05.24.11

SC gold & silver buggism

Posted in Extremism, Fiat money fear and loathers at 8:58 am by George Smith

Laugh at Harold Camping but consider that the US is replete with extremists and kooks. And due to the shabby state of the nation many are in power locally.

In South Carolina, the fiat money kooks have been doggedly pushing state legislation that would:

[Mandate] that gold and silver coins replace federal currency as legal tender in [the] state.

South Carolina Rep. Mike Pitts has introduced legislation … banning “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.

Pushed by a small group, something called the Sound Money Committee, it emanates the stink of the hardcore secessionist movement, that part of the crazy GOP tasked with keeping the Civil War going out in the sticks.

Because anything that subverts US currency is unconstitutional the South Carolina dollar abolitionists worm about the edges with wording like this, from a local Fox News affiliate:

Sen. David Thomas, a Republican from Greenville, wants to make gold and silver coins another option in the Palmetto State. Lawmakers are calling it the Sound Money Legislation … Thomas also wants a special joint committee to study the need and process for establishing an alternate currency.

“What do you think about about gold and silver coins being proposed as SC tender?” Fox asks.

Perhaps not so much. The photos accompanying the story show a small band of exclusively white, mostly old, people.

Some of them hold signs — “Say No to Tyranny, No to IMF”, abolish the dollar, get rid of the Fed — which do nothing except establish it’s more standard Tea Party nihilism.

Writes a secessionista, in a piece advocating the legislation:

Enter the Central Bank, or Federal Reserve System. Enter INFLATION. Creating new money is inflation of the money supply. That causes prices to go up, or in other words, the value of a dollar to go down. The purchasing power has been diluted. You have been robbed …

We live in a world of Fiat money–it’s money because the government says it is, and they get all they want. You still have to earn yours.

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