State of Utah passes law to use silver & gold as currency
Utah State Passes Silver & Gold Currency Bill into Law
Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.
The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state.
The legislation now heads to the state Senate, where a vote is expected next week.
Under the bill, the coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative.
If the bill passes, Utah would become the first of 13 states that have proposed similar measures. The others states are Colorado, Georgia, Montana, Missouri, Indiana, Iowa, New Hampshire, Oklahoma, South Carolina, Tennessee, Vermont and Washington.
Backers of Utah's bill say they want to send a message to the rest of the country.
"People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy," said Jeffrey Bell, policy director for the Washington-based American Principles in Action, which helped shape the bill.
"If one state recognizes gold as a valid currency, I think it would embolden people not just in other states but in Washington," he said.
The U.S. used the gold standard from 1873 until 1933, when President Franklin D. Roosevelt outlawed the private ownership of gold amid the Great Depression. President Richard Nixon abandoned the gold standard altogether when he announced in 1971 that the U.S. would no longer convert dollars to gold at a fixed value.
Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.
The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state.
The legislation now heads to the state Senate, where a vote is expected next week.
Under the bill, the coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative.
If the bill passes, Utah would become the first of 13 states that have proposed similar measures. The others states are Colorado, Georgia, Montana, Missouri, Indiana, Iowa, New Hampshire, Oklahoma, South Carolina, Tennessee, Vermont and Washington.
Backers of Utah's bill say they want to send a message to the rest of the country.
"People sense that in the era of quantitative easing and zero interest rates, something has gone haywire with our monetary policy," said Jeffrey Bell, policy director for the Washington-based American Principles in Action, which helped shape the bill.
"If one state recognizes gold as a valid currency, I think it would embolden people not just in other states but in Washington," he said.
The U.S. used the gold standard from 1873 until 1933, when President Franklin D. Roosevelt outlawed the private ownership of gold amid the Great Depression. President Richard Nixon abandoned the gold standard altogether when he announced in 1971 that the U.S. would no longer convert dollars to gold at a fixed value.
4 comments:
If the bill passes, Utah would become the first of 13 states that have proposed similar measures.
Interesting that there are 13 states with this proposed legislation. Sound familar?
Yes, I want America using a non-inflatable redeemable Gold/Silver currency.
Will the Utah legislation accomplish a usable coin currency?
Let us look at the realities involved.
First, Utah … passed a bill that would recognize gold and silver coins issued by the federal government as legal currency. That reads, as follows:
A. Utah … passed a bill
B. that would recognize gold and silver coins
C. issued by the federal government
D. as legal currency.
Lets look at this in reverse order,
Utah wants -
So, D. a “Legal” currency, this means that they want the “Legal” authorities to declare that there are alternative “Legal” methods of offsetting debts owed.
Will that happen? NO! Because, the “Legal” authorities were the ones who deprived you of the “LAWFUL” currency that was in existence under the American People’s Constitution.
Next, C. issued by the federal government
Well, if you look very closely, Americans can see that the District of Columbia is ruled by a Corporate entity called the “UNITED STATES”, or US GOVERNMENT, or many other trademarked names that are owned by various groups of banking families and business entities.
Is there any entity that represents the ownership interests of the American people in the corporate entity residing in the District of Columbia? NO! If so, name that entity, if you can.
So, the government that currently exists is NOT the same People’s Federal Government that was originally established. The American People have been left adrift without a “LAWFUL” People’s Government by the design of those forces that have claimed the American lands as their property and the American people, themselves, as their property and slaves on the American plantation both in the South and in the North and to the West as well.
Next, B. that would recognize gold and silver coins
Ok, Utah wants the corporate imposter of a people’s government to begin minting more gold and silver coins for use by the American People as a better alternative than FedRes(debt)Notes. Utah thinks that the corporate imposter bureaucracy will somehow value the precious metal coins in such a way that they can be used by the people for transactions in the marketplace. Have you tried to acquire a silver dime lately? How about a silver quarter, or silver dollar? The FRNotes have been devalued so much that the current exchange rate for pure silver is about $31.68 (today-Apr172012) and for 90% silver coins is about $32.18. So, a silver dime (0.10) is worth about $3.22) in real exchange for FRNs at the grocery store.
Is the imposter bureaucracy going to flood the banks with silver coins? NO! Forget gold coins!
Is Utah’s proposal going to get Americans anywhere?
You tell me, I can hardly wait to be proven wrong. Let me have it!
PS- I see a solution, it has just not been talked about yet.
DE
Neither the author, nor most people, understand that the State of Utah Corporation has absolutely nothing to do with Utah State, one of the several sovereign states.
Until people stop confusing the State of Utah Corporation with Utah State, one of the several sovereign states, there is no hope.
You can not cure stupid.
This article is great, and so informative. My husband has some precious metal coins that we have been thinking about selling. However, we'd like to get the best amount for them possible. We've had them stored away for a really long time, but we're just really sick of having them in the house and would like them to go.
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