Friday, February 11, 2011

South Carolina To Create Its Own Currency

 Columbia, South Carolina - A bill in the South Carolina Senate would set up a committee to study whether South Carolina should create its own currency of gold and silver coins as an alternative to U.S. dollars. Sen. Lee Bright, R-Spartanburg, introduced the bill after seeing that Georgia, Virginia and Missouri are also looking at the same thing. “I think a lot of folks are concerned about what’s happening in our federal government and about the debt that we’re in,” Sen. Bright says. “I got concerned that the government, or theFederal Reserve might make an attempt to monetize the debt through inflation and folks that have saved all this time would obviously be the ones that would be hurt the most.  More…

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