silver-backed

Proposed Texas Bill Would Create State-Issued Gold and Silver-Backed Transactional Currencies

by Mike Maharrey A Texas Republican has introduced bills that would create transactional currencies backed 100 percent by gold and silver. The passage of this legislation would open the door for people to easily use sound money in everyday transactions and create competition for rapidly depreciating fiat dollars. Rep. Mark Dorazio filed HB1049 and HB1056. The language in …

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US Supreme Court allows 40 states to issue their own gold and silver-backed currencies, endorsing dual banking systems.

So apparently the US Supreme Court has just given 40 US states the green light to begin issuing their own gold and silver-backed currencies. Quote from the SC decision: “The United States maintains a dual system of banking, made up of parallel federal and state banking systems. That dual system allows privately owned banks to …

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