States are Moving to Abolish Federal Fiat Currency
By GCRU Gold News on Sunday, February 19 2017, 01:50 - Permalink
Spearheaded by legislative efforts in Utah, Texas, and Oklahoma, a substantial number of states have undertaken efforts to reinstitute gold and silver as money (according to the hyperlink-based sources, 24 have made efforts). Numerous states are increasingly concerned about the nation’s Fed-based fiat monetary system, which debases the dollar, enables protracted, yawning deficit spending and trade deficits, and runs up huge, unpayable debts. With Utah, Texas, and Oklahoma blazing a trail back to constitutional money, states such as Louisiana, Arizona, South Carolina, and Kansas have been inspired to once again make gold and silver legal tender with which to conduct commerce in their jurisdictions.
They are trying to bring back what the Constitution dictates for states in terms of permissible tender (money): “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts;” (Article 1, Section 10 of the Constitution).