Our friends at CrushTheStreet.com just posted a new video that goes over the Federal Reserve system, economy, and lies used to prop up the current fiat system. The video is titled, “The Federal Reserve has been CHECKMATED! QE to Infinity.”
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Mike Dillard, founder of Elevation Group, premiered his new investment program via Internet December 13. The purpose of the Elevation Group is to teach its members how to become rich and take advantage of the upcoming economic collapse.
During the 90 minute Elevation Group presentation, Dillard made a comparison between the Roman Empire and the United States, stating that we must “learn from history.” Using Michael Maloney’s seven stage progression of currency, Dillard discussed similarities between the U.S. and Rome for each stage. He forecasted that the United States would follow the demise of its economy, just like the Roman Empire.
Maloney’s first stage is when the country is founded or funded with gold. Both the United States and Rome had a strong gold foundation in the beginning.
The second stage begins as the country develops multi layers of public programs for its citizens. The third stage is when the nation begins to establish political influence in the world, and as a result, a military is established and bankrolled by the national administration.
Dillard describes the fourth stage, as the time the nation begins to use its military, and the cost amplifies. The fifth stage is the waging of war. Due to the great cost involved, the national currency is created in unlimited and unsecured amounts. The sixth stage is where the expansion of the currency causes severe inflation. Society loses faith in the currency.
Dillard describes the final stage of Maloney’s progression of currency as when the nation abandons the currency, and returns to a system of bartering or using precious metals, (such as gold) again.
Dillard claims, the United States is now positioned between the sixth and seventh stages. He predicts that in the next 6 to 36 months, the country will move into the final stage. The Elevation Group has been developed by Mike Dillard to help individuals prepare for the collapse of the United States economy, and to position themselves to use this event as a wealth building opportunity.
More Information on how to become rich and take advantage of the upcoming economic collapse is available in this 90 minutes presentation .
Mike Dillard’s new program “The Elevation Group” is already receiving an incredible amount of hype but is it really worth the cost or is this just another slick marketing tactic praying upon harsh economic times? Read my review before you decide to buy it!
If the current economic hardships haven’t directly affected you, then I guarantee you know someone it has.
The way people think and act in regards to finances has changed greatly in just the last few years as we have seen retirement funds lost, houses foreclosed on, and bankruptcy affect the lives of so many hard working people.
What does all of this have to do with The Elevation Group? Everything!
Mike Dillard is an innovator who has made a very good living for himself seeing where the future is headed, and beating everyone else to the punch.
When he sees the slightest bit of sunlight peaking through a profitable niche, he wedges that crack wide open and creates a title wave of excitement.
There has never been a better time than now to invest in your own self-development and success, but I’m not endorsing this program yet!
It is very easy for people to use the downturn in our economy to elicit fear and promote the purchasing of a product that will enable you to protect yourself with some “secrets” that only a select few know.
Mike does however, make some very valid points and gives some great advice in his free report that have me highly intrigued and excited to learn more.
In order to become financially successful, continuing your education about the trends of the economy and what you can do to protect yourself and rapidly grow your wealth at the same time, is always a great thing.
I encourage you to use your own judgment and decide for yourself whether or not The Elevation Group is right for you.
Click Here For Your Free Report
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younique Gold & Silver – A Business Opportunity for building gold and silver reserves and earn a monthly residual income, month after month.
Learn more at younique Gold Tribe – gold and silver business opportunity
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Bad News For The Fed and IRS
This month, Utah became the first state in the country to legalize gold and silver coins as currency.
So what does this mean to you, me, the Fed, IRS, and the world? To understand the significance of Utah’s actions, you need to understand the definition of the word “currency.”
As strange as it may seem, governments determine what they think money is. For most of us, money or currency is the paper in our wallets. It only has value because governments have the power to declare paper to be money.
In 1933, President Franklin Roosevelt made owning gold illegal. The president declared that money now was paper. The key to this scheme working, is the government only accepts its own “paper” as money. You cannot pay your taxes with gold or silver…only official government paper.
To make sure we only used “paper” the government imposed a very high capital gains tax of 28% on gold and silver. That means, if you bought gold or silver for let’s say $10 and it increased in value by $10, the government would tax you $2.80 for your gains, even if you held the gold or silver for several years.
A 28% tax is nearly 100% higher than long-term capital gains tax of 15% in the US. For example, if I bought a stock for $10, held it for a year, and sold it for $20, my tax would be $1.50 on my gains.
One reason why I like real estate, better than paper assets or gold and silver, is I can be taxed 0% on my gains. In fact, if I use the tax laws correctly, I receive money back from the government. In other words, rather than be taxed for $10 gains, I often receive additional money, a payment from the government rewarding me for making money. For example, not only do I receive my $10 gain, I receive an additional $2 from the government for doing what the government wants me to do.
Please read my latest book Unfair Advantage – The Power of Financial Education to better understand how entrepreneurs and real estate investors use the tax law to receive payments from the government. In this book, my tax accountant and Rich Dad Advisor, Tom Wheelwright does a better job of explaining this tax strategy.
He explains that real estate is one of the few investments where not only can you legally escape tax on your gains and your cash flow (rents), you can actually receive tax deductions against your other taxable income. So if you have $10 of cash flow from your rental property, the IRS actually gives you a special deduction, called depreciation, that could produce a tax benefit of $2 or more so your total cash flow is $12.
Summarizing the trade, the gold and silver investors pay $2.80 in tax for a $10 gain, netting $7.20. Long-term stock investors pay $1.50, 15% in tax for a $10 gain netting $8.50. And real estate investors might pay $0 for a $10 gain. Then they may receive a $2.00 bonus from the government for doing what the government wants done, netting $12 for a $10 gain. This is why I love the business of real estate.
Oil has similar returns as real estate, but not as good as real estate. When I invest in oil, I receive a 28% tax break from day one. That means, I pay 28% less in taxes. Lets say I invest $10,000 in an oil well. If my tax bill for the year is $10,000, I receive a $2,800 tax break and pay only $7,200 because I invested in oil. When the oil comes in and I start to sell and earn $100 income, the government allows me to pay tax on only $85.00, a 15% tax break, of the $100 income. In other words, they discount my income, before taxing it.
You can see that I receive two tax breaks. I receive one tax break for investing in oil production and I receive a tax break when we get paid for our production.
Workers in the E and S quadrant are taxed on 100% of their income. No discounts. This is why lesson #1 in Rich Dad Poor Dad is “The Rich Don’t Work For Money.” The rich do not invest in 401ks filled with mutual funds either. Why? No tax breaks…but that is another story.
BACK TO GOLD AND SILVER
The reason Utah’s actions are significant is because Utah is taking on the Federal Reserve Bank, IRS, and Washington, D.C.
The Utah state government is bypassing the Fed and the Treasury by accepting gold and silver as money, for example, allowing taxpayers to pay their taxes in gold and silver.
Let me explain further. Let’s say I bought gold in the year 2000 for $300 an ounce. In 2011, with gold at $1500 an ounce, if gold is now treated as money instead of being treated as an investment, I do not have to pay that 28% capital gains tax to the US Treasury.
In this example, of $300 per ounce to $1500 per ounce, a gain of $1200, I do not need to pay 28% of $1200, or $336 per ounce, in taxes to the US Treasury. On 1000 ounces, using the same buy and sell numbers, that is a savings of $336,000 in taxes, or $336,000 staying in my pocket for me to use. Thank you Utah. Tom Wheelwright adds that the change by Utah does not mean that gold will now be treated as money by the Federal government. It should mean that Utah will not tax it when used as money. It will be years before the courts decide whether this change means a change in how gold and silver are taxed.
Not only does this challenge the Fed, IRS, and the US government, it makes gold and silver more valuable. Using gold and silver as money, rather than a taxable investment like stocks, bonds, and real estate, makes gold and silver more desirable, at least in Utah.
One reason there is such a high tax, 28% on gold and silver is simply because the Fed and the tax department do not want us to hold gold and silver. By holding gold and silver, we pull their phony dollars out circulation and mock their corrupt system of counterfeit money.
Utah is truly a story of David taking on Goliath. Minnesota followed Utah later this month, taking a step closer to make gold and silver legal money. North Carolina, Idaho, and at least nine other states have similar bills being drafted. A Republican lawmaker has introduced a bill in Congress to explore the option for the entire US.
If the 28% tax on gold and silver is repealed, you may see a massive rush to own more gold and silver. Repealing the 28% tax is like a 28% increase in value. More importantly, it means 28% more money for those who have been following COR.
In many ways, history is only repeating itself. After all, gold and silver, especially silver, has been real money for thousands of years.
Thank you for supporting COR.
Robert Kiyosaki
PS: I thank the people and state of Utah for taking the first step to dismantle the conspiracy of the rich. This is big.
Original Source – Conspiracy of the Rich
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This is the full version of the movie, which features extra parts not yet seen on YouTube: Currency creation, the Federal Reserve, fractional reserve banking, how central banks steal our wealth, runaway deficits, the second wave of mortgage resets, Mike’s prediction of short term deflation THEN hyperinflation, New Media, Ron Paul, and the Constitution.
It was fascinating to watch the film again and see how things have moved on since it was filmed in June of 2009. Gold was $950. Silver was $15. The Gold/Silver ratio was 65. You could pick up a monster box of eagles for a cool $8000.
Though the prices and ratios have moved on, the film is entirely relevant and still one of the best ways for a newcomer to get up to speed with gold and silver. It is jam packed with information and calm analysis by the top experts in their field, who have been right since the start of the last decade. If you have a friend or family member who wants to know about metals but you can’t find the time to help them understand, or if there is someone you want to help but they just won’t listen, or even if you just want to say ‘Haha! Told you so!’….do them a favour and send them the link to this movie. Embed it on Facebook. Tweet it. The lot…
At least they won’t be able to say ‘Why didn’t you warn me?’ as they ask you for a loan!
“You know, we’re in this period where governments are abusing their currencies worldwide, and gold and silver are going to account for all of this. And like I say, there are these brief moments throughout history where the investment with the single greatest potential gains in purchasing power, is also the safest place that you can put your wealth, for the past 5000 years! And I’m not going to let that pass me up, let me tell you!”
Thank you Mike Maloney, neither are we.
Contents of the film:
-Currency Vs Money
-United States M3 expansion
-Fiat Currency and how it is created
-The Federal Reserve is neither federal nor has reserves
-Fractional reserve banking
-How central banks steal wealth from the people
-The second wave of mortgage resets
-Out of control deficits
-Gold always accounts for an expanding fiat currency supply
-Gold and silver above ground supplies
-Differences between the 70s bull market and now
-Silver as an industrial metal
-Gold/Silver ratio and the Price Discovery Mechanism
-Growing awareness and New Media
-Ron Paul and the Constitution
-Price suppression via metals leasing
-GATA
-Fraudulent gold accounting by the US government and the change made in May of 2007
-Price manipulation via ETFs, includes sections of the SLV prospectus
-The privacy of physical precious metals
-Real Estate vs gold and silver – less than 500oz silver to buy a home?
-Dow vs gold and silver
-Why investment advisors won’t recommend gold and why 10% of your portfolio in metals is ridiculous
-Cycles
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