H.R.25, A bill to repeal the income tax
Gesara.news » News » H.R.25, A bill to repeal the income taxNews Date: June 24, 2020
A BILL To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled.
I don't even look at gold bullion as an investment. I look at it as a store of value - as an alternative to cash.
I think gold is going to make a much bigger rise against these fiat currencies. But as an investment, I think investors should be at gold mining stocks. Fed is not winning a long-term game. They continue to print money, devalue the currency, and continue to essentially run the American currency into the ground.
Peter responded saying that just because blockchain technology has value doesn't mean bitcoin itself does.
Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
Trump is forcing the Federal Reserve to buy up all of the bad loans that are out there and own the debt under stocks through BlackRock's trading. This forces the Federal Reserve to hedge for the economy and not against.
If the Federal Reserve owns more than 15% of America's debt, it can play it safe and exit at any time, but if they owned, let's say 50%, their decision to keep this bad investment comes into play. Owning half of the largest economy's debt may force the Federal Reserve to either declare bankruptcy or ask to be bought out.
If China will be cut out of the SWIFT or denied access to US dollars, bank runs will be the new normal in China and the Chinese economy will suffer permanent damage.