HB 430: Constitutional Tender Act - Bill Greene

This is testimony given at the Georgia House combined Financial Institutions & Services Subcommittee / Regulations & Oversight Subcommittee hearing on HB 430, the "Constitutional Tender Act". Testimony in favor of the bill was given by Rep. Bobby Franklin, Bill Greene, Aaron Krowne, Sean Mangieri, Jesse Bickel, and Franklin Sanders. Testimony in opposition to the bill was given by a state bureaucrat and two banking industry lobbyists.

HB 430 would return the State of Georgia to adherence to the U.S. Constitution's legal tender provisions. Specifically, U.S. Constitution declares that "no State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts", but Georgia HAS made some other "Thing" besides gold and silver coin a "Tender in Payment of Debts" -- some "Thing" called "Federal Reserve Notes." Therefore, this bill would require Georgia to ONLY use gold and silver coins in payments to and by the State. Federal Reserve Notes could still be used by the people of the State in personal and business transactions, if they so choose; but with the introduction of competition with REAL money, FRNs will likely soon go the way of the dodo bird.

The witnesses testified and explained to the Members of these Banks and Banking Committee subcommittees the absolute requirement of the U.S. Constitution for the State of Georgia to ONLY use gold and silver coins in its transactions, and a dialogue was begun in the best MEANS by which this should be done. The bureaucrats and banking lobbyists were concerned with cost, efficiency, and change, but it was apparent that they had not read the bill thoroughly or with an open mind, and especially had not read the FAQ on the ConstitutionalTender.com website.

These experts and Rep. Franklin explained to the Members the need to shift away from our fiat money system, and into a sound money system. The hyperinflationary end of various countries' fiat money was explained. The fallacies of fractional reserve banking was shown, and how the system robs the inherent wealth of the American citizens. The likely complete devaluation of Federal Reserve Notes, and thus the need for Georgia to protect its citizens via returning to Constitutional Tender, was also explained.

See: http://www.ConstitutionalTender.com/

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[theagent9]

Good video. The only problem is if we go to a gold-backed economy we would still be screwed over by the same jews that own the Federal Reserve, the media and our pile-of-tics because these jews have positioned themselves to be in control of some 90% of the gold reserves in the world. These shylocks would still be in control of America. Value is given to what ever the leaders say. It can be feathers, a tally stick, cow shit paddies etc. Remove control of our money system from these vampire jews.

[vigilannie2]

The Federal Reserve NEEDS TO GO.

[Atlantaminuteman]

Thank you so much for everything you are doing !

[Lingerfoot]

Ron Paul and Jesse Ventura - 2012!

[Roylamx]

This is great, an awareness of sound money is sweeping the nation, and our elected officials will only be able to resist it for so long. The more the Globalist Banksters tighten their grip on the people by destroying the currency the more people will be forced to wake up to the cause of their enslavement.

Hats off the people like Aaron Russo and his great movie America: Freedom to Fascism and google video that made it available!

Another good film to teach about this is "Money Masters".

[stevemcgee99]

Nice job getting that last statement on the record, professor!

[hooverdog1957]

How can you if you are an elected representative of any state can you deny that the Constitution of the United States of America is being violated? This goon at the end is obviously a being paid by the same banking lobby to just overstep the Constitution. Money is gold and silver, not paper printed out of thin air backed by the faith that the US government. Don't you see these robber barons are only in it for themselves not for the poor or the middle class.