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RON PAUL Introduces H.R. 4248 The Free Competition and Currency Act of 2009.

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Coin News

Sunday - January 31 - 2010


Congressman Ron Paul [R-TX] on Wednesday introduced legislation that would, if signed into law, end taxes on coins and bullion and repeal legal tender laws. The bill’s lofty goal is to reintroduce a system of competing currencies.

"At this country’s founding, there was no government controlled national currency. While the Constitution established the Congressional power of minting coins, it was not until 1792 that the US Mint was formally established," Rep. Ron Paul said.

"In the meantime, Americans made do with foreign silver and gold coins. Even after the Mint’s operations got underway, foreign coins continued to circulate within the United States, and did so for several decades.

H.R. 4248, or the Free Competition in Currency Act of 2009, includes several measures to end government controlled currency. One is to repeal Section 5103 of Title 31 of the United States Code which includes legal tender language that, according to Ron Paul, should not exist.

"There is nothing in the Constitution that grants the Congress the power to enact legal tender laws.....Much more at the link:


Comment : Lets work together to inform our local Congress and Senate members of this important proposed legislation, like we did on H.R.1207, please.
Thank You !

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Why James Madison thought this was a bad idea

Read James Madison's Federalist Papers 44 and 42 for why he argued that the power to coin money and regulate the value thereof was justifiably taken away from the States and given to Congress. The ninth amendment recognizes the right of the people to issue their own currency, but for Congress to totally abdicate its constitutional authority in coining money and regulating the value thereof goes completely against what Madison advocated.


You're Right, because James Madison was a Centralist,,,

,,,,Along with Alexander Hamilton and a few others.
What is a Centralist?
One who believes in a centralized form of government and a central bank.{ The complete opposite of Ron Paul }

Jefferson's, and Roger Sherman's { The person mostly responsible for the Gold/Silver clause in the Constitution }Libertarian type thinking won out.



All I can say is...

Buy gold and silver whenever you can afford to.

I know gold is very expensive and I can't afford to run out and buy ounces of gold.

But be aware that gold comes in very small fractions-even down to 1 gram which today would cost around $50.00.

And who can't afford an occasional ounce of silver for around $18.00?

Here is a mint I like a lot and seems to have fair prices...


"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul


bump, bump...

O.P.O.G.G. - Fighting the attempted devolution of the rEVOLution
Ron Paul 2012...and beyond

Anybody Happy About The U.S. Dollar,,,,

,,,,Losing about 96% of it's value since 1913?


Dr. Paul is now saying the dollar is worth two-cents.

Just got downgraded again.
Excellent information, we will all have to do what little we can to get this passed. ( E-mail or call you Representatives and Senators, please.)
Thanks for posting this.

Thanks !

I think Dr. Paul is trying his best to protect the accumulated wealth of all people who hold U.S. dollars, or assets denominated in dollars, from further losses of value by introducing this bill H.R. 4248.




Another good resource for talking points in our calls, letters, faxes, and emails

**the soul would have no rainbow if the eyes had no tears**