Guest Post: I Wish the Big Reset Would Get Here & Be Done With it!

big resetMy attitude about buying metals was all wrong back in 2010 when I started. Then, it was an investment, rejoicing all the way up to $50 silver, keeping a detailed spreadsheet of all holdings, sorted by coin, bar or sterling with purity percentages built into the spreadsheet all multiplied against the spot price updated several time per day. I knew to the penny how much fiat I had earned with my investments in metals.
Yes, my thinking was wrong, very wrong. If I simply want to invest and make fiat, why not trade options in the wake of the FEDs bubble pumping? One could have made a bunch of fiat on the POMO days and I hope many of you did.
No, the metals investing has to be understood as long term wealth preservation, placing our treasure in wise foresight of future provision for those we love. For my entire life I have been taught that dollars were money. Nobody in my family really understood the ramifications of the ending of Bretton Woods, even though the 1965 quarters were notably different than those from 1964.  But my parents didn’t teach me (they didn’t and still don’t understand) and deep down my belief in paper has persisted to this day. It is dam* hard to shake. I suppose that is why I don’t carry cash and keep a silver coin on my desk at all times. The retraining of my mind with regard to real money has been difficult and not altogether successful.
I am angry about metals manipulation, fearful of life in an apocalyptic world, exasperated at relatives who won’t read the news and who think I am a conspiracy theorist, and wishing the big reset would get here and be done with it.

 

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By Dr. Jerome, TFMetals Report:

Emotion management & Prepper Hedging

I am not a great trader or a gifted entrepreneur. My contributions to this site ought to come from my scholarly expertise in speech and media analysis, but most of you see right through the bullshit of our leaders and the biased reporting of the media. So I’d like to offer a creative problem-solving side of my world. I work through new ideas by writing and through dialog with others. So I hope this post, and future ones, can begin fruitful dialog that helps new members get a firm grasp on our times and provides hungry ears to listen as our experienced members share their wisdom, experience, and practical knowledge. After all, we are preparing for the end of the Keynesian experiment and a transition into a new world. The stakes are as high as they get.

Well I felt pretty lousy the morning after the Monday night smackdown while reviewing the evidence on the Tuesday morning chart. I am not sure why this one hurt more than the others. Friday’s smackdown was disappointing, but not as painful. On some days like this, I feel lousy all day and lose energy for doing anything beyond the minimum to keep my job. But on that day I figured I better stay engaged with the site here a bit, keep watching the charts, and learn to not be emotional about all this crap. My broker even told me Friday “Unless you’re trading futures, you don’t want to watch each $15 move so close. You’ll stress yourself out over nothing.” Another wise man once said “For where your treasure is, there your heart will be also.” While we are all familiar withteh spiritual interpretation, the concept runs through all areas of our lives. My treasure has to be in the future of my family, not my fiat. I have to keep the larger perspective on stacking and prepping as my treasure, not in my little trading account.

My attitude about buying metals was all wrong back in 2010 when I started. Then, it was an investment, rejoicing all the way up to $50 silver, keeping a detailed spreadsheet of all holdings, sorted by coin, bar or sterling with purity percentages built into the spreadsheet all multiplied against the spot price updated several time per day. I knew to the penny how much fiat I had earned with my investments in metals. My wife and I (Praise be to God that she thinks like I do) spent our Saturdays perusing the antique malls, looking for jewelry or sterling. She indulged my purchases of old coins from the local dealer and we built a decent sized stack over a two year period in which metals were smashed from their highs to the lows.

Yes, my thinking was wrong, very wrong. If I simply want to invest and make fiat, why not trade options in the wake of the FEDs bubble pumping. One could have made a bunch of fiat on the POMO days and I hope many of you did.

No, the metals investing has to be understood as long term wealth preservation, placing our treasure in wise foresight of future provision for those we love. For my entire life I have been taught that dollars were money. Nobody in my family really understood the ramifications of the ending of Bretton Woods, even though the 1965 quarters were notably different than those from 1964. But my parents didn’t teach me (they didn’t and still don’t understand) and deep down my belief in paper has persisted to this day. It is damn hard to shake. I suppose that is why I don’t carry cash and keep a silver coin on my professor’s desk at all times. The retraining of my mind with regard to real money has been difficult and not altogether successful.

My rational and emotional self must be re-connected to metals and other commodities as true wealth. Abraham measured his wealth in goats, sheep, and servants. I always thought that was odd and figured they didn’t have money then. But they were quite a bit closer to a gold standard than we are today. Livestock equals food & clothing, servants equal stored labor.

I am angry about metals manipulation, fearful of life in an apocalyptic world, exasperated at relatives who won’t read the news and who think I am a conspiracy theorist, and wishing the big reset would get here and be done with it. So I have to address anger and fear, find a healthy place to live my life. I think we found it.
We have committed ourselves to hedging. We are seeking that life where we enjoy each day, push fear aside, and have a hope for the future. Knowing that the future itself is not offering much security, we are pouring our labor and what modest investments we can into projects that benefit us here and now as well as prepare us for a tough economic future.

  • Solar Electric system: Our $1600 investment in parts and knowledge will hopefully trim the electric bill in half and train us into better energy use habits. (in progress)
  • Solar Water heating: More energy savings and learning to be a plumber. (planning stages)
     

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  • Greenhouse, aquaponics, fish farm and gardening. The benefits are too many to list. We’ll save on the food bill and feel good about what we eat. (in progress)
  • Chickens & Rabbits. We’re planning a seed sprouting system to feed them and keep a few of each in back yard pens. I am still squeamish about butchering them. Hunger should get me past that. (planning stage)
     
  • We are continuing to invest in real estate—perhaps foolishly some would say. But there are places where homes are cheap, very cheap, and people still have jobs and can pay the increasing rents in the market. We just located a duplex for 28K in a small town that has survived the recession quite well. We currently own eight rentals that help us stack and prep. I suspect we can keep these rented as things decline. We buy with cash, renovate, then refinance to get our nest egg back out and look for another. The banks have the risk. We skim the profits, sharing with a manager.
  • Half-way bug out location: Owned by a family trust with no bank liens. We cannot afford an underground bunker on 40 wooded acres with a two year food supply. But I can afford a small home in a small town with water on a large fenced lot. I can plant fruit trees there. Then I can rent out the home to pay for itself until I need it. (in progress)
  • Serious bug out location: A simple hunting & fishing cabin! Owned by a family trust with no bank liens. More remote. Not underground. Some acreage next to a national forest with water. Land is reasonable and I am studying how to build a septic system. One can build something like this cheaply, or hire the work done and not really draw attention to yourself. Add in solar power, a well, animal pens, a greenhouse and the future looks promising. We will simply enjoy working on the place and getting away for weekends. (still a dream)
  • I am very tempted to purchase a small backhoe and learn to operate and maintain it.

If this economy continues to hang on for several more years, We are determined to enjoy life and not spend our days watching for black swans. We are determined to prosper, not simply survive. And if it all collapses in a day or with a continued slow decline, We’ll be as ready as we can be No regrets! Frankly, We foresee a long slow decline with increasing government oppression. If the world monetary system resets to a partial gold standard, we foresee continued decline and increasing 3rd world living standards for all.

Our relatives, concerned that we have lost our minds, accept all these activities as economic, green, entrepreneurial, etc. We will profit and enjoy getting away to the hinterlands on weekends while we are prepping in multiple ways to live in a new economy, to be self-sufficient if needed, and still maintain a civilized life.
As for the friends and relatives who ridicule us, we’ll continue to promote metals as an investment and praise the benefits of small town life. We’ll try to explain the risk of MyRA, bail-ins, paper investments and bank failures. We’ll encourage them to keep a stock of food and key items because Walmart shelves go bare when the power goes out.

All these prep items are true commodities and must be counted as true wealth. But they also help us to prosper and enjoy life now. True prepper hedging! Food, energy, land, housing, knowledge of trades, add up to peace of mind. Then we can handle the daily gyrations of the markets and bear the blatant manipulation of criminals without getting overly worked up. Our finances and efforts are protecting our family against the disaster and give us the motivation to keep working each day until we are forced into this long-expected change.

DrJ

 

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Comments

  1. Bit off the subject of the article above, but important in it’s own right is the recent action in Oklahoma.  The Oklahoma Senate passed a bill seeking to view AGE’s and ASE’s, junk, and pre 1933 gold as spendable money.  It’s not law yet, but here is another State pushing Constitutional money.  What this means to stackers is that when these measures do become the law of the land your gains in these forms of gold and silver will not be taxable because money is not taxable.  Something to think about when you buy.
     
    http://intellihub.com/oklahoma-senate-passes-bill-authorize-gold-silver-legal-tender-37-4/

    • Dr J,
      Your post is well written and presented, reflecting the ambition and sentiments of most whom have ie: traversed the 5 stages of awareness presented by Chris Duane in his Greatest Truth Never Told and SBSS Series. There are of course many sources of critical knowledge and awareness of the world we live in today. Reducing one’s dependence on the current paradigm and ‘walking away’ to the extent that is possible in the manner and methods you describe is an extension of empowering yourself to positive action vs. becoming a prisoner in the paradigm of fear and debt.
      The world may devolve into a scenario where all your material efforts will be taken or stolen from you; but the knowledge and skills you aquire in the journey are fully portable and may prove priceless to your life and safety if such a world actually transpires.
      I think the dark ages are worth study, as most peaceful, reasonable, rational folks were killed off as their productive assets were pillaged and squandered. I hope we will not revisit those times, but that is the current path we are on.

    • Good point, @UglyDog.  There are a number of states that either have or are in the process of treating constitutional money as MONEY and not as a “collectible”.  Not sure if this affects the Fed Gov tax on gold and silver coin profits or not… probably not.  But it IS a good start in the right direction.  Some states now have a sales tax on gold and silver coins, so a law like this end that kind of theft.  I live in a state with a sales tax but no income tax, but even here gold and silver coins are not taxed at the point of sale.  This is not the case in every state, so these laws can do some real good for stackers.
       

    • Yeah Ed, I’m referring a capital gains tax liability when you sell for a “profit”.  The way I see this shaking out is that U.S. issued gold and silver coin will at some point, by law, become spendable money.  This will be huge because that means no capital gains tax.  Sell your generic rounds and you’ll probably be hit with a windfall profits tax I expect.  Use your U.S. issued gold/silver coin to make a purchase and there will be no capital gains tax.  An enormous difference difference in the ultimate purchasing power of your stack of phyzz.
       
      Think about it.  TPTB need to come out of this on the other side, too.  That’s why there is no tax reporting requirement when you sell AGE’s and ASE’s.  They are meant to remain private so TPTB can preserve their wealth.  Sell 10 Krugarrands  to your LCS and they’ll be reporting the sale to the IRS.  Sell 10 AGE’s and no report goes to the IRS.

  2. Wow, I really like the way this man writes and the message he conveys  
    Craig/TF Metal’s site is blessed to have him.
     Pining for the Fyirds–fyords—Fords—Meh —is taking a sabbatical
    Sorry, but I can’t bring myself to call a good guy, TF/Craig by the same name as my favorite sandwich.

    • @AGXIIK
      My only problem with this article and many others lately on many PM’s sites and Alt News is that people keep calling the coming so called paradigm shift a RESET … it is a RESTRUCTURE, all peasant debt will remain, and in fact Gold and probably Silver (and maybe even other solid assets) will be force-ably confiscated from the Peasants in order to keep DC and New York in business; we lose even more true Capital in order to bailout Casino Gamblers … why this is called a RESET when it is just 1913, FDR and 2008 all over again is beyond me as it is simply more of the same.
       
      The only way a true RESET (or JUBILEE is probably a better term) would happen is if Yellowstone blew its load and DC, NYC, Cali, Chicago etc… even Brussells, Berlin, London, Beijing etc (5yr Winter in Northern Hemisphere) crippled the machinery of these Governments and FORCED an emancipation of world peasantry (the ones who don’t starve to death of course)! Only God can provide a RESET, everything else will be a Fascist Restructure, where WE THE PEOPLE pay for the privilege of keeping the Federal Behemoth Pigs Trough over filling with slop, and keep New York Bankers earning more for a toxic spreadsheet than the Median Annual Wage in the US x10.

  3. Those who are chomping at the bit to see this house of cards come crashing down need to be careful what they are wishing for.
    Oh – and if you believe this is going to happen soon, then be sure to get all that dental work done that you’ve been putting off.

    • @Mammoth,
      LOL, funny you mentioned the dental.  I got that one checked off my list.  5 dental implants done in Thailand!!!

    • Right on.  Got most of it done.  Looking at the last item of having a tooth pulled and a bridge made.  Can’t get an implant like Hromano.

    • ,,,be careful what they are wishing for.
      Right you are. Think about how many times you go to the dentist, doctor, get prescriptions, or go to the grocery store or gas station, and then imagine not being able to do those things, PLUS having roaming hungry people and/or bad actors casing your dwelling, or worse. Once you look into the abyss, you had better make your peace with God…this ain’t gonna be like some bad movie you can just turn off.

  4. This message is right on. I,m working with limited resources, but the plan is working. Were working daily at self dependancy. And were using worthless fiet currency to own real tangable assets. So let them play their printing game! I’m playing offense in this game. I knowin the end, I will win with assets. That paper will be worthless one day. Let the games begin!

  5. I love the message in this article.  It’s well written and understandable.  Message received!  Why just survive when you can THRIVE?!
     
    I also like the holistic approach to all this with multiple strategy layers carefully woven together.  THIS is the kind of plan that will work for practically any imaginable SHTF scenario.  I like this a lot.  I think that some of us who are into prepping are prepping for something that is very specific, which may or may not happen, and that we might just be better off to be generally prepared.  Flexibility is good and whatever comes our way we will need to adapt if we are to respond to it effectively.
     

  6. I fully agree with this article, and with Ed_B comment.
    Althought my prepping is not as much in progress than with this guy, my philosophy is by many ways the same. We can’t prepare for everything, and due to time & money limitations, so first focus to the most importants things, to the things that take a long time to prepare.
    I always think flexibilty, use the less time and money for the maximum possible use if SHTF, including re-use if not SHTF but nedded.

  7. Boils down to the fact that the USA is on unstable footing with a collapsing economy, a president who thinks he can ignore the constitution, and a debt that can never be repaid.
     
    Those who don’t prepare will be the first to die, simple as that.

  8. Well, I’ve got NEWS for Everyone! 
    All this is great advice, but DO NOT Fall into the trap of “wishing for the big reset to get going”. 
    While it might happen Tomorrow, it might not happen (the way we expect) for for many many years… 
    I’m going crazy thinking it will be tomorrow, and apparently the writer is also. One of my sayings is 
    “Prepare for the Worst, but Hope for the Best” and in this exact case, that translates to 
    “Be ready for anything, but LIVE LIFE in the meantime!!!”  …and realize this, every day is a 
    BLESSING with which we can prepare more, stack more, and enjoy our families.
     
    So do not fall into the traps that so often beset us. I know we are right, but this is no way to live, if it is in fear.
     

  9. Ditto that RGR.  Be careful what you wish for.  Global reset will be UGLY.  And I’m an expert on ugly as owners look like their dog.

  10. They posted your pic as well… ?

    • steve buscemi can eat corn on the cob through a picket fence.

    • LMAO! 
      I labeled that pic “Rock Hound and Elwood”  
       
      Good One, Jake

    • Haha … corn through a picket fence … nice one.
      I will add that to my arsenal of quips to piss off any Feds I ever need to speak to through the security door :)
      I’m sure to be tazed one day, I’ll be screaming something about the Constitution as I gurgle on my own vomit and become another tazer ‘statistic’ … LOL. Best to go down with a good insult though, George Washington would be proud!

    • Who would guess that Steve Buscemi was the NRA hater that he is?!

  11. ” My attitude about buying metals was all wrong back in 2010 when I started. Then, it was an investment, rejoicing all the way up to $50 silver, keeping a detailed spreadsheet of all holdings, sorted by coin, bar ”
     
    Wow that sums up my thought process when I began stacking in 2010.

  12. Highly readable and excellent advice to boot. I’m wishing him maximum success in dispelling his old ‘ghosts’. Somehow, though, by the tone of his determination, I believe he’ll get across that goal line too. The coin on the desk is a good ‘quiet’ reminder.

  13. LIFE {kingdom of heaven} being GODS house or our souls is not of “gain” or as something we will acquire by works , simply because what The Father has so has The SON,  and we are all sons of GOD, this is symbolised as mankind/trees in GOD/garden, the garden of Eden being GOD and the fruit bearing  trees being the LIFE/SOUL of this garden
     
    The tree in the midst of this garden bearing fruit of both good&evil within it, is the means we come to learn that you are , we are, I AM
    The eating of this fruit is symbolic of a dividing of Truth  by our perception perceived with our five senses that which is outside of this garden or The ONE { singular} True GOD,  Adam and Eve or mankind eating from this fruit are in a wilderness/field and like carnal minded  beasts are ruled by their perception/five senses and therefore seek a god outside of the truth {of which we are}, and by doing this we have made GOD into an idol of our hearts, all religion including Christianity have their idols .
    All glory to GOD simply means that GOD does not share His glory with another, this other that is not, nor has ever bean.

    We as GODS children in this age are now being given eyes to see and ears to hear, Truth is now being revealed to us in a myriad of different ways and yet all of the one same repeating paten, be it unique to every soul.       
    My friends, we as silver are being refined and like gold are being tested in GODS refinery {lake of fire} and when the dross/mark of the beast having accomplished its end is removed we will have the seal/law of LOVE within the very fabric of our being.         
    1 Corinthians 13:4-8                    
    Love is patient and kind; love does not envy or boast; it is not arrogant or rude. It does not insist on its own way; it is not irritable or resentful; it does not rejoice at wrongdoing, but rejoices with the truth. Love bears all things, believes all things, hopes all things, endures all things. Love never ends. As for prophecies, they will pass away; as for tongues, they will cease; as for knowledge, it will pass away
     
     
            
     
     
        
      
      
     
     
     
        

    • >>>and when the dross/mark of the beast having accomplished its end is removed we will have the seal/law of LOVE within the very fabric of our being.
      Actually all those that take the Mark are damned. If you accept the Mark then you give your body and soul as property to the Lord of this World, and thus the I AM will not intercede for you against damnation.
      Best refuse to start with, because you can’t hide your betrayal from the Big Man.

    • The mark of the beast is a carnal mind of this world, not to have this mark/seal is to not eat from the tree of knowledge or simply, to keep the first commandment { Gen 2:17 thou shall not eat} Those in this age who keep this commandment being the elect/first fruits and preordained/chosen before the beginning, lest they should boast { Christ being the waver sheaf of GODS three stage salvation plan of ALL men} have the testimony of Christ, I AM , The fall harvest where the great majority  will learn righteousness by coming to the knowledge of truth { Christ being this Truth}  can be found through out the scriptures in the same repeating paten of the one same narrative
      To keep ones eye single, is to have the seal of GOD  

  14. Willnotbeaslave
    I agree with you on the misapplication of the word RESET.  When it comes to something referred to as reset they are actually referring to RESTRUCTURE  It’s a bit like using the word ‘lightening’ when referring to ‘lightening bug’  It sounds a bit similar and without careful analysis  people might confuse the two   Another one is the use of the word ‘money’ for ‘currency’  Big difference there as Pat Fields so astutely notes
    In my world of banking, credit and finance, if someone came to me asking for a RESET to their loan, I would have looked at them and said   Huh?  What is that?  We don’t have a reset button.  
    They’d explain that they could not afford to pay the loan.
    The least we might do is give them a short period of loan payment abeyance, either in principal, interest or both. Those payments would accured to principal when that short period expired and hopefully they got past their rough patch. However, most of the time we’d evaluate the sitution and see that restructure in any form would not save the client.
    We then went to the mattresses to protect the bank’s interest in the business. That was the last you saw of the company. We would restructure the debt into forclosure, asset forfeiture and disposal. In my opinion, at the rate things are going, and with the government approved systemization of asset seizure, the largest banks will be like Skynet of the first Terminator movie. Using a few remaining humans to work the disposal units, going day and night to remove the population, Skynet’s plans was liquidation of the human population, replaced by machines. That sort of thinking gives me the willies. Some people are completely capable of that. Banksters have had a free hand in exercising complete asset takeover to protect their interests. The next steps would an easy shift of mission creep to include the disposal of the human element.
    Restructure is what I see every day.  Many clients, both formerly wealthy and not so wealthy, totalling at least 50% of my client base today, have had a RESTRUCTURE of debt in the past. Usually this is due to imprudent investments in real estate or businesses.  Rest assured they never got a RESET.  They got their asses kicked, lost assets easily equal to the loan and often ended up with the debt stillmon their books, a low FICO score and less assets that might have facilitated the payment of the debt at some time in the future. They found themselves in an invisible debt prison with glass like bars. Some of the sad tales are those of borrowers who thought it a was good idea to come to the lender and ask for a RESET. What they got was an immediate reversion to the Classified Loan department. That was situation akin to the 4th level of Dante’s hell
     Student loans are one of the deadly THREE that plague people today  These debts are not dischargeable in bankruptcy   The other two are government obligations like tax debts and government home and business loans
    Almost of the big 3 are loans or liens directly from the government.  Our benevolent Uncle Sam never forgives and never forgets.  RESET from Uncle Sam is never going to happen so long as our present form of government remains in place
    That’s the reason there is a great demand for new debtor prison. This gulag state needs more bodies and rest assured, there are moves afoot to make criminals of those with even modest obligations. Whether the debtor is current or not, I expect the government will start down the road of Debtor Precrime. It’s done in banking. If a borrower gets beyond a certain loan to value or debt coverage ratio, they are automatically sent to the Classified loan department.
    If Uncle Sam determiines a person is guilty of Debtor Precrime it would not surprise me a for a second to see the heavy boot of the Gestapo come down on their neck.
    This is why the IRS is being tasked to handle the financial end of Obamacare. Of all the Federal agencies, this one has nearly every sintilla of data on our finances including assets, debts, cash flow and retirement plans. The east German Stasi could not have thought up a better plan. But then the IRS is just another evolution of Nazism and Marxism as the collection agent for the state

     The prison population is roughly 1,800,000 in this country, mostly people of color.  In my estimation we did not get rid of slavery. It was transmogrified by the government through carefully applied largesse, creating a vast population of welfare moms and other classes, who then found themselves unable to care for their kids. We are into the fourth generation of this Plantation plan. I worked for the Urban League. This was a main topic of conversation: How do people of color stop the establishment of the New Federal Plantation? that discussion was held 35 years ago. To them it was a clear and present danger. They could see it as clearly as we would be able to see a goon squad breaking down our doors.
     These families found themselves at the bottom of a slippery slope. Their kids and grandchildren are the primary occupants of our for-profit prison corporations. It is no accident that 30-50% of young black males have a jail record. Living while black in this country is dangerous to one’s health.
    Enough of these dings on a man’s record and their chances of getting a good job is nil. Their chances of being a participant of the New Age Gulag System is very high. While I have no exact stats on it, there is a claim that presently the US has more people in jails and prisons than Stalin imprisoned in his slave system
    Of course we have an entire country awash in debt so large it will never be restructure. The government is bankrupt and in debt up to its eyeballs but we are going to be seen as responsible for this accumulation of debt. Someone is going to want payback.

    From the day forward banksters can take over our lives if we end up with excess debt. Kids today are born into debt. The government/bankster paradigm will soon be the overarching means to restructure a person’s life should the need arise to do so.  We might see a reset but not before the people of this country sees their wealth, what little of it they still hold, restructured and reverted to the government by indirect wealth extraction via taxes and direct extraction through asset seizure, the latter being the more favored response when the government needs the money. See Cyprus on that score.
    With the near death losses of Unicredit, Jim Willie suggested in an email to me yesterday that Draghi will just create another $3-5 trillion in toxic paper to cover the derivatives mess this bank will create. I am more inclined to see the wealth tax be used or a massive bail-in of most of the Italian population. Now that’s a restructure—on the backs of the common man. When banks need a restructure it will not be the bank forced to pay up. It will be the people foolish enough to be near the bank when the Gestapo comes calling and breaking down their doors. The Italians are a restive people. Italy has some 2,400 tons of gold. This will get interesting.

    The government will ratchet up their goon squads far beyond anything the banksters ever dream of.  I have heard some TBTF bank their own security police; small armies.  These people could be retasked to the job of smash and grab when things get really bad.  The the fusion of banksters and governments will be complete.The Corporate Fascist Corrupto Criminal empire will become fully evolved.
    Keep stacking and hold onto your pantaloons.
     

  15. The author tells us that his bug out property is “Owned by a family trust with no bank liens.”  I’d like to hear the thoughts of anyone here about the risks of having a bank mortgage on a property.  Some people think that soon coming inflation will reward those with debts and real assets, but with the increasing desperation and lawlessness maybe the government could raise property tax so high that we could lose it after failing to pay the tax?  Would it be much safer to have a mortgage with a smaller local bank or credit union?  

    • TMAN … “government could raise property tax so high that we could lose it after failing to pay the tax? Would it be much safer to have a mortgage with a smaller local bank or credit union?”

      A Principal Money Mortgage is the entire Lawful nexus for ‘Property Tax”. The aspect of ‘Property’ (defined as right and obligation embodied in possessions) assessed, is use of government’s credit for acquisition and possession of lands and structures (or cars, or anything else possessed through borrowed credit). By Lawfully extinguishing the Note, which expires the Mortgage, no grounds for … involuntary … taxation lay any further.

      I’ve shown in various threads here on the forum, that all ‘drafts for money’ are ‘securities of the United States’ per 18 USC, Sec. 8: Definitions. That means all financial institutions are agents of the US Treasury for ‘approving’ and managing borrowing and payment of Treasury credit.

      As long as Note and Mortgage exist … yes … government can tax possessions away from you and it makes no difference the size or character of appearance projected by the financial agency.

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