A golden moment for liberty

It's not just on the world stage that mismanagement of our dubious fiat money system is getting attention. This is what happens when people arm themselves with knowledge. Nice to see citizens beating Uncle Sam at his own game!

“I’m telling you that I have never seen such a dejected group of people leave a courtroom in my life,” Joel Hansen said of DOJ and IRS officials. “They were shocked. Of course, we were pleased.
“The thing is, they had 161 counts and they did not get a guilty verdict on a single one. They got a big goose egg. We didn’t get not-guilty verdicts for everyone, but the government didn’t get anything.”

What prompted the feds to levy 161 criminal charges? The fact Hansen paid his employees in legal money... in other words, gold. Given the abuse of paper money, however, this has taxation implications:

In 1985, Ron Paul and other congressmen challenged our country’s currency system, which was monopolized by Federal Reserve Notes (FRNs) — the familiar greenbacks in American wallets. The congressmen successfully pursued the Gold Bullion Coin Act, which required the U.S. government to mint and place gold coins in denominations of $50, $25, $10 and $5 into circulation based on demand. The coins are made of 91.67 percent pure gold.

The ultimate purpose of the act was to allow Americans to invest in gold. However, it also brought sanity back to this country’s monetary system by establishing a dual system. Instead of the Federal Reserve solely providing the money supply by endlessly printing FRNs, the U.S. government now minted and circulated precious metal coins.

In the mid-’90s, Kahre began exercising this alternate system. He compensated workers for their labor in the form of these gold and silver coins versus FRNs. The workers calculated their income and tax liability based on the face value of the coins. One gold coin with a face value of $50 currently equals $806 in FRNs. ((actually, that figure's over $900 now and rising -- Jemison)) If a worker earns a $50 gold coin each week, that person takes home an annual income of $2,600 based on the precious metal system, which is below the income-tax reporting threshold for an employee. However, the value of the coins in FRNs — $41,912 — is not. That’s the basic idea.

The IRS did not fancy Kahre’s gold-and-silver payroll system, and after seven years of operating his family businesses in this fashion, he and eight others found themselves as defendants in a Las Vegas federal courtroom.

Read the whole story. The fraud perpetrated by our paper money supply has been exposed for all who are willing to see. Expect those who benefit from this fraud to find increasingly creative ways to try to cut off escape routes for those who are paying enough attention to avoid ruination.

(HT: Thanks, Ken! Made my week!)