Gold, Silver Now Legal Tender in Utah

Gold, Silver Now Legal Tender in Utah: "With Gov. Gary Herbert’s signature on March 25, the state of Utah became the first in recent times to officially accept gold and silver coins as legal tender at their true value, prompting praise from sound-money advocates warning about the future of the Federal Reserve System and its fiat money.

The 'Utah Legal Tender Act,' as the new law is known, “recognizes gold and silver coins that are issued by the federal government as legal tender in the state and exempts the exchange of the coins from certain types of state tax liability,” according to the bill. The law does not force anyone to accept or pay in precious metals, but rather provides the option for those who wish to do so voluntarily.

In essence, the bill legalizes currency competition in Utah by removing punitive state taxes on individuals and businesses trading in precious-metal coins....

the  law is known, “recognizes gold and silver coins that are issued by the federal government as legal tender in the state and exempts the exchange of the coins from certain types of state tax liability,” according to the bill. The law does not force anyone to accept or pay in precious metals, but rather provides the option for those who wish to do so voluntarily.

In essence, the bill legalizes currency competition in Utah by removing punitive state taxes on individuals and businesses trading in precious-metal coins.

Comment by Norton:

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This Is How the "American System" Was Corrupted and Destroyed

This Is How the "American System" Was Corrupted and Destroyed: "By 1990, the total debt-to-GDP ratio in the U.S. had grown substantially to 2.6 times GDP. It reached 3.6 times by 2007 – even before the financial crisis. Today, total debt in the United States stands at $56 trillion – 3.8 times GDP.

That's $180,000 in debt for every man, woman, and child in the United States. That's nearly $700,000 in debt per family in the United States."

The interest on these debts is more than $3.5 trillion per year. To give you some idea how much money we're spending on interest alone... just consider the total budget of the U.S. federal government is also $3.5 trillion. Again, $3.5 trillion just covers the interest!

 

These debts are completely unaffordable. How many families in America do you know that can afford to finance and repay $700,000 in debt? Not many... Certainly not the "average" family...."

Good Carbs, Guilt-Free Eating

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Norton's comment: Refined flour loses 85% of it nutrition rapidly and becomes rancid on the grocery shelf. It is marked as viatmin re