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Post by sigurdur on Feb 10, 2021 13:41:24 GMT
www.nytimes.com/2021/02/05/business/black-women-economists-nina-banks.html?utm_source=pocket-newtabIt's not even just women, it's black women specifically. Courses this "economist" teaches: Courses ECON/WMST 224: African Women & Social Action ECON/WMST236: Gender, Race, and Poverty ECON/WMST 253: Gender and Migration ECON 258: Intermediate Political Economy ECON 319/WMST 318: Economic History of Women in the U.S. Our economy has become wealthy enough to permit us to pursue nonsense political policy and nonsense academics. Her students will find good jobs in the new world armed with this foundation of study. The wealth is going to be fleeting. There is no sane way to tackle the national debt. The economic consequences will not be pretty.
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Post by nautonnier on Feb 10, 2021 14:17:43 GMT
www.nytimes.com/2021/02/05/business/black-women-economists-nina-banks.html?utm_source=pocket-newtabIt's not even just women, it's black women specifically. Courses this "economist" teaches: Courses ECON/WMST 224: African Women & Social Action ECON/WMST236: Gender, Race, and Poverty ECON/WMST 253: Gender and Migration ECON 258: Intermediate Political Economy ECON 319/WMST 318: Economic History of Women in the U.S. Our economy has become wealthy enough to permit us to pursue nonsense political policy and nonsense academics. Her students will find good jobs in the new world armed with this foundation of study. The wealth is going to be fleeting. There is no sane way to tackle the national debt. The economic consequences will not be pretty. The only 'bright' part is that every other economy is going down too (perhaps with the exception of China - there's a surprise) Europe is leading the way down the spiral dive.
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Post by sigurdur on Feb 10, 2021 14:40:16 GMT
Yep.
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Post by walnut on Feb 10, 2021 15:12:04 GMT
www.nytimes.com/2021/02/05/business/black-women-economists-nina-banks.html?utm_source=pocket-newtabIt's not even just women, it's black women specifically. Courses this "economist" teaches: Courses ECON/WMST 224: African Women & Social Action ECON/WMST236: Gender, Race, and Poverty ECON/WMST 253: Gender and Migration ECON 258: Intermediate Political Economy ECON 319/WMST 318: Economic History of Women in the U.S. Our economy has become wealthy enough to permit us to pursue nonsense political policy and nonsense academics. Her students will find good jobs in the new world armed with this foundation of study. The wealth is going to be fleeting. There is no sane way to tackle the national debt. The economic consequences will not be pretty. Productivity of labor and capital is still very high, and will likely remain very high. But the debt is absolutely a looming crisis.
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Post by glennkoks on Feb 10, 2021 15:18:52 GMT
Instead of actually making sound fiscal policy and tough decisions our ruling class of Washington elitists on both sides of the aisle have found out it is much easier to simply spend our kids and grandkids futures away. The 1.9 trillion dollar stimulus will not bring back jobs lost during our response to the Corona virus. Sure it will buy a few steak dinners, a TV or two million for the uneducated and some will use it to pay a months mortgage or the balance on a credit card. The Fed will keep the free money flowing and the stock market will continue to climb for a time. Right up until it does not.
Crazy to think my father and grandfather could have avoided all the pain during The Great Depression if FDR would have just sent out the checks...
Looking back the TVA, the WPA and all of the other New Deal programs look Ultraconservative compared to our response nowadays. Unfortunately my fourth grade teacher Mrs. Owens was correct. Math does not lie. At some point in our future the cost of servicing that debt will be too big for us to handle. Banks, other nations and global institutions will no longer buy our T-Bills and T-Bonds and the same thing will happen to our nation that happens to the rest of America when they put too much on their credit cards.
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Post by missouriboy on Feb 10, 2021 15:24:18 GMT
For the first time on the 2020 IRS 1040. Uncle Sam has recognized Crypto. The Cryptobaron is not amused. Ongoing arguments as to where and how the government will dive into this. Whole companies seem to be diversifying into "virtual". Prices of the various cryptos is exploding. Elon Musk announced that "the business" owns 1.5 billion in Bitcoin. It's a brave new World ... and the Cryptobaron is whispering ... "I told you so" ... and I repeat ... "diversify". If, in 2020, you engaged in any transaction involving virtual currency, check the “Yes” box next to the question on virtual currency on page 1 of Form 1040 or 1040-SR. A transaction involving virtual currency includes, but is not limited to: • The receipt or transfer of virtual currency for free (without providing any consideration), including from an airdrop or hard fork; • An exchange of virtual currency for goods or services; • A sale of virtual currency; • An exchange of virtual currency for other property, including for another virtual currency; and • A disposition of a financial interest in virtual currency. A transaction involving virtual currency does not include the holding of virtual currency in a wallet or account, or the transfer of virtual currency from one wallet or account you own or control to another that you own or control. If you disposed of any virtual currency that was held as a capital asset through a sale, exchange, or transfer, use Form 8949 to figure your capital gain or loss and report it on Schedule D (Form 1040). If you received any virtual currency as compensation for services or disposed of any virtual currency that you held for sale to customers in a trade or business, you must report the income as you would report other income of the same type (for example, W-2 wages on Form 1040 or 1040-SR, line 1, or inventory or services from Schedule C on Schedule
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Post by walnut on Feb 10, 2021 15:34:35 GMT
Instead of actually making sound fiscal policy and tough decisions our ruling class of Washington elitists on both sides of the aisle have found out it is much easier to simply spend our kids and grandkids futures away. The 1.9 trillion dollar stimulus will not bring back jobs lost during our response to the Corona virus. Sure it will buy a few steak dinners, a TV or two million for the uneducated and some will use it to pay a months mortgage or the balance on a credit card. The Fed will keep the free money flowing and the stock market will continue to climb for a time. Right up until it does not. Crazy to think my father and grandfather could have avoided all the pain during The Great Depression if FDR would have just sent out the checks... Looking back the TVA, the WPA and all of the other New Deal programs look Ultraconservative compared to our response nowadays. Unfortunately my fourth grade teacher Mrs. Owens was correct. Math does not lie. At some point in our future the cost of servicing that debt will be too big for us to handle. Banks, other nations and global institutions will no longer buy our T-Bills and T-Bonds and the same thing will happen to our nation that happens to the rest of America when they put too much on their credit cards.And the thing is, we might get very little notice when the time is up. Similar to 2008, but on an absolutely enormous scale.
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Post by nautonnier on Feb 10, 2021 15:36:15 GMT
For the first time on the 2020 IRS 1040. Uncle Sam has recognized Crypto. The Cryptobaron is not amused. Ongoing arguments as to where and how the government will dive into this. Whole companies seem to be diversifying into "virtual". Prices of the various "cryptos is exploding. If, in 2020, you engaged in any transaction involving virtual currency, check the “Yes” box next to the question on virtual currency on page 1 of Form 1040 or 1040-SR. A transaction involving virtual currency includes, but is not limited to: • The receipt or transfer of virtual currency for free (without providing any consideration), including from an airdrop or hard fork; • An exchange of virtual currency for goods or services; • A sale of virtual currency; • An exchange of virtual currency for other property, including for another virtual currency; and • A disposition of a financial interest in virtual currency. A transaction involving virtual currency does not include the holding of virtual currency in a wallet or account, or the transfer of virtual currency from one wallet or account you own or control to another that you own or control. If you disposed of any virtual currency that was held as a capital asset through a sale, exchange, or transfer, use Form 8949 to figure your capital gain or loss and report it on Schedule D (Form 1040). If you received any virtual currency as compensation for services or disposed of any virtual currency that you held for sale to customers in a trade or business, you must report the income as you would report other income of the same type (for example, W-2 wages on Form 1040 or 1040-SR, line 1, or inventory or services from Schedule C on Schedule When does the USD become a 'virtual currency'? It is not tethered in anything physical so by definition it is virtual
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Post by walnut on Feb 10, 2021 15:37:20 GMT
For the first time on the 2020 IRS 1040. Uncle Sam has recognized Crypto. The Cryptobaron is not amused. Ongoing arguments as to where and how the government will dive into this. Whole companies seem to be diversifying into "virtual". Prices of the various "cryptos is exploding. If, in 2020, you engaged in any transaction involving virtual currency, check the “Yes” box next to the question on virtual currency on page 1 of Form 1040 or 1040-SR. A transaction involving virtual currency includes, but is not limited to: • The receipt or transfer of virtual currency for free (without providing any consideration), including from an airdrop or hard fork; • An exchange of virtual currency for goods or services; • A sale of virtual currency; • An exchange of virtual currency for other property, including for another virtual currency; and • A disposition of a financial interest in virtual currency. A transaction involving virtual currency does not include the holding of virtual currency in a wallet or account, or the transfer of virtual currency from one wallet or account you own or control to another that you own or control. If you disposed of any virtual currency that was held as a capital asset through a sale, exchange, or transfer, use Form 8949 to figure your capital gain or loss and report it on Schedule D (Form 1040). If you received any virtual currency as compensation for services or disposed of any virtual currency that you held for sale to customers in a trade or business, you must report the income as you would report other income of the same type (for example, W-2 wages on Form 1040 or 1040-SR, line 1, or inventory or services from Schedule C on Schedule They pick and choose which election laws to follow. then they lie about it. I'd say, pick and choose which tax laws to follow, then lie about it. I thought tax evasion was half the point of cryptos
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Post by walnut on Feb 10, 2021 15:41:14 GMT
Volatility ETFs and ETN's like VXX and especially VIXM hit a floor in February 2018, and have never resumed their fast futures decay driven trend downward. It bears watching, and feels to me like a harbinger for the horrible great debt that is expected to be foreclosed on sometime in the foreseeable future. some great comeuppance, not sure yet what it will be.
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Post by missouriboy on Feb 10, 2021 16:15:14 GMT
For the first time on the 2020 IRS 1040. Uncle Sam has recognized Crypto. The Cryptobaron is not amused. Ongoing arguments as to where and how the government will dive into this. Whole companies seem to be diversifying into "virtual". Prices of the various "cryptos is exploding. When does the USD become a 'virtual currency'? It is not tethered in anything physical so by definition it is virtual That is the thought. And you can bet that the Fed will screw the taxpayer to the benefit of the deep state. I have been getting lectures from the 20-year-old cryptobaron on how you recognize the manipulating techniques and timing of the "players" in the crypto markets. Marginal sales on the short stimulated highs and repurchases on the lows, superimposed on an upward trend as the players dive into the market. I whisper the analogy of "the genius vs. the goat". How do you tell the difference? I anchor the more traditional wealth base if he flies too close to the sun.
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Post by missouriboy on Feb 10, 2021 16:22:27 GMT
They pick and choose which election laws to follow. then they lie about it. I'd say, pick and choose which tax laws to follow, then lie about it. I thought tax evasion was half the point of cryptos I have a standing rule that I never mess with someone who can give me a cellmate that looks like Charles Manson.
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Post by phydeaux2363 on Feb 10, 2021 16:26:42 GMT
For the first time on the 2020 IRS 1040. Uncle Sam has recognized Crypto. The Cryptobaron is not amused. Ongoing arguments as to where and how the government will dive into this. Whole companies seem to be diversifying into "virtual". Prices of the various "cryptos is exploding. If, in 2020, you engaged in any transaction involving virtual currency, check the “Yes” box next to the question on virtual currency on page 1 of Form 1040 or 1040-SR. A transaction involving virtual currency includes, but is not limited to: • The receipt or transfer of virtual currency for free (without providing any consideration), including from an airdrop or hard fork; • An exchange of virtual currency for goods or services; • A sale of virtual currency; • An exchange of virtual currency for other property, including for another virtual currency; and • A disposition of a financial interest in virtual currency. A transaction involving virtual currency does not include the holding of virtual currency in a wallet or account, or the transfer of virtual currency from one wallet or account you own or control to another that you own or control. If you disposed of any virtual currency that was held as a capital asset through a sale, exchange, or transfer, use Form 8949 to figure your capital gain or loss and report it on Schedule D (Form 1040). If you received any virtual currency as compensation for services or disposed of any virtual currency that you held for sale to customers in a trade or business, you must report the income as you would report other income of the same type (for example, W-2 wages on Form 1040 or 1040-SR, line 1, or inventory or services from Schedule C on Schedule They pick and choose which election laws to follow. then they lie about it. I'd say, pick and choose which tax laws to follow, then lie about it. I thought tax evasion was half the point of cryptos I'm with you, Mr. Walnut. For many years now I have looked on my filing of my 1040 as an opening offer to the IRS.
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Post by walnut on Feb 10, 2021 16:42:22 GMT
They pick and choose which election laws to follow. then they lie about it. I'd say, pick and choose which tax laws to follow, then lie about it. I thought tax evasion was half the point of cryptos I'm with you, Mr. Walnut. For many years now I have looked on my filing of my 1040 as an opening offer to the IRS. I think that's how they look at it too. It's just those damn pesky 1099s etc.
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Post by missouriboy on Feb 10, 2021 16:49:51 GMT
They pick and choose which election laws to follow. then they lie about it. I'd say, pick and choose which tax laws to follow, then lie about it. I thought tax evasion was half the point of cryptos I'm with you, Mr. Walnut. For many years now I have looked on my filing of my 1040 as an opening offer to the IRS. Agreed. My two rules are 1) Report ALL income 2) Take ALL possible deductions. To fail on #1 is unarguable Fraud. To fail on #2 is an "arguable" misinterpretation.
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