Saving for the collapse.

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They all laughed at Christopher Columbus

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When he said the world was round;

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They all laughed when Edison recorded sound;

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They all laughed at Wilbur and his brother

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When they said that man could fly;

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They told Mar - co - ni wire-less was a pho - ney --

E7 F#7 G7 F#7 E7 EM7 A7/9 A A7
It's the same old cry. They laughed at me wan - ting you,

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Said I was reach - ing for the moon;

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But oh, you came through -- now they'll have to change their tune.

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They all said we nev - er could be hap - py;

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They laughed at us, and how.

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But ho - ho - ho, who's got the last laugh now?


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They all laughed at Rock - e - fel - ler Cen - ter,

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Now they're fight - ting to get in;

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They all laughed at Whit - ney and his cot - ton gin.

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They all laughed at Ful - ton and his steam boat,

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Her - shey and his choc - 'late bar;

E C#m7-5 B7
Ford and his Liz - zie kept laugh - ers bu - sy,

E7 F#7 G7 F#7 E7 EM7 A7/9 A A7
That's how peo - ple are. They laughed at me want - ing you,

A6 C#7 F#7
Said it would be hel - lo, good - bye;

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But oh, you came through -- now they're eating hum - ble pie.

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They all said we'd nev - er get to - geth - er;

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Dar - ling, let's take a bow,

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For ho - ho - ho, who's got the last laugh,

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He - he - he, let's at the past laugh,

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Ha - ha - ha, who's got the last laugh now?:whistle:

 

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I can see this thread is digressing fast...

Anyways...

During Colonial, Early American, and Pre-Federal times, most day-to-day transactions were conducted using [bartering or] coinages of copper and alloys like Bath metal. Obviously gold coinage existed, but the average 'Joe' farmer didn't use gold coinage in his everyday transactions. If 'Joe' didn't use copper, he would be more inclined to barter before using one of his gold coins - if indeed he had any.

Once the U.S. was established, and later actually began minting coinage, millions of coppers were minted and used.

 

I'll tell ya whats getting to become very popular in my area right now, trading work... And to tell you the truth people are quite happy with that. No $$$ exchanging hands...

 

Believe it or not, that's called "imputed income" and taxable. We gotta get rid of the IRS...they're a modern day gestapo. :hammer:

We ought to give the Fair Tax a try...we could have a 10 year transition period and pull back if it doens't work...it's worth a try.

 

That's not quite right. Imputed income is basically some cost associated with some benefit via an employer to the employee. Example...an employer has a food cafeteria that the employee benefits from thus supposedly has a value assigned to it that the employee receives. It creatively places a dollar amount on that particular supposed benefit. It isn't taxable but is listed on a W-2.

Basically it's a fancy book keeping trick/tactic an employer can dress up the books with, making it look like an expense. Makes their stock look more valuable and provides a haven to fudge numbers. You can thank corporate America and the magic of stock market illusions. The government recognizes it because they're blanket deep in bed with the corporations.

You have income because you have a cafeteria at work. You didn't know that?? Next will be the associated book keeping shuffle of the toilet, then the air they provide. You now are a well compensated employee because you are allowed to breathe employer's air and use their toilet. On paper, to the stockholders and creative book keepers, you're getting compensation, just not in the form of cash. Isn't that wonderful??

Remember...it's just business. Next you'll be charged for kind words thrown your way. All compliments of Corporate America, CEO's and the Wall street casinos.
Enjoy and remember to support the republican party.

 

I am not really making fun,if then much more at myself then you. See i have guns,ammo,food,h2o....ect stocked up not in gross amounts but more so then the average bear i think its called being prepared? PM are just part of that for me.

 

LOL! Actually there are four (4) areas where the IRS currently collects tax on imputed income (non-monetary income). I'm not an accountant so I'm going on memory, but as I recall, one taxable event has to do with domestic partnerships and there's another that has to do with divorce...don't remember the others.

Over half of European contries tax imputed income on real estate. In 1994, the Dems proposed taxing imputed income on real estate, also. It died after the GOP took over Congress in 1995.

The way imputed income works is that there would be two (2) taxable events associated with real estate...

1. Capital gains resulting from the sale of a house (I'm not sure what the current law is on this)

2. Annually, the imputed income derived from the "use" of the house.

For instance, you buy a house and your monthly payment is $1000 and it would cost $1000 to rent a similar house in your neighborhood...the "imputed income" is zero (0).

If after 10 years, your payment is still $1000, but the rental market rate is now $2000 for a similar rental in your neighborhood. The difference is $1000 and you now have an annual "imputed income" of $12,000 (12 x $1000). That $12,000 is added to your gross income.

If you choose to rent out your house, you would pay capital gains on the net income. Taxing imputed income while you live in the house approximates the same thing...you're earning a non-monetary income by living in the house.

If the Dems revisit this, it will put a lot more people into the AMT. If you hear the words "Imputed Income" on TV...that's what it is. If you don't support it, make your voice heard! :hammer:

 

Interesting investment plan wow :thumb:. But how did you know five years ago that there was going to be that huge panic about guns and ammunition being "confiscated" or made more difficult to get? More importantly, what are you going to buy when you sell your gold and silver? Inquiring minds need to know...
although personally, I buy mine as insurance which means I guess that I hope never to need to sell it. Though if they are going to be shooting chickens out there, I guess I will need it.

 

My 90 year old Grandpa said to me year ago that if You have gold you will never go hungry! As I got old it seem to make more sence! When he died in 1981 He had no gold but the fillings in his teeth and I can only assume He ate His bread!

 

Yes, I believe you are correct. That is one example. It's worse than that though. Another fine example of imputed income would be the "benefit" YOU would receive when an employer takes out a whole life insurance policy on you (that they don't even have to tell you about and of which they name themselves the beneficiaries). You now have imputed income as a result of the "protection" you receive from said policy. It is assigned a dollar amount and entered on your W-2. Isn't it nice an employer can take out an insurance policy on you, never tell you about it, and collect when you die? (oh and ALL of the redeemed policy cash goes to THEM..not you). So if you don't have your own insurance to bury yourself with, that's tough. The employer however makes out rather nicely.

Hey..never fear though. It's just capitalism...just business.

I think I have an idea for a new imputed earning. I think everyone that looks at coins gains pleasure from looking at them. There should be a value assigned to that. The amount would depend on how long you look at it and the amount of pleasure you actually receive from it. Big coins would earn more. Older would be more. If you're looking at gold, naturally, that means more. Clean coins would have a higher value also. Naturally, there should be a fine of some sort if your coin is too dirty. Finally, if you under report the amount of pleasure you receive then that will subject your entire current and future collections to confiscation. You would however be given a voucher redeemable for future shares in some future corporate venture. (amount and value may vary but details do not have to be foretold until after profit makers determine it's value). Imputed income on it though, would of course be due immediately. The default value would be it's entire creative book keeping projected value. You would be able to enter that loss though on your year end taxes (to be deducted from your taxes due) at the rate of .0002% of it's original projected value.

 

I think you have truly grasped the essence of our current financial system:bow:. But to truly perfect this you must find some way of collateralizing and securitizing these imputed pleasures. If you can't find a way of packaging and selling this into the pension funds of widows and orphans, preferably at a substantial loss, I'm afraid your brilliant idea is going nowhere .

 

And that is indeed why they are fighting the war in Iraq. The stated reason was to give people comfort about terrorism. Nothing more, nothing less. It was a war of choice, not necessity, and hence a luxury of this society. What it is doing to the people on the ground is another matter as it is pretty horrible, but it is also irrelevant and another strawman to the point being made.

The suggestion that anyone would think that warfare to those affected isn't terrible, really tells me that you don't have any relevant arguments against the reasons I originally gave to holding gold. The one liners about armageddon, as I said earlier, are not a reason to avoid holding gold. If you feel so strongly against it, i am not even sure why you would be looking for some enlightment on a forum devoted to bullion investing.

 

HAHA! that's imputed income! However, I think they will tax imputed income on real estate first (easier to audit). Once they do that, I'll start worrying about the tax on my coin collecting "pleasure".

Btw, if I get screwed on an eBay deal, can I write that off as a "loss"?

 

No...I'm sorry. Only if you are very wealthy would you be allowed to write off those losses. Such tax shelters are only available to those incomes above $200,000 (in which case you'd also qualify for government bailouts, so long as you promise not to share your wealth with the common man).

 

Screw the Common Man...gimme, gimme gimme

 

That does appear to be the theme of right wing America.

But enought about that. Back to the saving for the collapse!


Will the 'new world order' banks take only rolled coin or is bulk coin ok?
Will the new conversion rate be 1 to 10 or 1 to 50?

 

Without reading (wading) through this thread, what you really need is.....a gun.

 

There seems to be plenty of those....What you really need is...... a brain.

​

 

I was being sarcastic and would hardly call myself "right wing"...although "conservatives" are often label as "right wing" (erroneously).

 

green, your so right... lots of guns & plenty of ammo.
"A COUNTRY DIS ARMED IS HALF DEFEATED"