QUESTION: Hi Martin,
I am familiar with the case of Robert Kahre who eventually lost a battle with the IRS for paying his employees in $20 gold pieces to avoid payroll taxes. However, do you think holding foreign currency gold pieces in a foreign bank account would be different from a US tax perspective so that the legal tender value in that country would apply towards the $10,000 reporting level?
ANSWER: The Ninth Circuit Court of Appeals in California has upheld the criminal conviction of Robert Kahre, the man who tried to circumvent the IRS by paying his employees in gold coin. He relied on the face value of the gold coins being below the legal threshold that triggers withholding taxes. A $20 gold coin is legal tender for only $20 — not its gold value. Gold was never demonetized. From a strict construction perspective, Kahre was correct and should not have been charged legally. However, the IRS interprets the value of the gold, not the legal tender value. The Court held that Kahre didn’t do his duty to serve as a tax collector for the United States, for which you, as an employer, are not paid. Kahre is currently serving a 15-year sentence.
You must understand that you are dancing with the devil. There is absolutely NO RULE OF LAW whatsoever and all your constitutional rights are fictional. Your liberty and human rights are in the hands of every petty government officer because they get to do whatever they desire and it has become your burden to go to court to PROVE you have any human rights. This is what happens in all republics. Whenever you have a political class, they always exert their power against the people. There is ABSOLUTELY NO HISTORICAL EXCEPTION!
I understand that people say I am wrong about bitcoin or cryptocurrencies. You cannot possibly fight against government. They can say whatever they want and their judges rule in government’s favor. Forget it! You cannot find any possible legal argument that will ever survive.
Politicians often promote the least ethical people to various positions to ensure that they will have no loyalty, except to the person of their benefactor. Saint Thomas Becket (1119/1120 – 1170) was Archbishop of Canterbury from 1162 until his murder in 1170 at the altar of the church. He was the drinking buddy of King Henry II, King of England. Henry wanted to control the church and installed his friend who had never been a priest. Upon becoming Archbishop, Thomas found religion. He suddenly defended the church and was murdered in Canterbury Cathedral. So there are a few historical exceptions. However, the typical appointment of someone by politicians is normally to further their own power.
Edward Gibbon commented in “The Decline and Fall of the Roman Empire” how the rule of law collapses In this case, he was commenting on Commodus:
“[Each] distinction of every kind soon became criminal. The possession of wealth stimulated the diligence of the informers; rigid virtue implied a tacit censure of the irregularities of Commodus; important services implied a dangerous superiority of merit; and the friendship of the father always insured the aversion of the son. Suspicion was equivalent to proof; trial to condemnation. The execution of a considerable senator was attended with the death of all who might lament or revenge his fate; and when Commodus had once tasted human blood, he became incapable of pity or remorse.”
(Book 1, Chapter 4)
There is no sure-fire way to beat the government. They can say whatever they desire and the likelihood of you prevailing in a court of law is somewhere below zero. There are no fair trials. They do not exist anymore. All that is left is the Crash & Burn. Then we will get the chance to restart. It was Ben Franklin who warned against this legal system. He proposed that the legal community should nominate all judges. They will always nominate the best so they get rid of the competition. That was the Scottish system. The Constitutional Convention overruled Franklin to ensure government would control the courts. This is what we get – total corruption and no rule of law.
https://www.armstrongeconomics.com/international-news/rule-of-law/do-not-trust-governments-or-their-employees/
Yesterday at 7:36 pm by Bama Diva
» Central Bank: Closing the electronic platform enhances financial stability
Yesterday at 6:34 pm by Bama Diva
» UGT donates feasibility study to Iraq on bringing solar energy to homes
Yesterday at 6:20 pm by Bama Diva
» "Oil Money Is Not Enough" Parliament's Finance
Yesterday at 6:17 pm by Bama Diva
» "Oil Money Is Not Enough" Parliament's Finance
Yesterday at 6:15 pm by Bama Diva
» Clarification of the importance of the Central Bank’s decision to ban the sale of real estate above
Yesterday at 5:53 pm by Bama Diva
» Signing a memorandum of understanding with British Petroleum / BP regarding a program to evaluate th
Yesterday at 5:47 pm by Bama Diva
» Al-Sudani receives in London the CEO of GE for the Europe, Middle East and Africa region
Yesterday at 5:42 pm by Bama Diva
» Iraq, General Electric discuss energy initiatives
Yesterday at 5:36 pm by Bama Diva
» Shell plans to increase investments in Iraq
Yesterday at 5:16 pm by Bama Diva
» Iraq’s economic growth forecast for 2024: A promising path forward
Yesterday at 5:13 pm by Bama Diva
» Parliamentary Finance: Banking reform enhances Iraq's global
Mon 13 Jan 2025, 3:28 pm by Bama Diva
» Localization.. Signs of positive development to support the national economy
Mon 13 Jan 2025, 3:14 pm by Bama Diva
» Experts call for activating the agriculture and industry sectors
Mon 13 Jan 2025, 3:03 pm by Bama Diva
» The Central Bank of Iraq directs banks to spread and expand their financial services
Mon 13 Jan 2025, 2:36 pm by Bama Diva
» Al-Sudani: British exports to Iraq exceeded $1 billion in 2024, and its companies concluded contrac
Mon 13 Jan 2025, 2:31 pm by Bama Diva
» Above $80.. New rise in oil prices
Mon 13 Jan 2025, 2:26 pm by Bama Diva
» Coordination Framework announces agreement to move forward with budget amendments to achieve "social
Mon 13 Jan 2025, 2:18 pm by Bama Diva
» I regret to inform you after 20 yrs of postings
Mon 13 Jan 2025, 2:23 am by KUANYIN
» Central Bank of Iraq sells over $1.16 billion in foreign currency
Sun 12 Jan 2025, 5:52 pm by Bama Diva
» Iraq-China trade cooperation reaches $50 billion in 11 months
Sun 12 Jan 2025, 5:45 pm by Bama Diva
» Salih: Iraq ranks first in the world in the concentration of natural resources
Sat 11 Jan 2025, 10:51 am by Bama Diva
» PM Advisor: The monetary enhancement mechanism will safeguard financial stability in the country
Sat 11 Jan 2025, 10:45 am by Bama Diva
» Government Adviser: Non-Oil GDP Growth in 2024 Reaches Unprecedented Levels
Sat 11 Jan 2025, 10:42 am by Bama Diva
» Parliament conforms to World Bank on the importance of government infrastructure in development
Sat 11 Jan 2025, 10:37 am by Bama Diva
» PM: Restructuring government banks to ensure the availability of capabilities and openness with glob
Sat 11 Jan 2025, 10:33 am by Bama Diva
» entral Bank: There is no financial problem threatening employees’ salaries and we have great capabil
Sat 11 Jan 2025, 10:25 am by Bama Diva
» Basra crude achieves weekly gains amid rising oil markets
Sat 11 Jan 2025, 10:10 am by Bama Diva
» The dollar falls against the dinar in Baghdad and Erbil with the closing at the beginning of the wee
Sat 11 Jan 2025, 10:06 am by Bama Diva
» PM Al-Sudani eyes tourism as a cornerstone of Iraq’s non-oil economy
Sat 11 Jan 2025, 9:57 am by Bama Diva
» PMF Chief: Iraq's armed forces at their strongest
Sat 11 Jan 2025, 9:43 am by Bama Diva
» INA discusses exchange rates files, foreign transfers, and housing initiatives with the CBI governor
Fri 10 Jan 2025, 6:29 pm by Bama Diva
» Government Adviser: Non-Oil GDP Growth in 2024 Reaches Unprecedented Levels
Fri 10 Jan 2025, 6:25 pm by Bama Diva
» Parliament conforms to World Bank on the importance of government infrastructure in development
Fri 10 Jan 2025, 6:20 pm by Bama Diva
» Iraq exports oil worth over $5 billion to US in 11 months
Fri 10 Jan 2025, 5:30 pm by Bama Diva
» Iraq’s Ministry of Oil announces 2024 petroleum product sales
Fri 10 Jan 2025, 5:25 pm by Bama Diva
» US dollar exchange rate continues to decline in Iraq
Fri 10 Jan 2025, 5:20 pm by Bama Diva
» Iraq completes 400-kilometer security border wall with Syria
Fri 10 Jan 2025, 5:15 pm by Bama Diva
» Iraq collaborates with Ernst & Young on state-owned bank reforms
Fri 10 Jan 2025, 5:07 pm by Bama Diva
» Kurdistan records a significant increase in the number of imported cars during 2024
Thu 02 Jan 2025, 4:01 am by Rocky
» The Ministry of Justice announces the implementation of the electronic payment system in all notary
Thu 02 Jan 2025, 3:59 am by Rocky
» The Ministry of Justice counts the achievements and activities achieved during the past year accordi
Thu 02 Jan 2025, 3:58 am by Rocky
» Central Bank: We have started working with the correspondent banking system
Thu 02 Jan 2025, 3:55 am by Rocky
» Is the Ministry of Finance hiding the facts?.. An expert reveals the main reason for the shortage of
Thu 02 Jan 2025, 3:53 am by Rocky
» Reconstruction: 2025 plan includes 70 external road projects
Thu 02 Jan 2025, 3:49 am by Rocky
» Economist: The government is obligated to pay salaries as it is a matter of fate
Thu 02 Jan 2025, 3:47 am by Rocky
» The Central Bank of Iraq opens new horizons in foreign transfers and enhances international financia
Thu 02 Jan 2025, 3:45 am by Rocky
» Judge Zidane and Al-Sudani are the first to disclose their financial assets in 2025
Thu 02 Jan 2025, 3:42 am by Rocky
» Oil Price: Trump's Team Considers 'Direct Sanctions' on Iraq That Will Hit Oil
Thu 02 Jan 2025, 3:40 am by Rocky
» Parliamentary Integrity: The amounts recovered from the “theft of the century” do not exceed 5%, and
Wed 01 Jan 2025, 3:04 pm by Bama Diva
» Dinars entering the Ministry of Finance are 20% less than the amount it needs.. Iraqis start their n
Wed 01 Jan 2025, 2:50 pm by Bama Diva
» Mazhar Saleh: No salary crisis and financial reserves cover liquidity completely
Wed 01 Jan 2025, 4:04 am by Rocky
» Central Bank announces major achievement in foreign transfers
Wed 01 Jan 2025, 4:02 am by Rocky
» Confirmation that America is putting pressure on Al-Sudani to transform the Iraqi regime into "secul
Wed 01 Jan 2025, 3:59 am by Rocky
» Warnings of the dangers of the Turkish-Zionist-American plan to destabilize Iraq
Wed 01 Jan 2025, 3:57 am by Rocky
» Expert: Iraqi economy is stable despite changes in the dollar market
Wed 01 Jan 2025, 3:56 am by Rocky
» Economist praises ASYCUDA automation system: A step towards achieving important resources
Wed 01 Jan 2025, 3:55 am by Rocky
» More than $60 billion in Iraqi currency auction sales in 2024
Wed 01 Jan 2025, 3:53 am by Rocky
» Is there a salary crisis in Iraq? Al-Sudani’s advisor explains
Wed 01 Jan 2025, 3:50 am by Rocky
» The Central Bank decides to suspend withdrawals and deposits for four days
Wed 01 Jan 2025, 3:46 am by Rocky
» Al-Sudani Office announces the implementation of the global ASYCUDA system to automate customs opera
Wed 01 Jan 2025, 3:42 am by Rocky
» The leaders “reconciled” and the amendment of the electoral law is “a done deal”.. What does this da
Wed 01 Jan 2025, 3:41 am by Rocky
» With the document .. MP Sand files a complaint against the Ministry of Finance .. for this reason
Wed 01 Jan 2025, 3:39 am by Rocky
» Parliamentary Finance: The government is working to enhance non-oil revenues
Wed 01 Jan 2025, 3:37 am by Rocky
» The 10 most indebted Arab countries in 2024.. This is Iraq's rank
Wed 01 Jan 2025, 3:35 am by Rocky
» utube 12/27/24 MM&C MM&C Iraq Dinar News-Iraqs Wealth Fund-National Currency-Arab World Volume Tra
Tue 31 Dec 2024, 7:42 am by Rocky
» utube 12/28/24 Iraq - CBI Governor Makes an Announcement, Digital Banking Expansion
Tue 31 Dec 2024, 7:41 am by Rocky
» utube 12/29/24 MM&C MM&C Iraq Dinar News-Digital Transformation-Global Economic Power-USA-Imminent
Tue 31 Dec 2024, 7:40 am by Rocky
» utube 12/31/24 MM&C MM&C Iraq Dinar News-Commemorative Coin?-Investment Attractive-Dollar Auction
Tue 31 Dec 2024, 7:40 am by Rocky
» Al-Sudani chairs expanded meeting to review Oil Ministry projects
Tue 31 Dec 2024, 7:35 am by Rocky
» Prime Minister stresses importance of investing best opportunities to maximize state revenues
Tue 31 Dec 2024, 7:27 am by Rocky
» Prime Minister's Office announces implementation of ASYCUDA global system for automating customs ope
Tue 31 Dec 2024, 7:24 am by Rocky
» Judiciary: Recovering 12 billion dinars for financial fraud crime
Tue 31 Dec 2024, 7:20 am by Rocky
» US-Iranian Tension: Iraq Between Competition and Mediation Role After Trump’s Return
Tue 31 Dec 2024, 7:14 am by Rocky
» MP confirms settlement of controversy over ministerial amendments
Tue 31 Dec 2024, 7:07 am by Rocky
» National Union: Time is no longer sufficient for the dialogue on the oil and gas law to mature
Tue 31 Dec 2024, 7:05 am by Rocky
» Economist: Relying on oil as a source of revenue will have serious consequences
Tue 31 Dec 2024, 7:03 am by Rocky
» Al-Maliki: Repeated amendments to the election law weaken voter confidence in the political process
Tue 31 Dec 2024, 7:01 am by Rocky
» Parliamentary Legal: Interrogating ministers and officials is still subject to political agreements
Tue 31 Dec 2024, 6:58 am by Rocky
» Due to the American veto, Iraq suffers from a weak armament in the face of regional developments
Tue 31 Dec 2024, 6:52 am by Rocky
» What is holding up the passage of the oil and gas law so far?
Tue 31 Dec 2024, 6:49 am by Rocky
» New Cabinet Resolutions Package
Tue 31 Dec 2024, 6:45 am by Rocky
» Experts speak to {Sabah} about the most important economic events in 2024
Tue 31 Dec 2024, 6:36 am by Rocky
» Al-Sudani stresses the importance of review and investing the best opportunities to maximize state r
Tue 31 Dec 2024, 6:30 am by Rocky
» With more than 30 billion dollars... a leap in the projects market in Iraq
Tue 31 Dec 2024, 5:15 am by Rocky
» Central Bank of Iraq sells about $290 million in currency auction
Tue 31 Dec 2024, 5:12 am by Rocky
» Customs: Our revenues increased by 128% during the current year
Tue 31 Dec 2024, 5:08 am by Rocky
» Our Economic and Financial Vision for 2025 in Iraq
Tue 31 Dec 2024, 5:05 am by Rocky
» How much of Iraq's electrical system has been lost due to the halt of Iranian gas?
Tue 31 Dec 2024, 5:02 am by Rocky
» $31.7 billion is the increase in the value of its market projects in Iraq
Tue 31 Dec 2024, 5:00 am by Rocky
» Turkmen gas will cover 50% of Iraq's stations' needs.. New details about the agreement
Tue 31 Dec 2024, 4:57 am by Rocky
» Basra-Haditha oil pipeline.. will go to 5 countries and this is its value
Tue 31 Dec 2024, 4:55 am by Rocky
» Early talk about postponing the elections is “evidence” of Iraq’s entry into the map of change in th
Tue 31 Dec 2024, 4:52 am by Rocky
» New details on the incident of the "death of a US National Guard soldier" in Iraq - Urgent
Tue 31 Dec 2024, 4:48 am by Rocky
» Economist: Iraq-Jordan oil pipeline enters implementation phase
Tue 31 Dec 2024, 4:45 am by Rocky
» International Report: 2025 will be the largest year for projects inside Iraq
Tue 31 Dec 2024, 4:42 am by Rocky
» Monetary policy collapses in Iraq.. Investment in banks is almost non-existent and the Central Bank
Tue 31 Dec 2024, 4:40 am by Rocky
» We have started preparing for next summer.. Electricity: The agreement to supply Turkmen gas will co
Tue 31 Dec 2024, 4:37 am by Rocky
» Former MP: Wrong timing hinders the passage of laws
Tue 31 Dec 2024, 4:35 am by Rocky