Study for Virginia Currency Gets House Approval
Preparing for U.S. monetary collapse, proposal from Del. Bob Marshall would weigh need for Commonwealth's own gold and silver coins.
A measure introduced by Del. Bob Marshall (R-Manassas) to study a Virginia currency is now in front of the state Senate after approval from the House of Delegates Monday.
The House voted, 65-32, for the study of a metallic-based monetary unit in the event the U.S. dollar crumbles. Read the entire bill, HR590, as approved by the House.
Del. Mark Cole (R-88) voted for the measure and Del. Bill Howell (R-28) voted against the measure.
According to the bill, the committee would meet four times this year to "consider recommendations for legislation, with respect to the need, means and schedule for establishing a metallic-based monetary unit to serve as a contingency currency for the Commonwealth."
The bill sets the maximum cost of the committee's work at $17,440.
What do you think of the proposal for a Virginia currency? Tell us in the comments section at the bottom of the page.
See how your representative voted:
YEAS--Albo, Anderson, Bell, Richard P., Bell, Robert B., Byron, Cline, Cole, Cosgrove, Cox, J.A., Cox, M.K., Dudenhefer, Edmunds, Fariss, Farrell, Garrett, Gilbert, Greason, Habeeb, Head, Helsel, Hodges, Hugo, Iaquinto, Ingram, Joannou, Johnson, Jones, Kilgore, Knight, Landes, LeMunyon, Lingamfelter, Loupassi, Marshall, D.W., Marshall, R.G., May, Merricks, Miller, Minchew, Morefield, Morris, O'Bannon, O'Quinn, Orrock, Peace, Pogge, Poindexter, Purkey, Putney, Ramadan, Ransone, Robinson, Rush, Scott, E.T., Sherwood, Stolle, Tata, Villanueva, Ware, R.L., Watson, Webert, Wilt, Yancey, Yost, Mr. Speaker--65.
NAYS--BaCote, Brink, Bulova, Carr, Comstock, Dance, Filler-Corn, Herring, Hester, Hope, Howell, A.T., James, Keam, Kory, Krupicka, Lewis, Lopez, Massie, McClellan, McQuinn, Morrissey, Plum, Rust, Scott, J.M., Sickles, Surovell, Torian, Toscano, Tyler, Ward, Ware, O., Watts--32.
ABSTENTIONS--0.
NOT VOTING--Crockett-Stark, Spruill, Wright--3.
Shig
12:30 pm on Tuesday, February 5, 2013
While I hope the requirement for Virginia to mint its own currency never happens, the State has a responsibility to plan for contingencies. The collapse of the dollar, I hope, is a remote possibility, but the irresponsible behavior of our federal legislatures makes that possibility grow every day. It seems worth the small amount invested to place the commonwealth in a position to mitigate the disastrous impacts of a financial collapse at the federal level.
Elizabeth Talbot
8:07 pm on Wednesday, February 6, 2013
Proposals like these make me wonder whether we should scrap the state legislature and start over. When they talk about a "metallic based" monetary unit - do they mean gold? How would one use a gold coin to buy a pastry and a Danish at the 7-11? This group can barely put together a Transportation Bill, let alone a currency. Don't we have more immediate problems? How about the health care needs of thousands of uninsured state residents? The care of the mentally ill?