Virginia to Study Using Gold Instead of $$?

I couldn’t believe my eyes when I read an article from from 1/12/2011 that said that the Commonwealth of Virginia introduced a House Resolution (#557) to establish a subcommittee to: “"to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major  breakdown of the Federal Reserve System."

See the full article here.

My shock became greater when I saw that Utah was also examining the use of gold.  An article from The Salt Lake Tribune stated, "…requiring government agencies to accept gold for transactions, and creating a parallel monetary policy for intrastate commerce tied to the price of gold.”

It went on to say that, “Under the legislation that has been drafted, Utah residents could mint their own gold or silver coins, a storehouse would be created to stockpile the precious metal and the Utah Defense Force, an arcane state militia that may be called and armed by the governor, would be responsible for securing the inventories.”  Wow!

Other similar articles:

  • South Carolina lawmaker introduces a bill to replace federal currency
  • Idaho – silver medallions, minted by the state, may be used to jump start their economy, and used instead of the U.S. dollar.


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