It’s certainly not unusual for collectivist lunacy to come from Illinois. After all, the State provides us with (unpleasant) entertainment in the form of a police superintendent who threatens to shoot legal gun owners while his city leads the nation in homicides. It is home to a terrorist adviser to the President (Bill Ayers). It claims as citizens such brilliant luminaries as the Rev. Jeremiah Wright, the felon Jesse Jackson Jr. (and his felonious wife), his race-hustling father Jesse Jackson, Rod Blagojevich (the fourth of the last seven Governors from the State convicted of corruption) and the illegal White House usurper and fascist in chief. And then there’s Al Capone, whose crimes pale in comparison to those of some of the State’s political class. There are, of course, many more. But space won’t allow me to name them all.
Now comes this from the State with the most restrictive gun laws in the Nation (and likely the most criminals): a bill to require registration for sellers and buyers of gold. Text from the bill reads:
Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.
This ordinance is similar to a bill passed in Houston two weeks ago that required gold-buying businesses to photograph and fingerprint those bringing in gold to sell, photograph the items being sold and maintain an online database of the transactions.
The elites hate gold in the hands of the proles, as it demonstrates a growing recognition that the façade of government finance is collapsing. Elites say gold isn’t money. Meanwhile, central banks around the world are snapping up gold as fast as they can transport it; some nations are trying to get their gold out of the United States; and, back home, the regime is laying the groundwork for gold registration a little at a time. It’s all about gradualism, as I have warned you before.
Hat tip: Economicpolicyjournal.com