Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Thursday, February 07, 2013

Virginia Advances Bill Pushing For state To Establish Its Own Currency

Virginia is one step closer to breaking ties with the country's monetary system.

A proposal to study whether the state should adopt its own currency is gaining traction in the state legislature from a number of lawmakers as well as conservative economists. The state House voted 65-32 earlier this week to approve the measure, and it will now go to the Senate.

While it’s unlikely that Virginia will be printing its own money any time soon, the move sheds light on the growing distrust surrounding the nation’s central bank. Four other states are considering similar proposals. In 2011, Utah passed a law that recognizes gold and silver coins issued by the federal government as tender and requires a study on adopting other forms of legal currency.

 More

11 comments:

Anonymous said...

Not sure what good this will do. Article I, Sec. 8 of the Constitution gives Congress the power to regulate American money, and because of the Supremacy Clause, any state's attempt to do so would probably be struck down as unconstitutional.

Anonymous said...

U.S. currency is nearing the equivalence of Monopoly money.

Anonymous said...

Stupidest idea I've ever heard at 7:33 on a Thursday.Get a grip.

Anonymous said...

Nothing New. People been printing their own money for years.

Anonymous said...

Not a bad idea. The most Class III registered weapons are in Virginia. Might as well look for the next currency since the current one is headed to a collapse.

Anonymous said...

The united states government says its illegal and is an act of terrorism

Anonymous said...

Stupidest idea I've ever heard at 7:33 on a Thursday.Get a grip.

February 7, 2013 at 7:33 PM

Funny, that's the same thing I thought when I read your post.

The united states government says its illegal and is an act of terrorism

February 7, 2013 at 10:12 PM

Va. is not the only state looking into issuing their own currency.

And since when has anyone regarded the U.S. gov't as being experts on illegal activities or terrorism?

I mean besides from their expertise in actually DOING same.

Anonymous said...

This is just a part in succeeding... though that is considered illegal as well...

Anonymous said...

There is a town in Ohio that issues its own money because there is no money to be made there so they had to do something.

Anonymous said...

9:45,sounds like most towns on the shore.

Anonymous said...

9:45,sounds like most towns on the shore.

February 8, 2013 at 1:53 PM

Feel free to leave at any time. Sooner rather than later.