Each person can be on the gold standard by immediately converting their excess paper dollars not needed for current expenses into gold- QUIETLY AND SECRETLY. Keeping it for the time when dollars sink like the russian ruble.
The problem is that the federal government will require all citizens to turn in their gold under penalty of jail at a lower price than the price that gold will be fixed at- assuming a resumption of the gold standard. This sounds strange, but it already happened under FDR's directive to keep citizens from getting "windfall profits" from holding gold while the feds printed money.
It's a wonderful idea; I don't know if it will succeed in getting around the CG tax - we all know the looters in DC will try everything to skim what they can off whatever they can, and will fight any attempt to keep them from getting their cut of the action. I also (sadly) expect a lot of pushback and lobbying for nullification by the (grossly-over)Fed... After all, anyone who can successfully bypass their FRN manipulation and looting --and-- get away with it will signal the beginning of the end for the whale... by gum, cut off their fedfood supply, they might just starve to death... (hee hee hee)
Seriously love the idea, maybe it's time to build that Sedona get away. Bravo Arizona, freedom loving people around the country are shedding a tear of joy. Well pass the thing and I'll get verclemp, and consider enjoying some Arizona currency.
It's certainly a good start...and Arizona appears to be on a roll. I see in another very recent posting that they voted to nullify Common Core...
I wonder if the Feds, or The Fed, will try to do anything about it? Not sure what...but I'd like to see a good dust=up over the gold standard...long overdue...
This is a great development. But there is something deeply troubling when each and every state will have to pass similar legislation, to protect its citizens from the federal money monopoly. Bizarro World!
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Have some fun!
I wonder if the Feds, or The Fed, will try to do anything about it? Not sure what...but I'd like to see a good dust=up over the gold standard...long overdue...
But there is something deeply troubling when each and every state will have to pass similar legislation, to protect its citizens from the federal money monopoly.
Bizarro World!