New USA tax reporting rules on foreign gold will ensure more investment dollars leave the USA to the middle east.



I should have posted sooner when I sold my gold a few weeks ago.



But I wanted you to see this BEFORE you buy any Gold as a hedge against inflation.



It's FDRs Executive Order 6102 ( NEW DEAL ) circa 1933 done via taxes Obama style instead of making Gold in the USA illegal to own they will take ( TAX ) ALL of its intrinsic value to oblivion.



Pre 2001 gold prices could be seen again soon simply by the taxation on all non USA gold coins ---- using this as a catalyst to strengthen the dollar. A Master plan really!! People would never turn in their Gold to the Government the way FRD had the sheepeople do in the 30s.



In 2009 its stolen in the form of taxes.



See the fact of the matter this order was put into effect as a way to capture and destroy illegal tax havens ( Red herring )



Most investors own gold with a lower premiums this is why investors didnt buy USA gold in the first place.



Krugerrands and the Maple leafs have a 10-20 dollar premium where say all the USA Gold coins have a face value of 50 dollars, and most coin dealer get at least that much of a premium ABOVE gold spot price.



Even all USA silver minted coins are included, even the older American mixed metal coins, old FDR dimes, silver quarters ect totaling over 1000 dollars. You get taxed!



Lets see, you were taxed say 23% of your income that you have to buy gold at say $1000 per oz



So you want some Gold. The media is pushing it hard and you can buy a ½ oz Maple leaf this week and another the next week.



Well because you bought less than 500.00 worth of gold at a time, you just had to paid state and local tax on your gold investment ( FL its 7% ).



So far sales tax and income tax youre at 30%, and now lets say gold hits 1300. You feel like you made 300 dollars, but you are even money. You really never made a dime tax adjusted.



Now for the whopper. Any of the invest metals listed below are now reported as taxable gains good for another 15-30% tax - With Gold taxed at 60%, your two ½ oz Maple leaf coins have to see $1600 dollar gold before you make a penny!



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Barney Frank & Chris Dodd Complicit With Failure Of Fanni Mae & Freddy Mac

Bill O'Reilly gets upset and fails to allow anything but PITHY statements and then when someone disagrees with him he either ignores the written info or shouts them down.

On 10-28-2008, O'Reilly had 2 guys on his show talking about Barnie Frank and he shouted down the guy from WSJ Stephen Moore.

Stephen was trying to explain the info below when he was shouted down because O'Reilly does not want to admit the President Bush tried to warn Congress about Fannie Mae and Freddy Mac as early as April 2001.

Senator John McCain and numerous Republican Congressmen tried to regulate Fanny Mae and Freddy Mac.

Legislation was blocked by the Democrats!

O'Reilly and others need to speak the entire truth and not just blame everyone.

O'Reilly has stated that no one told him, maybe he needs better research people!

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Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

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EVIDENCE FOUND!!! Clinton administration's "BANK AFFIRMATIVE ACTION" They forced banks to make BAD LOANS and ACORN

and Obama's tie to all of it!!!

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Barack Obama Trained ACORN Staff In How To Intimidate Banks Into Giving Subprime Loans. Barack Obama—A Thug

With A Law Degree

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Explosive Video, Fannie Mae CEO calling Obama and the Dems the "Family" and "Conscience" of Fannie Mae

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Obama and Democrats are Responsible: Fannie Mae/Freddie Mac

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Karl Rove was there and knows that the regulator warned the Administration and Sen Chris Dodd and Barnie Frank blocked legislation.

Fannie Mae Freddie Mac Barack Obama & John McCain

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Just the Facts: The Administration's Unheeded Warnings About the Systemic Risk Posed by the GSEs

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For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing

government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac

would encounter such difficulties.

GET BOB'S FREE METALS REPORT: (More Info)

Watch Robert Prechter on Bloomberg TV on Nov. 27, 2007, a follow-up interview to his Oct. 19, 2007 appearance for the 20th anniversary of the 1987 stock market crash.

Watch Prechter on Oct. 19: (More Info)

What Prechter, once again, predict what is unfolding before our eyes today. An uncannily accurate forecast from the man that forecast the 1987 stock market crash.

Why would anyone think that the Fed's actions have any influence whatsoever on the trend in the stock market?

The Fed has similarly cut the discount rate twice in recent months, and on all occasions (Sept. 18, Oct. 31, Jan. 22, Jan. 30) the stock market immediately rallied... only to see prices give back those gains and more, within a few short days or weeks.

Mind you, these are recent and relatively minor instances. There are longer-term examples that unfolded for years, such as the Fed's historic campaign in 2001-2002 that saw a DOZEN rate cuts, during which time the S&P 500 lost HALF of its value.

More dramatic still was the Bank of Japan's campaign that took rates to virtually ZERO for entire decade, even as their Nikkei stock index declined and/or languished over the entire period.

There's nothing new about this information -- we've spelled it all out before, as recently as Bob Prechter's Jan. 24, 2008 appearance on Bloomberg television.

With charts and facts, Bob showed how powerless the Fed really is; he also reminded the audience that "People should be careful of what they wish for when they ask for lower rates."

Yes, the financial establishment labels Bob Prechter a contrarian. But, what does it say about that establishment's state of mind when arguments based on facts and evidence make a person "contrary"?

All the charts Bob included in that interview -- in fact, everything he said at the time and more -- is in the current Elliott Wave Theorist and Elliott Wave Financial Forecast. See it all on your computer screen in minutes, via the fast link below.

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Don't Forget: ADD THIS VIDEO TO YOUR FAVORITES and EMAIL IT TO FRIENDS!

Compilation from the Korelin Economics Report in April. More and more proof that we are losing a financial war with ourselves...

I was up late making this, and there are two unintentional typos... Laptop keys are small too =)

RonPaul2008.com

TRUTH!

Car Market Total Collapse dollar peter schiff max keiser jim rogers alex jones economy crash crisis Chrysler Toyota Ford GM bailout financial finance stock market wall street

Paul Solman uses a domino metaphor, taking the viewer step by step through how problems in the housing market spread into the wider economy.

Alan Greenspan has made a career out of making convoluted statements about the real consequence of his monetary policies at the Fed. In vintage Greenspan doublespeak, the former Fed Chairman blatantly lies about not only his support of the Bush Tax cuts but also his direct contribution to the real estate and credit bubble that is now exploding all around us.

His most egregious lie is to suggest that he tried to prevent the bubble by raising rates but was hampered by capital inflows as a "result of the end of the cold war." What he fails to mention is that it was his dropping of the Fed Funds rate to 1% that facilitated this credit expansion, and the fact that he tried to raise it later in 2005 in the face of an inverting yield curve is meaningless, not to mention that his theory about foreigns savings being at fault for the rise in liquidity directly contradicts the fact that the Fed's massive liquidity surge enabled capital inflows to be used for credit expansion.

Without a loose monetary policy (i.e. low rates) it wouldn't make a difference what foreigners wanted to do with their money - it would not have lead to a credit bubble.