The #1 Secret Why Gold/Silver Will Continue to Explode Higher (FULL VERSION)

Why gold/silver will continue to rise massively higher in 2011 and coming years is the greatest disappearing act ever - banker monetary fraud. To learn how to fight back, visit http://www.smartknowledgeu.com/resources.php and download our gold/silver book for free for a LIMITED TIME ONLY. You can find info about the diamond scam at http://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-se...

As far as income taxes, the first US income tax imposed was in 1861. 3% on income above $800. In 1862, this increased to 5% on all income above $100,000. But the gov't removed income taxes completely from 1862 to 1900 there was NO income tax. When the US Federal Reserve came into existence, the top tax bracket skyrocketed from 7% to 77% in just 5 years from 1913 to 1918.

If money is not printed as debt under a true gold standard there is no need for any citizen to pay tax to pay off interest on the national debt. This is by far the largest chunk of the 33% we cut away in the example. The other portion of the 33% chunk consists of gov't transfer payments, which would be unnecessary under a gold standard. If there is no need to pay tax to pay interest to bankers on all money that is created, then people would have more money AND a steady purchasing power that they do not have under our current system. Thus, nobody would need the services provided by any transfer payments. Other "transfer" payments just consist of taxes that serve as a "wealth transfer", transferring money from citizens to the owners of the Fed Reserve that could be abolished under a true gold standard. Remember when Kennedy backed US dollars with silver? The money was printed with the words "United States Note", NOT "Federal Reserve Note". The tax we say would not exist under a gold standard actually disappeared under a real life example with these Kennedy notes (while they lasted). And as far as Soc. Security, people wouldn't need SS because their wealth would soar and SS would become obsolete. So it's a reality that there would be no need for SS under a TRUE gold standard.
Also visit www.moveyourmoney.info

Category:

Education

Tags:

• gold bull
• silver bull
• end the federal reserve
• currency wars
• david blaine
• criss angel
• harry houdini
• greatest disappearing act ever
• financial armageddon
• dollar crash
• euro crashmove your money
• gold
• silver
• js kim

[patrick258181]

Dealers paying 50%?!?! That's pretty good for a dealer 30-40% is industry standard unless demand is super high.

[smartknowledgeu]

@patrick258181 thx for updating that stat. dealers used to pay 50% from what I understand many many years ago. it now has dropped to 30% to 40%? wow. makes the diamond scam seem even greater

[frodyu2b]

You say that all central banks are " in a race to the bottom" to devalue their own currency, but you don't explain why. Please elaborate. What is the benefit?

[smartknowledgeu]

@frodyu2b thx malusDiaz for your answer. Also, JS has been addressing this question now for 5 years on his blog. you can visit his blog theundergroundinvestor and read all the posts under the category "financial crisis, dollar crisis, recession proof" that he has posted for the last five years and you should find some good info there. thx.

[mpoonpipat]

HI John, well said. I now have a better understanding why it is so hard for me to save money.

[smartknowledgeu]

@mpoonpipat Right on. Glad it helped!

[buildwealth8888]

almost 5,000 views, 46 thumbs up and 1 thumbs down. hmmm. wonder if the ONLY person that gave this vid a thumbs down was a banker?

[OilTradingAcademy]

Definitely Gold will continue to rise!! But hey do you know that Gold, Oil and the whole entire Futures Market are all controlled by a computer program? Skeptical if its true or not? Come view my profile, visit my website and watch my videos for you to see the truth!

[9pt9]

Great video. Plus you can't cut an oz of gold w scissors:D

[mygaboo]

@novicemilk Paper money is just a promise to pay, an instrument to transfer debt. Think of it like an IOU. It's not an asset. However many people put blind trust into these paper certificates. Today, nations are devaluating their currency so their debt shrinks in relative terms against assets. For consumers, the resulting inflation will eat up savings and when there is no more profits to tax, central banks will then raise interest rates.

[novicemilk]

The ultimate insult is that even if you earn interest on your savings to hedge against inflation, your interest earned is considered taxable income. So they keep taxing your savings for a lifetime which is unfair.

[Pennychaser1]

Concise and to the point. thanks!

[basicsforsuccess]

Great Video! Good job. Keep posting more please!!

[harptrian]

Great, you are doing a great public service, I like being reinforced with your common sense.

Ciao

[hardwirecars]

learn to move your body when you talk

you look like a robot