How to Win the War on Cash
What was the last thing you bought? A stick of gum at the convenience store? A meal out at your favourite steakhouse? A new vacuum cleaner from the department store? A new car?
And how did you pay for that purchase? If you're like the majority of people, chances are you paid for it with a card or some form of electronic payment. Consumer card transactions surpassed cash payments for the first time in 2016 and—now that Apple Pay, Venmo and other forms of electronic payment are being used in more and more places—cashless transactions are only becoming more and more common.
It's not hard to understand why. Cards and e-payments are convenient, easy to use, relatively quick, and—according to a concerted propaganda campaign that's been underway for years now—a lot cleaner than that filthy, grubby, virus-laden cash.
If cash seems outdated and unnecessary to you, then you're in luck! The governments in country after country around the world agree with you. In fact, they're gradually removing cash from circulation and even outlawing certain types of cash transactions.
Learn all about the authoritarians' push to eliminate cash and what you can do about it in this week's edition of The Corbett Report Subscriber, where James explores the unlikely connections between seemingly far-flung parts of the globalist agenda. Also, look inside for the special Christmas discount code that allows you to receive 50% off Corbett Report DVDs at the new New World Next Week shop.
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Negative Interest Rates – this is worth a listen for those interested in the topic – the major distinction being REAL INTEREST rates – that this the rate of interest minus the rate of inflation.
From IMF insider Carmen Rienhart
Interview
https://mcalvanyweeklycommentary.com/carmenreinhart/
Research paper
https://www.imf.org/en/Publications/WP/Issues/2016/12/31/The-Liquidation-of-Government-Debt-42610
Lays out the plan for getting rid of the huge debts that have accumulated.
Well, I do use cash for nearly all of my transactions because I don’t want to be tracked. Just this past August I went on a 6500 mile trip and spent about $1700 in cash. Even so, using cash is not good enough. The world Bankers create unlimited amounts of digital Federal Reserve Notes that are essentially equal to their paper “cash”.
My preferred money would be Silver Coins. Any United States Treasury Silver Coin minted 1964 or earlier is 90% Silver and $1.40 in these coins is equal to a Troy Oz of Silver (with the exception of Silver Dollars). Silver Dollars weigh 6.9% more than what a Dollar’s worth of Quarters and Dimes would add up to because of some crafty shit that happened just after the Civil War when British Bankers managed to demonetize Silver. They had the Gold and by demonetizing Silver in the United States they created a bigger recession than The Great Recession. I’ve got a book on it.
Everybody’s heard of “A Tale of Two Cities” by Charles Dickens (It was the best of times, it was the worst of times,…), well “A Tale of Two Nations”, by W.H. Harvey is even better. It was published in 1894 by Coin Publishing Company out of Chicago and it explains how British Bankers manipulated American Politics to demonetize Silver 25 years prior to it being published. I find it interesting that “A Tale of Two Cities” was written about 25 years after the French Revolution. Both books have a way of making you feel like you were there at the time of these historical times in humanity.
I think you need to read the book in order to get a feel for how important Silver was to the working man and what a catastrophic blow it was when it got demonetized. Indeed, it was so bad that they had to re-monetize it, but when they did, they short changed the fractional Coins (Quarters and Dimes). The lesson from the book would be that the evil world Bankers have been trying to enslave man since before there was a Union of States, and they do it by controlling what is used as money.
Anyway, I see Silver being used as money being the way out of this mess.
The trouble with silver, or any of the precious metals, is that real-world, in-your-hand silver is pegged to the FAKE silver “market price” that is heavily manipulated by our “friends” within the Wall Street Casino.
Those who hold silver in hand, especially dealers, are very much aware of this, which is why the premiums above spot price are so ungodly high. However, good luck ever getting the real-world value for tangible silver. And most people are so ignorant in modern America that they don’t understand the difference between a beautiful 90% piece versus the almost-worthless nickel-copper concoctions from more recent years. Try to convince them a 1963 quarter is worth more to them than 25 cents, and they’ll get angry. IIRC, it was Mark Dice who videoed trying to sell a gold coin for the much-lower-than-actual value face value, and people were like, “nah, you’re trying to rip me off.”
I expect the Wall Street Casino and collaborators around the world will crash both gold and silver “market prices” when the late-stage economic aspects of The Great Reset are implemented. The lie will continue to be accepted, even when COMEX can’t (won’t) deliver actual metal when an investor demands they honor the erroneously-believed terms of their paper/electronic contracts (“legal tender” will be substituted per the fine print).
I’m not suggesting those with available “Federal” Reserve Notes (or equivalent government funny-money in your area) shouldn’t buy precious metals, but one must be fully-cognizant of the limitations.
Yeah, Mark Dice, back in 2012:
https://www.youtube.com/watch?v=ndshbH3qZ6Y
Relating to the Mark Dice “Youtube” video;
I would have to say that he is clearly a guy with an agenda to turn you against your fellow man (make you think everybody is stupid). If he were to have walked up to me, being followed by his cameraman, I would have assumed that he was a scammer and done my best to get away from him.
The fist question I would be asking myself is why is this guy lying to me about needing cash for his coin, then why doesn’t he cash it in at the Coin Dealer himself? Is the Coin fake? Did he steal it? Is he going to sucker me into some other scam? Do I want to spend my time trying to find out what his agenda is?
I don’t doubt that most people have little idea of the value of Gold and Silver as money, but that can change overnight as paper becomes useless. There are many examples of paper money losing it’s value throughout history and Coin money coming back into use.
The fact that there is a widening gap in the Spot Price (paper price) of Gold and Silver and the Physical(hold in your hand) price is an indication that people are beginning to realize that paper money is being scammed. Paper Gold is reported to be over sold by 100 fold, and Silver paper by 250 fold.
Digital currency, (which is over 90% of Federal Reserve Notes) can disappear from your Bank Account without notice. At least worthless paper could be burned (as they did in Germany after the 1923 crash). It would appear that we are looking at something similar happening in the United States exactly 100 years later, and since this is the “World Reserve Currency”, this crash will be felt around the world.
If I were among the money Oligarchs, I would be looking for new ways to control the masses before things get out of hand. (think “French Revolution”).
I would say that Silver is a screaming deal right now, but you want hold in your hand Silver, not paper that 250 other people lay claim to.
TruthSeeker says:
“I would have to say that he is clearly a guy with an agenda to turn you against your fellow man (make you think everybody is stupid).”
Oh, man, come on, that’s hilarious!
125 years of recent history has demonstrated that “my fellow man” IS, far more often than not, abjectly stupid. USS Maine, the “Federal” Reserve Act, the Lusitania, the “unprovoked” “surprise” attack on Pearl Harbor, soap, lampshades, and wooden door “gas chambers,” USS Pueblo, the “lone gunman” of JFK’s final day, the Gulf of Tonkin, “baby incubators” in Kuwait, 9/11, “quantities of uranium from Africa…”
This modern world is built upon bold, endless lies, and the majority have swallowed each & every one of them.
And, if that evidence is not sufficient, Pfizer and the best “health authorities” money can buy have conclusively demonstrated the utter stupidity of most humans, at least in “the West,” in the preceding 12 months.
Jewish nationalists have been right: we Goyim are merely cattle, for the greater part. Human in form, but seemingly incapable of thinking independently apart from “trusted authorities” telling us what “reality” is, on paper, on TV, and now, online.
As for how people reacted to Dice’s scenario, I imagine myself in the situation. I’m an extreme cynic, but nonetheless I’d have called his bluff, or, made off with a huge profit. Few scammers will try to con someone on overt camera, so I would have accepted his suggested to go into Encinitas Coin and told him upon their concurrence the coin was genuine, I’d gladly give him $50 (or whatever lower amount he might have offered me). Considering I’m one of the small minority of Americans who has actually held a one Troy ounce gold coin in my hand, I really wouldn’t have needed the coin shop to certify it for me – I won’t be fooled by painted/plated tungsten.
I don’t hate “my fellow man,” but I fully recognize his serious and often fatal shortcomings. In fact, I’m here because I still believe in “being my brother’s keeper,” that is, working on behalf of their best interests even when they call me a “kook” or “conspiracy theorist.”
I’ll leave everyone with these two insights from men more brilliant than I:
“Those who can make you believe absurdities, can make you commit atrocities.”*
― Voltaire
“Democracy is the theory that the common people know what they want, and deserve to get it good and hard.”
H. L. Mencken
* and Voltaire has been demonstrated correct – COVID-19(84) is based on obscene absurdities, and the atrocities are currently underway, from injecting little kids with the death juices to many cheering for concentration camps for “the unvaxxed.”
African uranium? I missed that psyop, what was that about?
Casus Belli of Gulf War II:
https://www.youtube.com/watch?v=LvvXnVyJ8lA
Backgrounder article:
https://spyscape.com/article/saddam-husseins-fake-uranium
I watched the following movie for free on YouTube not long ago.
It was released in 2010 and starred Naomi Watts and Sean Penn.
At the end of the film, the real life characters portrayed in the film moved to Sante Fe, New Mexico. (James Evan Pilato lives there.)
Fair Game (2010) Official Trailer
(uploaded 2010)
https://youtu.be/4SLn4a5W3lY
A suspense-filled glimpse into the dark corridors of political power, FAIR GAME is a riveting action-thriller based on the autobiography of real-life undercover CIA operative VALERIE PLAME (Naomi Watts), whose career was destroyed and marriage strained to its limits when her covert identity was exposed by a politically motivated press leak.
As a covert officer in the CIA’s Counter-Proliferation Division, Valerie leads an investigation into the existence of weapons of mass destruction in Iraq. Valerie’s husband, diplomat JOE WILSON (Sean Penn), is drawn into the investigation to substantiate an alleged sale of enriched uranium from Niger. But when the administration ignores his findings and uses the issue to support the call to war, Joe writes a New York Times editorial outlining his conclusions and ignites a firestorm of controversy.
you nailed it… thanks
Today I was at Healdsburg Liquor buying my beer. The Mexican at the counter in front of me had used a $100 bill to pay for his four pack of tall boy Modena beers. The Indian (from India) who owns the store spent 5 minutes finding the cash in his wallet to make change.
I always pay with a credit card at the liquor store, but I tip people with cash.
If you are going to use cash only, remember to bring small bills.
Healdsburg, CA? If so, hiya neighbor! I’m one county up.
Hi neighbor. I have a good friend who lives in Ukiah. Healdsburg has sold its soul to the tourist dollar. Very sad. The drive from Hburg to Mendocino on the coast on the narrow highway 128 is one of the prettiest on earth. So much diversity.
In Ireland I also used small denominations in the small towns of County Cork. The businesses do not have a lot of cash on hand.
Yes, Highway 128 is an awesome drive. I used to take it over to the coast for business routinely.
I remember Healdsburg in the 1990s, but the money-chasing rot was underway then. Nowhere near as bad, of course.
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.”
Revelation 13:17
Early on into COVID-19(84), many stores that remained open asked people to pay with cards both due to potential virus transmission, but also due to an alleged “national coin shortage.”
That apparent, synthetic “coin shortage” persists today. The local Walmart has a sign up asking for card usage over cash due to that supposed “coin shortage.” The local Chipotle had a similar sign up, asking for cards or exact change cash. It has now morphed into a new one: “Cards Only.” Both cite(d) the supposed “coin shortage.”
Control of your money will be TOTAL control of you. The banksters have even concocted “restricted money,” such as government benefits, that will allow purchases of pre-approved items, within a specific time window. Don’t use it in time? Too bad, so sad, no more “money.”
Yes, use cash whenever possible. Patronize businesses that still love cash (many Asian restaurants in my area, for example). Practice barter when you can.
I’ve quit accepting coins as change at least a year ago. I tell the shopkeeper to keep the worthless bits of pop metal. They smile and say, “Thanks.”
The effort at organizing/managing loose change is not worth the payout for most now. Still good for kids, but even then, you can barely buy anything for a $1.00. Even at “dollar” stores which are now $1.25 stores.
I always carry change (Nickle plated copper, or Copper plated Zinc) in my pocket so that I can come up with the exact amount. I am more than happen to provide them with change.
It should be interesting to note that even the token Coins should be worth more than the Digital Money, or Paper Money, should people come to see the Bankers World Wide Money Scam for what it is. Thus, anyone attempting to expose this Monetary scam is a Treat to National Security (World Bankers Rein over the masses) and must be dealt with accordingly.
It all boils down to an honest means of exchange. (You trade your skill for something you need). Gold and Silver, or even Paper that was honestly backed by, and easily converted into, Gold or Silver was honest money until the World Banksters found a way to “F” it up. By killing JFK and creating a Monetary Coup in 1963, the Banksters and their collaborators, were able to replace honest Silver Coins with Nickle plated tokens. It was only a matter of time (August 15th, 1971) that Federal Reserve Notes (which replaced the United States Dollar as Legal tender) would be totally disconnected from real money. From that time forward the Banksters at the Federal Reserve did not even have to pretend that Gold or Silver existed to back what they created as money. From that time the Baskster create money at will and without limits to control the masses
Definitely, base metal rounds (“coins”) are worth much more than electronic digits.
People can easily look at inflation charts over the last century, and see the key points that led to ever-decreasing “value” of their “money.” How many do? Few of us.
Spotted this today which seems to track your whereabouts using your card transactions. They say it’s ‘opt in’, if you believe them, and for how long?
https://www.adatree.com.au/adatreenews/launch-covid-hotspot-alert
“This month, Adatree has launched an innovative new service called COVID Hotspot Alert to help keep Australians safe during the pandemic and give them greater peace of mind by leveraging a user’s card purchase data.
COVID Hotspot Alert works by matching customer spend data and COVID exposure site data to notify users who have transacted at a venue of concern. It sends registered users who made a card purchase at a hotspot venue or suburb a text message alerting them of their exposure within minutes of the Government announcing it. It acts like your personal contact tracer. “
Why would you just use cash on Fridays? If you believe in this why would you not always use cash? It’s not hard, it’s still legal tender, it’s how us oldies paid for stuff most of our lives, right?
I’m still interested to hear people’s views on bitcoin vs CBDCs.
Both are limited to a certain ckass of citizen. Not everyone owns a computer in this world. As surprising as it may be for some citizens of the cities. Bitcoin,as cool and trendy and freedom fighter as it may sound, carries seggregation and inequality in its core. All digital currencies are created in the unreal digital surveilling world and we sometimes forget that there is life outside that modern plato’s cave. There is another reality outside the tech cities and the internet. The food on your plate, the clothes on your skin and every other thing you buy in a city that imports everything, comes from many others who live a reality completely different to yours.a more independent one in some ways. Digital “solutions” may help some people in some way but they arent worth the hype nor the dogmatic approach they are usually accompanied with.
Tell that to the El Salvadoreans who can now save huge percentages on remittances sent home – using mobile phones, not computers or bank accounts. Or to the members of populations like Venezuela or Zimbabwe who have seen their currencies hyperinflate causing poverty. Your perception may be that it is just ‘new and trendy’, but there is a lot more to learn. It’s not about cities versus rural. Indeed you are commenting on a thread on the internet I notice, even if you are a rural producer, as indeed am I. There was a time when the internet was considered ‘new and trendy’. I could also make the assumption that you are in the USA, which is a large country where land is relatively cheap. If you live on a small island, such as the UK, many many people have no option but to live in cities since only the super-rich can afford land. People who have the luxury of ‘choosing chickens’, to cite Corbett’s Solutions Watch, have already made it. Those points aside, the key thing about bitcoin is that the supply is fixed. The entire problem we are facing at the moment, with this descent into tyranny, is because the fiat monetary system is collapsing, as a result of money printing. The super rich parasite class exists as a result of the manipulable fiat monetary system. Once this system comes to an end it WILL be replaced with either CBDCs or a bitcoin standard. The digital world is not going to just go away. Many believe bitcoin will win. Francis Suarez, the Mayor of Miami, of communist Cuba origin, and possibly the next President, believes bitcoin will bring down global ‘communism’. When you examine the implications of the world changing to a bitcoin standard, it is incredibly far reaching, and changes all the incentive models, with implications for matters such as war and peace, and short versus long-term time preferences. I’m a producer and manual labourer, I’m pretty old fashioned and also pretty old, but I’ve taken the time to learn as much as I can about bitcoin, and I’d recommend it not be dismissed so glibly.
The hosts are pretty annoying but this guy Jason Lowery from Space Force brings out some incredibly interesting concepts about the implications for a world where bitcoin operates essentially as a weapons system to defend monetary property using electric energy to project power, instead of kinetic energy (military, guns, bombs etc) as currently exists.
https://www.youtube.com/watch?v=Amcj-IKmGKA
Sorry it’s YT
Michael Saylor has been explaining the concepts around bitcoin and the problems it solves extremely well for over a year now and has played a big part in starting the institutional adoption of it.
https://www.youtube.com/watch?v=6sPR0O7issU
Sorry about the YT
Well, those salvadoreans could have not need to go outside their countries in the first place. Many people are disguised by the american dream, americans included. So in the first place the problem should not exist, that is why bitcoin perhaps can be a solution.but only to feed the problem in itselft and not to get rid of it. Create the problem and then create the solution is the everyday tactic of the oligarcs. Over inflation is also caused by external pressures in the countries. Not to mention that if you watch the documentary that corbett did on the federal reserve perhaps you can also conclude that inflation in itself is created, since money is not backed up by anything. Therefore, it is a direct attack to the population. The problem with bitcoin is that it is not free of very easy and simple attacks. If the government wants to mess up with you it can also do it by messing up with your ability to acces to internet to transact bitcoins.or perhaps turn of the electricity long enough to not let you use it. Just to put some random examples. On the other hand, voluntarism, and community sharing is a more simple and way more effective way of interacting that does not require any learning,just trust. and trust me,all around the world this already happens
Where I live,I have seen it countless of times and in many different places.I recently moved into a village that holds this mentality, and life has never been better than this. We must open our minds and seek what fills our hearts with joy. And this usually, in my experience, is found in seeing others with equality and sharing with them honest and true relationships. Of course this requires every one of us to be honest and true to ourselves first.
Dont want to discredit your idea completely, just saying that there are many other things that perhaps would be better or just as important to look at.
Preob
A huge chunk of 3rd world people have phones now….I expect a charity drive to put smart phones in poor peoples hand because it’s the easiest way to track and control them
You too are communicating with digital communications. Why don’t you throw your computer or phone away if it does you no good?
Well. Its like saying. If you know money enslaves you why you use it. Most people here, we are already so inmersed in the system that just cutting it down is not only difficult but also represents a challange that none of us has been prepared to deal with.
I personally only use a comouter to check every now and then on information that could be relevant for my own liberation. Its a very very low usage. But it has definately been a challange. Its an adiction and requires love and discipline to overcome it. If we go around pointing fingers at others we will not ripple the growth it is needed to change ourselves and the society
Indeed. People in then non highly globalized areas are way more free and independent than the so called first world. So the huge campaing to make them all have phones is clearly a control issue. In Guatemala, were I live, there are 2.4 times more phones than people in the country. Its a ridiculous number. But more and more childrens learn to watch tv and nonsense on their smartphones when before they would be completely capable of gathering wood, planting and living like free anarchist and being almost self sufficient by default. Children. Imagine this. i have seen it over and over with my own eyes how the generations are being destroyed by this technology that pomises progress and only brings alienization like it happens in the “developed” countries
Some Americans are quite ingenious when it comes to finding ways to overcome financial adversities. One example of many that I have observed over the last decade, is” flipping”,or buying and selling of used cars and trucks. Although this has always been a common practice , the “pandemic” has created the urgent need for many to raise cash beyond their usual means, and these transactions usually involve cash. The price for used cars has blown out of proportion in the last two years and what used to be a simple procedure has become very difficult to accomplish. How much more so if cash is removed from the equation. Cash is very detrimental to the plans of those who want to control and tax every financial transaction of the common man, the ones who fill the trough the government feeds from. During the Obama era, “cash for clunkers” was a program initiated to remove used cars from the marketplace by offering a high cash incentive to trade in used cars towards buying a new car. The used cars were then supposed to be destroyed. People should be very suspicious when their government implements any process that limits the public’s ability to accumulate money by other than taxable and traceable means.
There is just one valid solution to getting off the FED notes. And it ain’t using cash.
https://www.corbettreport.com/?s=grignon
Thanks for the reference, listening now
Perhaps it would be fair to mention Canada’s globalist Prime Minister cancelling the $1000 dollar bill in the middle of this “covid pandemic” while all the mainstream media was engaging in was the covid terror campaign.
Not only did the PM cancel the $1000 bill, he in fact made it law to now cancel any denomination of currency, whenever any PM sees fit to do so. No doubt the $100 bill will be next, because hey, “only criminals use $100 bills”
Of course Canada has already created its central bank digital currency, it is just waiting for the globalist cabal to give the signal to bring it into existence.
One of the main reasons for “sovereign countries” bringing in CBDC’s is politicians absolute failure at managing debt. Politicians and their globalist masters think their astonishing incompetence will be negated if they can digitally steal more money from hard working people like us.
https://endpoliticians.com/2021/06/24/government-bondage-at-the-end-of-the-government-bond-age/
Somewhat related to Corbett’s article: “How to Win the War on Cash”…
Dec 13th / 14th – NextShark.com
Australian man claiming to be Japanese Bitcoin inventor wins $27 billion court case
[Videos and Graphic in article.]
https://nextshark.com/bitcoin-creator-satoshi-nakamoto-dispute/
[Excerpts won’t relay the concepts in the article. You will have to look-see. Plus, I’m lazy today.]
make your own cash….
get some old sterling scrap, melt and poor into water take those little pellets and flatten, weigh the pellet with those small scales, imprint the grams weight with cheap tools and spend; people will catch on .
Simple testing solution can be purchased or self prepared to ensure silver content with little effort
watch YT “sreetip” and you get the idea
at the moment 1 gr silver costs around $ 1 +-
Just heard that in my home country Armenia, the government implemented a new regulation, which states that businesses should do all their transactions cashless as of the first of January. This is a country where probably 80% of the population doesn’t even have a bank account or doesn’t use it. This information is spreading just before the end of the year. I guess the government was promised some kind of aid or funding if they take this step.
Also someone mentioned that it’s still legal to use cash, but here in the Netherlands cash payments above 3000euros will become illegal soon. It is not certain when this law will be implemented, but it’s just a matter of time.
Interesting. Edo, Thanks for the brief.
Mf Alpen-yodelers are totally nuts, they would like to fine/imprison un-jabbed people.
https://www.euractiv.com/section/politics/short_news/austria-considers-e7200-fine-for-unvaccinated/
A PROPOSITION
I’m proposing a new law that would target people who don’t have at least two children and tax them badly.
Namely, with their unscrupulous behavior they are contributing to degradation of tax base, consequently putting in jeopardy material base of our societies. New law would be applicable to all persons above 21 years, in case of university students 24. Gays and lesbians will not be exception. Only people with scientifically proven infertility could apply for exception, applications will be scrutinized by tax authorities. In case of self-injuries subjects are facing 15 years jail.
Mistake, delete last two sentences above.
Adoption is possible solution for anyone.
I’ve recently taken the war with cash a different direction. I have been trying to come up with a low tech way to get a message in people’s hands. Social media is a waste, and will always be on their control. I came up with this … using an image readily available at Amazon’s website of a fake $100 bill, I reproduced it approx. real size several times on one side of 8.5 X 11 paper, on the flip side I wrote “YOU HAVE BEEN FOOLED / IT NEVER WAS ABOUT YOUR HEALTH / IT WAS ALWAYS ABOUT / GETTING YOU TO AGREE / TO A SYSTEM OF CONTROL”. I cut these out and folded them up with the Franklin face out. Have them in my pocket and drop and place them in stores, sidewalks, etc.
the Amazon link
https://www.amazon.com/100-Enlarged-Oversized-Replica-Money-One-White-Single/dp/B008D3DY7W
Cool, clever marketing in the InfoWar!
Thanks HRS! Everybody can do something similar. Pretty easy and effective. Color copy is ideal, but black and white should work fine. Put whatever message you want on the flip side. Basically, if it looks like a folded up bill almost everybody is going to pick it up. Might toss it away, but then somebody else may be fooled too. BTW most libraries I think are offering free printing these days. Just sayin’
this year i posted on the neighbor app Nextdoor about having landscaping skills and looking for work. i included my number in the post.
a neighbor reached out and i began to work for her for cash and did so for months.
she works for a construction company and i have been able to transfer to that job now that winter is here. i unfortunately think i have to do my own taxes for the construction job and i REALLY do not want to partake in that WHAtSOEVER.
if anyone has any suggestions on the best ways to slide under the radar or any sort of advice i would very much appreciate it
Nick,
If you are in the states, here are just a few ideas…
For the job, from your employer on your W-2 form write “Exempt”. Don’t put a number of dependents. Just EXEMPT. Sometimes HR will give ya a little grief, but explain that you will not owe any income taxes for the year, because of your financial situation and “loss deductions” for when you file. HR cannot ask what your losses were.
[I’ve had losses carry over for many years.]
This is legal and above board.
I’ve done it many times.
If you have already filled the W-2 out with a number, ask for a redo.
The minimum income amount depends on your filing status and age. In 2021, for example, the minimum for single filing status if under age 65 is $12,550. If your income is below that threshold, you generally do not need to file a federal tax return.
Married filing jointly: $25,100 if both spouses under age 65.
If on your job, they show that you made more than $12,550 your tax rate will be very, very low (12%) until you hit $40,525 when it becomes 22% for single filers. (Sometimes it tiers up on a gradient.) If you make over $12,550 for a calendar year, then you may want to file. Your employer sends all records to the guberment. The guberment will know that you did not file.
That said, there are many illegal aliens who do not file a return in order to retrieve their refund, but they do not write “exempt” on their W-2. They just don’t want to call attention to a fake SS#.
Your employer will take out Social Security and Medicare taxes which is unavoidable. Social Security has a track record of all your past years of income. When you get to my age, they send you the printout.
Hope this helps.
I have had lots of experience…being audited, serving on a Federal Grand Jury tax case(s) as Deputy Foreman and more.
https://www.corbettreport.com/interview-1383-lawyers-petition-for-9-11-grand-jury/#comment-54521
All this said, a recent news article said something about Biden hiring more auditors for that agency.
I wouldn’t worry about it if you don’t have a paper or digital trail.
If you are good at what you do, are honest and hardworking. And most importantly respect the people that you work for and with. Then you just have to have the fortitude to stick to your principles of not being willing to be a slave and you will never have a shortage of people who are willing to pay for your time. You can’t be a regular “employee”. You need to work for someone who either shares your views or is desperate for help or else you need to work for yourself.
The right road is not usually the easiest one. But I believe, and am proof that God, the universe, choose a title, will provide if you are faithful to what you know is right.
If you want to scam the system then you simply have to tell your employer that you are going to file a 1099. And then never do.
(But you probably aught to listen to Home Remedy. Not me.)
I cherish the Steve Smith way. 😉
“License? I don’t need no stinking’ license.”
https://www.corbettreport.com/nwny2022/#comment-125413
[We remember that scene in the movie too. (badges)]
We don’t need no stinking badges!
(15 seconds)
https://youtu.be/VqomZQMZQCQ
Classic clip from “The Treasure of the Sierra Madre (1948)” with Humphrey Bogart.