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The Fed is printing about $1 Trillion in cash every 90 days to keep the corrupt government afloat.
Both corrupt parties are to blame.
And no one notices. No one cares.
We are fucked.
EDITOR - Funded by the Federal Reserve, the corrupt Elites are buying up American businesses and farmland at breakneck speeds. Now they are targeting our homes and farmland, buying them up or pushing 50-year mortgages so we peasants will never own a home. We will be debt-slaves to the banks and tax slaves to the Elites.
Within a generation or two we will be landless, debt-ridden peasants (serfs) hoping for a few crumbs from the Master's table.
Gold & Silver Set To Skyrocket In Value After Trump Proclaims, "Gold Will Not Be Tariffed," Exposing The Short Positions Of Central Banks In Precious Metals
Top Economist Dr. Kirk Elliott Joins Alex To Break CRITICAL Intel On The World Economy, Precious Metals & SO MUCH MORE!
On Friday the Federal Reserve Bank website published a “FED Notes” article by Colin Weiss regarding the theory and phenomenon of central banks revaluing their gold reserves in order to increase nominal wealth without increasing debt from the printing of debt-based fiat currencies.
“With public debt at high levels, some governments have begun to explore financing additional expenditures without raising taxes while also not increasing public debt outstanding. One possibility is using proceeds from valuation gains on gold reserves, as has been floated in the U.S. and Belgium recently,” the paper said.
The government of the U.S. holds 261.5 million troy ounces of gold, according to the paper. Currently the government proclaims a statutory price of $42.22 per troy ounce for the valuation of this precious metal, or about 1.25 percent the current market value per ounce as of the writing of this article – $3,379.40
Of note, the potential proceeds from a revaluation of U.S. gold reserves to current market price would equal about 3 percent of U.S. GDP, according to Figure 2 of the paper. The International Monetary Fund (IMF) reports U.S. GDP outlook for 2025 as $30.5 trillion while the World Bank reports the U.S. GDP for 2024 as $29.18 trillion.
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Andy Schectman joins Mike Adams with urgent update on wars, GOLD, BRICS, de-dollarization and world financial panic
It's the end of the world as we know it. We are on the verge of hyper-inflation.
I was at the market and just stared at a God Damned $7.00 slice of watermelon.
A fucking $7.00 slice.
How do average people feed a family???? "Chew slowing dear, that slice of melon has to last all night.
Everything has gone insane: from $80,000 pick up trucks to $500,000 "starter" condos and the money printing never stops.
One good cascading bank failure and the printing presses will go brrrrrrr . . . .
Enjoy the coming ride to Hell.
Price of Gold in 2000 was $279
Price of Gold today $2,441
Price is for one troy ounce gold coin
(Zerohedge) Gov. Jeff Landry has signed a new law reaffirming gold and silver as legal tender, making a symbolic statement in favor of sound money principles.
Senate Bill 232, sponsored by Sen. Mark Abraham, marks the sixth pro-sound money bill passed by a state this year, underscoring a growing national trend.
Louisiana’s sound money bill simply affirms that “any gold or silver coin, specie, or bullion” issued by the United States government is considered legal tender whenever voluntarily agreed upon by both parties to a contract. The measure enjoyed popular support, receiving only one "no" vote on the floor throughout the Louisiana House and Senate.
This concept is consistent with the U.S. Constitution. In fact, Article 1 Section 10 reads: “No state shall…coin Money; emit Bills of Credit; [or] make any Thing but gold and silver Coin a Tender in Payment of Debts…”
America’s 53-year experiment in a purely fiat currency system has gone poorly. Without backing of gold or silver, the Federal Reserve note “dollar” has continuously declined in purchasing power. The nation has faced a series of Fed-created booms caused by interest rate manipulation, followed by busts and explosive growth in government spending.
When savers, wage earners, and investors seek ways to protect their savings from the ravages of inflation, they often choose precious metals over fiat currency because precious metals have preserved purchasing power over time.
This bill provides symbolic support to Louisiana citizens making this choice, and it is a modest step toward establishing sound money policies in the state.
Alabama, Utah, Wisconsin, Nebraska, and Kentucky passed legislation in 2024 ending sales and capital gains taxes on precious metals, declaring that Central Bank Digital Currencies are not valid money in their state, or empowering state treasurers to invest state funds in gold and silver.
Louisiana is the sixth state to enact sound money laws this year, while five other states did so in 2023.
To prepare for all post-dollar currencies, STACK GOLD and silver!
Gold Protects Your Wealth
More at Banned.Video
(Natural News) Right now, the situation with the markets and the financial system at large might be described comparatively as a terminally ill patient barely breathing on a life support machine while attending doctors tell the family that everything looks on the up and up. In other words, the situation is really ugly behind closed doors – but those doors are about to be swung wide open for the world to both see and experience.
Take the ongoing "bond bloodbath," as Wolf Richter calls it. Delusions about the Federal Reserve's fight with inflation are finally giving way as reality sets in that inflation is not going away. It is not transitory like notorious liar Treasury Secretary Janet Yellen kept saying, and there does not really appear to be any way to stop it.
As the Fed continues to tighten the system into a steep recession, there will be another dramatic plunge in the markets to correct what Haggith describes as the "everything bubble" – meaning everything is way overvalued to the point that it has to pop at some point.
"That will plunge us rapidly into recession in an all-out panic because people who have been investing based on such enormous delusions panic when they finally realize that, like Wile E. Coyote, they've run out past the edge of a mighty high cliff," he explains.
"The crash of the Big Bond Bubble was inevitable because of the Fed's QT (quantitative tightening) and the Fed's raising of interest rates and the government's massive addiction to endless and enormous deficits, requiring massive new bond issuances."
Robert F. Kennedy. Jr. recently called for the U.S. Dollar to be backed by Gold and Bitcoin.
In the wide-ranging interview below we see a massive sea change in the world's economy resulting in (at best) a vastly weakened U.S. Dollar.
Remember it took only 20 years for the mighty British Empire to collapse and vanish.
More at SGT Report
TRENTON, N.J. – Last Friday, the New Jersey Assembly unanimously passed a bill that would exempt gold and silver bullion coins from state sales and use taxes.
Enactment of this legislation would not only relieve some of the tax burdens on investors, but it would also eliminate 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. Louis Greenwald introduced Assembly Bill 5294 (A5294) on Mar. 16. The legislation would exempt the sale of investment metal bullion and investment coins from the state sales and use tax.
Investment metal bullion is defined as “any elementary precious metal that has been put through a process of smelting or refining, including, but not limited to, gold, silver, platinum, and palladium, and that is in such a state or condition that its value depends on its content, not its form.” An “investment coin” is defined as “any numismatic coin manufactured of gold, silver, platinum, palladium, or any other metal, including non-precious metals, and having a fair market value of not less than $1,000.”
On June 22, the Assembly passed A5294 by a 74-0 vote.
Currently, 43 states have eliminated sales taxes on gold and silver bullion. Repealing sales taxes on precious metal bullion takes a step toward treating gold and silver as money instead of commodities. Taxes on precious metal bullion erect barriers to using gold and silver as money by raising transaction costs.
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.
BRICS Prepares New Gold Backed Currency To Compete With US Dollar, This Could DESTROY The Dollar
(Armand's Rancho Del Cielo) Alaska may become the latest in a growing number of states to allow gold and silver as legal tender if a bill, just passed the House, gets passed by the senate and signed by the governor.
The Anchorage Daily News reported:
JUNEAU — In the final days of the legislative session, the Alaska House passed a bill that would allow gold and silver to be used as legal tender.
House Bill 3, introduced by Big Lake Republican Rep. Kevin McCabe, would allow business owners to decide if they want to accept the precious metals as currency. The coin or bar would need to be refined and its value would need to be authenticated, meaning gold dust or nuggets could not be used.
McCabe told the House State Affairs Committee earlier in the session that one of his constituents suggested the idea to him because they did not trust the national banking system. More than 10 states have passed similar bills, including Arkansas in April.
The bill specifically exempts local governments from collecting sales tax when U.S. dollars are exchanged for gold and silver. Sales taxes on purchases made with the bullion would still apply.
To read more, go here.
Money, gold, crypto, COWS and coins: What is MONEY?
More at Natural News
AUGUSTA, Maine (April 18, 2023) – Last Wednesday, a Maine committee approved a bill that would make gold and silver legal tender in the state. Passage into law would eliminate barriers to using gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.
Sen. Eric Brakey and nine fellow Republicans introduced Senate Bill 1270 (LD1270) on March 21. The legislation would make gold and silver in coin or bar form legal tender for all transactions as long as the buyer and seller agree as to the fair market value of the metal.
Practically speaking, this would set the stage for Mainers to use gold or silver coins and bars as money rather than just as mere investment vehicles. Declaring gold and silver legal tender would create a more favorable legal environment for the use of these precious metals in everyday transactions.
In effect, it would put gold and silver on the same practical footing as Federal Reserve notes.
On April 12, the Joint Committee on Health Coverage approved LD1270 with an “ought to pass” majority report. Ten committee members signed the “ought to pass” report with two signing on to the “ought not to pass” report.
As introduced, LD1270 included provisions to eliminate the sales tax on the sale of gold and silver. The committee amended that provision out of LD1270 because a separate bill (LD1051) with those provisions recently passed out of the Joint Committee on Taxation.
Maine could become the fifth state to recognize gold and silver as legal tender. Utah led the way, reestablishing constitutional money in 2011. Wyoming and Oklahoma followed suit, and Arkansas joins them this year with a new law that will go into effect this summer.
The effect has been most dramatic in Utah where United Precious Metals Association (UMPA) was established after the passage of the Utah Specie Legal Tender Act and the elimination of all taxes on gold and silver. UPMA offers accounts denominated in U.S.-minted gold and silver dollars. The company was also instrumental in the development of the “Utah Goldback,” described as “the first local, voluntary currency to be made of a spendable, beautiful, physical gold.”
DON'T WORRY, THE BANKS ARE JUST AS SAFE AS THE VACCINES!
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