Monday, March 14, 2011

Update: "Sen. Bill Ketron wants TN to consider creating its own currency"

State Sen. Bill Ketron is pushing for Tennessee to study whether the state should create its own currency in the event of a breakdown of the Federal Reserve.

Depending on the perspective, Ketron's proposal is either a harmless step toward safeguarding the state in the event of national financial calamity, or proof that the Republican-led General Assembly is distracting itself from the task of creating jobs and improving the economy.

Ketron has filed a joint resolution to create a committee that would study whether Tennessee should adopt a currency as an alternative to the federal dollar in the event of a "major breakdown" of the Federal Reserve.

The proposal is part of a burgeoning movement on the part of conservative lawmakers to begin preparing for a worst-case scenario in which the Reserve collapses. Ketron's legislation mirrors almost word-for-word bills filed in South Carolina and Virginia, which passed the law earlier this year.

The Utah House of Representatives passed legislation approving gold and silver as legal tender. A Georgia lawmaker has proposed legislation that would force the state to conduct its monetary transactions in gold or silver coins.

Ketron, R-Murfreesboro, said he got the idea from the legislation filed in other states.


View the bill here.
Citizens of Tennessee: Contact your State Senator here.

Every American citizen TODAY needs to contact the Leaders of the Tennessee Senate and ask them to support this bill -- CLICK HERE to take action NOW!

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