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Entry Submitted by MJM at 2:44 PM EDT on July 2, 2021
I’m an Australian living in the US. From my contacts in Australia the RV has NOT commenced.
In respect to the US. While many have expressed optimism for the RV it seems the UST/Federal reserve et al appear to be controlling this world wide. I’ve been very positive this would occur in the US my optimism has deteriorated into doubt that anything will happen. Even if it does, the rates we will be offered will be those bank rates internationally for exchanging currency. While redemption centers may have been an opportunity to gain a default rate or a contract rate I am now convinced this won’t happen and the best we could expect is the base over the counter rate.
Indeed if a higher rate is to be offered, steps are being taken to increase capital gains tax to 49% and would include currency gains as proposed by Janet Yellen US Secretary of the Treasury. It’s proposed this would be back dated to January 1, 2021.
Just a modest believes concerns.
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