Thar Be Gold in Them Hills
You know Fox News is all over this story: The Utah House of Representatives is fixin' to vote on a measure that would make gold and silver coins a viable alternative to the boring -- and inflation-prone -- forms of currency currently in national circulation.
You know Fox News is all over this story: The Utah House of Representatives is fixin’ to vote on a measure that would make gold and silver coins a viable alternative to the boring — and inflation-prone — forms of currency currently in national circulation. Bonus: Utahns could even pay taxes with these shiny coins!
The bill’s author, it should be noted, is affiliated with the tea party. –KA
WAIT, BEFORE YOU GO…Fox News:
The legislation, which has 12 co-sponsors, would let Utahans pay their taxes with gold and also calls for a committee to study alternative currencies for the state. It would also exempt the sale of gold from the state capital gains tax.
The bill cleared a state legislative committee on Wednesday, the first of 11 similar bills in statehouses across the country to do so. If the bill clears the House, it would have to pass the Senate before the governor could sign it into law.
Attorney and Tea Party activist Larry Hilton, author of the original bill, said he doesn’t foresee any roadblocks.
“There’s enough uneasiness going on in the economy to trigger people to feel that, hey, having a little Plan B, kind of a backup system, is not a bad idea,” he told FoxNews.com.
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.
House panel members use the opportunity to grill the CEO on company's track record on civil rights, hate speech, privacy and misinformation.
Secretary-General Antonio Guterres says the risk of each creating its own rival currencies, trade systems, tech and more is a real threat.
The threat of a U.S. technology company taking up the model set by China's WeChat Pay and Alipay may now be materializing.
The Trump administration accelerates the abandonment of the dollar as the world’s principal reserve currency, which will be fatal to the American empire.
The 2007-2008 financial crisis triggered a massive shift in the global order.
There are currently no responses to this article.
Be the first to respond.