Swordsmyth
02-07-2019, 07:41 PM
Another step toward the reestablishment of sound Constitutional money was taken on Wednesday in Kansas (https://blog.tenthamendmentcenter.com/2019/02/kansas-bill-would-help-encourage-the-use-of-gold-and-silver-as-money/) with the introduction of a bill (H.B. 2093) by the House Committee on Taxation exempting gold, silver, and other precious metals from sales taxes. It joins an increasing number of states exercising their sovereignty in such matters, ultimately exposing the fraud of Federal Reserve Notes (FRNs) posing as money.
As Mike Maharrey wrote in the Tenth Amendment Center blog (https://blog.tenthamendmentcenter.com/2019/02/kansas-bill-would-help-encourage-the-use-of-gold-and-silver-as-money/): “By removing the sales tax on the exchange of gold and silver, Kansas would treat specie [gold and silver coins] as money instead of a commodity. This represents [another] small step toward reestablishing gold and silver as legal tender and [more importantly] breaking down the Fed’s monopoly on money.”
He added that the bill, if it becomes law, would allow citizens, if they choose, to pay bills and make other exchanges in gold and silver instead of paper or digital money issued by the Federal Reserve. More importantly, it invites contracts to demand payment in specie, thus largely eliminating the loss of value of paper money owing to inflation — increasing the money supply — by the Fed. Said Maharrey: “This would mark an important step toward currency competition. If sound money gains a foothold in the marketplace against Federal Reserve Notes, people will be able to choose the time-tested stability of gold and silver over the central bank’s [the Fed’s] rapidly-depreciating paper currency.”
More at: https://www.thenewamerican.com/usnews/constitution/item/31428-kansas-joining-parade-of-states-reestablishing-constitutional-money
As Mike Maharrey wrote in the Tenth Amendment Center blog (https://blog.tenthamendmentcenter.com/2019/02/kansas-bill-would-help-encourage-the-use-of-gold-and-silver-as-money/): “By removing the sales tax on the exchange of gold and silver, Kansas would treat specie [gold and silver coins] as money instead of a commodity. This represents [another] small step toward reestablishing gold and silver as legal tender and [more importantly] breaking down the Fed’s monopoly on money.”
He added that the bill, if it becomes law, would allow citizens, if they choose, to pay bills and make other exchanges in gold and silver instead of paper or digital money issued by the Federal Reserve. More importantly, it invites contracts to demand payment in specie, thus largely eliminating the loss of value of paper money owing to inflation — increasing the money supply — by the Fed. Said Maharrey: “This would mark an important step toward currency competition. If sound money gains a foothold in the marketplace against Federal Reserve Notes, people will be able to choose the time-tested stability of gold and silver over the central bank’s [the Fed’s] rapidly-depreciating paper currency.”
More at: https://www.thenewamerican.com/usnews/constitution/item/31428-kansas-joining-parade-of-states-reestablishing-constitutional-money