The Prepper's Blueprint
Top Tier Gear USA
Top Tier Gear USA
Preps and Solutions
(Sponsored Ads)
Silver
Strategic Relocation
Recently Posted Articles and Videos
The Daily Sheeple
Ready Nutrition - Homesteading and Preparedness
The Prepper Website
SGT Report
SGT Report
top Prepper Web Sites
Featured Destinations
The Liberty Mill
Web Destinations
  • * End Times Headlines
  • * GoldBroker.com *
  • * Infowars *
  • * Jeff Rense *
  • * Prepper Website *
  • * Ready Nutrition *
  • * SGT Report *
  • * Silver.com *
  • * Stan Deyo *
  • * Steve Quayle *
  • * Survival Blog *
  • * The Daily Sheeple *
  • * The Organic Prepper *
  • * Wide Awake News *
  • 321Gold
  • Activist Post
  • All American Gold
  • Alt Market
  • American Preppers Network
  • American Preppers Online
  • Amerisafe Neighbor Network
  • Ammo For Sale
  • Apartment Prepper
  • Armageddon Online
  • Arms Bearing Citizen
  • Backdoor Survival
  • Bearish News
  • Berkey Guy Blog
  • Beyond Collapse
  • Bio Prepper
  • Black Listed News
  • Blue Collar Prepper
  • Calculated Risk
  • Chris Martenson
  • Code Green Prep
  • Collapse Medicine
  • Collapse Net
  • Countdown to Collapse
  • Daily Collapse Report
  • Daily Crux
  • Disaster Survival Network
  • Doc Medina – Soapbox
  • Don't Tread on Me
  • Doom & Bloom Survival Medicine
  • Doomsday Prepping
  • Education After the Collapse
  • Enemies Foreign & Domestic
  • Eric Peters Politics
  • Family Survival Plan
  • FloJak
  • Fraudonomics
  • From the Blind
  • From the Trenches
  • Full Spectrum Dominance
  • Government Is a Joke
  • Homestead Revival
  • International Forecaster
  • Jack Blood
  • Jeff Rense
  • Joe For America
  • King World News
  • Lew Rockwell
  • Liberty Blitzkrieg
  • Liberty Mill
  • Market Ticker
  • Max Velocity Tactical
  • Mish – Economic Trends
  • Modern Survival Online
  • Net Ranger
  • Occupy Corporatism
  • Off Grid Survival
  • Off The Grid News
  • OilPrice.com
  • On Three Points Forums
  • Oracle Broadcasting
  • Outdoors Native
  • Patriot Net Daily
  • Peak Prosperity
  • Pioneer Living
  • Preparedness Review
  • Prepography
  • Prepper Central
  • Prepper Dashboard
  • Prepper For The Worst
  • Prepper Singles
  • Prepper Trader
  • Prepping Blogs
  • Prepping for Hard Times
  • Prepping to Survive
  • Project Chesapeake
  • Rawles' Survival Blog
  • Sherrie Questions All
  • SHTF America
  • SHTF School
  • SHTF Wiki
  • Skeptical Survivalist
  • Sound Money Campaign
  • Sovereign Man
  • Sticker Armory
  • Story Leak
  • Supreme Patriot
  • Survival and Prosperity
  • Survival Blogs
  • Survival Life
  • Survival Logic
  • Survival Magazine
  • Survival Prepper Joe
  • Survival Pulse
  • Survival Spot
  • Survival Week
  • Survivalist Boards
  • Survivopedia
  • Tactical Intelligence
  • Texas Preparedness Group
  • The Burning Platform
  • The Prepared Ninja
  • The Prepper Journal
  • The Prepper Project
  • The Silver Bear Cafe
  • The Survival Mom
  • The Warning Signs
  • TheSurvivalistBlog.net
  • Trail and Trade
  • Truth Is Treason
  • Underground Medic
  • Urban Survival Site
  • Value Investing Pro
  • What Really Happened?
  • Wolf Street
  • Wood Pile Report
  • Yoga Sacramento
  • Zero Hedge

  • Clarocet for Kids
    Silver

    Sound Money Is Rising at the State Level: “Will Open The Door For Citizens To More Easily Use Gold And Silver In Transactions”

    Clint Siegner
    March 7th, 2017
    Money Metals Exchange
    Comments (14)
    Read by 3,089 people

    This report was originally published by Clint Siegner at Money Metals Exchange

    sound-money4

    Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the Federal Reserve Note “dollar,” then levy capital gains taxes on assets when their dollar price rises.

    The “gains” are largely illusory. Rising asset prices over time reflect the fact that the dollar buys less of everything. But the tax obligations triggered by this inflation are very real.

    Bills calling for the elimination of capital gains taxes on money, i.e. precious metals, have recently been introduced in both Idaho and Arizona.

    Money Metals Exchange president Stefan Gleason testified at the hearing and pointed out that “by taxing so-called gains on exchanging precious metals for devalued Federal Reserve Notes, we’re adding another tax on top of the inflation tax.”

    Idaho State Representative Ron Nate adroitly observed, “Citizens aren’t allowed to declare capital losses when the dollars they hold lose value. So, it isn’t fair to tax capital gains when the gold and silver they own rises in value.”

    The Idaho bill – HB206 – passed the House Committee on Revenue and Taxation last Thursday and is expected to come up for a vote on the house floor in the coming days.

    The Arizona House of Representatives passed its own version of the Idaho bill, HB2014, in mid-February, sending it on to the state Senate which is holding a hearing this Wednesday. Former Congressman Ron Paul is scheduled to testify.

    Meanwhile, Alabama, Tennessee, Virginia, and Maine are working to eliminate sales taxes on gold and silver bullion.

    Supporters of sound money are working hard to reestablish gold and silver as money according to state law and to make sure it is treated as such in the tax code. Trading one form of money for another should not trigger any tax. There is no sales tax when customers swap their precious metals for dollars, so switching dollars to bullion should also be tax exempt.

    Oklahoma, Utah, Texas, Idaho, and nearly 20 other states already exempt precious metals from sales tax. Utah and Oklahoma have gone one step further, reaffirming the U.S. Constitution’s designation of gold and silver as legal tender. As such the metals are free from all state taxes – including capital gains.

    Texas and Tennessee have both approved measures to establish precious metals depositories in their states. Utah legislators are now considering a bill to authorize the same. The idea is to facilitate ownership of gold and silver bullion in state-run investment funds including pensions.

    These funds are in desperate need of diversification. Most are stuffed with conventional paper assets which are at risk of going up in smoke in the event of hyperinflation in the U.S. dollar, or another 2008 style financial crisis.

    State depositories will also open the door for citizens to more easily use gold and silver in transactions. Parties who have a metals holding in a state depository would be able to make payments to one another by simply and instantly transferring title to the bullion. This would avoid the expense and time delay required in transferring the physical bars.

    The movement for honest money is alive and growing. And it is vitally important. The deficits, the mountains of unpayable debt and the metastasizing state and federal governments were all made possible using the black magic of fiat money.

    Markets assume all obligations will be “met” when a government can print what is needed. It is simple for politicians to promise the moon and stars when they do not need to raise taxes to fund programs. They simply borrow or print what is needed.

    The real prize will be sound money through federal reforms, or state nullification of federal laws and institutions including the Federal Reserve. With the groundwork being laid now, we are perhaps just one crisis away from a return to honest money nationwide.

    Clint Siegner is a Director at Money Metals Exchange, the national precious metals company named 2015 “Dealer of the Year” in the United States by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals’ brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.

    Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
    Advanced Tactical Gas Mask
    Please Spread The Word And Share This Post

    Author: Clint Siegner
    Views: Read by 3,089 people
    Date: March 7th, 2017
    Website: https://www.moneymetals.com/

    Copyright Information: This content has been contributed to SHTFplan by a third-party or has been republished with permission from the author. Please contact the author directly for republishing information.

    14 Comments...

    Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
    1. Tom S. says:

      It is too bad that the conservative Republican Governors at the Nation Governors Association last week did not discuss this topic and develop a plan for independent state banks that facilitate Constitutional money.

    2. durangokidd says:

      Great news. I’m all for it as I have a mountain of precious metal. But what is everyone else going to do for gold & silver.

      There isn’t enough to go around. Not by a long shot. 🙁

      • Zeus says:

        Every single State in the Union needs to take this QUE from The Idaho bill – HB206 Send this info and other similar bills like AZ’s to your REPS, to make Gold and Silver Legal Tender for commerce and debt payments satisfactions. Demand your Own STATES LEGISLATURE AND REPRESENTATIVES to pass this in your own state. The States and their Counties, need to start taking in Gold and Silver in as Legal Tender Payment for all Taxes, Property Taxes and any other forms of Fees assessed or Income Taxes. You see, the more PM’s they can accumulate and take in, in this form of payment the better off and stable your Own State will become economically. Especially at these low prices. As the PM’s increase in value they will climb out of their Debt. And the more people use PM’s for commerce, the less the FED Reserve has control of our economy. Phase these bastards OUT and their phony monopoly out of existence forever. They are Frauds and they need to be destroyed ASAP!!! Gold and silver can be minted or in Bullion for trade and commerce. A frigging Law can change this economy.

        • durangokidd says:

          No single nation can move to a metals backed money without a HUGE spike in demand for that currency and the giant sucking sound that follows as the gold reserves of that one nation are set upon by all of the others.

          Because gold is real wealth and the bankers know it.

          Besides as long as the central bankers can ascribe value to paper at various denominations and have the populace use it to facilitate transactions, why would they move to metal ???

          Not gonna happen.

          Digital dollars are coming as I have said in times past. (Yes its in the archives). Digital dollars, and yuan, and yen, and swiss francs, and euros, and pound sterling will characterize our digital accounts. FX is the largest market in the world and it is controlled by the central banks. Thus it is a major PROFIT CENTER.

          And that is the bottom line, “one world currency”.

          Its just a few years away and IBM has just now initiated a scheme for software developers to create software programs to bridge the gap between conventional computers and quantum computers.

          Yeah, its gonna happen. 🙁

      • Cashless says:

        Perhaps copper could be used as well for smaller denominations. What comes around goes around.

    3. anonymous says:

      what happened to Sixpack??? I see Eppe passed away RIP.

    4. Yeah, right says:

      There’s going to be state nullification of federal law? Didn’t AZ already try that? Along with a bunch of other states that thought they were somehow free to do that too on all sorts of lesser issues.
      Somehow I figure that the way that things are going, I think that 7/11’s will be more likely to be forced to accept pesos before they are required to accept SilverMoney(TM).

      • Stuart says:

        Many stores in South Texas already accept Pesos as a matter of convenience; just like border stores in the North accept Canadian Dollars and vice versa. Accepting the next door neighbor’s money is common around the world.
        So Texas may be ahead of the curve.

        • Yeah, right says:

          I know when I went through Canada along that border they took American money, only because my arrogant friend didn’t think that we needed to use their currency. He said that they would rather have our dollars anyway, so we didn’t need to exchange ours for theirs. Yeah, o.k.. The waitress at the restaurant wasn’t too happy about it. I don’t know what the exchange rate was at the time. I guess the waitress would have to check it daily herself.
          That trip ended a day early. We put on over 650mi in one day on motorcycles to end it. All I know that I myself don’t want to be handed their tokens instead of our tokens.

    5. joeybagofdonutsandbagels says:

      ” backed by the full faith and credit of the United States government “.
      ( insert sarcasm here ) I guess that would explain the demand for pm’s .

    6. Houston/Cypress/Katy/Shtf says:

      Joey Bagels ain’t lying. Its coming down to assets. If its not in your hand, you don’t own shit. Give new meaning to tangible assets..

      Yes Stuart, the numbers do match up don’t they. The Question is this, what is the kind of curve will we be expecting by the end of March, since the WebBotts is showing us that by the time April comes around, we are diving into economic mayhem. I believe it will be sudden, will catch people off guard. California will try to exit once that takes place, Obama will use the 5th column chi-com, Russians, jihadist to attack the White House and remove Trump. Its a mess I tell you guys, its a mess.

      HCKS.

    7. GrandpaSpeaks says:

      The polarization is condensing into support of the Constitution, or not. We have accomplished everything our Founders warned against and now find ourselves in a quagmire. Redemption may be at hand, or not. The only paper that has intrinsic value is the Constitution. The good faith and credit of the United States is the stake and many States realize this. Theirs is not a call for Constitutional reform but one of compliance. To not tax is huge because it encourages a reformation.

    8. TnAndy says:

      We’re probably one crisis away from an unconstitutional ban on the possession or use of metal….aka FDR.

      If anyone thinks the Banksters went to all that trouble back in the 30’s to separate the idea that gold and silver are true, Constitutional money (Congress has the power to COIN, not print) and substitute the notion that folding paper is money, only to give it up now, they flat haven’t a clue.

      You won’t find one person in a thousand today that has any idea that folding stuff (or increasing digital stuff) is NOT MONEY….meaning the propaganda campaign of the banksters was a near complete success.

      These bastards are NOT gonna simply roll over and play nice. Their entire base of power depends on keeping the con going.

    9. Anonymous says:

      State nullification of federal “laws” (which are actually only treaties between the several United States which any of those states can nullify by it’s sovereignty) is the very good answer to all of the problems created by the rogue “federal” (illegally imperial) government.

    Leave a Reply

    XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

    Commenting Policy:

    Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn't immediately available. We're not trying to censor you, the system just wants to make sure you're not a robot posting random spam.

    This web site thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.

     
    Flojak Hand Water Pump
    Survival Food
    Patriot Dawn
    Are You Ready? Chemical, Biological, Radiological, Nuclear Protection

    Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

    Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

    Dedicated IP Address: 69.167.174.108

    The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

    SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.