Top economic historian:"There is absolutely NO evidence one may find from history that would EVER suggest that there will be an orderly transition to some new economic system. It has NEVER happened even once in 6,000 years of history. The sanctions imposed on Russia that justified confiscating private assets have not just violated international law, it has divided the world economy and put an end to globalization. By any way we slice this, the foundation of Western ethics and economy has come to an end. We must begin to prepare for a new form of government post-2032. We are indeed sleepwalking into our own destruction of everything that was built post-WWII https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/sleepwalking-into-our-own-demise
Sadly all very true. This is a generational war for our very survival. Resistance and non-compliance is one option for the 99% - lampposts and guillotines is another.
A nice little collection of truths! Thx. Coincidentally, I just finished book: Killing the SS: The Hunt for the Worst War Criminals in History, by O'Reilly and Dugard; it's about hunting Nazi war criminals after World War II. Will the highly motivated give a flying rat's ass about an extradition treaty?
Yep. Someone who's seen their child die in the arms after a "required" killer clot shot, who themselves is quadruple injected and now has VAIDS, an irreversibly destroyed immune system, and a few years at best to live, has very little to lose. Hired security is least effective when someone is willing to die to equal a score, as the world learned with suicide bombers. I would love to be wrong, but with 1.5 million vax deaths in the US (Kirsch) and many more life-destroying injuries, there will be a lot of loose cannons trying to tie up loose ends.
MUST HEAR! Legendary financial and geopolitical cycle analyst Martin Armstrong said the time to prepare is now for the chaos that is coming in 2023. The destabilization of America has been kicked into high gear early with the FBI raid on President Trump’s Florida home this week. Armstrong explains, “This really is unprecedented . . . . In the United States, we are supposed to have civilized transfer of power. That’s all coming to an end. I am not being dramatic here. From a legal perspective, this is completely unprecedented. The danger of this is once they have done this, if the Republicans are ever allowed to get back into power, they would only end up doing the same thing to the Democrats. . . . It’s striking a real deathblow to the very idea of a democracy. We are not, at least we were not until today, someplace like Guatemala where you throw the opposition in jail, kill them or whatever you do. This is what’s going on. They are so afraid of Trump running in 2024 that this is just over the top. Once they did this, there is no end.” https://www.armstrongeconomics.com/armstrong-in-the-media/interview-trump-raid-deathblow-to-democracy/
F. A. Hayek in his famous book, The Road to Serfdom, said that the worse rise to the top, not the best. Perhaps he meant the most stupid rise to the top. How else do we understand Germany’s Foreign Minister who wants to close Germany’s nuclear plants that produce energy, now that Germany is conspiring to abandon its use of Russian energy along with its coal plants, but is willing to provide weapons to Ukraine to cause another Ukrainian Chernobyl? How is radioactive contamination a green policy?
Most likely the German Foreign Minister is too stupid to have ever considered the incongruity in his position.
Shortly after Biden got into office (and they ‘won’ the two GA senate seats) they passed the American Rescue Plan - March 2021 (don’t you love the name!) and in it was the plan to introduce the 1099K for payment processors, Ebay, Etsy etc. for transactions totaling $600 effectively hurting lower/middle income individuals that have small businesses or sell things personally. Now they have their army to harass them and make sure they pay their taxes. Meanwhile most have no idea this was implemented and are going to be in for big shock when they do their taxes next year.
Section 9674(a) of the ARPA changes the de minimis threshold for Form 1099-K reporting for TPSOs. (No de minimis threshold applies with respect to payment card transactions.) Currently, the de minimis rule under section 6050W(e) provides that a TPSO is required to report on Form 1099-K with respect to third party network transactions of any participating payee only if (1) the amount that would otherwise be reported exceeds $20,000, and (2) the aggregate number of transactions exceeds 200. The new law replaces this two-step de minimis standard with a single $600 reporting threshold effective for 2022. Accordingly, a single transaction for more than $600 settled through a TPSO will now be reportable as will multiple transactions that total more than $600.
Top economic historian:"There is absolutely NO evidence one may find from history that would EVER suggest that there will be an orderly transition to some new economic system. It has NEVER happened even once in 6,000 years of history. The sanctions imposed on Russia that justified confiscating private assets have not just violated international law, it has divided the world economy and put an end to globalization. By any way we slice this, the foundation of Western ethics and economy has come to an end. We must begin to prepare for a new form of government post-2032. We are indeed sleepwalking into our own destruction of everything that was built post-WWII https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/sleepwalking-into-our-own-demise
Sadly all very true. This is a generational war for our very survival. Resistance and non-compliance is one option for the 99% - lampposts and guillotines is another.
Wonderful collage Jimy, thank you. I have sent it to Admin at: https://www.theburningplatform.com/ where I repost my Substack:
https://www.theburningplatform.com/author/austrian-peter/
Thank you!!
A nice little collection of truths! Thx. Coincidentally, I just finished book: Killing the SS: The Hunt for the Worst War Criminals in History, by O'Reilly and Dugard; it's about hunting Nazi war criminals after World War II. Will the highly motivated give a flying rat's ass about an extradition treaty?
Yep. Someone who's seen their child die in the arms after a "required" killer clot shot, who themselves is quadruple injected and now has VAIDS, an irreversibly destroyed immune system, and a few years at best to live, has very little to lose. Hired security is least effective when someone is willing to die to equal a score, as the world learned with suicide bombers. I would love to be wrong, but with 1.5 million vax deaths in the US (Kirsch) and many more life-destroying injuries, there will be a lot of loose cannons trying to tie up loose ends.
MUST HEAR! Legendary financial and geopolitical cycle analyst Martin Armstrong said the time to prepare is now for the chaos that is coming in 2023. The destabilization of America has been kicked into high gear early with the FBI raid on President Trump’s Florida home this week. Armstrong explains, “This really is unprecedented . . . . In the United States, we are supposed to have civilized transfer of power. That’s all coming to an end. I am not being dramatic here. From a legal perspective, this is completely unprecedented. The danger of this is once they have done this, if the Republicans are ever allowed to get back into power, they would only end up doing the same thing to the Democrats. . . . It’s striking a real deathblow to the very idea of a democracy. We are not, at least we were not until today, someplace like Guatemala where you throw the opposition in jail, kill them or whatever you do. This is what’s going on. They are so afraid of Trump running in 2024 that this is just over the top. Once they did this, there is no end.” https://www.armstrongeconomics.com/armstrong-in-the-media/interview-trump-raid-deathblow-to-democracy/
F. A. Hayek in his famous book, The Road to Serfdom, said that the worse rise to the top, not the best. Perhaps he meant the most stupid rise to the top. How else do we understand Germany’s Foreign Minister who wants to close Germany’s nuclear plants that produce energy, now that Germany is conspiring to abandon its use of Russian energy along with its coal plants, but is willing to provide weapons to Ukraine to cause another Ukrainian Chernobyl? How is radioactive contamination a green policy?
Most likely the German Foreign Minister is too stupid to have ever considered the incongruity in his position.
https://2ndsmartestguyintheworld.substack.com/p/the-incongruities-of-our-time-are?utm_source=substack&utm_medium=email
Here’s the Biden plan: Disarm Americans, open the border, empty the prisons–but rest assured, they’ll still collect your taxes, and they need $725,000 worth of ammunition, apparently, to get the job done,” he told Fox News last week. https://2ndsmartestguyintheworld.substack.com/p/be-willing-to-use-deadly-force-irs?utm_source=substack&utm_medium=email
Shortly after Biden got into office (and they ‘won’ the two GA senate seats) they passed the American Rescue Plan - March 2021 (don’t you love the name!) and in it was the plan to introduce the 1099K for payment processors, Ebay, Etsy etc. for transactions totaling $600 effectively hurting lower/middle income individuals that have small businesses or sell things personally. Now they have their army to harass them and make sure they pay their taxes. Meanwhile most have no idea this was implemented and are going to be in for big shock when they do their taxes next year.
Section 9674(a) of the ARPA changes the de minimis threshold for Form 1099-K reporting for TPSOs. (No de minimis threshold applies with respect to payment card transactions.) Currently, the de minimis rule under section 6050W(e) provides that a TPSO is required to report on Form 1099-K with respect to third party network transactions of any participating payee only if (1) the amount that would otherwise be reported exceeds $20,000, and (2) the aggregate number of transactions exceeds 200. The new law replaces this two-step de minimis standard with a single $600 reporting threshold effective for 2022. Accordingly, a single transaction for more than $600 settled through a TPSO will now be reportable as will multiple transactions that total more than $600.
https://www.bloomberg.com/news/articles/2022-06-08/ebay-sellers-face-1099-k-tax-headache-under-new-irs-rule
Wow. Powerful opening scene. I will be watching the rest. Thank you for posting.