Arizona legislators pass bill to authorize gold and silver as legal tender

By: Michael Lotfi
21

AZ


PHOENIX, February 24, 2014– Today, the Arizona State Senate passed a bill that would legalize gold and silver as legal tender, moving the legislation on to the House for consideration.

If passed into law, Arizona could become the second state to recognize gold and silver as legal tender authorized for payments of debts and taxes.

SB1096 passed by a vote of 18-12

A similar bill was introduced last year. The bill passed both the House and Senate and made it to the Governor’s desk – where Jan Brewer ultimately vetoed it. It’s important to note that SB1096 is not a mandate, but simply would allow the people in Arizona to exchange goods and services, for gold or silver, without additional fines and taxes. [READ BILL TEXT HERE]

The Arizona House will now take up the bill, where it will need to be passed to make it back to the governor’s desk. Supporters say that a full year of pressure and outreach makes passage and a signature, while still difficult, more likely.

You can follow bill’s progress at TenthAmendmentCenter.com

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Michael Lotfi

CEO, Political Director at BrandFire Consulting LLC
Michael Lotfi is a Persian-American political analyst and adviser living in Nashville, Tennessee. Lotfi is the founder and CEO of BrandFire Consulting LLC. The firm specializes in public and private technology centered brand development, lead generation, data aggregation, online fundraising, social media, advertising, content generation, public relations, constituency management systems, print and more. Lotfi is also the executive state director for the Tennessee Tenth Amendment Center, a think-tank focused on restraining federal overreach. Lotfi graduated with top honors from Belmont University, a private Christian university located in Nashville, Tennessee.

  • Keith

    Excellent. It’s good that it’s now possible that Arizona might eventually join Utah and New Hampshire in this area!

  • Bryan

    The only reason to recognize it is to tax it. Works just fine without the intervention of the government.

  • Kane

    Janet Brewer vetoed that last year, is it going to get past her desk or fall in her trashcan again?

  • LoneWiseMan

    Won’t really change anything tbh.

  • Christopher

    When is Texas going to get with the program??? It has a great economy and I think this would really boost it if we cut our tie to the Federal Reserve!

    • American Patriot

      Once ALL states REFUSE to honor the federal reserve, DENY the use of ANY federal reserve notes, and STOP allowing this paper funny money as any form of ‘legal’ tender. Just because it was pushed on us, does not mean we have to accept it! We have every right to REFUSE the acceptance of valueless currency.

  • Lorenzo

    The tricky aspect behind this bill is this fact, pointed out by Michael Latfi…”It’s important to note that SB1096 is not a mandate, but simply would allow the people in Arizona to exchange goods and services, for gold or silver, without additional fines and taxes.”

    The fact that it doesn’t replace the dollar, but rather serves parallel to one another somewhat negates gold’s true value. Nonetheless, it may be a good start towards ending the fed.

    • Goodbye Feddie

      Parallel is fine. Let the people return to gold and the FED will eventually be out of business.

  • Previously Naive

    Fiat currency: It has no inherent value except for its popularity.
    How is that different from a fad?

  • Johanna

    “If passed into law, Arizona could become the second state to recognize
    gold and silver as legal tender authorized for payments of debts and
    taxes.” —— But for what ever reason, this other state was not mentioned in this article.

    • Johanna

      By name I mean.

    • tiles

      Utah is the other state

  • SovereignMary

    If the fed’s won’t follow the Rule of Law [Article 1, Section 8 "To coin Money]…
    than it’s a great idea for the states’ to recognize and uphold the
    constitution.

    • American Patriot

      Arizona needs to separate itself FROM the common U.S.
      We need to stand apart from the lazy sections of the ‘nation’ and stop all trading with states like California, CT, MD, NY, and ALL states that refuse to honor and obey the constitution!

  • Wyoming Paul

    Brewer is a one trick progressive. She needs to go!!

  • what

    what

  • what

    Gold is for fools…it is as fiat as currency only worse cause everytime a war breaks out somewhere the price of gold will swing…the value is too unstable, like bitcoin, and the amount in circulation is secret…everything about gold is foreign, unknown and subject to change on a moments notice…furthermore, gold is zero sum game…if gold goes up, consumer wins but merchant loses…if gold goes down, consumer loses but merchant wins…all you do is transfer USA social capital and social trust in the US system in exchange for the ruse of international jews…why do you think they decided to call themselves Goldberg, Goldstein, goldman, etc etc etc…worship of the goldeb calf…the deathcult…endless war and debt…

    • Chris D

      I see gold as a hedge.

      If I have 8000$ in the bank and we experience a hyperinflation then I still have 8000$ dollars, but its value is diminished.

      If I buy $8000 in gold and put it in my closet and then we hit hyperinflation I can exchange my gold (that I paid pre inflation cost for) for an equal amount of hyperinflated dollars.

      So perhaps it is fiat, but at least it has the ability to grow in the value of dollars as opposed to diminish.

      Point being I would rather have the ability to exchange my gold than burn my worthless dollars.

  • Suz

    Has anyone read the constitution lately? Just weights and measures ~ why do we need to make something legal that is already the only constitutional form of money allowed. Gold, silver, copper are scarce and have been used as money as far back in history as recorderd history is.. If the con-tract was followed as written ALL OF IT! Many problems would just go away >….. No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

    • Suz

      I forgot to say , if you missed it , its already more than legal, its lawful, constitutional, and I think its idiocy to pass laws when its already the law of the land! Are we that brain dead! This country went bankrupt in 1933 and your 3rd grade teacher just forgot to tell you. Civics, ah who needs that anyway. We were all sold off to the international bankers as collateral for there debt, the federal governments debt that is. Did you know YOU are collateral? We use debt to pay debt, there is no money in circulation. What should be illegal is slavery which is what we were all made by that 14 th amendment. What should be legalized is freedom but GEEE didn’t we already fight a revolution to get free? Wait! We’re all surf / slaves again. My God! How did that happen? What really happened is stranger than fiction. Pass a bill that frees all the 14th amendment citizen slaves and I might be impressed. Criminals are running this asylum.

    • American Patriot

      Gold and silver must be the only form of ‘currency’ this nation uses, and the federal reserve notes returned to the treasury and burned.