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..........."The idea that Virginia should consider issuing its own money was dismissed as just another quixotic quest by one of the most conservative members of the state legislature when Marshall introduced it three years ago. But it has since gained traction not only in Virginia, but also in states across the country as Americans have grown increasingly suspicious of the institutions entrusted with safeguarding the economy.
What has changed is faith in the federal government, not just in Virginia but in a growing number of places. The lack of faith in the competence of government — and the soundness of the dollar — has been growing leading some states to create contingency plans in case the currency goes bust.
So far, only Utah has approved a law recognizing nontraditional currency. Four other states have bills pending this year. Marshall said he is unsure of his proposal’s prospects in the Virginia Senate. One Democrat derided it as a descent into “la-la land.”
But the fact that the debate is happening at all reflects a deep-seated distrust in the very foundation of the country’s economic system — the dollar.".................
Didn't the Feds create a law that banned private or state currencies? Banknotes? At one time our currency was issued by actual banks, hence the name, leave your gold or silver at the bank, and you would be issued paper notes to carry around, a lot more convienent.
Thomas Sowell: There are no solutions, just trade-offs.
The dollar is backed by the faith of the people in the government to be responsible with it's value and not waste it on pandering, pork and prostitutes.
The government is failing to live up to that responsibility. Maybe it is time for us to place more faith in state governments and let the federal government flap in the breeze a bit.
"Whatever you are, be a good one." ~ Abraham Lincoln
I don't know if a state paper currency makes any sense, I wouldn't trust it any more than federal dollars.
But like Utah has done, I like the idea of allowing transactions in gold. Not sure if any other states do that, but I saw a guy on Alaska Wild TV show buy a gun in a store with gold pan flakes LOL. Only about 1/2 ounce.
Lately there have been lots of hacker attacks on the banks and even the FED. Good idea to keep some cash or gold coins on hand for emergencies.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
