Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Senators Introduce Legislation To Remove Tax Burden On Gold And Silver Coins

July 11, 2011 by  

Senators Introduce Legislation To Remove Tax Burden On Gold And Silver Coins

On June 28, Senators Jim DeMint (R-S.C.), Mike Lee (R-Utah) and Rand Paul (R-Ky.) introduced the Sound Money Promotion Act, which would allow legal tender gold and silver coins to be considered in the same manner as United States currency for taxation purposes. Thirteen states have recognized gold and silver coins as legal tender, but currently those coins are taxed as if they were not part of U.S. currency.

“Thanks to the government’s reckless over-spending, continued bailouts, and the Federal Reserve’s easy money policy, this year the purchasing power of the dollar hit an all-time low in the several decades since we went off the gold standard,” DeMint said when introducing the bill to the Senate, according to a press release. “This legislation would encourage wider adoption of sound money measures, and that’s a step in the right direction.”

The State of Utah was the first to recognize gold and silver coins as legal tender; the legislation passed in May of this year. Since then, 12 other States have recognized the hard currency, including South Carolina.

“Good monetary policy is an important part of a healthy and prosperous economy,” Lee reportedly said. “Since the Federal Reserve Act of 1913, the dollar has lost approximately 98 percent of its value. This bill is an important step towards a stable and sound currency whose value is protected from the Fed’s printing press.”

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “Senators Introduce Legislation To Remove Tax Burden On Gold And Silver Coins”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at

  • Dan az

    Tell me if the feds are now owning more of the debt than china does that mean that they have some sort of collateral that we don’t know about?Sense china can take our land as collateral which I suspect they will what is the foreign bankers going to want?And if the 14th amendment is invoked and they print another 4 trillion to cover their payments and not be defaulted on then what is going to pay there loan off?They all ready have taken all the gold that was in fort knox what are they going to take the gold that people have been investing in?I know its allot of questions but where is the answers?

    • ValDM

      I might be able to answer one of your questions. I have stated this before on this site & will state it again. Since China is oil hungry & we aren’t being allowed to drill here, I speculate that China has been promised our oil.

      • Dan az

        I think you may be right.I read that obumer is still dragging his feet on the oil from canada and the chineese will be putting in the line instead of us getting it.I see why he’s been dragging his feet know.I thought he just couldn’t figure it out that we need the oil from a friendly rather than his kind in the sand box.

    • Dave from Ohio

      The proposal that Obama re-interpret Section 4 of the Fourteenth Amendment to justify raising the $14.3 trillion debt limit has been gaining traction in Democratic circles since Treasury Secretary Tim Geithner told reporters that the Constitution’s language could support the president’s raising the limit without congressional approval. ‘The validity of the public debt of the United States, authorized by law, including debts incurred for the payments of pension and bounties for services in suppressing insurrection or rebellion’ — this is the important thing — ‘shall not be questioned,’ ” Geithner read during a discussion hosted by Politico in May.

      Sen. Charles Schumer, D-N.Y., and others on Capitol Hill reportedly acknowledged that the idea is percolating, and had been presented to the president.
      The key phrase is not, as Geithner lied to the audience, “shall not be quesioned”; the key phrase is the three words “authorized by law”.

      Without the passage of a law by both houses of Congress the entire concept of increasing the debt is unlawful and the discussion and planning of such an unlawful act is a conspiracy to commit unlawful acts. These acts would fall under the guidelines of “high crimes and misdemeanors” and form the basis for impeachment.

      • TEA Party Moma

        I suspect you are correct regarding “high crimes and missdomeaners.” but if impeachment was to be carried out by the House which is held by the Repubs, the Senate which is held by the Dems would not throw the bum out! Like Bill Clinton, he would be impeached but he would still finish his term and his “theft” of our liberty would not be reversed .

  • Tom Anderson

    Dear Marcy,

    You are right, Utahns have shown themselves to be “out of touch”. They continue to adhere to very outmoded ideas like silver and gold currency, no infringement on bearing weapons etc.

    Don’t they realize that the US Constitution is just as W. Bush said, “Just a damn piece of paper”? They should get with the program. They should follow all of their other GOP peers instead of trying to follow the US Consitution.

    I understand that they even allow students and teachers to carry weapons on any of their state campuses!!!

    I think that we need to round them all up and put them in FEMA camps before their insidious ideas spread to other states.

    • David in MA

      It is unusual for the mention of FEMA camps, most people deny they exist……but they do.
      And they are about to be used!

      Have you seen this?

      posted at:

      billybaa says:
      May 8, 2011 at 7:25 pm
      The list below is accurate as of August of 2010. Its the membership roster of the Democratic Socialists of America (the DSA).

      Not listed here: Barack Obama, Hillary Clinton.

      Neil Abercrombie (D-HI)
      Tammy Baldwin (D-WI)
      Xavier Becerra (D-CA)
      Madeleine Bordallo (D-GU)
      Robert Brady (D-PA)
      Corrine Brown (D-FL)
      Michael Capuano (D-MA)
      André Carson (D-IN)
      Donna Christensen (D-VI)
      Yvette Clarke (D-NY)
      William “Lacy” Clay (D-MO)
      Emanuel Cleaver (D-MO)
      Steve Cohen (D-TN)
      John Conyers (D-MI)
      Elijah Cummings (D-MD)
      Danny Davis (D-IL)
      Peter DeFazio (D-OR)
      Rosa DeLauro (D-CT)
      Donna F. Edwards (D-MD)
      Keith Ellison (D-MN)
      Sam Farr (D-CA)
      Chaka Fattah (D-PA)
      Bob Filner (D-CA)
      Barney Frank (D-MA)
      Marcia L. Fudge (D-OH)
      Alan Grayson (D-FL)
      Raúl M. Grijalva (D-AZ)
      Luis Gutierrez (D-IL)
      John Hall (D-NY)
      Phil Hare (D-IL)
      Maurice Hinchey (D-NY)
      Mazie Hirono (D-HI)
      Eleanor Holmes-Norton (D-DC)
      Michael Honda (D-CA)
      Jesse Jackson, Jr.. (D-IL)
      Sheila Jackson-Lee (D-TX)
      Eddie Bernice Johnson (D-TX)
      Hank Johnson (D-TX)
      Marcy Kaptur (D-OH)
      Carolyn Kilpatrick (D-MI)
      Dennis Kucinich (D-OH)
      Barbara Lee (D-CA)
      John Lewis (D-GA)
      David Loebsack (D-IA)
      Ben R. Lujan (D-NM)
      Carolyn Maloney (D-NY)
      Ed Markey (D-MA)
      Jim McDermott (D-WA)
      James McGovern (D-MA)
      George Miller (D-CA)
      Gwen Moore (D-WI)
      Jerrold Nadler (D-NY)
      John Olver (D-MA)
      Ed Pastor (D-AZ)
      Donald Payne (D-NJ)
      Chellie Pingree (D-ME)
      Charles Rangel (D-NY)
      Laura Richardson (D-CA)
      Lucille Roybal-Allard (D-CA)
      Bobby Rush (D-IL)
      Linda Sanchez (D-CA)
      Bernie Sanders (D-VT)
      Jan Schakowsky (D-IL)
      José Serrano (D-NY)
      Louise Slaughter (D-NY)
      Pete Stark (D-CA)
      Bennie Thompson (D-MS)
      John Tierney (D-MA)
      Nydia Velazquez (D-NY)
      Maxine Waters (D-CA)
      Diane Watson (D-CA)
      Melvin Watt (D-NC)
      Henry Waxman (D-CA)
      Peter Welch (D-VT)
      Robert Wexler (D-Fl)
      Lynn Woolsey (D-CA)

      • Al Sieber

        I ain’t going to no FEMA camp.

        • Tom Anderson

          Dear Mr. Sieber,

          When US Armed Forces show up at your home to escort you and your family to the the nearby FEMA camp you WILL go – take your pick, either willingly or in a body bag.

          And it doesn’t matter if you have a lot of big guns – the US Military has MUCH larger guns than you do. Our military will round up all of these gun-toting terrorists. To HELL with Posse-Comitatus, look how well it worked in Waco.

          The Patriot Act addressed the question of US Military (and Homeland Security) “managing” right-wing gun-toting (and gold hording) domestic terrorists. Texas (Waco) was first, but Utah is next in line.

          • Al Sieber

            Sounds like you’re the one who’ll go willingly, I don’t live in a city and no one knocks on my door, not even the census taker, and the cops are afraid of rural areas where I live. this sounds like a case of my gun is bigger then yours.

          • jibbs

            Are you the president of the SHEEPLE Club?

          • Dan az

            I guess they think that we will get them out after they give up.I thought about once but decided that if they diddn’t have the balls then they should stay there.And don’t worry about back up bud I got you covered like you never thought about.

          • Montie R

            It WILL be a body bag for me AND all I can take with me.

          • Robert Wayne

            The only way to fight these bastards will be with some sort of underground organization the way groups in Europe did against the Nazis and later on Communists.

          • Al Sieber

            Dan, I know you do, and vice versa, I know how to find you, I know the back way. maybe by the gas pipeline road( El Paso gas), it runs right in front of the mine here. I have a Rhino ATV, it would take me 10 hours to get there on the pipeline road, or along the railroad tracks.. thanks for the invite. like to meet you sometime, been kinda cool here so far this summer.

          • Al Sieber

            Hey Tom,our military took a oath to the constitution against all enemies foreign and domestic, so you would go willingly? to a camp, well you’re just a pussy if you don’t put up a fight, they’re gonna kill you anyways.

          • Al Sieber

            And you got that right Dan, I like your style. you don’t back down and use your wits.

    • LMW

      Hard to tell if what you were writing was “tongue in cheek” or your actual stance…either way…the following is from “FACTCHECK”

      The report that Bush “screamed” those words at Republican congressional leaders in November 2005 is unsubstantiated, to put it charitably.

      We judge that the odds that the report is accurate hover near zero. It comes from Capitol Hill Blue, a Web site that has a history of relying on phony sources, retracting stories and apologizing to its readers.

      Update, Feb. 21, 2011: The author of the Capitol Hill Blue story has now withdrawn it. Doug Thompson messaged us to say:

      Doug Thompson: This is to let you know that the piece on Bush and the Constitution has been changed and reads:

      “This article was based on sources that we thought, at the time, were reliable. We have since discovered reasons to doubt their veracity. For that reason, this article has been removed from our database.”

      I no longer stand behind that article or its conclusions and have said so in answers to several recent queries. In addition, I have asked that it be removed from a documentary film.

      • LMW

        This was in response to Tom Anderson – not sure why it didn’t go in that response thread……

        • Tom Anderson

          Dear LMW,

          Yes, it is true. I threw out that baited hook to see who would come to the defense of W. Bush – - – it turned out to be YOU!

          And I agree that it is controversial – perhaps Bush did NOT say that.

          But the question is, “Why defend Bush”?

          Can you argue that Bush:

          1) Started many expensive and unnecessary wars?

          2) Was a cocaine snorting boozer?

          3) EXPANDED and grew the US Guvmint more than any prior president

          4) Puked all over the Japanese Prime Minister

          5) Married a life-long democrat

          6) In his role as CIA chief, was complicit together with LBJ in the assassination of JFK

          7) Didn’t he also funnel $Billions to the banks too – TARP?

          Why hate Obama when you have a Bush? Both Bush and Obama are CIA – they regularly swap spit together.

          • BigBadJohn

            “) In his role as CIA chief, was complicit together with LBJ in the assassination of JFK”

            Ugh I think that was GH Bush not W.

            You forgot about GW sending 12 billion IN CASH to his private army in Iraq.
            You forgot that Real Estate was the only thing keeping the economy afloat during his presidency so he pushed the banks to make more risky loans just to keep the economy going. Which of course led to the whole banking mess.

  • Warrior

    The only problem with owning gold is silver is once you have you’re not going to give it up. So, when you hear about corps money sitting on the sidelines, most likely it’s tied up in something more stable than uncle ben’s rice cakes.

    • David in MA

      There is also another problem in owning gold & silver, the Patriot Act gives the president the power to confisticate it in the event of a national emergency (which has been set in place & as soon as the people are disarmed will rear it’s ugly head. obozo is waiting for a reason to suspend what is left of the constitution and declare martial law and name himself dictator-in-chief, for life), so where does that leave things?
      As for china claiming American property for unpaid loans? Of I remember right the U.S.Constitution forbids foriegn ownership of American property.
      Politicians have over the years deserted the Constitution and America for their own means, now America and her citizens are in deep do-do, maybe Ron Paul is right, audit the fed. and return to the constitution for direction. It will not be worse than where we are now and remember, the guidance of the constitution worked excellant for over 200 years!

      • Brian

        “obozo is waiting for a reason to suspend what is left of the constitution and declare martial law and name himself dictator-in-chief, for life”

        Funny, that’s what they said about Dubya… and Clinton and Bush the Elder…and yet it has never happened.

        • Karolyn

          I wonder how many things that were predicted never happened. I bet it was a lot. Some people just love to spread fear and force change that way.

          • BigBadJohn

            YUP like “TIME” stating in a previous thread that as of june 15th personal ownership of gold will be outlawed.

      • ValDM

        Foreigners, in fact, own lots of U.S. real estate. I remember in the late 80′s the Japanese were buying as much of the West coast as they could lay their hands on. What foreigners are NOT allowed to own in the U.S. is communications networks : radio/tv stations.

      • Al Sieber

        Dave, there’s a thing called your back yard, bury your gold there and deny you have any, don’t give them anything except lead.

  • Daniel

    So Tom, you’re one of those liberal socialist-communists I’ve been reading about in the history books for five decades huh?

    • Al Sieber

      Sure sounds like Tom needs to move to Russia.

      • Pathfinder

        Al Sieber : I think that Tom is actually with us, NOT against us. I get the feeling that Tom is likely to resist going to a FEMA camp just as the rest of us will.

        • Al Sieber

          Pathfinder, if he’s with us I’d hate to see him when he’s against us.

        • Elevenarrows

          I don’t expect the gov’t to say, “would you like to join us at a nice FEMA camp?” I suspect it would be done a little more discreetly. I wouldn’t be surprised if neighbors just turn up “missing”. Or, to get patriots, they advertise that we can exchange worthless paper money by going to a certain location, etc. I’m sure they will have a “good” reason for us to show up…Hitler didn’t start out grabbing wealthy Jews and throwing them in the camps and ovens.

    • Pathfinder

      Daniel : Sir, I think that Tom was being sarcastic. Hopefully, we can get the rest of the country to follow Utah’s example.

  • home boy

    that’s because utah does not under stand what the bible says about gold and silver and sen. demint also. for you bible readers look at ezekiel 7;19 and you will see where gold and silver are headed. maybe the morman’s should concentrate on learning what the bible says and throw the book of morman away.

    • Tom Anderson

      Home Boy, you sure got THAT right. It is a great benefit to have erudite biblical scholars like yourself contributing to this blog. The Founding Fathers turned their back on Ezekiel when they declared precious metals as the ONLY constitutional tender. Our present paper fiat currency is biblical. All modern nation-states have broken any link with gold or silver. Those mormans in Utah want to return to the gold and silver standard and turn their back on God.

      Same thing with guns – the mormans are all gun crazy. Browning, who designed that devilish 50 calibre machine gun and BAR, was also a morman – they have a long history of luvin-guns.

      Note that the GOP was the LEADER in taking us off of the GOLD standard. Nixon, in 1971, broke ALL links with gold. Thank GOD for the GOP! Those mormans simply have very old fashion ideas.

      But, on the other hand, Home Boy. Did you notice that God seems to have a strange hankerin for PURE GOLD? Try lookin at Exodus 37: 11,12,16,17,22,23 and 26. But THAT was the OLD TESTAMENT God. I am sure that the NEW TESTAMENT God would demand brass or plastic or some other environmentally friendly material rather than PURE GOLD.

      • Al Sieber

        Tom, you’re full of it and haven’t learned from history. all paper money fails. it also says in the bible substance for substance, getting paid for something that is worth something, not worthless paper.

        • Pathfinder

          Al Sieber : Sir, I am convinced that Tom is being sarcastic. Please, read his comments with that in mind.

        • C130 Gunship

          Al Sieber……100%+ You got that right!

          • Al Sieber

            Thanks Gunship, I knew someone would get it, but, I can’t remember what part of the bible it says that, Proverbs?

      • Pathfinder

        Tom Anderson : Sir, one minor correction to your otherwise brilliant post. It was FDR, not Nixon, who took us off of the gold standard. But, Nixon did sever any final ties to hard currency when he disconnected us from SILVER as well. Since that time we have been on a fiat currency. I may be a non-mormon and living in Pennsylvania; but I also want a return to precious metal for our nations currency. I am just another out-of-touch anachronism.

        • Tom Anderson

          Dear Pathfinder,

          My hat is off to a fellow out-of-touch anachronism.

          I have loaded up with platinum coin – attempting to avoid any threatened future federal confiscation of gold/silver.

          Your presentation of FDR and Nixon’s contribution to the destruction of the US Dollar is completely accurate and instructive.

          • Elevenarrows

            I’m convinced that stocking up on other forms of barter might be more realistc for most Americans. You might not want to part with a chunk of gold or silver for a loaf of bread, but you might be willing to hand over a small jar of peanut butter. For those who are discouraged and feel that buying gold, silver, or platinum is simply impossible, I encourage them to purchase things that will be in high demand: medical supplies, peanut butter, matches, batteries, etc.

      • jibbs

        I think it was FDR that stole people’s gold.

    • Karolyn

      homeboy, Maybe you should stick to what you believe and let others do the same!

      • home boy

        if you listen to mormans ,they are like most religions and only use parts of the bible . i heard one say he gets inspired when he reads ezekiel. so i asked him if all of ezekiel or only part inspired him. i told him to read 7;19 and when he did he said that won’t happen. so only part of this book applies to him. thats how most religions work. take what you need and forget the rest. itsnot important. look at the jews. they will not acknowledge the existence of the new testament. why? by doing so they have to agree that jesus is the messiah . i know i will get some heated comments on that statement but it’s true. you’re right that everyone has a right for their own beliefs. but if you are going to go door to door and tell people about god then you should use 100% of the bible and nothing less. the bible is a book written by god thru man. the book of morman is a book written by man not god.

        • ValDM

          The only thing I can find in your post that is incorrect is that the jews also don’t recognize most of the Old Testament either. Only the first 5 books of the Old Testament.

          • Al Sieber

            Right on ValDm.

  • tim

    If we were smart we would be doing the same thing as utah. Problem is we have a bunch of liberal socialist types who won’t let the same laws pass!!

  • hicusdicus

    Ya all need to get used to the smell of DooDoo cause we are deep in it and are gonna be in it for a long time if not forever.

    • Cawmun Cents

      It’s not the smell that bugs me so much.It’s the taste of what they keep trying to force feed me.Spitting it out isnt the way to go because they shovel another mouthful in as soon as you do.Of course when you are up to your neck in it,you make due with the stench.who would nave ever thought that waders wouldnt be enough….now that I have my scuba gear on.-CC.

  • Pathfinder

    Just remember; we need to water the tree of liberty from time to time.

    • Al Sieber

      Yes we do Path, because they’re pi$$ing on it.

  • Wayne937

    You Conservative folks need to keep writing your Congress Members. Keep the heat on them so they can keep this administration in line until we kick them out in 2012. Below is my letter to my Congress Members:

    Honorable Toomey, I am writing to you because I have respect for you. I know that you read you constituents e-mail personally from the messages I have received back from you. I am writing you today about what I think is a detriment to out country. I am an avid follower of Fox News. I have been hearing more and more on “Fast & Furious” which allowed the ATF to sell firearms to the Mexican Drug Lords. I am very concerned over this and other things that Attorney General, Eric Holder, has done to lower the image of our great nation. Mr. Holder had dropped charges on several members of the Black Panthers for intimidating voters in Philadelphia in 2008. He has brought terrorist to this country to be be tried in civilian courts. This will cost the taxpayers millions, and millions of dollars to try these cases. We know terrorists should be tried at Gitmo. It also allows the attorneys for these terrorist to see sensitive information which should never be allowed. Congress has allowed Mr. Holder to get away with all the criminal things he has done without much criticism. There has been two Americans killed with the guns the Mexicans Drug Lords has purchased through the ATF. Why doesn’t Congress hire a special prosecutor to look into all these allegations that I have described above. Since Mr. Holder is directly responsible for the ATF, you know as well as I know, that he knows, or should have known this was happening. They always says the buck stops at the top. My guess he gave the permission to do this. To my knowledge there has not been much action taken to get to the bottom to see what actually happened. I don’t Eric Holder is a man who loves this country. In my opinion, Honorable Toomey, I am 100 percent certain that President Obama is a Muslim, and this really concerns me. I would like to see Congress clean out this rat’s nest in this administration before this country is completely a Communist Country. It appears to me that Obama is already a dictator who is controlling Congress. It appears to me that we are heading in a Communist direction with this current administration. Another thing that bothers me is that this President hire Czars without even having them vetted by Congress. This should also stop. Look at Communist Van Jones that Obama hired. Thanks to the pressure of Glenn Beck Van Jones is not any longer employed in that position anymore. feel our Leader ship in Congress is failing the American People and this is sad. I don’t have any respect for Harry Reid. I am hoping for a better leadership from John Boehner. Congressman Boehner is going to have to get tough with this administration if he is going to stay in good graces with his constituents. I hope Congress gets enough courage to put this administration in its place. Thank you for your time.

    • Tom Anderson

      Dear Wayne937,

      I think that you are very mistaken. There has NEVER been a US President who was more integrated into our modern Federal system. In fact, President Obama is an honest-to-goodness PRODUCT of our Federal Gubmint.

      What do I mean when I say that Obama is a PRODUCT of our Feds?

      How did Obama’s parents meet and copulate to PRODUCE Obama?

      The CIA flew Obama’s Daddy from Kenya to Honolulu – fully funded by the CIA. It was a CIA operation to get Obama’s Daddy to Honolulu.

      Obama’s Daddy and his Mommy met in a USAID sponsored setting. USAID is simply a front organization for the CIA.

      Both Obama’s Mommy and Daddy were funded by front organizations of the CIA (mostly the Rockfeller group) and they met and copulated via that funding.

      After conceiving Obama, his Daddy left for another woman. The CIA and USAID assisted Obama’s Mommy to meet her next husband (and Obama’s adopted new Daddy) – a CIA contact in Indonesia.

      Both Obama and Obama’s Mommy and his GrandMommy were/are CIA assets.

      Don’ you ALL get it yet??? We will NEVER see a REAL birth certificate of ANY OTHER REAL document related to Obama’s background (education, birth, military, Sel. Service, IRS) because his is/was a CIA asset.

      Our entire Federal Guvmint (courts and congress) is obligated to hide any and all information about CIA assets.

      Why hasn’t Bob Livingston covered this? Is he CIA too?

      Never has there been a MORE Federal President in our entire history – his conception, birth, education, political career was assisted and funded by our own CIA. He is the ULTIMATE INSIDER.

      He and his Mommy worked with the same CIA group as W’s Daddy in the CIA. What in the hell do you think Obama and his Mommy were doing in Pakistan??? They were not there on vacation or starting a McDonalds.

      Ever wonder why Obama loves any war he meets? Libya is just a beginning. He has a big hankerin to attack Iran – make all the GOP very happy!

      What did Ike warn us all about? We are simply getting what we deserve.

      Note, Lee Harvey Oswald was also a CIA asset – confirmed!!!

      • JLC

        Tom — Just what, pray tell, is a “Gubmint?”

      • Wayne937

        Tom, I don’t like crooked politics, crooked CIA, or anyone who would entertain this sort of thing. I think it is about time that decent hard working Americans clean up this mess we call government. This is exactly what I am trying to do. We need more people to quit watching their favorite soap operas, and their favorite sports long enough to cleaan up this rats nest we have in our government. We need millions and millions of decent folks to come on board to see this gets done. It can be done. I could write a book on how Obama has treated the American People. I hope that I am not the only one who can see what this man has done. If so, then we are in deep doo doo. I will just mention one our of hundreds of things he has done. What about the poor stock and bond holders losing their money when the government took over General Motors. These folks lost the biggest part of their stocks and bonds in GM to the crooked union leaders. I don’t how you slice the pie, but this was wrong and any sensible person would have to agree. I don’t care who supported Obama and his Mommy, it is time for Obama t be fired so we can hopefully get some one who will be honest. I would like to see Sarah Palin as our president and you would see a more honest government. I don’t think either party wants to see Mrs. Palin as our president because we do have corruption in our Republican party as well as we do in the Democratic Part. Reid, Pelose, Rangel, Waters are just a few of the one who readily sticks out in my mind.

        • Tom Anderson

          Dear Wayne,

          Let me get this straight – you think that there is ANY significant difference between Obama and either of the Bushes?

          Sorry to disillusion you, but the present actor on the stage is Obama, Bush Snr and Jnr used to be on the stage. The actors are ALL THE SAME!

          They go to the same schools, sit on the same Board of Directors (with Bin Laden family on Cargyle), and are all card carrying CIA assets. What more do you need to know.

          I doubt that Palin will cave to the MIC, but she will never be allowed to come close to the office – she or Ron Paul will suffer an accident or get a sudden disease if there get within spittin range of the WH.

          The MIC WANTS you to think that there is some difference between Obama and Bush. There is NO difference, they both take orders from the same powers – - as did Daddy Bush.

          GrandDaddy Bush (Prescott) funded Hitler and the NAZI’s. You have to admit that Obama does NOT have a fundor of Hitler in his scurrilous ancestry.

          Budget problem? There ain’t no budget problem. The MIC is engorging itself on the ADDITIONAL $17 Billion it just got from the Congress. Did YOU get a $17 Billion increase?

          Any congressman who attempts to starve the MIC will find himself either out-of-office or MUCH MUCH WORSE>

          JFK fired Dulles (Head of CIA) – shortly later his brains were splattered on the trunk of his Lincoln. Do you get the message? Our Congressmen have got the message.

          • Montie R

            At LEAST Bush has a REAL diploma, that we can SEE for our selves.

          • BigBadJohn

            WOW that certainly is a skeptical POV…

            I AGREE

            Question EVERYTHING!

    • jibbs

      You need to proof read this first.(no pun intended)

  • Ted Posey

    I’ve enjoyed reading all the comments and posturing, but fail to see anyone raising the question that concerns me. What problem does this legislation fix? What is the current tax situation on gold and silver coins? Are they taxed as persoinal property? Or are sales and purchases subject to a special tax? Or what? Also does this apply to foreign coins, (Maple leafs, Kruegerands etc. ) or just U.S. Issued coins?

    BYW, pictures I’ve seen of Roman coins from Jesus time were made of bronze (containing copper, a semi precious metal) or silver. And there’s no record of Jesus condemning that. Indeed he held one up and said, “Render unto Caesar the things that are Caesars.”

    • Tom Anderson

      Dear Ted Posey,

      Let me explain the little that I understand.

      Let’ say that you, ten years ago, purchased a real US Silver Dollar for $10. Yesterday, you sold that same coin for $50. You would owe the US Federal Guvmint a CAPITAL GAINS TAX related to the $40 of “profit”.

      The mass of silver in the coin did NOT change but, yet, you will owe a tremendous TAX to the US Guvmint when you sell that coin..

      If you are young, you are probably NOT aware that when I was a kid, I could take a $1 paper Silver Certificate out of my wallet and take it to the US Guvmint and they would give me a little envelope with some real silver metal in it. Try THAT today!

      I would argue that the God of the Old Testament and Jesus himself had a particular fondness for PURE GOLD and SILVER.

      In the Old Testament, God demanded that many of the particulars of the Arc of the Covenant be made of a SINGLE piece of PURE GOLD (alloys of gold were NOT allowed).

      Also, Jesus had many references to coins – remember the silver coins in the fish? Who put those silver coins into the fish? It was NOT Bernanke or Geitner! The two “mites” of the widow?

      But our modern GOP politicians are much smarter than Jesus or the God of the Old Testament. They print green pieces of paper which have tremendous advantages over gold and silver.

      As Pathfinder pointed out, FDR launched the most serious attack on a precious metal currency, but the GOP has been absent whenever there was an attack on our currency (and Nixon actually performed the coup-de-grace in 1971 and the GOP didn’t offer even a whimper of protest).

      • home boy

        so this god of the old testament has a name . do you know it? if your knowledge of the bible is as good as your knowledge of metals this should be a easy answer. ps god of old ,god of new testament, same guy.he never left but many have left him.

  • Wayne937

    Just a little information on Sarah Palin: Maybe this is why the press does not like Sarah Palin.

    Dr. John E. Russell says:
    July 10, 2011 at 6:39 pm
    Dear Friends,

    Below is an informative article about Sarah Palin–never heard this information in the liberal media. Please send this to your friends and family.
    The web address for this article is It is also included in Sarah Palin’s book, Sarah Palin: Going Rogue: An American Life, pp. 405-408.

    Dr. John E. Russell
    Chaplain (COL) AUS Retired

    By Dewey Whetsell
    I wrote the following piece in July and it’s been read by thousands of people, many of whom wrote and called me to express their gratitude. I wanted to write a complimentary piece without taking cheap shots at any other individual. Anyway, it was suggested that I post it here as well. Here goes:

    “The last 45 of my 66 years I’ve spent in a commercial fishing town in Alaska. I understand Alaska politics but never understood national politics well until this last year. Here’s the breaking point: Neither side of the Palin controversy gets it. It’s not about persona, style, rhetoric, it’s about doing things. Even Palin supporters never mention the things that I’m about to mention here.

    “1- Democrats forget when Palin was the Darling of the Democrats, because as soon as Palin took the Governor’s office away from a fellow Republican and tough SOB, Frank Murkowski, she tore into the Republican’s “Good Ol’ Boys Club” (GOB) and sent them packing. Many of them are now residing in State housing and wearing orange jump suits. The Democrats reacted by skipping around the yard, throwing confetti and singing “la la la la” (well, you know how they are). Name another governor in this country that has ever done anything similar. But while you’re thinking, I’ll continue.

    “2- Now with the GOB gone, there were fewer Alaskan politicians to protect the huge, giant oil companies here. So, she constructed and enacted a new system of splitting the oil profits called “ACES”. Exxon (the biggest corporation in the world) protested and Sarah told them “don’t let the door hit you in the stern on your way out.” They stayed, and Alaska residents went from being merely wealthy to being filthy rich. Of course the other huge international oil companies meekly fell in line. Again, give me the name of any other governor in the country that has done anything similar.

    “3- The other thing she did when she walked into the governor’s office is she got the list of State requests for federal funding for projects, known as “pork”. She went through the list, took 85% of them and placed them in the “when-hell-freezes-over” stack. She let locals know that if we need something built, we’ll pay for it ourselves. Maybe she figured she could use the money she got from selling the previous governor’s jet because it was extravagant. Maybe she could use the money she saved by dismissing the governor’s cook (remarking that she could cook for her own family), giving back the State vehicle issued to her, maintaining that she already had a car, and dismissing her State provided security force (never mentioning-I imagine-that she’s packing heat herself). I’m still waiting to hear the names of those other governors.

    “4- Now, even with her much-ridiculed “gosh and golly” mannerism, she also managed to put together a totally new approach to getting a natural gas pipeline built which will be the biggest private construction project in the history of North America. No one else could do it although they tried. If that doesn’t impress you, then you’re trying too hard to be unimpressed while watching her do things like this while baking up a batch of brownies with her other hand.

    “5- For 30 years, Exxon held a lease to do exploratory drilling at a place called Point Thompson. They made excuses the entire time why they couldn’t start drilling. In truth they were holding it like an investment. No governor for 30 years could make them get started. This summer, she told them she was revoking their lease and kicking them out. They protested and threatened court action. She shrugged and reminded them that she knew the way to the court house. Alaska won again.

    “6- President Obama wants the nation to be on 25% renewable resources for electricity by 2025. Sarah went to the legislature and submitted her plan for Alaska to be at 50% renewables by 2025. We are already at 25%. I can give you more specifics about things done, as opposed to style and persona . Everybody wants to be cool, sound cool, look cool. But that’s just a cover-up. I’m still waiting to hear from liberals the names of other governors who can match what mine has done in two and a half years. I won’t be holding my breath.

    “By the way, she was content to return to AK after the national election and go to work, but the haters wouldn’t let her. Now these adolescent screechers are obviously not scuba divers. And no one ever told them what happens when you continually jab and pester a barracuda. Without warning, it will spin around and tear your face off. Shoulda known better.”

    • C130 Gunship

      Wayne937……WTF does your post have to do with Senators Introduce Legislation to To Remove Tax Burden On Gold And Silver Coins? Once again your obvious inability to comprehend the subject at hand may indicate a deficiency in your reading skills/abilities. Your post here is the same exact horse$hit post as on the Nominal vs. Real Dollars article. Did you just learn how to use the ‘copy and paste’ function today? You really need to get to a hospital quick and see if it is possible to reverse your recto-cranial inversion!

  • Mark Herpel

    Wow, that’s all I can say about these comments. Buy gold, own silver and sleep at night.

  • Alexis

    If they want your gold, silver, food or whatever, just follow Nancy Reagan’s immportal words, “Just say No!” The consent of the governed is slowly wearing away with each misuse and abuse of perceived “power”. Once the currency is wrecked, then there is no sense in keeping that system of governance going. It is time for a massive reset and establishment of new government. The Constitution gives us those tools.

  • Wayne937

    A Real Eye Opener … WHY is the Mighty USA BANKRUPT?

    You think the war in Iraq was costing us too much? We have been hammered with the propaganda that it was the Iraq war and the war on terror that is bankrupting us.
    $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments.

    $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens.

    $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.

    $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English!

    $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies.

    $3 Million Dollars a DAY is spent to incarcerate illegal aliens. 30% percent of all Federal Prison inmates are illegal aliens.

    $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the
    American taxpayers.

    $200 Billion dollars a year in suppressed American wages are caused by the illegal aliens.
    The illegal aliens in the United States have a crime rate that’s two and a half times that of white non-illegal aliens. In particular, their children are going to make a huge additional crime problem in the US

    In the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern
    Border also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin and marijuana, crossed into the US from the Southern border.

    The National policy Institute estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.

    In 2006, illegal aliens sent home $45 BILLION in remittances to their countries of origin.
    The Dark Side of Illegal Immigration: Nearly One million sex crimes Committed by Illegal Immigrants In The United States



    • Al Sieber

      You are correct my friend.

  • Yeshua friend

    Since gold and silver coin or certificates have always been the only thing our U.S. Constitution recognizes as lawful money for the payment of debts, the only thing I can see this legislation doing, is closing a common loophole that has been used for years to avoid paying taxes. IE. the excuse being that they do not have any lawful money as established under the U.S. Constitution to pay there taxes with, whereby the government can not force them to break the law by requiring payment in unlawful tender.


  • chuckb

    barry and michelle are spending our gold. “not theirs”

    This is from Mark Knoller of CBS.

    The pilots and crew of Air Force One are flying more hours than a rookie on a beer run. They are tired of it too, and are adding more crew to Air Force-1, – I know this for a fact because I’m one of the instructors that trains the crews. Our company (Atlas Air) has had the Air Force-1 and E-4 contract for over two years and I’ve been doing it for about 8 months now.

    Last year (2010) Obama flew in Air Force One 172 times, almost every other day.

    White House officials have been telling reporters in recent days that the Democrat doesn’t intend to hang around the White House quite so much in 2011. They explain he wants to get out more around the country because, as everyone knows, that midterm election shellacking on Nov. 2 had nothing to do with his health care bill, over-spending or other policies, and everything to do with Obama’s not adequately explaining himself to his countrymen and women.

    And with only 673 days remaining in Obama’s never ending presidential campaign, the incumbent’s travel pace will not likely slacken.

    At an Air Force-estimated cost of $181,757 per flight HOUR (not to mention the additional travel costs of Marine One, Secret Service, logistics and local police overtime), that’s a lot of frequent flier dollars going into Obama’s carbon footprint.

    We are privy to some of these numbers thanks to CBS’ Mark Knoller, a bearded national treasure trove of presidential stats. According to Knoller’s copious notes, during the last year, Obama made 65 domestic trips over 104 days, and six trips to eight countries over 22 days. Not counting six vacation trips over 32 days.

    He took 196 helicopter trips, signed 203 pieces of legislation and squeezed in 29 rounds of left-handed golf.

    Obama last year gave 491 speeches, remarks or statements. That’s more talking than goes on in some entire families, at least from fatherly mouths.

    In fact, even including the 24 days of 2010 that we never saw Obama in public, his speaking works out to about one official utterance every 11 waking hours. Aides indicate the “Real Good Talker” believes we need more.

    Related: Obama spends nearly half his presidency outside Washington, plans to travel more

    Related: Vacationer-in-Chief Spends $1.75 Million to Visit Hawaiian Chums

    Obama has spent over $100 million taxpayer dollars flying around in Air Force One, and probably another $100 million on his entourage. Obama is just another tin-pot dictator living lavishly at the expense of his subjects.

    And we seniors have to “tighten our belts” because we aren’t getting a COLA again this year… and none last year!

  • Barry lott

    Did anyone receive the message

  • Barry Lott

    To all I am a biblical ( spiritual person) like some of you are. Our Nation as you have stated is in the worst shape ever. Sadly this will continue for a time. The words of men fall by the way but some touch correctly on happening in the Government and Finances of the nations and other nations.. So let me share some words from prophets. The good and the evil that is upon us as a nation. I will tell you I am not a morman or from anyother sect. These predictions are for those will consider them and hold close for their safety and for they love. these are the words of the Lord through the prophets. ( Not men words). Caution these predictions are hard to handle. The most shocking event in History event in history is about to take place. Lamentations is coming to America. America will have a change. Look for the European Banking system and fiancial system to suddenly without warning collapse surprising many. Like “economic tidel wave’ to hit the Asian , American and the world financial systems. this will casue panic ,hysteria,chaos. Watch Europe. The next event i am almost not wanting to say. this even t will shock not only America but the whole world. The words of the prophets say the New York city Manhattan have sinned away it’s day of Grace . Sadly danger is ahead unless God intervenes . A catastrophic event that is close to happening in Manhattan. Once this tragic event takes place. business and investment will flee the City and not return. They will move southward to Atlanta and Miami. Due to the terrorist threats and weather conditions . Miami will become in a few shot years the NEW Manhattan and the NEW Time Square. God’s hand is being removed from New York City. The sins ., corruption ,perversion ,filth and degradation has crossed God’s spiritual Deadline and have committed Spiritual Suicide. Get out of New York City get out. the Lord reveal to the prophets this will be much much worse then 9/11. The Arab is very angry with america. This explosion will be shocking it will cause blackouts, no telephone service, looting, panic terror chaos like never before. Buildings will be falling the earthwill shake. Many will be unprepared . so get prepared anyway. Fodd stoes will emtpty within hours. ( Lord say’s GET OUT OF There!!!! Rampage ,violence ect. a total black out . . The word of the Lord ids you have been warned. A ” Dirty Bomb” Nuke-suitcase . The enemies of our nation are in our nation. This is tough to mention but very little will listen. Their will be in several cites simultaneously in blackouts no power, fear panic, the people all will were in consternations. The Lord is warning STAY AWAY FROM LARGE GROUPS GA SUCH AS BUILDINGS, AND SQUARES WILL BE BOMBED. STORE FOOD UP FOR AT LEAST 30 DAYS. People this will be a huge addtional Shock to the Financial World. New Laws are coming to america like never before New government order ,police power, New rules and policies yes even martial Law and curfews. God has revealed this to the prophets several times. God has wared the prophets The Arab terrorist are coming VERY Angry and they are coming. God’s hand is revulsed into removing his hand. and shields of protection from the New york City-Manhattan. Get Out!!! The reprobates is so terrible and putrid to his nostrils . that he has been REVULSED. Third world living is coming to America in many areas. America will never be the same. Righteness Exaults a NATION. The current administra will be voted out of office in 2012. Look for a righteous president to be in office who will not be afraid of anyone and will make decisions that the country needs. The oil and gas will in the Eagle Ford areas will be abuntant . look for fuals prices to be DOWN considerable. expect newer fields to show promise ,including the Niobrara ( which stretches under Wyoming , Colorado, Nebraska, and Kansas). The NEW Discovies coming on the scene with Water and Light for energy will soon cause America within a 5 to 10 year period with the with Gulf of Mexico in production by 2020 will sslashoil imports by 60 % . The USA will soon not depend on Middle Eastern Oil in coming years. Gold price will go to Highs like never before. Many other predictions from the prophets are available . My friends Housing prices will go done. but after the tragic event to that is to take place in New york City , people will be looking to purchase rural land which will triple in price. When in fact terrorist attacks are coming to many cites simultaneously ,all at once provoking chaos. Protect your families like never before trust no one. Water will be a great need .Wisdom speaks prepare Now… to close Pray for America like never before if you have friends or other in this area ask them to move just move. Get out of debt now. Many things will be like housing will be Not expensive except from farmland , rural Land will triple.silver will profit more then gold in the long run. Watch Europe. The lord revealed a type of converter box which will generate electricity not needing regular fual. it will be off the grid. It will be like you could live in the jungle and have electricity. the will change the way the world would receive energy. May God Bless All. Pray for America.

  • LarrWayne

    One step towards not being dependent on foreigners for oil is to get a foreign imposter out of the white lies house.

  • Victor Heddins

    John Kennedy signed executive order “11110″ six months before he was murdered. Executive Order 11110 gave Congress the right to issue “Silver Certificates” to the public, which put them in competition with the Federal Reserve Bank.

    Never forget, the “Federal Reserve Bank” is not Federal, they have no reserve, but they are a Bank, and a dangerous one at that.

  • chuckb

    victor, in the early sixties silver started to raise in value and we had more silver certificates out than silver to back them, this had nothing to do with competition to the fed reserve, nixon did the same 2with gold, this was not a conspiracy. foreign nations holding large amounts of silver certicates could demand silver in exchange and damage our economy.

    Silver certificates were first issued in exchange for silver dollars in 1878. For many years silver certificates were the major type of currency in circulation. However, in the early 1960s when rising silver prices threatened to undermine the currency system, Congress eliminated silver certificates and also discontinued the use of silver in circulating coinage such as dimes and quarters.

  • Pastor Brian

    I think a litmus test for president ought to be “nationalizing the Fed, and then wiping all we owe them clean.”

    In other words, let them buy up our debt, nationalize the fed and we are clean of debt.

    Castro did it, and it was a wise move. It would not be stealing to take back what has been stolen from us through fraud.

    what do you think?

  • Kaleidescope

    First, unless I have read it incorrectly, the article states that the law would change the way proceeds from the sale of gold or silver coins is taxed…it appears to have nothing to do with actually using the coins as currency. That portion of the article is disconnected from the legislative matter. So unless you have bought coins to resell later for profit (ie as an investment) you will not be impacted.

    Secondly, unrelated to the article but in question to some of the discussion I query this…Every discussion of being prepared for chaos that I have read seems to focus on food, precious metals, barter items, seed stock and personal protection items.

    What about water? Few have their own water source and rely on a commercial source. And those few who do currently have a ‘private resource’ mostly seem unaware that the EPA recently issued a regulatory change that declared that every drop of water in this nation belongs to the government and is under their federalized control.

    Energy is never really addressed either. Few of us have the expensive, fragile and low production but government touted solar/wind alternatives. Those who do have discovered that it takes a very large system to come close to replicating the daily kwh usage of our modern, American lifestyle and an impossibly huge system to generate the capacity to fuel the expensive clown car electrics.

    Whether we hold gold/silver money the new government will still be able to control us through withholding basic resources.

  • James

    I would suggest the fed’s printing press is not the culprit, it’s rather the deficit spending by Congress. Article I, Section 10, Clause 1, reads: “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” Welcome to the eighteenth century.

  • Chase

    The Gold Confiscation of 1933 is the single most draconian economic act in the history of the United States!

  • kickboxing Houston

    These, along with Substance Abuse are believed Substance Make use of Disorders.


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.