One statement says: If enacted, HB 697 and SB 750 would officially recognize specie (including gold and silver) as legal tender — thus bringing Florida closer to constitutional compliance and treating gold and silver as money.
The next statement says: Furthermore, HB 697 and SB 750 include provisions that would allow non-U.S.-minted gold and silver coins to be recognized as legal tender, further weakening Fed control.
Would this apply only to gold and silver in coin form that would be recognized as legal tender, or would bullion be recognized also.
The articles goes on to list the constitutional provision. Article I, Section 10, of the U.S. Constitution plainly states that “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”
This says what it says, and seem to exclude bullion as legal tender.
I think I understand the implication of the statement below: (Going back to your article)
The bills also pave the way for online and electronic transactions involving gold and silver. Electronic currency is defined as “a representation of actual gold and silver, specie, and bullion held in a depository account, which may be transferred by electronic instruction.”
This means that if I had either coin or bullion in a private depository, I could draw against the value of that gold or silver, I think. This would be similar to what is allowed with PM kept in a private depository today, If you have gold stored in private depository you can by real estate, spend on business and other things I can't remember.
Lastly, and pertaining to what your articles says:
The Utah Specie Legal Tender Act also spawned the creation of Goldbacks, a local, voluntary medium of exchange, representing dollar-denominated notes made from physical gold.
I'm not sure how you would create a dollar note made from physical gold, (And I assume this would apply to silver also, right?)
However it works, this is good news and tells me someone at the legislative level is pushing back on the fed plan to further enslave us with CBDC.
Question: Referencing this article
One statement says: If enacted, HB 697 and SB 750 would officially recognize specie (including gold and silver) as legal tender — thus bringing Florida closer to constitutional compliance and treating gold and silver as money.
The next statement says: Furthermore, HB 697 and SB 750 include provisions that would allow non-U.S.-minted gold and silver coins to be recognized as legal tender, further weakening Fed control.
The articles goes on to list the constitutional provision. Article I, Section 10, of the U.S. Constitution plainly states that “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”
I think I understand the implication of the statement below: (Going back to your article)
The bills also pave the way for online and electronic transactions involving gold and silver. Electronic currency is defined as “a representation of actual gold and silver, specie, and bullion held in a depository account, which may be transferred by electronic instruction.”
This means that if I had either coin or bullion in a private depository, I could draw against the value of that gold or silver, I think. This would be similar to what is allowed with PM kept in a private depository today, If you have gold stored in private depository you can by real estate, spend on business and other things I can't remember.
Lastly, and pertaining to what your articles says:
The Utah Specie Legal Tender Act also spawned the creation of Goldbacks, a local, voluntary medium of exchange, representing dollar-denominated notes made from physical gold.
I'm not sure how you would create a dollar note made from physical gold, (And I assume this would apply to silver also, right?)
However it works, this is good news and tells me someone at the legislative level is pushing back on the fed plan to further enslave us with CBDC.