You’re Paying for “Bidenomics”

The Climate Tax Draining Your Wallet [The Daily FWD] September 29, 2023 [UNSUBSCRIBE]( You’re Paying for “Bidenomics” Hi Reader, Happy Friday! Every week, our experts all get together to exchange ideas. And we also try to answer any questions you may have. Like this one from Mac who asked, “What is the way to protect retirement assets from tax increases including precious metals?” The best person to ask about retirement is our retirement expert Zach Scheidt. Here’s what he had to say… Revive Your Retirement Fund With Tax-Free Gains From Gold! [Zach Scheidt] ZACH SCHEIDT If you want your retirement account to invest in physical gold bars and coins, you can open what’s called a self-directed IRA. The rules are mostly the same as they are with regular IRAs. You fund them with pre-tax dollars, which can reduce your taxable income for the year. And any gains the account makes are tax-free, but any money you withdraw will be treated as taxable income. The biggest difference is that a self-directed IRA offers a much broader array of asset classes, including physical gold! Now, you can’t invest in just any bars or coins. They must meet a minimum fineness requirement of .995 and be produced by a national government mint or accredited manufacturer. The only exception are American Gold Eagle coins, which have a fineness of .9167 And you can’t stash your gold bullion under a mattress, in a home safe or a closet. All IRA-eligible gold coins and bars must be controlled solely by the IRA’s custodian and stored in an IRS-approved depository. You also can’t hand your custodian a stack of coins to put into your IRA. All purchases must be made from your IRA. You tell your custodian what you want to buy, who you want to buy it from and where you want the gold stored. In most cases, selling works the same way. You arrange the sale and tell your custodian to execute it. Any profits must be deposited back into your IRA. Of course, that all changes when you reach retirement age. You may need to sell some of your gold holdings for cash — especially if you have required minimum distributions (RMDs). Remember, the cash you take out will be taxed as income. If you want to avoid paying taxes, you can look into opening a self-directed Roth instead. That’s right — you can open a self-directed Roth IRA! All the regular Roth rules apply, of course, including the income restrictions for funding a Roth directly. But you also have the option of converting funds from a traditional IRA to a Roth. So overall… if you want to invest directly in gold bars and coins, you can open a self-directed IRA. And if you don’t want to pay taxes on your golden gains, you can look into opening or converting into a self-directed Roth IRA. If you’d like to learn more about opening a self-directed IRA for gold, our friends at Hard Asset Alliance can help. Just [click here]( to learn how to open an obligation-free account. Myself and everyone here at the Daily FWD consider gold to be the ultimate money. And Jim Rickards wants to send you an alternative to regular gold… called the Goldback. It’s a thinly printed sheet of REAL gold, wrapped in a nearly indestructible polymer. As we speak, it's being used as an alternative currency across the U.S., minting in places like Utah, New Hampshire and Nevada… And since they first started being made in 2019, they’ve increased in value at TWICE the rate of the spot price of gold. [>> Click Here to Claim Yours <<]( [Zach Scheidt] Zach Scheidt Another question came from Wendle who asked, “Is Bidenomics-inflation caused by Carbon Taxes? We know when the fake government taxes corporations then those corporations have to raise their sell price to the consumers to cover their additional cost.” While we can’t know for sure if carbon taxes are hitting American pockets just yet… to get a little insight, all you have to do is look to our neighbors to the north — Canada. A federal carbon tax is already a reality in Trudeau’s Canada, and it’s causing the price of food and other goods and services to soar. But Canadians haven’t seen anything yet… the federal carbon tax will triple by 2030. Economists say that, “The best estimates we have show very clearly that carbon taxes do increase food prices.” Mainstream media, central bankers, and their political allies are working overtime to convince the commoners to pay for their alleged climate sins. While we pay more, the “carbon credits” program was put in place as government-issued permits that grant *certain* corporations the privilege to emit a certain amount of carbon dioxide. Although advocates promote them as a way to “save the environment,” in reality, carbon credits are nothing more than a devious mechanism to tax, regulate and control you. It’s not a coincidence that the most philosophically and ethically bent people are promoting them. They debase our currencies and once they faced that financial problem (of their own making)… they need new ways to harvest your wealth. So while corporations get credit and can weasel their way out of these extra costs, they want you to pay a carbon tax every time that you turn your heater on. It should be criminal. How is anyone supposed to “make it” in America today when you’re getting hit at every turn? Grocery bills… electric bills… gas bills… And Biden has only sped up inflation with his hairbrained policies — adding to your mounting financial stress. You need consistent methods to generate additional cashflow. So I’m going to show you the income strategy that may be the only way for you to fight back against Joe Biden’s economic destruction… [>>Click Here Now to Learn More<<]( Thanks for the question! Now, let’s get into what our editors were looking at… [Click here to learn more]( Sean Ring: Goldman Embraces Fossil Fuels As the ESG scam continues to reveal itself before our very eyes, Goldman Sachs — with its earnings closely under the microscope after last quarter — isn't waiting to pull the ripcord and step away from the trend. David Solomon, the CEO of Goldman Sachs Group Inc., has stood firm in his support for maintaining relationships with fossil fuel companies. “Traditional energy companies are hugely important to the global economy,” he said, “they are hugely important to Goldman Sachs. We are all going to continue to finance traditional companies for a long time." Doesn’t seem like things are panning out for the greenies… despite their attempts to strongarm. [⇒ Read More Here]( Recommended Reads: [Biden’s WAR on The Middle Class…]( No president has sabotaged America’s hardest workers like Joe Biden has. That’s why I’m urging you to [watch this urgent presentation](. Because Jim Rickards’ legendary financial contact – who he calls ‘The Banker’ – may be the only man who can solve this American Income Crisis. [Click HERE to learn how 'The Banker' made]( in 4 days… $10,617 in 6 days… and $13,203 in 2 days](. [⇒ See More Here]( [Click here to learn more]( James Altucher: China’s Choice: Economy or Taiwan GOP lawmakers lashed out at the Biden administration over the Huawei chip for failing to close well-known export loopholes. But how officials will respond is not clear. If U.S. export controls continue to falter, Beijing may feel less urgency to invade Taiwan at a massive economic cost. China already faces an economic reckoning and subdued growth for its long overreliance on property development and infrastructure projects. But economic concerns may not be the deciding factor. [⇒ Read More Here]( [Click here to learn more]( Alan Knuckman: All Eyes on This Neglected Asset This neglected asset could be the untold safe-haven investors are looking for… It’s the new anti-fragile asset class, it's the new thing that actually diversifies your portfolio. Meanwhile nobody owns it, because it's a very small part of benchmarks because of ESG constraints because of a terrible decade between 2013 and 2021, lots of reason to not own it… but the potential is hard to ignore. [⇒ Read More Here]( That’s all for today. We’ll be back on Monday with more of our top articles. Enjoy your weekend! Looking forward to your financial future, [The Daily FWD] The Daily FWD [feedback@paradigmpressgroup.com](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) Recommended Reads: [If Biden Comes for Your Cash – Do THIS!]( [Click here to learn more]( In a despicable, under-the-radar move… The government could soon force you to adopt a new “trackable” version of the U.S. dollar… One that eliminates cash… And gives them the power to legally “TURN OFF” your money… Whenever they feel like it… And with ZERO warning! Thankfully, there are 4 easy-to-follow steps you can take RIGHT NOW to protect yourself… And even potentially GROW your wealth no matter what the government does. [⇒ Click here NOW to learn more about these 4 critical steps while you still can](. [Paradigm]( ☰ ⊗ [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. 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