New 1099 regs in health bill to hit coin collectors, dealer

[HowardRoarke]

All businesses will have to fill out a 1099 form. effective Jan.1, 2012:

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=11843

A blizzard of paperwork could be about to hit numismatics.

Passage by Congress of the national health care legislation has had an unintended consequence to the nation’s coin collectors, vest-pocket dealers who buy and sell coins, and larger dealers who are frequent buyers of coins that collectors periodically liquidate as they trade up their collections for better coins, or simply sell to take a small profit or loss.

What has happened is that effective Jan. 1, 2012, the whole system of giving and receiving Internal Revenue Service 1099 forms will be turned on its head and all persons (including corporations) who are in business will now have to give 1099 tax reporting forms for coins and other goods that they sell as well as buy.

The responsibility for issuing forms kicks in at $600 for coins or bullion – not a very high level and one that has already started sounding alarm bells. It doesn’t matter in what form payment is made, whether cash, check, credit card, or Yap stone money, the $600 threshold applies.

There’s a bill introduced by Rep. Dan Lungren (H.R. 5141), which has gathered over 80 members of Congress as co-sponsors to repeal this section. Evidently, however, the drafters of the provision think there is a $17 billion loophole that this plugs.

[SpaceMonkeyZero]

There will be a lot of $599.99 purchases...

[SpaceMonkeyZero]

There will be a lot of $599.99 purchases...

[IR]

Money is privacy, and let's face it, Federal Reserve Notes are not money, they are currency mistaken for money.

Coins aren't going to lose their melt value like is inevitable with the dollar, so they have to go after dealers if they want to erect a wall around your ability to control your own destiny in the future. Why does Washington want to control the people?

http://projects.washingtonpost.com/top-secret-america/articles/a-hidden-world-growing-beyond-control/

I think this is just the tip of the iceberg. Tens of thousands of people are going to be spending a very long time in prison when this is all over and done with, at least a few for treason. I'm sure this involves more than a few Congresscritters, but when it's become known that the FBI has been used to blackmail Congressmen on a routine basis and enough people realize their government has been working against the people for decades, there will be mass outrage in this country. It all starts with what they call "money," and the trail needs to be followed.

Just look at the editorial in the fishwrapper today claiming we should give the FDA more power...these are all agencies created to do things for progressives by progressives. They replaced mush smaller and Constitutionally-sound government agencies with ones that siphoned money from consumers. This is the same FDA that was basically founded because the Bureau of Chemistry wouldn't say that Sodium Benzoate is safe for human consumption (it isn't, but it's a very common food preservative). Our food is unsafe because it comes from labor and more than a few companies that don't care about quality or nutritious value but about unit price (don't get me wrong, unit price is a very necessary concern, but when you pay people in America slave wages, don't be surprised that they don't wash their hands and contaminate food with E.Coli...which is found in livestock only when given feed they are biologically capable of digesting properly...).

118 Democrat co-sponsors of HR1207, a bill to audit the Federal Reserve, voted against the bill in the House. There's shenanigans going on, and people are starting to wake up.

[IR]

It's almost like the D&C editorial foreshadowed some wonderful nanny-state policy that they were trying to nudge the populace into going along with...

Either Jim Lawrence is truly mentally handicapped, and totally unable to see what is going on, or Gannett Corp. thinks we're dumb, or both.

Just look at the editorial in the fishwrapper today claiming we should give the FDA more power...these are all agencies created to do things for progressives by progressives. They replaced mush smaller and Constitutionally-sound government agencies with ones that siphoned money from consumers.

but when you pay people in America slave wages, don't be surprised that they don't wash their hands and contaminate food with E.Coli...which is found in livestock only when given feed they are biologically capable of digesting properly...).

1. It puts all US food and all US farms under Homeland Security and the Department of Defense, in the event of contamination or an ill-defined emergency. It resembles the Kissinger Plan.

2. It would end US sovereignty over its own food supply by insisting on compliance with the WTO, thus threatening national security. It would end the Uruguay Round Agreement Act of 1994, which put US sovereignty and US law under perfect protection. Instead, S 510 says:

COMPLIANCE WITH INTERNATIONAL AGREEMENTS.

Nothing in this Act (or an amendment made by this Act) shall be construed in a manner inconsistent with the agreement establishing the World Trade Organization or any other treaty or international agreement to which the United States is a party.

3. It would allow the government, under Maritime Law (which you would think only applies on the high seas, but it's been the means to get around the Constitution on dry land since the New Deal), to define the introduction of any food into commerce (even direct sales between individuals) as smuggling into “the United States.” Since under that law, the US is a corporate entity and not a location, “entry of food into the US” covers food produced anywhere within the land mass of this country and “entering into” it by virtue of being produced.

4. It imposes Codex Alimentarius on the US, a global system of control over food. It allows the United Nations (UN), World Health Organization (WHO), UN Food and Agriculture Organization (FAO), and the WTO to take control of every food on earth and remove access to natural food supplements. Its bizarre history and its expected impact in limiting access to adequate nutrition (while mandating GM food, GM animals, pesticides, hormones, irradiation of food, etc.) threatens all safe and organic food and health itself, since the world knows now it needs vitamins to survive, not just to treat illnesses.

5. It would remove the right to clean, store and thus own seed in the US, putting control of seeds in the hands of Monsanto and other multinationals, threatening US security. See Seeds – How to criminalize them, for more details.

6. It includes NAIS, an animal traceability program that threatens all small farmers and ranchers raising animals. The UN is participating through the WHO, FAO, WTO, and World Organisation for Animal Health (OIE) in allowing mass slaughter of even heritage breeds of animals and without proof of disease. Biodiversity in farm animals is being wiped out to substitute genetically engineered animals on which corporations hold patents. Animal diseases can be falsely declared. S 510 includes the Centers for Disease Control (CDC), despite its corrupt involvement in the H1N1 scandal.

7. It extends a failed and destructive HACCP to all food, thus threatening to do to all local food production and farming what HACCP did to meat production – consolidate the industry and put small and mid-sized processors out of business.

8. It deconstructs what is left of the American economy. It takes agriculture and food, which are the cornerstone of all economies, out of the hands of the citizenry, and puts them under the total control of multinational corporations influencing the UN, WHO, FAO and WTO, with HHS, and CDC, acting as agents, with Homeland Security as the enforcer. The chance to rebuild the economy based on farming, ranching, gardens, food production, natural health, and all the jobs, tools and connected occupations would be eliminated.

9. It would allow the government to mandate antibiotics, hormones, slaughterhouse waste, pesticides and GMOs. This would industrialize every farm in the US, eliminate local organic farming, greatly increase the use of oil-based products and long-distance delivery of foods, and make food even more unsafe. The five items listed — the Five Pillars of Food Safety — are precisely the items in the food supply which are the primary source of its danger.

10. It uses food crimes as the entry into police state power and control. The bill postpones defining all the regulations to be imposed; postpones defining crimes to be punished, postpones defining penalties to be applied. It removes fundamental constitutional protections from all citizens in the country, making them subject to a corporate tribunal with unlimited power and penalties, and without judicial review.

It is (similar to C-6 in Canada) the end of Rule of Law in the US.

Senator Richard Durbin (D-IL) is the sponsor of this bill.

The bill's co-sponsors are:

Lamar Alexander [R-TN]
Jeff Bingaman [D-NM]
Richard Burr [R-NC]
Roland Burris [D-IL]
Saxby Chambliss [R-GA]
Christopher Dodd [D-CT]
Michael Enzi [R-WY]
Kirsten Gillibrand [D-NY]
Judd Gregg [R-NH]
Thomas Harkin [D-IA]
Orrin Hatch [R-UT]
John Isakson [R-GA]
Edward Kennedy [D-MA]
Amy Klobuchar [D-MN]
Ben Nelson [D-NE]
Tom Udall [D-NM]
David Vitter [R-LA]

[RochesterDrew]

Gosh, it seems like the government is incessantly pushing for a cash-less society, where all transactions can be monitored- and controlled.

Who would have ever envisioned that being a possibility?

"And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name." Revelations 13:17