URGENT: The 2024 legislative session has begun, and the North Carolina General Assembly has an opportunity to enact sound-money bill H721. On June 28, 2023, the North Carolina House of Representatives passed sound-money bill H721 by a 73-40 vote. The bill is now pending in the state Senate — and it’s imperative that the Senate pass this important bill. Contact your state senator and urge him or her to support and enact H721, and to take decisive action to restore constitutional money.
Members of the North Carolina General Assembly are seeking to enact legislation helping restore sound money and enforce the U.S. Constitution’s monetary provisions.
House Bill 721 (H721) is sponsored by Representative Mark Brody (R-Monroe) and 12 other representatives. If enacted, it would conduct a study on the creation of a state bullion depository, which would store precious metals — both held by the state and by private citizens. This is a first step toward actually creating a depository.
H721 is a good first step toward enforcing the Constitution’s monetary provisions. Article I, Section 10, of the U.S. Constitution plainly states that “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” It’s long overdue that states begin to enforce this provision once again.
Additionally, this bill is an important step toward nullifying the unconstitutional Federal Reserve, which has a monopoly on money, and also reducing North Carolina’s financial dependence on the federal government. Creating a bullion depository will also help North Carolina avoid the federal government’s planned “Central Bank Digital Currencies,” which severely threaten privacy and individual freedom.
Article VI of the U.S. Constitution obligates state officials to uphold the Constitution and nullify all laws not “made in Pursuance” of it. Officials at all levels of government must push back against the federal government’s many unconstitutional laws and agencies, and robustly enforce the Constitution and only those laws “made in Pursuance thereof.”
Urge your state senator to support H721 and to fully restore sound money in North Carolina.
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