In Blow to Federal Reserve, Arizona Just Legalized #Gold and #Silver as #Currency. In Blow to Federal Reserve, Arizona Just Legalized Gold and Silver as Currency. Individual states across the country are seizing the opportunity to protect themselves and their citizens from financial repression.
Shaun Bradley, The Anti MediaWaking Times Media The latest massive price increases in cryptocurrencies like Bitcoin and Ethereum have boosted the credibility of investors who criticize the fiat currency system. Unfortunately, precious metals haven’t followed in crypto’s footsteps yet, and heavy losses over the last few years have led many people to write off the asset class altogether. Owning things like gold and silver in the United States has either been outlawed or stigmatized since the Great Depression, but recently, real progress has been made towards once again recognizing them as legal tender.
2 States Pass Bills To Treat #Gold & #Silver As Money – Remove Capital Gains Taxes. 2 States Pass Bills to Treat Gold & Silver as Money - Remove Capital Gains Taxes. In a push to advance real, solid, constitutional money, two states have passed bills that treat gold and silver as money and remove state capital gains taxes on the precious metals.
First, the Arizona Senate Committee passed HB2014 on March 8. The Tenth Amendment Center praised the bill as helping to “undermine the Federal Reserve’s monopoly on money.” Former US Rep. Ron Paul testified today in the Senate Finance Committee in support of House Bill 2014 (HB2014). The legislation, which previously passed the state House by a 35-24 vote, would eliminate state capital gains taxes on income “derived from the exchange of one kind of legal tender for another kind of legal tender.” Texas Signals New #Gold Rush: “Governments Have Lost Trust in New York Depositories” Texas Signals New Gold Rush: “Governments Have Lost Trust in New York Depositories”