On Wednesday March 8, former Congressman and Audit the Fed champion Ron Paul will be speaking to the Arizona Senate Finance Committee regarding Bill HB2014, and the benefits of making gold and silver legal tender in the state.
HB2014 encompasses two key components regarding gold and silver. First, it recognizes the metals as legal tender in accordance with the Constitution of the United States, and second it would remove any state capital gains taxes on the sale of these metals, making it easier for Arizonan's to begin the process of using gold and silver as money now, or in the near future.
Audit the Fed is not the only focus of the growing anti-Fed movement. For example, this Wednesday the Arizona Senate Finance and Rules Committees will consider legislation (HB 2014) officially defining gold, silver, and other precious metals as legal tender. The bill also exempts transactions in precious metals from state capital gains taxes, thus ensuring that people are not punished by the taxman for rejecting Federal Reserve notes in favor of gold or silver. Since inflation increases the value of precious metals, these taxes give the government one more way to profit from the Federal Reserve’s currency debasement.
HB 2014 is a very important and timely piece of legislation. The Federal Reserve’s failure to reignite the economy with record-low interest rates since the last crash is a sign that we may soon see the dollar’s collapse. It is therefore imperative that the law protect people’s right to use alternatives to what may soon be virtually worthless Federal Reserve notes.
This Wednesday I will be in Arizona to help rally support for HB 2014, speaking on behalf of the bill before the Arizona Senate Finance Committee at 9:00 a.m. I will also be speaking at a rally at noon at the Arizona state capitol. I hope every supporter of sound money in the Phoenix area joins me to show their support for ending the Fed’s money monopoly. - Ron Paul Institute