Phase Out the Fed With State Sound Money Laws

Although it is very encouraging that the House voted 327 to 98 to audit the Fed last month, it is virtually certain that the Senate will not concur this year. Moreover, it is virtually certain that Congress will not act to end or phase out the Fed any time soon.

So, what's to be done about the impending destruction of our currency by the Federal Reserve's ongoing expansion of the money supply. Since 2010 there has been a continuation of this rapid expansion of the money supply.

The preeminent expert on Constitutional money, Edwin Vieira, has a strategy for phasing out the use of Federal Reserve Notes through new state laws providing alternative currencies, which he has been promoting via interviews and videos for the past several years.

Basically, Vieira advocates that states start taking advantage of their sovereignty as guaranteed by the Tenth Amendment and their constitutional mandate under Article I, Section 10 not to "make anything but gold and silver coin a tender in payment of debts," by passing laws providing alternative currencies in their states based on gold and silver.

A good way to understand Vieira's strategy is to view the video, "What Is Constitutional Money?", shown below, which consists of a lecture he gave last November in Washington, DC, sponsored by Congressman Ron Paul. Be sure to view all the way to the end of the question-and-answer period to get the whole story.

READ THE FULL ARTICLE HERE...

"Rallying for States’ Rights, G.O.P. Legislators Tell Washington to Go Away"

A NY Times article that doesn't cast Nullification in a bad light? Wait a minute, we aren't being charged with racism, or called neo-Confederates, or laughed at for believing in sound money and the Constitution? Maybe there's hope for America yet!

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State legislatures, bolstered by the huge Republican freshman classes that were swept into power from New Hampshire to Montana last year, have intensified their attacks on federal authority in the name of states’ rights...

In Kentucky, the State Senate is expected to take up a bill this week declaring the state a “sanctuary” from meddling by the Environmental Protection Agency.

In Arizona, the State Senate approved a measure this month that would exempt all products made and consumed within its boundaries from federal interstate commerce laws.

The Montana Legislature is considering a bill that would allow the state to nullify federal laws that protect endangered species. And in Georgia, a bill that would override federal monetary regulations by requiring banks to accept payment in gold or silver has survived two readings in the State House of Representatives.

“There’s been a kind of ramping up,” said Michael Boldin, the founder of the Tenth Amendment Center, a research and advocacy group in Los Angeles. Last year, Mr. Boldin said, many of the bills were simply statements of dissatisfaction or intent. This year, he said, the bills are armed with teeth and recommended penalties. The Arizona bill, for instance, would make it a felony for anyone who tried to enforce federal commerce laws.

READ THE REST OF THE ARTICLE HERE...

The Utah Sound Money Act - Utah 10th Amendment Center

Written by: Connor Boyack

...While we wait for the federal government to do nothing to stem the tide of Federal Reserve Notes that will likely soon capsize our ship of state, states can, like individuals, position themselves to proactively prepare for any problem with the dollar, rather than later be forced to react under troublesome circumstances. Article I Section 10 of the U.S. Constitution says that “No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts…” Additionally, no power was delegated in the Constitution to allow for the federal government to make anything but gold and silver coin a legal tender for commerce. That this limitation has long been ignored is no excuse for its ongoing abuse.

In the 2011 general legislative session, Utahns will have an opportunity to position themselves and their state on better financial footing by infusing the system with sound money—to the degree that willing participants choose to use either gold or silver as alternative currencies. The Utah Sound Money Act will soon be introduced to initiate this opportunity.

This bill is designed to reinstate gold and silver coin as an optional medium of exchange for use in commerce within the state of Utah. It nullifies legal tender laws for intrastate commerce, recognizing the inherent, inalienable right of individuals to engage in specie-based exchanges with each other on mutually agreeable terms. You can read the bill here (PDF).

READ THE REST OF THE ARTICLE HERE...

Constitutional Tender for Georgia? 10th Amendment Center

Written by: Michael Boldin
posted on 12/27/10 at the Tenth Amendment Center Blog

The United States Constitution states, in Article I, Section 10, “No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.”

When was the last time your state followed this? For most living humans – never. In recent years, though, a number of states have seen Constitutional Tender Acts introduced with the goal of righting this wrong. Passage would nullify federal legal tender laws that prevent states from abiding by Article I, Section 10 of the Constitution.

In the 2011 legislative session, Georgia will consider House Bill 3 (HB3), which states, in part:

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Tenth Amendment Center: "A Date that Lives in Infamy"

We are incredibly grateful for the work of the Tenth Amendment Center in promoting the Constitutional Tender Act. On this dark day in history, they are graciously doing so again.

A Date that Lives in Infamy

EDITOR’S NOTE: On December 23, 1913, Woodrow Wilson signed the act creating the Federal Reserve System. Now that Ron Paul is in a place to bring some light to the true dealings of the fed, the time is ripe to end the fed. But, the best way to get back to a proper monetary policy will likely come from a place far from Washington, D.C. – your own state.

The following article, “Ending the Fed from the Bottom Up,” by Dr. William Greene, was originally published here at the Tenth Amendment Center on 04-11-10. We’re proud to present it here again on this sad, but historic anniversary – with hopes that you will take action today to push your state to consider the Constitutional Tender Act, and start the process of bringing the Federal Reserve System to it’s much-needed demise.

READ THE REST HERE...

10th Amendment Center uses Constitutional Tender Act as "Model Legislation"!

The Tenth Amendment Center has just released a TAC-approved suite of legislation - including the Constitutional Tender Act - that covers issues all over the political spectrum. Whether it's states standing up for your rights to your own health decisions or your right to grow what plant you want to, this legislation demands that states do their duty – and protect your rights from all comers. Pick one model act out – and urge your state politicians to introduce it next year. The time to act on that is now!