Better get your money changed pretty soon - currency controls on the way for sure now. Also need to figure out how to make money in the local currency if you are living in another country. Just about all the PPC and CPA networks are US based.
ABANDON SHIP! BRICS Just signed agreement to destroy the USD.
- Thread starter lukep
- Start date
Better get your money changed pretty soon - currency controls on the way for sure now. Also need to figure out how to make money in the local currency if you are living in another country. Just about all the PPC and CPA networks are US based.
Using privately issued currency. The way it used to be in the early history of the US.
Competing currencies are illegal. So you couldn't go around buying goods or services with silver.
They would need to legalize competing currencies and get rid of capital gains taxes on precious metals.
Guys this is just simply the start of HYPER INFLATION. Be prepared, food, gas and anything that's imported is going to rocket in price. Everything is based on oil. You can't import goods to the USA without using gas so that makes EVERY SINGLE method of transport go up in price as the GAS price rises.
Hate to break it to you guys, but it's perfectly legal to buy and sell goods with private currencies. Laws have been on the books for the past 100+ years to allow you to do this. The only problem starts to occur when you do it regularly that the government wants to make sure you count it as income. Sure , that sucks, but if you want to be above board and perfectly legal you can do it.
The form the IRS issues for non USD transactions inside the US is the 1099-b [ame="http://video.google.com/videoplay?docid=6312864596613878002"][/ame] and you're required to use it for transactions on a yearly basis over $600 or so. There is one brokerage out there that has over 50 million dollars of goods (Services & physical goods) for sale. No government clamping down, no issues.
The reason everyone and their brother says that it is illegal in the US is due to the fiasco with the liberty currency. And as someone who trades/buys silver I can fully understand the government's reasoning for shutting them down. I don't agree with the asset seizure, but it was quite obvious for anyone overly knowledgable about US currency that they were doing something borderline illegal by issuing currency near-identical to official US currency in the eyes of the general public.
The form the IRS issues for non USD transactions inside the US is the 1099-b [ame="http://video.google.com/videoplay?docid=6312864596613878002"][/ame] and you're required to use it for transactions on a yearly basis over $600 or so. There is one brokerage out there that has over 50 million dollars of goods (Services & physical goods) for sale. No government clamping down, no issues.
The reason everyone and their brother says that it is illegal in the US is due to the fiasco with the liberty currency. And as someone who trades/buys silver I can fully understand the government's reasoning for shutting them down. I don't agree with the asset seizure, but it was quite obvious for anyone overly knowledgable about US currency that they were doing something borderline illegal by issuing currency near-identical to official US currency in the eyes of the general public.
Rare, but I agree with most of the things Luke is saying. I dont know if you guys have been watching those doomsday prepper shows, but i've been heavily into that. It first started with me seeing mass integration and with my ideals, knowing it couldnt work. Then with the massive boost in gas prices in the past 10 years, I know that there's no where to go but up (in regards to oil costs). The fact of the matter is, oil controls our lives. Everything you're touching, wearing, eating, everything you see practically is trucked here on trucks (oil). Unless the government invests in new ways of energy, we're F...U...C...K...E...D.
I could honestly give a fuck if the shit hits the fan. In fact, If the lights turned off due to solar flares and the electrical grid went down, a nuclear explosion with nuclear fallout, the fall of the US Dollar, excessive oil costs resulting in hard living - fuck it. I've been stock piling for years on end. Now normally you wouldnt tell people this (because you would be target one); but no one here knows who the fuck i am so I dont care.
I just hope you guys have been putting your internet monies to not only rinse / repeat methods, but towards guns, ammos, food, rural homes, hunting equipt, water treatments, living off the land, antibiotics, medications, and another 1,000 things I could list.
If you havent done it and you could spare 10grand, get to the spending. I bought 2 more ar-15s 9fully stripped lowers) and a new gen 2+ ATN trident 2 night vision last week alone
88
Nice job Obama after this succeeds it won't take long for the rest of the world to say fuck the dollar and white other countries beginning to contemplate this the US will feel like they are backed into a corner and do what they know best and start a war but this won't be like Iraq it's going to be WW3. The good news is with the latest presidential
Order the Us will be able to draft all it's Citizens and horde all their resources
Order the Us will be able to draft all it's Citizens and horde all their resources
Yeah, I think you are correct. Technically, issuance of private currency is legal. It's just that the US gov always finds a way to shut it down. It gets complicated if you plan to back it with something like gold since any exchange of gold has tax implications so they will find a way to use that to shut you down.
It does seem like this could be the tipping point. The US successfully killed other potential tipping points by military invasion (African gold dinar for example) but they can't do that to the BRICS. It will be interesting to see if other countries abandon the dollar and join these new banking arrangements, and if that turns into an avalanche.
You guys seriously need to buy my ebook at 160mpg.com and sell it to all the people out there like Luke.
95 cents a gallon is what you can make your own fuel for............That's less than one dollar a gallon.
95 cents a gallon is what you can make your own fuel for............That's less than one dollar a gallon.
Local currencies are perfectly legal, provided you also accept Federal reserve notes. The Berkshares are the most successful example I'm aware of.
Bitcoins lol. Currency based on... nothing.
Considering that the US is always at war/close to a panic I would say they made a smart choice.
Perhaps now you can see how much of a propaganda machine the MSM is. They simply work for the establishment, and the establishment doesn't want their murikans to know about this.
...And since the BBC isn't covering it either, I'd say the MSM represents the whole west, not just muricka.
Lol, interestingly enough you're actually correct, and for this reason it may be pretty safe to say that no world government would want to get behind the bitcoin.
Jebus Nick. Why am I not surprised?
Alright, when I said it was "Illegal" to create a competing currency, I misspoke a tiny bit. The USA may still define it as Legal, if I'm not mistaken, however it is clearly IMPOSSIBLE to create a competing currency due to other tax-related laws here... So it won't be the creation of currency that gets you thrown in jail, it will be evading taxes that does it.
Here's a clip of Ron Paul and Ben Bernake discussing this just 1 month ago: (Skip to 5:42 for the good stuff)
[ame="http://www.youtube.com/watch?v=LXAPRi3E-OE"]http://www.youtube.com/watch?v=LXAPRi3E-OE[/ame]
Paul actually uses the word Illegal in there somewhere, so I was pretty much parroting him. Note that Bernake doesn't say it is legal.
Or just move to Thailand?
But just in case it gets that bad for most americans, is there a well-tested list out there of what you should buy to survive a real financial crisis if you only have 10K and see it coming? A real list of X number of bullets, X number of canned beans, etc..?
Damn! well our world reserve currency may just go up in smoke after all. Shit about to get real up in here!
