Posted by AzBlueMeanie:
So how's that "De-Kook the Capitol" thing working out for ya, Laurie Roberts? The Glenn Beck conspiracy theorists, who apparently got burned in his Goldline fraud – "The company’s business model was built on systemically swindling and scaring its mostly elderly clientele into purchasing overpriced gold coins, prosecutors in California alleged, leading the company to settle for $4.5 million in refunds to its customers," Beck-backed gold fraud? – Salon.com – have found a way to unload their gold coins while living out their paranoid end-times apocalyptic fantasies. And just in time, too, because The Price of Gold Is Crashing. Here's Why – Bloomberg Businessweek.
The Tea-Publican controled Senate gave final approval Tuesday to Senate Bill 1439 which would make Arizona only the second state in the nation to recognize gold and silver as legal tender. The Arizona Capitol Times (subscription required) reports, Arizona bill making gold legal tender sent to Gov. Brewer:
If signed into law by Gov. Jan Brewer, the measure would take effect in 2014.
The state Department of Revenue opposed the measure. It passed in the House only after an amendment was added to exempt the department from having to accept gold or silver as tax payments.
The measure reflects a growing distrust of government-backed money amid the declining value of the dollar, according to proponents. Republican Rep. David Livingston of Peoria, a financial adviser who ushered the legislation through the House, said his clients were eager to tap into their gold and silver reserves.
But Democrats, who voted against the measure in the Senate and House, said it sends a false message to constituents that gold and silver are safer than traditional currency.
* * *
Democratic Sen. Steve Farley of Tucson said the measure is unnecessary and would create long lines at businesses as store clerks inspect and weigh the gold and silver. The measure would allow the use of precious metals as money only when businesses agree to take them.
“Businesses are not clamoring for this, to say the least,” Farley said. “This is basically growing the size and scope of government to create an entirely new currency system.”
Farley noted that the price of gold saw a significant drop in early April, its biggest one-day plunge since 1983. He said allowing gold and silver as legal payment at grocery stores and other businesses would prove too unpredictable.
“Anybody who thinks gold or silver is a safe place to put your money had better think again,” he said.
Utah became the first state to allow gold or silver payments in 2011. It has seen little use for the reasons cited by Sen. Steve Farley, businesses want nothing to do with it. This is just a wingnut end-timers apocalyptic fantasy.
Stop the insanity! Contact Governor Jan Brewer and insist that she veto SB 1439, the Glenn Beck Goldline bill.
The Honorable Janice K. Brewer
1700 West Washington Street
Phoenix, AZ 85007
Phoenix Office: (602) 542-4331
Tucson Office: (520) 628-6580
Fax Number: (602) 542-1381
In-State Toll Free 1-800-253-0883 (outside Maricopa County only)
E-mail form: Contact the Governor