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This is a topic from the Current Politics and Religious Topics forum on inthe00s.
Subject: SC Congressmen wants separate gold-backed currency for SC
Written By: Ryan112390 on 02/15/11 at 6:19 pm
http://news.yahoo.com/s/yblog_thelookout/20110214/us_yblog_thelookout/south-carolina-lawmaker-wants-separate-currency-for-state#mwpphu-container
Subject: Re: SC Congressmen wants separate gold-backed currency for SC
Written By: CatwomanofV on 02/17/11 at 10:15 am
That is illegal under Article I, Section 10 of the U.S. Constitution.
Cat
Subject: Re: SC Congressmen wants separate gold-backed currency for SC
Written By: Don Carlos on 02/18/11 at 5:06 pm
http://news.yahoo.com/s/yblog_thelookout/20110214/us_yblog_thelookout/south-carolina-lawmaker-wants-separate-currency-for-state#mwpphu-container
The last I looked, South Carolina was still part of the union (remember? They lost that war), and the last time I looked US greenbacks say "This note is legal tender for all debts public and private". I have no desire to go to South Carolina, but I would love to see someone there refuse a US $20. What a suit that would be. Or if we're lucky, they'll secede, and Vermont's National Guard will do another "Full Measure of Duty" as Vermonters did almost 150 years ago. Like li'l Georgie said, "Bring em on"
Subject: Re: SC Congressmen wants separate gold-backed currency for SC
Written By: MaxwellSmart on 02/19/11 at 7:59 pm
That is illegal under Article I, Section 10 of the U.S. Constitution.
Cat
Yep.
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
Subject: Re: SC Congressmen wants separate gold-backed currency for SC
Written By: Don Carlos on 02/19/11 at 8:04 pm
Yep.
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
My guess is that this is what they are hanging their hats on, but there is no way that they can refuse to accept dollar bills
Subject: Re: SC Congressmen wants separate gold-backed currency for SC
Written By: MaxwellSmart on 02/19/11 at 8:20 pm
My guess is that this is what they are hanging their hats on, but there is no way that they can refuse to accept dollar bills
Yeeeah...that's what I was thinking, but I don't know what the hell they're going to back these SC bucks with, crab apples and cigarette butts?
http://www.inthe00s.com/smile/13/icon_scratch.gif
Subject: Re: SC Congressmen wants separate gold-backed currency for SC
Written By: Don Carlos on 02/19/11 at 8:30 pm
Yeeeah...that's what I was thinking, but I don't know what the hell they're going to back these SC bucks with, crab apples and cigarette butts?
http://www.inthe00s.com/smile/13/icon_scratch.gif
Well, gold and silver coins, depending on the rate of exchange between them and the metal market, one could make a killing, if one were so inclined
Subject: Re: SC Congressmen wants separate gold-backed currency for SC
Written By: MaxwellSmart on 02/21/11 at 12:53 am
Well, gold and silver coins, depending on the rate of exchange between them and the metal market, one could make a killing, if one were so inclined
And in 18 months, you've got yourself some nice collector's coins!
:)