Israel Slaps Capital Tax on Bitcoins

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.

Dr. Paul Craig Roberts explains the geopolitical facts of life

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.”
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What is Henry Kissinger Up To? — Paul Craig Roberts

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.

Former CIA analyst drops bombshells on Fox News Show, denies Russian involvement in DNC hack

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.

Treachery killed USSR, Gorbachev tells BBC News, accuses the West of “provoking Russia.”

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

A World Without Money and Interest

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.

Prepare to be poorer

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