"The Official Portrait of Miss InDiana"

"The Official Portrait of Miss InDiana"
aka "Miss Victory"

Wednesday, January 14, 2009

SB 453 WOULD PROVIDE FOR SOUND SILVER & GOLD BACKED MONEY IN INDIANA

1 troy ounce gold South African Krugerrand
Gold trades for as much as $1100+ an ounce on eBay
(in spite of the fact that the spot price for gold is under $900)


The current headline at LibertyFile.com is about an Indiana State Senator (Walker, district 41) who introduced legislation to provide for an Indiana based gold and/or silver currency. A cursory reading of the bill (SB 453) indicates that it may require state government to conduct business amongst itself using gold/silver backed currency and to provide options for citizens to conduct business with the government using the same, presumably including payment of tax bills.

Contact your Indiana state Senator to voice your support for this legislation.

Tell the State of Indiana that you will take your 2008 state tax refund in Krugerrands. That's what the top clients at Merrill Lynch are asking for these days in lieu of the U.S. paper dollar. And you can bet if Merrill Lynch is saying that gold is going to go up to $1150 an ounce, that's way low. Several analysts are predicting gold will go up to $1800 to $2500 an ounce before the end of 2009. Analysts predict silver to reach as much as $50 an ounce. I think $30 per ounce is more realistic this year.

Hat tip to Sean Shepard and Liberty File

4 comments:

Anonymous said...

"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)

i luv liberty said...

FOR IMMEDIATE RELEASE


January 14, 2009


Indiana State Senator Files Gold Money Bill

Senate Bill 453, The Indiana Honest Money Act

Indiana Picks Up Where New Hampshire Left Off !


Indianapolis, Indiana -- State Senator Greg Walker of District 41, (R-Columbus), has officially filed a Bill

that would allow Indiana to offer its citizens a choice of Gold (and Silver) coin or the Electronic equivalent

in payable and receivable transactions with the state. This bold bill will finally bring Indiana back into

conformance with the Constitution for the United States of America which states "No state shall...make

any Thing but gold and silver Coin a Tender in Payment of Debts..." Article 1, Section 10.


The Indiana Honest Money Act will be voluntary for citizens, but mandatory for certain, specialized

businesses and will allow Indiana to fund the Treasury with enough assets insuring that no current state

funds will need to be earmarked. S.B. 453 is NOT a replacement for Federal Reserve Notes, but more of

a competing, Constitutional currency and an insurance policy for our current, tenuous "money" system.


Indiana is picking up where New Hampshire left off in their attempt to get essentially the same Bill

passed back in 2003 and 2005. The Bill was written by eminently qualified Constitutional Money Scholar

and practicing Constitutional Lawyer, Dr. Edwin Vieira of Virginia. Jerry Titus of Kokomo, a Senior Field

Service Engineer, worked to take New Hampshire's Constitutionally compliant wording of Dr. Vieira's Bill,

and adapted it for Indiana's unique purposes.


This exciting juncture is only the beginning of S.B. 453 as it needs to be approved by the Tax and Fiscal

Committee for House consideration, etc., and will probably be subject to debate and possible

amendments. There will be about 700 Bills under consideration in the current Legislature and only about

200 will survive to be voted on.


Here is the official wording for S.B. 453:

http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2009&session=1&request=getBill&docno=453


For more information you may contact:

Dana Carter, Legislative Assistant to Sen. Walker at 317-232-9984 or 800-382-9467

Or, visit the Indiana Honest Money website at http://www.indianahonestmoney.com/


For more background information you may contact Harvey Wharfield at 978-635-9586 who has been

involved with the concept of a Gold Money Bill for the past five years and has worked with both New

Hampshire, Indiana, and other states, in raising the conscientiousness of "sound money" around the

country.


Special thanks to all who worked so hard to get S.B. 453 to this auspicious point.


- 30 -


Contact: Harvey Wharfield

Post Oak Public Relations 978 - 635 - 9586, 11am to 11pm, EST
postoak.pr@gmail.com

Pete Boggs said...

A step this bold could lead to something radical like private ownership of property!

Shorebreak said...

I like the Voltaire quote. I read another one earlier today:

"In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other." --Voltaire (1764)

A very smart man indeed.