VIDEO: Governor of Utah signing hb 317 the first transaction using a silver dime

[robertwerden]

[ronpaulfollower999]

1 silver dime = $4 pocket knife. Good deal.

A few months ago I got two silver dimes in my change from McDonalds. Best lunch I ever had.

[PaulStandsTall]

I'll eat my hat if someone actually pays state taxes with silver/gold. Hhaha the state would make out on that one!

[Steven Douglas]

I absolutely love this. The seed planted in Utah is definitely growing, and may have more impact on the future I think than most people can fathom at this point. Actual access to lifeboats, regardless of anyone's faith in the larger paper-and-faith ship which has yet to sink.

If you traded exclusively in US minted gold and silver coin (as an alternate competing currency, and therefore not subject to conversion or capital gains tax) in Utah, and only at the face value as defined in the Coinage Acts - there is no "market value" in FRN's to be considered. Or is there -- given that the State right now only accepts FRN's in payment of tax debts, contrary to its constitutionally mandated prohibition.

A few people have tried to pay taxes in silver coin - tried to hold Utah to its (and every other state's) Constitutional prohibition that "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". The State of Utah isn't set up for that. Yet. That will change, however, even as growing facilitation for the ease of circulation of gold and silver coins in Utah is already happening, with full general circulation, regardless of its percentage relative to FRN's, is inevitable.

Of course, the mere acceptance of US minted gold and silver coin by the State of Utah as an "alternate currency", or legal tender, does not negate Utah's Constitutional violation of the prohibition against accepting anything else. But it's a step in the right direction.

Part of the significance of what Utah has done comes from the questions it raises, not solves by itself - by becoming the ONLY state to make US minted gold and silver coin legal tender in payment of debts. That's at face value of those coins as originally defined - not market value in some other currency which has nothing to do with the original coinage except the shared naming convention. It's only a matter of time before Utah is set up to accept these coins as payment of tax debts. When that happens, no FRN transactions or relative market value of FRN's will be considered at the state and local level.

That leaves the Federal government with the task of requiring the people of Utah to convert to FRN's in order to pay their taxes. Not just calling FRN's legal tender that they will accept - but actually forcing the people of Utah, those who trade in nothing but the alternate currency, to acquire and use FRN's for payment of federal tax liabilities. For the people of the state of Utah that opens the door wide to a Major Federal Question, which they can then take to the Supreme Court.

[PierzStyx]

"“I consider that it is not only prudential, but absolutely necessary to protect the inhabitants of this city from being imposed upon by a spurious currency…I think it much safer to go upon the hard money system altogether. I have examined the Constitution upon this subject and find my doubts removed…Article I, Section 10 declares that nothing else except gold and silver shall be lawful tender…The different states, and even Congress itself, have passed many laws diametrically contrary to the Constitution of the United States…The Constitution acknowledges that the people have all power not reserved to itself.” -The Prophet Joseph Smith.

Glad to see my fellow Saints starting to get it somewhat. Now if only they could be shown that Ron Paul is more constitutional, and therefore a better choice, than Romney. Two steps forward, one step back.

[PaulStandsTall]

Time will tell how things go in Utah. Whether the Feds come in and bust them all, or the people accept it on a mass scale, and cause huge change.

Here's hoping for the latter.

[S.Shorland]

Thank goodness there are some real Americans still about.

[NoOneButPaul]

As i'm now reading The Creature from Jekyll Island if history tells us anything it's that the Federal Gov't will have to come in and force the people to use their funny money.

That's the only way people use the funny money once they start to realize it's worthless...