptions concerning “the general public”, which nevertheless are 'Created in HIS image', and HE is not an idiot.

But who are we to judge, right?

Perhaps you may want to try and grasp the critical difference between ignorance merely resulting from misguided Trust, versus the willful, arrogant type exhibited by those attempting to puff up their egos, even though they don't have a clue as to what in hell they are even talking about.

No, I have not read any Revenue Act at any time.

Would you agree then, that such might contribute to the lack of One being able to grasp the proper CONTEXT therein?

I have read the Bible. And I definitely walk in different company as a result.

I am glad to know that. Keep in mind however, “reading” and fully grasping the Context conveyed thereby, are not necessarily one and the same.

Render unto Caesar (etc.) comes to mind in the tax context.

(See immediately above) Somehow, it is inexplicable that two millennia later, so-called “believers” cannot grasp that one correctly. Thus there are going to be a whole lot of “Shepherds” with some serious accountability and answering to their Maker.

So that you may have the opportunity to properly grasp same in this particular day and age:

It is the People, themselves, in this Union Republic, which possess the Status of “Caesar”;

However, at that particular time, when the Sanctimonious, Holier Than Thou, Status Quo (Pharisees & Herodians) hypocrites desired to stir up controversy and entrap our Saviour, they asked Jesus Christ if it were indeed: “lawful to pay taxes to Caesar?”

Yet, our Saviour, instinctively recognizing their motive as well as their hypocrisy, eloquently, and expertly, “turned the tables” so to speak, and thus exposed and trapped them!

And yet the faithless “believers” today still cannot grasp and comprehend how it was actually accomplished. Here it is:

Old Covenant “believers” who were indeed faithful, were forbidden to possess objects bearing graven images, such as coins bearing the likeness of Caesar, and were instead only to keep and use shekels, thus when our Saviour asked the hypocrites to produce the “tribute money”, the Truth of the Matter, and the Pharisees own sanctimonious hypocrisy, were exposed, and thus made explicitly “Self-Evident” to the Faithful.

Ergo, when those Pharisees finally caught on / experienced that 'Oh Sh*t!!!' realization, they simply STHU, and got out of there, and marveled at the sheer genius exhibited by our Saviour. laugh

But in the context of the advice you are giving the proverbs quotes are on the money, as they say.

You guess I am Canadian.

Actually no “guessing”, assumptions or presumptions of Nationality involved.

I am simply compelled by habit to perform Due Diligence, and give you the benefit of the doubt concerning your Location.

HappyNow

HappyNow's picture

Location

Canada

https://www.tfmetalsreport.com/users/happynow

I guess you are a Mason.

Why? Do you have anything against the Knights of Columbus? LOL laugh

That aside, if I am getting this right then I infer from all you've said as follows: the BS taxes are applied to FRN and the legit taxes to dollars. 

Wrong. First, there are indeed many instances whereby the “Income Tax” (Excise levied upon “Income” ie “Profits / Gains, DERIVED” versus the mistaken belief that such is actually being levied upon the Person “directly”) is actually wholly legitimate.

It is simply that the IRS is by far, misapplying same (thus illegitimately) simply because it is considerably and immensely far more profitable to the Banksters and the fed gov't to do so.

Furthermore, since the Populace has been duped into accepting that FRN IOU Debt Obligations are indeed actual Dollars / $ themselves, or otherwise a FULL FACE VALUE equivalent of Same, the present day Banksters' ponzied fiat scam, becomes far more profitable to them, on a scale of incredulous magnitude.

Hello?

Therefore by understanding your income in dollars you may understand the genuine/legitimate/necessary tax due. Please tell me I'm close and save me at least some of that reading.

Congratulations, that is almost entirely correct. However, do not overlook the importance of grasping what the actual, lawful definition of the “Term”:Income” actually is and means, so that you might finally wake up and surmise why such is thus deliberately not actually found in the Internal Revenue Code itself.

(HINT: They're Sneaky Bastards!)

Or is this the part where I send you $20 to unlock the secret ;-)

No, this is the part where you should and go back and review what Proverbs 23:23 commands about “selling”, and realize that I do not own or hold the patent on either Truth or Wisdom, as those only come from ONE Source.

Nevertheless should you insist, there is no shortage of “gurus” on the Internet presuming they indeed know the straight and narrow path out of the minefield, who will gladly accept your fiat for their presumably sage advice. laughlaughlaugh

Otherwise simply contemplate 1 John 4:6, accept it, thank your Creator, and be willing to actually Learn it in order to Earn it, whereby should the modern day Herodians and Pharisees ever attempt to make you stand before them, you too will be able to actually walk the walk, turn the tables, and trap them, versus merely attempting to bluff your (bought for mere Bux) way out of their Dog & Pony Tribunal Show, which only serves to hand them a false victory which they will invariably tout far and wide, so that they might keep others in fear and bondage.

Do you think Al Capone would have stayed out of jail if he had used those statutes correctly?

Interesting that you should bring up that particular case, given that Al Capone and his brother were among the earliest of Americans to face “Tax Evasion” charges back way back in the early 1930's

Although Al Capone was a shrewd “business man” per se, he was not all that bright, even worse, his incompetent attorney was no better, and even though the mistakes made in that particular case indeed made such reversible, however 'It's too late now!' laugh

Two things to keep in mind in order to understand proper context thereof:

Al Capone's major source of revenue came from bootlegging/ illegal importation of alcohol from Canada, and while some might presume that with the ratification of 18th Amendment, either the Excise Taxes levied upon Alcohol under Title 27 were automatically repealed, and /or any Profits or Gains derived thereby, thus taxable under Title 26 were somehow thus exempt from any such endeavors carried out by any individual or business which nevertheless chose to ignore the 18th Amendment, however such presumptions would indeed be in error;

At that time, not only did actual Lawful Money gold and silver Coins circulate freely in the economy, so did Gold and Silver Certificates, U.S. Notes, National Banknotes, and FRNs as well, and paper currency was immediately redeemable into Lawful Money on demand by the bearer of same, at FULL FACE VALUE!

Now, any confusion still, or otherwise inability to properly grasp the difference between then and now?


Have a great weekend Slugger!

Cheers,

S. Rex

Sat, Oct 10, 2015 - 9:31am
HappyNow
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SRex,I'm  heading out for a

SRex,

I'm heading out for a bit and won't be reading or posting. Good stuff up there.

I do want to make one thing clear right now. When I said Joe Public "can't understand the implication of something as simple as a sub-prime mortgage with a built in rate hike without a matching wage hike how will they wrap their minds around the FRN IOU?" I did not choose words carefully. That happens a lot when I post here because when I post here it's typically just before I go to bed and I get sloppy.

I meant to say did not, against their own interest, rather than can not. I don't know if they were uneducated, didn't read the contract, were unwise etc. I don't think they were or are idiots. I do think they were keen to get hands on a house and prone to spending more time on the freedom side than on the responsibility side. I do think that reading contracts, laws, statutes and further comprehending them is not something the general public is set up well to do in the first place and in my experience most people do not find it interesting. FWIW I often take the time to read twice a document that requires my signature and am regularly teased about same. This is relevant to my opinion that they won't wrap their minds around the FRN IOU.

Swing trade indexed ETFs. Long physical gold, silver, and 1 miner.
Sat, Oct 10, 2015 - 10:29am
Hammer
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Once the Biggest Buyer, China

Once the Biggest Buyer, China Starts Dumping U.S. Government Debt

Shift in Treasury holdings is latest symptom of emerging-market slowdown hitting global economy

By

Min Zeng and

Lingling Wei

Oct. 7, 2015 1:34 a.m. ET

Central banks around the world are selling U.S. government bonds at the fastest pace on record, the most dramatic shift in the $12.8 trillion Treasury market since the financial crisis.

https://www.wsj.com/articles/once-the-biggest-buyer-china-starts-dumping...

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Sun, Oct 11, 2015 - 3:51am
Hammer
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http://newyorkfed.org/markets

https://newyorkfed.org/markets/expanded_counterparties.html

oh and markets closed in Japan Monday for a national holiday

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Sun, Oct 11, 2015 - 4:00am
Hammer
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I know this is just a gammy

I know this is just a gammy ole coin but there is something about one of the gabillions of Libertads from 1983 that just says, "Yes, I am a good looking coin" and it has a smaller diameter and is chunkier than the newer ones. I couldn't help but pick it up a few months ago when I saw it.

1983 Silver Mexican Libertad
"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
Sun, Oct 11, 2015 - 4:35am
Hammer
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FACEBOOK gave its British

FACEBOOK gave its British staff an average of more than £210,000 in pay and bonuses last year — and paid less than £5,000 in corporation tax.

The social network giant lavished shares worth £35.4m on its 362 London staff, pushing its British division into an accounting loss of £28.5m last year, according to accounts for Facebook UK Limited.

Its widening losses allowed Facebook to minimise its corporation tax bill in Britain, which is one of the American giant’s biggest and most profitable overseas markets.

It paid the taxman just £4,327 over the period — substantially less than HM Revenue and Customs collects from the typical British worker. A single person earning £26,500 — the average UK wage — generates £3,180 in income tax and £2,213 in national insurance.

https://www.thesundaytimes.co.uk/sto/business/Tech_and_Media/article1617...

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 WTF ! Now you tell us !!!
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