States Offer Hope in Battle Against the Fed’s Monopoly on Money

It’s easy to think there is no way to ever topple the Fed-controlled U.S. monetary system. But efforts to chip away at the Federal Reserve’s monopoly on money by facilitating and encouraging the use of gold and silver within state borders took some solid steps forward over the last year. An Indian myth offers some symbolic encouragement in what can seem like a battle against overwhelming odds.

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Idaho Committee Passes Bill to Support Sound Money, Undermine Federal Reserve Monopoly

BOISE, Idaho (March 7, 2017) – An Idaho bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency, passed an important House committee last week. Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money.

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Idaho Bill Would Support Sound Money, Undermine Federal Reserve Monopoly

BOISE, Idaho (Feb. 24, 2017) – A bill introduced in the Idaho House would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency. Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money. House Majority Leader Mike Moyle introduced House Bill 206 (H206) on…

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