"Larry Hilton, an attorney and insurance salesman has authored the “Utah Sound Money Act”. A couple of state legislators are considering sponsoring the bill. Here are a few things the bill would do.
Requires State To Accept Gold As Money
Among other things the sound money act requires the state to accept gold as payment and would allow but not mandate businesses to accept gold as payment.
Creates Defense Force to Protect Gold
Part 5 of the bill requires the governor to "recruit, form, train and deploy such troops and regiments of the Utah State Defense Force ... as the Governor may deem necessary and appropriate to store, safeguard, protect and transport the Registered Specie holdings of all Utah Governmental Entities, as well as provide a means for the exchange, between and among Utah Governmental Entities and Utah Taxpayers, of Registered Specie, either by transfer of ownership of the same held in a secure storage facility or by physical delivery according to the recipient's preference."
at http://globaleconomicanalysis.blogspot.com/2011/01/sound-money-gold-fever-and-crackpot.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
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