Friday, March 28, 2014
Patrick Henningsen -- Ukraine, Crimea, Russia and the West
Returning guest, Patrick Henningsen is an author and founder of the 21st Century Wire news website, an Associate Editor of alternative news site Infowars.com and regular geopolitical analyst for Russia Today. We'll begin discussing the absolute reality of globalists keeping the US and the west in a permanent state of war. Patrick talks about past revolutions and NGO's that prep the groundwork. Then, we'll talk about the misinformation surrounding Russia from anti-gay laws to Russia's desire to expand. This brings us to the situation in Ukraine. Patrick explains the history of Crimea and talks about why Russian military is really there, contrary to mainstream media reports. In the second hour, we'll discuss how people are being programmed to fear Russia, while all the while the US has military presence all over the world. Patrick explains the sensitive issues for those living in Crimea, Ukraine and Russia, specifically after WWII. We'll also talk about the great disconnect between the people and their political leadership and how politics is nothing about the voice of the people. Later, we discuss the RT news anchor, Liz Wahl, who quit the network on live television, as she said that "she came to see just how dangerous a propaganda tool the network was. I couldn't be a part of it any longer." Patrick talks about this false, manufactured claim. We end the hour on the missing plane flight MH370.
Gerald Celente -- The Alex Jones Show(Commercial Free VIDEO) Friday March 28 2014
Gerald Celente -- The Alex Jones Show(Commercial Free VIDEO) Friday March 28 2014
On this Friday, March 28 edition of the Alex Jones Show, guest host David Knight covers the latest news, including developments in Ukraine as the country's Parliament rejects the bankster IMF deal designed to impose suffocating austerity on the people and strip the nation of its wealth. David also covers remarks by the Supreme Court on the Obamacare and Hobby Lobby case dealing with religious freedom. On today's worldwide broadcast, David talks with Prison Planet.com editor and writer Paul Joseph Watson about Turkey's planned false flag attack to grab part of Syria and start a war in the neighborhood. David also talks with trend forecaster Gerald Celente about the sorry state of the world economy and the suspicious rash of banker deaths.
On this Friday, March 28 edition of the Alex Jones Show, guest host David Knight covers the latest news, including developments in Ukraine as the country's Parliament rejects the bankster IMF deal designed to impose suffocating austerity on the people and strip the nation of its wealth. David also covers remarks by the Supreme Court on the Obamacare and Hobby Lobby case dealing with religious freedom. On today's worldwide broadcast, David talks with Prison Planet.com editor and writer Paul Joseph Watson about Turkey's planned false flag attack to grab part of Syria and start a war in the neighborhood. David also talks with trend forecaster Gerald Celente about the sorry state of the world economy and the suspicious rash of banker deaths.
IRS Rules Bitcoin is Property and Subject to Capital Gains Tax
BITCOIN IS NOW A TAXABLE ASSET - IRS Says Bitcoins are Property and Not Currency : The Internal Revenue Service has determined that bitcoin will be treated as property, not currency. In its first big ruling on the virtual currency on Tuesday, the IRS said that bitcoin does not have "legal tender status." As a result of bitcoin being regarded as property, it can be treated as capital assets, governed by the same rules as stocks and bonds. In addition, the IRS said that people who receive wages in bitcoins would also be subject to federal income and payroll taxes.
Wading into a murky tax question for the digital age, the U.S. Internal Revenue Service said on Tuesday that bitcoins and other virtual currencies are to be treated, for tax purposes, as property and not as currency.
"General tax principles that apply to property transactions apply to transactions using virtual currency," the IRS said in a statement, meaning that bitcoins would be taxed as ordinary income or as assets subject to capital gains taxes, depending on the circumstance.
Bitcoin, the best-known virtual currency, started circulating in 2009. Its present market value is around $8 billion, with up to 80,000 transactions occurring daily, according to accounting firm PricewaterhouseCoopers LLP.
Recent incidents have brought the currency under new regulatory scrutiny, such as the failure of Mt. Gox, a Tokyo-based exchange that filed for bankruptcy after losing an estimated $650 million worth of customer bitcoins.
Unlike conventional money, bitcoin is generated by computers and is independent of control or backing by any government or central bank, which its proponents like, but which also has led to calls for more guidance on U.S. tax treatment.
The IRS supplied that in its statement, which dealt a blow to bitcoin "miners," who unlock new bitcoins online. The IRS said miners must include the fair market value of the virtual currency as gross income on the date of receipt.
This change "is a disincentive to start looking for bitcoins," said John Barrie, a partner with law firm Bryan Cave LLP, who advises charities that receive bitcoins as donations.
NOT LEGAL TENDER
The IRS also said that virtual currency is not to be treated as legal-tender currency to determine if a transaction causes a foreign currency gain or loss under U.S. tax law.
"The character of gain or loss from the sale or exchange of virtual currency depends on whether the virtual currency is a capital asset in the hands of the taxpayer," the IRS said.
However, when virtual currency is held as inventory or other property mainly for sale to customers in a trade or business, ordinary gains or losses are generally incurred, the IRS said.
Capital gains and losses are taxable and deductible at different rates and amounts than ordinary gains and losses.
Democratic Senator Tom Carper, who chaired a Senate committee hearing last year on bitcoin, said in a statement that the IRS guidance "provides clarity for taxpayers who want to ensure that they're doing the right thing and playing by the rules when utilizing bitcoin and other digital currencies."
A man who was traveling through Manchester, New Hampshire was stopped and harassed by the TSA after he opted out of going through a body scanner. The official reason for further interrogation, according to the screeners, was "We saw Bitcoin in your bag and need to check."
For anyone living under a rock, Bitcoin is a virtual currency. It does not exist in physical form. Saying you had seen bitcoin in a bag would be like saying you had seen email in a bag -- it makes no sense.
Which is why Davi Barker, a Libertarian blogger who was returning from the New Hampshire Liberty Forum, was somewhat befuddled at the situation.
The Federal Reserve Board doesn't have the authority to regulate bitcoin, Fed Chair Janet Yellen said Thursday.
"To the best of my knowledge, there's no intersection at all in any way between bitcoin and banks the Federal Reserve has the ability to supervise or regulate," Yellen told members of the Senate Banking Committee. "The Federal Reserve simply does not have authority to supervise or regulate bitcoin in any way."
Satoshi Nakamoto, the alleged Bitcoin founder who was outed yesterday by Newsweek, did classified work for the U.S. military and major corporations, a fact that will sit uncomfortably with many Bitcoin proponents should it be confirmed that Nakamoto is indeed the father of the cryptocurrency.
Wading into a murky tax question for the digital age, the U.S. Internal Revenue Service said on Tuesday that bitcoins and other virtual currencies are to be treated, for tax purposes, as property and not as currency.
"General tax principles that apply to property transactions apply to transactions using virtual currency," the IRS said in a statement, meaning that bitcoins would be taxed as ordinary income or as assets subject to capital gains taxes, depending on the circumstance.
Bitcoin, the best-known virtual currency, started circulating in 2009. Its present market value is around $8 billion, with up to 80,000 transactions occurring daily, according to accounting firm PricewaterhouseCoopers LLP.
Recent incidents have brought the currency under new regulatory scrutiny, such as the failure of Mt. Gox, a Tokyo-based exchange that filed for bankruptcy after losing an estimated $650 million worth of customer bitcoins.
Unlike conventional money, bitcoin is generated by computers and is independent of control or backing by any government or central bank, which its proponents like, but which also has led to calls for more guidance on U.S. tax treatment.
The IRS supplied that in its statement, which dealt a blow to bitcoin "miners," who unlock new bitcoins online. The IRS said miners must include the fair market value of the virtual currency as gross income on the date of receipt.
This change "is a disincentive to start looking for bitcoins," said John Barrie, a partner with law firm Bryan Cave LLP, who advises charities that receive bitcoins as donations.
NOT LEGAL TENDER
The IRS also said that virtual currency is not to be treated as legal-tender currency to determine if a transaction causes a foreign currency gain or loss under U.S. tax law.
"The character of gain or loss from the sale or exchange of virtual currency depends on whether the virtual currency is a capital asset in the hands of the taxpayer," the IRS said.
However, when virtual currency is held as inventory or other property mainly for sale to customers in a trade or business, ordinary gains or losses are generally incurred, the IRS said.
Capital gains and losses are taxable and deductible at different rates and amounts than ordinary gains and losses.
Democratic Senator Tom Carper, who chaired a Senate committee hearing last year on bitcoin, said in a statement that the IRS guidance "provides clarity for taxpayers who want to ensure that they're doing the right thing and playing by the rules when utilizing bitcoin and other digital currencies."
A man who was traveling through Manchester, New Hampshire was stopped and harassed by the TSA after he opted out of going through a body scanner. The official reason for further interrogation, according to the screeners, was "We saw Bitcoin in your bag and need to check."
For anyone living under a rock, Bitcoin is a virtual currency. It does not exist in physical form. Saying you had seen bitcoin in a bag would be like saying you had seen email in a bag -- it makes no sense.
Which is why Davi Barker, a Libertarian blogger who was returning from the New Hampshire Liberty Forum, was somewhat befuddled at the situation.
The Federal Reserve Board doesn't have the authority to regulate bitcoin, Fed Chair Janet Yellen said Thursday.
"To the best of my knowledge, there's no intersection at all in any way between bitcoin and banks the Federal Reserve has the ability to supervise or regulate," Yellen told members of the Senate Banking Committee. "The Federal Reserve simply does not have authority to supervise or regulate bitcoin in any way."
Satoshi Nakamoto, the alleged Bitcoin founder who was outed yesterday by Newsweek, did classified work for the U.S. military and major corporations, a fact that will sit uncomfortably with many Bitcoin proponents should it be confirmed that Nakamoto is indeed the father of the cryptocurrency.
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