| Title | Texas Bill to Establish Gold & Silver as Legal Tender, Dealing Massive Blow to Federal Reserve | |
| Date | Sunday April 16 2017, @10:06AM | |
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| 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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printed from SoylentNews, Texas Bill to Establish Gold & Silver as Legal Tender, Dealing Massive Blow to Federal Reserve on 2023-05-26 11:18:40