Sunday, January 16, 2011

Interesting.

Virginia Creates Subcommittee To Study Monetary Alternatives In Case Of Terminal Fed "Breakdown", Considers Gold As Option.

8 comments:

MadDawg308 said...

Boy, I am am glad I live in a free state like this one. At least ours is looking into this. Go Virginia!

Mamaliberty said...

The link doesn't go to the article, Mike, but a log in page. Can't see it.

Anonymous said...

Unfortunately the Constitution reserves the right to coin money to the federal government (Article I Section 8 clause 5) and the ninth and tenth amendments kind of limit that right.

Anonymous said...

Nice to see a fellow Virginian has the balls to introduce this. There is a reason why Virginia is the only state left in the Mid-Atlantic or North East that really scares the statists or that is considered a significant risk of revolting (e.g. like Idaho, Montana, Alaska, Texas, etc). We're also the most gun friendly state in the region and the only one that does not have a state budget [bankruptcy] problem.

Pat H. said...

We're doing the same thing in South Carolina, rmember state Rep. Mike Pitt. I had dinner with him last month to talk about this subject.

Rhodes said...

About damn time...

Defender said...

This is HUGE. A VERY large proportion of the state's economy is military and CIVILIAN jobs related to military bases. The Pentagon -- whose workforce exceeds the population of some CITIES -- and Norfolk Naval Base, the world's largest, are here.
For these men and women with individual federal umbilical cords to talk openly about this is significant. Fed-heads casting a no-confidence vote. Whoa.
Would the federal government accept paying its employees in a currency it did not pwn?
You know "pwn," right? It's when an experienced player dominates a newbie in a multiplayer online game. "Own" mis-typed.

John Robert Mallernee, KB3KWS, in Vernal, Utah said...

Mr. Vanderboegh:

Thank you for posting this.

I've now embedded it on my own web site, so others may become aware of it, and I'm giving you proper credit.

John Robert Mallernee
Armed Forces Retirement Home
Gulfport, Mississippi 39507