DGC Blog » sc Rep michael Pitts http://www.dgcmagazine.com/blog Gold is the only asset class that is not someone else's liability Thu, 02 Sep 2010 21:13:50 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 South Carolina Now Has A Constitutional Tender Bill (just introduced:-) http://www.dgcmagazine.com/blog/index.php/2010/02/08/south-carolina-now-has-a-constitutional-tender-bill-just-introduced/ http://www.dgcmagazine.com/blog/index.php/2010/02/08/south-carolina-now-has-a-constitutional-tender-bill-just-introduced/#comments Mon, 08 Feb 2010 21:55:40 +0000 Mark http://www.dgcmagazine.com/blog/?p=2939 From Bill Greene’s blog:

South Carolina has joined the growing ranks of States which have had Constitutional Tender bills introduced!

On February 2nd, 2010, SC Rep. Michael A. Pitts (District 14 – Abbeville, Greenwood & Laurens Cos.) introduced H. 4501, the “Gold and Silver Coin as Legal Tender” Act. This bill would allow “silver and gold” to once again be legal tender in South Carolina, as opposed to the paper bank notes of Federal Government debt.

The language of H. 4501 is different than our model Constitutional Tender Act bill, but the effect would be the same – making gold and silver coin the only thing allowed as payment to and from the State.

We’ll take that!

Links:
H. 4501
Rep. Michael A. Pitts

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