Arizona Legislature Approves Gold and Silver as Money

The New American ^ | Apr. 9, 2013 | Alex Newman

[EXCH54FE]

As trust in the Federal Reserve System and its fiat dollar continues to plummet worldwide, legislation making gold and silver into legal tender was given final approval by Arizona lawmakers on Monday when the Republican-led state House of Representatives voted overwhelmingly in favor of the bill. With tremendous grassroots support, an earlier version of the precious-metals measure sailed through the GOP-controlled Arizona Senate in late February.

If the legislation is signed by Gov. Jan Brewer, a Republican, Arizona would become the second state to officially define gold and silver as legal tender. Utah adopted a similar law two years ago, garnering widespread praise among free market-oriented economists and sending shockwaves through the financial community. Since then, as the privately owned Federal Reserve and its wild policies have come under increasingly fierce criticism, the movement to restore sound money has been spreading across America like wildfire. Over a dozen states already have similar efforts underway.

Under the Arizona SB 1439 legislation, precious metals would be treated just like debt-based fiat dollars for taxation and regulation purposes. However, unlike fiat dollars, nobody would be forced to accept gold or silver currency. While the original Senate bill would have allowed citizens to pay state taxes in any form of money, including precious metals, the House added an amendment striking that provision in an effort to ease opposition from the state Department of Revenue.

Republican State Rep. David Livingston, who added the amendment exempting tax authorities from having to accept gold and silver, told reporters that the Department of Revenue had requested the change. "They just didn't want to have to deal with it right now," the key lawmaker involved in getting the measure approved told the Associated Press, adding that the amendment was not indicative of problems with the bill.

[EXCH54FE]

In a phone interview with The New American, Lester said it was crucial for states to take action. “We’ve got one in Utah, and we may be able to get one here in our state, but what we really need is 50 — one for every state — to prepare for what’s coming with the American dollar,” he explained. “It’s easy to see where this is heading and we need to start getting ready now, before it hits.”

[stuartcr]

We need to get more states to define even more stuff as legal currency. Copper, iron, tobacco, tea, tomatoes, puppies, pine cones...the list is endless, we could all become rich.

[Venturer]

If they made Bullshyt legal tender Democrats would have a lock on the currency.

[KarlInOhio]

We need to get more states to define even more stuff as legal currency. Copper, iron, tobacco, tea, tomatoes, puppies, pine cones...the list is endless, we could all become rich.

Leaves. And I see a Bernanke level of quantitative easing about to begin outside.

[KarlInOhio]

Have you looked at the señor senator from Arizona? The Dems don't have that monopoly.

[Venturer]

I consider Juan McCain a Democrat.

I don’t know what he considers himself

[factoryrat]

You can eat puppies and pine cones, but I hear that paper in the form of fiat currency isn’t very filling, so maybe you can use your paper wealth as toilet paper, and possibly trade at a profit for kindling. In a SHTF moment, unless you have something of intrinsic value, you will starve-freeze-be killed. Oh, and all of the gold, silver, or stock options in the world will NOT buy you what I had the good sense to hide away for just such an occasion when the US economy goes to hell in a handbasket.

[free from tyranny]

"If the legislation is signed by Gov. Jan Brewer, a Republican, Arizona would become the second state to officially define gold and silver as legal tender."

As an aside to this...... North Korea announces it is targeting of Phoenix AZ as well as DC, LA, and Austin TX.

Those Korean made tools found in the chest of Globalists come in very handy for the right job. I guess we will find out their quality.

[BfloGuy]

Though I like the increasing consideration of gold as a currency, I'm not sure why anyone would spend his gold to pay his taxes when ever-cheapening dollars are accepted, too.

I mean, hang on to the gold; dump the paper.

[RHS Jr]

The US Constitution, Article 1, Section 10, says “No state shall...make any thing but gold and silver coin a tender in payment of debts”. So, why does the “Rothschild” bank system print trillions in US fiat currency and buy $85 billion of US assets each month and why are we outlawed from using gold and silver for payment of debts? HISTORY REFRESHER: The Founding Fathers wanted the Rothschild bankers outlawed from operating here but they managed it anyway; so in 1832, Andrew Jackson vetoed the renewal of their bank charter. But in 1913, Woodrow Wilson(D) and Congress gave it back to them with the Federal Reserve Act which created their “Federal Reserve” bank system which now prints the only lawful currency (out of thin air) which they then loan to us; and also in 1913, they created the Income Tax and the IRS to enforce repayments. They outlawed the real money (silver and gold) which they can’t counterfeit.