In what could be the financial shot heard around the world, the state of Virginia is considering the establishment of a joint subcommittee to study whether the Commonwealth should adopt a currency such as gold or silver to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System.
Virginia considers it their Constitution right and cites experts warning that the FED system could break down, largely due to not backing their currency with gold and silver. If you haven’t as insurance against exactly the scenario Virginia is concerned about, what are you waiting for? Selected parts of HOUSE JOINT RESOLUTION NO. 557 are below.
WHEREAS, the present monetary and banking systems of the United States, centered around the Federal Reserve System, have come under ever-increasing strain during the last several years, and will be exposed to ever-increasing and predictably debilitating strain in the years to come.
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