SGM METALS: County Workers to be Paid 1/2 of Salary In Silver Bullion?

Feb. 14, 2012 - PRLog -- silverbearcafe.com reports: [ Shapiro’s will ask Town Meeting voters in April to authorize the town to give its employees and contractors the option of receiving part of their pay in $1 American Eagle Silver coins. “It’s a roughly 4 to 5 percent boost in purchasing dollars,’’ Shapiro said. “The town of Andover stands to save about $1 million if roughly 250 employees participate.’’

In his petition, which received the minimum 10 signatures from registered voters to make it onto the Town Meeting warrant, Shapiro states that as of last month, the exchange rate for a $1 silver coin is $35. Employees who choose to receive part of their earnings in silver coins would realize savings by way of paying less taxes, he said.

An employee making $1,000 a week, for instance, may choose to receive half of those wages in silver coins: The town would pay $500 in paper dollars and $500 based on the exchange rate of the silver coins, Shapiro said. Based on the January exchange rate, $500 would be the equivalent of roughly 14 silver coins. So the employee would receive $514 ($500 for their approximate value when sold and $14 for their face value) in wages, instead of $1,000 cash, thereby falling to a lower tax bracket and paying less in taxes, Shapiro said.

The tax savings also would apply to the town, as it would only have to withhold taxes on the face value - not the higher market value - of the coins, he said. “There is another side, and the other side is that the 4 to 5 percent [in purchasing power] that the employee and the town would save is coming from Uncle Sam,’’ Shapiro said. “And so the IRS is going to take the fall for it, and they’re not going to be happy.’’ ]

Isn’t it interesting that when the FED’s story of ‘little to no inflation’ starts to vary wildly from the actual economy where we buy our food and fuel, we begin to see logical strategies begin to emerge in an effort to shield both the tax payer and the governments as well. The logic here is so transparent that it seems to be beyond most peoples understanding. That is not the individuals fault, but instead the intended consequence of the propaganda campaign that has been run full steam for the past 25 years or more against the precious metals that is purely designed to ensure the viability of the fiat US dollar & it’s fiat global counterparts.

You must understand that the system has been strikingly successful in their ability to convince people to slave away on a daily basis for a green labor voucher coupon and not for biblical money in gold & silver by design. They have been able to convince the labor force that the paper coupon is in fact more valuable to them than the timeless wealth preservation of physical gold & silver. The precious metals not only protect the volume of currency they have been able to save but in fact is the ONLY currency on the earth that is also the perfect inflation proof medium of exchange. The inflation proof characteristics of the precious metals happen to be the most important quality that anyone on the planet can seek out for their life savings and the longevity of it given the current currency war. You see the central banks & governments of the world are helplessly locked into a global currency war that is sure to be the single catalyst that will destroy the wealth of the world that has not been secured by gold or silver as these are the only two currencies who are able to deflect the fiat dollar devaluation. Not only do gold & silver have the natural ability to offset the damaging policies of the federal reserves economic strategies but they also are inflation proof tools that will rise exponentially to increase your wealth as the willingness of the world to transact in fiat currencies begins to fade at an alarming rate.

As this truth becomes more widely palatable to the average person, you will find that they will begin to alter their behavior accordingly to factor in this revelation. As this transition begins to gain momentum the public outcry to be paid in a currency that will keep the value of their labor in their own bank account by neutralizing the dollar devaluation with precious metals will first be met with scoffing as they will surely be referred to as ‘economic conspiracy theorists’. Then the collective voice at some point will force the change into the economy but at what point & at what price? For this reason you must begin to make the transition on your own and begin to acquire the wealth preservation you so desperately need in gold & silver today. This proposal to pay county workers with silver bullion is beneficial across the board for both the employee and the county itself, but how can an economic alternative benefit both the tax payer and the tax spender? The answer is that the benefit to both parties comes at the expense of the IRS and their tax collection system. The collection of taxes is the mechanism by which the excess fiat money that has been created to artificially pump up the credit bubbles that fuel our economy on the front end are extracted. As the volume of fiat dollars increases to a flood stage in a credit bubble expansion period you MUST also see the raising of taxes along with it to extract those same dollars on the backside of the economic cycle in order to balance the system. The key to the economic riddle first is to decode it, now that we have done that here the next step is to understand that the fiat money system is in place to extract wealth out of the system with the fiat dollar as the tool by which to accomplish the end goal. Once you make that connection you can earn your fiat labor vouchers and then convert them into physical gold & silver so that your wealth isn’t funneled into anothers hand and watch your wealth become more stable and rise as the inflation game becomes uncontrollable. We are currently going into what is known in the motorcycle world as a high speed wobble, what comes next is the rider is ejected from the motorcycle and the impending crash is painful. Slow down and stabilize your economic scenario with alternative currencies in gold & silver bullion.

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SGM Metals strives to offer not only wealth preservation precious metals investments to offset weakness in the economy, but to help educate our family of clients to better identify the threats to their financial security.