Selected in the top 100 Economics Sites

Follow me on Twitter

Monday, March 7, 2011

The Midas Touch comes to Virginia.

Virginia Republican delegate Bob Marshall proposed the attached legislation and it died in committee. Give the guy credit...he is thinking ahead. The upshot is he wants a state-issued currency backed by gold to compete with the US dollar and be ready to take over in the "likely event" (his words) a hyperinflation destroys the Fed as an institution and the dollar as a viable legal tender.

Everything King Midas touched turned to gold...including his lovely daughter.

No comments: