Friday, March 1, 2013

Gold and Silver Approved as Legal Tender by Arizona Senate

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Activist Post

Arizona may become the second state, after Utah, to recognize gold and silver as legal tender authorized for payments of debts and taxes.

The Arizona Senate voted Thursday to approve SB 1439 which allows businesses and the state government to accept payments in gold or silver.

The Legal Tender bill specifies that legal tender in Arizona consists of all of the following:
1. Legal Tender authorized by Congress. 
2. Specie (containing gold or silver) coin issued at any time by the U.S. government. 
3. Any other specie that a court of competent jurisdiction rules by a final, unappealable order to be within the scope of state authority to make legal tender.
Currently all debts and taxes in Arizona and the rest of the United States are either paid with Federal Reserve Notes (dollars) which were authorized as legal tender by Congress, or with coins issued by the U.S. Treasury -- very few of which have gold or silver in them.


Although Article 1, Section 10 of the United States Constitution states that no state shall coin money; the same section stipulates that no state shall make anything but gold and silver coin a tender in payment of debts. In that regard the sponsors of bill feel that it will simply respect the use of gold and silver as per the Constitution without "coining" its own money.

The law also exempts taxing the exchange of gold and silver into any other currency, and states that gold and silver as legal tender would not be "subject to tax or regulation as property other than money."

S.B. 1439 is legislation modeled after Utah's which was the first to pass and be signed into law. Several other states have introduced similar measures motivated by the dollar instability caused by the Federal Reserve's recent monetary policies.

Gold and silver have historically held their value compared to unstable dollars. The value of the U.S. dollar has plummeted 98% against gold in the last 100 years since the Federal Reserve took over as the U.S. central bank in 1913.

As the Federal Reserve continues debase the currency through persistent quantitative easing, many more states may be looking to cushion themselves against further declines by legalizing competing currencies like gold and silver in the near future.

Arizona's S.B. 1439 must still pass in the State House and be signed by Governor Jan Brewer before becoming law.

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25 comments:

Anonymous said...

We're not going to be permitted to choose between real money (gold and silver) and pieces of paper with pictures on them, just like we can't choose between organic and GMO food, to take or not take vaccines, a real representative government or the government selected for us, the Constitution or the NDAA, Patriot Act, etc., freedom or tyranny.

Whether we like it or not, we have and are going to continue to have fake money, fake food, fake medicine, fake government, fake elections, fake news and fake freedom.

Pretty sobering reality, isn't it?

Anonymous said...

I call it bizarro world realization......it goes denial, denial, denial, attack, attack, accept, anger, depressed, anger again, study, study, empower, change, attack with renewed vitality

Anonymous said...

There is a factual saying that comes from way back in history, and has never applied more today than even those times.

" Until you draw a line in the sand, and tell those who cross it that you will kill them if they do cross that line, they will continue to take and take and take and take and take, until there is no more to take and you fully become their slave".

There has never in all of history been this much debt piled on the world. It is evident that there is no possible way to pay off that debt. Therefore, the scheme must end, one way or another. It can only have one of two endings. Either the people and nations throw off that phony created out of thin air debt, or they all become slaves of the lender of phony out of thin air debt of assets and loans that never existed.

Only two things have ALWAYS survived paper fiat currency ponzi schemes all throughout history, and those two things are Gold and Silver!



Anonymous said...

Shut-up slave and pay your irrecusable obligation, for using federal reserve notes, (a private currency)
FREEDOM 12USC411 and 12USC501a, United States Notes

Anonymous said...

I think Obama is taking a very big risk, he thinks there will be no push back, that a percentage will blindly follow him to the gates of hell.

I say this whole thing collapses on his watch.

Anonymous said...

I wouldn't give those parasites a war nickel , pay with silver once . Go on a list for a no knock smash and grab armed robbery by the waffen ss.

Anonymous said...

If you had the precious would you be goofy enough to pay it out to any government and get back Bernanke bucks?

Anonymous said...

Remember kids, an unredeemable note (as in FED Notes) is a contradiction in terms! If your "note" isn't redeemable for lawful money, it isn't worth anything. One could argue that since it isn't worth anything, debts accrued in such terms need not be repaid, since FED Notes are literally placeholders for nothing of value!

David Wozney said...

The U.S.A. Constitution is not currently being followed.

"No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts; ...", according to Article I, Section 10, Clause 1 of the U.S.A. Constitution.

Wiktionary’s first definition for the noun "tender" states "A means of payment such as a check or cheque, cash or credit card" and the second definition states "(law) A formal offer to buy or sell something".

In any financial transaction, there is an offer and an acceptance of the offer. In each and every financial transaction, an offeror makes something an offer to an offeree.

In financial transactions, states in the U.S.A. have been making cheques a "means of payment" in payment of debts. States in the U.S.A. have been making cheques a "formal offer" in payment of debts. States in the U.S.A. have been making cheques a "tender" in payment of debts. "No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts; ...", according to Article I, Section 10, Clause 1 of the U.S.A. Constitution.

Anonymous said...

12 USC 411 allows you to use United States Notes (USNs) rather than Federal Reserve Notes (FRNs). Yes, you pay using FRNs, but legally, provided you specified you are using USNs, you are paying with gold and silver. Please perform your own due diligence regarding this. As an aside, you pay taxes for the privilege of using FRNs as they are private property of a company known as Federal Reserve. You do not pay taxes when using gold and silver because you own it.

Anonymous said...

I do not know why Activist Post has not covered possibly the most important story of this year regarding the "OPPT" "One Peoples Public Trust"

Anonymous said...

Do a yourself a big favour and search for One Peoples Public Trust/OPPT The war against these tyrants (read FED, BIS, Rothschild etc) has already been won in the courts of the UCC. They have been foreclosed upon.

Anonymous said...

What this Bill does is show me that Arizona is about 100 years too late to have any impact on the global financial ponzi scheme. It also shows me that calling a Federal Reserve Note a "Dollar" is a complete total lie. Federal Reserve Notes are not dollars but are supposed to be redeemable in Dollars as defined by the Coinage Act of 1797. The corrupt US government will get a lot worse as the real owners of it face the inevitable collapse of their fiat money. I only ask you, why, now that you absolutely know they have committed fraud against you to the extent that it rises to a crime against humanity, do you let them live another day?

Anonymous said...

Render unto Caesar that which is Caesars and render unto God that which is Gods. Give the government back the fertilizer they spread and deal fairly with all others!

Myke said...

America's Defense spending alone exceeds the entire earth's supply of natural resources converted to money. The only reason the system works is because all financial transactions are debts based in incremental denominations of debt. The massive amounts of money the government spends of War & Materials of War.
A return of free coinage of Silver & Gold as was done in the early history of our country would flood the United States with "Hard Currency" that is money backed by physical things of intrinsic value apart from it's use as money.
This hard currency would be regulated by simply fixing the ratio of Silver to Gold.

Anonymous said...

Arizona strikes again. When it comes to being out of touch with reality, nobody does it better than Arizona, not even Texas. BTW, when's Texas going to secede already?

Anonymous said...

Aaaaaaaaaah, Arizona. The land of Joe Arpaio, Jan Brewer and the Minute Men Militias. Right up there next to godliness and in heaven already. ROFL!

Anonymous said...

Yay for Arizona. We will lead the way!!

Anonymous said...

troLL ?

IVAMU vs. Bernanke Bucks said...

Get our good friend G Edward to please contact me.

Donald Foster said...

I wish we COULD secede... Lincoln crushed those dreams

Anonymous said...

Just try to use silver or gold.I know someone who tried to cash out his gold coins,The people he bought them from wouldnt even give him the buying price even though gold had gone up.
I like silver and being able to pay taxs with it could at least keep the vultures at bay if paper money goes bust.
AZ kicks but!

Anonymous said...

There will ALWAYS be someone willing to take your gold or silver, either by exchange, or by theft. The same can't be said for fiat currencies...when TSHTF it will come down to who has food and water and is able to protect it. I'm also glad the rest of the country DOESN'T want to be here in AZ! Let them go to California!

Anonymous said...

Do a yourself a big favour and search for One Peoples Public Trust/OPPT The war against these tyrants (read FED, BIS, Rothschild etc) has already been won in the courts of the UCC. They have been foreclosed upon

Anonymous said...

looks to me like at least 2 states are saying enough is enough. you ask why would they make this law. because when you stand up against the tyrants they will need something besides the us note to buy bullets. i might be wrong but i see strange times coming if congress does not stop ignoring what we want.

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