Uh-Oh! Is Gold, Silver Confiscation Next?
New bill requires registration of precious metals
wnd
Lawmakers in President Obama’s home state want to know who is buying and selling gold.
Illinois’ Precious Metal Purchasing Act, or SB-3341, would require every gold and silver transaction to be registered with the state.
The bill passed in the state’s Senate last spring and the House is considering amendments.
Amendment 1 reads: “Authorizes inspection of records by local police departments. Requires reports to law enforcement on a daily basis. Exempts persons licensed under the Pawnbroker Regulation Act.”
The bill is apparently intended to help police recover stolen property and help raise revenue for the state. But the federal government’s history of confiscating gold has some concerned this bill could be an ominous sign of things to come.
Eighty years ago today, President Franklin Roosevelt ordered the confiscation of most gold from private citizens with his Executive Order 6102. People were directed to turn in their gold in exchange for paper currency.
The ban on owning gold lasted more than 40 years, until President Gerald Ford signed legislation in 1974, making it legal to own gold again.
However, in 1971, President Richard Nixon had taken the U.S. off the gold standard, ostensibly to keep countries from trading their surplus for gold. Nixon decreed that the U.S. would no longer exchange dollars for gold.
Reposted with permission.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).