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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="webomatic, post: 1424802, member: 37577"]I read through much of this thread and got burned out on a lot of the misread assumptions some may have concluded to in this State House Bill. I'll try to clear up what his written in this HB. </p><p><br /></p><p><br /></p><p><br /></p><p>Not meaning they will produce currency. Meaning it will be accepted as currency. Read it slow :yes:</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Meaning people will have a choice between gold, silver, or fiat paper.</p><p><br /></p><p><br /></p><p><br /></p><p>...and the choice to accept gold or silver over fiat paper</p><p><br /></p><p><br /></p><p><br /></p><p><u><b>This doesn't mean they can mint money. This is reinforcing the term "make use"</b></u></p><p><br /></p><p><br /></p><p><br /></p><p>Lines 21 to 34 outlines the gold and silver accepted. Please don't confuse the word state. Line 30 is implying foreign gold and silver. Not every foreign local is a country, some are indeed states.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>That's how the monetary value of gold and silver will be determined. NO FACE VALUE</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>And these are the reasons why Legislators have created this House Bill.</p><p><br /></p><p>I hope this cleared any misunderstandings up.</p><p><br /></p><p><br /></p><p>Cheers,</p><p>Webo[/QUOTE]</p><p><br /></p>
[QUOTE="webomatic, post: 1424802, member: 37577"]I read through much of this thread and got burned out on a lot of the misread assumptions some may have concluded to in this State House Bill. I'll try to clear up what his written in this HB. Not meaning they will produce currency. Meaning it will be accepted as currency. Read it slow :yes: Meaning people will have a choice between gold, silver, or fiat paper. ...and the choice to accept gold or silver over fiat paper [U][B]This doesn't mean they can mint money. This is reinforcing the term "make use"[/B][/U] Lines 21 to 34 outlines the gold and silver accepted. Please don't confuse the word state. Line 30 is implying foreign gold and silver. Not every foreign local is a country, some are indeed states. That's how the monetary value of gold and silver will be determined. NO FACE VALUE And these are the reasons why Legislators have created this House Bill. I hope this cleared any misunderstandings up. Cheers, Webo[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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