A growing number of financial advisors are not only allowing clients to trade cryptocurrencies inside their fund or retirement accounts but also are advising clients to use cryptos’ price gyrations as a tax gimmick. The scheme: investors can buy crypto through their brokerage accounts. If the coins’ value falls below a preset amount, the coins...
Tag: oct 12 2021
Post
SINGAPORE ANGLES TO BECOME ASIA’S CRYPTO HUB
China has outlawed cryptocurrencies (“CHINA SEES CRYPTOS AS EXISTENTIAL THREAT,” 28 Sep 2021); U.S. regulators dither; and Hong Kong and South Korea have become hostile to them and have banned or restricted crypto dealings. In contrast, Singapore has laid the legal and regulatory groundwork to become crypto’s new home in Asia. In January 2020, the...
Post
BOND MARKETS TURN THUMBS DOWN ON CRYPTO
Bond markets gave cryptocurrencies a vote of no confidence recently. In mid-September, El Salvador became the first nation to accept Bitcoin as legal tender (see “El Salvador Recognizes Bitcoin as Cash,” 15 June, 2021). Shortly after, the country’s bond values crashed. Later that month, Coinbase, a major crypto trading platform, issued $2 billion in high-yield,...
Post
SEC CHIEF OVERREACHED HIS AUTHORITY ON CRYPTO, LAWMAKER SAYS
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), has overstepped his authority in his attempts to regulate cryptocurrencies, according to Tom Emmer, a Republican member of the House of Representatives from Minnesota. Emmer is a member of a group of legislators interested in crypto, known informally as the blockchain caucus. His charge...
Post
NON-CITIZEN VOTING COMING TO A STATE NEAR YOU
Florida, South Dakota, Oklahoma, Wyoming, Missouri and Texas have recently announced plans to allow non-citizens to vote in state elections. Okay, that’s an attempt at humor. The just-mentioned states are planning no such thing. Now the sobering news: California, New York, Massachusetts, Illinois, Vermont and the District of Columbia really are gearing up to push...
Post
THE PRICE OF UREA IN CHINA
Add potash and urea to the list of things America might want to start producing again. Both are much used by farmers in fertilizing soil. And China, where most potash and urea is currently sourced from, has banned their export through 2022, according to The Wisconsin State Farmer. The move is likely to increase food...
Post
UNIVERSITIES HIDING CCP CONFUCIUS INSTITUTES
Imagine thousands of Patrick Henry Institutes erected on the grounds of universities throughout China. Imagine these institutes inculcating ideas of American values, emanating from say, the evolution of common law rights, through the Magna Carta and establishment of advisory parliaments to Kings, and onto the principles of limited government and separation of powers that the...
Post
JUNK FOOD JUNKIES: AMERICAN TEENS WILL KEEP BLOATING
A new generation of Americans will likely be fat, pre-diabetic, and prone to a lifetime of ailments according to a recent survey that showed teens in the country love fast food. Chick-fil-A, Starbucks, and Chipotle are the favorite spots among teens, according to a recent Piper Sandler survey. McDonald’s and Olive Garden are close behind. ...
Post
SINGLE AND NOT READY TO MINGLE
The Pew Research Center last Tuesday released a new study that further confirmed the financial benefits of being married and the challenges of being single in the U.S. despite the increase of the single population over the past 30 years. The Associated Press, citing the study, reported that about 28 percent of the single population...
Post
GOOGLE CENSORSHIP: DON’T DOUBT CLIMATE CHANGE
As we had long forecast, Censorship 2.0 is the way of the world. And now, the tech crackdown has expanded from its latest round of censorship to never being allowed to question their “experts” and what governments believe in the fight to win the COVID War… to what, how and why the climate is changing. ...