Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

Pay Me In Gold: Lawmaker Requests Compensation In “Money That Has Intrinsic Value”

IMG Auteur
Published : November 14th, 2012
617 words - Reading time : 1 - 2 minutes
( 6 votes, 5/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...

 

 

 

 

Some lawmakers are finally getting it, with the latest example coming from Jerry O’Neil, a state congressional representative in Montana.

 

At one time a trivial matter for O’Neil, he says he now understands the damage being done by the Federal Reserve’s monetary policy and the over $16 trillion in U.S national debt.

 

In a letter to Montana’s Legislative Services, the congressman notes that the U.S. Constitution  prohibits the payment of debts in anything but gold and silver, and says that his oath to the Constitution and the people he represents can only be honored if the government pays his legislative salary to him, “in gold and silver coins that will still have value when the U.S. dollar is reduced to junk status.”

 

The full copy of the letter (pdf) is available below:

 

 

November 12, 2012

 

 State of Montana Legislative Services

 Central Services Office

 Post Office Box 201706

 Helena, Montana 59620-1706

 

Re: Legislator Compensation

 

Dear Legislative Services:

 

Last week I was re-elected to serve the people of House District 3 as their Representative in the Montana Legislature. Once again it will be my privilege to take the oath of office, promising to obey and protect the United States Constitution and the Constitution of Montana.

 

When campaigning, some of my constituents informed me I was not honoring my duty to uphold and defend the United States Constitution. The area of their concern is the prohibition, contained in Article I, Section 10, that states, “No state shall – - make anything but gold and silver coin a tender in payment of debts – -.” They ask me how I, a policy maker for the State of Montana, can ignore this clear constitutional prohibition.

 

Over the 10 years I have previously served in the legislature I have considered this a trivial matter that would show me to be out of step with our national rulers if I made an issue out of it. I did not want to be branded as a fanatic over an issue of no consequence.

 

Today I am looking at this issue in a new light. When I was going to my constituents homes I agreed with them the most important issue for the coming legislative session will be to protect them from the economic debacle hanging over our heads.

 

With just a cursory look at history we know a country that lives beyond its means faces dire consequences. Having a $16,000,000,000,000 national debt is a warning sign we can only ignore at our peril. Having such a debt and allowing it to increase unchecked is an invitation for national suicide.

 

It is very likely the bottom will fall out from under the U.S. dollar. Only so many dollars can be printed before they have no value. The Keynesian era of financing government with debt appears to be close to its demise. If and when that happens, how can we in the Montana Legislature protect our constituents?

 

The only answer I can come up with is to honor my oath to the U.S. Constitution and request that your debt to me be paid in gold and silver coins that will still have value when the U.S. dollar is reduced to junk status. I therefore request my legislative pay to be in gold and silver coins that are unadulterated with base metals.

 

I am not asking for you to give me gold and silver American Eagles at their face value of $50.00 and $1.00, but rather at their current market prices that today are $1,801.00 and $35.28.

 

Hopefully this will be an example for our Montana citizens and prompt them to also have some of their own wealth in money that has intrinsic value.

 

Yours truly,

 

Jerry O’Neil

 

 

Thanks to Mac Slavo from www.shtfplan.com
Companies Mentionned : Metals X |
<< Previous article
Rate : Average note :5 (6 votes)
>> Next article
Latest comment posted for this article
A congressman woke up ? WTF ? Read more
prljr - 11/14/2012 at 9:10 PM GMT
Rating :  0  1
Top articles
Latest Comments
Gold Surges Another 7% This Week...
12 Febovertheedge
"Buyers should be getting into position to buy on the next dip." Gold is up something like 16% so far this year. Should'a bought when it wa...
Here We Go Again: Banks Are Impl...
12 Febsonora69
What is going to happen NEXT Monday? The Shanghai markets are closed all this week for the Lunar New Year. Monday morning ( or Sunday night U.S. t...
First Report since April, 2014
05 FebAndy_K1
Jason, One of your articles written way back is one of the reasons I started paying attention to silver and shortly thereafter started to ...
Something has Changed in Gold St...
06 Febneville
No nothing strange has happened in GOLD stocks....absolutely nothing.....The fact of the matter is that you byrne have been playing the man and...
The Revisionist Theory and Histo...
05 Febovertheedge
"The key is in the hand of the U.S. government. It is the same key that was used to lockthe U.S. Mint to silver in 1873, and to gold sixty years la...
First Report since April, 2014
05 FebS W.1
Here I was just 2 days ago thinking whatever happened to that evangelical silver guy. Low and behold up he springs, like some spirit from the g...
LBMA Silver “Price”: A Perfect S...
03 FebS W.
There is no doubt that the Comex can be used as a casino for those who want to trade Silver up/or down or maybe some just wish to take a small punt...
LBMA Silver “Price”: A Perfect S...
30 JanOzSILV1
Bron refuses to EVER admit this market is a Casino and the disconnect between Paper and Physical is a big clue to this
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Lara Expl.(Cu-Zn-Au)LRA.V
Revised Resource Estimate Report Filed for Maravaia Copper Gold Deposit
CA$ 0.34+1.49%Trend Power :
Corporate news
Black HillsBKH
Black Hills reports 4Q loss
US$ 51.64-2.75%Trend Power :
Corporate news
Kinder Morgan(Oil)KMP
Midstream Companies Were above the 20-Day Moving Averages
US$ 102.03+1.98%Trend Power :
Corporate news
Kinder Morgan(Oil)KMP
Midstream Companies Were above the 20-Day Moving Averages
US$ 102.03+1.98%Trend Power :
Corporate news
Devon Energy(Ngas-Oil)DVN
Gasoline Inventories Rose Last Week despite Fall in Production
US$ 21.69+2.07%Trend Power :
Corporate news
United States Steel(Fe-Sn)X
U.S. Steel (X) States Ratification of Labor Agreements
US$ 7.40+8.35%Trend Power :
Corporate news
Black HillsBKH
4:34 pm Black Hills Corp beats by $0.04, misses on revs; guides FY16 EPS below consensus
US$ 51.64-2.75%Trend Power :
Corporate news
Black HillsBKH
Black Hills Corp. Reports 2015 Fourth Quarter and Full Year Results
US$ 51.64-2.75%Trend Power :
Corporate news
Transcanada PipelinesTRP.TO
TransCanada to Sign Substantial Agreement to Benefit Québec Economy
CA$ 48.65+0.16%Trend Power :
Corporate news
Devon Energy(Ngas-Oil)DVN
4Q15 Crude Oil Prices: Fallout for the Energy Sector and SPY
US$ 21.69+2.07%Trend Power :
Corporate news
Comments closed
  All Favorites Best Rated  
A congressman woke up ? WTF ?
Rate :   0  1Rating :   -1
EmailPermalink