Walter E. Williams, Professor of Economics, George Mason University
Have you ever heard of SB 3341? Probably not.
Have you ever heard of the "Precious Metals Registration Act"? Again... Probably not...
Do you know why you haven't heard of this... because the progressive state of Illinois doesn't want you to. They don't want you to know that it is an act that will;
"Create the Precious Metal Purchasing Act. That makes a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller.
It provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. It requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. It provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. It also provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties. It also authorizes inspection of records by local police departments and requires reports to law enforcement on a daily basis. The only exempt persons are those licensed under the Pawnbroker Regulation Act."
Now... what do you think of that...? That to me sounds like history repeating itself all over again... but this time the powers the be in Illinois are getting ahead of the coming economic collapse... but once this passes it will be a model for each progressive state in America. I've written about this before!
I think I find this so highly ironic as this month is the anniversary of Roosevelt's signing of executive order # 6102 that "Forbid the Hoarding of Gold Coin, Gold Bullion and Gold Certificates..." but worse yet it also required that most people turn their gold into the Federal Reserve bank for a terrible rate....
So ... when the Fiat currency fell... they confiscated real wealth and "re-distributed" it out to the world.
This to me is a major problem that is getting ready to happen all over again. The dollar is getting ready to crash again.. our enemies are going to make sure it will happen.
The BRICS are trading amongst themselves in their own currencies... and long time allies of the US are siding with China to not use the dollar as their reserve trade currency.
I truly believe that we are going to see collapse of the dollar within the next three years if we continue to allow a private bank to print 85 billion dollars a month to buy mortgage backed securities and continue to give us a currency backed by nothing.
It doesn't really matter what is going on in North Korea... if the money stops flowing... "The Event" that comes as a result of a collapsed economy will be 100 times worse than any saber rattling by a crazy little dictator.
Sure... the thoughts of an "Super EMP" have crossed my mind over the week... but the odds of that are pretty low... our destruction by our own fart-backed currency are more real and are getting us step by step closer to hyper-inflation, and a systematic world wide economic collapse that we will never recover from. But even then... if the "EMP" hits... guess what? Gold, silver and barter will be what people fall back on for currency!
I don't normally give you directions in my articles on what to do... but this time I am telling you I feel very lead to advise you this way... If you can buy your Gold or Silver now... do it... you probably wont loose... if nothing happens... great... you have real wealth that can turn it something better latter as it appreciates just has it always historically... But if SHTF... guess what you have something to barter / trade with. You have a historical currency that people give value... because our "money" we have right now will only be able to be used for toilet paper and tinder for our wood stoves or camp fires.
You don't have much time left... the experts like Jim Rogers, Peter Schiff and Mark Faber are telling you the same thing! If you haven't put the rubber to the road and begun preparing your family for what is to come... what are you waiting for?
I've posted this video from YouTube and I want you to watch it with the volume down (it plays some speed metal track in the back ground and is massively annoying) But the content of the video is simple but true! Gold and Silver are better hedges against wealth than stocks and bonds!
I leave you with this; Being prepared is biblical! God is OK with you being ready to make sure your family is OK, and please don't counter me with Matthew 6:25-27, God used those animals as examples of creatures who cant provide for themselves! Flowers can't provide for themselves, field mice barley eek out a living.
Jesus goes on in Luke 22:36 to tell his disciples; "But now let the one who has a moneybag take it, and likewise a knapsack. And let the one who has no sword sell his cloak and buy one."
You tell me... I think Christ realized what was coming at his people and wanted them to be prepared...
How about these?
1 Timothy 5:8 (NIV)
Proverbs 6:6 –11 (NLT)
“6:6 Take a lesson from the ants, you lazybones. Learn from their ways and become wise! 6:7 Though they have no prince or governor or ruler to make them work, 6:8 they labor hard all summer, gathering food for the winter. 6:9 But you, lazybones, how long will you sleep? When will you wake up? 6:10 A little extra sleep, a little more slumber, a little folding of the hands to rest—6:11 then poverty will pounce on you like a bandit; scarcity will attack you like an armed robber.”
Wake Up!
Get your family ready to be able to feed, cloth and defend themselves! Don't let the "robbers" take your ability to provide for your family away!
Remember ... "The Event" is on its way... we made it... but it is your job to over come it!
Until next time...
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