Ask about our NINETY-FIVE PER CENT gold & silver CASH DISCOUNT
Submitted by Prof de la Paz on Thu, 06/18/2009 - 11:02
in
United States legal tender gold and silver coins minted after 1985 are accepted here.
United States legal tender silver coins minted before 1965 will be given in change and accepted for transactions of less than ONE SILVER DOLLAR.
Picture the above header (with disclaimer) as a window sticker or counter tent in your local bait shop, grocery, pub, or book store.
Discounting -- coupons, sales, loss leaders -- are standard promotional events whereby a merchant offers extraordinary savings to move excess merchandise or to stimulate foot traffic and cash flow.
Sales taxes are levied on nominal cash receipts, and not on perceived value.
Taxable income (Fe'ral, state, county &c...) is based on the difference between the nominal cost of goods and their nominal sales price, denominated in US currency -- whether the transactions are electronic, paper drafts from your checking account, or tendered CASH IN HAND.
Ask every one of the locally owned merchants with whom you do business if they would like to reduce their tax burden by accepting United States LEGAL TENDER gold and silver coins and paying their lawful obligations based on the nominal value of these legal tender coins. Don't bother with the big boxes -- they're too intimate with the Fe'ral Reserve and they dare not defy their corporate masters.
Let's use THEIR money and THEIR rules to remove THEIR hands from OUR throats.
I have been taking Gold & Silver for about 2 years now
I don't give it out as change though, it all stays with me. Say I rent my carpet cleaner out for 25 FRNs a day. If someone wants to give me two silver dollars for it, then they have rented that machine for 2 bucks, and I then pay my self 2 dollars.
If someone wants to rent the Kubota backhoe for a day (199.00 FRN's) then I will take two 1/10 ($5.00 face) ounce gold pieces or 18-19 silver dollars for it.
Whatever spot is and then the customer and I will haggle up or down a little to make it even.
"What was taken from the boomers, it ain't there, what was taken from the X'ers it ain't there, what is being taken from their great, great, great squared grandchildren it ain't there. Some generation just has to have the guts to quit passing it on." Me
Tea Party People--Folks that want to be on the winning team, and just so happen to think that the republicans have cuter helmets and jerseys. Don't matter if the two teams always tie to them, they KNOW they really won.
first bump
from Gene Koszio (6/15/09), on a previous thread...so good I want more to see it
Could've done the video in two minutes by being succinct. He's also being ripped off because the coin is being purchased at the spot rate rather than at the buying site rate on the day of tender which is now around nineteen Federal Reserve Notes. Only an idiot would say he is using coin instead of money. In this country ONLY coin is money (see: Constitution, Article I, section 8, clause 5). Paper with ink on it is not. It is only the representative of money IF it can be cashed for gold or silver coin.
BTW - I've been cashing my paychecks for lawful gold and silver dollars for over twelves years. I buy groceries, gasoline, cars, dry cleaning, clothing, and anything else I need or want for Constitutional money (see: Title 31 U.S.C. section 5112). Two movie tickets, one large popcorn and two cokes are one silver dollar. Dinner for two people at a nice restaurant is one silver dollar. One months rent is one twenty-five dollar gold coin. I pay no taxes as I make less than $11,500 a year in gold and silver dollars. I don't even have to file according to both the FTB and the IRS.
Ron Paul and Philip Crane wrote the 1985 Gold Bullion Act for this specific purpose - to give the American people back the Constitutionally guaranteed monetary system. It is now YOUR responsibility to go get it and then either save it or spend it.
Tell it to Dred Scot
second bump
This is a follow up from Gene on the same thread, in which he goes into greater detail about how he does it.
1. Qualify the check.
On the back write "Redeemed for Federal Reserve Notes, parity of value unknown". This establishes, in case of an audit, that Federal Reserve Notes (hereinafter: "FRNs") are "worthless securities" [see: IRC 165(g)] and "debt instruments" (see: Public Law 94-564) valued in Special Drawing Rights. Below that write "Pay to the order of (Name of Coin Dealer)". Below that sign your name (preferably in purple ink).
2. Cash the check at the coin dealer.
Depending on the amount of the check you can receive silver dollars (Walking Liberties) or gold dollars of five, twenty-five or fifty dollar increments (Double Eagles). Do not accept the ten dollar coin as it is one quarter oz and therefore doesn't comport with the equal weights and measures clause of the Constitution. The coins should be minted after 1985 to meet the legal tender definition (see: 1985 Gold Bullion Act and Title 31 U.S.C. section 5112).
3. Get a receipt.
This documents what you received cash in hand. You may be taxed on what you receive cash in hand. If your check says 180.00 but you received ten silver dollars at 18.00 each then your receipt will evidence this. You will be taxed on ten (lawful) dollars and NOT 180.00. This is why billionaires never pay any income tax. They are paid in gold and silver dollars. You do not become a billionaire by being a fool.
4. Thank the coin dealer and go have lunch.
Walk into a restaurant. When the host or hostess greets you respond kindly and ask them if you may speak with the manager or owner. When this takes place say to them "Hi, I'd like to have lunch here and was wondering if you accept these." HAND them the silver dollar. They will look at it and flip it over in their palm. They will see the see the inscription and the gleam of the metal. They will feel the weight (one troy oz) of the coin. Sometimes they will ask "Is this a dollar?"
Respond with "Yes, it's worth eighteen paper dollars."
Talk as little as possible and give direct and honest answers.
"Okay, have a seat."
Order something off the menu for less than eighteen bucks (FRNs) so you can cover the tip. Sometimes they will bring you change in FRNs so you can tip that way.
5. Get yourself a haircut.
Repeat step 4 and take a seat in the chair offered to you. Pay them one silver dollar for your haircut. Answer questions about the coin AS THEY ASK. Do not get political.
Sometimes you will be politely declined. If they say they don't accept the coin say "Thank you" and leave. Do not patronize them again but rather go to another similar establishment nearby. When the crash comes the business that refused service to you will go bankrupt while the one that takes money will thrive. When I started doing this twelve years ago a dollar was worth six FRNs. Now it is worth eighteen FRNs. People are exponentially being forced to pay attention as the FRNs depreciate and the cost of goods and services must inflate to offset this approbation. You will have an excellent success rate if you:
A. Speak to the owner.
B. Do not go in more than once a week (don't want to overwhelm them).
C. Keep it honest.
D. Say "please" and "thank you".
E. Do not give unsolicited information unless the subject of economics is broached.
If the coin dealer sells a silver dollar for 18.50 then make an attempt to keep the purchase as close to that amount as possible. If the merchant claims that the coin "..is only worth 15.00" then gently remind them that this is the "spot price". The spot price is what the mint sells the coin at based on the value of the FRNs. It is then distributed by twelve different buyers to smaller brokers. These brokers then sell to the coin dealer. Your coin dealer only has a two to three percent profit margin. What the most recent price is on your receipt is what you should trade the coin at. DO NOT quibble over a fifty cent discrepancy. DO NOT try to nickle and dime the merchant. Next week the coin may be worth twenty FRNs and the merchant might be wary but at the same time excited that they have established this relationship with you.
The value of the coin NEVER goes up or down. The value of the FRN does. Before 1933 you could redeem fifty FRNs at the bank and receive one fifty dollar gold coin. Now it takes well over a thousand depreciated FRNs to acquire the same fifty dollar gold coin. Today, with the exception of a few hedge banks, all lending institutions are insolvent and have no gold or silver dollars. You will fair better in the long run by redeeming your checks at a coin dealer and spending the money in your community for goods and services. What you don't spend you should save and live within your means.
Have fun!
here is the original thread from which I lifted Gene's comments...
http://www.dailypaul.com/node/96339
Tell it to Dred Scot