SC Rep. Mike Pitts Pushes To Ban Federal Reserve Notes

Ain’t gonna happen, but does raise the issue a notch.  The silver lining to the impending economic storm?  When it comes time to pay the piper, it will be our opportunity to ABOLISH THE FED once and for all!

South Carolina Lawmaker Seeks to Ban Federal Currency

South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.

As the Palmetto Scoop first reported, Pitts, a Republican, introduced legislation this month banning “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.

In an interview, Pitts told Hotsheet that he believes that “if the federal government continues to spend money at the rate it’s spending money, and if it continues to print money at the rate it’s printing money, our economic system is going to collapse.”

“The Germans felt their system wouldn’t collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s,” he said. “The Soviet Union didn’t think their system would collapse, but it did. Ours is capable of collapsing also.”

The lawmaker believes that a shift to an economy based on gold and silver coins would give the state a “base of currency” should that collapse come. As one expert told the Scoop, however, his bill would likely be ruled unconstitutional because it “violates a perfectly legal and Constitutional federal law, enacted pursuant to the Commerce Clause of the U.S. Constitution, that federal reserve notes are legal tender for all debts public and private.”

By Logistics Monster


  • I liked those old silver certificates and the silver coins. The gold coins were cool, too. Pennies used to be real copper. Too bad Pitts doesn’t have a chance but it’s probably a good idea.

  • I support him. The time is coming like it or not, there are some that ostrisize themselves those that are preparing can see the real concern he has. I applaud him for having the forsight and thinking of his state. Good Luck!

  • valued associate -

    All South Carolina as to do is honor their contracts. Two sets of books are already in use in some of the several states. One set is for paper money while the other is for gold and silver coinage.

  • Dr. Edwin Vieira has written this Bill and it is CONSTITUTIONAL. He has 4 degrees from Harvard Law and is one of this nations foremost Constitutional Scholars. It would be wonderful to watch all of the states take a stand against the FED. I see this as being a great eye opener and a prelude to a Bill that would allow the Electronic Monetization of Gold and Silver. I think that paying state workers with Gold Debit cards and backing up pensions with hard assets can lead to a great economic uptic for any state that passes a Gold and Silver Bill.

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