Utah becomes first state to legalise gold and silver as currency

[Anchor]

'The dollar is as good as gold': Utah becomes first state to legalise gold and silver as currency

http://www.dailymail.co.uk/news/arti...-currency.html

Crossing someone's palm with gold or silver could soon become more than just a figure of speech.

It has already become a reality in one state as Utah legislators became the first in the country this month to legalise gold and silver coins as currency.

The law will also exempt the sale of the coins from state capital gains taxes.
Riches: Utah legislators passed the bill to have gold and silver as a legal currency again as they believe Americans are losing faith in the dollar

Riches: Utah legislators passed the bill to have gold and silver as a legal currency again as they believe Americans are losing faith in the dollar

Craig Franco hopes to cash in on it with his Utah Gold and Silver Depository, and he thinks others will soon follow.

The idea is simple: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings.

He plans to open for business June 1, likely the first of its kind in the country.

He said: 'Because we're dealing with something so forward thinking, I expect a wait-and-see attitude. Once the depository is executed and transactions can occur, then I think people will move into the marketplace.'

The idea was spawned by Republican state Republican Brad Galvez, who sponsored the bill largely to serve as a protest against Federal Reserve monetary policy.

Mr Galvez says Americans are losing faith in the dollar. If you're mad about government debt, ditch the cash. Spend your gold and silver, he says.

[nearing]

Posted by Anchor (here)
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The idea is simple: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings.

I think this is the system we used to have in the US before the bankers started the Federal Reserve.

[Lord Sidious]

Ok, well they will be in trouble.
This is an ultra vires act as the constitution gives the right to coin money to the feds.
Even if this was for internal use, ie within the state, the regulation of commerce is a federal area of control.
Heads will roll over this.

[nearing]

Posted by Lord Sidious (here)
Ok, well they will be in trouble.
This is an ultra vires act as the constitution gives the right to coin money to the feds.
Even if this was for internal use, ie within the state, the regulation of commerce is a federal area of control.
Heads will roll over this.

Ought to be interesting to watch then!

[Anchor]

Indeed - but as a catalyst for exposing something rotten - it is perfect.

[sygh]

Posted by Lord Sidious (here)
Ok, well they will be in trouble.
This is an ultra vires act as the constitution gives the right to coin money to the feds.
Even if this was for internal use, ie within the state, the regulation of commerce is a federal area of control.
Heads will roll over this.

There may be a loophole:

"Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency."

[Warlock]

The idea is simple: Store your gold and silver coins in a vault, and Franco issues a debit-like card to make purchases backed by your holdings.

Who is going to be guarding the vault?

Warlock

[Nanoo Nanoo]

my question is why do they need to legalise it ? we should just do as we please , we never really signed a pact with any one concerning our currency. I trade silver with like minded people all the time for goods and services. I gave myself permission to do so. I took my power and gave myself permission to go ahead and do as i please. Thats is the freedom we all have.

take your freedom and use it, use it for peace and living well. Once we actually grasp this concept we can then change the typography of the playing field.

N
N

[Seikou-Kishi]

Posted by Lord Sidious (here)
Ok, well they will be in trouble.
This is an ultra vires act as the constitution gives the right to coin money to the feds.
Even if this was for internal use, ie within the state, the regulation of commerce is a federal area of control.
Heads will roll over this.

My law teacher always used to pronounce that "ultra virus" lol. Illiterate ingrate that he was lol :D

[christian]

Posted by Lord Sidious (here)
the constitution gives the right to coin money to the feds.
Heads will roll over this.

Who issues the currency now?
The private Federal Reserve.
What does the constitution say about that?
Congress should, Article 1, Section 8.

What is the dollar backed with?
Nothing.
What does the constitution say about that?
Gold and Silver, Article 1, Section 10.

How many heads rolled over this?

Isn't it reasonable, to fight a criminal government? This is the essence of the moral authority of this new legislature, I think.

This is an over-simplification of the legal background, because many new legislature was superimposed on the original law, but all this is just a facade, to make something appear legal which is not. The majority of contemporary legislature in the US is based on unconstitutional phony laws, I figure.

[Lord Sidious]

Ok, let's look at the laws you speak of.

Posted by US Constitution
Section 8 - Powers of Congress

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

To establish Post Offices and Post Roads;

To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;

To constitute Tribunals inferior to the supreme Court;

To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations;

To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;

To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;

To provide and maintain a Navy;

To make Rules for the Government and Regulation of the land and naval Forces;

To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;

To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;

To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings; And

To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

Ok, it says they have the power to coin money, where does it say they CAN'T assign that power to another body?
It doesn't and that is the problem.

Posted by US Constitution
Section 10 - Powers prohibited of States

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it's inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Controul of the Congress.

No State shall, without the Consent of Congress, lay any duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay.

See this one? This is why the state act is ultra vires, they claim a power that is exclusive to the feds.

[christian]

Posted by Lord Sidious (here)
Ok, it says they have the power to coin money, where does it say they CAN'T assign that power to another body?

Therefore just anything could be outsourced, by common sense that was surely not the intent in the first place and leads the whole purpose of these laws ad absurdum.

The congress is supposed to have to the power to issue the currency, but doesn't have it when it's outsourced, therefore they are breaking the law, saying it's still in their power because they outsourced it, is like me saying, I still got control over a gun after I gave it to someone else.

[Lord Sidious]

Posted by chiquetet (here)

Posted by Lord Sidious (here)
Ok, it says they have the power to coin money, where does it say they CAN'T assign that power to another body?

Therefore just anything could be outsourced, by common sense that was surely not the intent in the first place and leads the whole purpose of these laws ad absurdum.

The congress is supposed to have to the power to issue the currency, but doesn't have it when it's outsourced, therefore they are breaking the law, saying it's still in their power because they outsourced it, is like me saying, I still got control over a gun after I gave it to someone else.

That isn't how law works.
With the common law countries, everything is allowed except that which is specifically written.
If it is not specifically forbidden, it is taken that it is allowed.
The thing is, they DO have control over the currency IF the federal reserve can have their permission revoked.
An agency is considered to be like that.