http://bbs.freetalklive.com/index.php?topic=12824.0
James Turk urges New Hampshire to remonetize gold and silver
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GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, is among those urging the New Hampshire legislature to pass a bill allowing citizens to require state government to use gold and silver in payments to them. Turk’s recent testimony to a New Hampshire legislative committee was published in the FG&MR this week and has been reprinted at Jim Puplava’s Financial Sense Internet site here:
http://www.financialsense.com/editorials/turk/2007/0326.html
To claim “economic rent” from someone Else’s labor when applied to land, which is something no one can own outright, is in itself, to claim landlord status over raw nature. It is an attempt at coercive monopoly power that is at the root of statism.
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I am as much of a gold bug as anyone. BUT, it doesn’t describe how the idea will work.
Says’ Law tells us that bad money will drive good out of circulation. So paying the Gooferment in gold or silver will not put gold or silver in circulation. The legal tender laws are what is the problem. It dictates that everyone has to take the fiat currency.
Even if bullion coins start to circulate, they won’t circulate very far. Logically, if you have a fist full of FRBies (Federal Reserve Bank pieces of paper) and an equivalent bag of gold coins, then which will you spend first?
Under the theory that you have to have an answers or options.
My personal strategy is to move a percentage of my savings into bullion coins. You can’t eliminate your use of FRBies. You can’t not save. You can’t know when the collapse is going to come.
SO what you do is think like y2k. No debt, prepare for societal breakdown, develop “real” skills, and allocate a portion of your savings to gold bullion coins.
Read about the hyperinflation in post-ww1 germany, and the other fiscal disasters.
Good Luck,
fjohn
from behind the lines in the
peepuls republik of nu jerseee
Reinke Faces Life 