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As the Fed moves ever closer to collapse states are taking the initiative to protect their economies with gold and silver coins.

March 02, 2011 – As the Fed moves ever closer to collapse states are taking the initiative to protect their economies with gold and silver coins.

A template commonly called the “Constitutional Tender Act” is being used to draft legislation in states throughout the Union declaring that “the state and political subdivisions shall not compel or require any person to . . . employ anything but gold and silver coin,” based on the Constitutional assurance that citizens may use “whatever currency they choose . . . in payment of their private debts, including gold or silver, or both, to the exclusion of a currency not redeemable in gold or silver that Congress may have designated ‘legal tender’.”

As for action, Georgia has taken the lead. House Bill 3 requires “the exclusive use of gold and silver coin as tender in payment of debts by or to the state” and fiat dollars “shall not be made a tender in payment of debts by the state.” In addition, banks and lending institutions chartered by the state and those doing business with the state must “offer gold and silver coins minted by the United States to, and shall accept them for deposit from, the state and other customers.”

Behind the movement is the realization that “many widely recognized experts predict the inevitable destruction of the Federal Reserve System’s currency through hyperinflation in the foreseeable future ” and that “an adequate system of governmental finance and a sound and robust private economy cannot be maintained in the absence of a sound currency.”

The states’ actions will surely accelerate the dollar’s downfall and will hasten the return of gold and silver as the foundation of the global monetary system. Individual citizens would be well advised to follow their states’ lead – investments made in gold and silver today are certain to pay off handsomely as the movement gains momentum.

Shannon King

Senior Staff Writer – GoldSilver.org

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