Comments on: Ending the Fed From the Bottom Up

By: Ending the Fed From the Bottom Up - TaJnB | TheAverageJoeNewsBlogg

Ending the Fed From the Bottom Up - TaJnB | TheAverageJoeNewsBlogg — Wed, 19 Oct 2011 04:32:44 +0000

[...] GreeneTenth Amendment Center September 19, [...]

By: Ending the Fed From the Bottom Up

Ending the Fed From the Bottom Up — Wed, 28 Sep 2011 19:15:47 +0000

[...] GreeneTenth Amendment Center September 19, [...]

By: Tim

Tim — Mon, 26 Sep 2011 07:35:44 +0000

Also, this would eliminate the “national/federal” income tax due to the fact that we’re not “excersizing” our monetary transactions with FRNs. So, there wouldn’t be anything to tax. The States, however, would first need to change their current income tax laws (if they even need them after this since their own revenue would sky rocket) because ALL State income tax laws are based on the Federal governments own IRC (Internal Revenue Code and U.S.C. Title 26). So, you’d better get on a template for that as well, because you can’t enact this legislation without rewriting the other. Otherwise, we’re stuck still converting gold/silver to FRNs at the end of every tax year. Now, federal employees could still be required to use FRNs since they ARE within the jurisdiction of D.C., they would just need to convert their FRNs into gold/silver in order to pay for gas, food, etc. within the states.

By: Ending the Fed From the Bottom Up | The Partisan Ranger Blog

Ending the Fed From the Bottom Up | The Partisan Ranger Blog — Tue, 20 Sep 2011 23:24:50 +0000

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By: Max

Max — Tue, 20 Sep 2011 01:49:14 +0000

Two important errors in article:
First, the Constitution just says States have to make gold and silver legal tender, not legal tender gold and silver U.S. coins. In the first part of this country, many times silver and gold were spanish silver coins for example. It says nothing about where they are minted, nor did the country care. Spanish silver dollars and pieces of eight were so common in the first part of this country that we still counted in 8ths when our stock markets began – who continued to count that way all the way until recently. http://money.howstuffworks.com/personal-finance/f…

Second:
Legal tender is also what court judgements are made in. If someone is required to pay another party in dollars, it should be in gold and silver coin. Translating all the court decisions to silver and gold goes a lot further to getting rid of worthless federal reserve notes. They use to say redeemable for silver and gold on them – they no longer are so are no longer legal tender.

By: Big Dave

Big Dave — Sat, 09 Jul 2011 19:30:18 +0000

I understand your intent. But I believe there is an unintended consequence you may not have considered. Gold and silver are finite resources. If, suddenly, states started doing business in hard metals, the prices for these metals would skyrocket. Do you remember the hunt brothers’ attempt to corner the world market on silver some years ago? I foresee that happening again, but on a larger scale, and successfully. It would take only a consortium of very rich people to seize control of the bulk of the gold and/or silver markets to completely screw the average citizen.

Now you have homeowners who MUST pay their taxes in gold or solver. And, they MUST buy said metals from the robber barons who scooped up control of that market. And, guess what? These predators now want 20 − 30 − 50 times what the metals would cost in an open market. Meet the new bosses – same as the old bosses.

But, you have to buy gold or silver at exorbitant prices to pay your taxes. Unless, of course, the government(s) want to set the price. Does each state set their own prices on gold and silver? Is it done at the federal level? Is it a consortium?

I agree with the idea as a method to starve the Fed. But, the devil will be in the details … as always.

By: @itsootsme

@itsootsme — Sat, 23 Apr 2011 22:50:58 +0000

Barter with ammunition, hee, hee. Money and Constitutional Preservative, all in one neat package!

By: @itsootsme

@itsootsme — Sat, 23 Apr 2011 22:48:20 +0000

Utah has legislated that US gold and silver coins are now legal tender. As of March, 2011.

By: Changing to a “Legal” Gold & Silver Economy – Tenth Amendment Center Blog

Sun, 03 Apr 2011 17:11:00 +0000

[...] and use ONLY gold & silver coins in State transactions. Check out the paperÂ ”Ending the Federal Reserve from the Bottom Up“Â for a more detailed explanation of how this would lead to a “legal” gold & [...]

By: Alexander Baron

Alexander Baron — Thu, 03 Feb 2011 11:06:37 +0000

Why we don't need banks

http://www.youtube.com/watch?v=qjKKjBia2pg youtube]