South Carolina lawmaker wants separate currency for state

Could the end of the Fed be near, and the rise of gold and silver once again?

http://news.yahoo.com/s/yblog_thelo...na-lawmaker-wants-separate-currency-for-state

 

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This has been talk for quite a few years now, nothing new here. I doubt it will happen in my lifetime .

 

The last time I checked, paper currency, whether or not "backed" by gold or silver, is not "gold and silver coin".

I sure don't see how this proposal could pass muster under the clear language of Article 1, Sec. 10 of the US Constitution:

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.​

(All "strict constructionists" among us, please take note - the quoted language is an original part of the Constitution, not part of any amendment, and not an "interpretation" by the Supreme Court.]

 

The key word here, which isn't being spoken , is secede . Right now , there are about one dozen states that have signed into the " Secession " project.

 

Ironically you should mention secession. This year is the 150th anniversary of the civil war. Just thought I'd throw that out.

 

150th Anniversary of the War for Northern Aggression

 

The coining of state currency doesn't have anything to do with secession.

 

Except that they can't do it unless they secede from the Union first.

 

It is also the 150th Anniversary of the Florida Naval Militia Exhibit Opening in Cocoa. :hail:

 

How so? The US Constitution gives every state the right to produce state currency. Furthermore, many states have already done it in the past before the Federal Reserve was created.

 

Article 1 Section 10 says the exact opposite. What part of the Constitution are you claiming entitles states to issue their own currency?

 

Did you actually read it? Here it is for your edification.

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.​

This means that states are free to create silver and gold coin as a method of payment.

Similar legislation has also been introduced in Utah.

 

No, no it doesn't. The section you bolded means that states can't mandate that their citizens pay taxes in kind (ie; taxing them in the form of 5 tons of tobacco). The article expressly says "No State shall ... coin Money". That's the operative part of the article.

 

Well the legislators in Utah and SC disagree with your opinion on this.

 

I live in Texas. Let me state for the record that if Rick Perry & Co try to secede from the Union, I intend to show the Yankees the back way in.

 

South Carolina has quite a bit of firsts:
-First state to nearly secede, during the Nullification Crisis of 1828.
-The first state TO secede, in 1861, due to the original possibility of the end of slavery in the South.
-One of the first states to want their own currency.

No offence to South Carolinians, but it sounds like they're the most rebellious state.

 

South Carolina isn't the only State petitioning to secede . There are 11 such current and active petitions in the courts at this time , and they include such biggies as New York , Virginia , Ohio , oklahoma and New Hampshire to name just a few. The desire is substantiated . Will the Federal Government win out ? that remains in the courts and probably , not likely .

 

Don't be patronizing, especially when you missed the "coin money" part of the list things states are not allowed to do. There's nothing wrong with being mistaken, as long as you don't insult the people who let you know about it.

 

Geat Idea but...........

This story should be an indication of how serious the U.S. debt problem has become.
Great idea to jump off a sinking ship but until the citizens of the U.S. decide to take control of their own money supply, I doubt this will ever happen.

 

Sounds like they want to secede again too. lol. Last time they did, the state paid for it dearly. Makes me wonder what would happen if states would secede again. Would there be a second civil war or would the country just fall apart?