Asset and Wealth Protection
Personal Liberty focuses on conservative Americans who understand the importance of independent thought in the quest to grow and protect their financial assets, and are seeking to achieve financial freedom.
I began publishing my monthly newsletter The Bob Livingston Letter™ (subscription required) in 1969. The following is an excerpt from the March 2001 issue. The article was actually written in February. Mid-March saw the Dow drop 821 points in a week and the S&P 500 lose 7 percent. A year later, the Dow had lost 28 percent and many stocks had gone bust, as I predicted.
Anybody who knows anything about the Federal Reserve and Mr. Greenspan believes that by the lowering of interest rates plus printing money that recession/depression can be averted. They also believe that lower interest rates and new money can restart the bull market in stocks.
Could you cover some info in BLL (The Bob Livingston Letter, subscription required) on how a person would go about spending or using gold or silver if we were to buy any quantity of it in physical coins?
The most recent revelation of eurozone wealth confiscation: Italian banks have been ordered by the Italian government to withhold a 20 percent tax on all inbound wire transfers. As Zero Hedge puts it, “[A]ll Italians are money launderers unless proven innocent.”
As a subscriber to your monthly letter (The Bob Livingston Letter, subscription required), I come to you with a question.
It seems that a lot of games are being played with the prices of precious metals. Such is frustrating for those holding same.
Okay, my question: Buying metals against a shaky dollar and inflation is one thing, but what about selling if there is a need? What does one get for his metals? Fiat currency? It seems like a loaded question to me. What are we really buying precious metals for?
I can see paying for some goods with metals, but there are more questions than answers on this.
Don’t fall for the President’s MyRA scam. You’d be better off putting that money under your mattress. It will still lose value because of inflation, but at least the government won’t know where it is so it can steal it.
If you continue to believe that the Fed actually exists to “help” stabilize our economy or our currency, then you will never find the logic behind what they do. If you understand that the goal of the Fed and the globalists is to dismantle the dollar and the U.S. economic system to make way for something “new”, then certain recent events and policy initiatives start to make sense.
Dear Mr. Livingston:
Could you give us the true low-down on “reverse mortgages?” They are flogged to death on TV, and seem sketchy. Thanks.
We’ve all heard praises lavished on Bitcoin, not only from Web activists but from the mainstream media itself. But is Bitcoin’s rise really all it’s cracked up to be? Several problems lead me to believe the digital currency is ultimately a clever distraction.
Despite ongoing assurances from economic officials that the U.S. economy is improving leading into 2014, small-business owners who have endured a financially tumultuous 2013 are pessimistic about their economic situations in the year ahead.
Dear Bob Livingston,
America has been deceived into paying the corrupt income tax since WWII. Why is it that so many American’s will tolerate this tax when there is no law that requires the tax from them? Some say that the 16th amendment in 1913 ended the un-constitutional apportionment rule on incomes of the several states. These people that say that are very much misinformed, because the US Supreme Court ruled on what income is and that it is a excise (indirect) tax from Federal corporate activity. The court also noted in its decision that no new power of taxation resulted in the 16th amendment, in fact, it did not repeal Article 1, section 2 section 9 of the Constitution. Then there is the IRS stating that American’s are liable for payment of federal income tax but the IRS has been unable to identify the provision of subtitle A of 26 U.S.C. where such liability exists for “anyone” being “made liable” for the tax. Subtitle C of 26 U.S.C. verifies the fact that only Federal employees may be subject to the employment tax and the income tax, see section 3401(c) where the “employee” subject to these taxes is a “federal” employee only. 4 U.S.C. 111 states that Federal employees are subject to income taxes. There is no one U.S.C. Title that states the non-federal private sector is subject to federal income tax. Then we have 4 U.S.C.72 which lets us know that, the Federal Government does not have jurisdiction over the 50 states concerning the income tax or any other tax of Title 26.
Why not do something for the American people starting today Bob? Your website could be the avenue to allowing the American people to know the truth. I’m sure you already know that the fiat money in our purses is worthless as compared to the silver certificates we used to have as our money. People are hurting Bob, and all of us that want true liberty from tyranny, must unite together and stop the tax on Americans’ income. If you fail to address my comment, it tells me that you’re not truly interested in liberty and justice for all. I have a friend in Federal prison for federal crimes he never committed in relation to the income tax. The Federal courts are all corrupt and injustice is the norm. Do I have you committed now to report on this issue Bob? Do we the people have someone we can count on to get the word out?
I see that your place on business is in Alabama. I am half Alabamian since my father was born in Delta, Alabama, Clay County, and me and the wife have 75 acres 10 miles South of Cheaha Park, as our place to get-a-way from the masses in Florida.
I do like your website and I encourage you to act on my request.
I have in my possession a letterhead from my congressman where he states that the current tax code does not state individual American’s liability for payment of federal taxes. This statement excludes all taxes of the Code on American citizens.
Of course in the next letter to me, he contradicted himself and said this : “First, let me be clear that citizens of America are liable for paying income tax”. Does this sound familiar coming from our elected officials in D.C.?
I await to hear from you Bob.