“Arizonans who fear the federal government will make their folding money worthless may soon be able to substitute privately minted gold and silver coins. The measure is crafted to get around a provision of the U.S. Constitution which bars states from minting their own coins. But supporters also note it says that states cannot ‘make any thing but gold and silver coin a tender in payment of debts.’ That, they contend, permits states to recognize coins minted by others. Crandell said the ultimate bottom line is a lack of confidence in the dollar — or at least the real value of the dollar, what with the Federal Reserve Bank continuing to print new money.”
Related posts:
Paulson, Soros Add Gold as Price Declines Most Since 2008
Prison Gang Ran Prison, Sold Drugs, Had Sex With Female Officers And Made A Profit
After 'Tan Mom,' New Jersey bans children from tanning beds, spray tans
3 Years in, Bitcoin Digital Money Gains Momentum
Saudi government smashes ‘sinful’ statues of horses
IKEA surges forward with store openings despite global economic turmoil
U.S. says oil firms should respect Baghdad government
Who Hides Money Outside The Country?
Robber tries 3 police stations before turning himself in
U.S. to house migrant children in tents outside El Paso as detention centers overflow
U.S. decision delayed on easing gadget use on airplanes
Metal detectors at ballparks by 2015
Fools’ Gold Found to Regulate Global Oxygen
Woman sues for false arrest for complaint about officer's trooper brother
Chinese Trading Suspensions Freeze $1.4 Trillion of Shares Amid Rout