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Arizona Becomes 2nd State To Make Gold & Silver Legal Tender

Tyler Durden's picture





 

Just under a month ago we raised the prospect of a number of states following Utah (which authorized bullion for currency in 2011) down the path of gold and silver as legal tender. "The legislation is about signaling discontent with monetary policy and about what Ben Bernanke is doing," was how this shift was previously described and as Yahoo reports, the Arizona Senate on Tuesday approved a measure to make gold and silver legal currency in the state, in a response to what backers said was a lack of confidence in the international monetary system. The bill will make gold and silver coins legal tender as of mid-2014 and more than a dozen other states continue to mull the transition. Those against the bill argue somewhat ironically, "anybody who thinks gold or silver is a really safe place to put your money had better think again," anchored on the last two weeks, but as one supporter of the bill added, a "sound and honest money system such as gold and silver" is needed to bring stability.

 

Via Yahoo,

The Arizona Senate on Tuesday approved a measure to make gold and silver legal currency in the state, in a response to what backers said was a lack of confidence in the international monetary system.

 

...

 

The bill calls for Arizona to make gold and silver coins and bullion legal tender beginning in mid-2014, joining existing U.S. currency issued by the federal government.

 

If signed into law, Arizona would become the second state in the nation to establish these precious metals as legal tender. Utah approved such legislation in 2011.

 

More than a dozen states have considered similar legislation in recent years, according to the National Conference of State Legislatures.

 

...

 

He also pointed to the recent decline in the value of gold - which sank to $1,321.35 per ounce on April 16, its lowest price in more than two years - noting that "anybody who thinks gold or silver is a really safe place to put your money had better think again."

 

The push to establish gold and silver as currency has become increasingly popular in the United States in recent years

 

...

 

... the legislation was needed to counter what he sees as insolvency in the global monetary system.

"The dollar system and all of the other derivative currencies, including the euro, are a recipe for worldwide bankruptcy," Weiner told lawmakers at an earlier hearing, adding that a "sound and honest money system such as gold and silver" was needed to bring stability.

 


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Wed, 05/01/2013 - 10:42 | Link to Comment vmromk
vmromk's picture

That's another COCK Arizona just jammed up Bernanke's ass.

Hahaha Bernanke, you will go down as the most incompetant criminal the "Fed" has ever had.

Some legacy the Bernanke name will hold in history.

Wed, 05/01/2013 - 10:53 | Link to Comment Manthong
Manthong's picture

The feds will ferociously fight this fiduciary infringement on their fiat fiefdom.

But.. if you think this situation through you will discover how badly the country was f’d in 1913 with the 17th Amendment.

The state legislatures should control the Senate as the founders intended.

The Senate should not be the beauty contest for special interests that it has become.

Wed, 05/01/2013 - 10:56 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Texas will be the next, then New Mexico, then Montana, then...  Civil war 2.0.  Bring it, fuck the criminals in D.C.

Wed, 05/01/2013 - 11:10 | Link to Comment freewolf7
freewolf7's picture

Come on, Colorado, grow a pair.

Wed, 05/01/2013 - 11:14 | Link to Comment Pinto Currency
Pinto Currency's picture

 

The Chinese seem to be ahead of us all on gold - they aren't waiting for a law.  They just do it.

 

Data for the Shanghai Gold Exchange physical delivery statistics (compare these numbers to the Comex):

http://www.goldminerpulse.com/v/shanghaiGoldExchangePhysicalDelivery.php

 

  • Peak One Day Delivery: 35.7 tons of gold, 22 March 2013.

  • Current Month Delivery: 208.6 tons of gold as of 26 April 2013.

  • Peak One Month Delivery: 328 tons of gold, March 2013.

  • Gold Delivery Since 1 January 2013: Gold delivery (year to date): 1030 tons.

Wed, 05/01/2013 - 11:17 | Link to Comment bernorange
bernorange's picture

The Governor still needs to sign the Arizona bill.  It's passed the state House and Senate, but it's not official yet.

Wed, 05/01/2013 - 11:22 | Link to Comment Manthong
Manthong's picture

"Chinese seem to be ahead of us "

..and how many grains are allegedly sitting in the Comex closet?

Wed, 05/01/2013 - 11:29 | Link to Comment Pinto Currency
Pinto Currency's picture

 

The Comex alleges billions of grains.  But their rulebook has numerous outs.

 

See this note :

 

Week of 26 April -- strange drop off in physical delivery? As of 25 April, physical deliveries on the SGE have been 1 ton (0 tons 22 April, 24 April and 25 April). The last time the SGE has a week of just limited deliveries as base in January 2011, a month that saw 21 days with less than 1 ton of gold delivered per day. Is this due to lack of inventory for delivery?

http://www.goldminerpulse.com/v/shanghaiGoldExchangePhysicalDelivery.php

Wed, 05/01/2013 - 11:37 | Link to Comment fonzannoon
fonzannoon's picture

I saw ZH did not do much in the way of inventory reporting yesterday. My guess is the numbers went into fudging overdrive and ZH moved on.

Wed, 05/01/2013 - 11:36 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Chinese are hoarding WMDs?  Weapons of Monetary Destruction?

Must have proxy country (Japan) engage them in cold currency war, then hot war.  Good for Japanese economy. /s

Wed, 05/01/2013 - 11:42 | Link to Comment Pegasus Muse
Pegasus Muse's picture

I bought silver today.  Did you?

====

Buy Silver on May 1 And Break The Cartel

http://www.24hgold.com/english/news-gold-silver-buy-silver-on-may-1-and-break-the-cartel.aspx?article=4353903054G10020&redirect=false&contributor=Ranting+Andy

http://bullion.nwtmint.com/silver_nwtmintbullion.php   -- competitive prices but long wait.  order-to-ship time 10 - 14 weeks, sometimes longer

Wed, 05/01/2013 - 12:46 | Link to Comment Its_the_economy...
Its_the_economy_stupid's picture

10-14 weeks? That is suspiciously akin to purchasing a derivative.

Wed, 05/01/2013 - 13:21 | Link to Comment traderjoe
traderjoe's picture

Do not buy from nwtm. Unreliable.

Wed, 05/01/2013 - 15:03 | Link to Comment SilverDOG
SilverDOG's picture

So right.

They LOVE to hold your fiat currency AND your Precious Metals.

I was forced to send a legal request for sales to be completed, by delivery.

We are not talking a pallet of silver.

They did send, a poorly packed, disheveled order.

Looked as though it was hastily stolen from a pile in the basement.

 

 

Wed, 05/01/2013 - 11:39 | Link to Comment SV
SV's picture

Seriously - Knowing their legislature they'll advise you to ward off someone presenting precious metals for payment by "vomiting or urinating" on them.

Wed, 05/01/2013 - 11:58 | Link to Comment Nobody For President
Nobody For President's picture

Common FreeWolf, Colorado just made weed legal. One thing at a time...

Wed, 05/01/2013 - 12:17 | Link to Comment debtor of last ...
debtor of last resort's picture

What's DC? Your Brussels? Their Waterloo?

Wed, 05/01/2013 - 11:10 | Link to Comment McMolotov
McMolotov's picture

BREAKING NEWS (AP): Obama says the probable use of metallic weapons by the Utah and Arizona governments "has crossed the red line," and an appropriate response will be forthcoming.

Wed, 05/01/2013 - 11:15 | Link to Comment freewolf7
freewolf7's picture

Got a link, please?

Wed, 05/01/2013 - 11:25 | Link to Comment Precious
Precious's picture

Just Google "Weapons of Class Destruction"

Wed, 05/01/2013 - 11:27 | Link to Comment GoldForCash
GoldForCash's picture

Weapons of mass construction.....

Wed, 05/01/2013 - 11:55 | Link to Comment freewolf7
freewolf7's picture

When I Google "Weapons of Class Destruction", all I get is CNBC, Boston bombing, and ways to sell my gold bars. 

Wed, 05/01/2013 - 11:13 | Link to Comment fonzannoon
fonzannoon's picture

BREAKING NEWS SOME MORE (Ruters) Boston Bombing older brother was from Utah and younger Brother was from Arizona. They purchased bomb components by using precious metals as currency and detonated the bomb using bitcoin.

Wed, 05/01/2013 - 11:21 | Link to Comment McMolotov
McMolotov's picture

Uh oh:

http://www.zerohedge.com/news/2013-05-01/boston-police-announces-three-m...

Bet the three new suspects were from Texas.

Wed, 05/01/2013 - 11:24 | Link to Comment Precious
Precious's picture

... under alien instructions that taxes are causing human extinction.

Wed, 05/01/2013 - 13:08 | Link to Comment akak
akak's picture

In further news, both BBBs (Boston bombing brothers) have been linked to West African gold mining child slave labor exploitation.  Child slave laborers were themselves unavailable for comment, being chin-deep in mercurious mud deep in the bowels of the earth.

Wed, 05/01/2013 - 13:59 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

What duplicitous and disingenuous assholes! Well, at least they are not deflationary. ;-)

Miffed;-)

Wed, 05/01/2013 - 14:14 | Link to Comment akak
akak's picture

"At least they are not deflationary flat-earthers", you mean.

You must get your terminology of disingenuousness straight.

Wed, 05/01/2013 - 14:22 | Link to Comment Miffed Microbio...
Miffed Microbiologist's picture

My mistake! Crap, you have to restart your 30 day timer because of me. My apologies. ;-)

Miffed;-)

Wed, 05/01/2013 - 11:30 | Link to Comment Stoploss
Stoploss's picture

Paul is definitely NOT going to like this..

Wed, 05/01/2013 - 10:56 | Link to Comment ziggy59
ziggy59's picture

Incompetent criminal is redundent when referring to the FED

Wed, 05/01/2013 - 10:55 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

The true lesson will be taught to the people of Arizona when the shop keepers have prices listed in DUHllars and Gold/Silver.  When people see that the ounces/fractional ounces stays consistent with each good, but the DUHllars fluctuate they will start to finally ask some questions....I hope in one hand while shitting in the other.

Wed, 05/01/2013 - 11:03 | Link to Comment CheapBastard
CheapBastard's picture
Gresham's law in action.
Wed, 05/01/2013 - 14:56 | Link to Comment Cathartes Aura
Cathartes Aura's picture

have they changed the rules then, the coins are being "valued" at spot, not "face value"?  because I believe that's the Utah ruling, "face value" for usage.

either way, making laws that allow for gold/silver coin usage still includes a bank/market manipulation on their value, so it's hardly the big freedom from the bankers that's being touted. 

who's making the rules for valuation?

edit: did a bit of a search, THIS is very interesting - Utah has a plan:

Ryssdal: So I can have some 1792 gold, double-eagle, walking liberty coin, whatever they call 'em -- because you guys do special stuff, right? -- and plop it down on the counter?

Franco: Theoretically, yes. Now practically, that's impossible to do. So what we've done at the Utah Gold and Silver Dispository is we have developed a debit card that allows for people to deposit their gold and silver like you would deposit cash in a bank. And we can issue a debit card against the value of your gold or silver holdings.

uh yeah, cool story bro.

of course, the banks still control the price. . .

Wed, 05/01/2013 - 11:23 | Link to Comment Aeternus
Aeternus's picture

Section. 10.

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

 

http://www.youtube.com/watch?v=deuC8GPr31A

Wed, 05/01/2013 - 11:34 | Link to Comment Moe Howard
Moe Howard's picture

I'm a Kentucky Kernal, does that count as a title of nobility? Oh, wait, Kentucky isn't a state, it's a commonwealth, so we are exempt. Never mind.

Wed, 05/01/2013 - 12:23 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Your is a title of military RANK.  But you do raise an interesting point:

Do 'noble titles' bestowed to people (99.9% men) in secret societies and the life-long ties they represent, not constitute "titles of nobility"?  Even though these 'titles' are technically not passed to their children (sons), these children (sons) are virtual shoe-ins for obtaining these title also.  So it becomes a "re-affirmation ritual" from one generation to the next.  Case in point:  Bush Sr and Bush Jr, and Yale's "Skull & Bones".

Wed, 05/01/2013 - 12:52 | Link to Comment Diogenes
Diogenes's picture

Those aren't granted by the state. A private club can call its officers whatever it likes, no one is obliged to recognize them outside the club.

The most prestigious titles are those awarded by the people e.g. Elvis = The King.

Wed, 05/01/2013 - 14:50 | Link to Comment Joe Sixpack
Joe Sixpack's picture

You mean, Sir George Bush? Don't forget Sir Colin Powell, too.

Wed, 05/01/2013 - 12:15 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

How are these working out for us -- in terms of being adhered to, per http://www.usconstitution.net/xconst.html

Article I, Sec. 8:  To declare war... To coin Money, regulate the Value thereof, and of foreign Coin...

Article I, Sec. 9:  The privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.

Article I, Sec. 9:  No Tax or Duty shall be laid on Articles exported from any State. ... No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.

Article I, Sec. 10No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

Amendment 10: The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

 

What HAS happened to these Articles & Amendments?  Well...

Art.I, Sec. 8 (declare war) has not been used in decades.

Art.I, Sec. 9  Has not been used (much) since 9/11/2001

Art.I, Sec. 9: If you're not careful, some vendors will slap you with their state tax, even if you're buying from out of state

Art.I, Sec. 10: No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts

  It say NOTHING about any other entity -- especially a private (banking) cartel, i.e. 'The Federal Reserve System' (aka The Fed) issuing money -- which they do!

Amendment 10:  If it isn't forbidden, it's allowed!

So, F.Y. Fed!

p.s. Note that the law enforcement of fraudulent coinage (real money!) should fall to the Treasury or a National law enforcement agency under the Treasury.  This has also been usurped by private cartel of The Fed, since the Secret Service reports to them.  It is note-worthy that the same Secret Service that is responsible for providing (or withdrawing) its security detail to the POTUS also reports to same private cartel, i.e. The Fed.  So, for argument's sake, if a president were to issue an Executive Order (EO) to have the Treasury issue coin (debt-free money!), then the POTUS and his EO would be in direct 'conflict' with The Fed and its mission.  It's a lucky thing that no POTUS has ever issued such an order or had his presidency shortened by political or 'other' means.


 

Wed, 05/01/2013 - 12:24 | Link to Comment midtowng
midtowng's picture

Sorry, but Greenspan is still worse.

Wed, 05/01/2013 - 10:43 | Link to Comment unwashedmass
unwashedmass's picture

 

meanwhile in Connecticut, they are planning on tracking down anyone who buys or sells gold. guess we know where all the folks working at the Comex live. 

Wed, 05/01/2013 - 11:08 | Link to Comment Rustysilver
Rustysilver's picture

unwashedmass,

I'm in Ct; I did not hear anything.  Some gun manufacturers are moving out b/c of the silly laws they just passed. None would stop Nancy Adams form buying guns. But that isn't the point, is it?

Wed, 05/01/2013 - 12:27 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

A friend in NYC tells me the same thing.  Can this be confirmed?

Although, with the recent PM smack-down and ensuing bullion rush, people have had to leave a paper trial by issuing a check, to cover the ordering of PM at bullion/coin dealers.  It's a defacto equivalent:  "If you can't beat them on principle, beat them on procedure".  A trial lawyer's favorite tactic.

Wed, 05/01/2013 - 10:42 | Link to Comment fonzannoon
fonzannoon's picture

Fuck you McCain.

Wed, 05/01/2013 - 10:50 | Link to Comment Dr. Engali
Dr. Engali's picture

I have never liked that greedy old fuck, and I never understood people's infatuation with the lying bastard.

Wed, 05/01/2013 - 11:14 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

I think the media just pretends that people take him seriously, but I don't know a single person in real life who does.  Strange how that works.

Wed, 05/01/2013 - 11:45 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Oddly, his 2008 primary campaign was days from shutting down due to lack of money and voter interest, then somehow all of a sudden he started winning primaries.

Wed, 05/01/2013 - 11:50 | Link to Comment Moe Howard
Moe Howard's picture

He had to carry his own suitcases at the airport and catch a cab to the hotel. I remember it. Suddenly, he was a winner that became a doggies dinner.

Wed, 05/01/2013 - 12:02 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

+1 for Nick Lowe reference

https://www.youtube.com/watch?v=c3dTc4kyIOU

Wed, 05/01/2013 - 13:01 | Link to Comment Temporalist
Temporalist's picture

Buckaroo it wasn't so odd when you consider that Ron Paul was soaking up all the attention and disenchanted voters. TPTB backed McCain so they could maintain their old money power in the R party and not lose it to some honest patriot who would ruin the MIC/Fed/DC fiesta.

And if you want a good laugh, remember that Mittens lost to that old dusty cunt McCain, and then thought he had a chance a 2nd time.

Wed, 05/01/2013 - 10:53 | Link to Comment madcows
madcows's picture

I don't know what he has to do with the article, but he's all for drones on US soil, so, yeah, FUCK YOU McCAIN.

Wed, 05/01/2013 - 10:58 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Not being a dick head, which is my character trait, the bill was passed in Arizona and Shortarms McCain is a Senator there.

Wed, 05/01/2013 - 10:58 | Link to Comment fonzannoon
fonzannoon's picture

I am guessing that based on the sellout scumbag Devil of a human being that he is, this bill was either passed in spite of him, or if he endorsed it, it's because it will somehow make it easier for him to help big bro confiscate it.

He is that evil.

Wed, 05/01/2013 - 13:14 | Link to Comment seek
seek's picture

McCain is basically a DC resident now. Since the bill is state legislature, he has no say.

Very few people here think he represents Arizona. He was just in state recently inspecting something for O, and had a massive presidential motorcade/protection detail. It's like the shit out of Hunger Games, how out of touch he is with his alleged constituency.

Wed, 05/01/2013 - 10:57 | Link to Comment Manthong
Manthong's picture

Senator Keating er.. McCain is the poster boy for what is wrong with the federal government.

Wed, 05/01/2013 - 13:03 | Link to Comment Rustysilver
Rustysilver's picture

Manthong,

I blame the Vietnamese.

Wed, 05/01/2013 - 12:33 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

<--- Serious

<--- Sarc

I'm all for drones 'droning' all illegals (drug smugglers, human trafficers, gangsters and terr'ists) as they cross the border.  Decent people cross legally, and with papers.  Like millions have.  So, fuck 'em! Drone all the illegal crossings.  Where do I apply?

Wed, 05/01/2013 - 14:32 | Link to Comment Cathartes Aura
Cathartes Aura's picture

McCain's for more than drones in AZ, if anyone's paying attention to ex-CIA air base in Marana AZ, top secret security, *nods*

he has his counterpart in OryGun's Ron "dual passport" Wyden (aka Weidenreich), who also campaigns for bringing drones to his state.

good business, don't ya know. . .

Wed, 05/01/2013 - 10:45 | Link to Comment Killer the Buzzard
Killer the Buzzard's picture

What backs gold, exactly?  LMAO.  http://youtu.be/UZXX5i8tj5s

Wed, 05/01/2013 - 10:47 | Link to Comment FieldingMellish
FieldingMellish's picture

World history and 3 billion Asians.

Wed, 05/01/2013 - 11:19 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

+1 billion Africans, also fans of gold.  The nearly 400 million South Americans are also pretty fond of gold, even if their governments are still largely under the thumb of the US.  It's pretty unique to the US, Canada, and Western Europe as having a citizenry that is largely ignorant of the value of gold.  Definitely speaks to the power of propoganda.  

Wed, 05/01/2013 - 12:56 | Link to Comment Diogenes
Diogenes's picture

The power of honest money. As screwed up as our money is, it hasn't gone to zero since 1945 in Germany. So people have faith in it.

Any government could make gold obsolete simply by turning honest and not screwing the people with inflation and money printing.

Wed, 05/01/2013 - 13:06 | Link to Comment Temporalist
Temporalist's picture

Canadians aren't ignorant to the value of gold if you examine the great lenghts they go to extract it in foreign countries (SA) and the harm they do along the way.  It must be pretty damned important to them.

Wed, 05/01/2013 - 15:39 | Link to Comment Radical Marijuana
Radical Marijuana's picture

Yes, Temporalist, BUT, the Canadian government is still so colonial that it has been selling all its own gold off.

The government of Canada is one of the worst fascist plutocracy puppets in the world, despite that a significant number of people and institutions which are ostensibly "Canadian" are fascist plutocracy players in their own right.

The paradoxical situation in Canada is that precisely because it has had a relative vast abundance of natural resources, compared to a relatively small human population, material life for many Canadians has been quite comfortable, HOWEVER, that comfort contributed to them being amongst the relatively most brain dead Zombie Sheeple, who let their government sell almost all their gold, without a clue, nor any interest, in what is going on.

Although French Canadians, and the ~1% of Natives of course, have different attitudes (that the authorities are NOT their friends), remember that Canadians were those who were the loyalists, not the revolutionaries. The mainstream Anglo-Canadians are more completely clueless, and want to stay that way more, BECAUSE their history has made them be able to be relatively comfortable doing that.

Of course, just like the USA, since the 1960s, the old Anglo-Canadian identity has been swamped by wave after wave of immigrants from everywhere. Therefore, it is no longer as possible to say anything coherent about "Canadians" ... except that I would repeat that the history of Canada as a colony, that never went through any revolution, but only a belated and slow evolution, has meant that Canada is still extremely COLONIAL regarding what it does, and what its people think ... which explains why Canada has been selling off all its own gold, at silly low prices, for quite a while.

Sure, some Canadian mining companies are busy producing gold in other countries, but Canadians are ignorantly giving away their own gold to others, while most of them are completely clueless about all of that, and want to continue to be clueless ... Remember, Canada is STILL in its housing bubble, which has still NOT popped. Unlike the USA and UK, Canadian households are still going deeper into debt overall, because their world view is still in a relative bubble, which is quite different than the sense of social reality felt by more people in the USA or the UK.

Ironically, when one looks at every possible factor, both present and future, Canadians relatively still DO deserve to be complacent, compared to other countries. However, that sense of complacency is WHY they continue being able to be some of the most deliberately ignorant and misinformed people on the planet from a political point of view (relative to their otherwise higher level of education on other topics.)

Wed, 05/01/2013 - 16:07 | Link to Comment Catch-22
Catch-22's picture

 

 

… next time someone here visits Canada, tell a local that O’bummer smokes…

… see how fast your whole credibility/integrity disappears...

... HOW DARE YOU!!!

 

Wed, 05/01/2013 - 16:38 | Link to Comment akak
akak's picture

I hate Canadians because they can't even figure out how to not say "hockey" as "HAW-key".

Wed, 05/01/2013 - 17:14 | Link to Comment Catch-22
Catch-22's picture

 

 

Since the word "hockey" is a corruption of the word "hook" (referring to the end of the stick), maybe it should be called playing “Hookey”…

 

Wed, 05/01/2013 - 11:24 | Link to Comment Joenobody12
Joenobody12's picture

The central bank of Germany.

Wed, 05/01/2013 - 10:43 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

I guess the real question is......how did Gold and Silver ever become illegal as "tender".

Wed, 05/01/2013 - 10:51 | Link to Comment Skateboarder
Skateboarder's picture

Ever since a book of voodoo "laws" replaced the original intent of operation for a republic.

Wed, 05/01/2013 - 10:57 | Link to Comment Bananamerican
Bananamerican's picture

How? For the same reason the messenger is always getting shot....Gold is a snitch

Wed, 05/01/2013 - 10:57 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

The old "legal tender laws" put in place by some paper bug legislators that had interests in the banksters - just like how the Federal Reserve Act was passed.

Wed, 05/01/2013 - 12:39 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

According to the US Constitution (and isn't Obama a Constitutional Lawyer?), it has always been "legal".

According to The Fed (and its Chairman), it has become a "tradition" of the past, since they've replaced it with fiat FRNs and fiat Ledger Entries at the Fed, Treasury and banks.

It's a tacit bait & switch in a monetary game of Liars Poker, in which nobody has yet called "bullshit!"

Wed, 05/01/2013 - 10:46 | Link to Comment Howard
Howard's picture

Any employers here looking for an top industrial engineering graduate with sales engineering experience in Arizona? I accept payment in gold and silver...

Wed, 05/01/2013 - 10:47 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

Shit.   How are we gonna invade and fight 5 wars at the same time now?     Afghanistan, Iraq, Libya, Utah, and now Arizona.

Wed, 05/01/2013 - 10:47 | Link to Comment John McCloy
John McCloy's picture

  Ironic that the 2nd U.S. civil war may be fought to enslave the citizens to fiat currency.

Wed, 05/01/2013 - 11:02 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Spot on.  From iron chains to chains of debt.  Nice work, roll the mother fucking guillotines.

Wed, 05/01/2013 - 11:18 | Link to Comment Moe Howard
Moe Howard's picture

Where is the Comité de salut public when you need it, bitchez

Wed, 05/01/2013 - 11:16 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

The history books will probably say that it was fought to free the "Undocumented Immigrants"

Wed, 05/01/2013 - 12:47 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

My 80 y.o. father argued (30 years ago), that: "The US had never abolished 'slavery'.  The US politicians and bankers merely replaced the chains of physical slavery with invisible chains of mental and financial slavery.  1913, 1931 and 1971 were landmark years for this transition."

Wed, 05/01/2013 - 10:50 | Link to Comment NidStyles
NidStyles's picture

Streets closed pizzaboy. You don't want to fight Arizona, we have more guns than you.

Wed, 05/01/2013 - 10:52 | Link to Comment Dealyer Turdin
Dealyer Turdin's picture

Water.

Wed, 05/01/2013 - 10:55 | Link to Comment NidStyles
NidStyles's picture

You seriously think there's no water in Arizona? Silly nubile amatuer. All of our water comes from local sources here.

Wed, 05/01/2013 - 10:58 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Something about having some rocky mountains in your state eh?  People really don't understand how math or watersheds really work do they?

Wed, 05/01/2013 - 11:04 | Link to Comment NidStyles
NidStyles's picture

It would seem so. They must be able to stop gravity as well.

Wed, 05/01/2013 - 11:26 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

There is a general bias to look at Las Vegas as representing "the West", since that's the place most easterners have been.

Wed, 05/01/2013 - 11:45 | Link to Comment Thisson
Thisson's picture

Well, the Hoover Dam may cease operation in the next 2 years due to water levels being too low.  Once that power source goes offline, it's gonna turn AZ into quite a mess.

Wed, 05/01/2013 - 13:32 | Link to Comment Temporalist
Temporalist's picture

It's a good thing it's sunny in the desert.

Wed, 05/01/2013 - 11:51 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

Barry Goldwater woulda been proud of his Aridzonians.

Wed, 05/01/2013 - 10:53 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

Hey I think if we invade Iran that may be too much and Arizona will be left alone.

Wed, 05/01/2013 - 11:09 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

"Well we have to invade SOMEBODY." - Every inflationary regime ever.

Wed, 05/01/2013 - 11:11 | Link to Comment NotApplicable
NotApplicable's picture

LOL

Arizona won't even be allowed to successfully defend its south border, let alone the other three. Screw with TPTB too much, and "their boys" will get all sorts of trouble stirred up down there, leaving you with no choice but to cry "Uncle (Sam)!"

Wed, 05/01/2013 - 11:41 | Link to Comment Ignatius
Ignatius's picture

Arizona, yes, very independent.  Now imagine that in Russia some powerful and sympathetic  people set up a lobby group (like ACPC - American Committee for Peace in the Caucasus) to support Arizona's independent streak and the founding members are people like Woolsey (CIA), Pearl, Gafney, Ledeen, etc..  They understand Arizona's wish to 'breathe free'.  Don't we all?  Well, that's exactly whats going on in Chechnya (ancestral home of the now infamous Tsarneav brothers) which is a province of Russia.  You know, like a state....

Oh, right, uh we were talking about Arizona wanting to make gold & silver legal tender.  Sure, why not....

Wed, 05/01/2013 - 11:44 | Link to Comment yogibear
yogibear's picture

This is proof it's better to have the real thing rather than paper.

How scared would the criminal be if you showed him a paper certificate for a gun?

Wed, 05/01/2013 - 12:56 | Link to Comment KnightTakesKing
KnightTakesKing's picture

Electricity.

Wed, 05/01/2013 - 11:32 | Link to Comment GoldForCash
GoldForCash's picture

This time times 5.. We take the spoils of war like Germany was doing..even the Jewish fillings....SICK people out there.

Wed, 05/01/2013 - 12:05 | Link to Comment decon
decon's picture

As a native son of Arizona, good luck with that adventure.  We learned a lot from the mistakes of the Apaches.

Wed, 05/01/2013 - 10:46 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

today is the 1st of May...

i expect updates on how many oz's of either form of the only 2 forms of real money all ya'll purchased as a means of resistance today...

begin with the attack on and a rejection of their worthless paper...

the rest we reserve for the appropriate moment...

DO YOUR FUCKING DUTY....

FUCK YOU BERNANKE YOU BITCH ASS SOCIOPATH BANKER FUCK!!!!!!!!!!

Wed, 05/01/2013 - 11:24 | Link to Comment freewolf7
freewolf7's picture

The tide is coming in...

wooosh...

Wooosh...

Wed, 05/01/2013 - 11:14 | Link to Comment NotApplicable
NotApplicable's picture

All you're doing is to increase the speed of the collapse of the physical market, as this action is but to drain the pool completely. Dealers will not be able to find much product to resupply, as the mints will likely never keep up with demand now.

At that point, why should TPTB care about the fiction of the Comex? A force majure declaration comes next, and the loyal bullion banks of the world are freed from their burden of acting as agents of the US Treasury.

 

Wed, 05/01/2013 - 11:17 | Link to Comment markovchainey
markovchainey's picture

And it's on sale again today...whoo hoo! 

Wed, 05/01/2013 - 10:47 | Link to Comment Downtoolong
Downtoolong's picture

"anybody who thinks gold or silver is a really safe place to put your money had better think again"

They still don't get it. Gold and silver aren't a place to put your money; they are money.

 

Wed, 05/01/2013 - 17:01 | Link to Comment Radical Marijuana
Radical Marijuana's picture

Sure, Downtoolong, the original meaning of the word "money" was metal coins. However, money became more of a claim on resources, rather than a real resource, with intrinsic value in itself. The possession of money, as in the possession of gold and silver, does not actually exist without some public violence to back up that claim of private property. Mostly, I find people tend to presume upon there being some "rule of law" to be the force to back up their possession of money. Those people tend to not think that through ... They especially tend to not think through the paradox of enforcement, that NOBODY GUARDS THE GUARDIANS.

Money is backed by murder. Functional money has no real meaning unless there is some murder to back that money up. Nobody possesses any gold or silver, unless there is some kind of force to back up their claim to own that money.

As DoChenRollingBearings commented in

http://www.zerohedge.com/news/2013-04-26/illuminati-were-amateurs-matt-t...

"Au is my hobby...  Pb is what defends it..."

That problem has become extremely amplified by advances in science and technology! Gold and silver coins, backed by swords and spears, became paper money, backed by rifles and cannons, which then relatively recently became electronic money, backed by atomic bombs. While gold and silver coins had the "Ring of Truth" within them, since they can not be made out of nothing, they are still within the context of energy systems, in which the death controls are what make any debt controls actually workable.

It seems remarkably silly to me that people want to go backwards to "honest money" or "sound money" based on silver and gold, AFTER the conservation of matter has been superseded by the conservation of energy. Lead bullets HAVE been replaced by depleted uranium munitions, which are quite insane, because they are being used inside the old Neolithic Civilization style social pyramid systems, which have become utterly archaic. The old slavery systems were based on "Do what I say, or I will kill you." Those have recently developed into awesomely sophisticated social slavery systems, which are effectively based on threatening to commit omnicide. Our force backed frauds are now poisoning the planet, for thousands of years into the future, in order to accomplish their short-term goals.

It has been PROVEN that matter is a form of energy, and therefore, the conservation of matter is an expression of the conservation of energy. However, the vast majority of people, and therefore, all our established social institutions, are still able to cruise on autopilot, doing the same old things, on astronomically amplified scales, without, so far, having to actually THINK more deeply about what there were doing.

Our physics has gone through PROFOUND PARADIGM SHIFTS, and therefore, our metaphysics should also be updated. However, we have the social inertia and social habits surrounding our established state religion, which is our monetary system, NOT adapting to those new realities. We should have our political science go through PROFOUND PARADIGM SHIFTS. However, by and large, many people want to go backwards, than forwards, and therefore, want to go back to money based on gold and silver.

I find that ridiculously absurd, when the actual global situation is already electronic money, backed by atomic bombs. There is a combined money/murder system, in which "legal tender" only means whatever some force can back up the meaning of. We have way, way, way, more difficult problems now that our murder systems have weapons of mass destruction, which are trillions of times BIGGER than anything before in human history! However, so far, our civilization is still on cruise control, maintaining the established systems of force backed frauds, which have been able to create at least 100 times more electronic money than collateral to back it up, because there are weapons which are at least 100 times more able to commit murder to back that electronic money up ... and that is automatically on a trajectory of exponential growth, to become 1,000 times ...

We have developed thermodynamics to become information theory. We have electronic abilities to use trillions of times more information, and atomic bombs which are trillions of times more destructive, than anything before in human history ... while the same people for who that has suddenly become a reality are still alive, since that has all happened so recently, that it has happened within the life time of people who are still alive today. Therefore, from a practical political point of view, it seems totally futile to bother to point out that "money" should be based on understanding energy systems, not based on the conservation of matter.

The money/murder systems are information/energy systems. Those systems explain how and why warfare selected for the War Kings, who were the best at backing up deceits with destruction, and thereby made and maintained sovereign states, which asserted monopolies over the powers to rob and to kill. Those systems explain how and why the powers of sovereign states were covertly taken over through the application of more of the methods of organized crime, so that the Fraud Kings, the private banks, were able to control civilization.

In that context, it is perhaps cute, but still superficial, nostalgia to want to go backwards to money again based on gold and silver. Sorry, but we are STUCK with electronic money, backed by atomic bombs. We should be going through profound paradigm shifts in political science, and especially in militarism. However, instead, we keep on doubling down on the established systems of force backed frauds ...

There are NO genuine solutions to be found in the nostalgic notions about returning to gold and silver backed money. The real problems with respect to the money systems are no less than the real problems with respect to the murder systems. Asking for an "honest money system" is as paradoxical as asking for an "honest murder system."

The history of triumphant deceit, backed by destruction, is how and why we have the monetary system that exists today. There can be no good resolutions to those problems which do not understand how and why they exist, and which actually provide better ways to accomplish the same necessary purposes. HOWEVER, ALL THOSE PROBLEMS ARE NOW TRILLIONS OF TIMES MORE DIFFICULT TO RESOLVE THAN AT ANY PREVIOUS TIME IN HUMAN HISTORY!

Wed, 05/01/2013 - 10:50 | Link to Comment uno
uno's picture

have to think JPM is not pushing down the PM at this point, could be a SWF or deep pockets forcing the issue.  When silver was 30-40/oz, that was probably an area the morgue could handle.  Down around here it seems the miners are going to be shutting down (if they are truly independent).  Anyone pushing down the price now knows India and China are in all out physical buying mode, cannot see how the morgue benefits from this.

Wed, 05/01/2013 - 14:10 | Link to Comment Mesquite
Mesquite's picture

@uno

...cannot see how the morgue benefits from this.

Don't think profit (logical) is their motive in this..

Believe they're just henchmen for NWO..

Just an opinion...

Wed, 05/01/2013 - 14:30 | Link to Comment Boxed Merlot
Boxed Merlot's picture

Down around here it seems the miners are going to be shutting down (if they are truly independent)...

 

That's actually what I think the real purpose for the smackdown is /was.  Buy low / sell high.  These mines are / will be getting snatched up and their reserves will go into the possession of these fiat producers in NY and the legal title will be assured by their cohorts in DC.  Same as it always is / was.  Others do the hard and strenuous work of prospecting, developing and producing only to have the fruits of their efforts confiscated by attorneys, politicians and financiers wielding "laws". 

Wed, 05/01/2013 - 10:47 | Link to Comment masaccio
masaccio's picture

Yeah! I mean, like screw Art. 1, Sect. 8 of that stupid Constitution. We've got Guns!

Wed, 05/01/2013 - 10:50 | Link to Comment Dr. Engali
Dr. Engali's picture

"He also pointed to the recent decline in the value of gold - which sank to $1,321.35 per ounce on April 16, its lowest price in more than two years - noting that "anybody who thinks gold or silver is a really safe place to put your money had better think again."

 

Yeah and we saw what the  drop in the paper markets caused in the physical world.
Wed, 05/01/2013 - 10:52 | Link to Comment DosZap
DosZap's picture

"anybody who thinks gold or silver is a really safe place to put your money had better think again"

THEY had better check the facts, 2 dimes in 47 bought a gallon of gas,same 2 dimes does same today.How many fiat dollars does it take, or modern dmes?

Wed, 05/01/2013 - 11:42 | Link to Comment Meat Hammer
Meat Hammer's picture

99% of the population have no idea what you're talking about.

Wed, 05/01/2013 - 12:06 | Link to Comment Rustysilver
Rustysilver's picture

Meat Hammer,

Is it that the biggest fuckin problem?

Thu, 05/02/2013 - 08:57 | Link to Comment Long_Xau
Long_Xau's picture

"But but... whatever! We are the 99%!" - the 99% that you're talking about

Wed, 05/01/2013 - 10:50 | Link to Comment 22winmag
22winmag's picture

So my solid silver Maple Leafs are persona non grata in Arizona?

Wed, 05/01/2013 - 10:53 | Link to Comment writingsonthewall
writingsonthewall's picture

"anybody who thinks gold or silver is a really safe place to put your money had better think again,"

They don't get it do they - it's your WEALTH you put into Gold and Silver - not your MONEY. Your MONEY is becoming worth-less on a daily basis.

Funny to watch the FIAT fools claim that the fall in the paper gold price constitutes a 'bad investment' - but having dollars which halve in value every few years is 'A-OK!"

I say - let them keep their stinkin money

Wed, 05/01/2013 - 11:03 | Link to Comment semperfi
semperfi's picture

What these arrogant condescending muthafuckas don't get is the muthafucking law, the big law, named The Constitution of the United States of America, that REQUIRES GOLD & SILVER BE THE ONLY MONEY USED IN THE USA.  HELL-FUCKING-LO?  If these muthafuckas what to ignore choice laws then lets dance - I can ignore laws that aren't convenient to me just as good as they can - such as post-term abortion - there's a bunch of politicians who need to be aborted since they are an inconvenience to me, an undue burden - need to be aborted, post-term.

Wed, 05/01/2013 - 11:20 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

thats what the fuck im talking about...

"got to wear a seatbelt....." - FUCK YOU...

"cant have this gun or that ammo..." - FUCK YOU...

"gotta pay tribute to the fucking bankers via INCOME TAX..." - FUCK YOU...

THEY CAN KISS MY MOTHER FUCKING ASS!!!

I WILL NEVER RECOGNIZE THE AUTHORITY OF THIS BANKER OWNED CORRUPT FUCKING PLUTOCRACY - PERIOD...........

 

Wed, 05/01/2013 - 15:42 | Link to Comment auric1234
auric1234's picture

Has someone tried to bring this to court?

If I lived in the USA, I would.

 

Wed, 05/01/2013 - 10:53 | Link to Comment PaperBear
PaperBear's picture

Whenever I read the part of the Constitution for the united states of America that says 'make anything but gold and silver coin a tender in payment of debts', I wonder how 'this note is legal tender for all debts, public and private' on the non-federal non-reserve is not in conflict.

Wed, 05/01/2013 - 11:12 | Link to Comment Sockeye
Sockeye's picture

I don't get how debt settles debt either.

Wed, 05/01/2013 - 11:19 | Link to Comment NotApplicable
NotApplicable's picture

I think it's that since "we all owe it to each other" vs. "I owe you directly," it's a "superior" form of debt. So superior in fact, that 99% of the people don't even realize it's only an IOU!

 

Wed, 05/01/2013 - 10:51 | Link to Comment americanspirit
americanspirit's picture

I have one credit card - low rates, & I keep it paid off. They just sent me some checks that I can use to buy anything I want (real friendly folks, aren't they), and the balance will bear an interest rate of 1.9% for a year, then goes to 8.5%. So, I'm sitting here thinking that maybe I'll just write a check up to my credit limit and buy silver eagles. Anybody else think that silver is going to be at least 1.9% higher a year from now?

Wed, 05/01/2013 - 11:22 | Link to Comment HulkHogan
HulkHogan's picture

You need it to go up 12%. 5% to buy, 5% to sell, then make 2% to pass the interest rate. Do you think silver will end up over $26 before the end of the year?

Wed, 05/01/2013 - 16:59 | Link to Comment americanspirit
americanspirit's picture

Good point Hulk - I know a dealer who always pays spot on silver, so no 5% to sell and no shipping, although you're right about the 5% premium to buy. So 7% not 12%. Either way - I will have a year, not until the end of this year, and yes I do think silver will be above $26 by next May 1st. Way above. Whatever it is, I'll sell enough to pay off the card and stack the rest. Or I'll just hang out, pay the higher card rate, and sell when I'm ready. Or maybe just declare bankruptcy. Assets? What assets your honor?

Wed, 05/01/2013 - 10:57 | Link to Comment semperfi
semperfi's picture

The Gov hasn't signed it yet - not yet law...

"Arizona Becomes 2nd State To Make Gold & Silver Legal Tender"
Wed, 05/01/2013 - 10:55 | Link to Comment Son of Loki
Son of Loki's picture

I have read about two companies there that advertise to pay your bills in gold or silver instead of doillars....gonna get interesting.....

Wed, 05/01/2013 - 12:52 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

References/links please.

Wed, 05/01/2013 - 10:58 | Link to Comment Confundido
Confundido's picture

AMERICANS, GET READY TO FIND OUT THE TRUTH: YOU NO LONGER LIVE IN A FEDERAL NATION. PHASE 1 IN THIS DISCLOSING PROCESS WAS 1864...IT'S TIME TO GET AN UPDATE....

Wed, 05/01/2013 - 10:58 | Link to Comment robertocarlos
robertocarlos's picture

I thought buying a whole city block for one gold coin was just a story. Dibs on that hockey rink in Glendale.

 

 

Wed, 05/01/2013 - 11:01 | Link to Comment gbresnahan
gbresnahan's picture

In 1970 (picked randomly), 36 US dollars could buy you one ounce of gold and the S&P was at around 84.

Today it takes over 1400 US dollars to buy one ounce of gold and the S&P is at nearly 1600.

So over that 43 year period
$36 in cash would've stayed $36 in cash
1 ounce of gold would've gone up 39 times its value
1 "S&P" would've gone up 19 times its value

Wed, 05/01/2013 - 14:16 | Link to Comment Boxed Merlot
Boxed Merlot's picture

In 1964 a gallon of gasoline cost 30 cents.  If you used the same 3 dimes today, it would be equivilent to over 5.00 frn / sandwich coin stock.  With gas currently under 4.00 frn, energy prices are actually less than they were before LBJ's advent of the great society. 

As an aside, I was struck earlier today as I was emptying coins from my pocket and noticed the absence of the usual metal sound, it's a weird, dull, almost plastic or wood sound to the stuff now.  The word that immediately came to mind was debasement.  Hiding in plain sight. 

Wed, 05/01/2013 - 15:39 | Link to Comment auric1234
auric1234's picture

You're making the mistake of using the USD as a measure for value. Your example precisely proves that this is not the case.

 

Wed, 05/01/2013 - 11:03 | Link to Comment robertocarlos
robertocarlos's picture

Double post.

 

 

Wed, 05/01/2013 - 11:02 | Link to Comment fonzannoon
fonzannoon's picture

These guys are going for the big gold takedown again today? $1200 here we come? I did not think they had it in them.

Wed, 05/01/2013 - 11:11 | Link to Comment freewolf7
freewolf7's picture

All in. Show time.

(Buy physical.)

Wed, 05/01/2013 - 11:40 | Link to Comment semperfi
semperfi's picture

When you have the means to print as much paper as you need, and the means to change/ignore any law any way you need any time you need, then there's no limit to what you can do (within the laws of physics).

Wed, 05/01/2013 - 11:42 | Link to Comment IridiumRebel
IridiumRebel's picture

PLEASE KNOCK IT DOWN TO 1200.

Wed, 05/01/2013 - 11:57 | Link to Comment Moe Howard
Moe Howard's picture

I need it to be one actual thousand federal no reserve notes illegal tender for debts pubic and privates.

Wed, 05/01/2013 - 12:08 | Link to Comment Quinvarius
Quinvarius's picture

They don't have it in them.  The people that are short now are the "sucker class".

http://www.gotgoldreport.com/2013/04/courtesy-release-got-gold-report-video-cot-world-upside-down-.html

And they are impossibly over short.

Wed, 05/01/2013 - 11:10 | Link to Comment Rustysilver
Rustysilver's picture

So, if the states make it legal, how can the feds make it illegal: bigger guns?

Wed, 05/01/2013 - 15:35 | Link to Comment auric1234
auric1234's picture

They don't have to. As long as their paper shit is legal tender, anyone can settle a contract using paper.

 

Wed, 05/01/2013 - 11:22 | Link to Comment yogibear
yogibear's picture

It's the paper shufflers vs the real thing war.  Selling 10 titles for one car and selling to 10 different buyers. 

This is what the banksters do. Eventually all 10 want their car.

Normally this is a con and the people doing this would go to jail or killed by the buyers.

 

Wed, 05/01/2013 - 11:42 | Link to Comment IridiumRebel
IridiumRebel's picture

No shit. Fuck Connecticut. We leave in 2 months. I hope the whole state fuckin folds. The way those libtards in control are running things, shouldn't be long now. They get no more of my money. 

Wed, 05/01/2013 - 12:10 | Link to Comment Quinvarius
Quinvarius's picture

People may laugh.  But they are going to start passing laws like that regarding stocks.

Wed, 05/01/2013 - 13:02 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Friends, I repeat:  If you have to leave a check on deposit for back-ordering PM at bullion dealers (given the price smack-downs), you ARE leaving a clear paper trail to you.  Same hold true for online purchases (Credit, Debit, Paypal...), unless you use BTC.

My suggestion is to given them cash, or ask them to hold the check until the bullion arrives and you then pay in cash (and get the check back).  Or use BTC.  Both take fiat out of the system.  Checks do not.

Wed, 05/01/2013 - 11:38 | Link to Comment Paracelsus
Paracelsus's picture

   The Feds raided one of the last legal Pot dispensaries here in South Cali.Haven't they got something more important to do like surf net porn? The important thing about Ponzi schemes is to know when to fold the tent and move on before the natives get restless. Shouldn't the FED have taken this advice a while ago?I think the guys in DC have forgotten the most basic rule for small-town America: the rule of law extends to the county line.

Wed, 05/01/2013 - 11:55 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Legalized pot ---> less $$ to be laundered ---> less profits for wall street banks, every single one of which makes billions of dollars per year laundering money.

Also, a shit-ton of illegal $$$ finds its way into municipal bonds. You think anyone in the CA state gov't wants to cut off that money flow?

Wed, 05/01/2013 - 14:36 | Link to Comment Cathartes Aura
Cathartes Aura's picture

it's the loop-hole that works in their favour - complete with full confiscaton laws.

why folks have yet to see through this is beyond me.

as long as the States are under Fed law, THEY can do what they like to their sheep. . .

Wed, 05/01/2013 - 11:44 | Link to Comment Meatier Shower
Meatier Shower's picture

"anybody who thinks gold or silver is a really safe place to put your money had better think again."

That's some stupid shit right there.

Do NOT follow this link or you will be banned from the site!