Legal Tender

Started by Wake-up!, March 09, 2017, 08:42:17 AM

Previous topic - Next topic

Wake-up!

"Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a "reverse Gresham's Law" effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes). As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state's treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions."

See the rest of the story at;  http://blog.tenthamendmentcenter.com/2017/03/arizona-committee-passes-bill-to-treat-gold-and-silver-as-money-remove-capital-gains-taxes/

Thank You Dr. Ron Paul!!
The Constitution is not an instrument for the government to restrain the people; it is an instrument for the people to restrain the government.

The greatest mistake in American history was letting government educate our children.
- Harry Browne, 1996/2000 Libertarian Party Presidential candidate

SMF spam blocked by CleanTalk