Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

States seek currencies made of silver and gold

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
 
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-03-12 06:01 PM
Original message
States seek currencies made of silver and gold
Edited on Fri Feb-03-12 06:41 PM by No Elephants
Source: cnn

States seek currencies made of silver and gold

By Blake Ellis @CNNMoney February 3, 2012: 10:53 AM ET

EW YORK (CNNMoney) -- <snip>

Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.

"In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System ... the State's governmental finances and private economy will be thrown into chaos," said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year.

Unlike individual communities, which are allowed to create their own currency -- as long as it is easily distinguishable from U.S. dollars -- the Constitution bans states from printing their own paper money or issuing their own currency. But it allows the states to make "gold and silver Coin a Tender in Payment of Debts."

To the state legislators who are proposing state-issued currencies, that means gold and silver are fair game, said Edwin Vieira, an alternative currency proponent and attorney specializing in Constitutional law. And since gold has grown exponentially more valuable, while the U.S. dollar continues to lose ground, the notion has become increasingly appealing to state lawmakers, he said.


Read more: http://money.cnn.com/2012/02/03/pf/states_currencies /
Refresh | +3 Recommendations Printer Friendly | Permalink | Reply | Top
Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-03-12 06:05 PM
Response to Original message
1. so how tiny is a $5 gold coin going to be then with gold at 1700 an ounce? (Missing link, BTW)
Edited on Fri Feb-03-12 06:05 PM by Divine Discontent
Whatever they decide, I wish they'd send a few thousand my way!

I'm tired of people like this having all the money --- (Romney supporter greeting him with her kids done up to spell Romney. The oldest child needs to trade places with the one to his left, because that's all Romney is about.....)




Get it now, or one of a million other designs! Click on "Crestone Mountains" to see all of my stickers to choose from others.
http://www.zazzle.com/gop_2012_keeping_millions_out_of_...
Printer Friendly | Permalink | Reply | Top
 
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-03-12 08:39 PM
Response to Reply #1
4. Good observation! "MONEY" is right!
Printer Friendly | Permalink | Reply | Top
 
lbrtbell Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-17-12 09:30 PM
Response to Reply #4
8. Birth control wouldn't be a bad idea, either
Did this woman even let her uterus fully retract between children?

This is what the GOP wants from women--to be brood mares, nothing more.
Printer Friendly | Permalink | Reply | Top
 
Sapphocrat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-03-12 06:26 PM
Response to Original message
2. 10:1 it's the (dangerous, anti-American, crackpot) "sovereign" movement behind this.
These dangerous, anti-American crackpots:
http://www.splcenter.org/get-informed/intelligence-file...

Typical: Jared Lee Loughner

"... At one point, Loughner refers disparagingly to 'currency that's not backed by gold or silver.' The idea that silver and gold are the only 'constitutional' money is widespread in the antigovernment 'Patriot' movement that produced so much violence in the 1990s. It's linked to the core Patriot theory that the Federal Reserve is actually a private corporation run for the benefit of unnamed international bankers. So-called Patriots say paper money what they refer to with a sneer as 'Federal Reserve notes' is not lawful. ..."

More:
http://www.splcenter.org/blog/2011/01/09/who-is-jared-l... /
Printer Friendly | Permalink | Reply | Top
 
Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-03-12 07:32 PM
Response to Reply #2
3. Yep. One of Ron Paul's goals IIRC
they're set on everything being illegal and unconstitutional etc, because of the federal reserve and what happened about 100 years ago with all that. I wouldn't be surprised to see them push much harder for their own sovereign country, and fight for it one day...





Get it now, or one of a million other designs! Click on "Crestone Mountains" to see all of my stickers to choose from others.
http://www.zazzle.com/gop_2012_keeping_millions_out_of_...
Printer Friendly | Permalink | Reply | Top
 
smoking357 Donating Member (38 posts) Send PM | Profile | Ignore Sun Feb-05-12 02:50 PM
Response to Reply #2
5. The Federal Reserve Is a Private Corporation
Incorporated in Delaware in 1913. It is not, in any way, government run. It does have private shareholders that have never been disclosed to the American public.

This is true.
Printer Friendly | Permalink | Reply | Top
 
Sinistrous Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-05-12 11:55 PM
Response to Reply #5
6. In fact, your assertion is quite false.
Check any of the great number of articles on the subject that are available on-line.

Enjoy your stay.
Printer Friendly | Permalink | Reply | Top
 
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-06-12 06:51 AM
Response to Reply #6
7. You are correct, sir or madam
Edited on Mon Feb-06-12 06:53 AM by No Elephants
"It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.<2><3><4> "

http://en.wikipedia.org/wiki/Federal_Reserve_System

The website of the Fed is a .gov website www.federalreserve.gov

The President nominates its head and its board of governors, subject to Senate confirmation, just like any other agency of the Executive Branch of the federal government.

There is, however, some confusion about whether individual member banks of the governmental federal reserve system are government agencies or not.

And that is where some folks get confused. Or try to confuse others.

(edited to add the wiki link.)

Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Dec 29th 2014, 10:43 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC