HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Politics 2014 (Forum) » Virginia Senate scraps pl...
Introducing Discussionist: A new forum by the creators of DU

Wed Feb 20, 2013, 08:44 AM

Virginia Senate scraps plan to issue new Virginia currency

BY MARKUS SCHMIDT AND OLYMPIA MEOLA Richmond Times-Dispatch

The U.S. dollar will remain the only legal tender in the commonwealth for now. The Virginia Senate today killed a House proposal that would have established a joint subcommittee to study the feasibility “of a metallic-based monetary unit” as an alternative to the dollar.

The cost of the study was estimated at $17,440.

After lawmakers on both sides of the aisle urged the defeat of House Joint Resolution 590, sponsored by Del. Robert G. Marshall, R-Prince William,Ö the Senate dispatched the resolution on a voice vote.

Marshall had suggested that the state create its own currency to compete with the dollar. “It would be an additional vehicle of trade and commerce,” he said in an interview earlier this month.
Marshall’s proposal, which the House had passed by a two-thirds vote, attracted national notoriety because the Republican had said that he wanted to prepare Virginia for the impact of a major financial meltdown, caused by hyperinflation, cyber attacks on banks and the Federal Reserve's increasing control over the nation's money supply.

http://www.timesdispatch.com/news/latest-news/senate-scraps-marshall-s-bid-for-doomsday-dollar/article_a001db90-7ad9-11e2-8383-001a4bcf6878.html

2 replies, 755 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Virginia Senate scraps plan to issue new Virginia currency (Original post)
DonViejo Feb 2013 OP
rbixby Feb 2013 #1
Aristus Feb 2013 #2

Response to DonViejo (Original post)

Wed Feb 20, 2013, 10:25 AM

1. Maybe republicans should issue their own currency based on their party

Reply to this post

Back to top Alert abuse Link here Permalink


Response to DonViejo (Original post)

Wed Feb 20, 2013, 01:37 PM

2. Yeah, the last time Virginia issued its own money, it didn't end well...



What a bunch of fuckheads are running Virginia these days...

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread