http://news.yahoo.com/s/yblog_thelookout/20110214/us_yblog_thelookout/south-carolina-lawmaker-wants-separate-currency-for-state
QuoteA South Carolina state politician wants the state to develop its own gold and silver-based currency in case the Federal Reserve collapses and hyper-inflation ensues.
"If folks lose faith in the dollar, we need to have some kind of backup," State Sen. Lee Bright told the Spartanburg Herald Journal's Stephen Largen. His bill asks a committee to look into the development of a state currency, citing the Constitution and Supreme Court precedents to prove the bill's legality.
Riiiiight. I guess he figures S Carolingians will never have to buy anything outside of their own state? What's the credit card exchange rate? And I guess he wants the people of his state to basically just never move outside or travel outside.
Insular logic followed by chauvinistic moves FTL.
I laugh at the idea of RI doing this. Our money would be based on the air standard.
We get 50 states doing this, there'll be a fortune to be made money-changing.
Quote from: Luna on February 15, 2011, 03:13:27 PM
We get 50 states doing this, there'll be a fortune to be made money-changing.
Except where RI money is based on the price of air. Could you imagine exchanging with California? Their money would be based on garbage from the Hollywood Hills.
:lulz: Aw, we peddle more shit than that. But that probably is one of our highest commodities.
Quote from: Princess Suu the Apostate on February 15, 2011, 03:16:24 PM
Quote from: Luna on February 15, 2011, 03:13:27 PM
We get 50 states doing this, there'll be a fortune to be made money-changing.
Except where RI money is based on the price of air. Could you imagine exchanging with California? Their money would be based on garbage from the Hollywood Hills.
How many California dollars to I have to collect to trade in for Hugh Jackman?
Here in Missouri, we're gonna back our money with crappy beer and fresh river water.... :x
Quote from: Luna on February 15, 2011, 03:20:24 PM
Quote from: Princess Suu the Apostate on February 15, 2011, 03:16:24 PM
Quote from: Luna on February 15, 2011, 03:13:27 PM
We get 50 states doing this, there'll be a fortune to be made money-changing.
Except where RI money is based on the price of air. Could you imagine exchanging with California? Their money would be based on garbage from the Hollywood Hills.
How many California dollars to I have to collect to trade in for Hugh Jackman?
He's not even American. Good luck with that.
:lulz: Think Oz. ;)
I know he's not, but you can't tell me SOMEBODY in Hollywood doesn't own his ass by now.
Quote from: Luna on February 15, 2011, 03:36:49 PM
I know he's not, but you can't tell me SOMEBODY in Hollywood doesn't own his ass by now.
Damn have we lost
another one to Scientology?
Quote from: Khara on February 15, 2011, 03:43:01 PM
Quote from: Luna on February 15, 2011, 03:36:49 PM
I know he's not, but you can't tell me SOMEBODY in Hollywood doesn't own his ass by now.
Damn have we lost another one to Scientology?
No, fairly certain he's still reasonably sane. If not, I volunteer to chain him to a bed and re-educate him.
Hold my calls, this could take awhile.
:lulz:
Section 1, article 8:
"The Congress shall have power to ... coin money [and] regulate the value thereof...
Yep, Bright sure does know his stuff.
My first thought when I saw this was.....
"and the last time a southern state had it's own currency, yeah that worked out so well for them huh?
:lulz:
Yep. Republican.
Oooh, I get it! This is "Republican Jackass Week!" They introduce crap like this and the "Let's Shoot Abortionists" law, so anything they introduce NEXT week looks sane...
Luna...that's EVERY week...
Quote from: Jenne on February 15, 2011, 08:22:34 PM
Luna...that's EVERY week...
Sadly, true.
But this week, particularly in that state, seems to be some sort of special "how offensive can we be" holiday.
You know, for a while, I was pretty sure there was no currency in the world that was going to be as worthless as the US dollar or the Euro (or Sterling, for that matter).
Thanks for proving me wrong, SC!
Quote from: Cain on February 15, 2011, 08:54:12 PM
You know, for a while, I was pretty sure there was no currency in the world that was going to be as worthless as the US dollar or the Euro (or Sterling, for that matter).
Thanks for proving me wrong, SC!
I don't know Cain, it sounds like they are limiting their currency to gold and silver. Those will at least hold their value if you have to melt them down to do it right?
Of course in this day and age copper is the metal to demand the big bucks!
The question, of course, is how much gold and silver does the state actually OWN?
Presumably, in order to get this magic money, you would have to fork over enough dough to cover the cost of the gold/silver (which would then totally be used to buy gold/silver, and not to buy hookers and blow).
I love the bimetallism bit though, since nobody actually has the power to guarantee that gold and silver will have a fixed relationship in the future, making this really two totally separate forms of currency.
I love the idea of competing currencies, but if he were really concerned, then why wouldn't he just support the purchase by his citizens of the Silver and Gold American Eagle bullion coins that the US treasury has minted since 1986?
they aren't just 'backed' by the commodities, they actually are the stuff.
and they have the backing of the US Secret Service to guarantee authenticity. (they aren't afraid to anybody in the nuts for faking them)
Ya know the Constitution says.... *reads thread*.
Quote from: Hover Cat on February 15, 2011, 07:53:05 PM
:lulz:
Section 1, article 8:
"The Congress shall have power to ... coin money [and] regulate the value thereof...
Yep, Bright sure does know his stuff.
Fuck, too slow. :oops:
Quote from: Iptuous on February 16, 2011, 01:02:09 AM
I love the idea of competing currencies, but if he were really concerned, then why wouldn't he just support the purchase by his citizens of the Silver and Gold American Eagle bullion coins that the US treasury has minted since 1986?
they aren't just 'backed' by the commodities, they actually are the stuff.
and they have the backing of the US Secret Service to guarantee authenticity. (they aren't afraid to anybody in the nuts for faking them)
It's not about accomplishing something, its about going 'look at me, I'm standing up to the feds'.
Dammit. Well, I'll be glad to be leaving this state soon enough.
Save your Confederate money, boys. The South is gonna rise again!
Two words: Chicken Certificates.
Quote from: Pastor Miskatonic Zappathruster on February 16, 2011, 03:33:22 AM
Save your Confederate money, boys. The South is gonna rise again!
Viagra is such a useful drug.
:lulz: