w*********s
发帖数: 2136 | 1 【 以下文字转载自 WorldNews 讨论区 】
发信人: whiteclouds (/ 参考消息 /), 信区: WorldNews
标 题: Utah House Passes Bill Recognizing Gold, Silver as Legal Tender
发信站: BBS 未名空间站 (Sat Mar 5 01:20:22 2011, 美东)
Utah took its first step Friday toward bringing back the gold standard when
the state House passed a bill that would recognize gold and silver coins
issued by the federal government as legal currency.
The House voted 47-26 in favor of the legislation that would also exempt the
sale of gold from the state capital gains tax and calls for a committee to
study alternative currencies for the state.
The legislation now heads to the state Senate, where a vote is expected next
week.
Under the bill, the coins would not replace the current paper currency but
would be used and accepted voluntarily as an alternative.
If the bill passes, Utah would become the first of 13 states that have
proposed similar measures. The others states are Colorado, Georgia, Montana,
Missouri, Indiana, Iowa, New Hampshire, Oklahoma, South Carolina, Tennessee
, Vermont and Washington.
Backers of Utah's bill say they want to send a message to the rest of the
country.
"People sense that in the era of quantitative easing and zero interest rates
, something has gone haywire with our monetary policy," said Jeffrey Bell,
policy director for the Washington-based American Principles in Action,
which helped shape the bill.
"If one state recognizes gold as a valid currency, I think it would embolden
people not just in other states but in Washington," he said.
The U.S. used the gold standard from 1873 until 1933, when President
Franklin D. Roosevelt outlawed the private ownership of gold amid the Great
Depression. President Richard Nixon abandoned the gold standard altogether
when he announced in 1971 that the U.S. would no longer convert dollars to
gold at a fixed value.
Critics of the gold standard say it limits countries' control over its
monetary policy and leaves them vulnerable to financial shocks, such as the
Great Depression. But supporters argue that the current financial system's
dependence on the Federal Reserve exposes the value of U.S. money to the
risk of runaway inflation. | w*********s
发帖数: 2136 | | I***e
发帖数: 1136 | 3 This law is useless.
The problem is not that gold/silver can't be treated as money elsewhere. It
is that US dollar has to be treated as legal tender in all states, including
Utah.
If people all believe Gold/Silver will be better money, nobody will use them
to pay for anything before they have exhausted all paper money. "Bad
currency drives out good". | w*********s
发帖数: 2136 | 4
It
including
them
【在 I***e 的大作中提到】
: This law is useless.
: The problem is not that gold/silver can't be treated as money elsewhere. It
: is that US dollar has to be treated as legal tender in all states, including
: Utah.
: If people all believe Gold/Silver will be better money, nobody will use them
: to pay for anything before they have exhausted all paper money. "Bad
: currency drives out good".
| I***e
发帖数: 1136 | 5 Funny that all of the gold bugs jump out at the new high of gold. Truth is,
5-10 years from now, it is very likely for gold be back down below 1000, and
silver under 25.
Here is what Warren Buffett has to say about gold:
"Gold gets dug out of the ground in Africa, or someplace. Then we melt it
down, dig another hole, bury it again and pay people to stand around
guarding it. It has no utility. Anyone watching from Mars would be
scratching their head."
-iCare-
【在 w*********s 的大作中提到】
:
: It
: including
: them
| l****u
发帖数: 980 | 6 太好了,估计等不了多久就会恢复铜钱了.我家还藏着几串. | w*********s
发帖数: 2136 | 7 Utility and value
Protability
Indestructibility
Divisibility
Stability of value
Cognisability
= money
now you should know why Max Keiser call the $ "Warren Buffet toilet paper"
,
and
【在 I***e 的大作中提到】
: Funny that all of the gold bugs jump out at the new high of gold. Truth is,
: 5-10 years from now, it is very likely for gold be back down below 1000, and
: silver under 25.
: Here is what Warren Buffett has to say about gold:
: "Gold gets dug out of the ground in Africa, or someplace. Then we melt it
: down, dig another hole, bury it again and pay people to stand around
: guarding it. It has no utility. Anyone watching from Mars would be
: scratching their head."
: -iCare-
| w*********s
发帖数: 2136 | 8
http://en.wikipedia.org/wiki/Gold
【在 I***e 的大作中提到】
: Funny that all of the gold bugs jump out at the new high of gold. Truth is,
: 5-10 years from now, it is very likely for gold be back down below 1000, and
: silver under 25.
: Here is what Warren Buffett has to say about gold:
: "Gold gets dug out of the ground in Africa, or someplace. Then we melt it
: down, dig another hole, bury it again and pay people to stand around
: guarding it. It has no utility. Anyone watching from Mars would be
: scratching their head."
: -iCare-
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