Video about the Birth of the Crisis

The first video explains a schematic representation how it started and tells the story what happened until it went wrong..

The second video tells what happened when it went wrong

Corney Vanhelden is a successful entrepreneur and international businessman with many years of experience. The video’s above is the real proof how wrong things can go. Try to think that a problem like that can be tackled when Corney’s Model would be implemented.
He has described it all in his book `How to Survive without Taxes`, see his site
www.Done-with-IRS.com for specifics.

My dear readers - 10

Enough is enough is enough.
First it’s Freddie and Fannie Mae.
Then it’s the auto industry.
And in today’s online NY Times, I see the steel industry is looking for a handout.

Now, let it be known, IMHO, these bellweather entities have played a significant role in the demise of our economy.
Never a proponent of big business, I believe the pressures to achieve acceptable daily stock performance have led to inscrutable business practices that often cross the line into corrupt, if not criminal behaviors.

And so, I ask you, my dear readers.
What about us peons?
What about those of us who are losing jobs?
Losing homes?
Having creditors ring our phones off the hooks?
Our dear Obama is indeed talking about an economic stimulus that will benefit us little folks, but we also need to turn up the volume relative to our economic needs.

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

My dear readers – 9

Talk about creative! I came upon this little ditty in yesterday’s issue of BoingBoing.net and it reminds me of when I was a kid and I thought of all kinds of innovative ways to use conventional things.
Some kids in California have done just that.
Like everywhere else in the country, the bottom has fallen out of the housing ($1 million plus) market, and the water has subsequently been drained out of all the pools.
Huh?
The young folks out there have made a most ingenuous connection between empty pool and skate park!
Can you imagine using a diving board as a jump ramp?
Ouch.
Now let’s see what kind of money-making gig can come out of this unique thinking.

On a similar, but more serious note, (also a tidbit from BoingBoing), one guy from an unnamed town has taken it upon himself to match homeless people with homes that are empty and in foreclosure.
He says he doesn’t care about getting arrested, and is moving forth because it’s simply the right thing do to.

I am so excited about the innovation and courage bubbling up among us.
It seems the days of saying, “it’s someone else’s job,” are over and we are reinventing ourselves and our world!

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

Taxes, money, currency :

Caroline Kennedy withdrew her New York State Senate bid because of taxes and household help, aka nanny.
We all know what that means.
Timothy Geithner, “almost” secretary of Treasury in the new regime admitted to careless, unintentional errors in tax calculations he made years ago.
The tax monster strikes again.
And Mr. Geithner has come out making a strong statement about the suspected manipulation of Chinese currency.
He says
“China is purposely keeping its currency devalued against the dollar and leaving American exports at a competitive disadvantage against lower-priced Chinese goods. “
http://www.nytimes.com/2009/01/23/business/worldbusiness/23treasury.html?_r=1&th=&adxnnl=1&emc=th&adxnnlx=1232712160-JoduYWhYLQaImebJiYW82A

Taxes, money, currency:
always the same polluters of economy, society, and politics.

The plot thickens …. Stay tuned!

My dear readers - 3

Have you discovered BoingBoing.net?
According to author Chris Anderson, (The Long Tail: Why the Future of Business is Selling Less of More) in 2006 it was the world’s most popular blog, known for its comments about technology and subculture.
Today it is number 21

Why do I bring up BoingBoing?

First, I highly recommend it as a valuable source of knowledge and commentary with a slightly liberal slant.

Second, on a recent reading, I discovered this link: http://www.wallstats.com/deathandtaxes/

Mind you, dear readers, I am not a sales agent for this operation, but I urge you to review the site and ponder this issue of Death and Taxes, specifically, examine where your hard earned, tax dollars are going.

Think about who is calling the shots.

Think about the confusion and complexity of the budget and its appropriations

Scroll down the site and read some of the comments.
One that I particularly took note of was:

“I have your chart hanging in my office - I work for the Dept. of Defense, and I enjoy reminding my fellow civil servants of the trust and confidence placed in us by the taxpayer, as evidenced by the sheer magnitude of dollars they send us.

For me, it’s a helpful reminder of how lucky I am to work here and that I’d better accomplish something meaningful with these resources.”

Kevin Marlowe, Director, Strategic Plans and Policy USJFCOM Joint Systems Integration Command

Here’s another interesting comment:

“We have it up in the lobby of 5 Sylvan Learning Centers.

Everyone who studies it is captivated.

We point out that everything is proportional, and like to point to the Department of Education.
Our clients are amazed, and often horrified, to see how Congress sees education relative to, say, the “War of Terror”.

You know, I hear government expenditures referred to all the time on the news, and sometimes they even say “this contrasts to the Department of Defense’s budget of ….”, but NEVER in the context of the whole budget.

It’s quite the learning experience to see it all in one place!”brLee Pierce, Sylvan Learning Center

My point is twofold.

First, imagine the person hours and resources necessary to convert monies collected by the IRS into this massive, complex, complicated budget.

Second, consider how the dollars are allocated, what the priorities are.

If you are indeed a left winger, then a budget heavy on military spending will be hard for you to swallow.

If you are without health care, a budget that insurance companies at the expense of the little guy will be impossible to understand.

But imagine if you didn’t have to pay any taxes?

If your government representatives were beholden to you, their supporters, for budget decisions and financial allocations? Imagine what a world this would be.

To be continued…

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

My dear readers - 1

The other day I got an email from yet another dear reader that was certainly about an issue to which we can all relate.
Rather than repeat her story, I have decided to print her note to me in its entirety, with her permission, of course.

Dear Corney,

It’s time, last Tuesday I went out and bought my yearly pair of shoes.
It doesn’t so much matter what kind of shoes I buy – this year it happened to be a pair of those sassy short boots that are all the rage – its more the box that they come in.
I mean, during the year I buy other shoes – I don’t relish walking around barefoot – but this between Christmas and New Years shoe purchase is my annual ritual.

To what ritual might I refer?
A long time ago, when I was so traumatized by the whole tax process, had my own small business, and never could get the necessary receipts together at the end of the year, a good friend told me to keep it simple and use a shoebox to collect my receipts in.

She told me that whenever I come in with a receipt to just toss it into the box and forget it to the end of the year.
A miracle!

I have been using this miraculous technique for 10 years now, and it does keep me sort of centered around record keeping, though it is notably low tech.

But the main thing I wanted to tell you is that although the ritual of going out and buying a new pair of shoes after Christmas every year takes some of the sting out of this tax process, I dread it, I hate it, and I think it is the scourge of modern civilization.
I have depression and anxiety at the beginning of every year, a time when I should be celebrating, taking stock, and positively planning my life for the upcoming year.
Do I do that?
Do any of us do that?

No!
We scurry around collecting receipts and records, making appointments with accountants, downloading the latest version of TurboTax, and going shopping for shoes that come in a satisfactory size box. (This year my box is the perfect size – small solace though it be).

So, dear Corney, as we waste ¼ of 2009 completing the required tax forms, and all of 2009 keeping track of receipts and records, I implore you to get out there with your tax-less, cash-less plan so I can once again breathe easy and don’t feel compelled to buy a damn pair of shoes during the last week of December every year.

Your devoted reader and fan,

Doreen Hildebrand

By the way, as a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free.

If It Doesn’t Glitter, It May Be Gold

Don’t despair, my friends, Corney is here.

The financial news is nothing but interesting these days.
Up and down, down and up: wow!
Are you as dizzy as I am? Harrowing is the word.
I watch the ticker running across the bottom of my TV every day trying to maintain an emotional even keel despite the minute by minute variation in the prices of my stocks.
Can you relate?

Alright, now I want you to take a deep breath and answer this question:
have you done any harvesting lately?
(And I don’t mean the tomatoes, potatoes, and avocados in your back yard.)

A little known tax loophole, to harvest your tax loss means to offset up to $3000 of your income with the excesses in your overall loss in stock investment capital.

This is a dollar-for-dollar deal and a sunlight on a rainy day kind of strategy.

Now, this thing gets more complicated than that with various exceptions, rules, and restrictions, and therefore you need an expert accountant to keep you on the straight and narrow. I mean, for now, this tax loss harvesting strategy is certainly a ray of sunshine in an otherwise stormy sea.

But, imagine how simple it would be with no taxes at all?

As a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free, when you apply for it.