gilliganscorner
Member
- Joined
- Nov 20, 2007
- Messages
- 675
Anyone else have thoughts?
well, i am pretty ignorant when it comes to this stuff, what are you looking for at this point? a list of services offered by members of the forum, a coalition of programmers to help with the p2p idea, a spreading of the idea that this has potential, what? this is the type of idea that i see could be truly revolutionary, and would do whatever to help it along. i guess i'm just voicing my support.
But the Lord isn't going to allow this government to be destroyed. Although administrations may destroy themselves, systems may destroy themselves, this country's going to survive. J. Reuben Clark knew how it would survive: build track two. Don't get in front of that train on track one, it will just run over you. You quietly build track two.
Sometimes people say, "Dr. Skousen, you spent your whole life studying these things that have gone wrong, with the attack on the Constitution and everything. Why are you so optimistic?"
I say to them, "I read the book, and in the end, we win."
Bartercard is unlike any other credit or debit card because you fund our card with your own goods and services... NOT CASH. Bartercard currently helps over 6,500 smart businesses in New Zealand to increase sales, customer base, cash-flow and profit. Bartercard enables member businesses, saving valuable cash, without having to engage in a direct swap of goods.
BarterCard has been around for 18 years so far...
Whatever you do, if you have the cardreader inside a phone book in a hidden panel, that dials into a a secret server somewhere, this is by far the most reliable and proven system.
But I know how you guys are all about square wheels and such. If your government ever got ot the point of shutting something like this down then it would be 2nd amendment time. Mind you, you should have literally all stuck to your guns when they came for your gold.
Could you elaborate what you mean here? I have no clue as to what you are talking about.
Executive Order 6102 is an Executive Order signed on April 5, 1933 by U.S. President Franklin D. Roosevelt "Forbiding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates." It required all persons to deliver on or before May 1, 1933 all gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve.
Its legal outside the United States... out in the free world.![]()
Well BarterCard is the largest system around. Its not designed to swap currencies, but to avoid them altogether.
It currently operates in Australia, New Zealand, The United Kingdom, Cyprus, Thailand, Egypt, UAE, Jordan, Lebanon, Kuwait, Qatar, Sri Lanka and India.
Wiki on the Tax Issues.
Inside the United States the barter econmy and currencies are backed by cocaine. It is better than Gold because you can eat it, after a fashion.
Looking it up, it appears that the US requires that you report the monetary value of your barter as taxable income.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
Still, I think it's worth it to set up the network. I can sell you goods for silver, then pay the IRS off in FRNs. It'd be cool to set up a hard currency coffee shop or something. And of course in a real SHTF situation, it could be useful.
Its legal outside the United States... out in the free world.![]()
TAXATION AND BARTERCARD
Members should treat a Trade Dollar as they would a cash dollar from a tax perspective. Barter transactions are assessable and deductible for income tax purposes to the same extent as other cash or credit transactions. Therefore, the advantages and disadvantages are similar to ordinary cash revenue or expenses.
Register with Bartercard
Trading may result in tax liability when selling and attract tax credit when purchasing. It may also involve the Fringe Benefits, Sales Tax and Capital Gains Legislation. The Australian Taxation Office has expressed its views in Taxation Ruling IT 2668 on the taxation consequences of Trade transactions.
"When an entity that is a member of a Trade Exchange makes a taxable supply to another member, there is a liability for tax, including goods and services tax (GST)."
For tax purposes, the Australian Taxation Office considers one Trade Dollar (T$1) equal to one Australian dollar ($1). For the purposes of the tax laws, payments such as GST, income tax and the superannuation guarantee levy must be remitted to the Australian Taxation Office in Australian currency.
Trading is not designed to be used as a means of tax evasion or avoidance. Bartercard members should treat sales and deductible purchases as they would treat a cash transaction. Opening a Trade account is similar to opening another bank or credit card account.
As the third party record keeper, Bartercard Pty Ltd has a legal obligation to provide information, upon request, concerning members' trading activity to any government department.
Further information about the Australian Taxation Office’s stand on barter can be found here
Bump to consider the OP...