Feeds:
Posts
Comments

JPMorgan Chase Increases Its Silver Holdings Tenfold!

What Does JPMorgan Know That We Don’t?

  • In 2012, JPMorgan held 5 million ounces of SILVER.
  • In just 3 YEARS, they’ve increased that amount to 55 MILLION OUNCES!
  • CEO Jamie Dimon wrote to shareholders, “there ‘WILL BE’ another crisis, and its ‘IMPACT’ will be felt throughout the financial markets.”
  • Historically, SILVER has been a hedge against volatile stocks, government debt, and geopolitical tensions.
  • Currently, silver is trading BELOW its all-in production costs.
  • WARREN BUFFETT famously bought 30% of the above ground silver supply in 2002 when prices were similarly low and DOUBLED his money 2 years later!

While you might not time the market as well as Buffett has, you won’t want to speculate, just hold precious metals in coin form for long term preservation of wealth. Don’t think the Wall Street gurus don’t do the same—they just don’t want competition to drive up the price before they buy!

Who is the largest individual holding gold for preservation of value against depreciating currency?

GEORGE SOROS!

Isn’t it time you considered owning physical silver?

This is not intended to provide investment advise or endorse any firm or individual for investment consultation or purchase. Gold and silver investments are subject to volatile movements in price and cannot be depended upon for profitable speculation.

AZ-Senate

Arizona Legislature in session

Please help pass Arizona’s SB 1141 legal tender; taxation; regulation and SB 1423 gold and silver coins; taxation bills; Sen. David Farnsworth (R), a constitutionalist, is the sponsor. Both of these bills passed the Senate Financial Institutions Committee; we thank these forward thinking legislators who voted for Progress.

Now it must pass in the full Senate.

These bills remove the state capital gains tax (as 30 other states have done) and define constitutional legal tender to establish gold and silver coin for use in the marketplace as currency. If someone chooses to sell one’s precious metals holdings, one will choose a non-tax state and not Arizona. We lose the business; let’s keep it here.

Although the U.S. Constitution already legalizes gold and silver coin as tender, this brings Arizona into compliance with U.S. Code for coinage used in commerce, and makes Arizona competitive with other states.

You can help by a quick phone call and/or email. Comments to Gov. Doug Ducey’s office encouraging him to sign the bill can be made at http://azgovernor.gov/governor/form/contact-governor-ducey.

We know these bills are necessary to help Arizona prosper! We need as much testimony to legislators and the governor’s office as we can obtain.

Call or email the bill sponsors as well! The complete list of legislators can be found at Senate and House.

Please forward this to those of concern and contact me if you have any questions; we surely can benefit from your support and promotion.

For more information see →www.ArizonaSoundMoneyAct.Wordpress.com

The working families in America suffer from the hidden curse–depreciation of their hard work held as paper currency medium of exchange and savings.

The Founders of these separate but United States cried ‘Foul’ on the state or state approved banks issuing paper notes instead of specie (gold and silver coin) because, they claimed, such was too easily subject to abuse and dishonest manipulation for the benefit of the issuer. History backed them up at the time, and has borne them out since.

To see a brief story of how Labor Unions were the loudest opposition to paper ‘money’ read the PDF, Legal_Tender_Presentation_2016.pdf

This presentation was given to the Senate Financial Institutions Committee in support of Arizona’s SB 1141 legal tender; taxation; regulation and SB 1423 gold and silver coins; taxation bills.

Call or email your support to keep more of your hard-earned labor/savings intact. Contacts are listed in the previous post.

→Arizona Strikes Gold with SB1141 and SB14232←

Please help pass Arizona’s SB 1141 legal tender; taxation; regulation and SB 1423 gold and silver coins; taxation bills.

They will be heard in the Senate Financial Institutions Committee TOMORROW February 10, 2016 at 2:00 pm in room SHR 109.

These bills remove the state capital gains tax (as 30 other states have done) and define constitutional legal tender to establish gold and silver coin for use in the marketplace as currency. This brings compliance with U.S. Code for coinage used in commerce. For more information see  →www.ArizonaSoundMoneyAct.WordPress.com

You can help by attending the committee hearing, providing testimony (usually 2-5 minutes of talking points), posting your support using the Request to Speak system (instructions on the website) or a quick phone call will suffice. Comments to Gov. Doug Ducey’s office encouraging him to sign the bill can be made at http://azgovernor.gov/governor/form/contact-governor-ducey.

Sen. David Farnsworth (R), a constitutionalist, is the sponsor; Sen. Gail Griffin (R) is another constitutionalist. Sen. Farley (D), Sen. Sherwood (D) and Sen. Dalessandro (D) want to see how this creates jobs and benefits their constituencies. Sen. Driggs(R) is conservative and comes from a banking family.

We know these bills are necessary for Arizona to really prosper! We need as much testimony to legislators and the governor’s office as we can obtain.

Senate Financial Institutions Committee

Andrea Dalessandro LD 2 (D) Send Email
adelassandro@azleg.gov
Rm 312 602-926-5342

Susan Donahue Vice Chair LD 5 (R) Send Email
sdonohue@azleg.gov
Rm 304 602-926-4138

Adam Driggs LD 28 (R) Send Email
adriggs@azleg.gov
Rm 309 602-926-3016

Steve Farley Assistant Minority Leader LD 9 (D) Send Email
sfarley@azleg.gov
Rm 213 602-926-3022

David C. Farnsworth Chair LD 16 (R) Send Email or dfarnsworth@azleg.gov
Rm 304 602-926-3020

Gail Griffin
Majority Whip LD 14 (R) Send Email
ggriffin@azleg.gov
Rm 212 602-926-5895

Andrew C. Sherwood LD 26 (D) Send Email
asherwood@azleg.gov
Rm 305 602-926-3028

The complete list of legislators can be found at Senate and House.

Please forward this to those of concern and contact me if you have any questions; we surely can benefit from your support and promotion.

We are not trying to teach the U.S. Constitution or End the FED with these bills; we are just starting the conversation with a foothold to remove capital gains taxes on money as is the position of 30 other states. If more legislation is required to fix anything, we can do that later. Let’s get used to ‘specie’ currency in the cash drawers and on the full reserve electronic debit cards (you can buy one at the grocery store).

Simple talking points to use with those who are interested can be found on other pages on this site.

Email or call your Arizona legislator NOW.

Read More:

Will Dollars Save the WorldArgentina_Post_CollapseCase for a 100 Percent Gold DollarDeflation and LibertyGertrude Coogans Bluff Greenback Populism as Conservative EconomicsGold and Economic Freedom-A GreenspanGold and the Gold StandardGouge On Paper MoneyHayek on Money- Let the people chooseHIDDEN SECTETS OF MONEYHonest Money second edition 2015IMF Pushes Plan to Plunder Global WealthLess than Zero The Case for a Falling Price Level in a Growing EconomyLudwig von Mises on Money and InflationMises on MoneyMyths of the Great DepressionOn the Origins of MoneyProperty Money and FreedomThe Incredible Bread Machine R W GrantThe Monetary Sin of the WestTHE MONEY ISSUE-A MEMORANDUM OF LAWThe Theory of Money and Credit Study GuideThe Underground EconomyThe-Gold-Standard-Domitrovic2Triumph of Gold_Vol_3Understanding Economic Principles — What Is Money Inflation Federal Reserve Free MarketUS Redistribution of Wealth 01.2VieraTexasLawReview-ForgottenConstitutionWhat Is a DollarWhat Is Money By Robert WelchWhatIsMoney

PLEASE HELP pass Arizona’s HB2173 making gold and silver legal tender in Arizona by contacting Gov. Ducey to get behind the Arizona Legislature and SIGN THE BILL INTO LAW! http://www.azleg.gov/legtext/52leg/1r/bills/hb2173h.pdf

BACKGROUND
More than 15 states are in the process of re-establishing precious metals currency as an option to Federal Reserve Notes for payment of debts, goods and services.

Right now, if we use silver coin specified in the U.S. Constitution to pay for gasoline, we would have to pay an erroneous additional tax on the transaction in addition to state sales tax as though we “profited” from the sale of silver which we bought years ago at a lower price in DOLLARS.

The Dollar greatly changes value, but not the silver. This is why the Founders of our great nation specified using precious metal-backed currencies instead of paper money printed without anything you can exchange it for at the bank.

Utah and Oklahoma already passed this law and Arizona passed this March 2015 for the second time in. This is happening across the nation; Arizona’s bill is waiting for the governor to sign it into law. Gov. Ducey needs to hear from YOU.

TAKE ACTION

Please email and call to leave messages to Gov. Doug Ducey at (602) 542-4331 (press 2 to leave a message) and ask those in your email and phone circle of friends to do so.

Website is www.azgovernor.gov and click on “engage” and follow instructions for email messages.
http://azgovernor.gov/governor/form/contact-governor-ducey

TALKING POINTS TO USE:

  • HB2173 was passed nearly unanimously by the majority party in both Arizona Houses. By signing it into law, Gov. Ducey has the opportunity to bring Arizona into compliance with Article 1, Section 10, clause 1 of the U.S. Constitution, and to help bring financial solvency to many who wish to voluntarily use gold and silver as money.
  • One of the functions of the State of Arizona is to protect the liberty of its citizens. We cannot have liberty without private property rights being protected. And private property rights cannot be protected without sound money that maintains its purchasing power over centuries and even millennia. This is why our Country’s Founders stipulated gold and silver coin as tender within the Constitution.
  • To facilitate this compliance, HB 2173 offers Arizona citizens a choice of tendering gold and silver without the debilitating obstruction of taxation as property – which prevents its use as money. Thus, if a private citizen saves gold and silver for retirement then years later he or she will still be able to purchase approximately the same goods with it as he could when he started saving.
  • This of course cannot be said for the constantly diminishing purchasing power of our current Federal Reserve Notes. Thus HB2173 is a way out for Arizonans in the very likely case that the Federal Reserve Note fails when found worthless due to inflation and the crushing weight of the national debt.
  • To veto this bill would also be violating the U.S. Constitution Article 1, Sec. 10, Clause 1 provision that “No State shall…pass any…Law impairing the obligation of contracts…”
  • Current federal and state capital gains taxes impair Arizonans’ free use of constitutional money, if they wish, as a contract between two or more law-abiding citizens.

IS THE BILL REVENUE NEUTRAL, REVENUE NEGATIVE, OR REVENUE POSITIVE to the State?

  • This requirement of all bills must be met. If the State of Arizona would be taking any meaningful loss in revenue by cancelling its 3% capital gains tax, we could not find any figures from the State Treasurer’s office or the Dept. of Revenue to show it! It’s not even traceable!
  • When it becomes law in Arizona, HB2173 will do exactly the opposite in the long run – that is, it will be revenue positive by bringing in business. People will begin to recognize that Arizona’s money is real and that it is not subject to inflationary loss in buying power as is the Federal Reserve Note. This will result in financial stability among those who choose to contract, invest or trade by using gold and silver. Arizona especially will benefit from this proven stability against inflation.

Choice in currency is a natural right recognized in both the U.S. and Arizona Constitutions. Let’s make this choice today. CALL OR EMAIL GOV. DUCEY TODAY and let him know if you are a PC!

The U.S. Constitution Article I Section 10 purposefully states (“No State shall …make any Thing but gold and silver Coin a Tender in Payment of debt[,] …”)

HB2173 which restores gold and silver coin as money pursuant to such, passed the Arizona Senate in March 2015.

WHY DOES THIS MATTER?

  • Money determines how goods and services are traded in an economy.
    In a free economy people can choose what they use for money. Our founders provided gold and silver coin as money which was known to be universally accepted. And such coins when standardized in weight and purity maintained their buying power. When people used gold and silver coin (commodity currency) as money–it was money.

On December 23rd 1913 Congress introduced fiat currency which was issued as paper bills and ledger entries initially redeemable in gold and silver coin. From that date until April 5, 1933 people could choose to use either gold and silver coin or fiat bills and ledger accounts in Federal Reserve member banks (both) as money.

From that date until January 1, 1964 U.S. Citizens could choose to use silver coins OR Federal Reserve fiat bills and ledger accounts as money. But since January 1, 1964 U.S. Citizens could no longer choose to get coin having 90% silver in exchange for their paper bills or ledger entries from the United States Mint.
Fiat currency is the means by which private central banks finance government outside and independently from the economy.

  • With fiat currency the central government can spend money it does not have and tax industry less than the money that was spent. Fiat currency private central banks can issue at will regardless of the production of goods and services by the economy. That is why tax debt can EXCEED 100% of the Gross Domestic Product.

Consequently private central banks (who are not the participants in the economy) maintain and exert authority over the legislated and constituted government through fiat currency. That makes the economy (and the people who make it happen) servant to those very same private central banks.

THE DIFFERENCE IS…

  • Gold and silver coin are finite (limited quantity) tangible commodities which cannot be issued by fiat.

As such, banks and governments must depend upon the economy (which is the production and trade of goods and services ) paid for with these tangible finite commodities. That makes the private central banks and government servant to the economy and the people who make it happen.

  • HB2173 restores gold and silver coin as a choice of money which, BECAUSE IT IS MONEY, cannot be designated a taxable capital gain since it merely preserves purchasing power by being an alternate form of your labor!

This has the potential to restore private central banks and central government as servants to our economy rather than our economy servant to private central banks and central government.

Please make the restoration of gold and silver coin a legacy of this administration; sign this bill into law.

Generations in Arizona after ours will thank us for our compliance with the Arizona and U.S. Constitutions, protecting our earning power when placed in trading form.

TAKE ACTION

Please email and call to leave messages to Gov. Doug Ducey at (602) 542-4331 (press 2 to leave a message) and ask those in your email and phone circle of friends to do so.

Website is www.azgovernor.gov and click on “engage” and follow instructions for email messages.
http://azgovernor.gov/governor/form/contact-governor-ducey

CALL OR EMAIL GOV. DUCEY TODAY and let him know if you are a PC!

HB 2173, sponsored by Rep. Mark Finchem, would eliminate taxes on the exchange of gold and silver coins.  HB 2173 will be heard in the House Federalism and States’ Rights Committee on Wednesday, February 4.  Please send quick emails to these committee members TODAY, asking them to support HB 2173:

Rep. Bob Thorpe   bthorpe@azleg.gov

Rep. Noel Campbell  ncampbell@azleg.gov

Rep. Darin Mitchell   dmitchell@azleg.gov

Rep. Ceci Velasquez  cvelasquez@azleg.gov

Rep. Kelly Townsend  ktownsend@azleg.gov

Rep. Rebecca Rios   rrios@azleg.gov

Rep. Bruce Wheeler  bwheeler@azleg.gov

And please send a quick thank you e-mail to Rep. Finchem at mfinchem@azleg.gov for pushing this bill!

Follow

Get every new post delivered to your Inbox.

Join 413 other followers

%d bloggers like this: