Commonwealth of Virginia moves closer to creating state’s own currency - Polidicks

[quote]Lawmakers in Virginia say they want to keep their options open in case the value of the U.S. dollar ever collapses — so they’re considering minting state coinage. [/quote] [url]http://dailycaller.com/2013/02/06/virginia-moves-close-to-creating-states-own-currency/[/url]

so the dollar is on hard times and you want to leave it so it gets even weaker gj guys Also Articles of Confederations allowed this

Because every state having its own currency worked so well last time.

oh ,shit, i don't want to have to deal with more annoying pocket change, c'mon VA..

All I think of when I read Commonwealth is Red Faction 2 now. Fuckin Sopot.

An economic potential self-fulfilling prophecy at its finest.

Isn't that illegal? Or am I mistaken? I swear it says somewhere in the constitution that the states couldn't have their own form of currency.

The currency would also be incredibly worthless and unused if they did mint their own on a state level. These people have no grasp on currency and how fiat money works.

Incest is their currency

Constitution says no Virginia cannot do it /thread

[QUOTE=DesolateGrun;39499172]so the dollar is on hard times and you want to leave it so it gets even weaker gj guys Also Articles of Confederations allowed this[/QUOTE] I may be wrong on this but isn't that no longer followed? I mean it was replaced by the actual Constitution. For some reason something is telling me that this is illegal to make actual bank notes. of course though i may be horrible and ignorantly wrong.

[QUOTE=mysteryman;39500195]I may be wrong on this but isn't that no longer followed? I mean it was replaced by the actual Constitution. For some reason something is telling me that this is illegal to make actual bank notes. of course though i may be horrible and ignorantly wrong.[/QUOTE] States can't create their own money, or enforce it as currency. It's unconstitutional.

[QUOTE=Loriborn;39500245]States can't create their own money, or enforce it as currency. It's unconstitutional.[/QUOTE] That's what i thought. I don't know off the top of my head but doesn't it say something where like they can't apply worth to anything as currency except silver or gold? Then wasn't that later changed with the removal of the gold backing? [editline]6th February 2013[/editline] i should probably just look this up already

It's ambiguous, but the way I read it, this is, in fact, unconstitutional: Article 1, Section 8: The Congress shall have Power [...] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures (Translation: Congress can create currencies) Article 1, Section 1: All legislative Powers herein granted shall be vested in a Congress of the United States (No other part of the Federal government has the powers listed in Article 1) Article 12 of the Bill of Rights: The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people (If the Constitution grants a power to the Federal government, it is not granted to the States unless otherwise specified. This is the part that could be argued against, depending on how strictly you interpret it) Now what's interesting is, if this does happen, such a currency will have to be recognized in every state, due to Article 4, Section 1: Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State.

Virginia is being that guy who panics and pulls all his money out of the stock market at the first sign of trouble, ironically contributing to the disaster he's trying to hide from.

gotta love when people defend the constitution on things they agree with and try to get around it on things they don't

They said that they're keeping options open IF the dollar currency collapses. I don't see a problem here

[QUOTE=Rika-chan;39500166]Incest is their currency[/QUOTE] Virginia is Upper South, you dolt. Actually, the whole South pretty much leaves incest to Alabama, occasionally Georgia.

[QUOTE=Moustacheman;39500699]Virginia is Upper South, you dolt. Actually, the whole South pretty much leaves incest to Alabama, occasionally Georgia.[/QUOTE] Don't forget West Virginia.

[QUOTE=gman003-main;39500724]Don't forget West Virginia.[/QUOTE] We don't consider those dirty yanks part of the South.

[QUOTE=gman003-main;39500485]Article 12 of the Bill of Rights: The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people (If the Constitution grants a power to the Federal government, it is not granted to the States unless otherwise specified. This is the part that could be argued against, depending on how strictly you interpret it)[/QUOTE] I would say this means that any power not granted to the fed is left to the states, as long as it is not prohibited by the constitution. Of course, then, the very liberal interpretation of the Necessary and Proper clause kinda throws that out the window.

[QUOTE=gman003-main;39500485]It's ambiguous, but the way I read it, this is, in fact, unconstitutional: Article 1, Section 8: The Congress shall have Power [...] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures (Translation: Congress can create currencies) Article 1, Section 1: All legislative Powers herein granted shall be vested in a Congress of the United States (No other part of the Federal government has the powers listed in Article 1) Article 12 of the Bill of Rights: The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people (If the Constitution grants a power to the Federal government, it is not granted to the States unless otherwise specified. This is the part that could be argued against, depending on how strictly you interpret it) Now what's interesting is, if this does happen, such a currency will have to be recognized in every state, due to Article 4, Section 1: Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State.[/QUOTE] Technically, it says "coin" money, not bills :v:

I was listening to the radio today and it's a lot more complicated than the article says. The entire Virginia House of Delegates agreed it was a good plan. Don't know why this is getting rated funny.

[QUOTE=J$ Psychotic;39500183]Constitution says no Virginia cannot do it /thread[/QUOTE] Virginia secedes ?

[QUOTE=IPK;39503508]Virginia secedes ?[/QUOTE]Also not allowed by the Constitution without a total revolution or consent of the other states. See: [URL="http://en.wikipedia.org/wiki/Texas_v._White"]Texas v. White[/URL]

because the articles of confederation worked so well!