Posted on 02/03/2012 7:42:44 AM PST by Sasparilla
Washington State Representative Matt Shea believes that paper money printed by the Federal Reserve amounts to confiscation of property without compensation. And, the bill that he is co-sponsoring would authorize gold and silver use as legal tender in his state says as much. He believes that the Fed’s printing of paper money is unconstitutional. The Bill’s basis is under Article I, Section 10 of the United States Constitution which gives the states the power to enact gold and silver based legal tender laws, "no state shall . . .; make any thing but gold and silver Coin a Tender in Payment of Debts." No Amendment has changed this Constitutional dictate.
Matt Shea, is one of four Washington State legislators sponsoring the bill to allow gold and silver to be legal tender in Washington state. If the bill becomes law, the state will join Utah as States where your money is as good as gold.
Here's the Bill:
(Excerpt) Read more at secondamendmentfreedom.blogspot.com ...
Fascinating law with a fascinating premise - hope it passes here.
That’ll work really well when you go into a Taco Bell and try to buy something. They called the cops on this guy who tried to pay with a two dollar bill. Even when people are educated with the new policy you’ll still see things like that. And then, how will the merchant calculate how much the gold or silver is worth? And what would they return as change?
It’s meaningless.
Nobody is going to use a $1700 coin with a legal tender value of $50 to buy anything. The change would be in notes or bills, same as would be anything else.
You could buy 4 tacos for a silver dime! :)
A silver dime is now worth about $3.50 based on current silver prices.
A silver dollar is about $35.
Is that better, more carry-able?
I think it is.
The funny thing is, that $35 USED to be the dollar-amount for an ounce of GOLD.
Copper is now 24 cents an ounce!!!
Maybe, but it’s only legal tender for ten cents.
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