Arizona Challenges the Fed’s Money Monopoly

Arizona Challenges the Fed’s Money Monopoly

Dr. Ron Paul’s Weekly Column for March 5 gives us great news about the growing anti-Fed movement and monetary policy in the state of Arizona.

This is another example pioneered by Bernard von NotHaus for citizens, states or other organizations to lead America back to a value based monetary system and protect its citizens from the abuse and monetary rape of its citizens by the federal fiat money.

An excerpt:

Audit the Fed is not the only focus of the growing anti-Fed movement. For example, this Wednesday the Arizona Senate Finance and Rules Committees will consider legislation (HB 2014) officially defining gold, silver, and other precious metals as legal tender. The bill also exempts transactions in precious metals from state capital gains taxes, thus ensuring that people are not punished by the taxman for rejecting Federal Reserve notes in favor of gold or silver. Since inflation increases the value of precious metals, these taxes give the government one more way to profit from the Federal Reserve’s currency debasement.

Tomorrow, Wednesday March 8, Dr. Paul will be in Arizona to help rally support for HB 2014, speaking on behalf of the bill before the Arizona Senate Finance Committee at 9:00 a.m. He will also be speaking at a rally at noon at the Arizona state capitol. He hopes every supporter of sound money in the Phoenix area joins him to show their support for ending the Fed’s money monopoly.

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