Tennessee Considering Bills Restoring Gold and Silver as Sound Money

Sunday, February 3, 2019
By Paul Martin

by Joe Wolverton, II, J.D.
Saturday, 02 February 2019

If two bills offered for consideration in the Tennessee legislature become law, gold and silver will be a step closer to being restored to their rightful place as sound money and legal tender.

A pair of companion measures offered by Representative Ron Gant and Senator Dolores Gresham in the Tennessee House of Representatives and Senate respectively, would prohibit state sales and use tax from being collected on the sale of platinum, gold, or silver bullion.

To be honest, such bills should be unnecessary.

Although the Constitution was created by the states to grant limited, mutually beneficial authority to a general (we call it “federal”) government, there are a few clauses that serve to restrict the retention of power by the states themselves.

One such clause is found in Article I, Section 10, which reads in relevant part: “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”

It would seem that when it works against their usurpation of power, the feds don’t understand the language of the Constitution; the words “infringed” and “warrant” come to mind.

In the case of coinage, the federal government would never willingly enforce the mandate of Article I, Section 10 because it would serve to abolish the Federal Reserve and the banksters who make trillions of dollars from its monolithic control of the American monetary system.

The bills in Tennessee aim to right that wrong as do similar bills filed in Arizona, Wyoming, and West Virginia since the beginning of the current legislative season.

The Rest…HERE

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