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NewfieMan709 6 points ago +6 / -0

I'm saving all I can now and buy extra food that stores well. Buying crypto. If companies start losing $$ they will fold and end the shit. The problem I see is government will pay them to keep it up. If governments don't then we will win, I can last 6 months without a job companies can't last 6 months with no one to do the work.

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Symmetrical 1 point ago +1 / -0

What kinds of long-lasting food do you recommend buying? I have some rice and beans but I could use some more variety than that

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Granite_Pill 4 points ago +5 / -1

Bail outs. Unlimited printing of money and hyperinflation. 6 digit bitcoins though.

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The247 1 point ago +1 / -0

It's going to be beautiful... If you are looking at 6 figures of crypto mind those taxes...

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Granite_Pill 1 point ago +1 / -0

I will leave the country forever if they try to tax me.

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The247 1 point ago +1 / -0

Wait... You do know crypto taxes are already here right? Like... Your trades carry a 28% cap gains tax ON EVERY TRADE. Your state could have a similar one. Your staking income is taxable (passive) the cap gains are going up to like 48% soon under biden. Likely THE US is going to ban most Altcoins leaving you able to trade like... Btc, eth, that's it. It has been this way for a while now.

The only way out is to move to Puerto Rico. Not kidding. That is your road. You can renounce but you better not have a 2 million dollar net worth or they will take those cap gains. The US government is going to sportfuck Cryptos and traders and coin projects soon. When they are done JPMORGAN will be the only outfit that can legally hold Crypto keys. (Speculation)

I already left the US in anticipation of this next bull run. I don't want to pay it. Fuck that shit. I would owe literally 40%. Fuck that. Check out Prelocate.com I think. They can have you in the clear on crypto taxes pretty fast but you have to go to Puerto Rico permanent. It's not bad. Croabas area is good for boating and Rincon is great surfing.

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Granite_Pill 2 points ago +2 / -0

I like Panama.

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The247 1 point ago +1 / -0

You can't just go. You will get taxed anyway. You have to legally renounce. No joke. I looked into Costa Rica hard. No angle. Renounce or pay. Puerto Rico is the only angle where you don't pay but you don't renounce. Thanks to fuckhead Trump and FATCA I'm in Rincon PR instead of somewhere much nicer. I don't know what to do now. I hope us states seceded and break the tax mess.

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Granite_Pill 1 point ago +1 / -0

I don't think you can renounce citizenship without paying a hefty price. Panama doesn't tax income earned outside of Panama. I plan to keep all my assets in gold, guns, and cryptos and use cyrptocards instead of a debit card. Panamanian banks don't want to deal with FATCA, so they usually don't allow US citizens to open bank accounts there anyway. I just like Panama, but there are other countries that don't comply with FATCA. And there are ways to get around it such as by incorporating in another country, doing business in another, and residing in another. It can get very convoluted, but I'll hire a lawyer by that point.

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The247 1 point ago +1 / -0

You can renounce for $1000ish if your net worth is under 2 million. The IRS is tracking Cryptos hard. No exchange will save you either. They will sell you out for an email so you better stay on the defi systems. Just be careful. They don't mess around and if you openly defy them (instead of just filing the wrong form) you will see jail time from anywhere on earth. Probably nk, iran, Russia, may protect you but damn... Panama won't. They will give you right up.

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Kekistan_United 3 points ago +3 / -0

i can feel this sentiment locally.

all i see are 'help wanted' and 'need workers' sign everywhere around here.

similary to why suddenly walmart 'cares' about their workers getting into college.

there is a very distinct sense of asceticism and dare i say coptisim out there; i think its great.

conversely, i feel this nonsense will continue as long as 'they' want to milk it.

all the way up to the 2024 US elections, i fear

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The247 1 point ago +1 / -0

2060 is more like it. Definetly until 2030.

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Lurking_Waiting 1 point ago +1 / -0

Cash for clunkers ... Right obama? Gov backed payments. Anything the gov offers these companies will be posion. If they accept these empty promises, they will fail. Banks may hit 0% interest rates to keep spending going. Its a time bomb that is waiting to blow.

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KiloRomeo 1 point ago +1 / -0

A deflationary pressure to help melt the pile is cash they printed

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The247 1 point ago +1 / -0

Uugh... The economy ends and all the weak faggots drop dead. That's what..we are in a war... It juuuust started. The commies are winning because we don't even know we are in a war and have to fight back. Likely this will continue for some time.

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TallestSkil 0 points ago +2 / -2

They won’t.