[MINEWEB] Arizona could soon become the second U.S. state to recognize gold and silver as legal tender if the Arizona House approves SB 1439. They're gonna need to put up charts converting dollars to ounces, updated daily.
The bill has already won the approval of Arizona's State Senate and the Arizona House Financial Institutions Committee which voted the legislation out of committee on a 4-2 vote Monday. The measure now goes to a vote of the Arizona House.
Thus far, only the State of Utah has officially recognized gold and silver as legal tender, although the issue has been under consideration this year in four states including Arizona. The Arizona bill defines legal tender as a mode of paying debts and taxes.
The measure also states that any coin or bullion that has gold or silver content and is issued by the United States Government can be defined as legal tender. However, no one can be compelled to accept coin or bullion containing gold or silver. The measure would also mandate that coin or bullion containing gold or silver issued by the U.S. Government cannot be taxed as property since it is to be considered money.
Posted by: Fred ||
03/22/2013 00:00 ||
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#1
Wot's wrong with using Bitcoin?
My little investment is up 30% in the last 3 days and 300% in the last 18 months. Sure beats gold, silver or Central Bank ponzi currency.
No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything 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.
..but hey, its a two hundred year old document written by a bunch of old white men that really doesn't apply today /sarc off
#7
make anything but gold and silver coin a tender in payment of debts
So does that mean Louisiana has to pay me my income tax refund in gold or silver coin?
#9
...pay me my income tax refund in gold or silver coin?
They got around that for quite a while with 'silver certificates', and then chose not to enforce the provision [you know, like immigration control] when they shifted to federal reserve notes. See Coinage Act of 1965
#10
Bitcoin: the problem is spending it.
Not really MM. BitCoin is both a store of value and a means of payment. Simply sell whatever number of BC's into the currency you are using and use that for local purchases.
"They refuse to let us know what is going on, so I don't really have an answer for that. Multiple members of Congress are asking those questions," he added.
"It comes down to during the budget process, during the appropriations process, are we willing to hold DHS's feet to the fire?"
"We're going to find out... I say we don't fund them 'til we get an answer. Those type of things really challenge Americans. They are worried about this administration," Huelscamp urged.
Posted by: Barbara ||
03/22/2013 9:14 Comments ||
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#6
1.6 billion rounds, enough for a 20 year war. Only hitch is hollow points are banned by the Geneva convention, can give it to the military. Their only use can be by DHS against Americans.
Posted by: 49 Pan ||
03/22/2013 9:23 Comments ||
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#7
"can't give it to the military." Sorry for the spelling error.
Posted by: 49 Pan ||
03/22/2013 9:24 Comments ||
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#8
Oh, by the way, thats 10,667 rounds per DHS employee... Not bad.
Posted by: 49 Pan ||
03/22/2013 9:28 Comments ||
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#9
And now the cheapest ammo, .22 LR, is 30 cents per round, if you can find it, so this is at least $3000 per employee.
Only problem is that government explicitly denies any such large purchases - prove they're lying.
Alternative explanation is a hyped shortage motivates panic buying, which generates real shortage, which creates huge profits along the distribution chain (remember the gasoline crises of the 1970's?)
#12
I never liked this woman. I remember when she was governor of Arizona and attempting to block state legislation aimed at keeping a lid illegal immigration. That old fool McCain was with her on that one. Didn't get to see her picture back then so I never realized how ugly she is until she went to work for O'Bummer. Ugly in more ways than one.
How dare she refuse to answer a legitimate question from Congress. They should hold her in contempt. Can they impeach her?
#17
Does DHS have a secret army hidden in the desert somewhere like the Clone army in Starwars?
Who is going to use all of that stuff.
The various law enforcement agencies are screaming bloody murder about the inablility to buy ammo, so I guess when civil peace breaks down the private army can declare martial law and take over law enforcement.
Posted by: Bill Clinton ||
03/22/2013 17:04 Comments ||
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#18
DHS. Give the ammunition you are hoarding to our law enforcement agencies. NOW.
That'd save a heckuva a lot of money. Make the Border Patrol another branch of the military and tell the rest of them, most particularly Ms. Napolitano, to go on home. Before 9/11 we were doing fine without them and I don't feel any safer now.
#22
Control, Baby! Z>imbabwe here you come with a difference, confiscate the ammo if you canät confiscate the guns. Makes for a defenceless population, using stones and pebbles in their rifles, as in the First civil War.
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