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BarnacleBob

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Treasure Searcher

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Couple I know, bought one of their sons, a business. This particular son, is in his mid-twenties. Business brings in alot of cash and checks daily. Alot of deposits at bank. Checks need to be written out, to pay suppliers, utilities, payroll, etc. Business is doing well.

Problem is, the son has only used a debit card, in his life. Now the parents have to teach their mid-twenties age son to use a checkbook. Probably never taught in high school to use a check book.
 

arminius

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Scorpio

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so cool,

they announce butt kicking inflation numbers to the up, over 8% again YOY, and metals do nothing,
actually reversing into negative territory

yeah, those metals sure help in inflationary times,

yet another cherished delusion shattered
 

gringott

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Good thing I "invested" all my excess cash into Netflixx stock. Inflation proof.
 

Scorpio

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now they have reversed to the up,

for myself, I think the metals all resolve higher as things flush out,
so that is why I get worked up when the flush the toilet into those headwinds of inflation,

but again, stocks are moving up, crypts are moving up, so it is kind of a risk off day,

meaning the metals aren't working contrary to anything at this point, just along for the paper ride
 

viking

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Should read on the first line,

Paying Income taxes...

Excise taxes are constitutional, Income taxes are pure fraud...

The income tax is an excise tax.
 

BarnacleBob

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The income tax is an excise tax.

Actually its a "private" use tax laid using law merchant equity law.... The so called "income tax" is not "public law", it is private contract law laid on the PRIVILEDGE & USE of bank credit as a medium of exchange....

The Dispatch of Merchants:

 

arminius

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Actually its a "private" use tax laid using law merchant equity law.... The so called "income tax" is not "public law", it is private contract law laid on the PRIVILEDGE & USE of bank credit as a medium of exchange....

But this is hidden from the masses in any way they can. Try to find the definition of INCOME in the irs manual.

The very fact that it's hidden is in of itself fraud...

From Motla68 in another forum:

31 USC 3124 - Sec. 3124. Exemption from taxation

(a) Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State.

The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax, except - (1) a nondiscriminatory franchise tax or another nonproperty tax instead of a franchise tax, imposed on a corporation; and (2) an estate or inheritance tax. (b) The tax status of interest on obligations and dividends, earnings, or other income from evidences of ownership issued by the Government or an agency and the tax treatment of gain and loss from the disposition of those obligations and evidences of ownership is decided under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.). An obligation that the Federal Housing Administration had agreed, under a contract made before March 1, 1941, to issue at a future date, has the tax exemption privileges provided by the authorizing law at the time of the contract.

This subsection does not apply to obligations and evidences of ownership issued by the District of Columbia, a territory or possession of the United States, or a department, agency, instrumentality, or political subdivision of the District, territory, or possession.
************************************************** ********************************************

26 CFR 1.83-3 - Meaning and use of certain terms.

Code of Federal Regulations - Title 26: Internal Revenue

(4)(g)
Amount paid. For purposes of section 83 and the regulations thereunder, the term amount paid refers to the value of any money or property paid for the transfer of property to which section 83 applies, and does not refer to any amount paid for the right to use such property or to receive the income therefrom. Such value does not include any stated or unstated interest payments. For rules regarding the calculation of the amount of unstated interest payments, see 1.4831(c).

When section 83 applies to the transfer of property pursuant to the exercise of an option, the term amount paid refers to any amount paid for the grant of the option plus any amount paid as the exercise price of the option. For rules regarding the forgiveness of indebtedness treated as an amount paid, see 1.834(c).
************************************************** ***************************************

The first statute shows the exemption for obligations of the United States, i.e. Lawful Money
The second statute is pretty much a checkmate because even that last statute mentioning the other sections, they relate to performance for services rendered which is also exempt.
Income is corporate profits, plain and simple because the value offered and amount paid are the same. Even bonus checks and such if marked with the demand for lawful money are exempt from taxation, because that shows you have no interest in profiting from the interest at banks.
This is also why it is best to try and find a bank account that is non-interest baring therefor no reporting to IRS need be done.
Claim ownership of nothing, exercise control of everything for the benefit of thy neighbor.
 

Casey Jones

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so cool,

they announce butt kicking inflation numbers to the up, over 8% again YOY, and metals do nothing,
actually reversing into negative territory

yeah, those metals sure help in inflationary times,

yet another cherished delusion shattered
You can't hedge inflation when ALL wealth is deliberately manipulated and/or wrecked.

A logical inflation hedge, assumes an organic, naturally-flowing market. It assumes market forces are free-moving.

That is no longer the case. Wealth-preservation is being variously, destroyed, or legally, or monetarily, blocked.
 

Thecrensh

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You can't hedge inflation when ALL wealth is deliberately manipulated and/or wrecked.

A logical inflation hedge, assumes an organic, naturally-flowing market. It assumes market forces are free-moving.

That is no longer the case. Wealth-preservation is being variously, destroyed, or legally, or monetarily, blocked.
^^^^^^^^^THIS

You can't steal everything if people still think things have some value....
 

Uglytruth

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Has anyone though how they print fake money that gets invested with places like Blackrock who are using that same money to buy up everything leaving us nothing................... Think about it. All because we are desperate for a "return" on our money.
 

Uglytruth

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Seems they are a form of groomers also.........


Cedar Point going cashless at the park in 2022​

Guests who may not have credit or debit cards can convert cash to prepaid debit cards at cash-to-card kiosks stationed around the parks.
a4eed99b-90d0-4c98-a7d9-0e623ddb51c3_750x422.jpg


SANDUSKY, Ohio — Cedar Point will stop accepting cash at the beginning of the 2022 season.
Cedar Fair, the parent company of the Sandusky amusement park, said all of their parks will be cashless by next spring.
Kings Island went cashless in July of this year. Other Cedar Fair parks currently operating on a cashless basis include Worlds of Fun, Valleyfair and Carowinds.

“There are plenty of benefits, both for guests and our parks,” Cedar Fair spokesperson Gary Rhodes said. “Cashless transactions are faster, safer and more secure. Guests can spend less time in the check-out waiting on change and more time hitting up their favorite rides or other attractions.”
For guests at the park who do not have credit or debit cards, Rhodes said they can convert cash to prepaid debit cards at kiosks stationed around the parks.
Rhodes said their Cedar Fair parks also benefit from a cashless system.
“There’s no need to pay for armored cars to haul currency back and forth from the parks,” he continued. “No more time and labor spent counting cash. Those resources can be redirected toward guest-facing services or operations. And from a practical standpoint, it’s getting harder and harder to find coins.”
Rhodes added that park guests have responded "very favorably going to cashless,” calling the decision “a non-event" for most people.
Cedar Fair owns and operates 11 amusement parks across the country.
 

Casey Jones

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That's wonderful.

...as they cater to a middle-class customer base that doesn't exist anymore.

I have some great childhood memories of Cedar Point.

But when I was a child, I spake as a child. When I was a man, I put away childish things...and, today, we have no time or resources to spoil kids. Amusement, to the next generation, will be jumping out of the hayloft, once the milking is done.

IF we're lucky.
 

Uglytruth

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How credit card swipe fees are hitting consumers​

The average family already spends an additional $900 from added swipe fees​


Merchants were charged $137.8 billion in credit and debit card swipe fees in 2021. This means the average family had to shell out an additional $900 each year on items due to higher swipe fees even before surging inflation, Leon Buck, the National Retail Federation’s vice president of banking and financial services, told FOX Business.

These so-called "swipe" fees are imposed on merchants every time a consumer makes a purchase with their credit or debit card. Oftentimes, though, retailers will try and offset these increases by passing them on to the consumer.

WITH SKYROCKETING INFLATION, NRF URGES VISA, MASTERCARD TO CANCEL SWIPE FEE INCREASES ON MERCHANTS

With inflation surging to the highest level since 1981, consumers will have to shell out even more.

"You're looking at about $75 additional," Buck said. "Now we're saying that's $975 in higher costs for goods and services based on the increase in swipe fees."

Buck said if a consumer walked into Target, for example, and swiped on a $100 purchase, that would turn into $108 with the swipe fee increase and inflation.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

"It may not sound like much, but it does add up across millions of purchases every day across the whole country," he added.

TickerSecurityLastChangeChange %
VVISA INC.199.23+5.26+2.71%
MAMASTERCARD INC.332.87+11.12+3.46%
In April, Mastercard and Visa raised swipe fees again, costing retailers $1.2 billion on top of the $137.8 billion retailers faced last year, according to the NRF.

Meanwhile, even if rates stay the same, card networks will see 8.5% more swipe revenue this year regardless due to inflation, Buck continued.

Stacked-credit-cards2.jpg

VISA and MasterCard credit cards (iStock / iStock)
However, Linda Kirkpatrick president of Mastercard North America, said in written testimony to Congress that the company delayed its plans to increase fees in April 2020 and April 2021 due to the COVID-19 pandemic. This year was the first time the company made "significant changes since 2006," according to Kirkpatrick.

"On April 22, 2022, we adjusted interchange, with some rates going up and some going down," Kirkpatrick said. "Among our changes: we lowered rates for merchants with transactions below $5, directly supporting smaller businesses."

Kirkpatrick said those small ticket purchases represent more than 10% of Mastercard credit transactions. She also argued that the company lowered rates for hotels, rental car companies, casual dining and day care facilities.

CLICK HERE TO READ MORE ON FOX BUSINESS

Meanwhile, Visa told FOX Business in a statement that "like any line item for their business, merchants price their goods based on their costs. This is true of digital payments or cash handling." However, Visa argued that "cash handling is an inefficient process and there are costs associated with reconciling, securing and replenishing cash."

The company cited a 2018 study from IHL Group, which noted that cash handling costs range from 4.7%-15% of every dollar received, which Visa claims is "far less than the cost of accepting digital payments."

"It is critical that costs be looked at in the larger context – including the benefits that parties derive from the system," the company said.
 

WillA2

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Seems they are a form of groomers also.........


Cedar Point going cashless at the park in 2022​

Guests who may not have credit or debit cards can convert cash to prepaid debit cards at cash-to-card kiosks stationed around the parks.
a4eed99b-90d0-4c98-a7d9-0e623ddb51c3_750x422.jpg


SANDUSKY, Ohio — Cedar Point will stop accepting cash at the beginning of the 2022 season.
Cedar Fair, the parent company of the Sandusky amusement park, said all of their parks will be cashless by next spring.
Kings Island went cashless in July of this year. Other Cedar Fair parks currently operating on a cashless basis include Worlds of Fun, Valleyfair and Carowinds.

“There are plenty of benefits, both for guests and our parks,” Cedar Fair spokesperson Gary Rhodes said. “Cashless transactions are faster, safer and more secure. Guests can spend less time in the check-out waiting on change and more time hitting up their favorite rides or other attractions.”
For guests at the park who do not have credit or debit cards, Rhodes said they can convert cash to prepaid debit cards at kiosks stationed around the parks.
Rhodes said their Cedar Fair parks also benefit from a cashless system.
“There’s no need to pay for armored cars to haul currency back and forth from the parks,” he continued. “No more time and labor spent counting cash. Those resources can be redirected toward guest-facing services or operations. And from a practical standpoint, it’s getting harder and harder to find coins.”
Rhodes added that park guests have responded "very favorably going to cashless,” calling the decision “a non-event" for most people.
Cedar Fair owns and operates 11 amusement parks across the country.

I don't feel the need to go back, now.
 

Scorpio

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just some weekly charts

to get an idea of how widespread this is,



curde.jpg


coffee.jpg



nat gas.jpg


cotton.jpg

corn.jpg



wheat.jpg


soybeans.jpg


lumber.jpg


copper.jpg
 
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Scorpio

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now let's go to something odd,

this is the USD rising throughout these commodity runs,
they have both been running

the system is blowing up a market in price, then moving on to the next target,
one after another, victim to inflated valuations due to hot money chasing

hot money chasing yield


usd.jpg
 
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Scorpio

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now for the wall street thieves,

all the whining and crying, moaning and groaning about sp and the rest of the garbage being down a bit,

in context, in longer view, they aren't down squat. They haven't even yet pierced the level the markets were at when tramp left office.

the line on the chart represents that time

when tramp came into office, it was somewhere around 2200, and today even after the so called massive decines,
it is still at 4023

so let's not be jumping off buildings due to these stock market losses shall we,
big picture, ain't a thing yet




SPX.jpg
 

Scorpio

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this brings us to the final question,

we have watched, seen how commods of all types have been artificially pushed up, then cashed in

we see above where copper along with other metals have participated in the run to the up


is there a day coming where finally gold and silver will do the same? 2 little pos's that haven't done anything over the same period
oh sure, there were mini runs back in the early days of the scamdemic, but after that, crickets, nada

while these other markets have painted massive gains, 2-300% gains and more
whereas gold and silver went up a measily 30-50%, then gave a bunch of that back




gold.jpg

silver.jpg
 
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Uglytruth

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"IF" gold goes up do you see silver being drug along at some ratio? The 120:1 ratio a few years back really threw me. Could / would they raise gold to 4K and leave silver at $30 for a 133:1 ratio or higher?