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Date: Mon, 14 Apr 2003 15:51:35 -0600
Subject: [libnetd] FW: More LIberty Dollar In Insight : Kelly Strikes Again ; Kelly O'Meara / Insight Magazine
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> -----Original Message-----
> From: lsn@overthrow.com [mailto:lsn@overthrow.com] 
> Sent: Monday, April 14, 2003 3:16 PM
> To: rcg@destiny-worldwide.net
> Subject: More LIberty Dollar In Insight : Kelly Strikes Again 
> ; Kelly O'Meara / Insight Magazine
> 
> 
> More LIberty Dollar In Insight
> Kelly Strikes Again
> 
> 4/14/03 5:15:48 PM
> Kelly O'Meara / Insight Magazine
> 
> Reno, Nevada -- http://www.insightmag.com/news/407743.html
> 
> Nevada vs. the Federal Reserve?
> Posted April 4, 2003
> 
> By Kelly Patricia O Meara
> 
> As Insight reports this week, there currently are 60 
> different forms of currency in circulation throughout the 
> United States, and the reasons for issuing this alternative 
> money are as numerous as the currencies themselves [see 
> "Alternative Money Has Redeeming Value"].
> 
> While many have begun using new forms of currency to keep the 
> money within their community, there are others, such as 
> Bernard von NotHaus, founder of the National Organization for 
> the Repeal of the Federal Reserve, who are intent on using it 
> to publicize the populist claim that the Federal Reserve is 
> illegitimate. Now it appears that even some states are 
> beginning to question whether the Fed is constitutional.
> 
> A bill recently submitted to the Nevada Assembly Committee on 
> Constitutional Amendments directs the issuance of Nevada 
> silver coins. The act, now under consideration, states in part that:
> 
> the purported delegation by the Congress of the power to 
> issue money to the Federal Reserve Bank, a privately owned 
> corporation, is a violation of the terms of the U.S. Constitution;
> 
> the failure of the Congress to discharge its obligations to 
> issue all the money pursuant to Section 8 of Article I of the 
> Constitution absolves the state of Nevada from its 
> constitutional obligation not to issue money;
> 
> the state of Nevada shall issue into circulation coins of the 
> state of Nevada in the amount of $50 million. The coins must 
> contain 1 ounce of fine silver, must be alloyed to 90 percent 
> fineness and must bear the Great Seal of the state of Nevada 
> on one side and the words, "Contains One Troy Ounce Fine 
> Silver," "Twenty Dollars," "Nevada Legal Tender" and the year 
> of issue on the other side. The coins so issued are legal 
> tender for all debts, public and private, in Nevada.
> 
> if the Nevada Legislature determines that the U.S. Congress 
> is fulfilling its constitutional obligation to issue money by 
> requiring the Federal Reserve "to retire its circulating 
> notes and causing the issuance of sufficient notes of the 
> United States and other currency to meet the needs of the 
> commerce of the United States and Nevada, the State Treasurer 
> shall retire the coins authorized by this section as they are 
> received into the State Treasury."
> 
> Nevada is the first of the 50 states to consider taking such 
> steps against the Federal Reserve, and one has to wonder 
> which, if any state, will be next. At a minimum, it's not 
> good news for a Federal Reserve that has made printing money 
> and manipulating the amount of money and credit in 
> circulation into an art form, especially on its 90th anniversary.
> 
> Kelly Patricia O'Meara is an investigative reporter for Insight.
> 
> Libertarian Socialist News
> ATTN:  Bill White, Editor
> Post Office Box 12244
> Silver Spring, MD 20908
> 
http://www.overthrow.com
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