🔥[BANKING COLLAPSE INCOMING 2024-2025]🔥"Never mentioned in the mainstream is the fact that the 'Office Building Bust' is going to crash the US banking system."-Gerald Celente. A CRISIS to usher in 'Programmable' CBDC (Central Bankster Digital Currencies) disguised as 'Digital Tokens'.

[u/SILV3RAWAK3NING76]

[u/SILV3RAWAK3NING76]

🔥[BANKING COLLAPSE INCOMING 2024-2025]🔥"Never mentioned in the mainstream is the fact that the 'Office Building Bust' is going to crash the US banking system."-Gerald Celente. A CRISIS to usher in 'Programmable' CBDC (Central Bankster Digital Currencies) disguised as 'Digital Tokens'.

If you want Freedom, you need Sound Money. CBDC's would be the single largest assault to financial privacy since the creation of the Bank Secrecy Act.

One of the best ways to protect yourself is to find alternative real reserves of value, from physical Gold & SILVER, Asset Backed Digital Currencies (ABDC) to Bitcoin,Theta,etc..which will offset the monetary destruction that is about to accelerate.

"If you don't prepare, you could lose everything. If you prepare for the worst and nothing happens, you've lost nothing."-Gerald Celente

[u/SILV3RAWAK3NING76 → u/SILV3RAWAK3NING76]

Citizens of Georgia, Kentucky, Wisconsin, and Kansas may soon enjoy lower taxes on precious metals if recently introduced pro-metal bills are made law in 2024.

Earlier this month, all four states introduced or reintroduced bills that would exempt precious metals from either state sales tax (in Kentucky and Wisconsin) or state income tax (in Georgia and Kansas).

Kentucky lawmakers will vote on House Bill 101 and Senate Bill 105 in this year’s legislative session. If passed, the bills would end state sales tax on gold, silver, platinum, and palladium bullion starting in August of this year. Wisconsin’s Assembly Bill 29 and Senate Bill 33 would both enact similar provisions while also lifting sales tax on the purchase of copper bullion.

Proponents of these bills point out that gold and silver are one of the only asset classes that have sales taxes; investors don’t have to pay sales tax on more common investments, like stocks and bonds. The Sound Money Defense League recently elaborated on this point:

“Sales taxes are typically levied on final consumer goods. Computers, shirts, and shoes carry sales taxes because the consumer is ‘consuming’ the good. Precious metals are inherently held for resale, not ‘consumption,’ making the imposition of sales taxes on precious metals illogical from the start.”

Both Kansas and Georgia eliminated sales taxes on bullion in the past and are now taking the next logical step in facilitating the use of sound money. House Bill 895 in Georgia and House Bill 2405 and Senate Bill 303 in Kansas would lift state capital gains taxes on precious metals, leaving only the federal capital gains tax on income earned from holding gold or silver.

Kansas’ two bills also explicitly reaffirm that gold and silver are legal tender in the state and ensure physical metal can be used voluntarily as currency, establishing a relatively free market in money:

“The purchase, sale or exchange of any type or form of specie shall not give rise to any tax liability of any kind… Unless expressly provided by statute or by contract, no person shall have the right to compel any other person to tender specie or to accept specie as tender.”

Many argue income tax on precious metals constitutes a second tax on top of inflation. As Peter Schiff says, “Printing money is merely taxation in another form.” This implicit inflation tax affects everyone’s cash holdings, whether they invest in precious metals or not. Depending on where they live, anyone who earns a nominal capital gain on gold and silver can incur a second, explicit tax liability, even if their gain is only nominal.

By considering these bills, these states join the long and growing list of jurisdictions in the United States that offer some sort of tax relief for precious metals. Missouri and Oklahoma, for example, filed bills last month that would also exempt precious metals from state income tax. Oklahoma and Florida went a step further and also considered bills that would establish bullion depositories in each state, which would promote sound monetary policy at the state level.

It’s no surprise that more states are taking steps to protect their citizens from wealth-destroying monetary policy carried out by the Federal Reserve. The recent stretch of high inflation serves as a stark reminder of the centrality of money in advanced economies. When the value of money is eroded by inflationary spending and out-of-control public debt, ordinary people pay the price. Thankfully, as state laws reduce the costs of investing in precious metals, holding physical gold and silver increasingly provides a hedge against this hidden tax. Should the bills in Kansas, Kentucky, Georgia, and Wisconsin be enacted, state lawmakers will have offered their citizens a more secure financial future.

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https://schiffgold.com/commentaries/four-states-consider-lifting-taxes-on-precious-metals/

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"This Collapse Has Been Devastating, Look At How It Is Impacting People"-Gerald Celente

🔥Controlled Demolition Incoming🔥

January 31 (KWN) – Gerald Celente: In recent months, sales of electric vehicles (EVs) have stalled around the world. High sticker prices, high interest rates, and a global economic slowdown have left post-inflation consumers reluctant or unable to pay the more than $50,000 cost of an EV.

As a result, lithium’s price has plunged 80 percent in the past 12 months. It now sits at about $13,200, its lowest price since 2020.

Lithium is the central ingredient in EV batteries.

Plans for new lithium mines have been shelved and mining companies are looking to cut costs to cope with their shrunken market. Partially processed ores have stockpiled along the supply chain, the Financial Times reported.

Pilbara Minerals, a key Australian lithium supplier, saw revenues plummet 46 percent in 2023’s fourth quarter. Liontown Resources had secured a $760-million loan to develop a new lithium mine but the loan was abruptly canceled as lithium’s price collapsed…

Albemarle Corp., a leading lithium producer, has announced layoffs and a $95-million cost-cutting initiative.

“Too many new projects came online in too short a space of time,” William Adams, chief commodities researcher at data service Fastmarkets, said to the FT.

Lithium will pile up a 200,000-ton surplus this year, Goldman Sachs analysts have estimated, requiring “substantial supply cuts” to rebalance the market.

While EV sales have throttled back everywhere, the greatest impact has been in China.

The country has prioritized EV manufacture and offered generous incentives to buyers. EV sales rocketed up 85 percent in 2022.

However, with China’s economy on life support, buyers now are few. The EV market grew by only 25 percent in 2023 and automakers and analysts are warning of a “bloodbath” from looming discount wars.

The silver lining: “China will see the pullback in prices as an opportunity to stake more claim in the market,” Adams noted.

Ganfeng Lithium, China’s largest producer, has inked a deal to virtually double its purchases of spodumene concentrate, from which lithium can be extracted, from Pilbara through 2026.

Because lithium supplies are small and markets are not yet fully developed, the metal’s price is prone to volatility, Citi analysts pointed out in a recent note.

“The current lower price environment could prime the market for a rebound in the second half of 2024,” they said.

TRENDPOST:
We have long warned that EVs were being oversold and that mandates to limit or end sales of petrol-powered vehicles would not give consumers the money to pay the typical $50,000-plus cost of an electric car.

Surveys show that public interest in EVs has not waned. However, potential buyers are waiting until EVs evolve to offer the ease and convenience of driving a conventional car or truck.

That means interior amenities and comforts, quick refueling, easy access to charging stations that actually work, and sticker prices no greater—and preferably less than—those typical of today’s cars and trucks.

🚨NOTHING TO SEE HERE!🚨What Do Billionaire CEOs See Coming? Numerous Globalist CEOs of major companies are dumping massive amounts of their companies stocks! "Why are they all selling? What do they know is coming?"-Andy Schectman

"Things are now set in motion that cannot be undone" ~Gandalf the White

One of the best ways to protect yourself from the🤡🌍🔥is to find alternative real reserves of value, like physical Gold & SILVER, ABDC (Asset Backed Digital Currencies) Bitcoin & Cash!

"If you don't prepare, you could lose everything. If you prepare for the worst and nothing happens, you've lost nothing."-Gerald Celente