Guest Post: Road Map To Ruin

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 07/27/2011 - 11:15 | 1497925 flacon
flacon's picture

In the end you can't tax gold because the market will price in the tax on the price of gold. 

Wed, 07/27/2011 - 11:17 | 1497937 Caviar Emptor
Caviar Emptor's picture

Borrow to pay the tax. repay with further diluted fiat, profit on the way up. 

 

Wed, 07/27/2011 - 12:23 | 1498199 Hulk
Hulk's picture

Taxing inflation really burns my ass. Makes me want to rise up and bear arms...

Wed, 07/27/2011 - 13:29 | 1498456 KeyserSoze
KeyserSoze's picture

Stealthily taxing the stealth tax.

 

Wed, 07/27/2011 - 11:25 | 1497968 sabra1
sabra1's picture

what if every country had their own tax rate, but of course, where the globalists reside, there would be no gold tax!

Wed, 07/27/2011 - 12:17 | 1498185 malikai
malikai's picture

Let us know if you find out where that is. I'd like to set up shop there.

Wed, 07/27/2011 - 11:31 | 1497988 Long-John-Silver
Long-John-Silver's picture

Physical Gold will be sucked into the Black Market never to be taxed again.

http://3.bp.blogspot.com/_OGNyskFRCMo/TU77_Yr63OI/AAAAAAAAAFM/OTisl4JHIv...

Wed, 07/27/2011 - 13:32 | 1498467 KeyserSoze
KeyserSoze's picture

How long before the gubment passes into law the ability for Federal agents to metal detect your private property to find your secret stashes of Gold and Silver??

Sounds idiotic enough for the gubment to do it.

Wed, 07/27/2011 - 22:49 | 1500199 StychoKiller
StychoKiller's picture

To quote a deadpan comedian:  "People say it's a small World -- but I wouldn't wanna paint it."

Wed, 07/27/2011 - 11:15 | 1497928 Debtless
Debtless's picture

Both plans do nothing but allow 7-8 trillion of debt to be added to our nation's burden. They continue to fight over pittance. 

Wed, 07/27/2011 - 11:21 | 1497932 swissinv
swissinv's picture

 

 

Wed, 07/27/2011 - 11:23 | 1497957 snowball777
snowball777's picture

How much coot could a bandicoot coot if a bandcoot could band coot?

Wed, 07/27/2011 - 11:29 | 1497982 Debtless
Debtless's picture

How many pancakes does it take to shingle a roof if a football has no wheels?

Wed, 07/27/2011 - 11:23 | 1497964 r101958
r101958's picture

Gold just when from $9.5 up to 0.5 down and silver retraced most of its gains. Let me guess, the Congress/Senate just agreed on a bill and only the TBTF's were informed. We will be soon be informed, after they are allowed to make their money?

Wed, 07/27/2011 - 11:36 | 1498015 Long-John-Silver
Long-John-Silver's picture

That or someone is about to dump another 250,000,000 ounces of Silver on the market in one go 1 minute after NY closes.

Wed, 07/27/2011 - 11:27 | 1497973 InconvenientCou...
InconvenientCounterParty's picture

borrow every cent you can and buy gold and then default. We don't like most of the people in this country and we're here to see how low we can take this bitch. Join us now, to destroy collectivism once and for all.

Paul-Trump 2012

Wed, 07/27/2011 - 11:35 | 1498009 tamboo
tamboo's picture

also bait the bill collectors into breaking the law and sue for even more profit.

http://www.dallasobserver.com/2010-01-21/news/better-off-deadbeat-craig-...

Wed, 07/27/2011 - 11:27 | 1497974 monopoly
monopoly's picture

So few really get what is going on. They talk about fluff on TV. And the children continue to bicker in Congress. It will be interesting when the sheeples wake up and react. And they sell miners and gold. Just added more on the dump.

Wed, 07/27/2011 - 11:31 | 1497987 r101958
r101958's picture

When the sheep wake up they will be flailing about like Wiley Coyote.

Wed, 07/27/2011 - 11:28 | 1497976 High Plains Drifter
High Plains Drifter's picture

brutha mean clyburn say, he worried about dem government checks ...........

Wed, 07/27/2011 - 11:32 | 1497983 baby_BLYTHE
baby_BLYTHE's picture

the thought of bank runs is what keeps Benny up at night. The predicate of his thesis is that banking failures caused the Great Depression. Thus, when Great Depression 2.0 was imminent massive liquidity was injected to prevent this outcome.

ZIRP was implemented to maintain and keep the system afloat> Stealing from savers to prop up criminal banks.

They might try to levy a huge tax on gold, but like the poster above said the market will simply price it in.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.- Alan Greenspan

History is repeating again today. With the Federal Reserve manipulating interest rates to historic lows, the American people have no safe store of value in this propped-up banking system. The average American has no faith in a stock market that was crashed twice in the past decade. I don't know a soul that owns any T-bills.

The whole system is a complete mess. The entire ideology of money/credit/savings/capital as been completely perverted by the trickery of the money masters. The American people have basically no economic freedom and are forced to participate in a system that actively is working against their interests.

A hard reset is the only option. It will be a painful outcome

Wed, 07/27/2011 - 11:34 | 1498003 Dr. Engali
Dr. Engali's picture

I agree with the hard reset , but I think instead of a tax they will try an outright confiscation of gold.

Wed, 07/27/2011 - 11:43 | 1498050 Silver Dreamer
Silver Dreamer's picture

Speaking of history repeating itself, who on here would really be surprised by a move by the government to make personal ownership of gold, by us "little people" at least, illegal?  I certainly would not.  The stuff is awfully heavy however, and I suspect literally tons of it would mysteriously disappear in boating accidents galore.

Wed, 07/27/2011 - 11:45 | 1498058 Abiotic Oil
Abiotic Oil's picture

And if they do I think they might only find a bunch of lead.

Wed, 07/27/2011 - 11:50 | 1498069 Doyle Hargraves
Doyle Hargraves's picture

+.308

Wed, 07/27/2011 - 12:09 | 1498152 Abiotic Oil
Abiotic Oil's picture

Got FAL?

Wed, 07/27/2011 - 12:23 | 1498217 Doyle Hargraves
Doyle Hargraves's picture

No in Garand I trust! 

Wed, 07/27/2011 - 11:47 | 1498065 Bam_Man
Bam_Man's picture

Congress' approval rating was 6% last time I checked.

Compliance with a "gold confiscation law" passed by said Congress would be even lower.

Wed, 07/27/2011 - 12:02 | 1498066 Bam_Man
Bam_Man's picture

Dup.

Wed, 07/27/2011 - 12:01 | 1498071 Bam_Man
Bam_Man's picture

Dup.

Wed, 07/27/2011 - 12:02 | 1498119 Ghordius
Ghordius's picture

Really? I thought that US Goldbugs are all armed, cranky and without a sense of humor when it comes to their gold! ;-)

Wed, 07/27/2011 - 11:39 | 1498032 Abitdodgie
Abitdodgie's picture

That was a very good insite at this time in the morning

Wed, 07/27/2011 - 13:33 | 1498435 Pitchman
Pitchman's picture

Dear Baby B.

“This game is rigged man.  We like them little bitches on a chess board.” The Wire

Well put; insightful and concise.  If you would like to submit original material for posting; post a comment at Inflection Point

Wed, 07/27/2011 - 13:50 | 1498523 OS2010
OS2010's picture

Thank you, baby_BLYTHE!  Yours is the first time I've read a (readable) reasonable lead on The Bernank's thinking throughout all this.  (I know, I know, it's probably been on ZH any number of times, and I missed it.) 

It would be overly simplistic and would focus on the most misleading symptom of the GD-I, but at least it would be rational thinking after that point.

Wed, 07/27/2011 - 11:31 | 1497991 lunaticfringe
lunaticfringe's picture

I ain't paying no fucking tax nor am I complying with any attempt to confiscate my silver and gold. Get a passport and find a place where owning a piece of metal is not some ridiculous felony driven by the ruling class. Or where there are no taxes. Geezus, you'd think we were the last place on earth.

Wed, 07/27/2011 - 11:38 | 1498026 pupton
pupton's picture

+1 to your first sentence.  Bullshit to the rest of it.  We're not going to leave the country, we need to fix it.  Hide your gold and organize a resistance.  Leaving isn't a realistic option for 99% of us anyway.

Wed, 07/27/2011 - 12:17 | 1498186 Ahmeexnal
Ahmeexnal's picture

A black van just parked in front of you house.

Wed, 07/27/2011 - 12:22 | 1498212 Nom de Guerre
Nom de Guerre's picture

Hold on a sec.  There's someone at the do--->>CARRIER LOST<<

Wed, 07/27/2011 - 12:23 | 1498213 Nom de Guerre
Nom de Guerre's picture

.

Wed, 07/27/2011 - 11:39 | 1498027 Long-John-Silver
Long-John-Silver's picture

or just tell them you lost it all in a boating accident.

Wed, 07/27/2011 - 11:41 | 1498039 pupton
pupton's picture

The roadmap points toward ruin but doesn't take us all the way.  What happens after "paper gold worthless?"  Where is the "ruin". 

Wed, 07/27/2011 - 11:41 | 1498040 Abitdodgie
Abitdodgie's picture

Just shoot them , after all they are pissing us off

Wed, 07/27/2011 - 11:42 | 1498044 Abitdodgie
Abitdodgie's picture

Does anyone know why spellcheck does not work anymore ?

Wed, 07/27/2011 - 13:11 | 1498389 DCFusor
DCFusor's picture

Because you're not running firefox over linux that has it built in so you don't need the site's version anyway?

And the dupe posts are from click-monkeys who don't notice the site got the first click by looking in their status bar, and is just taking awhile to respond.

Wed, 07/27/2011 - 11:45 | 1498059 TheBillMan
TheBillMan's picture

Of course, the game will take awhile longer to play out since the American taxpayer is the lender of last resort via the Fed (i.e. we'll exchange Euro trash for newly minted but depreciating U.S. currency via swap lines).  The Fed has been working overtime to bail out everyone, not just the U.S. system.  At some point, everyone will realize that the Fed's bucket is full of holes and they're knee deep in water out in a leaky boat in the middle of the lake.  That's the point at which the dollar goes from being worth about the value of the paper it's printed on to much less than the value of the paper it's printed on.  We're not quite there yet.  But the suicide bankers have the accelerator floored and the brick wall of doom rapidly approacheth.

Wed, 07/27/2011 - 11:45 | 1498060 slewie the pi-rat
slewie the pi-rat's picture

i think we are nearly to the point where we can all exhale;  and breathe a sigh of relief b/c the congolios are pretty close, it looks like, to giving prez0 about a $3 Tril blank check, no cost to anyone. 

what the hell!  why not?  we're not european and it's too good a deal to pass up.  we can default later. 

print party august 2 @ satan's!

banksters only, but with trickle down parties in mail boxes, eveywhere!  plus we've got a lot of bombs ordered, and lots of the cool drones, too!

vive la revolucion! 

now, go shopping!

Wed, 07/27/2011 - 22:55 | 1500212 StychoKiller
StychoKiller's picture

Senator McCain called the demands "foolish" and "bizarro" and said they were "deceiving many of our constituents" and blamed them on newly elected House members' inexperience.

In other wordz:  The noobs haven't received enough bribes from the banksters yet!

 

Wed, 07/27/2011 - 11:47 | 1498064 TheBillMan
TheBillMan's picture

Of course, the game will take awhile longer to play out since the American taxpayer is the lender of last resort via the Fed (i.e. we'll exchange Euro trash for newly minted but depreciating U.S. currency via swap lines).  The Fed has been working overtime to bail out everyone, not just the U.S. system.  At some point, everyone will realize that the Fed's bucket is full of holes and they're knee deep in water out in a leaky boat in the middle of the lake.  That's the point at which the dollar goes from being worth about the value of the paper it's printed on to much less than the value of the paper it's printed on.  We're not quite there yet.  But the suicide bankers have the accelerator floored and the brick wall of doom rapidly approacheth.

Wed, 07/27/2011 - 11:48 | 1498068 Roger Knights
Roger Knights's picture

The garden path is a one-way street.

Wed, 07/27/2011 - 11:53 | 1498075 Doyle Hargraves
Doyle Hargraves's picture

Mad Max time Bitchez!

 

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