Nearly 50 years ago, Vanguard disrupted the investing world by launching the first index fund for individual investors. Here comes the sequel.
Investors have tried everything to avoid paying those pesky capital gains tax bills in their mutual funds. Now Vanguard’s got an ETF share class for that — and by most indications, it could upend the $28 trillion fund industry.
The world’s second largest investment company after BlackRock, the Malvern, Pennsylvania-based Vanguard has experimented with a method for constructing exchange-traded fund share classes of its existing mutual funds over the past two decades. It’s been so successful that the company reportedly used the structure in 14 stock funds that booked $191 billion in gains for investors as of 2019 and paid out a total tax bill to the Internal Revenue Service of $0.
It’s a mouth-watering metric that took on even more significance after Vanguard’s prized patent expired last year. Now, Charles Schwab, Morgan Stanley, Fidelity, and roughly a dozen other companies have filed applications with the Securities and Exchange Commission to copy the structure. While it’s unclear whether the agency will approve the applications, its eventual decision holds enormous sway not only on the industry but also potentially over hundreds of billions of dollars in revenue for the Treasury.
US STIHL TIMBERSPORTS: July 28, 2pm CT | US Men’s Championship
Fight for Us, White Male Scum: Why We Will Win the War for the West
Clown World loathes Whites and loves wars. This creates a problem, because straight White men, the lowest of the low in Clown World’s eyes, are needed to fight Clown World’s wars. Alas, the policy of “Revile them, then recruit them” isn’t going well. In both Britain and America, White male recruitment to the military is disastrously down even as Clown World plans a triumphant war against Russia. And China. And Iran. And North Korea. There’s an Axis of Evil, you see, that must be opposed by an Axis of Anal. Evil countries like Russia, which don’t believe in the worship of homosexuals and non-Whites, must be defeated by good countries like Britain, which do believe in such worship.
Carlson on Mike Pompeo, JFK, and Julian Assange
The Secret Service Has A New Leader, Same As The Old Leader — Dan Bongino
Trump vows to can SEC Chair Gary Gensler during Bitcoin Conference in Nashville
With Cheap Decoy Drones, Russia Baits Ukraine Into Revealing Air Defense Assets
The world’s principal theater of evolving drone warfare has a new angle, as Russia is now using relatively cheaper unarmed drones to force Ukraine into revealing the location of its air defense assets.
The deceptive new drones, built from cheap materials including plywood and foam plastic, have been used in five Russian strikes over the past two to three weeks, Reuters has reported, citing Ukrainian intelligence official Andriy Cherniak. One version uses a camera and a mobile phone SIM card to send imagery to its operator.
Soft Porn Images: ‘Art’ at the European Parliament — Robert Malone
Our COVID summit group came across these images while attending a reception after the COVID summit day of testimony in the Parliament. The pornographic feel to these paintings, combined with their clearly intentionally blasphemous content left many at the COVID Summit meeting shocked and upset. These were hung in a space where a reception was held for the COVID summit attendees, many of whom were clergy and other people of religious faith.
Personally, I also felt great shame for the gay, lesbian and transgendered people supposedly represented in these images. Most gay and lesbian people do not wish for the public to view them as whores, in bondage, dressed inappropriately or as “sluts,” for lack of better words. These images defile them as well. It makes a mockery of who they are.
‘Donald Trump is the last best chance we have to dismantle the managerial class in the Deep State’ — Vivek Ramaswamy
Dr John McDowell regarding the Nazca mummies
Dr. John McDowell Named 2024 R.B.H. Gradwohl Laureate
A study on this topic: Biometric Morpho-Anatomical Characterization and Dating of The Antiquity of A Tridactyl Humanoid Specimen: Regarding The Case of Nasca-Peru
Results and Discussion: The tomographic imaging analysis showed that the specimen is a desiccated humanoid body with a biological architecture similar to that of a human, but with many morphological and anatomical structural differences such as the lack of hair and ears, an elongated skull and an increase in cranial volume. (30% greater than humans); maxillary and mandibular protrusion as well as protrusion of the eyeballs, absence of the fifth lumbar vertebra, tridactyly in both hands and feet, in additionto different foci of arthropathies. Carbon-14 dating analysis of the specimen gave an age of 1771 ± 30 years, corresponding to 240 AD-383 AD. (after Christ). Implications of the research: If it is demonstrated with further studies that this is a new humanoid species, it would have a strong impact on biology and science and scientific-historical and socio-cultural -implications.
Preserving Our Forests Is Destroying Them
Excellent video, explains why US wildfire policies have done more harm than good. ABN
J.D. Vance and the Future of MAGA J.D. Vance is the best heir to MAGA out of numerous uninspiring choices
…It will be interesting to see what direction Vance goes, factoring in his ties to Tech oligarchs. There are trade-offs, as the rightwing of Silicon Valley is open to the more grey tribe, dissident sphere, yet also invested in neoliberal policies like h1b immigrant visas and deregulation. The reality is you need some elite support and this Silicon Valley grey tribe elite is preferable to the old guard GOP donor class like the Koch Brothers. I could see a future post-Trump, tech-oriented GOP that is centrist on cultural issues, for natalism/soft eugenics, pro-high skilled immigration, tech accelerationist, pro-crypto currencies, and for replacing social programs with UBI.
Vance is intelligent and much more intellectual than the other MAGA figures. While Trump could have selected another boomer or a diversity pic, I can appreciate that Vance is a White millennial male. Trump’s selection of Vance signals that Trump is symbolically aligning with populism and Vance is some flex of the online youthful right. Basically, Vance is the best of a list of uninspiring potential VP candidates.
Reasonable overview of Vance and why Trump picked him. I like the kind of thinking in the highlighted paragraph. That’s basically what real-world politics is, all that it is. Whether you agree with the conclusions or not, we need that kind of thinking. ABN
PREP Act declaration for BIRD FLU issued
Like the open border and the covid plandemic, this appears to be yet another act of asymmetric warfare against the citizens of USA. ABN
US Doctors Stunned By Number Of Gaza Children With Headshot Wounds
Israeli Prime Minister Benjamin Netanyahu has called Israel the “most moral army in the world,” but a high volume of deeply troubling wounds seen by American surgeons volunteering in Gaza is casting doubt on that claim.
Dr. Mark Perlmutter, an American surgeon with heavy catastrophe-zone experience, is among those stunned by the civilian devastation they’ve recently witnessed in Gaza, and especially by a high volume of what appear to be precision rifle-fire wounds on children — including toddlers.
“All of the disasters I’ve seen, combined – 40 mission trips, 30 years, Ground Zero, earthquakes, all of that combined – doesn’t equal the level of carnage that I saw against civilians in just my first week in Gaza,” Dr. Mark Perlmutter, an orthopedic surgeon and vice president of the International College of Surgeons, told CBS’s Sunday Morning.
What most struck him was his observation that the overwhelming majority of the patients he and his team treated were children:
“I’ve never seen that before. I’ve seen more incinerated children than I’ve ever seen in my entire life, combined. I’ve seen more shredded children in just the first week … missing body parts, being crushed by buildings, the greatest majority, or bomb explosions, the next greatest majority.”
Perlumutter, a Jew who grew up in New Jersey and who now lives in North Carolina, was also disturbed what what he attributed to precise rifle fire directed at children, some of whom were “shot twice.”
“I have two children that I have photographs of that were shot so perfectly in the chest, I couldn’t put my stethoscope over their heart more accurately, and directly on the side of the head, in the same child. No toddler gets shot twice by mistake by the ‘world’s best sniper.’ And they’re dead-center shots.“
His description of the phenomenon was confirmed to CBS News by more than 20 other doctors who’d recently visited Gaza. An American doctor had such a problem grasping what he was seeing that he double-checked using CT scans, saying he “didn’t believe that this many children could be admitted to a single hospital with gunshot wounds to the head.”
On this site I have often claimed that USA and the West have long been infiltrated and secretly attacked by a clandestine army that targets mainly boys and young men. This has been going on since the end of WW2, if not longer. The strategy is to disable boys and young men, especially those who are promising leaders, in order to weaken one generation after another. An army of clandestine operatives has over several generations completely changed the social structure of USA. The strong have been eliminated while the weak have been promoted. The linked article shows this is the strategy being used in Gaza, without the weak being promoted as in the West. Obviously, those IDF snipers are not the perps who have been destroying the West, but from their behavior we can see that the strategy of disabling boys and young men is a real-world military strategy. Unrestricted war. A major problem in the West, which is being gradually weakened into oblivion by this strategy, is the weak leaders who have been promoted to powerful positions are also too weak and too proud to understand how they got to where they are. ABN
American Buddhist Net 