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Texas Bill to Establish Gold & Silver as Legal Tender, Dealing Massive Blow to Federal Reserve

posted by on Sunday April 16 2017, @10:06AM   Printer-friendly
from the raid-on-fort-knox dept.

MrPlow writes:

Submitted via IRC for TheMightyBuzzard

A bill recently introduced in Texas seeks to obliterate the Federal Reserve's much-maligned monopoly on currency by establishing gold and silver as legal tender — but the groundbreaking legislation, if passed, would also prohibit those precious metals from being seized by State authorities.

[...] Senator Bob Hall introduced the bill last month, which, the Tenth Amendment Center explains, "declares specifically that certain gold and silver coins are legal tender, and prohibits any tax, charge, assessment, fee, or penalty on any exchange of Federal Reserve notes (dollars) for gold or silver. The bill authorizes the payment of taxes and fees in gold & silver in certain circumstances. It would also prohibit the seizure of gold or silver by state authorities."

Would this matter in a nation where money is mostly plastic nowadays anyway?

Source: http://thefreethoughtproject.com/texas-bill-gold-silver-money-federal-reserve/

Original Submission

 
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  • (Score: 2, Touché) by Anonymous Coward on Sunday April 16 2017, @11:24AM (5 children)

    by Anonymous Coward on Sunday April 16 2017, @11:24AM (#494774)

    Did you have a point?

    Starting Score:    0  points
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    Total Score:   2  

  • (Score: 3, Insightful) by aristarchus on Sunday April 16 2017, @11:32AM (4 children)

    by aristarchus (2645) on Sunday April 16 2017, @11:32AM (#494777) Journal

    Yes, this article is not useful, appropriate, or even amusing for SoylentNews. It should not be censored, FSM forbid, but it should be ignored for being the crazy that it is. Point enough, AC? I could come up with a few more, if it would help you.

    • (Score: 2) by c0lo on Sunday April 16 2017, @01:34PM (3 children)

      by c0lo (156) Subscriber Badge on Sunday April 16 2017, @01:34PM (#494796) Journal

      It should not be censored, TMB forbid,

      FTFY

      (grin)

      --
      https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford

      • (Score: 2) by mcgrew on Sunday April 16 2017, @11:31PM (2 children)

        by mcgrew (701) <publish@mcgrewbooks.com> on Sunday April 16 2017, @11:31PM (#495009) Homepage Journal

        What TBM? Wikipedia gives me no clue. True Mormon Believer, maybe? [wikipedia.org]

        --
        mcgrewbooks.com mcgrew.info nooze.org

        • (Score: 3, Funny) by aristarchus on Monday April 17 2017, @12:19AM (1 child)

          by aristarchus (2645) on Monday April 17 2017, @12:19AM (#495027) Journal

          THE TMB, our very own reboot of Cowboy Neal, originally Neal Cassidy, one of the Beats, but now a goldbug right-wing provocateur who submitted this FA via IRC using the Mr Plow, you know, The Mightbe a Buzzard! (And, the crowd goes wild!!!!) Surprised you didn't know this, McGrew!

          • (Score: 2) by c0lo on Monday April 17 2017, @09:05AM

            by c0lo (156) Subscriber Badge on Monday April 17 2017, @09:05AM (#495172) Journal

            Also a relentless defender of free speech on SN - no matter how good or stupid that speech may be.

            Come on, admit it, magister... Without TMB's... mmm... prose (can't call it a discourse, see...), SN would be rather boring.
            Who would you mock then? JMo? He's so lifeless in his droning even mocking him is useless.
            Eth-f? I suspect he's just fake trolling, he rather likes the idea of being just a chilly stuck in the SN-ers arse (even if, lately, his delivery dropped to the mild level of figging)... more of a trollish "lest we forget the racism is still alive" presence than a sincere one.

            TMB? Well, if you push his buttons right (and he doesn't have too many of them, he's not that sophisticated), you have a firework - his disdain for the "lib'rahls" is always so vivacious and passionate, almost to the level of a living oxymoron.

            --
            https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford