2) Just in case the US dollar goes into hyperinflation mode the states can demand that taxes be paid in inflation-proof gold or silver.
They can't do that. Dollars are legal tender for all private and public debts. Besides,such a move by a state would be a back door method for confiscating gold and silver.
posted on 05/01/2012 1:07:30 PM PDT
by Ken H
(Austerity is the irresistible force. Entitlements are the immovable object.)
To: Ken H
Besides,such a move by a state would be a back door method for confiscating gold and silver.
FDR did just that with executive order 6102
posted on 05/01/2012 1:26:06 PM PDT
(How can the IRS seize property without a warrant if the 4th amendment still stands?)
To: Ken H
Sure, they can do it.
US Constitution, Article 1, Secion 10:
“No State shall...make any Thing but
gold and silver Coin a Tender in Payment of Debts”
posted on 05/01/2012 1:40:26 PM PDT
(No way in Hell am I voting for Mitt Romney. Not now, not ever. Deal with it.)
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