AZ Senate approves gold as currency bill

Gold “Dust”

The Senate of Arizona is sending a message that it wants to trust gold and silver, not the US dollar:

The Arizona state Senate on Tuesday approved a bill that would make gold and silver legal currency in the state. The bill, previously approved by the Arizona state House of Representatives, is headed to Gov. Jan Brewer’s desk, and if she signs it, the measure would take effect in 2014, making Arizona the second state in the country to recognize precious metals as legal tender. Brewer, a Republican, has yet to weigh in on whether she supports the proposal.

Proponents have hawked the measure as a hedge against inflation, arguing that the declining value of the dollar could make gold and silver a more stable form of capital. Loren Gatch, a professor at the University of Central Oklahoma, told Bloomberg News that the legislation is a mark of protest against the easy money policies being pursued by the U.S. Federal Reserve under Chairman Ben Bernanke.

“This legislation is about signaling discontent with monetary policy and about what Ben Bernanke is doing,” Gatch said. “There is a fear that the government, or Bernanke in particular, and the Federal Reserve, is pursuing a policy that will lead to the collapse of the dollar. That’s what is behind it.”

Due to persistently high unemployment (and the inability of gridlocked Washington to agree on robust fiscal policy measures to address it), Bernanke has adopted a policy called “quantitative easing,” now in its third iteration, that injects capital into the U.S. economy by essentially printing money. http://www.cbsnews.com/8301-250_162-57582317/arizona-bill-recognizes-gold-silver-as-legal-currency/

While the Federal Reserve, as my last post shows (see Federal Reserve considering increasing improper money creation) is pursuing policies that will help lead to the destruction of the US dollar, I do not believe that Arizona will be able to stop that. Nor do I believe that if the dollar collapses that Arizona will not be hurt.

The USA is increasing its debt and ultimately foreigners, including creditors, will rise up against the USA.

That being said, both biblical (Daniel 11:40-44) and non-biblical prophecies point out that the final leader that the Bible calls the King of the North will value gold (for details, please see the article The Plain Truth About Gold in Prophecy. How Should a Christian View Gold?).

The fact that some in the USA are realizing that the Federal Reserve and others are contributing to the destruction of the US dollar will not be enough to stop its destruction.

Some articles of possibly related interest may include:

The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
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