Comments on: IRS Court Case Shakes the Foundations of the Debt Money System

By: factchecker

factchecker — Tue, 26 Jul 2011 09:14:07 +0000

The suggestion has to work, if I pay the state of Utah or 7 eleven money or a restaurant in gold coins, they have to take at face value atleast, however the IRS requires taxation of free services, if I mow your lawn for free or give you a house for free (subject teo rules) I generally have to pay taxes if I win the lottery, so the creditor is suddently receiving not $50 but $1,500 even though only $50 debt is discharged? What if the debtor paid $100 in silver by mistake and the creditor promised to pay him back with $100 platinum coin?

What about silver currency such as quarters, dimes,halfs, nickels,

and how about the nickel and the penny before melt ban in 2005,
they are worth “more” than face value, does this mean that banks have more on the balance sheet and have tax liability, a pre-1982 penny is 3 cents , a nickel 7 cents, so if a bank has thousands?

What about old or worn notes, so if a $10000 note is worth $100000 at fair market value, how can a creditor say well gee he’s only given me $10000 and then the IRS says no he gave you $100000 but then the creditor sues for the remaining $90,000, ?

A loophole indeed!

By: Charles Kirk Clarkson

Charles Kirk Clarkson — Tue, 08 Mar 2011 16:46:53 +0000

Here’s a link to the original text:

http://forums.second-amendment.org/index.php?topic=3494.0;wap2

By: Precious Metals Brokerage Group

Precious Metals Brokerage Group — Tue, 04 Jan 2011 05:01:27 +0000

A lot of our clients are expressing doubt about the future of the US Dollar and are happy to learn that a self directed IRA allows them to place physical gold coins within it. They are often unaware of the fact that their traditional 401k’s, which do not allow the placement of physical precious metals within it, can be rolled over into a Self Directed IRA if certain qualifications are met. With stories like this, there’s no mystery as to why people want to get their hands on gold.

By: Thomas H. Greco

Thomas H. Greco — Fri, 23 Apr 2010 19:29:49 +0000

That site seems to have been taken down. If you search and find the article elsewhere, please let me know.

By: jesie whitham

jesie whitham — Fri, 23 Apr 2010 17:30:28 +0000

Congratulations on him finding a way to screw the IRS. Too bad the lnks don’t work…

By: Gold Coins

Gold Coins — Wed, 20 Jan 2010 19:36:44 +0000

Every one want to save there wealth physically gold bullion is good choice.Thanks for the great reading, we buy gold coins in a recession. I will pass this on to our Ira clients to read. gold coins

By: Gold Coin Collection

Gold Coin Collection — Sun, 07 Sep 2008 14:08:04 +0000

Great article, very informative! Thanks.

By: Marty Heyman

Marty Heyman — Thu, 08 Nov 2007 16:46:51 +0000

Thanks. This suggestion was in an inflammatory “How to Legally Stop Paying Taxes” book I found thirty years ago and discarded somewhere along the way. I never trusted the advice as it seemed to be just a wild hair … it’s good that someone went all the way with it. It will be interesting to see 1) what the Federal Government (IRS and all) do next and 2) whether ANYONE picks up on the story.