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(Washington Post)   Republicans in Virginia are moving forward with their plans to create a new State currency so that when the Federal Reserve crashes, they're ready   ( washingtonpost.com) divider line
    More: Interesting, Federal Reserve, Virginia  
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6449 clicks; posted to Main » on 25 Jan 2013 at 2:37 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



231 Comments     (+0 »)
 
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2013-01-25 03:07:43 PM  

Disposable Rob: MaudlinMutantMollusk: Virginia has gone full Arizona

/you folks voted for this?

Half of us didn't. Virginia is gerrymandered to look crazier than it actually is.


Which is why the Republicans in the General Assembly are pushing to allocate our Electoral College votes based on the outcome in each Congressional district rather than the state-wide popular vote.
 
2013-01-25 03:11:01 PM  

HotWingConspiracy: If the nickels have a picture of a bumblebee on them they might win some support.


"Gimme 5 bees for a quarter," you'd say.
 
2013-01-25 03:13:03 PM  

byelii: cookiefleck: I'd love to see what their papermoney would look like.

Probably something like this:

[www.byelii.com image 850x363]

Six months after the Ratification of a treaty of Peace between the Confederate States and the United States the Confederate States will pay 100 Dollars to bearer

media.comicvine.comView Full Size
 
2013-01-25 03:13:05 PM  
What's with all the derpitude in Virginia lately? Something in the water?
 
2013-01-25 03:15:01 PM  
I have WAY too many friends who are prepping for the whole "shiat hits the fan" concept, as if the entire country is about to imminently dissolve into a state of complete anarchy approaching Somalia.

They're stockpiling food, weapons, and ammunition. I've been ridiculed because I don't have thousands of rounds of ammo for dozens of guns handy (and I'm not anti-gun, and I just might have some high-capacity magazines for the guns I might happen to already own) (or might not, not actually saying). Sure, shooting is fun, and it's more fun if you don't have to constantly reload.

But folks, society isn't going to collapse tomorrow, or the next day, or next year. It's not likely to even happen in my lifetime. There's no imminent event to prepare for, other than the next hurricane or flood. And unless you're in New Orleans or Detroit, that won't require you to have high-cap mags, bullet-resistant clothing, or months of food stored.

And folks, socialized medicine is a GOOD thing, I WISH that was what the Affordable Care Act actually is, but it's at least a step in the right direction. Society is LESS likely to collapse if people who can't afford today's exorbitant cost of health care don't have to resort to crime. And society is certainly less likely to collapse if we make sure that the least fortunate among us are able to at least have adequate food and housing. It would help if we could find a way to move incomes in a more equal direction, because if we were to equally divide the US GDP today, every person in the county would make nearly $50,000 per year. Enough to live on? Have a comfortable life? Yeah, I thought so.
 
2013-01-25 03:17:07 PM  

HartRend: Just_a_Bear: Meh, it only violates the Constitution, no big deal.

The federal reserve violates the constitution.
The constitutions guarantees the right of congress to print and coin money / set standards and weights.
Congress has given up their right to the Fed, and thus the taxation without representation.


t2.gstatic.comView Full Size
 
2013-01-25 03:18:26 PM  

doyner: HartRend: Just_a_Bear: Meh, it only violates the Constitution, no big deal.

The federal reserve violates the constitution.
The constitutions guarantees the right of congress to print and coin money / set standards and weights.
Congress has given up their right to the Fed, and thus the taxation without representation.

[t2.gstatic.com image 259x194]


Have you even read the constitution? Clearly not...
 
2013-01-25 03:20:12 PM  

dericwater: What's with all the derpitude in Virginia lately? Something in the water?


Lately? Virginia has more crazy than Florida. Florida is Grandpa's Naptime compared to the Nightmare Fuel of Virginia. This place gets worse every day. And yet Florida has the tag.
 
2013-01-25 03:20:53 PM  
For anybody who thinks negatively of the Virginian Republicans you may want to google a few subjects:

The Fractional Reserve Banking System

The Derivative Bubble

The Mortgage crisis.

Mortgage rubber stamping.

The fall of the Roman Empire

These will get you started...
 
2013-01-25 03:21:01 PM  

HartRend: The federal reserve violates the constitution.
The constitutions guarantees the right of congress to print and coin money / set standards and weights.
Congress has given up their right to the Fed, and thus the taxation without representation.


You run with that, Sparky. I'll knock on the airlock of your bunker when it's safe to come out.
 
2013-01-25 03:21:14 PM  

HartRend: whistleridge: Dear Republicans:

So long as you keep incredibly stupid shiat like this up, please stop getting outraged when the rest of us tell you that you don't understand how money works. Because clearly, you don't. And this is Exhibit #1 as to why you shouldn't be allowed control of a $10 piggybank, much less a state or national economy.

Thanks,

Those of us who DO understand how money works

The subject here is not money, but currency.

//FTW


FTFA:

"Marshall's bill expresses concern that the value of greenbacks could be destroyed by "hyperinflation." It notes that "from our nation's founding, there has been concern regarding the country's monetary and banking systems and their potential to harm the citizenry," and that Thomas Jefferson himself "expressed deep concern about the social instability that may ultimately result from bank-issued paper money."

In other words, it's about money. Specifically, wasting it on bullshiat 'studies' that are unconstitutional but sell well with those parts of the base who are already thinking RAND PAUL 2016!!
 
2013-01-25 03:21:55 PM  

Arkanaut: I gotta admire their moxie. Somehow, the currency backed by the full faith and credit

ability of the federal government of the United States to forcefully extract taxes from its subjects at the point of a gun won't be enough, but Virginia -- surely the greatest of the 50 states -- will be trustworthy in the eyes of the world.


/Edited for accuracy
 
2013-01-25 03:22:39 PM  
I thought this might be about Milton Freidman and the Chicago School's South American AdventuresTM, but it looks like this is really about "mandating a study", which I'm sure this Marshall fellow has already selected a few of his relatives and closest friends to conduct this extensive and necessary 20-year study.
 
2013-01-25 03:24:27 PM  

GreatGlavinsGhost: I thought this might be about Milton Freidman and the Chicago School's South American AdventuresTM, but it looks like this is really about "mandating a study", which I'm sure this Marshall fellow has already selected a few of his relatives and closest friends to conduct this extensive and necessary 20-year study.


Gah, I've mixed up two threads!

/FTFM
 
2013-01-25 03:25:01 PM  

whistleridge: HartRend: whistleridge: Dear Republicans:

So long as you keep incredibly stupid shiat like this up, please stop getting outraged when the rest of us tell you that you don't understand how money works. Because clearly, you don't. And this is Exhibit #1 as to why you shouldn't be allowed control of a $10 piggybank, much less a state or national economy.

Thanks,

Those of us who DO understand how money works

The subject here is not money, but currency.

//FTW

FTFA:

"Marshall's bill expresses concern that the value of greenbacks could be destroyed by "hyperinflation." It notes that "from our nation's founding, there has been concern regarding the country's monetary and banking systems and their potential to harm the citizenry," and that Thomas Jefferson himself "expressed deep concern about the social instability that may ultimately result from bank-issued paper money."

In other words, it's about money. Specifically, wasting it on bullshiat 'studies' that are unconstitutional but sell well with those parts of the base who are already thinking RAND PAUL 2016!!


FTF HEADLINE:

Bill to study 'alternate currency' for Va. inches forward
 
2013-01-25 03:26:50 PM  

theorellior: HartRend: The federal reserve violates the constitution.
The constitutions guarantees the right of congress to print and coin money / set standards and weights.
Congress has given up their right to the Fed, and thus the taxation without representation.

You run with that, Sparky. I'll knock on the airlock of your bunker when it's safe to come out.


Well considering what they have done to your dollar, you may want to reconsider your position.

Go check out gold prices, see what the real buying power of your dollar is.

If you are right, then we both get to have a good time.

If I am right, only I get to have a good time.
 
2013-01-25 03:27:24 PM  

HartRend: For anybody who thinks negatively of the Virginian Republicans you may want to google a few subjects:

The Fractional Reserve Banking System


Derp.

Did you know Fractional Reserve Banking was invented by GOLD lenders? Has shiatall to do with fiat.
 
2013-01-25 03:28:21 PM  
If the US Dollar collapses the world would be pretty farked.

However I assume people would start using another currency automaticly, even if it's a canned soup based one.
 
2013-01-25 03:28:45 PM  

impaler: HartRend: For anybody who thinks negatively of the Virginian Republicans you may want to google a few subjects:

The Fractional Reserve Banking System

Derp.

Did you know Fractional Reserve Banking was invented by GOLD lenders? Has shiatall to do with fiat.


Unless you take the gold out of the equation.
 
2013-01-25 03:29:16 PM  
I'm already hoarding nickels. They'll never be worth zero, since they're 25% nickel.

/worth 9 cents ATM.....
 
2013-01-25 03:29:29 PM  

spawn73: If the US Dollar collapses the world would be pretty farked.

However I assume people would start using another currency automaticly, even if it's a canned soup based one.


Judging by this article, they already are.
 
2013-01-25 03:30:19 PM  

HartRend: doyner: HartRend: Just_a_Bear: Meh, it only violates the Constitution, no big deal.

The federal reserve violates the constitution.
The constitutions guarantees the right of congress to print and coin money / set standards and weights.
Congress has given up their right to the Fed, and thus the taxation without representation.

[t2.gstatic.com image 259x194]

Have you even read the constitution? Clearly not...


Congress has the right to raise armies and maintain the Navy.  When Electric Boat fixes one of our submarines does that mean they've given up their right?
 
2013-01-25 03:30:38 PM  
Oh great. Another RonPaul jockstrap to suck all the oxygen out of the air in here.

/bails out
 
2013-01-25 03:31:20 PM  

Superjew: I would give every penny I own for required psychological examinations as a prerequisite for holding public office.


I can't support this enough; it is way overdue. I too would honestly give up all my possessions to see this in effect, gladly. I think many people are confident the bulk of those in power in WashDC are seriously flawed individuals in need of medication, counseling and perhaps institution living. And you bet you favorite book in the bookcase it's even worse for those in military and law enforcement.

That's why politicians (the rich & powerful) have themselves surrounded by 5 layers of gun toting henchmen ready willing and able to kill 'for the cause'. Those in power are truly horrible people that should be put down like rabid raccoons. Any person that wants to lord over others and make others bend to their will and demands is seriously twisted.
 
2013-01-25 03:31:59 PM  

doyner: HartRend: doyner: HartRend: Just_a_Bear: Meh, it only violates the Constitution, no big deal.

The federal reserve violates the constitution.
The constitutions guarantees the right of congress to print and coin money / set standards and weights.
Congress has given up their right to the Fed, and thus the taxation without representation.

[t2.gstatic.com image 259x194]

Have you even read the constitution? Clearly not...

Congress has the right to raise armies and maintain the Navy.  When Electric Boat fixes one of our submarines does that mean they've given up their right?


How does that even parallel with this? I don't understand the analogy you are trying to draw.
 
2013-01-25 03:33:12 PM  

ThrobblefootSpectre: MBooda: Damn. Just looked at a dollar bill from my wallet, and it was printed by those crazy maniacs in San Francisco!

Oddly, occupy san francisco was demanding that people should have the right to print their own money. Still a bad idea, no matter which side brings it up.


Perhaps, but the person who brought it up on one side is a powerful, elected official. A few of the loosely organized group of people who brought it up on the other side are just urban campers with an axe to grind.
 
2013-01-25 03:33:15 PM  

HartRend: doyner: HartRend: doyner: HartRend: Just_a_Bear: Meh, it only violates the Constitution, no big deal.

The federal reserve violates the constitution.
The constitutions guarantees the right of congress to print and coin money / set standards and weights.
Congress has given up their right to the Fed, and thus the taxation without representation.

[t2.gstatic.com image 259x194]

Have you even read the constitution? Clearly not...

Congress has the right to raise armies and maintain the Navy.  When Electric Boat fixes one of our submarines does that mean they've given up their right?

How does that even parallel with this? I don't understand the analogy you are trying to draw.


The parallel is having a private entity act under the authority of Congress.
 
2013-01-25 03:33:19 PM  
The "Federal Reserve" - a privately owned bank celebrating 100 years of printing "money" out of thin air and "loaning" it to the United States Government at interest, said interest being collected from The People, under duress, in the form of Taxes.

It's nice work - if you can get it.


/Yes, America
//There is an Amendment that should be repealed
///And no, it isn't the Second Amendment
 
2013-01-25 03:33:37 PM  

HartRend: Well considering what they have done to your dollar,


Kept its value fluctuations at a stable low rate of inflation with very little variance? The horror. The markets hate predictability.

Next are you going to tell us to go to shadowstats to study it out?
 
2013-01-25 03:34:37 PM  
What the proposed Virginia money might look like:
imageshack.usView Full Size
 
2013-01-25 03:34:39 PM  

Amos Quito: The "Federal Reserve" - a privately owned bank celebrating 100 years of printing "money" out of thin air and "loaning" it to the United States Government at interest, said interest being collected from The People, under duress, in the form of Taxes.

It's nice work - if you can get it.


/Yes, America
//There is an Amendment that should be repealed
///And no, it isn't the Second Amendment


The 3rd?
 
2013-01-25 03:35:50 PM  

Amos Quito: Arkanaut: I gotta admire their moxie. Somehow, the currency backed by the full faith and credit ability of the federal government of the United States to forcefully extract taxes from its subjects at the point of a gun won't be enough, but Virginia -- surely the greatest of the 50 states -- will be trustworthy in the eyes of the world.


/Edited for accuracy


Ah yes, I too reminisce about the days before the Federal Government had guns, and nobody paid any taxes ever.
 
2013-01-25 03:37:16 PM  
MaudlinMutantMollusk: /you folks voted for this?

Nope.
 
2013-01-25 03:37:22 PM  

doyner: HartRend: doyner: HartRend: doyner: HartRend: Just_a_Bear: Meh, it only violates the Constitution, no big deal.

The federal reserve violates the constitution.
The constitutions guarantees the right of congress to print and coin money / set standards and weights.
Congress has given up their right to the Fed, and thus the taxation without representation.

[t2.gstatic.com image 259x194]

Have you even read the constitution? Clearly not...

Congress has the right to raise armies and maintain the Navy.  When Electric Boat fixes one of our submarines does that mean they've given up their right?

How does that even parallel with this? I don't understand the analogy you are trying to draw.

The parallel is having a private entity act under the authority of Congress.


The private entity in your case has oversight, the navy, not in the Fed's case. The Federal Reserve has never been audited in it's 100+ years of existence.
 
2013-01-25 03:37:32 PM  
Do you even know how to read or conduct basic research? Or are your abilities limited to regurgitating whatever crap email talking points Crazy Uncle Larry forwards you from whatever stormfront thread du jour it is that he's reading?

HartRend: Just_a_Bear: Meh, it only violates the Constitution, no big deal.

The federal reserve violates the constitution.


Not according to the Supreme Court:


U.S. v. Rickman, 638 F.2d 182, C.A.Kan. 1980:

Federal Reserve Notes in which the defendant, charged with failure to file federal income tax returns, was paid were lawful money within the meaning of the United States Constitution.


U.S. v. Wangrund, 533 F.2d 495; C.A.Cal. 1976

The statute establishing Federal Reserve Notes as legal tender for all debts, public and private, including taxes, is within the constitutional authority of Congress; thus the defendant could not overturn his conviction on two counts of wilful failure to make an income tax return on the theory that he did not receive money since checks he received as compensation for his services could be cashed only for Federal Reserve Notes which were not redeemable in specie.


Nixon v. Individual Head of St. Joseph Mortgage Company, 615 F.Supp. 890, affirmed 787 F.2d 596. D.C.Ind. 1985.

Federal Reserve notes are legal tender.


Ginter v. Southern
, 611 F.2d 1226, certiorari denied 100 S.Ct 2946, 446 US 967, 64 L.E.d.2d 827. C.A.Ark. 1979.

Tax protestor's claims concerning the constitutionality of the Federal Reserve System, Internal Revenue Code and establishment of tax court were so frivolous as not to require discussion and detail. USCA Const. Amends. 5, 13;


U.S. v. Schmitz
, 542 F.2d 782 certiorari denied 97 S.Ct. 1134, 429 US 1105, 51 L.Ed.2d 556. C.A.Cal. 1976.

Federal Reserve Notes constitute legal tender and are taxable dollars.


Milam v. U.S., 524 F.2d 629. C.A.Cal. 1974.

The statute which delegates to the Federal Reserve System the power to issue circulating notes for money borrowed and the power to define the quality and force of those notes as currency is valid ... Although golden eagles, double eagles, and silver dollars were lovely to look at and delightful to hold, the holder of a $50 Federal Reserve Bank Note, although entitled to redeem his note, was not entitled to do so in precious metal.

The constitutions guarantees the right of congress to print and coin money / set standards and weights.

Yes it does. Article I, Section 10, as cited before in this thread.

Congress has given up their right to the Fed, and thus the taxation without representation.

Actually, the Fed is still entirely regulated by Congress, via a whole body of applicable laws and regulations. That Paulites are too stupid to look these up doesn't mean they're right.
 
2013-01-25 03:38:38 PM  

impaler: HartRend: Well considering what they have done to your dollar,

Kept its value fluctuations at a stable low rate of inflation with very little variance? The horror. The markets hate predictability.

Next are you going to tell us to go to shadowstats to study it out?


You clearly don't have any money.
 
2013-01-25 03:40:16 PM  
A whole lot of but hurt in this thread.

I need to look at buying a house on the other side of the river.
 
2013-01-25 03:40:58 PM  

Mitch Taylor's Bro: ThrobblefootSpectre: MBooda: Damn. Just looked at a dollar bill from my wallet, and it was printed by those crazy maniacs in San Francisco!

Oddly, occupy san francisco was demanding that people should have the right to print their own money. Still a bad idea, no matter which side brings it up.

Perhaps, but the person who brought it up on one side is a powerful, elected official. A few of the loosely organized group of people who brought it up on the other side are just urban campers with an axe to grind.


Today's urban campers with an axe to grind are tomorrow's powerful, elected officials.

/meet the new boss
 
2013-01-25 03:41:17 PM  

whistleridge: That Paulites are too stupid to look these up doesn't mean they're right.


STUDY IT OUT!
 
2013-01-25 03:41:29 PM  
God damnit.
 
2013-01-25 03:41:31 PM  
So what is the exchange rate for Bison dollars?
 
2013-01-25 03:41:32 PM  

whistleridge: Do you even know how to read or conduct basic research? Or are your abilities limited to regurgitating whatever crap email talking points Crazy Uncle Larry forwards you from whatever stormfront thread du jour it is that he's reading?

HartRend: Just_a_Bear: Meh, it only violates the Constitution, no big deal.

The federal reserve violates the constitution.

Not according to the Supreme Court:


U.S. v. Rickman, 638 F.2d 182, C.A.Kan. 1980:

Federal Reserve Notes in which the defendant, charged with failure to file federal income tax returns, was paid were lawful money within the meaning of the United States Constitution.


U.S. v. Wangrund, 533 F.2d 495; C.A.Cal. 1976

The statute establishing Federal Reserve Notes as legal tender for all debts, public and private, including taxes, is within the constitutional authority of Congress; thus the defendant could not overturn his conviction on two counts of wilful failure to make an income tax return on the theory that he did not receive money since checks he received as compensation for his services could be cashed only for Federal Reserve Notes which were not redeemable in specie.


Nixon v. Individual Head of St. Joseph Mortgage Company, 615 F.Supp. 890, affirmed 787 F.2d 596. D.C.Ind. 1985.

Federal Reserve notes are legal tender.


Ginter v. Southern, 611 F.2d 1226, certiorari denied 100 S.Ct 2946, 446 US 967, 64 L.E.d.2d 827. C.A.Ark. 1979.

Tax protestor's claims concerning the constitutionality of the Federal Reserve System, Internal Revenue Code and establishment of tax court were so frivolous as not to require discussion and detail. USCA Const. Amends. 5, 13;


U.S. v. Schmitz, 542 F.2d 782 certiorari denied 97 S.Ct. 1134, 429 US 1105, 51 L.Ed.2d 556. C.A.Cal. 1976.

Federal Reserve Notes constitute legal tender and are taxable dollars.


Milam v. U.S., 524 F.2d 629. C.A.Cal. 1974.

The statute which delegates to the Federal Reserve System the power to issue circulating notes for money borrowed and the power to ...


So because 3 people interpreted it this way, we should all just take it in the ass?
Remind me not to drink any of your cool aid.
 
2013-01-25 03:42:48 PM  

Mitch Taylor's Bro: Perhaps, but the person who brought it up on one side is a powerful, elected official. A few of the loosely organized group of people who brought it up on the other side are just urban campers with an axe to grind


I agree that someone in state government suggesting this is exponentially more dangerous. It's a really bad idea to undermine the value of federal currency, and even worse if a state government is doing it. I also agree that occupy groups were a bunch of inconsequential nutjobs that no one cared about. It's just interesting how the ideas on the two polar fringes often seem to wrap around and meet on the other side.
 
2013-01-25 03:44:05 PM  

HartRend: impaler: HartRend: Well considering what they have done to your dollar,

Kept its value fluctuations at a stable low rate of inflation with very little variance? The horror. The markets hate predictability.

Next are you going to tell us to go to shadowstats to study it out?

You clearly don't have any money.


In my mattress? Nope. If you want your net-worth backed by shiny metal, no one is stopping you. However, there are far better investments. Right now, Conoco-Philips dividends are easily beating inflation rates.
 
2013-01-25 03:44:12 PM  

david_gaithersburg: A whole lot of but hurt in this thread.

I need to look at buying a house on the other side of the river.


They might not take your money.
 
2013-01-25 03:46:01 PM  

impaler: HartRend: impaler: HartRend: Well considering what they have done to your dollar,

Kept its value fluctuations at a stable low rate of inflation with very little variance? The horror. The markets hate predictability.

Next are you going to tell us to go to shadowstats to study it out?

You clearly don't have any money.

In my mattress? Nope. If you want your net-worth backed by shiny metal, no one is stopping you. However, there are far better investments. Right now, Conoco-Philips dividends are easily beating inflation rates.


The fact that you are justifying your investment by "easily beating inflation rates" tells me that you are already digging out of a hole.
Why does my government get to literally take buying power out of my pocket because they want to blow it on bullshiat like pointless wars and people who don't want to work?
 
2013-01-25 03:46:18 PM  

HartRend: So because 3 people interpreted it this way


WAT?
 
2013-01-25 03:46:30 PM  

david_gaithersburg: A whole lot of but hurt in this thread.

I need to look at buying a house on the other side of the river.


I really hope they don't have internet access there.
 
2013-01-25 03:48:58 PM  

doyner: HartRend: So because 3 people interpreted it this way

WAT?


SCOTUS = Very small population (9 or so)

America = Not so small population

Could it be that these few individuals may have a personal interest in ensuring the existence of the Federal Reserve?

Could it be that these individuals are willing to sell out the rest of us for an unfathomable amount of money?

Could it be that your government doesn't give two shiats about you?

What scale is harder to tip, 300 + Million Americans, or 9 assholes who think they know it all?
 
2013-01-25 03:49:09 PM  

Sybarite: when the Federal Reserve crashes


I stockpiled Geoffrey Dollars against just such an eventuality.


pssh. I have a garbage bag full of bottle caps..

/saved a few old school lunchboxes too, just in case
 
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