Bill would re-affirm GOLD and SILVER as legal tender in Texas.

by **Ponee** Mon May 25, 2015 7:57 pm

A bill taking a step towards gold and silver as commonly-used legal tender in Texas passed in the state House today by an overwhelming 140-1 vote.

Currently, all debts and taxes in Texas must either get paid with Federal Reserve Notes (dollars), 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.

But the United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”

The legislation in Texas takes a step towards that constitutional requirement, ignored for decades in every state. Such a tactic would undermine the monopoly the Federal Reserve system by introducing competition into the monetary system.

Professor William Greene is an expert on constitutional tender and said when people in multiple states actually start using gold and silver instead of Federal Reserve Notes, it would effectively nullify the Federal Reserve and end the federal government’s monopoly on money.
The bill now moves to the Senate, where it will first be assigned to a committee for consideration before the full Senate can concur and send it to Gov. Abbott’s desk.

http://blog.tenthamendmentcenter.com/2015/05/texas-bill-to-establish-bullion-depository-help-facilitate-transactions-in-gold-and-silver-passes-house-140-1/
Way to go Texas! Giving a big middle finger to the feds.

Read more at http://investmentwatchblog.com/bill-would-re-affirm-gold-and-silver-as-legal-tender-in-texas/#ew6gcwOsSsjFkihz.99