States introducing sound money legislation at constituents' request!
Submitted by ajchandler on Mon, 02/13/2012 - 13:12I feel ecstatic! Gary Cross my MO state representative just called me on the phone to discuss this bill I asked him to introduce! He was genuinely enthusiastic about the bill and said he is setting up a meeting with the house leadership to discuss it! Now a comparable bill has been introduced!
Here is the letter I sent him: Respectfully sir, the Federal Reserve is eroding the wealth of Missourians at an unprecedented rate. Since 2008 they have expanded the money supply by over $15 TRILLION, loaning it out to undisclosed entities without congressional transparency. The prices of essential goods and services such as bread, milk, cheese, beef, chicken and toilet paper have all risen in price by 10-18% over the last year while the average cost of living increase is just over 3% for social security and just over 4% for the average worker.
The state of Washington is considering a bill that I think Missouri ought to consider as well. It will put us back in compliance with the constitutional mandate for states to use gold and silver coins as legal tender. This bill declares gold and silver as legal tender in addition to Federal Reserve bills of credit. This will create conditions which would force the Federal Reserve to be competitive in a free and open market; preventing them from continuing to destroy Missouri’s middle class and their savings.
I urge you to introduce this bill and to persuade your colleagues to pass the legislation.
Here is Washington State's version of the bill: http://apps.leg.wa.gov/documents/billdocs/2011-12/Pdf/Bills/...
And here is the Missouri version:
http://www.house.mo.gov/billsummary.aspx?bill=HB1637&year=20...
Contact your representatives today and demand they introduce/pass comparable legislation in your state! It works!
Good work!
! REVOLUTION !
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I hope this works out.
I worry about legislation that says "gold and silver are legal tender to PAY TAXES." That doesn't help the average Joe but, does help the state....
"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I have one word for you...predator drones. Oh, you think I'm kidding?" Obombya
Bill revisions
I've asked my representative to modify the Missouri version as follows:
Sir,
I noticed that House Bill No. 1637 the “Missouri Sound Money Act of 2012” has been introduced. I appreciate the efforts you may have made to persuade your colleagues.
I do have one major concern with the bill relating to section 408.010. The clause “The silver coins of the United States are hereby declared a legal tender, at their
par value, fixed by the laws of the United States..” concerns me.
The phrase “par value, fixed by the laws of the United States..” implies to me that a one ounce .999 silver eagle minted by the federal government with a face value of $1 is declared legal tender at that value which has been “fixed by the laws of the United States”
This bill accomplishes nothing if an ounce of silver is only legal tender at its face value of $1 while its market value is approximately $35.
If it is fixed at $1, it is still subject to price inflation and would not help consumers retain the value of their assets and the purchasing power of their labor.
Also, this will cause confusion as relating to the pre-1965 90% silver dimes, quarters, half-dollars and dollars which have a market value less than that of the .999 silver eagles with the same face value. The bill does not specify which version of the dollar this legislation refers to. This also applies to modern gold eagles vs. the pre-1933 liberty eagle coins.
I urge you to work to alter the legislation to be more comparable to the bill introduced by Washington State.
Washington State’s bill is worded as such relating to the coins’ value:
From Section 4 of the attached – notably lines 21-27:
(2) The state of Washington has determined to exercise its
16 constitutional authority and provide its citizens with gold and silver
17 coins as an alternative currency. Originally, the exact weight of the
18 constitutional dollar was established in the coinage act of 1792 at
19 371.25 grains (troy) for fine silver; however, in order to implement an
20 alternative currency for today's markets:
21 (a) It is necessary for the state to establish a fair market value
22 for coins of gold and silver;
23 (b) The state of Washington must use the common standard of the
24 dollar as provided for in the U.S. Constitution; and
25 (c) The state treasurer must post daily the value of fine silver
26 and the proration to gold per the average closing prices of the New
27 York, London, and Hong Kong Metal Exchanges.
I thank you kindly for your diligent efforts to represent me as your constituent. You have far exceeded my expectations up to this point.
Good point.
I buy silver every chance I get. I usually buy bullion because many of the coins reflect a "face value" which I fear many of the "sheeple" will interpret as the "worth" of the coin. (Yes...there are many dumb people in the world).
I still am concerned that some states (I don't recall offhand) wish to legalize gold/silver to pay taxes but, doesn't indicate free trade in the precious metals.
"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I have one word for you...predator drones. Oh, you think I'm kidding?" Obombya