States and individuals can stop a CBDC. It’s going to take hard work - and good strategy. The latter, we’ve got from the “father of the Constitution” - who gave us a four-step blueprint to stop federal programs without relying on the federal government to magically limit its own power.
The post James Madison vs a Central Bank Digital Currency first appeared on Tenth Amendment Center.
a Maine committee held a hearing on a bill that would establish a state-chartered bank outside of the federal banking system authorized to issue transactional currency 100 percent backed by gold coins and bullion minted by the bank.
The post Maine Committee Holds Hearing on Bill to Create State Bank That Would Issue Gold-Backed Transactional Currency first appeared on Tenth Amendment Center.
the Alaska House passed a bill that would make gold and silver legal tender in the state, treating them as money, rather than mere investment vehicles.
The post Alaska House Passes Bill to Treat Gold and Silver as Money first appeared on Tenth Amendment Center.
A bill introduced in the Alabama House would explicitly exclude a CBDC from the definition of money in Alabama, effectively banning its use as such in the state.
The post Alabama Bill Would Ban Use of a CBDC as Money in the State first appeared on Tenth Amendment Center.
The law makes a number of changes to Indiana's Uniform Commercial Code (UCC) including explicitly excluding a CBDC from the definition of money in Indiana, effectively banning its use as such in the state.
The post Signed as Law: Indiana Bans use of a CBDC as Money in the State first appeared on Tenth Amendment Center.
The legislation would make gold and silver specie legal tender in the state, recognizing it as a medium of exchange for the payment of debts. In effect, gold and silver specie would be treated as money, putting it on par with Federal Reserve notes in Alaska.
The post Alaska Committee Passes Bill to Treat Gold and Silver as Money first appeared on Tenth Amendment Center.
Paper money isn’t real money. Thomas Jefferson may have summed it up best
The post Paper Money Is Poverty first appeared on Tenth Amendment Center.
The bill would explicitly exclude a CBDC from the definition of money in South Carolina, effectively banning its use as such in the state.
The post South Carolina Bill Would Ban use of a CBDC as Money in the State first appeared on Tenth Amendment Center.
To the founders and old revolutionaries, liberty requires a rejection of fear, ignorance, and a culture of obedience. But it also takes courage - fortitude and perseverance - to support freedom, whether government likes it, or not.
The post Florida to Ban CBDC’s as Money first appeared on Tenth Amendment Center.
In establishing gold and silver specie, the comptroller would be required to authorize the Texas Bullion Depository as issuer and ensure that the holder of the specie may use the specie as legal tender in payment of debt and readily transfer the specie to another person.
The post Texas Committee Passes Bill to Create 100% Reserve Gold and Silver-Backed Transactional Currencies first appeared on Tenth Amendment Center.