Ohio Legislators propose state currency backed by silver and gold

[doc03]

COLUMBUS, Ohio (WCMH) — Ohioans could soon buy their groceries or morning coffee with silver and gold instead of the American dollar.

House Bill 206, introduced by Reps. Jennifer Gross (R-West Chester) and Riordan McClain (R-Ashland), would establish a state currency based on gold and silver. The bill directs the state treasurer to set up a transactional currency rooted in silver and gold to address concerns with the value of the U.S. dollar.


https://www.msn.com/en-us/politics/government/ohio-legislators-propose-state-currency-backed-by-silver-and-gold/ar-AA1PpHGu

I don't really understand what this is meant to accomplish, but since it is coming from the Republicans, I doubt it is good.

[NCDem47]

1. Well, they see their messiah hell bent on tanking the US Dollar

Setting the stage.

Carrying around gold bullion will be heavy!

[doc03]

5. I assume it would be Ohio currency backed by silver and gold like when the US

currency was a called a Silver Certificate. Maybe they will bring back the Company Store Ernie Ford sang about.

[ret5hd]

8. a troy oz is about $4000...

how much are you going to have to carry?

[Chasstev365]

2. Did anyone give William Jennings Bryan 1896 Cross of Gold speech?

Who knew the Silverites were back?

[walkingman]

3. They must think the zombie apocalypse is near? Looks like Trump and Co. might be getting close

to filing another bankruptcy....an American one.

[unblock]

4. Unconstitutional, article I, section 10.

States can't have their own currencies.

Apparently they can have gold or silver token. Not really a separate currency, just a share of gold or silver. Changes value exactly as does the metal. That's ok, but it's not really a currency.

[doc03]

7. Ohio? I can see it now gold and silver coins with Trump on both sides. nt

[3Hotdogs]

9. Next election, I'm voting for William Jennings Bryan.

[MoneyMan88]

10. Money vs. Currency

What to make of this is an education on money and currency is needed. The dollar ceased being the same dollar when the Federal Reserve Act passed, it became the Federal Reserve Note.

We've been fooled into allowing the creation of a debt based economy which means that every dollar that comes into existence is being loaned into existence by the banks(including our central bank). The banks will then be collecting interest on those loaned dollars either by individuals or by the government but they never create enough dollars to pay that interest so all of society is thrown into that crisis with bankruptcies and defaults built into the system.

https://rumble.com/v6vgexp-financial-illumination-how-our-monetary-system-works.html

[Bernardo de La Paz]

11. Rumble is not a credible source. Not clicking. Who is behind the video/whatever?

And your point of view on the Federal Reserve and money seems kind of right wingish and incorrect.

Please explain a non-right wing phrasing of your point, if you can.

[marble falls]

14. Checkhttps://mediabiasfactcheck.com/rumble/ this out ...

... https://mediabiasfactcheck.com/rumble/

A person would have to be very stupid to buy into this crap!

[Bernardo de La Paz]

17. As you say:

[marble falls]

12. find another source this is a Right Wing misinformation site. ...

Rumble
Website
rumble.com
Rumble is an online video platform and cloud services business headquartered in Toronto, Ontario, with its U.S. headquarters in Longboat Key, Florida. It was founded in October 2013 by Chris Pavlovski, a Canadian technology entrepreneur. The cloud services business hosts Truth Social, and the video platform is popular among American right and far-right users. The platform has been described as part of "alt-tech". Wikipedia


Rumblw is a RW source, remove it!

[Emile]

13. 1st post on DU, and you link to a right-wing site.

[marble falls]

15. It takes a certain special ignorance to do that!

[Bernardo de La Paz]

16. Or malfeasance. However the poster is not following a troll pattern, so far. Trolls don't hesitate to post. . . . nt

[LetMyPeopleVote]

18. Welcome to DU

[marble falls]

19. He's been shown the door. That Hitler/Nazi name and post still stands but I hope it gets taken down.

[Bernardo de La Paz]

20. Whoops. I missed the 88. Good catch! . . . .nt

[marble falls]

21. Fine Nazi you'd make! It was the last thing that caught my eye. That was a loaded post!!!

[LetMyPeopleVote]

22. Thank you for the update