Montana Legislator wants to be paid in silver and gold

The Daily Inter Lake ^ | 8:08 am, Tue Nov 13, 2012. | By JIM MANN

[GeronL]

he would still be paid the same

[JoeFromSidney]

When I was growing up in the 1940s I collected stamps. One of my prized items was a German postage stamp, which was overprinted as selling for several billion (that's billion with a B) Marks. I can't remember the exact number now, but I do remember the billions.

It was only years later that I learned about the Weimar hyperinflation. I was appalled at the idea that someone could have worked hard, saved his money, only to find that his lifetime savings were no longer enough to buy a postage stamp.

Looks like we're well on the way there ourselves.

[aposiopetic]

How about a nice Burl Ives recording?

[publius911]

Contacted at his Columbia Falls-area home, O’Neil said that he did not contact Legislative Services prior to sending the letter to see if there may be any logistical barriers to providing his legislative pay in gold and silver.

It is sad that this Republican is so profoundly ignorant. After the establishment of the Federal Reserve, the confiscation of Gold by FDR, and the 40,000 laws that have been interpreted as nulifying the Bill of Rights, his chances of getting paid in gold (at face value,) is essentially ZERO.

The average d******t (47%) has an excuse; an elected politician does not.

[Toddsterpatriot]

He isn’t being paid with “state coined money”, so there is no violation of the constitution.

[OneWingedShark]

He isn’t being paid with “state coined money”, so there is no violation of the constitution.

I didn't say he was; I was replying to a poster who said "if states want to issue their own money, it has to be gold or silver" -- the issuance of gold/silver is called coining, that is prohibited in the portion of the Constitution I cited.

[Carriage Hill]

At the rate we’re plunging into debt and inflation, a massive economic and societal collapse is just a short drive down the block. Prep for it...

[OneWingedShark]

his chances of getting paid in gold (at face value,) is essentially ZERO.

He didn't want paid at face value, but at market value; see the penultimate sentence.

[unixfox]

Here’s an idea.

Take your paper money and trade them in for gold coins.

See, that wasn’t so hard.

[Teacher317]

He doesn’t care about the coins, he cares about calling attention to the issue

[Republican Wildcat]

That is precisely what I thought of as soon as I saw that headline and was going to find and post a link to that video on here. :-)

[knarf]

It always was

[Irish Eyes]

That looks like some of the money I was using in Argentina years ago. It was mind numbing.

[Carriage Hill]

Pre or post collapse?

http://www.survival-spot.com/survival-blog/argentina-collapse/

[Liberty Wins]

Only so many dollars can be printed before they have no value.

This short explanation should be taught in every Economics class and be incorporated into every oath of office.

[OneWingedShark]

>>Only so many dollars can be printed before they have no value.
>
>This short explanation should be taught in every Economics class

This video is good at explaining things, I think.

[MV=PY]

I like it. It’s a way to raise awareness of the problem. Too many legislators think we can run the printing presses forever.

We need to grow the political backbone to address this issue head on.

[MV=PY]

I like it. It’s a way to raise awareness of the problem. Too many legislators think we can run the printing presses forever.

We need to grow the political backbone to address this issue head on.

[Winstons Julia]

It don’t get no better than Burl Ives.

[Smokin' Joe]

This note is legal tender for all debts public and private...

Used to continue to say"...and is redeemable in lawful money at the United States Treasury or any Federal Reserve Bank."