interesting bill introduced in indiana.. DIGEST OF INTRODUCED BILL Citations Affected: IC 4-8.1-2-1; IC 4-8.3; IC 4-13-2-14.8; IC 6-7-0.5; IC 36-1-8-1. Synopsis: Use of gold by the state and local government. Requires the treasurer of state to designate one or more electronic gold currency payment providers to be a payment provider for the state and political subdivisions. Requires the treasurer of state and fiscal officers of political subdivisions to: (1) maintain one or more electronic gold currency accounts with a designated electronic gold currency payment provider; and (2) conduct all monetary transactions of the state or political subdivisions through electronic gold currency accounts.... Read the whole bill here: http://www.in.gov/legislative/bills/.../IN0453.1.html
Is that to protect them during this depression? If all states pursue this where does that leave us? Since they appear to have no natural deposits: http://www.indiana.edu/~librcsd/etext/hoosier/IM-02.html
Thats the way to go. I bet very soon car dealerships and other expensive things willl only be sold in gold, electric or physical.
What an idea. Let's think about this...receive taxes in currency and pay out in gold, plus commission. wahahahahaha.
Probably won’t happen in Illinos but tons of online merchants are going to that model. A lot of people won’t mess with paypal and a lot of people are going through gold merchants. http://www.e-gold.com If inflation kicks in a year or 2 from now a lot more people will want a stable medium to trade in.
I'll hang onto more precious things as currency. Like food, Coffee, Salt, Sugar. Bring me eight ounces of coffee beans and you can have 6 fresh eggs.
