"In more than a dozen states, legislators are pushing for a movement back to a
world where gold is considered money. As Bloomberg
reports, lawmakers in Arizona are poised to follow Utah, which authorized
bullion for currency in 2011. Similar bills are advancing in Kansas, South
Carolina and other states to recognize gold and silver coins as legal tender.
"The legislation is about signaling discontent with monetary policy and
about what Ben Bernanke is doing," which seems confirmed by the recent
shift in Texas to bring its gold back from the New York bank warehouse. The new
measures would give "people the option of using money that won’t lose any
purchasing power to inflation," one supporter of the bill explained, with
another adding, "there is a fear that the government, or Bernanke in particular
and the Federal Reserve, is pursuing a policy that will lead to the
collapse of the dollar." The U.S. Constitution bars states from coining
money and also forbids them from making anything except gold and silver coin
tender for paying debts. Advocates say that opens the door for the
states to allow bullion as legal tender..."
at http://www.zerohedge.com/news/2013-04-08/confidence-dollar-wanes-over-dozen-states-push-gold-legal-tender
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