As we reported, Georgia state Rep. Bobby Franklin (R) recently reintroduced legislation to force his state to conduct all monetary transactions with U.S. gold or silver coins -- including the payment of taxes.
The Georgia bill has a long way to go before become law -- but it's by no means the only state that's considering a future in gold. Lawmakers in Montana, Missouri, Colorado, Idaho, Indiana, New Hampshire, South Carolina, Utah, and Washington have proposed legislation, mostly in 2009, to include gold and silver in its accepted currency forms.
Constitutionaltender.com, a site dedicated to tracking and promoting these bills, explains:
The United States Constitution declares, in Article I, Section 10, "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". But, in fact, EVERY state in the United States of America DOES make some other "Thing" besides gold and silver coin a "Tender in Payment of Debts" -- some "Thing" called "Federal Reserve Notes." Thus the need for the "Constitutional Tender Act" -- a bill template that can be introduced in every state legislature in the nation, returning each of them to adherence to the United States Constitution's actual legal tender provisions.More Here..
Those who were around in the 60's will remember that DeGaul demanded payment in gold rather then dollars. It was quickly obvious that to give France gold for debts would dramatically deplete our reserves of gold so they stopped the practice. I do not think a state or country or individual can afford to give gold as payment. For my part if the state were to give me gold for payment, wages, change, or whatever; I would stockpile the gold. I'm sure others would too and eventually the state would have none left.
ReplyDeleteMaybe some of the States see the handwriting on the wall. Obviously they see a need for this type of bill.
ReplyDeletegot gold beeches
ReplyDeletehahhahahahah
worthless dollars
we want gold
cant eat gold no just pay the bills
the question?
can you eat dollars beeches
Can't eat dollars beeches
ReplyDeleteCan't eat silver or gold beeches
You have answered your own questions dumb beeches
FAMILY FOOD AMMO EVERYTHING ELSE
BEECH
438
ReplyDeletebuwahahaahahhaahah
my gold buys all of that beeches
now wash my cars hahhahhahahah
Schmucks like this King Midas wannabe won't receive my attention anymore than a few statements to others.
ReplyDeleteThis is all right wing politics. The far right has always put pressure on people to purchase this and that.
Your money is wasted and one of those fat cats will be buying, not gold, but expensive dinners, prostitutes, and private flights across the world with it.
Republicans get even stronger! Amazing.
If you want real protection get into a green community, perhaps start using natural gas. Make your own solar panels or grow corn for oil.
The Earth is not going to last much longer. Big changes are coming. People would be wise to learn how to cope with the new weather patterns and mechanics of the altered terrain.
Past that I see gold doing nothing. What has gold ever done outside of getting right wing corporatists some fancy living while the rest of us get poorer? Thought so mate.
Jacob Troupe your verbal diarrhea is obnoxious and ignorant. You talk like a hillbilly from the Ozarks, although most of them are smarter than you. My GOLD has made me richer since I bought it at $260 in the year 2000 and I'm not a Republcan or a right wing "corporatist". Just an ordinary folk with 1/4 of a brain.
ReplyDeletedespite massive political manipulation and fraud, paper gold certificates etc the real value of gold remains the cost of the labour used in its production and average rate of profit on the capital used in that production and its smelting.
ReplyDeleteThe current rising price of gold in comparison to $ paper reflects a fall in value of the paper ,speculative frenzy by those seeking a secure means of retaining the value with fiat paper not being trusted for that as the theat of inflation from excess money printing grows .
Should prices soar to say 2,000 in speculationary value ,companies and people particulary in the third world .where their is cheap subsistance level labor available that will be out in mass in a new world wide gold rush.
This new supply will soon bring its price back to its socialy averaged out labour created value in commodity exchange .
perhaps 2 or 3 hundred dollars an ounce ?
And the speculators will be smashed.
1 04
ReplyDeletehahahahahahahah
ok keep dreamin
gold is money hello
speculationary value ?
debasement qe 50 fraud arent events that will bring people to sell money
got gold beeches
wash my car
Jacob Troupe - STFU! You've been posting here for less than two weeks and it got OLD with your first post. We don't want to read your RADICAL left wing, lunatic rantings and I for one will call you out on it. Again, go get the psychiatric help you need.
ReplyDeleteFree speech is alive and well tonight is it not? Assuming you're not really Glenn Beck but just a fan of his, let me ask you a question. How many times have you heard Beck deny Global Warming while watching his show?
ReplyDeleteWhy watch someone who denies science just because his Christian views of a static universe are incompatible? Who's the real radical pal?
Nice job keeping the banks in power as well as the oil tycoons. Beck cries on national television in an unrestrained fashion. Who really needs mental help buddy!?
I'm doing just fine mentally. As a matter of fact I just lost 50 pounds last year with my vegetarian diet. I will no longer eat happy, fun loving creatures just because I am human and believe myself to be higher up the food chain. It was the Bible that created that lie in man.
You can hate my opinions all you want dudes and dudettes, but that will only make me say them louder!
Jacob Troupe, you seem to be using your brain. I wish I could say the same for the other lemmings who've posted here. Barter always beats gold. The anonymous coward at the top summed it up: you can't eat gold.
ReplyDeleteanonymous coward
ReplyDeletehahahahahahhaha
my gold buys you and your family beech
now wash my car
got gold????
then you got money
those that cant afford gold are in thier cabin
playing with themselves
brass_diamond you're right, put some ketchup on that fiat and munch away. Funny the dumb people here that think cash is the holy grail..When the mania comes, GOLD and SILVER will rule and your cash will be shit, like it is today.
ReplyDeletewhen im at the front of the line buying bags of food i look for the guy with the bag of corn and bartering ill think of you?
ReplyDeletegot silver or gold you got money .,
You dumb ass who in their right fucking mind is gonna trade food for a fucking worthless piece of metal when the SHTF?
ReplyDeleteThe person/s who can produce their own food will barter it DIRECTLY with producers of other GOODS ! Not worthless coinage or paper money!
Need gas? Here's 3 dozen ears of corn or 4 dozen eggs or a bushel of tomatoes
Anybody here who thinks end game scenario had better get off this money shit cause it's all worthless when push comes to shove. Food is always worth somethinf, guns as well , Liquor, fuel, water, good land etc.
money? don't waste your time accumulating it unless you want to keep up with the joneses.
As for el troupe above - any jackass that makes the comment"growing corn for oil" doesn't deserve the right to even open their mouth; for they have never completely thought about - researched or tried to do it. Same for solar you little greenie - do your homework you mouthpiece ! Tell us mouthy; how much oil does it take to build a 2' X 2' X 1/2" monocrystaline
panel? How much oil does it take to instal? Maintain? Replace in 7 years? Spain shot for the moon greenie; they have it all' including insolvency because it takes more fucking energy
to produce oil and fuel from corn than the end product id worth and the higher oil goes - the higher the costs associated with your stupid fucking panels that aren't woth a fuck in 3/4 of the country goes.
natural Gas ?
There you go - that's a keeper & we won't use it
wanna know why greenie?
4:55, I do not agree with you about Jacob using his brain but I definitely say the same thing when it comes to gold.
ReplyDelete5:34 hit it on the head... nobody in hell is going to give a rat's ass about gold when zero point is reached.
If there were a currency then YES, people getting gold and silver will be making a fortune right now. The fiat currency will continue being devalued. Common sense, only a mindless idiot glued to the boobtube wouldn't know that.
But the fact is that when SHTF you will have no judges of anything or cops to enforce any judges. Stores will be empty within a day. You'll have millions flying to the banks in panic and fear about their savings.
Do NOT be one of those people - anyone listening better just go straight to your major family rally scene with EVERYBODY. Nobody split up at that point, even if four families (+ in laws) have to sleep under one roof and a one story house. So it will be obnoxious with so many people. Oh well, it's better than family members being picked off by the wolves. Especially if they are isolated as females, young and callow, or old and frail.
Those rushing to banks or stores trying to be "greedy" will most likely get massacred in a riot. And don't think people won't decide to bring their guns. Sit inside with everybody for at least several days. Rally with neighbors and plan out how to build a long term survival scene. Who has what kinds of skills, resources, knowledge... divide people up according to their abilities.
Back to the gold; who will you go up to with gold in your hands? "Hi, I have gold here." You might end up getting shot for it. What cops will be there to call to report a murder?
This time around gold and silver aren't worth the paper... toiler paper.
[Anonymous said...
ReplyDeletedespite massive political manipulation and fraud, paper gold certificates etc the real value of gold remains the cost of the labour used in its production and average rate of profit on the capital used in that production and its smelting.
The current rising price of gold in comparison to $ paper reflects a fall in value of the paper ,speculative frenzy by those seeking a secure means of retaining the value with fiat paper not being trusted for that as the theat of inflation from excess money printing grows .
Should prices soar to say 2,000 in speculationary value ,companies and people particulary in the third world .where their is cheap subsistance level labor available that will be out in mass in a new world wide gold rush.
This new supply will soon bring its price back to its socialy averaged out labour created value in commodity exchange .
perhaps 2 or 3 hundred dollars an ounce ?
And the speculators will be smashed.
January 12, 2011 1:04 AM ]
Nonsense. The price of gold is what the market says it is. If it only reflected the material and labor costs, then oil would be 50 cents a gallon, and a cheeseburger at Ronald's 10 cents.
If gold does drop in value vs the US dollar...so will everything else.
You see, this is the most basic concept you fail to grasp: gold and silver reflect the strength of the currency, as the currency weakens the PMs go up to reflect the loss of fiat paper purchasing power, and as it strengthens, the gain of the purchasing power.
The ONLY thing being "speculated" upon is the PAPER value...not the gold.
But you either work for the Fed, or government, or are completely clueless.
farang
[Anonymous said...
ReplyDeleteYou dumb ass who in their right fucking mind is gonna trade food for a fucking worthless piece of metal when the SHTF?
The person/s who can produce their own food will barter it DIRECTLY with producers of other GOODS ! Not worthless coinage or paper money!
Need gas? Here's 3 dozen ears of corn or 4 dozen eggs or a bushel of tomatoes
Anybody here who thinks end game scenario had better get off this money shit cause it's all worthless when push comes to shove. Food is always worth somethinf, guns as well , Liquor, fuel, water, good land etc.
money? don't waste your time accumulating it unless you want to keep up with the joneses.
As for el troupe above - any jackass that makes the comment"growing corn for oil" doesn't deserve the right to even open their mouth; for they have never completely thought about - researched or tried to do it. Same for solar you little greenie - do your homework you mouthpiece ! Tell us mouthy; how much oil does it take to build a 2' X 2' X 1/2" monocrystaline
panel? How much oil does it take to instal? Maintain? Replace in 7 years? Spain shot for the moon greenie; they have it all' including insolvency because it takes more fucking energy
to produce oil and fuel from corn than the end product id worth and the higher oil goes - the higher the costs associated with your stupid fucking panels that aren't woth a fuck in 3/4 of the country goes.
natural Gas ?
There you go - that's a keeper & we won't use it
wanna know why greenie?
January 12, 2011 5:34 PM ]
Anonymous dumbass: so you think you will find someone that has refined gasoline that will take your stinking tomatos, eggs or corn for his gasoline?
Bwahahahahaha, idiot.
The paper will be gold certificates, and silver certificates, just like the ones I have in my safe from years back.
No one will be rushing to cash in their paper for gold or silver...as the paper IS silver IS gold. The expression "good as gold" ever hear it nitwit?
And so you think if you have gold, those with guns will try to take it...but not your wad of paper?
Genius, they should have drowned you at birth.
farang
1. No one will be stealing anyone's gold that wouldn't also steal your paper money.
ReplyDelete2. No one is going to trade their refined gasoline for your tomatos, eggs or corn. How? They willwhat, eat $300 worth of produce a day? Genius you are not. No, they will be taking gold certificates or silver certificates, the source of granddad's expression "good as gold.
3. Only idiots without education are unaware of the fact alternative energy can replace oil during a conversion period.
4. How much does Koch pay you to display such ignorance?
farang
"Nonsense. The price of gold is what the market says it is.
ReplyDeleteIf it only reflected the material and labor costs, then oil would be 50 cents a gallon, and a cheeseburger at Ronald's 10 cents."
oh, the old subjective value "free Markets" supply and demand for oil and gold , would you believe ?
The price of oil like that of gold can be and is manipulated.
good Oil costs about 15 dollars per barrel to produce.
In the case of oil price manipulation.
by the big multinationals and central banks ,
with the connivence of the dominent players the MONOPOLY OPEC all priced in dollars to support the dollar hegemony system .
I haven't seen this much ignorance in a long time!
ReplyDeleteFirst off....if the shit hit's the fan, barter may indeed become the only reliable method of trade, but the problem remains that you can't very easily trade your cow for a few egg. What if the things you have to trade are large, and the things you need are many and small?
You'll try to find something that can be used as a medium, that can't be counterfeited, is rare, doesn't rust, and has a 5,000 year track record for being the worlds premiere monetary medium....
GOLD.
You guys talk about barter as if the world always relied on fiat currency, backed by nothing.
Consider this...prior to 1913 Gold was the medium used in trader, or barter, call it what you will. Using these Federal Reserve Notes is relatively new.
You think that people will run around trading chickens for gasoline? Do you think people will be ideologically opposed to using gold for a medium because they've read all the "smart" economists who say that gold is a "barbarous relic", and it's a worthless metal, etc...
Very quickly people will drop all the pretense and go back to what humans have done since time immemorial, and use gold as money.
It's true you can't eat it, but you can buy food with it. It makes living one heck of alot more efficient.
If you insist on maintaining your aversion to gold, and insist on only bartering for what you need, your going to loose alot in trading. Your going to go back to the stone age.
The fact this has to be spelled out just shows how willfully ignorant you are being.
Insisting on straight barter, without a medium, because of some holier than thou attitude that puts you above using "some worthless metal" to make your business more efficient.
Go ahead, go back to hunting and gathering if your such a purist.
It is a fact that only Gold is authorized in the constitution for use as money.
ReplyDeleteIt is a fact that prior to 1913, only gold (silver was demonetized in 1879) was used as money. There were bank notes, but these were fully redeemable in gold, and were in affect gold deposit slips. The money was always gold. The paper notes were only used to avoid actually having to use gold for large transactions. The actual coinage was in Gold. Dollars were in silver, and the coin of 90% of transactions was the U.S. 20.00 gold eagle.
Do some research on the monetary history of the country before posting such drivel
the fact that banknotes might have been redeemable for gold prior to 1913 or until roosevelt made possession of gold illegal during the last great depression ,did not stop economic depressions from happening more or less regularly every couple of decades before that
ReplyDeleteIt is definitely a good idea to diversify your portfolio. The dollar is not going to recover. I am in fact happy some states are considering such a measure. Have you heard about the gold dispensers they have been installing in malls around the world? They look just like old cigarette machines from the 1980's. You can buy gold coins out of them, over 350 different types. I personally hold a good amount of silver at the moment, as well as Norwegian Kroner. Thanks for the article.
ReplyDeleteAnd these gold vending machines collect....what(?)... in exchange for the gold? Fiat currency, you say?
ReplyDeleteI'm naturally concerned about Big Ben firing up the printing presses as his whim dictates but this whole gold escalation thing smells like pump&dump to me.
If the dollar collapses and it will precious metals will be the new or temporary currency. Yes barter will also work and wash your own car and no I can't build a solar panel... any more childish arguing? Why don't yo all grow-up and help solve the problems not create them? In other words stop acting like childish little bastards!
ReplyDeleteI heard the US govt already has a new currency printed and sitting in warehouses waiting for the moment!
ReplyDeleteI have heard that gold and silver are very much undervalued. I am not sure that this really matters. The important thing about stockpiling gold it that eventually, after people are not in desperate need of food and such, they will start using some sort of currency. Since gold and silver have always been valuable and probably always will be, you will be able to trade use your gold as currency, or at least trade some of your gold for this new form of currency. I would rather be stuck with gold than be stuck with worthless notes.
ReplyDeleteShane
www.doomsdaymoose.com
If $20 (gold eagle) was the average wage per week before the Creature from Jeckyl Island was conceived we need to compare this to the average weekly wage today. Today the average wage is $50000 and amounts to approx $1000 per week. We can probably determine gold is over valued at the moment by about $500 per ounce. (silver at $20 x $30 at $600 per week is a bit more realistic) So currently I beleive gold is in high speculation controlled by the money freak controllers. Who is pushing the buttons telling us what is worth what? The wall street criminals who run wall street are the ones controlling the value of everything. The more volatility in the markets and in gold and silver prices, the more harder the milking machine is working on the bull in Wall street, and subsequently the more money those criminals are making. (you wont get any milk out of the bull in wall street if you are the investor)
ReplyDeleteWe need to boycott using the Federal reserve notes, boycott the Federal Reserve products and that is the only way to down a company. Is to not use their products.
The problem with society is they are locked into this mafia run system and God forbid anybody rocks the boat and we stop using the Federal reserve notes. People dont want out of this system because they need to PROTECT their bank accounts, their imaginary wealth through the digital credits in their bank account. And the system will continue, and people will continue to accept the theft through inflation as long as their bank account and stock market shares appears to be at a steady balance. The people are destroyed for lack of knowledge.
If the dollar collapses, of course gold and silver will skyrocket as the dollar bill will be rendered as useless. With the US mint manufacturing 35 million ounces per year, it will be highly unlikely this would sustain the economy and would increase the value of silver dramatically. For example you would need probably 50 billion ounces of silver in circulation in one year. I work it our as 100,000,000 people working x $20 per week x 52 weeks (divide all by 2 as coins would be in circulation through buying and selling). Then consider the rest of the world. 3 billion people working, you would need about 1.5 trillion ounces of silver in circulation worldwide and that is only in the first year. Is this possible with manufacturing industries eating up silver as people eating McDonalds?. Forget the 7 billion ounces of gold as it is hoarded by the elite. The system has been totally screwed and a great depression will continue for quite a while.