Generational Dynamics Forum - New Site

Excise tax on stock buybacks can be easily evaded by using shell corporations.
The Demsheviks puppet show on the cave wall for the masses of demshevik voter plantation asses is precious.

Bottom line, Senator Sinema now supports the $700 billion climate change.

Half of small businesses will cease to exist. They are being wiped cleaned from SALT and looters in plain site.

The actual dumb asses are the nob polishers commenting on the nervous nellies who never have had a clue anyways more than not.
Abject a$$ kissing prostitute morons.

https://theconservativetreehouse.com/wp ... 68x696.jpg

https://www.taxpolicycenter.org/briefin ... w-it-taxed
The barrier costs are cemented in. The velvit rope just made sure.

A carried or profits interest in a partnership is a right to a share of the profits separate from an interest in the assets or capital of the partnership. For example, if a partnership has $1,000 of capital and earns $100, a 15% carried interest would give the
holder the right to 15% of the $100 profits and none of the $1,000 of capital.
A capital interest gives the holder the right to both profits and capital. A 15% capital interest in
the same partnership would be entitled to both 15% of the $100 profits and of the $1,000 capital.
Carried interests and profits interests are effectively the same thing so use the terms interchangeably.
The two most prominent articles on the topic are Mark P. Gergen, Reforming Subchapter K: Compensating Service Partners,
48 Tax L. Rev. 69 (1992) [hereinafter Service Partners], and Victor Fleischer, Two and Twenty: Taxing Partnership Profits in
Private Equity Funds, 83 N.Y.U. L. Rev. (forthcoming 2008) [hereinafter Two and Twenty].
There have been four congressional hearings on the topic. See Carried Interest Part I: Hearing Before the S. Comm. on Finance, 110th Cong. (2007), available at http://www.senate.gov/-finance/sitepage ... 07l107.htm;
Carried Interest Part II: Hearing Before the S. Comm. on Finance, 110th Cong. (2007), available at
http://www.senate.gov/-finance/sitepage ... 073107.htm; Carried Interest Part
III: Pension Issues: Hearing Before the S. Comm. on Finance, 110th Cong. (2007),
available at http://www.senate.gov/-finance/sitepage ... 090607.htm; Fair and
Equitable Tax Policy for America's Working Families: Hearing Before the H. Comm.
on Ways and Means, 110th Cong. (2007), available at http://waysandmeans.house.gov/
hearings.asp?formmode=detail&hearing=584. Legislation has been introduced on a
number of aspects of the issue including the Levin Bill, H.R. 2834, 110th Cong.
(2007), and the Baucus-Grassley Bill, S. 1624, 110th Cong. (2007). For background
information and descriptions of the bills, see Staff of Joint Comm. on Taxation, 110th
Cong., Present Law and Analysis Relating to Tax Treatment of Partnership Carried
Interests and Related Issues, Part I (JCX-62-07, Sept. 4, 2007) [hereinafter Partnership Carried Interests, Part I, Sept. 4]; Staff of the Joint Comm. on Taxation, 110th Cong., Present Law and Analysis Relating to the Tax Treatment of Partnership Carried Interests and Related Issues, Part II (JCX-63-07, Sept. 4, 2007)

If your into 2 and 20 nothing can be done for you. No one cares as the wasting was and is cemented in. Not a damn fact can save the single proprietors now. Jackals and worse own the Halls of sticky wages.

They underestimate the prominent role AI will play in the coming financial control system and there is no loyalty.
White collar is finished. The Beach Bum and Captain Oatmeal have perimeters.
The deflationary phase of the Greater Depression has started.

$456,548 tax-payer-funded security fence as the border cult allows the hypocritical carnage.

As we noted you first as we will hold your beer.
Good luck pilgrim's.

Sun Mar 26, 2017 10:52 am
When is the only fact now.
Inflation will run over three percent this year and those in its way scream for mercy in a few short years when it goes hot
as less is more will over come the proverbial life raft like a wave that will not be stopped.

Eastern Europe has seen the biggest demographic crisis since ancient times, certainly on a par with the Great plague.
They have transferred almost the entire youth of eastern Europe into the core usury centers.
However births imploded after the fall of the wall.
Post 1990 kids do not exist in sufficient numbers.
Now they must use more extreme means to channel all into their vamparic arms.
That is wreck the coast of North Africa, destroy pseudo feudal Syria, engage in low level but constant war in the Ukraine.
The goal is obvious. cork

John wrote: Wed Feb 17, 2021 6:06 pm ** 17-Feb-2021 World View: Paper trails

Cool Breeze wrote: Wed Feb 17, 2021 5:40 pm > Who says they know you have it? Most people who opine on BTC in a
> critical way don't even know what possibilities are out there, or
> how hard it is for others (yes it is quasi-anonymous) to come
> after you. As if they have all the enforcers in the world to go
> after non billion dollar people deemed illegitimate. It's time to
> step up your game, you guys don't even know what mixing is,
> etc.

That makes it no different from cash. If someone pays you cash under
the table and you bury it in your basement so that the Feds don't know
about it, then they can't confiscate it. If they pay you in bitcoin,
it's the same.

The problem comes with paper trails. If someone pays you $25,000 in
bitcoin, then that transaction may appear in the financial statement
of the person paying you, and Feds can trace that payment back to you.

And here's a problem that you have with bitcoin but not with cash: If
you receive $25,000 in bitcoin, and you want to use that money in a
place that requires dollars, then you'll have to convert it, and that
transaction could be discovered by the Feds.

If you and all the people you transact with stay off the grid, and you
all transact only in bitcoin, then you can avoid being detected. But
if one person in your circle makes a mistake and the Feds find him,
then they can follow the paper trail to you --- same as cash.

Theres a lot of artificial intelligence work being done globally by tax and security authorities on the tracking of digital assets. Its essential not just for tax reasons but crime and terrorism. There are some very interesting articles on the subject if you google. I am not anti digital assets and believe they have a long term place in the financial world. How they are valued will change from the present as the tax, terrorist and crime attractions will be lost.
This also fits well with artificial intelligence developments on tax. Consider: tax is a huge amount of information applied to the specific circumstances of an individual tax payer resulting in a single answer (or a small number of options) In a world that is shades of grey, tax is surprisingly black/white and will be an early beneficiary for AI

https://breggin.com/ Alert 13, 08/14/17 : Katie Rayburn, an Assistant DA in the Michelle Carter texting suicide case, on August 10, 2017 asked the judge who presided over the case to stop my blog series about Michelle Carter on the Mad in America website

https://breggin.com/category/frequent-alerts/
doxxing, misanthrope

time to skew the trends, play icp and rammstein loop mix for their identity politics profile updates.

Once they understand the psychological motivations they can solve the problem.

Like drugging 14 year old minds and wonder why they fail on prozac?
The kid that rammed the crowd was legally drugged, booted out of the Army
and has been dehumanized legally. We all know it.

Dear LEO hope you enjoy ICP, After The Fire, with a Rammstein kicker for your weekly strawberry fields forever culture expansion tour.

https://www.youtube.com/watch?v=idDTt5T2b5g
Der Kommissar Bern on stage.
http://gdxforum.com/forum/search.php?ke ... sf=msgonly
http://www.zerohedge.com/news/2017-08-1 ... -september

http://www.nasdaq.com/symbol/leo

https://www.youtube.com/watch?v=Q0zKi0frXhM never champion us
the democrats are shark eyed self funded no platform give a shit soul less ghouls
remember these are democrats talking

2016 aca fine $695, so less food since food over aca is all that can be done.

https://www.treasury.gov/tigta/auditrep ... 3027fr.pdf

http://obamacarefee.com/2017-calculator/

Health policy wonks point out that the individual mandate was originally a Republican idea, advocated by academics and conservative thinkers as a way to avoid a government-run single-payer system. "The purpose of it was to round up the stragglers who wouldn't be brought in by subsidies," said Mark Pauly, a University of Pennsylvania economist, in a 2011 interview. He co-authored a Health Affairs study in 1991 that aimed to persuade then-President George H.W. Bush to adopt a universal health care requirement.

nope
HMO
Ehrlichman: “Edgar Kaiser is running his Permanente deal for profit. And the reason that he can … the reason he can do it … I had Edgar Kaiser come in … talk to me about this and I went into it in some depth. All the incentives are toward less medical care, because …”
President Nixon: [Unclear.]
Ehrlichman: “… the less care they give them, the more money they make.”
President Nixon: “Fine.” [Unclear.]
Ehrlichman: [Unclear] “… and the incentives run the right way.”
President Nixon: “Not bad.”
[Source: University of Virginia Check - February 17, 1971, 5:26 pm - 5:53 pm, Oval Office Conversation 450-23.

http://www.zerohedge.com/news/2017-07-2 ... re-economy
Doug Short reveals the period in which the top 20% pulled away from the bottom 80%, and the top 5% pulled away from the bottom 95%. In 1990-92, the gap between the bottom 80% and the top 20% and 5% was modest. The go-go decade of the dot-com boom saw the income of the top 20% pull away from the bottom 80% and the income of the top 5% leave the bottom 95% in the dust.

They will print till their eyes bleed. cougar

I am still enigmatic on tipping points 80:20 outliers of the groups. IMO pain lingers, going to reread Minski again better than todays news anyway. No one will borrow since that last dollar buys your last loaf of bread.
Wed Sep 09, 2009 7:47 pm

Although the CRA was signed into law by Jimmy Carter, two other important acts the Equal Credit Opportunity Act (ECOA) and the Home Mortgage Disclosure Act (HMDA) were signed by a republican, Gerald Ford. The talk show hosts also state that Bill Clinton was responsive for the expansion of CRA and forcing the banks to make bad loans. However, the two major changes in the CRA occurred in 1989 with the passage of the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and the Federal Housing Enterprises Financial Safety and Soundness Act of 1992. Both were signed into law by George H. W. Bush. Under FIRREA, the reporting requirements of CRA compliance were expanded. The latter act required Fannie Mae and Freddie Mac to support affordable housing by purchasing CRA-qualifying loans. Even though the talk show hosts have said that up to one half of Fannie and Freddie loans were CRA loans, the act suggests that by the year 2010, that one-third of their purchases be affordable housing loans.

If there were pressures to expand CRA lending, it came in part from the banks themselves. As a result of the Riegel-Neal Interstate Banking and Branching Act of 1994, signed into law by George W. Bush, CRA ratings became an important factor in determining if banks could merge or acquire across state lines. Because advocacy groups would use CRA ratings as a protest against the banks in order to get additional CRA lending, the banks greatly expanded these types of loans. I recall going to a Fed Atlanta conference on CRA lending, compliance and enforcement. A banker told me that the Feds never pressured him into making a bad loan. However, because they wanted to expand into other states, they had instituted a more liberal CRA lending policy. So the truth is that if there is blame to be handed out for a misguided CRA policy, it has to be laid at the feet of the republicans and the banks. Jimmy Carter and Bill Clinton are convenient whipping boys and are well deserving of other blame but CRA lending is not one of them.

Lincoln Savings and Loan collapsed in 1989, at a cost of over $3 billion to the federal government. Some 23,000 Lincoln bondholders were defrauded and many investors lost their life savings. The substantial political contributions Keating had made to each of the senators, totaling $1.3 million, attracted considerable public and media attention. After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Cranston, DeConcini, and Riegle had substantially and improperly interfered with the FHLBB's investigation of Lincoln Savings, with Cranston receiving a formal reprimand. Senators Glenn and McCain were cleared of having acted improperly but were criticized for having exercised "poor judgment".

John McCain's claim that he issued a warning against the excesses of Fannie Mae and Freddie Mac during the 2005-06 legislative year was given a "barely true" by Politifact. On 25 May, 2006, Senator McCain signed on as a co-sponsor to Chuck Hagel's effort to overhaul Fannie Mae and Freddie Mac (which Senator Hagel intoduced in January, 2005) following the publication of "a 340-page report from the Office of Federal Housing Enterprise Oversight."* However, as Politifact points out,

his attempts to depict those efforts as some sort of early warning that could have lessened the current credit crisis just don't wash. All McCain was talking about then was the potential fallout of accounting troubles in Fannie Mae and Freddie Mac. He didn't say anything about a freewheeling climate among creditors that had major financial institutions becoming badly leveraged on bad loans.

Additionally, those rumors that Democrats alone blocked GOP proposal, S.190, to regulate Fannie Mae and Freddie Mac? Questionable claims, for the bill never got out of committee:
Last Action [July 28, 2005]: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

Status: Dead

So the bill was never brought to a full Senate vote. Recall that the Republicans were the majority in 2005-06, and the Committee on Banking, Housing, and Urban Affairs consisted of 11 Republicans and 9 Democrats (for a full listing of the members of the 2005-06 Committee on Banking, Housing, and Urban Affairs, see this entry at Sourcewatch). In other words, the proposal could have been voted out of committee and brought to the Senate floor had the GOP members had supported it.

John McCain believes that globalization is an opportunity for American workers today and in the future.
Source: Campaign plan: “Bold Solutions for Economic Prosperity” Feb 3, 2008

swamp water cool aid

All across the country, loans went to Obama cronies from his pre-presidential career as a community activist. During the fall of 2012, as his first term neared its end, Obama shoveled out money to these experimental start-ups.

Remember the outrage over the failed green energy project Solyndra? That only cost taxpayers $500 million — a fifth of what they could be forced to pay for the co-op folly.

The losses are racking up. A co-op in Vermont closed in 2013. Iowa’s CoOpportunity Health collapsed in January, taking $145 million in federal loans with it.

Louisiana’s Health Cooperative shut down in July, after a steady stream of red ink. And in August, Nevada’s co-op announced it will close up by Jan. 1. It had $65.9 million in federal loans on its books.

A July inspector general’s report warns that several remaining co-ops are tottering. Yet the media are almost silent.

That’s especially regrettable: Policyholders should be warned that they may have to switch plans (and doctors) in the future. And the public should get a straight story about how its tax dollars are going up in smoke.

During the wrangling in Congress over Obama’s health law, the co-ops became the consolation prize for lawmakers dreaming of socialist health care, also called a single-payer plan. There’s a lesson here, though some people refuse to accept it. http://nypost.com/2015/09/29/obamacares ... net_710970

In 1979, Carter appointed Paul Volcker, a Chase Manhattan Bank executive, to head the Federal Reserve Board and lead the attack on inflation—i.e., on the working class. Later that year, Carter created the Pay Advisory Committee, composed of business and union leaders, for the purpose of limiting wages. While inflation reached 13.5 percent in 1980, the committee sought to cap wage increases at just 7 percent.

As Volcker succinctly put it, “The standard of living of the average American worker has to decline.”

1989 OCAW and Physicians for a National Health Program join forces to agitate for a single-payer national health plan for all Americans. OCAW/PNHP activity helps shape and sharpen the debate on the issue.

1991 OCAW convention passes resolution calling for “A New Social, Political, and Economic Agenda” which sets goals for the 1990s, including national health care, a Labor Party alternative, environmental protection, a Superfund for Workers, and international trade unionism.

1992 American Home Products settles with OCAW over plant closing at Elkhart; pays $24 million to avoid trial.

http://www.multinationalmonitor.org/hyp ... /lapp.html

Cytec Industries is currently named as a co-defendant in numerous lawsuits with approximately 8,000 documented claimants.

As they fade into the mist.

Commerce Commissioner Mike Rothman announced Friday that individual market plans could raise rates as high as 67 percent next year. The jump in cost follows this year’s hike of 14 percent to 49 percent.

In a written statement, Rothman, who serves in a Democratic administration, said middle-class residents are getting “crushed” and called for urgent reforms in the state’s individual market.
=======================================================
As we know with nafta when those that even kept a job in the ninety's they lost half benefits and one third benefits them
on this current match Fabian march to single payer. Remember what Doctor Quigley indeed warned you of.

http://www.politico.com/magazine/story/ ... ers-214506

From another so lets be clear on that..............

Bill Clinton, on the campaign trail for Hillary Clinton, told voters in Michigan on Monday that the legislation has created a “crazy system” where millions more people have health care but those unable to qualify for subsidies are getting “killed.”

“The people … out there busting it, sometimes 60 hours a week, wind up with their premiums doubled and their coverage cut in half,” Clinton said. “It’s the craziest thing in the world.”

The comments come as Republican and Democratic administrations at the state level all grapple with fresh complications from the law, as insurers threaten to leave the ObamaCare exchanges amid financial concerns and customers face the prospect of rising premiums for the plans available.

Clinton’s comments in Michigan follow officials in nearby Minnesota recently agreeing to huge price hikes in order to convince insurers to stay. Commerce Commissioner Mike Rothman announced Friday that individual market plans could raise rates as high as 67 percent next year. The jump in cost follows this year’s hike of 14 percent to 49 percent.

In a written statement, Rothman, who serves in a Democratic administration, said middle-class residents are getting “crushed” and called for urgent reforms in the state’s individual market.

=======================================================
As we know with nafta when those that even kept a job in the ninety's they lost half benefits and and one third benefits them
on this current match Fabian march to single payer. Remember what Doctor Quigley indeed warned you of.

http://gdxforum.com/forum/search.php?ke ... sf=msgonly

http://www.bing.com/images/search?q=fab ... ajaxhist=0

Ant one who knows anything remembers this.....

As a teenager, I heard John Kennedy's summons to citizenship. And then, as a student at Georgetown, I heard that call clarified by a professor named Carroll Quigley, who said to us that America was the greatest Nation in history because our people had always believed in two things–that tomorrow can be better than today and that every one of us has a personal moral responsibility to make it so...
Clinton, Bill July 16, 1992.

Most of adult life has been in study's on the effects to date. One thing is certain only.

Welcome to 1996 and to those who walked away and protected your dignity.
http://www.bing.com/search?q=yahoo+nsa& ... rsationid=

selah

$11 x 40hr = $440

$15 x 29hr = $435

No bennies or perkys for you since the red diapers just took over seattle.
The single payer system is a scam for the corps to gain market share and simply nothing more.

ACA Status Codes
Choose the code that best describes the employee:
Employee Type ACA Status Code Definition Employee
Y1 Anticipated to work an average of at least 130 hours per month over the next 12 months
Anticipated to work an average of less than 130 hours per month over the next 12 months

Educational Organization Employee
Y2 Anticipated to work an average of at least 130 hours per month over the next 12 months
N2 Anticipated to work an average of less than 130 hours per month over the next 12 months

Seasonal Employee
Y3 Anticipated to work an average of at least 130 hours per month over the next 12 months
N3 Anticipated to work an average of less than 130 hours per month over the next 12 months

One option is that the U.S. Government, and the U.S. Federal Reserve System will survive, and even become stronger as it did in the 1930s.

Here is a modified speculative scenario ( based on the above option ) for consideration:

1. People actually physically holding U.S. dollar bills and physically holding U.S. debt instruments ( such as U.S. Treasuries), physically holding stock certificates, and physically holding formal ownership certificates of other types of securities will have investments which will continue to have some value. Gold and precious metals will also continue to hold some value. Just like they did during the Great Depression.

2. People who allowed the "regulated financial institutions" to hold the physical dollar bills and physical Treasuries and physical stock certificates, will be informed that the federal government has been forced to liquidate some federally regulated financial institutions because "something bad was going on within those private corporations" and, just like MF Global, those federal reserve dollars and those physical Treasuries and physical stock certificates are no longer in the accounts where they are supposed to be. Do not worry, the U.S. government is on it, they will investigate and let you know what happened, just like MF Global. The U.S. government promises to "stand behind" Federally Insured accounts. But not all accounts are insured.

3. Bank runs begin, retirement accounts are not demand deposit accounts and must wait for their money, the Federal Government is "forced by the bank runs" to declare a "bank holiday" affecting all Financial Institutions in the United States.

4. By federal law, virtually all IRAs, all private. and all state and local government pension plans, must keep their assets in regulated financial institutions and neither the non-bank trustees, nor the individual beneficiaries are allowed to hold their own physical dollars or their own physical bond certificates or their own physical stock certificates, without incurring many costs and many inconveniences. Federal law makes it extremely costly, inefficient, and inconvenient for non-bank trustees to physically hold stock certificates, bonds, treasuries, other securities or cash. Federal law also imposes a fiduciary duty on trustees not to run up transaction costs of the type required to physically hold stock certificates and physical certificates of other securities.

5. The U.S. government moves swiftly to save the financial system and re-opens local banks under new ownership. Initial accounts are being automatically opened for every tax payer with a small nominal deposit of new "electronic safe dollars". These accounts are being opened in all of the newly re-opened banks. An account will automatically be opened for each Social Security Number, each Employer Identification Number, and each Tax Payer Identification number for non-U.S. citizens. Priority is given to transferring the insured demand deposits of businesses to their corresponding Employer Identification Number Account. These new "electronic safe dollars" must be accepted within the United States for all debts, the U.S. government "stands behind the safe electronic dollars for internal U.S. use". These new "electronic safe dollars" are only good for use in the United States, but not backed up by the Federal Reserve, and not for buying foreign goods.

6. We are all in this together, and those U.S. citizens holding U.S. federal reserve dollars, U.S. Treasuries, Bonds, stock certificates and precious metals will not be allowed to take them out of the country legally. As an emergency measure all U.S. markets that trade in stocks, bonds, U.S. Treasuries and other securities have been closed temporarily until new regulations to keep the U.S. Financial system safe can be imposed.

7. Paper U.S. Dollars are hoarded and are rare. Private businesses are forced to accept the new "safe electronic dollars". There are simply too few U.S. paper dollars in circulation to be used as currency. The only available form of electronic payment is with the new "safe electronic dollars". New "safe electronic dollars" are used to pay employees. The option to allow payment of employees by electronic means was first allowed, and then mandated in the United States in recent years. The United States based Visa and Master Card networks have been converted to use new "safe electronic dollars" exclusively within the United States.

8. Those individuals with FDIC insured demand accounts willing to voluntarily accept new "safe electronic dollars" receive the insured portion of those accounts back promptly within a month or two, less the initial advance of new "safe electronic dollars" they received from the federal government.

9. Those individuals with a portion of their pension or retirement accounts in government insured accounts are offered that portion as an immediate cash distribution, in the form of new "safe electronic dollars". As an alternative they may wait until the investigation into wrong doing is completed to see if their money can be recovered from the perpetrators and their pension accounts reconstituted. Virtually everyone takes the immediate cash distribution option and pays early withdrawal penalties and income tax on the withdrawal. The U.S. government receives a windfall in tax revenue and the right to recover 100% of the insured funds and investments if they can be located.

10. The Federal Government announces a bold new "United States Private Pension" program to replace all private pension plans for future retirees. Existing retirees who lost some, or all, of their private retirement will receive a small monthly payment from the U.S. government as a partial compensation. It will be means tested. Those retires with incomes over 200% of the new poverty level will not receive the partial pension. It will be funded from recovered assets from the pension system collapse. For those still working a small mandatory deduction of 3% per year for both the employee and the employer will required to fund the bold new "United States Private Pension" program. This will be in addition to the Social Security system which the U.S. government promises to shore up because it is more important than ever. The new annuity only based Private Pension system guaranteed by the U.S. Government will be phased in very slowly in the same manner as the Social Security System was phased in. It will be funded via government Trust Accounts in the same way Social Security has been securely funded for decades. Initially, just like Obama Care and Social Security, massive taxes will start flowing in to the trust fund long before significant monthly annuity payments are paid out.

11. The U.S. administration is widely praised for not waiting until the investigation into what happened to all those pension assets before "permanently fixing" the U.S. private pension system. It is now common knowledge that allowing banks, stock brokers and insurance companies to be involved in pension plans was a very bad idea. No one has yet gone to jail for the missing pension assets but the government promises to file charges against any wrong doers identified by the ongoing investigation if warranted by the evidence.

12. The Trillions upon Trillions of Wealth that were in those Pension funds and IRA accounts ( roughly 9 Trillion in total ), using investments not insured by the federal government is unaccounted for. Exactly what was insured and was not insured will take months, maybe years to sort out. The creation of the bold new private pension system guaranteed by the U.S. government ends the need to wait until that investigation is completed to know how much the monthly payments of each current retiree will be. The bold new system has gotten money flowing to those current retirees who need it most, and any assets eventually recovered from the pension system crisis we be used to re-pay the U.S. government for those emergency partial pension payments and to fund the partial pension program for the remainder of the lives of those who lost their pension assets and need it most.

13. As in the Great Depression the investment counselors, bankers, trustees and money changers take the public blame for this collapse of the debt bubble.

14. The federal government is praised for being prepared and moving forward in just a few months so that people could again buy food and pay rent after the banks failed and were re-opened under new ownership. First responders and other federal, state and local government employees began receiving pay checks almost immediately using new "safe electronic dollars". Millions more would have suffered temporary starvation if the federal government had not been so prepared and moved so quickly.

15. Eventually most U.S. paper dollars backed by the Federal Reserve in the United States are voluntarily exchanged for new "safe electronic dollars", confiscated as they were being illegally smuggled out of the country, or smuggled out of the country and sold abroad. Tax collection in the United States becomes more efficient because all tax payer financial transactions are conducted electronically through a single account with the Social Security Number as the account number.

16. The U.S. continues to trade overseas using U.S. Federal Reserve dollars and stands behind U.S. Treasuries held overseas with U.S. Federal Reserve dollars. U.S. government debt issued as Bearer Bonds are Still in wide circulation, but for many years only registered U.S. Government debt has been issued. U.S. debt certificates registered in the United States to private citizens or pension funds are not honored if smuggled out of the country and sold overseas. More than half the U.S. Debt has been issued in the last 10 years with virtually all of those recent debt instruments being registered debt and the vast majority of U.S. Debt is held in the United States.

17. By federal law U.S. government debt re-paid to U.S. citizens is paid exclusively in new "safe electronic dollars". Income tax is now collected on all U.S. Government debt payments to U.S. citizens to insure everyone is paying their fair share.

18. Both U.S. paper dollars and U.S. Debt redeemable overseas have become more rare and more valuable. Just like they became more valuable during the Great Depression.

19. Converting "safe electronic dollars" to "federal reserve dollars", and the reverse, is subject to a fee from the U.S. government. This becomes a major new source of revenue to the federal government. and because it is a banking fee, not a tariff, it applies to every foreign purchase or sale of goods and services, without violating the Free Trade International Treaties.


This is just one scenario where the U.S. government, U.S. Federal Reserve Note Currency and the U.S. Federal Reserve system survive the debt bubble collapse. It should also be noted that under this scenario the U.S. dollar could easily survive as the World Reserve Currency no longer tied to the U.S. Domestic economy, and instead being used as the currency of international commerce backed up by the still formidable military might of the United States.

Higgenbotham wrote: At present, it seems likely that, since Treasuries are plentiful, the action will be to force citizens to buy.

Which brings us back to my original question.

How will this play out ?

Who will take the blame?

One option is that the U.S. Government, and the U.S. Financial system will survive, and even become stronger as it did in the 1930s.

Here is one speculative scenario ( based on the above option ) for consideration:

1. People actually physically holding U.S. dollar bills and physically holding U.S. debt instruments, like Treasuries bills, and physically holding the stock certificates, will have investments which will continue to have some value. Gold and precious metals will also continue to hold some value. Just like they did during the Great Depression.

2. People who allowed the "regulated financial institutions" to hold the physical dollar bills and physical Treasuries and physical stock certificates, will be informed that the federal government has been forced to liquidate some federally regulated financial institutions because "something bad was going on within those private corporations" and, just like MF Global, those federal reserve dollars and those physical Treasuries and physical stock certificates are no longer in the accounts where they are supposed to be. Do not worry, the U.S. government is on it, they will investigate and let you know what happened, just like MF Global. The U.S. government promises to "stand behind" Federally Insured accounts. But not all accounts are insured.

3. Bank runs begin, retirement accounts are not demand deposit accounts and must wait for their money, the Federal Government is required to declare a "bank holiday" affecting all Financial Institutions in the United States as a result of the bank runs.

4. By federal law, virtually all IRAs, all private. and all state and local government pension plans, must keep their assets in regulated financial institutions and neither the non-bank trustees, nor the individual beneficiaries are allowed to hold their own physical dollars or their own physical bond certificates or their own physical stock certificates, without incurring many costs and many inconveniences. Federal law makes it extremely costly, inefficient, and inconvenient for non-bank trustees to physically hold stock certificates, bonds, treasuries, other securities or cash. Federal law also imposes a fiduciary duty on trustees not to run up transaction costs of the type required to physically hold stock certificates and physical certificates of other securities.

5. The U.S. government moves swiftly to save the financial system and re-opens local banks under new ownership. Initial accounts are being automatically opened for every tax payer with a small nominal deposit of new "electronic safe dollars". These accounts are being opened in all of the newly re-opened banks. An account will automatically be opened for each Social Security Number and each Tax Payer Identification number for non-U.S. citizens. These new "electronic safe dollars" must be accepted within the United States for all debts, the U.S. government "stands behind the safe electronic dollars for internal U.S. use". These new "electronic safe dollars" are only good for use in the United States, but not backed up by the Federal Reserve, and not for buying foreign goods.

6. We are all in this together, and those U.S. citizens holding U.S. federal reserve dollars, U.S. Treasuries, Bonds, stock certificates and precious metals will not be allowed to take them out of the country legally. As an emergency measure all U.S. markets that trade in stocks, bonds, U.S. Treasuries and other securities have been closed temporarily until new regulations to keep the U.S. Financial system safe can be imposed.

7. Paper U.S. Dollars are hoarded and are rare. Private businesses are forced to accept the new "safe electronic dollars". There are simply too few U.S. paper dollars in circulation to be used as currency. The only available form of electronic payment is with the new "safe electronic dollars". New "safe electronic dollars" are used to pay employees. The United States based Visa and Master Card networks have been converted to use new "safe electronic dollars" exclusively within the United States.

8. Those individuals with FDIC insured demand accounts willing to voluntarily accept new "safe electronic dollars" receive the insured portion of those accounts back promptly within a few months, less the initial advance of new "safe electronic dollars" they received from the federal government.

9. The Trillions upon Trillions of Wealth that were in those Pension funds and IRA accounts, using investments not insured by the federal government is gone. Exactly what was insured and was not insured will take months, maybe years to sort out.

10. As in the Great Depression the investment counselors, bankers, trustees and money changers take the public blame for this collapse of the debt bubble.

11. The federal government is praised for being prepared and moving forward in just a few months so that people could again buy food and pay rent. First responders and other federal, state and local government employees began receiving pay checks almost immediately using new "safe electronic dollars". Millions more would have died if the federal government had not moved so quickly.

12. Eventually most U.S. paper dollars backed by the Federal Reserve in the United States are exchanged for new "safe electronic dollars". Tax collection in the United States becomes more efficient because all tax payer financial transactions are conducted electronically through a single account with their social security number as their account number. Income taxes can be automatically calculated monthly and deducted from the taxpayers account automatically each month.

13. The U.S. continues to trade overseas using U.S. Federal Reserve dollars and stands behind U.S. Treasuries held overseas with U.S. Federal Reserve dollars. U.S. government debt issued as Bearer Bonds are Still in wide circulation, but for many years only registered U.S. Government debt has been issued. U.S. debt certificates registered in the United States are not honored if smuggled out of the country and sold overseas. More than half the U.S. Debt has been issued in the last 10 years as registered debt and the vast majority of U.S. Debt is held in the United States.

14. By federal law U.S. government debt re-paid to U.S. citizens is paid exclusively in new "safe electronic dollars". Income tax is now collected on all U.S. Government debt payments to U.S. citizens to insure everyone is paying their fair share.

15. Both U.S. paper dollars and U.S. Debt redeemable overseas has become more rare and more valuable. Just like they became more valuable during the Great Depression.

This is just one scenario where the U.S. government, U.S. Federal Reserve Note Currency and the U.S. Federal Reserve Financial system survive the debt bubble collapse.