Category Archives: SIXX MBA

What Should the Gold Price Be?!


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So many ways to calculate!

You will often read how various experts in the financial press will say that the gold price “should be” about $2000/oz., to $3000/oz., or slightly higher.  But what they almost never say is how they arrived at their figures, and what assumptions they are making.

The reality is that the gold price, today, given today’s conditions, should be about what it is right now.

But conditions are likely to change, and change dramatically, and can change very quickly.  The conditions that are mostly like to change the most quickly are people’s perceptions and understanding of the reality of the dangers of theft due to inflation.

The US Federal Government is spending about $1.6 trillion more than they take in from taxes, which is $1600 billion, which is $1,600,000 million, which is $1,600,000,000,000 dollars.  The news on TV this morning said that the US national debt increased by $400 billion in the last 3 months, which confirms the numbers.  They are not able to fix this problem anytime soon.  This problem could not be fixed even if they taxed incomes at rates of 100% per year.  And they are mostly just printing this money, which creates inflation, which means that prices will go up, for everything, including, and especially, for silver and gold.

Today, very few people in the USA understand that they need silver and gold, and that is likely to change, and historically, those kinds of attitude changes happen very quickly, which result in dramatic and very sudden increases in the prices of silver and gold.

Today, in the USA, only about $3.5 billion is being spent annually on silver, (estimated at 100 million oz. x about $35/oz.) and only about $3.4 billion is being spent annually on physical gold (estimated at 2 million oz. at about $1700/oz.), for a total of only about $7 billion spent on precious metals to protect itself from inflation.

But the USA has about $18 trillion of cash, savings, and short term bonds in the banking system, which can also be expressed as $18,000 billion, $18,000,000 million, or $18,000,000,000,000 dollars.

So, mathematically the reality is that new money creation is about $1600 billion, out of $18,000 billion, which is an annual increase of nearly 9%, and yet only $7 billion out of $1600 billion of new money creation is being spent on precious metals, which is only 0.4%, or expressed another way, is only $1 out of every $229 dollars of newly created money being spent on silver and gold, and only $1 out of $2,571 of money in the banks is being spent on silver and gold, which is only 4% of 1%.

So, currently, this is next to nothing compared to the avalanche of money that is going to be spent on silver and gold.

So, we could ask ourselves the following questions:

1.  What is likely to happen to the gold price in the event that 1% of money in the USA were to be spent on gold and silver in a year.

2.  What if 10% of the money in the USA were spent on gold and silver in a year?

3.  “What if 10% of the money in the world were spent on gold and silver in a year?”

4. “What if 100% of all paper money had were to be spent on gold and silver in a year?”

5.  “What if 100% of US paper money had to be backed by all the official US gold?”

6.  “What if 100% of US paper money had to be backed by all the US gold that the US government is likely to have left?”

See, the gold price will be dramatically different, given the different assumptions, as follows.

First question. What if 1% of money in the USA were to be spent on gold and silver in a year?  Money in US banks is about $18 trillion.  1% is $180 billion.  This is 26 times what the USA currently spends on silver and gold, which is only $7 billion.  The entire world annual gold market production is about 75 million oz..  The USA buys only about 2 million oz. of that.  The USA spends about half on silver, and half on gold.  What if that continues?  Well, if the US spent $90 billion on gold, at $1700/oz., that would be 53 million ounces.  Clearly that kind of new demand would push up the price, probably to triple the current price, taking the gold price to $5100/oz.  For silver, $90 billion at $35/oz. would buy 2.6 billion ounces.  But here we have a major problem.  World silver production is only 0.7 billion ounces, or 700 million ounces.  Furthermore, there is no large above ground stockpile of silver, as most has been consumed by industry, and furthermore, most of the silver market is already being consumed by industry, leaving very little left over for investors to bid over, which is only about 150 million oz. left over for investors.  But let’s assume that industry gets squeezed out, leaving 300 million oz. available for investors who wish to spend $90 billion on silver.  This gives us an easy calculation for the price, which is $90 billion divided by 300 million, or .3 billion.  So, 90 / .3 = $300/oz. for silver.

But those numbers are extremely unrealistic.  Only 1% spending money on silver and gold?  Really?  Not likely, it’s likely to be far more.  Conditions of inflation are only likely to change when interest rates are as high as the annual increase in the silver and gold prices, which are above 20% per year.  After all, why earn 1% in bonds if you can earn 20% in gold?

Second question.  What if 10% of money in the USA were to be spent on gold and silver in a year?  This would be $1800 billion.  Half into gold would be $900 billion. With world annual production at 75 million oz.  If the USA bought half of world production, that would be only 37.5 million oz.  $900,000 million / 37.5 million oz. is $24,000/oz. for gold.  If $900 billion were to be spent on half of world annual silver production, that would be only 350 million oz., which would lead to a price of $2,571/oz. for silver.

Third question.  What if 10% of money in the world were to be spent on gold and silver in a year?  World money is about $60 trillion.  10% would be $6 trillion.  If half were to be spent on total world gold production, that would be $3 trillion spent on 75 million oz., which leads to a price of $40,000/oz. for gold.  If $3 trillion were spent on 700 million oz. of world annual silver production, that leads to a price of $4,286/oz. for silver.

Now, the interesting thing about rising prices, is that they tend to attract more money, because everyone wants in on it.  People today who think silver is expensive at $35, will be scrambling to buy silver as it just keeps relentlessly climbing.  For two reasons.  First, they will recognize that dollars are just used paper, like newsprint, and they will be fearful to hold them as their values just keep going down, and fast.  Second, they will want to become wealthy, and they will see that they only way to do that is through owning real wealth of silver and gold.  So, this leads us to the inevitable question, the 4th question, what happens when the entire US money supply is spent on silver and gold, over a nice, slow pace, of over an entire year.  Now, think about that again.  This is still well before hyperinflation really kicks in, well before people are spending their entire paychecks on silver and gold the instant that they get paid, and well before the government starts printing new money with several more zeroes at the end of it.

So, 4th question, what if 100% of US money is spent on silver and gold in a year?  $18 trillion, or $18,000 billion.  Half for gold is $9,000 billion, spent on, say 2/3rds of world gold production of 75 million oz., would be 50 million oz.  $9,000,000 million spent on 50 million oz. leads to a price of $180,000/oz. for gold.  And if $9,000 billion is spent on 2/3 of world annual silver production of 700 million oz., which is 467 million oz., that would be $19,272/oz. for silver.

But let’s assume that the US government tried to prevent that from happening.  Let’s assume that the government would be smart enough to back all US currency with the official US gold, at a rate that would give the dollar a 100% gold backing.  (I know, kind of a crazy assumption to assume that the government would be smart, but let’s assume anyway.)  The point of considering these numbers is that, in theory, the US government could stop runaway inflation with a 100% gold backing and a balanced budget, but given today’s political climate, that’s currently impossible.  But let’s say the Tea Party wins a full sweep of both houses of congress and we get Ron Paul as president, and let’s assume that instead of trying to return to the gold standard, he tries to simply prevent runaway inflation with full 100% gold backing all dollars in all US bank accounts.  It’s a very simple calculation  $18 trillion divided by 261 million oz. of official US gold = $68,966/oz.  Given the previous calculations, silver could hit a 10 to 1 ratio to gold, which would be about $7,000/oz.  This is what the gold and silver prices “should” be, given the givens of honesty, and living up to the basic pledge of FDIC “government” insurance on all bank accounts.

Ah, but finally, many people reasonably expect that the US has already sold off a lot of the official gold to protect and defend the dollar at current low gold prices, which is more consistent with government reality and stupidity and rising gold prices.  In that event, the dollar is like burnt toast, and there will be no stopping the coming runaway gold price increases.

The reality is that we live in an age of deception, because the dollar is a deception.  Over the entire last 12 years of the gold bull market,

Our prices for gold and silver have never been lower.  Our current low prices are limited to about the next $300,000 worth of customer orders, so get your order in quickly, before prices move back up.

See our new lower prices at www.jhmint.com . We are now selling bags of junk silver at 0.3% over spot!!!

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The Limitations of Silver Mining Stocks


Although you’d never know it based on silver prices, silver mining stocks fell behind years ago and have struggled to catch up.

Silver is a crucial component in the manufacture of so many things we depend upon in modern society, and as such, will be only minimally affected by a global economic slowdown.

With a growing industrial demand and the reality that the silver mining industry is not able to meet it, it seems obvious that silver prices are poised to go up…and yet no one in the mainstream wants to believe it!

The History of Silver Mining

Silver has been mined for over 25,000 years. Widespread soon after the Roman conquest of the first century AD, mining of silver was a driving force in the settlement of western North America. The first major silver ore deposits in the United States were discovered at the Comstock Lode in Virginia City, Nevada, in 1859.

The United States produced 1,200 metric tons of silver in 2007, 35% of the silver it used. The remaining 65% was imported from Mexico, Canada, Peru, and Chile.

Silver Mining Stocks

I believe strongly that silver mining stocks are not a good bet for most silver investors.

All newly-produced silver is already spoken for by industrial demand. Therefore, the only real silver available for new investors is the sale and resale of silver by existing silver investors.

Yes, it is true that mining stocks can potentially move up much higher, faster, and at greater percentages relative to the spot price of silver. But they can go the other way as well. And unless you have money that you can gamble with an afford to lose you must to consider the downside.

In addition to trying to meet an incredible demand, world silver miners are facing a rough road ahead. Entangled in the roots of financial mess, environmental impacts, and manipulated prices, many mining operations have already been or soon will be nationalized. This will be devastating for people who own stock.

But remember, futures, options and ETFs and mining stocks are much easier to buy and sell than real silver.

Since the big gains come with long-term positions, the fact that physical silver forces you, more than any other form of silver, to hold is a very good thing and why coins are essential.

The Reality

Gone are the days when there was universal talk of inexhaustible inventories of silver. The depletion of thousands of years of accumulated silver inventory has resulted in rarity and scarcity of above-ground silver available for small investors. We’ve had a consumption deficit lasting more than half a century.

We are in the midst of the perfect storm. With growing industrial demand, increased investment demand, a shortage of retail silver, and a serious financial crisis, the retail market for silver has tightened like never before.

The continued debasement of the dollar in a crumbling world financial situation is slowly turning the herd toward silver at a time when there has never been so little for investment!

My focus is on silver coin investing because it is the safest form of silver that you can own.

Get your silver coins now!

Click here to learn how to get started with silver coins today.

Sixxonomics – Events shaping the economic news


COLONEL SIXX:  THERE ARE 45 MILLION PEOPLE ON FOOD STAMPS. THAT IS AROUND 18% OF THE  POPULATION.

THE UNEMPLOYMENT NUMBERS ARE A LIE.  JOB CREATION IS THE LEADING INDICATOR OF HOW AN ECONOMY IS GOING AND THERE ARE PRACTICALLY NO JOBS BEING CREATED.

THERE ARE AROUND 20 MILLION UNEMPLOYED.  MANY OF THE JOBS THEY LOST ARE NOT COMING BACK.  NO ONE CAN SAY WITH ANY CERTAINTY HOW MANY PEOPLE HAVE JUST STOPPED LOOKING FOR WORK. THAT NUMBER CHANGES THE UNEMPLOYMENT RATE.

FOR  INSTANCE,  WHEN THE UNEMPLOYMENT NUMBERS WERE REVISED AND THE NEW JOBLESS CLAIMS COME DOWN,  THE PEOPLE THAT HAVE STOPPED LOOKING FOR WORK ARE FIGURED IN.  THERE IS NOW A  PERMANENT UNEMPLOYED CLASS.

WHEN WE SEE PEOPLE JUMP FOR JOY WHEN THESE SMALL NUMBER OF JOBS ARE CREATED EACH MONTH,  IT IS A DELUSION.

THE U.S. NEEDS TO HAVE 120K JOBS ADDED TO THE WORKFORCE UNDER GOOD CONDITIONS JUST TO HAVE JOBS FOR THOSE ENTERING THE WORKFORCE.  AT THAT PACE,  WE WILL NEVER HAVE ENOUGH JOBS TO GET BACK TO “FULL EMPLOYMENT”. THERE NEEDS TO BE 250-300K JOBS CREATED EACH MONTH.  THE GOVERNMENT CONSIDERS 5% UNEMPLOYMENT AS “FULL EMPLOYMENT”.

THE UNEMPLOYMENT BENEFITS ARE COLLECTED FROM THE STATES AND ALL OF THE STIMULUS MONEY WENT TO SUPPORT THE STATES.  THE AMOUNT OF TAXES COLLECTED FROM THEM WILL HAVE TO GO UP TO PAY FOR EXTENDED UNEMPLOYMENT.  WITH NO JOBS, THE AMOUNT OF MONEY THE STATE COLLECTS GOES DOWN.  THERE WILL HAVE TO BE A QE3.  WITH MORE MONEY BEING USED TO HELP THE STATES,  THERE IS LESS PUT INTO THE SOCIAL SECURITY “TRUST FUND”.

IT WAS THOUGHT THAT IT WOULD BE 2037   BEFORE SOCIAL SECURITY WOULD REALLY BE IN TROUBLE.  HOWEVER,  WITH THE 2% THAT WAS CUT FROM F.I.C.A. TAKING 115 BILLION DOLLARS THAT DID NOT GO INTO THE SOCIAL SECURITY TRUST FUND.

FOR THE FIRST TIME THIS YEAR,  SOCIAL SECURITY PAID OUT MORE IN BENEFITS THAN THEY GOT IN TAXES.

WITH NO JOBS,  THERE IS NO INCREASE IN DEMAND.   WE ARE IN FREE FALL DEFLATION.

THE SUPER COMMITTEE COULD NOT COME UP WITH AN AMOUNT TO CUT FROM SPENDING BECAUSE THEY WANT TO BE RE-ELECTED.  WHEN THESE NUMBERS LIKE 120 BILLION DOLLARS CUT OVER TEN YEARS, IT IS A JOKE.

ONLY RON PAUL HAS SAID HE WOULD CUT 1.2 TRILLION DOLLARS IN SPENDING AS SOON AS HE TAKES OFFICE.  THAT WOULD BE GREAT,  BUT EVEN THAT AMOUNT WOULD ONLY ALLOW THE NATION TO TREAD WATER.

EUROPE IS HAVING THIS PROBLEM AND SO IS CHINA.

THIS INFORMATION AND MORE IS INCLUDED IN  THE WEEKLY ECONOMIC REPORT THAT YOU CAN LISTEN TO.

Weekly Economic Update part 1

Weekly Economic Update part 2

The only way not to think about money is to have a great deal of it.

Edith Wharton (1862 – 1937)

Weekly Economic Update part 1

@ColonelSixx

I am easily satisfied with the very best.
Winston Churchill

Saudi Arabia poised to become solar powerhouse


Oil-rich Saudi Arabia is expected to begin a major push into solar power in an effort to conserve its most important export. The technology could include solar plants like this one in the California desert, which uses mirrors to concentrate the sun’s rays.

NEW YORK (CNNMoney) — The United States may be known as the Saudi Arabia of coal thanks to its large deposits. But under an expected investment push, Saudi Arabia could soon become the Saudi Arabia of solar power.

Early next year the oil rich kingdom is expected to announce a plan to get up to 10% of its electricity from the sun by 2020 — a more aggressive national policy than what’s in place in the United States.

The reason is mostly economic. The Saudis currently generate over 50% of their electricity by burning oil, which can consume up to an eighth of the country’s total oil output.

That made sense when oil was $10 a barrel. But at $100 a barrel it makes more sense for the Saudis to install solar panels and sell their oil on world markets.

Moreover, their electricity consumption is set to double by 2020.

U.S. to investigate Chinese solar ‘dumping’ claims

“This is eating into the Saudis’ ability to export oil,” said Logan Goldie-Scot, lead analyst for the Middle East and North Africa at the research firm Bloomberg New Energy Finance.

New Energy Finance estimates that given the projected price for both oil and solar panels, the Saudis stand to make 11% return on their money if they make big investments in solar power.

“Saudi Arabia has come around to the idea that this makes economic sense,” said Goldie-Scot.

That’s attracted the attention of developers worldwide who are grappling with solar subsidies drying up in nations burdened by mounting debt like Italy, Spain and Germany — traditional solar powerhouses.

So Saudi Arabia represents a rare opportunity.

“Everyone is flying to Riyadh to make sure they are in on the bids,” said Goldie-Scot.

Still, any Saudi solar commitment would likely translate into just a few gigawatts of solar power by 2020, said Goldie-Scot. That compares to world-leader Italy’s eight gigawatts of solar installed in the last year alone. A gigawatt can power roughly 700,000 U.S. homes.

Kevin Smith, chief executive of U.S. solar developer SolarReserve wants to put one of his company’s solar thermal power plants in the Saudi desert.

He said it’s not just short-term profits motivating the Saudis.

“The Saudis, one of the largest oil producing nation’s, realize that there’s limitations as to how long that’s going to last,” said Smith. “They are looking at their long-term energy plans.”

READ MORE WE ARE LOSING:

http://money.cnn.com/2011/11/21/news/international/saudi_arabia_solar/index.htm?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+rss/money_latest+(Latest+News)
 

 

 

 

World warns of disaster if no debt deal done


31 July 2011

LONDON/TOKYO, Jul – Governments and policy makers around the world warned of the risk of financial disaster if Washington fails to raise the U.S. debt ceiling.

As Congress haggled over a deal to stave off the risk of an unprecedented U.S. default, British and Japanese officials on Sunday said failure could hurt households across the globe.

“The world is watching the United States with trepidation, with anxiety, with concern, but also with hope,” International Monetary Fund Managing Director Christine Lagarde told CNN.

“Instability is never a good idea, never a good idea. And this level of uncertainty, the trepidation arising from August 2, is bringing about a lot of instability,” she added.

U.S. Democrats and Republicans face a Tuesday deadline to reach agreement. The U.S. Treasury has said it will run out of borrowing room on that day although analysts say it may have enough cash to keep servicing its debt and paying its bills through the middle of this month.

The German central bank expressed confidence the United States would avert a debt default.

The key role of the U.S. dollar in global banking and trading means financial markets face the risk of major instability without an 11th-hour agreement.

Senate Leader Harry Reid said he hoped to hold a Senate vote later on Sunday on an emerging deal to raise the debt ceiling, raising hopes the impasse could be broken.

As financial markets opened up for the week in Asia, investors took some relief from the signs of progress and the U.S. dollar strengthened against the Japanese yen, after falling to a four month low on Friday.

“If they get this one wrong and there’s a default — we don’t expect that, we think that they will sort this out — but if that were to happen, it has consequences for every family and every business in this country and all across the world,” said Danny Alexander, Chief Secretary to the British Treasury.

“I think in the end the politicians on Capitol Hill can see that the precipice they are looking over is one that they are going to step back from,” he told BBC television.

In Tokyo, sources familiar with Japan’s international and monetary affairs, also speaking earlier on Sunday, said they were increasingly concerned that markets might be too hopeful about prospects for a lasting solution to the crisis.

Japanese officials still hope Washington can strike a deal and if that proves impossible, will give priority to interest payments to international holders of U.S. Treasury debt to limit the immediate market impact, the sources said.

But Tokyo’s concern is that if the crisis drags on without a clear and long-term solution, markets may be thrown into turmoil in the same way that they suffered when U.S. investment bank Lehman Brothers collapsed in September 2008.

“If there is a default, the impact on global markets will be huge,” said one of the sources, who declined to be named because of the sensitivity of the matter.

Another Japanese source said, “Nobody thought Washington would let Lehman collapse. But look what happened.”

The German central bank said it was monitoring the situation. “Should there really not be a solution, the question arises: what happens then,” a German central bank spokesman said. “But I expect … there will be a solution in the United States either today or in the coming days.”

CHINA

China, which owns well over $1 trillion in U.S. Treasury bonds, has expressed alarm. On Saturday the official People’s Daily newspaper, the mouthpiece of the Chinese Communist Party, castigated the U.S. handling of the debt crisis as “irresponsible” and “immoral.”

It said the U.S. democratic system was to blame for the “farce,” claiming that “not a single representative has considered the world, and even U.S. national interests are being banished from the mind.

On Friday a senior economic policymaker in the euro zone, who declined to be named, expressed surprise and anger that U.S. politicians were “playing chicken” with an issue of such importance for the global economy.

Euro zone leaders are struggling to control sovereign debt crises in several countries in their region, a task complicated by the U.S. debt problem which has added to upward pressure on the yields of government bonds in those weak states.

Central banks around the world are expected to stand ready to provide emergency supplies of money to commercial banks in case the banks become too nervous to lend to each other.

Japan’s first defense will be to ensure that Japanese financial institutions have a sufficient supply of dollars, the sources in Tokyo indicated.

The Bank of Japan believes Japanese commercial banks have sufficient dollar cushions but will use its dollar swap arrangement with other central banks to prevent a dollar squeeze in case of market turmoil.

In June, the U.S. Federal Reserve extended liquidity swap arrangement with other big central banks until August 1, 2012.

The Japanese central bank is also prepared to flood markets with yen through its open market operations in case interbank borrowing costs spike, BOJ officials say.

In Europe, there were minor signs of strain in the money markets last week with some banks becoming unable to take out longer-term dollar loans, but the effect was small since banks still expected Washington would reach a deal.

The European Central Bank already offers unlimited euro loans to banks in some of its money market operations as part of its response to past crises, and it could use that policy to cope with any market problems this week.

A spokesman for the Swiss central bank said, “The Swiss National Bank is ready to react appropriately at any time to market disruptions.”

JAPAN ECONOMIC EARTHQUAKE FALLOUT-NYSE Could Invoke Rule 48 In Anticipation Of Extreme Volatility


15 March 2011

DOW OPENS AT -285.00 00837

The NYSE could hedge it’s bets by invoking the rarely used Rule 48, which “provides the exchange with the ability to suspend the requirement to disseminate price indications and obtain floor-official approval prior to the opening when extremely high market-wide volatility could cause delay opening securities on the exchange.” The full disclosure was made on the NYSE blog:

Rule 48 is intended to be invoked only in those situations where the potential for extreme market volatility would likely impair floor-wide operations at the exchange by impeding the fair and orderly opening of securities. Accordingly, the rule sets forth a number of factors to be considered before declaring such a condition, including:

  • Volatility during the previous day’s trading session;
  • Trading in foreign markets before the open;
  • Substantial activity in the futures market before the open;
  • The volume of pre-opening indications of interest;
  • Evidence of pre-opening significant order imbalances across the market;
  • Government announcements;
  • News and corporate events; and,
  • Any such other market conditions that could impact floor-wide trading conditions.

Tax Exempt Military Income (when earned in a combat zone)


Many members of the U.S. Armed Forces who serve(d) in a combat zones are able to exclude portions of their pay from their taxable income. You will also be eligible for additional time to make a qualified contribution to an IRA, and be able to file an extension to complete your taxes without paying penalties.


A combat zone is an area designated by the U.S. President by Executive Order as an area in which U.S. Armed Forces are engaging in or have engaged in combat. For the qualifying areas, go to the IRS reference page for qualified combat zones.

The following income sources will be not be reported against your gross income if they are earned in a qualified combat zone:

  • Active Duty pay earned in any month served in a combat zone
  • Imminent Danger/Hostile Fire pay earned during a month served in a combat zone

  • Re-enlistment bonus if re-enlistment or voluntary extension occurs during a month served in a combat zone (annual installments will also be tax free).
  • Pay for accrued leave — the Department of Defense must determine the unused leave was earned during the month served in a combat zone
  • Awards or Achievement Pay made for a suggestion or achievement made in a month served in a combat zone

  • Student loan repayments if the entire year of service required to earn the repayment was performed in a combat zone

Special Rules Regarding Tax Exempt Combat Pay and Benefits

Qualifying for Tax Exempt Combat Pay: If you served in a combat zone for 1 or more days during a particular month, you’re allowed the above exclusions for that entire month. Combat zone service includes any periods you are absent from duty due to illness, wounds or leave. A person is considered to be serving in a combat zone if he or she becomes a prisoner of war or is missing in action if that status is kept for military pay purposes.


Commissioned Officer pay: Commissioned Officer combat pay exclusion (other than a commissioned warrant officer), is limited to the highest rate for enlisted pay (plus hostile fire/imminent danger pay, if any).

Pay earned while hospitalized due to having served in a combat zone: You can also exclude military pay earned while hospitalized (you don’t have to be hospitalized in the combat zone). This is true even if you’re hospitalized after combat zone service.


Combat Zones and other affected areas: Military service outside a direct combat zone qualifies as service inside a combat zone for tax purposes if the service is in direct support of combat zone military operations and the service qualifies you for special military pay for duty subject to hostile fire or imminent danger.


There may be certain exceptions to this, such as being in the area during leave, passing through during travel, or you are there for personal convenience.


Hazardous Duty Areas: Members of the U.S. Armed Forces who serve outside a hazardous duty area while supporting operations in a hazardous duty area are eligible for a tax filing extension. Meeting additional requirements may entitle you to full combat zone tax benefits.


Verify your tax status with professionals

Be sure to check with your tax professional, base legal office, or other qualified professional.

These tips are only meant to serve as a guide, and are subject to change. Please check with a qualified professional before filing your taxes with the IRS.


The Looting Of America : Catherine Austin Fitts


WHY SILVER WHY NOW ?


Currency Wars Break Out


 

 

A society made up of individuals who were all capable of original thought would probably be unendurable.
H. L. Mencken