Just when you think you’ve “seen it all”, along comes a new discovery in the massive ObamaCare legislation that defies all logic and leaves one just shaking their head in disbelief.
The latest Easter Egg, buried in the fine print, requires coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.
“Economic Policy Journal relays word from the coin-collecting magazine Numismater that:
…tarting on January 1st in 2012, US federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.
Venturing a guess as to the Democrats’ rationale, two tactics come to mind:
The tracking directly targets a major advertising force on conservative television programs, websites and radio shows (e.g., GoldLine) and puts the cross-hairs on conservatives who purchase bullion.
• Like FDR, who confiscated gold from individuals, the Obama Democrats want to begin controlling the flow of real currency — not just the fiat paper that Ben Bernanke has been printing like a madman.”
This reporting is, in fact, a direct snooping into your personal buying habits and will be done without the benefit of a court-issued subpoena or warrant. The government will simply be able to pry deeper into your personal finances, which would seem – at first blush – to be quite unconstitutional. But that possibility hasn’t prevented the Obama administration from doing anything and everything it wants to do, irregardless of whether it’s constitutional or not!
A team of legal beagles needs to rip this monster apart – page by page – and take whatever steps are necessary to defund each and every like passage.