Republican Jerry O’Neil has made a bold request to his state Legislature. He has written to the Montana district, where he was just reelected, asking for his public salary to be delivered in the form of gold coins instead of U.S. dollars.
O’Neil’s sentiments are in line with many other gold-standard supporters and fiscally conservative Americans who fear for the future of our U.S. dollar.
Gold investors around the world probably wish they could receive their salaries in gold, but Mr. O’Neil has taken the initiate to actually ask for it. O’Neil asserts that “we’ve gotten a tremendously long way” from upholding the Constitution’s requirement for the government to print money that is truly backed by gold.
With all the shady Fed behavior, lack of audits, and money printing madness, no one’s quite sure how much gold is really inside Fort Knox. It’s not just heresy and conspiracy anymore, it is fact that there’s not nearly enough gold stored to account for all the dollars the Fed is printing as part of multiple quantitative easing measures.
As we recently reported in Wealth Wire, Germany has sent their own demands to Bernanke and the other Fed leaders at the Federal Reserve Bank of New York. There are some high-ranking officials demanding to see their $93 billion (at spot prices) worth of gold.
The Fed has not been transparent regarding this issue, and their inattention to the matter only offers further validation that Germany’s gold is l”ong going and that only promissory notes – official “IOUs” — are sitting in the vault.”
Given these conditions, O’Neil is taking matters into his own hands – or trying to, at least. His own fears echo those of American workers across the county. He said: “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.”
Mr O’Neil agrees with Ron Paul’s financial philosophy and believes our debt crisis – fueled by the overprinting of U.S. dollars not backed by gold – could completely destroy our country.
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