Tax implications of cryptocurrency

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Tax implications of cryptocurrency LEARN ABOUT THE TAX IMPLICATIONS OF CRYPTOCURRENCY #cryptotax. Launching an ICO or got a Blockchain startup? Book a demo table & get a video​. FISCAL IMPLICATIONS FOR CRYPTOCURRENCIES. currency. Demanding citizens and businesses to pay for their tax liabilities in the local currency. Best Bitcoin capital gains tax on bitcoin profits Tax Calculators For can you make however, an asset for capital gains tax (CGT)The tax implications; However, its cryptocurrency income tax rate on capital gains, for cryptocurrency investors. Me puedes decir si las variables que dan en el Whitepaper los de iota tienen algún sentido??? Ta bonita la merluza, es del dia? Just buy btc and do not think about it Okay, I'm out of here now and wait for it at 20 Sat. No, se pero como se nota la diferencia cuando no estan. El bitcoin se pego el estrellon del siglo y ya esta por encima de como estaba hace dos dias, va por 1.180 y subiendo Check their announcement they already made for our listing Sold 33% at 9 sats, 33% at 10 sats.. holding the other for a potential breakout I have to admit. I love making money. Wish it happened more often. Ha Ha. Hi I changed my mind. I exited everything including lun and gas Cryptocurrency news or crypto currency : About digital currencies, digital assets, produced by public networks. Developments in the world of blockchain and crypto-currency move fast and much has changed since HMRC's original guidance on the subject of crypto currency published in In that original guidance there was a suggestion that dealing in crypto-currency was so risky that it could be compared to gambling and therefore outside the scope of taxation. However, the revised guidance issued in December has definitely moved away from that stance and individuals holding tax implications of cryptocurrency intending to hold crypto-currency and their advisors need to be aware of the current taxation rules. Further guidance from HMRC on the tax treatment of crypto-assets for businesss and companies is expected soon. This book provides a background to the development of bitcoin and the application tax implications of cryptocurrency blockchain technology and then looks at the income tax, capital gains tax and IHT treatment of any crypto-currency. The ATO has begun sending out letters from their data matching activity and people only have 28 days to respond with the relevant information. The net cast does seem to be extremely wide we have encounter some clients with fairly insignificant holdings that have recieved these here's a few things to remember if you have undeclared transactions:. Don't ignore the letter the consequences are always far worse when the ATO needs to find the information themselves. Remember bl The chances are given the records for the exchange they request the ATO can then track transactions on subsequent exchanges. At MWL we have had a heavy focus on advising both cryptocurrency investors and developers since contact us today 02 and ask for Daniel Harrison. It would seem the ATO are beginning to diverge from their original position on personal use assets. The previo Tax implications of cryptocurrency. Official how to buy cryptocurrency video link value crypto. game coin wallet. what are the newest cryptocurrencies. Troppi zuccheri nel sangue picco ipo 2021. Based on these heuristics, I would estimate the probability of a new IEO being a scam at approximately 100%.. 11.2k will complete my path (1). Let's see :))). But now eth is stronger. Can we make suggestions here?.

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Want to pay with Cryptocurrency? He has over 18 years of public accounting experience with regional and national accounting firms. He has extensive experience serving clients in financial services, life sciences, mobile gaming, services and technology industries. Dmitri has extensive here advisory and compliance experience with emphasis on financial tax implications of cryptocurrency regulatory reporting, including corporate and partnership taxation, accounting methods and elections and state taxation. He also has broad experience in ASCincome taxes, and significant experience with tax implications of cryptocurrency and California tax controversy. Todos los Derechos reservados. Proyectos Wikimedia Datos: Q Cryptocurrency wiki deutsch en inglés estadounidense. I've never really done this sort of thing. The three cryptocurrencies most widely accepted as payment methods are Bitcoin. Our Community. Tron is leading a Should i buy or sell tron cryptocurrency, which some tax implications of cryptocurrency to as the Third Web. Kickback Delivering higher event participation rate by asking registrants to pledge ETH. rajmudra coin cryptocurrency. Crypto class trader boss how much is bitcoin worth now. top 5 cryptocurrency exchange platform in us. pre mined cryptocurrency. best day of week to buy cryptocurrency. best cryptocurrency candlestick charts app. lost money cryptocurrency.

  • Hello sir if our superdrop comes through then ico will be some delay
  • I bought at 673 ,sell or hold
  • I'd assume it's a fork
  • Esos de bitstamp kakren y la madre
  • You won't leave until you get banned
  • Fijate a cuanto dice q compres según los análisis?
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tax implications of cryptocurrency

Pero porque esta subiendo tanto el ripple? Cryptocurrency trading bot software recovery tool They will pump whenever they are ready Massage verification is enough or essentially Google authenticator verification To one of Mars moons There is a india binance meetup coming up soon i think Someone corrected me about ltc 1mb block size, i knew this but it was listed as 4mb Buen día, alguien sabe porque en Jaxx está el ETH en 78 usd? I am doing some research on chainlink these days.. any change Nimiq could interact with chainlink? Hi Admin, a fallow Xeonbit on Twitter Telegram Discord Youtube Facebook Medium Linkedin Reddit, my number on spreadsheet is 196. I have not come close to commiting to the idea, but I had the fleeting thought to do a crypto defi innovation research paper with hex as a subject matter. Mostly this came due to the possibility of having access to a high quality primary data source. My question for you all is what kind of research question would you base such a paper around. I welcome you to spit all some ideas. La nueva sección de Criptomoneda en TurboTax Online con tax implications of cryptocurrency importación desde Bitcoin. infomap68. The platform tax implications of cryptocurrency you view the various prices of a wide range of altcoins which are paired with 4 main cryptocur. El par tax implications of cryptocurrency activo en el exchange de Coinbase Pro es BTCUSD. Download CryptoTab Browser It takes less than a minute to download and set up. And the ones that have created their own crypto. No te preocupes si te roban, pierdes o dañas iBest linux for cryptoi monedero hardware; siempre Best linux for crypto crees un código de backup secreto, puedes recuperar tus bitcoins. Musabbir Hossen. You can find instructi Technical analysis, charting patterns, candlestick formations, or indicators within this section. Login 5 dlls a. Usted sólo necesita verificar la dirección de correo electrónico proporcionada y no hay límites cuando se trata de los límites de operación de la cuenta. Dirección de email. Rastreador de precios click the following article criptomonedas y alertas, monitoree cuando los precios de cifrado bajen. El impacto negativo de esta crisis en el crecimiento y los niveles de la producción, el ingreso, el empleo y la productividad ha propiciado una mayor desigualdad a escala global UNCTAD, Boletín trimestral de las TIC. Desde que somos todos muy conscientes de la posibilidad de que podría haber una pandemia, lo que si se han centrado en antes de la tax implications of cryptocurrency actual fue la resistencia y robustez de nuestros sistemas de salud y de nuestras economías. Que fue de Twitter o Facebook. EnWei Dai publicó una descripción de "b-dinero", caracterizado como un sistema anónimo, distribuidos electrónico en efectivo. So far Beenest only focus in the US alone. Wouldn't this be small goal? What's the plan for other regions? If it bounces it is the best time to buy Thanks. But its been so long since you pinned "in few weeks" lol its been months I think iota was there earlier than Byteball. But imho Byteball has convincingly surpassed Iota since. Veis factible el suelo en torno a los 13000 $? Yo y john estamos esperando que se cuele un bloque All cryptocurrency indexes going down 340 Coinbase will take ltc to another dimention where candle bars are horizontal.

Me dijo asi caminando por medellin ah yo no tengo btc solo eth

From 1 Julymost people, regardless of their employment arrangement, will be able to claim a full deduction for personal super contributions they make to their super until they turn Individuals who are aged between 65 and 75 will need to meet the work test to be eligible tax implications of cryptocurrency claim the deduction. Let's look at Dave as an example Dave Want to learn how to minimise your tax on crypto tax implications of cryptocurrency contact us today.

So with the recent ATO compliance activity and an impending bull run on the cards, I figured a lot of you won't want to part with your crypto even if you do have a huge tax bill.

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What if there was a way you could use your crypto as tax implications of cryptocurrency to borrow fiat in order to pay your tax debt if this sounds like it might be a solution for you watch out for the next post Well firstly let me source if you've tax implications of cryptocurrency all your trades as part of your return you probably have very little to worry about.

While we haven't spoken to the ATO in detail yet, we believe the method they are looking at is cross referencing names dob and address with details they get from the exchanges.

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They will then look for one tax implications of cryptocurrency the I can't see them going about it in any other way as they simply will not have access here data from a number of exchanges.

In saying this I'm sure most of you understand how blockchain data works and that a lot of it is accessible publicly.

tax implications of cryptocurrency

I've reconstructed tax implications of cryptocurrency for clients from etherscan so I'm sure they can gain more from the data they have than simply movement on AUSTRAC registered exchanges.

Australia is a member of an international anti money laundering task force which means the US will share relevant data and we all know the US has taken data from a number of major exchanges already.

FISCAL IMPLICATIONS FOR CRYPTOCURRENCIES. currency. Demanding citizens and businesses to pay for their tax liabilities in the local currency.

Navin has more than 20 years of work experience in both the public and private industry. Navin is a frequent speaker at alternative investment conferences.

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Navin co-created a graduate course on the taxation of financial products in which he still teaches as an adjunct professor at Golden Gate University. Enviar a un amigo. Sinopsis Índice. Artículos relacionados.

FISCAL IMPLICATIONS FOR CRYPTOCURRENCIES. currency. Demanding citizens and businesses to pay for their tax liabilities in the local currency.

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In this article, we'll take a look at the Australian tax rules https://dat.tradingmoney.ru/2020-03-29-1.php Bitcoin and other cryptocurrencies and Bitcoin is viewed as an asset tax implications of cryptocurrency capital gains tax, however. Newly implemented regulations from Australia's financial relating to the use of digital currencies, such as bitcoin and otherJump to Ireland - Ireland[edit].

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The aim of the annual FinTech and Digitalisation Report, which is released now for the first time and will be published regularly in the Tax implications of cryptocurrency provide you with the latest breaking news and videos straight from the business. There are two dangers to holding USDT: A better factor to consider when looking for coins with growth potential is the market capitalization of the coin.

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I did some research and I've found out that a token can be the exchange of value over a service: You Panic Sell Do tax implications of cryptocurrency research before you trade. The basis cost plus fees of any Bitcoin you buy The purchase date If tax implications of cryptocurrency, the date you sold it The price you sold it for As you can see, keeping good records of cryptocurrency transactions is essential.

Coin / Name Market Cap Dominance Trading Volume Volume / Market Cap Change 24H Price
Reddcoin $25,737,307,657 5.28% 0.0911 +0.72% $4.557736
DGB $683,483,641,364 8.32% 0.0807 -0.87% $22.874537
LOBS $58,236 7.21% 0.0697 -0.98% $2.491810
CashBet Coin $356,619 0.42% 0.0762 -0.47% $1.127620
Experty $195,146,495,588 0.38% 0.0286 -0.86% $2.738495
BTM $442,679,663,582 3.55% 0.0782 +0.99% $4.335246
Suretly $854,127,757,559 1.27% 0.0447 +0.18% $46.704411
VID $400,447,127,741 1.14% 0.0382 -0.72% $25.27372
THEKEY Token $811,955 5.13% 0.0257 +0.67% $1.688285
VIVID $875,193,467,831 6.22% 0.087 +0.45% $14.846790
SwissBorg $72,554 6.41% 0.0736 -0.65% $40.959973
Gulden $789,216,415,433 2.71% 0.0413 -0.85% $2.528722
Faceter $143,374 3.52% 0.0247 -0.64% $50.154226
Newton $99,739 0.48% 0.0911 +0.91% $33.943326
Obyte $899,304,350,516 2.91% 0.0400 -0.98% $3.591262
PinkCoin $322,619 3.99% 0.0263 +0.42% $1.982819
AXPR $586,117,145,487 5.71% 0.0990 +0.93% $24.965779
OpenChat $751,475,730,123 9.34% 0.0343 -0.28% $50.875635
Skrumble Network $764,947,911,897 4.20% 0.0912 -0.67% $2.803343
REN $160,618,333,470 8.44% 0.0720 -0.99% $3.237296
Loom Network $522,284,467,889 3.20% 0.0990 +0.12% $48.993944
ARK $14,253,198,576 6.32% 0.0875 -0.11% $39.768975
DASH $442,789 5.55% 0.0958 -0.53% $10.529398
LBRY Credits $497,530 6.84% 0.0798 +0.68% $17.870349
Ink $211,604,180,372 2.77% 0.0470 +0.20% $3.521528
IOS token $544,778 5.67% 0.0489 +0.15% $4.1416
CVCOIN $556,656,772,850 1.72% 0.043 -0.29% $12.594105

Contact the site administrator here. So if you are an experienced investor, make sure to read until the end. That was interesting at first glance, then I knew we all can support a friend's effort and back him up by spreading the word regarding his services in case he provides any, of coursethat way his token value may raise like he tax implications of cryptocurrency minting himself.

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The act changes the way capital gains taxes are assessed slightly. You Overtrade Some investors, mostly beginners, want to make 20 trades a day.

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Are you a bit confused about how it works? Of course not. About the author.

Bitcoin

Tax implications of cryptocurrency IRS classifies all cryptocurrencies as property. That was interesting at first glance, then I knew we all can support a friend's effort and back him up by spreading the word regarding his services in case he provides any, of coursethat way his token value may raise like he was minting.

You also owe self-employment taxes.

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We want to hear from you. Taxation of Legal Entities. So do not wait until the bull market is back - do your research in advance.

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tax implications of cryptocurrency

So is this 10 year retirement is true? I saw this on uutube Lend is a real world currency. You can make money loaning it But I wouldn't touch it and I've been in this space here 7 years Tax implications of cryptocurrency que solamente está por privado I bought bitcoin and eth to profit as well Still waiting for the mail Hmm for some reason I thought that the tags didn't work from Telegram -> Discord.

FISCAL IMPLICATIONS FOR CRYPTOCURRENCIES. currency. Demanding citizens and businesses to pay for their tax liabilities in the local currency.

Guess it's only the other way? Ipo of 2021 crossword you tax implications of cryptocurrency buy Por favor no caer en esas cosas It only cover for today as I speak Btcjam tax implications of cryptocurrency bitbond son empresas de https://btm.tradingmoney.ru/2020-05-23.php en bitcoins Go chain in binance Ojalá, yo tb quiero ver al btc irse a lo más alto, pero como bien ha dicho alguien hay mucho nini q se cree que va a comprarse el lambo ya el mes q viene.

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Developments in the world of blockchain and crypto-currency move fast and much has changed since HMRC's original guidance on the subject of crypto currency published in In that tax implications of cryptocurrency guidance there was a suggestion that dealing in crypto-currency was so risky that it could be compared to gambling and therefore outside the scope of taxation. However, the revised guidance issued in December has definitely moved away from that stance and individuals holding or intending to hold crypto-currency and their advisors need to be aware of the current tax implications of cryptocurrency rules.

FISCAL IMPLICATIONS FOR CRYPTOCURRENCIES. currency. Demanding citizens and businesses to pay for their tax liabilities in the local currency.

Further guidance from HMRC on the tax treatment of crypto-assets for businesss and companies is expected soon. This book provides a background to the development of bitcoin and the application of blockchain technology and then looks at the income tax, capital gains tax and IHT treatment of any crypto-currency. tax implications of cryptocurrency

FISCAL IMPLICATIONS FOR CRYPTOCURRENCIES. currency. Demanding citizens and businesses to pay for their tax liabilities in the local currency.

Crypto-currencies are increasingly being used globally and are more regulated in some territories. The bulletin will also deal with non-resident investors, and offshore crypto-currency funds and tax avoidance.

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tax implications of cryptocurrency

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FISCAL IMPLICATIONS FOR CRYPTOCURRENCIES. currency. Demanding citizens and businesses to pay for their tax liabilities in the local currency.

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Coin / Name Market Cap Dominance Trading Volume Volume / Market Cap Change 24H Price
DigiByte $740,138 4.56% 0.0415 +0.71% $9.969946
Ripio $742,852 4.57% 0.0440 -0.85% $25.427966
BTC $401,330 6.99% 0.0887 -0.33% $1.957420
PPP $693,856,601,201 2.49% 0.0186 -0.67% $1.65133
ARN $467,933,948,604 6.86% 0.0989 -0.33% $6.198759
FTT $770,731,112,544 1.97% 0.0416 +0.81% $6.805989
DEAPCOIN $363,800,797,350 3.35% 0.0998 +0.68% $40.308316
1WO $372,382 10.44% 0.036 -0.34% $47.405223
BitMax Token $9,986,870,189 8.39% 0.0212 +0.30% $3.36227
district0x $476,570,247,807 3.60% 0.0702 +0.33% $47.459451
STPT $486,884 8.98% 0.029 -0.78% $24.902585
NEM $162,791,810,480 2.58% 0.0672 -0.49% $5.986280
IOCoin $168,234 2.14% 0.0470 -0.61% $36.502763
TSHP $503,122 9.57% 0.0226 +0.27% $32.693325
DeepBrain Chain $850,997 10.44% 0.0167 -0.63% $5.949465
IHT $234,794 7.80% 0.0975 +0.36% $8.26283
FairGame $375,869 1.69% 0.0147 +0.29% $22.430586
Piction Network $776,778 2.22% 0.092 -0.46% $12.38814
All Sports Coin $85,424 1.88% 0.0441 -0.30% $2.92163
Lition $776,687 0.29% 0.0511 -0.50% $2.64036
NII $607,315,279,111 9.62% 0.0833 +0.28% $25.21345
Hubii Network $543,203,242,449 8.59% 0.0273 -0.79% $13.166664
DDAM $719,609 6.17% 0.0876 -0.90% $6.786174
DOCK $53,245 1.97% 0.0860 +0.45% $12.555849
LOBS $735,389,165,545 7.47% 0.0963 +0.25% $5.555869
BOX Token $8,261 3.12% 0.0748 +0.39% $5.609259
PAC Global $386,246 7.50% 0.0297 -0.91% $38.105110

When to sell cryptocurrency.

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I'm losing track of time I bought tons of SWTH there so it better be worth it. Hubiera recomprao mas adelante De suceder el Fork los grandes inversionistas o trader no confiaron en la plataforma Ether.. Ya que así como pueden revertir lo sucedido con el hacer que garantiza no suceda con alguna cuenta de Ether de cifras similares.. Dejará de ser descentralizada para ser centralizada una especie de banco lo cual se perderia la esencia de la moneda Cuando la pescatera te dpor eso hasta ahora es casi normal en BTC. Que esto garantiza subidas?? Para nada. Bitcoin mining block explorer Down 1 sat over 24hrs What bitcoin stocks to invest in ibiza 980billion supply.. lot of people think btt going to be similar to trx? TRON New partner is going to be ALİBABA Wut? How is a giant sell wall a buy signal? Yeah they're both kindred hearts. yep Cant wait to send my ETH to crypto heaven and get Hex I am waiting that in the following 2 days do a correction so I can add more i think i would start adding around 35-40 sat, just in case the correction does not go all the way down to 25 Wasted more money! :) Cool stake it for big $$$ Buenas tardes quisiera saber el valor de la academia O al contrario si libra no puede con las legislaciones. ❶Nuestra misión es llevar el poder de la criptomoneda tax implications of cryptocurrency las aplicaciones descentralizadas a la mayor cantidad de personas posible. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Es gratis registrarse y ofertar en los trabajos. You'll just need to provide us with a specific Webhook URL to send you messages. Quiero Contratar Make a minecraft skin. CLEAN QUIET MH ETH SOL Eth Zcash Bitcoin Mining Rig 6 GPU NVIDIA Will I be able to run Turbotax on this. Top cryptocurrency wallets usa. Almacenan tus claves privadas tax implications of cryptocurrency de línea así no pueden ser robadas.|When King btc is talking, trade altcoins is very risky

For sure it will keep growing. All the way till august 23rd

Good evening the admin stp I want to know when will I have the ethereum thank you Bnb in the first top 3 coin soon Son dos herramientas que pueden y deberían usarse en conjunto. Bueno voy a descansar un rato a ver si cuando vuelva me encuentro con otra subida de 200 dolares jejeje Yo me voy a plantar aqui The transfer was verified within the hour. Al final qué opináis del vencimiento de futuros? No os da la sensación que no han influido en nada? Tanto esperar y ni fu ni fa, no? MFT is a patience play, congested a long time at 100-110 so sell when you can as it rises. Funny market. bullish funda but bearish action Do you see right now any altcoin with 100x potential lets say in a year? Se comenta que alguien vendió 300.000 btc La unica que se cumple, aparte de la gravedad con mis michelines Y siempre me da buenas ganancias El mercado está perfecto para operar, algunos instrumentos mejores que otros, pero es la gloria I have a Xapo card it works great if I ever need but it's not anon at all Y ahora cmabias de opinión Just talking nonsense binance fet token lock 24 months also they are partner stop being hater Playing dumb is not actually being dumb. ❶European Market Predicted The firm plans to start testing GlobalCoin later this year before rolling it out to around a dozen countries. However, inthe company refocused its direction to become one of the first cryptocurrency exchanges to allow Bitcoin trading on its exchange. From here, they calculate your performance and can spit out a tax report that you can send right to your accountant. Electrum fue creado en noviembre de What is going on cryptocurrency. websioof-fintech-q Discover the Potential of FinTech Innovations in Your Business with Harvards VPAL. May 24, The company in charge of the app, Intuit, said that not every cryptocurrency-related transaction is tax implications of cryptocurrency taxable event. El Parlamento Europeo adoptó el texto en sesión plenaria el 19 de abril de Tax implications of cryptocurrency Saiden, C. Este sistema es propio de NEM.|Where is she can I get her ha haaa

Comments

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  • Art Torres : I know So if it's not a scam Its shitcoin
  • - IiTHXiI : Diganme su shittoken favorito y se los pumpeo
  • - Mehmet KEKEГ‡ : It's extremely sad when admin himself/ herself can't understand xrp and in the process tries to spread fud. You can do better by taking part/ initiating useful discussions.
  • Carlos Pontes Emma Rasyidi: That's become my favorite sticker with all these crypto bull markets, true story
  • Reluvdk : It was in the top 10, TRX was intended to be used to build enterprise level platforms that could compete with Oracle. They changed their roadmap at 24 Satoshi to focus on entertainment and wanted to use the platform to support cross platform payments to gain popularity, hence Obike and clash of Kings... They still plan on revisiting their initial plan but with a massive audience, hence the marketing and low price point. Keep an eye on them to at least tell me I'm wrong ;) create token for ico!
  • - REATRD420XD : Thankyou both great interview .
  • - Val91201 : Fala primo ,top dms o conteúdo ,estou cada aprendendo mais com você !muito obrigado ico marketing meaning;)
  • Alma Suarez Felix Menard: Way to fomo auroracoin guys cryptocurrency market data?
  • -- Hassan Ashraf : Interesting how the two main thought-leaders I follow are Bernie Sanders and Andreas...These two guys probably wouldn't even appreciate each other...but I appreciate them both. They both see the main problems in the world and are willing to bravely evangelize against the evils that control us all... slate money podcast cryptocurrency:-)
  • Tadeo Catania Sarah Kamala: R most influential cryptocurrency south africa yet investing in ico and cryptocurrency.
  • - Lewis McElroy : Great episode. Appreciate your groundedness. I'm convinced on waiting for btc to drop but how should we approach buying alt coins if we want some short term gains? I'm looking at MCO, ENJ, SOLVE, ICX, Monero, LTC, Qtum and CRO. I'd like to narrow to 5. Any thoughts on this list and some rules of thumb for what to look for in determining when to buy? I hope that made sense.
  • Rishabh Jain : Do all tickets have this? "Noted: Due to security policy, the ticket won't be handle until it is in 2 days."
  • -- AngelPlume : Problem with UBI is when you give something to someone for free. They rarely appreciate it. best cryptocurrency 2021 quora!
  • Bia Menezes La Lewy: I hesitate between keep trading and wait last moment
  • - Kakto Tak : LOVE IT !!!!!!!!!!!!!! AMAZING !!!!!!!!!!!!!!
  • Mangojuice Mlle Fouzia: Xlm va a subir mas q btc parece.
  • -- Carl Shin Alice Wolfess: Google es un buscador muy malo.... al parecer
  • Mwahaha105 : Hi there, is this concept already work or it's on ICO stage now? It is very interesting project! I hope that it will succeed! Like it, for sure. It's so great that you and some other projects help some technologies to be continiously developing and I truly think these technologies will be our future and will used on our daily lifes. My first investment was AdHive, they have the similar concept, it is my top ICO project now, that guys have serious project like you guys!))
  • - Violet Gloves MidniteBlues: Where are you seeing the number
  • ElPaisa Red Shirt: Im so tempted to buy XRP rn
  • - Kalinamanova Mariana Sousa: There should be a bank run world wide to put an end all this banking B.S!