X22 Report for May 26, 2017....
The Plan Continues To Unfold,
Next Phase Has Been Launched
Episode 1290b
(Published on May 26, 2017)
Topics: - UMich confidence, expectations and what is really happening in the economy are all headed in different directions.
- San Francisco housing declines as more people decide to leave the area. Core durable goods decline.
- The revisions are in for the Q1 GDP, they have now been pushed up to 1.2%.
- Arizona Governor signs bill which will exempt gold and silver from taxation from the IRS. The deep state pushes the idea of free money for everyone as the system breaks down.
- China has been using the FIAT system to spend as much as possible before the collapse.
- Trump is now taking the travel ban to the supreme court.
- Bannon is back to help out with the Russia collusion hoax.
- The FBI refuses to give the memo to congress.
- They are looking into Jarred Kushner’s contacts to see if he colluded with Russia.
- Trump makes deals in the middle east with China on the OBOR system as the US comes off the petro dollar.
- Trump heads to the G7 meeting to discuss climate change and North Korea.
- Duterte says the CIA is trying to assassinate him and that ISIS was sent to his country by the CIA.
- Russia accuses the US of creating and support the IS in Afghanistan.
- Italy PM says NATO and Russia need to talk. Russia and China agree on the format for Syria.
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- a growing number of millennials, 46% in fact, said they could no longer stand to live in the preeminent American ‘safe space’ of San Francisco primarily because the “rent was just too damn high.”
Arizona Governor Signs Bill To Repeal State Capital Gains Taxes On Gold & Silver- Good news for precious metals investors in Arizona.
- On Monday, Gov. Doug Ducey signed a bill into law that eliminates states capital gains taxes on gold and silver specie. It’s tax repeal will not only benefit Arizonans who invest in gold and silver, it will also facilitate their use as currency and undermine the Federal Reserve’s monopoly on money.
- In effect, passage into law will “legalize the Constitution” by treating gold and silver specie as money.
We ought not to tax money – and that’s a good idea. It makes no sense to tax money,” he said. “Paper is not money, it’s fraud.”
If you’re for less government, you want sound money. The people who want big government, they don’t want sound money. They want to deceive you and commit fraud. They want to print the money. They want a monopoly. They want to get you conditioned, as our schools have conditioned us, to the point where deficits don’t matter.”
- Currently, all debts and taxes in Arizona must be paid with either Federal Reserve Notes (dollars), authorized as legal tender by Congress, or with coins issued by the U.S. Treasury — very few of which have gold or silver in them.
- But the United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”
- The Arizona law takes a step towards that constitutional requirement, ignored for decades in every state. Such a tactic would undermine the monopoly or the Federal Reserve by introducing competition into the monetary system.
- “Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a “reverse Gresham’s Law” effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes).
- Once things get to that point, Federal Reserve notes would become largely unwanted and irrelevant for ordinary people. Nullifying the Fed on a state by state level can get us there.
Source: zerohedge.com
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