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money only when businesses agree to take them."Businesses are not clamoring
for this, to say the least," Farley said. "This is basically growing
the size and scope of government to create an entirely new currency
system."Farley noted that the price of gold saw a significant drop in
early April, its biggest one-day plunge since 1983. He said allowing gold
and silver as legal payment at grocery stores and other businesses would
prove too unpredictable."Anybody who thinks gold or silver is a safe place
to put your money had better think again," he said.The Senate had
previously passed Senate Bill 1439, but it was sent back for final
approval after the House amendment passed.Utah became the first state to
allow gold or silver payments in 2011. Lawmakers in Minnesota, North Carolina,
Idaho, South Carolina, Colorado and other states have debated copycat laws
in recent years. The Maine Senate and House recently rejected a similar
measure.Gold-backed money fell out of favor during World War I because the
U.S. and many other countries needed to print more cash to pay
for the war. President Richard Nixon formally abandoned the gold standard
in 1971.
in first place. State media reported that Berdymukhamedov
won the race.The horse also fell, but quickly got up, showing a
slight limp. Berdymukhamedov, however, lay motionless. Within seconds, several
dozen men in dark suits and one in traditional garb including a
high white sheepskin hat rushed onto the track, and an ambulance soon
arrived.The man who shot the video spoke on condition of anonymity for
fear that divulging his name could have negative repercussions on his livelihood.
He said the president reappeared about half an hour later to accept
the winner's prize about $11 million.State TV showed the president
accepting the award, which he said would be used to improve Turkmenistan's
horse breeding.The choreographed winning of the race the nearest
challenger was obviously throttling back his mount in the home stretch
the media censorship and the reported tough security response at
the airport all reflect Turkmenistan's two decades of stifling authoritarianism.Since
becoming independent in the 1991 collapse of the Soviet Union, Turkmenistan
has been an extreme example of a one-party state.Its first leader, Saparmurat
Niyazov, developed a pervasive personality cult that included renaming months
of the year after his family members. He also mandated that all
schoolchildren study his rambling spiritual guide and once claimed that
reading it three times would guarantee the reader a berth in heaven.Some
of his measures verged on
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