01 23 19 Wyoming Bills Would Require State’s Trust Funds to Hold “Monetary Metals” — A NATION BEGUILED

If signed into law, the three bills would direct the state’s treasurer to invest 10 percent of the funds held in the state’s pension fund, its reserve fund, and its mineral trust fund in gold and silver. Each bill has 15 or more cosponsors, and they are being sold to other legislators as a necessary counterbalance to those funds’ traditional holdings of government bills, notes, bonds, and other investments. This is especially persuasive, as those funds have suffered paper losses of more than $200 million thanks to investments in foreign securities.The bills would also reinforce the state’s decision last summer to allow its residents to use gold and silver alongside Federal Reserve Notes (either paper or digital) in daily transactions, and eliminate any taxes on those transfers. That bill received overwhelming support in both the Wyoming House and Senate, and the bills presented last week are expected to get similar support.

via 01 23 19 Wyoming Bills Would Require State’s Trust Funds to Hold “Monetary Metals” — A NATION BEGUILED

About mobiuswolf

Aspiring writer of Zombie fiction.
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