Some sauce showing HSBC failure to deliver notice from DTCC on 2-3-2023 of interest payments due on what looks like an Institutional Money Market fund: https://www.dtcc.com/-/media/Files/pdf/2023/2/3/Issuer-Failure-MMB6.pdf
This sort of notice was last seen in August 2008, approximately one month before Lehman Brothers collapse on September 15, 2008.
Crux of the theory is that the infinite money printing by the Federal Reserve was being used to keep zombie banks alive and keep the stock market manipulation going, but since January 19, 2023 all of this financial manipulation has been massively constrained and the cracks are starting to show.
The Deep State may be trying to make it to March 15, 2023 (business taxes due) OR April 18, 2023 (individual taxes due, likely more important). There are typically large revenue boosts around these two dates (presumably into Deep State coffers).
https://www.irs.gov/newsroom/irs-kicks-off-2023-tax-filing-season-with-returns-due-april-18
Yet another reason to correct your W-2 with form 4852 and change W-4 to "EXEMPT": https://greatawakening.win/p/16aA4T1R4C/success-constitutional-action-ag/c/ ; ADD more liquidity pressure on the system while Debt Ceiling is in place.
"Typical" TAX MONEY FLOWS: IRS->Treasury->Federal Reserve->BigBanks->Stockmarket
W-2 Correction/W-4 Fix - TAX MONEY FLOWS: IRS->'The People'->BigBanks->Credit Union System or Bitcoin or Silver/Gold
$ PRINTING MONEY FLOWS?: Federal Reserve->Treasury->Federal Reserve->BigBanks->Stockmarket
Possible countermeasure to protect yourself is move your money into Credit Union checking account out of FDIC system (possibly out of Federal Reserve system as well). CU system appears to be a separate system with its own FDIC-type of insurance. Savings accounts appear to be top of list in the case of a "bail-in" where bank takes deposits above a certain dollar level (usually above insurance limit, but subject to be lowered in an "EMERGENCY").
Is there anyway to claim exempt and still finance a house? I’ve claimed exempt before but started claiming 9 to start preparing to buy a house. (Need my tax info to finance.)
Unclear. Your question is good though. I'm not sure how banks lending money deal with a big zero on your 1040 being transferred from your W-2, but you can always show them the W-2 and show them your labor capital number separately. Obviously, you can make W-2 adjustments after securing a loan if needed.
A good way to buy a house with an LLC is to put money into the LLC and buy the property, then take accelerated depreciation. Usually this is done with cash. And it provides a way to get full deduction for all property taxes and property maintenance expense. This takes some work and setup.
Awesome response, thank you!
Have you written any books, lol? Seriously, you are talking about so many things I know nothing about. Would love to have a few dinners with you to soak it all up.