Centinel
Tenther
Most of those wishing to eliminate the federal reserve focus on the federal government and a federal solution. In other words, they look to congress for a solution.
I recently ran across an initiative called the Constitutional Tender Act. that seeks to introduce sound money at the state level.
Here’s a good synopsis of the initiative
There is little room for interpretation here. The constitution is clear: “No state shall”. Not much getting around that.
I find the idea intriguing. Given the fact that the states are in blatant violation of the constitution, it would seem difficult to argue against.
I recently ran across an initiative called the Constitutional Tender Act. that seeks to introduce sound money at the state level.
Here’s a good synopsis of the initiative
The United States Constitution declares, in Article I, Section 10, "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". This means that no State can make something besides gold or silver a "tender in payment" (which means they cannot "make something else an offer as payment") for any debts, which would include debts owed by and to the State. However, EVERY State in the United States of America HAS made some other "Thing" an offer as payment - they have by law declared that they will accept, and pay out, Federal Reserve Notes for any debts owed by or to them. Therefore, every State is in violation of Article I, Section 10 of the U.S. Constitution. Thus the need for the "Constitutional Tender Act" -- a bill template that can be introduced in every State legislature in the nation, returning each of them to adherence to the United States Constitution's actual legal tender provisions.
There is little room for interpretation here. The constitution is clear: “No state shall”. Not much getting around that.
I find the idea intriguing. Given the fact that the states are in blatant violation of the constitution, it would seem difficult to argue against.