In a huge blow to the Rothschild-controlled Federal Reserve, Arizona has just passed a new bill to law making gold and silver legal tender.
Since the Great Depression, states across the US have made owning the precious metals either illegal or stigmatized, but this move looks to pave the way in fighting the increasing national debt.
Cryptocurrencies like Bitcoin have seen huge gains over the last few years, with gold and silver prices falling, but experts are hoping this new change in legislation could see the metals rival digital currencies if more states follow suit.
Antimedia reports: In anticipation of the growing problems with the national debt, individual states across the country are seizing the opportunity to protect themselves and their citizens from financial repression.
Twenty states have already eliminated sales taxes on precious metals transactions, but some are taking it even further.
The most recent bill was H.B. 2014 in Arizona, which classifies U.S.-minted coins as a form of currency and even eliminates capital gains taxes on qualified precious metals.
These kinds of simple actions directly threaten the power of the U.S. Federal Reserve, and any competition to the U.S. dollar undermines the central bank’s longstanding monopoly.
Representatives in Arizona worked on this legislation for years, and thanks to the support of people like Ron Paul, there was enough pressure on the governor to sign it into law.
Dr. Paul explained why this bill is so crucial for the future:
“HB 2014 is a very important and timely piece of legislation. The Federal Reserve’s failure to reignite the economy with record-low interest rates since the last crash is a sign that we may soon see the dollar’s collapse. It is therefore imperative that the law protects people’s right to use alternatives to what may soon be virtually worthless Federal Reserve Notes.”
“We ought not to tax money, and that’s a good idea. It makes no sense to tax money,” Paul told state senators in March. “Paper is not money, it’s a substitute for money and it’s fraud.”
Utah was the first to implement this new policy of empowering state governments against reckless federal incompetence when they passed H.B. 317 in 2011.
This bill not only recognized coins as a form of money and eliminated taxes on them, but it also encouraged the state to study how it might establish an entirely new system of legal tender if needed.
Each state that stands up and refuses to be condemned to bankruptcy by the bloated bureaucrats in D.C. puts additional pressure on this failing paper Ponzi scheme.
Only when enough people recognize the destructive road we’re heading down and demand a change will the federal government and banking institutions be forced to adapt. These growing pressures aren’t just manifesting domestically but can be seen developing around the world.
Source : Neon Nettle