Here is one of the fast ones Obama pulled while our eyes were on the “Crisis”, this from the Townhall Spotlight:
It’s Now Official!
Over The Counter (OTC) Bullion trading is now Illegal for all U.S. Residents.
The commodity futures trading Commission (CFTC) Now has a foot hold on the physical bullion market. A feat this Government Agency has tried to achieve since its 1974 inception.
Coincidentally, 1974 is when Americans were given back the right to own Bullion
(1933- Dec 1974 ban on Bullion) by executive order (11825), by then President Gerald Ford.
The CFTC’s June 14th, meeting on The Dodds Frank Act, set forth the final rules on all
Over The Counter markets, including retail commodity transactions of physical Bullion.
This is first step toward their ultimate goal.
Discover Their Ultimate Plot
Their reasons why and what you could do to protect your wealth.
All thanks to the Dodds-Frank financial "reform."
I find this totally chilling....
Folks interested in the details, go here.
What is particularly interesting is that these new regs appear at the same time the Chinese government is making vast purchases of gold — 200 tons last year, I hear — facilitated through the IMF with U.S. taxpayer "support." Not only that, but the Chinese government is encouraging its citizens to acquire gold for their personal investment portfolios....
Go figure!!! (Please!) At this rate, the Chinese will end up holding all the "real" wealth on the planet, the U.S. dollar no longer being a stable store of value.... And Americans will not be allowed to defend themselves from the effects of the feckless, irresponsible fiscal and monetary policies of their own government....
A side note: I purchased gold for my investment portfolio in April 2010 — 20% of my total assets. I did not buy bullion, but the semi-numismatic U.S. Gold Eagle Proof coins. Now I'm beginning to wonder if even these are "safe" investments. I remember from the FDR example that if the federal government wants to confiscate gold in public hands, it can do so easily enough....
Thanks for the chilling "news," Paperdoll!