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[Leslie <cayadopi AT yahoo.com>]

Ok, James,
 
But it doesn't prohibit transactions in gold... does it?
 
Can't any two people barter anything they want?  Including gold?
 
Is it just saying that the courts will not enforce a breach of contract if 
the contract involved payment in gold?  
 
Although I have to tell you, if I was going to use gold for payment of 
something, I wouldn't hand gold over until the product being purchase was 
transferred, simultenously, like cash in a grocery store.... and I'd get a 
receipt too.  LOL.  That way no need for lawyers and the court....
 
 


--- On Sun, 12/7/08, Clansgian AT wmconnect.com <Clansgian AT wmconnect.com> wrote:

From: Clansgian AT wmconnect.com <Clansgian AT wmconnect.com>
Subject: Re: [Homestead] gold is money
To: homestead AT lists.ibiblio.org
Date: Sunday, December 7, 2008, 8:06 PM


> >It seems that there were changes to the law in 1977 which were upheld 
> which later legalized gold contracts as enforceable.  Therefore gold can
be used 
> as a currency.

No.  This supreme court decision is often cited by goldniks as a striking 
down of the 'gold clause' but it isn't.  The decision in the case
involved 
determined that in that case the gold was being used as a commodity and not 
monetarily and so the voiding of the contract on the basis of the gold clause
did not 
apply.

James
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>From bobford79 AT yahoo.com  Sun Dec  7 20:33:57 2008
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I will use no humor.  This is far too sad.  Another commentary about our 
complete dependence on the 'system'.   I don't ever remember reading anything 
quite like this, before ........................

------------------------------------------------------------------------
SUVs at altar, Detroit church prays for a bailout

DETROIT, Dec 7 (Reuters) - With sport-utility vehicles at the altar and auto 
workers in the pews, one of Detroit's largest churches on Sunday offered up 
prayers for Congress to bail out the struggling auto industry.

"We have never seen as midnight an hour as we face this week," the Rev. 
Charles Ellis told several thousand congregants at a rousing service at 
Detroit's Greater Grace Temple. "This week, lives are hanging above an abyss 
of uncertainty as both houses of Congress decide whether to extend a helping 
hand."

Local car dealerships donated three hybrid SUVs to be displayed during the 
service, one from each of the Big Three. A Ford Escape, Chevy Tahoe from GM 
and a Chrysler Aspen were parked just in front of the choir and behind the 
pulpit.

Ellis said he and other Detroit ministers would pray and fast until Congress 
voted on a bailout for Detroit's embattled automakers. He urged his 
congregation to do the same.

Other Detroit-area religious leaders -- including Christian, Muslim and 
Jewish leaders convened by Cardinal Adam Maida -- have urged Congress to 
approve an auto aid package.

But the service dedicated to saving Motown's signature industry at Greater 
Grace Temple was the highest profile effort to mobilize support yet.

"Everybody can't live on Wall Street. Everybody can't live on Main Street. 
But all of us have lived on the side street, the working class," Ellis said. 
"I call it the working class because everything tells me there is no more 
middle class."

Key Democratic lawmakers and the Bush administration were locked in 
negotiations over the weekend aimed at offering at least $15 billion in 
short-term loans to keep General Motors Corp (GM.N: Quote, Profile, Research, 
Stock Buzz) and Chrysler LLC from immediate bankruptcy.

Automakers and their political allies contend a collapse by the industry 
would cost up to 3 million jobs as suppliers, dealers and companies in 
related industries were hit in turn.

Representing the 150,000 unionized workers at GM, Chrysler and Ford Motor Co 
(F.N: Quote, Profile, Research, Stock Buzz), UAW Vice President General 
Holiefield said the industry had made its case for emergency funding as 
strongly as it could.

"We have done all we can do in this union, so I'm going to turn it over to 
the Lord," Holiefield told the congregation.

Ellis said he started to organize the service last week after hearing from 
auto workers, retirees and their widows who were all fearful of even harder 
times.

At one point, Ellis summoned up hundreds of auto workers and retirees in the 
congregation to come forward toward the vehicles on the altar to be anointed 
with oil.

"It's all about hope. You can't dictate how people will think, how they will 
respond, how they will vote," Ellis said after the service. "But you can look 
to God. We believe he can change the minds and hearts of men and women in 
power, and that's what we tried to do today."

Michelle McDade, 50, who attended the service, said her late father had 
worked at GM for 30 years and her mother was now living on his pension.  
Continued...

"I pray in good times and in bad times, but I pray these days because it's 
something that directly affects our lives. "Politicians forgot autoworkers 
for ages. You can't just forget them. We're also part of the country."

Founded in 1927 when Detroit was an automotive boomtown, Greater Grace Temple 
is one the city's largest and most influential black churches.

The church was the site of the 2005 funeral for civil rights figure Rosa 
Parks. (Editing by Leslie Adler)