Stories
Slash Boxes
Comments

SoylentNews is people

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/


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 3, Informative) by urza9814 on Monday April 17 2017, @06:22PM

    by urza9814 (3954) on Monday April 17 2017, @06:22PM (#495406) Journal

    Fact 1: If given the choice between being rewarded for their efforts and not, nearly every person on the planet will choose to be rewarded.

    But that choice doesn't exist.

    Here in the real world, the choice is often between giving it away for free and getting minimal rewards for minimal additional effort, vs expending a much, much larger amount of effort possibly for a larger reward, but most likely nothing.

    It takes work to get a book published. It takes work to advertise a book and get copies sold. And there's no guarantee of a publisher being interested, there's no guarantee of customers being interested. Give it away for free instead, takes almost zero effort, and while you won't get paid you'll probably get some feedback and/or appreciation pretty quick.

    Fact 2: If your economic goals rest on fundamentally changing human nature, your goals are moronic.

    Like changing it so that people can be instantly rewarded for their work with no additional effort? :)

    Starting Score:    1  point
    Moderation   +1  
       Informative=1, Total=1
    Extra 'Informative' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   3