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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Monday, April 24, 2023

Gold and Silver Legal Tender in Maine?



Gold & Silver = Freedom
Fascist governments hate untraceable 
gold, silver and crypto coins.


AUGUSTA, Maine (April 18, 2023) – Last Wednesday, a Maine committee approved a bill that would make gold and silver legal tender in the state. Passage into law would eliminate barriers to using gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.

Sen. Eric Brakey and nine fellow Republicans introduced Senate Bill 1270 (LD1270) on March 21. The legislation would make gold and silver in coin or bar form legal tender for all transactions as long as the buyer and seller agree as to the fair market value of the metal.

Practically speaking, this would set the stage for Mainers to use gold or silver coins and bars as money rather than just as mere investment vehicles. Declaring gold and silver legal tender would create a more favorable legal environment for the use of these precious metals in everyday transactions. 

In effect, it would put gold and silver on the same practical footing as Federal Reserve notes.

On April 12, the Joint Committee on Health Coverage approved LD1270 with an “ought to pass” majority report. Ten committee members signed the “ought to pass” report with two signing on to the “ought not to pass” report.

As introduced, LD1270 included provisions to eliminate the sales tax on the sale of gold and silver. The committee amended that provision out of LD1270 because a separate bill (LD1051) with those provisions recently passed out of the Joint Committee on Taxation.

Maine could become the fifth state to recognize gold and silver as legal tender. Utah led the way, reestablishing constitutional money in 2011. Wyoming and Oklahoma followed suit, and Arkansas joins them this year with a new law that will go into effect this summer.

The effect has been most dramatic in Utah where United Precious Metals Association (UMPA) was established after the passage of the Utah Specie Legal Tender Act and the elimination of all taxes on gold and silver. UPMA offers accounts denominated in U.S.-minted gold and silver dollars. The company was also instrumental in the development of the “Utah Goldback,” described as “the first local, voluntary currency to be made of a spendable, beautiful, physical gold.”

Tenth Amendment Center.com


DON'T WORRY, THE BANKS ARE JUST AS SAFE AS THE VACCINES!



1908 Hungary Gold 100 Korona

In 1918, at the end of world War I, the Austro-Hungarian Empire collapsed and vanished. The Empire's paper money became worthless. But the Empire's gold coins hold their value to this very day.


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