K.S. Rajan (10
Feb 2012)
"It's for Real - U.S.
States Prepare for Dollar Collapse"
Lee Bellinger's Executive Bulletin
Fr: Stefan Gleason, President
Re: Foreign Countries, U.S. States Prepare
for a Post-Fiat Currency World...
As the Federal Reserve Board defies all precepts of sound money
stewardship, a growing number of states are seriously looking at
alternative currencies (gold and silver) to help their people
protect their wealth.
In the August 2011 issue of our sister publication Money, Metals
and Mining, editor David Morgan received this reader question:
"What are your thoughts on how the endgame of owning physical
silver will go? In other words, what do you think will be the
best way to exit physical 'ounces' one day?"
David's answer, in short: "... it will be spent."
David clarified further, "As paper money becomes less desirable,
people will want something of 'value' for their labor, service,
or good. What I think is very likely to take place slowly at
first and then pick up steam is that silver (gold too) will be
used to transact all kinds of different business deals – from
simple things such as food, all the way up to major purchases
such as real estate. Check out Craigslist.com if you're able to
do so, and you will find more and more ads that will accept or
prefer to deal in silver..."
Many Attempts Taking Place to Help You Spend Your Gold and
Silver in the Free Market...
North Carolina Republican Representative Glen Bradley introduced
a currency bill last year and is quoted by CNNmoney saying, "In
the event of hyperinflation, depression, or other economic
calamity related to the breakdown of the Federal Reserve
System... the State's governmental finances and private economy
will be thrown into chaos."
Independent Living Bullion's Monthly Plan for Gold and Silver
Accumulation
Last year, Utah was the first state (in a long time) to
recognize gold and silver coins minted by the U.S. Government as
legal tender for goods, services, and state taxes. In addition,
Utah does not levy a tax on bullion (although federal capital
gains taxes would still apply).
This year, Idaho legislators introduced the Idaho Constitutional
Money Act of 2012, and Washington legislators introduced the
2012 Gold and Silver Legal Tender Act of Washington State.
One of the sponsors for the Washington bill, Representative Matt
Shea, says, "Sound money is freedom... The free-market is about
competition, and allowing competing currencies is just another
extension of that time-honored principle."
In the past three years, more than a dozen states have
introduced bills or moves to study the feasibility of using gold
and silver as alternative currencies.
Also encouraging is that a number of these states such as
Missouri and Georgia are preparing new legislation to introduce
in the 2012 session.
Numerous other states are gearing up for the next round of sound
money propositions.
Swiss Now Thinking of Bringing Back a Gold-Backed Franc
Over the last few years, sound money initiatives have taken root
primarily at the state level. Except for Congressman and
presidential candidate Ron Paul, there is not much discussion or
activity at the federal level.
On the other hand, Switzerland is discussing introducing a
"parallel" gold Swiss franc (NOT backing the current Swiss franc
with gold). This new gold Swiss franc would circulate alongside
the fiat franc.
"The time is right; the issue simple. We are talking about
freedom of choice in monetary matters.... If today's monetary
system remains as good as today's authorities claim it is, they
shouldn't worry – if it isn't, we, the people, shouldn't be
forced to use it," says Thomas Jacob, responsible for bringing
the gold franc idea to national attention in Switzerland.
Switzerland was one of the last countries to sever its link to
gold. At the time, the law required 40% of issued currency to be
backed by gold. This uncoupling happened rather recently, too,
in the year 2000.
In an interview with the Daily Bell, Jacob was asked if the
Swiss people had forgotten the value and importance of sound
money principles. His reply: "Not the Swiss... politicians
and monetary authorities have."
Let Them Have Silver
Sound money is being actively discussed at the national level in
Mexico, too. President of the Mexican Civic Association for
Silver, Hugo Salinas-Price, says, "In Mexico we have a Congress
that is quite well aware of the importance of this legislation
[silver coin used as a free and competitive currency in Mexico]
and it has broad support both in the Senate and in the Chamber
of Deputies [similar to the House of Representatives]... The
idea is well understood and approved."
Mexican Libertad
Similar to the Swiss plan, silver will NOT back the Mexican
peso. Instead, a one-ounce silver coin called Libertad (Liberty)
will be introduced as a parallel currency and freely circulate
in the market.
What's interesting about this plan is that it attempts to
encourage more savings, and mute out the price volatility
normally found with silver.
When the Libertad launches it will be priced slightly above the
market rate for silver. If silver rises, the value of the
Libertad will adjust up incrementally. But, if prices drop, the
Libertad stays stable at its previous high. For example, if
silver goes to $40 (about 500 pesos) an ounce, then drops
precipitously, the Libertad remains at 500 pesos (or whatever
the official value was set at before silver prices fell).
In this way, the people of Mexico are encouraged to accumulate
savings, while at the same time protecting their buying power.
One challenge Salinas-Price faces ought to sound familiar to
Americans: "If it wasn't for the central bank, this measure
would have passed a long time ago. The party leaders are afraid
to jeopardize their careers by becoming enemies of the central
bank."
Your Own Gold and Silver Standard
You need not wait for national or state-level legislation aimed
at restoring sound money in order to adopt your own gold and
silver standard. The only thing you need in order to establish a
legal barter transaction involving precious metals as payment is
two consenting parties to the exchange.
As confidence in the fiat system erodes, private transactions
will increasingly be done using precious metals. That's what
David Morgan sees unfolding in the years ahead.
To stay up to date with David's expert take on the gold and
silver market and learn how to take advantage of investment
opportunities around the world in this precious metals boom,
take a look at our sister publication, Money, Metals, and
Mining.
Read on to learn how to safely switch your paper money into REAL
MONEY every month...
=============================
Dump the Shady
Banking Cartel:
Adopting Your Own Personal "Gold Standard"
Is Easier Than You Think...
A super-easy-enrollment gold/silver savings
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Unless you already have a systematic plan to diversify your
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you NEED to jump on this information right now...
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All the corrections, market manipulation, and other noise aside,
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Independent Living Bullion American Lantern Press
P.S. –
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Adopt Your OWN Gold and Silver Standard TODAY!
=============================
© 2009-2012 Lee Bellinger's Executive Bulletin, a free
supplemental email newsletter to Independent Living.