E33 - Petro yuan is a threat t the US dollar, Germany Won't Tax Cryptocurrencies, Wyoming - Crypto Tax haven and Wind Power!
Show for April 4, 2018
1. Seeking Alpha: Yes, the Petro yuan is a threat t the US dollar.
2. United States House of Representatives Bill H.R. 5404 Introduced by West Virginia Representative Alex Mooney.
a. The US Dollar has lost 30% of its purchasing power since 2000, and 96% since 1913.
b. It's the policy of the FED RESERVE to maintain a 2% yearly infaltion rate. It might increase
home prices, but it isn't much good for anyone else. That policy has raised the price of
manufactured goods in the US 40% since 2000. That's 20% compared to France and German.
c. The dollar needs to be stable, have a fixed exchange rate, and a controlled money supply.
3. Germany Won't Tax Cryptocurrencies Used To Make Purchases.
a. Bitcoin is considered tax exempt.
b. The basis of the German decision comes from the European Court's 2015 decision,
which stated cryptocurrency as a legal means of payment.
c. The IRS treats Bitcoin, and all other cryptos, as a sale of property subject to capital gains
d. In Germany, if you hold cryptos for more than a year, you will not be forced to pay capital
4. Wyoming H.B, no 0070: The sale of block chain tokens is to be exempt from regulation and money
sending legislation. But only if it's used for consumption. And only if that purpose was available at the time of sale.
5. Wyoming has the potential for the most wind power than any other state in the Union.
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