Revised New Hampshire Gold Money Bill Now Proposed in Indiana
SB453 reintroduces gold and silver as a medium of currency, establishes criteria for species exchange, species vault and digital/electronic currency providers; and jumpstarts the process by requiring the State to collect tobacco taxes and revenues in digital gold currency, and to make available digital gold currency as a payment option both to and from the state. The bill marries the time proven security and economic independence of gold and silver with modern banking technology, providing ready access to a competing currency that protects from inflation and guarantees economic liberty. The digital currency industry is a rapidly growing industry that is international in scope, providing a 'non-fractional' sound money solution for those seeking an alternative to fiat currencies.
The bill was submitted by Senator Greg Walker of District 41, (R-Columbus) and has been assigned to the Senate Tax and Fiscal Committee for reading, review and consideration. Senate Bill 453 (SB453) specifically adds: "ARTICLE (4-) 8.3. GOLD AND SILVER COIN AND ELECTRONIC CURRENCY". This legislation would allow Indiana to offer its citizens a choice of Gold (and Silver) coin or the Electronic equivalent in payable and receivable transactions with the state.This bold bill will finally bring Indiana back into conformance with the Constitution for the United States of America which states; No state shall...make any thing but gold and silver Coin a Tender in Payment of Debts..." Article 1, Section 10.
New Hampshire tried, with no success, to get the same "Gold Money bill" passed back in 2003 - 2005. (http://www.goldmoneybill.org/)New Hampshire Rep. Henry W. McElroy filed an amended final version of the Gold Money bill on Monday, October 4, 2004 for the 2004/2005 session of the New Hampshire General Court. This final version of the New Hampshire Bill was called, "Gold and Silver Coin and Electronic Currency".
While the bill did not pass, that legislation helped to focus on the digital currency aspect of using Gold (and Silver) by the State of New Hampshire and its Inhabitants and their transactions with each other. That bill and the work done in preparing and revising the document laid the ground work for today's Indiana bill.
Since the current Indiana Bill was constructed from the original New Hampshire document, it contains much of the same language. It was first drafted by Edwin Vieira Jr., Ph.D., J.D., Manassas, Virginia. The www.fame.com web site offered this detailed bio.
Edwin Vieira, Jr., holds four degrees from Harvard: A.B. (Harvard College), A.M. and Ph.D. (Harvard Graduate School of Arts and Sciences), and J.D. (Harvard Law School). For more than thirty years he has practiced law, with emphasis on constitutional issues. In the Supreme Court of the United States he successfully argued or briefed the cases leading to the landmark decisions Abood v. Detroit Board of Education, Chicago Teachers Union v. Hudson, and Communications Workers of America v. Beck, which established constitutional and statutory limitations on the uses to which labor unions, in both the private and the public sectors, may apply fees extracted from nonunion workers as a condition of their employment. He has written numerous monographs and articles in scholarly journals, and lectured throughout the county. His most recent work on money and banking is the two-volume Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution (2002), the most comprehensive study in existence of American monetary law and history viewed from a constitutional perspective. www.piecesofeight.us He is also the co-author (under a nom de plume) of the political novel CRA$HMAKER: A Federal Affaire (2000), a not-so-fictional story of an engineered crash of the Federal Reserve System, and the political upheaval it causes. www.crashmaker.com His latest book is: How To Dethrone the Imperial Judiciary. Dr. Vieira's writings on the subject can be found at:http://newswithviews.com/Vieira/edwinA.htm
Senator Walker can be contacted via his Legislative Assistant , Dana Carter, at 317-232-9984 or 800-382-9467The bill and its status can be found at: http://www.in.gov/apps/lsa/session/billwatch/billinfo?year=2009&session=1&request=getBill&docno=453