GOP Sen. Bright: South Carolina should coin its own currency

[Political Junky]

Sen. Lee Bright: South Carolina should coin its own money

Continuing a pattern of attempts to assert South Carolina's independence from the federal government, State Sen. Lee Bright, R-Roebuck, has introduced legislation that backs the creation of a new state currency that could protect the financial stability of the Palmetto State in the event of a breakdown of the Federal Reserve System.

Bright's joint resolution calls for the creation of an eight-member joint subcommittee to study the proposal and submit a report to the General Assembly by Nov. 1.

 

[bucs90]

Why not? Egyptians captured the hearts and minds of liberals the past month. Why can't South Carolinians desire to break free of an oppressive, tyrannical government? We did it once, and were invaded. We were wrong on premise then.

This time, we're not. The federal government is too overbearing. They are taxing us too much. They are selling our children's future away.

SOUTH CAROLINA, if an independent country, would secure it's borders. We'd have friendly yet secure borders with NC and GA. This is all theory of course, as neither SC would try to seceed, nor would the feds allow it. But in theory, we'd secure our borders. We'd lower taxes even more. It would be great.

One day liberals will realize they can only attempt to force feed their ideals to a point until the people push back.

 

[bucs90]

Oh, and by the way, many parts of SC already have their own currency.

Many small businesses, especially in rural towns, simply trade. Trade deer meat for bullets. Trade fish for fuel. Canned goods for fresh veggies/fruit. Trade used cars for...well, name it, rural SC folks have traded it. Void of any taxes, or permits, or regulations. Kill a deer, take half your meat to the guy who sold you the ammo. He gives you free ammo. Both win. Supply him with meat for an entire hunting season, you may get a free gun or fishing equipment out of it.

The US dollar could collapse tomorrow. 90% of the folks in SC would be fine. We'd suffer too, but we'd end up ok. Can't say the same for the folks in San Fran, Chicago, NYC who constantly preach about how we "should" be living. They'd be desperate for a way to eat, drink, basically survive a collapse.

 

[Dont Taz Me Bro]

This is actually not a new concept. There are small towns around the country and even neighborhoods in some cities that already do this. There is nothing illegal about it.

 

[uscitizen]

SC tried this once before it did not work out so well.

 

[8537]

This is actually not a new concept. There are small towns around the country and even neighborhoods in some cities that already do this. There is nothing illegal about it.

Complementary local currencies (privately held) are perfectly legal. Competitive publicly issued state tenders are probably illegal and certainly would be taxed out existence.

 

[Mini 14]

This is actually not a new concept. There are small towns around the country and even neighborhoods in some cities that already do this. There is nothing illegal about it.

Complementary local currencies (privately held) are perfectly legal. Competitive publicly issued state tenders are probably illegal and certainly would be taxed out existence.

The Liberty Dollar and Bernie von NotHaus will disagree with you, in practice.

Legally they should be allowed.

But the government doesn't like competition, and the Liberty Dollar is proof.

 

[Oddball]

NotHaus is currently in jail and his operation has been suspended.

Fed Cossacks.

 

[SFC Ollie]

There was talk of a local currency here last year, it would only be accepted by certain local merchants for certain purchases. I never did figure out how you were supposed to get it...

 

[gekaap]

Why not? Egyptians captured the hearts and minds of liberals the past month. Why can't South Carolinians desire to break free of an oppressive, tyrannical government? We did it once, and were invaded. We were wrong on premise then.

You know, you whine an awful lot and wallow in a victim's complex. I thought conservatives were supposed to reject notions of vitcimhood.

I find it pretty pathetic that you would compare the federal government to Mid East dictatorships. And I also find it laughable that you're proposing secession. Sure, go for it if you want, and coin your own money too. Never mind that it would all be unconstitutional. If you're going to take this stance, then you lose all grounds to complain about anything else on the basis of constitutionality.

 

[Dont Taz Me Bro]

This is actually not a new concept. There are small towns around the country and even neighborhoods in some cities that already do this. There is nothing illegal about it.

Complementary local currencies (privately held) are perfectly legal. Competitive publicly issued state tenders are probably illegal and certainly would be taxed out existence.

He claims to have a Supreme Court precedence on this.

The legislation cites the rights reserved to states in the Constitution and Supreme Court rulings in making the case that South Carolina is within its rights to create its own currency.

“The Supreme Court of the United States has ruled that the states may adopt whatever currency they desire for the purposes of performing their sovereign governmental functions, even to the extent of adopting gold and silver coin for those purposes while refusing to employ a currency not redeemable in gold or silver coin that Congress has designated ‘legal tender.'...” Bright's legislation states.

I'll have to look up the bill on our state legislative site.

 

[NYcarbineer]

Let them create their own currency; they've already created their own gene pool.

 

[8537]

This is actually not a new concept. There are small towns around the country and even neighborhoods in some cities that already do this. There is nothing illegal about it.

Complementary local currencies (privately held) are perfectly legal. Competitive publicly issued state tenders are probably illegal and certainly would be taxed out existence.

He claims to have a Supreme Court precedence on this.

The legislation cites the rights reserved to states in the Constitution and Supreme Court rulings in making the case that South Carolina is within its rights to create its own currency.

“The Supreme Court of the United States has ruled that the states may adopt whatever currency they desire for the purposes of performing their sovereign governmental functions, even to the extent of adopting gold and silver coin for those purposes while refusing to employ a currency not redeemable in gold or silver coin that Congress has designated ‘legal tender.'...” Bright's legislation states.

I'll have to look up the bill on our state legislative site.

The National Banking Act placed (and still places) a 10% levy on all state-issued currencies, effectively putting any attempt out of business before it begins.

 

[Oddball]

The way the FRN is headed, that might end up as a winning deal.

 

[Dont Taz Me Bro]

Here is the legislation.

2011-2012 Bill 500: Currency - South Carolina Legislature Online

 

[Dont Taz Me Bro]

Let them create their own currency; they've already created their own gene pool.

Don't look at me. I just live here. I'm from Boston.

 

[NYcarbineer]

Let them create their own currency; they've already created their own gene pool.

Don't look at me. I just live here. I'm from Boston.

Well, if you mate with one of the natives, you should get what the geneticists call 'hybrid vigor'.

lol