2017 has been a watershed year so far for states desiring to break away (rebel) from irresponsible fiscal policies out of Washington, and diabolical monetary policies issued by the central bank. By this we mean that more and more states are looking hard at the potential of having gold and silver as money in the wake of rising inflation and a devaluing dollar.
So far three states have either submitted or passed legislation allowing for the metals to once again be recognized and accepted as Constitutional money, and now we can add a fourth as the great state of Texas is currently debating a new bill to allow gold and silver to become once again legal tender.
A bill introduced in the Texas Senate would establish gold and silver as legal tender in Texas. Passage of the bill would create currency competition in the state and serve to undermine the Federal Reserve’s monopoly on money.
Sen. Bob Hall introduced Senate Bill 2097 (SB2097) on March 10. The bill includes a number of provisions to establish gold and silver as legal tender in Texas. It declares specifically that certain gold and silver coins are legal tender, and prohibits any tax, charge, assessment, fee, or penalty on any exchange of Federal Reserve notes (dollars) for gold or silver. The bill authorizes the payment of taxes and fees in gold & silver in certain circumstances. It would also prohibit the seizure of gold or silver by state authorities. SB2097 also included provisions relating to gold and silver clauses in contracts, prohibiting payment in dollars if the contract calls for payment in gold and silver. Legally enforcing these contracts through state law would serve to encourage their use.
Along with the establishment of a Texas gold depository authorized in 2015, passage of SB2097 would set in place all four steps states can take to encourage sound money and take on the Federal Reserve. - 10th Amendment Center