Gold & Silver as Money

Signed as Law: Kansas Removes Barrier to the Use of Gold and Silver as Money

By Michael Maharrey

TOPEKA, Kan. (May 22, 2019) – Last week, Kansas Gov. Laura Kelly signed a bill exempting gold and silver bullion, and other precious metals, from the state sales tax. Passage of this legislation eliminates one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.

Rep. Jim Kelly (R-Independence) introduced House Bill 2140 (HB2140) on Feb. 5. The new law exempts the sale of gold or silver coins and gold, silver, platinum, or palladium bullion from the state sales tax. Under the law, “bullion” means bars, ingots or commemorative medallions of gold, silver, platinum, palladium, or a combination thereof, for which the value of the metal depends on its content and not the form.

The sales tax exemption on gold and silver was amended into a bill authorizing various county sales tax increases. It was the one positive provision in a bill otherwise unfriendly to Kansas taxpayers. With Gov. Kelly’s signature, the law will go into effect July 1.

IN PRACTICE

With the passage of HB2140, Kansas takes a step toward treating gold, silver, platinum and palladium as money instead of commodities. As Sound Money Defense League Policy Director Jp Cortez testified during a committee hearing on a similar bill in Wyoming last year, charging taxes on money itself is beyond the pale.

In effect, states that collect taxes on purchases of precious metals are inherently saying gold and silver are not money at all.

Imagine if you asked a grocery clerk to break a $5 bill and he charged you a 35 cent tax. Silly, right? After all, you were only exchanging one form of money for another. But that’s essentially what Kansas’ sales tax on gold and silver bullion did. By removing the sales tax on the exchange of gold and silver, Kansas will treat specie as money instead of a commodity. This represents a small step toward reestablishing gold and silver as legal tender and breaking down the Fed’s monopoly on money.

“We ought not to tax money – and that’s a good idea. It makes no sense to tax money,” former U.S. Rep. Ron Paul said during testimony in support an Arizona bill that repealed capital gains taxes on gold and silver in that state. “Paper is not money, it’s fraud,” he continued.

The new law’s impact would go beyond mere tax policy. During an event after his Senate committee testimony, Paul pointed out that it’s really about the size and scope of government.

If you’re for less government, you want sound money. The people who want big government, they don’t want sound money. They want to deceive you and commit fraud. They want to print the money. They want a monopoly. They want to get you conditioned, as our schools have conditioned us, to the point where deficits don’t matter.

Practically speaking, eliminating taxes on the sale of gold and silver cracks open the door for people to begin using specie in regular business transactions. This marks an important small step toward currency competition. If sound money gains a foothold in the marketplace against Federal Reserve notes, the people will be able to choose the time-tested stability of gold and silver over the central bank’s rapidly-depreciating paper currency.

BACKGROUND INFORMATION

The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” States have simply ignored this constitutional provision for years. It’s impossible for a state to return to a constitutional sound money system when it taxes gold and silver as a commodity.

HB2140 takes a step toward establishing gold and silver as legal tender in the state and that constitutional requirement, ignored for decades in every state. This sets the stage to undermine the monopoly of the Federal Reserve by introducing competition into the monetary system.

Constitutional tender expert Professor William Greene said when people in multiple states actually start using gold and silver instead of Federal Reserve Notes, it could create a “reverse Gresham’s effect,” drive out bad money, effectively nullify the Federal Reserve, and end the federal government’s monopoly on money.

Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a “reverse Gresham’s Law” effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes). As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions.

Once things get to that point, Federal Reserve notes would become largely unwanted and irrelevant for ordinary people. Nullifying the Fed on a state by state level is what will get us there.

Michael Maharrey [send him email] is the Communications Director for the Tenth Amendment Center, where this article first appeared. He proudly resides in the original home of the Principles of ’98 – Kentucky. See his blog archive here and his article archive here. He is the author of the book, Our Last Hope: Rediscovering the Lost Path to Liberty. You can visit his personal website at MichaelMaharrey.com

from:    https://www.activistpost.com/2019/05/signed-as-law-kansas-removes-barrier-to-the-use-of-gold-and-silver-as-money.html

Got Gold? Got Silver? in AZ

Banksters

ARIZONA LEGALIZES GOLD AND SILVER AS CURRENCY

Yesterday, you’ll recall, I blogged about my high octane speculation, or perhaps one might even call it a high octane suspicion, that the human trafficking scandals that have erupted in almost every country of the west and which have spilled over into other countries, might be a large component of what I have been calling a hidden system of finance. And as China, Russia, and other nations of the BRICSA bloc have been buying up bullion, and negotiated bi-lateral currency and trading agreements, something else has been happening, quietly, and far from the attentions of the lamestream presstitutes of the corporate controlled globaloney media. And no, I’m not talking about the efforts of Germany or other countries to repatriate, and get an accurate audit, of their gold reserves on deposit in foreign central banks.

I’m talking about the quiet “revolt of the states” taking place in the USSA.

The Empire of the United States is in a bit of an economic quandry, for it doesn’t make much that other people want to buy any more. Agriculture remains one of the USSA’s primary non-military exports, but much of that food supply is now tainted with GMO products, and the growing revolt against them around the world might conceivably dent that in the future. Other than this, America doesn’t export much that other people want to buy. If one has a few billion dollars of pocket change laying around, then one might want to buy an aircraft carrier, but increasingly, with new and much less expensive Russian missile technologies about to come into operational use, these big behemoths might end up being nothing but “missile magnets,” as a US Navy friend of mine put it to me once during a recent conversation. Tanks? Well, Germany has an equivalent one, so why feed your hard earned defense dollars to the American beast when you can feed it to the smaller German beast? And for that matter, Russia has a better tank than either the USSA or Germany. They probably aren’t selling, but at least you can try.

What about energy? Natural gas and such? Well, the USSA’s sanctions game with Russia has as its unstated and hidden goal the sale of energy to Europe, a nice way to keep those pesky Frenchmen and Germans under the American thumb. The problem there is, it’s more expensive than getting it from Russia, and the Germans are, understandably, not too happy about that. Even Frau Merkel woke up from her multicultural slumber long enough to tell her lackey, Mr. Junker, to express some profound displeasure. Go back to sleep now, Angela. All is well, Europe continues to crumble.

Aircraft? Well, sure, for a few tens of millions, one might want to buy an F-35. Trouble is, its performance is far below what was touted making it an expensive waste. How about a very expensive Aegis class missile frigate? The problem there is, obsolescent Russian Sukhoi fighters appear to be able to turn them off, completely. What about a nice Patriot anti-missile system? The problem there is, the new class of Russian ICBMs can defeat it, since they can change flight paths even in the descent stage, as can their 24 MIRVed warheads. But fortunately, the never-to-be-trusted-always-Byzantinely-scheming-Russians aren’t selling that on the open market. (“Park it in my back yard, guys. Thanks!”)

As all this is happening, I recently blogged about the Pentagram study that acknowledged that, yes, since 9/11, everyone in the world has pretty much had it with the USSA’s unipolarism. Their solution? Double down: more arms, more militarization of the American economy, and, of course, more surveillance of Americans.

Perhaps the Pentagram’s study was motivated by the growing revolt of American states against the cultural and political swamp of psychopathy that Washington, District of Cesspool, has become. It’s a story we’ve covered here before: more and more state legislatures are passing resolutions recognizing bullion as legal Constitutional tender. Texas took an even bigger, bolder step, by creating a state bullion depository, a move which was followed by discussions of similar measures in Utah.

Now, Arizona joins, according to this article shared by Mr. B.H. (copy and paste into your browser):

The backing of the USSA’s Federal Reserve notes is, of course, nothing but American military power. And if that military power is increasingly looking like a “risky” investment to foreign nations, then the dollar’s days as a reserve currency are numbered. And some American states are seeing this, and acting. Hence, the Pentagram’s recent study might be casting a nervous glance, not on foreign violence, or even random domestic violence, but at the growing movement of quiet revolt in the states themselves.

… it makes one think, just for a moment, that it was a shame General Beauregard didn’t march into Washington, as some of his subordinate commanders urged him to do after the First Battle of Bull Run, but in any case, with all the new and abhorrent human trafficking going on, one wonders if, in fact, the South really did win…

See you on the flip side…

from:    https://gizadeathstar.com/2017/08/arizona-legalizes-gold-silver-currency/

Coming Gold Standard?

Use your discretion.

The Hidden Meanings in the New $100 Bill!

Bix Weir

First of all, I must admit that I am one of those “Conspiracy Nuts” who loves to read meaning into the back of the US $1 bill like I’m trying to solve a centuries old puzzle. The “All Seeing Eye”, the pyramid, “One World Government”, Masonic symbols, the implications of the Latin words, even the words “In God We Trust” added in 1955…all of it…I’m a big fan of secret meaning. Just Google “US Dollar Hidden Meaning” and you will find almost EVERY INTERPRETATION you can imagine. Since I don’t know which is true…I tend to believe ALL OF THEM. More fun that way. If you think this is all hogwash and there is no meaning to the back of the $1 bill…”Duh, it’s just a nice picture”…then this article is not for you.

So, of course, I was more than excited when the new $100 bill was FINALLY announced and IT HAD ALL THAT GOLD ON IT!

http://www.newmoney.gov/newmoney/default.aspx

I admit that I am slightly biased on this. One of the central themes of my work at the Road to Roota Letters is that there is a group of people working to end the fiat money system and return the US back to the Gold Standard. For those unfamiliar with the concept read:

The Road to Roota Theory
http://www.roadtoroota.com/public/190.cfm

A subscriber tipped me off years ago that the new $100 bill would be “special” when it finally got released and he wasn’t lying. I LOVE this bill! Check out how it turns gold in the light…

http://www.youtube.com/watch?v=zEabYIStM8Y

Ok. So it may be a coincidence and I may have an over active imagination but bear with me while we explore further. Take a real close look at the new bill keeping in mind that the US has a special history of hidden meaning behind their bills and there’s a real possibility of a currency crash (with a return to the Gold Standard) in the very near future.

Let’s start with the most glaring difference even from the other new colored bills: that huge Blue Stripe down the right center. For those not familiar with the symbolism of the American flag colors: Red symbolizes Hardiness and Valor, White symbolizes Purity and Innocence and Blue represents Vigilance, Perseverance and Justice. Is it possible that the big Blue Stripe may have more significance that you might expect?

When it comes to monetary theory there are really only two serious camps. The first believes in fiat/paper money and the second believes in a “hard money” backed by gold. Lets assume these two opposing ideologies are represented on this bill. Look closely at the left side of the Blue Stripe.

 

Let’s say the left side represents the fiat/paper money camp. There is no new coloring at all just the same ole drab green. The same ole fiat money. It’s all there…the words “Federal Reserve Note”, the Official Fed Seal, Ooo..looks like the US Treasury Secretary signature has been moved from the right to the left side(come on…which camp did you think Geithner would be put in?!). And for you currency buffs, even Benjamin Franklin is positioned on the left of the Blue Stripe with that quizzical grin…why you ask?

Well, not many know it but Ben Franklin was a BIG supporter of paper money in his day. Don’t get me wrong, he was a great and loyal American who was very much anti-banker but in his day the battle was reversed. It was the English bankers who were all about forcing the colonists onto a Gold/Silver standard but Franklin knew that the overseas trade would leave no physical money for the colonies to conduct domestic commerce with. It was probably the TRUE cause of the American Revolution! Here’s a good representation of what happened:

http://21stcenturycicero.wordpress.com/fraud/how-benjamin-franklin-made-new-england-prosperous/

Truthfully, it’s high time we rewrite the all the US History books and tell the world the REAL STORY. The American Revolution was actually…A REBELLION AGAINST THE BANKSTERS!

Back to the “Greenback”…

So you can see that everything on the left side of the new $100 bill relates to the continuance of fiat money.

Now let’s look at the right side of that Blue Stripe…the “Vigilance, Perseverance and Justice” side!

 

OH MY GOODNESS…GOLD GALORE!! A Gold Ink Well, Gold Liberty Bell, Gold Feather Pen, Gold “100”, Gold Watermark, Gold Writing in the background, Gold “July 4, 1776″…there’s even a HUGE gold “100” on the back of the right side. The right side of this bill is so full of gold it will probably droop when you hand it to the cashier!

Here’s my take on all the Gold symbolism:

– The US has long prepared to return to a Gold Standard and the time has come.

– The Gold Ink Well symbolizes the power of Congress to pass laws that can dismantle the Fiat Money System with the stoke of a pen.

– The Gold Liberty Bell within the ink well symbolizes Congresses ability to write laws that destroy the banking cabal’s strangle hold on the Liberty of citizens in the United States.

– Notice the words “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS,PUBLIC AND PRIVATE” has also been moved from the left to the right side (or the gold standard side!)

– Notice how the color of the “100” on the bottom front changes from GREEN to GOLD…still not convinced?

– And now my favorite… look at the wording right above the “100” on the far right.

Do you see it?

 

“…the People to alter or abolish it, and to institute new…”

That, my friends, comes directly from our Declaration of Independence and says the following:

“That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”

Has there ever been a time in the last 100 years that the people were more ready to “alter or abolish” our government?!

Can “They” make it more obvious…GET READY FOR A GOLD STANDARD!

The odd fact that the US Treasury chose to “anti-counterfeit” the $100 bill last is very telling. The US $100 is the MOST counterfeited bill in the world by far. So much so that the fake bills even have their own name…the “SUPERDOLLAR” or “SUPERNOTE”.

http://www.youtube.com/watch?v=p5PTzBRwk5M

The new $100’s were going to be released on Feb 10, 2011 but the Federal Reserve announced a “delay due to production problems”. Why wait so long? In this video it sure looks like they are in full production already. (what’s with the “Wizard of Oz-esque” green drapes? No, I won’t run with that!)

http://www.youtube.com/watch?v=hUALVgbyZ84

Oh, did you notice that the bill in all the sample photos was printed in “SERIES 2009”? I believe that the new $100’s are ready to go and HAVE BEEN READY SINCE THE ONSET OF THE CREDIT CRISIS! They were waiting for the crash and the return to a gold standard. With this announcement they might as well say …WE ARE READY TO COLLAPSE THE SYSTEM!!

The monetary camps split by the Blue Stripe, the Liberty Bell in the Gold Inkwell, the quotes of overthrowing the government, the delayed implementation of the $100 bill…

Get ready for a Gold Standard because we are just about there!

from:    http://www.roadtoroota.com/public/261.cfm

Check it Out —SECRET OF OZ

THE SECRET OF OZ — All About the Yellow Brick Road & $$$$

The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a “National Debt”. Remember: It’s not what backs the money, it’s who controls its quantity.

here is the link:    http://www.youtube.com/watch?v=3eUh-rDi9dU

as always, research and use your discretion.