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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="fatima, post: 1365740, member: 22143"]I'm familiar with that 2003 case. I think that Mr. Kahre had a perfectly valid argument but the IRS and associated agencies decided to provide their own interpretation and came down on him hard <u>without</u> letting him have his day in court first. He didn't have a chance and the case was never decided on Constitutional bounds. </p><p><br /></p><p>I think if there was ANY alternative currency system in the USA, and the people permitted allowed to use it, then I think you would see droves of people moving towards it. Of course this will never be allowed to happen because it strikes right at the heart of the Federal Reserve system. It's why they came down hard on Mr. Kahre and why they squashed the Liberty dollar as they did. i don't think the amount of physical gold is an issue. In a gold backed currency, there can be paper & digital currency but the key is that a exchange rate is set, and it can't change unless the real economy grows. </p><p><br /></p><p>The SHTF scenario is coming whether they like it or not and regardless what happens with gold being picked up as an alternative currency. This is why the states are starting to prepare for it.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1365740, member: 22143"]I'm familiar with that 2003 case. I think that Mr. Kahre had a perfectly valid argument but the IRS and associated agencies decided to provide their own interpretation and came down on him hard [U]without[/U] letting him have his day in court first. He didn't have a chance and the case was never decided on Constitutional bounds. I think if there was ANY alternative currency system in the USA, and the people permitted allowed to use it, then I think you would see droves of people moving towards it. Of course this will never be allowed to happen because it strikes right at the heart of the Federal Reserve system. It's why they came down hard on Mr. Kahre and why they squashed the Liberty dollar as they did. i don't think the amount of physical gold is an issue. In a gold backed currency, there can be paper & digital currency but the key is that a exchange rate is set, and it can't change unless the real economy grows. The SHTF scenario is coming whether they like it or not and regardless what happens with gold being picked up as an alternative currency. This is why the states are starting to prepare for it.[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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