Indiana to go for gold??

Discussion in 'Politics' started by hippiehillbilly, Jan 16, 2009.

  1. hippiehillbilly

    hippiehillbilly the old asshole

    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
     
  2. gardener

    gardener Realistic Humanist

    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

     
  3. Beckner420

    Beckner420 troll

    Thats the way to go.

    I bet very soon car dealerships and other expensive things willl only be sold in gold, electric or physical.
     
  4. cadcruzer

    cadcruzer Sailing the 8 seas

    I'll take that bet....
     
  5. depoisoned

    depoisoned Member

    What an idea. Let's think about this...receive taxes in currency and pay out in gold, plus commission. wahahahahaha.
     
  6. Pressed_Rat

    Pressed_Rat Do you even lift, bruh?

    Hahah... what a laugh. That will never happen.
     
  7. zihger

    zihger Senior Member

    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.
     
  8. Zoomie

    Zoomie My mom is dead, ok?

    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.
     
  9. Aristartle

    Aristartle Snow Falling on Cedars Lifetime Supporter

    What if the coffee beans are chocolate coated? Can I still have 3 eggs?
     

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