👀WASHINGTON RECOGNIZES BITCOIN AS MONEY
A Washington DC court says Bitcoin is a form of money under that district's Money Transmitter Act. In this way, the court refused to dismiss the criminal charges against Larry Dean Harmon, former CEO of Dropbit, accused of selling illicit drugs on the darknet, money laundering and offering to license money transmission services.
Chief Court Judge Beryl A. Howelló says money "commonly means a medium of exchange, payment method, or value" and acknowledged that "Bitcoin is these things." Howell used the common meaning of "money" for lack of a definite and unambiguous definition of the term in the American capital.
In the opinion of Maeve Allsup and Lydia Beyoud, journalists for the business law specialist Bloomberg Law (https://news.bloomberglaw.com/us-law-week/bitcoin-deemed-money-under-dc-financial -services-law), "it is likely that the failure will have a minimal impact on bitcoin is dealt with by the market." Even so, the important thing they consider because "it aligns the rule of the D.C. with the way in which the federal and state authorities treat Bitcoin for anti-money laundering purposes."
Keep in mind that, as Peter Van Valkenburgh, research director at Coin Center explained, the court ruling only considers Bitcoin to be money in the context of the District of Columbia Money Transmission Act. You cannot extrapolate a context.
A Washington DC court says Bitcoin is a form of money under that district's Money Transmitter Act. In this way, the court refused to dismiss the criminal charges against Larry Dean Harmon, former CEO of Dropbit, accused of selling illicit drugs on the darknet, money laundering and offering to license money transmission services.
Chief Court Judge Beryl A. Howelló says money "commonly means a medium of exchange, payment method, or value" and acknowledged that "Bitcoin is these things." Howell used the common meaning of "money" for lack of a definite and unambiguous definition of the term in the American capital.
In the opinion of Maeve Allsup and Lydia Beyoud, journalists for the business law specialist Bloomberg Law (https://news.bloomberglaw.com/us-law-week/bitcoin-deemed-money-under-dc-financial -services-law), "it is likely that the failure will have a minimal impact on bitcoin is dealt with by the market." Even so, the important thing they consider because "it aligns the rule of the D.C. with the way in which the federal and state authorities treat Bitcoin for anti-money laundering purposes."
Keep in mind that, as Peter Van Valkenburgh, research director at Coin Center explained, the court ruling only considers Bitcoin to be money in the context of the District of Columbia Money Transmission Act. You cannot extrapolate a context.
Germany has united against government tyranny by banning them from working due to the coronavirus!
People are beginning to wake up and realize that the government was created to be the servant, and the people the master.
The lord must not prohibit people from working.
The servant must not steal half of the income from people in the form of taxes.
The servant must not steal from one master to give to another master.
The government should only protect the rights and freedoms of the people. It should not be a form of authoritarianism.
The only thing all governments are looking for today is not to protect the people, but to protect them from the people, kneel before their authority, know who is in charge, and be docile and easy to control.
People are beginning to wake up and realize that the government was created to be the servant, and the people the master.
The lord must not prohibit people from working.
The servant must not steal half of the income from people in the form of taxes.
The servant must not steal from one master to give to another master.
The government should only protect the rights and freedoms of the people. It should not be a form of authoritarianism.
The only thing all governments are looking for today is not to protect the people, but to protect them from the people, kneel before their authority, know who is in charge, and be docile and easy to control.
The Fed's Quantitative Expansion (QE) is not planning to stop.
Now they will start creating dollars and buying not only bonuses, but also ETFs!
What is an ETF?
An Exchange Trade Fund (ETF) is a set of assets listed on the stock exchange. ETFs are vehicles that help you invest in a diversified and low cost way. Think of a basketball team, made up of key players with different positions. Together, they can diversify their skills to win the game. Similarly, an ETF is like a "team" made up of diversified "players" such as stocks, bonds and commodities that go after the "goal" of matching its performance to that of an index, such as the S&P 500. This creates the possibility of more predictable returns compared to other investment options.
It's one thing to print money to buy bonds and other types of debt. But printing money to buy ETFs and becoming a direct player in the market is another level that will have many consequences that are still unknown.
Let the printing continue 🖨💵
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
Now they will start creating dollars and buying not only bonuses, but also ETFs!
What is an ETF?
An Exchange Trade Fund (ETF) is a set of assets listed on the stock exchange. ETFs are vehicles that help you invest in a diversified and low cost way. Think of a basketball team, made up of key players with different positions. Together, they can diversify their skills to win the game. Similarly, an ETF is like a "team" made up of diversified "players" such as stocks, bonds and commodities that go after the "goal" of matching its performance to that of an index, such as the S&P 500. This creates the possibility of more predictable returns compared to other investment options.
It's one thing to print money to buy bonds and other types of debt. But printing money to buy ETFs and becoming a direct player in the market is another level that will have many consequences that are still unknown.
Let the printing continue 🖨💵
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
How to Play Monopoly
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Universities have to convince students in the coming months that virtual education is worth the same as face-to-face education, and then they must retract it before students start believing it.
It's like you can only sell your competitor's product over the next few months.
Soon the world will begin to understand that the current educational model is broken and must be completely reformed.
The world changes almost completely every 8 years, but the education system remains the same as it was in 1920, 100 years ago!
The education system is responsible for the gap between the rich and everyone else.
The rich learn about money at home.
The poor and the middle class learn to work for money in schools and universities.
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
It's like you can only sell your competitor's product over the next few months.
Soon the world will begin to understand that the current educational model is broken and must be completely reformed.
The world changes almost completely every 8 years, but the education system remains the same as it was in 1920, 100 years ago!
The education system is responsible for the gap between the rich and everyone else.
The rich learn about money at home.
The poor and the middle class learn to work for money in schools and universities.
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
How to Play Monopoly
HOME - How to Play Monopoly
Zoom has become the jewel in the stock market during this crisis.
Zoom now has a larger market capitalization than Southwest ($14 billion), Delta ($12.3 billion), United ($5.87 billion), IAG ($4.11 billion), Lafthansa ($3.87 billion), American ($3.89 billion) and Air France ($2.14 billion) combined.
We are in the digital age, not in the industrial age.
In the industrial age you needed to have capital, land and tangible assets to build wealth.
In the digital age you need a single idea and internet access.
"They were the best times. They were the worst times." That's how this time comes down.
It's the best time for those who are open to new ideas and new ways of doing things, and it's the worst time for those who follow the old-minded that "you need money to make money," "you need to have a college education," "you need land and factories," etc.
If you're still doing what Mom and Dad want you to do (going to school, getting a job, working hard, and saving money), you're losing. Statistics show this: unemployment is exceeding the levels of the Great Depression of 1929, very few people will be able to retire comfortably, interest rates on savings are at historic lows, and the government can do nothing to help these people.
The world changed forever, but the education system remains the same.
The way business is done changed forever, but business schools continue to teach the same thing.
Jobs are disappearing, but parents continue to advise their children to improve their resumes for non-existent employment.
Interest rates are at all-time lows, but financial advisers still recommend saving money.
Financial education means taking the blindfold off.
Visit our websites to learn more with ourbooks, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
Zoom now has a larger market capitalization than Southwest ($14 billion), Delta ($12.3 billion), United ($5.87 billion), IAG ($4.11 billion), Lafthansa ($3.87 billion), American ($3.89 billion) and Air France ($2.14 billion) combined.
We are in the digital age, not in the industrial age.
In the industrial age you needed to have capital, land and tangible assets to build wealth.
In the digital age you need a single idea and internet access.
"They were the best times. They were the worst times." That's how this time comes down.
It's the best time for those who are open to new ideas and new ways of doing things, and it's the worst time for those who follow the old-minded that "you need money to make money," "you need to have a college education," "you need land and factories," etc.
If you're still doing what Mom and Dad want you to do (going to school, getting a job, working hard, and saving money), you're losing. Statistics show this: unemployment is exceeding the levels of the Great Depression of 1929, very few people will be able to retire comfortably, interest rates on savings are at historic lows, and the government can do nothing to help these people.
The world changed forever, but the education system remains the same.
The way business is done changed forever, but business schools continue to teach the same thing.
Jobs are disappearing, but parents continue to advise their children to improve their resumes for non-existent employment.
Interest rates are at all-time lows, but financial advisers still recommend saving money.
Financial education means taking the blindfold off.
Visit our websites to learn more with ourbooks, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
How to Play Monopoly
HOME - How to Play Monopoly
11 WAYS TO BE INCREDIBLY AVERAGE
1. Accept what people tell you as absolute truth.
2. Don't question authority.
3. Go to college because you are supposed to, not because you want to learn something.
4. Sit at a desk 40 hours a week.
5. Have a mediocre week or two of vacation a year.
6. Get the largest mortgage you can so that you spend 30 years of your life paying off the debt.
7. Don't try to learn any other language.
8. Think about writing a book but never do it.
9. Think about starting your own business but never do it.
10. Don't try to get attention or excel.
11. Teach your children to do the same.
What if I told you that you have become a participant in a compulsory game, a victim in a dream genocide, an institutionally pawn led by the indoctrination that every human must go to college, get a job, get married, have children, using credit cards, financing a car, mortgaging a house, paying a lot of taxes (further strengthening their obedience), saving and trusting the little that remains of their salary to Wall Street or a pension fund, all while continuing to lie to themselves himself every morning saying that he is leading a "normal" life?
You don't have to live your life the way society expects you to live it.
Break the paradigm.
Rewrite the script of your life.
1. Accept what people tell you as absolute truth.
2. Don't question authority.
3. Go to college because you are supposed to, not because you want to learn something.
4. Sit at a desk 40 hours a week.
5. Have a mediocre week or two of vacation a year.
6. Get the largest mortgage you can so that you spend 30 years of your life paying off the debt.
7. Don't try to learn any other language.
8. Think about writing a book but never do it.
9. Think about starting your own business but never do it.
10. Don't try to get attention or excel.
11. Teach your children to do the same.
What if I told you that you have become a participant in a compulsory game, a victim in a dream genocide, an institutionally pawn led by the indoctrination that every human must go to college, get a job, get married, have children, using credit cards, financing a car, mortgaging a house, paying a lot of taxes (further strengthening their obedience), saving and trusting the little that remains of their salary to Wall Street or a pension fund, all while continuing to lie to themselves himself every morning saying that he is leading a "normal" life?
You don't have to live your life the way society expects you to live it.
Break the paradigm.
Rewrite the script of your life.
Teach your kids financial literacy fast, instead of letting them make the same mistakes we do.
Teach them about debt, banks, real estate, business, stocks, gold, accounting, sales, and asset protection before school conditions them to look for a job paying well with benefits.
The first thing they learn will define much of their future and what they do with their lives.
Don't buy your kids the things you never had.
Teach them the things that no one bothered to teach you but that determine success in the real world.
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
Teach them about debt, banks, real estate, business, stocks, gold, accounting, sales, and asset protection before school conditions them to look for a job paying well with benefits.
The first thing they learn will define much of their future and what they do with their lives.
Don't buy your kids the things you never had.
Teach them the things that no one bothered to teach you but that determine success in the real world.
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
How to Play Monopoly
HOME - How to Play Monopoly
You need two types of education:
1. The education they give you (school, university, etc.).
2. The education you give yourself (books, courses, mentors, podcasts, real experiences, etc.).
The last one is the most important.
What others teach you does not have as great an impact as what you teach yourself.
Traditional education will give you a life.
Self-education will give you a fortune.
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
1. The education they give you (school, university, etc.).
2. The education you give yourself (books, courses, mentors, podcasts, real experiences, etc.).
The last one is the most important.
What others teach you does not have as great an impact as what you teach yourself.
Traditional education will give you a life.
Self-education will give you a fortune.
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
How to Play Monopoly
HOME - How to Play Monopoly
Federal Reserve: "We have infinite money."
Bank of England: "We have unlimited amounts of money."
European Central Bank: "There are no limits to the money we can create."
Those are phrases said literally by three of the world's largest central banks. And for those phrases it is that gold and bitcoin do not stop rising.
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
Bank of England: "We have unlimited amounts of money."
European Central Bank: "There are no limits to the money we can create."
Those are phrases said literally by three of the world's largest central banks. And for those phrases it is that gold and bitcoin do not stop rising.
Visit our websites to learn more with our books, blogs and resources 👇🏻:
✅ https://how2playmonopoly.com/
How to Play Monopoly
HOME - How to Play Monopoly
💵NEW YORK TIMES VS. TRUMP
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A New York Times report states that Trump has paid nothing for income tax for many years, and in 2016 and 2017 paid as little as $750. The reason for this is that the debt for which Donald Trump ($450 million) is personally responsible counteracts his taxes.
-
We've been saying it for a while: the rich pay little or no tax.
-
Why? For two main reasons:
-
1.Debt
2.Depreciation
-
Donald Trump doesn't pay taxes because his passive losses from the depreciation of his real estate outweigh his income. This causes Trump's ledgers to show a "loss." This loss, of course, is only on paper. In reality Trump makes millions every year.
-
Is this legal? Yes.
Does this apply in all countries? Yes.
Can anyone do it? No. Only financially educated investors and entrepreneurs and competent advisors can do this. People who have a job, save money, have no debts and don't invest can't do this and are doomed to pay high taxes forever (or evade taxes, which is illegal).
-
Let's remember Donald Trump's two most famous phrases that explain his success:
-
"I am the king of debt."
"I don't pay taxes because I'm smart."
-
A president who knows how not to pay any taxes legally is the kind of president I like. I'd rather Donald Trump keep all his money to reinvest before he sent it to Washington for a handful of bureaucrats to waste or deliver on cheap subsidies.
-
A New York Times report states that Trump has paid nothing for income tax for many years, and in 2016 and 2017 paid as little as $750. The reason for this is that the debt for which Donald Trump ($450 million) is personally responsible counteracts his taxes.
-
We've been saying it for a while: the rich pay little or no tax.
-
Why? For two main reasons:
-
1.Debt
2.Depreciation
-
Donald Trump doesn't pay taxes because his passive losses from the depreciation of his real estate outweigh his income. This causes Trump's ledgers to show a "loss." This loss, of course, is only on paper. In reality Trump makes millions every year.
-
Is this legal? Yes.
Does this apply in all countries? Yes.
Can anyone do it? No. Only financially educated investors and entrepreneurs and competent advisors can do this. People who have a job, save money, have no debts and don't invest can't do this and are doomed to pay high taxes forever (or evade taxes, which is illegal).
-
Let's remember Donald Trump's two most famous phrases that explain his success:
-
"I am the king of debt."
"I don't pay taxes because I'm smart."
-
A president who knows how not to pay any taxes legally is the kind of president I like. I'd rather Donald Trump keep all his money to reinvest before he sent it to Washington for a handful of bureaucrats to waste or deliver on cheap subsidies.
Warren Buffett explained the role that interest rates play in asset prices: "If interest rates are 0%, the value of assets can be theoretically infinite." This is because the value of an asset is the future cash flow discounted at an interest rate. The higher the interest rate, the lower the present value of this flow. The lower the interest rate, the higher the value of the asset. Interest rates are like gravity to asset prices and the wealth of the rich.
Yes, in a pure capitalism there would still be inequality (after all, there will always be inequality because we are not equal), but not in the proportions that exist today.
So, contrary to what the technocrats in Davos are saying, all the poverty and inequality that exists today is the fault of central banks and governments (which they themselves run or manipulate), not capitalism. In capitalism there would be no central banks, we would have money backed by gold (not fiat money) and taxes would be minimal.
If Davos were really discussing how to end poverty and inequality in the world, and how to promote genuine economic growth that benefits all, they would be discussing these proposals:
1 - Return to a gold standard. This would eliminate once and for all and forever the problem of inflation. Everyone knows that inflation is a regressive tax created by the government that affects the most vulnerable people the hardest.
2 - Eliminate central banks. Let interest rates be determined by the free market. The United States was the most prosperous country in history and went through the industrial revolution WITHOUT a central bank.
3 - Eliminate income tax for the rich, poor, middle class and corporations. The government should limit itself to financing its expenses with what it collects from small consumption taxes, modest tariffs and VAT on non-essential items. This is how the United States was financed for more than 100 years. It managed to be the richest country in history and go through the industrial revolution without a federal income tax.
But in Davos they will never discuss these proposals, because the technocrats who attend these meetings seek to increase the power they have over our lives, not decrease it. In fact, many of them would not be billionaires were it not for this system of fiat money, central banks, and statism.
Yes, in a pure capitalism there would still be inequality (after all, there will always be inequality because we are not equal), but not in the proportions that exist today.
So, contrary to what the technocrats in Davos are saying, all the poverty and inequality that exists today is the fault of central banks and governments (which they themselves run or manipulate), not capitalism. In capitalism there would be no central banks, we would have money backed by gold (not fiat money) and taxes would be minimal.
If Davos were really discussing how to end poverty and inequality in the world, and how to promote genuine economic growth that benefits all, they would be discussing these proposals:
1 - Return to a gold standard. This would eliminate once and for all and forever the problem of inflation. Everyone knows that inflation is a regressive tax created by the government that affects the most vulnerable people the hardest.
2 - Eliminate central banks. Let interest rates be determined by the free market. The United States was the most prosperous country in history and went through the industrial revolution WITHOUT a central bank.
3 - Eliminate income tax for the rich, poor, middle class and corporations. The government should limit itself to financing its expenses with what it collects from small consumption taxes, modest tariffs and VAT on non-essential items. This is how the United States was financed for more than 100 years. It managed to be the richest country in history and go through the industrial revolution without a federal income tax.
But in Davos they will never discuss these proposals, because the technocrats who attend these meetings seek to increase the power they have over our lives, not decrease it. In fact, many of them would not be billionaires were it not for this system of fiat money, central banks, and statism.