“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:
Risky Loans Shunned by Banks Are Booming in Wall Street's Shadow
Iran condemns Boston blast, criticizes US policy
U.S. Supreme Court declines to review NSA phone spying case
UK troops deny mutilating Iraq insurgents’ corpses
UN to investigate civilian deaths from U.S. drone strikes
Pueblo Chieftain Excludes Independent Candidate From Debates
Taiwan central bank 'keeping close tabs' on Bitcoin
California Considers Banning Online Tobacco, E-Cigarette Sales
Australian spies participating in global deal to tap undersea cables
California man is exonerated after 25 years on death row
If "Trump Alone Can Fix It", Why Pass the Buck On Border Separations?
Distrust of Americans spreads beyond Middle East
Businesses in Berlin open arms to digital currency Bitcoin
New sanctions against North Korea after threat of pre-emptive nuclear strike
Russia to ban US from using Space Station over Ukraine sanctions