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State Rep. Jerry O’Neil, (R-Mont.), on why he wants the state legislature to pay him in gold coins.
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All right speaking of having no confidence in solving our financial problems that we now I have.
No confidence in solving our financial -- after that conversation one Republican state representative from Montana have lost so much -- And the US dollar thanks to the deficit that he's asked the state legislature to pay his salary.
In gold representative Jerry O'Neill joins me now by phone in a Fox Business exclusive exit points for joining us -- last conversation by the -- Yes -- -- most of it yeah.
-- no -- that it I mean that's this is sort of this is the stalemate I mean this is the position that brand everybody thinks a big contributed.
And they and they don't want adding -- I feel like we're gonna go flying off this -- I think clears but only got two choices blonde.
Is a federal government has been -- tighten their belt and pay down the debt.
Or two they're gonna continue.
And the debt like they're doing our gonna go bankrupt.
If -- becomes tighten their belt he paid on the never going to be hungry.
Release shall -- freedom on our kids that to continue on like bowel I don't know mechanic who's gonna take over government in the next ten years now.
I just don't understand that yeah if this were my household that I was staring down the barrel of this problem I would say listen guys we got to spend less money.
I mean it does it anyway this is not what I'm supposed to be talking you about a supposed to be asking you about why you wanted to be paid.
In gold why are you losing faith in the dollar.
Well that's absolutely you want to put it bitter talk about -- wanna be paid in gold because the we continue expanding all this money that we don't have and we continue printing money to pay for it.
And or someday somebody elucidate -- money's going to be worth but spread as a way it is money is devaluing period Baptist.
The end about two year 2000.
About a role Bob -- American vehicles that -- -- of 600 dollars or.
In 2006.
I ran for the justice of the peace -- county in northwest Montana.
I needed some money -- old sold that rule ability American Eagles they're gold American vehicles but sold -- 6000 dollar.
Real they inflated 2400 dollars.
And not six years if I had that -- that American gold Eagles now -- -- be -- about 181000 dollars.
Yeah yeah -- -- it definitely having a lot of people are saying right now especially.
I mean you heard that last gentlemen if you wanna raise the taxes -- on.
Capital gains -- and on investment income and no one's going to invest as well I mean there's no point putting your money in stocks you're right everybody's gonna be hiding in gold.
But what makes you think of the devaluation of the dollar is coming any time soon I hear what you're saying about inflation but at at you know what it's as it is right now.
We're still paying our bills and we're still sort of the best.
Security.
In the world -- -- others are closer to having their currency be worthless but not so people are still willing it to back the dollar what makes you think it's coming to an end anytime soon.
I and I don't know launched so I don't have a lots -- -- -- waiting for the second coming oppression to.
Man.
Is -- gonna come tomorrow -- they're gonna come in our lifetimes I don't know.
But it seems to me well served that the value when my on my a -- gold American vehicles.
-- that went up from 3600 dollars -- eighteen dollars and that was actually the dollar devalue -- The result dollar is devaluing it -- -- -- much between.
2000.
2012.
And twelve Beers it went from 3600 dollars to.
It went to well basically -- it went down not much.
And -- is strongest congress.
The government spends as much money is they're spending there's no way or another the value of the dollar going down.
-- Terry O'Neill thank you so much for joining us interesting perspective.
But it thank you proud -- -- so here.
