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Montecresto 
Group: Members
Posts: 1874
Joined: Jul. 2012
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Posted on: Nov. 14 2012, 9:53 am |
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A Republican state legislator in Montana who once supported U.S. Rep. Ron Paul (R-Texas) for president is asking to be paid in gold and silver coins to guard against a collapse of the dollar.
State Rep. Jerry O'Neil (R-Columbia Falls) wrote to the state's Office of Legislative Services on Friday making the request, noting that concerns among his constituents about the national debt have prompted him to ask for payment in gold and silver coins "that are unadulterated with base metals." O'Neil, who is entering his sixth term, had not objected previously to being paid in dollars by the state for his services. Politico first reported the story on Tuesday.
"My constituents, when I went door to door, one of the things they were interested in was the $17 trillion national debt," O'Neil told The Huffington Post. "Some of my constituents said we would not have this problem if we had currency backed by gold."
(The Department of the Treasury, as of this writing, gave the U.S. federal debt as $16.2 trillion.)
O'Neil said these concerns inspired him to look into ways to best protect the people of Montana, and he felt the use of gold to pay his salary and possibly other state bills would be one solution. O'Neill backed Paul in his presidential campaign, one platform of which was a return to the gold standard.
In his letter to the state, O'Neil said that he believes that accepting gold and silver coins for his salary would allow him to fulfill his obligations to the U.S. Constitution as a legislator.
O'Neil wrote:
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.
http://www.huffingtonpost.com/2012....61.html
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Killing one person is murder, killing a 100,000 is foreign policy
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WalksWithBlackflies
Resident Eco-Freak Bootlicker
Group: Members
Posts: 8830
Joined: Jun. 2004
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Posted on: Nov. 14 2012, 10:10 am |
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I wonder if my employer will pay me in alpacas?
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When I let go of what I am, I become what I might be. - Lao Tzu
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| Post Number: 3
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Ecocentric
Group: Members
Posts: 3986
Joined: Jun. 2009
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Posted on: Nov. 14 2012, 11:12 am |
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I'm betting that a space tug will bring back a solid gold asteroid 500' across before this wing nut gets paid in gold. California used to be called the land of fruits and nuts, but I think the nuts have moved to the Idaho/Montana border. I trust Keynesian economics more than the capricious nature of precious metals that we haven't yet found.
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"Travel suggestions from strangers are like dancing lessons from God." -Kurt Vonnegut Jr.
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| Post Number: 4
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Montecresto
Group: Members
Posts: 1874
Joined: Jul. 2012
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Posted on: Nov. 14 2012, 12:31 pm |
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Well he won't be getting paid in gold and silver to be sure. Regardless of whether or not the gold standard is superior to Keynesian economics.
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Killing one person is murder, killing a 100,000 is foreign policy
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| Post Number: 5
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High_Sierra_Fan
Group: Members
Posts: 39802
Joined: Aug. 2005
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Posted on: Nov. 14 2012, 12:40 pm |
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I expect he could set up a direct deposit system with whatever gold seller O'Reilly is pimping for these days.? Get some nice pants along with....
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| Post Number: 6
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TehipiteTom
Group: Members
Posts: 5312
Joined: Jul. 2006
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Posted on: Nov. 14 2012, 1:14 pm |
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I wonder how many of these gold bug types are aware that when we were on a strict gold standard, depressions were a regular occurrence in the US. And if they do know, is that really what they want to go back to?
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"If ricin is outlawed, only outlaws will mail letters with ricin."--National Ricin Association
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| Post Number: 7
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Survival Skills 101 • Eat Better
