The First Victory in Utah Gold and Silver Again Legal Tender

This all started with the New Hampshire Gold currency bill about 7 years ago. The momentum is such that there are now 11 sound money bills in various state legislatures from New Hampshire to Indiana. Congratulations to the people of Utah, may blessings rain down from the heavens.
To support the move back to Sound money and a Republic, time to stock up on Gold and Silver; JP Morgan's achilles heel. Paul Bea Monex 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral.

The New Hampshire Gold Currency Bill is Back!

CONCORD – A dollar should be worth more than an idea.
That’s what state Rep. Norman Tregenza says when he explains why he submitted a House bill that, if approved, would encourage the state’s federal delegation to work on getting the country back on the gold standard.
The bill is one of several similar bills submitted to state legislatures this year, according to media reports.
“This is the greatest issue of our time that is really not even covered,” said Tregenza, a Madison Republican. “This is vital if this country is to even survive.”
Tregenza’s bill would petition the U.S. Congress to correct what he says is a departure from the constitutional mandate that states use only gold and silver coins as legal tender and empowers the federal government only to coin money. The bill would also direct lawmakers to phase out the Federal Reserve System.
“The issue is that our money is no longer backed by precious metal,” Tregenza said. “That is important, because the Federal Reserve makes money out of thin air and is destroying the reputation of our dollar.”
The Federal Reserve is a quasi-private body charged with controlling the prime interest rate and determining when and how much currency is printed.
Cont@ Source

10 States Now Want Gold Currency Bill

The original was the New Hampshire Gold Currency bill, found at Goldmoneybill.org You can download a copy of the bill and have it modified it is federal compliant written by Dr. Edwin Vieira.

Legislators in at least ten states have introduced bills in the past few years to allow state commerce to be conducted with gold and silver.

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. Continued at Source
To help speed the process along, converting to hard currency now is a must. It is the only thing that will End the Fed. You need to begin to accumulate real money.
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The Intent of the Gold Money Bill

For use in introducing the concept of Gold/Silver Sound Money to others

including your elected officials.

~ The Gold/Silver Sound Money Bill would provide CONSTITUTIONAL Money – Money of True Value rather than money based on “debt” – for your State Treasury to AUGMENT (NOT replace) the Federal Reserve Notes (FRNs) currently being used. It has been called an example of “A Constitutional Money Bill.”

~ Initially a state would REQUIRE tobacco suppliers, and/or others of the so-called “sin”

industries (liquor, casinos, etc.) in your state, to pay their state fees and taxes in Gold/Silver Sound Money (Gold and/or Silver coin, based on weight, Not face value, OR the Digital equivalent). This would supply your state Treasury with the needed specie (funding in coin) or the Digital equivalent of funds to assure that your state would NOT need to earmark or provide any other separate funds. This ensures that your alternative Gold/Silver Sound Money

model will function from the very beginning. Once the Gold/Silver Sound Money model is

up and running, other businesses and citizens, so inclined, would also be encouraged, on a volunteer basis, to use this system for payments to or from your state.

~ The Gold/Silver Sound Money system is Voluntary for those so inclined, but MANDATORY for the businesses indicated above. A citizen or other business could, however, participate in the Gold/Silver Sound Money system at any level they wished, and would NOT be tied to using the system for All transactions with the state, but at a level and frequency each could determine for themselves. The Gold/Silver Sound Money system can function as both a One-Way system or a Two-Way system depending on the citizen’s or non-mandatory business’s wishes. Each could just Receive Gold/Silver Sound Money from the state as a receivable system OR use it for paying obligations to the state or a Combination of both. If one worked for the state he/she could receive their weekly /monthly pay as Gold/Silver Sound Money, in total, or as just a portion.

~ The Gold/Silver Sound Money system is nothing more than a way of providing people and businesses with an Alternative to being compelled to use Federal Reserve Notes (FRNs) for business or private transactions by using real money of “true value” as opposed to FRNs which are actually “debt” instruments. There could come a day when these “debt” instruments may no longer be viable. The Gold/Silver Sound Money Bill, in the interim, will help people become familiar with this alternative to carrying on business. It would also be a way for states to get their own houses in order and start conforming to the Constitution which the states are obligated to support.

~ The Gold/Silver Money Bill, which is compatible for any of the 50 states, was written by well known Constitutional scholar and practicing Constitutional lawyer, Dr. Edwin Vieira, Jr, who has numerous wins in the Supreme Court on Constitutional issues. The current Indiana version, which includes the addition of the Digital component when using Gold/Silver Sound Money, is available for viewing at http://indianahonestmoney.com …and is available to capture and print off or download and modify for your state. The Gold/Silver Sound Money Bill was researched extensively over many years and written to conform specifically with the Constitution !

~ The Gold/Silver Sound Money Bill was modified (the addition of a Digital component for ease of use) since it was originally introduced in the New Hampshire legislature back in 2004. This addition will make it easier for people to use Gold/Silver Sound Money on a day to day basis. The previous argument against having to use unwieldy coins in transactions was put to bed with this twist of being able to also use a Digital equivalent electronically. There are compatible systems already in place that deal in the transfer of digital Gold and Silver and these systems would be able to dovetail nicely with The Gold/Silver Sound Money Bill. Many can be funded by bank wire transfer or some other intermediary. Some of these, that might be considered to serve as the interface with the states. are: c-gold, goldmoney.com, GoldExchange, CrowneGold, Liberty Reserve, Pecunix, London Gold Exchange, etc. Each state would choose one or a combination to serve as its interface(s) based on pedigree, reputation, reliability, and scalability.

~ One system, we’re familiar with, uses both Gold and Silver that is insured by Lloyd’s of London and stored in secured, monitored and audited vaults, and can be transferred Digitally, via the Internet, to anyone with an account – such as the one set up and utilized by your state. The monthly storage and transfer fees are very reasonable for this secure, Digital delivery system. Your state would simply set up an account and a citizen or vendor would do the same and use the account to either Pay or Receive Digital Gold/Silver (or receive actual coins at your state treasury). Some of the interfaces have accounts with bullion suppliers which allows citizens to actually convert their account assets into physical Gold/Silver and have it sent directly to them.

~ Think of The Gold/Silver Money Bill as an Insurance Policy for your state. If our fiat money system ever fails to function, then your state would have a system Up and Running to help

businesses and people function. Besides, as mentioned above, your state will, finally, again be in

full compliance with the Constitution for the United States of America. “No state shall…make any Thing but gold and silver Coin a Tender in Payment of Debts…” Article 1, Section 10.

If you have questions about The Gold/Silver Sound Money Bill and/or how your state might move

forward with implementation, contact Harvey Wharfield at mentor2@gmail.com

or call 978 – 635 – 9586 anytime, between 11am and 11pm, Eastern !

Gold Money Bill Hits the Wall Street Journal!

Judy Sheldon Wall Street Journal Online

Things are starting to heat up. Validation right now is starting to trickle in from the MSM. The patriot movement is beginning to make a big dent in the conciousness of the public and the MSM. That happens over-time when the Truth is expounded continually and loudly via the pens of bloggers. Commonsense is returning to the American people and a return to a Constitutionally based government is sure to follow after the return of the use of Gold as Money. The commercial code the active law of the land today is based on the use of the Federal Reserve debt notes. A Sovereign Republic based on the common law is founded on the use of Gold as money. For the National government to be constitutionally based, it needs to be debt-free. A return to a Sound-based monetary system is the first step towards a Constitutional Republic based on the rule of Law.

Kevin Goldmoneybill.org



Let's go back to the gold standard.

If the very idea seems at odds with what is currently happening in our country -- with Congress preparing to pass a massive economic stimulus bill that will push the fiscal deficit to triple the size of last year's record budget gap -- it's because a gold standard stands in the way of runaway government spending.
[Commentary] Corbis

Under a gold standard, if people think the paper money printed by government is losing value, they have the right to switch to gold. Fiat money -- i.e., currency with no intrinsic worth that government has decreed legal tender -- loses its value when government creates more than can be absorbed by the productive real economy. Too much fiat money results in inflation -- which pools in certain sectors at first, such as housing or financial assets, but ultimately raises prices in general.

Inflation is the enemy of capitalism, chiseling away at the foundation of free markets and the laws of supply and demand. It distorts price signals, making retailers look like profiteers and deceiving workers into thinking their wages have gone up. It pushes families into higher income tax brackets without increasing their real consumption opportunities.

In short, inflation undermines capitalism by destroying the rationale for dedicating a portion of today's earnings to savings. Accumulated savings provide the capital that finances projects that generate higher future returns; it's how an economy grows, how a society reaches higher levels of prosperity. But inflation makes suckers out of savers.

If capitalism is to be preserved, it can't be through the con game of diluting the value of money. People see through such tactics; they recognize the signs of impending inflation. When we see Congress getting ready to pay for 40% of 2009 federal budget expenditures with money created from thin air, there's no getting around it. Our money will lose its capacity to serve as an honest measure, a meaningful unit of account. Our paper currency cannot provide a reliable store of value.
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So we must first establish a sound foundation for capitalism by permitting people to use a form of money they trust. Gold and silver have traditionally served as currencies -- and for good reason. A study by two economists at the Federal Reserve Bank of Minneapolis, Arthur Rolnick and Warren Weber, concluded that gold and silver standards consistently outperform fiat standards. Analyzing data over many decades for a large sample of countries, they found that "every country in our sample experienced a higher rate of inflation in the period during which it was operating under a fiat standard than in the period during which it was operating under a commodity standard."

Given that the driving force of free-market capitalism is competition, it stands to reason that the best way to improve money is through currency competition. Individuals should be able to choose whether they wish to carry out their personal economic transactions using the paper currency offered by the government, or to conduct their affairs using voluntary private contracts linked to payment in gold or silver.

Legal tender laws currently favor government-issued money, putting private contracts in gold or silver at a distinct disadvantage. Contracts denominated in Federal Reserve notes are enforced by the courts, whereas contracts denominated in gold are not. Gold purchases are subject to taxes, both sales and capital gains. And while the Constitution specifies that only commodity standards are lawful -- "No state shall coin money, emit bills of credit, or make anything but gold and silver coin a tender in payment of debts" (Art. I, Sec. 10) -- it is fiat money that enjoys legal tender status and its protections.

Now is the time to challenge the exclusive monopoly of Federal Reserve notes as currency. Buyers and sellers, by mutual consent, should have access to an alternate means for settling accounts; they should be able to do business using a monetary unit of account defined in terms of gold. The existence of parallel currencies operating side-by-side on an equal legal footing would make it clear whether people had more confidence in fiat money or money redeemable in gold. If the gold-based system is preferred, it means that people fully understand that the purpose of money is to facilitate commerce, not to camouflage fiscal mismanagement.

Private gold currencies have served as the medium of exchange throughout history -- long before kings and governments took over the franchise. The initial justification for government involvement in money was to certify the weight and fineness of private gold coins. That rulers found it all too tempting to debase the money and defraud its users testifies more to the corruptive aspects of sovereign authority than to the viability of gold-based money.

Which is why government officials should not now have the last word in determining the monetary measure, especially when they have abused the privilege.

The same values that will help America regain its economic footing and get back on the path to productive growth -- honesty, reliability, accountability -- should be reflected in our money. Economists who promote the government-knows-best approach of Keynesian economics fail to comprehend the damaging consequences of spurring economic activity through a money illusion. Fiscal "stimulus" at the expense of monetary stability may accommodate the principles of the childless British economist who famously quipped, "In the long run, we're all dead." But it shortchanges future generations by saddling them with undeserved debt obligations.

There is also the argument that gold-linked money deprives the government of needed "flexibility" and could lead to falling prices. But contrary to fears of harmful deflation, the big problem is not that nominal prices might go down as production declines, but rather that dollar prices artificially pumped up by government deficit spending merely paper over the real economic situation. When the output of goods grows faster than the stock of money, benign deflation can occur -- it happened from 1880 to 1900 while the U.S. was on a gold standard. But the total price-level decline was 10% stretched over 20 years. Meanwhile, the gross domestic product more than doubled.

At a moment when the world is questioning the virtues of democratic capitalism, our nation should provide global leadership by focusing on the need for monetary integrity. One of the most serious threats to global economic recovery -- aside from inadequate savings -- is protectionism. An important benefit of developing a parallel currency linked to gold is that other countries could likewise permit their own citizens to utilize it. To the extent they did so, a common currency area would be created not subject to the insidious protectionism of sliding exchange rates.

The fiasco of the G-20 meeting in Washington last November -- it was supposed to usher in "the next Bretton Woods" -- suggests that any move toward a new international monetary system based on gold will more likely take place through the grass-roots efforts of Americans. It may already be happening at the state level. Last month, Indiana state Sen. Greg Walker introduced a bill -- "The Indiana Honest Money Act" -- which would, if enacted, allow citizens the option of paying in or receiving back gold, silver or the equivalent electronic receipt as an alternative to Federal Reserve notes for all transactions conducted with the state of Indiana.

It may turn out to be a bellwether. Certainly, it's a sign of a growing feeling in the heartland that we need to go back to sound money. We need money that works for the legitimate producers and consumers of the world -- the savers and borrowers, the entrepreneurs. Not money that works for the chiselers.

Ms. Shelton, an economist, is author of "Money Meltdown: Restoring Order to the Global Currency System" (Free Press, 1994).

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New Hampshire Gold Currency Bill Gains May Pass Next Year

The New Hampshire Gold Currency Bill, narrowly defeated 5 years ago has gained new life with the Ron Paul movement and the Free State project. 40 Free staters are now running for State Congressional Office including Henry Mcelroy, who originally introduced the Gold money Bill 5 years ago. With the collapse of the World Economy due to the use of the Federal Reserve Fiat currency and the rising awareness of the problems with the Fed spurned by Dr. Ron Paul; the New Hampshire Gold currency bill is well positioned to pass in the next year. A parallel Gold-backed currency will cause a flood of investment into New Hampshire setting up the example for the rest of the nation. The Gold currency bill written by Dr. Edwin Vieira can be transferred to any state in the Republic.
Monex is the low-cost gold and Silver retailer. Paul Bea @ monex 800-949-4653 x2172
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