SoylentNews is people
SoylentNews
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 Nobuddy on Tuesday April 18 2017, @01:46AM (1 child)
Ive noticed ancaps harp on the gold standadd, while being painfully ignorant of it.
Helpful hint: the gold standard ended long before Nixon. He just took the last unused remnant of the law off the books. That would be like officially declaring the horse and buggy dead as a primary mode of transport today.
(Score: 2) by The Mighty Buzzard on Tuesday April 18 2017, @01:59AM
You should read further down. I'm not a deflationary currency fan. I was just stating facts.
My rights don't end where your fear begins.