Ron Paul produced a video message urging Wyoming residents to contact Gov. Matt Mead and urge him to sign a bill that would define gold and silver specie as legal tender and eliminate all taxes levied on it. Paul said the legislation “has a great deal of significance.”
Titled the Wyoming Legal Tender Act, House Bill 103 (HB103) defines gold and silver specie as “legal tender,” meaning it would be recognized as a medium of exchange for the payment of debts and taxes in the state. Practically speaking, gold and silver specie would be treated as money, putting it on par with Federal Reserve notes in Wyoming.
If Mead signs the bill into law, it will pave the way for the use of gold and silver in everyday transactions and could help undermine the Federal Reserve’s monopoly on money.
Paul said the bill isn’t even doing anything new. It simply takes a step toward aligning the state with the U.S. Constitution.
“The states are supposed to use only gold and silver as legal tender. It’s as simple as that.”
Paul noted that things move agonizingly slow in Washington D.C. Passing bills like this at the state level …
Read more at The Tenth Amendment Center
(The opinions in this article are the opinions of the author and do not necessarily represent the views of Southern Nation News or SN.O.)