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Legal tender

Posted By A.C. Bhaktivedanta Swami On April 9, 2013 @ 2:18 pm In Economy,Money | 1 Comment

Trust in Gold Not Bernanke as U.S. States Promote Bullion

Bloomberg – AMANDA J. CRAWFORD – Apr 9, 2013

Distrust of the Federal Reserve and concern that U.S. dollars may become worthless are fueling a push in more than a dozen states to recognize gold and silver coins as legal tender.

Arizona is poised to follow Utah, which authorized bullion for currency in 2011. Similar bills are advancing in Kansas, South Carolina and other states. Go to story [1]

You can not ask now gold coins and silver coins. Whatever government will give you, you have to accept.
Gold and silver legal today, tomorrow?

Anti-currency and Currency [2]
From 1933 – 1974, possession of monetary gold (bullion, coins) was criminalized in the USA, by Executive Order 6102, signed by President Franklin D. Roosevelt. more [2]

excerpt from morning walk conversation, Johannesburg, October 16, 1975 [3]:

PRABHUPADA: Yes. I print ten thousand dollars’ worth currency note, and I give you, and I take you, actual goods from you, anywhere.

HARIKESA: The government is doing that all the time. They take contracts from people.

PRABHUPADA: Yes. That is going on. Therefore price is increasing daily. Formerly British government, in the beginning, to prove their honesty, as soon as you go to the currency for changing, they will offer you, “You want coins or paper currency?” So if you think that paper currency will be convenient, you can take. Otherwise, if you want coins, they will pay you.

PUSTA KRSNA: Gold coins.

PRABHUPADA: Yes, gold, silver, whatever you want. That was the… Now this is stopped. You can not ask now gold coins and silver coins. Whatever government will give you, you have to accept. Where is honesty?

Article printed from KRSNA News: http://hansadutta.com/krsnanews

URL to article: http://hansadutta.com/krsnanews/2013/04/09/legal-tender/

URLs in this post:

[1] Go to story: http://www.bloomberg.com/news/2013-04-08/trust-in-gold-not-bernanke-as-u-s-states-promote-bullion.html

[2] Anti-currency and Currency: http://hansadutta.com/krsnanews/2013/03/01/anti-currency-and-currency/

[3] morning walk conversation, Johannesburg, October 16, 1975: http://krishnakatha.com/conversations/1975/oct/morning_walk/johannesburg/october/16/1975

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