The Tenther Grapevine
Introduced by Rep. Lenore Barrett in the Idaho State House yesterday is House Bill 622 (H0622), the Constitutional Tender Act. If passed, the act would make law that:
the state shall neither compel nor require any person to recognize, receive, pay out, deliver, promise to pay or otherwise use or employ any thing but gold and silver coin, in that form or in the form of a designated electronic ounce defined as and absolutely payable in a specified weight of specie, and convertible on demand into gold and silver coin through a specie exchange, as media of exchange
The United States Constitution declares, in Article I, Section 10, “No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.” State-Level Constitutional Tender laws seek to nullify federal legal tender laws in the state by authorizing payment in gold and silver, electronic currency, or a paper note backed 100% by gold or silver.
The intent of the bill is to prevent government supply and demand manipulation of the Idaho citizen’s money by providing an alternative tender administered by the citizens of Idaho. The Act preserves the individual’s freedom of choice to continue with Federal Reserve Notes, or adopt Idaho Constitutional Tender, effectively nullifying federal laws currently preventing this kind of exchange within the state.
“Constitutional Tender” bills have been introduced in six other states in the past year – most recently, South Carolina.
CLICK HERE – to view the Tenth Amendment Center’s Constitutional Tender Legislative Tracking Page
Michael Boldin [send him email] is the founder of the Tenth Amendment Center. He was raised in Milwaukee, WI, and currently resides in Los Angeles, CA. Follow him on twitter - @michaelboldin - and visit his personal blog - www.michaelboldin.com
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Lenore Barret is a people's politician. Everyone hopes she never leaves office. This is a reflection of her usual good work. Yay for her. (No, I ain't a relative.)
Interesting move, not sure how positive it is though..
www.txminuteman.org
Michael:
This is great news, and long overdue. It's been observed that
'Good money drives out bad money.' Of course, the converse is true; "Bad Money (fiat Federal Reserve Notes) HAS driven out good money.' - in our lifetimes.
Sounds like that is about to change in Idaho and other states. It's reasonable to expect more investment & capital to be attracted to such states as Investors sense a safer & more stable harbor for their investment capital.
It is also a great incentive for new business to relocate to that state. May this be the death knell for Fiat Currency (paper or electronic money backed by nothing - zip - nada) - but the 'good faith & credit of the US Government, rapidly becoming a global bad joke.
State based Constituional Tender Law to the Federal Reserve, will be like a cross to a vampire.
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[...] the state shall neither compel nor require any person to recognize, receive, pay out, deliver, promise to pay or otherwise use or employ any thing but gold and silver coin, in that form or in the form of a designated electronic ounce defined as and absolutely payable in a specified weight of specie, and convertible on demand into gold and silver coin through a specie exchange, as media of exchange Idaho to Consider Constitutional Tender Legislation|Tenth Amendment Center Blog [...]
[...] Idaho to consider a constitutional legal tender act. [...]