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  • gotgoldies10 gotgoldies10 Apr 10, 2013 7:20 PM Flag

    12 States move to legalize Gold

    as money. They are worried Bernanke caused a monetary event horizon.

    Texas is also asking the fed back for its Gold.

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    • States are now demanding protection from the FED created Depression or their hyper-inflationary policies.

      Around that same time last year, North Carolina Republican Representative Glen Bradley addressed the issue in a currency bill demanding protection from hyperinflation, depression and other financial blunders brought on by the “breakdown of the Federal Reserve” in lieu of the Constitution banning states from printing their own paper money and/or issuing their own currency.

    • Actually, no. No state is approving gold as money. They are saying barter is legal. Since it wasn't illegal, this is pretty much more stupidity on the part of the brain dead republicans. The US dollar is still "legal tender". And no one is proposing any new money or currency. They merely declare gold is allowed if the buyer and seller want to use gold as the counter value transaction to a sale of a good. but the seller can refuse gold as payment and ask for money instead. I suppose next they will "leglize" bitcoins.

      States could potentially declare that gold MUST be accepted in stores as currency, alongside dollars. But they don't. They merely say that anyone foolish enough to accept gold as payment is allowed to be that stupid.

    • Black hole of debt.

    • 50 states are leaving paper dollar.

    • Back in February, CNN reported on the growing allure of the “shiny new currencies made of silver and gold" as over a dozen states across the nation contemplated an alternative currency.

      Fast forward two months into present day and the South Carolina House has given the go ahead to use gold and silver as real money.

      As local and state economies attempt to ward off devastating fiscal disasters amidst the plummeting value of the dollar, lawmakers in states all over the country are considering passing laws that would make gold and silver legal forms of currency.

      Last year, Utah led this movement by becoming the very first state in the United States of America to officially legalize silver and gold coins as legal tender.

      Around that same time last year, North Carolina Republican Representative Glen Bradley addressed the issue in a currency bill demanding protection from hyperinflation, depression and other financial blunders brought on by the “breakdown of the Federal Reserve” in lieu of the Constitution banning states from printing their own paper money and/or issuing their own currency.

      Now, a similar bill has been approved by The House Judiciary Committee in South Carolina. Although gold and silver could be used as legal tender, area businesses do have the power to decline either type of coin as a form of payment if they so choose.

      As South Carolina moves forward in the same process, 12 other states are pursuing the same goal. Tennessee, Iowa, Georgia, Colorado and Minnesota are amongst the states exploring the new currency as an option.

 
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