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February 08, 2013


Virginia Lawmakers Propose Creating Their Own Money

Virginia Del. Robert Marshall (R) introduced a bill to "study the feasibility of a metallic-based monetary unit," ABC News reports.

Its preamble is rife with damnations of the Federal Reserve and its "unprecedented monetary policy actions" and "activist intervention in banking and credit markets," the point being that Virginia can no longer trust federal fiat money, and might need "a more stable money unit consistent with limited government."

The bill easily passed the heavily Republican House of Delegates, 65 to 32.












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