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To "The Precious Metal Purchasing Act" From Executive Order 6102 - Santelli's Take

Tyler Durden's picture




 

"Ever heard of SB3341?" is Rick Santelli's opening salvo in today's rantless discussion of the concerns he has with Illinois' 'Precious Metal Purchasing Act'. While passed in the Illinois Senate last year, and moth-balled in the House since, Rick notes that "the long and short of it is is they want an audit trail to any precious metals, whether you're talking coins or bullion." It does not seem too much of a stretch to this Chicagoan to the 1933 Executive Order #6102 that confiscated gold and cleared the way eventually for Nixon's 1971 disconnect of the dollar from gold. As Liberty Blitzkrieg's Mike Krieger notes: "So let me get this straight.  First they want gun registration and now precious metal registration?  I’m sure the government would only use such information in our best interests, because as we all know: Your Government Loves You.  Sounds reasonable, after all, only 'terrorists' buy guns and gold anyway."

 

 

From the bill (found here)

...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.

 

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Thu, 01/10/2013 - 16:49 | 3142002 AccreditedEYE
AccreditedEYE's picture

Best 10 minutes of the day coming up... RAMP-A-THON

Thu, 01/10/2013 - 17:17 | 3142047 TruthInSunshine
TruthInSunshine's picture

Who's surprised? It'll soon be the case that anything that's valuable & that can be transported will have to be registered for real time tracking, because BigGov&Brother.com wants to ensure it can be recovered if stolen or lost.

All you reckless boatsmen & fishermen, prone to losing valuables at sea in tragic mishaps, rest easy Komrades, for the U.S.S. Capital Control is a blindingly bright vessel of Demokracy, always cruising the high seas, and will recover your "lost" bounty.

#ItIsForYourOwnGood

#WhenYouBuyFirearmsOrGoldOrSilverThatIsTerroristy

#IfYouSeeSomethingSaySomething

Thu, 01/10/2013 - 17:25 | 3142209 Zap Powerz
Zap Powerz's picture

Imagine how shocked you would have been to hear such bold attempts to control people 10 years ago.

Now it is a steady stream of statist regulations.  They want to regulate guns, precious metals, they can spy on you without a court order, you can be detained without being charged.

This is not a free country.

And, sadly, it will only get worse.  All of our worst nightmares about where this country is headed will come true.  No if's and's or but's about it.  We will have to decide if we want to live as slaves or die free.  Most will chose to live as slaves.

Thu, 01/10/2013 - 17:41 | 3142275 NotApplicable
NotApplicable's picture

They just want to see how traditional we are, that's all.

Thu, 01/10/2013 - 18:11 | 3142411 SamAdams
SamAdams's picture

Some people believe this is the 4th Reich and Dimon admits (to the CFR) the bond ($) will soon implode. How can this be possible when Benny is only printing $85b a month? I will glady register my guns and gold if it means the continued success of our beacon of freedom known as the USSA. Then again, maybe I won't....

Thu, 01/10/2013 - 18:57 | 3142552 TwoShortPlanks
TwoShortPlanks's picture

Answers to the question of "Why?" Becomes evident in the John Holdren White Paper (1977), Ecoscience. If you haven't read it you won't see the underlying reason for ALL their decisions. The Whys, you already know the Hows. Know the Whys and you'll see the future much clearer.
America and Europe MUST be impoverished and that wealth loss MUST be transferred to 2nd, 3rd & 4th World Nations (not 5th though, they're cut loose). Ref to Chapter 15 onwards.
It is now clear that the 'New Money' have joined the Old Money' in the planning.
Basically, you're completely fucked in the US.

Thu, 01/10/2013 - 19:02 | 3142592 FEDbuster
FEDbuster's picture

There was a gold sales 1099 provision in Obamacare.  I think it got thrown out, but it required dealers to 1099 all bullion sellers over $600.  I am sure it will be revisited soon.

Thu, 01/10/2013 - 19:18 | 3142620 TruthInSunshine
TruthInSunshine's picture

There are very specific and particular reasons that gold, silver and other precious metals do not benefit from the far lower long term capital gains tax treatment on 12 month+ at least a day holding period gains that other asset classes (that the benevolent government does bless) enjoy...

Thu, 01/10/2013 - 21:34 | 3143034 economics9698
economics9698's picture

When the SHTF hang as many bankers as you can.

Thu, 01/10/2013 - 21:44 | 3143072 Manthong
Manthong's picture

You should see the size of the hems on all of my family's clothes. 

Thu, 01/10/2013 - 22:48 | 3143238 SILVERGEDDON
SILVERGEDDON's picture


I have to poop.  Paper sucks, you Wall Street fucks! I'll see you vampires in the sun, with my loaded silver gun. Yer goin' down in flames, from Lower Manhattan to the Thames. Your paper is I know not where, I'd rather shit my underwear!  For, be there bull, or be there bear, silver is the suit I wear! (With gratitude, and apologies to Dr. Seuss.)

 


The only paper I own is the stuff I wipe my ass with. Market paper is worthless, because I cannot do a good job of wiping my ass with it.


Gold was worth $28.00 an ounce when I was a kid. Silver was worth whatever was printed on the coin you spent. Any one think those days are coming back? All of the lying bum fucking aristocracy of the Age Of Paper Power can burn in their paper suits soonest. I won't even bother pissing on them to put out the flames.



I collect gold, silver, lead, copper, real dry powder, food, tools, diesel fuel, and other useful commodities. There is a community of folks all doing the same, so skill sets and extra eyes and hands can guard each others sixes, and "break on through to the other side, break on through to the other side, YEAH "


HFT ain't good for me. 

Credit defaults far as the eye can see.

 

CDS's gonna make some messes. 

Boo hoo hoo as thieves confesses. 

TBTF gonna fall off a cliff - REAL NEAT. Wall Street is a bunch of fucking dead meat.

 


Banks used to be so overleveraged bold.


Now, they're layin' bankrupt,dead and cold. Gonna be nothing but prepper people, all the rest gonna be surprised fucked up Sheeple. God bless this mess. I must confess. I'm a fucking poet,

 

and didn't even know it.

Oathkeepers, Molon Labe. Bitchez. 

 

RISK ON, RISK OFF. DROP YOUR COCKS, AND GRAB YOUR SOCKS, BECAUSE THIS DISNEYLAND RIDE IS JUST BEGINNING !!!!!!!!! 

Thu, 01/10/2013 - 23:04 | 3143283 wee-weed up
wee-weed up's picture

Methinks Santelli would be wise to hire some armed 24/7 protection, as TPTB and the TBTF folks just might feel their agenda a little bit threatened by the truth he's proclaiming.

Fri, 01/11/2013 - 05:27 | 3143379 Harlequin001
Harlequin001's picture

It's an attempt to track who's making what money and where at home. How long do you think it will be before this gold is shipped abroad, resold or even just swapped and brought back in or even held offshore under a company title without any documentation whatsoever?

'shall not pay for the precious metal in cash...'

Funny that, I thought it was legal tender and you had NO CHOICE but to accept it when offered????

Seems to me that I no longer HAVE to accept worthless paper for anything that now contains ANY gold.

Cool.

So, if I want to sell you this rather large hamper with just 1 gramme of gold in it I no longer need in fact it sounds like I'm not even allowed to accept your worthless paper dollars. Suits me.

I wonder where this leads...

Sat, 01/12/2013 - 05:00 | 3146733 steve from virginia
steve from virginia's picture

 

 

Gold was worth $28.00 an ounce when I was a kid. Silver was worth whatever was printed on the coin you spent.

 

A computer that had the computational capacity of the one in your cell-phone did not exist when gold cost $28 per oz (before 1933), the most powerful computer available in 1945 cost $500,000 (+$6 million today).

 

The vast majority of citizens don't buy gold or silver, they don't care. What it costs doesn't matter, it's simply irrelevant, like the price of fugu or a trip on the Trans-Siberian Railroad.

 

So-called 'paper' isn't worthless, it represents a binding claim against your time. Time is the part you can't easily measure. Think about it for a minute. Your time is worth more (or less) tomorrow. It's worth more (or less) the day after. When you devote less time to labor (more to leisure) you reduce the worth of your time ... it is YOU who depreciates paper b/c the worth of your TIME falls. At some point there is nothing to make a claim against, the paper has more worth than the holder of it.

 

This is a paradox but it is at the center of our economic difficulties. The more successful we are the less our claims are worth.

 


 

Cheers!

Fri, 01/11/2013 - 03:40 | 3143567 Marco
Marco's picture

Banks will collapse ... but the bumfuck aristocracy will be sitting on the same thing they've been sitting for most of history, almost everything. Half the wealth in the world is owned by a little over a 1000 people, this will still be true after the economic collapse ... it will wipe out a lot of their paper wealth, but they will still have almost all the productive capital and natural resources in existence (especially after nearly everyone else defaults).

So congratulations on hitching a ride on their quest to restore the historical status quo, you and yours can become freemen ... but don't kid yourself, you will be living in a land of peons ruled by an aristocracy. Gold is not their enemy.

Fri, 01/11/2013 - 05:42 | 3143631 samcontrol
samcontrol's picture

doods, you are boring the f out of me with these end of the world everyday

Thu, 01/10/2013 - 23:13 | 3143302 elementary
elementary's picture

Don't forget the politicians and judges.

Thu, 01/10/2013 - 19:21 | 3142632 macholatte
macholatte's picture

 

 

Imagine how shocked you would have been to hear such bold attempts to control people 10 years ago.

 

And that's the idea in a nutshell. Conditioning, Conditioning, Conditioning. Just look at the TSA for example with its tolerated violation of personal space and "guilty untill proven innocent" standard of practice. Embezzlement is now common place. The concept of privacy is alien to most people (the list is huge).

It's all very sad.

Thu, 01/10/2013 - 19:48 | 3142702 krispkritter
krispkritter's picture

I love to trot out this oldie but goodie on these pieces. Bloomy's not far from this right now...

Lipid Leggin' 

Fri, 01/11/2013 - 02:53 | 3143542 Nobody For President
Nobody For President's picture

Amazing! Thanks - 1978 - he was WAAAAAAAAAAAAAAy ahead of his time.

Thu, 01/10/2013 - 19:41 | 3142682 PLira
PLira's picture

check this out.

 

TC: Sure. When they created the Patriot Act [in 2001], the excuse was that the terrorists who blew up the Twin Towers had used pure gold and silver to finance their flight training. Whether that’s true or not, I don’t know. But the US imposed reporting requirements on sellers of 24-carat gold coins. If you sell more than 24 ounces in one year you’re required to file a Form 1099 with the IRS.

From here:  http://www.goldismoney2.com/showthread.php?41079-How-to-Sell-Gold-Withou...

Thu, 01/10/2013 - 22:10 | 3143020 RockyRacoon
RockyRacoon's picture

Has everyone overlooked the fact that this article is about a proposed Illinois law?  It's a State issue.  Aren't we all in favor of this instead of a Federal move on the matter?  It's about money in the long run -- revenues.  The coin show circuit is taxed for sales in some states and not in others.  If ya don't like the Illinois law then vote with your feet.

http://www.thedailybell.com/28559/Gold-and-Silver-Registration-in-Illinois

I don't know about the rest of you, but Santelli is wearing a bit thin in my view.  He tends to get tangled up and incoherent at times.  Loss of focus with some issues.  Love the guy but he's gonna blather himself out of a job sooner or later and we'll all suffer for the loss.  Does the name Ratigan ring a bell?

Thu, 01/10/2013 - 22:20 | 3143183 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

Has everyone overlooked the fact that this article is about a proposed Illinois law?  It's a State issue.  Aren't we all in favor of this instead of a Federal move on the matter?

 

I do not believe that everything that a state government might want to do to you should be encouraged simply because it is being done by a state government rather than the federal government.

Thu, 01/10/2013 - 23:23 | 3143317 wee-weed up
wee-weed up's picture

State = Illinios = Chicago = the Obama Admin.

'Nuff said!

Fri, 01/11/2013 - 11:16 | 3144146 RockyRacoon
Thu, 01/10/2013 - 23:25 | 3143320 francis_sawyer
francis_sawyer's picture

Fret not my dear 'coon...

~~~

Santelli's BOSSES will 'out of focus' him when the time is right... Hell ~ they might even convince you that he is John Gacy's EVIL-ER-ER twin if you don't get the first memo...

Friends & Family will line up around the corner to lap up that tasty doorstep milk...

Fri, 01/11/2013 - 00:29 | 3143418 RockyRacoon
RockyRacoon's picture

That's what I'm afraid of.  I never said he should disappear but I think he might try being a tad more focused.

He shouldn't go all Alex Jones on the network or we'll lose a valuable asset.

Fri, 01/11/2013 - 08:51 | 3143753 francis_sawyer
francis_sawyer's picture

I can't say I mind having Santelli around [even if he gets edited]... & yes, he is a valuable asset [by any definition]...

~~~

I look at it this way... MY OWN voice is the bluntest instrument in the box [though most consider it barbaric]...

This is a whole different topic, but I liken the whole thing to 'Medecine'... I think peple have been 'conned' into thinking that 'Medecine' is so much more advanced than it was centuries ago... You see different surgical techniques & marvel at the results, but then you blindly start thinking that medecine has evolved... On the other side of that coin is that most cancer could probably be treated with hemp oil yet doctors use barbaric CHEMO because that road is more profitable... Yet francis_sawyer is the lunatic for NOT getting all emotionally involved with 'CHUCKSTRONG' & other such movements...

They think 'vaccinations' were the cure all for everything, yet the same medical practitioners [knowingly or unknowingly] are now using vaccinations as delivery systems for eugenics... Once again ~ francis_sawyer is the BAD GUY for calling that into question... Even people on ths blog would prefer that I shut up aout these things [& focus on the REAL IMPORTANT issues like whether or not the S&P is going to hit 1,500]...

Yeah ~ & fuck Alex Jones

Fri, 01/11/2013 - 00:35 | 3143428 RockyRacoon
RockyRacoon's picture

I do not believe that everything that a state government might want to do to you should be encouraged simply because it is being done by a state government rather than the federal government.

I agree, but one cannot advocate State's Rights and then bitch about what a State decides.  There are remedies.

Fri, 01/11/2013 - 21:41 | 3146168 francis_sawyer
francis_sawyer's picture

I'll buy that...

Fri, 01/11/2013 - 08:52 | 3143755 jerry_theking_lawler
jerry_theking_lawler's picture

totally agree. it is a State's right.....so let those ignorant cock suckers in IL fuck up their own state....people can move to freedom loving areas if they choose. if not, then the iron fist and the heel of the jackboot are in store for them......fuckthosefuckingfucks.

Fri, 01/11/2013 - 11:04 | 3144103 RockyRacoon
RockyRacoon's picture

That's my thesis, but you said it much more eloquently.

Fri, 01/11/2013 - 21:43 | 3146175 francis_sawyer
francis_sawyer's picture

I'll buy that too (when you give my HALF OFF ON NEXT PURCHASE coupon)...

Sun, 01/13/2013 - 13:10 | 3148897 RockyRacoon
RockyRacoon's picture

You're beginning to sound like ole Slewie the Pie-rat.   Now there's a sound-minded individual.  He was/is one of my faves.

Thu, 01/10/2013 - 22:22 | 3143193 Cabreado
Cabreado's picture

Don't feel less discomfort because you see it as "a State issue."

The dynamics in play are about the Self-Absorbed -- the Narcissist and the Sociopath -- they know no boundaries, they feed off each other...
they play the same game, and "mission creep" is chomping at the bit to cross State lines (as if it needs to...)

"It's about money in the long run..."

I'm sorry to disappoint you, but "money" is down the list a ways...

it is about Control first, necessary as Self-Preservation comes second...
all else is an inconvenience.

Thu, 01/10/2013 - 22:46 | 3143230 Edelweiss
Edelweiss's picture

 Having such legislation introduced on a state level is the lesser of evils, but it sets an unwelcome precedent.  Considering the "monkey see, monkey do" schools of thought in many states, I wouldn't be at all surprised to see similar proposals around the country.  Also, I'm shocked a serious effort hasn't been made to introduce a VAT tax of some sort.  Notice the AWB in the works includes a taxation scheme as well?  All revenue sources to be considered, for a financially wrecked country.

Fri, 01/11/2013 - 00:05 | 3143387 AwkwardReader
AwkwardReader's picture

I think it's because he works out of Chicago, or am I wrong about that?

Fri, 01/11/2013 - 00:08 | 3143394 tango
tango's picture

You are correct - no nefarious conspiracy,simply a way to bilk people out of more money. What was once non-taxable went to partial (under a certain amount is taxable) to all taxable. Here (TN) our AG just responded to questions. Essentially, if the sale is for intrinsic value (PM) it is taxable.  "Real" money (lol) cannot be taxes because that would "...impinge on Congress’s power to establish a uniform legal tender, which is derived primarily from Congress’s express power to coin money".  Nothing about paying in cash or keeping tabs - it's all about revenue.

An incoherent Santelli makes ten times more sense than most of the "hosts".

Fri, 01/11/2013 - 00:31 | 3143422 RockyRacoon
RockyRacoon's picture

I'm reminded of how misunderstood Ron Paul was.  There were so many issues and so little time!

Santelli could learn from Dr. Paul's experience in staying on message.

Fri, 01/11/2013 - 01:01 | 3143456 monoloco
monoloco's picture

What's to stop people from putting a gold coin on a chain and calling it jewelry?

Fri, 01/11/2013 - 11:11 | 3144099 RockyRacoon
RockyRacoon's picture

It depends upon how you "put it on a chain".  If you drill a hole in it, or put it in a prong bezel, and string it on a chain so that it's one piece -- it's jewelry.  (A diamond is held in place with prongs which makes a ring one piece.) If you put in in a screw bezel, which makes it removabale, and there is no damage to the coin, you have 2 items.  One being the jewelry and the other being the coin.  If you weld a bunch of buffalo nickels into a belt buckle, you have a piece of clothing. 

Thu, 01/10/2013 - 19:15 | 3142613 Texas Ginslinger
Texas Ginslinger's picture

I am bother more by this;

"...Net capital gains from selling collectibles (such as coins or art) are taxed at a maximum 28% rate..."

http://www.irs.gov/taxtopics/tc409.html

Its easy to buy physical PM without the seller knowing the buyer's identity, when done locally at a coin shop, with cash.

What happens if/when the govt. clamps down on the collection of this 28% tax rate...??

 

 

 

Thu, 01/10/2013 - 19:31 | 3142663 Bad Attitude
Bad Attitude's picture

Why would anyone want to turn intrinsically valuable PMs into near worthless FRNs?

Thu, 01/10/2013 - 19:47 | 3142687 Texas Ginslinger
Texas Ginslinger's picture

Good point.

I guess a trade is a better plan.

Not sure I would want to be sitting on a stash of PM if the dollar collapsed.

I would rather have a properly outfitted, seaworthy blue water sailboat at that point in time.

Or a good piece of fertile farm land with a water supply, if I was to stay.

 

Thu, 01/10/2013 - 19:47 | 3142700 FEDbuster
FEDbuster's picture

Food, guns & ammo, fuel, water, medicine/medical care, etc....

Thu, 01/10/2013 - 20:58 | 3142929 TwoShortPlanks
TwoShortPlanks's picture

"Food, guns & ammo, fuel, water, medicine/medical care, etc...."

You dirty, stinking, filthy terrorist! LOL

Fri, 01/11/2013 - 04:42 | 3143600 krispkritter
krispkritter's picture

In that case, add soap to the list.

And I enjoy being a terrrist...

Fri, 01/11/2013 - 00:52 | 3143447 stacking12321
stacking12321's picture

trade is fine, that is perfectly legal.

just don't forget to do your part as a responsible citizen, and fill out IRS form 1099-B to properly disclose your barter exchange.

here is a helpful link for your records:

http://www.irs.gov/pub/irs-pdf/f1099b.pdf

 

Thu, 01/10/2013 - 22:20 | 3143184 cnhedge2
cnhedge2's picture

this is censorship, makes it easier when they want to confiscate it. 

http://www.cnhedge.com/

Fri, 01/11/2013 - 08:01 | 3143699 Anasteus
Anasteus's picture

Forget the Santelli's bullshit. This is more pleasant to read

Ron Paul’s Free Competition in Currency Act Lives On

Even if not very probable to pass it’s at least a sensible initiative.

Thu, 01/10/2013 - 17:42 | 3142282 boogerbently
boogerbently's picture

Greedy bastards. They don't want anyone but themselves to profit from the coming run up of gold.

Thu, 01/10/2013 - 17:44 | 3142292 boogerbently
boogerbently's picture

.....or, is this just a well orchestrated move to get us to buy gold, like the "gun ban" talk prompted gun buying?

Sector rotation.

Thu, 01/10/2013 - 18:02 | 3142372 savagegoose
savagegoose's picture

they dont how you buy it, they just want a tax on when you sell it.

Thu, 01/10/2013 - 18:19 | 3142430 SamAdams
SamAdams's picture

Yes, and also to know where to confinscate when collateral is needed for imported materials. They wont be trading bonds for those materials needed to build tanks and jets in the near future. Chinese relations are tense.

Thu, 01/10/2013 - 18:40 | 3142527 Chupacabra-322
Chupacabra-322's picture

Barry Soetoro’s 2nd term is going to be sooo bad that he is giving himself secret service protection for life. Incoming executive order banning semi-autos, restricting “large capacity” magazines & severely limiting ammo purchases.

“Patriot” Act & NDAA in place, check! Bill passed streamlining the implementation of domestic drones, check! Fema camps functional & staffed for operation, check! Foreign troops training in urban warfare on American soil, check! Federal, house-to-house gun confiscation training & militarization of local law enforcement, check! Arm local law enforcement & various bureaus with tanks, drones, armored pillboxes & over 1,800,000,000 rounds of hollow-point ammo, check! Disarm the American citizens & extinguish their rights with the stroke of a pen, (soon to be) check! Let Putin know that I’ll have more “flexibility” after the election, check! I could continue for hours, but I’m sure there is nothing going on. I mean c’mon… governments of this world have ONLY killed over 290,000,000 people in the last century alone. They want your guns for YOUR safety…

Thu, 01/10/2013 - 19:01 | 3142585 Muppet Pimp
Muppet Pimp's picture

Here in Florida guns, coins, etc. is not only condoned, it is encouraged!  We like it when our people prosper.  Here is the site for some big 'FUN' show this weekend with 1500 vendors:

http://www.funtopics.com/fun-convention.html

Here is the layout of the bourse

http://www.funtopics.com/content/forms/FUN_2013_Floor_Plan.pdf

See you there!  Last week the gun show was a real blow out, I suspect this will be no different.

 

Thu, 01/10/2013 - 19:09 | 3142604 Chupacabra-322
Chupacabra-322's picture

Yo Pimp,

Wish we had them down here in Miami. 

Thu, 01/10/2013 - 19:26 | 3142651 GeezerGeek
GeezerGeek's picture

Broward County (think Ft. Lauderdale) just installed a new, Democrat sheriff. Likes the idea of 'gun control' and 'assault weapons' bans. Let's hear a round of applause for the home county of Debbie Wasserman-Schultz. 

Thu, 01/10/2013 - 20:09 | 3142773 krispkritter
krispkritter's picture

That friggin' hideous man-cow, baying out the party line in pre-mentrual glee, is just too hideous to contemplate. Thankfully the DNC muzzled her(literally) midway through the elections for lying through her fangs, er, tooth.  Debbie "Was her name" Schultz(I know nothink!) and Grayson are just another reason to leave FL behind, far behind!

Thu, 01/10/2013 - 19:33 | 3142670 Wild tree
Wild tree's picture

Chupa,

I regret that I have only one thumbs up to give to your post. How I wish more people could realize the truth of what is happening.

Dang it, where did I put that remote. Can't miss dancing with the stars ya know.....

Wild........

Thu, 01/10/2013 - 19:52 | 3142713 Chupacabra-322
Chupacabra-322's picture

@ Wild tree,

Cut, Paste, Spread the word.

Fri, 01/11/2013 - 05:49 | 3143633 yrbmegr
yrbmegr's picture

Here's my prediction.  In four years, you will not be living in a FEMA camp and you will still have loads of guns, unless of course you murder somebody, in which case you will be living in jail and you will have no guns.

Fri, 01/11/2013 - 08:20 | 3143720 TruthBeforeAll
TruthBeforeAll's picture

And, FB will be $200+.

Thu, 01/10/2013 - 20:54 | 3142912 Go Tribe
Go Tribe's picture

Of course they wanted us to buy guns. That's why they bought all that ammo - to sell it to us gun-owners and pay off the US debt.

Thu, 01/10/2013 - 18:01 | 3142371 The Miser
The Miser's picture

Illinois is broke.  They need money-your money.  Move to Illinois and help the politicians.  Remember it is patriotic.

 

 

Thu, 01/10/2013 - 18:21 | 3142444 CH1
CH1's picture

So, they'll drive people out of business and send buyers to the next state over.

Typical political solution.

Thu, 01/10/2013 - 18:49 | 3142555 donsluck
donsluck's picture

Or next country.

Thu, 01/10/2013 - 18:34 | 3142500 ClassicalLib17
ClassicalLib17's picture

I'm from Illinois and I resemble that remark.  Oh God,  we are so fucked here.  The bright voters in my state just gave the democrats super majorities in both houses in the November election. 

Thu, 01/10/2013 - 18:54 | 3142576 FEDbuster
FEDbuster's picture

Move.  I left in 1997.  What are you staying for the nice weather?

Thu, 01/10/2013 - 19:28 | 3142655 GeezerGeek
GeezerGeek's picture

Perhaps a Cubs fan. Hope reigns eternal with those types.

Thu, 01/10/2013 - 23:10 | 3143293 Edelweiss
Edelweiss's picture

 Being from Illinois too, I feel like I'm in the wrong damn place.  Not only are they pursuing the legislation focused on in the article, they are aggressively pursuing an AWB.  Thankfully, the ban has stalled at the moment.  It's a matter of time though before it's taken up again.  For what it's worth, I intend to do everything in my power to stop such idiotic bills from becoming law.  Thankfully, the wife is of the same mind.  If all fails, moving is an option, though it would be meaningless in the face of such legislation on a national level. 

Fri, 01/11/2013 - 07:21 | 3143673 Bloodstock
Bloodstock's picture

Moving from IL is not a bad idea. Being ruled by the Chicago machine is a bad idea, a bad deal as you well know. Cheaper cost of living and cheaper taxes south. Plus the southern folks are more likely to band together and hold the fort. Fuck IL, tired of feeding them tax dollars. TIme to think about movin' on out!

Fri, 01/11/2013 - 07:25 | 3143675 Go Tribe
Go Tribe's picture

Seriously??? I thought we evolved beyond that years ago. Supermajority is the mark of madness.

Thu, 01/10/2013 - 18:44 | 3142535 AgAu_man
AgAu_man's picture

They need 25,000 signatures by Feb.8, and have 57 to date.  That's it?  "57"???  Now there's a barn-burner!

Thu, 01/10/2013 - 18:52 | 3142567 donsluck
donsluck's picture

It's like getting a medical marijuana card in CA, it just leaves you open to federal prosecution. In this new USA, if you favor your freedom, keep youR head DOWN!

Thu, 01/10/2013 - 22:32 | 3143211 Conax
Conax's picture

That's why I don't have a CCW permit.

Thu, 01/10/2013 - 23:41 | 3143344 oddjob
oddjob's picture

Permits of various sorts can be somewhat cumbersome.

Fri, 01/11/2013 - 04:58 | 3143606 TN Jed
TN Jed's picture

I understand the feeling but that leaves you to choose not to carry or do and commit a felony. Either choice and God help you if you actually need it. The Man may use that list against us some day but then again he may not.  The tradeoff for the idea of something which may or may not happen is the very real fact that I get to carry legally, every day.

I don't think hiding or denying your guns allows them to serve their purpose.

Fri, 01/11/2013 - 08:05 | 3143704 Room 101
Room 101's picture

Understand the sentiments, but there are so many CHPs out there that the safety in numbers effect kicks in. 

Thu, 01/10/2013 - 19:01 | 3142589 Ookspay
Ookspay's picture

Sorry Bro. People are getting a little leary of the fedgov these days and don't want to sign the register book at camp fema. But yeah a gold audit would be very useful in a "free" society...

Thu, 01/10/2013 - 21:36 | 3143043 RockyRacoon
RockyRacoon's picture

Yeah.  They might as well call it "The turrrorrrest sign-in book".  (Note how I slyly altered the spelling in order to duck the bots.)

Thu, 01/10/2013 - 22:14 | 3143163 Ookspay
Ookspay's picture

Nice Rocky, when navigating the world wide web like a fly in the spiders web, it's true more is less.

Thu, 01/10/2013 - 23:29 | 3143325 francis_sawyer
francis_sawyer's picture

I always preferred TEAR OUR WRISTS... Your version sounds like Charles Barkley drunk on cheap whiskey...

Fri, 01/11/2013 - 00:15 | 3143402 RockyRacoon
RockyRacoon's picture

Nobody, but nobody, was better than Foster Brooks.

Fri, 01/11/2013 - 09:10 | 3143793 Ookspay
Ookspay's picture

Awesome Rocky! Nice blast from ther past! Hiccup!

Fri, 01/11/2013 - 11:07 | 3144115 RockyRacoon
RockyRacoon's picture

You're w-welcome (burp).

Thu, 01/10/2013 - 17:44 | 3142286 drivenZ
drivenZ's picture

nahh, everyone has the internet now and things get sensationalized. This stuff did happen 10/20/50 years ago and it was just a blip on CNBC or local news and no one cared. Should be no different now because, does anyone really care about CNBC? or the Illinois senate? not me. 

Thu, 01/10/2013 - 18:17 | 3142428 SubjectivObject
SubjectivObject's picture

Cool.  I don't have to do anything.

What a relief.

Thu, 01/10/2013 - 18:28 | 3142480 drivenZ
drivenZ's picture

please tell me what exactly you were going to do(except writing a post on ZH. which is meaningless) about a bill that didnt even pass the Illinois senate. A state which you probably don't even live in.  

Thu, 01/10/2013 - 19:45 | 3142694 viahj
viahj's picture

pay closer attention to what my state legislature is doing?

Thu, 01/10/2013 - 17:59 | 3142360 caconhma
caconhma's picture

No wonder taking into account that American people are imbeciles.

As for liberals and conservatives, they are only capable of complaining.

My friend is a conservative living in California. Now he is retired after spending 35 years working for Lockheed designing and launching spy satellites. He supported every single war America was involved or may be involved in a future. He also thinks that America has no future. America became a country of perverts, illiterate idiots, and illegal 3rd-world immigrants who only can survive on food-stamps and welfare.

As for gold and guns, we will see how many will surrender them. I assume all these laws will have the same “success” as the old 55-miles/hour speed limit.

 

Thu, 01/10/2013 - 18:36 | 3142509 NotApplicable
NotApplicable's picture

Ah, the good ole days of saving the world, one pointless gesture at a time!

Where I lived they went the cheap route. Instead of replacing the whole sign, they riveted a 5 over the 6. Then they would do it again. And again. Until eventually they got tired of replacing it, and put up a whole new sign. Then they would do it again. And again. Until eventually kids tired of painting the 5 into a 6.

No wonder they're broke.

Thu, 01/10/2013 - 19:23 | 3142635 James-Morrison
James-Morrison's picture

Are birds really free from the chains of the skyway.

Ballad in Plain D -- Bob Dylan

Thu, 01/10/2013 - 19:31 | 3142664 GeezerGeek
GeezerGeek's picture

After bathing at Baxter's I came to the conclusion that Grace was onto something when suggested "I'd rather have my country die for me."

 

Thu, 01/10/2013 - 21:20 | 3142989 madmax1965
madmax1965's picture

Well said Zap.  Could not agree more. TPTB plans appear to be progressing rapidly now. 

Thu, 01/10/2013 - 21:35 | 3143040 Dick Buttkiss
Dick Buttkiss's picture

I and mine (wife and 15-year-old son fully onboard) will live free or die trying.

And we are trying hard, beginning here:

http://readynutrition.com/resources/52-weeks-to-preparedness-an-introduc...

The state can kiss my ass.

Thu, 01/10/2013 - 22:54 | 3143252 fockewulf190
fockewulf190's picture

I predict that, sooner or later, there will be a million minute man/woman march on Washington. "Your Treading On Me" should be the rally slogan. 

Fri, 01/11/2013 - 00:22 | 3143413 jekyll island
jekyll island's picture

Damn,  I'm a terrorist and I didn't even know it.  I will just jog on down to the FEMA camp for voluntary reprogramming.  

Fri, 01/11/2013 - 01:16 | 3143465 Harbanger
Harbanger's picture

"Imagine how shocked you would have been to hear such bold attempts to control people 10 years ago."

Not really.  Bitches who think liberty was agreed upon and not fought for are fucking slaves.

Fri, 01/11/2013 - 07:09 | 3143668 ISEEIT
ISEEIT's picture

Almost boiling ain't it? And the saddest part is that so few realize it...or care.

Fri, 01/11/2013 - 08:14 | 3143708 GOSPLAN HERO
GOSPLAN HERO's picture

Secede.

Withdraw formally from membership in a federal union, an alliance, or a political or religious organization.

However, Mr. Lincoln will kill you.

 

Thu, 01/10/2013 - 17:58 | 3142215 ZerOhead
ZerOhead's picture

Why is everyone always suspecting evil intent from our politicians?

Registration of the sale is just there to help you remember what you paid for it, and how much you bought, and also to take your name and address in case you are aflicted with alzheimers and forget about your metal.

Plus... When inflation in metal prices skyrocket and the non-corporate capital gains rates hit 80%... they can just ask you to hand over 80% of your metal. See? Simple. Only a loonie tune or kook would think that they are going to take it all away.

Besides when the inevitable hyperinflation hits if you send them a check in dollars it may lose 50% of it's purchasing value in the week it takes to get to the IRS... just like it did in Zimbabwe.

Thu, 01/10/2013 - 18:08 | 3142395 Zap Powerz
Zap Powerz's picture

I plan to pay off my house with a days worth of work when the inflation hits.  I will send in my final payment and have tons left over!  Of course Im talking about literal tons of cash that Ill need just to buy bread, but at least my house will be paid for.

Thu, 01/10/2013 - 18:14 | 3142419 ZerOhead
ZerOhead's picture

If you live in arid Arizona a gingerbread house would be a great hedge...

Thu, 01/10/2013 - 18:25 | 3142465 BoNeSxxx
BoNeSxxx's picture

There is an old saying going back to my grandfather... 'anything you have to register, ain't really yours'

I think that sums it up pretty well.  If it's registered, it can be taken or taxed off you.

Thu, 01/10/2013 - 21:38 | 3143053 RockyRacoon
RockyRacoon's picture

I'd say it's a sort of hypothecation.  You get to use it until the State decides they take what they think belongs to them.   Hide your stuff!

Thu, 01/10/2013 - 18:19 | 3142437 Uchtdorf
Uchtdorf's picture

Yes, but then your property taxes, so the local/state government can continue to properly service you in the manner to which you are accustomed to being serviced, will go up. When our property taxes are higher than the loan payments, will we finally say, "I'm mad as hell, and I'm not going to take it anymore!"?

Thu, 01/10/2013 - 18:24 | 3142457 CH1
CH1's picture

When our property taxes are higher than the loan payments, will we finally say, "I'm mad as hell, and I'm not going to take it anymore!"?

Well, maybe when cable goes out nation-wide. Till then, it's all-Matrix, all the time.

The purpose of life, after all, is to watch more TV.

Thu, 01/10/2013 - 18:59 | 3142584 FEDbuster
FEDbuster's picture

True story.  A buddy of mine who is mortgage free in Illinois pays over $100. more per month now in taxes and insurance, than his original monthly principal, interest, tax and insurance payment when he bought his house in 1986

Thu, 01/10/2013 - 19:41 | 3142683 GeezerGeek
GeezerGeek's picture

Same here, having lived in the same house since 1978. It has, however, doubled in size since the original purchase. Started at $400/mo PITI. Now pay over $6K for taxes and insurance (excluding flood or windstorm insurance). It could be worse, but Floridians have a cap on yearly increases in R.E. taxes for a primary residence. Similar in effect to rent control; it can pay off big time to stay in one place. Glad I 'retired' to Florida in 1973, when I got out of the Air Force at age 26. Utilities are a different matter, having risen from $10/month to $120/month. In terms of silver, I still pay about the same for utilities. Go figure.

Thu, 01/10/2013 - 20:51 | 3142905 Elmer Fudd
Elmer Fudd's picture

Who says you'll get a decent cola in your wage when "the inflation" hits home?  Do you have the pricing power? 

Thu, 01/10/2013 - 17:29 | 3142231 Mr Pink
Mr Pink's picture

They might be able to find my trail of PM puchases but their problem is going to be finding ME!

Thu, 01/10/2013 - 17:36 | 3142249 ZerOhead
ZerOhead's picture

You?

Yes you might be a problem... but the next generation of metal detectors are going to blow your mind.

When they locate your stash they will naturally be expecting you to be somewhere nearby.

Thu, 01/10/2013 - 17:43 | 3142291 Mr Pink
Mr Pink's picture

Are you suggesting satellite silver detectors? Oh geez, I'm screwed

Thu, 01/10/2013 - 17:49 | 3142308 ZerOhead
ZerOhead's picture

And stupid too apparently...

Now they know what metal to calibrate to when they come looking for you...

Thu, 01/10/2013 - 17:58 | 3142352 Mr Pink
Mr Pink's picture

Stupid huh?  I have it all in my safety deposit box at Chase bank. Nobody could ever find it

Thu, 01/10/2013 - 18:01 | 3142366 ZerOhead
ZerOhead's picture

You trusted it to banksters?

Consider it already gone...

Thu, 01/10/2013 - 18:03 | 3142377 Mr Pink
Mr Pink's picture

If you can't trust JP Morgan who can you trust?

Thu, 01/10/2013 - 18:10 | 3142398 ZerOhead
ZerOhead's picture

You are simply a genius good Sir!

The old empty safe deposit box in the bank trick! The IRS will never investigate knowing full well that the bankers have already stolen the contents.

BRILLIANT!

 

Thu, 01/10/2013 - 18:29 | 3142481 Shell Game
Shell Game's picture

Somebody needs a better sarcasm detector..

Thu, 01/10/2013 - 18:39 | 3142519 NotApplicable
NotApplicable's picture

Have you seen the taxes on those things?!? It's almost as if the state doesn't want anyone to have one.

Thu, 01/10/2013 - 23:41 | 3143347 Bohm Squad
Bohm Squad's picture

...The next generation of sarcasm detectors are going to blow your mind...

Fri, 01/11/2013 - 00:42 | 3143430 Rogue Trooper
Rogue Trooper's picture

But, but, but ... will this 'device' finally enable the progressive mind to sense such things? They do seem to miss such subtlety, which is well demonstrated on the ZH forum.  I find this somewhat tiresome when it goes over their heads.

Frankly, it's just not fair.  Sarcasm should be banned until ALL can understand.  I would suggest a working party made up of the intellectually 'sound' that will work towards producing a series of Federally approved sarcasm lines and/or themes.  This must be worked on with urgency by the Government.

Thu, 01/10/2013 - 18:34 | 3142503 Killer the Buzzard
Killer the Buzzard's picture

Bullish for row boats.  I see a lot of boating "accidents" just waiting to happen.

Thu, 01/10/2013 - 19:45 | 3142688 GeezerGeek
GeezerGeek's picture

Can those metal detectors detect lead flying at about 2600 fps?

Fri, 01/11/2013 - 00:27 | 3143417 jekyll island
jekyll island's picture

Yes, for about 0.9 seconds at 300 yards.  Then they fail from the impact.  

Thu, 01/10/2013 - 17:42 | 3142285 Banksters
Banksters's picture

Would it be wrong to say: FUCK THE GOVT?

Thu, 01/10/2013 - 17:49 | 3142317 I Am Not a Copp...
I Am Not a Copper Top's picture

Yes.  You should say, "FUCK DA GUBMINT!"

Thu, 01/10/2013 - 18:24 | 3142458 HurricaneSeason
HurricaneSeason's picture

No, it's GOOBERMINT!

Thu, 01/10/2013 - 18:41 | 3142526 NotApplicable
NotApplicable's picture

And it's "Fuck YOUR GOOBERMINT!"

(being self-governed, mine is just fine, thank you)

Thu, 01/10/2013 - 18:24 | 3142455 johngaltfla
johngaltfla's picture
2013 Part 2: The Gold Registration Act

 

Better learn how "imputed income" works.....

 

 

I'm just sayin.....

Thu, 01/10/2013 - 20:26 | 3142827 LongBalls
LongBalls's picture

Yet another step toward the cashless society.

Thu, 01/10/2013 - 23:32 | 3143312 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

If you see something, say something.

OK.  I see something.  It appears to be headed in my direction, accelerating.  Had a pleasingly shimmering appearance, but that is fading rapidly as it nears.  Its, its, its like this huge spinning, waste-spewing, groaning, grotesque blob, chomping and guzzling maw of exploding Gubmint, feeding like a cancer on the fleshy softness of compliant, sated, fearful, cowering citizenry.  To help describe this greasy, stinking, disgusting, repulsive mass, I'd say it is best personified by Big Sis, the lovely Ms. Janet Napolitano.  This thing reeks of fascism, seems to portend pain, destruction, poverty, upheaval, death, revolution.

That's what I see.  I'll give Big Sis a call right now.  I know she can help.

Fri, 01/11/2013 - 02:03 | 3143498 Silver Bug
Silver Bug's picture

Spot on again Santelli. I'm sure there will be a few late night gardeners now!

 

http://silverliberationarmy.blogspot.ca/

Fri, 01/11/2013 - 02:13 | 3143508 glenlloyd
glenlloyd's picture

And people wonder why Illinois is losing one person every five minutes on average....just don't be the last one out!

Thu, 01/10/2013 - 16:57 | 3142058 Pladizow
Pladizow's picture

Obama, am I a Terrorist or a milk cow - I cant be both!

Thu, 01/10/2013 - 17:05 | 3142090 Shell Game
Shell Game's picture

You are a milk cow until you step out of line, Plad.  Can you even see the line from where you stand?  damned terrorist..  ;)

Thu, 01/10/2013 - 17:14 | 3142146 Beam Me Up Scotty
Beam Me Up Scotty's picture

I'm going to become the laziest fucking milk cow ever then.  I suspect there will be alot of cows that become lazy.  I'll produce more shit and less milk.

Thu, 01/10/2013 - 17:16 | 3142154 Freddie
Freddie's picture

Keep watch TV and Hollywood's crap because they need idiots to brainwash and they keep the sheep inline.

Thu, 01/10/2013 - 17:23 | 3142200 negative rates
negative rates's picture

It already was taxageddon starting in 2012 over $600.

Thu, 01/10/2013 - 17:49 | 3142243 francis_sawyer
francis_sawyer's picture

 "Keep watch TV and Hollywood's crap because they need idiots to brainwash and they keep the sheep inline"

~~~

There's Crockett for that right here on ZH... So for me ~ no need to multitask...

Thu, 01/10/2013 - 22:33 | 3143212 CrockettAlmanac.com
CrockettAlmanac.com's picture

You make a few references to the Stooges and suddenly you're an idiot. What has this world come to?

Thu, 01/10/2013 - 18:11 | 3142412 Cathartes Aura
Cathartes Aura's picture

and radio Freddie, don't forget teh radio-dudes. . .everywhere that provides pre-think for the opinionators, suspect. . .

Thu, 01/10/2013 - 18:12 | 3142415 caconhma
caconhma's picture

Sometimes brainwashing works just perfectly. After all, in 1940s Americans believed that Hitler was a bad guy and Stalin was a good guy. Good many even died for this BS and even many more were crippled. They thought they were fighting for freedom but instead they were fighting for Rothschild and other banking mafia families.

Thu, 01/10/2013 - 22:34 | 3143214 CrockettAlmanac.com
CrockettAlmanac.com's picture

The Red Army did the bulk of the fighting against the Nazis and most of the dying as well.

Thu, 01/10/2013 - 23:35 | 3143330 francis_sawyer
francis_sawyer's picture

Actually CROC ~ the 3 Stooges are fine by me... My favorite 3 Stooges moment of all time was when Curly picked up the hand crank drill in the sinking rowboat & remarked... "Ooh ~ a water letter outer" [& proceeded to drill another hole]...

Fri, 01/11/2013 - 14:32 | 3144870 CrockettAlmanac.com
CrockettAlmanac.com's picture

That's a good one. My favorite is when Curly becomes enraged when hearing Pop Goes the Weasel.

Thu, 01/10/2013 - 17:27 | 3142224 boogerbently
boogerbently's picture

That will be from all the free food. Well, not free, but YOU won't be paying for it.

Thu, 01/10/2013 - 18:14 | 3142409 Zap Powerz
Zap Powerz's picture

That's assuming the welfare state will continue ad infinitum.  It wont.  Once youre a slave, they wont feed you for free.  You will be drafted and sent to war or some other form of "work project".  You wont sit around.  You'll fucking work your ass off once the state has total control.  Right now welfare is used as a tool to buy votes for statists so they can consolidate power.  Once power is consolidated, the parasites are fucked because they are no longer useful.

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