{"id":36884,"date":"2025-05-04T22:53:03","date_gmt":"2025-05-05T05:53:03","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=36884"},"modified":"2025-05-04T22:54:45","modified_gmt":"2025-05-05T05:54:45","slug":"36884-2","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/36884-2\/","title":{"rendered":"Fed Panics: New Silver & Gold Laws Threaten Control"},"content":{"rendered":"

\u201cWe\u2019re seeing more and more states actively participate in a monetary renaissance,\u201d says JP Cortez, Executive Director of the Sound Money Defense League. He speaks with Daniela Cambone about how different U.S. states are making moves to support sound money by getting rid of taxes on gold and silver and recognizing them as legal tender again. Wyoming, Idaho, and Alabama are a few standout examples of these efforts. \u201cPoliticians tend to see dollar signs and don\u2019t understand the constitutional or historical reasons why gold and silver shouldn\u2019t be taxed,\u201d Cortez points out. He also weighs in on the recent power outage in Spain, highlighting why depending only on digital money can be risky during a crisis.<\/h3>\n

Key facts:<\/strong><\/h3>\n

– 2025 has seen significant progress in sound money adoption.<\/h3>\n

Leading states:
\nWyoming, Idaho, Alabama Challenges in implementing sound money legislation<\/h3>\n

Why are politicians reluctant to adopt sound money?<\/p>\n

Spain\u2019s blackout highlights the risks of relying on digital money.<\/h3>\n

JP Cortez on the Fight for Sound Money and the Rise of Gold Currency<\/h2>\n

In an era marked by inflation, economic instability, and growing concerns over government manipulation of financial systems, more Americans are taking control of their financial future by turning to tangible assets\u2014especially gold and silver. At ITM Trading, we recently sat down with JP Cortez<\/strong>, policy director at the Sound Money Defense League, for a powerful discussion hosted by Daniela Cambone<\/strong> on the growing national movement to restore financial sovereignty through gold currency<\/strong> initiatives.<\/p>\n

The State of Sound Money in America<\/h3>\n

JP Cortez has spent the last decade advocating for sound money laws at both the federal and state levels. His organization\u2019s mission is clear: to return America to a stable monetary system backed by precious metals\u2014something our Founding Fathers explicitly outlined in the Constitution.<\/p>\n

As Cortez explains, \u201cThe Constitution says very clearly that states shall make nothing but gold and silver coin a tender in the payment of debts.\u201d Yet today, our money is created by decree\u2014backed by nothing but trust in the same institutions many Americans have come to distrust.<\/p>\n

This monetary shift has had devastating long-term consequences: the U.S. dollar has lost 98% of its purchasing power since 1913. Inflation continues to erode savings, retirement accounts, and purchasing power. For those concerned about safeguarding their wealth, returning to gold-backed currency is not just a historical ideal\u2014it\u2019s a necessary strategy for financial survival.<\/p>\n

Why Gold Currency Matters Now More Than Ever<\/h3>\n

The case for gold currency<\/strong> is not just ideological\u2014it\u2019s practical. Across the country, we are witnessing a historic groundswell of legislative action aimed at bringing back financial sanity. According to Cortez, in 2023 alone, 25 states introduced over 50 pieces of sound money legislation.<\/p>\n

This includes bills that eliminate capital gains taxes on gold and silver, establish state depositories, and recognize gold and silver as legal tender. More states are considering these measures in 2024, signaling a public shift toward more resilient financial systems.<\/p>\n

As Cortez puts it, \u201cThese bills are being sponsored by lawmakers who have realized that our current monetary system is broken. It doesn\u2019t serve the people\u2014it serves the debt machine.\u201d<\/p>\n

And the debt machine is accelerating. With out-of-control government spending and endless money printing, retirees and conservative savers are right to be worried. The appeal of owning physical gold and silver lies in their historical reliability\u2014they cannot be printed, inflated, or erased by policy whims.<\/p>\n

ITM Trading\u2019s Role in Empowering Financial Independence<\/h3>\n

For over 28 years, ITM Trading<\/strong> has been at the forefront of helping individuals build resilient portfolios with precious metals. We understand that for many Americans\u2014particularly those aged 50 and up\u2014traditional financial institutions no longer feel trustworthy. The risks are too high, and the future feels increasingly uncertain.<\/p>\n

That\u2019s why we champion voices like JP Cortez, who bring a data-backed, common-sense approach to restoring financial privacy and independence.<\/p>\n

Our host, Daniela Cambone<\/strong>, pressed Cortez on how Americans can best position themselves amid today\u2019s volatility. His advice was clear: start taking steps now. Gold and silver are not speculative plays\u2014they are the ultimate safe haven assets.<\/p>\n

What\u2019s Next for the Sound Money Movement?<\/h3>\n

Cortez is optimistic about the momentum behind the Sound Money<\/strong> movement. The fight is far from over, but the groundwork is being laid.<\/p>\n

\u201cThe education gap is closing,\u201d he says. \u201cPeople are beginning to ask the right questions: Why is the dollar losing value? Why is inflation persistent? And why aren\u2019t we being told the truth?\u201d<\/p>\n

The answers often point to the same conclusion: the fiat monetary system is inherently unstable and unfair to savers. But change doesn\u2019t come from Washington alone. It starts with individuals making informed, proactive decisions.<\/p>\n

How You Can Take Action Today<\/h3>\n

At ITM Trading, we help you take those next steps. Whether you\u2019re concerned about the erosion of your purchasing power, the volatility of the stock market, or the growing reach of government over your finances, diversifying into physical gold and silver offers a time-tested solution.<\/p>\n

📞 As JP Cortez emphasized in the interview, it\u2019s time to ask yourself: What\u2019s your plan?<\/strong>
We can help you build a strategy that gives you confidence, clarity, and control. Book a free consultation with one of our precious metals experts and find out how to safeguard your wealth in an unpredictable world.<\/p>\n

\n

Final Thoughts<\/h3>\n

JP Cortez\u2019s insights are a wake-up call. The financial system is changing, and not necessarily for the better. But you still have time to prepare. With the support of experts at ITM Trading<\/strong> and a deeper understanding of the gold currency<\/strong> movement, you can make decisions that protect your wealth and preserve your financial independence.<\/p>\n

We\u2019re here to empower you with knowledge and proven strategies\u2014because at ITM Trading, your financial freedom is our mission.<\/p>\n

THINKING ABOUT PURCHASING GOLD & SILVER?<\/strong>\u00a0Get expert guidance from our team of analysts with 28+ years of experience. Schedule a free Q&A 👉\u00a0SCHEDULE YOUR CALL HERE<\/a>\u00a0or call\u00a0866-351-4219<\/strong>.<\/p>\n

\u201cThe ITM team offers something unique\u2014direct, personal guidance. What stood out to me right away was that they weren\u2019t just focused on making a sale. Instead, they took the time to build my understanding of the function and value of precious metals.\u201d<\/em>\u00a0\u2014 Gary P. [Verified Google Review]<\/p>\n","protected":false},"excerpt":{"rendered":"

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