MoneySmarts | Maryann Gebauer

⭐️ Mortgage risk 8min https://x.com/ContrarianTribe/status/1799120545952256227

⭐️ Mortgage risk 8min https://x.com/ContrarianTribe/status/1799120545952256227/mediaViewer

Here is the WEF equivalent in Russia: ST. PETERSBURG INTERNATIONAL ECONOMIC FORUM 2024 The agenda is identical to WEF. Mandatory PCR testing. Digital ID for all attendees. U$19,000 cost to attend. Discussion on a sustainable world order based on carbon credits, surveillance, digital currency, biometrics etc. https://edwardslavsquat.substack.com/p/multipolar-world-order-converges

⚠️NEW YORK TIMES 70% chance that “advanced AI” will wreck humanity says Open AI Whistleblowers A group of OpenAI insiders is blowing the whistle on what they say is a culture of recklessness and secrecy at Open AI, which is racing to build the most powerful A.I. systems. The group, which includes nine OpenAI employees, has rallied in recent days around shared concerns that the company has not done enough to prevent its AI systems from becoming dangerous. OpenAI is aware of major risks if it succeeds in building an artificial general intelligence (AGI) system, but is ignoring them, Daniel Kokotajlo, a former researcher has warned in an interview with the New York Times. According to Kokotajlo, who left Open AI’s governance team in April, the chance that “the advanced AI” will wreck humanity is around 70%, but Open AI is pushing ahead with it regardless. https://www.nytimes.com/2024/06/04/technology/openai-culture-whistleblowers.html https://www.rt.com/business/598858-openai-ignoring-ai-threat-insider/

⚠️ WEF just admitted their plan to make cash illegal Source: Solari

⭐️ Tax rebellion is the single most important component of all successful rebellions in history. But this is not rebellion. It is responsible taxation. This is not 'willful refusal to pay tax'. It is a refusal to fund illegal wars, genocide, ethnic cleansing and crimes against humanity. While our government is unable to honour these basic human rights, we should not be funding them. If we as taxpayers continue to fund our government, we are also aiding and abetting these crimes for which we could be found criminally liable. To protect yourself from criminal liability, you set aside your taxes & fines in a conditional TRUST. How to establish a Taxation Trust? This is a UK organization, but the principles are applicable in Canada. https://www.probityco.com/

⭐️ If we as taxpayers continue to fund our government, we are also aiding and abetting these crimes for which we could be found criminally liable. To protect yourself from criminal liability, you set aside your taxes & fines in a conditional TRUST. How to establish a Taxation Trust? This is a UK organization, but the principles are applicable in Canada. https://www.probityco.com/

⭐️ Is Martin Armstrong fomenting trouble? His statements about nuclear war are troubling. His proprietary Socrates predictive program is giving massive signals, but his interpretation is very disconcerting. His final statement does ring true. “The West NEEDS this war, for just like World War II, governments collapsed and new ones take their place and they ALWAYS default on the debts of the previous. Even the US never honored the debts of the Continental Congress. Every Western government is preaching war. They are not interested in peace because they know they are in serious trouble when it comes to the Debt Crisis.” https://www.armstrongeconomics.com/world-news/geopolitical/the-impact-of-the-trump-verdict-of-our-ai-computer-the-fall-of-the-us-in-8-6-years/

⭐️ “The men (and they are mostly men) who are inventing this world of super machine intelligence and biological engineering tend not to believe in religion. But they want to be gods. As the writer and commentator G.K. Chesterton contended in 1932, “The truth is that Irreligion is the opium of the people. Wherever the people do not believe in something beyond the world, they will worship the world. But, above all, they will worship the strongest thing in the world.” Today the strongest thing in the world is Big Technology. Until we stop worshiping at the temple of Saints Peter or Elon or Zuck or Marc, we will be trapped in the future they want.” Jonathan Taplin, in an excerpt from his new book The End of Reality VANITY FAIR https://www.vanityfair.com/news/2023/08/musk-thiel-zuckerberg-andreessen-alternate-autocratic-reality

⭐️ A Canadian accountant comments on the NEW Capital Gains Tax “The proposed changes will only impact you as an individual if you have total capital gain that is more than $250,000 in any one tax year (per year per person).  For 2024, this $250,000 limit applies to gains realized on or after June 25, 2024.  Any gain up to the end of June 24, 2024 will be included into income at 50%.  In either period there will be limited exceptions, such as the in-kind gift of marketable securities where special rules apply to reduce the income inclusion to $nil.   The change to the capital gains inclusion rate will only impact you personally in years which you have a gross capital gain that exceeds $250,000 once the proposed  change becomes effective.  The $250,000 limit on which the 50% capital gains inclusion rate will only apply to a person once the proposed change become effective.   A capital gain that is taxable in a corporation or trust will be included into income at 66 2/3% once the proposed change becomes effective.   Examples of where capital gains could occur from include: 1) A portion of your principal residence if: a) A separate laneway home or self-contained secondary suite was built; b) A significant portion of the residence/property was used to earn income; c) Excess land above 0.5 hectares (1.24 acres) applies and where a minimum lot size does not apply; and/or d) All the years the property was owned are not able to be designated as a principal residence, etc. 2) A personally owned second property such as a cottage. 3) A personally owned recreational property or rental property. 4) Real estate owned by a corporation (or trust). 5) Marketable securities owned by a person in a non-registered account or by a company (or trust). 6) Shares of a private company you or a company (or trust) might own.   Assuming the proposed changes go through, you are motivated to consider whether you will sell assets or conduct other transactions to try and realized gains before June 25, 2024, which is the date on which the new capital gains inclusion rate will apply.  The fact that the change in inclusion rate does not occur until June 25, 2024 was purposely done to allow taxpayers time to make a choice as to whether to trigger a capital gain before the change comes into effect.   If you are not looking to sell the asset with a large unrealized gains until after 2025, it becomes a question as to whether the cost of paying taxes now through some sort of internal transaction is worth the presumed future savings gained when the asset is eventually sold.    The full proposed tax legislation has not been released and the next few weeks will provide an indication as to whether a coalition of federal parties will band together to defeat the 2024 federal budget.”   Richard G Marsh, BBA, CPA, CA Marsh & Marsh, Chartered Professional Accountants B.C.