How exactly does the federal reserve have a monopoly on our currency?
Do they punish anyone or any organization that issues competing currenices?
Do your business in US issued Gold and silver coins. A Nevada man did. He was declared innocent of any tax wrong doings by a jury.
The coin says "$50" on it. So you paid your worker "$50". The government didn't like that. The IRS wanted the guy to pay taxes due for the value of the gold coin. But the jury turned the government down. Also, the government accountants in the case when cross examined by the defence couldn't give any laws or codes that pertained to the situation at hand. The "government expert witnesses" looked foolish to the jury. The IRS accountants had never seen such a case before and couldn't answer the defences questions.
I promise you the IRS code and US laws will in the future fix this "gold $50 coin" error to make sure you pay the street value in taxes. But as far as I know, the laws haven't been fixed yet. So if your employer pays you in $50 US mint gold coinage, you file your taxes stating that you made less then $50 a week.
american.swan:The coin says "$50" on it. So you paid your worker "$50". The government didn't like that. The IRS wanted the guy to pay taxes due for the value of the gold coin. But the jury turned the government down.
The gold in such a coin is probably worth almost 50 times its face value. With such coins, one can do tax free business! Every time it changes hands, the gov't looses the tax rate (on that type of transaction) times the gold value of that coin minus $50. With 30% tax rate that is about $700. And every coin could be transacted 1000s of times every day... What a loop hole!
It's not fascism when the government does it.
“We must spend now as an investment for the future.” - President Obama
Anobody here heard of the Liberty Dollar?
It was backed by Silver, and the Treasury deemed their business completely legal
The Feds shut them down
limitgov: If issuing your own currency itself is not illegal, why did they confiscate and force the people who made the Ron Paul gold coin dollar to stop?
If issuing your own currency itself is not illegal, why did they confiscate and force the people who made the Ron Paul gold coin dollar to stop?
Did you see Harksaw's post? It is illegal to issue your own coin.
At most, I think only 5% of the adult population would need to stop cooperating to have real change.