When Can Use of Sound Money Begin?
Sound Money is about to make a come back. More and more people are waking up to the sad reality that under our current system the U.S. dollar has lost more than 95% of its purchasing power over the past century. For the 150 years of our history before that, being backed by precious metals, the dollar held its value quite nicely, only dipping for short periods when we went off the gold standard during war time.
Heeding the warning signs over the past few years, nearly a dozen states have considered various versions of sound money legislation, based upon the authority recognized in Article I, section 10 of the U.S. Constitution, which provides that no state shall make anything but gold and silver coin tender for payment of debts.
The Idaho house of representatives approved one such bill in 2010, but it stalled in the state senate.
At the beginning of 2011, Utah is poised to become the first state in the new millennium to reinstate Sound Money on American soil. The Utah bill goes a step further than the Idaho law applying not only to tax payments, but to voluntary use of specie in any "intrastate" commerce transaction whatsoever. Join the chorus of Citizens for Sound Money calling on their representatives to pass the Utah Sound Money Act by
March 1, 2011.
Let's plan to meet that day at 3:00 pm under the Capitol Rotunda to witness the signing of an Act that will lay the ground work for a new era of prosperity and security in Utah and in our Nation.