By Forget America’s Federal-issued Fiat currency – can individual States initiate a GCR and Gold-back the US Dollar at the State level? Yes! We always hear that the USA is holding up Our GCR, yet individual States are moving forward with gold and silver legislation. Can they do this? The United States Constitution’s Framers (in 1787) were mindful of the hardships brought by continentals, the fiat paper money issued by the Continental Congress to finance the Revolution. Notable Founders — including Thomas Jefferson, George Washington, James Madison, and Thomas Paine — warned about the ravages of issuing unbacked currency. That’s why the…
Comments