Saturday, September 17, 2011 1:08:12 PM
http://www.dailypaul.com/179051/ron-pauls-most-important-bill-yet-hr-1098
Paul holds hearing on legalizing competition in currencies -
Submitted by cpowell on Sat, 2011-09-17 14:50.
Section: Daily Dispatches
10:48a ET Saturday, September 17, 2011
Dear Friend of GATA and Gold (and Silver):
Last week U.S. Rep. Ron Paul, R-Texas, chairman of the House Subcommittee
on Domestic Monetary Policy and Technology, held a hearing on
his proposed Free Competition in Currency Act of 2011 (H.R. 1098),
which would repeal legal tender laws, restrictions on private mints,
and taxes on gold and silver, since such taxes interfere
with the metals' circulation as money.
Testifying were the executive director of the Foundation for
the Advancement of Monetary Education, Lawrence M. Parks, and
George Mason University Economics Professor Lawrence H. White.
Video of the hearing is not quite an hour long and you can watch
it at the Paul campaign Internet site here:
http://runronpaul.com/economy/hearing-on-sound-money-sept-13-2011/
The full text of the legislation is simple and concise
and can be found here:
http://www.govtrack.us/congress/billtext.xpd?bill=h112-1098
The legislation would seem to legalize the Liberty Dollar coins
whose issuer recently was convicted on vague charges
in federal court in North Carolina.
Professor White quotes New York Sun editor and Wall Street Journal
contributor Seth Lipsky to the effect that it doesn't make much
sense to suppress private money that is sound
to protect money that is unsound.
Unfortunately the Free Competition in Currency Act has no co-sponsors and
its introduction and this week's hearing seem to be mainly
an educational exercise.
But that's where everything starts.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Insiders bought 1,127,500 shares today:
http://www.tmxmoney.com/HttpController?GetPage=InsiderTradeMarker&Market=V&Language=en
Welcome RON PAUL 2012 -
http://investorshub.advfn.com/boards/board.aspx?board_id=9201
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