-- Posted Friday, 13 February 2009 | | Source: GoldSeek.com
Here is a list of 6 states (4 in the last month) and (2 states today) that have pending legislation to authorize the use of gold and silver to settle debts with its citizens and to provide them the legal means to avoid the devaluing of the dollar by having a parallel currency in light of massive bailouts and to protect them in the event of the dollars failure.
New Hampshire (they started this in 2003)
Bill currently mired in their State Legislator’s Commerce Committee: http://www.goldmoneybill.org/goldbill.pdf
Indiana Senate Bill 0453 Authors: Walker, Kruse
Date Chamber Action
01/14/2009 S Authored by Senator Walker
01/14/2009 S First reading: referred to Committee on Tax and Fiscal Policy
01/27/2009 S Senator Kruse added as coauthor
Current version: http://www.in.gov/legislative/bills/2009/PDF/IN/IN0453.1.pdf
Colorado House Bill 09-1206 (CONCERNING AN ELECTRONIC CURRENCY BACKED BY RESERVES OF PRECIOUS METALS)
House Sponsorship: Lambert
Senate Sponsorship: Lundberg
01/29/2009 Introduced In House
PDF of bill: http://www.leg.state.co.us/clics/clics2009a/csl.nsf/fsbillcont/107A082F6E9A3E098725753E005BDC18?Open&file=1206_01.pdf
Missouri House Bill No. 561 (creates provisions relating to the use of gold and silver by state and local government)
Sponsor: Jim Guest
CoSponsor: Doug Funderburk
2/2/09 Introduced and read first time.
2/3/2009 Read second time
Proposed effective date: 08/28/2009
PDF of bill: http://www.house.mo.gov/billtracking/bills091/billpdf/intro/HB0561I.PDF
Missouri House of Representatives Site: http://www.house.mo.gov/content.aspx?info=/bills091/bills/hb561.htm
Georgia’s bill is HB-430 http://www.legis.state.ga.us/legis/2009_10/sum/hb430.htm and this link should become active Tuesday February 17th 2009 when they are in session again at 9:00 am.
Maryland’s House Joint Resolution 5 (HJR5) can be found at http://mlis.state.md.us/2009rs/billfile/HJ0005.htm the wording is not up yet but it already has 14 sponsors.
Nevada (bill failed but included to show the reason why it failed)
03/24/2003 Nevada attempt: http://www.leg.state.nv.us/72nd/bills/ab/ab532.html
04/4/2003 Nevada result: http://www.leg.state.nv.us/72nd/Exhibits/Assembly/CA/ACA4041I.pdf
The mistake Nevada made was that they were going to "coin" money. Current attempts revolve around using coin and bullion issued by others as currency.
Article 1 section 10 of the United States Constitution reads as follows:
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. http://www.archives.gov/exhibits/charters/constitution_transcript.html
Currently State Legislation Bills focus on the fact that the US Constitution demands that they may not "make any Thing but gold and silver Coin a Tender in Payment of Debts" without being in direct violation of the constitution.
Just imagine a world that has real money again instead of debt instruments. I also wonder what this will mean to the pricing and demand of precious metals.
Please add to this list if you hear of additional legislation and pass this on so the general public can be aware that some elected officials are looking out for their interests and they can support these brave politicians.
Oz (GoldSeek Reader)
-- Posted Friday, 13 February 2009 | Digg This Article | Source: GoldSeek.com