According to the following article shared by W.G., Mississippi has become the latest state to consider a bill revoking sales tax on bullion, in Mississippi's case bullion is defined as gold, silver, platinum or palladium (my apology again for all the gobbledegook that inevitably accompanies a copy-and-paste from this site)

There is an intriguing bit of information in this article, however, that I was unaware of, and it's this:

Currently, 41 states have eliminated sales taxes on gold and silver bullion. Repealing sales taxes on precious metal bullion takes a step toward treating gold and silver as money instead of commodities. Taxes on precious metal bullion erect barriers to using gold and silver as money by raising transaction costs. As Sound Money Defense League policy director Jp Cortez testified during a committee hearing on a similar bill in Wyoming in 2018, charging 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.”

Imagine if you asked a grocery clerk to break a $5 bill and he charged you a 35 cent tax. Silly, right? After all, you were only exchanging one form of money for another. But that’s essentially what Mississippi’s sales tax on gold and silver bullion does. By eliminating this tax on the exchange of gold and silver, Mississippi would treat specie as money instead of a commodity. This represents a small step toward reestablishing gold and silver as legal tender and breaking down the Fed’s monopoly on money.

One obvious consequence of this is that another word for a tax on money is "interest", and an interest charge on money means that the "money" isn't real money at all, but monetized debt, the facsimile of money. In other words, what is happening is that real money is re-emerging, and in competition with the facsimile of money, monetized debt, much like President Kennedy's executive order to print $4 billion of debt-free United States notes (paper money with a red Treasury seal, not the green seal of a "federal reserve note"). I'm old enough to remember spending paper money with blue seals (silver certificates) and red seals (United States notes) and watching as Federal Reserve notes gradually took over, and the others disappeared. Why did they disappear? Because the Federal Reserve Banks, when they received such bills, would simply remove them from circulation and destroy them. The last time I looked, intentional damage or destruction of a bill of currency was a crime.  But why was this done?

Very simple: if by using(circulating) one type of bill you are inevitably paying a tax on your money in the form of interest, the value of your money gradually declines in small increments because of the cost of transaction, whereas another type of bill (or real specie coin) which does not carry interest does not lose value. Which, over the long term, would you rather keep and spend? The answer is obvious, which is why monetized debt must always seek to be the sole form of money via a money monopoly, because in the scheme of things, it simply cannot compete...

...ponder that transaction cost carefully the next time you're tempted by digital "currency"...

There's a potential downside to this too that needs to be pondered carefully: consider that most of the states that have passed such bullion measures in at least one of their state legislative houses, are states that have also bought into the idea of a convention of the states:

Progress Map: States that have passed the Convention of States Article V application

As you ponder that map and that unusual linkage, another question needs to be asked: is bullion and/or specie the only kind of real i.e., debt-free, money?  The answer is already present in this article...

See you on the flip side...

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".

No Comments

  1. FiatLux on March 6, 2022 at 12:24 pm

    I think anything that is debt-free and has a few other characteristics (supply that is limited and not easily overinflated, yet still expandable if the economy expands; not easily counterfeited; requiring effort to get ahold of; recognized as currency by enough people) can be used as real, sound money.

    This “convention of states” thing worries me. Regardless of any flaws in its content or application, now is no time to tinker with the U.S. Constitution. When I look at the intellectual and ethical quality — or, rather, the lack thereof — of America’s ruling class and academic institutions today, I shudder to imagine the kind of monstrosity they’d cook up to replace any part of the current system. Even if, somehow, a group of smart people acting in good faith could be assembled to change the Constitution, what are the chances it wouldn’t be hijacked by the same well-organized, well-funded bad-faith actors that are running things already?

    • anakephalaiosis on March 7, 2022 at 6:08 am

      If the union is unfaithful, one files for a divorce. If the old cow is disagreeable, one buys a new one. There is plenty of fish in the sea.

      Swamp rock pouring down: ??

  2. anakephalaiosis on March 6, 2022 at 4:41 am

    Gold standard is just normal way of doing things.

    It was the push towards union, that removed the gold standard. It took centuries, to complete the plan, from 1776 to 1933. Only Vatican Moloch is instrumental in plotting plans, that stretches through centuries.

    Today, withdrawal from union will automatically bring back the gold standard, and restore equilibrium of normality. A union is a forced collective identity, that compromises the individual identity.

    National identity is compromised, by Jesuit agents on thrones. Scandinavian identify is compromised, by falsified history. Saxon identity is compromised, by Jesuit national socialism.

    Tracing Scandinavian-Saxon-Scythian identity, back to the unbound Isaacs, who rebelled against Assyrian tyranny, is setting the record straight. Man knows himself, when he traces his ancestry back to Abram and Adonai (Odin).

    Gold standard is about individual identity of the self-made man, in a free market, whereas union is about imperial mass manipulation, removing all traces of individuality, and that is communism.

    Gold standard is resistance against communism.


    Putin the Great, crowned as Kremlin Tzar,
    stands, as mighty ruler of Russia,
    and Scythian horse kick
    in Ukraine picnic,
    flows sparkling wine and caviar.

    Swamp rock spell cast: ??

  3. marcos toledo on March 4, 2022 at 7:59 pm

    War is Peace, Slavery is Freedom, Ignorance is Strength Welcome to (1984) Oceania. Big Brother is watching you. YOU WILL OWN NOTHING AND BE HAPPY EMBRACE YOUR THRALLDOM. RT has been silenced by order of the Ministry of Truth. I wish Mississippi luck it and the other states will need it the Global Crime Syndicate will deal with these states the way it has dealt with countries who want honest money to overthrow them.

    • anakephalaiosis on March 5, 2022 at 3:45 am


      War is peace.
      Freedom is slavery.
      Ignorance is strength.
      – George Orwell, 1984

      Flu is plague.
      Heroin is salvation.
      Rat poison is sugar candy.
      – Gorgo Ewerell, 2022

  4. Marco Fredriks on March 4, 2022 at 7:24 pm

    Looks like every state is preparing for the inevitable, which is that soon there will be a USDollar (or any other legal tender) for internal purposes only and a USD in which all the international US debt remasin nominated. Both will have completely different values, whereas I see the internal USdollar being devalued with 60%. Hard times ahead, like Venezuela, for the people in the USA. The plandemic and the war are only distraction to create scape goats to have this process implemented.

    • anakephalaiosis on March 5, 2022 at 4:04 am

      Independent states are not responsible, for a flopped superstructure, originally instigated by undercover papal agents. Therefore, send the bill to the Vatican, so Pope Satan can pay up.

  5. anakephalaiosis on March 4, 2022 at 5:05 pm

    Fundamentally, all unions are marriage rituals, and therefore all states in America are bedfellows.

    By principle, I disregards all unions, because my independence is sacrosanct. Squaws are not allowed in my teepee.

    The acronym ISA, as the Independent States of America, is better, than the USA freemasonic superstructure.

    A convention, to declare the USA null and void, is the proper action: A peace pipe agreement on non-agreement.

    Swamp rock riverboat queen: ??

  6. John on March 4, 2022 at 4:10 pm

    This is way too idealistic, people forget what FDR did during the great depression:

    Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $413 in 2020) per troy ounce.

    The U.S. and now most of the world is headed on a trajectory for a pivot point in history, one that is going to bring down the current world order and through that process there most likely will be a very horrible global war, and you can expect that at sometime before the current U.S. form of government collapses while the U.S. currency is on its way to complete destruction, that another executive order like FDR’s will happen!

    In the REAL brutal world outside of discussions such as this, the strongest and most brutal group takes power. So, the ONLY way that states who allow bullion to be used as money, will survive is if they band together and have the manpower and the arms to guarantee their independence. And just to get to that point in this day and age means there will be a very BRUTAL:period in between!

    • anakephalaiosis on March 4, 2022 at 5:29 pm

      I once saw a great movie, about a red man and a white man fighting, about a magnificent wild horse.

      Red man won the horse, and white man got a squaw instead, as second prize.

      It was independence versus union. Both men preferred independence over union. (Pretty things turn into nagging hags.)

      I have forgotten the name of the movie. Perhaps it was just a dream, I dreamt.

    • KSW on March 5, 2022 at 9:26 am

      Hey John, If Executive Order 6102 was successful at all it was because people were patriotic to a much more unconscious degree than today (as yet unaware of the deep state) – but, no one from the government went door-to-door to collect. Won’t happen again because they don’t have the manpower.

      They could make owning bullion illegal, so make a plan – bury it or melt the stuff down and cast it into pendants, as jewelry is legal and can be bartered or sold. (Some people are promoting numismatic coins, but don’t fall for that – you have to be a real collector and the quantity of metal is not that high.) Most likely, a local currency will come about (like the gold-based currency in Utah) or there will be a black market with gold and silver as currency. Things could get ugly, and probably will, but have faith in humanity – we are creative and resilient!

      Get yourself situated to take care of yourself and family and get your mind conditioned. Now is the time to get really clear on your true priorities and mostly on your spiritual views – if we are indeed eternal beings created in the image of the almighty (however you define that for yourself), then nothing can be lost (I know, but it’s true). My biggest fear is someone ‘forcing’ me to lose my humanity, so I won’t let that happen. Accept that there will be losses – perhaps in the way we live, loss of lives, and loss of humanity in some people who accept having technology integrated in their bodies.

      New communities will be formed with a new enlightenment and awareness of just what our humanity means and “this” we will carry forward. In order to weather a crisis it takes getting clear, collecting and calming yourself through preparation on all levels. We can all do this, especially if we’re already ahead of the situation by understanding what is happening. Prepare to accept the change – lack of this is what causes the worst of the anxiety and fear. Once change is accepted, then the mind can focus and will handle the anxiety and fear much better, with purpose. Also, plan to become a part of creating what is to come next as all crisis eventually ends, so try and imagine something better that is to come. Imagination is very powerful! This is all part of the evolution of the soul in humans. This has not been a peaceful planet and we are the ones who can help move us all towards a more peaceful state of being – I’ll let you interpret that any way you choose.

      My best to all.

      • anakephalaiosis on March 5, 2022 at 3:47 pm

        Men elect kings, when they seek leaders to follow. A rightful king is more than a leader, since he must place his own head, on the scaffold, to wield the ax.

        Soul is never the issue. Soul is just being a flowering focal point, in the morphogenetic field. What matters is, that one is willing to die, just for the fun of it.

        I happen to be still around, because I have a holy mission of revenge. Just like the Scythian, I stand before Nineveh, with one single purpose in mind.

        Whatever it takes, is of course a joke, bringing down the walls. Gold is just a means to an end.

  7. DanaThomas on March 4, 2022 at 3:45 pm

    The writing is on the wall, get some silver now, even if it is just some pre-65 change (for those in the US). There is reason to believe that the Ag/Au ratio, currently 77 to 1, will alter drastically, and even head towards par value.

    • Sophia on March 5, 2022 at 8:00 am

      Wise words. Those seeking to learn more can refer to Chris Marcus’ book “The Big Silver Short,” his online videos, David Morgan’s online talks, etc.

      I would not consider this investment advice so much as preparatory survival advice in the event of hyper-inflationary collapse of Federal reserve note dollars (per Alisdair MacLeod’s writings).

  8. Awake on March 4, 2022 at 3:01 pm

    Thanks for this article, Dr. JPF. Always something interesting.

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