Topic: Legal Tender

Dr. Kirk Elliott reports on Nebraska's new law eliminating state income taxes on gold and silver sales. He also mentions a federal bill proposed by Representative Alex Mooney to make precious metal transactions tax-free. The segment lists several states, including Kansas, Florida, and Oklahoma, that are moving toward recognizing gold and silver as legal tender to bypass central bank digital currencies.

Dr. Elliott highlights a new Nebraska law that eliminates state income tax on gold and silver sales. He also discusses federal legislation proposed by Representative Alex Mooney to make gold and silver transactions tax-free. They list several other states, including Kansas, Arizona, and Oklahoma, that are moving toward recognizing precious metals as legal tender to bypass federal overreach.

In response to federal digital currency plans, states like Texas and Oklahoma are exploring state-chartered banks backed by gold. Several states, including Utah and Wyoming, have already passed legislation making gold and silver legal tender. This movement is described as a return to the "Federalist" system envisioned by the Founding Fathers to protect citizens from central bank monopolies.

Comparing Bitcoin's current state to the internet in 1997, Keiser predicts a jump to 3 billion users and a price target of $400,000 to $500,000. He cites El Salvador's adoption of Bitcoin as legal tender and similar legislative moves in Paraguay and six other Latin American countries. This shift allows nations to outsource their monetary policy to an uncorruptible third party, bypassing the political theater of the Federal Reserve.