BOOM: Wyoming Ends ALL TAXATION of Gold & Silver Reply

Breakthrough Sound Money Bill Becomes Law Today with Wide Support

Cheyenne, Wyoming (March 14, 2018)  – Sound money activists rejoiced as the Wyoming Legal Tender Act became law today. The bill restores constitutional, sound money in Wyoming.

Backed by the Sound Money Defense League, Campaign for Liberty, Money Metals Exchange, and in-state grassroots activists, HB 103 removes all forms of state taxation on gold and silver coins and bullion and reaffirms their status as money in Wyoming, in keeping with Article 1, Section 10 of the U.S. Constitution.


Congressman Criticizes U.S. Mint for “Disappointing and Concerning” Inaction on Counterfeit Precious Metals Coins 1

By J P Cortez

U.S. Secret Service Also Frustrated with U.S. Mint’s “Lack of Supporting Action”

Washington, DC (March 12, 2018) – Congressmen Alex Mooney (R-WV) criticized the United States Mint for its “disappointing and concerning” lack of awareness or action on the growing problem of high-quality counterfeits of U.S. precious-metals coins entering the country from China and elsewhere.

In a letter dated March 6, Rep. Mooney took the U.S. Mint to task on its perfunctory one-page response to a prior letter that he and Congressman Frank Lucas sent last October asking for information as to whether, and to what extent, the U.S. Mint has taken proactive steps to protect the integrity of America’s minted coins, including reviewing and implementing the anti-counterfeiting measures already put in place by certain foreign government and private mints.

“The U.S. Mint’s response dated November 17, 2017, seemed to suggest a belief that the problem was not significant,” wrote Mooney in his March 6 letter.

“However, the U.S. Secret Service has since briefed my office about the extent of this activity and its frustration with a lack of supportive actions by other agencies, including the U.S. Mint.”

“The matter of counterfeits has been repeatedly raised as a serious issue in the coin industry press… As your team is aware, there have been anti-counterfeiting technologies on the market for some time – and many of these technologies have already been adopted by some of your ‘competitors,’” continued Rep. Mooney.


Wyoming Legislature Passes Bill to End All Taxation of Gold & Silver Reply

By J P Cortez

Cheyenne, Wyoming (March 7, 2018) – Following a 44-14 vote in the Wyoming House last week, the Wyoming State Senate today overwhelmingly approved a bill which helps restore constitutional, sound money in Wyoming.

Wyoming Senators voted 25-5 to pass the Wyoming Legal Tender Act (House Bill 103), sending the measure introduced by Representative Roy Edwards (R-Gillette) to Governor Matt Mead’s desk. Sound money activists are already contacting Gov. Mead urging that he sign the bill.

Backed by the  Sound Money Defense League, Campaign for Liberty, and  Money Metals Exchange, HB 103 is a bill that removes all state taxation from  gold and silver bullionand reaffirms their legal tender status in Wyoming, in keeping with Article 1, Section 10 of the U.S. Constitution.

Testifying before the Senate Minerals, Business, and Economic Development Committee, Sound Money Defense League Policy Director Jp Cortez made the case to Wyoming legislators that assessing taxes on purchases of gold and silver is unjust and undermines their constitutional status as money.


Wyoming House Votes Overwhelmingly to Remove Taxation from Gold & Silver Reply

By J P Cortez

Cheyenne, Wyoming (February 27, 2018) – The Wyoming State House today overwhelmingly approved a bill which helps restore constitutional, sound money in Wyoming.

State Representatives voted 44-14 to pass House Bill 103 sending the measure introduced by Representative Roy Edwards (R-Gillette) to the Senate for a hearing.

Backed by the  Sound Money Defense League, Campaign for Liberty, and  Money Metals Exchange, HB 103 is a bill that removes all state taxation from gold and silver bullion and coins and reaffirms their legal tender status in Wyoming, in keeping with Article 1, Section 10 of the U.S. Constitution.

Testifying before the House Minerals, Business, and Economic Development Committee last week, Sound Money Defense League Policy Director Jp Cortez made the case to Wyoming legislators that charging sales taxes on money itself is beyond the pale. In effect, states that collect taxes on purchases of precious metals are inherently saying gold and silver are not money at all.


Idaho House Votes Overwhelmingly to Remove Income Taxation from Gold & Silver 1

By J P Cortez

Boise, Idaho (February 12, 2018) –  The Idaho State House today overwhelming approved a bill which helps restore constitutional, sound money in the Gem State.

State representatives voted 60-9 to pass House Bill 449 sending the measure introduced by House Majority Leader Mike Moyle and Senate Assistant Majority Leader Steve Vick to the Senate for a hearing in the Local Government and Taxation Committee.

Backed by the  Sound Money Defense LeagueIdaho Freedom Foundation, and  Money Metals Exchange, HB 449 is a tax-neutral bill which excludes gains and/or losses on the sale of precious metals coins and bullion from an Idaho taxpayer’s taxable income.


The Bankruptcy of the American Left 2

Kudos to Chris Hedges. This is as good an analysis as I would ever expect from someone on the Left. This is a fairly straightforward Marxist analysis within a social democratic ideological framework. But he knows who the real enemy is.

By Chris Hedges



Neither Statism Nor Corporatism Reply

A big debate exists between “free market” conservatives and libertarians, and leftists, socialists, progressives, etc. over “Who is worse? Governments or corporations?”

I am somewhere between the Marxists and the Libertarians on this. I agree with Libertarians that states have powers that private institutions typically do not have, like raising mass armies through conscription and taxes, police, prisons, capital punishment, nuclear weapons,etc. Even the largest, scummiest corporations like Wal-Mart, McDonald’s, Microsoft, Pepsi, etc. do not have that kind of power generally. However, corporations have power that normal “private institutions” do not have. Amazon is not the same thing as a Star Wars Fan Club.

Corporations do not have the direct coercive powers of states, like the power of arrest and incarceration, but they do have the means of economic compulsion. The choice of whether or not to eat, have a roof over your head, or have healthcare is not on the level of whether to go to the Baptist or Methodist church, or join a chess club or the Cub Scouts. Corporations and banks are the economic arm of the state. The two can’t be separated as easily as both leftists and rightists seem to believe. The president, Congress, courts, state and city governments, corporations, banks, military, police, prison, media, educational system, NGOs, think tanks, foundations,etc are all part of the same ruling class/power elite apparatus.

Again, both leftists and rightists seem to miss this point, which demonstrates, IMO, a serious lack of knowledge and education about how “our system” actually works. My first year sociology students are more informed about this after reading the chapter on political sociology in the textbook and listening to my lecture on the topic (assuming they are in class, awake, sober and paying attention which is an awfully big and generally unreasonable assumption) than many seemingly serious political thinkers are.

Without the laws protecting the currency monopoly, we would not have the loansharking operations known as banks in their present form. Without eminent domain, transportation subsidies, and a range of other things, superstores like Wal-Fart would not be able to undercut local business on the level they do. Without transportation subsidies eo-commerce firms like Amazon would not be able to undercut conventional book sellers as easily. Without military protection of Coke’s and Pepsi’s mining operation in Latin America and Africa, they would have been expropriated by locals decades ago. Without intellectual property law, Silicon Valley, Hollywood and Microsoft would be toast. Without imperialist, mercantilist “free trade” being imposed on the developing word, not to mention subsidies to agribusiness plantations, the fast food giants like McDonald’s would be less able to compete with local farmers and traditional restaurants. There are many other examples but the point has been made.

MISES UK Conference 2018 – Leftism versus Humanity, Andy Duncan Reply

We are, I believe, at a turning point in history. I see a glimmer, the tiniest wee glimmer, of the ‘End of Socialism’. So what is socialism? At its core, it’s a religion of theft. And its God is ‘The State’. So what’s ‘The State’? Well, the state is a murderous organised criminal gang, aided and abetted by its intellectual bodyguards who get their cut by masking this criminality

Libertarians Have a Class Theory, Too (and It’s Better Than Marx’s) Reply

A great interview of Gary Chartier by Tom Woods. Listen here.

I can’t recommend Gary’s book more highly. It’s available at Amazon. These classical liberal class theorists along with the early anarchists and “libertarian socialists” are essential reading for anyone who wants to understand how modern state-capitalism developed as a class system. I generally refuse to participate in mainstream economic debates because they’re usually rooted is assumptions that are based on a false dichotomy, i.e. the “conservative” and “libertarian” view that “big business” is somehow being oppressed by the state, or the “liberal” view that the state somehow acts as a restraining hand on big capital. Doing away with this false dichotomy is the first step in establishing a genuine critique of how the economic aspects of “the system” actually work.


With the idea of class so central to Marxian theory, libertarians might be tempted to ignore class as a category. But there is in fact such a thing as libertarian class theory, because in libertarian theory there are distinct groups of exploiters and exploited. Gary Chartier joins me to discuss the history and development of libertarian class theory.

About the Guest

Gary Chartier is Associate Dean and Distinguished Professor of Law and Business Ethics at the Tom and Vi Zapara School of Business at La Sierra University, and holds his PhD and LLD from the University of Cambridge.

More U.S. States Are Knocking Down Gold & Silver Barriers Reply

By J.P. Cortez

Listen to the Podcast Audio: Click Here

Here’s What Arizona, Texas, North Carolina, Virginia, Idaho, Etc. Are Doing…

In 2017, Arizona, Louisiana, Virginia, Texas, and North Carolina, and even Minnesota made progress on the sound money front. In 2018, other states could do so as well.

36 states have already removed sales taxes from precious metals transactions, and bills being introduced this year by sound money advocates in Alabama and Tennessee could add to that list.

Both Utah and Oklahoma have already passed legal tender laws recognizing gold and silver as money. The monetary metals can be used freely as a means of payment.

Meanwhile, a new Wyoming bill next month would repeal both sales and income taxes on bullion while affirming gold and silver as legal tender and strengthening gold clause contracts.

Other states, including Arizona and Idaho, have moved forward on legislation to exempt gold and silver bullion from capital gains taxes.

Last year, a bill to eliminate capital gains taxes on precious metals passed the Idaho House. Money Metals Exchange President Stefan Gleason testified before the House Committee on Revenue and Taxation, and here is some of what he had to say:


Keith Preston: Republicans advancing interests of upper classes Reply

Press TV. Listen here.

Republican administrations in the United States have often been serving the interests of the upper classes, says a political analyst.

US President Donald Trump told a group of his billionaire friends Friday shortly after signing the historic US tax bill into law that they all became wealthier.

“You all just got a lot richer,” Trump said Friday at a dinner at Mar-a-Lago resort in Florida hours after signing the landmark bill into law.

Trump enacted his first major legislative accomplishment into law two days after the Republican-led Senate on Wednesday approved the tax bill in a major political victory over Democrats.

“It is obvious that the Trump administration is continuing a lengthy trajectory that has defined Republican administrations for quite some time,” Keith.Preston, chief editor of, said on Tuesday.

“The republican party has, in recent decades, always been very aggressively in favor of advancing the interest of the upper classes,” Preston told Press TV.

“This is something that has been bipartisan, however, Republicans have often been particularly aggressive about this and Trump is no exception,” he noted.

He went on to say that “one of the defining characteristics of Republican administrations going back to decades has been to offer tax cuts that will predominantly benefit the upper classes.”

The tax reform sees the top rate of income tax drop from 39.6 percent to 37 percent, a move that is expected to intensify criticism that renders it as overly generous to the wealthy and big business.

Democrats and tax experts say wealthy business owners, including Trump himself, stand to gain from a provision in the Republican tax bill that creates a valuable deduction for owners of pass-through businesses.