Can you imagine travelling from Detroit (in my case) to Florida via Interstate 75 and having to carry Michigan, Ohio, Tennessee, Kentucky, Alabama and Florida currency? Well, if individual states decide to issue their own coinage, that is what you will have to do. I wonder if my debit card would work?
Individual states are studying the advantages and disadvantages of issuing their own currency. Tennessee, Virginia, Montana among others are taking a look at something that has not been done since the Civil War. It is in response to the Fed and the apparent irresponsibility the States feel has been occurring. Obviously, the issue is just coming to the front and it might be years before something would happen. However, if the Fed were to devalue the dollar, or China demand payment of our debt or QE6 occur, then all bets would be off. We will continue to follow the issue and provide updates as they occur.
Here is the first of this series from www. tennessean.com
Article Title:
Sen. Bill Ketron wants TN to consider creating its own currency
http://www.tennessean.com/apps/pbcs.dll/article?AID=/201103090210/NEWS0201/103090357
Individual states are studying the advantages and disadvantages of issuing their own currency. Tennessee, Virginia, Montana among others are taking a look at something that has not been done since the Civil War. It is in response to the Fed and the apparent irresponsibility the States feel has been occurring. Obviously, the issue is just coming to the front and it might be years before something would happen. However, if the Fed were to devalue the dollar, or China demand payment of our debt or QE6 occur, then all bets would be off. We will continue to follow the issue and provide updates as they occur.
Here is the first of this series from www. tennessean.com
Article Title:
Sen. Bill Ketron wants TN to consider creating its own currency
http://www.tennessean.com/apps/pbcs.dll/article?AID=/201103090210/NEWS0201/103090357
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