by Ron Paul Liberty Report staff
Undermining the Federal Reserve received a major boost yesterday.
Arizona Governor Doug Ducey signed into law a bill that eliminates capital
gains taxes on gold and silver, thus allowing Arizona residents to use
precious metals as currency instead of Federal Reserve notes.
Currency competition against the monopolist Fed is starting to unfold.
Let’s hope that other states follow in Arizona’s heroic footsteps. There’s no
reason to wait for another severe financial crisis to act.
Read Ron Paul’s statement via The Campaign For Liberty below:
Campaign for Liberty Chairman Ron Paul and Campaign for Liberty
President Norman Singleton issued the following statements regarding the
Arizona Legislature’s passage — and Arizona Governor Doug Ducey’s signing —
of HB 2014.
HB 2014 defines gold, silver, and other precious metals as legal tender
and exempts them from capital gains taxes, thus allowing Arizona residents to
use precious metals instead of Federal Reserve notes.
Dr. Paul testified before the Arizona Senate Finance Committee in
support of the bill in March.
Every supporter of free-markets should cheer Arizona’s passage of HB
2014. There is no more justification for forcing individuals to use
government-created money than there is for forcing them to drive
government-manufactured cars. In fact, as the Federal Reserve’s 114 years of
failure shows, giving monopoly control over our money supply to a secretive
central bank is the most dangerous form of government intervention,” said Dr.
Ron Paul.
“By allowing the people of Arizona to use an alternative to Federal
Reserve-created fiat currency, HB 2014 will help the people of Arizona
survive the next Federal Reserve-created recessions. Passage of this bill
will also help make Arizona more attractive to the growing number of people
seeking alternatives to fiat money in order to protect themselves, their
families, and their business from the effects of Federal Reserve policy.
Thus, this bill will help attract new investments and jobs to Arizona.
“I hope other states follow Arizona’s lead and pass legislation
protecting the right of their citizens to choose to use precious metals instead
of the Federal Reserve’s consistently depreciating fiat currency,” continued
Dr. Paul.
“Congratulations to Arizona Campaign for Liberty for their successful
efforts to pass HB 2014 through the Arizona Legislature and then convincing
Governor Ducey to reverse positions and sign the bill into law,” said C4L
President Norm Singleton. “Campaign for Liberty is planning to work with
activists across the country to get more state legislatures to follow
Arizona’s lead. We will also continue our critical work to change our
nation’s money monopoly by getting Congress to vote on — and pass — Audit the
Fed.”
Full article courtesy of
News and Commentary
Gold
firm as market awaits Fed policy cues (Reuters.com)
U.K.’s
May Warns Further Terrorist Attacks Could Be Imminent (Bloomberg.com)
Chinese
Stocks Drop With Aussie on Moody’s Cut (Bloomberg.com)
Kashkari
adds to dovish caution on rate hikes at Fed (Reuters.com)
New-home
sales tumble in April after soaring to 10-year high in March
(MarketWatch.com)
The
Great Reset: How Should We Then Invest? (MauldinEconomics.com)
Billion-Dollar
Gold Dream Lures Mining Maverick Out of Hiatus (Bloomberg.com)
Stop
procrastinating and buy bitcoin now (StansBerryChurcHouse.com)
Gold
& Silver Now Treated As Money In Arizona (RonPaulLibertyReport.com)
UK
Deploys Army As Terror Threat Raised To Critical, May Warns “More Attacks
Imminent” (ZeroHedge.com)
Gold Prices (LBMA AM)
24 May: USD 1,251.35, GBP 963.29 & EUR 1,119.58 per ounce
23 May: USD 1,259.90, GBP 969.62 & EUR 1,119.17 per ounce
22 May: USD 1,255.25, GBP 967.17 & EUR 1,123.07 per ounce
19 May: USD 1,251.85, GBP 962.17 & EUR 1,122.03 per ounce
18 May: USD 1,261.35, GBP 968.21 & EUR 1,133.95 per ounce
17 May: USD 1,244.60, GBP 961.70 & EUR 1,122.13 per ounce
16 May: USD 1,234.05, GBP 958.98 & EUR 1,117.93 per ounce
Silver Prices (LBMA)
24 May: USD 17.03, GBP 13.14 & EUR 15.22 per ounce
23 May: USD 17.14, GBP 13.22 & EUR 15.25 per ounce
22 May: USD 16.95, GBP 13.04 & EUR 15.10 per ounce
19 May: USD 16.77, GBP 12.90 & EUR 15.02 per ounce
18 May: USD 16.81, GBP 12.90 & EUR 15.10 per ounce
17 May: USD 16.90, GBP 13.03 & EUR 15.22 per ounce
16 May: USD 16.72, GBP 12.97 & EUR 15.13 per ounce
