Mike Dillard has been warning members of the Elevation Group, that our supposedly “democratic” government could be preparing to impose new laws, that many thought were outside the realm of possibility.
As seen in the picture, which is a news article from 1933, under executive order of the President of the United States of America, all purchasers of gold coin, gold bullion, and gold certificates were ordered to return their items to the nearest Federal Reserve, bank or branch.
The initial suggestion by Dillard that this could course of action could actually be a possibility, came as a shock to many. However, as he discussed with members of the Elevation Group…When governments go broke, they typically resort to the one thing they’re best at; writing laws.
Dillard’s theory was further supported as just about a week ago, when a Dutch central bank ordered a pension by force, reduce its overall gold assets.
However, another reported bill could have even more fearful implications for U.S. citizens. If passed, the Bill 1716 would require a full description of the asset that was purchased including the brand, serial/model number, any initials or engravings, total size, mold, color, and basically anything else that helps to identify the coin.
The best part though? Also proposed as part of the bill: if a transaction occurs for an amount over $100, the purchaser will be required to have a signature, photo, along with a fingerprint on deposit with the state.
Overall, Dillard finds too many impracticalities in implementing a nationwide procedure like Bill 1716. However, be aware that good tax planning will be essential in the upcoming years as the government most likely have dramatic tax increases.
More Details on The Elevation Group Website