The Sound Money Act : R.C. Williams and Julianna Ormond
R.C. Williams and Julianna Ormond: The Fight Between Economic Freedom and Slavery
Palisades Gold Radio: 1-25-2024
Tom welcomes R.C. Williams and Juliana Ormond to the show to discuss the implementation of the Sound Money Act. Deriving authority from Article 1, Section 10 of the US Constitution, the Act will enable states to mint their own gold and silver currency, thereby reducing dependence on federal fiat money.
To guarantee successful implementation, the precious metals must be declared as legal tender and be functional in transactions, just like debit cards.
Williams and Ormond foresee Florida, Texas, Utah, South Carolina, Oklahoma, Missouri, and New Hampshire as the states most likely to accept the Act.
The states' chief financial officers will manage the system, with technological support from tech firms.
The Sound Money Act, backed by precious metals, presents wealth protection and growth opportunities. They caution this new system should complement, not replace, conventional fiat currencies.
This precious metal-backed system has prime potential to inhibit unlawful financial activities and money laundering due to improved transparency and accountability.
Moreover, it provides a check on government towards greater restraint over their fiscal activities.
Successful implementation of the Sound Money Act requires strong legislative backing. In Florida, this backing is accomplished by winning support from key political figures.
Challenges are foreseen, but the procedure is expected to boost state sovereignty and monetary freedom.
The states' rights, as defined by the 9th and 10th Amendments, empower them to independently manage themselves and secure citizens' interests, even when facing federal intervention.
The group anticipates that if a significant number of states adopt gold and silver as legal tender, it could press the Federal Reserve into critical discussions leading to ideological and practical dilemmas.
This could eventually address the debt issue. To help citizens voice their opinions on the matter, the group has initiated the Watchmen Action platform to provide resources required for engaging in research, narrative development, and legislative outreach.
The aim is to rally leaders toward valuable public changes despite facing opposition from those entrenched in the current economic structures
. Time Stamp References:
0:00 – Introduction
0:35 - The Sound Money Act
2:23 - Metals Taxation
3:50 - Leading Key States
6:17 - Texas State Depository
7:45 - Debit Card Solution
10:50 - Metals Vs. Dollars
13:32 - Fiscal Accountability
15:25 - Role & Legislatures
19:16 - Louisiana Keynote
20:34 - Federal Confiscation?
23:50 - Watchman Action
25:37 - Grassroots Resources
30:07 - Wrap Up
Talking Points From This Episode
- The Sound Money Act aims to allow states to mint their own gold and silver currency, reducing dependence on federal fiat money.
- The precious metal-backed system can enhance transparency, accountability, and personal financial control while deterring unlawful activities
. - Adoption of gold and silver currency by multiple states could potentially drive discussions and address the debt issue.