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INSTANT POVERTY FOR ALL: Supreme Court Decision Could Impose Taxes On PAPER GAINS For All Assets

The following is a partial auto-generated transcript of the Mike Adams broadcast (Brighteon Broadcast News) for Dec 12, 2023. The full episode is available in audio format at this link on Brighteon.com.

Article by Mike Adams, republished with permission from Naturalnews.com

Let’s move on to the financial news today, because there is a massive US Supreme Court case looming here that’s called Moore versus the United States. If the Supreme Court sides with the federal government on this, it would allow the federal government to essentially confiscate virtually all assets of the American people, including your stocks, your home, your land, your gold, everything, almost everything. So this case is challenging the constitutionality of a tax law which was part of a law enacted in 2017, under Trump. This law required a one time repatriation on unrealized profits that are held overseas. So if you were an investor in an overseas company, and then that company never paid you profits, but if it reinvested its own dividends, and you maintain your ownership of that company, you were supposed to pay taxes on these unrealized gains, even though you never got paid.

So this couple Charles and Kathy Moore, they sue the government after they were billed $14,700 or so as a tax obligation. It’s gone to the Supreme Court, the oral arguments have already taken place. That was about a week ago. And the Supreme Court is set to rule on this… many people believe by June 2024.

Now, importantly, if the Supreme Court rules that the federal government can tax unrealized gains, that is paper profits, on investments that American citizens hold, then that would be absolutely catastrophic for the American people for their savings, for their assets, for their retirement funds, everything. And here’s a quote from Peter Schiff. He tweeted this out, and I think it encapsulates the potential crisis facing us all if the supreme court rules in favor of the federal government, he says:

If the supreme court rules in favor of the government and allows it to redefine the income to include any unrealized appreciation in any asset, that it will grant the federal government a new power to nationalize the entire asset stock of the nation. In hyperinflation, the only refuge people have is the ability to hold real assets and never sell them. But if the federal government can claim unrealized inflationary gains as being taxable income, then almost all Americans will be forced to sell their assets just to pay their tax liabilities.

You understand what he’s saying here. Essentially, if you’re holding house or land, or gold or stocks, and the paper value goes up, the government would force you to pay the gains on the paper value in dollars, even though you haven’t sold those assets, and you have no cash flow to even pay the gains. So in order to pay the gains, you’d probably have to sell at least part of the assets, and then pay that money to the government.

But of course, it’s a giant scam, because the government prints money causing inflation, or devaluation of the dollar, but inflation in terms of the prices of assets, and the IRS would consider that inflation to be a gain, even though it’s not a real gain. Your gold for example, may have gone up in terms of dollars per ounce, but the gold itself may not purchase anything more than what it purchased five years earlier. You have no gain in purchasing power. It’s just risen in dollar denominations because the dollars are losing value, resulting in inflationary pricing of all other assets. Well, the IRS would expect you to pay them their cut for paper gains.

Anyway, Peter Schiff continues:

…but with all assets up for sale at once, the most likely buyer will be the federal government itself, which will pay in near worthless paper. In one decision, the Supreme Court would have rendered the Constitution meaningless, effectively eliminated private property rights, and provided the federal government with the legal mechanism to pull off a communist revolution without having to fire a single shot.

This is how you will own nothing and be enslaved by the regime

Think about that, folks. If the IRS can tax your unrealized gains, your paper gains on assets you hold, then they can force you to sell them. And they can take over essentially all the assets that the American people hold merely by the federal government printing trillions of dollars, causing all those asset prices to go up in dollars, creating taxable events.

So they’re ripping you off twice, they’re ripping you off by looting your dollars by printing dollars, effectively stealing the purchasing power of the dollars you hold. And then they will be looting you a second time by forcing you to sell your other assets because they’re going up in dollars. Imagine that. Like okay, we steal from you. We loot your bank account, we take a percentage of all your money every month, because the dollar is losing purchasing power every month. And then also, every year, you got to pay us another 30% 40% of the gain and you’re like what gain? It didn’t even gain any value. Oh, well, it gained in dollars.

That kind of makes you want to hold onto more gold and silver and privacy crypto, doesn’t it? Right? Remember, the government can really only effectively confiscate things that are held in electronic records. Typically, the IRS orders your bank to just hand over your bank account. Or they garnish your wages or they seize your IRA or whatever. But they can’t do that with things that are not recorded electronically in some centralized database somewhere. They can’t seize your Monero privacy crypto, for example, because they can’t break encryption. They can’t seize your gold and silver unless you have it stored somewhere that they know about. In which case they can but otherwise, if you just have it in your own custody, or maybe you’ve already lost it, and you don’t even have it anymore, who knows. But they can’t seize something that they can’t get digitally.

Liberals want governments to force everyone into extreme poverty in the name of “equality”

Now, the liberals are freaking out over the possibility that the Supreme Court might rule against the federal government. That is a possibility. And the reason liberals are freaking out is because they want to impose wealth taxes on everybody and everything in order to fund their continued expansion of government welfare programs and government spending and war spending and everything else. Remember, Democrats are the pro war party now. So they need more money to fund the wars. And if the government can’t confiscate more money from you, then they cry and sob about rising deficits. And they claim that’s irresponsible. To have rising deficits. It’s irresponsible to let people keep more of their own money.

The responsible action, they argue, is to confiscate more money from more people, of course. But of course, they claim they’re only targeting the wealthy. But as inflation gets worse and worse, everybody who works will be considered wealthy, because you’ll be moving into higher and higher tax brackets just because of inflation and the devaluation of the dollar. So if you’re not on welfare, you’ll be considered wealthy and they’ll want to confiscate more of your money. And there’s nothing you can do about it if the Supreme Court rules on this. This is why it’s crucial to maintain self custody… assets that are in your hands and that are under your control are assets that can’t be seized. Or even if it’s not self custody. If you vault gold or silver, for example, with a third party vaulting company that is not tied into the federal regulatory banking system controls, then that’s much safer than just having your money sitting in a bank, because every bank deposit can simply be confiscated by the federal government at any time.

SCOTUS decision could collapse the housing market

Can you imagine what this decision would do to the housing market nationwide, it would crush it, or what it would do to the stock market. It would collapse. People would sell and pull out just to pay the taxes on their paper gains. And it really gets to the whole idea of what is income. If you haven’t sold something, then you haven’t realized any income.

Now think about what this would do to farmers. You plant seeds in the field, and they have a certain value on day one. But then 120 days later, you might have a full field of corn, let’s say that corn has value even though you haven’t harvested the corn that has value, you’re going to have to pay the IRS taxes on the corn that you haven’t even harvested or sold yet because the corn has gained value on paper, see?

Or imagine if you’re a homebuilder. You build homes for profit, you invest a bunch of money, you hire a bunch of contractors, occasionally they show up and do what they say they’re going to do. Mostly they don’t. But eventually, you get the house built. And you haven’t sold it yet. But you’ve already dumped all this cash into the system. You’re barely scraping by because of the cashflow demands of your business as a home builder, right? Well, what if the IRS comes along and says hey, that’s a nice home you got there that’s worth a lot of money. Thanks for building it. You got to pay us all the gain on that house even before you sell it. If you’re a homebuilder, you’re already at perhaps minus $500,000 cash flow, just for building the thing. And now the IRS wants you to come up with another, you know, $200k or something to pay them. How are you going to do that? Well, you can’t. It’s impossible. You’ll go bankrupt. The entire US economy will collapse if the supreme court rules in favor of this.

But understand this is exactly what What Democrats want? They want the ability to tax every American into poverty. Only then can they achieve equality. Remember, equality doesn’t mean equally rich. It means equally poor. And that’s how they want to achieve it. Just take everybody’s money until we’re all the same. We’re all homeless, on the streets, starving to death, eating out of trash cans, and soup kitchens. Oh, finally, equality has been achieved, justice has been served. And just to top it off with more insanity, what will they do with all those homes that are confiscated from all the American people who can no longer afford to pay the taxes on those homes? Oh, don’t worry, the government will buy them and then they’ll give them to the illegals. The new occupiers of America, the replacement crew, they’re coming in to take your country, and they’re gonna take your home, take your property, and you will own nothing. That’s the plan. And now you see the mechanism by which this can happen.

This broadcast continues in audio form once the episode is posted at: https://www.brighteon.com/channels/hrreport

###

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RELATED:

The EXACT Plan To Kill The U.S. Dollar Now REVEALED

We’ve been one of the FIRST news outlets on this story….

Credit to our friend Bo Polny who first started telling us the U.S. Dollar was in serious trouble a couple years ago…

At the time, it seems inconceivable that the U.S. Dollar would ever be anything other than the world reserve currency.

Now it’s very obvious and we appear to be in the end-stages.

I want you to listen to this short clip from a very smart man, Miles Franklin CEO Andy Schectman.

He explains the very simple roadmap for how you dethrone the U.S. Dollar:

– Weaponize the dollar – Incentive oil producers to dump the dollar – Cause an inflationary crisis at home – Banks collapse – Tell everyone they will be made whole if they sign up for the CBDC

Watch the clip here and tell me if this sounds like EXACTLY what we’re watching play out before our very eyes.

Pretty incredible when you hear him connect all the dots.

Watch here:

Then the big question comes next…

They’re not dethroning the U.S. Dollar because they’re bored.

They’re doing it because they have something ready to take its place and they need to make room for it.

I believe Gold and Silver are going to play a BIG role in the new system.

I believe they conditioned the public over the last 40 years to not buy Gold and Silver.

They taught you to avoid them.

They plunged the prices.

And yet….what were the big players doing all along?

BUYING.

Keep reading and I’ll connect a bunch of dots for you!

We are fast approaching a Bretton Woods 3.0 moment on the world stage.

These come along about once every 100 years and the people who are positioned on the right side of history always scoop up generational wealth.

It’s an incredible time to be alive.

Read this:

Gold and Silver: “No one wants to sell at these make believe prices”

I’ve been telling you for a long time now that Gold and Silver are vastly undervalued.

I’m not a financial advisor and I can’t tell you what to do, but I can look at historical data and I can easily see that the current price of Gold and Silver makes no sense unless….it’s being manipulated.

Now who would want to do that?

And the more important question: will it go on forever, or do the manipulators eventually release the stretched rubber band and ride an explosion up?

I’ve you’ve been paying attention in life, you know the answer.

You know these crooks on Wall Street manipulate things down, ⭐️ then they load their boats, then they manipulate them up into a bubble.

Where are we in that process right now for commodities like Gold and Silver?

Right exactly where I placed that star up above.

⭐️ = You Are Here

The Big Boys are loading their boats.

But that’s not just my opinion.

I’m a nobody.

Listen to Andy Schectman who is an expert on these things and he lays it out PERFECTLY in two minutes.

Here’s my rough paraphrase:

“A concerted effort by the very powerful to use the suppression of commodities (gold, silver, but also a long list of all other commodities)…these countries are not complaining about suppressed low prices yet because they’re accumulating!  But once it becomes obvious that the availability of these commodities is very scarce and no one wants to sell at these “make believe prices” then the public says “OMG, what have we been missing?”  And maybe that all happens in concert with a breakdown of the banking system, then the public says “give it to me now” and that’s when you’ll see the circuit breakers be put into affect.  But at that point it’s too late.”

Oh my!

It’s so much better to listen to him explain it in his own words.

It’s just 2 minutes long.

Watch here (as presented by my friend the Digital Asset Investor):

Or if that doesn’t work, try this:

But it’s not just Andy either.

It’s this latest interview over at SGT Report.

Sean does such a great job over there of interviewing people on topics the MSM doesn’t want you to see, and his latest is called “$1,000 Silver — Seriously, Stop Laughing”.

There’s actually a lot of history that goes into that quote and this was a great discussion by four very smart individuals.

Watch here:

I’ve been sounding the alarm for a while now…

Have you taken action?

As always, there’s one thing I always say and it’s never been proven wrong:  Watch what they DO, not what they SAY.

Who is “they”?

The same people Andy Schectman was talking about.

Big Governments.

Central Banks all over the world.

Big Business.

What are they doing?

They are LOADING THEIR BOATS with as much Gold and Silver as they can find and they’re laughing all the way to the bank because they’re buying at what Andy says are “make believe prices”.

Are you?

After the Great Financial Crash of 2008, I made a decision.

From that point forward, I would simply do what the Big Boys were doing.

I would simply watch what they’re doing and copy it.

Oh, and if they had Jim Cramer telling people the OPPOSITE (i.e. Cramer says Gold is a loser, but the Central Banks are buying with both fists) that was usually the perfect confirmation I needed.

So that’s been my strategy since 2008 and it’s worked very well for me.

Here’s more….

Here’s Why Banks Are Buying Up All of the Gold

I’ve got Jordan Peterson and Peter Schiff in a fascinating conversation about the Value of Gold.

And it’s not just some academic debate.

This could very soon be one of the most important things in your world when the U.S. Dollar crashes and gets its value cut in half….or worse.

These guys know what they’re talking about and this short 8 minute clip is definitely worth your time to watch.

I always say this: don’t listen to what the “Elites” tell you….watch what they are DOING.

And what are they doing?

Stacking gold and silver.

As much as they can get their hands on.

Look, I hope I’m wrong but I think we’re in for a massive event that is going to destroy bank accounts and destroy the U.S. Dollar.

So what happens to YOU when that happens?

Watch this and then scroll down for how I can help you stay safe right now….

Watch:

For those who can’t listen, here’s the transcript (and then scroll down for what YOU can do right now!  That’s the most important thing!):

One of the reasons that people are so arrogant particularly in America that the dollar status is not in jeopardy and so that we can keep on running these huge deficits we can create keep on creating inflation and the world’s got no choice right but to stick with the dollar because are they going to go to the euro are they going to go to the Yen you know the pound

I mean they’re winning B I agree all of those currencies also have problems and so do you really want to switch from one flawed fiat currency to another even if those other Fiat currencies may be less flawed than the dollar right

do you really want to make that shift I don’t think that that’s what’s going to happen what everybody is missing is that there is an alternative to the dollar that doesn’t involve another fiat currency and that’s gold

that is real money everybody forgets that for thousands of years gold was money it was money because it worked now over the course of time uh we had paper currencies that would rise and fall I mean hundreds of years ago they were paper currencies that are now worthless and you don’t even know their names

you know they come and go but gold has has stayed you know gold works as money and so I think what these central banks are going to do is as they get out of dollars they will just increase their Holdings of gold gold will be the monetary anchor gold will be the reserve monetary asset just the way it was before the dollar it wasn’t the British pound

I mean the British pound was a dominant currency but gold was what everybody owned the British back to pounds do you see any do you see any evidence that some of these alternate currencies are starting to back their currency claims with gold oh yeah you can what’s happening on the central banks are now buying more gold than they’ve bought in in in decades

especially a lot of the uh you know the Emerging Market countries not even maybe so much the United States isn’t buying any gold and maybe you know some of the more mature uh countries but a lot of other countries that had predominantly held dollars and then to a lower degree Euros or Yen or pounds these countries are increasingly buying gold that’s why gold is at a record high

I mean Gold’s around two thousand dollars an ounce but in terms of just about every other currency on the planet gold has been hitting all-time record highs uh and again that’s not really gold going up that’s all these Fiat currencies going down but what are the reasons that countries would want gold as opposed to the dollar is the US government doesn’t have any control over it

you know gold is an asset that’s not also somebody else’s liability and nobody could create


,

 

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