Article 1, Section 10, The U.S. Constitution:
"No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility."
Do You Think States Should Be Allowed to Mint Their Own Currency?
ABC News U.S.
2013/02/07 21:00:00
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Will Virginia start minting its own currency? It’s an idea worth considering, according to the state’s House of Delegates.
The lower chamber passed a bill Monday to study the possibility. The legislation, proposed by Manassas Republican Del. Robert Marshall, would create a new joint subcommittee made up of lawmakers, plus two outside experts, to “study the feasibility of a metallic-based monetary unit.”
The committee could spend up to $17,440 and would present its recommendations before the legislative session starts in 2014. Translation: Ten people would advise Virginia on whether to start making its own currency on a gold or silver standard.
The lower chamber passed a bill Monday to study the possibility. The legislation, proposed by Manassas Republican Del. Robert Marshall, would create a new joint subcommittee made up of lawmakers, plus two outside experts, to “study the feasibility of a metallic-based monetary unit.”
The committee could spend up to $17,440 and would present its recommendations before the legislative session starts in 2014. Translation: Ten people would advise Virginia on whether to start making its own currency on a gold or silver standard.
Read More: http://abcnews.go.com/blogs/politics/2013/02/virgi...
Top Opinion
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Transquesta 2013/02/07 21:30:32
Anyway, things are definitely worse under Obama, but in truth our healthcare system was already screwed up, which is what led us to our current crossroads. After all, it's been a long time since insurance was used for catastrophes and ordinary care was paid out of pocket...
Ever since mandated HMO's in the Nixon era, healthcare costs have been skyrocketing in a manner totally inconsistent with actual demand and quality of care, and it has much to do with the government squeezing a middle-man into almost every transaction. We've gotten to the point where insurance is a near-necessity not only for catastrophic illnesses and injuries (the original intent) but even regular ailments. The political right has totally ignored this ("not our problem"), and instead of focusing on the real problem ("Why are costs so high?"), the political left has chosen to focus on, "Individuals can't afford these obscene medical costs, so how do we force someone else to pay for them?"
Aside from expensive premiums, the existing system was decent enough for people who could get insurance through their jobs, but the perverse ties between employment and insurance helped create a system where you almost need to ...
Anyway, things are definitely worse under Obama, but in truth our healthcare system was already screwed up, which is what led us to our current crossroads. After all, it's been a long time since insurance was used for catastrophes and ordinary care was paid out of pocket...
Ever since mandated HMO's in the Nixon era, healthcare costs have been skyrocketing in a manner totally inconsistent with actual demand and quality of care, and it has much to do with the government squeezing a middle-man into almost every transaction. We've gotten to the point where insurance is a near-necessity not only for catastrophic illnesses and injuries (the original intent) but even regular ailments. The political right has totally ignored this ("not our problem"), and instead of focusing on the real problem ("Why are costs so high?"), the political left has chosen to focus on, "Individuals can't afford these obscene medical costs, so how do we force someone else to pay for them?"
Aside from expensive premiums, the existing system was decent enough for people who could get insurance through their jobs, but the perverse ties between employment and insurance helped create a system where you almost need to be employed to be insured...when serious health problems often end and preclude employment. Employers have given insurers such a huge base of customers that they don't need to deal with pesky individuals with preexisting conditions. This is quite peculiar: You'd think that in a free market, literally anyone should be insurable for the right price. Sure, preexisting conditions (known risks) wouldn't be covered, but everything else would...yet things actually work quite differently. To me, the complete inability of some people (called "uninsurable") to obtain health insurance is just another huge indicator of regulatory meddling breaking important parts of the market system.
Unfortunately, all of this went ignored by complacent conservatives for so long that it led to a reactionary push toward greater corporatism (Obamacare) as a stepping stone to single-payer socialism. Now that a 1000-page healthcare law has been passed, we're in some pretty big trouble: Obamacare expands upon the problems that made healthcare so expensive in the first place, so we'd have to repeal it before we could fix the real problems in earnest...and yet the old system was in such disrepair that convincing enough people to repeal it is a terrible uphill battle. Ultimately, I expect the currency to collapse first, which brings us back to the topic of this thread. ;)
It isn't replacing the dollar unless it has a total collapse.
In other words, the dollar will cease to exist regardless of how much it is insured by the dollar is not backed by anything tangible just the faith of the government that is it, nothing else. You want have to worry about taxes there will be nothing to tax as the value is worthless like a confederate bill, worthless. There will be nothing in circulation in the event of a total collapse, nothing.
The Virginia plan is to have a backup to the dollar in case of a total economic collapse of the dollar.
It isn't replacing the dollar unless it has a total collapse.
With the Obama debt of 16 trillion and soon to be 20, it's not a question of "if" but of "when" the dollar goes toes up. I think more states need to get on this bandwagon.
Article 1, Section 10, The U.S. Constitution:
"No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility."
you can see from the chart how silver fell sharply from an artificial high in '87. http://store.cpmgroup.com/ Gold also is way over valued and is directly tied to the lack of production. If gold is suddenly flooded into the market then all people who are buying gold now will be bust.
It is bad enough the federal government is out of control printing money, the last thing we need is all 50 States printing money like maniacs.
Only a Liberal would come up with something so asinine, print your way into a welfare state.
Fortunately it would be unconstitutional, States can only use gold and silver as their own currency.
It isn't replacing the dollar unless it has a total collapse.
It isn't replacing the dollar unless it has a total collapse.
If we're going to do that we might as well all be individual nations. Sometimes I don't think that's such a bad idea.There are some states I'd rather not be associated with. But as long as we're sticking to this United States thing, we're keeping a federal currency.
http://www.youtube.com/watch?...
...just in time.