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

Submitted by Tyler Durden on 01/10/2013 16:47 -0400

"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 - 17:35 | 3142248 NotApplicable

You obviously haven't heard about the Great Cow Revolution.

http://www.youtube.com/watch?v=a5s5qGg01nE

Thu, 01/10/2013 - 18:39 | 3142514 Hook Line and S...

Evidently Plad, some of the ranchers have lost their way...

“You know Chumba, we’re actually ranchers that the cattle need! We should act like it,” I reasoned.

“Si, so why have you thrown away your Stetson? Disrespect for your hat like that makes me wonder if I’m going to find you in a puddle of blood outside the carniceria, having committed suicide by three gun shots to the cabeza.”

excerpt from www.abooktobeburned.com

Thu, 01/10/2013 - 17:11 | 3142126 boogerbently

The guy I do (gold) business with said gold is legal tender. So he would not have to document that any more than if you came in and wanted change for a twenty.

Thu, 01/10/2013 - 18:31 | 3142490 Panafrican Funk...

"gold is legal tender"

US minted coins are, yes. That's it.

Thu, 01/10/2013 - 18:51 | 3142565 MiguelitoRaton

an he'll pay you face value just like cashing a $20

Fri, 01/11/2013 - 07:09 | 3143667 NidStyles

No, all gold and silver are legal tender of like kind. The IRS codes are very specific about this. If you exchange cash for gold or silver or the reverse it is a non-taxable exchange.

Thu, 01/10/2013 - 17:14 | 3142143 The Gooch

This was the Alinsky sleight of hand Illinois pulled this past week while gun control legislation was front and center.

Fucking snakes.

http://www.ilga.gov/legislation/BillStatus.asp?DocNum=3341&GAID=11&DocTypeID=SB&LegId=64562&SessionID=84

Thu, 01/10/2013 - 17:43 | 3142290 IridiumRebel

"Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500."

Slap on the wrist, but the intrusion sucks. They need taxes badly.

Thu, 01/10/2013 - 18:03 | 3142376 The Gooch

Incremental intrusion...

Thu, 01/10/2013 - 17:31 | 3142238 vast-dom

GO RICK GO!

USSA = NAZI? You better believe it!

Tyler et. al. read this and remember that scape-goating is the prelude to TOTAL CONTROL:

http://www.stephenhalbrook.com/article-nazilaw.pdf

Thu, 01/10/2013 - 18:03 | 3142379 Skip

Look at the people with POWER in Hollywood, New York, government, do you really think they are NAZIS? Do you think former White House Chief of Staff, current Mayor of Chicago, and Israeli citizen Rahm Israel Emanuel, and his brother Ari, who is the Hollywood Super Agent who said he was going to drive Mel Gibson out of Hollywood in 2006, are NAZIS? Is Mayor of New York City Michael Bloomberg a Nazi? Is Charles Schumer, Senator from New York a Nazi? I think you have the wrong team.

Thu, 01/10/2013 - 18:06 | 3142384 vast-dom

you can choose to scape-goat jews or whomever you wish. hitler himself had jewish ancestry. the more you hate peoples the better for TPTB. if you can't unite with people based on what they stand for vs their race/ethinicity then you deserve all the worst.

Thu, 01/10/2013 - 18:09 | 3142402 Skip

I wasn't "scape-goating" anybody, I was just pointng ot that your assertion that this government, this natin is Nazi, is, on the face of it, untrue. Nothing more, nothing less. Nazi no, Bolshevik, yes.

Thu, 01/10/2013 - 18:21 | 3142407 vast-dom

And our prez is a nigger and Will Smith yields more power than that idiot Mel Gibson in HOLLYWOOD. So? Some of the worst Nazis WERE the Jews. But you probably didn't know that either. Nor did you actually read my link, bc if you did you wouldn't have made that distinction.

BUT BE SURE OF THIS: IN DC THE JEWS, SPICS, NIGGERS, CHINKS, WOPS AND WASPS WORK BEAUTIFULLY TOGETHER IN FUCKING OVER THE AMERICAN PEOPLE. JUST THINK ABOUT IT. YOU FAIL BECAUSE YOUR HATE AND IGNORANCE WILL ALWAYS DIVIDE YOU.

it's actually not scapegoating or scape-goating but scape-sheepling or scapesheepling or sheeple herding...

Thu, 01/10/2013 - 18:33 | 3142494 SamAdams

The masons are made up mostly of goy, but the illuminati like to have their jews in specific areas. To this you may plead no contest. In the end these people will be safe in their Dumb, whilst the state-employed youth operate the machine to crush the resistance. Quit funding the machine and educate the youth!

Thu, 01/10/2013 - 18:35 | 3142502 vast-dom

you forgot the all-race-encompassing reptillian shapeshifters pal.

Thu, 01/10/2013 - 18:56 | 3142579 Global Hunter

Nazis are just Bolsheviks who cared about design, the Nazis put a lot more emphasis on asthetics, thats why we have Hugo Boss and not Yuri Bossanov today for example. Other than some differences in delivery, they are both designed to absolutely control the masses and dominate every aspect of an individual's life, in the name of progress.

Thu, 01/10/2013 - 21:45 | 3143075 Al Gorerhythm

Nazi no, Fascist, yes. Fixed.

Thu, 01/10/2013 - 21:59 | 3143124 4Y_LURKER

I think you would benefit from a little reasearch on Operation Paperclip. Sure the Bolchiviks are in power as far as the redistribution of wealth, but the nazi's were deeply entrenched in the US by the time of the Red Scare. Lets agree to disagree that governments DO NOT have our best interests in mind.

Thu, 01/10/2013 - 21:59 | 3143125 4Y_LURKER

Fri, 01/11/2013 - 07:11 | 3143669 NidStyles

Being a NAZI doesn't mean you can't be a Jew. NAZI-ism is National Socialism, not German centric Jew hating. FFS at least learn what you are discussing before critiquing others.

Thu, 01/10/2013 - 17:38 | 3142264 Snakeeyes

Santelli is right. Guns, precious metals, healthcare, even mortgages being rationed and registered.

Better get them trillion dollar coins minted fast!

http://confoundedinterest.wordpress.com/2013/01/06/pennies-40-ton-trilli...

Thu, 01/10/2013 - 17:53 | 3142330 KnightTakesKing

I just checked my cubbard and I see I have 10 cans of Cambell's Soup and two boxes of rice. I figure it won't be long until we will have to register our food stocks and purchases. Just trying to get ready for that law to be passed.

Thu, 01/10/2013 - 19:55 | 3142722 trollin4sukrz

aww shit.. do I have to register each cupanoodles or can I do the whole case.. damn this is driving me nutz! They found my stash!

Thu, 01/10/2013 - 20:04 | 3142749 GeezerGeek

Hoarding 10 cans of soup probably makes you a terrorist. Go turn yourself in.

Thu, 01/10/2013 - 20:57 | 3142925 WmMcK

Hoarding #10 cans ...

Fri, 01/11/2013 - 02:41 | 3143528 morning_glory

Reprogramming required at aisle 10 please.

Fri, 01/11/2013 - 01:07 | 3143459 Rogue Trooper

I, for one, make no apology for reporting you. I have emailed the DHS, as was my duty, with a screen shot of your evil prose along with your IP Address. Incidentally, our benevolent protectors, offer satisfying rewards for doing your part. For example, I just received 0.005 cents credited to my EBT card and more importantly an instant email letter of commendation personally signed by Diane Feinstein. Another 1,000 and I will get to ELMO GOLD Status.

JOIN US and let us purge AMERIKA of those that wish us HARM!

Terrist... be GONE with YOU!

Fri, 01/11/2013 - 04:02 | 3143578 mkkby

You just registered your food hoard by posting it here on ZH. We have decided that you only need 1 can of soup and one box of rice. Thank you for being a good little sheep.

Thu, 01/10/2013 - 19:16 | 3142609 kill switch

This is a little OT, But !!!

Tactical Response CEO Issues Threat Over Gun Control- 'I'm Gonna Start Killing People..

http://www.youtube.com/watch?v=YUW3wPKFblE

Some may think this is over the top,, But it just might come to this!!!! Our government is clinically insane.. 35 African countries,, we can now spy on europe,, our law....

I can't cover it all as most on ZH know...Marlon Brando,,,,THE HORROR

The kill switch

Fri, 01/11/2013 - 05:20 | 3143616 SilverFish

I'm sure they've already fitted that guys head for a black bag.

Rule # 1 - If you're serious about something like that, dont put it on youtube.

Thu, 01/10/2013 - 19:43 | 3142686 TeMpTeK

Making tyranny a reality is easy.. Especially when "free men " believe they've already been conquered!...

The Gold Confiscation myth!

http://www.youtube.com/watch?v=HuMmQX2TWoQ

Thu, 01/10/2013 - 21:42 | 3143067 Al Gorerhythm

They can audit mine when I can audit theirs.

Thu, 01/10/2013 - 22:15 | 3143165 bobthehorse

Freedom is a constant struggle.

Here's an easy solution.

Don't follow the law if the law is unjust.

Go to jail...Oh well.

Lots of great men have been in jail.

http://angrysinner.blogspot.kr/2013/01/yesterday-dragon-lady-served-beef-and_10.html

Fri, 01/11/2013 - 00:19 | 3143409 Dick Buttkiss

This is nothing more than rating horses in the global glue factory.

Fri, 01/11/2013 - 06:58 | 3143664 ricky2

INGSOC, bitchez

Thu, 01/10/2013 - 16:50 | 3142004 VonManstein

fuck

Thu, 01/10/2013 - 17:04 | 3142088 Xibalba

Who knew the USA was the 4th Reich?

Thu, 01/10/2013 - 17:07 | 3142101 Shell Game

{raises hand}

Thu, 01/10/2013 - 17:11 | 3142124 Lin S

{second hand goes up toward the back of the room}

Thu, 01/10/2013 - 17:18 | 3142167 HoofHearted

I just suspected it. I didn't really know until I saw the other hands go up.

By the way this isn't new news. I'm glad Santelli is bringing it to light, but he better be careful that he doesn't shoot himself in the back of the head four or five times.

Thu, 01/10/2013 - 17:39 | 3142270 ZerOhead