We are the frog. The Fed is the heron.
Never give up!
Posted on 01/15/2009 3:53:29 PM PST by JSDude1
WOW!!!!! THIS IS FOR REAL!!! A STATE SENATOR WITH GUTS IS ACTUALLY TAKING CHARGE OF MAKING A HISTORICAL DIFFERENCE!!!! READ BELOW AND DIGG IT!!!!
http://digg.com/politics/...
FOR IMMEDIATE RELEASE January 14, 2009
Indiana State Senator Files Gold Money Bill Senate Bill 453, The Indiana Honest Money Act Indiana Picks Up Where New Hampshire Left Off !
Indianapolis, Indiana -- State Senator Greg Walker of District 41, (R-Columbus), has officially filed a Bill that would allow Indiana to offer its citizens a choice of Gold (and Silver) coin or the Electronic equivalent in payable and receivable transactions with the state. This bold bill will finally bring Indiana back into conformance with the Constitution for the United States of America which states "No state shall...make any Thing but gold and silver Coin a Tender in Payment of Debts..." Article 1, Section 10.
(Excerpt) Read more at dailypaul.com ...
Good Luck with that.
There hasn’t been enough to cover all of the public and private spending, that’s why we went off the gold standard.
They’ll need to disconnect from the Federal Reserve to pull this off. Which will not happen without a war.
It will be 'referred to committee' and never be heard from again.
Well, he is at least following the Constitutional path of doing it via the state (Article 1, Section 10- State’s limitation to only mint gold or silver currency at their level (often mistranslated as a federal restriction)) however, if Gold will ever be once again a viable currency option in which we aren’t held hostage by gold producing countries like South Africa, we need to first really ramp up domestic production.
Phil Gramm had commented on that, said that Paul can’t get anything past committee because his bills are so poorly written and lack any detail as to how to actually implement his proposals. I wouldn’t really use him as a guidepost on this issue, even if he does talk a lot..
We are the frog. The Fed is the heron.
Never give up!
Not true, we did it because the bankers wanted to controll the money supply, they didnt like competition. There is enough Gold and Silver, yet the price of items in Gold/Silver avaliable will not be as high as it is now, and even if weren’t you can always use copper or tokens for “lesser” denominations (fractions)!
Close. Our last gold standard was the Bretton Woods system. Nixon shut that down when we didn't have enough gold for conversions.
I wonder if this new guy has to pay a royalty to Ron Paul.
That wasn’t a true Gold Standard, since they were printing fiat money at the same time. That’s what caused the run on American Gold!
Not necessarily, we had a gold standard within our currency while the Federal Reserve existed. Either way, we would need something that would regulate value to prevent external forces from manipulating our economy via dumping on or withholding supply. Imagine going to war with South Africa and, to wage the battle, they dump several trillion dollars of gold into the system. South Africa, Bolivia, Uzbekistan, all countries that could hold us financially hostage if we don’t do this properly (start by increasing domestic sourcing).
IF we where going to go to a single commodity based currency, I think Silver would be much better. More is mined domestically in relation to other countries.
Exactly, domestic supply was smaller than demand on calls. It was either take a loan from the IMF or move those places off the gold standard. Hard to keep that standard when you have moved off the production side.
>> We are the frog. The Fed is the heron.
Thanks for clearing that up. Looks like you’re both pretty well screwed.
At a fixed or floating rate?
This bold bill will finally bring Indiana back into conformance with the Constitution for the United States of America which states "No state shall...make any Thing but gold and silver Coin a Tender in Payment of Debts..." Article 1, Section 10.
They'll be creating their own coins?
Who’s the naked dude face down in the creek?
Gold coins were struck in Georgia in 1830 to take advantage of the gold srike there. Similarly North Carolina struck gold coins from 1830 to 1852, as the Piedmont area was the nations principal source of domestic gold until the California gold strikes of 1848. California minted many gold coins before and after statehood in 1850. Oregon, Colorado and Utah also had their own coins.
States minting their own gold coins has a pretty solid precedent in the Real USA.
I'm guessing it's all just a matter of where you place the decimal point. If I add a zero to everyone's paycheck, does that make us all richer???
They have any decent gold mines?
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