Virginia is stepping up yet again as the first state to take up an vital issue. First it was the constitutionality of the mandate inside Obamacare, and now they are studying an alternative currency system for Virginia in the likelihood the Federal Reserve crashes. This concept can’t happen fast enough in every single state in the republic. Let your state legislators know that you expect them to take up the issue of some type of replacement currency for Federal Reserve Notes. We average Americans should not be the only ones prepared for the currency collapse and ensuing chaos that will surely follow. States must have a plan in place for the day when the piper must be paid.
If you want to understand the math of the never-ending debt cycle, check out The Economic Collapse’s piece that follows ZeroHedge’s story below. I suggest you read it in it’s entirety, and then pass it along to your email lists. This is the master wealth redistribution plan at it’s worst.
Virginia Creates Subcommittee To Study Monetary Alternatives In Case Of Terminal Fed “Breakdown”, Considers Gold As Option
In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint 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.” In other words, Virginia will study the fallback plan of a “timely adoption of an alternative sound currency that the Commonwealth’s government and citizens may employ without delay in the event of the destruction of the Federal Reserve System’s currency” and 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.” Most importantly as pertain to the currency in question, “Americans may employ whatever currency they choose to stipulate as the medium for payment of their private debts, including gold or silver, or both, to the exclusion of a currency not redeemable in gold or silver that Congress may have designated ‘legal tender’.” Whether this resolution will ever get off the ground, and actually find that the world is at great risk should gold not be instituted as a backstop currency, is irrelevant. The mere fact that it is out there, should provide sufficient impetus to other states to consider the ultimate Plan B.