Dear Friends of Constitutional Tender,
This week, HISTORY WAS MADE. And we have patriots like YOU to thank for it, because YOU took the time to demand that legislators LISTEN.
Now, we have another quick task to do -- which we'll tell you in a moment.
This week, testimony was given at the Georgia House combined Financial Institutions & Services Subcommittee / Regulations & Oversight Subcommittee hearing on HB 430, the "Constitutional Tender Act". Testimony in favor of the bill was given by Rep. Bobby Franklin, Bill Greene, Aaron Krowne, Sean Mangieri, Jesse Bickel, and Franklin Sanders.
View the testimonies here:
The witnesses testified and explained to the Members of these Banks and Banking Committee subcommittees the absolute requirement of the U.S. Constitution for the State of Georgia to ONLY use gold and silver coins in its transactions, and a dialogue was begun in the best MEANS by which this should be done. The bureaucrats and banking lobbyists were concerned with cost, efficiency, and change, but it was apparent that they had not read the bill thoroughly or with an open mind, and especially had not read the FAQ on the ConstitutionalTender.com website.
These experts and Rep. Franklin explained to the Members the need to shift away from our fiat money system, and into a sound money system. The hyperinflationary end of various countries' fiat money was explained. The fallacies of fractional reserve banking was shown, and how the system robs the inherent wealth of the American citizens. The likely complete devaluation of Federal Reserve Notes, and thus the need for Georgia to protect its citizens via returning to Constitutional Tender, was also explained.
Testimony in opposition to the bill was given by a state bureaucrat and two banking industry lobbyists. Dan Ebersole, Director of the Georgia Office of Treasury and Fiscal Services, worried that the State would have to start storing physical gold and silver right there in their office, and he'd have to have a bodyguard wherever he went. The question, of course, is why would it have to store the gold physically, if we are already dictating that depositary banks will have to have the appropriate gold/silver backed accounts? Do they have to store physical Federal Reserve Notes right there in their office, too?
Mr. Ebersole also worried that he would have a hard time investing the State's money if we went back to using Constitutional tender. What he doesn't seem to understand is that, as the value of FRNs drops like a base-metal balloon, all that fiat money he has so "wisely" invested will be GONE -- and the people of this State will want to know just WHO is responsible.
The two banking industry lobbyists, Joe Brannen of the Georgia Bankers Association and Steven D. Bridges of the Community Bankers Association of Georgia, were worried that they'd have to change the way they do business. They might have to convert FRNs to real money; they might have to store gold and silver in vaults; they might have to hire bank security; they might have to initiate electronic transactions...
In other words, as one of our folks remarked, it was largely a puerile dodge, where they pretended like we were demanding they go back to pre-19th century money handling, where there aren't even banks and so every transaction consists of gold coin being moved around. They then made a straw man out of that. In reality, we are merely establishing gold coin as a standard backing for electronic money in the manner of the current banking system.
Overall, our folks -- simply citizens of the Sovereign State of Georgia, not bureaucratic wonks or paid lobbyists -- made stunningly adept & forceful presentations. Yes, there was at least one legislator that left in a red-faced huff, remarking that he wasn't going to "waste his time" listening to this stuff; but it was just as clear that many eyes were opened that day, and it seems that several legislators were actually swayed by the sound argumentation.
So, I repeat: HISTORY WAS MADE.
But our work is FAR from over.
You see, with only one week left in this particular session of the Georgia legislature, we won't be able to get a vote on HB 430 yet. It will still be alive (GOOD NEWS!); but in order for the bill to continue to move forward, we need for the next important step to take place:
The LEADERS of the Georgia House of Representatives MUST hear from the people about how IMPORTANT this bill is, and WHY it needs to be considered by the ENTIRE House next session!
So, fellow Constitutionalists, we need to TAKE ACTION AGAIN! Here's how:
THANK YOU SO MUCH -- it's because of people like YOU, who are willing to take a few minutes of your valuable time to do something like this, that this bill has moved further through the General Assembly than we EVER thought it would this year! We CAN get it even further over the next few months! :-)
LET'S ROLL! -- http://www.ConstitutionalTender.com/ -- click on "FAQ"
(Please email firstname.lastname@example.org if any of these contacts don't work)
PLEASE REMEMBER - BE NICE IN YOUR MESSAGES AND CONVERSATIONS!
Rep. Glenn Richardson, Speaker of the House
Room 332 State Capitol
Atlanta, Georgia 30334
PO Box 1750
Hiram, GA 30141
Rep. Jay Roberts, Chairman of the Majority Caucus
415 State Capitol
Atlanta, GA 30334
767 Brushy Creek Road
Ocilla, GA 31774