A bill to allow citizens to pay their taxes with silver medallions gains support. Goldbugs are watching closely.
With only one state representative dissenting, the Idaho House State Affairs committee voted on Monday to endorse HB 633, a bill that would allow Idaho citizens to pay their state taxes with an official state silver medallion.
The news comes just a month after a South Carolina legislator introduced a bill seeking to ban Federal currency altogether, and replace the upstart greenback with gold or silver coins. A half-dozen other states have considered similar legislation, reports the Tenth Amendment Center.But there's a key difference between the Idaho plan and the bills proposed in other states, most of which fall somewhere on a spectrum ranging from Tea Party rage to Ron Paul goldbug-ism. (The South Carolina bill, for example, claims that "the State is experiencing an economic crisis of severe magnitude caused in large part by the unconstitutional substitution of Federal Reserve Notes for silver and gold coin as legal tender in this State.")
In contrast, the sponsor of the Idaho bill, Republican Phil Hart, seems to be marshalling wide support by crafting legislation that is straight out industrial policy aimed at boosting Idaho's silver industry. The text of the bill is quite clear.
This will only make it easier to walk in and lay down a coin versus laying down a wheelbarrow full of paper currency. This will only help if they choose to succeed from the union. They will already have something in place. Let's see... Can anyone tell me which state when it becomes a country will have the most nukes??? Interesting thought is it not. Of course they will have to be reprogramed outside the White House control. I would love it if the Midwest Succeeded from the Union. We would have our own Army, Airforce, and Marine Corps and hundreds of nukes. We wouldn't have to have the president that California, New York and Florida chose for us anymore. Hip Hip HOOOORAAAY
ReplyDeleteAnd when California catches on fire we can say; "gee I hope you have been saving for that." California has had a free ride for too long. Time for all the liberals out there to pay their own way.
ReplyDeleteThey don't understand Gresham's Law, which is that cheap debased money will tend to chase out hard currency since people will tend to hoard the hard currency and try to get rid of the cheap currency. Only a moron would ship silver (stable or rising in value) to the state in payment of taxes when they could ship Fed notes (declining in value) instead. If Idaho wants silver-backed money, they'll need to ban Fed Notes completely or else the silver just won't gain traction as a medium of exchange.
ReplyDeleteThis bill will die like a fart in a bathtub. The FED will not allow it to happen, just like they will never be audited. Cash will be king for at least another two to four years, maybe longer as many are predicting. You see, it's like a malignant cancer.......sure it kills you in the end, but the dollar is like cancer and it's EVERYWHERE in the world, and no matter what they tell you is still preferred over anything else. I don't argue that it will not get bad, but like many others am starting to realize it's a ways off yet. If you are a stacker then buy the dips, it will pay off someday, just not right away like some have been screaming with all the SHTF talk....yeah it might happen but not anytime soon, cash is still king, i.e. the US$$$
ReplyDeleteWow, this is scary!
ReplyDeleteCalifornia
ReplyDeletesells
CALIFORNICATION
But that beside the point, nobody here wants any state to fail, or life to go into the gutter for us all.
Probably, states will become protectionist against each other during this 'long recovery'.
Mind you, the massive free money of the bailouts to the corporations and the corporate sector of our society is what happened during
'The Greatest Depression Mankind has ever known'
and the crushing poverty of everyone else is what will be known as 'The longest goddam recovery we ever fought hard to overcome'.
Selah.