Thursday, February 24, 2011

"Constitutional Tender Act assigned to Financial Institutions subcommittee"


On Tuesday, February 22, 2011, the Constitutional Tender Act (HB 3) was assigned to the Banks and Banking Committee's "Financial Institutions" subcommittee, "to have a hearing" (quote from committee Chairman Morris - see video below). Please contact subcommittee Chairman Tom Weldon and ask him to hold a hearing on this bill right away!

Phone: 404-656-0152
Fax: 706-965-4011
Address: 401 Coverdell Legislative Office Building, Atlanta, Georgia 30334

Tuesday, February 22, 2011

"Two more small Georgia banks fail"

This CAN be halted. Call your GA State Legislator today, tell them to PASS HB 3 and SB 116 - bills that will SAVE the banking industry in Georgia, and protect ALL of the people's money.

Two more Georgia banks were closed Friday, including one with offices in Flowery Branch and Canton.

Clarkesville-based Habersham Bank, founded in 1904 in the North Georgia mountains, was seized and sold to SCBT of Orangeburg, S.C., the Federal Deposit Insurance Corp. said.

Citizens Bank of Effingham in Springfield, near Savannah, was acquired by Albany's HeritageBank of the South.

Six banks have failed in Georgia so far this year. A nation-leading 57 banks have failed in Georgia since mid-2008.

Regulators appear to be stepping up the pace of failures to start 2011. Georgia didn’t reach six failures in 2010 until late March.


"The Gold Standard Now" Website

Great new website, which Ralph Benko contributes to. The day approaches!

Welcome to The Lehrman Institute's which offers clear and authoritative information about the gold standard. Here you will find out what the gold standard is (and isn't), its fascinating history, the passionate debate it sparks, why adopting it will create prosperity, and how it should be done. Because the gold standard affects you. Your every day life. Your opportunities. is designed for readers, whether plain citizens without special training or high level economists and policy makers, as a guide through what sometimes appears a dizzyingly complex subject. Gold is complex in appearance only. Part of the beauty of the gold standard is its utter simplicity and naturalness, the honest money of democracy. What is the gold standard? Why is it essential for vibrant economic growth — growth for the working family at least as much as for the wealthy? Why is it so controversial? What is its history? What is its future? Does it have potential pitfalls?

And perhaps most important, how does it work? In short, this website is designed to provide you with everything you ever wanted to know about the gold standard but were afraid to ask.


Monday, February 21, 2011

"CNBC: Gold, the States, and Federal Monetary Policy"

People are starting to get it. The tide is turning. A perfect storm is brewing. We MUST NOT let up now.

Why are so many state legislators beginning to call for issuance of a form of gold money?

The Constitution prohibits states from coining money but allows them make “gold and silver Coin a Tender in Payment of Debts….” By prohibiting everything except “gold and silver Coin” the Constitution clearly contemplates this as legitimate.

Legislators in a dozen states are looking at legislation about gold or silver-based currency, including, right now, Utah, South Carolina, Virginia and New Hampshire. States haven’t issued money for over a hundred years. So … why now? There is disgust by state legislators with the federal government’s promiscuously printing money. This reflects the views of those who wrote and adopted the United States Constitution...

...So legislators in twelve states are exploring gold-based currency. It is reprehensible for national elites to deride those who are doing so. Whatever objections one might have to the mechanisms being considered the impulse is legitimate and even noble. State legislators are challenging the federal abuse of an unconstitutional power, challenging the issuance of unhinged paper money.


Wednesday, February 16, 2011

"Sen. Lee Bright: SC should coin its own money"

Actually, Sen. Bright is NOT saying SC should "coin money"! Read the article, and you see that he's only saying SC should start using gold & silver coins. Sound familiar? :-)

By Stephen Largen,

Continuing a pattern of attempts to assert South Carolina's independence from the federal government, State Sen. Lee Bright, R-Roebuck, has introduced legislation that backs the creation of a new state currency that could protect the financial stability of the Palmetto State in the event of a breakdown of the Federal Reserve System.

Bright's joint resolution calls for the creation of an eight-member joint subcommittee to study the proposal and submit a report to the General Assembly by Nov. 1.

The Federal Reserve System has come under ever-increasing strain during the last several years and will be exposed to ever-increasing and predictably debilitating strain in the years to come, according to the legislation.

“If there is an attempt to monetize the Fed we ought to at least have a study on record that could protect South Carolinians,” Bright said in an interview Friday.

“If folks lose faith in the dollar, we need to have some kind of backup.”


Monday, February 7, 2011

Tuesday, February 1, 2011

Latest Issue of DGC Magazine online: "Gold & Silver Sound Money"

The February 2011 issue of Digital Gold Currency magazine is out, and it's a good one: "Gold & Silver Sound Money: A Dozen U.S. States and Their Sound Money Initiatives".

It covers the most recent sound money bills in Virginia, New Hampshire, Georgia, Delaware, Utah, Montana, Washington, South Carolina, Idaho, Maryland, Colorado, Indiana, Missouri, and Ohio, with some additional articles relating to competition in currencies, digital gold, federal bills, and more.

Best of all - it's FREE to read online, or even download and read later.

Another great job from the folks at DGC!