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As Federal Reserve Challenges Trump’s Economy, States Push Back With Laws Strangling Fiat Currency

The Ron Paul-approved legislation comes as President Trump has publicly sparred with the Federal Reserve.

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Kansas Gold Silver Federal Reserve

While the Federal Reserve continues manipulating interest rates in what many consider moves designed to strangle President Donald J. Trump’s roaring economy, Kansas and other states are attempting to pass legislation that would strangle fiat currency.

Kansas House Representative Michael Capps introduced legislation HB 2285 forcing the state of Kansas to recognize precious metals, such as gold and silver, as an official currency within the state. This would keep these precious medals from being taxed at the state level, and allow Kansans to bypass the seemingly anti-Trump Federal Reserve by using an alternate currency for economic transactions and stores of wealth to protect their savings from Federal Reserve meddling.

This legislation comes as President Trump has sparred frequently with the Federal Reserve, which has began to raise its historically low interest rates only as the President Trump’s economy begins to soar. In December of last year, President Trump declared that “The only problem our economy has is the Fed,” and said they “don’t understand” the economic issues the nation currently faces.

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Former Texas Representative Ron Paul has endorsed the bill through his organization Campaign for Liberty, telling supporters the legislation will prove vital to dismantling the Federal Reserve’s stranglehold on the American economy.

“The Kansas Legal Tender Act would ensure a smoother transition from the Fed’s fiat currency by allowing a competing currency and legalizing gold and silver as money again,” wrote Paul in an email sent to Campaign for Liberty subscribers, “And precious metals can help protect you against the continued devaluation of Federal Reserve Notes.”

Paul also noted that while the Federal Reserve is able to manipulate the value of the American dollar, or Federal Reserve Notes, the value of precious metals has remained constant.

“In reality, gold and silver are simply excellent stores of wealth, maintaining purchasing power over time,” explained the former congressman, “Unlike the Fed’s currency that loses value over time simply because the Fed can create virtually as much of it as it wants to for free.”

“By recognizing precious metals as legal tender, Kansas legislators will help ensure you are able to survive the next inevitable recession caused by the Federal Reserve.”

Should the bill receive a committee hearing from Kansas Taxation Chairman Steven Johnson, it will then need a favorable vote to continue to the Kansas House floor before proceeding to the Senate.

Big League Economics

President Trump Promises to Protect Healthcare from Illegal Immigration

The President Reiterates His Strong America First Immigration Vision

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Before an audience in Des Moines, Iowa on October 14, 2020, President Donald Trump highlighted his support for curbing illegal immigration.

In this speech, Trump made it a point to link illegal immigration with increased spending on healthcare at the federal and state level.

“[Joe] Biden’s agenda would be a catastrophe for Iowa seniors,” Trump stated in his speech.

Trump added:

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Biden is pledging mass amnesty and federal health care for illegal aliens, decimating Medicare and destroying your Social Security.

We all have a heart. I said all the time, I’d love to take care of everybody all over the world. The problem is our country can’t afford it.

If you started saying, ‘We’re going to give free education, we’re going to give you Medicare, we’re going to give you health care, we’re going to give you everything,’ our country will be flooded with millions and millions of people that are going to come from all over the world. They will decimate our country,. You can’t do it.

Biden cares more about illegal aliens than he does your senior citizens. It’s true.

In these trying times, Trump has to use his national populist appeal in order to win votes, especially among older voters. Trump has lost his edge with that demographic cohort according to an Axios report that was released in October 6:

Former Vice President Joe Biden has gained a more than 20 point lead over President Trump among voters ages 65 and older, two separate polls — one from CNN and one from NBC News and the Wall Street Journal — found.

Illegal aliens are known to be major beneficiaries of welfare largesse. According to a 2016 study by the National Academies of Science, Engineering and Medicine, mass migration runs state and local governments about $60 billion annually. Additionally, if the current crop of uninsured illegal aliens is allowed to enroll in the Obamacare program, the federal government could potentially be spending $10 billion annually, an estimate that the Center for Immigration Studies put forward back in 2019.

Bringing in more migrants would have healthcare and infrastructure costs balloon to rates that could strain America’s already delicate social services programs.

Neil Munro of Breitbart compared and contrasted Biden and Trump’s immigration platforms to detail the contrasts between the two canddiates respect visions for migration policy:

Trump’s 2020 plan offers broadly popular restrictions on immigration and visa workers.

But Biden’s 2020 plan promises to let companies import more college-trained visa workers, to let mayors import visa workers, to accelerate the multi-million inflow of chain-migration migrants, to end migration enforcement against illegal aliens unless they commit a felony, and to dramatically accelerate the inflow of poor refugees to at least 125,000 per year.

In short, Donald Trump is the America First candidate who stands up for American workers and socio-economic cohesion. In contrast, Biden is the globalist candidate that wants to break down American institutions for the benefit of Big Business and other interests who view the nation state as an antiquated construct.

In 2020, the choice is clear for anyone who believes in institutional stability and prosperity for the American people and their posterity.

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