New Jersey Senate Unanimously Votes to End Sales Tax on Sound Money

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As you can see from the below article from the Sound Money Defense League, the New Jersey Senate has once again voted unanimously to eliminate tax on Sound Money. In the last session, both the Assembly and Senate were unanimous. The Governor pulled a pocket veto and squashed the bill. While we still need the bill to come out of committee and then to the Assembly for a vote, let’s hope that the Governor signs it this time. And if not the Legislature will push a veto to override the Governor.

Please consider contacting the Commerce, Economic Development and Agriculture committee here.

Please see below from article about New Jersey from the Sound Money Defense League:

(Trenton, New Jersey) — Senators in New Jersey have voted on Senate Bill 721 unanimously to end the sales tax on purchases of gold and silver.

For the second time in four months, the New Jersey Senate has voted unanimously to end their outdated practice of taxing sound money. The Assembly bill, A2812, is expected to receive a hearing before the Commerce, Economic Development and Agriculture committee soon.

Earlier this year, A5294/S1825 had passed out of both committees and both chambers of the New Jersey legislature without a single “no” vote. This popular bill had more than a dozen cosponsors and had unanimous approval in each legislative chamber. Despite this, Gov. Murphy chose not to enact the bill into law.

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VA puts illegals ahead of Veterans

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Migrants who trekked across the Rio Grande into the US surrender to the Border Patrol before being moved to a migrant facility for processing. James Keivom

Our warriors, veterans and service personnel are being pushed aside by the influx of illegals. Why would this administration allow the processing of ICE medical claims for illegals to overwhelm the Veteran’s Administration(VA) claims system? This use of the VA to process these ICE claims is causing our VA to backlog on needed benefits for Americans. This is another travesty of the influx of illegals.

https://nypost.com/2024/01/10/news/va-ripped-for-reimbursing-migrant-treatment-as-veterans-wait/

THE FINANCIAL SYSTEM HAS REACHED THE END

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By Egon von Greyerz

https://goldswitzerland.com/the-financial-system-has-reached-the-end

Here are a few of the SINE QUA NON (indispensable conditions) for gold ownership:

  • Gold must be held in physical form. No funds, ETFs or bank held gold. 
  • The investor must have direct access to his own gold bars/coins. 
  • Any counterparty must be eliminated whenever possible. 
  • Gold must be stored in ultra safe vaults outside the banking system. 
  • Gold should not be stored in a major city.
  • Gold must be insured.
  • Only gold that you are prepared to lose should be stored at home. 
  • Gold should be stored outside your country of residence and in a gold friendly jurisdiction.
  • The country where the gold is stored must have a long history of democracy, political stability and peace.  

Silver: A Sure Thing?

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Here is another wake up call to those whom are on the fence about precious metals, specifically $ilver and gold. Of course platinum and palladium are a play as well. A writer that I follow, Ted Butler has a long time understanding of precious metals market. His commentary is what I have quoted below.

Be sure to click the link below for the full story. Well worth it’s weight in $silver!!

The Code Red market emergency that I started writing about in July is very much in full force and about to make its presence felt.  The prospects of a price explosion are now better than ever, thanks to the unmistakable deepening physical shortage and the likely continued refusal of the 4 and 8 big shorts to add aggressively to short positions. That silver will explode in price in the not-too-distant future looks like a sure thing. Don’t let any last-minute price smashes scare you out of silver positions, as such rigged downdrafts would appear to be the tail-end of a 40-year epic silver price manipulation.

From Ted Butler

Efforts to Protect US Intensify Amid Global Shift From Dollar

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Calls from Congress and state houses to the private sector for out-of-the-box thinking, such as repegging the currency to gold or declaring precious metals to be legal tender, are growing.

https://www.theepochtimes.com/article/efforts-to-protect-us-intensify-amid-global-shift-from-dollar-5451294

Centralization & the Death of Capitalism, the Middle Class and Democracy

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Matthew Piepenburg

By Matthew Piepenburg
August 15, 2023

Matthew Piepenburg describes his visit to the united States and what he is seeing.

In this latest conversation with Tom Bodrovics of Palisades Gold Radio, Matterhorn Asset Management partner, Matthew Piepenburg, offers his latest assessments on the American economic and political decline.

Piepenburg opens with a sober critique of the slow-drip toward increasing but now undeniable centralization in American markets and society. The net result is an ephemeral yet tragic demise of both classic capitalism and true democracy. 

Instead, what Piepenburg sees now and ahead are more signs of a dystopian form of modern feudalism in which a political and financial minority operate behind a façade of liberalism as lords over a middle-class falling deeper into politically ignored serfdom. He unpacks the open marriage between corporate and governmental powers (weaponized/corporatized  media, science, justice system, markets, banking, currencies etc.) which more resemble Mussolini’s definition of fascism than the democratic ideals of America’s founding fathers.

Not surprisingly, the foregoing theme of centralization incudes the frog-boil toward more regional bank failures, the duplicity of the Davos crowd and the Trojan horse of CBDC, which Piepenburg describes as “horrifying.” Ultimately, Piepenburg sees an ironic yet undeniably cornered Fed whose alleged war against inflation will only create more inflation. Powell’s “higher-for-longer” policy to fight the CPI is only making Uncle Sam’s grotesque debt levels grow equally “higher for longer.” As a result, more mouse-click money will be needed to monetize this embarrassing bar tab, which by definition, means more inflation and hence currency debasement ahead—all of which is bad for America but good for gold.

Click below for video link.

The End of the Great Keynesian Experiment

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The US government has now morphed into a spending machine. Forget the fact that no new money actually gets printed, only digits in the computer ledger, now we have out spent the entire US government since our founding.

https://www.sprottmoney.com/blog/end-of-great-keynesian-experiment

Got Gold? Got $ilver? Get some before the great vacuum begins.