indianahonestmoney.com — State Senator Greg Walker has officially filed a Bill that would allow Indiana to offer its citizens a choice of Gold (and Silver) coin or the Electronic equivalentin payable and receivable transactions with the state. This bold bill will finally bring Indiana back into conformance with the US Constitution: No state shall makeanything but gold.
Jan 15, 2009 View in Crawl 4
freedomsfireJan 15, 2009
"No state shall ... use anything but gold and silver coin as a tender in payment of debts" - US Constitution; Article 1 Section 10
ymegJan 16, 2009
no
trekhawkJan 16, 2009
But gold has an intrinsic value. The denim paper is printed on, not so much.
merrebornJan 16, 2009
"Nobody can "make" more gold, other than by mining it."Which they do. And discoveries of large veins can seriously devalue existing stores.Also, it *is* possible for governments to alter the value of gold-based currency. If a paper currency "backed" by gold is used, governments can simply alter the exchange rate (and they have). If actual gold coinage is used, governments short on gold have been known to reduce the purity of the coins they minted.If you can't trust the government to not print more money, how can you trust it to mint pure gold coins?
richmomzJan 16, 2009
It's pretty sad that legislators have to introduce a bill for something that's clearly mandated in the Constitution.
freedomsfireJan 16, 2009
If you have Mr Wizard's Way Back machine, and you could go to any place in the world at any point in time, and you took a $20 Federal Reserve Note, you would have a worthless piece of paper as soon as you leave the construct of the American system. If you take a $20 gold piece, you have money. It is somehow an element of human nature for people to consider gold, silver and precious metals as valuable and money. Whether it's the ancient Mayans or the Romans or the Egyptians, or the Greeks,or the Chinese, or anywhere else, if you have gold, you have money. Paper is inherently worthless. Imagine you can go to a car dealer and pay for a car with a raw commodity. How much paper would you need to give the dealer $20,000 worth? A truckload? Several truckloads? Now how much gold? Less than 2 pounds. The only reason paper money has value is because of what is printed on it, and because the government forces you to accept it. Precious metals require no such force.
Closed AccountJan 16, 2009
Gold's only worth is what we, as a society decides it to be. In reality, it is no different then any other metal.
Closed AccountJan 16, 2009
$100 bill is worth $100, no matter how much is printed. The rest is all numbers bulls**t.
Closed AccountJan 17, 2009
And...this is precisely what the FED has doneThe FED is a private banking cartel that holds a monopoly on counterfeiting. It has debased our currency 98% since 1913....and besides that it is NOT CONSTITUTIONAL.