According to Barter News Weekly, the Israeli government will now charge capital gains tax on profits made from Bitcoin transactions. here is their report:
TEL AVIV – Transactions involving Bitcoins in Israel could be treated as barter transactions, and profits from coin sales could be charged a capital gains tax.
Late last week the Israeli Tax Authority issued a circular detailing the authority’s stance on the taxation of cryptocurrencies, saying that the Bitcoins and other cryptocurrencies shall be treated as assets when sold.
Cryptocurrencies are often considered to fall into a legal grey area for the purposes of taxation, with some countries classifying them as financial instruments, or currency, or an equivalent of a currency, or an asset.
The ITA has now decided that any cryptocurrency sold in Israel shall be regarded as the sale of an asset, and, subsequently, will carry a potential capital gains tax obligation.
The profits made from the sale of cryptocurrencies will need to be declared to the tax authority.
Some experts have noted that if the currency is treated as assets, any businesses accepting crypto-coins as payment will need to treat the transaction as a barter transaction, and will be required to complete their tax filling obligations accordingly.
The treatment of cryptocurrency as an assets does not preclude any transactions from falling under the scope of the country’s VAT system.
It has been said that, “the power to tax is the power to destroy.” Well, the decision of the Israeli tax authorities to tax Bitcoin transactions as asset transfers may not destroy Bitcoin as a speculative medium, but it will surely inhibit its use as a payment medium. The money and banking cartel hates competition.–t.h.g.
This video featuring Dr. Paul Craig Roberts is a “must view.” Roberts, who was Assistant Secretary of the Treasury for Economic Policy under Ronald Reagan, explains very clearly how Greece was lured into its present predicament and made a “colony of the EU.”
If the Greek economy is to be rebuilt and some measure of Greek independence restored, ways must be found to create domestic liquidity independent of the global banking system . Domestic currencies might be issued by the national government or by regional governments, or liquidity could be created by private enterprises in the form of private currencies or credit clearing exchanges. I’ve explained in detail how this can be done in my article, 50 Ways to Leave the Euro.
Looking beyond Greece, Roberts speaks about inflation and unemployment and the true state of the U.S. economy, as well as U.S. foreign policy and the causes of the current geopolitical crisis.
Other important videos to watch are:
Max Keiser’s December 22 interview of Roberts, where he talks about Trump’s cabinet picks and relations with Russia, and
Michel Chossudovsky’s take on the “sweeping measures taken [against Russia] by Obama on December 29.”
# # #
This new post by Paul Craig Roberts is the best, most authoritative assessment I’ve seen of the current geopolitical situation and explains how the Trump administration is shaping up to possibly be in opposition to the neoconservative agenda and what Roberts refers to as The “military/security complex.”
He says, “Clearly, the military/security complex and the neoconservatives see Trump and Tillerson as threats, which is why the neoconservatives and the armaments tycoons so strongly opposed Trump and why CIA Director John Brennan made wild and unsupported accusations of Russian interference in the US presidential election.”
Read the entire article here.
In an interview Tuesday on “The Alan Colmes Show,” former CIA analyst Ray McGovern had some startling things to say about the alleged Russian hack of the emails of the Democratic National Committee. McGovern, a veteran of 27 years with the CIA, said that it was not the Russians, but probably a disgruntled Bernie supporter inside the DNC who leaked them, and named Seth Rich as the person most likely responsible. Rich was shot to death early in the morning of Sunday, July 10, 2016. Interestingly, Wikileaks founder, Julian Assange, has offered a $20,000 reward for information leading to the arrest of the killer. McGovern further argued that President Obama takes his marching orders on these matters from CIA director, John Brennan.
Listen to the full interview here.
Twenty five years after the collapse of the Soviet Union, Mikhail Gorbachev, its last President, has given an interview to the BBC in which he describes the collapse as a “coup.” He goes on to accuse Russian bureaucrats of forming corporations to steal the nation’s riches, and criticize the West for “provoking Russia.”
The full transcript of the interview can be found at http://www.bbc.com/news/world-europe-38289333
During my October tour, I gave three presentations in Kuala Lumpur, Malaysia and another in Sardinia, Italy. Two of the Malaysia presentations were at the International Forum on Inclusive Wealth, but I do not yet have recordings of those. The third was an extended presentation and discussion (on October 10) at the Institute of Advanced Islamic Studies titled, A World Without Money and Interest: A pathway toward social justice and economic equity. Here below is the video of the proceedings, or you can watch it on YouTube at https://youtu.be/8BejigzDAVY. The audio only is here, and the slides that were used in that talk can be viewed here.
Michael Hudson is one of the few academic economists who is worth listening to. He understands how bankers and politicians of both major parties have been deceiving and fleecing the people and he is willing to expose it. In this video he explains how it works and how both Trump and Hillary have planned to continue (and intensify) the fleecing
Michael Hudson: Donald Trump Wants to Make the 1% Even Richer
In an earlier post prior to the election I observed that, “The US has been on the road to fascism for a long time. Both Democrats and Republicans have for decades been advancing the same agenda of ceding power to transnational mega-corporations and the global banking cartel. So called “free trade” agreements are simply ways of allowing capital to more freely, exploit labor and the environment, and forcing governments to guarantee their profits.
Changes in financial regulations, like the repeal of Glass-Steagall under Bill Clinton in 1999, have enabled banking companies to grow to monstrous size (“too big to fail”) and to more easily cheat the clients they are supposed to serve.”
Now Jordan Chariton, while he does not call it fascism, details this trend in his article, Trump’s victory over Clinton was sealed 40 years ago. He points out that Bill Clinton continued the trend that began under Ronal Reagan, and that it was Clinton who presided over the deregulation of the Telecom Industry, repeal of Glass-Steagall, deregulation of credit-default swaps, loosened banking rules, and NAFTA, all of which contributed to the dismantling of American manufacturing and the decline of the American middle class.
He concludes that “The GOP, and Donald Trump, is not the answer. Unfortunately, a cowardly and corrupt Democratic Party let millions of people think they are.”
I am inclined to agree with Paul Waldman who wrote in the Washington Post If you voted for Trump because he’s ‘anti-establishment,’ guess what: You got conned. He says:
“An organizational chart of Trump’s transition team shows it to be crawling with corporate lobbyists, representing such clients as Altria, Visa, Coca-Cola, General Electric, Verizon, HSBC, Pfizer, Dow Chemical, and Duke Energy. And K Street is positively salivating over all the new opportunities they’ll have to deliver goodies to their clients in the Trump era.”
Another indication of that reality is the stock market surge on the day after the election. The companies that gained the most were banks, weapons manufacturers, and drug companies.
No, Donald Trump is not the one who will “make America great again.” That is a job that needs to be done by you and me and all of us working together to find common ground and create new systems and structures that are honest, open, transparent and consistent with our most fundamental values.
# # #
In this interview, Wikileaks founder, Julian Assange reveals, among other things, that the governments of Saudi Arabia and Qatar are funding ISIS and have been making huge financial contributions to the Clintons. Just published today, November 5, 2016.
Julian Assange has been living for the past four years in the Ecuadoran embassy in London. While he has not been charged with any crime and the early allegations against him have been shown to be without merit, there is no doubt that if he sets foot outside the embassy he will be taken into custody by police and extradited to either Sweden or the United States. Assange is a political prisoner of the global elite Establishment.
After having his internet access cut off by the Ecuadorian Embassy where he has been given sanctuary, Wikileaks founder Julian Assange had to deliver his speech by telephone. His story and the work of the information service which he founded are of great importance to the cause of freedom and government by the people.
There is some annoying buzzing at some points in the video but it remains understandable.
A full transcript can be found at https://www.reddit.com/r/WikiLeaks/comments/59myng/assange_102616_full_transcript/.
“There are no conspiracies only conspiracy theories and nuts who believe them. Elections in America are not rigged, but there are many nuts who think they are. The United States is the champion of democracy and its interventions in countries around the world are conducted only for the purpose of deposing dictators and freeing the people to choose their leaders.”
These are some of the myths that the mainstream media have long been trying to sell to the public but as evidence to the contrary mounts up and the chorus of truth-tellers becomes ever larger their job has become more difficult. Add to the mix a Presidential candidate who dares to cast doubt upon any of part of the official version of reality and the pundits in the MSM go ballistic. It is almost laughable to see them so obviously reveal their biases.
While I consider Donald Trump to be a narcissistic nincompoop and cannot bring myself to vote in favor of his presidency, I do admire his willingness to speak the unspeakable and to give the American people at least the appearance of an alternative to the elite agenda. I further credit him for refusing to fall into line against Russian president Vladimir Putin who is understandably just trying to prevent threats from the west from camping out in Russia’s front yard.
More authoritative sources than I have thoroughly articulated the current domestic and geopolitical reality for anyone who cares to know. Here are just a few of them:
- Gerald Celente
- F. William Engdahl
- Michael Hudson
- John Perkins
- Charles Hugh Smith
- Noam Chomsky
- Thom Hartman
- Chris Martinson
- Jim Rickards
- David Stockman
- Wesley Clark
- Chris Hedges
- Michael Parenti
- Paul Craig Roberts
- Oliver Stone
And you might want to check out Rob Kall’s take on election integrity over on Op-Ed News.
[EDIT] I just viewed this video of Alex Jones that reveals how desperate the global elite are to impose their “New World Order” by removing obstacles like Russia that refuse to go along, by starting a hot war if necessary. So who is the worse choice, Hillary, the hawk who is the chosen agent of the elite, or Trump? Is there any chance at this late date of electing one of the third party candidates? What can we do to stop this madness? The hour is late and the stakes could not be any higher.
# # #