Valueless paper money has been used to extract wealth from those of us who use that paper money. It’s called counterfeiting.

Flash Points 

1 – A South Carolina bill looks to make gold and silver legal tender. 
2 – Three other states have already made those metals legal tender. 
3 – Such steps are intended to undermine the Federal Reserve system.  https://cdn.steemitimages.com/DQmZHPcFWgbyEAMGq5cAMNqsLQcCH5VTDvnTno97XNBb3Vr/image.png

ZeroHedge –

"South Carolina Legal Tender Act Would Treat Gold & Silver As Money"

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– Synopsis –

A bill that has been prefiled in the South Carolina House of Representatives would make both gold and silver legal tender in that state.

Any transaction through gold or silver would have to be “agreed on by both parties.”  If both parties were to agree that the payment was to be made in gold or silver, then no government, no bank, or any other entity could force them to use the dollar (or any other medium of exchange).    

South Carolina is not the first state to establish gold and silver as legal tender. Utah was the first to do so, in 2011. Oklahoma and Wyoming have subsequently followed suit. 

Golden Beauty

Furthermore, the United Precious Metals Association (UMPA) has released the “Utah Goldback”  – which it describes as “the first local, voluntary currency to be made of a spendable, beautiful, physical gold.”

Utah has eliminated all taxes on silver and gold. As for South Carolina, it has already abolished sales tax on those 2 precious metals. And if the aforementioned bill passes, South Carolina will most likely eliminate the capital gains tax on them.

These moves are all part of a process to undermine the Federal Reserve system and its monopoly on US money.    _{(Image source)}

– Insight from Outside –

According to the US constitution, the paper money issued nowadays by the Federal Reserve is NOT  legal tender. Only gold and silver are granted that status.  

Easy Money ... for Some

However, things changed in 1913, with the establishment of the Federal Reserve system. The Fed was authorized to turn paper into money. That is, to create easy money, for the Fed and its cohort.    

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Those dollars were backed by gold, but only until 1971. In July of that year, Nixon declared that he was “temporarily”  stopping the convertibility to gold.    

Since then, the valueless paper US dollar has been used by the Fed, other banksters, and oligarchs to extract wealth from anyone who is being compelled to use such paper. It’s called counterfeiting. It’s illegal.

Shiny Sound Money ... for All  

Go for gold, South Carolina! Let’s all go for gold.

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