3rd Candidate for Governor Adrian Wyllies view on Monetary Policy: Also at the bottom of it was a question asked and answered by him:You know that something is deeply wrong with our economy. Everyone one of us has been affected by it. The price of staple food products like bread and milk is up 70% in the last decade. The average home energy bill has gone from $350 in 2005 to $575 in 2012. Most of the increase is directly caused by inflation resulting from Federal Reserve policies of ex nihilo currency, fractional reserve lending, and quantitative easing. However, none of those policies are being addressed by Congress or the President. They only care about how much they can plunder from us, and who gets to share the loot. Since it is now clear that we cannot trust Congress or the President to solve the problem, it is up to us to protect ourselves, our community, and our state from the looming “inflation cliff” and federal hyper-taxation and debt. As governor, that is exactly what I intend to do. There are steps that the State of Florida can take to protect you from a possible currency or economic crisis. We can ensure that we have sound money in Florida. All it takes is someone willing to recognize the problem, and offer real solutions. Under the United States Constitution, Article 1, Section 10, states are prohibited from using anything but gold and silver coin as a tender in payment of debt. Under my governorship, the Florida state government will follow the Constitution and begin paying its bills in gold & silver coin. We will convert our current reserves from fiat dollars to gold and silver. This will prompt the businesses receiving gold and silver as payment from the state to transact other business in gold & silver. That, coupled with my proposed Competing Currencies Act, would create the infrastructure for individuals and businesses to use gold & silver coin as legal tender. This idea is not fringe, nor is it unprecedented. A similar law has already been enacted by the State of Utah, and other states are considering this idea as well. I’m not proposing to abolish transactions made in U.S. Dollars, also known as Federal Reserve Notes. We are just offering people the option of paying in alternate currencies. When you purchase items in a store that accepts competing currencies, you would have the option to pay in Federal Reserve Dollars or gold/silver coins…Or, perhaps even Bitcoins, for example. This transition will be gradual. It will require considerable public education and will require a few years to be fully implemented. But once Floridians begin transacting in — and saving — gold & silver, we will be much better prepared to weather any potential inflationary crisis that the fiat Federal Reserve Note (a.k.a. the U.S. Dollar) may experience. inShare 5 2 thoughts on “Monetary Policy” Kitty August 27, 2014 at 12:23 pm Does this mean that you would also begin paying state employees in gold & silver? Wyllieforgovernor August 27, 2014 at 3:45 pm If they opted for that. No one would be required to transact in Gold and Silver but it would be an option in Florida.
Posted on: Tue, 28 Oct 2014 11:16:05 +0000
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