Via TPM -

Legislators in at least ten states have introduced bills in the past few years to allow state commerce to be conducted with gold and silver.

 

As we reported, Georgia state Rep. Bobby Franklin ® recently reintroduced legislation to force his state to conduct all monetary transactions with U.S. gold or silver coins -- including the payment of taxes.

 

The Georgia bill has a long way to go before become law -- but it's by no means the only state that's considering a future in gold. Lawmakers in Montana, Missouri, Colorado, Idaho, Indiana, New Hampshire, South Carolina, Utah, and Washington have proposed legislation, mostly in 2009, to include gold and silver in its accepted currency forms.

 

Constitutionaltender.com, a site dedicated to tracking and promoting these bills, explains:

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This idea of using gold and silver as currency has recently enjoyed a bit of a renaissance -- Fox News' Stuart Varney and Andrew Napolitano, for example, recently debated whether the country should return to using gold as everyday currency. Gold vending machines had already been operating in some European countries and the United Arab Emirates before one recently opened in a Florida mall. And, of course, there's Glenn Beck's consistent touting of the gold seller Goldline on his radio show.

 

I was curious on your thoughts on this.

Via TPM -

 

 

I was curious on your thoughts on this.

 

It's stupid.

 

It's a finite material, which introduces massive complexities...not to mention that a gold or silver standard cannot work unless EVERYONE is on that same standard. I won't get into why right now, but if you think about it you'd understand why. Also, there isn't enough gold in the world to cover the currencies that currently exist.

 

Odds are these lawmakers have HUGE positions in gold/silver, and they figure if they shove something like this through, it'll make the prices rise even more (it will). They should be investigated, and if they have ANY positions in these commodities, they should be removed from office and jailed for attempted insider manipulation of commodity prices.

Edited January 5, 201115 yr by Y2HH

Its called old men living in the past. The Gold Standards time has passed in this country.

We need Rai Stone-backed currency.

we should back each dollar with a bag of RICE i tell you.

we should back each dollar with a bag of RICE i tell you.

 

Ahh, yes, the good old 'food standard'.

Ahh, yes, the good old 'food standard'.

Chickens. If it's good enough to pay for Health Care in Nevada, it's good enough for everything.

forget the chickens, we should barter in goats.

The illegal immigration bill in Arizona was written by the for profit prison industry, I think I can guess who wrote thie one.

When people start rambling about the gold standard it's kind of prima facie evidence that they don't really know s*** and you can safely ignore most, if not all, of what they're saying. Same thing when they put a heavy emphasis on the strength of the dollar.