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State to Repeal Sales Tax on Gold, Silver Bullion

The West Virginia legislature has approved a bill that would take an important first step towards treating gold and silver like money instead of a commodity by repealing sales and use taxes on bullion.

Sen. Craig Blair (R-Martinsburg) sponsored Senate Bill 502 (SB502). The proposed law defines “investment metal bullion” as “elementary precious metal which has been put through a process of smelting or refining, including gold, silver, platinum, and palladium, and which is in such a state or condition that its value depends upon its content and not its form.” It defines investment coins to include numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium, or other metal and of the United States or any foreign nation with a fair market value greater than any nominal value of such coins.

The West Virginia Senate passed SB502 by a vote of 33-0. The House concurred by a 90-9 vote. If Gov. Jim Justice signs the bill, it will go into effect July 1.

Enactment of this law would eliminate a barrier to investing in gold and silver and enable West Virginians to better protect themselves from the inflationary practices of the Federal Reserve.

Several other states are considering legislation to repeal taxes on gold and silver, including Arkansas, Tennessee, Oklahoma and Kansas.


Gerald Celente reveals what’s ahead as the Federal Reserve is crashing the debt & real estate bubble it created worldwide.

In Practice

Fundamentally,  gold and silver are money. But most governments treat precious metals as a commodity. They don’t accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy.

Imagine if you asked a grocery clerk to break a $5 bill and he charged you a 35 cent tax. Silly, right? After all, you were only exchanging one form of money for another. But that’s essentially what West Virginia’s sales tax on gold and silver bullion does. By removing the sales tax on the exchange of gold and silver, West Virginia would treat specie as money instead of a commodity. This represents a small step toward reestablishing gold and silver as legal tender and breaking down the Fed’s monopoly on money.

Former Congressman Ron Paul testified during in support of a bill to eliminate capital gains taxes on gold and silver that passed in Arizona in 2017.

“We ought not to tax money – and that’s a good idea. It makes no sense to tax money.”

Paul has been a vocal supporter of this movement. He produced a video urging the Wyoming governor to sign a 2018 bill that repealed all taxes on gold and silver. He noted that things move agonizingly slow in Washington D.C. Passing bills like this at the state level are an important step toward real monetary reform.

“It’s just to me sad that we are so far removed from the Constitution. But a little bit here and a little bit there, there is going to be a revolution in monetary policy.”

Paul emphasized that monetary reform is an important step toward reducing the power of the federal government.

“Believe me, the size and scope and interference of government would change a whole lot if we could rein in the monetary system, rein in the Federal Reserve and rein in this spending.”

Practically speaking, eliminating taxes on the sale of gold and silver would crack open the door for people to begin using specie in regular business transactions. This would mark an important small step toward currency competition. If sound money gains a foothold in the marketplace against Federal Reserve notes, the people will be able to choose the time-tested stability of gold and silver over the central bank’s rapidly-depreciating paper currency.

(Photo by Eric Golub / Flickr)

Background Information

The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” States have simply ignored this constitutional provision for years. It’s impossible for a state to return to a constitutional sound money system when it taxes gold and silver as a commodity.

SB502 tales a step toward establishing gold and silver as legal tender in the state and that constitutional requirement, ignored for decades in every state. This sets the stage to undermine the monopoly of the Federal Reserve by introducing competition into the monetary system.

Constitutional tender expert Professor William Greene said when people in multiple states actually start using gold and silver instead of Federal Reserve Notes, it could create a “reverse Gresham’s effect,” drive out bad money, effectively nullify the Federal Reserve, and end the federal government’s monopoly on money.

“Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a “reverse Gresham’s Law” effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes). As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions.”

Once things get to that point, Federal Reserve notes would become largely unwanted and irrelevant for ordinary people. Nullifying the Fed on a state by state level is what will get us there.


Stewart Rhodes joins Matt Bracken & Alex to break down why patriots must be aware of false smears and remember their personal values.

Source: InfoWars

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Serbia anti-government protesters surround state TV building

Several thousand people have surrounded Serbia's state TV building during anti-government protests requesting more media freedom in the Balkan country.

The crowd booed and jeered for one hour Saturday outside the TV building in central Belgrade to express their discontent with what they say is the station's biased reporting.

The demonstrations in Serbia have lasted for three months, urging more democracy in the Balkan country that is firmly under control of the populist leader President Aleksandar Vucic.

The protests started last December after assailants beat up an opposition politician. Opponents have accused Vucic's government of fostering hate speech and divisions while curbing democratic freedoms.

Vucic has denied the accusations. He is a former extreme nationalist who now says he wants to lead Serbia into the European Union.

Source: Fox News World

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Ex-finance minister Kudrin says detention of top U.S. investor is ’emergency’ for Russian economy

Founder of the Baring Vostok private equity group Calvey attends a court hearing in Moscow
FILE PHOTO: Founder of the Baring Vostok private equity group Michael Calvey, who was detained on suspicion of fraud, sits inside a defendants' cage as he attends a court hearing in Moscow, Russia February 15, 2019. REUTERS/Tatyana Makeyeva

February 18, 2019

MOSCOW (Reuters) – The detention in Russia of Baring Vostok’s U.S. founder Michael Calvey is an emergency for the Russian economy, former finance minister Alexei Kudrin, now head of the Audit Chamber, said on Monday.

“I find this particular situation (to be) an emergency for the economy,” Kudrin tweeted. He said Calvey’s detention shows Russian President Vladimir Putin’s order not to jail people accused of economic crimes was being ignored.

Calvey, a senior partner at Baring Vostok and among Russia’s most prominent foreign investors, was detained on Thursday along with other executives after investigators accused them of embezzling 2.5 billion rubles ($37.76 million).

(Reporting by Maxim Rodionov; Editing by Mark Heinrich)

Source: OANN

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UK's Brexit negotiations 'shameful,' similar to how the left refused to accept Trump's win: Nigel Farage

Former U.K. Independence Party leader Nigel Farage said Friday there are parallels in 'acceptance' between his country's current Brexit situation and President Trump's 2016 triumph.

"It's the same game. Both Brexit and Trump were huge seismic shocks in the political arena and just as our [members of parliament] here don't accept Brexit, many of them want to stop it or overturn it," Farage told "Fox & Friends."

"In America, you've got large sections of the media and of the left who do not accept the legitimacy of this president, do not believe could possibly have won by fair means, and come up with endless conspiracy theories about Russia or whatever else it may be. I think the parallels are remarkable."

Britain’s House of Commons voted Thursday to ask the European Union to delay their country’s exit.

"The problem is hundreds of our members of parliament didn't only vote the other way but they have never ever respected the result and are doing their best to overturn it, to frustrate it," Farage told co-host Steve Doocy.

TRUMP BACKS BREXIT BY PROMISING 'LARGE SCALE TRADE DEAL' WITH UK

"And in the middle of all this Theresa May has made the most holy mess of the thing by putting on the table a document that is completely unacceptable."

Britain, by law, will leave the EU on March 29 with or without a deal, unless it cancels Brexit or secures a delay.

Pro-Brexit lawmakers in Prime Minister May’s Conservative Party have rejected her withdrawal deal, which outlines a future relationship with the EU, believing it restricts them.

UK LAWMAKERS REJECT 'NO DEAL' BREXIT, TAKE STEP CLOSER TO DELAYING DEPARTURE

"This is one of the oldest functioning democracies in the world and our democracy is being walked all over. It's one of the most shameful episodes in the history of my country," Farage said.

"In the end it's up to our prime minister, if she was bold or brave we'd still leave in two weeks time. But I'm afraid she's buckling to political pressure and it looks like there's going to be a delay to Brexit and that's going to make this country very, very angry indeed."

The Associated Press contributed to this report.

Source: Fox News World

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Sea-Eye asks Germany to help find port for 64 migrants

The German humanitarian group Sea-Eye says it is asking Berlin to use diplomatic channels to find a safe port for the 64 migrants it rescued off Libya earlier this week.

Sea-Watch spokesman Carlotta Weibl said Friday that the rescue boat Alan Kurdi remains in international waters off Lampedusa and will not approach Italy's southernmost island until it has permission.

She said conditions on board were worsening and that a storm was approaching. She said a request has been made to the German foreign ministry to find a solution.

Malta and Italy have refused to open ports to humanitarian rescue ships, saying their activities encourage smugglers to pack unseaworthy rubber dinghies with migrants looking for sanctuary in Europe.

Source: Fox News World

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Two sons of 'El Chapo' indicted on drug conspiracy charges, remain fugitives

Two of Joaquin "El Chapo" Guzman's sons have been indicted on drug conspiracy charges, barely a week after the Mexican kingpin was found guilty of running a drug cartel.

Joaquin Guzman Lopez, 34, and Ovidio Guzman Lopez, 28, were charged in a case unsealed in Washington, D.C. last week.

'EL CHAPO' ACCUSED OF DRUGGING, RAPING GIRLS AS YOUNG AS 13, ACCORDING TO COURT DOCUMENTS

The two brothers, who are both believed to be living in Mexico, allegedly conspired to distribute cocaine, meth and marijuana in the U.S. from April 2008 until April 2018, the U.S. District Court for the District of Columbia said Thursday.

The sons of the notorious leader remain fugitives.

The pair's father, 61-year-old El Chapo, was convicted on Feb. 12 of drug conspiracy charges following a three-month-long trial in New York. The jury of 12 people announced their decision at a federal courthouse in Brooklyn on the sixth day of deliberations, affirming Guzman was the leader of the Sinaloa cartel who conspired to commit murder.

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One of the most notorious drug traffickers in modern history, he was extradited to the U.S. in 2017 after Mexican authorities captured him a year prior during raids in Los Mochis, Sinaloa. He was free at that point after a dramatic escape in which he tunneled out of a Mexican prison.

Fox News' Marta Dhanis, Katherine Lam and The Associated Press contributed to this report.

Source: Fox News National

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House Committee Seeks Trump Tax Returns from IRS

U.S. House Ways and Means Committee Chairman Richard Neal has asked the Internal Revenue Service to provide six years of President Donald Trump's personal and business tax returns.

"We have completed the necessary groundwork for a request of this magnitude and I am certain we are within our legitimate legislative, legal, and oversight rights," Neal said in a statement on Wednesday announcing the request.

Neal, who is the only House of Representatives member authorized by law to request Trump's returns, has been under pressure to act from some Democratic lawmakers and outside groups.

U.S. Treasury officials were not immediately available for comment.

Trump defied decades of precedent as a presidential candidate by refusing to release the tax documents and has continued to keep them under wraps as president, saying his returns were under audit by the IRS.

Democrats hope that obtaining the returns will allow them to identify any conflicts of interest posed by Trump’s global business empire.

Republicans oppose the effort, saying such a move would set a dangerous precedent by turning the confidential tax documents of a U.S. citizen into a political weapon.

Source: NewsMax Politics

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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Good morning and welcome to Fox News First. Here’s a look at what you need to know today …

EXCLUSIVE: Trump says ‘Sleepy Joe’ Biden doesn’t have what it takes

President Trump, in a wide-ranging, exclusive phone interview with Fox News’ Sean Hannity, dismissed the launch of former Vice President Joe Biden’s presidential campaign, nicknaming him “Sleepy Joe” and saying he’s “not the brightest bulb.” Biden, the president said, has name recognition but he won’t “be able to do the job.” When asked about Sen. Bernie Sanders, I-Vt., Trump criticized his record, saying Sanders had “misguided energy” and asserted that Sanders “talks a lot” but hasn’t accomplished anything. The president referred to former U.S. Rep. Beto O’Rourke of Texas as “a fluke” who had lost much momentum and outright dismissed Sen. Kamala Harris, D-Calif., and South Bend, Ind., Mayor Pete Buttigieg — although he said he was “rooting” for Buttigieg. (Trump could address Biden and the other Democratic presidential candidates when he speaks today before the National Rifle Association.)

The Democratic Party’s youth movement: Biden’s biggest challenge?
Former Democratic National Committee (DNC) chair Howard Dean warned Joe Biden about the troubles he may face in his presidential campaign, especially from the “35-year-olds” who Dean says have been running the party — a clear nod to Rep. Alexandria Ocasio-Cortez, D-N.Y., and fellow freshmen Democrats. “This is a very different party than even the party Joe Biden ran in in 2012. Very different,” Dean continued. “A lot of people could win this race. There’s 20 people in there. I think it’s going to take $20 million to get to the starting line. If you can’t raise $20 million, you’re gone, and I think that’s going to take care of about six or eight of these folks. … But it is not the same party that it was five years ago.” A progressive political group that boosted Ocasio-Cortez’s bid for Congress last year vowed to oppose Biden and blasted him as part of the “old guard.”

More tales from the FBI texts
Text messages between former FBI officials Peter Strzok and Lisa Page indicate they discussed using briefings to the Trump team after the 2016 election to identify people they could “develop for potential relationships,” track lines of questioning and “assess” changes in “demeanor” – language one GOP lawmaker called “more evidence” of irregular conduct in the original Russia probe. Fox News has learned the texts, initially released in 2018 by a Senate committee, are under renewed scrutiny, with GOP Sen. Chuck Grassley and Homeland Security Committee chair Ron Johnson sending a letter Thursday night to Attorney General Bill Barr pushing for more information on the matter. President Trump, speaking on Fox News’ “Hannity” Thursday night, responded to this report by accusing Strzok and Page of an attempted “coup.” “They were trying to infiltrate the administration,” he said.

Kim accuses US of acting in ‘bad faith’
North Korean leader Kim Jong Un, fresh off his summit with  Russian President Vladimir Putin, said the U.S. has been acting in “bad faith” since his Hanoi meeting with President Trump over the stalemated issue of North Korean denuclearization. The North Korean leader told the Korean Central News Agency that, “the situation on the Korean Peninsula and the region is now at a standstill and has reached a critical point,” the Straits Times of Singapore reported. Kim warned that the situation “may return to its original state as the U.S. took a unilateral attitude in bad faith at the recent second DPRK-US summit talks,” the Korean Central News Agency added.

NFL Draft 2019: It’s all about defense
The first round of the 2019 NFL Draft saw a run on defensive players, with eight of the top 12 picks in Nashville coming from that side of the ball. After Oklahoma quarterback Kyler Murray was taken first overall by the Arizona Cardinals, the San Francisco 49ers started a run of four straight front-seven players by taking Ohio State defensive end Nick Bosa with the second overall pick — the highest draft slot for any Buckeye since left tackle Orlando Pace went No. 1 overall to the St. Louis Rams in 1997.

CLICK HERE TO GET THE FOX NEWS APP.

TODAY’S MUST-READS
Fox News’ Ed Henry recalls spending time with Celtics great John Havlicek.
Massachusetts judge accused of helping illegal immigrant evade ICE pleads not guilty.
Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking.
F.H. Buckley: What Democrats have forgotten about citizenship.

MINDING YOUR BUSINESS
Amazon crushes earnings expectations, but revenue growth slows.
Low-tax states among best places to make a living in 2019.
Construction job market booming: These states are hiring.

#TheFlashback
2018: Bill Cosby is convicted of drugging and molesting Temple University employee Andrea Constand at his suburban Philadelphia mansion in 2004; it is the first big celebrity trial of the #MeToo era.
1986: An explosion and fire at the Chernobyl nuclear power plant in Ukraine causes radioactive fallout to spew into the atmosphere. (Dozens of people are killed in the immediate aftermath of the disaster while the long-term death toll from radiation poisoning is believed to number in the thousands.)
1977: Notorious nightclub Studio 54 opens in New York.

SOME PARTING WORDS

Watch the “Special Report” panel take a look at former Vice President Joe Biden’s decision to run for president a third time and the battle for the “soul” of America.

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CLICK HERE to find out what’s on Fox News programming today and over the weekend!

Fox News First is compiled by Fox News’ Bryan Robinson. Thank you for joining us! Have a good day and weekend! We’ll see you in your inbox first thing Monday morning.

Source: Fox News National

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