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Written by Barnini Chakraborty
- Fox News |
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Thursday, February 07, 2013 |
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Virginia is one step closer to breaking ties with the country's monetary system.
A proposal to study whether the state should adopt its own currency is gaining traction in the state legislature from a number of lawmakers as well as conservative economists. The state House voted 65-32 earlier this week to approve the measure, and it will now go to the Senate.
While it’s unlikely that Virginia will be printing its own money any time soon, the move sheds light on the growing distrust surrounding the nation’s central bank Read more |
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Written by Rich Danker
- Fox News |
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Thursday, August 18, 2011 |
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Hugo Chavez’s announcement that he will nationalize his country’s gold industry may come across as another in the long list of power grabs by the Venezuelan leader. But looked at from a larger vantage point, he is following the rest of the world’s drift toward a de facto international gold standard.
Venezuela’s gold mining was already officially nationalized in 1965, and the new measure means the government will enforce the law more stringently. The reason? Venezuela’s central bank already has 63 percent of its rese Read more |
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Written by Ralph Benko
- Fox News |
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Monday, August 15, 2011 |
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Today we celebrate, or, actually, mourn the 40th anniversary of President Richard Nixon’s taking America, and the world, off the gold standard, making many promises that were promptly broken. (For instance, President Nixon promised that the dollar would retain its full value. It only is worth about 19 cents today of what it was worth in 1971.)
There’s a little known twist. And as the late Radio Journalist Paul Harvey, master of the unexpected twist, would have said, “now you know the rest of the story.”
President Read more |
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Written by Michael R. Crittenden
- Fox News |
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Wednesday, July 06, 2011 |
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WASHINGTON - The debate about the economy is beginning to show gilded edges as politicians mining voter uncertainty and skepticism about the nation's fiscal position are forcing gold back into the policy discussion.
The precious metal has bubbled up on a number of fronts in recent weeks, both on Capitol Hill and on the campaign trail. A trio of GOP senators this week introduced a bill aimed at making it easier to use gold coins, and a House panel recently held a hearing on "investigating the gold" to examine U.S.-held Read more |
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Written by Fox News
- Fox News |
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Wednesday, March 09, 2011 |
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Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.
The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state.
The legislation now heads to the state Senate, where a vote is expected next week.
Under the bill, the coins would Read more |
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