Idaho proposing Silver to be used as Currency

Conspirator
User avatar
Posts: 3733
Joined: Mon Dec 14, 2009 1:32 pm

PostSun Oct 03, 2010 10:20 am » by Illuminated


http://www.morphcity.com/home/84-silver-shines-as-an-economic-solution

Idaho State Representative Phil Hart authored the Idaho State Silver Gem Act earlier this year which allows for the Idaho State Treasurer to issue silver medallions and make them available to the public; people may use them for any purpose they want and will have the option of paying their State taxes with the silver. The benefits of the Silver Gem Act are:

• Silver can be used as an alternative currency, outside of the banking system

• Jobs will be created in the metal refining industry in Idaho

• Silver- and gold- are a protection against inflation for both the public and Idaho State

The Idaho Silver Gem Act serves as a model that other states and local governments can use. If the bill passes, people can use silver with confidence because the government of Idaho will accept it, too. The Idaho Silver gem Act will also help to prevent possible federal precious metal confiscation.

[url="http://www.youtube.com/watch?v=1sI01CwhLEk&feature=player_embedded"]YouTube - Silver Shines as an Economic Solution[/url]

According to G. Edward Griffin, America’s monetary system is based on fiat money, it has no intrinsic value and it is not asset- backed. Federal Reserve notes have value because of government regulations (the Legal Tender laws) that mandate their use under the threat of fine or imprisonment. The Legal Tender laws require people and businesses to accept Federal Reserve notes for payment, if Federal Reserve notes are offered as payment. However, people, businesses and even governments can also accept payment in the form of gold, silver or any other thing of value- they are not tied to accepting only Federal Reserve notes.

Mr. Griffin said that the bankers DO NOT own most of the gold- most of the gold is still in the ground! And even if the bankers did own all of the gold, but the monetary system was based on gold, such a commodity backed money system would prohibit the bankers from using fractional reserves to make loans and collecting interest on money created from nothing, thus limiting their primary stream of income.

Representative Hart’s Idaho Silver Gem Act, fully endorsed by G. Edward Griffin, is a first small step toward a competing currency. Instead of creating sweeping banking reforms Hart’s legislation is practical, incremental and it can be put into place immediately. For example, Georgia had a bill that would have made it mandatory for silver and gold to be used in all State business. Georgia’s bill failed because the implementation of the bill would have been monumental- imagine the difficulty of all businesses and entities trading with Georgia State’s government having to convert all payments into precious metals.

Representative Phil Hart’s Silver Gem Act passed the Idaho House vote (51 to 14) but it died in a Senate committee earlier this year. Two of the senators who were outspoken critics of the legislation were defeated in the 2010 primary election, improving the bill’s chances for next year. The Silver Gem Act is the only competing currency bill to get this far and Phil Hart will re-introduce it again next year if he is re-elected.

http://www.legislature.idaho.gov/legislation/2010/H0633.htm" Click here to read the Idaho Silver Gem Act[/url]

http://hart4legislature.com/ Representative Phil Hart[/url]


[youtube]1sI01CwhLEk&feature=player_embedded"][/youtube]
Restoring Sanity and or Keeping Fear Alive! :wink:

Image

Conspirator
Posts: 3726
Joined: Sat Oct 18, 2008 9:57 pm
Location: Scotland

PostSun Oct 03, 2010 10:48 am » by Muchtyman


illuminated wrote:
http://www.morphcity.com/home/84-silver-shines-as-an-economic-solution

Idaho State Representative Phil Hart authored the Idaho State Silver Gem Act earlier this year which allows for the Idaho State Treasurer to issue silver medallions and make them available to the public; people may use them for any purpose they want and will have the option of paying their State taxes with the silver. The benefits of the Silver Gem Act are:

• Silver can be used as an alternative currency, outside of the banking system

• Jobs will be created in the metal refining industry in Idaho

• Silver- and gold- are a protection against inflation for both the public and Idaho State

The Idaho Silver Gem Act serves as a model that other states and local governments can use. If the bill passes, people can use silver with confidence because the government of Idaho will accept it, too. The Idaho Silver gem Act will also help to prevent possible federal precious metal confiscation.

[url="http://www.youtube.com/watch?v=1sI01CwhLEk&feature=player_embedded"]YouTube - Silver Shines as an Economic Solution[/url]

According to G. Edward Griffin, America’s monetary system is based on fiat money, it has no intrinsic value and it is not asset- backed. Federal Reserve notes have value because of government regulations (the Legal Tender laws) that mandate their use under the threat of fine or imprisonment. The Legal Tender laws require people and businesses to accept Federal Reserve notes for payment, if Federal Reserve notes are offered as payment. However, people, businesses and even governments can also accept payment in the form of gold, silver or any other thing of value- they are not tied to accepting only Federal Reserve notes.

Mr. Griffin said that the bankers DO NOT own most of the gold- most of the gold is still in the ground! And even if the bankers did own all of the gold, but the monetary system was based on gold, such a commodity backed money system would prohibit the bankers from using fractional reserves to make loans and collecting interest on money created from nothing, thus limiting their primary stream of income.

Representative Hart’s Idaho Silver Gem Act, fully endorsed by G. Edward Griffin, is a first small step toward a competing currency. Instead of creating sweeping banking reforms Hart’s legislation is practical, incremental and it can be put into place immediately. For example, Georgia had a bill that would have made it mandatory for silver and gold to be used in all State business. Georgia’s bill failed because the implementation of the bill would have been monumental- imagine the difficulty of all businesses and entities trading with Georgia State’s government having to convert all payments into precious metals.

Representative Phil Hart’s Silver Gem Act passed the Idaho House vote (51 to 14) but it died in a Senate committee earlier this year. Two of the senators who were outspoken critics of the legislation were defeated in the 2010 primary election, improving the bill’s chances for next year. The Silver Gem Act is the only competing currency bill to get this far and Phil Hart will re-introduce it again next year if he is re-elected.

http://www.legislature.idaho.gov/legislation/2010/H0633.htm" Click here to read the Idaho Silver Gem Act[/url]

http://hart4legislature.com/ Representative Phil Hart[/url]


[youtube]1sI01CwhLEk&feature=player_embedded"][/youtube]



Good for him , Unfortunately there is an unlucky precedent for guys that try to do the right thing .

President Abraham Lincoln was assassinated after issuing the Greenback, which was a non-interest-bearing note. President James A. Garfield expressed his concern about currency problems just before his assassination.

On June 4, 1963 President John F. Kennedy signed Executive Order 11110 providing him with the authority "to issue silver certificates against all silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption…" This seems like an attempt to bypass the Federal Reserve System by issuing real, silver-backed money to replace counterfeit Federal Reserve Notes. Kennedy was assassinated on November 22, 1963.

There is a rumor that the "Kennedy silver certificates" were actually printed and that one of the first things President Lyndon B. Johnson did after assuming power was to have the "Kennedy silver certificates" destroyed. In 1964 Johnson, serving as the voice of the Federal Reserve bankers, said, "Silver has become too valuable to be used as money." This amounted to a brazen boast that the bankers would eliminate any money with intrinsic value. On November 22, 1963, the day of Kennedy's funeral, the first 50 million "no-promise" Federal Reserve Notes were released into circulation. The symbolic celebration of the Federal Reserve bankers?



http://www.buildfreedom.com/tl/rape2.shtml



  • Related topics
    Replies
    Views
    Last post
Visit Disclose.tv on Facebook