Awake-In-3D: Can individual States initiate a GCR and Gold-back the US Dollar at the State level? Yes!
Awake in 3D:
Forget America’s Federal-issued Fiat currency - can individual States initiate a GCR and Gold-back the US Dollar at the State level? Yes!
We always hear that the USA is holding up Our GCR, yet
individual States are moving forward with gold and silver legislation.
Can they do this?
The United States Constitution’s Framers (in
1787) were mindful of the hardships brought by continentals, the fiat paper
money issued by the Continental Congress to finance the Revolution.
Notable
Founders — including Thomas Jefferson, George Washington, James Madison, and
Thomas Paine — warned about the ravages of issuing unbacked currency.
That’s why the Constitutional Convention overwhelmingly
embraced gold and silver.
Washington wrote that paper money was “wicked.”
Madison called it “unjust” and “unconstitutional.”
Jefferson wrote that “its [paper money’s] abuses also are
inevitable and, by breaking up the measure of value, makes a lottery of all
private property.”
Following the example envisioned by the Founding Fathers
and described in Article I, Section 10 of the United States Constitution,
states should reaffirm gold and silver as a tender in payment of debts.
Article I, Section 10 of the United States Constitution:
“No State shall … coin Money; emit Bills of Credit; make
any Thing but gold and silver Coin a Tender in Payment of Debts …”
That’s why sound money activists are launching exciting
initiatives at the state level to challenge the monetary monopoly of the Fed.
From Alabama to Wyoming, states across the U.S. continue to pass legislation to
eliminate taxes on gold and silver, establish in-state depositories, protect
state taxpayer funds with sound money, and more.