The "House of Cards" Financial System depends largely upon how much faith people have in the U.S. Dollar and how much faith they have that the system is safe.
There are cracks appearing everywhere now, and the masses are being exposed to new thinking about the fragility of the system and about money. People are asking questions like: "If the government can print as much money as it wants, then why do I have to pay income taxes? Why do I have to pay sales taxes, property taxes, capital gains taxes? Why am I taxed to live and taxed when I die? Etc., etc.
About a week ago, the state of Nebraska became the 12th state in the U.S. to end capital gains taxes on sales of precious metals. The senator who sponsored the bill stated:
"Gold and silver are the only forms of currency mentioned in our Constitution and with that comes the people’s ability to use it as such without penalty from the government. Saving, and using, gold and silver is our right and one of the only checks and balances to our federal government’s unending devaluation of our paper currency."
At the federal level, U.S. Representative Alex Mooney just introduced legislation to remove federal income taxation from the sale of gold and silver.
Mooney stated:
“My view, which is backed up by language in the U.S. Constitution, is that gold and silver coins are money and are legal tender."“If they’re indeed U.S. money, it seems there should be no taxes on them at all. So, why are we taxing these coins as collectibles?”
God bless,
Century Silver Exchange
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