Is Virginia To Issue Gold and Silver Coinage?

January 16, 2011 Physical Gold, Politics No Comments

Is Virginia to issue gold ans silver coinage? An interesting question that leads me to point you to the the silver report that I just finished this weekend, “2011′s Silver Lining”, that will be available to you soon, absolutely free on buygoldco.com. Check it out because silver is going to shine in 2011! Now, let’s address the question: Is Virginia to issue gold and silver coinage?

What if the confidence in the U.S. Dollar was so low that individual states considered creating their own currencies to replace it? You might say, “That is such a crazy idea that it can’t happen here in the good old U.S. of A.” Well, stranger things have happened and will be happening in the future as we experience “Hope and Change” courtesy of the Obama regime.

A little mentioned story by the media, aka Pravda U.S.A, is about to send shock waves through the dollar as one state, Virginia, considers whether to issue its own currency. Is Virginia to issue gold and silver coinage? This simple question will spark a debate that may shake the Federal Government to its very core. It could also be the answer to the question of how to reign in the government and reduce its size and power to a reasonable level.

The State of Virginia Is Considering Whether It Should Issue Its Own Alternate To the Federal Reserve Notes

HOUSE JOINT RESOLUTION NO. 557

Offered January 12, 2011

Prefiled January 5, 2011

Establishing a joint subcommittee 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. Report.

Patron– Marshall, R.G.

Referred to Committee on Rules

WHEREAS, the Supreme Court of the United States has ruled in In re Rahrer, 140 U.S. 545, 554 (1891), that “the police power” of a State “is a power originally and always belonging to the States, not surrendered by them to the general government, nor directly restrained by the Constitution of the United States, and essentially exclusive”; and

WHEREAS, the Supreme Court of the United States has ruled in Beer Company v. Massachusetts, 97 U.S. 25, 33 (1877), that the police power of the States “extend[s] to the protection of the lives, health, and property of the[ir] citizens, and to the preservation of good order”; and

WHEREAS, the protection of the lives, health, and property of Virginia’s citizens, and the preservation of good order in the Commonwealth, depend upon the maintenance of both an adequate system of governmental finance and a sound and robust private economy; and

WHEREAS, an adequate system of governmental finance and a sound and robust private economy cannot be maintained in the absence of a sound currency; and

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; and

WHEREAS, in the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System, for which the Commonwealth is not prepared, the Commonwealth’s governmental finances and Virginia’s private economy will be thrown into chaos, with gravely detrimental effects upon the lives, health, and property of Virginia’s citizens, and with consequences fatal to the preservation of good order throughout the Commonwealth; and

WHEREAS, Virginia can 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 only through the 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

To read the whole resolution on the State of Virginia’s web page, go to:

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

The Left Mocks Common Sense Because They Fear It!

So what else is new. The same left wing radicals that can’t get anything to work because all they know is how to destroy things is once again trying to stop any ideas that make sense.

Enough said. Let’s look at what this proposed amendment to consider and idea really means.

Let’s Look At This

There is so much contained in the first eight paragraphs of this bill that it is simply mind boggling! The state of Virginia actually gets what is going on with the Federal Reserve and the U.S. Government. I am shocked and amazed that there is a state government out there that really gets it!

Let’s examine the ramifications of these first eight paragraphs.

Whereas number one: As ruled by the Supreme Court, the police power of the state belongs to the state and is not surrendered to the “general” or Federal Government. (For all of you Progressives this means that the state has priority over the Federal Government in this area)

Whereas Number two: The Supreme Court has ruled that: that the police power of the States “extend[s] to the protection of the lives, health, and property of the[ir] citizens, and to the preservation of good order.” This is pretty clear, the individual states are empowered to preserve the order and protect the lives, health and property of their citizens.

Whereas Number Three: The protection of lives, health and property requires a sound financial government and a health and growing private sector.

Whereas Number Four:

An adequate government and a growing private sector cannot exist without a sound currency!

Whereas Number Five: It is certain that the Federal Reserve has been under strain in the last couple of years and it does not look favorable for the Fed going forward.

Whereas Number Six: Many widely respected analysts expect the Fed to fail in the foreseeable future.

Whereas Number Seven: In the event that we have a depression, or worse the total break up of the monetary system due to mismanagement by the White House or the Federal Reserve, the State of Virginia’s economy would be thrown into chaos. This would cause grave hardship to the citizens of Virginia because it would effect their lives, health and property and the good order of the State of Virginia.

Whereas Number Eight: The State of Virginia can avoid this by providing a sound currency as an alternative when the U.S. Dollar collapses!

What’s Next!

When one state realizes what’s going on, others will soon follow. This is the first major crack in the dam. Do you have to hit your head against the wall before you realize that the old norm is dying? Gold and silver will be the only protection (with the possible exception of energy) when the old norm unravels.

What amazes me the most is that you have a state government that is not looking to preserve its growth and expansion, but rather they are looking out for their citizen’s well being. What a refreshing thought!

Till next time, good luck and good trading!