2011-01-11

At Least 10 States have Introduced Gold Coins-As-Currency bills

Vatic Note:  What?  Someone elected to public office is taking a leadership stand on issues of great import???  Oh, knock me over with a feather.   Well, this is absolutely great.  I notice that my state is in there as one of those working toward doing that and I am estatic about it.   Historically, whenever the country has controlled its own currency AND CREDIT, the country has always had much longer and better periods of prosperity than when central banks have run it.  So this is a step in the right direction.  I noticed in Germany they are doing the same thing and going back to their Marks instead of the Euro for their currency.  So the move is on and we may just prevail after all.   Keep up the good work and now we have to conjure up other creative ideas for overcoming and undoing all the damage that has been done to date.  Quite a job ahead but exciting since we get to make into what we want it to be.  Lets all make sure our states listed pass and impliment this idea for our currency. 

At Least 10 States have Introduced Gold Coins-As-Currency bills

http://tpmdc.talkingpointsmemo.com/2011/01/at-least-10-states-have-introduced-gold-coins-as-currency-bills.php
Jillian Rayfield,  January 5, 2011, TPMDC
Legislators in at least ten states have introduced bills in the past few years to allow state commerce to be conducted with gold and silver.

As we reported, Georgia state Rep. Bobby Franklin (R) recently reintroduced legislation to force his state to conduct all monetary transactions with U.S. gold or silver coins -- including the payment of taxes.

The Georgia bill has a long way to go before become law -- but it's by no means the only state that's considering a future in gold. Lawmakers in Montana, Missouri, Colorado, Idaho, Indiana, New Hampshire, South Carolina, Utah, and Washington have proposed legislation, mostly in 2009, to include gold and silver in its accepted currency forms.

Constitutionaltender.com, a site dedicated to tracking and promoting these bills, explains:

The United States Constitution declares, in Article I, Section 10, "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". But, in fact, EVERY state in the United States of America DOES make some other "Thing" besides gold and silver coin a "Tender in Payment of Debts" -- some "Thing" called "Federal Reserve Notes." Thus the need for the "Constitutional Tender Act" -- a bill template that can be introduced in every state legislature in the nation, returning each of them to adherence to the United States Constitution's actual legal tender provisions.

The site's Facebook page says all donations to the group go to RightMarch, a conservative 501(c)(4) that describes its goal as to "counter the well-financed antics of radical left-wing groups like MoveOn.org, by appealing to the grassroots "silent majority" to take action." RightMarch is run by Bill Greene, who ran for Congress in Georgia in 2008.

This idea of using gold and silver as currency has recently enjoyed a bit of a renaissance -- Fox Business' Stuart Varney and Andrew Napolitano, for example, recently debated whether the country should return to using gold as everyday currency. Gold vending machines had already been operating in some European countries and the United Arab Emirates before one recently opened in a Florida mall. And, of course, there's Glenn Beck's consistent touting of the gold seller Goldline on his radio show.



The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.

10 comments:

Blue Rose said...

I always have my suspicions what those one or two companies (that I also suspect are really shady fronts of some sort) that advertise on TV about sending them your gold jewelry for cash. The ads then show them melting the jewelry down.

I wonder if they advertise for gold jewelry to melt them down and make these gold and silver coins to create an illusion of gold-coins-as-currency? Meanwhile it's just created from people's jewelry? Maybe i've been reading too much conspiracy theory, I dunno.

Vatic said...

LOL, maybe you have, but what used to be conspiracy theory is turning out to be fact. Just read all the blogs.

Anonymous said...

Gold and Silver is the only medium that does not loose it's value over time. The fiat currency does because the Fed Reserve Bank can print more bills. The more it prints, the more people can afford to buy items. The more items you can bid on, the more those items can cost. A new car back in 1960 cost $2,500.00 dollars. The same basic car cost up $25,000.00. Plus the banks get their share of the value through loans. Gold value went up, right? That's because the value of gold never changed. Only the value of fiat/paper money's value went down.

So eliminate the privately owned Federal Reserve Bank's right to print money and go back to the gold and silver coinage of yesterday and watch the economy grow and jobs come back super fast!

And it will keep the government under physical spending control!

Anonymous said...

When do you recall anyone seeing any gold at Fort Knox?

Plant strong said...

Hello Vatic,

I'm from Germany,and as far I know we are not going back to Deutsche Mark.
They want it, most of us, but it doesn't seem to happen (soon).
I'm sorry but the source that said Germany is going back to Deutsche Mark is wrong...

Warm greetings Barbara

Vatic said...

Thank you Barbara for clearing that up. It was in a mainstream publication back when I first put it on the blog with a link to a German paper and I believe it was der speigel, but it did not say one way or the other whether it passed or not, rather that was what the German people and government wanted.

So was there discussion on this issue, was there legislation that was submitted to do this? I need to know so I can decide how I feel about Der Speigel now as a legit and reliable source of info. Thanks

Vatic said...

Anonymous, well, you maybe right about never seeing any Gold at Ft Knox, but about a year ago supposedly gold was shipped to hong kong from Ft. know and they actually scrapped and broke up some of the bars and guess what they found???

Tungsten painted over with melted gold and then let to dry and harden. That was a huge scandel at the time.

Maah! said...

Hi Vatic

Where we supposed to get the gold from? Fort Knox? Twin Towers? Everybody have to turn in their jewelry and silverware? Better we print our own money for now, and by-pass them that way with them having all the power to take gold and silver from circulation in a snap. We need a completely new leadership before this can happen.

Vatic said...

Maah, it depends on where you live. I got to farmington NM for my gold and silver and he still has supplies. I also know a dealer in Albuquerque and he still has some.

Dealers everywhere saw what the gov was doing which is hyperinflationary so the dealers bought tons of gold and silver just for such a day.

Another thing, Maah, just because the legislature says something doesn't make it happen. We can bury it and not worry about itas long as you have courge to NOT COOPERATE WITH THEM. I am very tired guys, so will finish these responses when I feel better. Thanks.

Stone Gold said...

Challenge Coins
Hi it is big blow that at least 10 states have introduced Gold coins as currency bills.Thanks foe share this good news.