Thursday, July 22, 2010

Gold Diggers

Secret Law Slipped Into Health Care Bill

The idiots in Congress claim that they didn't know this was in their health scare deform bill, but for once maybe they're not lying. One Republican member of Congress recently stated that over 90% of legislation is never read by members before they vote. They are told what to vote on and the bills are written by large companies and their lobbying firms.

But this is newly discovered language requiring that all small businesses and individuals purchasing more than $600 in goods or services during each calendar year to fill out additional 1099 forms and submit them to the IRS. So every time you buy a car or an HDTV, if you hire workmen to paint your house or do landscaping, you will be filling out paperwork telling the government what you just bought, and you will pay extra tax for it, starting on 1 January, 2012.

This is for all goods and services for "the little people," as the BP chairman and Pelosi and Reid think of us, but it is the precious metals dealers who first brought this insanity to national attention. Because of the current price of gold, all ounce and half-ounce gold coins fall above the government's price threshold of $600. The government is doing two things here -- creating a secret, additional sales tax on all your major purchases and, more insidiously, creating a list of precious metals owners.

Just like FDR did, you can expect to see the government order everyone to turn in their gold, just before the final stage of the dollar's implosion. It is chilling that there are about 18 months until this provision takes effect, and that Lindsey Williams, Gerald Celente and other forecaster have been repeating the first half of 2012 as the likely target for complete economic collapse in America and the death of our dollar. Read what the verminous FDR did, and how clever it was for his globalist bosses:

"Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933 all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce."

"The price of gold from the treasury for international transactions was thereafter raised to $35 an ounce. The resulting profit that the government realized funded the Exchange Stabilization Fund established by the Gold Reserve Act in 1934."

"The regulations prescribed within Executive Order 6102 were modified by Executive Order 6111 of April 20, 1933, both of which were ultimately revoked and superseded by Executive Orders 6260 and 6261 of August 28 and 29, 1933, respectively."

Can you see what he did? All citizens were ordered until federal penalty to turn in all their gold by May, the exception being "antique" coins older than a certain age, for $20.67 an ounce. Having confiscated all the American people's gold, the price was then arbitrarily raised to $35.00. Artificially raised, because in a free market a sudden flood of new gold that size into the exchange market would necessarily cause the price to plummet, not nearly double. Then, with all that profit in their pockets, the globalists told FDR to rescind the Executive Order, which he did in August.

Americans were again allowed to buy gold, only if they chose to do so at that time, they had to pay nearly twice what they would have five months previously. See how the shell game works? The financial markets are entirely rigged, and they will be used to pry away the last remaining bits of wealth still in private hands in this country. At least the globalists do what their twisted sense of morality tells them that they always must -- in some way, no matter how cryptic, tell people what is planned to be done to them.

Just like the Japanese took out ads in the Honolulu newspaper one week before attacking Pearl Harbor, naming the target, day and time of the impending attack... Just as the Germans took out ads warning not to travel on the Lusitania... Congress has told you, hidden within their massive 2000+ page health scare deform bill that if you wait until 2012 to buy gold, your purchase will be recorded and subject to possible confiscation, or at best, FDR-style, forced sale to the government at a loss.

If you didn't believe before that buying gold now was a good idea, take this lesson of what's coming in the future along with lessons from the past century, add to those the certainty that this story, once widely known, will itself raise the price of gold higher as people scramble to buy it before 2011 is over, and you have a very convincing scenario. I haven't checked today, but at this time yesterday gold had dipped slightly below $1200 again. It's still a great buy at that price.

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