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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/
(Score: 2) by The Mighty Buzzard on Sunday April 16 2017, @06:30PM (2 children)
Right but it won't push my boat around the lake without further capital being invested.
My rights don't end where your fear begins.
(Score: 1, Insightful) by Anonymous Coward on Sunday April 16 2017, @07:29PM (1 child)
That depends on whether or not your boat has a sail.
(Score: 2) by The Mighty Buzzard on Monday April 17 2017, @05:12PM
Newp. Paddles and a motor. While the energy powering the paddles does ultimately come from the sun, it does so in an extremely roundabout and highly inefficient way. The battery powering the motor could be charged by solar panels but that would require uneconomic capital output on my part. Which is to say it's cheaper and more reliable to plug the battery charger in to the wall than to rely on the sun in the spring in Tennessee.
My rights don't end where your fear begins.