South Carolina May Adopt Own Currency

[babylonsister]

South Carolina May Adopt Own Currency
Josh Marshall | February 12, 2011, 1:49PM



Picking up on the ancestral tradition, South Carolinians have spent much of the last two years asserting various forms of independence from the federal government and attempting to block different federal laws. Now a state senator from the Palmetto State has decided it's time for South Carolina to create its own currency.

State Sen. Lee Bright (R-Roebuck) says that federal spending and increased monetary intervention by the Fed have placed the entire US Federal Reserve system on a path to monetary collapse. And when the crash comes, state residents will need to rely on the stable South Carolina currency to weather the storm.

"If folks lose faith in the dollar, we need to have some kind of backup," Bright told Stephen Largen of the Spartanburg Herald-Journal on Friday.

Bright's proposed legislation states that "many widely recognized experts predict the inevitable destruction of the Federal Reserve System's currency through hyperinflation in the foreseeable future; and ...

South Carolina can avoid or at least mitigate many of the economic, social, and political shocks to be expected to arise from hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System only through the timely adoption of an alternative sound currency that the state's government and citizens may employ without delay in the event of the destruction of the Federal Reserve System's currency.

more...

http://www.talkingpointsmemo.com/archives/2011/02/picking_up_on_the_ancestral.php?ref=fpblg

[pinto]

1. Oy.

:banghead:

[bluestateguy]

2. No bank or business will accept it

But please, by all means go ahead and make your pretend play money.

This is just a recreational activity for teabaggers to make themselves feel important.

[Massacure]

3. *sigh* Article I, Section 10

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing 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

No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it's inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Controul of the Congress.

No State shall, without the Consent of Congress, lay any Duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay.

:banghead:

[damonm]

19. So much for revering the Constitution...

[asjr]

4. If they dig deep enough they might find some

old Confederate bank notes lying around.

[nxylas]

9. The press that printed them is now a Publix supermarket

So glad I no longer live in SC.

[GoCubsGo]

15. Lucky you.

I wish I didn't.

[AtomicKitten]

5. Reminds me of Beavis and Butt-Head they tried to photocopy cash. nt

[WatsonT]

6. Good luck with that

it would make more sense, if you're worried about rampant inflation, to begin setting up state stockpiles of tangible goods: dehydrated food, medicine, clean water, fuel, etc.

Actual material goods that can be doled out will be far more useful in the event of a complete financial collapse than attempting to come up with your own independent currency.

[vaberella]

7. Bless their hearts. Can they just secede so we can keep our tax revenue?! n/t

[davidpdx]

8. Next thing you know they'll to succeed

oh wait they already tried that....

[JoePhilly]

10. Maybe the dope could use Sea Shells for currency.

[NoPasaran]

11. I was thinking lotto tickets

[tanyev]

12. If folks lose faith in the dollar, some SC dollars might come in handy as toilet paper.

Geez. Just goes to show that no state has a monopoly on stupid.

[Kdillard]

13. Yeah that will work out real well.

[Iwillnevergiveup]

14. What the.....

South Carolina appears to have made a full time pursuit of outdoing itself in craziness. It's a damn shame because it is a beautiful state. My friend, Robert, in Pawley's Island, unfailingly sends me the absolute best jokes/videos on a daily basis. And doesn't Stephen Colbert hail from SC? At least some of the folks haven't lost their sense of humor.

:shrug:

[raccoon]

16. I wonder if you have to be certifiable in order to serve as an SC state legislator.

It's certainly beginning to look that way.

[denem]

17. SC Mint to be sited at Fort Sumter.

[Adsos Letter]

18. Geez...the John C. Calhoun gene runs deep in that state.

[Aristus]

20. They HAD their own currency once; it didn't work out that well.

Not worth the paper it was printed on. So go ahead, South Carolina, bankrupt your stupid fucking selves.

We'll take over what's left of that crazed sandpile of a state and hold a garage sale...

Fucking idiots... :eyes:

[old mark]

21. "South Carolina- Too small for a Republic, too big for an asylum"...

James L. Petigru, South Carolina legislator of the 1850's.
I lived there for a short time in the 1960's. It was the same then and is obviously the same now...


mark

[Countdown_3_2_1]

22. Yeah, And the guys pushing the Ron Paul Dollar are not in prison.

LOL.