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Anyone else hear about this Georgia HB 430?
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Thread: Anyone else hear about this Georgia HB 430?

  1. #1
    Join Date
    Oct 2008
    Location
    USA
    Posts
    358

    Default Anyone else hear about this Georgia HB 430?


  2. #2
    Join Date
    Mar 2008
    Posts
    2,127

    Talking

    What R They Up To??

    They Will Take Your Silver As Payment????
    '

  3. #3
    Join Date
    Feb 2009
    Posts
    40

    Default Hb 430

    Google it,
    It looks like its a Ron Paul sponsored bill for Georgians that want to return to sound Constitutional money. If it passes it won't go into effect until January 2010.

  4. #4
    Join Date
    Mar 2008
    Posts
    1,215

    Default heavy

    Amazing...that's heavy duty!

  5. #5
    Join Date
    Oct 2008
    Posts
    103

    Default

    I almost fell out of my chair when I read this. This ought to rattle a cage or two in the Federal Govt. I live in GA too! Now I have to go study the Constitutional rights of States on this matter. This is interesting.

  6. #6
    Join Date
    Dec 2008
    Posts
    213

    Default

    Quote Originally Posted by cugir321 View Post
    Amazing...that's heavy duty!
    It's really not that amazing....it's the way it SHOULD be and the way the founding fathers wanted it to be.

    It's only heavy because we have been screwed for so long.

  7. #7
    Join Date
    Feb 2009
    Location
    A Fools Paradise
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    3,349

    Default

    That is great news and is consistent with what Ron Paul has just said which is the dollar has all but officially collapsed. I expect more states to pass such resolutions very very soon.

  8. #8
    Ardent Listener Guest

    Default

    Delted due to double post.


  9. #9
    Ardent Listener Guest

    Default

    There was something similar with another state a while back. I'm no legal expert on such things but there still is the matter of this..............

    The Gold Reserve Act of 1934 abrogated the gold clause in government and private contracts and changed the value of the dollar in gold from $20.67 to $35 per ounce. This price remained until August 15, 1971 when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus abandoning the gold standard for foreign exchange (see Nixon Shock).
    The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub.L. 93-373 [1] [2] which went into effect December 31, 1974. P.L. 93-373 does not repeal the Gold Clause Resolution of 1933, which makes unlawful any contracts which specify payment in a fixed amount of money or a fixed amount of gold. That is, contracts are unenforceable if they use gold monetarily rather than as a commodity of trade.

    http://en.wikipedia.org/wiki/Executive_Order_6102

  10. #10
    Join Date
    Feb 2009
    Location
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    Default

    I believe the key to the issue is the word "fixed" if you read the bill the value of gold/silver used in payment is not fixed but rather is tied to the daily spot price.

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