Federal Reserve

Minnesota Bill Would Expand Sales Tax Exemption on Gold and Silver; Take Another Step Toward Treating Them as Money

A bill introduced in the Minnesota House would expand the sales tax exemption on gold and silver to include bullion coins. The passage of this bill would relieve some of the tax burdens on investors, and would also eliminate another barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.

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Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

The legislation is a companion to SB100 in the Senate and would take several steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, eliminating the state capital gains tax on gold and silver, and establishing a state bullion depository.

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Alaska Bill Would Set the Stage to Treat Gold and Silver as Money

A bill introduced in the Alaska House would exempt gold and silver bullion from the state sales tax and make both legal tender in the state. Passage of this bill would not only relieve some of the tax burdens on investors, but it would also eliminate barriers to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.

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Mississippi Bill Would Take Step Toward Treating Gold and Silver as Money

The legislation would exempt from sales tax the sales of platinum, gold, and silver bullion that are valued solely upon their precious metal content, whether in coin or ingot form. This also includes numismatic coins that have a value of $1,000 or less, and numismatic coins sold at a national, statewide, or multi-county numismatic trade show.

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Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

The legislation would take several steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, eliminating the state capital gains tax on gold and silver, and establishing a state bullion depository.

The post Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.

Continue ReadingMissouri Bill Would Take Steps Toward Treating Gold and Silver as Money

Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

The legislation would take several steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, eliminating the state capital gains tax on gold and silver, and establishing a state bullion depository.

The post Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.

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South Carolina Bills Would Take Steps Toward Treating Gold and Silver as Money

Practically speaking, this would allow South Carolina residents to use gold or silver coins as money rather than just as a mere investment vehicle. In effect, it would put gold and silver on the same footing as Federal Reserve notes.

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The Central Bank vs the Constitution

The federal reserve is the engine that drives the biggest, most powerful government in the history of the world. We can trace its origins to Alexander Hamilton’s First National Bank in 1791. His arguments in support have provided legal cover to much of the monster state we live under today.

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Destroy the Economy, Win a Nobel

Bernanke was Fed chairman when the housing bubble, created by his predecessor Alan Greenspan in the wake of the bursting of Greenspan’s tech bubble and the 9-11 attacks, exploded. When the housing market collapsed, Bernanke worked with Congress and the Bush administration to bail out big banks and Wall Street firms.

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