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onerighthand

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Everything posted by onerighthand

  1. Hey no problem. I am not pissy and am the last to be on edge. I have thick skin and a layer of padding. I did not take it that way, but my guard is up for some others that will take a swing at me though. lol Personally I don't care if there is a double post once in a while. It hurts nothing!
  2. Dang I am sorry for the post then. The reason I did it was because they pointed it out on CNBC street signs just today. Thought it was new info and did not look at dates.
  3. Three good and encouraging signs. Investing in Iraq Stories from CNBC http://www.cnbc.com/id/15840232?video=1301859004&play=1 http://www.cnbc.com/id/15840232?video=1303034063&play=1 http://www.cnbc.com/id/15840232?video=1300361285&play=1
  4. Oh no! I was kidding too. I'm not worrying about my avatar, especially from a lizard. Ha!. He took it really hard, but he will get over it. He is touchy about his man boobs. Your really really lucky though. I told him to keep his sp-89 in his shorts. :-)
  5. Dude, Dudette, lizard girl, whatever you are, you must still be in grade school. Go take a nap. I won't take offense cuz I am considering the source of the comment.
  6. Dang! I would have gone and acted as his security! I don't carry my SP-89 in my leotards for nothing.:-)
  7. Now, if you were going to build 10k homes, at $80k each...and it has all been approved through the council, don't you think they would want to make certain everyone could afford it???? hummmm. I am thinking that some one might be expecting the people to be getting a raise...think? Thats what I was thinking while reading this. 10,000 units at 80,000 a piece. wow! Don't know if that is a lot of units for that area or not, but 80 grand is a fair chunk of change. Without a RV, I wonder how many could really afford. We see the impoverished people, but there are always wealthier people you never see. I also wonder if this is speculation on the part of the investor/builders, rather than them really knowing anything of substance. They may be hoping for the RV like us and know nothing. Thanks for the post.
  8. OK everybody is going to bed early and no desert. now go! get upstairs and brush your teeth!
  9. Well I am no hero, but do fight for truth, justice, patience, understanding and a sense of fair play. Some don't like it and I have been told I am too blunt, but like porn, I know what unjustified looks like when I see it.
  10. Never gave a definitive reason. Was just that his mood has changed.
  11. Well you have to look past the bashers and try to disregard them What is it taking time out of their day or something? They spend more time scolding someone than it would have been to just answer. When you see how bad they are before they get rich, imagine how bad/arrogant/selfish they will get when they get some money. Some people should not be allowed to get rich. IMO hehehe!
  12. Common people, lighten up and quit being so arrogant. We have all been newbies! In the grand scheme of things, SO WHAT if they ask.
  13. This issue may prompt an RV to remove the 25,000 dinar notes that are most prevalent in their counterfeiting, as they stated. Hows that for a optimistic idea? Go RV!
  14. I could be wrong and probably am, but I suspect they are taking our capital gains or taxes off the top and the balance will be computed later after they audit your bank accounts, and probably your refrigerator. Always question authority!
  15. Ya well the average Joe is not supposed to understand it. Were just supposed to fall in line and take it. Don't forget to bend over first! Always question authority is my Mantra!
  16. This is what I found and is as follows with link It couldn't have happened to a nicer country. On March 18, with very little pomp and circumstance, president Obama passed the most recent stimulus act, the $17.5 billion Hiring Incentives to Restore Employment Act (H.R. 2487), brilliantly goalseeked by the administration's millionaire cronies to abbreviate as HIRE. As it was merely the latest in an endless stream of acts destined to expand the government payroll to infinity, nobody cared about it, or actually read it. Because if anyone had read it, the act would have been known as the Capital Controls Act, as one of the lesser, but infinitely more important provisions on page 27, known as Offset Provisions - Subtitle A—Foreign Account Tax Compliance, institutes just that. In brief, the Provision requires that foreign banks not only withhold 30% of all outgoing capital flows (likely remitting the collection promptly back to the US Treasury) but also disclose the full details of non-exempt account-holders to the US and the IRS. And should this provision be deemed illegal by a given foreign nation's domestic laws (think Switzerland), well the foreign financial institution is required to close the account. It's the law. If you thought you could move your capital to the non-sequestration safety of non-US financial institutions, sorry you lose - the law now says so. Capital Controls are now here and are now fully enforced by the law. Let's parse through the just passed law, which has been mentioned by exactly zero mainstream media outlets. Here is the default new state of capital outflows: (a) IN GENERAL.—The Internal Revenue Code of 1986 is amended by inserting after chapter 3 the following new chapter: ‘‘CHAPTER 4—TAXES TO ENFORCE REPORTING ON CERTAIN FOREIGN ACCOUNTS ‘‘Sec. 1471. Withholdable payments to foreign financial institutions. ‘‘Sec. 1472. Withholdable payments to other foreign entities. ‘‘Sec. 1473. Definitions. ‘‘Sec. 1474. Special rules. ‘‘SEC. 1471. WITHHOLDABLE PAYMENTS TO FOREIGN FINANCIAL INSTITUTIONS. ‘‘(a) IN GENERAL.—In the case of any withholdable payment to a foreign financial institution which does not meet the requirements of subsection (, the withholding agent with respect to such payment shall deduct and withhold from such payment a tax equal to 30 percent of the amount of such payment. Clarifying who this law applies to: ‘‘© in the case of any United States account maintained by such institution, to report on an annual basis the information described in subsection © with respect to such account, ‘‘(D) to deduct and withhold a tax equal to 30 percent of— ‘‘(i) any passthru payment which is made by such institution to a recalcitrant account holder or another foreign financial institution which does not meet the requirements of this subsection, and ‘‘(ii) in the case of any passthru payment which is made by such institution to a foreign financial institution which has in effect an election under paragraph (3) with respect to such payment, so much of such payment as is allocable to accounts held by recalcitrant account holders or foreign financial institutions which do not meet the requirements of this subsection. What happens if this brand new law impinges and/or is in blatant contradiction with existing foreign laws? ‘‘(F) in any case in which any foreign law would (but for a waiver described in clause (i)) prevent the reporting of any information referred to in this subsection or subsection © with respect to any United States account maintained by such institution— ‘‘(i) to attempt to obtain a valid and effective waiver of such law from each holder of such account, and ‘‘(ii) if a waiver described in clause (i) is not obtained from each such holder within a reasonable period of time, to close such account. Not only are capital flows now to be overseen and controlled by the government and the IRS, but holders of foreign accounts can kiss any semblance of privacy goodbye: ‘‘© INFORMATION REQUIRED TO BE REPORTED ON UNITED STATES ACCOUNTS.— ‘‘(1) IN GENERAL.—The agreement described in subsection ( shall require the foreign financial institution to report the following with respect to each United States account maintained by such institution: ‘‘(A) The name, address, and TIN of each account holder which is a specified United States person and, in the case of any account holder which is a United States owned foreign entity, the name, address, and TIN of each substantial United States owner of such entity. ‘‘( The account number. ‘‘© The account balance or value (determined at such time and in such manner as the Secretary may provide). ‘‘(D) Except to the extent provided by the Secretary, the gross receipts and gross withdrawals or payments from the account (determined for such period and in such manner as the Secretary may provide). The only exemption to the rule? If you hold the meager sum of $50,000 or less in foreign accounts. ‘‘( EXCEPTION FOR CERTAIN ACCOUNTS HELD BY INDIVIDUALS.—Unless the foreign financial institution elects to not have this subparagraph apply, such term shall not include any depository account maintained by such financial institution if— ‘‘(i) each holder of such account is a natural person,and ‘‘(ii) with respect to each holder of such account, the aggregate value of all depository accounts held (in whole or in part) by such holder and maintained by the same financial institution which maintains such account does not exceed $50,000. And, while we are on the topic of definitions, here is how "financial account" is defined by the US: ‘‘(2) FINANCIAL ACCOUNT.—Except as otherwise provided by the Secretary, the term ‘financial account’ means, with respect to any financial institution— ‘‘(A) any depository account maintained by such financial institution, ‘‘( any custodial account maintained by such financial institution, and ‘‘© any equity or debt interest in such financial institution (other than interests which are regularly traded on an established securities market). Any equity or debt interest which constitutes a financial account under subparagraph © with respect to any financial institution shall be treated for purposes of this section as maintained by such financial institution. In case you find you do not like to be subject to capital controls, you are now deemed a "Recalcitrant Account Holder." ‘‘(6) RECALCITRANT ACCOUNT HOLDER.—The term ‘recalcitrant account holder’ means any account holder which— ‘‘(A) fails to comply with reasonable requests for the information referred to in subsection ((1)(A) or ©(1)(A), or ‘‘( fails to provide a waiver described in subsection ((1)(F) upon request. But guess what - if you are a foreign Central Bank, or if the Secretary determined that you are "a low risk for tax evasion" (unlike the Secretary himself) you still can do whatever the hell you want: ‘‘(f) EXCEPTION FOR CERTAIN PAYMENTS.—Subsection (a) shall not apply to any payment to the extent that the beneficial owner of such payment is— ‘‘(1) any foreign government, any political subdivision of a foreign government, or any wholly owned agency or instrumentality of any one or more of the foregoing, ‘‘(2) any international organization or any wholly owned agency or instrumentality thereof, ‘‘(3) any foreign central bank of issue, or ‘‘(4) any other class of persons identified by the Secretary for purposes of this subsection as posing a low risk of tax evasion. One thing we are confused about is whether this law is a preamble, or already incorporates, the flow of non-cash assets, such as commodities, and, thus, gold. If an account transfers, via physical or paper delivery, gold from a domestic account to a foreign one, we are not sure if the language deems this a 30% taxable transaction, although preliminary discussions with lawyers indicates this is likely the case. And so the noose on capital mobility tightens, as very soon the only option US citizens have when it comes to investing their money, will be in government mandated retirement annuities, which will likely be the next step in the capital control escalation, which will culminate with every single free dollar required to be reinvested into the US, likely in the form of purchasing US Treasury emissions such as Treasuries, TIPS and other worthless pieces of paper. http://www.zerohedge.com/article/its-official-america-now-enforces-capital-controls Congratulations bankrupt America - you are now one step closer to a thoroughly non-free market.
  17. Do not touch that with any part of your wallet. Not a good price either I personally used GID associates, twice by me and twice by friends with great success. Great price too
  18. OK, this is your last chance! If this does not happen as you say this time, I vote that you give your dinars to somebody more worthy than you and go away, never to be seen or HEARD from again.
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