Sunday, December 27, 2009

State considers return to gold, silver dollars

State considers return to gold, silver dollars
Proposed bill slams Fed, allows payments in precious metals

By Drew Zahn
© 2009 WorldNetDaily

A bill being considered in the Montana Legislature blasts the Federal Reserve’s role in America’s money policy and permits the state to conduct business in gold and silver instead of the Fed’s legal tender notes.

Montana H.B. 639, sponsored by State Rep. Bob Wagner, R-Harrison, doesn’t require the state or citizens to conduct business in gold or silver, but it does require the state to calculate certain transactions in both the current legal tender system and in an electronic gold currency. It further mandates that the state must accept payments in gold or silver for various fees and purchases.

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