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 kaszz on Sunday April 16 2017, @11:22PM (1 child)
Is it just me that get the idea that Texas state is safeguarding their monetary system against mismanagement by the central banking and government? And that they are doing so because they are privy to knowledge that the said institutions are financially deficient.
(Score: 0) by Anonymous Coward on Monday April 17 2017, @06:22PM
No probably not. Here have some kool aid in a tinfoil cup