Summary
Transcript
There are two beta tests going on right now in the world that are attempting to rob you of everything you have. They’re testing it, and they’re going to bring it here. We’ve talked about both these things before, but now it’s becoming a reality that’s only one step away. And the answer is precious metals diversification outside what these animals control. This is why Noble Gold is so good. Now, let me just say this very quickly. Noble Gold and I have had a relationship for seven and a half years. I’ve been an advertiser. I’ve also been a customer of Noble Gold.
We’re going on seven years now. And it’s been the best business relationship I’ve ever had with anything. And I’m talking in terms of the financial industry. Do you want to be a part of it? Do you want to be able to step away and save your retirement? Do you want to save really what your nest egg is in your bank account? Of course you do. Well, Noble Gold can help you. I can send you a free information packet. Dave Hodges gold.com. Dave Hodges gold.com. And just that’s easy to remember, because I’m telling you the two things I’m going to go through here on the topic of our of this segment.
You’re going to say, Oh my gosh, I got to get out of Dodge. Well, you do with your money. You truly do. The FTC requires me to fulfill this requirement. Any investment carries an inherent risk and past performance can’t be construed with future expectations. So proceed cautiously. Now, I would also say they should warn you that the banks can steal your money under Dodd-Frank because you’ve been declared to be an unsecured creditor. Having said that Dave Hodges gold.com Dave Hodges gold.com. We’ve talked about unrealized income. We’ve talked about the dangers of CBDC. And they are being beta tested right now around the world.
This is scary stuff. And there are three countries involved in this in totality. One of them just came to my attention yesterday. Let’s talk about CBDC. We give you a brief overview and tell you why you want nothing to do with this. CBDC is central bank digital currency, meaning it’s not cash that you handle and disperse. No coins. It’s digits on your cell phone to be used as money, but they control it. They let’s say that you organized a boycott like I called for yesterday of the box stores. And you only shopped local. They would look at these trends and they would take money out of your account, negate purchases for who you want to support and go to support the box stores.
They have that ability. If you say something they don’t like, Kamala is a communist. What are we doing? They could take everything from you. They could find you. They could take everything from you. I’m not joking. Well, CBDC is being tested in Thailand. And what they did was really kind of interesting. Nobody wanted anything to do with it. Until the government said this, well, we’ll give you CBDC credits and they claim they’re giving out over a billion dollars. No, they’re not. No, they’re not. They’re giving out fake digits that mean nothing. It’s a trick to get people to sign up.
Well, we also are seeing it with social credit and this kind of gets into the second area that your media is going to be 100% controlled. Just as an aside, in the UK, with what’s going on with the riots right now, if you post anything on Facebook that’s anti-government, if you protest immigration in any form on Facebook, the police are showing up and arresting people. In Australia, and I had some Aussies send this to me, they’re now implementing, you know, you’ll like this, they’re implementing a new policy that’s coming into play. One, you’ve got to pay social credit points and that costs you money out of your bank account.
They got to pay social credit points to be on the internet and everything you post, including private messenger, is open to the police and they’re putting restrictions on your speech. This is tied into CBDC and the accompanying punitive social credit system. It’s being beta tested in Australia. It’s being beta tested in Thailand. Now, there’s a third country that’s involved in something we should know about and the second element of our discussion, and this happens to be unrealized income. I’ve explained it before, but in case you missed it, and I think it’s a good review, so before I launch into what’s happening in New Zealand, unrealized income works this way.
You buy a house, and BlackRock continues to overbid on homes all across the country to drive the rates up, making it almost impossible for new buyers to come in and buy. Then you have the Federal Reserve raise the interest rate to 8%, and that further exacerbates the problem that the average person can’t afford to buy a home. Now, it takes $120,000 of income to buy a starter home, and that’s the national average, depending on where you’re at in the country, those numbers vary. In New Zealand, they are bringing in unrealized income, so you bought the home for $200,000.
It’s now doubled over, let’s say, a 20-year period, so now it’s $400,000. Well, you’ve realized all this income, and you go, that’s a bunch of crap because I’m not making money on the house, I’m living in it, and as the value increases, I have to pay more tax. I don’t want the value to increase because it increases the amount of property tax I got to pay. No, that’s not the way we see it. You can turn around and cash out and start renting, so we’re going to tax that $200,000 at a 45% rate, new capital gains that’s coming into play next year under this administration.
Do the math. What’s 45% of a $200,000 increase? It’s roughly $85,000, $90,000. Do you have that sitting around? Well, I don’t think so. The average American doesn’t have, according to the research, $500 to do an average car repair bill. So what will happen when you can’t pay that tax? Your home will have a lien put on it, and the government will take it, and they’ll auction it off. Who will buy the home? Black Rock, State Street, Vanguard. That’s what’s coming here. Now, in Australia, they simply have announced they’re instituting unrealized income.
Now, I’m going to tell you this too. You’ve got another problem. I think this could be applied to anything of value that would increase. Let’s say that you have a baseball card collection. And on paper, it might be worth $5,000 total when you first got it. Now it’s worth $20,000. You have to pay that tax. Let’s say that they know you have precious metals. You bought a bar of gold when it was $100 an ounce. And now, it’s worth, you get the idea? This is being beta tested now in New Zealand. And I guarantee you, based on what Janet Yellen has said, and what the C40 city is, which are basically almost 100 American cities say, oh yeah, we like the World Economic Forum and their 15-minute city concept.
We’re all on board with this. They want this too. This is coming, folks. And this is about stripping you of home ownership. I’ve also talked about unrelated to these economic test pilot programs. But also what’s happening is there’s discussion now, and I believe this is going to be voted on September 22nd at the UN in their Summit of the Future conference. Are you going to have to pay for mitigation for your home to become carbon zero? And the estimated average cost is $50,000 on average per homeowner. Well, who has that? Well, not most Americans.
This is a move to eliminate criticism, economic competition, rob you of any savings, and eliminate private property. And it’s all being beta tested right now, coming to a neighborhood near you. That’s it for the Common Sense Show. Thanks for joining us. We’ll see you back here again next time. [tr:trw].
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