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  Topic: Legislator wants to be paid
in silver and gold
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Legislator wants to be paid
in silver and gold

Daily Inter Lake [Kalispell MT], by Jim Mann

Original Article

Posted By:davesenior, 11/13/2012 5:26:38 PM

State Rep. Jerry O’Neil, R-Columbia Falls, is spooked enough about the country’s fiscal picture to request that his legislative pay come in the form of gold and silver coins.In a letter sent to Montana Legislative Services this week, O’Neil cites Article 1, Section 10 of the U.S. Constitution, which states in part that no state shall “make anything but gold and silver coin a tender in payment of debts.”[SNIP]But now he says he is looking at the value of the dollar “in a new light.”The country’s $16 trillion debt “is a warning sign we can only ignore at our peril,”

      


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Reply 1 - Posted by: stablemoney, 11/13/2012 6:11:17 PM     (No. 9012232)

The Senator underestimates Obama´s ability to debase the gold coin. He shouldn´t expect much more than an inexpensive wood with a gold paint gloss.

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Reply 2 - Posted by: Axeman, 11/13/2012 6:53:07 PM     (No. 9012304)

The gold paint gloss, #1, would still be worth more than a dollar.

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Reply 3 - Posted by: pineledger, 11/13/2012 7:14:36 PM     (No. 9012338)

What if we all did this?



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Reply 4 - Posted by: Pepper Tree, 11/13/2012 8:18:28 PM     (No. 9012448)

Years ago, I read some kook´s opinion that ammunition would become the underground coinage. In the last year I came to the conclusion that if Obama stayed in office the kook may have been a sage.

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Reply 5 - Posted by: Ida Lil, 11/14/2012 3:06:57 AM     (No. 9012876)

Oh year legislator by all means get paid in gold. The last time gold was pushed as the perfect recession hide your cash utopia only those who bought theirs before the new style Goldrush came out ahead. All the sales after that point was fools buying gold and they lost it all when the price crashed back later to just under the first bench mark.

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Reply 6 - Posted by: Trigger2, 11/14/2012 4:06:37 AM     (No. 9012913)

This guy should have done more law research. The death bill contains a provision that the goobermint can confiscate all your gold. Don´t know about silver.

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