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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) by mcgrew on Sunday April 16 2017, @11:15PM (6 children)

    by mcgrew (701) <publish@mcgrewbooks.com> on Sunday April 16 2017, @11:15PM (#495003) Homepage Journal

    Why are AC comments so often completely false? We have no debtor's prisons, dufus. Who are you trying to fool, foreigners?

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  • (Score: 2) by TheRaven on Monday April 17 2017, @09:51AM (4 children)

    by TheRaven (270) on Monday April 17 2017, @09:51AM (#495192) Journal
    You might want to look up the term 'bail bond' and do some background reading before you make that assertion.
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    • (Score: 2) by mcgrew on Friday April 21 2017, @04:13PM (3 children)

      by mcgrew (701) <publish@mcgrewbooks.com> on Friday April 21 2017, @04:13PM (#497469) Homepage Journal

      You don't need bail unless you're arrested for a crime.

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      • (Score: 2) by TheRaven on Friday April 21 2017, @04:38PM (2 children)

        by TheRaven (270) on Friday April 21 2017, @04:38PM (#497480) Journal
        And arrested is basically the same as guilty, so why not save costs and eliminate that pesky trial?
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        • (Score: 2) by mcgrew on Saturday April 22 2017, @09:57PM (1 child)

          by mcgrew (701) <publish@mcgrewbooks.com> on Saturday April 22 2017, @09:57PM (#498088) Homepage Journal

          No, it isn't. I've been arrested twice and never went to court. Charges dropped both times (I was actually the victim both times and the cops screwed up).

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          • (Score: 2) by TheRaven on Sunday April 23 2017, @12:09PM

            by TheRaven (270) on Sunday April 23 2017, @12:09PM (#498288) Journal
            Well done, you've completely missed the point. Now go and reread the thread again.
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  • (Score: 0) by Anonymous Coward on Monday April 17 2017, @01:06PM

    by Anonymous Coward on Monday April 17 2017, @01:06PM (#495229)

    Uchh, wrong. I might have ignored this if you didn't seem so convinced by stating 'completely' - saying 'technically' i would have let you slide with a C- and kept my AC-rightness to myself...

    I'll leave this non-partisan article link here:
    https://www.themarshallproject.org/2015/02/24/debtors-prisons-then-and-now-faq [themarshallproject.org]

    ...And it's not just bail bonds.