Taxation isn't theft, it's the government reclaiming its property. It issued the money in the first place via its central bank (which it also owns) and let you hold on to it to fund your lifestyle, therefore it's not yours. It's the price you pay for your room here on Earth. And like any hotel, if you want a nicer room, you have to pay more.

 

Don't worry so much about storage. You can always store it safely at my place for free.

About financial crash: never trust banks or crypto, or virtual and paper money. They can all dissapear overnight. Having precious metals in your hand or investing in housing property is always the best way to preserve the value of your investment.

 

But what if those metals or this house isn't worth anything next day anymore?
You must think your argument until the end.

 

Last edited: May 11, 2022

it's a nice little scam. like forex and all that. also not environmentally friendly nor cost-effective. ponzi would be proud.
but, fools and their money.
my humble two cents.

 

traders who lose their ass on regular stocks and bonds tend to jump off much higher buildings. So all there really to worry about is cleanup.

 

I suspect the people who have the current lease on running this world (their lease is almost up) are behind crypto. They've been planning it for years and wanted people to get acclimated to it before it finally supplants their paper fiat currency. Having it appear to make some people wealthy only helps.

 

What to do

Unfortunately, most people cannot plan for what is to come. They have no savings at all and just staying in their house or apartment could become a problem from a financial standpoint.

Those who have small savings, even if it is only a few hundred dollars: Get it from the bank and buy some silver or gold bars or coins. One gram of gold costs $60-70. A gram of silver costs 70 cents and an ounce of silver costs $20. Many people can afford that, and what seems like a small investment today could save your life in a few years. Just ask the Venezuelans.

Larger investors should get out of the stock market, except for gold and silver stocks, and also out of the bond market and investment real estate. And, if possible, pay off their home mortgages.

And sure, buy as much physical gold and silver as you can afford and stash it outside the banking system.Gold and silver will actually work as asset protection - in the event of inflation as well as deflation. However, the best investment and lasting safeguard in times of crisis is a close circle of friends and family. With this you can survive physically, mentally and morally.

Source: https://goldswitzerland.com/can-too-big-for-fed-ecb/

P.S.: 47 hiding places for money - creative ideas
https://www-lockpicking--meister-de...l=auto&_x_tr_tl=en&_x_tr_hl=de&_x_tr_pto=wapp

 

Last edited: May 12, 2022

an issuer has to have a mechanism to by which to reclaim the issuance in order to maintain its value. taxation increasingly fulfills that role in a modern economy that does not issue against wholly against reserved assets. endless issuance leads to problems.

as long as the taxation brackets are well structured there should be little impact on quality of life. the payees share in the benefits (at least it must be publicly recorded and available by law), and utilize them in their making more money. the more money a person makes the more public services they usually benefit from.

if anything the theft is happening on the front end by the systems that are tasked with issuance, e.g banks, etc. who place excess value on what, theoretically, is suppose to be a valueless means of exchange -- not a means of generation in itself.

whatever you think about it, it is nothing like theft. that is just a rhetorical platitude in service of an ideology. it gets endlessly repeated non-the-less.

this bracketing of crypto seems appropriate, because it creates little real world value and consumes real world public assets. it may be an appropriate disincentive by the governing body who calculate it as an overall drag on the economy. they may also have correctly identified it as 'scammy' and disincentivize on an ideological basis. it is like a pyramid system in that it relies on new money constantly being proped and pumped into the market based on mere confidence and sometimes totally vaporware promises, only to be liquidated as someone else's profits -- and shady back end practices like the reciprocal issuance's between pinned/tethered 'coins' like tether.

 

1) Take the banking crisis of 2008/2009, the profits of the big banks are privatized and the debts generalized.

The rescue of private banks in Germany during the financial crisis cost around 30 billion euros.

The state took a loan from other banks, the installments and the interest is paid by the German state from its revenue (budget).
The cost of the loans is paid by taxpayers and employees. It is per capita about 9000 €.

The interest expenses of the budget 2019/2012 amounted to 10.249.800 €.

2) Cum-Ex and Cum-Cum transactions.
150 billion euros of damage

According to new calculations, the global damage caused by cum-ex, cum-cum and similar fraud schemes amounts to at least €150 billion. Banks and other financial players had this money "refunded" to them, although they had never paid the corresponding taxes. In addition to Germany and the USA, at least ten European countries fell victim to this tax robbery between 2000 and 2020.

 

you wrote, "An old proverb says: In the past it was called theft, today it is called taxes.", what have the your examples got to do with my argument against that? other than you mentioned the word 'tax' in both of them -- nothing. corruption and fraud are illegal, edge cases are extraneous to the basis of this subject.

just explain why tax is theft in simple terms, it should be easy if the statement is true. it was pretty easy to explain why it is not.

 

Dear @refix, when you say this saying here in Germany, everyone laughs and everyone knows what is meant. I can't agree with your arguments, that's why I couldn't write about it, because I just don't understand you. The population is impoverished more and more and has less and less money in the pocket to spend.

The tax portion in electricity and gasoline at the gas station has become higher and higher, tobacco tax and rents rose higher and higher. Currently, the cost of living is rising so much that the truck drivers have already gone on strike.

Example tobacco - at that time a package of tobacco with 50 grams costs 3.60 DM (in EURO 1.70) and today there are only 30 grams in it and the tobacco costs 7.50 €. The tobacco is in our country with the highest taxed. So it is about 50% taxes. Fuels like gasoline and diesel = energy tax 65 cents, CO2 price 7.2 cents, VAT 19%.

Some countries have then taken the VAT out of the oil or lowered. At the beginning of the Corona crisis, the VAT was lowered from 19% to 16%. In Turkey, inflation has risen to 70 & that is your kilo of tomatoes costs 7x more than before, this actually leads to hunger revolts, the Turkish government acted and waived the entire VAT on food.

If the state takes over the debts of the gambler banks and the taxpayer must pay that, that is a redistribution from the bottom to the top. If you as a tenant have to pay more and more rent to the landlord, that is a redistribution of wealth from the bottom to the top.
Since many tenants are too poor, the wage is either too low or they are unemployed, the state steps in with its social services, these social services pay the taxpayer, so again a redistribution from the taxpayer into the pockets of the landlords or owners of the houses.

As you can see, real estate is a very good investment for the rich and if they are overpriced or the housing is scarce, the apartment becomes more expensive and your money less and less. The financiers always want to earn a return. That means everything is more expensive and your money less and less. Since our city is in debt because a bank has gambled away, the city takes over 200 million euros, then just then the garbage fees are increased.

Since wages or social spending do not increase, this means increasingly loss of purchasing power to impoverishment. Our standard of living is falling and the elites and super-rich are getting richer. The state does not regulate but deregulates in the sense of the rich and the financial industry. I hope dear @refix I could explain to you a little why I mean that we are constantly stolen, the asset managers want returns and our hard-earned money ends up with them.

By the goods shortage inflation of at present 7,5 - 8,5% our money is destroyed. The zero interest rate policy is also the nightmare for savers.

 

Why do we value gold?
https://goldswitzerland.com/gold-the-sine-qua-non-investment/
https://www.bbc.com/news/magazine-25255957

 

Last edited: May 12, 2022

Property is looking like a safe place to invest your money for many reasons, not least of which is the coming mass migration from African and other states that can't deal with global warming. Soon millions will be looking for homes, maybe a billion people worldwide will be on the move. Heading North and West.

 

so you are saying taxes are too high. not tax is theft.

you say it is mostly VAT that is the problem. which was introduced in the 1970's. how old is the proverb? "An old proverb says:", not very old i assume. the very old taxes were more like rent because the nobility owned everything. i am not a fan of VAT either. business->consumer VAT disproportionately affects people with less. it should certainly not be applied to essentials.

at least germany has very good infrastructure, but i have not been there for a long time. it was still east and west.

yes, no problem, you have explained these things adequately. these things you describe are very common, everywhere, at this time. there is an economic downturn due to a pandemic, war as well as just the economic cycle in general. it is not as bad as i thought it might get but that all depends on how you are situated in the the overall economic structure. the people on the bottom always get squeezed because they have less options. it is a terrible game to be forced to play, and so is life in some respects.

it sounds like the problems are not taxes themselves, but the way they are structured. "Our standard of living is falling and the elites and super-rich are getting richer. The state does not regulate but deregulates in the sense of the rich and the financial industry", this has always been the way. money is power; power makes money. people predicted this type of soft corruption during the development of industrial modern economies. at least in the middle ages they the powerful use to kill and steal from each other. now they are more united and share their power. they can add pressure to governments to reduce their tax burden. ordinary people and nations are forced to compete with each other for ever decreasing returns.

it is good to hear there are strikes, because this is one of the few ways for ordinary people to create pressure. i hope they get good support. at least in economic downturns there is opportunity for people to try to force restructuring for their benefit.

sorry if my writing is hard for you to understand. i have tried to write in a less complicated way -- and probably failed.

if the time has come to start trading goods for precious metals then it is already too late.

there is another old saying, "an ounce of prevention is worth a pound of cure".

 

Thanks @refix for your understandable sentences, now I understood you much better.

 

Smeeeeeeeeeeeeeeeee

 

Cryptos are an excellent scam. Easiest way to fool someone is to make them think they're smart. Cryptoshit has that "high tech intellectual" appeal many (mainly boring) people desperately seek.

 

The second the power grid goes down and the backup batteries run out, and the world turns to shit, the cryptobros will have to use their wallets and mining equipment as suppositories. Open wide kids.

This whole web3 is utter bullshit.

 

Last edited: May 12, 2022

It's all a giant scam. As always, it's all about power and money.

 

i miss the old days of (oooh scary) deep/dark web and spending bitcoin on stupid stuff like modded videogame consoles and freshly stolen off the truck high end electronic gear.