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A Metal Whose Time Has Come

28 Jun

The Gold Stallion Get Ready for the Ride of your Life [courtesy Google Images]

The Gold Stallion
Get Ready for the Ride of your Life
[courtesy Google Images]

Back in the 1990s I published a magazine called the “AntiShyster” that catered to people interested in legal reform and “patriot” issues.  As a result of that publication, for over a decade, I had an opportunity to observe almost every fundamental concept and strategy embraced by members of the “patriot” community.

One persistent patriot focus was the monetary system in general and our fiat currency, in particular.  After much study (and sometimes much greed) a number of “patriot” gurus concluded that if government could make a fiat currency, then it must be legal for you and I to do the same.  Based on this conclusion, some gurus would teach you how to make homemade money orders.  Others advocated homemade “comptroller warrants” to pay your bills.

Initially, these homemade monetary instruments were only intended to pay taxes and fines to the government.  I didn’t advocate that use, but I didn’t object to it, either.

Inevitably, as these homemade monetary instruments became more popular, advocates started using them to buy a new pickup trucks and bass boats from ordinary Americans.  Doing so was fraud and the perpetrators often went to prison.  If I’d been on the jury, I would’ve sentenced those con-artists to prison, too.

Whether the “research” behind these proposals was sound or silly, over a period of about three years, I learned one, big, fundamental lesson:   You and your friends can conspire to assassinate the President and the government might come after you and it might not (Presidents are disposable; you can screw them in or out of the White House like light bulbs)—but you screw with the fiat money system and the government will jump on you with both feet and you will go to prison.

It may be that some of the less successful gurus who advocated homemade monetary devices didn’t go to prison, but I didn’t hear of any.  It might take the government a couple of years to catch up with you, but if you successfully advocated making homemade money orders, etc., you were going to prison for quite a while.

What I learned from seeing the government’s virulent reaction against anyone who advocated making your own monetary devices is that “fiat money” is the financial and political system’s “heart of darkness”.  The government would defend the fiat dollar violently and, figuratively speaking, to the death.

•  I don’t think that virulent defense of the money system is a recent phenomenon. The Christ spent several years teaching and healing without causing as much concern among the Pharisees or Rome as he caused by chasing the money-changers out of the Temple.

I can’t say that the Christ’s assault on the money-changers was the primary secular reason that he was ultimately crucified.  But I can say that the Christ’s assault on the money-changers and later crucifixion are at least coincidentally consistent with the “rule” I discerned in the 1990s:  mess with money system and you’re going down.

 

•  Back about A.D. 2001, Bernard von NotHaus invited me to participate in the promotion of a new constitutional money system based on silver “medallions” (not “coins”) that could be used as money. His proposed monetary system didn’t involve “homemade comptroller warrants” etc..  He proposed that people in the patriot community start doing business and paying their bills with the silver “medallions” that he was minting.

It was a nice idea. Von NotHaus seemed like a nice man.  So far as I could see, his proposed monetary system was legal, constitutional and devoid of fraudulent intent.

I wouldn’t touch it with a 10-foot pole.

As I said, I’d learned in the early 1990s that if you mess with the fiat monetary system, you’d best plan on going to prison.  Von NotHaus was messing with the monetary system.  Not wanting to go to prison, I thanked von NotHaus for his invitation and got as far away from him as I could. I knew he was headed for prison.

I expected government to scoop him up within a few months.  I was much surprised that the government didn’t raid von NotHaus until A.D. 2007—when about a dozen federal agents seized nearly two tons of “medallions” that featured the image of Texas congressman Ron Paul.  They also took about 500 pounds of silver and 40 to 50 ounces of gold.

Von NotHaus wasn’t arrested until A.D. 2009.  The fact that it took the government most of a decade to arrest von NotHaus is probably testimony to the legality of his “Liberty Dollar” program.  If he’d actually been doing something illegal, they would’ve arrested him much sooner.

But, the fact remained that von NotHaus was screwing with the fiat monetary system, so, under the fundamental rule of modern American government, he had to go to prison.

In A.D. 2011, he was convicted on several charges including counterfeiting and “domestic terrorism”.  (He was no more of a “domestic terrorist” than Captain Kangeroo.  But, as I said, government was virulent in their defense of the fiat dollar.)

After appeals, he was sentenced in A.D. 2014 to six months house arrest and three years’ probation.  I’m still amazed that his sentence was so lenient.  Six months host arrest?  I wouldn’t have been surprised if the government had sent him up for 20 years.  Even though his actual sentence was almost trivial, von NotHaus will have spent a decade of his life fighting the government for the “crime” of minting silver “medallions” that could be used as money.  That’s a price few of us can afford to pay.

Despite von NotHaus’ short sentence, the fundamental rule of American politics (mess with the fiat monetary system and go to prison) seemed to remain intact.  Ok—maybe you wouldn’t necessarily go to prison, but you’d still probably be ruined.

 

•  Then, a little over two weeks ago, the government of The State of Texas passed a law authorizing the establishment of the Texas Gold Bullion Depository and the “repatriation” of $1 billion in Texas gold from the New York Federal Reserve’s vault to the nascent Texas Depository. More, this new Bullion Depository would allow ordinary men and women to deposit gold into their own Depository accounts and use that gold to pay their bills to others who had similar accounts. (see, Texas Gold Bullion Depository Implications)

Holy mackerel!  Texas is on the verge or reinstating a constitutional, gold-based monetary system!

I’m shocked (shocked, I tell you!), and I’m amazed and delighted.

I’m also concerned that, under the “fundamental rule” (those who screw with the fiat money system go to prison or the grave), Texas Governor Greg Abbott might get himself shot by a “lone gunman”.  Texas is no chump, but it is violating that primary rule.  Texas is messing with the fiat monetary system.  That shouldn’t be allowed.

I was amazed that Texas would dare to do so.

I’ve also been expecting to see retribution against Governor Abbott or other proponents of the Gold Bullion Depository bill when the “rule” is enforced by the Federal Reserve, the federal government or a lone gunman.

 

•  But. Three days ago–and only two weeks after Texas legalized its Gold Bullion Depository—China announced that the Shanghai Gold Exchange is planning to establish:

 

“. . . a new physical gold price mechanism by the end of the year that will compete with London and the U.S. Comex.  Expected to be denominated in Yuan, this new gold price platform comes less than 10 days after China became the first Asian country invited to be a part of the London gold fix, and unlike the U.S. Comex, will deal in direct physical gold sales rather than in paper futures and derivative contracts.”

“When the Shanghai Gold Exchange (SGE) opened in 2014, it set out to usurp the West’s control over gold and their pricing of gold through the paper markets. And in less than a year, the SGE has created the world’s largest gold fund, and is now ready to take over pricing and price discovery for the monetary metal. In fact, sources claim that right now premiums on large sales of gold bullion are ranging as high as $600 over the current paper spot price.”

 

Ohh-Em-Gee!  Ohh-Em-Gee! 

If China is going to set the price of physical gold “by the end of the year,” that means that within six months, the London gold fix and Comex will no longer be able to completely manipulate the global price of physical gold with paper-gold debt-instruments.   Within six month, the price of physical gold will increase dramatically and the value of the paper dollar will be correspondingly reduced.

Gold in large quantities is already selling at the Shanghai Gold Exchange (SGE) for $600/ounce more than the price of “paper gold” seen on Comex and the London Gold Fix.  That’s over 50% higher than the current price of paper gold that we have from the New York and London.

Fifty percent!

Already!

That means that while a ton of paper gold is priced at $1,200 per ounce in the US, a ton of physical gold is already priced in China at $1,800 per ounce.  How long before that price for tons applies to price for kilos and then to ounces?  How long before that $600/ounce premium moves from China to the US?

If physical gold in China is already priced 50% higher than paper gold in the US, what do you think will happen to the price of physical gold once the SGE’s new “price mechanism” actually goes into effect in the next few months?

I won’t argue that the price of physical gold will double by the end of this year.  But it could.

I will argue that the current price of physical gold will quite probably double by the end of June in A.D. 2016.

If China is going to set the price of physical gold, they are letting the genii out of the bottle, the toothpaste out of the tube.  The price of gold that’s been suppressed like a beach ball underwater in a pool for the past several years, is about to be released and come shooting up out of the water like an SLBM (Submarine-Launched Ballistic Missile)!

If you have any plans to buy your spouse a gold watch or gold necklace for Christmas, you’d better buy it now because you might not be able to afford it by the first of next December.

The prospect of seeing the price of physical gold determined by a free market in China rather than a manipulated “paper-gold” market in New York is exciting.  Inspirational.

Still, despite my glee about gold, I’m beginning to wonder if the primary rule (“protect the fiat dollar at any cost”) is still in effect.  Texas is about to set up a Gold Bullion Depository.  China is about to establish a market price for physical gold.  All that’s great for gold but poses a mortal threat to fiat dollars.

Will the federal government allow Texas and China to threaten the Federal Reserve Note?  Or, are we about to see some sort of extraordinary reaction from the feds against Texas and, in the unlikely extreme, war against China.

I’m not predicting that the US will go to war with China to prevent the SGE from setting the price of physical gold so high that the dollar is inflated, devalued and perhaps even hyper-inflated into oblivion.  But I am predicting that if the US doesn’t do something dramatic, and soon, to regain control over the price of gold, then over the course of the next twelve months, the purchasing power of the fiat dollar will suffer its biggest loss in your and my lifetimes.

 

•  And then–after the Texas and Chinese announcements–two days ago, Mish Shedlock announced on his Global Economic Analysis website that it would soon be possible to buy, sell and store gold through a product called “BitGold”. Your gold would be stored in a Brink’s facility and could, ultimately, be used to buy and sell with a debit card.

The BitGold product is not for me.  According to the Shedlock article, BitGold is only for “US residents” and “residents of US territories”.  If you’ve followed my work in the past, you probably know that I’m extremely wary of the terms “US,” “resident” and “territory” and will not voluntarily associate myself with those labels.

Therefore, as I said, BigGold is not for me.

Nevertheless, BitGold is big.  It makes von NotHaus’ attempts to restore constitutional money look trivial.  BitGold is allegedly backed by $40 million—$21 million of which came in just the last month or so.  This isn’t crowdfunding.  This is big money coming in from investors who are at least multi-millionaires and expect BigGold to generate huge profits.

BitGold is more than an intriguing concept.  It’s probably the single biggest private threat to the fiat dollar since the Hunt brothers tried to corner the silver market back in A.D. 1979.

BitGold has financial backing.  It will almost certainly attract significant public support.  In doing so, BitGold will threaten the power and dominance of the fiat currency system.

BitGold won’t destroy the fiat dollar, but it will impair it—and it will open the door to similar products which will also work to impair the fiat dollar.

But what about the primary “rule” that those who mess with the fiat monetary system, go to prison?   Has that rule been suspended?  Overturned?  Abandoned?  If not, will BitGold be able to evade that rule?

We’ll see, but I’m skeptical about BigGold’s survivability.  I’d bet that there’s a 30% probability that BitGold will be indicted, charged, etc. by the feds.

I doubt that the federal government can stop the Shanghai Gold Exchange from setting the price of physical gold without going to war. I doubt that our government really wants to go to war with China.

Texas isn’t a foreign country, but it’s as close to being one as any other State in the Union.  The feds might be able to suppress the Texas Gold Bullion Depository, but it won’t be as easy as charging and convicting von NotHaus.  The feds might be able to delay the Texas Bullion Depository, but I doubt that they can stop it.

BitGold is another matter.  BitGold is private.  There’s no foreign government or state involved to any significant degree.  There’s just a handful of rich guys who may have a little more money than they know what to do with and apparently don’t know the “rule” (those who mess with fiat monetary system go to prison).

If the feds are going to enforce the “rule,” BitGold is the most likely target.

If the feds aren’t going to enforce the rule, the fiat dollar is dead.

Regardless of whether BitGold’s principals get fabulously wealthy or sent to the pen, they’re setting an example that will be copied and probably improved on by other groups of entrepreneurs who have $100 million or even $500 million to invest.  (Maybe they’ll even let members of the “people of The United States of America” participate—not just “US residents”.)

My point is that BitGold is only another leaf in the breeze that—win, lose or draw—is pointing towards the restoration of physical gold as money within the United States.    Physical gold may not soon become “the money” in the sense of being “the only money” in the US.  But it seems certain that physical gold is about to be recognized as “a money”—in the sense of being a legal, viable, recognized alternative to fiat dollars.

All of which bodes ill for the fiat dollar.

 

•  In less than a month, I’ve seen Texas announce plans to build a Texas Gold Bullion Depository, China announce that it would soon be setting the price of physical gold, and BitGold announce plans to set up a system for buying, selling, storing physical gold and, ultimately, for paying your debts with physical gold.

If I saw just one of those events take place in a year, I’d say gold was making great progress.  Seeing all three of those announcements in less than a month is too fast for me to comprehend or for government to resist.

Whether there’ll be any attempt to enforce the “rule” is debatable.  The feds might give it one last try, but I suspect that everyone involved knows that the fiat dollar game is just about over.

I’m hearing the “clickety-click” of dominoes that aren’t just falling, but racing faster and faster.

It’s not just the number of events impacting gold that are impressive.  It’s the velocity at which those events they are occurring.   Something has broken.  Something fundamental has changed.  The Fed/fed “system” is losing control of the price of physical gold.   Gold is breaking free.

I think the next six to twelve months will constitute the ride of our lives.  That ride will be exciting but it won’t necessarily be fun.  It could be scary.

I think gold is a metal whose time has finally come.

 
15 Comments

Posted by on June 28, 2015 in Fiat Currency, Gold & Silver Coin

 

Tags: , , ,

15 responses to “A Metal Whose Time Has Come

  1. Dev

    June 28, 2015 at 6:43 PM

    Wow! Interesting article!

     
  2. dejure

    June 28, 2015 at 7:16 PM

    Re: ” Texas isn’t a foreign country, but it’s as close to being one as any other State in the Union. . . .”

    Volume 20: Corpus Juris Sec. Section 1785: “The United States Government is a foreign corporation with respect to a state” NY re: Merriam 36 N.E. 505 141 S.Ct.1973, 41 L.Ed.287.

    This may explain your discomfort with being considered one eligible for participate in things allowed for citizens of the United States.

     
  3. dejure

    June 28, 2015 at 7:23 PM

    By the way, I fully agree with your concerns about work-arounds by private citizens regarding the fiat money system.

    Every time I see someone going down the straw man, refused for cause, ratification for failure to rebut, consensual lien and similar roads, I cringe. The fact they can only offer vague explanations and cites to support the arguments aside, I know many of them are going to claim they have the right to create their own debt instruments based on the claimed damage.

    Back when Hartford gave classes on the lien process, I found it both exciting and disturbing. In my ignorance, I was excited from “learning” we might have a remedy. I was disturbed by that no cites were ever given supporting the processes.

     
    • Russell Arms

      June 28, 2015 at 10:18 PM

      dejure,
      YOU ARE ONE OF THE “GOOD GUY LAWYERS, LIKE JAMES WILSON.
      @ By the way, I fully agree with your concerns about work-arounds by private citizens regarding the fiat money system.
      BUT dejure, REMEMBER as I mentioned to palani, (I forget the NOM DE GUERRE) anyway, IF we have ENOUGH FIAT PAPER, this will get us a FIAT CAR, IF we want one. Yes, of course this Fiat car WILL still BE Gov-Co property BUT !! We can USE IT, provided of course we get all the licenses demanded. :-(

       
  4. palani

    June 28, 2015 at 8:04 PM

    Linking gold to commerce is not really a good idea. There simply isn’t enough gold to support such a system. All these rumors of gold going to $10,000 or $20,000 an oz simply come about when one does the mathematics of trying to support the current levels of commerce with a commodity such as gold.

    Gold however is linked forever to law. For contracts to happen something of substance must change hands. It can’t be all fiction. But then the quantity that is needed might be as little as 1/20th of an oz or even 1/50th of an oz in order to fulfill the requirements of law with respect to contracts. There has never been a necessity for the entire transaction to be based upon gold. There is a certain symbolic use by using gold for contracts. Just like the symbols of bowing to the king or livery of seisin to transfer land or the acceptance of land by perambulating it.

    As in the movie FIDDLER ON THE ROOF …. TRADITION!!!!

     
    • Russell Arms

      June 28, 2015 at 10:06 PM

      palani,
      @ As in the movie FIDDLER ON THE ROOF …. TRADITION!!!!
      palani, the question is, do you want to fiddle, whittle, or, diddle? :-) D

      Sincerely,
      D B Cooper & ALL BELOVED, on this blog, associates, i.e., e.g, Ted, Spade, Red, Ira, Gene, Happy Campbell, et.al. YES INDEED, ET AL. So many even I forgot 90% of umm. Many more tho

       
    • Roger

      June 28, 2015 at 10:45 PM

      palani: “There simply isn’t enough gold to support such a system.”

      That’s correct. And the price of gold in US dollars has nothing to do with it. Even if gold was $1,000,000 an ounce, there still wouldn’t be enough gold for a modern, first-world economy to use it as an exclusive currency. The reason is fundamental and has to do with basic economics.

      To sustain the velocity of money needed for a functioning economy with a $1.5 trillion GDP like that of Texas, it takes a money supply worth at least $3 trillion: i.e. 3,000 times the value of the Texas gold stash. Moreover, backing a $3 trillion money supply with physical gold would require about 1/3 of all the gold ever mined.

      So you see why the Texas government is believable when they repeatedly claim to have no intention of switching to a gold-based monetary system.

      Again, this minimum ratio of money supply to GDP has nothing to do with the price of gold in US dollars. It’s all about the relative market value of an economy’s money supply versus its GDP, which of course is independent of the units (e.g. US dollars, ounces of gold, reams of paper, coconuts, etc.) in which money supply and GDP are measured.

       
      • mikeck44

        July 1, 2015 at 8:46 AM

        “That’s correct. And the price of gold in US dollars has nothing to do with it. Even if gold was $1,000,000 an ounce, there still wouldn’t be enough gold for a modern, first-world economy to use it as an exclusive currency.” That does not really make sense, but I can only hope that you are correct. Gold will be a perfect Store of Value and fiat money a perfect Medium of Exchange once the paper gold “market” is sent to the dustbin of history. Until then, we wait.

        Mike

         
  5. Henry

    June 28, 2015 at 8:29 PM

    The following is a copy-and-paste from the website of the Office of the Governor, describing the location (“State of Texas”) and purpose of the depository.

    Governor Abbott Signs Legislation To Establish State Bullion Depository

    Friday, June 12, 2015 • Austin, Texas

    Signature Statement

    Governor Greg Abbott today signed House Bill 483 (Capriglione, R-Southlake; Kolkhorst, R-Brenham) to establish a state gold bullion depository administered by the Office of the Comptroller. The law will repatriate $1 billion of gold bullion from New York to Texas. The bullion depository will serve as the custodian, guardian and administrator of bullion that may be transferred to or otherwise acquired by the State of Texas. Governor Abbott issued the following statement:

    “Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state.”

     
    • Roger

      June 28, 2015 at 10:46 PM

      @ Henry

      Here’s the same details in the actual text of the new law – Government Code, Title 10, Chapter 2116, Section 002 in its entirety:

      TEXAS BULLION DEPOSITORY.

      (a) The Texas Bullion Depository is established as an agency of this state in the office of the comptroller.

      (b) The depository is established to serve as the custodian, guardian, and administrator of certain bullion and specie that may be transferred to or otherwise acquired by this state or an agency, a political subdivision, or another instrumentality of this state.

       
  6. Russell Arms

    June 28, 2015 at 9:10 PM

    Alfred Adask, &,dejure
    @ I can’t say that the Christ’s assault on the money-changers was the primary secular reason that he was ultimately crucified.

    John 2:17 Was written . . . hath eaten me up .—More literally, is written . . . shall eat me up.
    This has also been understood as, will be the spark that will lead to my death.

    John 2:12-22
    The first public work in which we find Christ engaged, was driving from the temple the traders whom the covetous priests and rulers encouraged to make a market-place of its courts. Those now make God’s house a house of merchandise, whose minds are filled with cares about worldly business when attending religious exercises, or who perform Divine offices for love of gain. Christ, having thus cleansed the temple, gave a sign to those who demanded it, to prove his authority for so doing. He foretells his death by the Jews’ malice, Destroy ye this temple; I will permit you to destroy it. He foretells his resurrection by his own power; In three days I will raise it up. Christ took again his own life. Men mistake by understanding that according to the letter, which the Scripture speaks by way of figure. When Jesus was risen from the dead, his disciples remembered he has said this. It helps much in understanding the Divine word, to observe the fulfilling of the Scriptures.

    Why Jesus Was REALLY Killed: Challenging the Money Changers …
    Apr 20, 2014 … The charges that were leveled against him can be summed up as insurrection.
    There … In other words, Jesus wasn’t sentenced to death until he challenged the
    money changers. … The Bible asks us to do justice and to stand up to ANYONE
    …. So did Jesus attack the money-changers for over-charging?
    http://www.washingtonsblog.com/2014/04/jesus-money-changers-modern-banks.html – 228k –

    Your mind will muse on the terror: “Where is the one who counted? Where is the one who weighed the tribute? Where is the one who counted the towers?” No longer will you see the insolent people, the people of an obscure speech that you cannot comprehend, stammering in a language that you cannot understand.”
    – Isaiah 33, verses 18-19.

    “To lay with one hand the power of government on the property of the citizen, and with the other to bestow it on favored individuals… is nonetheless robbery because it is done under the forms of law and is called taxation.”
    – U.S. Supreme Court – Loan Association v. Topeka (1874).

    “In a recent conversation with an official at the Internal Revenue Service, I was amazed when he told me that, “If the taxpayers of this country discover that the IRS operates on 90% bluff, the entire system will collapse.””
    – Senator Henry Bellmon, 1969.
    From Current FAQs

    “Lawful money” is a term used in the Federal Reserve Act, the act that authorizes the Board of Governors of the Federal Reserve System to issue Federal Reserve notes. The Act states that Federal Reserve notes “shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.” The Act did not, however, define the term “lawful money,” but up until 1913, the only currency issued by the United States that was legally recognized as “lawful money” was various issues of “demand notes” (subsequently known as “old demand notes”) and “United States notes” authorized by Congress during the Civil War.

    At the time, some currency was not considered legal tender, although it could be used by national banking associations as “lawful money reserves.” Thus, the term “lawful money” had a broader meaning than the term “legal tender.”

    In 1933, Congress changed the law so that all U.S. coins and currency (including Federal Reserve notes), regardless of when issued, constitutes “legal tender” for all purposes. Federal and state courts since then have repeatedly held that Federal Reserve notes are also “lawful money.” Milam v. U.S., 524 F.2d 629 (9th Cir. 1974), is typical of the federal and state court cases holding that Federal Reserve notes are “lawful money.” In Milam, the United States Court of Appeals for the Ninth Circuit reviewed a judgment denying relief to an individual who sought to redeem a $50 Federal Reserve Bank Note in “lawful money.” The United States tendered Milam $50 in Federal Reserve notes, but Milam refused the notes, asserting that “lawful money” must be gold or silver.

    The Ninth Circuit, noting that this matter had been put to rest by the U.S. Supreme Court nearly a century before in the Legal Tender Cases (Juilliard v. Greenman), 110 U.S. 421 (1884), rejected this assertion as frivolous and affirmed the judgment.
    Federal Reserve Notes are not Legal Tender – Freedom School
    The above is an example of a note authorized by the Federal Reserve Act to be …
    So what are those greenish pieces of paper that so may people call money, or.
    http://freedom-school.com/money/federal-reserve-notes-not-legal-tender.pdf

     
    • Allen Curtis

      July 16, 2015 at 6:24 AM

      Russell Arms,
      @ He foretells his resurrection by his own power; In three days I will raise it up. Christ took again his own life
      NOT SO !! It WAS, El, The Father, that raised him, Yahshua, up. It was the WILL of the Father, NOT, Yahshua, aka, Jesus. Remember, NOT MY WILL. BUT YOUR WILL BE DONE? It’s easy to understand WHEN we KNOW they ARE 2 different beings but ONE, in like mind. 2 birds of a feather, so to speak. I have often thought of HOW Adam’s creation v. Eve’s creation was a clue of 2 beings. One was taken from the other. Anyway, it’s, I guess one of those “secret” things known only to them.

       
  7. Robert Snyder

    June 28, 2015 at 9:38 PM

    Al I used to read the Anti-shyster. Andy Anderson introduced me to it. In regards to a 501 C-3 church, Andy introduced me to Mahonri Favor, the pastor of His Vinyard church down in Utah. He has since passed on. My mining partner, Mark Pengelly is starting a 508 C-1 church in John Day, Ore. I learned about this type of “church” from pastor Favor.I was wondering if this was what you were referring to when you talked about a Non 501 C-3 church? My mining partner is having trouble with the state of Oregon because they don’t want to allow this type of church. I know you are pretty good with law and wondered if you could help him with this?  Bob  From: Adask’s law To: rcsnydersr@yahoo.com Sent: Sunday, June 28, 2015 2:51 PM Subject: [New post] A Metal Whose Time Has Come | Adask posted: “Back in the 1990s I published a magazine called the “AntiShyster” that catered to people interested in legal reform and “patriot” issues.  As a result of that publication, for over a decade, I had an opportunity to observe almost every fundamental concept” | |

     
    • JustaRegularPatriot

      July 1, 2015 at 6:31 PM

      This is interesting indeed regarding the contracts that are 501c3 AND 508c1.

      I hope it helps you Robert in your quest

      https://jeraldfinney.wordpress.com/2014/04/28/church-internal-revenue-code-%C2%A7-508-tax-exempt-status/

      Hosea 4:6 “My people are destroyed for lack of understanding”.

      One would not be entirely wrong to understand that his church, or any church, will be forever yoked to the state and their MAN MADE WRITTEN “laws”, “statutes” and “codes”; if they choose to play their game.

      Instead STAND ON THE FIRST AMENDMENT ONLY. It

      From the article:
      For specifics on how to organize a church under the Bible principle of separation of church and state, one can also go to a new website just being launched: ABIBLETRUST.COM.

      GODspeed.

       

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