Monetary Literacy & Mastery Foundation

What do you think? Does Fort Knox have gold in it still? It hasn't had an audit since the 1950s and the a partial audit once in the 70s.

“Most Americans don’t realize they live under an expansive surveillance regime that likely violates their constitutional rights. Every purchase, deposit, and transaction, from the smallest Venmo payment for a coffee to a large hospital bill, creates a data point in a system that watches you—even if you’ve done nothing wrong.”

– Katie Haun, MIT Review

Have You Heard of the CLARITY Act?

If you missed it, you’re one among many. Reporting on the subject has been slim. No one wants to talk about it. Certainly, we don’t. But we will. Because it’s important.

We’re referring to the Digital Asset Market Clarity Act, or the CLARITY Act for short, which recently advanced out of the Senate Banking Committee via a 15 to 9 vote. The bill has already passed the House of Representatives and is getting queued up for a Senate vote.

Currently, Senate committee staff are merging the CLARITY Act framework with the companion Digital Commodity Intermediaries Act. The combined bill requires a full Senate floor vote and must survive conference reconciliation before heading to the President’s desk.

Congress has about two months of session time left before the August recess to get the bill to President Trump’s desk for signature. After August, very little gets done through the midterm elections in November. With a little luck, the Act will stall out.

One of the points of contention leading up to the Senate Banking Committee vote had to do with the stablecoin yield provisions. What you need to know, as you’re herded into stablecoins, is that you, as a stablecoin holder will receive no interest from the underlying Treasuries the stablecoins are backed by.

The interest, as stated in the GENIUS Act, goes to stablecoin issuers. You, as a holder of stablecoins, get absolutely diddly-squat. This is the new money regime that’s being put in place. If successful, you’ll have to live with it. Your kids will too.

We are currently 55 years into America’s grand experiment with pure fiat money. If you recall, this cycle that kicked off in 1971 when President Nixon slammed the Bretton Woods gold window shut.

Today, U.S. government finances are buckling under the weight of unprecedented debt. But instead of letting the system face its inevitable economic reckoning, central planners are working overtime to pull off another historic monetary switcheroo.

Read here to continue, this is crazy.

This August Missourians will get to vote on Amendment 5 which aims to eliminate the income tax and lower property taxes. This amendment will also allow lawmakers to expand sales and use taxes on previously exempt goods and services such as hair salons and streaming services. My state previously tried to eliminate property taxes but ultimately this was shot down. If you live in Missouri I encourage you to read more on this Amendment and be sure you're registered to vote.

https://atr.org/missouri-voters-to-decide-on-income-tax-elimination/

He has very good arguments for this but I'll believe it when I see it. However I remember last year scoffing at hitting $40 and here we are $70+.

Bald Guy Money is back with another good video. We will see if he is right, others have said it would be going back up too.

I saw this and thought I would share. My property taxes are crazy here in California.

Florida Gov. Ron DeSantis on May 27 called for a special legislative session to pass his plan to exempt homeowners from paying property taxes on their permanent residence.

“Taxing something that you own repeatedly, which is a property tax, is the worst way to do taxation,” DeSantis said in a news conference on May 27.

DeSantis said he hopes that eliminating taxes from Florida homesteads could be a bipartisan effort.

“You pay all these taxes to acquire that property, and then year after year, you’re just having to write a check just for the privilege of being able to maintain ownership of something that is supposedly yours,” he said.

No lies detected...

https://www.theepochtimes.com/us/florida-governor-calls-for-special-session-to-eliminate-property-tax-for-homeowners-6039505