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Everything posted by bostonangler

  1. So is FOX NEWS and their video fake? I'm just wondering if they have joined the Deep State too. B/A
  2. Thanks Half Crazy... I didn't realize that. The IRS is very clear about whether you can deduct political campaign contributions from your Federal income taxes: The answer is a stone cold NO. But when it comes to individual states, that’s not the whole story. While no state lets you deduct political contributions, four of them—Arkansas, Ohio, Oregon, and Virginia—actually do something better: They offer a tax credit for part or all of your contribution, up to a certain amount. The idea behind the credit is to encourage a wider range of of people to participate in the political donation process, which is largely driven by affluent, conservative Americans, according to the Poverty Action Lab. The credits, which previously were also offered in Arizona and Minnesota, have been controversial. In Oregon, for example, critics have complained that they cost the state around $7 million in the last election cycle and encourage PACs to solicit donations with come-ons promising that “your gift may cost you nothing.” But for now, at least, here’s how to take advantage of the credit if you live in one of these states. Arkansas “The Natural State” grants tax credits for state—not federal—campaign contributions of up to $50 for an individual ($100 for a couple), and it can be spread over multiple candidates, political action committees approved by Arkansas, and parties. Ohio Like Arkansas, Ohio only allows for contributions to candidates in statewide elections. There is no disqualifying income limit, so the credit is available to anyone who wants a free $50 to donate to someone running for the following offices: governor, lieutenant governor, secretary of state, state auditor, treasurer, attorney general, member of the state board of education, justice of the supreme court, or member of the general assembly. Married couples filing jointly can claim a $100 credit. Oregon If you make less than $200,000 jointly, or $100,000 individually, you can claim a tax credit of $100 and $50, respectively. The state is very open about where you can donate: Political action committees and individual candidates in local, state, and federal elections are all fair game, as long as they’re on a ballot in the state during that tax year. Virginia Old Dominion’s rules apply to all income brackets. According to the Virginia Tax Schedule CR Instructions, the commonwealth will give you a tax credit of 50% of your contribution to a candidate running for state or local office only, with a limit of $25 for individuals, $50 for joint filers. B/A
  3. BAGHDAD (Reuters) - Iraqi protesters stormed the Iranian consulate in the southern city of Najaf and set fire to the building on Wednesday bringing a new level of violence to demonstrations aimed at the downfall of a government backed by Tehran. It was the strongest expression yet of the anti-Iranian sentiment of Iraqi demonstrators, who have taken to the streets for weeks in Baghdad and the Shi'ite Muslim-majority south - and have been gunned down in their hundreds by Iraqi security forces. Staff at the consulate had evacuated shortly before demonstrators broke in, police and civil defense first responders said. There were no immediate reports of casualties. Local authorities imposed a curfew following the incident, state media reported. The protests that began in Baghdad on Oct. 1 and have spread through southern cities are the most complex challenge facing the Shi'ite-dominated ruling class that has controlled state institutions and patronage networks since the 2003 U.S.-led invasion that toppled Sunni dictator Saddam Hussein. Young, mostly Shi'ite protesters say politicians are corrupt, beholden to foreign powers - especially Iran - and blame them for a failure to recover from years of conflict despite relative calm since the defeat of Islamic State in 2017. Protesters blocked roads with burning tyres in southern Iraq and clashed with police in Baghdad earlier on Wednesday, aiming to use economic disruption as leverage to push the government from power and root out state corruption. Security forces shot dead two people in Kerbala, near Najaf, overnight and two in Baghdad on Wednesday, while a fifth person died when security forces opened fire during protests in the southern oil capital of Basra. Demonstrators prevented government employees getting to work in Basra by installing concrete barriers painted as mock-up coffins of relatives killed in weeks of unrest, a Reuters witness said. Authorities have warned against exploitation of the unrest by armed groups, especially should protest-related violence spread to northern Iraq, where IS militants are waging an insurgency. The Sunni extremist group on Thursday claimed three bomb blasts in Baghdad overnight which killed at least six people, although they provided no evidence for the claim. Government reform has amounted to little more than a handful of state jobs for graduates, stipends for the poor and pledges of election reform which lawmakers have barely begun to discuss. "First we were demanding reform and an end to corruption," said Ali Nasser, an unemployed engineering graduate protesting in Basra. "But after the government started killing peaceful protesters we won't leave before it's been toppled together with the corrupt ruling class." SLOW, MEANINGLESS REFORM Alia, a 23-year-old medical student, said: "The reforms are just words. We want actions. We've had 16 years of words without actions. We have been robbed for 16 years." Security forces meanwhile shot dead more demonstrators. In the holy city of Kerbala, south of Baghdad, they used live ammunition against protesters, killing two overnight. Two more were killed in clashes near Baghdad's Ahrar Bridge on Wednesday. Near Basra one protester died of wounds from gunfire, police and medics said, bringing the toll since unrest broke out on Oct. 1 to 344 people dead nationwide. Prime Minister Adel Abdul Mahdi expressed concern over both the violence and the financial toll of unrest late on Tuesday, but mostly blamed unidentified saboteurs for the damage. "There have been martyrs among protesters and security forces, many wounded and arrested ... we're trying to identify mistakes" made by security forces in trying to put down the protests, he told a televised cabinet meeting. "The blocking of ports has cost billions of dollars." Protesters have blocked traffic into Iraq's main commodities port near Basra this month and tried to surround the Central Bank in Baghdad, apparently bent on causing economic disruption where calls for removal of the government have failed. The government is moving slowly in enacting any kind of change. Promises of electoral reform and an early general election have yet to be ratified by parliament, and the political class has closed ranks in the face of a significant challenge to its grip on power. B/A
  4. Now that's funny... Happy Thanksgiving nstoolman. B/A
  5. Once again, you refuse to believe the truth... Those shots are from FOX NEWS 2 minutes before the rally... Of course the camera angle of the podium only shows what's behind the speaker... Pretty basic photography. B/A
  6. They will do what we have always done to cult leaders... Hitler was a cult leader and look how it ended up for him... It's funny that cult followers never see themselves in that light... Today's narrative sure sounds like history repeating itself. The brainwashed always blame those trying to save them and keep believing what their leader tells them. B/A
  7. Rick ★ @2020BlueTexas tRump is in town for a rally. Local Fox TV singing his praises. The newscasters are talking like it’s packed. American Airlines center holds about 20,000. He is about to start. The bottom part is not full and balconies are empty. This is what it looked like via the Fox News live stream two minutes after the rally was supposed to begin: 440 6:08 PM - Oct 17, 2019
  8. This can't be true it snowed in Denver yesterday!!! B/A
  9. It would if anyone could prove it... So far the only criminal activity proven has been those of the administration and his cronies who are pleading to their crimes... What is it now 37 indictments and counting... Not bad for 3 years... This is like watch a mob family run the White House... And wait til Rudy spills the beans... Never trust a lawyer... B/A
  10. Nope... IG report comes out December 9th... So much for conspiracies. The Justice Department's inspector general found no evidence to support President Donald Trump's claim that the FBI inserted spies in his 2016 presidential campaign, The New York Times reported. Trump has repeatedly and baselessly alleged that the FBI inserted covert operators in his campaign. He also alleged, without evidence, that former President Barack Obama had intelligence officials tap his phones, a claim the IG's report is also expected to undercut. While the IG report undermines Trump's most extreme claims, sources told The Times, it also faults the FBI for making bureaucratic mistakes when applying for a warrant to surveil Carter Page, a former Trump campaign aide. The Justice Department's inspector general reportedly found no evidence to support President Donald Trump's claim that the FBI spied on his 2016 presidential campaign while investigating whether the campaign was conspiring with the Russian government to interfere in the election, The New York Times reported Wednesday. The Times article builds on reporting from the Washington Post, which initially broke the story last week. Trump has repeatedly and baselessly alleged that the FBI inserted covert agents into his campaign. Trump and his allies dubbed this purported scandal "Spygate." He also alleged, without evidence, that former President Barack Obama ordered US intelligence officials to tap his phones, a claim the IG's report is also expected to undercut. After taking office, Trump ordered the DOJ to investigate his claims. The inspector general, Michael Horowitz, will release his full report on the matter on December 9. While the report undermines the president's most extreme claims, it also finds fault with how the FBI handled its surveillance of former Trump campaign aide Carter Page, according to the Post. Specifically, Horowitz found discrepancies and bureaucratic mistakes in how the FBI applied for a warrant seeking the wiretap. The IG also found evidence that an FBI employee may have altered an email connected to the Page wiretap, but concluded that the employee's conduct had no effect on the overall validity of the application or on the bureau's overarching investigation. However, Horowitz has reportedly requested that federal prosecutors look into the FBI lawyer's alteration of the email. Broadly, the IG report finds that the surveillance of Page was legally justified and not driven by political bias, as Trump claims. Trump recently predicted the anticipated IG report would reveal "perhaps the biggest scandal in the history of our country." B/A
  11. Thanks Adam and I hope you have a safe and happy holiday with your family. The budget news sounds great and if the LD notes are out there, I sure wish someone would take a picture of them... As for Bloomberg, if nothing else he will get a nice tax break for his large expense... B/A
  12. He's running a shadow government with Rudy... That is a scary concept... Now he says he doesn't know what Rudy is doing... IE: He is throwing Rudy under the bus, and Rudy being a lawyer will have insurance... Never trust a lawyer B/A
  13. Keep them coming... I love everywhere he shows up, people lose... Even Alabama football lost when he showed up!!! LOL Let's see... Virginia, Kentucky, and Louisiana… He's on a roll. B/A
  14. He said it on Bill's show... Go listen to it... Scotty, I am wishing you a safe and happy Thanksgiving, but I'm done discussing this. Talking to Trump worshippers is like talking to Moonies or Jim Jones followers... No matter how much proof there including his voice on the air with Bill, his people still deny truth... Again enjoy your family tomorrow and stay safe. B/A
  15. Not blind just honest... Nunes has some real problems. The only ones out there are those still believing the lies... Do you honestly believe Trump didn't know what Rudy was doing? I don't think anyone working for Trump does anything without his knowledge and approval. B/A
  16. That's funny, because Nunes may be the next one in jail.... B/A
  17. The only arrests I'm seeing are.... Well you know. Rudy is a good man, a warrior... Ahhh I hardly know the man...Rudy who? B/A
  18. I saw that this morning... What a great story and that lady is amazing... B/A
  19. Russia seems to loom over just about everything election-related these days. House Minority Leader Rep. Kevin McCarthy (R-Calif.) unveiled a new ad Monday defending President Trump while he remains the subject of an impeachment investigation and the 2020 general election draws ever closer. McCarthy's ad portrays Trump as someone who has shown the ability to get elected and achieve results in office, despite having many people try to upend him. 11.2K people are talking about this One criticism Trump hears from his opponents is that he's either willingly or unwittingly a pawn of Russian President Vladimir Putin, whose government is widely believed to have interfered in 2016's election. It's likely to come up more often as the election approaches. So with that in mind, some eagle-eyed observers, like CNN's Andrew Kaczynski, spotted stock footage that seems to have been shot in Russia in the McCarthy ad. The congressman's team may designate someone to check the location of images going forward. 1,242 people are talking about this
  20. As more and more Earth-threatening asteroids are detected flying overhead, a wave of earthquakes raises fears that ‘the big one” threatening California is imminent. A Nibiru expert explains that both are symptoms of the end-of-days astronomical interplay that is predicted to precede the Messiah. NASA recently announced that a huge asteroid will make a relatively close approach to earth in December, right after the week-long holiday of Hanukkah. The Center for Near-Earth Object Studies (CNEOS), the watchdog organization tasked with warning NASA about extraterrestrial earth-threats, designated the asteroid 216258 (2006 WH1) as a potentially hazardous asteroid (PHA). The asteroid, one of the largest to approach the earth this year and is hurtling towards the earth at 26,843 miles per hour. CNEOS assured the residents of earth that the asteroid will miss the Earth by about 0.03904 astronomical units or roughly 3.6 million miles from the planet’s center. This “near miss” is scheduled to take place on December 20 at 11:17 am EDT. But if NASA’s calculations are a tiny bit off, the results of an impact would be devastating. With an estimated diameter of 1,772 feet, 216258 (2006 WH1) is significantly taller than the Empire State Building, the asteroid would wipe out any city unfortunate enough to be in the impact zone. Even should the asteroid end up striking the ocean, the impact would generate towering tsunamis that would flood distant coastal areas. At the moment, scientists have identified more than 20,000 near-earth objects (NEO) and around 40 new ones are being discovered every week. Of the known NEOs, around 5,000 of these are classed as “potentially hazardous.” CNEOS estimated that a cataclysmic collision between an asteroid and the earth that threatens the future of civilization occur on average once per 100,000 years. But the threat of unseen dangers lurking directly overhead is far more common than previously thought. Over 17,000 near-Earth asteroids remain undetected in our solar neighborhood. Yuval Ovadia, whose videos on Nibiru have garnered hundreds of thousands of views, notes that despite assurances by NASA and other experts, large asteroids slip through the high-tech systems designed to detect them on a regular basis. One such instance took place in 2013, resulting in a large sky burst over Chelyabinsk in the Ural region of Russia. The light from the meteor was brighter than the Sun, visible up to 62 miles away. Its explosion created panic among local residents, and about 1,500 people were injured seriously enough to seek medical treatment. Authorities were tracking a larger asteroid which they predicted would collide with the Earth’s atmosphere. The larger asteroid did indeed appear about 16 hours later but the more destructive asteroid that appeared over Chelyabinsk went entirely undetected. “As Nibiru approaches, more asteroids will appear,” Ovadia said to Breaking Israel News. “Nibiru is described in Jewish sources as a star, not as an asteroid. But as it approaches, it pushes asteroids ahead of it like a ship pushes water in front of it.” Ovadiah noted that the approach of Nibiru is the source of the recent wave of NEO’s as well as a recent wave of earthquakes that hit southern California. Over the two days, there were more than 65 quakes in Ventura, most of them likely too small to be felt by people other than those who were directly above the epicenter. Most disturbing were two on Friday that measured over 3.5 in magnitude. Residents of southern California live with the knowledge that they live on a seismically active region and a catastrophic quake, though impossible to predict, is inevitable. The US Geological Survey reported that the southern San Andreas Fault has typically seen large earthquakes every 150 years. The last large earthquake there occurred in 1857 so the southern segment of the fault “is considered a likely location for an earthquake” in the coming years. The same report noted that a major 7.9-magnitude quake hit San Francisco in 1906, meaning there’s a slightly lower chance of a major earthquake happening in the northern part of the state. The USGS predicted that there is a 50 percent chance of an earthquake of 7+ magnitude occurring in the Los Angeles area in the next 30 years and a 31 percent chance of one that’s 7.5+ in magnitude. Though the earthquakes in California and the asteroids seem as distant from each other as the heavens and the earth, Ovadia explained that both had the same source. “Earthquakes and volcanoes are on the increase but rather than look for the cause under the earth, scientists should also be looking to the stars,” Ovadia said. “Nibiru is huge, much larger than any asteroid, and as it approaches, its presence will affect a gravitational pull on the earth, bringing about earthquakes, volcanoes, and even changes in the weather.” Ovadia noted that this connection between asteroids and earthquakes, what he calls a “celestial shake and bake”, is hinted at by the Prophet Joel. Ovadia, an observant Jew, noted that despite its catastrophic consequences, the appearance of Nibiru should be welcome as the harbinger of the Messiah. This is bases in the Bible which contains a prophecy of a star signaling the arrival of the Jewish Messiah. “Jewish sources say that this astrological phenomenon is a necessary part of the geula (redemption),” Ovadia said. He explained that if the star does not appear, then any claim that the Messiah has arrived will be rejected by Judaism. He pointed to an example: 400 years ago, Rabbi Yaakov Sasportes used the absence of a new star as an argument against Shabbetai Tzvi, a Jew who falsely claimed to be the Messiah. The Zohar, the foundational work of Jewish mysticism, predicted the appearance of a star with seven ‘stars’ orbiting it. In any case, Ovadia predicts that the current wave of asteroids and earthquakes cannot be Nibiru. “The sources say that Nibiru will arrive either in Purim of Passover. Hannukah is a time of miracles for the good of Israel.” B/A
  21. Updated Jun 25, 2019 What does it mean to "invest" in the Iraqi dinar? In simple terms, it's conducted in the same fashion as any currency investment. You purchase ‘x’ Iraqi dinar (IQD) by paying ‘y’ U.S. dollars (or your domicile currency). As with buying stocks, bonds or other currency, you purchase dinar at a given price and then expect the price to rise. The real question, though, is not just "can" you invest in this particular currency, but rather "should" you invest. Is there the possibility of a scam in such an investment scheme? Financial scams usually have certain characteristics. A few tip-offs include: If the scheme is run and promoted by individual agents instead of known entities; If there are heavy unofficial promotions through internet/emails/telemarketing calls instead of open and fair marketing; If transactions occur primarily through street-based dealers, high variations in available rates, and high markup fees yet promises of overly exaggerated returns. In the case of the Iraqi dinar investment scheme, there might be additional red flags: Reputed banks (e.g., Bank of America) abstaining from offering forex trading in Iraqi dinars; States like Utah issuing warnings against such investments; Very wide bid-ask spreads; and Impractical reasoning (discussed below) justifying Iraqi dinar as a "perfectly safe" and "sure-shot high return" investment scheme. All these factors give rise to further doubt (See Investopedia's tutorial on Investment Scams.). The basics of forex First, here's a very rudimentary explanation of what it means to invest in a currency. For example, let's say the Iraqi dinar forex rate is 1 US$ = 1160 IQD (as is the case, approximately, in August 2014). If you invest US$1000 in Iraqi dinars with that rate, you will get IQD 1.16 million. After this “investment,” you will wait and watch, expecting the IQD to rise against the US$. If your expectations come true, and the exchange rate improves to a hypothetical value--say 1 USD = 1 IQD, then your investment is now worth US$1.16 million. Under this hypothesis, the investor would become a millionaire by investing US$1000, which grew to US$1.16 million. But what happens if the dinar takes the opposite direction? Say it deteriorates to 1 US$ = 2000 IQD. Now your invested holding of IQD1.16 million is only worth US$580. Effectively, you have lost $420 on your investment. The big question, Is the Iraqi dinar Investment a hyped scam or can any profitability be achieved? First, let’s begin with the positives: Although speculative thoughts about Iraqi dinar Investments have been going around for a long time, there were developments based on reports which led to spike in speculation in IQD-US$ trading (like the statement issued by IMF around mid-2007, in the post-Saddam Hussein era). It mentioned the International Compact with Iraq, which was interpreted in multiple ways and led to further speculation in the Iraqi dinar currency trading. “(Iraqi Authorities) have taken some courageous measures, including the gradual increase in domestic fuel prices and, starting in 2007, the elimination of all direct budgetary fuel subsidies, except for kerosene. Iraq has also embarked on an ambitious structural reform program, in order to make the transition to a more market-based economy.” The article further states: “To combat inflation, action has been initiated on three fronts. First, the Central Bank of Iraq raised its policy interest rates sharply and allowed a gradual appreciation of the dinar. These measures aimed to de-dollarize the economy in order to enhance the central bank's control over monetary conditions, and also to reduce imported inflation.” Just prior to these, the IQD-USD exchange rate was around 1,270 (April 2007) and as of August 2014 it is around 1,160 – a positive return of around 8.5%. No big significant price moves have been observed since then, considering the long duration. Trends further down the line will depend on the current and future developments in the region. Current Situation & Future Prospects of Iraq: Civil war, regional fights and western countries staying away are major concerns of current Iraq, with the extreme possibility of the country splitting into three separate regions. If that happens, the payday may as well never come for investors holding Iraqi dinar and waiting for value appreciation. Backed by the oil reserves, Iraq has the potential to spring back and establish itself as a stable economy. It managed to do so after the eight-year long Iran-Iraq war. But that will need a peaceful, promising business atmosphere to establish investor confidence, which will in turn help revive its economy and bring back the IQD forex rate to realistic levels. Now to the other side of the coin: There are reasons pointing to Iraqi dinar investments being a hyped scam, most important factor being IQD literally trading in the “forex black market” instead of regular banks and trading desks. Additionally, the following incorrect statements are heavily publicized by the propagators of Iraqi dinar Investment schemes: “IQD is heavily undervalued at present and will rise significantly against USD in mid-to-long term due to a pending revaluation bound to happen soon” Supporters of Iraqi dinar Investment are reported to be confusing the two economic terms - Revaluation vs. Redenomination. Revaluation is the actual calculated adjustment made to a country's official exchange rate relative to a chosen baseline (gold or USD). Revaluation results in that currency becoming expensive to the base currency by the factor of adjustment and hence changes the purchasing power of that currency. Redenomination is done in case of high inflation levels by old high value notes being made equal to new small value notes (1000 Old dinars = 1 New dinar). It simply drops off the zeroes keeping the purchasing power the same as before. There are confirmed news items that Iraq did plan to redenominate its currency, but not revaluate. In the absence of any revaluation, there is going to be no change in the forex exchange rate of Iraqi dinar IQD (with or without redenomination). Economists also point out that it would not be beneficial to the Iraqi economy to allow any such value appreciation by the authorities (even by means of revaluation). Doing so will lead to multiple problems for Iraq: The inability to repay the national debts due to revised valuations Literally putting barricades for foreign companies to enter Iraq for business Overall restricted growth in the post-war era, due to ripple effects of above 2. “Similar 'Revaluation' Of Kuwaiti dinar is a historical proof” Some try to encourage investment in the Iraqi dinar based on the success case of the “revaluation” of the Kuwaiti dinar (KWD), which today is a high valued currency. However, this is misleading. While the official Kuwait Government Site does mention a new release of notes following the Iraqi invasion, there wasn’t any revaluation. The new release was to prevent use of stolen and looted old Kuwaiti dinars. In the Kuwaiti example, the pre-war forex rates were retained, simply changing the bank notes. It is also impractical -- and economically impossible -- to “revalue” a currency in such a way that its value increases many fold, without there being a real addition to the reserves. 3. "Post War development may take time, but always gives good results" Examples of European countries like the Netherlands, UK, etc. are cited in this case in an attempt to justify an Iraqi dollar investment. These other countries managed to make a rapid comeback from the effects of World War II, and are today considered among the developed countries. One important fact missed here is that these countries were able to progress faster because the war situation was completely different from the Iraq War. It was then a case of world war where the European countries in question were on the winning side and got maximum support in the post-war aftermath. The case of Iraq, by contrast, is more of a civil war, where there exists a possibility of the country being split into multiple fragments. Even if it stays as one nation, it will still take a good long time for the economy to recover. 4. “Executive Order 13303 gives Americans special legal rights to hold or invest in Iraqi dinar” Order 13303 is for protection of “the Development Fund for Iraq, Iraqi oil products and interests – including ownership by U.S. persons – from any legal attachments or liens”. It does not mention rights or protection for investments in Iraqi dinar, at all, by anyone. 5. The Iraqi dinar is still a good buy, even without a “revaluation” This is based on the strong belief by a few investors that Iraq’s oil reserves and development potential make the dinar a good purchase. Some investors argue that the market could drive a strong appreciation for the Iraqi dinar in the post war era, simply because the huge oil reserves will eventually make it a strong currency. Similar to Iraqi dinar, similar rumors are reported for Vietnamese dong and, most recently, the Egyptian pound. Can a short term high-frequency trader benefit from IQD-USD forex trading? Possibly Yes, but practically No. The reason is that the IQD-US$ forex trading market is virtually non-existent. No banks are offering Iraqi dinars. If you have to buy Iraqi dinars, you can buy them only at select money exchangers, who may or may not be legally registered. Secondly, they charge a hefty markup fee, to the tune of up to 20%, for such transactions. This will erode the profit potential even for short term trading. Can this be a good bet for a long term investment? Forex trading in general comes with a few challenges: Overvalued profit potential based on investor’s misconceptions. The misleading practices of foreign exchange dealers as forex is primarily an OTC market. Further complications and malpractice exist in trading such illiquid and unregulated asset class. Investors' basic ignorance about international forex valuations Loss aversion – investors holding onto loss-making assets further deteriorating the valuations of their investments How Iraq, its economy and hence the forex rate develop over the long term, is going to be a long term uncertain bet. The Bottom Line: Trading forex currencies is always risky, as external factors at international levels are difficult to control or predict. Unless you are trading on regulated markets or through regulated agents, traders and investors should use extreme caution for trading such currencies. Just some good reminders B/A
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