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The United States Constitution declares, in Article I, Section 10, "No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts". This means that no State can make something besides gold or silver a "tender in payment" (which means they cannot "make something else an offer as payment") for any debts, which would include debts owed by and to the State. However, EVERY Stat
02/24/2021
Kansas Legal Tender Act Would Treat Gold and Silver as Money | Tenth Amendment Center A bill introduced in the Kansas House would recognize gold and silver specie as legal tender and eliminate taxes levied on it. The legislation would pave the way for Kansans to use gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monop...
03/26/2020
With "Heroes" Like This, Who Needs Villains? | | Tenth Amendment Center According to Owen Ullmann in an op-ed published by USA Today, there are some unsung "heroes" in the battle against the coronavirus pandemic – the brave and courageous bankers at the Federal
11/06/2019
Texas Voters Approve State Constitutional Amendment to Facilitate Use of Bullion Depository | | Tenth Amendment Center Blog AUSTIN, Texas (Nov. 5, 2019) - Today, Texas voters passed a state constitutional amendment that exempts precious metals stored in the Texas Bullion Depository from certain taxes. Passage of the
07/03/2019
Now in Effect: West Virginia Law to Start Treating Gold and Silver as Money | | Tenth Amendment Center Blog CHARLESTON, W. Va. (July 1, 2019) – Today, a West Virginia law went into effect that takes an important first step toward treating gold and silver as money instead of a commodity. Sen. Craig Blair (R
07/02/2019
Now In Effect: Kansas Law Removes Barrier to the Use of Gold and Silver as Money | | Tenth Amendment Center Blog TOPEKA, Kan. (July 2, 2019) – Yesterday, a Kansas law went into effect exempting gold and silver bullion, and other precious metals, from the state sales tax. Enactment of this legislation eliminates
06/11/2019
Signed by the Governor: Texas Bill to Facilitate Use of Bullion Depository | | Tenth Amendment Center Blog AUSTIN, Texas (June 10, 2019) - Last week, Texas Gov. Greg Abbott signed a bill into law that would exempt precious metals stored in the Texas Bullion Depository from certain taxes pending passage of a proposed constitutional amendment. If voters approve the amendment, it will take another step towa...
05/23/2019
Signed as Law: Kansas Removes Barrier to the Use of Gold and Silver as Money | | Tenth Amendment Center Blog TOPEKA, Kan. (May 22, 2019) – Last week, Kansas Gov. Laura Kelly signed a bill exempting gold and silver bullion, and other precious metals, from the state sales tax. Passage of this legislation eliminates one barrier to using gold and silver in everyday transactions, a foundational step for peopl...
05/21/2019
Texas Senate Gives Final Approval on Two Bills to Facilitate Use of Bullion Depository | | Tenth Amendment Center Blog AUSTIN, Texas (May 21, 2019) - Yesterday, the Texas Senate gave final approval to a pair of bills that that would exempt precious metals stored in the Texas Bullion Depository from certain taxes. Final enactment would take another step toward the everyday use of gold and silver in financial transact...
05/08/2019
Texas House Passes Second Bill to Facilitate More Use of Bullion Depository | | Tenth Amendment Center Blog AUSTIN, Texas (May 6, 2019) - On Friday, the Texas House passed a second bill that would take a step toward exempting precious metals stored in the Texas Bullion Depository from certain taxes. Final passage of this legislation would take another step toward the everyday use of gold and silver in fin...
05/06/2019
Federal Reserve Appears Poised to Resume Monetizing U.S. Government Debt | | Tenth Amendment Center It looks like the Federal Reserve is about to get back into the bond business and help the US government deal with its massive debt. The Treasury Department announced yesterday that it will not have to borrow as much money in the third quarter of fiscal 2019 as originally anticipated. But this is no...
05/02/2019
Texas House Passes Bill to Facilitate More Use of Bullion Depository | | Tenth Amendment Center Blog AUSTIN, Texas (May 2, 2019) – Yesterday, the Texas House passed a bill that would take a step toward exempting precious metals stored in the Texas Bullion Depository from certain taxes. Final passage of the amendment proposed by this bill would take another step toward the everyday use of gold and...
04/25/2019
Texas Committee Passes Bills to Facilitate Use of Bullion Depository | | Tenth Amendment Center Blog AUSTIN, Texas (April 24, 2019) - Last week, a Texas House committee unanimously passed two bills that would exempt precious metals stored in the Texas Bullion Depository from certain taxes. Passage of the amendment would take another step toward the everyday use of gold and silver in financial trans...