Posted on the AOCS Direct blog, from the American Open Currency Standard
Feb. 1, 2010
Executive Summary – Well this wasn’t hard to see coming. The states are scared of the Fed. The big threat is the Fed declares martial law and closes the state governments making them irrelevant. The states in fear for their own governments existence are passing states rights bills. These basically go back to the constitution reasserting that the states created the Federal Government. The constitution clearly lists the rights the Federal Government has and clearly states any other rights belong to the states. Unless specifically prohibited to the states.
Gold & Silver Money – The states doing this to date are as follows with the respective bill numbers which you can look up yourself:
Indiana S.B. 453 Colorado H.B. 09-1206 Missouri H.B. 0561 Georgia H.B. 430 Maryland H.J.R. 5
None of these bills has yet passed. They basically are saying the state has to operate based on gold and silver. They also say the banking system has to allow people to operate using gold or silver. I believe using a paper note backed 100% by gold or silver would be allowed.
Some of the bills also talk of electronic representation of actual gold or silver. They are talking 100% backed currency, not partial fiat money and the electronic aspects would enable bank to bank electronic transfers of this god and silver money.
Discussion – Reading between the lines what you get is citizens will be able to bank and conduct commerce in gold and silver. States will have to do so. I think there would be a marked preference for gold and silver and many merchants would not want to take federal reserve fiat notes or if they did take them at much higher prices. It is a back door to a solid constitutional monetary system. It is also a sign of the states getting ready to break away.
To secede the states need a monetary system and banking system that is not dependent on using the federal reserve fiat notes backed by nothing at all. They will arrange for bank-to-bank transfer of gold and silver electronically. Exactly how remains to be seen but the virtual currency guys have been doing it for ten years.
Curious how birth certificate free Obama stays away from even mentioning states rights. He sure is working overtime to get control measures passed by any means he can conjure up. Funny with all the homeless, out of work folks, people without healthcare, businesses failing he should chose to make gun control a priority. What’s wrong with this picture.
If the states rights every gets legs and either controls the Fed or the states secede and form new countries the people should know that is was the vast gun ownership and shooting skills in the USA that kept the Fed from just asserting martial law and turning the country into a real nightmare. Have you ever seen a anti-gun politician who is also against high taxes?
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