The unconstitutional central bank uses fiat to power the largest government in history. The federal government will never shut down its own money printer. So it’s up to the states and the people to get the job done. An important first step is the “Legal Tender Act” - now law in 3 states, and counting.
The post Legal Tender Act: Gold and Silver are Money first appeared on Tenth Amendment Center.
The legislation would make “gold and silver specie” legal tender in the state, meaning it would be recognized as a medium of exchange. Practically speaking, this would allow Arkansans to use gold or silver coins as money rather than just as mere investment vehicles.
The post To the Governor: Arkansas Passes Bill that Would Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
The legislation would take steps to treat gold and silver as money in Missouri and encourage its use as such, including making it legal tender, and eliminating the state capital gains tax on gold and silver. It would also prohibit any public entity of the state from requiring payment in the form of any digital currency, including a central bank digital currency (CBDC).
The post Missouri House Committee Holds Hearing on Bill That Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would make “gold and silver specie” legal tender in the state, meaning it would be recognized as a medium of exchange. Practically speaking, this would allow Arkansans to use gold or silver coins as money rather than just as mere investment vehicles.
The post Arkansas House Passes Bill that Would Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
The proposed law would authorize the Maine State Treasurer to invest state funds located in the Maine Budget Stabilization Fund under chapter 142 and any pension fund administered by the treasury in gold, silver, or other precious metals. In effect, holding gold and silver would help secure state assets against the risks of inflation and financial turmoil. It would also reinforce the importance of sound money in the state's financial system.
The post Maine Bill Would Authorize the Investment of State Funds in Gold and Silver first appeared on Tenth Amendment Center.
The legislation would make "gold and silver specie" legal tender in the state, meaning it would be recognized as a medium of exchange within the state. Practically speaking, this would allow Arkansans to use gold or silver coins as money rather than just as mere investment vehicles. In effect, it would put gold and silver on the same practical footing as Federal Reserve notes.
The post Arkansas Bill Would Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
A bill introduced in the New Jersey Assembly would exempt gold and silver bullion coins from state sales and use taxes.
The post New Jersey Bill Would Take Small Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
In practice, the enactment of HB1479 allows the state of Tennessee to hold reserves of gold, silver, platinum, and palladium coins and bars.
The post Signed as Law: Tennessee Authorizes State Gold and Silver Reserves first appeared on Tenth Amendment Center.
a Kansas Senate Committee approved a bill that would make gold and silver legal tender in the state and would effectively repeal the state capital gains tax on gold and silver. Passage into law would eliminate barriers to using gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.
The post Kansas Committee Passes Bill to Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
The legislation would make gold and silver in coin or bar form legal tender for all transactions as long as the buyer and seller agree as to the fair market value of the metal. The bill would also exempt the sale of gold and silver legal tender from the state sales and use tax.
The post Maine Bill Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.