HuskyCaucasian Posted January 5, 2011 Share Posted January 5, 2011 Via TPM - 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 ® 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©(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 News' 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. I was curious on your thoughts on this. Link to comment Share on other sites More sharing options...
Y2HH Posted January 5, 2011 Share Posted January 5, 2011 (edited) QUOTE (Athomeboy_2000 @ Jan 5, 2011 -> 08:52 AM) Via TPM - I was curious on your thoughts on this. It's stupid. It's a finite material, which introduces massive complexities...not to mention that a gold or silver standard cannot work unless EVERYONE is on that same standard. I won't get into why right now, but if you think about it you'd understand why. Also, there isn't enough gold in the world to cover the currencies that currently exist. Odds are these lawmakers have HUGE positions in gold/silver, and they figure if they shove something like this through, it'll make the prices rise even more (it will). They should be investigated, and if they have ANY positions in these commodities, they should be removed from office and jailed for attempted insider manipulation of commodity prices. Edited January 5, 2011 by Y2HH Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 5, 2011 Share Posted January 5, 2011 Its called old men living in the past. The Gold Standards time has passed in this country. Link to comment Share on other sites More sharing options...
StrangeSox Posted January 5, 2011 Share Posted January 5, 2011 We need Rai Stone-backed currency. Link to comment Share on other sites More sharing options...
bmags Posted January 5, 2011 Share Posted January 5, 2011 we should back each dollar with a bag of RICE i tell you. Link to comment Share on other sites More sharing options...
Y2HH Posted January 5, 2011 Share Posted January 5, 2011 QUOTE (bmags @ Jan 5, 2011 -> 10:00 AM) we should back each dollar with a bag of RICE i tell you. Ahh, yes, the good old 'food standard'. Link to comment Share on other sites More sharing options...
Balta1701 Posted January 5, 2011 Share Posted January 5, 2011 QUOTE (Y2HH @ Jan 5, 2011 -> 11:11 AM) Ahh, yes, the good old 'food standard'. Chickens. If it's good enough to pay for Health Care in Nevada, it's good enough for everything. Link to comment Share on other sites More sharing options...
jasonxctf Posted January 5, 2011 Share Posted January 5, 2011 forget the chickens, we should barter in goats. Link to comment Share on other sites More sharing options...
Texsox Posted January 5, 2011 Share Posted January 5, 2011 The illegal immigration bill in Arizona was written by the for profit prison industry, I think I can guess who wrote thie one. Link to comment Share on other sites More sharing options...
lostfan Posted January 6, 2011 Share Posted January 6, 2011 When people start rambling about the gold standard it's kind of prima facie evidence that they don't really know s*** and you can safely ignore most, if not all, of what they're saying. Same thing when they put a heavy emphasis on the strength of the dollar. Link to comment Share on other sites More sharing options...
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