Politico reports that Montana State Representative Jerry O’Neil has officially requested that the Montana State Legislature pay his salary in gold coins as he believes it likely that ‘the bottom will fall out from under the U.S. dollar‘.
But Chairman Bernanke informed us via Ron Paul’s famous inquiry that gold is not money at all, merely tradition!
As Politico reports:
O’Neil states he is requesting payment in gold coins to honor his duty to uphold the US Constitution:
A Montana state lawmaker is asking that he be paid in gold coins because of his lack of faith in the U.S. dollar amid a rising deficit.
Jerry O’Neil, a Republican just reelected in his northern Montana district, says his constituents told him he was not honoring his duty to uphold the U.S. Constitution, which O’Neil and Gold Standard supporters say requires the government to print money backed by gold.
The Montana lawmaker apparently reads ZH and SD:
he wrote a letter to the state Legislature asking to be paid his public salary in gold and stating: “It is very likely the bottom will fall out from under the U.S. dollar. Only so many dollars can be printed before they have no value.”
And so the demand by public workers to be paid in real money begins. How much longer until Representative O’Neil is proven correct, and the bottom falls out of the dollar and fiat Federal Reserve notes resemble their Weimar counterparts in value?