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Is the U.S. losing faith in its own dollar? Bills proposed in more than a dozen states to make gold and silver legal currency for use

by Mark Duell, Daily Mail:

 

U.S. politicians are rapidly losing faith in the dollar, with more than a dozen states proposing legislation to legalise gold and silver as a currency.

Politicians in Colorado concerned about the nation’s financial stability are the latest to push a bill to legalise gold and silver coins as usable currency.

But from a consumer angle the conservative bill would not lead to people carrying gold nuggets in their purses and would have little practical effect.

 

 

 

The GOP proposal reflects anxieties about the domestic consequences of the European debt crisis and chronic deficit spending in Washington D.C.

‘There are lots of concerns about the U.S. monetary system,’ said the bill’s sponsor, Republican Senator Kent Lambert of Colorado Springs.

‘There’s no way to maintain the value of anything if countries start a race to the bottom by inflating their currency to get out of debt.’

Read More @ DailyMail.co.uk

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