Saturday, April 20, 2019

Taxing Sound Money ?

In 1812, the US began taxing gold and silver (sales tax). This is an important event that laid the foundational blocks of transforming gold and silver from 'sound money' to just an 'asset class' / and in doing so they helped promote their money printing machine to fund the 1812 War which led to the Treaty of Ghent. This paper money printer was conveniently picked up by the Federal Reserve in 1913 (and they slapped Gold / Silver with capital gains tax).

We currently pay capital gains tax on Bitcoin. Why pay tax on sound money ? It is highly probable that IRS and Feds would implement a means of enforcing a sales tax on Bitcoin on major exchanges in years to come. The taxation events on Bitcoin will be a move to ensure Bitcoin becomes fundamentally an asset class - this would protect their version of fake 'money' and their printers that are running full steam to enrich the shadowy owners of federal reserve / and enslave the sleeping masses who have failed to unchain themselves from a broken 'money' system.

This issue around 'taxation of sound money' is also echoed by Ron Paul vs. Ben Bernanke in this video :

https://youtu.be/EVyhIGkusnI?t=31


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