Virginia Alternative Currency Plan Moves Ahead

The Commonwealth of Virginia is examining what it would take to have a “plan B” currency ready to go in the event of a Federal Reserve meltdown.

(From HamptonRoads.com)

“My purpose is to have a Plan B,” he said, so Virginians would still be able to conduct commerce without using greenbacks.

Then he pulled out his trump card.

This year, he said, he has the support of Judy Shelton, an economist who happens to be a friend and neighbor of House Speaker William Howell, R-Stafford County, who chairs the Rules Committee. And the speaker himself has gotten behind the measure, Marshall added.

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5 comments
Jeremy J. McKay
Jeremy J. McKay

At least someone has the sense to start a backup plan!