Search found 448 matches

by FarmerD
Mon Nov 25, 2019 4:56 pm
Forum: Other Discussions
Topic: MMT
Replies: 9
Views: 406

Re: MMT

technovelist wrote:
Sun Nov 24, 2019 4:42 pm
No one expects a return to the gold standard... until it happens.
Exactly. I'm sure there isn't a single politician or central banker who wants a return to a gold standard. However, they may not have any other choice. It may well be forced on them.
by FarmerD
Mon Nov 11, 2019 9:21 am
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 52
Views: 11023

Re: Texas Statewide Proposition 9, November 2019 Election

That would not be Constitutional: https://www.heritage.org/constitution/#!/articles/1/essays/70/state-coinage But recognizing privately minted coins as legal tender would be perfectly Constitutional. I'm pretty sure they are going to do that. I have also heard that they have plans to issue debit an...
by FarmerD
Fri Nov 08, 2019 1:08 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 52
Views: 11023

Re: Texas Statewide Proposition 9, November 2019 Election

Do you know of any plans for Texas to strike their own gold coins? That would not be Constitutional: https://www.heritage.org/constitution/#!/articles/1/essays/70/state-coinage But recognizing privately minted coins as legal tender would be perfectly Constitutional. I'm pretty sure they are going t...
by FarmerD
Tue Oct 29, 2019 1:51 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 52
Views: 11023

Re: Texas Statewide Proposition 9, November 2019 Election

, and if challenged by Texas, it is likely they can’t enforce capital gains tax ... We need a test case for this one! I visited the depository a couple weeks ago. One of the managers said Texas has sent letters to the IRS over the past year or two but have not gotten any responses. He would not tel...
by FarmerD
Tue Oct 29, 2019 1:46 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 52
Views: 11023

Re: Texas Statewide Proposition 9, November 2019 Election

Confusing language: "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Ob...
by FarmerD
Tue Oct 29, 2019 1:02 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 52
Views: 11023

Re: Texas Statewide Proposition 9, November 2019 Election

I think you are all deluding yourselves if you think that if the US government wants to seize or tax your gold that holding it in TX or AU or anywhere else is going to matter. See FACTA. That has worked so well that the Swiss banking cartel basically quit offering US accounts. You also underestimat...
by FarmerD
Tue Oct 29, 2019 12:49 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 52
Views: 11023

Re: Texas Statewide Proposition 9, November 2019 Election

I have no idea where she will get that money but a 100 percent ad valorem tax on gold wherever she can get her hands on it it will probably be way more easy to get from the Texas depository than the Perth Mint. technovelist gave a good reply to this, but I'd also like to point out that while the Fe...
by FarmerD
Wed Sep 25, 2019 10:58 pm
Forum: Permanent Portfolio Discussion
Topic: Mish Shedlock Recommends the Permanent Portfolio
Replies: 2
Views: 857

Mish Shedlock Recommends the Permanent Portfolio

Interesting. See comments to the following article. Its kinda hard to argue with his reasoning.
https://moneymaven.io/mishtalk/economic ... kriNjRQ0A/
by FarmerD
Thu Sep 12, 2019 6:11 am
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 5711

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

FarmerD, full.disclosure please. Not sure if you're serious but I have no financial interest in any company connected with the depository. I had made several inquiries into storing gold in a safe deposit box in the Singapore Freeport but the more I researched the legal aspects of a state run gold-b...
by FarmerD
Wed Sep 11, 2019 9:25 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 5711

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

I don’t think the IRS has ever said that allocated overseas gold is subject to those reporting laws. All I’ve seen is CYA advice offered by third parties. You don't have to file FBAR or FATCA if you directly own the gold in a safe deposit box and nobody else can access it. However, Perth Mint can a...
by FarmerD
Wed Sep 11, 2019 1:38 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 5711

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

In a nutshell: States have constitutionally protected rights to create a gold backed currency. As such it’s extremely unlikely the Feds can seize the gold at the depository, force sale of gold at the depository to the Feds, and if challenged by Texas, it is likely they can’t enforce capital gains ta...
by FarmerD
Wed Sep 11, 2019 1:09 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 5711

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

It appears Texas is following the outline laid out by Dr Edwin Vieira, a constitutional law expert who has argued several cases before the Supreme Court. In the following videos (which are absolutely fascinating), Vieira describes his ideas on a state run gold-backed currency. 1. A state gold-backed...