Reading time – 5 min.
On October 12, the Organization for Economic Co-operation and Development (OECD) said it was preparing proposals to the G20 leaders – fundamental principles for tax reporting on cryptocurrencies in 2021. You can expect the following:
- The reporting structure will be consistent with the high mobility of crypto transactions.
- It will address “technical issues” (tracking?), as well as mechanisms to control the actions of crypto wallet providers, in particular, their client base.
- Recommendations are being prepared to bring local tax legislation into line with the global one, taking into account “international exchanges.” They are necessary in situations where you sell cryptocurrency on sites located outside the country.
- It is planned to finalize the mechanism for accounting for income received from the indirect sale of cryptocurrency (payment for services in crypto, rates, etc.).
In addition, the OECD assumes that the G20 states will bring their tax codes of laws in line with the recommendations as early as 2021.
Spain was the first to react. On October 13, the representative of the Spanish government, Maria Jesus Montero, said: a law is being developed in the country that will force cryptocurrency owners to disclose the presence of crypto-assets and any profit received from them. The initiatives of the Russian “legislators” can be summed up in three terms – “take away, fine, imprison” – and it is better not to comment on them at all. However, from a retrospective point of view, nothing else can be expected.
40 years of “gold” robbery
On April 5, 1933, US President Franklin Roosevelt signed Executive Order No. 6102, effectively legalizing the confiscation of gold from the public at a price of $20.66 per troy ounce.
A little later (in 1944), the US government, on the basis of the Bretton Woods agreement, imposed American green paper on the whole world – but at $35 per ounce. At the same time, the price, according to the terms of the mentioned document, was rigidly fixed at this mark. This led to the fact that in the middle of the 20th century America controlled 70% of the world’s gold reserves.
And already on August 15, 1971, another president, Richard Nixon, announced a temporary ban on converting the dollar into gold for the Central Bank. However, before that, in 1968, Washington introduced a dual gold market: on one, the price was free, and for the Central Bank, the rate still remained fixed at $35.
After a series of metamorphoses, on March 16, 1973, the Jamaica Conference took place, subordinating the price of the main precious metal to market laws and removing all obligations assumed by the United States.
So, the chronology of events unfolding over four decades makes it possible to understand the typical train of thought of the “owners” of money. First, they took gold from their population at $20.66, then from the rest – but already at $35 – promising everyone the inviolability of the exchange rate of the “paper notes” they issued. After that, they devalued the dollar to … However, you know the current rate of gold against the dollar
But even with gold it’s not so simple.
Since September 12, 1919, its price has been determined by the London Gold Market Fixing Limited, established by the five largest producers and traders of precious metals at that time (Mocatta & Goldsmid, Pixley & Abell, Samuel Montagu & Co, Sharps Wilkins). However, NM Rothschild & Sons has always taken the lead. It was in their office that the meetings that determined the price of the asset took place.
In addition to their own interests, the Rothschilds represented the interests of the Central Bank of England. To the shame of the latter, they were the actual owners of it, turning the central bank of the dominant world empire into a private shop. By the way, in 2004, NM Rothschild & Sons unexpectedly left the LGMFL “fixers”, and the right to defend the interests of Great Britain was ceded to Barclays bank. This was seen by many as the long-awaited independence of England from the House of Rothschild.
Independence, however, turned out to be conditional, since at that time the head of Barclays was Markus Agius, the son-in-law of the former head of NM Rothschild & Sons, Edmund de Rothschild. Naturally, the new representative continued to zealously monitor the observance of the interests of the “family”.
100 years later (September 26, 2016) an anniversary meeting took place in honor of the centenary of the establishment of the London Gold Fixing. The party was attended by representatives of the banks Barclays, HSBC, Deustsche Bank, Scotiabank and Societe Generale. As we can see, the composition of those invited was radically different from the list of founders in 1919. But the head of NM Rothschild & Sons, David Rene De Rothschild, received guests at his residence. The conclusion suggests itself: everything flows, everything changes, except for one thing – an influential family is still at the helm.
By the way, LGMFL is involved in the so-called “cartel” when the price of the precious metal per troy ounce – for no apparent reason – fell from $850 in 1980 to $300 in 1982. The trigger for this event was the entry of Soviet troops into Afghanistan. However, he was not the true purpose of the family. With the help of this conspiracy, it was planned to force the controlled Central Banks to exchange the reserves of the yellow metal accumulated over the post-war years for dollars.
However, this is a completely different story, and we may tell you about it later.
What has changed?
What changes are we seeing now – almost a hundred years after the scam was done? Times may have changed, but human morals have definitely remained the same.
Thanks to the advent and massive spread of the Internet – and after it, social media tools – it has become much easier to manipulate the mass consciousness. It is no longer necessary to spend a huge amount of time on “introducing” one or another paradigm into the minds of fellow citizens, and the reform of the education system has increased the degree of people’s susceptibility to standard clichés. As a result, today’s youth is not able to critically analyze and perceive the information poured on them.
Therefore, the situation will remain the same. The rich, as usual, will get richer, and the poor, even poorer. Which is quite logical, because the closer a person’s needs are to the level of physiology, the further he is from self-actualization, which means that it is much easier to manipulate him. And blockchain technology will only simplify this process, turning our life into something transparent, easily controlled and totally traceable.
If you find an error, please select a piece of text and press Ctrl+Enter.