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Originally posted by followtheevidence
Do you have any sources on this story that aren't from YouTube? I don't doubt that it's legit, but you can never be too careful. Thanks!
Representative Phil Hart has been serving in the Idaho Legislature since 2004. He is currently in his fourth term, serving on the Judiciary Rules Committee and the Transportation and Defense Committee.
Kenneth (Ken) R. Ivory, Esq., represents Utah's 47th District in the State House of Representatives. He has been described as "a bright mind and articulate communicator who benefits from an enormous catalog of knowledge ... amassed from his life experience."
Curtis ("Curt") S. Bramble was elected to the Utah State Senate in November 2000. He currently serves as chair of the Interim Joint Tax & Revenue Committee which is tasked by the recently passed Utah Legal Tender Act to: (1) study the possibility of establishing an alternative form of legal tender for the payment of debts, public charges, taxes, and dues within the state; (2) recommend whether legislation should be drafted to establish an alternative form of legal tender; and (3) prepare any monetary reform legislation for consideration by the Legislature during the 2012 General Session.
Dr. Olivier Ledoit obtained a Bachelor’s Degree in Engineering from Ecole Polytechnique in Paris, France in 1990, a Master’s Degree in Economics and Statistics from ENSAE (Ecole Nationale de la Statistique et de l’Administration Economique) in Paris in 1992, and a PhD in Finance from MIT (Massachusetts Institute of Technology) in Cambridge, Massachusetts in 1995.
From 1995 to 1998 he was a Finance Professor at UCLA’s Anderson School of Management. He then moved from academia to industry and joined Credit Suisse First Boston, becoming Managing Director and Head of Global Statistical Arbitrage in the Equity Proprietary Trading Division, based in London (Great Britain). He took early retirement from CSFB in March 2008 to become Permanent Research Fellow in the Economics Department of the University of Zurich. Dr. Ledoit still serves on the Systematic Trading Advisory Board of Credit Suisse Asset Management.
Section 4. Section 59-1-1504 is enacted to read:
61 59-1-1504. Revenue and Taxation Interim Committee study.
62 The Revenue and Taxation Interim Committee shall during the 2011 interim:
63 (1) study the possibility of establishing an alternative form of legal tender for the
64 payment of debts, public charges, taxes, and dues within the state;
65 (2) recommend whether legislation should be drafted to establish an alternative form of
66 legal tender; and
67 (3) prepare any legislation that the Revenue and Taxation Interim Committee
68 recommends in accordance with Subsection (2) for consideration by the Legislature during the 69 2012 General Session.
Though I do advocate a break from the Fed the only way is at an Government level, ie the Us government printing its own money, like Kennedy & Lincoln wanted to do, and mysteriously died ahem.
To clarify, this bill does NOT establish alternative currency, but rather establishes a premise under which an alternate currency can be studied and perhaps implemented in the future.
This is progressive legislation that will help keep my state's head above water when, inevitably, the manure hits the spinning wind-mover.
The original bill was passed last month, I believe. I haven't heard a peep about it in the local news or papers.
There are people out there who need to stop thinking that individual states will collapse without the financial aid of the federal government. Think about it.