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Posted: Monday, November 12, 2012 9:30 pm | Updated: 12:37 pm, Thu Apr 17, 2014.

State Rep. Jerry O’Neil, R-Columbia Falls, is spooked enough about the country’s fiscal picture to request that his legislative pay come in the form of gold and silver coins.

In a letter sent to Montana Legislative Services this week, O’Neil cites Article 1, Section 10 of the U.S. Constitution, which states in part that no state shall “make anything but gold and silver coin a tender in payment of debts.”

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          Welcome to the discussion.

          30 comments:

          • brokenbutcher posted at 2:10 pm on Fri, Feb 1, 2013.

            brokenbutcher Posts: 140

            If and when the economy collapses and the country goes berserk, if you cant eat it or drink it, it wont be worth a damn.

             
          • montananurse posted at 10:40 pm on Thu, Nov 15, 2012.

            montananurse Posts: 48

            Perhaps Mr. O'Neil isn't getting paid at all. No compensation for service. Isn't that the Republican way in Montana?

             
          • Beardog321 posted at 6:56 pm on Thu, Nov 15, 2012.

            Beardog321 Posts: 1

            Fears that the U.S. dollar is caught in a spiral of disastrous inflation are common among the tea party fringe, as are similar claims that the way to defend against such inflation is to horde gold and silver. Indeed, these misguided fears are widespread enough that scam gold dealers, such as Goldline, allegedly take advantage of them by selling overpriced gold to tea partiers and others gripped by false fears of inflation. In reality, inflation is currently both very low and quite stable — and it is well below the rate of inflation under most of President Reagan’s two terms.

            Additionally, O’Neil’s reading of America’s founding document is constitutional gobbledygook. The Constitution does indeed provide that “No state shall . . . coin money; emit bills of credit [or] make anything but gold and silver coin a tender in payment of debts,” a provision intended to prevent the states from printing their own paper currencies, but the key words in this constitutional provision are “no state shall.” Nothing prevents the federal government from printing currency which, as anyone who has ever read the front of a dollar bill knows, is “legal tender for all debts, public and private.” That includes the salaries Montana pays its lawmakers.

             
          • Youtuber connectingdots2 posted at 9:41 am on Thu, Nov 15, 2012.

            Youtuber connectingdots2 Posts: 1

            Well I can tell by the comments several folks haven't looked at a Gold chart in many years and probably neither the silver chart so trying to figure out why a person would want hard assets versus paper is probably confusing.
            However simple Math puts it all into perspective, in the 60's a Gallon of Gas would sell for $0.25 cents/Gal. and most paid using silver coins as all money was still rel money back then.
            Well if you still had that silver $0.25 cents you could sell it to a coin shop for it's silver content(Hard assets) and you'd get enough money to be able to still buy that same Gallon of gas..for $0.25 cents.
            The above example I use with all stubborn Baby-boomers who like to think they know better in regards to money.

            And if still don't get this example then I strongly suggest you google:"{Kitco gold chart" and have a look at what's happen to the price of Gold in the last 10 years, if you still don't get it by then , chances are you'll never understand what really money is up until the price of Gold reaches $5000/ounce...and yes that price is coming also, it's just a mater of time before the entire World wakes up to REAL money.

            Finally, if you're gonna Buy, then God sakes don't get hung up on what pictures are the coins!!!

            Man I'm so sick of people who judge an investment by it's cover without really knowing what;s under the hood.

            I strongly suggest buying Silver Canadian Maple Leaf coins, they are 10 TIMES MORE PURE than ANY other Gov Minted coins!...and BEST of all THEY are cheaper!

            AND...if you really want to stay Healthy then you'll want to use those coins to make Colloidal silver immune Boosting solution using ONLY the Maple Leaf coins as they are.9999 pure silver.

            Take care folks and buy now, Obama on Canadian TV last night admitted that the USA is headed for possibly another recession BEFORE the New Year.
            It's what I've been saying since 2008, the World is falling into a Big Depression and all paper money will loose it's purchasing power as this happens.

            LOAD UP ON SILVER NOW is my advice but what would I know, after all I only predicted the exact Date of Sept. 08 stock market crash 6 months earlier.

            Peace & Prosperity
            CD

             
          • silverguy posted at 8:52 am on Thu, Nov 15, 2012.

            silverguy Posts: 1

            I created a simple guide to investing in silver. I'd appreciate any feedback on how to make it better. The link is below. Thanks!

            http://www.squidoo.com/the-silver-lining-a-guide-to-investing-in-silver

             
          • ThomasPaine posted at 6:03 pm on Wed, Nov 14, 2012.

            ThomasPaine Posts: 3

            Great idea. Just wait until China or India start dumping gold on the open market and prices drop back to $250 an ounce. True genious.

             
          • MrLaffs posted at 9:21 am on Wed, Nov 14, 2012.

            MrLaffs Posts: 158

            Rep. O'Niels" point is moot. He wants gold or silver but they are just another form of "money". Who's to say that a shiny bit of metal is worth more than a peice of paper? In the end, we will place a much higher value on ammunition than anything else....

             
          • mom posted at 6:21 am on Wed, Nov 14, 2012.

            mom Posts: 628

            Read it again. He's just making a point. He even asked the same question you did, Jim.

             
          • MontanaJim72 posted at 12:15 am on Wed, Nov 14, 2012.

            MontanaJim72 Posts: 223

            Why is it that the state has to pay him in gold and silver? Can't they just pay him a regular paycheck, he can cash it, then go to a coin store and exchange it for as much gold and silver as he can. Why does the state have to convert it for him, isn't he smart enough to do it on his own? After all, he was smart enough to wait until after the election to bring it up. I'm sure it didn't occur to him suddenly after he was elected. He withheld it on purpose specifically so he wouldn't be branded a fanatic and not be elected. If the legislator from my district had pulled this stunt and I voted for him, I would be royally pissed.

             
          • DJJackson posted at 10:36 pm on Tue, Nov 13, 2012.

            DJJackson Posts: 697

            Think about it folks..................How much is that paper in your pocket worth?

             
          • farmer posted at 8:04 pm on Tue, Nov 13, 2012.

            farmer Posts: 26

            At first I thought I was reading a fear mongering article from The Onion…

             
          • donho posted at 5:22 pm on Tue, Nov 13, 2012.

            donho Posts: 186

            moosedroppings, or moose dingleberries, why do you not answer to the questions of your mental stability or lack of it? You never answer the challenges of normal people, just keep rating and raving like a complete fool that you continue to prove each time you rant and rave about how stupid you prove to really be! Have you no pride or enough dignity to defend your stupidity?

             
          • DJJackson posted at 4:40 pm on Tue, Nov 13, 2012.

            DJJackson Posts: 697

            Figures,

            That everybody would think this guy is nuts, myself I don't blame him.

             
          • Ed60 posted at 2:10 pm on Tue, Nov 13, 2012.

            Ed60 Posts: 1

            So what is fanatical about asking to be paid in gold or silver? The two have been "money" for centuries, unlike the FRN's in your wallet. What backs those FRN's, do you know? Full Faith and Credit of the US Government! They are not backed by gold or property or anything else, just faith and credit of a government that is at minimum 16+ Trillion FRN's in debt! Add the GSE's (Fannie and Freddie) debt and we're well north of 20 Trillion in government debt.

            50 years ago, a quarter (90% silver, btw) would have almost bought a gallon of gas. Today, that same quarter (clad now) will not even get the pump turned on. However that 1962 quarter is now valued at $5.86 in FRN's, which is almost TWO gallons of gas. So in 50 years, the value of the silver has doubled in what it will purchase, while the value of the FRN has fallen to less than 9% of what it was 50 years ago.

            Call it what you will, but seems pretty plain to me.

             
          • Officer1 posted at 1:29 pm on Tue, Nov 13, 2012.

            Officer1 Posts: 9

            "Didn't want to be branded a fanatic"???? Then he better invent a time machine and go back 30 years.

             
          • mooseberryinn posted at 11:34 am on Tue, Nov 13, 2012.

            mooseberryinn Posts: 2587

            Blue - good idea! then maybe they would do only half as much damage. hmm, maybe not, 'cause then we'd have Comrade/King Obama issuing 'exec orders" whenever he felt like it. Oh wait - he does that now. never mind.

             
          • blue_bullet posted at 10:16 am on Tue, Nov 13, 2012.

            blue_bullet Posts: 22

            If we paid for performance, this issue would be diminished. Others have suggested we begin with the US Congress. Let them convene every other year and get paid for performance.

             
          • mooseberryinn posted at 10:00 am on Tue, Nov 13, 2012.

            mooseberryinn Posts: 2587

            3 things - The other candidate was a democrat and therefor untrustworthy. Paper currency is rapidly becoming worthless thanks to Comrade Obama's failure to slow gov't spending, and printing a lot more worthless currency. 3rd - Donho - Under the Comrade Obama regime, America is now a loser. Apparently you just haven't realized it yet. (but you will)

             
          • james posted at 9:49 am on Tue, Nov 13, 2012.

            james Posts: 516

            you mean the worthless money the politicos have shoved down our throats for decades is not good enough for them now?

             
          • retiree posted at 9:41 am on Tue, Nov 13, 2012.

            retiree Posts: 63

            WELLLLLL. If you are from Montana, Kalispell in particular, and have paid attention over the past 20 years or so, then you would understand and know of the path Mr. O"Neil has traveled and his many idiosyncrities. (I may have spelled that wrong, sorry) Too have elected this psycho Montanan to this position is perhaps one of the biggest mistakes the populas has made, other than the other losers we currently allow to lead us. We are setting the bar fairly high for other states to compete for the stupidity awards.

             
          • donho posted at 9:21 am on Tue, Nov 13, 2012.

            donho Posts: 186

            moosedroppings! If you ever at any time or issue, express even a possible coherent, or level of an intellectual response to any issue, then it would not be worth reading these comment pages, as you do provide first, bewilderment that someone could possibly be roaming freely about the community and society other than in the USA, and then the laughter and hilarity from further reading of them, knowing how fortunate in our great country that the citizens vote, relegating the losers and incompetents to the level of society that you occupy!

             
          • averagejoe posted at 9:16 am on Tue, Nov 13, 2012.

            averagejoe Posts: 253

            He needs to be paid in iron pyrite.

             
          • Red Green posted at 8:56 am on Tue, Nov 13, 2012.

            Red Green Posts: 207

            Really??? This is the kind of minds we have representing us? No wonder we're the drunk driving capital of the U.S. Roast this guy, put him in a can and place him on the grocery shelves next to the Cashews.

             
          • Been there done that posted at 7:53 am on Tue, Nov 13, 2012.

            Been there done that Posts: 101

            Regarding certain bills from our last wild legislative session.....I believe they were "branded" as "Bat-Crap Crazy" by our govenor. Hopefully we are not in for the same ride this session.

            Symbolically, O'Neil brings up an important point......as a country we owe tooooooo much money. As a country we will (eventually) hit the "fiscal cliff" regardless......so maybe we all need to be paid in gold and silver (ok, silver for me, I don't make the gold standard cut).

             
          • cordwood posted at 7:29 am on Tue, Nov 13, 2012.

            cordwood Posts: 96

            Somebody needs to buy this bozo a calendar. It's 2012 Jerry, not 1812. This is the same guy who thought he could use his cereal-box diploma to practice law in MT. The Repub's have elected another winner!!!! .

             
          • moderate posted at 6:31 am on Tue, Nov 13, 2012.

            moderate Posts: 2

            Jerry,
            Please no more stunts like using gold and silver as replacement currency, cowboy code,or Tea Party
            ideas . Don't waste our time and money and reenact last years legislative s session failures.How is that free health insurance?

             
          • campo posted at 6:11 am on Tue, Nov 13, 2012.

            campo Posts: 136

            Oh Jim, you are right. 34 wildlife bills from Republicans bought and paid for by the wildlife-hating livestock industry in the last session. Just wait until this time. Sportsmen better get used to the term "Ranching for Wildlife".

             
          • Pequot posted at 6:08 am on Tue, Nov 13, 2012.

            Pequot Posts: 525

            O'Neil's latest whacky pronouncement does nothing to embelish his well-established reputation as a "fanatic".
            He has already peaked out in that regard.

             
          • mooseberryinn posted at 6:08 am on Tue, Nov 13, 2012.

            mooseberryinn Posts: 2587

            Comrade/King Obama and his demo-team are doing the best they can to destroy the U.S. dollar, drive energy prices as high as possible, limit energy supply, crush employment via obama/demo-care, and here's "MontanaJim72" in obvious oblivion, talkning about Repulican looney tunes. Ya just gotta love it. Kinda like complaining dinner is late while the house burns down. Maybe the "72" indicates IQ?

             
          • MontanaJim72 posted at 12:19 am on Tue, Nov 13, 2012.

            MontanaJim72 Posts: 223

            Notice he waited till the election was over before he brought this up. Sounds like the beginning of another Republican looney tune legislature. It will be interesting to see just how many days of the legislature will be wasted this time dealing with crazy bills from the far right tea party members.

             

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