The gold standard was restored to the United States and that we missed ... Let's not exaggerate, but in America, where the gold-dollar parity was abolished some 15 August 1971 - President Nixon that day throwing to the winds the rules of Bretton Woods: "The United States will fight no more with one hand tied behind its back "- in America, therefore, the dollar was, since then the only reference currency. However, there is almost a year, in May 2011, legislators in Utah (West) passed a law establishing the gold and silver as legal tender in their country. To make good measure, they also tax-free business transactions and metallic.
Promoter of this idea, an original local named Craig Franco intended to preserve the Utah increasing distrust of Americans to their motto, and so do Pioneering saving. He found himself a Republican in the House of Utah, Brad Galvez, to make his and convince his peers to vote this law. Governor Gary Herbert, a Republican and a Mormon, had only to sign .
Since, obviously, neither gold nor silver have replaced the greenback in that State, and the share of these metals in the local trade has remained so infinitesimal that no one in public administration from Utah , can not give any figures as to their representativeness. Nothing to wonder: from the beginning, we were in the symbolic, except perhaps in the spirit of Mr. Franco, who, coherent, opened a shop trading in gold and silver in Salt Lake City ...
The idea continues on his way. Chamber of South Carolina adopted a first text abundant in the sense that has not yet surpassed the Senate. In other states - Tennessee, Georgia , Colorado, Iowa, Minnesota - elected officials seek to convince their counterparts to vote and to vote a text restoring the gold currency.
In fact, the dream of restoring the legitimacy of the precious metal in the U.S. is essentially shared by the libertarian movement, which pushes further the logic of a state of confinement at least sovereign - the economy in general and particular currency is not part of its prerogatives. For years, its flagship policy , the Texas Republican Representative, proclaims its desire to see abolished the Federal Reserve (Fed) and, alternatively, canceled its exclusive prerogative of beating currency.