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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="InfleXion, post: 1363784, member: 29012"]ctrl, if you substitute the word 'except' for the word 'but' it makes more sense what some of us are getting at. </p><p><br /></p><p>Regarding: </p><p><br /></p><p>"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility" </p><p><br /></p><p>It is not saying that states can't coin money. It is basically going through the list of all types of money, debt, payment methods, contractual agreements, etc. that might possibly be in the realm of a debt obligation, and then it says they can't create or enter into any of these things but (except for) gold and silver as payment of debts. The language is specifically calling out gold and silver as the only acceptable recourse for debt repayment by the states.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1363784, member: 29012"]ctrl, if you substitute the word 'except' for the word 'but' it makes more sense what some of us are getting at. Regarding: "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility" It is not saying that states can't coin money. It is basically going through the list of all types of money, debt, payment methods, contractual agreements, etc. that might possibly be in the realm of a debt obligation, and then it says they can't create or enter into any of these things but (except for) gold and silver as payment of debts. The language is specifically calling out gold and silver as the only acceptable recourse for debt repayment by the states.[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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