Silver Shines as an Economic Solution
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Uploaded by MorphCity on Sep 26, 2010
G. Edward Griffin discusses the US monetary system, fiat money, legal tender and the value of silver and gold.
Idaho State Representative Phil Hart explains the "Idaho State Silver Gem Act" that he authored and plans to re-introduce next year. The Silver Gem Act allows the State Treasurer to sell and accept silver medallions for people to use any way they wish. Silver transactions with the State would be penalty and premium free. The silver would be set at market value.
Read the article "Silver Shines as an Economic Solution" at www.MorphCity.com
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Top Comments
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Go For It, Idaho! Take the power back!
1 year ago 2
All Comments (43)
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great video
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This gives me hope. The consequences of this bill passing would be huge.
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G. Edward is the man!
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Great interview
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All a store needs is a metal detector, and a set of scales with some math skills, with a coin dealer in town to use silver as money. Pay the banks with there money, if you have a loan untill people learn to save their money.
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@chimpanchu Excellent, someone who fundamentally understands Gresham's Law.
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All commodities will go up in price. The price of oil will go through the roof as well as we have already hit the oil peak price. We will run out of oil by 2025.
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Why would I want to spend my Gold and Silver? I want to get rid of my paper currency first...
chimpanchu 1 year ago 3
@chimpanchu
The Silver Medallions would be available to the public to use any way they wish. Because the government of Idaho would accept them back as taxes, it inspires confidence in their value. If you wanted to store up silver, you could, or you could spend it- this bill is about options.
MorphCity 1 year ago