The Indiana Honest Money Act will be voluntary for citizens, but mandatory for certain, specialized businesses and will allow Indiana to fund the Treasury with enough assets insuring that no current state funds will need to be earmarked. S.B. 453 is NOT a replacement for Federal Reserve Notes, but more of a competing, Constitutional currency and an insurance policy for our current, tenuous "money" system.
Indiana is picking up where New Hampshire left off in their attempt to get essentially the same Bill passed back in 2003 and 2005. The Bill was written by eminently qualified Constitutional Money Scholar and practicing Constitutional Lawyer, Dr. Edwin Vieira of Virginia. Jerry Titus of Kokomo, a Senior Field Service Engineer, worked to take New Hampshire's Constitutionally compliant wording of Dr. Vieira's Bill and adapted it for Indiana's unique purposes.
This exciting juncture is only the beginning of S.B. 453 as it needs to be approved by the Tax and Fiscal Committee for House consideration, etc., and will probably be subject to debate and possible amendments. There will be about 700 Bills under consideration in the current Legislature and only about 200 will survive to be voted on.
Here's the official wording for S.B. 453.
For more information you may contact: Dana Carter, Legislative Assistant to Sen. Walker at 317-232-9984 or 800-382-9467 Or, visit the Indiana Honest Money website HERE.
For more background information you may contact Harvey Wharfield at 978-635-9586 who has been involved with the concept of a Gold Money Bill for the past five years and has worked with both New Hampshire, Indiana, and other states, in raising the conscientiousness of "sound money" around the country.
Q: Has anyone read the Constitution since 7th grade?
If so, then you'll recall that Article I, Section 10 states: 'No state shall... coin money... make anything but gold and silver coin a tender in payment of debts'
Thus, the Federal Reserve notes are illegal under the very founding laws upon which Our country has been founded - OUR Constitution - yet, the Federal Reserve currency is simply viewed as "acceptable".
Additionally, it's illegal for states' to mint their own currency. States are permitted to mint individualized state quarters, but the federal government will NOT allow states to protect themselves from inflation by switching to sound money.Can anyone with the BIG picture in mind share logical reasons for the topic of dismantling the Federal Reserve:
1) Was never mentioned during our last election...
2) Was never discussed as a legitimate solution during the Wall Street bailout...
3) Why it isn't routinely covered, discussed or debated in any corporate media venue...OR, most importantly...
4) Explain why our monetary system - much less reforming it - isn't included in the curriculum of public school children studying American government?
A: On June 15, 2007, Ron Paul introduced HR 2755: Federal Reserve Abolition Act. There were no co-sponsors, no further action was taken & the legislation was referred to the House Committee on Financial Services and effectively pigeonholed & ignored. Isn't it HIGH TIME a campaign for conscientiousness awareness on this matter be a TOP PRIORITY before THIS happens in AMERICA?
Live your values. Love your country.
And, remember: TOGETHER, We can make a DIFFERENCE!