G. Edward Griffin discusses the US monetary system, fiat money, legal tender and the value of silver and gold.
Idaho State Representative Phil Hart explains the "Idaho State Silver Gem Act" that he authored and plans to re-introduce next year. The Silver Gem Act allows the State Treasurer to sell and accept silver medallions for people to use any way they wish. Silver transactions with the State would be penalty and premium free. The silver would be set at market value.
The benefits of the Silver Gem Act are:
• Silver can be used as an alternative currency, outside of the banking system
• Jobs will be created in the metal refining industry in Idaho
• Silver- and gold- are a protection against inflation for both the public and Idaho State
The Idaho Silver Gem Act serves as a model that other states and local governments can use. If the bill passes, people can use silver with confidence because the government of Idaho will accept it, too. The Idaho Silver gem Act will also help to prevent possible federal precious metal confiscation.-Silver Shines as an Economic Solution
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