Sound Money Legislation Landslide

pmbug

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2025 has brought a sound money legislation landslide. Several states passed or almost passed legislation to establish gold and silver as legal tender and to develop payment rails for using them as a parallel currency. I reviewed the legislation for bills in AR, MO, FL and TX in the article linked below.

 
Once again, how is "legal tender" defined?

Dollars are "legal tender", but apparently, no one has to accept them as payment. Once again, thank the courts, who have defined legal tender as only applying to "debts", which has been defined as only being large, outstanding debts, as in a mortgage. And who pays their mortgage in cash?
 
Arkansas legislation defines it:
(3) "Legal tender" means a recognized medium of exchange for the payment of debts and taxes;

Missouri legislation defines it:
(3) "Legal tender", a recognized medium of exchange for the payment of debts, public charges, taxes, or dues that is:
(a) Authorized by the United States Congress pursuant to Article I, Section 8 of the United States Constitution; or
(b) Authorized by Missouri law pursuant to Article I, Section 10 of the United States Constitution;

Florida legislation defines it:
(e) "Legal tender" means a medium of exchange recognized by this state pursuant to s. 10, Art. I of the United States Constitution as a valid and legal offer of payment for debts when tendered to a creditor that agrees to receive such medium of exchange.

Texas legislation states:
Sec. 2116.101. LEGAL TENDER. (a) To the extent authorized by Section 10, Article I, United States Constitution, gold and silver specie that meet the requirements of this section are legal tender in this state.

Texas did not explicitly define it within the confines of HB1056, but I suspect it's a well established legal term in Texas. It means a valid specie/medium of exchange for the payment of debts. I'm really not sure what point you are trying to make.
 
2025 has brought a sound money legislation landslide. Several states passed or almost passed legislation to establish gold and silver as legal tender and to develop payment rails for using them as a parallel currency. I reviewed the legislation for bills in AR, MO, FL and TX in the article linked below.


I would think the most important step is not having to pay capital gains on gold and silver. That's mafia bullshit.
 
Arkansas legislation defines it:

Missouri legislation defines it:

Florida legislation defines it:

Texas legislation states:

Texas did not explicitly define it within the confines of HB1056, but I suspect it's a well established legal term in Texas. It means a valid specie/medium of exchange for the payment of debts. I'm really not sure what point you are trying to make.

My point is that "legal tender" does not have to be accepted as a form of payment. A grocery store, or any other store, has no legal obligation to accept gold, silver, dollar bills, or any other "legal tender".

The stage is set for nothing to be accepted for payment except for CBDCs.


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If US dollars are legal tender, why can businesses refuse to accept them as payment for goods or services?

U.S. dollars are legal tender, meaning they must be accepted for debts owed to creditors, as mandated by the Coinage Act of 1965 (31 U.S.C. § 5103). However, businesses are not legally required to accept cash for goods or services in a transaction unless a debt has been incurred (e.g., a tab or invoice). This distinction arises because a sale is considered a voluntary exchange, and businesses can set their own payment policies, such as accepting only digital payments or specific denominations, as long as they comply with state or local laws.

Some businesses refuse cash due to convenience, security concerns, or operational costs, though this can raise issues of accessibility for unbanked customers. Certain states and localities, like New York City and San Francisco, have passed laws requiring businesses to accept cash to address this, but no federal law mandates it for all transactions. If a business refuses cash, it’s within its rights unless local regulations say otherwise or a debt is involved."
 
My point is that "legal tender" does not have to be accepted as a form of payment. A grocery store, or any other store, has no legal obligation to accept gold, silver, dollar bills, or any other "legal tender".

Gotta start somewhere. Payment infrastructure first, widespread adoption later.

I do suspect that widespread adoption is simply not gonna happen until something big happens, e.g. secession.
 
Gotta start somewhere. Payment infrastructure first, widespread adoption later.

I do suspect that widespread adoption is simply not gonna happen until something big happens, e.g. secession.

As far as the "something big happening", my money is on high to hyperinflation. Literally.
 
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