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

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/


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  • (Score: 0) by Anonymous Coward on Monday April 17 2017, @12:34AM

    by Anonymous Coward on Monday April 17 2017, @12:34AM (#495031)

    Since FedGov refuses to coin sufficient lawful money they can probably do what they have to do

    Or what their Libertarian addled minds think they have to do! Seriously, is this is all that is left of the great Texas Succession of Gov. Goodhair? Wait, it's because the President is no longer a Black dude, right? So now all Texas can do is some passive aggressive doomed-to-fail legislative action that they learned about listening to Glenn Beck.

    But we all know what this is really about. It's about thievery. Coins have no serial numbers. There is no motivation to forge coins, since arguably the value of raw materials is nearly the same as the coinage itself. (jmorris evidently not know enough history to know about debasement and the use of touchstones.) So it would be very easy for libertarians, drug runners, racists, cockfighters, pedofiles, and libertarians who realize that bitcoin is not what they thought it was going to be, to launder their ill-gotten gains, and more importantly, evade the violent imposition of taxation. These are same people pushing for the legalization of silencers. Assassins, rogues, Ron Paul supporters, the scum and villainy of the hive of scum and villainy. Criminals.