Gold and Silver Standard Act (user search)
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Author Topic: Gold and Silver Standard Act  (Read 6844 times)
Filuwaúrdjan
Realpolitik
Atlas Institution
*****
Posts: 67,809
United Kingdom


« on: January 21, 2009, 08:49:26 PM »
Gold and Silver Standard Act

1. The value of currency in circulation shall be directly based on the value of the gold snd silver held by the Federal Reserve, at the rate of $900 dollars per ounce of gold or $11 per ounce of silver.

   a. Any currency printed after the passage of this act shall not become legal tender until the Federal Reserve shall have procured an equivalent amount of additional gold or silver.

2. Any citizen of Atlasia may trade official currency to the federal reserve of the Republic of Atlasia for the currency's value in gold or silver, and vice versa.

3. Gold and silver shall have equal legal standing to that of official currency of the Republic of Atlasia.


Sponsor: Pit
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Filuwaúrdjan
Realpolitik
Atlas Institution
*****
Posts: 67,809
United Kingdom


« Reply #1 on: January 25, 2009, 01:46:43 PM »
Is there anything to recommend this bill, beyond mindless dogmatism [qm]
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Filuwaúrdjan
Realpolitik
Atlas Institution
*****
Posts: 67,809
United Kingdom


« Reply #2 on: January 25, 2009, 04:56:13 PM »
I don't think that inflation is our biggest problem right now.
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Filuwaúrdjan
Realpolitik
Atlas Institution
*****
Posts: 67,809
United Kingdom


« Reply #3 on: February 02, 2009, 07:32:24 PM »
Calling a final vote on this...
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Filuwaúrdjan
Realpolitik
Atlas Institution
*****
Posts: 67,809
United Kingdom


« Reply #4 on: February 02, 2009, 08:39:34 PM »
Nay
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Filuwaúrdjan
Realpolitik
Atlas Institution
*****
Posts: 67,809
United Kingdom


« Reply #5 on: February 07, 2009, 11:05:26 AM »
This bill has failed
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