Ron Paul produced a video message urging Wyoming residents to contact Gov. Matt Mead and urge him to sign a bill that would define gold and silver specie as legal tender and eliminate all taxes levied on it. Paul said the legislation “has a great deal of significance.”
Titled the Wyoming Legal Tender Act, House Bill 103 (HB103) defines gold and silver specie as “legal tender,” meaning it would be recognized as a medium of exchange for the payment of debts and taxes in the state. Practically speaking, gold and silver specie would be treated as money, putting it on par with Federal Reserve notes in Wyoming.
If Mead signs the bill into law, it will pave the way for the use of gold and silver in everyday transactions and could help undermine the Federal Reserve’s monopoly on money.
Paul said the bill isn’t even doing anything new. It simply takes a step toward aligning the state with the U.S. Constitution.
“The states are supposed to use only gold and silver as legal tender. It’s as simple as that.”
Paul noted that things move agonizingly slow in Washington D.C. Passing bills like this at the state level are an important step toward real monetary reform.
“It’s just to me sad that we are so far removed from the Constitution. But a little bit here and a little bit there, there is going to be a revolution in monetary policy.”
Paul emphasized that monetary reform is an important step toward reducing the power of the federal government.
“Believe me, the size and scope and interference of government would change a whole lot if we could rein in the monetary system, rein in the Federal Reserve and rein in this spending.”
Paul said the big thing now is to convince the governor to sign HB103 into law.
If you live in Wyoming, contact Gov. Mead at 307-777-7434 and ask him politely but firmly to sign HB103 into law.
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