US Supreme Court allows 40 states to issue their own gold and silver-backed currencies, endorsing dual banking systems.

So apparently the US Supreme Court has just given 40 US states the green light to begin issuing their own gold and silver-backed currencies.

Quote from the SC decision:

“The United States maintains a dual system of banking, made up of parallel federal and state banking systems. That dual system allows privately owned banks to choose whether to obtain a charter from the Federal Government or from a state government.”

www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf

There has been a recent development regarding state-sponsored banks and their ability to issue gold and silver-backed currencies. Let’s explore this further:

• Supreme Court Ruling:
  • The Supreme Court upheld the state’s right to maintain its own charter and allow state banks to issue gold-backed currency, bypassing the Federal Reserve’s corporate system¹.
  • This ruling was released on May 30, 2024, and marks a significant step toward decentralization in the banking sector.
• Dual Banking System:
  • Each state in the USA operates its own banking system, parallel to the Federal Reserve.
  • State-sponsored banks now have the option to acquire gold reserves and disband from the Federal Reserve system.
  • This effectively establishes a dual banking system where state banks can operate independently of the corporate Fed system.
• Implications:
  • States that choose to issue gold and silver-backed currencies can potentially reduce their reliance on the Federal Reserve.
  • It also opens the door for alternative forms of currency within individual states.
• Other States:
  • South Carolina, for example, has taken steps toward recognizing gold and silver as legal tender²³.
  • Louisiana, Utah, and Texas have also passed legislation recognizing gold and silver as legal tender

This development reflects a growing interest in alternative monetary systems and highlights the ongoing debate over the role of central banks and state autonomy.

Source: https://citizenwatchreport.com

Your Tax Free Donations Are Appreciated and Help Fund our Volunteer Website

Disclaimer: We at Prepare for Change (PFC) bring you information that is not offered by the mainstream news, and therefore may seem controversial. The opinions, views, statements, and/or information we present are not necessarily promoted, endorsed, espoused, or agreed to by Prepare for Change, its leadership Council, members, those who work with PFC, or those who read its content. However, they are hopefully provocative. Please use discernment! Use logical thinking, your own intuition and your own connection with Source, Spirit and Natural Laws to help you determine what is true and what is not. By sharing information and seeding dialogue, it is our goal to raise consciousness and awareness of higher truths to free us from enslavement of the matrix in this material realm.