If we're going to fight the Federal Reserve Bankers and demand a return to Sound Money, this starts at a State level. [Divided We Fail, United We Stand].
I'm glad to see New Hampshire jumping in the [COMMON SENSE FIGHT] for a Legal Tender Bill, which would give Citizens of that State the ability to conduct commerce in Gold and Silver LAWFULLY, while still giving all the people all the same rights to use the Fed option. If people for different reasons want a substitute to the Federal Reserve Fiat note system, there are Constitutionally protected alternatives! The Federal government pretends and turns a blind eye to this fact that Gold and Silver can be lawful money at a State level! There's absolutely nothing the Federal government OR Private Bankers can do about this [[very inconvenient fact]] from a Legal perspective, as this is ENSHRINED in Article 1, Section 10, Clause 1 of the United States Constitution. You know, the one from 1776 that protects us from tyrannical powers our Founding Fathers were running from, both foreign and domestic.
Individuals and Corporations would have a way to stop the inflation bleed, once and for all! States and their Treasury Offices would now have a new method to protect the future buying power of their Citizens! Wow, what a concept! This absolutely includes all Individuals, Corporations and Local and County Governments that are smart enough to wake up to this! The greatest of change starts at a grassroots level. Slowly but surely, persons and organizations are recognizing they can affect change within their spheres and organizations - Amen!
The argument at the state level generally comes up of: who is going to pay for it? Well, the fantastic thing is that states have an effective monopoly on essentially whatever its Citizens allow it to have. New Hampshire has done a particularly effective job at both public-private partnerships (Audley Construction and the Common Man chain, owned by Alex Ray), and even examples such as the NH State run monopoly on selling liquor. Whether they are popular or unpopular is irrelevant for this discussion. The fact is, Governments can and do enter into contracts in various ways based on the needs of the State, the same rights as Individuals, Corporations and Governmental powers where unique people hold and wield significant influence.
Well respected states such as New Hampshire will have first mover advantage against other states creating similar structures by signing legislation like this into law (to which I would argue most states will eventually pass Legal Tender legislation). States will have additional means to generate new business from other Individuals, Corporations and Local and County Governments of other States who don't trust their own states status on MONEY!!
STATES HAVE A MONOPOLY ON REAL MONEY, GOLD AND SILVER AND PRACTICALLY NONE OF THEM HAVE FIGURED THIS OUT!! IF A STATE CAN PARTNER UP WITH RESTAURANT OWNERS, SELL LIQUOR, AND BUILD HIGHWAYS THAT ARE THE ENVY OF NEIGHBORS TO THE SOUTH, WHY WOULD ANY STATE NOT WANT THE ABILITY TO CUSTODY AND MANAGE REAL MONEY, GOLD AND SILVER, SITTING IN A VAULT AND POSSIBLY EVEN BLOCKCHAINED?! 🤯
So the short answer on funding a Legal Tender Act at a State level is it is very doable. A sound Legal Tender Act alongside a Bullion depository or private partnership would effectively create a "megatoll" of huge proportions for such State with wide adoption, with the toll being 1% on the way in, 0.25% annually, and 1% on the way out (paid in Fiat, or paid out of existing ounces deposited). States could self-run, or choose business partners that include multiple asset backed digital blockchain companies.
With any passed legislation, this would trigger an on-ramp of funding in both the digital and physical. States could presumably start converting ABDC/blockchain/tokens/ whatever you want to call the technology, into physical Gold and Silver to be delivered wherever the State Treasurer directs the precious metals to be stored! Presumably, companies that would not want to be outed as complete frauds would decline participation in this very lucrative opportunity for them, as leadership within these organizations would know pretty quickly whether or not they could follow and fulfill a contract with a State, who has significant legal backing in the event of fraud. Once significant trust was established with these private-public partnerships, precious metals could flow through a free market economy to and from states, and states could even create Gold and Silver pools (a pool in this sense would be like moving from a demand deposit to a CD), that yield interest from payments from Gold and Silver loaned to other states based on that state's credit worthiness! It would be totally possible for Local, County and even entire States to lend to other states. In fact, this would most likely need to happen as only a handful of states will be able to pull this kind of system off before the rest of the system. Implodes, and poor states will rely on wealthy states creating new loans, backed by the Gold and Silver.
** For example, a Treasurer's Office in a Republican led County in California might decide that as part of their [FIDUCIARY DUTY] to the Citizens of their County, that for fiscal prudence and that their way of serving their consistents would not change, that they could establish a New Hampshire Bullion backed Bank account for their Citizens! Excess reserves that are unlikely to be spent within a 12-month period would be a good candidate to start with. As technology advances and the law becomes more understood, needs will change, and a periodic review of policy and procedures should be enshrined in that local or county law.
I'm trying to look out for all Gold and Silver stackers, and I'm trying to be a peacemaker here in this world full of war! There are many soon-to-be-stackers out there who have no idea they are stackers yet! We have all been there before. Gold and Silver people know the scheme is over with the entire Federal Government. It is safe to say that many people you might walk up to on the streets would say the entire Federal Government is rotten to the core. So why do We The People continue to put up with their crap?! I know I'm done! I would also say that Crypto/blockchain people know the scheme is over as well. They are equally as knowledgeable as Precious Metals bugs when it comes to treason and corruption within the Federal Government! So let's all try to come together for a common purpose, a common goal, to eradicate evil from our lives, and this must be met with a grassroots effort! Let's make Legal Tender Legislation and Gold and Silver Bullion Depositories Great Again!