Oct 07 2009
Local Business Man Convicted on His Convictions
This story is almost two months old, but definitely worth a read, especially for those of us who think that the shift away from gold and silver based currencies is a factor in the current economic situation.
The man was convicted of several (57) tax and real estate fraud related charges. The main “fraud” he orchestrated was paying his and his clients’ wages in gold and silver coins, and reported them at their face value, not at their market value.
Why, exactly, do we print values on gold and silver coins if we cannot use those values, even with the government that mints the coins?
Better yet, especially if we are going to print dollar values on gold and silver, is our currency’s value in no way tied to those commodities? Thank you Mr. Kahre for bringing this issue to light.
