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FiatLux posted an update 4 years, 11 months ago
Add Arkansas to the list of states that have passed a law regarding ownership or use of gold and silver bullion, a trend Dr. Farrell has been tracking:
“By signing sound money legislation today, Arkansas Gov. Asa Hutchinson has officially ended sales taxation on gold, silver, platinum, and palladium bullion and coins– thereby setting an example for legislators in New Jersey, Maine, Ohio, and Tennessee, who are still considering similar measures in their own states this year.”What I note here: For decades now, bullion has been considered a “commodity” or “collectible” — that is, a consumer item that can be bought and sold like any other. Under that theory, it’s logical to put a sales tax on it. Conversely, there’s no sales tax on currency. So you could see the removal of sales tax as a step toward bullion as currency or as backing for currency.
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The removal of sales tax would be more of a step backwards in the direction of when gold and silver were legal tender and, of course, tax free. Needless to say, however, the banksters prefer bankster-issued, debt-based currency rather than government-issued money as their control mechanism for the planet. If, however, it is true that there is vastly more gold above ground and/or in easily mined alluvial deposits than we have been told, then a return to sound money should be relatively easy. That, however, is a narrative that the banksters definitely do not want to gain, er, currency.
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