The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label legislation. Show all posts
Showing posts with label legislation. Show all posts

Wednesday, April 5, 2017

Texas now joins in on the rebellion as legislature submits bill to make gold and silver legal tender

2017 has been a watershed year so far for states desiring to break away (rebel) from irresponsible fiscal policies out of Washington, and diabolical monetary policies issued by the central bank.  By this we mean that more and more states are looking hard at the potential of having gold and silver as money in the wake of rising inflation and a devaluing dollar.

So far three states have either submitted or passed legislation allowing for the metals to once again be recognized and accepted as Constitutional money, and now we can add a fourth as the great state of Texas is currently debating a new bill to allow gold and silver to become once again legal tender.

A bill introduced in the Texas Senate would establish gold and silver as legal tender in Texas. Passage of the bill would create currency competition in the state and serve to undermine the Federal Reserve’s monopoly on money. 
Sen. Bob Hall introduced Senate Bill 2097 (SB2097) on March 10. The bill includes a number of provisions to establish gold and silver as legal tender in Texas. It declares specifically that  certain gold and silver coins are legal tender, and prohibits any tax, charge, assessment, fee, or penalty on any exchange of Federal Reserve notes (dollars) for gold or silver. The bill authorizes the payment of taxes and fees in gold & silver in certain circumstances. It would also prohibit the seizure of gold or silver by state authorities. SB2097 also included provisions relating to gold and silver clauses in contracts, prohibiting payment in dollars if the contract calls for payment in gold and silver. Legally enforcing these contracts through state law would serve to encourage their use. 
Along with the establishment of a Texas gold depository authorized in 2015, passage of SB2097 would set in place all four steps states can take to encourage sound money and take on the Federal Reserve. - 10th Amendment Center
Ironically Texas had already forged ahead with another important step towards allowing gold and silver to be used as legal tender prior to SB2097 when they created a gold depository a few years back, and ordered gold owned by the state's university system to be repatriated from the Federal Reserve.  And in fact they, along with Utah, are the only current states to have either a public or private depository to hold gold for use in commerce.

Sunday, April 2, 2017

Japan in process of setting framework to make use of Bitcoin and other crypto-currencies legal

In late March Japan's Accounting Standards Board began investigating and formulating the regulatory framework on how to integrate Bitcoin and other crypto-currencies into their monetary system.

Building upon legislation that legalized the use of crypto-currencies as far back as 2016, Japan is the largest economy to date to fully accept de-centralized digital currency, albeit with a demand for stringent regulatory oversight to ensure proper taxation, money laundering avoidance, and to protect against the potential of another Mt. Gox incident within Bitcoin exchanges.

Image result for bitcoin yen
New legislation authorizing digital currency as a legal payment method has come into force in Japan. 
The text of the law was released by Japan’s Financial Services Agency on March, 24.
Earlier this week, the Accounting Standards Board of Japan said that it would begin work on the creation of a framework to help understand how digital currency would be dealt with in the accounting sector. The process is expected to take six months, according to Nikkei.  
Big business is especially concerned; since the country has failed to provide guidelines regarding the accounting process when dealing with cryptocurrencies. 
“There is a risk that companies that hold virtual currency could turn out to have distorted valuations or that huge losses surface suddenly,” Chikako Suzuki, partner at PricewaterhouseCoopers Aarata, told Nikkei Asian Review.
Around $1.7 billion of cryptocurrency, including bitcoin, Ripple, Litecoin and others, was in circulation across Japan two years ago. The 2020 projection is set to be at $9 billion, according to a Fuji Chimera Research Institute study. 
The set of measures, that now has come into force, was drafted as far back as 2015 and passed in 2016 after a year of negotiations. Uncertainty over the legal status of virtual currency was stirred after a multi-million dollar embezzlement scandal and the collapse of the Tokyo-based Mt.Gox Bitcoin exchange. - Russia Today

Sunday, February 26, 2017

State of Idaho joins Utah and Arizona in forging legislation to recognize gold and silver as money

Earlier this year, the states of Utah and Arizona both proposed legislation to eliminate state taxes on the buying and selling of gold and silver in a first step initiative to have them once again recognized as money and legal tender.  Now on Feb. 24 we can add the state of Idaho to the mix as the growing trend towards returning to sound money is starting to pick of steam.

A bill introduced in the Idaho House would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency. Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money. 
House Majority Leader Mike Moyle introduced House Bill 206 (H206) on Feb. 23. The legislation would amend Idaho revenue statutes, providing “that capital gains and losses on precious metals bullion and monetized bullion sales be added to or subtracted from Idaho taxable income.” 
The Framers of our nation established that gold and silver are money, but federal taxing authorities in recent decades have required taxpayers to pay taxes on this form of money when its exchange for Federal Reserve Notes results in nominal capital “gains.” 
Similar to a bill recently passed by Arizona’s state House, Idaho H206 is a pure and tax neutral proposal. That’s because both precious metals gains (income) and losses are backed out of the calculation of one’s Idaho taxable income.   While HB206’s passage will have little fiscal impact as to Idaho tax revenues, it will have a larger impact on Idahoans’ freedoms. 
Enjoying the backing of the Sound Money Defense League, the Idaho Freedom Foundation, and Money Metals Exchange (an Idaho-based national precious metals dealer), the Idaho proposal seeks to correct the misclassification of precious metals by the IRS as “property” rather than money.  It is only because of this misclassification in the first place that precious metals income and losses are included in the federal adjusted gross income number that flows through to the taxpayer’s Idaho tax return. - Tenth Amendment Center

Saturday, February 4, 2017

Bill being introduced in Utah would open state up for using gold and silver as money while creating a state depository

On Jan. 27, legislators in the state of Utah introduced a bill that would not only recognize gold and silver as money, but would open the door for its use in both public and private commerce.

House Bill 224 (HB224) would encourage the use of gold and silver as legal tender, and set the stage for expansion of gold repositories in the state and authorize further study on several sound money policies.

A bill introduced in the Utah legislature would build on the state’s Legal Tender Act, creating a foundation for further action to encourage the use of gold and silver as money, and take another step toward breaking the Federal Reserve’s monopoly on money. 
Rep. Ken Ivory (R-West Jordan) introduced House Bill 224 (HB224) on Jan. 27. The legislation would add several provisions to state law designed to encourage the use of gold and silver as legal tender. Passage would set the stage for expansion of gold repositories in the state and authorize further study on several sound money policies. 
Specifically, HB224 would authorize the investment of public funds in specie legal tender held in a commercial specie repository. Under existing code, “specie legal tender” means gold or silver coin and bullion. “Commercial specie repository” means an institution that holds or receives deposits of specie legal tender that is located within the state. Practically speaking, passage would give the state the option to hold funds in gold and silver instead of Federal Reserve notes. - Tenth Amendment Center

Friday, October 30, 2015

Russian parliament approves Damocles Sword to confiscate Western assets if necessary

When the U.S. issued sanctions against Russia in early 2014, they did so without international approval, and without a resolution from the United Nations.  In essence, the Obama administration used the dollar as an economic weapon against the Eurasian power in response to their taking the Crimea after the U.S. backed rebels unlawfully overthrew the government in Ukraine.
However, in addition to these sanctions were pressures the U.S. placed on their allies and on their vassal states in Europe and the Far East, making the sanctions a full fledged proxy war that held European businesses stuck in the middle.
And as the economic sanctions on Russia near their third year in play, on Oct. 29, Russia’s upper chamber of their legislature approved a new bill that would make it legal for the government to confiscate foreign assets held within the country.

Read more on this article here...

Thursday, October 1, 2015

Congress invokes procedural Martial Law in order to force passage of budget

The use of martial law is not limited to simply restrictions placed upon a populace, but it can also be an administrative or procedural ploy implemented by Congress to force the passage of legislation or other laws.  And on Sept. 29. the lower House invoked martial law as a means to break the deadlock to get some form of short-term spending bill passed in lieu of a long term budget.
Congress has gone several years without passing a full annual budget, and instead has passed individual appropriation bills to fund individual portions of the government.  And with the de-funding of Planned Parenthood being the primary catalyst stopping passage of a budget for 2016, severe measures appear to now be in place to get a temporary bill passed to avoid a government shutdown.

Read more on this article here...