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

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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 choose whether to obtain a charter from the Federal Government or from a state government.”

www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf

There has been a recent development regarding state-sponsored banks and their ability to issue gold and silver-backed currencies. Let’s explore this further:

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This development reflects a growing interest in alternative monetary systems and highlights the ongoing debate over the role of central banks and state autonomy.

AC

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