6 states want to create their own currency, bypassing Fed. Reserve Notes.

[dixiegrrrrl]

I stumbled across a bill being introduced in Virginia, to create "a 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."

And, in that bill, it mentions that "bills that have been or are being introduced in the legislatures of the States of Georgia, Indiana, Montana, New Hampshire, and South Carolina; "

The bill also focuses on fears of hyperinflation:

"WHEREAS, the present monetary and banking systems of the United States, centered around the Federal Reserve System, have come under ever-increasing strain during the last several years, and will be exposed to ever-increasing and predictably debilitating strain in the years to come; and

WHEREAS, many widely recognized experts predict the inevitable destruction of the Federal Reserve System’s currency through hyperinflation in the foreseeable future;"

Interesting read.

What do you think?

http://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HJ557