A Golden Butterfly Flaps Its Wings In Utah

The monetary event of the decade?

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Outside the circle of establishment politicians and beyond the eyes of the mainstream media… In fact, beyond the eyes of most alternative media, a quiet trend is gaining momentum.  Utah’s passage of HB317, a law that establishes gold and silver coin minted by the U.S. government as legal tender, could very well be the butterfly effect in the global monetary order.

Utah’s law was passed with little hoopla.  It raised a few eyebrows, was panned by some as a scheme to confiscate the wealth of Utah’s citizens, and when mentioned by the mainstream media, was ridiculed…  “Are we going to go back to carrying gold and silver coins around?  Yuk, Yuk….”  Such comments demonstrate not only ignorance of the issue, but a disregard of the determination of those behind the honest money movement to see the citizens of this nation protected from the inevitable demise of the U.S. dollar.

Gold and silver bugs pontificate about how gold and silver can protect citizens from the ravages of currency devaluation (Belarus anyone?).  Many of those bugs however, do little other than to sound the alarm.  While raising awareness of the issue is important, if it stops there, precious few Americans will escape the coming dollar devaluation.  Awareness is only half the battle. The other half is a twofold process. 

First, people must become educated on the issue beyond “paper bad, gold good.”  They need to understand why they should get involved in making real progress on escaping the current debt-based monetary system and the generational legacy of slavery it seeks to impose on “we the people.”  John Adams was correct when he said, “All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.”  That ignorance must be overcome.  

Second, there must be a practical way to implement an alternative monetary system that will protect people from the consequences of the coming global shift in reserve currencies. Establishment of a free market alternative monetary system to our current Federal Reserve system by any state would be a monumental event. The result would be nothing short of that state nullifying the Federal Reserve’s monopoly over money creation and monetary policy. Should multiple states follow suit, well, you can let your imagination run with that one.

That is why Utah’s passage of HB317 could very well be the butterfly that changes the course of this nation’s monetary future. It has set in motion a series of events whereby organizations are forming to educate people on the virtues of honest money. These reasons range from personal freedom to economic stability, from constitutional, to moral.  It also has stirred the free market to begin to develop implementation strategies for gold and silver as legal tender.  These strategies combine constitutional specie (gold and silver bullion coins) with technology, enabling citizens and businesses to transact in the “new” legal tender with the same convenience as with our current Federal Reserve Notes.

Utah is not alone in its move toward establising gold and silver coin as legal tender.  South Carolina is hot on its heels.  There is renewed stirring in several other states, including Idaho, Montana, Virginia and others. Will the soft flapping of the golden butterfly’s wings in Utah eventually stir a tempest of monetary revolution? Time will tell. However the process has been set in motion, and there is no stopping it now.

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About Doug Tjaden