WTF? How can people this retarded get elected, even in S. Carolina? :bleeding:
http://www.cbsnews.com/blogs/2010/02/17/politics/politicalhotsheet/entry6217403.shtml
QuoteFebruary 17, 2010 4:34 PM
South Carolina Lawmaker Seeks to Ban Federal Currency
Posted by Brian Montopoli
South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.
As the Palmetto Scoop first reported, Pitts, a Republican, introduced legislation this month banning "the unconstitutional substitution of Federal Reserve Notes for silver and gold coin" in South Carolina.
In an interview, Pitts told Hotsheet that he believes that "if the federal government continues to spend money at the rate it's spending money, and if it continues to print money at the rate it's printing money, our economic system is going to collapse."
"The Germans felt their system wouldn't collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s," he said. "The Soviet Union didn't think their system would collapse, but it did. Ours is capable of collapsing also."
The lawmaker believes that a shift to an economy based on gold and silver coins would give the state a "base of currency" should that collapse come. As one expert told the Scoop, however, his bill would likely be ruled unconstitutional because it "violates a perfectly legal and Constitutional federal law, enacted pursuant to the Commerce Clause of the U.S. Constitution, that federal reserve notes are legal tender for all debts public and private."
In addition, since gold and silver regularly fluctuate in value, they could not easily function as stable currency.
But Pitts maintains that his state is better off with something he can hold in his hand and barter with as opposed to federal currency, which he described to the Scoop as "paper with ink on it." He says he resents what he considers the federal government's intrusions on states' rights.
Though he did not offer a timeframe, Pitts told Hotsheet that he anticipates a nationwide economic collapse "if our federal government continues the course it's been traveling under the previous administration and this administration."
Quote
"The Germans felt their system wouldn't collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s," he said. "
Oh, yes, the Germans felt their system could collapse, there was a little World War going on, and after that somewhat of a Revolution and a Civil War. And he has missed the correct date by some 10 years :wacko:
Quote
But Pitts maintains that his state is better off with something he can hold in his hand and barter with as opposed to federal currency, which he described to the Scoop as "paper with ink on it."
Paper with ink on it? Hey, just like the Constitution and the Bible!
Quote
He says he resents what he considers the federal government's intrusions on states' rights.
Great, just great. He should change his name to State Rights Pitts and call for a Convention to secede from the United States.
Again. :bleeding:
Constitutionally, there is nothing that keeps individual states from minting and/or printing their own money. Historically, many states did print their own currencies up to the mid-19th century, when Congress levied a hefty tax on money printed by states (and I do mean "printed"; I think the tax only applies to printed bills, not coins). So South Carolina would be allowed to mint their own coins if they wanted to. But banning US currency is an entirely different matter.
Will South Carolina: crucify mankind upon a cross of gold?
Afraid we gave the South their statehood and citizenship back a good 200 years early. :(
I foresee a wonderful and nutty era of teabaggery.
Quote from: PDH on February 19, 2010, 08:27:09 AM
I foresee a wonderful and nutty era of teabaggery.
As long as it annoys Spellus so much, more power to 'em.
Maybe instead S. Carolina still could use some Confederate money, if they have any still left around somewhere? ;)
Anyhow, is this so odd? It sounds odd, but if states do have the legal ability to mint money, and given the rising value of gold, silver and other metals, and worries about the dollar losing value, maybe it's not such a bad idea? With the rising investments into gold I guess I'm mot surprised someone is thinking about this kind of thing, though I can't say I'd endorse it.
Quote from: Ed Anger on February 19, 2010, 08:46:08 AM
Quote from: PDH on February 19, 2010, 08:27:09 AM
I foresee a wonderful and nutty era of teabaggery.
As long as it annoys Spellus so much, more power to 'em.
It will get fun when the state militias start fighting one another.
Quote from: PDH on February 19, 2010, 08:47:40 AM
Quote from: Ed Anger on February 19, 2010, 08:46:08 AM
Quote from: PDH on February 19, 2010, 08:27:09 AM
I foresee a wonderful and nutty era of teabaggery.
As long as it annoys Spellus so much, more power to 'em.
It will get fun when the state militias start fighting one another.
We can beat Michigan again. Mew.
Quote from: Ed Anger on February 19, 2010, 08:49:54 AM
We can beat Michigan again. Mew.
You can keep Toledo; but the next time there's a protest at the University of Michigan we can use your state militia to keep order? They do a better job than the Michigan National Guard.
Quote from: dps on February 19, 2010, 08:16:40 AM
Constitutionally, there is nothing that keeps individual states from minting and/or printing their own money. Historically, many states did print their own currencies up to the mid-19th century, when Congress levied a hefty tax on money printed by states (and I do mean "printed"; I think the tax only applies to printed bills, not coins). So South Carolina would be allowed to mint their own coins if they wanted to. But banning US currency is an entirely different matter.
Actually, it was mentioned back in 2008 when the news covered that Connecticut town that started printing their own local currency, that it's legal to print paper money, as long as it doesn't too closely resemble any of the dollar bills; coins are the ones that are verbot.
Oh, and if Congress says the states can't value their own money, they can't. Supremacy clause: if it's not listed in the constitution, federal rules have top priority. :contract:
The Germans that actively conducted the hyperinflation probably had a decent idea what it would do to the system. It's not like hyperinflation just develops out of nowhere. And it didn't really collapse the system either. The Weimar Republic was a capitalist society before and after the hyperinflation.
Quote from: Savonarola on February 19, 2010, 08:55:42 AM
Quote from: Ed Anger on February 19, 2010, 08:49:54 AM
We can beat Michigan again. Mew.
You can keep Toledo; but the next time there's a protest at the University of Michigan we can use your state militia to keep order? They do a better job than the Michigan National Guard.
We keep Packo's and the ONG become mercs? GOOD DEAL.
:)
Quote from: Zanza on February 19, 2010, 09:06:32 AM
The Germans that actively conducted the hyperinflation probably had a decent idea what it would do to the system. It's not like hyperinflation just develops out of nowhere. And it didn't really collapse the system either. The Weimar Republic was a capitalist society before and after the hyperinflation.
Oh, yes. The hope was to make Germany look too poor to pay reparations.
Quote from: Faeelin on February 19, 2010, 09:28:31 AMOh, yes. The hope was to make Germany look too poor to pay reparations.
And to inflate away internal debt.
Quote from: KRonn on February 19, 2010, 08:46:41 AM
Maybe instead S. Carolina still could use some Confederate money, if they have any still left around somewhere? ;)
Anyhow, is this so odd? It sounds odd, but if states do have the legal ability to mint money, and given the rising value of gold, silver and other metals, and worries about the dollar losing value, maybe it's not such a bad idea? With the rising investments into gold I guess I'm mot surprised someone is thinking about this kind of thing, though I can't say I'd endorse it.
Yes, it's pretty odd. It does give a window into these idiots are buying gold. They think the US is going to collapse.
Quote from: Razgovory on February 19, 2010, 09:37:21 AM
Quote from: KRonn on February 19, 2010, 08:46:41 AM
Maybe instead S. Carolina still could use some Confederate money, if they have any still left around somewhere? ;)
Anyhow, is this so odd? It sounds odd, but if states do have the legal ability to mint money, and given the rising value of gold, silver and other metals, and worries about the dollar losing value, maybe it's not such a bad idea? With the rising investments into gold I guess I'm mot surprised someone is thinking about this kind of thing, though I can't say I'd endorse it.
Yes, it's pretty odd. It does give a window into these idiots are buying gold. They think the US is going to collapse.
It would seem to be a very unstable currency, given how gold/metals prices do increase or decrease quite a bit, and quickly, depending on economic issues. The dollar's value fluctuates but not nearly as much as gold values, seems to me. So unless I'm missing something, this idea seems to have as many problems as the solutions it's trying to create anyway.
Quote"The Germans felt their system wouldn't collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s," he said.
I think he meant the 1923 hyperinflation. The early 1930s, in the wake of the 1929 crisis were marked by deflation.
Isn't South Carolina the state with the governor who took off to South America in search of his lover and the vice-governor who thought that one should not give kids at schools free meals because this would encourage them to breed like stray dogs?
Or am I thinking of some other nutty state?
Quote from: Martinus on February 19, 2010, 11:33:01 AM
Isn't South Carolina the state with the governor who took off to South America in search of his lover and the vice-governor who thought that one should not give kids at schools free meals because this would encourage them to breed like stray dogs?
Or am I thinking of some other nutty state?
:yes:
It's also the home of steamy man-horse love.
Quote from: Martinus on February 19, 2010, 11:33:01 AM
Isn't South Carolina the state with the governor who took off to South America in search of his lover and the vice-governor who thought that one should not give kids at schools free meals because this would encourage them to breed like stray dogs?
Or am I thinking of some other nutty state?
I thought you would agree with these ideas.
Quote from: Razgovory on February 19, 2010, 11:48:25 AM
Quote from: Martinus on February 19, 2010, 11:33:01 AM
Isn't South Carolina the state with the governor who took off to South America in search of his lover and the vice-governor who thought that one should not give kids at schools free meals because this would encourage them to breed like stray dogs?
Or am I thinking of some other nutty state?
I thought you would agree with these ideas.
Indeed. Martinus the bigot would support both those ideas if they weren't coming from a heterosexual.
Quote from: DontSayBanana on February 19, 2010, 08:56:19 AM
Oh, and if Congress says the states can't value their own money, they can't. Supremacy clause: if it's not listed in the constitution, federal rules have top priority. :contract:
Pretty sure that the courts said otherwise, which is why Congress just put a prohibitively expensive tax on state currencies instead of just outright banning them. Of course, the courts today might rule quite differently.
Whereas Washington is the state where such love ends in death.
Quote from: The Brain on February 19, 2010, 09:11:19 PM
Quote from: Syt on February 19, 2010, 11:38:25 AM
It's also the home of steamy man-horse love.
:)
Your efforts to breed a centaur might be better served with gene splicing.
Quote from: garbon on February 19, 2010, 10:34:20 PM
Whereas Washington is the state where such love ends in death.
:yes: