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Sound Money at the State Level

-- Posted Friday, 13 February 2009 | | Source:

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:

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:


House Sponsorship: Lambert

Senate Sponsorship: Lundberg

01/29/2009 Introduced In House

PDF of bill:

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:

Missouri House of Representatives Site:

Georgia’s bill is HB-430 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 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:

04/4/2003 Nevada result:

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.

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.

Thank you,

Oz (GoldSeek Reader)

-- Posted Friday, 13 February 2009 | Digg This Article | Source:


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