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Title: What do you think about gold and silver coins being proposed as SC tender?
Source: FOX
URL Source: http://www.midlandsconnect.com/news/politics/story.aspx?id=616413
Published: May 12, 2011
Author: Fraendy Clervaud
Post Date: 2011-05-12 06:49:39 by noone222
Keywords: None
Views: 305
Comments: 30

COLUMBIA (WACH) -- South Carolina lawmakers are proposing a bill that would give the state another form of legal tender.

Sen. David Thomas, a Republican from Greenville, wants to make gold and silver coins another option in the Palmetto State. Lawmakers are calling it the Sound Money Legislation.

"I'm no financial expert but am I smart enough to know that you can't keep printing money when it has no backing," says SC Republican Representative Mac Toole.

Thomas also wants a special joint committee to study the need and process for establishing an alternate currency. Read the entire bill here.

“For those of you who think this is a way to re-establish secession, the bill was passed in Utah and it’s currently law there," SC Republican Representative Mike Pitts.

A similar bill has been introduced in the House. Both bills have been referred to committee.

“Sound money is fundamental money that has maintained its purchasing power over a very long time. Why does it do that? Because it has intrinsic inherit value. The piece of paper doesn't have intrinsic value,” says Dr. Steve Isom, South Carolina Sound Money.

The group http://SoundMoney.com gathered at the State House for a press conference Wednesday morning. Rep. Michael Pitts, one of the House bill sponsors, was on hand along with Sound Money Chairman Dr. Steve Isom.

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The sponsors explain sound money holds its purchasing power over long periods of time. Proponents also say the additional tender would help protect the state's financial situation in a failing economy, which is the reason they want to get back to the Gold Standard and get rid of the Federal Reserve.

But some disagree with this legislation.

Two local jewelers tell WACH Fox they’re not sure how possible this alternative currency would be because they say the price of gold and silver fluctuates and that the commodity market is too volatile.

What do you think about the idea of another form of legal tender? Leave a comment below to weigh in with your thoughts.

Poster Comment:

Without CONSTITUTIONAL MONEY (Gold / Silver Coinage) NO CONSTITUTIONAL GOVERNMENT EXISTS ! These well intentioned SC legislators are attempting to remove SC from D.C.'s strangle hold and return it to its original status of being South Carolina, a Sovereign State where its rights and those of the free people REALLY do exist.

The comments within the article are fraught with misperceptions that need to be exposed. One example is this: Two local jewelers tell WACH Fox they’re not sure how possible this alternative currency would be because they say the price of gold and silver fluctuates and that the commodity market is too volatile. It's the fiat paper dollar that is fluctuating !

Post Comment   Private Reply   Ignore Thread  

#1. To: noone222 (#0)

(1) First, FRNs do not have "no backing"; they are printed up when the Federal Reserve purchases Treasury bonds, and only according to the value of the bonds purchased by the Fed (the interest paid on such bonds is plowed back directly to the Treasury).

(2) Second, under the US Constitution, Article I, section 10 clause 1, a State, such as South Carolina, cannot mint its own money (and it cannot reject the money minted under Congressional authority in section 8, clause 5). The only option available to a State is to accept, concurrent with US currency, gold and silver coins (not powder, bullion or nuggets) minted by FOREIGN countries - whose exchange value is already set by the US Congress under section 8 clause 5.

Shoonra  posted on  2011-05-12   10:01:31 ET  Reply   Trace   Private Reply  

The pieces of paper which are illegally designated Federal Reserve Notes* do not have any backing other than the people's "faith" in the government. And I have noticed that that is getting to be less and less and I thank God for that. While it is true that the states cannot, under the terms of the Constitution, mint its own money it is also true that Congress cannot print up reams of paper and call it money. The fact that they do it does not justify it, they have no authority to do it, nor to give this power over to a cartel of national and international bankers who have robbed the American people blind.

A PLEA FOR THE CONSTITUTION OF THE UNITED STATES, Wounded in the House of Its Guardians

*they do NOT meet the legal definition of a note

Liberty is not a means to a higher political end. It is itself the highest political end.    Lord Acton

He (Gordon Duff) also implies that forcibly removing Obama, a Constitution-hating, on-the-down-low, crackhead Communist, is an attack on America, Mom, and apple pie. I swear these military people are worse than useless. Just look around at the condition of the country and tell me if they have fulfilled their oaths to protect the nation from all enemies foreign and domestic.
OsamaBinGoldstein

The only difference between genius and stupidity is that genius has it's limits. Albert Einstein

James Deffenbach  posted on  2011-05-12   10:11:50 ET  Reply   Trace   Private Reply  

If there was abundant gold and silver available for transactions this might be a good idea. But, and this big BUT, most gold and silver is now in the hands of the elite, the very ones that are destroying this nation. Why let them keep their power by letting them continue to have control over the money supply? Whether they control us though worthless Fed notes or their own supply of gold and silver we are still controlled!

This is a step in the right direction, but printing a fiat money with no debt attached to it would be a better option right now to break the power of the elite. After that we could go to a gold and silver system of currency. The elite must lose their power first or it will all be in vain.

God is always good!

RickyJ  posted on  2011-05-12   11:16:23 ET  Reply   Trace   Private Reply  

Two local jewelers tell WACH Fox they’re not sure how possible this alternative currency would be because they say the price of gold and silver fluctuates and that the commodity market is too volatile.

the price of gold and silver do not fluctuate, the supposed value of the FRNs they are pitted against do. you hit it exactly.

IRTorqued  posted on  2011-05-12   11:45:37 ET  Reply   Trace   Private Reply  

always have throw definitions in there, words mean things, like a due date. when does a federal reserve note reach a due date at which time it is to be redeemed? keep it up James and shoonra (if not willfully ignorant) will become one of the educated and realize that everyday of FRN use is a crime where debt is called wealth.

IRTorqued  posted on  2011-05-12   11:55:31 ET  Reply   Trace   Private Reply  

the elite got their gold and silver by duping fools into trading their gold and silver for worthless debt instruments called FRNs. stop the use of FRNs and they too will be required to make their purchases with real moneys made of gold and/or silver. gold, corn and butter are all yellow but only two of the items listed taste good together.

IRTorqued  posted on  2011-05-12   12:01:56 ET  Reply   Trace   Private Reply  

(1) First, FRNs do not have "no backing"; they are printed up when the Federal Reserve purchases Treasury bonds, and only according to the value of the bonds purchased by the Fed (the interest paid on such bonds is plowed back directly to the Treasury).

I love it when people bring up this argument because it is so delightfully disingenuous and dishonest.

The member banks that OWN the Feral reserve also control money creation and the rate at which that money is "loaned" to member banks. By controlling the overall money aggregates they control the amount of money in circulation and of course loan to themselves at rates greatly under the market rate.

By controlling the volume of money in circulation they can create inflation or deflation at will and since they ARE the insiders they know in advance which it will be and thus are in a position to take advantage.

A good case in point is the Great Depression of the 1930's when the Federal Reserve collapsed the money supply withdrawing fully a third of the total monetary aggregate in the years 1931-1933. The predictable result of that deflation was that the economy ground to a halt as there was insufficient money in circulation to keep the economic engine running. Of course the Banksters were all set to take advantage of it and using the misery of millions to enrich the few they then used their money creation powers to purchase up assets at literally pennies on the dollar.

Under our current scene we can see the banksters creating TRILLIONS and then loaning it at zero or near zero interest rates to their affiliated Famblies.

I could take the analysis further but will eschew the impulse as we both know the game just as we both know that you know that your argument was, to put it politely, disingenuous.

Original_Intent  posted on  2011-05-12   12:03:35 ET  Reply   Trace   Private Reply  

keep it up James and shoonra (if not willfully ignorant) will become one of the educated and realize that everyday of FRN use is a crime where debt is called wealth.

I think it is willful but of course would be delighted if he proved me wrong and learned (and accepted) the truth. Right now he is just being a shill for the government and its policies.

Liberty is not a means to a higher political end. It is itself the highest political end.    Lord Acton

He (Gordon Duff) also implies that forcibly removing Obama, a Constitution-hating, on-the-down-low, crackhead Communist, is an attack on America, Mom, and apple pie. I swear these military people are worse than useless. Just look around at the condition of the country and tell me if they have fulfilled their oaths to protect the nation from all enemies foreign and domestic.
OsamaBinGoldstein

The only difference between genius and stupidity is that genius has it's limits. Albert Einstein

James Deffenbach  posted on  2011-05-12   12:53:45 ET  Reply   Trace   Private Reply  

this I and most others here know, but one must bury the barb to get a hook to hold.

IRTorqued  posted on  2011-05-12   13:16:02 ET  Reply   Trace   Private Reply  

this I and most others here know, but one must bury the barb to get a hook to hold.

Indeed.

Good to "see" you my friend. You haven't been around much lately. Hope all is well with you and yours.

Liberty is not a means to a higher political end. It is itself the highest political end.    Lord Acton

He (Gordon Duff) also implies that forcibly removing Obama, a Constitution-hating, on-the-down-low, crackhead Communist, is an attack on America, Mom, and apple pie. I swear these military people are worse than useless. Just look around at the condition of the country and tell me if they have fulfilled their oaths to protect the nation from all enemies foreign and domestic.
OsamaBinGoldstein

The only difference between genius and stupidity is that genius has it's limits. Albert Einstein

James Deffenbach  posted on  2011-05-12   13:21:02 ET  Reply   Trace   Private Reply  

The masses can own enough silver to offset the elite's gold. And, even more importantly the Constitution will function under an honest money system.

The damage financially is the fact that we're paying private bankers "INTEREST" on our own credit. Paying them interest on the nations credit is ludicrous but trading the Constitution for commercial law is killing the country.

“But when you want money for people with minds that hate, All I can tell you brother is that you have to wait.”

The Beatles, Revolution, 1968

noone222  posted on  2011-05-12   14:12:19 ET  Reply   Trace   Private Reply  

Thank you ... talk to Ricky J ... hehehehehe

“But when you want money for people with minds that hate, All I can tell you brother is that you have to wait.”

The Beatles, Revolution, 1968

noone222  posted on  2011-05-12   14:14:02 ET  Reply   Trace   Private Reply  

Obama laughs at people who believe FRN scraps of paper are authorized by the Constitution

Liberty is not a means to a higher political end. It is itself the highest political end.    Lord Acton

He (Gordon Duff) also implies that forcibly removing Obama, a Constitution-hating, on-the-down-low, crackhead Communist, is an attack on America, Mom, and apple pie. I swear these military people are worse than useless. Just look around at the condition of the country and tell me if they have fulfilled their oaths to protect the nation from all enemies foreign and domestic.
OsamaBinGoldstein

The only difference between genius and stupidity is that genius has it's limits. Albert Einstein

James Deffenbach  posted on  2011-05-12   14:55:04 ET  Reply   Trace   Private Reply  

The damage financially is the fact that we're paying private bankers "INTEREST" on our own credit.

This is exactly the problem. We are paying interest to private bankers for notes that they print out of thin air. The US congress should print our money supply then there would be no private entity to pay any interest back to. Sure inflation and devaluation could still be a problem if too much currency is in circulation, but with a audited open public system printing our money it would be leaps and bounds better than the private Fed doing it with no audits ever in its 99 year history.

Gold and silver coins could also be used in addition to the publicly printed debt free fiat money supply.

God is always good!

RickyJ  posted on  2011-05-12   15:11:16 ET  Reply   Trace   Private Reply  

the elite got their gold and silver by duping fools into trading their gold and silver for worthless debt instruments called FRNs. stop the use of FRNs and they too will be required to make their purchases with real moneys made of gold and/or silver. gold, corn and butter are all yellow but only two of the items listed taste good together.

Who Is Working Against the American People?: "The nation was thriving until the bankers resorted to their old tactics of cornering the gold and silver bullion market causing a depression."

We need a system where we own our time and labor that creates wealth and value for exchange, not funneled at whim through third parties like usurious banks, profiteering businesses, or even the Federal and State governments. I asked a bank here if they sell gold and silver coins. They do for like 20 bucks per roll through the government but just gold, not silver. I could exchange FRNs there for all gold coins instead. So could everyone else if they wanted to, I suppose, but what if they did? Would simply doing that free us of the negative, debt-based system that is the cause of so many woes and so much poverty? Probably not.

-------

"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC

GreyLmist  posted on  2011-05-12   16:11:37 ET  Reply   Trace   Private Reply  

A local dealer told me today that they won't sell any more Ag until it's over $40.

They guessed wrong on their last purchase.

Somewhere in Kenya, a village is still missing its idiot.

Lod  posted on  2011-05-12   16:34:27 ET  Reply   Trace   Private Reply  

Congress has the power to regulate the value of gold and silver as money by a set standard of weights and measures. That could correct the fluxations up and down which can lead to inflation and depression. Could we convene a People's Congress of those who would like to petition them to do that and motion to recall them from office if they don't? Yes.

-------

"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC

GreyLmist  posted on  2011-05-12   16:58:39 ET  Reply   Trace   Private Reply  

Since Wilson signed a clearly un-constitutional bill, it should be declared null and void.

But the jiz will fight to the death that ever happening.

Somewhere in Kenya, a village is still missing its idiot.

Lod  posted on  2011-05-12   17:07:00 ET  Reply   Trace   Private Reply  

Since Wilson signed a clearly un-constitutional bill, it should be declared null and void.

But the jiz will fight to the death that ever happening.

If Congress refuses to repeal it and all other Unconstitutional junk- "laws"/Acts/Resolutions, etc. as null and void and the States also refuse to declare those errors as null and void in accordance with the Constitution, then it is our duty as Americans loyal to it to declare all of those rogue officials as de-authorized, their governing powers here null and void.

-------

"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC

GreyLmist  posted on  2011-05-12   17:48:38 ET  Reply   Trace   Private Reply  

What do you think about gold and silver coins being proposed as SC tender?

Go for it!

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2011-05-12   17:57:28 ET  Reply   Trace   Private Reply  

Agree.

The states, and especially our county sheriffs, are key to this return to rationality, reasonableness, and rule of right law.

Somewhere in Kenya, a village is still missing its idiot.

Lod  posted on  2011-05-12   17:57:53 ET  Reply   Trace   Private Reply  

then it is our duty as Americans loyal to it to declare all of those rogue officials as de-authorized, their governing powers here null and void.

Right on!

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2011-05-12   17:58:50 ET  Reply   Trace   Private Reply  

:) And if any Sheriffs refuse to uphold the Constitution for us, out they go as de-authorized too!

Edited for punctuation correction.

-------

"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC

GreyLmist  posted on  2011-05-12   18:19:13 ET  Reply   Trace   Private Reply  

busy as a one legged man in a butt kicking contest or even a one armed paper hanger.

IRTorqued  posted on  2011-05-15   19:16:54 ET  Reply   Trace   Private Reply  

fine, let the dying begin.

IRTorqued  posted on  2011-05-15   19:21:25 ET  Reply   Trace   Private Reply  

the sheriff of San Patricio county uses asset forfeiture as a campaign plank, him and every deputy are, to be kind, scum.

IRTorqued  posted on  2011-05-15   19:24:39 ET  Reply   Trace   Private Reply  

Completely agree.

Completely!

Somewhere in Kenya, a village is still missing its idiot.

Lod  posted on  2011-05-15   19:27:48 ET  Reply   Trace   Private Reply  

the sheriff of San Patricio county uses asset forfeiture as a campaign plank, him and every deputy are, to be kind, scum.

They can go gently through our low-flush toilet bowls.

Or, more dramatically, as in Turtle's exploding whale vid.

Your choice, mullets.

Welcome to the new Amerika.

Let's flush the scum.

Somewhere in Kenya, a village is still missing its idiot.

Lod  posted on  2011-05-15   19:32:55 ET  Reply   Trace   Private Reply  

children of the grave

IRTorqued  posted on  2011-05-17   23:29:29 ET  Reply   Trace   Private Reply  

And if any Sheriffs refuse to uphold the Constitution for us, out they go as de-authorized too!

Absolutely correct! ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2011-05-18   16:58:50 ET  Reply   Trace   Private Reply  

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