Is There a Shortage of Gold in Europe? Will It Be Confiscated?
Some people have misread my posting on an observation in Spain. The retail sale of gold coins was virtually nonexistent in Spain. This is not a shortage of gold. In Italy, bullion coins were being sold in stores. It is France that is after gold coins, demanding no cash sales and reporting on buyers and sellers. Even the rare coin shows have left Paris for the dealers refused to comply with such reporting. The French were driving to Belgium to deal in gold and the French government was complaining about that.
Even the banks are requiring explanation for every deposit in an account to get a mortgage in the USA. Gold refiners are now required to report to the U.S. government every shipment of gold, reporting where it comes from and where it went.
They seem to be keen on watching gold bullion. The question is why? That seems to be clear from the standpoint of eliminating any alternative if they seek to move toward a cashless society. Look at the former speaker of the House, Dennis Hastert, who has been charged with lying to federal agents and evading financial reporting requirements called STRUCTURING, reportedly while attempting to conceal past sexual misconduct. This is the same money that you have paid taxes on, but you are withdrawing it in cash to pay off someone else. So you withdraw cash in amounts under $10,000 to avoid reporting. So this is NOT tax evasion; this is failing to tell the government that you have paid someone in cash and they didn’t pay their taxes.
So can they make gold illegal? Only a fool would say no. If it is illegal to pay someone in cash, they will make it illegal to pay someone in gold. This is the direction we are headed in. This is not a personal attack on gold. Sure, the gold promoters will say I am wrong for they are afraid it might reduce the whole idea of buying gold as an alternative to dollars. But this is the world we face. They are closing in the net from every possible angle. It is not just gold. This is hunting spare change in any form.
Does it mean you should not buy gold when the low comes into play? No. But it does mean there may be a risk to owning gold as it will be made illegal to conduct business. Keep in mind that they cannot imprison you for NOT paying your taxes. That would be unconstitutional. They imprison you for failing to tell them you owe taxes. It is the failure to file – not pay.
In this respect, silver coins may be a hedge. Gold coins, as in $20 gold pieces rather than bullion coins, may be better. Anything that distinguishes what you have from just bullion.
Will they confiscate? History repeats because the passion of man never changes. We have to understand that this is an economic meltdown. They will not go quietly into the light. They will scream and rage all the way.
The Collapse of Obama’s Trade Deal May Be the Start of the Split in Republicans
The word from the Hill is very interesting. The minority conservative Republicans are starting to revolt against Boehner – the destroyer of the Republican Party. If there are two of the worst possible people we could ever have in politics, it is Obama and Boehner. The word around the Hill is that this may be the tipping-point.
It would be wonderful if Rand Paul came to his senses and took a Third Party spot, for Boehner will NEVER allow him to take the lead in the Republican Party. It was Boehner who kicked out anyone who supported his father from every financial committee. He also refused to allow his father’s name to even be nominated at the Republican Convention. This guy is ABSOLUTE pure EVIL in spades. People do not know what throats he cuts behind the scenes.
Rand Paul stands ZERO chance of getting the Republican nomination. He should be realistic and take up a Third Party Libertarian spot. He just may find there is a huge split in the Republicans who will follow. Then we can feel confident in knowing that he did not have to make so many deals, or kiss so much ass to get the nomination. No less accept buckets of money from NY banks to screw the world at large.
(see also: National Review)
Expect Real Estate Mortgages to Become a Nightmare
As a result of Title XIV of The Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (another agency to complicate matters) issued a number of mortgage related rules that are not actually voted on by Congress. They will impose far more paperwork and raise the cost of mortgages, while the Dodd-Frank portion to actually reform bank trading was vacated. As of August 1, 2015, we now have a new agency to comply with to get a mortgage and this should help to cap the real estate rally for the average American by sending prices back down.
Government is great at expanding its own powers when it takes payoffs behind the curtain to allow the same conduct that created the problem. More government jobs and pensions. It never ends.
The Hunt For Money Is Everywhere
COMMENT:
Hi Martin,
Long time follower.
I just bought a house in TN and I had the experience of proving where the money from a Vanguard account transferred into my checking account came from. The lender would not accept the Vanguard or bank account statements. I had to go to the bank and actually get the transmittal numbers and fax that to the lender. The personnel at my bank had never experienced this request before.
J
REPLY: The horror stories are pouring in. It is now evident that the government requires banks to trace every penny you have before getting a mortgage. This has NOTHING to do with terrorism; it is the entire purpose of the NSA grabbing every phone call, text message, and email. They are hunting YOU. The banks act as their agents, tracking what you are doing, and reporting back with the answers.
Perhaps now those who did not understand our SOLUTION and why the key central piece is to demonstrate that we no longer need taxes since money is no longer tangible. If we do not end federal taxation, we will be driven fully and completely into a subservient society, bowing before not kings or gods, but government employees begging for mercy.
It is a serious misconception to think of the ancient gods like Poseidon in the same context that we envision God today. They were never seen as a creator. They were more of a master race that played with humans. If you were going to take a journey by sea, Poseidon was more of the characterization or human embodiment of the sea. You went to his temple and prayed for him to leave you alone and grant you a save journey.
This is the way we are being driven to pray to government employees, “Please just do not take everything!” They are the embodiment of state greed; they have no mercy. They are converting bankers into the evil eye that reports everything you do to government. They have full immunity and as we have seen, they can kill us without ever facing a charge. This is precisely what Thomas Jefferson included in the Declaration of Independence:
“For protecting them, by mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these states…“
The Hunt for Cash – Police Have Become Revenue Agents With Guns
King John was forced to sign Magna Carta because he abused his powers and used the law to extract fines. That is why the revolt demanded trial by jury. Well, history repeats. Governments are abusing those same powers and are using the laws to harass people everywhere.
Never rent a car in Europe. They will send you tickets for everything imaginable. In Malaysia, they setup roadblocks and are pulling everyone over to see if they have any outstanding fines.
Driving to work, I was stopped by a roadblock twice. “PAPERS PLEASE!” The very same thing using the police to fund governments. If you have all your papers, do not owe money, and are not wanted for something, “PROCEED”. This is the new age of losing all our rights. We are the prey to be hunted by government employees to pay their pensions. This will not end nicely.
European High Court Rejects German High Court On ECB
The European Central Bank (ECB) may buy government bonds of member states to rescue the euro, according to the European High Court. This is in direct contrast to the German Constitutional Court, which rules that it violated German sovereignty. “The program does not exceed the monetary powers of the ECB and is not contrary to the prohibition of monetary financing of Member States,” said the European Court. This demonstrates that courts will rule based upon their own self-interest. However, this also now places the European Court in direct CONFLICT with the high court of Germany.
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