Articles related to tax
 
Stewart Thomson - Graceland Update
  Gold And Cryptos Destroy Fiat
I’ve predicted that a long period of deflation in the Western world would end with a Fed taper, rate hikes and quantitative tightening. That’s clearly in play now, and the deregulation of America’s thousands of small banks is perhaps the most exciting event taking place on this new “inflationary frontier”. Because of these powerful monetary trends, I’ve predicted big problems ahead for Wall Street and somewhat better times for Main Street. Having said, that, I think investors would be making a
Wednesday, December 13, 2017
Rick Ackerman
Yet Another Reason The Tax Bill Stinks
It’s just like Wall Street (and its mouthpiece, The Wall Street Journal) to get all lathered up over supposed tax reform that has little more going for it than the usual heap of manure we’ve come to expect from Congress.  I made this point recently in discussing some fine print in the tax bill that would keep the alternative minimum tax for corporations. It were as though the Magna Carta had retained a provision that shoplifters be drawn and quartered in the public square.  So what else is in th
Wednesday, December 13, 2017
Michael Ballanger
Cryptojunkies: Beware the Ides of December
It was two years ago this week that I proclaimed that we were witnessing the final lows in the 2011–2015 bear market in the precious metals as gold traded down to $1,045 amidst total capitulation by the Large Specs and after massive short-covering by the Commercial traders. The weekly COT for that week showed an aggregate short position of a miniscule 2,911 contracts down from the earlier highs of over 300,000 contracts. About six weeks later, despite the earlier bottom in gold, the HUI (NYSE Ar
Tuesday, December 12, 2017
Chris Powell - GATA
Bullion Star: Why Singapore is so great for gold investors
Bullion Star, headquartered in Singapore, today expounds on the city-state's great advantages for gold investors. Bullion Star writes: "Apart from the goods-and-services tax exemption on investment precious metals, there are a number of other jurisdictional advantages that have supported the growth of Singapore as a gold trading and storage hub and that reinforce the logic for buying gold and storing gold in Singapore. "In Singapore, there are no other taxes when buying gold, silver, or other
Tuesday, December 12, 2017
Jesse - Le Cafe Américain
Stock Markets and Precious Metals Charts - FOMC Decision Wednesday, Stock Option Expiration Friday
"They never open their mouths without subtracting from the sum of human knowledge." Thomas Reed (R-Maine) Bloomberg had economist Art Laffer, of the eponymous Laffer Curve, talking up the GOP 'Tax Reform' bill in all its 'trickle down' glory. I did not even know this retrograde nonsense peddler was still around, having been discredited in his economic theory of top down stimulus rebranded as 'supply side economics'. Now we know just how bad for the people this new tax legislation may be. The
Tuesday, December 12, 2017
Steve Saville - Speculative Investor
Interesting Links
1) Stockman on fire Former Reagan budget director and current proprietor of the eponymous “David Stockman’s Contra Corner” was on fire in the Bloomberg interview linked below. Within the space of 8 minutes he manages to explain: a) Why the tax reform package being negotiated in the US will add upwards of $1.5 trillion to the US federal debt over the next several years without prompting a significant increase in domestic investment or providing any other real help to the US economy. b) That forme
Monday, December 11, 2017
Chris Powell - GATA
James Howard Kunstler: Bitcoin has replaced gold as the alarm
Social critic and novelist James Howard Kunstler writes today that as the cycle of money creation by central banks seems to be winding down, the tax-cutting legislation in Congress is meant to keep pumping money into equities and bonds to avoid a worldwide financial collapse. Kunstler adds that with its exploding price bitcoin is doing the job gold used to do (though he doesn't address why gold is no longer doing that job) -- sounding the alarm that something is terribly wrong in the world finan
Monday, December 11, 2017
Stewart Dougherty
The War on Gold Intensifies: It Betrays the Elitists’ Panic and Augurs Their Coming Defeat (Part 2)
Dictatorship (noun): Definition #3: absolute power or authority (Websters); Def. #2: absolute, imperious or overbearing power or control (Random House);Def. #3: Absolute or despotic control or power (American Heritage);Def. #3: Absolute or supreme power or authority (Collins English Dictionary);Def. #1: A type of government where absolute sovereignty is allotted to an individual or small clique (Wikipedia).“If you know the enemy and know yourself, you need not fear the result of a hundred battle
Sunday, December 10, 2017
Mac Slavo - ShtfPlan
Silicone Valley’s ‘Working Homeless’ Shows How Hard Life Is In “Democrat’s Paradise”
Silicone Valley is the home to tech giants like Facebook, Apple, and Google. It’s also home to a surging working homeless population who live in dilapidated RV’s, tents, and their own cars, all thanks to the policies Democrats love to implement. The surging number of those working in Silicone Valley and still unable to afford adequate housing should be a warning about big government, but it sure doesn’t seem like anyone is taking notice as their taxes continue to rise. As governments creep towar
Sunday, December 10, 2017
Nathan Lewis - New World Economics
“It’s The Economy, Stupid” — Time To Get Tax Reform Done 
(This item originally appeared at Forbes.com on November 29, 2017.) https://www.forbes.com/sites/nathanlewis/2017/11/29/its-the-economy-stupid-time-to-get-tax-reform-done/#3129662d404d As we get into the final rounds of the legislative process for tax reform, it is important to keep an eye on exactly what we are trying to accomplish, and why. At base it is this: “It’s the economy, stupid.” A healthy economy solves a myriad of problems, from employment, to wages, to welfare, to healthcare, to pe
Sunday, December 10, 2017
Nathan Lewis - New World Economics
Applied Mainline Economics (2017), by Matthew Mitchell and Peter Boettke
Matthew Mitchell and Peter Boettke are academic economists at the Mercatus Center, a think tank associated with George Mason University. I like Mercatus and its work a lot, as it explicitly builds upon and follows the work of people like F.A. Hayek, Adam Smith, and James Buchanan. I don’t follow the academics too closely, but they often have some good insights, so I was looking forward to a book that might summarize some of those insights and let me know where to look for more detail. The idea b
Saturday, December 9, 2017
Mish - Global Economic Analysis
An Italian Regulator's Risk-Sharing Plan to "Cure the Eurozone"
Marcello Minenna, a division head at the Italian securities regulator, emailed his plan to "Cure the Eurozone".Marcello Minenna, the head of Quantitative Analysis and Financial Innovation at Consob, the Italian securities regulator, pinged me recently with his plan to save the Eurozone. The plan requires debt guarantees with a catch: The catch is the guarantees have a price: The riskiest countries have to pony up the most for debt insurance. His thoughts are in a downloadable PDF on Curing the
Friday, December 8, 2017
James Howard Kunstler
Stranger Things 
The hidden agenda in the so-called tax reform bill is to act as stop-gap quantitative easing to plug the “liquidity” hole that is opening up as the Federal Reserve (America’s central bank) makes a few gestures to winding down its balance sheet and “normalizing” interest rates. Thus, the aim of the tax bill is to prop up capital markets, and the apprehension of this lately is what keeps stocks making daily record highs. Okay, sorry, a lot to unpack there. Primer: quantitative easing (QE) is a the
Friday, December 8, 2017
Jeff Clark - Goldsilver
End of Year Reminder: Sell ETF Losses; Buy Physical Metals—No Wash Sale Rule
We know our readers invest in precious metals in various ways. One way is through ETFs. If you are one of these investors, pay taxes to the U.S., and are holding onto any positions with a loss since the time you bought, here’s a heads-up: if you act by December 31, you can capture that loss on your taxes without losing your exposure to metals.The “wash sale” rule was designed to discourage people from selling securities at a loss simply to claim a tax benefit. Section 1091 of the U.S. Tax Code d
Friday, December 8, 2017
Axel Merk - Merk Fund
Merk 2018 Oulook
Axel Merk, Merk Investments December 7, 2017  Follow @AxelMerk Tweet With the stock market and Bitcoin reaching all-time highs, what can possible go wrong? In offering my thoughts on 2018, I see my role in reminding investors to stress test their portfolios. Is your portfolio built of straw, sticks or brick? First, let me allege many investors have portfolios built of straw and sticks rather than brick. How do I kn
Friday, December 8, 2017
Alasdair Macleod - Finance and Eco.
Inflation v Deflation – State Finances
There is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one. This perception arises from the transfer of wealth from lenders to the state through a devaluation of the currency, which occurs with monetary inflation, compared with the transfer of wealth from the state to its creditors through deflation. The effect is undoubtedly true, even though it is played down by governments, but it ignores what happens to continuing
Friday, December 8, 2017
Peter Schiff - Euro Pacific Capital
Fake Tax Reform
After supposedly chomping on the bit for years to pass meaningful tax reform, Republicans are now set to blow an historic opportunity. Whatever version of the Bill that emerges from the House and Senate Conference Committee (which will be signed by President Trump faster than he can down a Filet o’Fish), will be far less than the Republicans envisioned when they finally captured the White House and both Congressional Chambers in 2016. But from what I have seen of the particulars, the revisions t
Thursday, December 7, 2017
Gary Tanashian - Biwii
Precious Metals Breaking Down! 3 Amigos to Abort? 4 Horsemen to Ride?
I am not trying to be a wise guy with the first half of the title (it’s a goof on alarmist media), but if you were not bear biased or outright bearish on the gold sector’s daily and weekly technicals, and its macro and sector fundamentals by now all you have left are the alarmist headlines now telling us about H&S breakdowns, HUI/Gold ratio bearishness and whatever else is going on out there in media large and small to scare the lowly gold bug.As noted in an NFTRH update last night…It’s hard to
Thursday, December 7, 2017
Chris Powell - GATA
Russian finance ministry suggests outlawing crypto mining
As the Russian government is working on laws to regulate virtual currencies, the country's finance ministry has proposed making their mining illegal. However, buying them will not be punishable. "The penalties will be different, mostly administrative, but if someone created the cryptocurrency for the purpose of settlements, then there will be a criminal punishment," said Deputy Finance Minister Aleksey Moiseev. Criminal penalties can also be applied to the creation of a financial pyramid or the
Thursday, December 7, 2017
Egon von Greyerz - Matterhorn AM
SELL CRYPTOS – BUY GOLD
During the 2006-9 financial crisis, a collapse of the global financial system was avoided by massive money printing, guarantees and allowing banks to value assets at cost rather than market, as well as a panic lowering of interest rates from as high as 6% in the US to zero or negative. Bonds issued by eight major countries currently have negative interest rates from 1 & 2 year debt for Italy up to 15 & 30 year debt for Japan, Germany and Switzerland. GLOBAL LIABILITIES OF $2 QUADRILLION Whateve
Thursday, December 7, 2017
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