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Says the Fed prints more money one state says no mosque Arizona State lawmakers have passed a bill making golden -- legal tender.
Apparently an Arab -- -- our monetary system if governor Jan Brewer signs the bill.
Arizona will become the second state in the nation to do this after you -- in 2011.
So how exactly is this gonna work joining me now is fox business's Peter bonds.
I mean let's -- the legality of it is it is it legal how does that work.
It's -- legal and you saw but it's legal because it's voluntary Melissa and it does not require retailers or anybody buys -- -- something.
To take gold or silver but it leaves the choice to them if they want to do it.
And you talk.
So how -- work.
Well -- -- if you in theory.
He wanted to take some your gold coins and go to a retailer who was willing to accept them and they are golden like 15100 bucks announcement.
You wanna try and do a deal you can do that but there are some folks in Utah who actually hope that the state will begin to make.
I'll make gold and silver coins right now though was supporters of -- say it's largely symbolic.
To make a statement about Washington and the Fed there -- these supporters are concerned about the devaluation of of the dollar.
No I mean it's really interesting because if you look at -- ever quite having them.
My kids got some from their grandmother and I was trying to figure out because it says one dollar -- what is it really worth I mean you're trying to figure out -- week.
In -- it's hard to make that.
You know to come from -- number on it on -- is seems like it would be a real challenge is -- happening on the federal level.
Yeah you know just as we have the tides that -- my head and every day in Washington pretty much every year someone introduces legislation.
Two -- return -- to the gold standard or to.
Make gold and silver a legal currency again on the first day of the current congress congressman Paul Brown of Georgia introduced legislation to -- just that and -- cameras thanks so much.
You -- so.
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