Florida To Make Gold & Silver Official Means Of Payment

Florida is considering legislation (HB 999) to make gold and silver coins legal tender and exempt them from sales tax, creating a payment system independent of digital currency. This move aims to provide a safeguard against governmental control and the potential imposition of martial law. Historically, gold and silver have served as primary means of payment, with paper money initially representing receipts for gold holdings, eventually leading to fractional reserve banking. The US once allowed silver as legal tender, and earlier, President Roosevelt confiscated gold from the populace. The Bretton Woods agreement established the US dollar as the world reserve currency, allowing the US to issue debt as global reserves, until President de Gaulle's demands for gold led to the closure of the "gold window." The value of the dollar has been artificially maintained by short-selling in the precious metals market, a practice where paper claims to gold and silver are used to depress prices. Recent demand for physical gold and silver, driven by uncertainty over fiat currency, has overwhelmed this short-selling mechanism, causing prices to rise. The author suggests that potential US interests in resources like Venezuelan oil or Greenland could be attempts to back the dollar with tangible assets. The US dollar's status as the world's reserve currency is threatened by massive national debt, offshoring of manufacturing, and the weaponization of the dollar, exemplified by the seizure of Russian central bank reserves. Losing its reserve currency status would cause the dollar to fall, leading to hyperinflation in the import-dependent US economy. Protecting the dollar's value is deemed more critical than current foreign policy expenditures.