Silver – American Conservative Movement https://americanconservativemovement.com American exceptionalism isn't dead. It just needs to be embraced. Fri, 15 Nov 2024 17:21:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://americanconservativemovement.com/wp-content/uploads/2022/06/cropped-America-First-Favicon-32x32.png Silver – American Conservative Movement https://americanconservativemovement.com 32 32 135597105 “The Correction Before the Surge”: Why Gold and Silver’s Future Is Brighter Than Ever https://americanconservativemovement.com/the-correction-before-the-surge-why-gold-and-silvers-future-is-brighter-than-ever/ https://americanconservativemovement.com/the-correction-before-the-surge-why-gold-and-silvers-future-is-brighter-than-ever/#respond Fri, 15 Nov 2024 17:13:22 +0000 https://americanconservativemovement.com/the-correction-before-the-surge-why-gold-and-silvers-future-is-brighter-than-ever/ It was long overdue by most estimates. Precious metals prices have been steadily rising for far longer than even the most optimistic analysts were expecting a year ago. But Donald Trump’s decisive victory has prompted the “correction” that economists have felt was necessary for a long time.

Kitco analysts predicted a 5%-10% correction following the election and we’re currently in that range. As they recently noted, it’s now just a question of when the next surge begins.

“Gold is set to explode once this necessary and healthy correction has run its course, simply because there is no way to avoid a material dollar devaluation next year to deal with out-of-control federal government deficits and debts, while the Fed is in a lose-lose situation. If the central bank raises rates, we head into a recession. If they continue to cut rates, inflation will rise even further.”

Confidence in the coming Trump administration has already been evident in several markets, including stocks and cryptocurrencies. This, too, was widely anticipated because of the economic stability Trump’s policies will bring. Geopolitically, a calming of calamities has already begun over two months before his inauguration.

As Jonathan Rose, CEO of Genesis Gold Group, highlighted before the election, there is one factor that made him plan properly for his company’s future under a Trump administration.

“Unlike most gold companies, we are rooting for Trump to win because we know what it will mean for the long-term,” he said on the even of last week’s election. “Of course his win will help the nation, but it will also be a huge positive for precious metals because it will finally bring the 800-pound gorilla into the spotlight: national debt.”

Precious metals companies have been thriving under the fear of a potential Kamala Harris regime. But Genesis Gold Group positioned its retirement offerings based on confidence in a Trump victory. The “fearmongering” over CBDCs, geopolitical turmoil, and BRICS had been heavy but there’s now a sense of confidence in how the financial world will react to a Trump administration.

The positive economic benefits will bring the national debt into focus, and that will be good for gold and silver prices. This is why Rose believes it’s time to take advantage of the lower prices immediately.

“This is the correction before the surge,” he said. “Many analysts are putting gold at over $3,000 per ounce next year. Others are pointing to higher numbers. After that, the crystal balls become fuzzy but the roadmap points to steady growth which is perfect for rolling over or transferring retirement accounts today in the midst of the healthy correction.”

Genesis Gold Group specializes in helping Americans protect their wealth or retirement with physical precious metals. Learn how they can help you take advantage of the Trump administration’s economy with their free Wealth Protection Kit.

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Update for Gold and Silver https://americanconservativemovement.com/update-for-gold-and-silver/ https://americanconservativemovement.com/update-for-gold-and-silver/#respond Mon, 21 Oct 2024 06:07:06 +0000 https://americanconservativemovement.com/update-for-gold-and-silver/ (Lew Rockwell)—Since December 2015 when gold’s value measured in fiat currencies began to rise, gold priced in the four major western currencies has been consistently hitting new high ground. Put another way, these currencies measured in gold have all more than halved, with the yen having lost two-thirds.

We can say this in the knowledge that over long periods the purchasing power of gold is remarkably stable, while those of fiat currencies are not. This is why everyone should examine their exposure to credit, which is always fiat usually with systemic risk thrown in (unless you hold cash notes). But we are all human, and from time to time worry that the headline values of our gold or silver might fall and we have missed a selling opportunity.

Having broken into new high ground, there is no doubt that there’s much speculation embedded in gold and silver prices. While we should not tie events together to tightly, this build up has been ahead of the BRICS summit in Kazan next week, with speculation that a new trade settlement currency backed by gold might be announced. Well, President Putin said on Friday that “talk of creating a single currency for the BRICS grouping was premature”. It is not ruled out, only it is not for this agenda

That would suggest that this coming week will see profit-taking in gold and silver and perhaps a shake-out of speculative longs as their stops are triggered on Comex. But Putin made his statement deferring the introduction of a new currency on Friday, after which gold and silver soared higher. It was probably wrong therefore to associate rising prices for gold and silver with speculation about a new BRICS currency.

The other material statement was that Putin was open to admitting new members. A few weeks ago, I suggested that this could be accelerated by creating a class of associate members as a stepping stone to full membership and I would take this to now be the case. Could that have been behind the surge in gold and silver?

We cannot know. But looking at last night’s Commitment of Traders figures for last Tuesday and adjusting for Open Interest since then it is clear that gold is now in overbought territory, but could go further.

A consolidation here would be the healthy outcome, at least from a technical point of view. We can bet that central banks and other statist interests would welcome the opportunity to pick up some cheap bullion, underwriting the market. And recently, Russia announced that it was in the market for silver bullion. That’s our last chart.

I wouldn’t rule out a back-test, maybe to $30.50 or so. But the bullish message of the chart is clear. And even that might not happen.

Reprinted with permission from MacleodFinance Substack.

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Silver: The Unsung Hero of the New Economy https://americanconservativemovement.com/silver-the-unsung-hero-of-the-new-economy/ https://americanconservativemovement.com/silver-the-unsung-hero-of-the-new-economy/#respond Sun, 08 Sep 2024 12:04:47 +0000 https://americanconservativemovement.com/silver-the-unsung-hero-of-the-new-economy/ (Zero Hedge)—Silver demand continues to surge, driven by technologies like solar power and AI.

In 2023 alone, the silver market experienced a 15% supply deficit. Furthermore, the market is expected to reach a cumulative deficit of 1,093.4 million ounces from 2020 to 2024.

In this graphic by Outcrop SilverVisual Capitalist’s Bruno Venditti discusses how new mines are necessary to meet the high demand for the metal.

Silver is Essential for New Technologies

According to Sprott, Silver is second only to oil as one of the most widely used commodities, with more than 10,000 applications worldwide.

The metal is a key component in photovoltaic cells used in solar power. The average solar panel requires 20 grams of silver.

Electric vehicles also use between 25 and 50 grams of silver.

In addition, the metal is essential for semiconductors, controls, sensors, and LIDAR technology in AI-enabled transport. Silver is also critical in healthcare AI, through conductive silver nanoparticles in wearable electronic skin patches.

The average cell phone contains 0.34 grams of silver.

The Risk of a Supply Gap

Despite silver’s importance, declining ore grades and depleting reserves at existing mines are reducing the metal output.

The industry also suffers from a lack of investment in primary silver mines. Today, over 70% of silver is mined as a byproduct of gold, copper, and other metals.

Production is also concentrated in three countries—Mexico, Peru, and China—which together account for half of global silver production.

The Future of Silver

If current circumstances continue, new mines will be necessary to meet the growing demand.

Outcrop Silver is quickly advancing the Santa Ana high-grade silver deposit in the Mariquita District, known as the highest-grade primary silver district in Colombia, with historic silver grades among the highest in Latin America.

The Indicated Grade for the Santa Ana project is ranked the second highest in the world.

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Samsung Develops New Solid-State Battery Using Silver, Will Nearly Double Energy Storage Density and Cause Global Surge in Silver Demand https://americanconservativemovement.com/samsung-develops-new-solid-state-battery-using-silver-will-nearly-double-energy-storage-density-and-cause-global-surge-in-silver-demand/ https://americanconservativemovement.com/samsung-develops-new-solid-state-battery-using-silver-will-nearly-double-energy-storage-density-and-cause-global-surge-in-silver-demand/#respond Mon, 26 Aug 2024 01:51:20 +0000 https://americanconservativemovement.com/samsung-develops-new-solid-state-battery-using-silver-will-nearly-double-energy-storage-density-and-cause-global-surge-in-silver-demand/ (Natural News)—Samsung has developed a new solid-state (SS) battery using silver as a major component. A solid-state battery is an electrical battery that uses a solid electrolyte for ionic conductions between the electrodes, instead of the liquid or gel polymer electrolytes.

This means the demand for silver is likely to increase soon.

“The key drivers that will ramp up demand for EVs are range, charge time, battery life and safety. Samsung’s new solid-state battery technology, incorporating a silver-carbon (Ag-C) composite layer for the anode, exemplifies this advancement,” said retired investment professional Kevin Bambrough. (Related: Solid state battery breakthrough could be a total game-changer for electric vehicles.)

Silver has exceptional electrical conductivity and stability

Silver’s exceptional electrical conductivity and stability are leveraged to enhance battery performance and durability, achieving amazing benchmarks like a 600-mile range and a 20-year lifespan and nine-minute charge.

Bambrough mentioned that while official figures are presently unavailable, the estimates show that there could be as much as five grams of silver per cell in Samsung’s solid-state batteries which means “a typical EV battery pack containing around 200 cells for a 100kWh capacity could require about one kilogram of silver per vehicle.”

“With global car production standing at about 80 million vehicles per year, if 20 percent of these vehicles (16 million EVs) were to adopt Samsung’s solid-state batteries, the annual demand for silver would be around 16,000 metric tons,” Bambrough noted.

“This would represent a significant portion of the current global silver production, which is approximately 25,000 metric tons annually, highlighting the substantial impact on the silver market.”

This presents a bullish trajectory for silver. Bambrough noted that silver is already in a deficit with industrial demand from the solar industry driving total yearly consumption ahead of supply.

“For me, it’s just another reason to expect silver markets to tighten up [further] and the price of silver to take a run at its all-time inflation-adjusted high [of] $200/oz will likely be seen in the [coming] 10-15 years,” Bambrough said.

“All we need to do is look back at the silver chart of the 1970s to see how explosive the precious metal can move skyward when a true shortage develops and speculators decide to hoard,” he said. “My bet is … we will hoard.”

Ride Apart’s Enrico Punsalang reported that Samsung is already working with large automakers to include its SS battery technology in EVs.

The company has signed an agreement with Toyota to start mass production of SS batteries in 2027, with Lexus vehicles expected to be among the first to incorporate the latest technology.

Punsalang said the real challenge would be how quickly ultrafast charging infrastructure can be made available to the public. He also noted the cost issue, saying “the cost to manufacture solid-state EV batteries is around three or four times higher than lithium-ion and LFP [lithium iron phosphate] batteries found in current EVs.”

Follow FutureScienceNews.com for more stories about the latest developments in science and technology. Watch the video below to know more about solid-state battery.

This video is from the High Hopes channel on Brighteon.com.

More related stories:

Sources include:

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As Concerns Over the Recession Grow, a Faith-Driven Gold IRA Company Offers Unique Solutions https://americanconservativemovement.com/as-concerns-over-the-recession-grow-a-faith-driven-gold-ira-company-offers-unique-solutions/ https://americanconservativemovement.com/as-concerns-over-the-recession-grow-a-faith-driven-gold-ira-company-offers-unique-solutions/#respond Mon, 05 Aug 2024 17:39:36 +0000 https://americanconservativemovement.com/?p=210233 Depending on which economist you ask, we are either in a recession or are about to be in one. The definition of “recession” has been adjusted so many times over the past couple of years that it has become a punchline, albeit one that’s not very funny for average Americans.

“Market turbulence always prompts people to seek the financial safe haven of physical precious metals, but this latest round of recession fears has been more pronounced than I’ve seen in years,” said Jonathan Rose, CEO of Genesis Gold Group. “They’re feeling the economic tremors and they’re wondering if the ‘big one’ is about to hit.”

Americans at or near retirement-age are watching their IRAs, 401(k) plans, and other retirement accounts getting decimated. What makes it doubly concerning is that rampant inflation is hitting them hard at the same time.

Genesis, a faith-driven Gold IRA company, helps Americans navigate the waters to rollover or transfer their current or past retirement accounts into one that is backed by physical precious metals. They make it possible for people to defer taxes and seamlessly move their life’s savings into the financial “higher ground” of gold and silver.

“Gold prices have gone up over 50% in the last two years alone and many are predicting it will spike in the coming years,” Rose continued. “But it’s silver that really has our interests piqued with some experts projecting even faster gains than gold.”

On top of recession and inflation, there are many who are concerned about the coming presidential election. It’s not just about whose policies will be guiding the economy in the years to come. It’s about the expected turmoil that could come regardless of who wins.

Genesis Gold Group offers a free, definitive gold guide that informs Americans about their retirement options. It highlights the benefits but also warns of the challenges of making this important financial move.

“I always say that an educated investor is the best investor,” Rose continued. “The more informed someone is about a Gold IRA, the more likely it is that they will work with us instead of someone else.”

Reach out to Genesis Gold Group today to learn how they can help protect your retirement accounts with physical precious metals.

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Will it Last? Three Reasons Gold Prices Shot Up After Assassination Attempt Against Trump https://americanconservativemovement.com/will-it-last-three-reasons-gold-prices-shot-up-after-assassination-attempt-against-trump/ https://americanconservativemovement.com/will-it-last-three-reasons-gold-prices-shot-up-after-assassination-attempt-against-trump/#respond Tue, 16 Jul 2024 13:12:15 +0000 https://americanconservativemovement.com/?p=209788 The attempted assassination against Donald Trump on Saturday prompted a sharp spike in precious metals prices, particularly gold.

We spoke to the CEO of one of our partners, Jonathan Rose at Genesis Gold Group, to learn why this is happening and whether it’s a temporary spike or a sustainable trend. He gave us the main reason it’s happening, then explained why he believes precious metals prices will continue to be sound investments for retirement savings or storing in one’s safe even after the election.

Market Instability

“Major geopolitical events always cause market fluctuations and the attack on President Trump definitely qualifies. Gold, silver, and to some extent cryptocurrencies will see spikes as a result but there are other factors that will likely keep the gains for the long term.

“More indications of rate cuts by the Fed have those holding gold very excited. Those who want gold for their retirements or to store at home are also clearly excited because we’ve had a spike in inquiries just over the past couple of days.”

Cultural Instability

“It’s easy to see the political implications of the attack as President Trump is on track to win by a wide margin. But there are cultural implications that have people on both sides of the political aisle concerned about the future.

“Most notably, Americans are concerned about chaos that could ensue regardless of what happens on election day. These concerns were justified before the assassination attempt and they’re even more justified now. Having ‘safe haven’ investments like physical precious metals is starting to make sense to a whole lot of people.”

“New Normal” in Precious Metals Thinking

“Democrats in power have been good for precious metals prices in the past, but there’s a new paradigm forming that actually favors a Trump presidency benefiting gold and silver. This shift stems from the sustained high inflation that we’ve seen for three years.

“Trump’s policies flourish best with a weaker U.S. Dollar. Combine that with the likelihood of rate cuts in the near future and it’s easy to see why a Trump presidency would help gold and silver prices move up sharply even as we’re at record highs now.”

Genesis Gold Group is a faith-driven company that specializes in helping Americans rollover or transfer their retirement accounts into Genesis IRAs backed by physical precious metals. They exclusively distribute the “Prepper Bar” which can also be purchased directly to be shipped directly to their customers.

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Three Ways to Hold Physical Precious Metals Even If You’re Not Rich https://americanconservativemovement.com/three-ways-to-hold-physical-precious-metals-even-if-youre-not-rich/ https://americanconservativemovement.com/three-ways-to-hold-physical-precious-metals-even-if-youre-not-rich/#respond Thu, 11 Jul 2024 12:57:03 +0000 https://americanconservativemovement.com/?p=209677 Central banks are holding. Accredited investors are holding. Even most of the “ESG” tyrants like BlackRock and Vanguard are holding. Physical precious metals have become a “must have” commodity in portfolios and safes big and small.

Increasingly, more middle class Americans are holding gold and silver as well. Inflation was the biggest driving force in 2022 and 2023 for precious metals purchases, but over the last few months it has been their concern over the coming election that is pushing Americans into making purchases.

If Donald Trump wins the presidency, law enforcement has warned that there will be widescale rioting that could dramatically impact the supply chain and infrastructure, potentially hurting the economy. But if Joe Biden (or his Democrat replacement) wins, a continuation of current economic policies would inflict long-term damage.

It’s no wonder why many Americans are seeking the financial “higher ground” of physical precious metals to protect their wealth or retirement as well as to be available in times of trouble. Here are three ways Americans are holding gold and silver…

Jewelry

Despite the economic downturn America and most of the world is suffering, jewelry sales continue to rise. Some Americans see it as not just a stylish accessory but also as a way to turn their cash into something more tangible that they can carry around with them. With de-dollarization in progress and the national debt skyrocketing, concerns over the U.S. Dollar are justified.

Unlike gold or silver that is kept in a safe, jewelry is easily portable and can be carried around in nearly any circumstance. In emergency situations, jewelry can be used to transfer wealth in circumstances that require bartering.

There are two drawbacks to jewelry. The cost of craftsmanship is no small measure. Compared to wholesale metals prices, gold or silver jewelry can be marked up 500% or more. The second drawback is that it’s visible. With crime rising, displaying wealth can mark someone as a target.

Metals in the Safe (and Wallet)

Keeping physical precious metals in one’s safe or vault is a practice that dates back to ancient times. Gold is mentioned in the first book of the Bible, Genesis, and can be found in the tombs of kings from long lost civilizations.

Today, keeping bars or coins of gold and silver in the safe is an easy way to have wealth that can be liquidated into currency relatively quickly. Whether we are working with the U.S. Dollar or a “digital dollar” in the future, precious metals can turn into needed cash in a hurry. This is one of the reasons central banks are so bullish about them right now as they prepare to roll out Central Bank Digital Currencies.

One of the drawbacks of keeping precious metals in a safe is that they generally stay at one’s home. Whether travelling or just going out on the town, having gold and silver in a safe won’t help in emergency situations. A new solution to this is the Prepper Bar, 62.2 grams of gold or silver that fits into a wallet. It is perforated so it can be broken apart into smaller pieces which makes it ideal when away from home and in need of bartering wealth.

Physical Precious Metals Backing Retirement Accounts

Most Americans don’t have tens of thousands of dollars that can be spent on the “wealth insurance” of precious metals. Those who want to hold gold and silver but who don’t have enough disposable money in the bank have few options.

The most popular of these options is to rollover or transfer retirement accounts into Genesis Gold IRAs. This allows a tax-deferred option for those who have their current IRA, 401(k), or government retirement accounts locked in volatile markets.

Genesis Gold Group, a faith-driven precious metals company, assists Americans by putting physical precious metals in a depository that backs their retirement. Retired Americans who take distributions from their accounts set up by Genesis can have the metals delivered to their home. Genesis is also the only company in America that can use the aforementioned Prepper Bar in their IRAs.

It behooves Americans to look into all of their options. Reach out to Genesis Gold Group today to receive their free, definitive gold guide, or visit Prepper Bar and purchase gold or silver that can act as wealth in your wallet today.

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Buzz Around Precious Metals “Prepper Bars” Is Ramping Up https://americanconservativemovement.com/buzz-around-precious-metals-prepper-bars-is-ramping-up/ https://americanconservativemovement.com/buzz-around-precious-metals-prepper-bars-is-ramping-up/#respond Sat, 29 Jun 2024 05:51:18 +0000 https://americanconservativemovement.com/?p=209019 Americans who want to easily store and carry gold or silver are increasingly turning to perforated bars that fit in their wallets or pockets. These “utility bars” make trading or cashing in on various incremental weights of gold and silver easier while removing the necessity for clunky coins and rounds.

The newest offering in the industry is the “Prepper Bar.” As the only utility bar of its kind minted in America, the Prepper Bar is 62.2 grams of gold or silver shaped like a credit card. It fits in wallets and can be torn into three different-sized pieces.

“We called it the ‘Prepper Bar’ because it is appealing to those who are preparedness-minded but one does not have to live off-grid to appreciate the value,” said Jonathan Rose, CEO of Prepper Bar. “It’s nice having wealth in your wallet for emergency situations.”

The Prepper Bar is the only precious metals bar on the market divisible into 3 different sized pieces for maximum utility, all while fitting in a wallet. Crafted from .999 pure silver or .9999 pure gold, Prepper Bars are built to deliver peace of mind.

Launched in early June, the Prepper Bar was an instant hit among precious metals buyers. But it was later in the first month that they really started taking off.

“It was a little surprising when the third and fourth weeks after launch were bigger than the first two weeks,” Rose said. “Just like opening weekend is supposed to be the biggest for movies, so too should retail precious metals products sell best at launch.”

He attributed increased buzz and return customers for the unexpected late spike.

“We saw two very impressive trends,” Rose continued. “First, we noticed the buzz picking up as people started showing friends and family. The bigger surprise was how many people bought one, then came back and bought more after receiving their first.”

Prepper Bars are eligible to be stored in Genesis Gold IRAs, so Americans can buy them directly through the Prepper Bar website or they can include them in retirement accounts exclusively set up by Genesis Gold Group.

As concerns over turmoil and rising risks of emergencies cause anxiety among Americans, having the utility of Prepper Bars sitting in the safe or carried in a wallet can prove to be extremely valuable in a pinch.

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Nebraska Ends Income Taxes on Gold and Silver, Declares CBDC’s Are Not Lawful Money https://americanconservativemovement.com/nebraska-ends-income-taxes-on-gold-and-silver-declares-cbdcs-are-not-lawful-money/ https://americanconservativemovement.com/nebraska-ends-income-taxes-on-gold-and-silver-declares-cbdcs-are-not-lawful-money/#respond Thu, 09 May 2024 04:53:43 +0000 https://americanconservativemovement.com/?p=203313 (Mises)—With Gov. Jim Pillen’s recent signature, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver.

LB 1317 is the fourth major sound money bill to become law this year, as state lawmakers across the nation scramble to protect the public from the ravages of inflation and runaway federal debt.

Under the new Nebraska law, any “gains” or “losses” on precious metal sales reported on federal income tax returns are backed out, thereby removing them from the calculation of a Nebraska taxpayer’s adjusted gross income (AGI).

Supported by the Sound Money Defense LeagueMoney Metals Exchange, and in-state advocates, Nebraska’s sound money measure passed out of the unicameral legislature’s Revenue committee unanimously before being amended into a larger bill.

Sponsor Sen. Ben Hansen said upon news of the formal enactment of his legislation:

Gold and silver are the only forms of currency mentioned in our Constitution and with that comes the people’s ability to use it as such without penalty from the government. Saving, and using, gold and silver is our right and one of the only checks and balances to our federal government’s unending devaluation of our paper currency.

Taxpayers often realize ‘gains’ when converting the monetary metals back into Federal Reserve notes even though the ‘gains’ do not reflect an increase in real value but rather reflect the currency’s ongoing devaluation.

Despite the lack of “real” gains, the Internal Revenue Service imposes capital gains taxes on such transactions. Nebraska has now opted out at the state level, declining to carry the IRS’s position into the definition of Nebraska income.

Jp Cortez, executive director of the Sound Money Defense League, explained during his testimony before the Revenue Committee that the ferocious wave of inflation facing Nebraskans is largely caused by harmful actions of the Federal Reserve:

The state can take a different course and provide Nebraska citizens cleaner access to gold and silver ownership – and these metals are not only a proven inflation hedge but states all over the country are remonetizing constitutional sound money in the form of gold and silver.

Eleven other states already do not charge an income tax on sales of precious metals, with Arkansas, Arizona, and Utah recently enacting such laws. Meanwhile, Iowa, Georgia, Oklahoma, Missouri, West Virginia, and Kansas have been considering similar legislation in 2024.

“Investments in precious metals coins and bullion in Nebraska are now rightly exempt from both sales tax and income tax,” said Stefan Gleason, CEO of Money Metals and Chairman of the Sound Money Defense League.

Neutralizing Nebraska’s income tax treatment of the monetary metals removes significant disincentives in the Cornhusker State against the ownership and use of the monetary metals.

Meanwhile, LB 1317 revises the state’s formal definition of money by adding language that states: “Money does not include central bank digital currency.”

The new law defines central bank digital currency as “a digital medium of exchange, token, or monetary unit of account issued by the United States Federal Reserve System or any analogous federal agency that is made directly available to the consumer by such federal entities. Central bank digital currency (CBDC) includes a digital medium of exchange, token, or monetary unit of account so issued that is processed or validated directly by such federal entities.”

Sen. Hansen said: “I believe we have to be extra vigilant in our assessment and application of a Central bank digital currency to make sure they do not become a danger to our freedom. That’s why we defined in LB 1317 that CBDC’s are not classified as currency in Nebraska, which should help protect against unwarranted mandates for their use in the future.”

Versions of this “anti-CBDC language” have advanced or signed into law in Tennessee, North Carolina, and FloridaSouth Dakota, and Indiana . Congressman Alex Mooney has also introduced a federal measure to block the Federal Reserve’s digital currency scheme.

In his testimony, Cortez discussed the potential risks of adopting a CBDC, including creating a greater ability to track all financial transactions, disallowing certain types of purchases, or even completely “turning off” a targeted individual’s access to money.

Nebraska joins UtahWisconsin, and Kentucky as states to have enacted pro-sound money legislation into law so far in 2024. Currently ranked 22nd in the 2024 Sound Money Index, Nebraska’s ranking is expected to rise.

About Sound Money Defense League

The Sound Money Defense League is a non-partisan, national public policy group working to restore sound money at the state and federal level and publisher of the Sound Money Index.

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What is Money? Who Controls Money? https://americanconservativemovement.com/what-is-money-who-controls-money/ https://americanconservativemovement.com/what-is-money-who-controls-money/#respond Fri, 02 Feb 2024 14:13:41 +0000 https://americanconservativemovement.com/?p=200899 (Mises)—J. P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.”

J. P. Morgan was the founder of JPMorgan Chase & Co., an American multinational financial services company headquartered in New York City. It is the largest bank in the United States and the world’s largest bank by market capitalization as of 2023.

In 1973, Henry Kissinger is purported to have said (though it is disputed): “Who controls the food supply controls the people; who controls the energy can control whole continents; who controls the money can control the world.”

Whether he said it or not, it is true. However, he would have to have been talking about credit.

Since the United States closed the gold window in 1971, the dollar has had less and less gold backing it as the US Federal Reserve banksters have created more and more fiat currency.

According to the US Treasury-Owned Gold dataset, as of November 30, 2023, 261,498,926.24 troy ounces of gold is held in bullion and coins at various vaults including Fort Knox, West Point, Denver, and the New York Fed.  The price of gold was last officially set at $42.2222/troy oz. in 1973. It has not changed, not even by a small amount. I calculated this number from the listed total US dollar value in all vaults divided by the total listed weight. The result actually has seven significant figures of precision (i.e., $42.2222000/troy oz.).

Could this number be because of the occultic Kabbalah practices of the central banking cabal? Symbolically reading the gold price $42.2222 as four twos followed by four more twos, it becomes $2222.2222. The occult loves these repeating numbers, especially factors of eleven. Of course, this is my speculation.

Anyway, from the published data, we can add up all the holdings in the various vaults to get the total value of US Treasury holdings as $11,041,059,957.90. That is billions not trillions.

When was the last time the gold was audited? Who really knows how much gold is still in Fort Knox and the other vaults? Based on official figures, it amounts to little more than 2 percent of the amount needed to back the $20 trillion dollars in the current M2 money supply at the current price of gold:

M2 is the U.S. Federal Reserve’s estimate of the total money supply including all of the cash people have on hand plus all of the money deposited in checking accounts, savings accounts, and other short-term saving vehicles such as certificates of deposit (CDs). Retirement account balances and time deposits above $100,000 are omitted from M2.

See Figure 1 for the accumulation of M2 money supply according to the US Fed’s own data. I plotted this from FRED data. On November 1, 2023, the money supply reached $20.767 trillion. Therefore, if you revalue all the US Treasury gold to this amount, you would get a gold price of $79,415.24/troy oz. That is a factor of thirty-nine times the current price of $2,030/troy oz.

Figure 1: Plot of the M2 money supply since 1959

Source: Data from Board of Governors of the Federal Reserve System, “M2 (M2SL),” H.6 Money Stock Measures, FRED, Federal Reserve Bank of St. Louis, last updated November 1, 2023. M2 was exponentially growing according to curve (1) until the crazy credit creation of the 2020 pandemic when about $3 trillion was pumped into the banks and handed out to many as free helicopter “money.” Curve (2), a five-order polynomial, was used to model the M2 money supply between 2020 and 2024. Sepia-colored strips indicate recessions.

Credit unbacked by gold is plain theft! There is no other word for it. Flashing electronic numbers on your computer screen are not money. Paper (or plastic) bank notes are not money! Bitcoin is not money! Those are all dollar derivatives. IOUs! They do have a little gold backing; otherwise, you could not buy any gold or silver with them. However, all dollar derivatives are fiat currencies, and they will eventually go to their intrinsic value, which is zero. When that happens, not if but when, they will not buy anything. Since 1959, the US dollar has already lost 98 percent of its value.

It is worth noting that Henry Kissinger was a founding member of the Club of Rome, which had as one of its goals to control the world population and its resources. He was also the guy who got the Arab Emirates and Saudis to only sell oil in US dollars; hence, he oversaw the creation of the petrodollar. The latter has aided in this control.

It follows that, in the current world system, petroleum is also money. However, cracks are starting to form in that system as the BRICS nations (Brazil, Russia, India, China, South Africa, and now Saudi Arabia, among other countries) have created an alternative trading bloc, and the Saudis are taking other currencies for their oil. However, unless the BRICS nations use real money—gold—to exchange goods and services in their trade, they will just be trading another fiat currency for the US dollar. All fiat currencies will go to zero eventually because they always have. When they do, the theft is exposed to all those holding the useless currency.

By that time though, the banksters have gotten what they wanted. They have sucked the wealth (gold, oil, land, and other real commodities) out of the nations using their banking cartels and the military of the US and other Western countries.

In line with Kissinger’s 1973 statement, the same banksters are now coming for your food supply and your energy supply. Man-made global warming is being used as the excuse to shut down agriculture and so-called fossil-fuel electric power generation, which is the backbone of our modern industrial world. The megabillionaire corporate and bank owners already control much of these, but they want it all. As a result, “climate change” is being used now to take everything else they haven’t taken though the debasement of the currency.

Think about that! For six thousand years, gold and silver was money! Since 1971, the globalist bankers have moved the population off honest moneys onto fiat bank notes, then electronic digits, and now they are going “full monty” with central bank digital currencies backed by nothing of any substance.

There is nothing new under the sun. All fiat currencies of whatever kind will collapse! The cycle of life tells us that the wicked will be destroyed eventually as the edifice of their fiat money system collapses and we have a global reset. It might be their planned Great Reset, but even that will only be for a short time because even central bank digital currencies are just another fiat currency.

About the Author

John Gideon Hartnett is an Australian physicist, cosmologist, and Christian with a biblical creationist worldview. He has a PhD with distinction in physics from the University of Western Australia (UWA). During his research career he worked at UWA and the University of Adelaide and published more than two hundred papers in scientific leading journals, in book chapters, and in conference proceedings. He was a foundering director of an Australian startup now commercializing his research on ultrastable cryogenic “clocks.” He has lectured around the world in churches and at conferences and written extensively on biblical creation, mostly in terms of astrophysics and cosmology. He blogs at johnhartnett.org.

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