Thursday, January 13, 2011

US State Considers Alternative to Dollar

The Commonwealth of Virginia is planning to file a bill under which it would begin minting its own gold and silver coins as an alternative currency to the US dollar.

Virginia's Republican Delegate Bob Marshall, from Prince William County, was to ask the General Assembly to consider the idea on Wednesday when it convenes for its annual legislative session, The Washington Post reported.

It is a companion bill to a proposal Marshall has already filed to establish a study committee to examine alternative currencies to that distributed by the Federal Reserve System "in the event of a major breakdown of the Federal Reserve System".'


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