What follows below is an email just received from a friend. We have real serious issues to deal with under Obama...We need to consider all our options.
Is it fear-mongering when various State legislatures talk about the Federal Reserve System's imminent failure and begin preparations to study the implementation of alternate money systems for their respective States?
As with Virginia, Montana, and several other States, Tennessee's legislature is preparing to look into options on sound money - a competing State-based money system - in reaction to impending possible failure of the Federal Reserve System.
There is a poll at the newscast link below, and as of this mailing the poll (counting more than 1600 votes) shows fifty-eight (58%) percent of respondents are in favor. You don't have to be a resident of Tennessee to vote in this poll - it's fast and easy. See below.
State Sen. Bill Ketron said he believes the federal government is
implementing many things that are not sustainable, and he wants to
make sure Tennessee is prepared in case the bubble pops.
That's why he wants to set up a committee to look into what it would
take for Tennessee to come up with an alternate currency. He
said there's concern hyperinflation could render the U.S. dollar
worthless and could throw the state's budget and economy into
chaos.
Since the federal government hasn't come up with a backup plan,
Ketron thinks the state should exercise its 10th Amendment right to
do so.
Supporters said it's important to be prepared in case the Federal
Reserve System ever crumbles.
NEWS REPORT ON THE BILL:
http://www.wsmv.com/money/27043569/detail.html
TEXT OF LEGISLATION:
http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SJR0098&GA=107
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