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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="C Jay, post: 1365453, member: 13184"]OK, Section 8 of the Constitution (Powers of Congress); "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures"</p><p><br /></p><p>Currently gold is $42.2222 an ounce and is coined at $50.00. Everything else is speculation. <a href="http://www.fms.treas.gov/gold/index.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.fms.treas.gov/gold/index.html" rel="nofollow">http://www.fms.treas.gov/gold/index.html</a></p><p><br /></p><p>Section 10 of the Constitution (Limitation of State Powers); No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; <u>coin Money</u>; emit Bills of Credit; <u>make any Thing but gold and silver Coin a Tender in Payment of Debts</u>; 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>So the states are just restating the Constitution.</p><p><br /></p><p>Tell me how does this work? Do I owe my state 27 ounces of gold just for property tax this year? Even if congress revalues gold and silver, how is there enough to run the economy? Even when the gold standard was in full force, part and parcel of it were such fine institutions like script and the company store. Will my paycheck turn into a debit card to Walmart?</p><p><br /></p><p>Maybe we should change the constitution? I'm a big fan of the first 10 and the 13th, not to hot about the 12th or 17th change.[/QUOTE]</p><p><br /></p>
[QUOTE="C Jay, post: 1365453, member: 13184"]OK, Section 8 of the Constitution (Powers of Congress); "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures" Currently gold is $42.2222 an ounce and is coined at $50.00. Everything else is speculation. [URL]http://www.fms.treas.gov/gold/index.html[/URL] Section 10 of the Constitution (Limitation of State Powers); No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; [U]coin Money[/U]; emit Bills of Credit; [U]make any Thing but gold and silver Coin a Tender in Payment of Debts[/U]; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. So the states are just restating the Constitution. Tell me how does this work? Do I owe my state 27 ounces of gold just for property tax this year? Even if congress revalues gold and silver, how is there enough to run the economy? Even when the gold standard was in full force, part and parcel of it were such fine institutions like script and the company store. Will my paycheck turn into a debit card to Walmart? Maybe we should change the constitution? I'm a big fan of the first 10 and the 13th, not to hot about the 12th or 17th change.[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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