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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: 2) by The Mighty Buzzard on Monday April 17 2017, @05:04PM (1 child)

    If anything, our current system probably kills a lot more genuine creativity than it fosters.

    Yes, offering personal gain as a reward for creativity is killing us.

    More to the point though, your utopian idea rests on the assumption that you can fundamentally change human nature. If your world plan would work perfectly if it weren't for having the wrong kinds of people, your plan is shit.

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  • (Score: 2) by sjames on Monday April 17 2017, @06:15PM

    by sjames (2882) on Monday April 17 2017, @06:15PM (#495400) Journal

    Who said anything about eliminating personal gain? Certainly not me.

    I'm more concerned about creative people too busy asking "want fries with that" for less than enough to live on instead of producing the great creative work they are capable of.