Guest Post by Martin Armstrong
Several US states are considering legislation to reclassify gold and silver as money rather than commodities. Bills filed in Oklahoma and Missouri aim to eliminate state capital gains taxes on the sale of gold and silver, and to treat these metals as currency. Other states like Arkansas and Utah are also considering introducing similar legislation. The proposed laws also include provisions to authorize the state to invest in gold or silver and to prevent state entities from seizing gold or silver bullion.
These measures are seen as steps toward reducing barriers to using gold and silver as money and lowering the investment cost of precious metals. On the plus, gold and silver may be used in transactions without an additional fee. If I purchase something for $100, I am not charged an additional fee for using USD – but let’s not give the government any ideas. Proponents of the bill say the Federal Reserve has a monopoly on our banking system, and deeming precious metals legal tender would prevent the central bank from having total control over fiat currency.
Not so fast – the government will not relinquish their control over the monetary system. They have told us their plan for digital currencies and deeming gold and silver currency will only make it easier for the government to confiscate. The entire problem that people do not grasp with regard to any return to a gold standard is that if the money supply is FIXED in any way, that necessitates the collapse of SOCIALISM. The two are directly linked. Politicians only know how to run with deficits. “Vote for me and I will give you everything!”
AFTER CHRISTMAS DEALS
The Bretton Woods gold standard collapsed because they FIXED the price of gold at $35, but they continued to print money far beyond the supply of gold at that fixed price. Then there is the largely ignored business cycle. No matter what the money might be, there will be boom times when the value of money declines and the asset values rise. There is a natural course of a business cycle to the economy you cannot flatline or eliminate no matter how many schemes you invent from central banks, Keynesianism, Monetarism, Socialism, or Communism. It just cannot be accomplished.
The problem is not the physical money we use. The problem is that governments continually abuse their power and recklessly dive deeper into debt with each new spending package. Bretton Woods collapsed, as did every attempt to create any monetary system of some fixed value. Yes, they are not considering a gold-backed system here, but deeming gold and silver legal tender misses the mark. Gold and silver were hedges AGAINST government. The people have been able to use commodities to trade amongst themselves since the dawn of civilization. This legislation permits the government to intervene and naturally impose regulations.
The year 2025 will bring a turning point in Marxism as we reach the midpoint of the 224-year cycle (1913-2025).
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Abolish the state.
THE GOLDBACK® is the world’s first physical, interchangeable, gold money that is designed to accommodate even small transactions . . .
A sound reason for Goldbacks.
Gold has risen ~30%, in the four largest currencies, during the last five years.
“The Goldback solves a 2,600 year old problem in that gold can be spent in small, interchangeable increments.”
They’re Fungible
Fungible means you can always exchange two Five-Goldbacks notes for one Ten-Goldbacks note.
Also, whether you’re buying 10 or 1,500 Goldbacks, you know the price will be 10 or 1,500 times the current Goldback Exchange Rate.
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GOLDBACKS: OUR SECRET SAUCE:
• Do not need someone else’s approval to spend.
• Do not specify where they can be spent, or what they can be spent on.
• Are anonymous — there is no need to know who you are to spend them.
“Goldbacks are not a promise to pay in gold, they are the gold!”
https://www.goldback.com/
Good stuff. I gave these away as Christmas presents.
Yep, I did too Will…also gave Silver…but my family has come to expect that with me…the grandson gets Tuttle Twins books (my daughter makes sure he reads and understands them) cartoons, and even a Tuttle Twin Christmas ornament this year:
https://www.angel.com/watch/tuttle-twins
ARE YOUR KIDS BRAINWASHED?
Our children’s books help you teach your kids how the world really works…
Nice idea, but last time I looked those things were outrageously priced. A New Hampshire 1 Goldback note is over $6.00 usd for 1/1000 oz of gold. 1/1000 oz of gold right now is $2.00. I don’t get it.
Try defy the grid for a slightly better deal, the 1’s tend to be marked up excessively at the big bullion houses
Mr. Smith,
Then don’t buy the 1’s.
But at all means buddy be/get defiant!!!!
I figured not to long back they were 2x spot, somebody else said 3x by the time you put on shipping etc.
Goat,
See what I said to freddy U – Turn.
Build a PM foundation before you go lofty…
Freddy U.,
I have been MACRO stacking silver since 1983, and gold since 1999.
Goldbacks are new, unique, fungible (for this wealth asset at a level never seen before) and offer an intriguing ‘unexplored path’ to go around and help destroy fiat serfdom/slavery.
I don’t know where it is going…but I love the direction!
Backed by four states besides taking a position with some ‘play fiat’ (that I think will soon become toilet paper) I have bought some Goldbacks I gave as Christmas gifts, but mostly to take a MACRO position in at their highest value offer for myself.
I wouldn’t touch them if I didn’t have every other PM category lashed, stashed, and lost in a tragic boating accident!
Don’t miss the forrest for the FED BANKSTER TREES Freddy do a…U-turn.
I get the Goldbacks for 4$ from LCD. Seem em on JM for 3.66 if you by 100 pack might be a bit more now.
I’ve done some but prefer old us gold 20$ vfs best gold for the buck out there
Otto- I think 1/1000 of a troy ounce of gold is worth $2.07, $4 is a hefty premium , just sayin’.
How many for one Visa fiat credit?
flash,
What ever that amount is…it will soon be worth more than fiat nothing.
“. . . gold (that) can be spent in small, interchangeable increments. . .”
It’s called Silver
You’re welcome! 😁
Or copper.
As I said above: I have been MACRO stacking silver since 1983, and gold since 1999.
Goldbacks are new, unique, fungible (divisible for this ‘wealth asset’ at a level never seen before) and offer an intriguing ‘unexplored path’ to go around and help destroy fiat serfdom/slavery being brought GOLD (in all its forms) are a store of WEALTH….Silver is real DAY TO DAY MONEY and those without wealth should park some (soon to be worthless) fiat IN SILVER…plus Silver will have more on the upside in the coming attempt to force the masses of asses into the Bankster End Game of CBDCs
CLICK HERE FOR 1,000 WORDS!
https://mail.google.com/mail/u/0?ui=2&ik=04118f3047&attid=0.1&permmsgid=msg-f:1622760055581909282&th=168533ac3ca72122&view=fimg&fur=ip&sz=s0-l75-ft&attbid=ANGjdJ_DxKtdQL5p2ZjmZanLOd0O0LFhSooj_G5uCj-76yJaY7ac-EcIzLzFipeU4hotzgJ5YDzv8AgmFSAfoEuBlO89O97nScy5l1ADsnwLhYGWS9GVJv8DfOYAs2s&disp=emb
Here are some fun facts and statements:
GOLD is the money of Kings.
SILVER is the money of Gentleman.
BARTER is the money of Peasants.
DEBT is the money of Slaves.
Norm Franz, Money & Wealth in the New Millennium: A Prophetic Guide to the New World Economic Order.
• “Paper money eventually returns to its intrinsic value — zero.”
Voltaire (1694-1778)
• Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: ‘Account overdrawn’.”
~~Francisco d’Anconia from “Atlas Shrugged” by Ayn Rand
• At the moment gold is the arch enemy of the fiat-regime. And people at large have short memories. 3 to 4 generations and they repeat the same behavior. The great depression is now so old, it is about to repeated. Gold is obviously the only real portable wealth that will become glaringly obvious in the coming time.
• What would you prefer digital numbers controlled by the Banksters such as this: 01010100 01101000 01100101 01110011 01100101 00100000 01100001 01110010 01100101 00100000 01100001 01110011 00100000 01110111 01101111 01110010 01110100 01101000 01101100 01100101 01110011 01110011 00100000 01100001 01110011 00100000 01110000 01100001 01110000 01100101 01110010 00101110………………………………………..Or Gold and Silver IN YOUR HANDS?
• Great scheme. Create paper and tell people it’s backed by gold. Dump the paper to lower than price of gold and buy up the gold.
• Over the long term, gold’s value is remarkably stable. Its price in fiat can rise without limit.
• Gold is beautiful to look at. Gold is real money created by God. Gold has a 5000 year history as a store of value. No wonder central banks and the wealthy are buying it.
• Look up all other nation’s paper currencies prices in terms of gold. It is easy to find, if you wish to see those charts. What you will see they look like a hockey stick. The US Federal Reserve note does not show that, yet. The reason: our currency is the World’s Reserve Currency, ‘for now’. The day that changes our currency will look like a hockey stick, as well. This event will happen in-a-blink-of-the-eye, as in over-night. It will happen, and possibly sooner than most people realize…defiantly sooner than all the masses of asses – AKA- NORMIES have a clue about.
• Zero counterparty risk with gold.
• Don’t think of gold going up. It’s fiat going down with the collapse of the Ponzi.
• Over the long term, gold’s value is remarkably stable. Its price in fiat can rise without limit.
• Gold is not a commodity per say. Gold has always had the same value. When gold was 35 oz., it would by a large steer, or a nice Italian suit. Today gold at 2,000 an oz. still buys the same steer or Italian suit. It’s not the gold that has increased in value, but amount of devalued dollars to purchase it.
• “I buy gold because gold is the only form of money that is not simultaneously someone else’s liability.” That is the most sincere and solid reason of them all. It’s not a form of money, it’s the only true money.
• Everything we hope to witness in the way of gravitational leveling of fiat-currency “money” will be a very gradual process. Only some cataclysmic event would cause drastic fluctuations one way or the other. It took generations to build the pseudo “trust” in our unbacked-by-material-commodity-world-currency-fiat-paper system. Its disintegration will also be gradual. However, I do believe that a point of understanding will be gleaned by a critical mass of the plebs and THEN – the exodus from dollars into gold and silver will become an unstoppable flood. No one knows how this will all play out. But, it’s a pretty sure bet that it will be both chaotic and violent. People will clamor for safety toward some form of fungible exchange vehicle. Paper currency will no longer hold the “trust” of these countless minions… and only barter and REAL money GOLD & SILVER will suffice to facilitate trade.
CLICK ON TO ENLARGE:
The Banksters are getting ready and buying dump truck loads of Gold:
RECORD GOLD BULLION BUYING BY CENTRAL BANKS THROUGH Q3 2023
Here is the video’s bullet point hard copy.
https://sdbullion.com/blog/record-gold-bullion-buying-by-central-banks-through-q3-2023
Here is an interesting duo combining…the Secularist and the Biblical Cyclist:
Actually, copper is the money of peasants. Barter is barter, it isn’t even considered money. Slavery might be considered a form of barter. In exchange of your labor, we will trade you permission to live. Sounds pretty much the system we have today, more so day to day.
That’s why they killed silver in ‘64. They concluded in a fiat system all currency had to be junk, none could be hard money. Inflation killed our coppers and at this point there isn’t a metal suitable and available to do the work copper once did, because fiat always returns to its intrinsic value. Perhaps clay tokens might work.
And yet, we have a more or less working copper standard in the current coin. And more copper could be added. But we don’t even use it when our lives may depend on it.
The BIS/Central Banks will kill anyone who threatens their system of enslaving humanity. The power to create money (it’s currency, not true money) is perhaps the most powerful force on the planet.
Until they are defeated, they will rule and commit atrocities across the planet.
Central Banking is the most immoral power and fosters the theft from everyone to shovel the said currency to the owners of Banking, bond and stock markets, which they themselves own.
It’s diabolic and not 1 in a 1,ooo,000 understands even the most basic of these “money ” creation ,concepts.
Steve,
Buy this for kids and you will find out (if you follow up and they actually read it and their parents look it over) you can start the process of pulling the parents head’s out of their dumbed down assess.
THE TUTTLE TWINS AND THE CREATURE FROM JEKYLL ISLAND $5.88
Markets come to life in the third installment of the Tuttle Twins series, with Ethan and Emily exploring a farmer’s market and county fair to understand just how controlling the Creature from Jekyll Island can be.
But what is the creature—and why can it raise prices and steal people’s money? And what exactly is money, anyway? Your children will discover the answers to these and other questions in this engaging and energetic book!
Monetary policy, central banking, inflation, and other important topics need not be boring—let Ethan and Emily make these ideas accessible and exciting for your children.
Under $10.00…priceless!
BULLSHIT !!! Gold and silver are real money. If any govt. tries to interfere with that then it is up to the people to abolish said govt. by any and all means necessary.
All communist propaganda
The underground GOLD as cash movementhas been booming in Ohio since the FAKE virus HOAX of 2020
Todd
Ohio university
Athens
“if the money supply is FIXED in any way, that necessitates the collapse of SOCIALISM.”
That is the big reason why so many people like BitCoin. No one should have the power of monetary creation without a cost approximately equal to monetary value. In other words, it needs to cost about a dollar for anyone with the ability to create a dollar. Otherwise they can create endless dollars to rig the markets. Once the monetary system is rigged, EVERYTHING is rigged. Every buy, every sell, every stock, every bond, every paycheck, every purchase, every investment, every gift, every trial, every campaign, and every election. There can be no freedom, no natural rights, no fair marketplace, no legitimate rule of law without honest money.
Nolan- What does one use to buy Bitcoin?
The state can authorize or not authorize whatever it chooses. Feel free to do what you will at the state level. Your masters will dispose of your decisions as they will. Within the limitations we put on ourselves the people will do as we choose.
If the game seems worthwhile people will play, if it loses its value people will stop. Why are there so many jobs going begging while there are so many beggars on the street? Self interest, as ignorantly, shortsightedly, rudely expressed as it is. They have found the game of beggar on the street more remunerative than the game of wage slave. So be it.