United States

EU Takes Countries To Court Over ‘Bail-In’ Laws

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By Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com

The European Commission is taking legal action against six European countries, including the Netherlands and Luxembourg, after they failed to implement rules that would allow for depositors to have their cash confiscated.

Six countries will be referred to the European Court of Justice (ECJ) for their continued failure to transpose the EU’s “bail-in” laws into national legislation, the European Commission said last Thursday according to The Telegraph.

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What Will Historians Say…?

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By Bill Holter – Re-Blogged From http://www.Gold-Eagle.com

Two weeks back I asked the question whether or not the “Final War” had started, between the EAST AND WEST.  I was called a number of politically incorrect names for suggesting the Tianjin explosion might have been an “attack” and took even more heat,… because I included the word “nuclear”.  Since then there have been many theories as to what happened, some of them pretty far-fetched.  Yesterday another article was published in Veterans Today, http://www.veteranstoday.com/2015/08/25/confirmation-tianjin-was-nuked/ which scientifically suggests the explosion was in fact “nuclear.”  I am inquiring as to whether the science used as proof is in fact sound.  In the meantime, I would like to hear from readers why or why not the science used in this article is correct or is not.  Please do not send me “opinion” or tell me Veterans Today is a poor source.  Please specifically attack the science!

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56.5% Tax on Dividends & US Competitiveness

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Here are a pair of articles of interest – Re-Blogged From NewsMax

Top Tax on U.S. Dividends Actually 56.5 Percent

The top federal tax on dividends is stated at 23.8 percent, one of the highest rates in the developed worlds, but the total tax is actually much higher — 56.5 percent, according to an analysis by the Tax Foundation.

The current federal top marginal tax rate on dividend income is 23.8 percent for individuals with an adjusted gross income of $200,000 or more and for married couples earning at least $250,000 and filing jointly.

That figure represents a 20 percent rate on dividends plus a 3.8 percent tax on unearned income to fund Obamacare.

But 43 of the 50 states also levy a tax on dividends, with the highest rate, 13.3 percent, in California, followed by Hawaii (11 percent).

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$1.99 Per pound Filet Mignon…And War!

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By Bill Holter – Re-Bloged From http://www.Gold-Eagle.com

This past Sunday night and Monday’s action in gold needs to be discussed of what I believe is now a rapidly moving big picture.  $2.7 billion worth of gold futures were sold in just 2 minutes Sunday night.  As I have asked before, “who” could possibly “own” this much gold other than an official source?  The answer of course is nearly no one other than a very small handful of ETF’s.  In perspective, $2.7 billion worth of gold is roughly 3% of global production.  Said differently, it amounts to nearly 10 days’ worth of labor and production worldwide… sold in less than two minutes!

Next, assuming there really is an entity that owns this much gold, “who” in their right mind would sell it in this fashion?  Who would sell so much and so rapidly concentrated in time as to knock the price down $50?  What trader would still have a job the following day if their own sale created a drop of four percent in the proceeds received?

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Global Debt Time Bomb Ticks: Puerto Rico Is Next

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By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

– Puerto Rico Governor says island cannot pay its $72 billion debt
– Puerto Rico debt 15 times per capita median debt of the 50 U.S. states
– Complicated arrangements misled bond investors to believe their funds were secure
– Share price of bond insurer exposed to Puerto Rican debt plummeting, possibly on inside information

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Prove You’re Not a Terrorist

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By Jeff Thomas – Re-Blogged From http://www.Silver-Phoenix500.com

Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification for any new restriction governments wish to impose on their citizens. French Finance Minister Michel Sapin stated at the time, “[T]errorism feeds on fraud, money laundering, and petty trafficking.”

And so, in future, people in France will not be allowed to make cash payments exceeding €1,000 (down from €3,000). Additionally, cash deposits and withdrawals totaling more than €10,000 per month will be reported to Tracfin—an anti-fraud and money laundering agency.

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