Source: Ben Swann
On Monday, the Oklahoma State Senate passed a bill that would legalize gold and silver as legal tender, moving the legislation on to the House for consideration. The vote was 37-4.
If passed into law, Oklahoma could become the first state to recognize gold and silver as legal tender authorized for payments of debts and taxes.
Last month, the Arizona senate also passed a similar bill by a vote of 18-12. However, the governor has already vetoed a similar bill last year.
The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” The Constitutional tender act is a big step towards that constitutional requirement which has been ignored for a long time in every state of the country. Such a tactic would achieve the desired goal of abolishing the Federal Reserve system by attacking it from the bottom up – pulling the rug out from under it by working to make its functions irrelevant at the State and local level.
Passage of this legislation would introduce currency competition with Federal Reserve Notes.
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