Possible New Currencies Being Investigated

Virginia Creates Subcommitte to Study Constitutional Money Alternatives to Fiat Federal Reverve Notes
GoldSilver.com
JANUARY 11,

It seems the idea of alternative gold and silver currencies continues to spread throughout the states.  Today the Commonwealth of Virginia has introduced House Resolution No. 557 following the lead of state legislatures in Georgia, Indiana, Montana, New Hampshire, and South Carolina.

The legislation aims to form a subcommittee to study “the adoption of an alternative currency consisting of gold or silver, or both… make the alternative currency available, and enable it to be used competition with and preference to the Federal Reserve System's currency, to the degree that the need for such use became apparent.”

The decree also cites how ”the United States Congress, the U.S. Department of the Treasury, and the Federal Reserve System have taken and are preparing to take no action to provide the United States with an alternative to the Federal Reserve System's currency, in the likely event that the latter would be destroyed through hyperinflation.”

Legislatures around the country should take note of this resolution’s bold language, “the citizens of the Commonwealth will properly conclude that the members of the General Assembly will be primarily responsible if the Commonwealth is found to be without an alternative currency when the Federal Reserve System's currency collapses in hyperinflation, or some other related economic calamity supervenes.”

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The above article was taken from www.goldsilver.com all rights to the above material is their's. I just wanted to share this thread with you all because I find it to be extremely pertinent.

Thank you,

Donuvan