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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 01/16/2009 : 09:32:58
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This is truly amazing. If I understand it correctly Indiana has just put a framework in place that allows contracts with the state be put into terms of gold or silver instead of gold. So they will pay you in gold or silver if you do some work for them and that is want you want.
So do they know something that we don't know or are people starting to request payment in gold and silver?
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Synopsis: Use of gold by the state and local government. Requires the treasurer of state to designate one or more electronic gold currency payment providers to be a payment provider for the state and political subdivisions. Requires the treasurer of state and fiscal officers of political subdivisions to: (1) maintain one or more electronic gold currency accounts with a designated electronic gold currency payment provider; and (2) conduct all monetary transactions of the state or political subdivisions through electronic gold currency accounts. Provides that an electronic gold currency payment provider must use an electronic gold currency unit that constitutes a monetary unit of account and represents a claim of title to and ownership of a specifically defined, fixed weight of gold held by an independent specie vault. Specifies that a specie exchange with which an electronic gold currency payment provider associates must conduct the business of exchanging gold and silver coin, legal tender of the United States, and the electronic gold currency of the electronic gold currency payment provider. Provides that after December 31, 2009, the state and political subdivisions may not compel or require any person to recognize, receive, pay out, deliver, promise to pay, or otherwise use or employ anything but gold and silver coin (in that form or in the form of a designated electronic gold currency) as media of exchange with respect to certain payments. Provides that after December 31, 2009, a person receiving certain payments from the state or a political subdivision has the option of accepting payment in either legal tender of the United States or in electronic gold currency. Allows a person engaging in covered transactions to elect to receive or to pay a designated electronic gold currency instead of legal tender of the United States. Provides that if a person does not make a timely election, the medium of exchange for the transaction is legal tender of the United States. Specifies that if there is not sufficient gold in the state's or a political subdivision's accounts with electronic gold currency payment providers for the state or the political subdivision to make any payment in gold, the payment shall be made in legal tender of the United States.
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 01/16/2009 : 10:12:56
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| This bill must of had a sponsor, right? It will be interesting to find out more about this proposal. |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 01/16/2009 : 10:16:45
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| The answer was there on the bill. It is sponsored by state senator Greg Walker. |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
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Kurr
1000+ Penny Miser Member
2906 Posts |
Posted - 01/17/2009 : 10:22:09
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We have gold in Indiana, but as I understand it, it is from a glacial push, we have good quantities, but no real veins.
quote:
Sec. 8. "Gold and silver coin" means any combination of the following:
(1) The following gold coins:
(A) United States "American Eagle" coins, of all denominations, minted under the Act of December 17, 1985, Public Law 99185, 99 Statutes at Large 1177.
(B) Austrian 100 and 20 corona, and 4 and 1 ducat.
(C) British sovereign.
(D) Canadian 1 and 1/10 maple leaf.
(E) French 20 franc.
(F) Mexican 50, 20, 10, 5, and 2.5 peso.
(G) South African 1, 1/2, 1/4, and 1/10 krugerrand.
(H) Swiss 20 franc.
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(2) The following silver coins:
(A) United States dollars, so denominated and whenever minted, that were or are required by the statutes authorizing their coinage to contain 371.25 grains (Troy) of fine silver per dollar.
(B) United States half dollars, quarter dollars, and dimes, so denominated, whenever minted, that were or are required by the statutes authorizing their coinage to contain fine silver in amounts proportionate to the constitutional silver dollar of 371.25 grains (Troy) of fine silver per dollar.
(C) United States "American Eagle" or "Liberty" coins minted under the Act of July 9, 1985, Public Law 9961, Title II, 99 Statutes at Large 113, 115.
(D) Canadian maple leaf.
A Real gold standard?
quote:
10. (a) "Legal tender of the United States" means the following:
(1) All coins of the United States, whenever minted, that were or are required by the statutes authorizing their issuance to be composed of fine silver or fine gold to the extent of less than eighty-five percent (85%), by weight.
(2) All coins of the United States, whenever minted, that were or are required by the statutes authorizing their issuance to be composed solely of base metals.
(3) All paper currencies, whenever issued, that:
(A) are emitted by the United States, or by any individual, person, corporation, or other legally recognized entity acting under color of the laws of the United States; and
(B) are not guaranteed by law to be redeemable and in fact are not being redeemed on a dollar for dollar basis in gold and silver coin of the United States that were or are required by the statutes authorizing their issuance to be composed of fine silver or fine gold to the extent of eighty-five percent (85%) or more, by weight.
Is 10.1 our 40%-ers?
Is 10.2 our 95% coppers?
And what does 3.b mean there?
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The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/17/2009 : 11:07:55
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I recall reading in FDR's Excutive Order 6102 that there is a part of the law that was never repealed. As I understand, that such contracts are "unenforceable". I don't have a link to all of this, but maybe I can find it. If so, then one would think that the state of Indian would know about it. But maybe they do and don't plan to honor them.
This post was edited. - Ardent |
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Think positive. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/17/2009 : 11:14:53
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Here it is..... From Wikipedia, the free encyclopedia
The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub.L. 93-373 [1] [2] which went into effect December 31, 1974. P.L. 93-373 does not repeal the Gold Clause Resolution of 1933, which makes unlawful any contracts which specify payment in a fixed amount of money or a fixed amount of gold. That is, contracts are unenforceable if they use gold monetarily rather than as a commodity of trade. Executive Order 6102 |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Indiana Bill Related To Gold and Silver Money
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