Do you think it's time for States to issue their own currency ?
13 States Considering Alternative Currencies
February 4, 2012
A growing number of states are seeking shiny new currencies made of
silver and gold. Worried that the Federal Reserve and the U.S. dollar
are on the brink of collapse, lawmakers from 13 states, including
Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking
approval from their state governments to either issue their own
alternative currency or explore it as an option. Just three years ago,
only three states had similar proposals in place.
The Constitution bans states from printing their own paper money or
issuing their own currency. But it allows the states to make “gold and
silver Coin a Tender in Payment of Debts.” To the state legislators who
are proposing state-issued currencies, that means gold and silver are
fair game, said Edwin Vieira, an alternative currency proponent and
attorney specializing in Constitutional law.
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