**Montana to use gold & silver as money !!??**

[Pauls' Revere]

House Bill Allows State to Conduct Business in Gold
Flathead Beacon Tue, 17 Mar 2009 16:44 PM PDT
David Hart, former Montana state coordinator for presidential candidate Ron Paul, sent out an e-mail Tuesday urging support for House Bill 639, which would allow the state of Montana to "conduct various financial transactions in gold." The bill, introduced by Rep. Bob Wagner, R-Harrison, may face a committee vote this week, according to Hart. WorldNetDaily.com, a popular conservative Web site, ...

http://www.freerepublic.com/focus/f-news/2208200/posts

http://www.flatheadbeacon.com/articl..._in_gold/8963/

Go Montana!

[RCA]

misleading title, it should say Montana "hopeful" to use gold and silver as money

[Texan4Life]

This has been posted once before and I had some questions that never got answered.

here is a video of the hearing (part 1): http://www.youtube.com/watch?v=7s1bGv6CIJM

and here is some of the questions I had in the earlier post:

seems pretty good, but I have a few questions, that maybe someone would care to explain...

Part 4 @ 7:47: http://www.youtube.com/watch?v=7gKwv...eature=related
He railed against the "gold standard", because its an invitation for fraud and not authorized by the constitution... umm than what is authorized by the constitution?
Then how are we suppose to have a currency backed by gold then?
Am I missing something?


Part 8 @ 2:20: http://www.youtube.com/watch?v=BlGrd...eature=related
He calls for a single global currency and makes the case that it should be backed by gold and not a fiat currency. wtf?

The only response I got:

I think that the point they are trying to make is that they are not advocating a paper currency backed by gold, they are instead advocating a system in wich the silver and gold is the actual currency...

That way we do not end up with another fractional reserve system.

Point two I would say that only the actual metal is legal according to the constitution...

Anyone else?

and my response:

Thanks for taking a shot a my questions...

That makes sense when he was talking about how having a paper certificate has the potential to be abused (banks issue more paper than they have gold/silver)

yet he says that having the actual gold coins in circulation is not good either because of general wear and tear - Part 4 @ 6:02 http://www.youtube.com/watch?v=7gKwv...eature=related.

So if you can't circulate the actual gold coin, and paper certificates are bad to, then how the hell do you go on a gold standard?

His solution is to have an e currency tied to gold, but isn't that equal or more likely to encounter fraud? - the reason he dislikes certificates?

Also about the global currency.. even if 100% honest and tied to gold, wouldn't having an international currency erode national sovereignty? everyone rejects a global fiat currency, whats make a global hard currency any better?

I agree we need sound money 100%, but I found it odd that he contradicts himself in the implementation of it... unless I'm missing something in which I would love someone who is more versed in the subject to please enlighten me.

Thanks

[Pauls' Revere]

misleading title, it should say Montana "hopeful" to use gold and silver as money

changed thanks for the input.