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UPDATE 8/13/21: I’m currently researching and compiling court cases where micro captive insurance arrangements have lost case versus the Internal Revenue Service and I am making an “explain like I’m a smooth brain” translation of §831(b) micro captive insurance companies elected under §953(d). This is not a fast process because it is currently just me doing this. I will deliver; please be patient my apes. Only quality here. Mods, flair me “actually autistic” please? 😎
Here is the most recent update from the IRS on micro captive insurance tax shelters:
https://www.irs.gov/newsroom/irs-urges-participants-of-abusive-micro-captive-insurance-arrangements-to-exit-from-arrangements
IRS WINS AGAIN! IRS v. MICROC-CAPTIVE COURT CASES
https://www.gtlaw.com/en/insights/2021/4/irs-wins-again-on-micro-captive-arrangements-urges-taxpayers-to-exit-transactions
Here is a post from another rich bozo saying how “unfair” it is that the IRS is cracking down on these. It’s all bullshit, trust me. The worst part is that this is currently legal. We will get em apes
https://www.linkedin.com/pulse/micro-captives-us-have-once-again-appeared-internal-revenue-wallach
I heard you degenerates wanted information on how these big players hoard billions in offshore accounts? Well shut up and learn how exactly they are doing it! Please read this post if you have the time. This is exactly how the money is going overseas and hidden.
This is all 100% public information obtained from irs.gov and from the help of other apes.
I want to say that even though the title says whistle blower I do not work for a hedge fund. That was an error. The word “whistleblow” should be corrected and replaced with the phrase “legally compile substantial evidence and send” Please do not confuse me for a whistleblower as most understand the definition, thanks!!
TLDR; “The Internal Revenue Service has entered the chat”
GOT SOME APES MESSAGING ME INFO SHITADEL HAS CAPTIVE INSURANCE COMPANIES!!! ILL UPDATE AFTER WORK. <insert funny original meme image here>
Thank you all so much for the awards! I did not expect this to get so much attention because it is tax related. I truly believe this is how we will get them. After all, the Mafia was taken down by the IRS, remember?!
I promise to respond to each and every one of you beautiful people after work. Please be patient I promise I will
For anyone reading this who may know me, I am exclusively referencing hedge funds in this post.
... keep reading on reddit ➡Here's an article mentioning it: https://www.businessinsider.com/jp-morgan-fed-gold-vault-theory-2013-6
I just want to say that this type of sleuthing is already a powerful part of this group, but we could do MORE. We have a lot of smart Apes here (I'm looking at you, u/Ditch_the_DeepState!), and if we put our heads together, there is no limit to what we might uncover. I highly encourage every Ape to dig deep and expose the criminals, help restore honest money, save the world, and END THE FED. ⚔️☠️⚔️
As numerous financial sites and reporters have said - Evergrande is likely the first, and not the only, Chinese-based property development company that is going to melt-down. We've heard repeatedly that this is expected to be a contagion with world-wide implications.
I originally thought the CCP would get control of this, and absorb the losses through a myriad of state-owned businesses, and possibly even direct intervention. But, I've started taking this more seriously. The CCP may choose not to (or may not be able to) stop a tidal wave of defaults.
The conclusion to the Zero Hedge article:
"Looking ahead it only gets worse: fifteen of the country’s most stressed property developers will have $2.1 billion in bond payments due this month, according to calculations by Citi, comprised mostly of coupons. If they somehow manage to avoid mass defaults, it only gets tougher in January when the bill is set to double as principal payments come due, indicating market stress may reach another maximum around that time.
Finally, the worst news is that the market contagion is starting to spread rapidly to the broader property market: overnight China reported that Shenzhen second-hand home sales crashed 80% y/y to just 1,765 units in September, the first sub-2,000 print in 12 years. Should Beijing fail to arrest this crash in the real-estate market, then all bets are off."
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What are your top sources?
Yes, we are early, the price has barely moved yet.
Some numbers to keep in mind:
• 50 billion ounce ever mined. Most thrown away.
• 4 billion ounces investment silver available, with 7 billion people on the planet. Less than an ounce per person.
• Mine supply is 1 billion a year, as is demand (roughly). If total global demand would only increase by 50% and supply would remain the same, WE WOULD FINISH ALL STORED silver in 8 years.
• Those 4 billion ounces are worth approx. $120 billion, while global assets are worth approx $300 trillion. So silver represents about 0.3% of global asset value. Only ~1% of people hold precious metals. Once the crowd tries to rush through one tiny door, things are gonna get tight.
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pension funds manage $55 Tr , no silver
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central banks $12 Tr fx reserves, no silver
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billionaires $ 13 Tr wealth, close to zero silver, as far as we know
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hedge funds $10 Tr assets, zero in physical !!! Silver
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largest 500 corporations approx $10 Tr in cash reserves, zero in silver...
Total $ 100 trillion of assets, none allocated to silver
The world is forced to accept fiat currency , bonds, and stocks, and no big guy dare invest in silver publicly.
This is reality, apes.
James Anderson Video
https://www.youtube.com/watch?v=zdQyNZT1kW4
https://twitter.com/jameshenryand/status/1413650422930288642?s=20
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This is purely a hypothetical post. It is assuming that any hedge fund you interviewed at hired you solely based off of knowledge and not resume, school prestige, other intangibles, etc.
If you had to start from scratch with basic knowledge of finance, how would you gain enough knowledge to be hired at a hedge fund? What books would you read? What courses would you take? What are some things you would do to make sure you had the knowledge to break in?
I TOOK A SCREEN SHOT, SINCE THE REDDIT BOTS WON'T LET LINKS FROM ZERO HEDGE BE POSTED.
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