Another ObamaCare Surprise: Tracking Your Gold
Hat Tip – Doug Ross
Just when you think you’ve “seen it all”, along comes a new discovery in the massive ObamaCare legislation that defies all logic and leaves one just shaking their head in disbelief.
The latest Easter Egg, buried in the fine print, requires coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.
“Economic Policy Journal relays word from the coin-collecting magazine Numismater that:
…[s]tarting on January 1st in 2012, US federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.
Venturing a guess as to the Democrats’ rationale, two tactics come to mind:
The tracking directly targets a major advertising force on conservative television programs, websites and radio shows (e.g., GoldLine) and puts the cross-hairs on conservatives who purchase bullion.
• Like FDR, who confiscated gold from individuals, the Obama Democrats want to begin controlling the flow of real currency — not just the fiat paper that Ben Bernanke has been printing like a madman.”
This reporting is, in fact, a direct snooping into your personal buying habits and will be done without the benefit of a court-issued subpoena or warrant. The government will simply be able to pry deeper into your personal finances, which would seem – at first blush – to be quite unconstitutional. But that possibility hasn’t prevented the Obama administration from doing anything and everything it wants to do, irregardless of whether it’s constitutional or not!
A team of legal beagles needs to rip this monster apart – page by page – and take whatever steps are necessary to defund each and every like passage.
While “Repeal and Replace” would be a perfect cure for what ails this monstrosity, the votes to override a presidential veto aren’t going to be there, so constitutional challenges in federal court – along with a refusal on the part of the House to even consider funding this “great accomplishment”, are now very much in order.
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History repeating itself.
Just cut the coins into pieces smaller than 600 value or have a fake ID made. Take the small loss to remain Anon. Buy now or forever hold your pieces!
I’d rather be in a Gulag than in a Obamacare hospital
What’s you address? I’ll send you a ticket!
Repeal is the way to go – but you have to do that after 2012. John Boehner has said that he wants the House, under republican leadership, to refuse to fund Obamacare until then.
Don’t stop at Obamacare. Shut down the whole government. That worked well last time you jerks did it!
The refusal to see the obvious is a desease effecting one’s central logic center and is at epidemic proportions in the liberal socialitic party.
Typical Tyrannical Tactics brought to us courtesy of the Marxists formerly known as Democrats
Repeal, for democrats, the right to life liberty and pursuit of the murder of freedom.
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