More Republican foolishness. This time, the people in South Carolina are definitely not getting their money’s worth. The fool? State Sen. Lee Bright (R-Roebuck). His idea? Give South Carolina its own currency!
Senator Lee Bright is not so bright at all. He thinks he has his finger on the pulse of this economy and the United States dollar, and as far as he can tell, the dollar will be worthless because, “many widely recognized experts predict the inevitable destruction of the Federal Reserve System’s currency through hyperinflation in the foreseeable future.”
So Mr. Bright has introduced legislature in South Carolina, the purpose of which was to create a group of experts who will provide a study detailing the benefits and the best way of implementing the new currency. According to the legislation;
South Carolina can avoid or at least mitigate many of the economic, social, and political shocks to be expected to arise from hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System only through the timely adoption of an alternative sound currency that the state’s government and citizens may employ without delay in the event of the destruction of the Federal Reserve System’s currency;
Director of South Carolina’s Democratic Caucus Phil Bailey calls the legislation a waste of time;
“It’s a waste of resources. I mean who’s paying for this study? Will they be paid in actual dollars or gold doubloons?”
Pay them in doubloons please!
More on this story here.
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