Guest Post: Road Map To Ruin

Tyler Durden's picture

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flacon's picture

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

Caviar Emptor's picture

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

 

Hulk's picture

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

KeyserSoze's picture

Stealthily taxing the stealth tax.

 

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!

malikai's picture

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

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.

StychoKiller's picture

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

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. 

snowball777's picture

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

Debtless's picture

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

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?

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.

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

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.

r101958's picture

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

High Plains Drifter's picture

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

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

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.

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.

Abiotic Oil's picture

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

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.

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! ;-)

Abitdodgie's picture

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

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

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.

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.

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.

Ahmeexnal's picture

A black van just parked in front of you house.

Nom de Guerre's picture

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

Long-John-Silver's picture

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

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". 

Abitdodgie's picture

Just shoot them , after all they are pissing us off

Abitdodgie's picture

Does anyone know why spellcheck does not work anymore ?

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.

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.

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!

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!

 

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.

Roger Knights's picture

The garden path is a one-way street.

Doyle Hargraves's picture

Mad Max time Bitchez!