How to Protect Your Wealth from the US Government
In times of economic uncertainty or financial turbulence it is imperative for you to protect your assets and your wealth from those who would €steal€ it, including the U.S. government.
You may be wondering how the US government could €steal€ your wealth. Well, they can, and they do it, every single day. They do it through direct and indirect taxation on incomes, capital gains and transactions, lottery winnings, monetary and fiscal policies, inflation, and finally death and estate taxes upon the demise of an individual. They tax you on your income at source, they tax you on all monies you deposit into a bank account that earns interest, they tax you on all purchases made in the form of a tax on sales. They tax you when you sell an asset for more than you paid for it. They tax you for owning property. The tax you on sales made as a business, and they tax your estate when you die.
Inflation robs you of purchasing power. You are paying more today for most of life's necessities, just look at food, fuel, gasoline, and related expenses. Inflation wipes out your savings and compromises your future. Look at the episode of hyper-inflation in Germany after the Second World War when citizens gad to buy a loaf of bread with a wheelbarrow full of marks. Look at the monetary and fiscal policies of the US government and tell me if you have confidence in those guys solving the financial crisis we are currently in. Millions have lost their jobs; others have been indefinitely laid off. Foreclosures are too numerous to count. The economy is stagnant in all industrialized nations despite near zero interest rates. Governments have become powerless to stimulate the economies of the world. The US government has gone to Congress seeking additional funding to pay their bills, and without that bailout would itself be bankrupt. The scandal on Wall Street has pilfered the life savings of millions of Americans and ruined the lives of the affected as well as their families, and yet Congress ponies up the money to bail out the stockbrokers who committed the frauds.
States such as California, Florid, New York and Michigan are already bankrupt or have become insolvent and unable to pay their bills, and will go the insolvent US government for bailout money. Businesses have closed their doors all across the country and some neighborhoods have become ghost towns.
In the face of all this turmoil, how can you protect your assets and your wealth?
You can't do it through the stock market. You can't do it through real estate. You can't do it through operating a business. You can only do it through buying and holding gold bullion. Gold is the only safe harbor for your money, your cash, your liquid holdings and your wealth. Buy it now and hold it for the future. Gold is the only asset that is impervious to all the turmoil and financial calamity that is going on across the globe. Gold is the only vehicle by which you can preserve your wealth from confiscation by others, from generation to generation. Currently you don't pay tax on owning gold, although if the US government could figure out a way to tax the ownership of gold it will happen. Gold doesn't depreciate or lose its value. Gold is the international repository of wealth of all financial institutions, governments, Royalty, savvy investors, speculators and the rich. Gold cannot be printed or debased like paper currency. Gold survives in good times and bad, and more so during bad.
You should buy gold. You should hold gold. You should will gold to your family and children.
You may be wondering how the US government could €steal€ your wealth. Well, they can, and they do it, every single day. They do it through direct and indirect taxation on incomes, capital gains and transactions, lottery winnings, monetary and fiscal policies, inflation, and finally death and estate taxes upon the demise of an individual. They tax you on your income at source, they tax you on all monies you deposit into a bank account that earns interest, they tax you on all purchases made in the form of a tax on sales. They tax you when you sell an asset for more than you paid for it. They tax you for owning property. The tax you on sales made as a business, and they tax your estate when you die.
Inflation robs you of purchasing power. You are paying more today for most of life's necessities, just look at food, fuel, gasoline, and related expenses. Inflation wipes out your savings and compromises your future. Look at the episode of hyper-inflation in Germany after the Second World War when citizens gad to buy a loaf of bread with a wheelbarrow full of marks. Look at the monetary and fiscal policies of the US government and tell me if you have confidence in those guys solving the financial crisis we are currently in. Millions have lost their jobs; others have been indefinitely laid off. Foreclosures are too numerous to count. The economy is stagnant in all industrialized nations despite near zero interest rates. Governments have become powerless to stimulate the economies of the world. The US government has gone to Congress seeking additional funding to pay their bills, and without that bailout would itself be bankrupt. The scandal on Wall Street has pilfered the life savings of millions of Americans and ruined the lives of the affected as well as their families, and yet Congress ponies up the money to bail out the stockbrokers who committed the frauds.
States such as California, Florid, New York and Michigan are already bankrupt or have become insolvent and unable to pay their bills, and will go the insolvent US government for bailout money. Businesses have closed their doors all across the country and some neighborhoods have become ghost towns.
In the face of all this turmoil, how can you protect your assets and your wealth?
You can't do it through the stock market. You can't do it through real estate. You can't do it through operating a business. You can only do it through buying and holding gold bullion. Gold is the only safe harbor for your money, your cash, your liquid holdings and your wealth. Buy it now and hold it for the future. Gold is the only asset that is impervious to all the turmoil and financial calamity that is going on across the globe. Gold is the only vehicle by which you can preserve your wealth from confiscation by others, from generation to generation. Currently you don't pay tax on owning gold, although if the US government could figure out a way to tax the ownership of gold it will happen. Gold doesn't depreciate or lose its value. Gold is the international repository of wealth of all financial institutions, governments, Royalty, savvy investors, speculators and the rich. Gold cannot be printed or debased like paper currency. Gold survives in good times and bad, and more so during bad.
You should buy gold. You should hold gold. You should will gold to your family and children.
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