This page has been archived and commenting is disabled.

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.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 01/10/2013 - 17:07 | 3142098 Dr. Richard Head
Dr. Richard Head's picture

Makes sense to me.

Thu, 01/10/2013 - 17:07 | 3142104 lolmao500
lolmao500's picture

Oh really? GOP are as statists as democrats. Just on different things.

Thu, 01/10/2013 - 17:14 | 3142147 tbone654
tbone654's picture

The godless liberal party communists will caucus with anyone...

Thu, 01/10/2013 - 17:18 | 3142168 alangreedspank
alangreedspank's picture

I know, but a 'mainstream' analysis would tell you this kind of stuff would come from the left, not the right.

But then again, a realistic anlysis says they're all after your money...

Thu, 01/10/2013 - 18:23 | 3142451 Cathartes Aura
Cathartes Aura's picture

among many other things. . .

Thu, 01/10/2013 - 17:18 | 3142133 CH1
CH1's picture

Red, Blue, who the hell cares?

A ruler is a ruler is a parasite.

Thu, 01/10/2013 - 21:36 | 3143038 francis_sawyer
francis_sawyer's picture

What's your take on jewelers?... You know ~ the peeps who fix & sell jewelry?... Just kidding (lol) ~ don't respond, just JUNK...

Thu, 01/10/2013 - 17:19 | 3142175 ATM
ATM's picture

They are ILLINOIS GOP! That's like saying those crazy conservatives from Pyongyang.

 

Thu, 01/10/2013 - 21:39 | 3143054 Absinthe Minded
Absinthe Minded's picture

Hey Floppy, that's one helluva avatar!

Thu, 01/10/2013 - 17:07 | 3142100 Haole
Haole's picture

I wonder how many other ways the U.S. can openly declare desperation and monetary default to the rest of the world.  Stay tuned.  

Thu, 01/10/2013 - 17:08 | 3142107 dexter_morgan
dexter_morgan's picture

BOYCOTT ALL CORPORATIONS THAT ARE DONATING TO THE INAUGURATION!

Thu, 01/10/2013 - 17:22 | 3142191 dick cheneys ghost
dick cheneys ghost's picture

How bout just boycott the Fortune 500 altogether. I buy/barter most of the shit I need from a flea market.

Thu, 01/10/2013 - 21:37 | 3143050 francis_sawyer
francis_sawyer's picture

with what?... tally sticks?

Thu, 01/10/2013 - 17:09 | 3142112 batz
batz's picture

 

Gov't could sieze physical for "safekeeping" and offer tradeable certificates instead.

What would you need physical gold for, citizen? The state provides everything you should need. If you have need for more, then you are a criminal, but in our wisdom and benevolence, instead of just murdering you, we will re-educate you. 

THANK US,

Your Government

 

Thu, 01/10/2013 - 17:23 | 3142196 ATM
ATM's picture

The only re-education will be the same one that the Whites were served by the Reds in Soviet Russia. As thanks for sitting out the overthrowing of the government please come in an register your weapons with us so that the governmetn can keep track of them.

 

BANG. Your dead. Keeping track of those weapons is so much easier now.

Thu, 01/10/2013 - 17:33 | 3142246 Beam Me Up Scotty
Beam Me Up Scotty's picture

Well, the good thing is, they can only kill you once.

Thu, 01/10/2013 - 17:46 | 3142300 Skip
Skip's picture

I like a man who knows history, you are right, let's hope there are more like you:

PRAVA, Dec 28 2012

This well armed population was what allowed the various White factions to rise up, no matter how disorganized politically and militarily they were in 1918 and wage a savage civil war against the Reds. It should be noted that many of these armies were armed peasants, villagers, farmers and merchants, protecting their own. If it had not been for Washington's clandestine support of and for the Reds, history would have gone quite differently.

 

Moscow fell, for example, not from a lack of weapons to defend it, but from the lieing guile of the Reds. Ten thousand Reds took Moscow and were opposed only by some few hundreds of officer cadets and their instructors. Even then the battle was fierce and losses high. However, in the city alone, at that time, lived over 30,000 military officers (both active and retired), all with their own issued weapons and ammunition, plus tens of thousands of other citizens who were armed. The Soviets promised to leave them all alone if they did not intervene. They did not and for that were asked afterwards to come register themselves and their weapons: where they were promptly shot.

 

Of course being savages, murderers and liars does not mean being stupid and the Reds learned from their Civil War experience. One of the first things they did was to disarm the population. From that point, mass repression, mass arrests, mass deportations, mass murder, mass starvation were all a safe game for the powers that were. The worst they had to fear was a pitchfork in the guts or a knife in the back or the occasional hunting rifle. Not much for soldiers.

 

"And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say goodbye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling in terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand. The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin's thirst; the cursed machine would have ground to a halt!"
-- Aleksandr Solzhenitsyn, The Gulag Archipelago

Thu, 01/10/2013 - 18:05 | 3142385 Fred C Dobbs
Fred C Dobbs's picture

Skip, please post this everywhere you can.

Thu, 01/10/2013 - 21:37 | 3143048 Absinthe Minded
Absinthe Minded's picture

"Do not go gentle into that good night,"

Complacency will be our coffin.

Fri, 01/11/2013 - 06:19 | 3143651 Oldrepublic
Oldrepublic's picture

The Chinese kill you then send a bill for the bullets!

Thu, 01/10/2013 - 18:26 | 3142469 are we there yet
are we there yet's picture

Fractional reserve trading certificates .

Thu, 01/10/2013 - 17:12 | 3142130 Mad Mohel
Mad Mohel's picture

FUCKKKKKKKKKKKKKK THAT!!!

Thu, 01/10/2013 - 17:14 | 3142138 ebworthen
ebworthen's picture

Odd how legislators and leaders - who purport (and by law) are supposed to support the rights of individuals - consistently and relentlessly pass legislation to benefit the corporatocracy, the oligarchs, the kleptocrats, the faceless/soulless organs of the state and corporate hydra.

We either kill the beast, those that feed it, or become eaten by it.

Thu, 01/10/2013 - 17:15 | 3142145 saints51
saints51's picture

You can only take so much of this shit. Guns, PM's,Liberty, and whatever else big brother wants. Just a sad time in our culture......sigh

Thu, 01/10/2013 - 17:16 | 3142157 Super Broccoli
Super Broccoli's picture

well such a law is already in place here in europe ! welcome to the socialism goulag america !

 

Just a question : when do people get balls and revolt ? When it's too late ?

Thu, 01/10/2013 - 17:18 | 3142172 saints51
saints51's picture

Mother fuckers here will never do shit. They will gladly trade their PM's in for a $50 gift card to Wal-Mart.

Thu, 01/10/2013 - 17:41 | 3142273 XitSam
XitSam's picture

It feels to me like this is the day before August 14, 1765.

Thu, 01/10/2013 - 17:54 | 3142338 smacker
smacker's picture

As far as I know there is no specific restriction in the UK and we are still a semi-detached part of Europe.

However, cash buyers of PMs might have a problem with the money laundering laws here which apply serious rules when spending large sums of cash. eg: it's unlikely to find any dealer will accept cash for a new car or property. I guess small purchases of PMs with cash are still not a problem, until a similar law is introduced here to create an audit trail a-la Illinois.

Thu, 01/10/2013 - 18:30 | 3142488 Zap Powerz
Zap Powerz's picture

In my opinion, TPTB have perfected this process to the point that there will never be a revolt.  The people will beg for and vote for their slavery because they will have been brainwashed to do so.

It will have been the most peaceful revolution (going the wrong way....toward statism) ever to take place.  And if you are still sentient enough to see what's going on, just take your soma and it will be just fine.

Thu, 01/10/2013 - 19:14 | 3142616 smacker
smacker's picture

"revolution"?

It resembles a coup d'état to me...Meanwhile there's another one going on in the EU by the unelected political elites.

Thu, 01/10/2013 - 19:47 | 3142698 forwardho
forwardho's picture

47% of Americans are "getting" something from the govt.

Bark, no welfare

Bark, no food stamps for you.

Bark, no section 8, no home.

Bark, no medical care for you.

Bark, no SS beni's each month.

Do you think the yapping of a small dog is scary?

Even a dog knows not to bite the hand that feeds it. People have sold their freedom for promises which cannot be honored.

half the country will not raise a finger unless it is to keep the status quo.

Though we may be a group of semi-like minded people, we are a very, very small group.

Thu, 01/10/2013 - 22:41 | 3143222 dvfco
dvfco's picture

It only takes 1% of our society to completely overrun all government administration.  Yes, it would have to be a committed 1%, but when there are someting like 900,000 hunting licenses given out each year in Pennsylvania alone, I don't think it will be too hard to put them together.  Also, our Declaration of Independence and Constitution are very clear on what must happen from time to time to protect our rights.  When goverment officials all swear to uphold the constitution and then do the opposite, someone needs to see that it remains the actual law of the land.  Fuck these executive orders.  

If we don't have 50 federal representatives impeached, including the top 5 in government, we're screwed.  Also, Holder has got to go - far, far away.

The fuse will be lit when a mandatory gun sale ban by executive order and/or government seizure of weapons and gold.  Combine the enorous power of Anonymous coupled with groups like Wikileaks and yes, even ZH.  They could easily lead to a committed group of true American Patriots deciding to act.   I could see a checklist emerging and being taken care of very, very quickly.   Sure, a lot of higher ups have bunkers 20 stories under ground, but most of DC goes home for summer break and ouir local and state reps live in our communities.

I think it would be a better world if at least 47% of our dear leaders were no longer around (and I think many would disappear immediately if there was even the slightest hint that something was up), I think the 'revolution' could end pretty quickly.  I'm not advocating this, but I also would not be upset by it.

The question would be what the police, state militias, FBI, CIA, NSA and our military would do.  I know the cops will be hiding their badges and uniforms pretty damn quickly if they feel that they are generally outnumbered a minimumof 10,000 to 1.   I have a hard time believing anyone in the military is truly beholden to our administration, seeing as they are being treated like dirt and get no respect or thanks from the president or almost anyone in DC.  They have respect for our constitutio and I don't see them interpreting it to defend a corrupt government instead of a largely defenseless populace.

Who knows what will happen, but I do know for sure that 1% of our society, committed to an outcome, would be unstoppable.

See you when the fun begins.

 

Fri, 01/11/2013 - 02:36 | 3143524 newengland
newengland's picture

H.U.A., brother and sister. No surrender. Some oaths are unbreakable, and serve no time limit.

Only 3% fought in the War of Independence, and the rest stood aside or assisted supply lines.

Thu, 01/10/2013 - 21:01 | 3142944 Absinthe Minded
Absinthe Minded's picture

Listening to them talk about the trillion dollar coin on the MSM radio today made me want to puke. They had the "respected economist" explaining why it wasn't such a bad idea. Saying we were not like Zimbabwe who was just turning on the money faucet. Oh no, we're not doing that. What's a measly little trillion dollar coin between friends. I'm sure China thinks it's a great idea.

Thu, 01/10/2013 - 17:17 | 3142161 gdiamond22
gdiamond22's picture

I just scooped up a new AR10 before the ban came through. Now I need to go buy more gold. Who gets to fire the first shot at these bastards? Put a market on what state/district its in?

Thu, 01/10/2013 - 17:33 | 3142244 boogerbently
boogerbently's picture

DC, hopefully.

Thu, 01/10/2013 - 17:34 | 3142164 AgAu_man
AgAu_man's picture

Phuck me, now what!?

If our DoD-dependant company does another round of layoffs (albeit in a constant trickle, to avoid the media ans stock price effects), I just might invest in a Spanish Rosetta Stone and call up that Simon Black fellow.

Always did like Chilean Merlot and see-(b)ass. Wife & kids are perfectly bilingual: they talk English and Back.

Have papers, cash, will travel. Can I bring my guns & ammo too? Not leaving home w/o them.

Thu, 01/10/2013 - 18:28 | 3142349 AgAu_man
AgAu_man's picture

P.s. Was gonna bring my Au, Ag and Pt coins and bars to Chile also, but lost them on Canoeing trip on Lake Okanagan in Canada last Fall. Damn wife, she kept insisting on some "J" stroke!  My 'Precious' made me lose my Precious.

Thu, 01/10/2013 - 20:07 | 3142759 player333
player333's picture

 "they talk English and Back." Best comment of the Day:)  

Thu, 01/10/2013 - 21:41 | 3143060 francis_sawyer
francis_sawyer's picture

lol (+1)

Thu, 01/10/2013 - 17:19 | 3142177 tuttisaluti
tuttisaluti's picture

I got a bunch of bananas in my garden, do I have to register it?   confused

Thu, 01/10/2013 - 17:23 | 3142204 shutupnsing
shutupnsing's picture

Only the peels...slippery assault weapons dontcha know!

Fri, 01/11/2013 - 00:41 | 3143435 zerozulu
zerozulu's picture

What about the potato I have in my pocket?

Thu, 01/10/2013 - 17:27 | 3142216 The Navigator
The Navigator's picture

Great way to force another industry off-shore - coin dealers near the Canadian or Mexican borders will either move their order taking ops or their shipping ops over the border(s) to avoid complying.

.gov = stupid to the Trillionth degree

Thu, 01/10/2013 - 17:37 | 3142255 Winston Churchill
Winston Churchill's picture

If you pay Kitco in pounds in Toronto,its shipped from New England

somewhere,sans paperwork, for US delivery.

Even better if wired in from yet another country.

Don't know how I know that ,getting old sucks.

Thu, 01/10/2013 - 17:46 | 3142302 Rearranging Dec...
Rearranging Deckchairs's picture

Soon to be border wars show with canadian /american border jumping backpackers transporting gold instead of weed across the porous borders. Isn't gold is more valuable per ounce wholesale and the penalties for smuggling probably gold are probably a lot less then for weed no?

 

 

 

 

Thu, 01/10/2013 - 18:07 | 3142394 The Navigator
The Navigator's picture

re Penalties - as soon as the new 'border' biz starts, the .gov will fix those (low penalties). Bastards.

Thu, 01/10/2013 - 17:28 | 3142222 pupton
pupton's picture

Nice piece of BS here...and you can't pay in CASH!  WTF is that? Stupid tyrants all need to be shot and dragged through the streets.

Thu, 01/10/2013 - 20:27 | 3142829 jumbo maverick
jumbo maverick's picture

No no no, dragged through the ditches.

Fri, 01/11/2013 - 02:47 | 3143535 newengland
newengland's picture

Lamp posts would suit them well. Oh so very modern 20th century fate of corporatists. See their grand dad Mussolini fascist who promoted the Vatican's 'corporatism'.

Fri, 01/11/2013 - 02:44 | 3143531 newengland
newengland's picture

Mussolini the fascist was hung from a lamp post, throat slit, spit upon by the poor people he abused.

Trotsky who fled to Mexico was killed with an ice pick assassin, hired by his rival Lenin.

Hitler killed himself, allegedly.

Lenin, Stalin, Mao  - the other mass killers of the 20th century - received state funerals paid for and applauded by their duped enslaved masses. CONgress is hoping to do the same, it seems.

 

Thu, 01/10/2013 - 17:31 | 3142233 kwality
kwality's picture

Four lady co-sponsors, wonder if they were sold on this as a way to track chain-snatchers/stolen jewelry fencers...

Whateva.

Would this apply only in the boundaries of Illinois?  What if one were travelling there or moved there from out of state and happened to have a large collection of PMs? 

Uggh... this is all just to boost tax rev and/or outright seize assets.  F you Illinois.

Thu, 01/10/2013 - 22:41 | 3143223 Jam Akin
Jam Akin's picture

It is to discourage thieves / fly by night cash for gold operators as fences / and maybe to enforce tax collections.  God & everyone else knows IL needs the money.   Badly.

Besides isn't a FRN legal tender for all debts public and private?  Is there anything anywhere else in this country for which cash transactions are specifically prohibited?  Doubt that even if it passes and is signed into law that it will stand for long.  I'll file a suit.

BTW the SEN who sponsored this is a good guy on 2nd Amendment issues.

Never let a good conspiratorial controversy go to waste.

Fri, 01/11/2013 - 02:51 | 3143541 newengland
newengland's picture

IL needs the money. So that's a good reason to steal? No wonder Chicago has a bad reputation for producing criminal politicos, and it is a damn shame that the latest is about to be inaugurated with swanky events while his constituents suffer most.

And I still want to know why Obama has a social security number from Connecticut.

Fri, 01/11/2013 - 22:33 | 3146304 Jam Akin
Jam Akin's picture

I was being sarcastic about the money - they raised state income tax a huge % 2 years ago and it didn't do a damn thing about the financial problems.

Fri, 01/11/2013 - 02:53 | 3143543 newengland
newengland's picture

IL needs the money. So that's a good reason to steal? No wonder Chicago has a bad reputation for producing criminal politicos, and it is a damn shame that the latest is about to be inaugurated with swanky events while his constituents suffer most.

And I still want to know why Obama has a social security number from Connecticut. He is a charmer, to be sure. Michelle is genuine, I have no doubt.

That does not justify their fancy spend thrift ways, and grandstanding...over the bodies of our Armed Forces, and poor people at home.

Thu, 01/10/2013 - 17:36 | 3142252 Jeepers Creepers
Jeepers Creepers's picture

When they start tracking and registering precious metals, that's when you'll really want to look for an exit plan somewhere else.

 

That has to be at the very top of the Obama's agenda, once they can stop the pesky "hoarders" they'll have full control.

Thu, 01/10/2013 - 17:48 | 3142311 Winston Churchill
Winston Churchill's picture

If  you haven;t already got that plan in place you maybe too late.

But go ahead anyway,you may have to pay Mexican smugglers to take you out.

You can trust them as much as Uncle Sam.

Fri, 01/11/2013 - 02:29 | 3143517 newengland
newengland's picture

My country. My land. My people. Our rules.

Anyone who thinks otherwise should remember this: possession is nine tenths of the law.

Come and get it. Make a will first, just to get things legal like.

Thu, 01/10/2013 - 17:39 | 3142267 Skip
Skip's picture

You see this is all prelude to their final goal, which is you disappearing from planet earth. All of the  brainwashing via the media, in all its forms, the brainwashing in the educational system, sets the victims, i.e. average white, for the next step, disarmament of the victims, which is what has been going on, piece meal, since 1934.

Then precious metals or at same time, the the rest of your stuff and then, you, yourself, and your wife and kids. They just don't hate ZH guys and gals, they hate ALL who are white and have a heritage of christianity, whether you believe in it still or not.

You have the bulls-eye on your back.

Get ready, or relax in the camps:

http://www.nrahq.org/
http://gunbanobama.com/
http://www.gundigest.com/article/ObamaExpose/

Thu, 01/10/2013 - 18:41 | 3142528 jomama
jomama's picture

and here i thought i was on the fucking fringe.

Thu, 01/10/2013 - 17:38 | 3142268 Bicycle Repairman
Bicycle Repairman's picture

Must.keep.sheeple.committed.to.ponzi.No.escape.

Thu, 01/10/2013 - 17:43 | 3142272 Getting Old Sucks
Getting Old Sucks's picture

When you drive in, you have to register, even if passing through.  If you're driving out, all unregistered gold will be confiscated.  All border crossing will be manned to relieve you of your gold.

 

Honey, we're coming to the border, hide that fucking wedding band!

Fri, 01/11/2013 - 02:24 | 3143514 newengland
newengland's picture

Honey,

Praise the Lord, and pass the ammunition.

:-) An old joke, and back to the future at the rate things are going.

Thu, 01/10/2013 - 17:42 | 3142277 Rearranging Dec...
Rearranging Deckchairs's picture

What's to stop illinois gold bugs from just driving to one of the neighboring states and selling their gold audit trail free? NOTHING except gas prices for now.

I guess later on the statist control freak solution will be to set up check points on the highways to make sure no Illinois residents are moving cash or gold across state borders.

If this occurs on a National level and frankly its only a matter of time it will kill the legimate gold market. One of the great things was the cash and no questions asked. Sure to cause a black market to arise. Will gold dealers be the new drug dealers?  .... only time will tell.

 

 

 

Thu, 01/10/2013 - 17:52 | 3142328 Rearranging Dec...
Rearranging Deckchairs's picture

Also the $500 fine I see mentioned may not be much more than a small tax or just the cost of doing business as gold prices per ounce approach infinity!

 

Thu, 01/10/2013 - 18:15 | 3142426 NotApplicable
NotApplicable's picture

I can see the guy on the street corner now.

"Hey Buddy, you lookin' for a store of wealth?"

Thu, 01/10/2013 - 17:43 | 3142288 debtor of last ...
debtor of last resort's picture

And that's where reversed burden of proof comes in. Fascist fucks.

Thu, 01/10/2013 - 17:44 | 3142293 cabtrom
cabtrom's picture

I'm 40 now, it was 8 years ago I started to learn the truth. Do any of you have any idea how much it sucks to realize that your whole fucking life was a gigantic financial LIE?. *sigh. The worst part is I was happier when I was a debt slave and stupid about $$. I feel like the guy from the matrix who wanted to be re-inserted. I know you all like to joke around and laugh at the chaos but I really do look at my young nephews and feel sad. God help us. :(

Thu, 01/10/2013 - 17:47 | 3142301 zerotohero
zerotohero's picture

I feel exactly the same way.

Thu, 01/10/2013 - 18:53 | 3142574 MiguelitoRaton
MiguelitoRaton's picture

Ignorance is bliss...but it is also death when the system collapses

Thu, 01/10/2013 - 17:55 | 3142344 AllWorkedUp
AllWorkedUp's picture

Well said. Me too. It's a bitch being confronted with reality, but not as much of a bitch as it will be for the empty brains when the system collapses on itself.

Thu, 01/10/2013 - 18:03 | 3142375 The Navigator
The Navigator's picture

You're lucky - you're younger than many and learned a lot earlier than most (myself included on both fronts) so you've got a bit more time to prepare.

Agree with you on the happier/dumber days when we didn't need to know how badly we're all getting screwed.

Educate your nephews and any more that will listen/learn.

Viva la Revolucion!

Thu, 01/10/2013 - 18:04 | 3142381 blindman
blindman's picture

the truth will set u free, but first it will
piss u off and make u sick.

Thu, 01/10/2013 - 18:19 | 3142435 Fred C Dobbs
Fred C Dobbs's picture

A lot of us learned the truth about eight years ago and much of us are over forty. And it is more than just a financial lie.

Thu, 01/10/2013 - 21:54 | 3143099 tip e. canoe
tip e. canoe's picture

much more

Thu, 01/10/2013 - 18:22 | 3142447 NotApplicable
NotApplicable's picture

Realize? Yep, we sure do. Then we tried to warn everyone only to be told we're loons, because, as you noted, life in the matrix is a happier, blissful place if you can find a way to fit in, and remain ignorant.

I couldn't do it, but obviously too many can (well, ignoring their insanity of cognitive dissonance). And short of their life self-destructing, they are in no way capable of making the leap, as it requires abandonment of EVERYTHING previously believed to be real.

As I always say, reality is merely one's most plausible belief system at any given moment.

Thu, 01/10/2013 - 18:39 | 3142521 jomama
jomama's picture

don't forget to ask baby jesus and the tooth fairy for help while you're at it.

Thu, 01/10/2013 - 19:27 | 3142654 smacker
smacker's picture

"...I was happier when I was a debt slave and stupid about $$"

There's a lot to be said for staying uninformed about what's really going on. Sadly, none of it will do you any good! But knowing too much can be dangerous.

Fri, 01/11/2013 - 08:40 | 3143741 Argentbilly
Argentbilly's picture

Mega Dildos.

 

Thu, 01/10/2013 - 17:49 | 3142315 Getting Old Sucks
Getting Old Sucks's picture

Considering the state, no big fucking deal.  It's made up of two groups.  The welfare, food stamp, section 8 group and the currupt politicians and bankers group.  The later will get a free pass on this so it's one of those non existant laws.  Just like most of our laws have already become.

Thu, 01/10/2013 - 22:45 | 3143229 Jam Akin
Jam Akin's picture

Does Nature or Nurture or both explain your ignorance?  IL has a very diverse economy.  It would be even better if the state govt. could get its fiscal house in order.

Fri, 01/11/2013 - 06:06 | 3143645 SilverFish
SilverFish's picture

LOL, yeah, good luck with that one.

 

That will never happen unless the rest of the state breaks off and makes Chicago the 51st state. Until then, IL will remain a whore house.

 

No offense meant to actual real life whores.

Thu, 01/10/2013 - 17:52 | 3142326 AllWorkedUp
AllWorkedUp's picture

IL., CA., NY. What else could be expected from the idiot communist tyrants in those states?

Secession will be a serious consideration for many states in the next few years, what other option besides civil war will they have? Hope Texas takes the lead, time to bust this country up Russian style.

Hope these idiots set off a buying frenzy.

Thu, 01/10/2013 - 18:24 | 3142456 NotApplicable
NotApplicable's picture

There are only a handful of states that are not debt-slaves to fedgov, thanks to all of these UE benefits "loaned" to them.

Thu, 01/10/2013 - 18:49 | 3142551 dexter_morgan
dexter_morgan's picture

I read a white paper recently about the Midwest, and Wisconsin was the only state in the area with $0 unfunded liabilities - yes you read it right, $0 unfunded liabilities. Fuckin Walker.....................not stickin with the program up there

Thu, 01/10/2013 - 17:54 | 3142340 The Navigator
The Navigator's picture

I called my insurance agent to explain my latest boating accident - but before I could explain that the latest incident included silver coins in addition to my latest guns purchases, he had already hung up. Bastard.

DO NOT COMPLY.

Thu, 01/10/2013 - 18:01 | 3142368 blindman
blindman's picture

inflation is good for an expanding and growing economy.
it is necessary to have inflation otherwise the
sun will not rise and the rain will never fall again.
the gmo crops will die and there will be no pesticides
to drink.
if the monetary authorities do not create the essential
inflation, either by stealing , fraud or any other essential
means you and your children will starve while burning
in hell. give thanks where thanks are due.
g. carlin said "..they got u by the balls." ,,,
we will see. the world will be screaming for debt
free money very soon. imho
if you have not go talk to any local business person.
their depression is progressing to thinking concerning
reality and cause and effect, creation itself is being
broken down and reevaluated.

Thu, 01/10/2013 - 18:06 | 3142389 americanspirit
americanspirit's picture

So Chicago has more murders than New York and every single one of these Illinois politicians is still alive? Something's wrong.

Thu, 01/10/2013 - 18:07 | 3142393 Calculated_Risk
Calculated_Risk's picture

Ya, as soon as we get a full audit of Fort Knox and the "Federal" Reserver corporation!

Thu, 01/10/2013 - 18:09 | 3142403 bigrooster
bigrooster's picture

Between this, the the crazy gun laws, and the state being bankrupt why would anyone want to live in Illinois?  If you own a house there I would sell it and get out before it it too late.

Thu, 01/10/2013 - 18:46 | 3142543 dexter_morgan
dexter_morgan's picture

Tryin........

Thu, 01/10/2013 - 18:19 | 3142436 zerotohero
zerotohero's picture

the only thing you will ever truly own are the thoughts in your head.

Thu, 01/10/2013 - 18:25 | 3142468 NotApplicable
NotApplicable's picture

Thanks to the power of disinfo, I'm not even sure about that anymore.

Thu, 01/10/2013 - 18:25 | 3142462 Fred C Dobbs
Fred C Dobbs's picture

Is this the beginning of the end of a PM market in the states? That was one of the arguments for keeping your PMs outside of the USA.

Thu, 01/10/2013 - 18:30 | 3142487 JohnGaltsChild
JohnGaltsChild's picture

Of the government, by the government, for the government.

It has happened.

Thu, 01/10/2013 - 18:46 | 3142540 Monedas
Monedas's picture

45 caliber gold, silver, platinum bullets .... full metal copper jacket ....  indoor target rounds that are all bullet and a little smokeless powder .... suicide rounds .... not confiscatable ? 

Thu, 01/10/2013 - 18:48 | 3142548 DavosSherman
DavosSherman's picture

Fucking guberment dicheads!  Almost makes you want to agree with abortion.

Thu, 01/10/2013 - 18:53 | 3142573 Monedas
Monedas's picture

"Guns don't kill people .... abortions do !" .... Heard on Rush, today !

Thu, 01/10/2013 - 19:30 | 3142662 DavosSherman
DavosSherman's picture

LOL Monedas.  In China they abort females.  Here there should be a test to abort politicains.  Personally I don't agree with abortion, but I'd make an exception.

Thu, 01/10/2013 - 23:49 | 3143367 Monedas
Monedas's picture

How about "reverse abortion" .... kill the welfare bitch mother .... save the innocent kid ?   What say Gloria Allred  ?  LOL

Thu, 01/10/2013 - 18:51 | 3142562 Monedas
Monedas's picture

Lake Michigan is so big .... native Americans used it as a latrine and as a drinking water source !  Shitcago, Shitcago .... !

Thu, 01/10/2013 - 18:51 | 3142564 Lendo
Lendo's picture

Illinois blows.

If it weren't for my over-employment and family, I'd move to Indiana in a heartbeat. Fuck you Illinois.

Fri, 01/11/2013 - 00:10 | 3143242 Jam Akin
Jam Akin's picture

I'm thinking about building a secure storage facility/indoor shooting range over the border in Indiana.  Maybe call it Jam Akin's Lock and Load or some such.  Business will be "booming" very soon.

Thu, 01/10/2013 - 18:52 | 3142570 sudzee
sudzee's picture

Government FEARS gold. The great fiat ponzi requires all in by everyone. Slippage to physical PM's is not good.

Thu, 01/10/2013 - 18:52 | 3142571 H E D G E H O G
H E D G E H O G's picture

Illinoise is the 6th giving state down the food chain with per capita spending on the welfare rolls. It is in the top 3 for State UNfunded liabilities. It just passed into law giving ILLEGALS the right to LEGAL DRIVERS LICENSES. It's the transitory home of the Great Black Magi in DC(Disgusting Capitol). It has the #1 city for gun deaths in the world, in Chicago Land. Now it wants to track anything that has value.

 

Thu, 01/10/2013 - 18:52 | 3142572 CharliePrince
CharliePrince's picture

illinois is a crooked state.. it will implode someday and the crooks will steal

 

whatever is left....crooks being the pols

Thu, 01/10/2013 - 18:55 | 3142578 Debugas
Debugas's picture

real revolution is when you stop paying taxes

Thu, 01/10/2013 - 18:58 | 3142581 Monedas
Monedas's picture

"If it's white .... it's allright, if it's yellow .... let it mellow, if it's brown .... flush it down, if it's black .... give it a whack !" .... Joke on the wall of Chicago Planned Parenthood clinic bathroom !   LOL

Thu, 01/10/2013 - 19:00 | 3142587 plata pura
plata pura's picture

silver be an industrial metal.

Thu, 01/10/2013 - 19:05 | 3142595 Nottingham
Nottingham's picture

The IL Senate vote was unanimous, 56 Yeas, 0 Nays.   Thanks "GOP"!!!

 

http://www.ilga.gov/legislation/votehistory/97/senate/09700SB3341_032820...

 

But honestly, if someone did complain about this new law, then the "Government offical" could simply state:   "You just want to avoid paying cap gains tax."   How would anyone us rebutt this??

Thu, 01/10/2013 - 21:36 | 3143042 Pareto
Pareto's picture

Simply tell them that the exchange value of gold/silver/whatever PM, hasn't changed.  You say to them, I can't buy anything more with my gold today, than I could 10 years ago.  No gains.  No tax.  So fuck off tax man.  How about that?

Thu, 01/10/2013 - 19:27 | 3142652 newengland
newengland's picture

I like Mr Santelli very much - a rare person on main scream media, as he appears to address the cause of our present troubles, not just the calamity.

For him, for you, I post the following link. Mr Santelli is correct: registration is merely theft by stealth, and the government and its overfed house cat bureaucrats plot to make debt slaves, work slaves of all...if they can get away with it.

I say NO, and so do most law abiding people.

https://www.youtube.com/watch?v=eP8DIB7T2eQ&list=UUybEJxhenc-RaavTlbbUz-...

This is a video from a group founded in the 1980s called 'Jews For The Protection of Firearm Ownership', and their Rabbi spokesman. He denounces people like Soros, Bloomberg, Feinstein and others who defy the Tora, and seek to make people defenseless...just as Hitler did, as Nazis do.

Everywhere and in every time: gold, silver, land and guns have been the common person's defense against would-be tyrants. Resistance is good. Dissent is good. This is the Constitution and Bill of Rights in the USA.

Everywhere and in every time: would-be tyrants abuse the people when the people are denied gold, silver, land and guns, and free association with their neighbor - otherwise known as free speech in the USA.

Thu, 01/10/2013 - 19:31 | 3142665 besnook
besnook's picture

good .govs want their people to buy gold(china and india) as a last backstop for a stable domestic economy. bad .govs want to know who has the gold they will need as a backstop for preservation of the status quo.

did you guys really think .gov was going to leave your gold coins and bullion alone?

junk jewelry and silver is the way to go. you get precious metal and precious stones anonymously without any .gov interest at a huge discount to intrinsic value.

Thu, 01/10/2013 - 19:45 | 3142695 newengland
newengland's picture

Yeah...sort of. Those 'good.govs' cannot afford enough gold and silver to finance their ambitions, so they urge common folk to do so.

Problem: China is the communist Politburo. India is the caste system. Both fascisti.

Thu, 01/10/2013 - 19:55 | 3142721 besnook
besnook's picture

there is a .gov that isn't fascist? india nor china are poor anymore. they have plenty of money to flaunt their new found wealth. in an ironic twist, the west has state welfare programs to keep the people docile in tough times which will fail(the eurozone) in real tough times while discouraging the self sufficiency of gold and the communists and whatever the indians are(what are they?) are encouraging the private purchase of gold to keep their masses docile because they don't want a welfare state.

Thu, 01/10/2013 - 20:02 | 3142736 newengland
newengland's picture

$1 a day is wage slavery for the masses, although better than their recent past I guess... and riches for the Indian caste system, and Chinese Politburo.

Nazis do like willing slaves. You're it.

 

Thu, 01/10/2013 - 20:21 | 3142812 besnook
besnook's picture

in 1960s tokyo i could spend an entire day in downtown tokyo riding the train eating lunch and dinner on a dollar and with another dollar actually buy something that was valued ten times more in the usa at the time. the japanese people earned very little at the time but it was clear they had a much higher standard of living than the dollar/day meme americans understood.

the standard of living in china and india has increased dramatically in the last 20 years. the chinese have been more successful in terms of rate of growth but india probably has a more sustainable rate of growth given that half the population doesn't appear to have much interest in the western interpretation of success as measured in material goods. just as there was a lot of easy money in japan in the 60s and 70s there is a lot of easy money in china and india today for those who want to take advantage by staking out a spot in the flow of money. you are a slave if you want to be one. it has become a choice.

in the event of collapse, the west has much further to fall(unlike the thirties) exacerbated by the lack of survivor skill sets from manual labor to street smarts including the willingness to kill and intrinsic assets like land, gold and community. china and india will just go back to whence they came just a few years ago with stories about the glory days bartering their limited goods and skills for food augmented by chips of their gold jewelry which is already accepted as a medium of exchange.

Thu, 01/10/2013 - 21:19 | 3142984 newengland
newengland's picture

Japan: bust, broke, old men walking on the grave of their work slave young who will die much earlier.

China: the Politburo, communists; Mao et al will murder any dissent, as they do now.

India: that place where the gang rape of a 19 year old medical student who died of internal wounds after assailants shoved an object up her brought thousands onto the streets in protest, beaten down by .gov thugs who want the status quo, where ordinary indians are vulnerable, and statists lord it over them....excusing thugs like the rapists because Big Brother state likes frightened people, all the better to use and abuse them for globalist corporatist fascist ways.

Gandhi believed in peaceful mass civil disobedience, and rightly said that the worst offence of the British overlords was to disarm the people, and leave them at the mercy of rulers.

Thu, 01/10/2013 - 23:31 | 3143326 delacroix
delacroix's picture

the indian government, is trying to discourage gold investment. it is the sentiment of the people, that drives the gold demand.

Fri, 01/11/2013 - 02:32 | 3143520 besnook
besnook's picture

it is thousands of years of  culture that drives the sentiment. indian .gov is giving lip service for the pleasure of goldman suchs. there is no way they could influence demand. they tried and they had to back off. the latest measure will result in a black market of smuggled gold and off book money changers. in the meantime the central bank is half heartedly pushing paper gold knowing it is like selling ice to eskimos.

Fri, 01/11/2013 - 03:04 | 3143546 newengland
newengland's picture

thousands of years of distrusting .gov and no way to protect themselves, as the recent outpouring of protest over the gang rape of a medical student who died proved, as thousands say that they live in fear of their women being raped every day due to .gov inaction, while it serves .gov corporatists...for more than the pittance people are paid in Chindia.

The Chindia elite like the caste system, the communist system because it profits them most.

Thu, 01/10/2013 - 19:34 | 3142673 alfred b.
alfred b.'s picture

 

     I'm a caveman carrying a big stick....so where is that 'tiny dot' from yesterday???

 

Thu, 01/10/2013 - 19:42 | 3142685 newengland
newengland's picture

.gov fears the people with real power: the people with gold, guns, silver, land and genuine community.

Gandhi said that the most grievous thing committed by the British overlords was to disarm the people, so they were defenseless.

And Gandhi was a man preaching peace, civil disobedience. He knew the ways of the enemy.

And you? Agent provacateur or genuine community?

Thu, 01/10/2013 - 19:39 | 3142679 AndrewJackson
AndrewJackson's picture

As a resident of illinois who has made several 1000s in cash purchases over the past years, I would like to explain to these dimwitted control freak  politicians what the effects of said bill will be.

 

Bill enacted ---> Majority of Bullion Purchasers take business to Indiana ---> Profit of Illinois Bullion Dealers goes down ---> Taxes paid by Illinois Bullion dealers goes down ---> Illinois Cash Deficit Increases

Thu, 01/10/2013 - 19:59 | 3142727 newengland
newengland's picture

The 'useful idiots' and 'educated fools' as Lenin described them want power ... and they think that they will make most off the backs of anyone they can crush into submission: wage slaves, tax slaves, any slave will do.

Thu, 01/10/2013 - 20:20 | 3142811 ejhickey
ejhickey's picture

SB3341 was introduced by state senator Kirk Dillard , REPUBLICAN.   with friends like this , who needs enemies?

 

my new name for the senator is Kirk Dildo

Thu, 01/10/2013 - 20:56 | 3142919 Winston Churchill
Winston Churchill's picture

Dildo's have a use,unlike senator Dullard ,er Dillard.

Fri, 01/11/2013 - 02:08 | 3143503 Manic by Proxy
Manic by Proxy's picture

You are correct sir. With a dildo you can actually go fuck yourself.

Thu, 01/10/2013 - 21:17 | 3142982 Lucius Corneliu...
Lucius Cornelius Sulla's picture

Good way to move gold sales out of state.

 

Thu, 01/10/2013 - 22:35 | 3143215 W74
W74's picture

Indeed, it'll kill numismatic shops in Illinois.  It's not too a long drive from the center of Illinois to any of it's boarders.  Worth the drive if you're making such a large purchase and don't want to be tracked, better if you're headed in that direction anyway.

I'm not sure how safe our safe deposit boxes are going to be.  The government will probably want registration of those too.  Want a P.O box for privacy and security of your mail?  Well you must have "something to hide" and are therefore a bad guy.  Nothing is a stretch anymore, personal privacy and property rights are going to the wayside and the rate of errosion seems to be picking up these days.

Thu, 01/10/2013 - 22:46 | 3143233 lakecity55
lakecity55's picture

Hey, they were on their way with using negro hordes to kill everyone, why not take the gold, too?

Ozone wants the killing to continue.

He is a true Pyschopath, amigos.

And we are deep dookie.

Thu, 01/10/2013 - 23:12 | 3143299 Nottingham
Nottingham's picture

Harlan J. Berk (coin shop) in DT Chicago, at Clark and Washington Streets, already takes a copy of your ID and issues a receipt for every sale.  They keep records already.  

Thu, 01/10/2013 - 21:19 | 3142986 Never One Roach
Never One Roach's picture

Long diapers and Black Markets.

Thu, 01/10/2013 - 21:20 | 3142990 disabledvet
disabledvet's picture

Aka the "Rahmbo the Magnificent Act"? Can't say I have heard of it. How about you Officer? Cuz I have heard "he's out 125 billion in pension money and thinks the answer is stealing." to which I say...GOOD LUCK!

Thu, 01/10/2013 - 21:24 | 3143002 disabledvet
disabledvet's picture

I got sent to the back of the bus for that one? Man...I thought that was funny. "Not as funny as Illinois going bankrupt in the middle of the greatest bull market for muni debt" I guess.

Thu, 01/10/2013 - 21:28 | 3143014 disabledvet
disabledvet's picture

"hey Rahmbo! New York will be glad to cover that expense. For a small fee of course. You're on your own with Exelon though. You might want to give Indiana a heads if something goes wrong as well." And remember..."Jesus saves but George "baby face" Nelson withdraws!"

Thu, 01/10/2013 - 21:52 | 3143094 stlouistrader
stlouistrader's picture

anyway I wish I could short ZH....this market is not going down....we will get some corrections over the next 10 years BUT from what level?...Mkt goes to 15k soon and lets say we get a 10% correction...really what does that mean...just not worth timing it...the news couldnt be worse...europe, japan...all the printing...people think that the road will come to an end soon and the can wont be able to be kicked any further....i just dont see it anytime soon...only thing that reverse this market is from  major social unrest or an event that completely comes out of the....obama could mint 10 1 trillion coins....i know its bullshit but the tape says higher....be wise...zh is a great read, extremely bright people running the blog...just don trade on it.

Thu, 01/10/2013 - 22:56 | 3143263 Right Wing Nut Job
Right Wing Nut Job's picture

Everything in financial markets, and in life really, should be viewed in the context of relative value.  

The idea that the S&P (priced in US dollars) continues to increase nominally is only relevant to the single alternative of holding US dollars instead.  

I think you'd find that very few people on ZH are more bearish on stocks then they are on fiat currency.  The "recovery" in stocks (and housing) since 2009 is completely non-existent if your x-axis is gold, silver, food, oil, education, healthcare, insurance, energy, ammunition, other countries' markets, and/or virtually any other conceivable option that isn't directly manipulated through US government interference.  

Also taking a particular time-frame of an assets' performance during a period in which trillions of dollars of liquidity have been added through increased public debt which has yet to be budgeted or accounted for in any will obviously skew your nominal returns as well.  The very intention of such temporary actions is to instill the belief that you seem to exhibit in the "market value" even when that belief is in direct opposition with logic, economics and even common sense.  The losses of real value that should have been realized in stocks has simply been monetized and realized elsewhere and/or not realized yet.

Anybody sitting long the US S&P is doing so at an unprecedented level of risk and, more importantly, is only creating net-positive real returns vs people who seem to understand these concepts even less then you do, but I think most of us would happily trade our dollars for anything else.

Fri, 01/11/2013 - 00:42 | 3143439 helping_friendl...
helping_friendly_book's picture

I am having nice and steady arbitrage gains converting USD denominated savings to RMB denominated savings. I only get 1099 on interest which isn't anything but, the ratio has gone from 7.4:1 to 6.22:1. 

When the Chinese shank us and sell T-bonds short, the ratio will go to parity and lower. It is also FDIC insured. I'm almost a millionaire....in yuan i.e......I'm short the S&P 500......a small position.......I stack my employer contribution in a MM......I sleep allright.....The market getting juiced by the QE give away makes my skull burn but, when the petro-dollar monopoly is broken the USD is done.

Fri, 01/11/2013 - 06:47 | 3143650 SpicyTuna
SpicyTuna's picture

Who is to say how long it can last. Two years ago I would have said GAME OVER in 5 years or less, but now I'm not so certain. You can't make empirical predictions... but you can make rationalist or qualitative predictions, you can recognise certain trends and where the will lead, you just don't know the timing nor the full scope. So making quick trades doesn't seem much more than luck and guessing which way the price mechanism is going to be distorted by major market participants, but you can take steps to preserve your wealth and amass valuable skills and knowledge that isn't necessarily valuable now.

 

I'm thinking the main reason why it has not hit the fan yet, is the incredible interdependence between all major nation states/powers. Europe, or Japan or the U.S. will not go down by themself... when it goes down, EVERYONE goes down. It's in the interest of everyone to keep the entire house standing and to patch up those weak pillars that are crumbling. In the past though, such pillars were allowed to crumble, as they did not take the house with it [or perhaps more aptly, these 'pillars' supported separate, isolated houses, as opposed to one singular house of the current age]

 

From about the 15th century to mid 20th century major powers and empires regularly disintegrated with relatively modest effect on the remaining civilised world. These were individual or localised collapses, as opposed to a systemic collapse we are facing. Now, with such interconnected and interdependent trade, finance, law and culture - a major power collapsing would probably trigger a systemic collapse, as 2008 showed a very minor sneak preview of. There's only so many times you can hit the 'oh shit[print]' button, and even then it worked far less effective than previous occassions.

 

The last time such an incredible degree of globalisation and interdepedence was observed, was preceding the medieval collapse. Before that, the Roman empire. Before that I suppose the bronze age collapse? These epochs of rapid change and instability don't happen often.

Thu, 01/10/2013 - 21:54 | 3143100 loub215
loub215's picture

Next, canned goods, MREs, and perishables... we need more re-distribution... We get the Government we deserve...

WTF

Thu, 01/10/2013 - 21:55 | 3143101 loub215
loub215's picture

Next, canned goods, MREs, and perishables... we need more re-distribution... We get the Government we deserve...

WTF

Thu, 01/10/2013 - 23:47 | 3143362 francis_sawyer
francis_sawyer's picture

great avatar!

Thu, 01/10/2013 - 21:59 | 3143122 dexter_morgan
Thu, 01/10/2013 - 22:20 | 3143187 El Hosel
El Hosel's picture

Pass the baseball, the apple pie, and piss on the truth.... Just asking for the truth makes you are a terrorist these days.

Thu, 01/10/2013 - 22:45 | 3143228 Downtoolong
Downtoolong's picture

The thing that government and the banks fear most about gold is the ability to possess it outside of their knowledge. It is the form of money which resists centralized control, manipulation, monitoring, and taxation, giving individual people more power over it. Try putting your 401k in a treasure chest and burying it in your back yard. Naturally, TPTB can’t have any of that sort of thing going on.    

Fri, 01/11/2013 - 00:24 | 3143414 joego1
joego1's picture

My IRA has a back yard. I have a self administered IRA. I bought property and developed a well on it. Now I'm renting it and the banksteta can kiss my shiny.

Thu, 01/10/2013 - 23:22 | 3143315 joego1
joego1's picture

Sorry, I ran out of TP and used my silver records to wipe my ass.

Thu, 01/10/2013 - 23:40 | 3143333 Youri Carma
Youri Carma's picture

Beginning On Page 264 of T H E  R I S E  O F  T H E  F O U R T H  R E I C H  By Jim Marrs

Hitler and his ilk were against keeping arms in the hands of citizens, especially conquered peoples.

Hitler once declared: “The most foolish mistake we could possibly make would be to allow the subject races to possess arms.

History shows that all conquerors who have allowed their subject races to carry arms have prepared their own downfall by so doing.

Indeed, I would go so far as to say that the supply of arms to the underdogs is a sine qua non for the overthrow of any sovereignty.”

Still, the Nazis were not content with the stringent gun laws already on the books.

In 1938, they strengthened these laws by asserting that only loyal Nazis could own weapons.

This was codified in the Nazi Weapons Law of March 18, 1938.

A group opposed to gun control, called Jews for the Preservation of Firearms Ownership, Incorporate (JPFO), has made the shocking but well- supported argument that U.S. gun-control legislation is based on this Nazi law.

“JPFO has hard evidence that shows that the Nazi Weapons Law (March 18, 1938) is the source of the U.S. Gun Control Act of 1968 (GCA ’68),” stated the group on its Web site.

“The Nazi Weapons Law of 1938 replaced a Law on Firearms and Ammunition of April 13, 1928.

The 1928 law was enacted by a center-right, freely elected German government that wanted to curb ‘gang activity,’violent street fights between Nazi party and Communist party thugs.

All firearm owners and their firearms had to be registered. Sound familiar?

‘Gun control’ did not save democracy in Germany. It helped to make sure that the toughest criminals—the Nazis—prevailed.”

JPFO literature noted: “The Nazis inherited lists of firearm owners and their firearms when they ‘lawfully’ took over in March 1933.

The Nazis used these inherited registration lists to seize privately held firearms from persons who were not ‘reliable.’

Knowing exactly who owned which firearms, the Nazis had only to revoke the annual ownership permits or decline to renew them.”

Do NOT follow this link or you will be banned from the site!