Gold Rush: Utah GOP Makes Gold And Silver Coins Legal Currency
Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being “as good as gold.”
To make that point, they’ve turned it around, and made gold as good as cash…The law also will exempt the sale of the coins from state capital gains taxes. [...]
The idea was spawned by Republican state Rep. Brad Galvez, who sponsored the bill largely to serve as a protest against Federal Reserve monetary policy . Galvez says Americans are losing faith in the dollar. If you’re mad about government debt, ditch the cash. Spend your gold and silver, he says .
how paper money is made - News
Perhaps the most obvious example is the conservative gold craze, which is based on apocalyptic beliefs that the US dollar is on the verge of collapse, runaway inflation is imminent, and gold is a more stable and reliable currency than paper money.
The speech coincides with the launch of the government's white paper, Giving. As part of Every Business Commits, the government is planning to run a national year-long, profile-raising campaign to encourage employers to operate and promote payroll
Square, which made it possible for the smallest, most accidental merchant to accept credit cards by eliminating expensive equipment and high fees, has a new idea: banish the cash register. And paper receipts, while we're at it.
How would you feel if you were told that you would no longer be able to use paper money and would have to rely on electronic technology for all your transactions? We all like the speed and convenience of electronic commerce, but we also like the look
By this means, something very important would happen: the silver coin would remain permanently in circulation with paper money; the silver coin would never be melted down, because higher prices of silver would simply mean a higher monetary value for
First Debt-Free Paper Money Made in the Americas: 1685 Canadian ...
The first government-issued paper money in the Americas was circulated by the French Military in Canada, in 1685. The military payroll from France had been delayed, and the intendant, Jacques Dumuelles, paid soldiers with quarter sections of playing cards – denominated in livres. Each card was an IOU promising to pay a stated number of livres in coins when, and if, the coins arrived.
The card money circulated in spite of the French Crown’s attempts to suppress it, and was generally acknowledged to have stimulated business. The initial experiment was successful enough that many subsequent issues were made into the 1750’s.
Source: “A Quick History of Paper Money,” Prof. Sproul, Money and Banking. See, papermoney.
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paper money: Definition from Answers.com
paper money n. Currency in the form of government notes and bank notes.
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A banknote (often known as a bill, paper money or simply a note) is a kind of negotiable instrument, a promissory note made by a bank payable to ...
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bank note: Definition from Answers.com
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